Chipotle Mexican Grill said that it will open its first-ever digital-only restaurant called the Chipotle Digital Kitchen near the military academy in Highland Falls, New York. The restaurant, which will be open from 14 November 2020, will be only for pick-up and delivery only, said the US fast casual restaurant chain. According to Chipotle Mexican […]
VF Corporation, a US-based apparel and footwear company, has agreed to acquire streetwear brand Supreme from The Carlyle Group and Goode Partners, for $2.1 billion. Supreme sells apparel, accessories, and also footwear under its namesake brand across the world via direct-to-consumer channels, mainly through digital, which contributes more than 60% of its total revenue. The […]
Broadtree Partners, a lower-middle market private equity firm, has acquired Seanair Machine, a US-based manufacturer of OEM precision machined parts for the aerospace sector, for an undisclosed price. Established in 1957, Seanair Machine has been engaged in producing structural parts, flight controls, material handling, ground support, wing structure parts, fuel systems, landing gears, removable panels, […]
Global insurance brokerage Arthur J. Gallagher & Co. has acquired Charles W. Merriam & Son, doing business as The Merriam Agency, for an undisclosed price. Established in 1895, Merriam Agency is a full-service insurance agency with offices in upstate New York and Colorado Springs. The team of Merriam Agency is said to provide a full […]
Hanover Bancorp, the parent company of Hanover Community Bank, has agreed to acquire New York City-based commercial bank Savoy Bank in a stock-cum-cash deal worth around $63 million. As per the terms of the deal, Savoy Bank will merge into Hanover Community Bank, thereby establishing a $1.6 billion asset bank that has a franchise footprint […]
XDuce acquisition of SANS Consulting : Global technology services partner XDuce has acquired a majority stake in New York-based IT staffing services provider SANS Consulting for an undisclosed price. SANS Consulting, which is specialized in banking and financial services, is expected to further bolster XDuce’s presence and ability to offer IT services to clients. Commenting […]
US insurance brokerage firm AssuredPartners has acquired ENV Insurance Agency based in Liverpool, New York, for an undisclosed price. ENV Insurance Agency, which was founded in 1988, offers insurance and employee benefit advisement to businesses. The insurance agency currently reports annualized revenues of $7.5 million. Brian Bair – AssuredPartners Regional President said: “At AssuredPartners, we focus […]
Bridge Bancorp, Dime Community merger : Bridge Bancorp has signed an all-stock merger deal worth about $489 million with rival New York State bank holding company Dime Community Bancshares. The merger deal is being taken up for establishing a premier community-based business bank with over $11 billion in assets under management, total deposits of over […]
Oppenheimer & Co. has reached an agreement to acquire San Francisco-based investment bank Brandis Tallman for an undisclosed price in a move to fast track growth of its public finance investment banking business. Brandis Tallman is engaged in providing bond underwriting and placement of municipal debt to public agencies in California. Since its induction in […]
Latitude 27 Capital, a private investment firm, has acquired the assets of JK Jewelry, (doing business as JK Findings), a designer, manufacturer and wholesaler of jewelry components (findings) for an undisclosed amount. JK Findings’ founder and CEO John Kaupp will retire as CEO and stay with the business as an equity investor and board member […]