Xylem, an American water technology company, will acquire Evoqua Water Technologies, a mission-critical water treatment solutions and services provider, in an all-stock transaction valued at around $7.5 billion. The transaction complements Xylem’s portfolio of solutions with advanced water and wastewater treatment capabilities, an extensive network of service professionals, and access to attractive industrial markets. The […]
The Hilb Group, an American property and casualty and employee benefits insurance brokerage, said that it has acquired Oak Ridge Surety Agency based in Pennsylvania for an undisclosed price. The acquisition will help the Carlyle Group-backed Hilb Group to further expand its footprint in the Mid-Atlantic region and consolidate its surety specialty and expertise. Oak […]
Carmell Therapeutics, a phase 2-stage biotechnology platform company, is set to go public through a merger deal with Alpha Healthcare Acquisition Corp. III, a special purpose acquisition company (SPAC). Post-closing, the combined business will be renamed Carmell Therapeutics Corporation, which is likely to be listed on the Nasdaq Capital Market. Assuming no redemption of shares […]
Farmers National Banc Corp., an Ohio-based bank holding company, has closed the previously announced $105 million acquisition of Emclaire Financial Corp., a Pennsylvania-based bank holding company. The deal was announced by the bank holding companies in March 2022. As per the terms of the deal, Emclaire Financial, which is the parent company of the Farmers […]
Kite, an arm of Gilead Sciences, has agreed to acquire Tmunity Therapeutics, a Philadelphia-based clinical-stage biotech company focused on next-generation CAR T-therapies and technologies, for an undisclosed amount. Under the agreement, Kite will acquire all the shares of Tmunity Therapeutics, which it already doesn’t own. The acquisition aligns with Kite’s current in-house cell therapy research […]
The Hershey Co. is planning to construct a new chocolate facility on a 55-acre site near its existing Reese’s manufacturing plant in Derry Township, Pennsylvania to scale its production. The 250,000-square-foot facility will be part of the American chocolate manufacturer’s $1 billion multi-year investment to ramp up its supply chain. The new chocolate factory will […]
HV Bancorp (HVBC), the holding company for Huntingdon Valley Bank (HVB), will merge with rival US bank holding company Citizens Financial Services (CZFS), the owner of First Citizens Community Bank (FCCB), in a deal worth around $67.4 million. The merger is expected to boost and increase the footprint of Citizens Financial Services in communities situated […]
Conner Strong & Buckelew, an American insurance brokerage and employee benefits consulting firm, has acquired Armstrong, Doyle & Carroll for an undisclosed price. Based in Pennsylvania, Armstrong, Doyle & Carroll is an employee benefits consulting and brokerage firm. Operating since the 1950s, Armstrong, Doyle & Carroll is said to specialize in benefit plan solutions. These […]
Emclaire Financial Corp., a Pennsylvania-based bank holding company, has secured shareholder approval for the previously announced $105 million merger deal with Ohio-based Farmers National Banc Corp. Over 98% of Emclaire Financial shareholders’ votes were cast in favor of approving the deal that was announced in March 2022. Emclaire Financial, which is the parent company of […]
WSFS Financial Corporation has divested BMT Insurance Advisors (BMTIA), a Pennsylvania-based insurance brokerage and risk management consulting firm, to Patriot Growth Insurance Services for an undisclosed price. Headquartered in Fort Washington, Patriot Growth Insurance Services is said to partner with employee benefits and property and casualty agencies throughout the US. Dominic C. Canuso — WSFS […]
