Core Viewpoint - White Mountains Insurance Group, Ltd. has announced an agreement to acquire a 51% controlling interest in Distinguished Programs, a managing general agent (MGA) and program administrator for specialty property and casualty insurance, for approximately $230 million [1][4][4]. Company Overview - Distinguished Programs is an MGA and program manager that places over $550 million in premiums annually across 12 specialty property and casualty programs, including commercial real estate, hotels and restaurants, community associations, environmental and construction professional, cyber, surety, executive lines, inland marine, and fine arts and collectibles [2][6]. - The company has been operational since 1995 and manages all aspects of the insurance placement process, earning commissions based on volume and profitability [6]. Transaction Details - White Mountains will acquire approximately 50% of Distinguished's outstanding equity interests, increasing its ownership from about 1% to 51% [4]. - The transaction is expected to close in the third quarter of 2025, pending regulatory approvals and customary closing conditions [4]. Management and Stakeholders - Aquiline Capital Partners, the current controlling equityholder, will retain a significant minority equity stake in Distinguished [3]. - The existing executive management team of Distinguished, led by industry veterans Bill Malloy, Jason Rotman, and Steve Sitterly, will continue to lead the business and remain significant equityholders [3][4].

Core Insights - ITT Corporation is experiencing growth across its segments, particularly in the Industrial Process, Connect and Control Technologies, and Motion Technologies segments, driven by strong demand and strategic acquisitions [1][2][7]. Segment Performance - The Industrial Process (IP) segment is benefiting from solid momentum in short-cycle business within energy and industrial markets, with growth in demand for parts, services, and valves [1]. - The Connect and Control Technologies (CCT) segment is supported by increased sales of components and connectors in defense and industrial markets, bolstered by the acquisition of kSARIA [1][2]. - The Motion Technologies (MT) segment is expected to perform well due to strong demand for brake components, specialized sealing solutions, and damping technologies in OEM and rail transportation markets [1]. Acquisitions and Growth - Acquisitions contributed 6.3% to ITT's sales in Q1 2025, with significant deals including kSARIA and Svanehøj, enhancing capabilities in defense, aerospace, and marine markets [2][7]. - The acquisition of Micro-Mode Products in May 2023 expanded ITT's product portfolio and customer base, particularly for long-term defense programs [2]. Financial Performance - In Q1 2025, ITT paid out dividends of $28.7 million and repurchased shares worth $100 million, with a 10% increase in the quarterly dividend rate announced in February 2025 [3]. - ITT's sales rose 6.3% in Q1 2025, driven by strength across its segments, although higher costs and foreign exchange translation negatively impacted revenues [7][9]. Cost Challenges - The company has faced rising operating costs, with a 9.6% year-over-year increase in cost of sales in 2024 due to higher raw material and labor costs [8]. - Sales and marketing expenses rose 18.2% year-over-year in 2024, continuing into Q1 2025 with a 6.2% increase [8].

Core Viewpoint - Indosuez Wealth Management is set to acquire the Wealth Management clients of BNP Paribas Group in Monaco, enhancing its market position and service offerings in the region [1][3]. Group 1: Acquisition Details - The acquisition agreement has been signed between CFM Indosuez and BNP Paribas Group's subsidiary in Monaco [1]. - This transaction aims to strengthen Indosuez's position among ultra-high net worth clients (UHNW) in Monaco [3]. - The finalization of the transaction is subject to approval from relevant supervisory authorities and is expected to be completed in the first half of 2026 [3]. Group 2: Client Benefits - Clients of BNP Paribas in Monaco will experience continuity in support and access to a comprehensive range of services due to CFM Indosuez's established local presence and expertise [2]. - The acquisition will allow clients to benefit from an international network and various financing capabilities, backed by the stability of Crédit Agricole, the world's 9th largest bank [2]. Group 3: Strategic Implications - The acquisition aligns with Indosuez's growth strategy in a consolidating wealth management sector in Europe [3]. - BNP Paribas's decision to sell its Wealth Management business in Monaco is part of a strategic refocus on a single platform for its local activities, including corporate and retail banking [3]. Group 4: Company Background - Indosuez Wealth Management has been operating since 1922 and is recognized as a leading bank in Monaco, employing nearly 400 specialized staff [9][10]. - As of December 2024, Indosuez Wealth Management manages €215 billion in client assets, positioning it among Europe's top wealth management firms [8].

Elgen Manufacturing Worthington Enterprises acquires Elgen Manufacturing. COLUMBUS, Ohio, June 19, 2025 (GLOBE NEWSWIRE) -- Worthington Enterprises (NYSE: WOR), a designer and manufacturer of market-leading brands that improve everyday life by elevating spaces and experiences, today announced its acquisition of Elgen Manufacturing (Elgen) of Closter, New Jersey. Elgen is a market-leading designer and manufacturer of HVAC parts and components, ductwork and structural framing primarily used in commercial ...

DOWNERS GROVE, Ill., June 18, 2025 /PRNewswire/ -- Dover Corporation (NYSE: DOV) today announced that it has acquired ipp Pump Products GmbH ("ipp"), which is now part of the Pump Solutions Group ("PSG") business unit within Dover's Pumps & Process Solutions segment.Headquartered in Bersenbrück, Germany, ipp is a specialized manufacturer of sanitary pump technologies, including hygienic lobe, progressive, and other processing equipment. ipp's products expand Dover's capabilities in critical hygienic applica ...

Key Takeaways MEOH has secured all required regulatory approvals for its acquisition of OCI Global's methanol business. The U.S. Hart-Scott-Rodino Act review period expired, allowing the transaction to proceed as planned. MEOH aims to close the deal on June 27 and quickly pursue integration to unlock strategic benefits.Methanex Corporation (MEOH) recently announced that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has expired. As a result, all regulatory clearances required ...

Core Viewpoint - Safety Shot, Inc. has received majority shareholder approval for the acquisition of Yerbaé Brands Corp., marking a significant strategic move in the wellness and functional beverage market [1][2][3]. Company Overview - Safety Shot, Inc. specializes in wellness and dietary supplements, notably its patented Sure Shot™ product, which reduces blood alcohol content while enhancing clarity and energy [5]. - Yerbaé Brands Corp. is a plant-based functional beverage company known for its zero-sugar, zero-calorie energy drinks, appealing to health-conscious consumers [6]. Acquisition Details - The acquisition was approved during a Special Meeting of Stockholders and is expected to close next week, with the combined entity continuing under the name Safety Shot, Inc. and trading on Nasdaq under the ticker "SHOT" [2][3]. - The merger aims to leverage Yerbaé's distribution network to enhance the growth of both brands, creating a stronger presence in the functional beverage market [3]. Future Plans - Following the merger, the company plans to announce further details and will file a Current Report on Form 8-K with the U.S. Securities and Exchange Commission [4]. - Safety Shot is also expanding its business-to-business sales of Sure Shot to various distributors and retailers throughout 2025 [5].

VANCOUVER, British Columbia, June 12, 2025 (GLOBE NEWSWIRE) -- Methanex Corporation (TSX:MX) (Nasdaq:MEOH) announced today that the regulatory review period under the U.S. Hart-Scott-Rodino Antitrust Act has lapsed. Accordingly, all regulatory approvals required for Methanex to close its previously announced acquisition of OCI Global’s international methanol business have been obtained. The transaction is expected to close on June 27, 2025, and remains subject to the satisfaction of customary closing condit ...

INDIANAPOLIS, June 11, 2025 /PRNewswire/ -- Allison Transmission Holdings Inc. (NYSE: ALSN) today announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propulsion solutions, for approximately $2.7 billion.  Allison Transmission Holdings Inc. (NYSE: ALSN) today announced it has entered into a definitive agreement to acquire the Off-Highway business of Dana Incorporated, a leading provider of drivetrain and propu ...

INDIANA, Pa., June 09, 2025 (GLOBE NEWSWIRE) -- First Commonwealth Bank, a subsidiary of First Commonwealth Financial Corporation (NYSE: FCF), completed its systems conversion and rebranding of the former CenterBank in Cincinnati, Ohio, over the weekend of June 6-8.  Legal closing of the CenterBank acquisition was completed on April 30, 2025 and included $348.4 million in total assets, three branch locations, a loan production office, and a mortgage center. This transaction significantly increases First Com ...