acquisition

Search documents
Lowe's Completes Acquisition of Artisan Design Group
Prnewswire· 2025-06-02 20:15
Core Viewpoint - Lowe's Companies, Inc. has successfully completed the acquisition of Artisan Design Group (ADG), enhancing its position in the home improvement market and expanding into a $50 billion market segment [1][2]. Company Overview - Lowe's is a FORTUNE® 100 home improvement company with over 1,700 stores and approximately 300,000 employees, serving around 16 million customer transactions weekly [4]. - The company reported total sales exceeding $83 billion for the fiscal year 2024 [4]. Acquisition Details - The acquisition of ADG, a leading provider of design, distribution, and installation services for interior surface finishes, is expected to accelerate Lowe's growth in Pro planned spend and expand its distribution channels [2]. - ADG has established a strong reputation in the industry, achieving high customer satisfaction scores from top homebuilders [2]. Advisory Information - Centerview Partners LLC and Greenhill are acting as financial advisors to Lowe's, while RBC Capital Markets, Goldman Sachs, and Robert W. Baird are advising ADG [3].
The Ensign Group Acquires Two Skilled Nursing Facilities in Idaho
Globenewswire· 2025-06-02 20:05
SAN JUAN CAPISTRANO, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the Ensign™ group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of Ironwood Rehabilitation and Care Center, an 80-bed skilled nursing facility located in Coeur d’Alene, Idaho and Lakeside Reha ...
The Ensign Group Adds Skilled Nursing Facility in California
Globenewswire· 2025-06-02 20:05
SAN JUAN CAPISTRANO, Calif., June 02, 2025 (GLOBE NEWSWIRE) -- The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility located in North Hollywood, California. The real estate wil ...
Here's Why You Should Hold Cigna Stock in Your Portfolio for Now
ZACKS· 2025-06-02 17:26
Key Takeaways CI is up 14.7% YTD, outperforming the industry's 29.1% drop, backed by dual-segment strength. Evernorth revenues rose 16% to $53.7B in Q1 2025; Cigna Healthcare grew 9% year over year. CI faces margin pressure from rising benefit costs and carries $26.5B in long-term debt.The Cigna Group (CI) , a longstanding global health company, continues to offer a variety of health solutions and insurance products. It operates through two main divisions: Cigna Healthcare and Evernorth Health Services. T ...
Watts Water Stock Rises 26% in a Year: Will the Uptrend Continue?
ZACKS· 2025-06-02 16:26
Core Insights - Watts Water Technologies, Inc. (WTS) has shown resilience in a volatile market, achieving a 26% gain over the past year, outperforming its industry and the S&P 500 [1][9] - The company's shares are trading near their 52-week high, indicating strong investor confidence [2] Group 1: Growth Strategies - WTS is expanding through strategic acquisitions, including I-CON Systems and Josam Company, which have positively contributed to sales in the Americas [6][7][10] - The launch of Nexa, an intelligent water management solution, is expected to enhance service revenues and support margin expansion [4] - The company anticipates incremental sales of around $7 million in the Americas for the second quarter of 2025, driven by acquisitions [6] Group 2: Financial Performance - For Q2 2025, WTS projects an adjusted operating margin between 19.1% and 19.7%, reflecting a year-over-year growth of 30-90 basis points [5] - The company updated its sales guidance for 2025, expecting a range from a decline of 2% to an increase of 3% [11] Group 3: Market Challenges - WTS faces challenges in its Europe segment, with a projected sales decline of 9% to 3% for 2025 due to ongoing market weakness and inventory destocking [13] - The company is also contending with potential margin pressure from tariffs and a weaker global economy [14]
VINCI acquires Peters Bros Construction in British Columbia, Canada
Globenewswire· 2025-06-02 15:45
Core Insights - VINCI Construction has completed the acquisition of Peters Bros Construction Ltd, a paving company in British Columbia, Canada, which reported an annual revenue of approximately CAD 90 million in 2024 [1][6]. Company Overview - Peters Bros Construction, founded in 1981, is based in the Okanagan Valley and employs around 140 people during peak season, primarily operating in the BC interior region [2][6]. - The acquisition will enhance VINCI Construction's presence in Western Canada, where it already has operations in Vancouver, Alberta, and Saskatchewan, facilitating greater synergies and operational capabilities [3][6]. Market Context - The population of British Columbia is projected to grow by 50% by 2046, indicating a rising demand for road infrastructure, which the acquisition aims to support [3].
Stifel Completes Acquisition of Bryan Garnier
Globenewswire· 2025-06-02 11:30
ST. LOUIS, June 02, 2025 (GLOBE NEWSWIRE) -- Stifel Financial Corp. (NYSE: SF) today announced the completion of its acquisition of Bryan, Garnier & Co. (“Bryan Garnier”), a leading independent full-service investment bank specializing in the European technology and healthcare sectors. “Bryan Garnier brings focused sector expertise, an entrepreneurial mindset, and a strong reputation for trusted advice—qualities that align closely with Stifel’s values and strategy,” said Ronald J. Kruszewski, Chairman and C ...
Evercore: Stay The Course
Seeking Alpha· 2025-06-01 02:17
Group 1 - The company has a strong focus on mergers and acquisitions (M&A) as its core business [1] - In addition to M&A, the company has developed non-M&A revenue streams such as Liability Management & Restructuring [1]
SSR Mining Stock Hits 52-Week High: What's Driving Its Performance?
ZACKS· 2025-05-30 16:56
Core Insights - SSR Mining Inc. (SSRM) reached a new 52-week high of $11.89 before closing at $11.74, with a market capitalization of $2.38 billion and a Zacks Rank 2 (Buy) [1] - SSR Mining's stock has increased by 68.6% year-to-date, significantly outperforming the industry growth of 8.6% and the Basic Materials Sector's growth of 6.8% [1] Acquisition and Production - SSR Mining completed the acquisition of the Cripple Creek & Victor (CC&V) mine from Newmont Corporation, positioning itself as the third-largest gold producer in the U.S. [4] - The CC&V mine has reported gold Mineral Reserves of 2.4 million ounces, with an 85% year-over-year increase from 2023 [5] - The addition of CC&V is expected to boost SSR Mining's annual gold production by 170,000 ounces [6] Production Guidance - SSR Mining anticipates a more than 10% year-over-year increase in gold equivalent ounces (GEO) production for 2025, with expected production ranging from 410,000 to 480,000 ounces [6][7] - The Marigold mine is projected to produce 160,000-190,000 ounces, while the Seabee mine is expected to yield 70,000-80,000 ounces [7] - The expected gold production from the CC&V mine for 2025 is estimated at 90,000-110,000 ounces [8] Financial Performance - In Q1 2025, SSR Mining reported adjusted earnings per share of 29 cents, exceeding the Zacks Consensus Estimate by 262.50% and marking a 164% improvement from the previous year [9] - Total revenues for Q1 2025 increased by 38% year-over-year to $317 million [9] - The average realized gold price rose by 42% to $2,935 per ounce, while the average realized silver price increased by 46% to $23.23 per ounce [10] Development and Exploration - SSR Mining invested $12.2 million in the Hod Maden project during Q1 2025, focusing on engineering and early-stage site development [11] - The company is advancing exploration and development initiatives across its asset portfolio to identify high-return, low-capital opportunities [11] Market Trends - Gold prices have increased by 25.5% in 2025, driven by geopolitical tensions and central bank buying, while silver prices have risen by 14.6% due to demand from the electrification sector [12]
Insteel Industries Surges 30.9% YTD: Is It Time to Buy the Stock?
ZACKS· 2025-05-30 14:00
Insteel Industries, Inc.’s (IIIN) shares have surged 30.9% in the year-to-date period against the industry and the S&P 500’s decline of 8% and 0.4%, respectively. The manufacturer of steel wire reinforcing products has outperformed its market peers like Atkore Inc. (ATKR) and Belden Inc. (BDC) , which have lost 20.7% and 4.5%, respectively, over the same time frame.IIIN Outperforms Industry, S&P500 & PeersImage Source: Zacks Investment ResearchClosing at $35.37 in the last trading session, the stock is trad ...