Sep 16, 2025 10:00 AM Eastern Daylight Time The Presidio Group Exclusively Advises AutoNation on Acquisition of Mercedes-Benz of Chicago and Fletcher Jones Audi from Fletcher Jones Automotive Group Share CHICAGO--(BUSINESS WIRE)--The Presidio Group LLC ("Presidio†), an independent merchant banking firm focused on mergers and acquisitions, capital raising and investments in the automotive retail and consumer mobility sectors, exclusively advised AutoNation, Inc. (NYSE: AN) on its acquisition of a Mercedes- ...

This story was originally published on Grocery Dive. To receive daily news and insights, subscribe to our free daily Grocery Dive newsletter. Dive Brief: The 1939 Group, Inc., a newly formed holding company controlled by the family that runs Schnuck Markets, has agreed to buy all of the shares of the Wisconsin-based parent company of Skogen’s Festival Foods and Hometown Grocers, Inc., according to a Tuesday announcement. Terms of the deal were not disclosed. Skogen’s Festival Foods runs 42 stores in Wis ...

FORT LAUDERDALE, FLORIDA / ACCESS Newswire / September 16, 2025 / 1606 Corp. (OTCID:CBDW) (the "Company"), under the leadership of CEO Austen Lambrecht, is pleased to announce that the Company will be attending the 151st National Investment Banking Association (NIBA) Conference, taking place in Fort Lauderdale, Florida on Tuesday, September 16th, 2025. As part of our ongoing growth strategy, 1606 Corp. is actively exploring mergers and acquisitions that align with our vision and expansion goals. ...

Core Viewpoint - Chord Energy is acquiring Williston Basin assets from Exxon Mobil's XTO Energy for $550 million, enhancing its position in the Bakken shale with significant operational and financial benefits [1][4]. Company Summary - The acquisition involves 48,000 net acres, with 86% operated and 100% held by production, and is expected to yield approximately 9,000 barrels of oil equivalent per day, of which 78% is oil [1]. - The deal adds 90 net drilling locations to Chord's inventory, allowing for efficient three- and four-mile laterals, which aligns with the company's strategy to lower breakeven costs [2]. - CEO Danny Brown emphasized that the acquisition is "highly accretive" and will support sustainable free cash flow generation while maintaining net leverage below 0.6x, with expectations to drop below 0.5x by mid-2026 [3]. Industry Context - The acquisition reflects a broader trend of consolidation in the U.S. shale industry, where companies are acquiring premium acreage as drilling inventory becomes limited [4]. - Chord has been active in mergers and acquisitions, including its previous mergers with Oasis Petroleum and Whiting Petroleum, and its recent combination with Enerplus, indicating a commitment to disciplined growth [4]. - Exxon Mobil's sale of these assets aligns with its strategy to streamline its unconventional portfolio and focus on its Permian Basin operations and global LNG growth [5]. Financial Strategy - Chord Energy has reaffirmed its shareholder return policy, committing to distribute at least 50% of adjusted free cash flow when leverage is between 0.5x and 1.0x, and over 75% when below 0.5x [5]. - The company has repurchased $83 million in shares in the third quarter, demonstrating a focus on balancing growth with capital returns [5]. Future Positioning - If the acquisition is completed, Chord Energy will be positioned as one of the most inventory-rich operators in the Bakken, enhancing its flexibility for long-lateral development and ability to sustain free cash flow through commodity cycles [6].

Financial Data and Key Metrics Changes - For the fiscal year ended June 30, 2025, the company generated $38.8 million in adjusted EBITDA, an increase of $7.6 million or 24.4% compared to the prior year [3] - The net income attributable to Radiant Logistics for the quarter ended June 30, 2025, was $4.9 million on revenues of $220.6 million, representing a 2.6% increase in net income compared to the same quarter in the previous year [8] - Adjusted net income for the 12 months ended June 30, 2025, was $30.9 million, up 36.6% from $22.6 million in the prior year [10] Business Line Data and Key Metrics Changes - The year-over-year improvement in adjusted EBITDA was primarily driven by acquisitions, which contributed $6 million in adjusted EBITDA for the fiscal year [3] - The company completed three Greenfield acquisitions and three strategic operating partner conversions in fiscal 2025 [6] Market Data and Key Metrics Changes - The company noted ongoing volatility in the U.S. trade negotiations and tariffs, which may impact business operations in the near term [4] - There is a continued shift away from China to Southeast Asia and Mexico, which the company believes will benefit from the changing trade dynamics [13] Company Strategy and Development Direction - The company aims to deliver profitable growth through a combination of organic and acquisition initiatives while re-leveraging its balance sheet [5] - The recent acquisition of WePort in Mexico is seen as a strategic move to expand the company's North American footprint and support existing customers [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the prospects for global trade resuming as tariff disputes are resolved, while remaining nimble in response to any changes [4] - The company is focused on building a unified sales organization to leverage cross-sell opportunities and enhance customer engagement [59] Other Important Information - The company maintains a strong balance sheet with approximately $23 million in cash and only $20 million drawn on its $200 million credit facility [5] - Management indicated that the depreciation and amortization expense decreased due to the end of the amortization period for a significant past acquisition [21] Q&A Session Summary Question: How has changing trade policy affected the business, particularly in Mexico? - Management noted that trade policy remains fluid, with customers navigating tariffs and supply chain challenges, but they expect Mexico to benefit from these dynamics [13] Question: What are the near-term expectations for adjusted EBITDA and margins? - Management indicated that the lower adjusted EBITDA was due to less pull forward in inventory compared to previous periods [17] Question: Is there a capacity limitation on acquisitions? - Management stated that there is no true constraint on acquisition candidates, but integration capacity is a consideration [27] Question: What is the target leverage for the balance sheet? - Management indicated a normalized target leverage of around 2.5 times, with flexibility for temporary increases for the right transactions [35] Question: How does the company view the recent acquisition of WePort amid tariff uncertainties? - Management described the acquisition as opportunistic, enhancing their international capabilities and supporting existing customer needs [36] Question: What should be expected in terms of customer engagement and new business wins? - Management highlighted the importance of cross-selling opportunities and the positive feedback from customers regarding new technology initiatives [59]

Core Insights - Vertiqal Studios Corp. has successfully completed its acquisition of Enthusiast Gaming's direct media sales business, marking a significant milestone in its growth strategy [1][4] - The integration of Enthusiast Gaming's operations has positioned Vertiqal as a leading partner for brands in targeted digital advertising across various content verticals [2] - The company has secured a booked revenue pipeline of over $3 million USD for Q4, reflecting the effectiveness of its consolidated media strategy [3] Company Overview - Vertiqal Studios operates a diversified network of digital properties and branded content channels, reaching over 200 million engaged consumers monthly [4] - The company's integrated approach combines in-house creative production, proprietary distribution points, and direct media sales to deliver results for global advertisers [4][8] - The company aims to leverage its expanded capabilities to drive organic growth and deeper brand partnerships [5]

Core Insights - MAI Capital Management has acquired Summit Financial Advisors, which has approximately $570 million in assets under management, shortly after announcing a merger with Evoke Advisors, which has $27 billion in assets [1][2] - Following the integration of Evoke, MAI will manage a total of about $60 billion in assets, positioning itself among the largest registered investment advisors (RIAs) in the market [2] - MAI's Chairman and CEO, Rick Buoncore, indicated that the firm is still looking for additional acquisition opportunities, focusing on firms that share a client-first mindset and a commitment to growth [3] Company Strategy - MAI is pursuing mergers and acquisitions (M&A) with a disciplined approach, seeking firms that align with its culture and growth strategy [3] - The firm is exploring expansion opportunities in Texas, Arizona, and Southeast Florida, while prioritizing finding the right fit for its growth strategy [3] - Summit Financial Advisors specializes in working with tech executives and entrepreneurs, focusing on equity-based compensation, concentrated stock portfolios, and tax strategies [3] Integration and Management - The team from Summit will remain intact post-acquisition, with Rafael Velez taking on the role of regional president and senior managing director [4] - MAI is prioritizing a seamless integration process for both advisors and clients from the Evoke acquisition, with ongoing efforts throughout Q4 and beyond [4] - The Evoke name will be retained alongside MAI, reflecting its established reputation among high-net-worth clients [5]

Core Viewpoint - First Nordic Metals Corp. and Mawson Finland Limited have announced a merger to create a leading Nordic-focused gold development and exploration company named NordCo Gold, consolidating significant gold assets in Sweden and Finland [1][2]. Transaction Overview - The merger involves First Nordic acquiring all outstanding shares of Mawson through a plan of arrangement [1]. - The combined entity will have a substantial gold development and exploration portfolio, including key projects like Barsele, Oijärvi, and Rajapalot [2][4]. Project Details - Barsele Project: Indicated resource of 5.6 million tonnes at 1.8 g/t Au, containing 324,000 ounces of gold, and inferred resource of 25.5 million tonnes at 2.5 g/t Au, containing 2,086,000 ounces of gold [3]. - Oijärvi Project: Indicated resource of 1.1 million tonnes at 4.1 g/t Au and 35.4 g/t Ag, containing 143,000 ounces of gold and 1,220,000 ounces of silver [3]. - Rajapalot Project: Inferred resource of 9.8 million tonnes at 2.8 g/t Au, containing 867,000 ounces of gold, with a PEA indicating a US$211 million after-tax NPV5% [4]. Strategic Benefits - The merger will create a leading Nordic gold developer with 2.1 million ounces of gold equivalent in inferred resources and 0.3 million ounces in measured and indicated resources [6]. - The combined land position exceeds 123,000 hectares, enhancing exploration potential and resource growth [6]. - The transaction is expected to attract institutional investors and improve capital market profiles due to increased scale and liquidity [9][10]. Management and Leadership - The new leadership team will include experienced industry veterans, with Russell Bradford as the new CEO and Peter Breese as the incoming Chairman [12][15]. - The management team is expected to leverage their extensive experience in project development and operations to accelerate project advancement [9][10]. Financial Aspects - The transaction includes a concurrent private placement to raise C$30 million for exploration and corporate purposes [10][32]. - Upon completion, NordCo Gold is projected to have a market capitalization of approximately C$259 million and a cash balance of around C$50 million [9][10]. Shareholder Impact - Existing shareholders of First Nordic will own approximately two-thirds of NordCo Gold, while Mawson shareholders will own about one-third [22]. - The transaction requires approval from Mawson shareholders and regulatory bodies, with a meeting scheduled for early December 2025 [20][21]. Transaction Timeline - The completion of the transaction is anticipated shortly after the Mawson Meeting in December 2025, subject to necessary approvals [28].

Group 1 - BHP highlighted its strong copper growth potential and the investment attractiveness of the United States during a recent shareholder briefing [1][2] - CEO Mike Henry emphasized the progress in BHP's copper growth, noting a 28% increase in copper production in recent years and the establishment of four major copper growth basins [3] - The company did not address questions regarding potential acquisitions, particularly in light of the recent $53 billion Anglo-Teck merger, which is expected to stimulate further M&A activity in the mining sector [4][5] Group 2 - BHP's Argentinian copper assets and the U.S. investment environment were focal points of discussion, with the U.S. offering significantly lower power costs compared to Australia [2][6] - The company acknowledged challenges regarding its Jansen potash project, including increased capital expenditure estimates and delays in production timelines [6]

Core Viewpoint - Brookfield Asset Management is in advanced discussions to acquire Yes! Communities from GIC for over $10 billion [2] Group 1: Transaction Details - The acquisition involves Yes! Communities, a U.S. operator of manufactured homes [2] - The deal is valued at more than $10 billion [2] Group 2: Stakeholders - The seller is Singapore's sovereign wealth fund GIC [2] - The buyer is Brookfield Asset Management, a prominent investment firm [2]