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WSP completes acquisition of Ricardo plc, a global strategic and engineering consultancy firm
Financialpost· 2025-10-09 06:01
Article contentForward-looking statements made by WSP are based on a number of assumptions believed by WSP to be reasonable as at the date of this press release, including assumptions about WSP’s ability to retain and attract new business, achieve synergies and maintain market positions arising from successful integration plans relating to the Acquisition; WSP’s ability to otherwise complete the integration of Ricardo within anticipated time periods and at expected cost levels; WSP’s ability to attract and ...
Berkshire Hathaway: 5 Business 'Elephants' It Can Afford To Buy
Seeking Alpha· 2025-10-03 17:04
There remain only a handful of companies in this country capable of truly moving the needle at Berkshire, and they have been endlessly picked over by us and by others. - Warren Buffett.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have n ...
Sherwin-Williams Completes Acquisition of BASF's Brazilian Architectural Paints Business
Prnewswire· 2025-10-01 20:15
Core Insights - The Sherwin-Williams Company has completed the acquisition of BASF's Brazilian architectural paints business, Suvinil, which aligns with its long-term growth strategy [1][2] - Suvinil is a leading provider of architectural paints in Brazil, generating approximately $525 million in sales for the year ended December 31, 2024 [2] - The acquisition is expected to enhance Sherwin-Williams' presence in Latin America and provide industry-leading solutions for customers [2] Financial Impact - The purchase price reflects a low teens EBITDA multiple, with anticipated post-transaction synergies net of one-time costs [3] - Sherwin-Williams expects a low single-digit percentage increase in consolidated sales for the fourth quarter of 2025 compared to the same period in 2024 [3] - The company aims to maintain a net-debt to EBITDA ratio within the targeted range of 2.0 to 2.5 times by the end of 2025 [3] Company Overview - Sherwin-Williams, founded in 1866, is a global leader in the manufacture and sale of paint, coatings, and related products [4] - The company operates over 5,400 stores and branches, with products sold through various retail channels [4] - Sherwin-Williams' Performance Coatings Group provides engineered solutions for multiple markets in over 120 countries [4]
The Marquie Group Acquires GETGOLF
Globenewswire· 2025-10-01 15:44
ST. PETERSBURG, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- The Marquie Group, Inc. (“TMGI” or the “Company”) (OTCID:TMGI) today publicly announced it has completed the asset acquisition phase of the of the purchase agreement with GETGOLF, including its subsidiaries - Mountain Brook Golf Club, Apache Creek Golf Club, and Stand-by-Golf. Combined, these businesses generate annual gross revenues of more than $8-million, with nearly $2-million in profit (estimated and unaudited). The next phase will include new man ...
Ageas closes $1.7bn acquisition of Esure
Yahoo Finance· 2025-10-01 11:39
Belgium-based insurance operator Ageas has finalised its previously announced acquisition of Esure Group, a UK personal lines insurer, from Bain Capital. The nearly £1.3bn ($1.7bn) transaction, initially announced in April this year, closed after receiving full regulatory approval. Esure will initially operate as a separate entity within Ageas UK, maintaining its existing brands to serve customers. The deal creates a balanced distribution model across direct-to-customer channels, price comparison websit ...
Conga Announces Intent to Acquire PROS B2B Business Following its Acquisition by Thoma Bravo
Businesswire· 2025-10-01 11:35
BROOMFIELD, Colo.--(BUSINESS WIRE)--Conga, a leader for AI-powered innovation in configure, price, quote (CPQ), contract lifecycle management (CLM), and document automation, today announced it has agreed to binding preliminary terms to acquire the B2B business of PROS Holdings, Inc. (NYSE: PRO) ("PROS†) from certain investment funds affiliated with Thoma Bravo. Conga expects a definitive agreement regarding the acquisition of PROS' B2B business to be finalized in connection with the closing of. ...
SIKA ACQUIRES MORTAR COMPANY IN DENMARK AND LAYS THE FOUNDATION FOR ACCELERATED GROWTH
Globenewswire· 2025-10-01 05:00
SIKA ACQUIRES MORTAR COMPANY IN DENMARK AND LAYS THE FOUNDATION FOR ACCELERATED GROWTH Sika has acquired Marlon Tørmørtel A/S, a mortar manufacturer in Denmark. The company is renowned for its strong product portfolio and its excellent customer service. The acquisition creates a growth platform for Sika in the Nordics, providing exciting opportunities for further market expansion and cross-selling with Sika’s complementary solutions. Marlon is a family-owned, high-performing business with a strong customer- ...
Tamboran to Acquire Falcon Oil & Gas Ltd. to Create ~2.9-million-acre Beetaloo Basin Leader
Businesswire· 2025-09-30 10:29
Core Viewpoint - Tamboran Resources Corporation is acquiring Falcon Oil & Gas Ltd. to consolidate their positions in the Beetaloo Basin, creating a leader with approximately 2.9 million net prospective acres and a pro forma market capitalization exceeding US$500 million [2][4][10]. Transaction Details - The acquisition involves Tamboran acquiring all subsidiaries of Falcon in exchange for 6,537,503 shares of Tamboran NYSE Common Stock and US$23.7 million in cash [4][7]. - Falcon shareholders will receive shares of Tamboran at an exchange ratio of 0.00687 shares for each Falcon Common Stock, resulting in Falcon shareholders owning approximately 26.8% of the combined entity [4][8]. - The transaction values Falcon's subsidiaries at C$239 million (US$172 million), reflecting a 19.7% premium over Falcon's closing price on September 29, 2025, and a 53.2% premium to the 90-day traded VWAP [4][10]. Strategic Implications - The acquisition is expected to enhance Tamboran's working interest in the Phase 2 Development Area to 80.62%, aligning further with Daly Waters Energy, LP across the entire EP 76, 98, and 117 acreage [3][4]. - The transaction is seen as a logical consolidation of two leading companies in the Beetaloo Basin, strengthening Tamboran's position in the region [2][4]. Approval and Timeline - The transaction has been unanimously approved by the Boards of Directors of both companies and is anticipated to close in the first quarter of 2026, pending shareholder approvals and other closing conditions [10][11]. - An indicative timeline for the transaction includes key dates such as the filing of the preliminary proxy statement with the SEC on October 30, 2025, and the expected closing date on February 1, 2026 [12][13].
Blue Water Moves to Secure Court Approval for $10 Billion CITGO Acquisition Plan
Prnewswire· 2025-09-30 10:00
Accessibility StatementSkip Navigation WILMINGTON, Del., Sept. 30, 2025 /PRNewswire/ -- Blue Water Venture Partners, LLC ("Blue Water"), an entity affiliated with Joseph Hernandez, the Chairman and Chief Executive Officer of Blue Water Acquisition Corp III ("BWAC III") announced today that it has formally requested approval from the United States District Court for the District of Delaware to consider its unsolicited $10 billion bid for the assets of CITGO Petroleum Corporation. The motion, filed September ...
HF Foods Group Announces Agreement to Acquire Chicago Distribution Facility
Globenewswire· 2025-09-29 12:00
Core Viewpoint - HF Foods Group Inc. has entered into a binding purchase agreement for a distribution facility in Chicago, which is expected to enhance operational efficiency, reduce costs, and support long-term growth [1][2][3] Group 1: Acquisition Details - The acquisition allows HF Foods to exit an existing lease early, improve operating expenses, and invest in the facility to increase capacity and drive consolidation opportunities [2][3] - The facility has been a key part of HF Foods' Midwest distribution strategy, and the company plans to expand its presence in the region over the coming years [3] Group 2: Financial Strategy - HF Foods has established an At-the-Market (ATM) equity offering program to provide liquidity for capital expenditures, acquisitions, and business expansion [1][2] - The ATM program is expected to enhance financial flexibility, enabling the company to pursue similar acquisitions in the future [3] Group 3: Market Positioning - The acquisition is part of HF Foods' ongoing transformation plan aimed at improving operational efficiency and strengthening organic growth through cross-selling opportunities [2][3] - The company aims to deepen its commitment to the Chicago region, which is expected to yield long-term benefits for local restaurant customers by improving operational control and logistics [3] Group 4: Company Overview - HF Foods Group Inc. is a leading distributor of foodservice solutions primarily to Asian restaurants across the United States, leveraging a nationwide network of distribution centers [4]