Recent Transactions
Business Alliance Financial Services, LLC has been acquired by RSJ Business Partners, LLC
Business Alliance Financial Services, LLC has been acquired by RSJ Business Partners, LLC THE TRANSACTION On April 30, 2025, Business Alliance Financial Services, LLC (“BAFS”), headquartered in Monroe, LA, and RSJ Business Partners, LLC (“RSJ”), located in Monroe, LA signed a definitive agreement whereby RSJ will acquire all equity interests of BAFS. The transaction closed…
Read MoreState Bank of Medora has agreed to be acquired by New Independent Bancshares, Inc.
State Bank of Medora has agreed to be acquired by New Independent Bancshares, Inc. THE TRANSACTION On July 16, 2025, New Independent Bancshares, Inc. (“New Independent”), the parent company of The New Washington State Bank (“NWSB”), headquartered in Charlestown, IN, and State Bank of Medora, located in Medora, IN, jointly announced the signing of a…
Read MoreHCI Equity Partners has sold TSM Corporation to Walor North America, a subsidiary of FerrAl United and portfolio company of Mutares
HCI Equity Partners has sold TSM Corporation to Walor North America, a subsidiary of FerrAl United and portfolio company of Mutares THE TRANSACTION On June 17, 2025, HCI Equity Partners sold its portfolio company, TSM Corporation, a leading manufacturer of precision machined components and value-added assemblies, to Walor North America, a subsidiary of FerrAl United…
Read MoreRio Financial Services, Inc. to Acquire Lone Star Capital Bank, N.A.
Rio Financial Services, Inc. to Acquire Lone Star Capital Bank, N.A. THE TRANSACTION On February 20, 2025, Rio Financial Services, Inc. the parent company of Rio Bank, headquartered in McAllen, Texas, and Lone Star Capital Bank (”Lone Star”), headquartered in San Antonio, Texas, jointly announced the signing of a definitive agreement providing for the merger…
Read MoreGogebic Range Bank has agreed to be acquired by Zeal Credit Union
Gogebic Range Bank has agreed to be acquired by Zeal Credit Union THE TRANSACTION On December 30, 2024, Livonia, Michigan-based Zeal Credit Union (“ZCU”), and Ironwood, Michigan-based Gogebic Range Bank (“GRB”), a subsidiary of West End Financial Corp (“WEFC”) announced that ZCU will purchase all of the assets and liabilities of GRB. Upon the completion…
Read MoreGTSB Financial, Inc. has Completed its Initial Common Stock Offering
GTSB Financial, Inc. has Completed its Initial Common Stock Offering THE TRANSACTION On December 18, 2024, Traverse City-based GTSB Financial, Inc. (“GTSB”), a locally-owned and managed Bank Holding Company, completed its initial common stock offering, raising $19.7 million in gross capital exceeding the minimum offering amount of $14.5 million. Previously on October 30, 2024, GTSB…
Read MoreDFCU Financial Has Agreed to Acquire Winter Park National Bank
DFCU Financial Has Agreed to Acquire Winter Park National Bank THE TRANSACTION On November 8, 2024, DFCU Financial, one of Michigan’s largest and most trusted credit unions, announced its intent to acquire Winter Park National Bank (“WPNB”), a well-established financial institution based in Winter Park, FL. This acquisition marks DFCU Financial’s third transaction within the…
Read MoreGTSB Financial, Inc. has Become a Bank Holding Company and has Acquired the First State Bank of Decatur
GTSB Financial, Inc. has Become a Bank Holding Company and has Acquired the First State Bank of Decatur THE TRANSACTION On October 30, 2024, Traverse City-based GTSB Financial, Inc. (“GTSB”), a locally-owned and managed Bank Holding Company, completed its acquisition of First State Bank of Decatur (the “Bank”). In early 2025, GTSB and the Bank…
Read MoreThe Shyft Group Has Acquired Independent Truck Upfitters
The Shyft Group Has Acquired Independent Truck Upfitters THE TRANSACTION On July 25, 2024, The Shyft Group, Inc. (“Shyft”), the North American leader in specialty vehicle manufacturing, assembly, and upfit for the commercial, retail, and service markets, announced it acquired Independent Truck Upfitters (“ITU”), a leading vocational service body upfitter based in the Midwest. The…
Read MoreGlobal Enterprises has been acquired by OKE Group GmbH
Global Enterprises has been acquired by OKE Group GmbH THE TRANSACTION On July 1, 2024, Global Enterprises (“Global” or “the Company”), a leading manufacturer of technical extruded profiles and other seating and interior assemblies for the global automotive industry, was acquired by OKE Group GmbH (“OKE”). The transaction strengthens OKE’s presence in Eastern Europe and…
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