Recent Transactions
JEMS of Litchfield has been acquired by an affiliate of Lock Joint Tube
JEMS of Litchfield has been acquired by an affiliate of Lock Joint Tube THE TRANSACTION JEMS of Litchfield, Inc. (“JEMS”), a leading supplier of trailer hitch receivers, towing components and hitch assemblies to automotive OEMs and aftermarket suppliers to the automotive, RV, and off-highway vehicle markets, has been acquired by an affiliate of Lock Joint…
Read MoreCommodore Financial Network, Inc. has been acquired by North Valley Bancshares, Inc.
Commodore Financial Network, Inc. has been acquired by North Valley Bancshares, Inc. THE TRANSACTION On February 26, 2024, North Valley Bancshares, Inc., (“NVBI”) the parent company of North Valley Bank, Zanesville, Ohio, and Commodore Financial Network, Inc., (“CFNI”) the parent company of Commodore Bank, Somerset, Ohio, announced that the two organizations have signed a definitive…
Read MoreBeacon Credit Union to Acquire Mid-Southern Savings Bank
Beacon Credit Union to Acquire Mid-Southern Savings Bank THE TRANSACTION On January 25, 2024, Beacon Credit Union and Mid-Southern Bancorp, Inc. (“Mid-Southern Bancorp”) (OTCQX: MSVB), the holding company for Mid-Southern Savings Bank, FSB (“Mid-Southern Bank”), announced today that Beacon Credit Union, Mid-Southern Bancorp and Mid-Southern Bank have signed a definitive purchase and assumption agreement whereby…
Read MoreQualCast has been acquired by Melling Tool Company
QualCast has been acquired by Melling Tool Company THE TRANSACTION QualCast, LLC (“QualCast”), a worldwide provider of aftermarket valvetrain and other engine components, has been acquired by Melling Tool Company (“Melling”), a leading full-service manufacturer and supplier of performance defining engine components to the automotive aftermarket, the high-performance enthusiast market, and automotive OEMs. QualCast provides…
Read MoreCommunity Unity Bank has Completed its $28.6 Million Initial Offering of Common Stock
Community Unity Bank has Completed its $28.6 Million Initial Offering of Common Stock THE TRANSACTION On November 13, 2023, Community Unity Bank (the “Bank” or “CUB”) completed its initial common stock offering raising $28.6 million in gross proceeds. The offering size exceeded the $25 million minimum capital raise under the terms of the offering. CUB,…
Read MoreCloyes Acquisition of Rotomaster
Cloyes Acquisition of Rotomaster THE TRANSACTION On October 30, 2023, Cloyes Gear & Products, Inc. (“Cloyes”), the global leader and designer of mission-critical timing drive systems and components for the automotive aftermarket, announced the acquisition of Rotomaster, a leading global turbocharger and component specialist. The acquisition is supportive of Cloyes’ long-term strategy to continue its…
Read MoreDFCU Financial to Acquire Two Florida Branches of MidWestOne Bank
DFCU Financial has Acquired Two Florida Branches of MidWestOne Bank THE TRANSACTION On September 25, 2023, The Boards of Directors of DFCU Financial (“DFCU”) and MidWestOne Financial Group, Inc. (Nasdaq:MOFG), the holding company for MidWestOne Bank, announced that they have signed a definitive agreement for DFCU to acquire the Naples and Fort Myers banking operations…
Read MoreIndustry Products Company has been acquired by VisTech Manufacturing Solutions
Industry Products Company has been acquired by VisTech Manufacturing Solutions THE TRANSACTION On July 3, 2023, Industry Products Company (“IPC”), a North American supplier of interior trim and noise, vibration, and harshness (“NVH”) components primarily to automotive OEMs, announced that it has been acquired by VisTech Manufacturing Solutions (“VisTech”), an NVH solutions provider to the…
Read MoreAssets of Bolta US Ltd. acquired by SMP Automotive Systems Alabama Inc.
Assets of Bolta US Ltd. acquired by SMP Automotive Systems Alabama Inc. THE TRANSACTION On April 17, 2023, Samvardhana Motherson International Limited (“Motherson”) acquired substantially all the assets of Bolta US Ltd. (“Bolta US”) through an indirect, wholly-owned subsidiary. Bolta US is a leading manufacturer of chrome plated interior and exterior plastic components for the…
Read MoreExchange State Bank Corp. Announces Merger with Thumb Bancorp, Inc.
Exchange State Bank Corp. Announces Merger with Thumb Bancorp, Inc. THE TRANSACTION On August 29, 2022, Exchange State Bank Corp. (“Exchange”), the bank holding company for Exchange State Bank, announced the signing of an agreement and plan of reorganization with Thumb Bancorp, Inc. (“Thumb”), the bank holding company for Thumb Bank & Trust. The agreement…
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