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Divcon Expands Leadership Team, Workforce, Products to Support AI-Driven Hypergrowth of Data Center Infrastructure

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
DALLAS--(BUSINESS WIRE)--Divcon LLC, a leading independent provider of mission-critical Building Management System (BMS) and Electrical Power Monitoring System (EPMS) solutions, today announced the expansion of its leadership team to support continued growth, operational excellence, and product innovation across the rapidly growing data center market. As AI and cloud adoption accelerates demand for more efficient energy infrastructure, Divcon has reinvested in its people, processes, and platfor

LongRange Capital to Acquire Pizza Hut, Excluding Mainland China, from Yum! Brands

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
STAMFORD, Conn.--(BUSINESS WIRE)--LongRange Capital (“LongRange”), a private equity firm with a customer-centric and operationally-oriented approach to building and growing businesses, announced that it has entered into a definitive agreement to acquire Pizza Hut, excluding Mainland China, from Yum! Brands, Inc. (NYSE: YUM) (“Yum!”). Founded in 1958, Pizza Hut is a global restaurant leader with over 15,500 restaurants in 108 countries and approximately $10 billion in annual system-wide sales. F

Mantis Innovation Acquires E4E Solutions to Accelerate the Design and Implementation of Energy Efficiency Projects Across Client Portfolios

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
HOUSTON--(BUSINESS WIRE)-- #Acquisition--Mantis Innovation, a national leader in facility performance and energy efficiency consulting, today announced its acquisition of E4E Solutions, expanding its ability to design and deliver complex mechanical and energy efficiency projects from concept through implementation. This acquisition strengthens Mantis Innovation’s ability to execute across the full lifecycle of facility and energy initiatives, combining its expertise in building controls, energy efficiency, en

Morningstar Report Finds Semiliquid Fund Market Nears $600 Billion as Private Credit Loses Steam

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
CHICAGO--(BUSINESS WIRE)--Morningstar, Inc. (Nasdaq: MORN), a leading provider of independent investment insights, today released “The State of Semiliquid Funds 2026,” highlighting a rapidly evolving market approaching $600 billion in assets that is entering a new phase as investor demand shifts and key risks become more apparent. The report finds that semiliquid, or “evergreen,” fund assets have more than doubled since 2022, following several years of growth fueled by private credit. More rece

Tru Cooperative Bank Selects DataVisor to Power Real-Time Fraud Prevention

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--DataVisor, the leading AI-powered fraud and AML platform, today announced that Tru Cooperative Bank (formerly First West Credit Union) has selected DataVisor’s AI-powered fraud and risk platform to protect members in real time across the banking journey. Delivered through DataVisor’s pre-integrated deployment with VeriPark’s VeriChannel digital banking platform, the solution brings seamless, out-of-the-box fraud protection to Tru’s digital banking environm

Pennymac Names AWS as Preferred Cloud Provider, Expanding Strategic Agreement to Deploy Enterprise-Grade AI and Commercialize its Servicing Platform

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--PennyMac Financial Services, Inc. (NYSE: PFSI) (Pennymac), one of America's leading U.S. mortgage lenders and servicers, is expanding its strategic agreement with Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), to accelerate its transformation into an AI-driven mortgage technology leader. Building on years of successful collaboration, Pennymac is now leveraging AWS’ generative AI capabilities to upgrade the mortgage applica

Kantata Launches Expertise Agent: The First AI Superagent Built for Professional Services

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
IRVINE, Calif.--(BUSINESS WIRE)--Kantata today introduced Expertise Agent, the industry’s first AI superagent, alongside new agentic capabilities in the Kantata Expertise Engine.

Sagewind Capital Adds Senior Operating Leader Across Its Defense and Government Technology Portfolio

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
NEW YORK--(BUSINESS WIRE)--Sagewind Capital (“Sagewind”), a defense and government technology-focused private equity firm, today announced the appointment of Dalia Khanafseh as Principal, Portfolio Operations. In this newly created role, Khanafseh will work directly alongside the leadership teams of Sagewind’s portfolio companies to support their growth and long-term success. “The missions our portfolio companies support have never been more consequential, and the pace of change in defense and

Uplift Investors’ Orion Legal MSO Forms Partnership with John Foy & Associates

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
DARIEN, Conn.--(BUSINESS WIRE)--Uplift Investors (“Uplift”), a middle-market private equity firm with a business model-centric focus on services investing, today announced that John Foy & Associates will become a co-founding partner of Orion Legal MSO (“Orion”), Uplift’s managed service organization (“MSO”) serving plaintiff law firms. The partnership supports the continued expansion of Orion’s national platform, building on its founding partnership with Dudley DeBosier Injury Lawyers, and

Global Credit Union selects NCR Atleos ATMs to support new Utqiaġvik branch in Alaska’s northernmost city

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
ATLANTA--(BUSINESS WIRE)--NCR Atleos Corporation (NYSE: NATL) (“Atleos”), a leader in expanding self-service financial access for financial institutions, retailers and consumers, today announced that Global Credit Union (“Global”) is deploying Atleos ATMs at its newly established branch in Utqiaġvik, Alaska, the northernmost city in the United States. The deployment supports Global’s presence in the North Slope region of the state and reflects the use of Atleos self‑service banking technology i

Revenue Analytics Launches Commercial Margin Intelligence, the First Commercial Margin Operating System for Industrial Companies

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
ATLANTA--(BUSINESS WIRE)-- #AI--Revenue Analytics launches CMI, the first Commercial Margin Operating System for industrial companies.

Abrams Capital Disposes of Shares of SECURE Waste Infrastructure Corp.

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
BOSTON--(BUSINESS WIRE)--Abrams Capital Management, L.P. (“Abrams Capital”), a holder of common shares (“Common Shares”) of SECURE Waste Infrastructure Corp. (TSX: SES) (“SECURE”), announces that on June 15, 2026, funds managed by it disposed of an aggregate of 11,400 Common Shares on the open market through the facilities of the Toronto Stock Exchange. Prior to the dispositions of Common Shares, Abrams Capital had ownership and control over Common Shares, representing approximately 10% of the

BenefitHub Selects VIVA Finance to Anchor Financial Wellness Offerings on Benefits+ Platform

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
ATLANTA--(BUSINESS WIRE)--VIVA Finance, a leading credit platform for the American workforce, today announced a strategic distribution partnership with BenefitHub, the world’s leading lifestyle benefits portal and discount marketplace. This collaboration names VIVA Finance as the preferred personal loan partner on BenefitHub’s Benefits+ voluntary benefits platform, embedding responsible credit solutions directly into the benefits packages of millions of workers. The milestone partnership signif

Moody’s Brings Its Decision-Grade Intelligence to Amazon Quick

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
NEW YORK--(BUSINESS WIRE)--Moody’s Corporation (NYSE: MCO) today announced that its connected intelligence is now available in Amazon Quick – a personalized, proactive AI assistant – through a dedicated Model Context Protocol (MCP) server. The integration gives customers operating in Amazon Web Services (AWS) direct access to ratings and research from Moody’s Ratings, as well as Moody’s curated data on more than 600 million public and private entities, including firmographics, ownership, financ

U.S. Bank Wealth Management Appoints Daniel Farley Chief Investment Officer

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
MINNEAPOLIS--(BUSINESS WIRE)--U.S. Bank announced today that Daniel Farley, CFA, is its new chief investment officer (CIO) for the Wealth Management Asset Management Group.

EcoOnline and J.S. Held Partner to Strengthen Business Resilience Amid Broadening Workplace Risk

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
LONDON & DALLAS--(BUSINESS WIRE)-- #BusinessResilience--EcoOnline, a leading provider of safety and sustainability software, today announced a global strategic alliance with J.S. Held, a consulting firm specializing in risk advisory and mitigation. The partnership helps organizations strengthen operational visibility and readiness in the face of broadening workplace risk by pairing EHS (environmental, health, and safety), crisis management, and lone worker software with J.S. Held’s field advisory expertise. From ris

SOLVE Redefines Relative Value Analysis for Fixed Income Portfolio Managers and Traders

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
STAMFORD, Conn.--(BUSINESS WIRE)--SOLVE, the leading provider of pre-trade data and predictive pricing for fixed income securities markets, today launched cohort-based Relative Value Analysis, allowing institutional fixed income traders and portfolio managers to evaluate bonds against dynamically defined peer groups and market segments. The rollout broadens the existing platform’s analytical framework, moving beyond isolated bond-to-bond comparisons into a configurable decision-support tool gro

Holistic Planning Selects Altruist as Preferred Custodial Partner, Committing $450 Million in Assets

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
LOS ANGELES--(BUSINESS WIRE)--Altruist, the tech-forward wealth platform for independent advisors, today announced that Holistic Planning, a Texas-based advisory firm with $1.25 billion in assets under management, has selected Altruist as their preferred custodial partner. The firm has committed to moving approximately $450 million in assets to Altruist. Holistic Planning, which has grown its assets by more than 300% over the past two years, selected Altruist for its integrated software, real-t

KnowBe4 Appoints Alex Callihan as Chief Technology Officer

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
TAMPA BAY, Fla.--(BUSINESS WIRE)--KnowBe4, the global leader in digital workforce security, securing both AI agents and humans, today announced the appointment of Alex Callihan as chief technology officer. Callihan has been with the organization for more than nine years as senior vice president of engineering and in his new role will lead innovation of new products, driving the next generation of KnowBe4’s agentic research and development. Callihan brings over 15 years of experience in software

Easterly Clear Ocean Tranche I Delivers Strong Investor Returns Following Strategic Exit of Remaining Vessels

Lastest from Businesswire - Tue, 06/16/2026 - 08:52
BEVERLY, Mass.--(BUSINESS WIRE)--Easterly Clear Ocean (“ECO” or “the Company”), a maritime investment platform and Strategic Partner of Easterly Asset Management, today announced the successful exit of all vessels in its inaugural investment fund, ECO Tranche I. All remaining vessels were sold in Q2 2026 and will be delivered to buyers by Q3 2026. ECO I is expected to achieve an estimated 63% net Internal Rate of Return (IRR) and an estimated 4.25x net multiple at close, subject to final audit

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