Lastest from Businesswire

DALLAS--(BUSINESS WIRE)--Generational Group, a leading mergers and acquisitions advisory firm for privately held businesses, is pleased to announce the sale of its client, Leading Edge Associates, Inc. and Leading Edge Aero Technologies, Inc (together, Leading Edge), to Central Garden & Pet (“Central”). The acquisition closed November 6, 2024. Located in Daytona Beach, Florida, Leading Edge is a manufacturer of large commercial drones used for mosquito/vector control, weed control, and prec

MENLO PARK, Calif.--(BUSINESS WIRE)--DCM Ventures, a global early-stage venture capital firm headquartered in Silicon Valley, today announced a change to its investment operations to better serve its limited partners and focus on its core principles of investing in early-stage companies building the future of tech. To that end, DCM is spinning off its pre-seed and seed team into a new, separate firm that General Partner Osuke Honda will lead. The new firm (name to be announced in 2025) will be

OAKLAND, Calif.--(BUSINESS WIRE)-- #CWCI--CWCI explains the growing differential between California workers' comp and Medicare rates for physician and non-physician service fees.

WOBURN, Mass.--(BUSINESS WIRE)--The Savings Bank Mutual Life Insurance Company of Massachusetts (SBLI) is pleased to announce the appointment of Wade Seward as chief distribution officer. In this role, Seward will oversee SBLI's Independent Distribution and Direct Sales efforts and will drive expansion into new broker, partner, and producer opportunities. Seward brings over three decades of experience in the insurance industry and most recently served as head of sales and business development a

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA has upgraded the rating on the Greater Orlando Aviation Authority Airport Facilities Revenue Bonds (Senior Lien) to AA+. The AA+ rating applies to the Airport Facilities Revenue Bonds, Series 2024 (AMT) and parity Senior Lien Bonds. The Authority's Priority Subordinated Airport Facilities Revenue Bonds, Series 2024 (AMT) are assigned a AA rating. The Outlook on both liens is Stable. Key Credit Considerations The rating was assigned because of the following key cr

NORTHBROOK, Ill.--(BUSINESS WIRE)--The Allstate Corporation (NYSE: ALL) announced that Tom Wilson, its Chair, President and Chief Executive Officer, will present at the Goldman Sachs U.S. Financial Services Conference at 7:40 a.m. Central Time on Tuesday, Dec. 10. A webcast of the presentation can be accessed at www.allstateinvestors.com. A replay will also be posted there shortly after the presentation ends. Financial information, including material announcements about The Allstate Corporation

NAPLES, Fla.--(BUSINESS WIRE)--Romanesque Capital Management, LLC (collectively with its affiliates, “Romanesque Capital”), which is a long-term shareholder of Harmonic, Inc. (NASDAQ: HLIT), today issued the following statement regarding its support of a strategic review aimed at a sale to maximize shareholder value: “We have long held high conviction in Harmonic’s market leading products, valuable partnerships and disruptive innovation, having been invested since 2016. Despite these tailwinds,

TAOS, N.M.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas) and Centinel Bank of Taos will award a $30,000 grant to Taos Housing Partnership. Under the Partnership Grant Program, FHLB Dallas member institutions contribute $500 to $5,000 to a nonprofit, which FHLB Dallas matches at a 5:1 ratio to provide up to $25,000 to the organization per member. The awards help promote and strengthen relationships between community-based nonprofits and FHLB Dallas mem

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Calera Capital (“Calera”), a leading middle-market private equity firm, today announced the sale of Arnott Industries (“Arnott”), a leader in automotive suspension technology, to MidOcean Partners. Terms of the transactions were not disclosed. Arnott is a global industry leader in engineering and manufacturing high-quality aftermarket replacement air suspension products and accessories. Over the course of Calera’s investment period, Arnott expanded opera

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean”), a premier New York-based alternative asset manager specializing in middle-market private equity, structured capital, and alternative credit investments, announced today the acquisition of Arnott Industries (“Arnott” or the “Company”). Arnott is a North American and European leader in suspension technologies and a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive afte

CHICAGO--(BUSINESS WIRE)--ProSight Financial Association has announced the results of the fourth annual RMA Chief Risk Officer (CRO) Outlook Survey. ProSight, formed from this year’s merger of RMA (Risk Management Association) and BAI, said the survey reveals a financial services risk management environment that has been affected by the 2023 regional bank crisis as critical risks that preceded the crisis such as cyber, fraud, and third-party risk remain. Conducted in the summer of 2024 in colla

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to two classes of notes issued by volofin Finance (Ireland) Designated Activity Company and volofin Finance US LLC (together, vFin 2024-1), an aviation loan ABS transaction. vFin 2024-1 represents the inaugural aviation loan ABS securitization sponsored and managed by volofin Capital Management Ltd. (volofin or the Company). The volofin platform, founded in 2019, offers financing solutions for aviation investment firms, aircraft lessor

PROVIDENCE, R.I.--(BUSINESS WIRE)--Citizens is pleased to announce the appointment of three key executives to accelerate the bank’s ongoing transformation and commitment to deliver the best experience for customers. Raman Muralidharan has been appointed as the Head of Mortgage, and two accomplished senior executives have been promoted: Adam Boyd to Head of Lending and Nuno Dos Santos to Head of Retail Banking. These leadership appointments will bolster Citizens’ growth plans while enhancing its

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA releases a recap of Informa Connect’s 2024 SuperReturn conferences for Private Equity and Private Credit, held in New York on November 12-13. The conferences were well attended with close to 1,000 registrants, including over 450 general partners and 300 limited partners. Click here to view the report. About KBRA KBRA is a full-service credit rating agency registered in the U.S., the EU, and the UK, and is designated to provide structured finance ratings in Canada

AUSTIN, Texas--(BUSINESS WIRE)--Workday named One Model an innovation partner to help customers understand their workforce information.

PETALUMA, Calif.--(BUSINESS WIRE)-- #business--In honor of Women’s Entrepreneurship Day on November 19, the American Small Business League (ASBL) is spotlighting its Don’t Cheat Women campaign, a groundbreaking initiative to champion women-owned small businesses in federal contracting. This campaign aims to raise the federal contracting goal for women-owned small businesses from a modest 5% to a transformative minimum of 25%, creating significant opportunities and empowering women entrepreneurs across the

IRVING, Texas--(BUSINESS WIRE)-- #affordablehousing--The Federal Home Loan Bank of Dallas (FHLB Dallas), along with eight of its member financial institutions, will award $283,000 in 2024 Partnership Grant Program (PGP) funding to eight Dallas-Fort Worth-area nonprofits during a check presentation and media event on Thursday, November 21. The following nonprofits received grants: BH365 Education Foundation, Dallas: $9,000 Ferguson Road Initiative, Dallas: $30,000 Renaissance Heights Foundation, Fort Worth: $30,000

NEW YORK--(BUSINESS WIRE)--B Capital, a global multi-stage investment firm, today announced the appointment of Timur Akazhanov as General Partner. Mr. Akazhanov will focus on strategic growth equity investments in technology and tech-enabled services companies, leveraging B Capital’s capabilities in scaling and globalizing the next generation of cutting-edge businesses. He will focus on opportunities where B Capital can achieve significant influence or control via acquisition of large stakes in

LOS ANGELES--(BUSINESS WIRE)--The Law Offices of Frank R. Cruz reminds investors of the upcoming January 13, 2025 deadline to file a lead plaintiff motion in the class action filed on behalf of PACS Group, Inc. (“PACS Group” or the “Company”) (NYSE: PACS) investors who purchased: (a) common stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s April 11, 2024 initial public offering (“IPO”

BOSTON--(BUSINESS WIRE)--Veolia North America (VNA), a leading provider of environmental services in the U.S. and Canada, has released its second annual Triple Net Zero Industry Progress Report. The study is based on a comprehensive interview survey of 300 major corporations across 12 industries and 60 countries, assessing the progress made by companies in their journey toward achieving net-zero environmental goals in carbon, water and waste. As global companies face mounting pressure from inve