Feed aggregator
Lovell Minnick Partners Announces Acquisition of Fintech Firm Merchant Industry; Appoints Vaden Landers as CEO
PHILADELPHIA & LOS ANGELES & NEW YORK--(BUSINESS WIRE)--Merchant Industry, LLC (“MI”, or “Company”) a fintech company operating successfully within the merchant acquiring landscape, today announced a majority acquisition by funds managed by Lovell Minnick Partners (“LMP”), a private equity firm focused on investments in financial services, business services, and financial technology companies. The MI founders will maintain a substantial minority equity stake in the go forward business, while th
Navy Federal Credit Union’s Cost of Car Ownership (COCO) Index Reports Ownership Costs Rising Close to Record High
VIENNA, Va.--(BUSINESS WIRE)--Navy Federal Credit Union today released its latest Cost of Car Ownership (COCO) Index, a resource designed to help consumers better understand the changes in costs of vehicle ownership, including costs like gas, insurance, repairs and purchase prices. From January 2020 to August 2025, car ownership costs — as measured by the COCO Index — have surged by 40.59%, outpacing the 24.79% rise in overall consumer prices (the Consumer Price Index) during the same period. M
MNTN Agency-Led Accounts Grow 4x in 2025 as Demand for Performance TV Surges
NEW YORK--(BUSINESS WIRE)--MNTN (NYSE: MNTN), the technology platform that brings performance marketing to Connected TV, today announced that agency-led accounts on its platform have quadrupled in the past year, marking a key milestone in its mission to continue to democratize TV advertising. As more brands turn to Connected TV for measurable business outcomes, MNTN’s agency ecosystem has become a powerful driver of platform growth, expanding access to Performance TV for a new generation of adv
The RMR Group Announces Executive Leadership Promotions
NEWTON, Mass.--(BUSINESS WIRE)--The RMR Group (Nasdaq: RMR) today announced executive leadership promotions, effective October 1, 2025: Matt Jordan is being promoted to Chief Operating Officer. Mr. Jordan will continue to focus on RMR’s capital formation and strategic growth initiatives, while also continuing to oversee many of RMR’s shared service functions and operating platforms. Matt Brown is being promoted to Executive Vice President and will succeed Mr. Jordan as Chief Financial Officer a
Emerald Holding, Inc. Appoints Vincenzo DiMaggio Chief Accounting Officer
NEW YORK--(BUSINESS WIRE)--Emerald Holding, Inc. (NYSE: EEX) a leader in building dynamic, market-driven business-to-business (B2B) events and media platforms, today announced the appointment of Vincenzo (“Vince”) DiMaggio as Chief Accounting Officer. In his new role, Vince brings more than 25 years of accounting leadership across both public and private companies. Most recently, he was SVP and Chief Accounting Officer at Stagwell Global, where he oversaw global accounting, reporting, and compl
Prometheus Group Unveils GWOS-AI: Transforming Maintenance Planning and Scheduling with Artificial Intelligence
RALEIGH, N.C.--(BUSINESS WIRE)--Prometheus Group, a global leader in enterprise asset management (EAM) software, today announced the launch of GWOS-AI, a breakthrough artificial intelligence-powered planning and scheduling solution. Designed to help maintenance organizations eliminate inefficiencies, onboard talent quickly, upskill planners, improve accuracy, and accelerate decision-making, GWOS-AI brings over 20 years of real-world maintenance data into every schedule. With GWOS-AI, maintenanc
Entrepreneurs Strengthen Wealth Corridors as Globalization Enters New Phase
NEW YORK--(BUSINESS WIRE)--Entrepreneurs are seizing global opportunities and leveraging international wealth corridors as globalization enters a new phase, according to research from HSBC Private Bank. The Global Entrepreneurial Wealth Report 2025 found a decisive shift in cross-border wealth flows among entrepreneurs globally: 59% are diversifying wealth internationally; 57% are considering a personal move abroad; and 49% are planning to expand their business into new markets. The report reve
Avenue Sports Fund Closes on Over $1 Billion
NEW YORK--(BUSINESS WIRE)--Avenue Capital Group, a global asset management firm, announced the final closing of the Avenue Sports Fund1 with over $1 billion of capital commitments. Launched in November 2023, the Avenue Sports Fund focuses on investment opportunities providing debt and equity capital to a wide variety of sports teams, leagues and sports-adjacent businesses across established leagues, emerging leagues and women’s sports. The investments in the Fund draw on the leadership of Avenu
WaterBridge Announces Launch of $1,400,000,000 Offering of Senior Notes
HOUSTON--(BUSINESS WIRE)--WaterBridge Infrastructure LLC (NYSE: WBI; NYSE Texas: WBI) (“WaterBridge” or the “Company”) announced today that WBI Operating LLC, a subsidiary of the Company, subject to market conditions, intends to offer $1.4 billion in aggregate principal amount of senior notes in two series (the “Notes”) in a private placement to eligible purchasers. WaterBridge intends to use the net proceeds from the offering of the Notes, together with cash on hand, to repay all outstanding b
dMY Squared Securities Expected to Begin Trading on OTC Markets on September 30, 2025
LAS VEGAS--(BUSINESS WIRE)--dMY Squared Technology Group, Inc. (“dMY Squared”) (NYSE American: “DMYY”, “DMYY.U” and “DMYY.WS”), a publicly traded special purpose acquisition company, announced today that effective as of market open on September 30, 2025 its securities are expected to begin trading on the OTC markets following the completion of NYSE American’s 36-month period for special purpose acquisition companies. “This transition provides continued liquidity and trading access for sharehold
Ellington Financial Announces Proposed Offering of Senior Unsecured Notes
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Financial Inc. (NYSE: EFC) (the “Company”) today announced that it plans to offer $400 million in aggregate principal amount of senior unsecured notes due 2030 (the “Notes”) through certain of its subsidiaries (such subsidiaries, the “Issuers”). The Notes will be senior unsecured obligations of the Issuers and will be fully and unconditionally guaranteed by the Company. The Company expects to use the net proceeds from the offering for general cor
Member Loyalty Group Names Drew Wolff as Treasurer of the Board
VERNON HILLS, Ill.--(BUSINESS WIRE)--Member Loyalty Group, a provider of member experience analytics and strategic support exclusively for credit unions, has announced the appointment of Drew Wolff to its Board of Directors, where he will also serve as Treasurer. Wolff brings more than 25 years of global financial leadership experience across the financial services, consumer and nonprofit sectors. Wolff currently serves as Executive Vice President and Chief Financial Officer at BECU, one of the
Global Payments Announces Board Additions to Enhance Shareholder Value Creation
ATLANTA--(BUSINESS WIRE)--Global Payments Inc. (NYSE: GPN), a leading worldwide provider of payment technology and software solutions, today announced the appointment of Patricia “Patty” Watson and Archana “Archie” Deskus as independent Board directors, effective immediately. Both Mses. Watson and Deskus possess deep financial technology and payments industry expertise. In addition, the Board of Directors has agreed with Elliott Investment Management L.P. (“Elliott”) to appoint an additional mu
AI Search Optimization for Financial Services: Gregory FCA Launches Gregory Influence Engine
PHILADELPHIA--(BUSINESS WIRE)--Gregory Influence Engine designed to put Financial Services firms in control of AI Search.
LiaFi Partners With MX to Help Small Businesses Earn More on Idle Cash
ELIZABETHTOWN, Ky.--(BUSINESS WIRE)--LiaFi, a financial technology platform built to help small business owners earn more on idle cash and monitor their businesses’ cash flow, today announced a partnership with MX Technologies, Inc. to expand secure account connectivity to support LiaFi’s cashflow management tools. Backed by Magnolia Bank, a community-focused institution founded in 1919 with $500 million in assets, LiaFi is designed to give entrepreneurs a simple way to keep their money working
Zyxel Networks Expands Portfolio of WiFi 7 Access Points for Small Businesses
ANAHEIM, Calif.--(BUSINESS WIRE)-- #MSP--Zyxel Networks announces the launch of four new business-class WiFi 7 access points for small businesses.
Secured Finance Network Releases Factoring Survey
NEW YORK--(BUSINESS WIRE)--The Secured Finance Network (SFNet), an international trade association connecting the interests of companies and professionals who deliver and enable secured financing to businesses, has released results of its mid-year factoring survey, which found an increase in factoring volume during the first half of 2025 despite broader economic challenges. The U.S. economy grew 3.3% in the second quarter, but much of that was due to a tariff-driven imports swing, with core gro
Ares Management Acquires Meade Pipeline to Enhance Energy Infrastructure Portfolio
NEW YORK--(BUSINESS WIRE)--Ares Management Corporation (NYSE: ARES) (“Ares”), a leading global alternative investment manager, announced today that funds led by its Infrastructure Opportunities strategy (the “Ares funds”) have acquired 100% of the equity interests in Meade Pipeline Co LLC (“Meade”) from affiliates of XPLR Infrastructure, LP (“XPLR”), a leading independent power producer formed by NextEra Energy, Inc. (“NextEra”). The investment represents a total cash consideration of approxima
MultiBank Group Strengthens UAE Footprint with New Office in Abu Dhabi
DUBAI, United Arab Emirates--(BUSINESS WIRE)-- #multibankgroup--MultiBank Group, the world’s largest financial derivatives institution headquartered in Dubai, has announced the opening of its new office in Abu Dhabi, expanding its network to 26 locations. The move strengthens the Group’s trajectory in the Middle East and aligns with the UAE’s vision to be recognised as a world-class financial powerhouse. This new hub represents a key step in MultiBank Group’s regional strategy, strengthening its position in a hi
Mundial Media Bolsters Leadership Team with New Hires from Yahoo, My Code, & Raymond James
LOS ANGELES--(BUSINESS WIRE)--Mundial Media, a leading contextual marketing platform specializing in multicultural audiences, today announced the appointment of five senior executives to its leadership team. These new hires include seasoned professionals in sales, sales enablement, business development, and financial operations, bringing with them deep expertise from digital media, multicultural marketing and organizational growth. “As we scale our AI-powered contextual advertising platform for
