The healthcare finance business of CIT, a division of First Citizens Bank, served as lead arranger of $58.9 million in financing for the acquisition of a portfolio of six micro-hospitals. The buyer is a joint venture directed by an affiliate of Rethink Healthcare Real Estate, formerly Seavest Healthcare Properties.
PNC Financial Services Group acquired Linga, a point of sale and payments solutions firm providing a cloud-based restaurant operating system. Linga will continue to manage its portfolio of channel partners and clients.
Matrix Capital Markets Group, an independent investment bank, advised Tidewater Convenience and its affiliates on the sale of the company’s 14 company-operated petroleum marketing and convenience retail stores and one company-owned commission marketer location to Global Partners.
ARS Recycling Systems completed the acquisition of Ernest Industries. ARS is a portfolio company of Ironwood Capital. Ernest Industries is a fabricator of short load concrete mixers and road stripping machines.
Oxford Industries completed the acquisition of Johnny Was, a California-based affordable luxury, modern bohemian lifestyle apparel brand, for $270 million. The company is also increasing its guidance for the third quarter and full year of fiscal 2022.
Allegiance Bancshares, the holding company of Allegiance Bank, and CBTX, the holding company of CommunityBank of Texas, received receipt of regulatory approval from the board of governors of the Federal Reserve System to complete the previously announced merger of equals.