Flushing Financial and Empire Bancorp will not exercise their respective rights to terminate their previous merger agreement and are engaged in discussions for a longer-term extension of time to complete the merger.
Rally Capital Advisors, a middle market financial and transaction advisory firm, sold substantially all of the assets of Arlington Plating Company to Garth Davies, owner of Midwest Rustproofing and Enameled Steel.
According to a report from Baker Tilly and Mergermarket, dealmakers expect that many will scale back M&A during the rest of 2020, although private capital is tapped to remain active as investors look to deploy cash reserves.
PrimeArc Capital’s group of managers, led by Bud Crawford, CEO, and David Ebinger, COO, completed a management buyout of the company in an all cash transaction. In addition, Crawford and Ebinger founded Coeur Capital. Coeur Capital was set up to purchase the assets of PrimeArc.
Equifax acquired Ansonia Credit Data, a provider of business credit, collections and accounts receivable data used by financial institutions and other creditors and businesses focused on the transportation and logistics industries.
Varagon Capital Partners is serving as administrative agent, lead arranger and bookrunner on a senior secured credit facility to support the acquisition of Consolidated Label Co. by Tenex Capital Management.
Banner Corporation, the parent company of Banner Bank and Islanders Bank, intends to merge Islanders Bank with and into Banner Bank, subject to regulatory approval. The integration is expected to be complete in Q1/21.