News

True Value Company, a hardlines wholesaler, entered into an agreement to sell substantially all of the company’s business operations to home improvement industry peer Do it Best. The company also, with certain of its affiliates, initiated voluntary chapter 11 proceedings.

A new survey from Grant Thornton, a brand of professionals providing end-to-end audit, assurance, tax and advisory services, revealed that, despite a substantial drop in confidence, chief financial officers (CFOs) still anticipate growth.

Gordon Brothers, the global asset experts, has acquired complete 4-cylinder diesel and 3- and 4-cylinder gasoline engine crankshaft machining lines from Stellantis in partnership with NetBid Polska.

SoFi Technologies, a company for digital financial services, entered a $2 billion loan platform business agreement for personal loans with funds managed by affiliates of Fortress Investment Group. The agreement is designed to expand SoFi’s capabilities in its loan platform...

Harmony Healthcare IT, a health data management and platform solutions company, acquired Trinisys, a data management company. Citizens JMP Securities served as exclusive financial advisor to Trinisys in connection with the transaction.

Nearly four out of five (78%) small and mid-sized business owners anticipate revenue growth in the next 12 months, according to Bank of America’s Women & Minority Business Owner Spotlight.

Versant Funding funded a $1.8 million non-recourse factoring transaction to a company that administers group homes for adolescents who are victims of neglect and abuse. This newly formed business has relationships with state and county organizations to house children in...

Middle market transactions are powering a rebound in exits as private equity-backed IPOs track for their best year since 2021, according to a new S&P Global Market Intelligence analysis.

Upstart, an artificial intelligence (AI) lending marketplace, secured a programmatic purchase commitment from funds managed by Blue Owl Capital. Blue Owl’s alternative credit strategy will purchase up to $2 billion of consumer loans on the Upstart platform over 18 months.

Accuride intends to restructure its North American business. To complete the proposed restructuring, certain of Accuride’s U.S. entities filed a voluntary petition for protection under chapter 11 of the U.S. Bankruptcy Code.