News

The Federal Reserve Open Market Committee decided to lower the target range for the federal funds rate by half a percentage point, to a rate of 1% to 1.25%.

Nautic Partners has completed the acquisition of Harrington Industrial Plastics in partnership with Harrington management._x000D_ _x000D_

SC&H Capital’s team served as the exclusive, court-approved investment banker to secure a buyer for Cardinal Homes. _x000D_ _x000D_

Jodi L. Lashin has joined Blank Rome’s New York office as a partner in the Corporate, M&A, and Securities group.

Soltage raised a $142 million senior construction-to-term credit facility with Fifth Third Bank.

Online lending startup Oriente has secured a $20 million debt funding facility from multi-asset investment firm Silverhorn Group.

Comvest Credit Partners acted as administrative agent and lender in providing a $92.2 million senior secured credit facility to Cassavant Holdings.

One of Palladium Equity Partners’ affiliated private equity funds has acquired ALC Schools and Red Rock Technology, a mission-driven provider of alternative transportation solutions to school districts in the U.S. from affiliates of American Logistics.

KPMG in the U.S. has elected Paul Knopp to serve as its next chair and chief executive officer for a five-year term beginning July 1, 2020.

Endeavor Bank closes its secondary capital offering with $7,923,109 in new capital, which reflects an oversubscription to the previously announced range of $6 million to $7.5 million.