Streetbeat News

Acquisitions Mergers

FTDR

Frontdoor Inc. (FTDR) announced its acquisition of 2-10 Home Buyers Warranty for $585 million in cash. The deal is expected to close in Q4. 2-10 Home Buyers Warranty reported $198 million in revenue for 2023.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:33 am

JOBY

Joby Aviation has acquired the autonomy division of Xwing, a developer of aviation autonomous technology. This acquisition is expected to enhance Joby's capabilities in autonomous flight technology.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:10 am

EVH

Evolent Health (EVH) announced its acquisition of certain assets of Machinify and an exclusive, perpetual, and royalty-free license of Machinify Auth. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:05 am

ALLE

Allegion has acquired Krieger Specialty Products LLC, a manufacturer of special purpose doors and windows for industrial, commercial, and institutional markets. The terms of the deal were not disclosed. Krieger will operate under the Allegion Americas segment.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 11:01 am

ENSG

Ensign Group has acquired two skilled nursing facilities: a 32-bed facility in Gilbert, Arizona, and a 58-bed facility in Aurora, Colorado. The real estate was acquired by Standard Bearer Healthcare REIT, Inc., Ensign's captive real estate company. The acquisitions were effective as of June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 10:03 am

CCL

Carnival Corporation announced a strategic merger of P&O Cruises Australia into Carnival Cruise Line by 2025. This move aims to boost capacity and optimize the company's brand portfolio, creating operational efficiencies.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:32 am

CTRE

CareTrust REIT, Inc. (NYSE:CTRE) has funded $90 million of a senior mortgage loan for the acquisition of an 8-facility skilled nursing portfolio in the Southeastern United States. The portfolio includes 1,011 skilled nursing beds and 150 assisted living beds, and operations were taken over by a regional healthcare real estate owner on June 1, 2024.

Portfolio Pulse from Benzinga Newsdesk

June 04, 2024 | 7:30 am

WPC

W. P. Carey has announced that its investments and commitments total approximately $700 million year-to-date. The company has also acquired three properties in Arizona, including a Class-A distribution center for $40 million and two fitness facilities for $28 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 10:04 pm

FANG

Diamondback Energy's joint venture, Deep Blue, has acquired Lagoon Operating – Midland, LLC to enhance its sustainable water management capabilities in the Midland Basin. The terms of the deal were not disclosed.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:51 pm

IR

Ingersoll Rand has acquired Complete Air And Power Solutions, Del PD Pumps & Gear, and Fruvac for a combined purchase price of approximately $150 million.

Portfolio Pulse from Benzinga Newsdesk

June 03, 2024 | 8:33 pm