Latest Corporate News
The Baldwin Group and CAC Complete $1.03bn Merger
The Baldwin Group, an independent insurance brokerage, and CAC Group have finalized their $1.03 billion merger, creating one of the largest U.S. independent insurance platforms with projected 2026 gross revenue over $2 billion and adjusted EBITDA of $470 million. The deal combines CAC’s specialty expertise in areas like natural resources and cyber with Baldwin’s distribution platform, aiming to enhance reinsurance and technology capabilities.
Total consideration includes $438 million cash, stock valued at $589 million, plus potential earnouts up to $250 million.
PROG Holdings Completes $420m Acquisition of Purchasing Power
PROG Holdings has acquired Purchasing Power for $420 million in cash to bolster its flexible payment solutions in fintech. Purchasing Power serves seven million U.S. employees with over 70,000 financial wellness products via payroll deduction.
The acquisition expands PROG's portfolio alongside brands like Progressive Leasing and enhances its partner network in near- and sub-prime markets.
Jacobs to Acquire Remaining Stake in PA Consulting
Engineering firm Jacobs (NYSE: J) has agreed to acquire the remaining stake in innovation consultancy PA Consulting. This move strengthens Jacobs' position in transformation and advisory services.
Details on valuation and timeline were not specified in announcements.
Cozen O'Connor Finalizes Merger with Moss & Barnett
Am Law 100 firm Cozen O'Connor has completed its merger with Minneapolis-based Moss & Barnett, adding over 50 attorneys and expanding to 1,000+ total across 35 offices. The deal bolsters practices in regulatory, transactional, real estate, and finance in the Midwest.
Key partners like Grogan and Gustin join as shareholders.
SHINE Completes Acquisition of Lantheus SPECT Business
SHINE Technologies has acquired Lantheus' SPECT business, including a Massachusetts manufacturing facility and radiopharmaceutical portfolio, entering the $19 billion nuclear medicine market. Michael Rossi named CEO of SHINE SPECT USA to lead integration and growth.
The deal adds immediate revenue, manufacturing expertise, and customer relationships.
WiseTech Ordered to Divest Expedient After ACCC Probe
WiseTech must divest its Expedient acquisition following investigation by Australia's ACCC under the new merger regime effective January 1, 2026. The decision addresses competition concerns in logistics software.
Parties must now notify ACCC for qualifying mergers.
Trump Pushes U.S. Oil Firms for Venezuela Access Post-Maduro Ouster
President Trump stated U.S. oil companies want 'total access' to Venezuela's oil industry after Nicolas Maduro's ouster and custody in New York. Discussions highlight potential production ramps adding 1.5-2.5 million barrels daily to global output.
Geopolitical risks and energy market impacts are under investor scrutiny.
BasePoint Capital Acquires International Personal Finance for ÂŁ543m
BasePoint Capital is acquiring International Personal Finance in a recommended ÂŁ543 million cash deal, advised by White & Case. The transaction targets expansion in personal finance services.
Completion details pending regulatory approvals.
ServiceNow in Talks for $7B Armis Acquisition Amid 2026 Predictions
ServiceNow is pursuing a $7 billion deal for cybersecurity firm Armis, signaling big tech M&A in enterprise software. Analysts predict a wave of multi-billion dollar health system mergers in 2026 alongside rural hospital challenges.
The deal could reshape cybersecurity integrations.
EU Urges International Law Respect in Vague Trump Venezuela Plans
EU calls for adherence to international law as Trump administration lacks details on 'running' Venezuela amid Maduro's fall. This impacts corporate strategies in Latin American energy and trade.
Protests seek economic relief amid threats.
Investors Assess Geopolitical Fallout on Global Energy Markets
Bloomberg analysis weighs Venezuela crisis effects, with Trump-Iran threats and oil focus ahead of Asian trading. Prestige Economics highlights risks to energy markets from U.S. actions in Latin America.
Oil prices hover amid production potential surges.