Latest Corporate News
Cintas Acquires UniFirst in $5.5 Billion Deal
Cintas successfully acquired UniFirst for approximately $5.5 billion on its third attempt after failed bids in 2022 and 2025. The deal includes a $350 million reverse termination fee to protect UniFirst if blocked by regulators and expects $375 million in cost savings within four years.
Combined, they strengthen uniforms, workwear, and safety services across North America.
Butler National Corporation Reports Record Q3 FY2026 Results
Butler National announced third quarter fiscal 2026 results with revenue up 27% to $26.9 million and net income up 98% to $6.7 million. Aerospace Products segment revenue surged 50% to $17.1 million, driven by aircraft modifications and special mission electronics.
The company repurchased 222,168 shares and invested $1.6 million in new products.
Imperial Dade and BradyPLUS Complete Merger
Imperial Dade and BradyPLUS closed their merger, creating a leading North American distributor of JanSan, foodservice, and packaging products. The deal enhances scale, geographic reach, and customer solutions with complementary strengths.
Shareholders including Bain Capital, Kelso, and FEMSA retain board representation.
Associated Banc-Corp Receives Approvals for American National Acquisition
Associated Banc-Corp secured all regulatory approvals for its merger with American National Corporation, expecting closure on April 1, 2026. The deal expands into Omaha and Twin Cities markets while maintaining local service.
Customer systems conversion is planned for Q3 2026.
Alexander & Baldwin Taken Private in $2.3 Billion Deal
Alexander & Baldwin completed its $2.3 billion take-private transaction by MW Group, Blackstone, and DivcoWest, with shareholders receiving $20.85 net per share. The deal followed approval on March 9, 2026, and original announcement in December 2025.
NYSE trading has ceased as the company goes private.
Doeren Mayhew Acquires Berman Hopkins Accounting Firm
Doeren Mayhew acquired Berman Hopkins, marking its second Florida deal and eighth in the Southeast to expand accounting, tax, and advisory services. Berman Hopkins will operate under Doeren Mayhew's alternative practice structure.
The move targets high-growth markets.
Blackstone Acquires Majority Stake in Advanced Cooling Technologies
Blackstone acquired a majority stake in Advanced Cooling Technologies, advised by Kirkland & Ellis. The deal positions Blackstone in advanced cooling solutions amid growing demand.
Details on valuation and terms were not disclosed.
Global Firms Reaffirm Commitment to Gulf Markets Amid War
Companies like Bloomberg and Deloitte expressed confidence in Gulf markets despite Middle East war disruptions. Bloomberg highlighted the region's vital role in future finance with hubs in UAE and Saudi Arabia.
Deloitte confirmed full operations thanks to regional leadership.
Trump Administration Launches Section 301 Probes on 16 Trading Partners
The US initiated Section 301 investigations into 16 trading partners over excess capacity in aluminum, semiconductors, and batteries. Public comments are due by April 15, signaling new tariff tools.
Tensions have not impacted international tax talks.
FEMSA Retains Stake in Imperial Dade-BradyPLUS Merger
FEMSA was represented by Cleary Gottlieb in the BradyPLUS-Imperial Dade merger, retaining 19% ownership and board seat. The all-equity deal closed March 12, 2026, after announcement in August 2025.
It bolsters North American distribution capabilities.
Middle East War Triggers Historic Oil Supply Disruptions
The ongoing Middle East war has caused the biggest oil supply disruption in history, with oil prices surging past $100. Iranian strikes on energy infrastructure are rattling global markets.
This exacerbates corporate supply chain concerns worldwide.