Tag: Mergers and Acquisitions
Bank of Southern California NA Completes Acquisition of Americas United Bank
SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A., San Diego (OTC Pink: BCAL / OTCMKTS:BCAL) announced today the completion of its acquisition of Americas United Bank (OTC Pink: AUNB), effective July 31, 2018. Americas United Bank had total assets of approximately $231 million as of June 30, 2018.
EPIC adds Lou D’Agostino as a Principal in New York serving the Financial Services Industry
NEW YORK, N.Y. /ScoopCloud/ -- EPIC Insurance Brokers & Consultants today announced that risk management and insurance brokerage veteran Lou D'Agostino and his Iron Cove Partners team have joined the firm. D'Agostino has over 17 years of insurance brokerage experience with an expertise in serving the Financial Services industry.
Deacon Jones Acquires Dan Wise Chevrolet of La Grange Dealership
LA GRANGE, N.C. /ScoopCloud/ -- Deacon Jones will be acquiring the Dan Wise Chevrolet of La Grange dealership beginning on March 1, 2018. Johnathan Johnson will be the new General Manager and the location of the new Deacon Jones Chevrolet of La Grange will be 6595 US Highway 70 West, La Grange, NC 28551.
Bank of Southern California N.A. and Americas United Bank Announce Agreement to Merge
SAN DIEGO, Calif. /ScoopCloud/ -- Bank of Southern California, N.A. (OTC Pink:BCAL / OTCMKTS:BCAL) and Americas United Bank (OTC Pink:AUNB), today announced the signing of a definitive agreement and plan of merger (the "Agreement") whereby Americas United Bank will merge with and into Bank of Southern California. The merger is subject to customary closing conditions, including the receipt of all regulatory approvals and the approval of the shareholders of AUB and BCAL, and is expected to close in Q3 2018.
JenCap Holdings LLC to Acquire Genesee General, a Specialty Insurance Business
ALPHARETTA, Ga. /ScoopCloud/ -- JenCap Holdings LLC (JCH), a specialty insurance business, announced today that it has agreed to acquire privately-held Genesee General, a managing general agency, program administrator and wholesale insurance broker based in Alpharetta, Georgia. The transaction is expected to close in January 2018. Financial terms were not disclosed.
NIF Group, Inc. Acquires Agency Intermediaries, Inc.
MANHASSET, N.Y. /ScoopCloud/ -- NIF Group, Inc., a leading wholesale broker, program administrator and managing general agency and their parent company, JenCap Holdings LLC announces that they have agreed to acquire privately held Agency Intermediaries, Inc. and A.I.I. Insurance Brokerage of Mass., Inc. (A.I.I.). Both affiliated entities serve as MGA/contract binding authorities and wholesale insurance brokerages, respectively located in Guilford, Connecticut and East Douglas, Massachusetts.
Mid America Mortgage to Purchase Assets from Two Oklahoma Lenders
ADDISON, Texas /ScoopCloud/ -- Mid America Mortgage, Inc. announced it has signed a letter of intent to purchase the assets of Oklahoma City-based American Southwest Mortgage Corp. and an affiliated firm, American Southwest Mortgage Funding Corp. As part of the agreement, Mid America will incorporate American Southwest's operations into Mid America's mortgage platform and secure an interest in their respective pipelines and select assets. Further, Mid America will also offer employment to loan production staff members from each organization.
After 139 Years of Operations as Frenkel and Company, Venerable NY Insurance Broker Elects to Join EPIC
NEW YORK, N.Y. /ScoopCloud/ -- Frenkel & Company, one of the nation's most respected full-service independent insurance brokers and EPIC Insurance Brokers & Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces.
JenCap Holdings Acquires Special Risks Facilities
NEW YORK, N.Y. /ScoopCloud/ -- JenCap Holdings LLC announced today that it has agreed to acquire privately held Special Risks Facilities, Inc., an MGA/contract binding authority and wholesale insurance brokerage firm based in Sterling Heights, Michigan with another office in Peoria, Arizona. Special Risks was formed in 1971 and has been led by Jack Klebba and Randy Kaszeta. Messrs.
EPIC Insurance Acquires Product Warranty Analytics Specialist After, Inc.
NORWALK, Conn. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced today the acquisition of After, Inc. - a product warranty analytics firm based in Norwalk, Conn. The Acquisition was made primarily to further strengthen and grow EPIC subsidiary company, PowerGuard Specialty Insurance Services - a renewable energy program manager based in the United States.
Knox Trail Council and Old Colony Council Approve Merger
MARLBOROUGH, Mass. /ScoopCloud/ -- Following their respective Special Council Meetings, the Knox Trail Council and the Old Colony Council announced today the approval of their consolidation and merger to form a new Boy Scout Council. This new council will serve youth and young adults from the metrowest to southeastern Massachusetts.
New Vista Behavioral Health Welcomes Avalon Malibu to Their Family of Addiction and Mental Health Treatment Centers
COSTA MESA, Calif. /ScoopCloud/ -- New Vista Behavioral Health, a leading provider of addiction treatment, is proud to announce the acquisition of Avalon Malibu. The addition of Avalon to Infinity Treatment Centers, and Simple Recovery, expands the offerings of New Vista Behavioral Health's distinctive, effective and complementary group of addiction and mental health programs, providing exemplary care to clients struggling with chemical dependency or mental health issues.
Traffk Acquires Capsci Health’s Mobile Technology
LOS ANGELES, Calif. /ScoopCloud/ -- Traffk(TM), the Los Angeles art district-based insurance technology company, is excited to announce the acquisition of Portland, Ore.-based Capsci Health. Capsci Health's HIPAA compliant, mobile technology platform personalizes health plan members' benefits, allowing them direct access to their plan's benefits, ID cards, preferred providers and telemedicine.
Northeast’s Largest Independent Insurance Broker The Capacity Group Joins EPIC
MAHWAH, N.J. /ScoopCloud/ -- The Capacity Group of Companies and EPIC Insurance Brokers and Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces. Established in 1990, The Capacity Group has grown to become one of the largest full-service independent insurance brokerage groups in the nation.
Revenue Cycle and Coding Strategies Merge to Expand Healthcare Consulting Services
AUSTIN, Texas /ScoopCloud/ -- Medical and radiation oncology consulting firm Revenue Cycle and healthcare coding and compliance consulting and education firm Coding Strategies announce a merger that will bring the two companies together for the benefit of the healthcare industry.
Verify Smart Corporation Signs Letter of Intent to Acquire the Assets of Enabledware, LLC
FERNLEY, Nev. /ScoopCloud/ -- Verify Smart Corp (OTCBB: VSMR / OTC:VSMR) a Global innovator in financial fraud prevention and digital content distribution, announced today that it has signed a Letter of Intent to acquire the assets of Enabledware, LLC for cash and stock. Enabledware is a global leader in digital signage with offices in the U.S. and U.K.
EPIC Strengthens Southern California Benefits Team with the Acquisition of Benefit Compass
IRVINE, Calif. /ScoopCloud/ -- EPIC Insurance Brokers and Consultants, a retail property & casualty insurance brokerage and employee benefits consultant, announced today it has acquired Benefit Compass Insurance Services, LLC, a specialist in employee benefits brokerage and consulting services.
JenCap Acquires NIF Group
NEW YORK, N.Y. /ScoopCloud/ -- JenCap Holdings LLC announced today that it has agreed to acquire privately held NIF Group, Inc. (NIF), a managing general agency, program administrator and wholesale insurance broker based in Manhasset, New York, with six offices located on the east and west coasts of the United Sates.
Protector Holdings Acquires Big Savings Insurance Agency
SAN FRANCISCO, Calif. /ScoopCloud/ -- Protector Holdings, a joint venture of EPIC Insurance Brokers & Consultants and Dowling Capital Partners, announced today the acquisition of Big Savings Insurance Services, the firm's largest acquisition to date. Headquartered in Sacramento, Calif., Big Savings specializes in providing insurance services to Hispanic consumers; writing auto insurance from 14 California locations including Sacramento, Yuba City, Lodi, Stockton, Rancho Cordova, Roseville, Modesto, Turlock, Fresno, San Leandro, San Jose and Salinas.
JenCap Holdings Acquires Trivedi-Capacity Associates
NEW YORK, N.Y., April 21, 2016 (SEND2PRESS NEWSWIRE) -- JenCap Holdings, LLC, a consolidator of specialty insurance distribution and program management businesses, including managing general agencies, specialty program underwriters, transactional wholesale brokers and captive managers, has acquired specialist MGA and wholesaler Trivedi-Capacity Associates, LLC. JenCap Holdings, LLC is a portfolio company of The Carlyle Group.
Wholesale Trading Co-Op is Acquired by The Carlyle Group and Rebrands as Wholesale Trading Insurance Services
SAN FRANCISCO, Calif. and NEW YORK, N.Y., March 24, 2016 (SEND2PRESS NEWSWIRE) -- Wholesale Trading Co-op Insurance Services, a privately-held wholesale insurance specialist serving a group of leading retail insurance brokers, announced today that The Carlyle Group has agreed to acquire a majority stake in wholesale insurance broker JenCap Holdings, LLC and the assets of Wholesale Trading Co-Op Insurance Services, which will be re-named Wholesale Trading Insurance Services, LLC. Wholesale Trading is currently owned by its management team and external private investors.
Titan Lenders Corp. Announces Acquisition by MetaSource LLC
DENVER, Colo., March 21, 2016 (SEND2PRESS NEWSWIRE) -- Mortgage services expert Titan Lenders Corp. (Titan) announced it has been acquired by Utah-based MetaSource, LLC. Terms of the deal were not disclosed. MetaSource provides an array of technology-driven services and solutions, including business process outsourcing.
Diverse Technology Solutions Inc. acquires cloud hosted Unified Communications VOIP telephony provider ‘Voitual’ of Delray Beach, Florida
ISLIP TERRACE, N.Y., March 8, 2016 (SEND2PRESS NEWSWIRE) -- Diverse Technology Solutions Inc. (DTS) a N.Y. based cloud hosting service provider has acquired cloud hosted Voice Over IP (VOIP) telephone service provider Voitual of Delray Beach Florida. The newly formed company DTS VOIP LLC will acquire the assets of Voitual rebranding the companies Hosted PBX Voice Over IP telephony service as DTS-VOIP adding another cloud product to the portfolio of DTS's successful cloud hosting solutions.
Protector Holdings Acquires BetterWay Insurance Services
SAN FRANCISCO, Calif., March 7, 2016 (SEND2PRESS NEWSWIRE) -- Protector Holdings, a joint venture of EPIC Insurance Brokers and Consultants and Dowling Capital Partners, announced today the acquisition of BetterWay Insurance Services.
Capital Automotive Group welcomes Bobby Murray Chevrolet
RALEIGH, N.C., March 2, 2016 (SEND2PRESS NEWSWIRE) -- Capital Automotive Group of North Carolina announced today the acquisition of Bobby Murray Chevrolet, 1820 Capital Blvd., Raleigh. The name will change to Capital Chevrolet. This brings to thirteen the number of auto brands represented by Capital.
Sunshine Capital, Inc. Announces That Daniel J. Duffy Has Joined The Company’s Advisory Board
PEMBROKE PINES, Fla., Feb. 16, 2016 (SEND2PRESS NEWSWIRE) -- Sunshine Capital, Inc. (Pink Sheets: SCNP) today announced that micro-cap stock magnate and mergers-acquisitions expert Daniel J. Duffy has agreed to join the Company's Advisory Board.
Crime Scene Clean Up Parent Company Announces Acquisition of 3 BioHazard Firms
PATCHOGUE, N.Y., Jan. 19, 2016 (SEND2PRESS NEWSWIRE) -- Prestige Worldwide Group, parent company of CrimeSceneCleanup.com, announced today that it has acquired KRI Crime Scene Cleanup of Texas, Crime Scene Inc. of Maryland and Crime Scene Clean LLC of Texas, three of the largest biohazard firms in the U.S. This deal marks one of the largest of its kind in the crime scene cleanup industry and now makes Crime Scene Clean Up the leading firm in the business. They now offer services from New York to California and from Texas to Michigan.
Ascende, Inc., a Leading Human Capital and Employee Benefits Consulting Firm, Joins EPIC
HOUSTON, Texas and SAN FRANCISCO, Calif., Jan. 7, 2016 (SEND2PRESS NEWSWIRE) -- Ascende, Inc. (Ascende), a premier human capital and employee benefits consulting firm, and EPIC Insurance Brokers and Consultants, a unique and innovative national retail insurance brokerage and employee benefits consulting firm, announced today that they have joined forces.
MCT Trading, Inc. Acquires Assets of PLar Analytics, LLC and PB Pacific Partners, LLC
SAN DIEGO, Calif., Nov. 12, 2015 (SEND2PRESS NEWSWIRE) -- MCT Trading, Inc. (MCT), a recognized industry leader in mortgage risk management providing pipeline hedging, best-execution loan sales and centralized lock desk services, announced that it has acquired certain key assets of PLar Analytics, LLC, a provider of financial models for mortgage bankers, and of PB Pacific Partners, LLC, which offers consulting services on capital markets and mortgage servicing.
Sunshine Capital, Inc. Announces New Controlling Interest In Company, New Business Plan and New Corporate Headquarters
PEMBROKE, Fla., Nov. 6, 2015 (SEND2PRESS NEWSWIRE) -- Sunshine Capital, Inc. (Pinksheets-SCNP / Pink Sheets:SCNP) today announced that controlling interest of its publicly traded common shares has been acquired by newly formed Delaware company, DIB Funding, Inc., which has ownership of the forthcoming diversified media company, Widjits, Inc. It is anticipate that Widjits Inc. will become its own publicly traded company and possible dividend shares will be issued to existing shareholders of Sunshine Capital, Inc. as of a future dividend date.
Asentinel acquires eMOBUS – extends Mobility Managed Services portfolio
MEMPHIS, Tenn., Oct. 20, 2015 (SEND2PRESS NEWSWIRE) -- Asentinel, a leading provider of lifecycle Technology and Telecom Expense Management (TEM) solutions, announced today that it has completed the acquisition of eMOBUS, a rapidly growing disruptor in the field of Mobility Managed Services (MMS). Combining easy-to-use software and expert services, eMOBUS makes managing enterprise mobility frictionless, allowing companies to quickly lower costs, automate tedious support tasks and enable BYOD (Bring-Your-Own-Device).
Verify Smart Corporation Acquires Controlling Interest in Surf Smart Solutions, LLC
FERNLEY, Nev., Aug. 25, 2015 (SEND2PRESS NEWSWIRE) -- Verify Smart Corporation (OTCBB: VSMR / OTCMKTS:VSMR), a global innovator in financial fraud prevention and digital content distribution to the mobile channel, announced today that it has completed the acquisition of 55 percent of Surf Smart Solutions, LLC a Wyoming based online software security company.
EPIC expands Employee Benefits Practice with the acquisition of Executive Financial, Inc. in Southern California
SAN FRANCISCO, Calif., May 18, 2015 (SEND2PRESS NEWSWIRE) -- EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today it has acquired Executive Financial, Inc., an employee benefits consulting firm specializing in executive benefits, life, and disability insurance strategies.
EPIC Strengthens Auto Dealer Programs with the acquisition of Sorci Insurance Brokerage Inc.
SAN FRANCISCO, Calif., May 12, 2015 (SEND2PRESS NEWSWIRE) -- EPIC Insurance Brokers and Consultants, a retail property and casualty insurance brokerage and employee benefits consultant, announced today it has acquired Sorci Insurance Brokerage, Inc., a specialist in providing comprehensive Workers' Compensation Insurance services to New Car Auto Dealers in California.
Protector Holdings Acquires Oasis South Insurance Services
SAN FRANCISCO, Calif., March, 31, 2015 (SEND2PRESS NEWSWIRE) -- Protector Holdings, a joint venture of EPIC (Edgewood Partners Insurance Center) and Dowling Capital Partners, announced today the acquisition of Oasis South Insurance Services.