ReportWire

Tag: Acquisition

  • TrüNorth Global to Introduce Newly Acquired TOTAL360 Commercial Equipment Repair Program

    TrüNorth Global to Introduce Newly Acquired TOTAL360 Commercial Equipment Repair Program

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    Press Release
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    Jan 3, 2023 10:30 EST


    CHARLOTTE, N.C., January 3, 2023 (Newswire.com)
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    TOTAL360 is a comprehensive commercial equipment repair program for all commercial equipment. For the past decade, TrüNorth Global’s corporate mission has been to lead the industry in commercial asset protection. The acquisition of TOTAL360 brings them one step closer to accomplishing this goal.

    “There has never been a more comprehensive product that covers commercial equipment more than TOTAL360,” said William Eskridge, TrüNorth Global Chairman/CEO. “With the equipment shortages and exaggerated prices of used equipment and the astronomical costs of parts and repairs, there has never been a product to mitigate those risk costs better than TOTAL360.”  

    TOTAL360, the latest addition to the TrüNorth Global™ family of products and services, offers an innovative solution for dealers, fleet owners, and individual operators seeking to protect their investments in expensive commercial equipment and their revenue generation capabilities by helping to minimize downtime when a breakdown does occur.

    TrüNorth Global™ world headquarters in Charlotte, North Carolina, will add to its 24/7/365, multilingual call center to handle all customer service and repair calls worldwide. TOTAL360 will initially be introduced to the North American markets in early January 2023 with rollouts into the United Kingdom, European Union, and Australia, scheduled throughout 2023. 

    About TrüNorth GlobalTM

    From semi-trucks, construction equipment, and agriculture, to cargo/transport ships, power generation, and aircraft, TrüNorth Global™ mitigates the risk of costly commercial equipment repair that can sideline, and in some cases, put you out of business.

    By protecting the commercial assets of drivers, farmers, fleets, and small business owners, we help keep you and your equipment working. Rely on TrüNorth Global™ for outstanding program value and innovative technology solutions supported by the finest professionals in transportation, finance, actuary, and customer service.

    Source: TrüNorth Global

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  • Career Certified Acquires Amber Book, an Innovator in ARE® 5.0 Multi-Exam Course Prep, the Essential Exam for Licensure in Architecture

    Career Certified Acquires Amber Book, an Innovator in ARE® 5.0 Multi-Exam Course Prep, the Essential Exam for Licensure in Architecture

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    Expanding its innovation into architecture, multi-vertical education leader Career Certified continues to elevate careers relying on licensure and certification, seeking to attract the 60,000 potential architecture license candidates actively working to pass the ARE® 5.0 Multi-Exam Course each year.

    Press Release
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    Nov 10, 2022 09:40 MST


    DENVER, November 10, 2022 (Newswire.com)
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    Today, Career Certified acquired Amber Book, a leader in architecture online exam prep differentiated by its high-quality, engaging and animated content, created with carefully-trimmed topics that focus on high-yield exam areas. Promising continued growth on what has already gained industry attention for online Real Estate, Mortgage Loan Origination, and Home Inspection education, Career Certified has just expanded its impact on education into the architecture arena.

    Founded by Michael Ermann—an award-winning architect, an award-winning educator, and the first person to pass all six ARE® 5.0 divisions—Amber Book has seen consistent upward organic growth. This territory was claimed by completely renovating the mindset around test prep education, leaning into unique animation, and developing keen insight into real-world application. Amber Book targets exam prep content to focus on the most relevant areas of the ARE® exam, offering the highest likelihood of passing in the fewest number of hours studying. The innovative content and learning methodology created by Amber Book are meant to net higher ARE® exam pass rates.

    What began as an underground following quickly gained momentum from the best-of-the-best in architecture. Amber Book’s free, flagship, weekly online study sessions, “40 Minutes of Competence,” offer engaging problem-based and narrative-based content to those pursuing licensure. Mr. Ermann and the entire team behind Amber Book are fully embedded in the architecture community and recognized as authentic, approachable thought leaders.

    “Amber Book embodies so much of our DNA towards innovation to better educate, and if there was ever a rockstar status to claim in architecture, Michael Ermann claimed it early through his dedication to the practice,” Gary Weiss, CEO of Career Certified, said. “As I’ve stated before, our pledge is that within the Career Certified family, enrollees will receive the most innovative, outcome-based, and superior education to deliver career freedom. We simply look to amplify the impact Amber Book has on generations of architects to come.”

    The advantage this transaction brings to the marketplace is immeasurable. Career Certified can tap into its operational excellence in sales, marketing, and product innovation while retaining both the team and core of Amber Book and expand into continuing education for architecture (and much more). 

    “From the beginning, our goal was to help as many practitioners as possible reach licensure,” Michael Ermann, creator of Amber Book, explained. “Collaborating with Career Certified doesn’t only achieve this goal, but also offers us acceleration in innovation for architecture. With this partnership and the operational excellence Career Certified brings to us, we strengthen our leadership and impact the success of more emerging professionals obtaining licensure.”

    Career Certified pairs advanced, easy-to-use platforms with a deep understanding of students’ needs, conducive to guiding them as they enter their new careers. Students are provided with the education and ongoing professional development to excel, and ultimately, deliver career freedom. The education is customized to each profession served, providing every student with a strong foundation for success. Career Certified is tailored to career professionals, built by career professionals.

    About Amber Book
    With the video series they’ve created, Amber Book has helped 17,000 emerging professionals study for the architecture licensure exams. Michael Ermann, the course creator, was the first person in the nation to pass all six ARE® 5.0 divisions, and the small portion of the course posted on YouTube has more than 7 million views and more than 35,000 subscribers. Michael is a full-tenured professor at Virginia Tech, where he’s taught design studio, building systems, materials & methods of construction, and advanced architectural acoustics for 21 years. Professor Ermann has won 14 teaching, research and design awards and published the book Architectural Acoustics Illustrated (Wiley, 2015). He’s pretty sure he knows more about these licensure exams than anyone in the world. He will be staying on with Amber Book as it joins with Career Certified. 

    About Career Certified
    Career Certified elevates modern education while accelerating success for students in licensed professions. From Pre-Licensing, Licensing, and Continuing Education coursework to tools for the entire lifecycle of a professional’s career, the company pairs an easy-to-use platform and flexible learning options with a deep understanding of students’ needs conducive to guiding them to career freedom. Visit CareerCertified.com to learn more. Career Certified is backed by Waud Capital Partners, a leading growth-oriented private equity firm with total capital commitments of approximately $3.5 billion. For more information, visit waudcapital.com.

    For the duration of the acquisition, Tyton Partners served as financial advisor, and Executive Counsel PLC acted as legal advisor, to Amber Book. Kirkland & Ellis LLP acted as legal advisor to Career Certified.

    Source: Career Certified

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  • Binance Walks Away From FTX Acquisition

    Binance Walks Away From FTX Acquisition

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    • Binance walks away from FTX deal following due diligence.
    • Firm also mentioned U.S. investigations of FTX.
    • Retail investors are left hanging without access to funds.

    Binance will not move forward with the acquisition of rival exchange FTX, the company said in a tweet Wednesday afternoon.

    “In the beginning, our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help,” Binance said.

    The news leaves retail investors wondering whether they’ll ever gain access to funds held by FTX again after the exchange came under extreme liquidity pressures earlier this week. The turmoil likely stemmed from a CoinDesk article that detailed worrisome links between FTX, its native token FTT, and Alameda, a research and trading firm also owned by FTX boss Sam Bankman-Fried. The coverage got the attention of Binance chief Changpeng Zhao, who shortly after tweeted that his company would be selling all FTT tokens it held.

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  • IDIQ Announces Acquisition of Credit & Debt

    IDIQ Announces Acquisition of Credit & Debt

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    Press Release
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    Jun 7, 2022


    TEMECULA, Calif., June 7, 2022 (Newswire.com)
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    IDIQ, an industry leader in identity theft protection and credit report monitoring, today announces its acquisition of Credit Swag Ventures, Inc., which does business as Credit & Debt and operates the website https://creditanddebt.org.

    The Credit & Debt acquisition allows IDIQ to further extend its financial wellness toolset and financial educational content for members as well as gain a dedicated and seasoned team to focus on third-party opportunities for its members across the financial services landscape. Credit & Debt is a fintech and financial education company that provides guidance for those looking to manage debt, monitor credit, find loans or credit cards and more. They also offer Money Sensei™ – an interactive financial management platform that intelligently analyzes spending habits, helps manage budgets and encourages paying off debts faster – along with educational content and connectivity to best-in-class financial services providers.

    “We are excited to announce our second acquisition for 2022. This acquisition, like others, furthers our goal of financial inclusion and provides customers with the tools they need throughout their financial journey,” said Surya Pochareddy, IDIQ executive vice president and head of mergers and acquisitions. “We have an innovative roadmap to further combine the Credit & Debt integrated personal banking data, Money Sensei, and financial partner relationships with our features and customer base.”

    Scott Hermann, IDIQ CEO, agreed, saying, “We are thrilled to add Credit & Debt to our suite of member services. This acquisition means Credit & Debt now has additional resources to move forward with an ambitious growth strategy that will benefit consumers looking to positively impact their financial profile.”

    With the acquisition, IDIQ also gains the expertise of industry veteran Jeff Mandel, CEO of Credit & Debt. Mandel will continue to lead Credit & Debt and head third-party opportunity efforts as president of IDIQ Monetization. Mandel has more than 30 years in the banking, homeownership services and credit industries and co-founded Credit & Debt in 2019.

    “I’m excited Credit & Debt has become a part of IDIQ,” Mandel said. “IDIQ and Credit & Debt have similar missions to empower members to make personal financial decisions that help them reach their financial goals. This acquisition enables us to reach materially more consumers to bring them these essential tools, especially at a time when so many people across the United States need help.”

    IDIQ is one of the fastest-growing companies in America, earning two consecutive spots on the prestigious Inc. 5000 List that has also featured Microsoft, Patagonia, Intuit and Under Armour as previous list honorees. In the past year, the company has had significant growth of its active customers on the platform, which has led to record revenue. Additionally, over the last year, the company has hired more than 125 employees to meet increased consumer demand for credit report and identity theft monitoring. 

    The company also recently announced its acquisition of Resident-Link™, a service for the rental community to allow consumers access to help build and establish their credit through positive rental-payment reporting to major credit bureaus. 

     

    About IDIQ:
    IDIQ® is recognized as one of the fastest-growing industry leaders in identity theft and credit report monitoring. Featuring the IdentityIQ®, MyScoreIQ® and Resident-Link™ brands, the company delivers identity theft protection, credit report information, education and financial inclusion that benefits consumers and businesses. The company features 100% U.S.-based customer service and support. For more information, visit www.IDIQ.com. 

    Contact Information:

    Kristin Austin

    Public Relations, IDIQ

    951.397.7595

    kaustin@idiq.com

    Source: IDIQ

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  • Graphik Dimensions is Now Sensaria

    Graphik Dimensions is Now Sensaria

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    Circle Graphics brings together Graphik Dimensions, Graphik Printworks, and other leading wall décor brands to form a new framing and art print-on-demand powerhouse

    Press Release
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    Nov 3, 2021


    HIGH POINT, N.C., November 3, 2021 (Newswire.com)
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    Graphik Dimensions, a Circle Graphics company, announced its rebrand as Sensaria.

    Over the past three years, the Circle Graphics Online Wall Décor Division has acquired leading providers of custom framing, photo-quality wall décor, and owned & licensed art – Graphik Dimensions, Bay Photo, and World Art Group. By streamlining the collective products and capabilities across these brands, which culminated in the launch of Sensaria as the company’s unified online wall décor identity, we are uniquely positioned to provide a vast assortment of customized products, an elevated level of service, capabilities, and increased capacity.

    “Sensaria represents a universal wall décor solution for our hospitality, commercial, healthcare, and eCommerce partners. Our mission is to provide innovative customized products combined with world-class performance and service. Sensaria aspires to be the industry partner of choice for all creators in our space,” said Andrew Cousin, Circle Graphics CEO.

    “The breadth of Sensaria’s world-class products and manufacturing capabilities position the company to deliver on its mission to bring design and art to life across all market segments including hospitality, commercial and fulfillment,” said Mike Kirschner, Sensaria President.

    “We are very excited about the launch of Sensaria as a standalone division within the Company,” commented Ryan Kaplan, Managing Director at H.I.G. Capital. “Sensaria unifies the company’s diverse, market-leading product set under a single brand to increase customer awareness of the full breadth of personalized products the company has to offer and drive continued strong growth.”

    Graphik Dimensions joined the Circle Graphics portfolio in November 2020, adding custom framing to the product offerings. The addition of Graphik Dimensions brought an additional facility, located in High Point, NC – further expanding Sensaria’s growing footprint and capacity.

    Circle Graphics, a H.I.G. company, is comprised of two standalone divisions – Online Wall Décor & Out of Home Visual Solutions. The rebrand to Sensaria affects the Online Wall Décor division. The Out-of-Home Visual Solutions division and the parent company will remain known as Circle Graphics. The rebrand brings together the Graphik Dimensions, Graphik Printworks, Circle Graphics Décor, and C.G. on Demand brands under the Sensaria name.

    About Sensaria

    Sensaria produces best-in-class décor products, custom frames, and art enabling industry professionals in all design markets to procure made-to-order and pre-designed curated wall décor. We will partner with you to find the best solution for your large or smaller scale projects. Sensaria is made up of wholly-owned direct-to-consumer and direct-to-pro websites and market-leading reseller relationships. With operations spread across the U.S. and Canada, Sensaria employs approximately 1,200 people to serve the nationwide customer base efficiently. For more information, please visit www.sensaria.com.

    About H.I.G. Capital

    H.I.G. is a leading global private equity and alternative assets investment firm with over $45 billion of equity capital under management. Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro and São Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/ value-added approach. Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

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    Contact:                                                                                                    

    Dawn Jacobs
    Executive Vice President, Brand & Product, Sensaria
    dawn.jacobs@sensaria.com

    Source: Sensaria

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  • Industrial Inspection & Analysis Acquires Diversified Inspections / Independent Testing Laboratories, Inc. & CraneCare, Inc.

    Industrial Inspection & Analysis Acquires Diversified Inspections / Independent Testing Laboratories, Inc. & CraneCare, Inc.

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    Press Release
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    updated: Mar 9, 2018


    PHOENIX, March 9, 2018 (Newswire.com)
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    Industrial Inspection & Analysis, Inc. (“IIA”) the USA expands its service offerings with the recent acquisition of Diversified Inspections / Independent Testing Laboratories, Inc. (“DI/ITL”) and CraneCare, Inc.

    Founded in 1969, DI/ITL is the largest independent, third-party, safety and integrity inspection firms in the country specializing in on-site inspections of vehicle-mounted aerial lifts, digger derricks, fire trucks, airline ground support equipment and live-line tools for a variety of companies, public & private utilities and municipalities.

    CraneCare, a sister company based in Albuquerque, NM, was founded in 1996. CraneCare is an all-inclusive overhead and mobile crane service company handling inspections, certifications, load testing, operator training, maintenance, part sales, and installations.

    “The acquisitions of DI/ITL and CraneCare immediately establishes IIA as a continental leader in the heavy equipment/lifting equipment inspection industry” explains John Cote, CEO of IIA. “Combined with our recent acquisition of Domson, our reach in this very attractive sector spans the entire U.S. and a good portion of Canada. A key part of the IIA vision is serving a broad range of promising industries and diversifying our geographic presence. We believe that diversifying our industry and geographic exposure results in a steadier business built for the long-term that is better able to handle economic cycles. Our focus will continue to be on the customer, employee training, and investing in our capabilities.”

    “We at DI/ITL and CraneCare are very proud to have built the leading platform for aerial lift/crane inspections programs over the past 49 years. I am pleased with all of our accomplishments and the individuals that will continue with IIA,” states Leland Bisbee, President/CEO of DI/ITL and CraneCare. “The combination with IIA will offer our customers expanded NDT capabilities while continuing our joint commitment to the highest level of technical safety and integrity testing our customers have come to expect.”

    With over 100 employees including 80 inspectors and technicians covering customers in all 50 states, the acquisition of DI/ITL and CraneCare significantly bolsters IIA’s existing aerial and lifting equipment service business established through the recent acquisition of Domson Engineering in December 2017. This transaction continues IIA’s strategy of building a network of inspection and testing brands that hold a competitive advantage and offer a strong value proposition to a long list of customers in a wide variety of end markets. The addition of DI/ITL and CraneCare is an excellent complement to IIA’s inspection and non-destructive testing brands, which includes US NDI, Fox NDE, and NDT Labs, as well as its engineering and analytical brands, which includes Domson Engineering, TIMCO Engineering, QC Group and Infinium NDE.

    About Industrial Inspection & Analysis.

    IIA is a high-growth inspection, testing, and analytical business committed to providing Story-Worthy Service and Solutions even through the most challenging situations to customers nationwide and beyond. To learn more about all of the IIA brands, visit industrial-ia.com.

    Media Contact: Lori Wendt, HR & Communications

    Source: Industrial Inspection & Analysis

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  • EveryMatrix acquires betting and gaming affiliate optimisation service DeepCI | Yogonet International

    EveryMatrix acquires betting and gaming affiliate optimisation service DeepCI | Yogonet International

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    iGaming software solutions supplier EveryMatrix has acquired DeepCI, a data-driven betting and gaming affiliate optimization service, and will immediately integrate the team into its operations.  

    DeepCI was founded in 2020 by Riaan de Jager and Lewis Civin and has rapidly grown since then, delivering its services to some of the world’s largest betting and gaming brands including bet365, 888.com, Betway, and Betsson. 

    According to a press release, the company’s proprietary technology monitors “tens of thousands” of affiliate sites on a global basis with the ability to identify the location of “each gaming brand on every page of every website.”

    This allows DeepCI to establish how much exposure each brand receives and how effective it is on each site, page, and market, while providing actionable recommendations to operators. 

    The service empowers gaming companies to track both their own and their competitor’s performance and make “rapid, revenue-generating optimization decisions.”  

    The parties noted that due to its recent growth, DeepCI has already reached profitability. DeepCI CEO Lewis Civin will continue to manage the business as an independent part of the EveryMatrix Group. 

    Ebbe Groes, CEO, EveryMatrix, said: “DeepCI is a business we have admired for a long time and we’re very pleased to now be able to welcome the team into the EveryMatrix Group.”

    Ebbe Groes, CEO, EveryMatrix

    “DeepCI’s data-driven tools are unique to our industry, their commercial success is similarly remarkable, and their product will bring significant benefits to our customers. Further, there are strong synergies with our similarly successful affiliate management product PartnerMatrix.” 

    Lewis Civin, Co-founder and CEO, DeepCI, said: “It’s been a thrill launching and continually iterating DeepCI products. We’ve developed a ‘must-have’ data-driven product that continues to make a significant positive impact on iGaming brands every day on a global scale, while we are also working on an exciting roadmap of complementary tools that will bring even more value to customers.” 

    “Our integration into this rapid growth business will enable us to further accelerate our development, create more innovative and disruptive tools in a faster timeframe and leverage the vast knowledge, expertise, and mutually beneficial technologies available within EveryMatrix.” 

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  • Light & Wonder completes acquisition of SciPlay, company to become a fully-owned subsidiary | Yogonet International

    Light & Wonder completes acquisition of SciPlay, company to become a fully-owned subsidiary | Yogonet International

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    Light & Wonder has acquired the remaining approximately 17% equity interest in digital gaming business SciPlay Corporation that it did not previously hold. This all-cash transaction, valued at $22.95 per share, secures Light & Wonder’s position as the sole owner of the slot developer.

    The anticipated completion of the deal is expected to occur during the fourth quarter of 2023, contingent upon satisfying customary closing conditions. The acquisition is valued at approximately $500 million and was now approved by the Board of Directors of Light & Wonder. With this development, SciPlay transitions from public markets, returning to the realm of private ownership under the L&W umbrella.

    Matt Wilson, President and Chief Executive Officer of Light & Wonder, stated: “We are excited to fully unite SciPlay with Light & Wonder, further accelerating our cross-platform strategy and creating an even stronger and more efficient platform for growth.”

    “Our combined balance sheets will provide us with the flexibility to further invest in developing and launching great games cross-platform and deliver enhanced returns to shareholders.”

    The decision to pursue this transaction was guided by evaluations conducted by SciPlay’s independent advisors and directors, which formed a special committee. The move was deemed to be in the best interest of the company’s shareholders, culminating in the green light for the acquisition.

    Gerald Cohen and April Henry, Independent Directors of the SciPlay board and Co-Chairs of the SciPlay Special Committee, shared their insights on the transaction: “This transaction is a compelling opportunity to maximize value for SciPlay shareholders and favorably positions both SciPlay and Light & Wonder.”

    “Our committee conducted a careful evaluation of Light & Wonder’s proposal, with the support of independent financial and legal advisors, and we believe this combination represents the best outcome for SciPlay shareholders.”

    The transaction has received the approval of the holders of the requisite number of shares of common stock of SciPlay, thus eliminating the need for additional stockholder approval. Following the acquisition, SciPlay will transition into a wholly-owned subsidiary of Light & Wonder.

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  • OKTO acquires Flexia Payments to expand its cashless, omnichannel payments solutions in North America | Yogonet International

    OKTO acquires Flexia Payments to expand its cashless, omnichannel payments solutions in North America | Yogonet International

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    Payments solutions provider OKTO has announced the acquisition of Flexia Payments, a specialty fintech US company. OKTO says that the strategic move is set to accelerate its expansion into the North American gaming markets, and further its cashless and omnichannel payments offering. 
     
    The deal followed a successful show of Flexia at the Global Gaming Expo (G2E), where the company showcased its cashless system, which is integrated with an expanding suite of partners including WinSystems, Axes Information Management Systems, and CasinoTrac. 

    “With the completion of this acquisition, the Flexia team joins forces with OKTO, to jointly keep driving cashless and omnichannel payment solutions to North American casinos and gaming venues, enabling them to usher full digitalization of customer experience across gaming and non-gaming activities,” OKTO said in a statement.  


     
    In addition, Flexia explained that it is well-positioned to combine casino and online wagering accounts, and casino loyalty programs, all connected to a Flexia Prepaid Mastercard – into a single digital payment solution.  
     
    “This acquisition aims to place OKTO at the forefront of digital payment services provision in the North American land-based and online gaming markets via its omnichannel offering,” commented Theo Engelis, VP North America of OKTO. “We’re excited about this partnership, which marks a significant enhancement for both companies and aligns with our ongoing cashless strategy in Europe and Latin America.” 
     
    Craig Libson, CEO and co-founder of Flexia, shared: “Our partnership with OKTO grants us access to significant resources and capabilities, accelerating the deployment of advanced cashless and omnichannel payment services to the ever-expanding gaming market.

    “The synergies between the two companies, our industry’s best platform and pipeline, blended with OKTO’s powerful payment technology and existing business line combine to form the foundation for success in the North American market and beyond.” 
     
    “Our alignment with OKTO enables us to complete our mission to drive digital payment innovation in the world of online and land-based casino gaming, and in particular allows us to put our plans into action in North America,”  Scott Walker, President and co-founder of Flexia, added.  

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