Day: January 3, 2022

Deal Advances Strategy to Focus on Highly Engineered Products in the Motion Control and Power Transmission Markets and Expands Presence in Attractive Medical, Factory Automation and Defense Markets Expects Acquisition to be Cash Accretive in 2022, Excluding Transaction Costs BRAINTREE, Mass., Jan. 03, 2022 (GLOBE NEWSWIRE) — Altra Industrial Motion Corp. (Nasdaq: AIMC) (“Altra” or the “Company”), a leading global manufacturer and supplier of motion control, power transmission and automation products, today announced that it has acquired Cleveland, Ohio-based Nook Industries LLC (“Nook”), a leader in the US engineered linear motion industry. Nook is expected to generate approximately $42 million in revenue in 2021, and the transaction is anticipated to be cash accretive to Altra’s earnings in 2022, excluding any one-time or acquisition-related...

Fully Aligned and Capital Efficient Model Positions Apollo for Differentiated Growth and Returns Enhanced Liquidity and Trading Profile Expected to Attract Broader, More Diversified Investor Base NEW YORK, Jan. 03, 2022 (GLOBE NEWSWIRE) — Apollo and Athene today announced the successful completion of their merger under Apollo Global Management, Inc. (NYSE: APO), a high-growth alternative asset manager with asset management and retirement services capabilities. “Apollo and Athene are world-class franchises that have flourished as strategic partners, and we expect the full alignment achieved by our merger will accelerate our collective growth,” said Apollo CEO Marc Rowan. “I am thrilled to partner with experienced leaders and talented teams within both businesses that will drive our differentiated ‘One Apollo’ model forward. Together,...

Represents important milestone in Company’s strategy to accelerate growth and become a global snacking leader Enhances offering in attractive $65B global packaged baked snacks category Enables innovation across beloved brands including Cadbury, Milka and 7DaysCHICAGO, Jan. 03, 2022 (GLOBE NEWSWIRE) — Mondelēz International, Inc. (Nasdaq: MDLZ) today announced that it has completed the acquisition of Chipita Global S.A., a high-growth leader in the Central and Eastern European croissants and baked snacks category. The acquisition marks an exciting milestone in the Company’s strategic plan, focused on accelerating growth in core snacking adjacencies, while continuing to expand its footprint in key markets. Established in Greece more than 40 years ago, Chipita S.A. delivers croissants and other baked snack brands to two billion...

DAYTONA BEACH, Fla., Jan. 03, 2022 (GLOBE NEWSWIRE) — J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE: BRO), and Christopher (“Chris”) L. Goff, Willis (“Josh”) J. Hargrave, III, and Geraldeen (“Gerri”) Rougeau-Eubank, the principals of HARCO Insurance Services, Inc. d/b/a HARCO Insurance Services and Lone Star Affiliates, Inc. d/b/a HARCO Financial Services (collectively, “HARCO”), today announced that Brown & Brown Lone Star Insurance Services, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of HARCO. With roots dating back to 1969, HARCO is a full-service, independent retail insurance agency serving businesses and individuals throughout Texas. Following the acquisition, the HARCO team will continue operating from their existing Houston, Texas office...