Day: January 27, 2025

The Colt Group Expands its Hot Tapping Services and Deepens Midwest Presence HOUSTON, Jan. 27, 2025 (GLOBE NEWSWIRE) — The Colt Group (“Colt”), a provider of on-line industrial leak repair solutions, announced today that it has acquired RJ Stacey (“RJ Stacey” or “the Company”). Terms of the transaction were not disclosed. Founded in 1990 and headquartered in Lake Orion, MI, RJ Stacey provides online leak repair, hot tapping, line stopping, and blast furnace repair. The Company serves a diverse customer base across the Midwest that includes companies in the energy, steel, construction, pharmaceutical and automotive industries, among others. RJ Stacey Founder and CEO Ryan Stacey will remain with the company. “RJ Stacey is a strategic fit on many levels, and we are excited to welcome Ryan and his team to the Colt family,” said Colt...

The Woods Creek Project Comprises of 25 Claims Covering 516.5 Acres CALGARY, Alberta, Jan. 27, 2025 (GLOBE NEWSWIRE) — Integral Metals Corp. (CSE: INTG | FSE: ZK9) (the “Company” or “Integral”) is pleased to announce the acquisition of its Woods Creek Project, located within the Idaho Rare Earth Elements-Thorium (REE-Th) Belt in southwestern Montana. This strategic addition to the Company’s portfolio includes 25 lode claims covering 516 acres and is positioned to capitalize on the increasing demand for rare earth elements critical to modern technologies. The Woods Creek Project lies within the Idaho REE-Th Belt, a geologically significant trend renowned for its rare earth element-rich carbonatite systems. This belt extends across Idaho and Montana and is host to known mineralized systems such as Sheep Creek, Mineral Hill,...

Urges Beacon Shareholders to Secure Significant and Immediate Cash Value by Tendering into QXO’s Offer GREENWICH, Conn., Jan. 27, 2025 (GLOBE NEWSWIRE) — QXO, Inc. (NYSE: QXO) today announced that it is commencing an all-cash tender offer to acquire all outstanding shares of Beacon Roofing Supply, Inc. (Nasdaq: BECN) for $124.25 per share. This price implies a 37% premium above Beacon’s 90-day unaffected volume-weighted average price of $91.02 per share as of November 15, 2024. The total transaction enterprise value is approximately $11 billion. QXO intends to complete the acquisition quickly after the tender offer expires in 20 business days, subject to the terms of the offer. The proposed transaction is not subject to any contingencies related to financing or due diligence. QXO expects that the waiting periods under the Hart-Scott-Rodino...

Ace Controls, an industrial control panel fabricator, expands the platform into the high-value water & wastewater markets, extends its geographic footprint to Houston, Texas, and marks the third add-on in just twelve monthsAce Controls OfficeAce Controls Office in TexasGRAND RAPIDS, Mich., Jan. 27, 2025 (GLOBE NEWSWIRE) — Blackford Capital (“Blackford”), a leading lower middle market private equity firm, announced today the acquisition of Ace Controls, a Houston, Texas-based company renowned for designing and building industrial control panels. This acquisition diversifies Blackford’s Industrial Automation Platform, PACIV, to service a broader range of customers. Terms of the transaction are not being disclosed. Ace Controls is the third acquisition for the PACIV platform since its establishment in June 2023, following...

SHENZHEN, China, Jan. 27, 2025 (GLOBE NEWSWIRE) — Xunlei Limited (“Xunlei” or the “Company”) (Nasdaq: XNET), a leading technology company providing distributed cloud services in China, today announced that it has entered into a definitive agreement to acquire Shanghai Kuanghui Internet Technology Co., Ltd., which operates Hupu, for a total cash consideration of RMB500 million, subject to certain adjustments. Hupu is China’s leading sports media and data platform. The closing of the transaction is subject to certain conditions and is currently expected to occur in the first half of 2025. “Acquiring Hupu is expected to create a powerful synergy with Xunlei,” said Mr. Jinbo Li, Chairman and CEO of Xunlei. “This strategic move will leverage Xunlei’s extensive user base and technological expertise in the internet content transmission...