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Viper Energy, Inc., a Subsidiary of Diamondback Energy, Inc., to Acquire Sitio Royalties Corp. in All-Equity Transaction; Increases Base Dividend

MIDLAND, Texas, June 03, 2025 (GLOBE NEWSWIRE) — Viper Energy, Inc. (NASDAQ:VNOM) (“Viper” or the “Company”), a subsidiary of Diamondback Energy, Inc. (NASDAQ:FANG) (“Diamondback”), and Sitio Royalties Corp. (NYSE:STR) (“Sitio”) today announced that they have entered into a definitive agreement under which Viper will acquire Sitio in an all-equity transaction valued at approximately $4.1 billion, including Sitio’s net debt of approximately $1.1 billion as of March 31, 2025. The consideration will consist of 0.4855 shares of Class A common stock of a new holding company (“pro forma Viper”) for each share of Sitio Class A common stock, and 0.4855 units of Viper’s operating subsidiary, Viper Energy Partners LLC, for each unit of Sitio’s operating subsidiary (along with a corresponding amount of Class B common stock of pro forma Viper...

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Elis announces the acquisition of Bugadería Neutral in Spain

Elis announces the acquisition of Bugadería Neutralin Spain Saint-Cloud, June 3, 2025 – Elis, the global leader in circular services at work, today announces the acquisition of 100% of Bugadería Neutral in Spain. Located in Catalonia, in the south of Barcelona, Bugadería Neutral operates a laundry which mainly services Hospitality customers. The company currently employs 145 people; the management team will remain in place to develop the company’s growth potential in the region. In 2024, Bugadería Neutral delivered c. €12 million revenue. The acquisition will be consolidated in the financial statements from June 1, 2025. About Elis As the leader in circular services, thanks to a rental-maintenance model optimized by traceability technologies, Elis innovates every day. In its 31 countries, Elis meets the needs of its customers in terms...

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Extendicare Acquires Nine Long-Term Care Homes from Revera

MARKHAM, Ontario, June 02, 2025 (GLOBE NEWSWIRE) — Extendicare Inc. (“Extendicare”) (TSX: EXE.TO) announced today that, effective June 1, 2025, it has completed the previously announced transaction with Revera Inc. and certain of its affiliates to acquire nine “Class C” long-term care homes (the “Acquired Homes”) located in Ontario and Manitoba and one parcel of vacant land located in Ontario (the “Transaction”). The consideration for the Transaction was approximately $60.3 million, comprised of $40.2 million in cash and the assumption of certain liabilities of $20.1 million, including government funding reimbursement obligations and committed capital maintenance project obligations, excluding transaction costs. The purchase price was funded from cash on hand. The Acquired Homes are set out in the table below.Name Address LTC...

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ABB acquires Bel Products Inc. to expand enclosures portfolio in North America

ABB acquires Bel Products Inc.Réal Bélanger, President at Bel Products, with Mike Shenouda, Canada Region Leader and General Manager at ABB Installation Products DivisionExtending ABB’s manufacturing capabilities and local production footprint in CanadaABB and Bel Products employeesMontreal, Canada, June 02, 2025 (GLOBE NEWSWIRE) —ABB Electrification Canada Inc. acquires industry-leading enclosures manufacturer Bel Products Inc. Expands ABB’s portfolio in growing enclosures market, serving commercial, industrial, data center and utility customers across Canada and the U.S. Extends ABB’s manufacturing capabilities and local production footprint in CanadaABB Electrification Canada Inc. announced today it has completed its acquisition of Bel Products Inc., a leading Canadian manufacturer of commercial, industrial...

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The Ensign Group Adds Skilled Nursing Facility in California

SAN JUAN CAPISTRANO, Calif., June 02, 2025 (GLOBE NEWSWIRE) — The Ensign Group, Inc. (Nasdaq: ENSG), the parent company of the EnsignTM group of companies, which invest in and provide skilled nursing and senior living services, physical, occupational and speech therapies, other rehabilitative and healthcare services, and real estate, announced today that it acquired the operations of Toluca Lake Transitional Care, a 52-bed skilled nursing facility located in North Hollywood, California. The real estate will be acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, following receipt of state regulatory approvals. The acquisition was part of the larger acquisition of seven other facilities from Providence Home and Community Care, which was announced in December 2024. The acquisition...

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Entertainment Partners to Acquire CASHét Strengthening End-to-End Production Finance Offerings

BURBANK, Calif., June 02, 2025 (GLOBE NEWSWIRE) — Entertainment Partners (EP), a global leader in entertainment production payroll, finance and management solutions, today announced that it has signed a definitive agreement to acquire CASHét Entertainment, LLC (CASHét), a leading provider of digital payment solutions for the entertainment industry. The acquisition strengthens EP’s commitment to innovation and empowers productions worldwide to operate with greater speed, accuracy and confidence. CASHét offers an industry-leading suite of digital payment services, including its branded Purchasing Card (p-card) and digital AP payments through CASHétPay. In addition, CASHét provides productions with a sophisticated vendor information and bank data verification system that prevents bank and check fraud and saves accounting teams significant...

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Rhode Island’s Duffy & Sweeney Merges with Stevens & Lee

Stevens & Lee Enters New England Market, Expands Regional Offerings with 16th Office PHILADELPHIA and PROVIDENCE, R.I., June 02, 2025 (GLOBE NEWSWIRE) — Stevens & Lee and Duffy & Sweeney Ltd. have joined forces making Providence, RI-based Duffy & Sweeney Stevens & Lee’s 16th office and gateway to serving clients in New England. In recognition of its 30-year history of providing exceptional service to the business community, the Providence office will be known as Duffy & Sweeney, a division of Stevens & Lee. “Duffy & Sweeney has an excellent reputation as a top-tier New England transaction and litigation boutique. They are entrepreneurial, have a business-minded approach to the practice of law, and a culture of client service and teamwork that mirrors our own,” said Stevens & Lee President...

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Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in Spain

Nexans further enhances its portfolio in Electrification with the acquisition of Cables RCT in SpainCables RCT is a high-quality, Spanish low-voltage cable producer, with state-of-the-art footprint in Southern Europe and outstanding expertise This acquisition represents an additional milestone in Nexans’ strategy to reinforce its footprint in key geographiesParis, June 2nd, 2025 — Nexans, a leader in the global energy transition, has completed today the acquisition of 100% of the share capital of Cables RCT. Based in Spain, Cables RCT offers an extensive copper low-voltage portfolio with a recognized outstanding expertise in flexible fire safety solutions for buildings. The company operates across 30 countries with a strong presence in Iberia. This strategic acquisition reinforces Nexans’ commitment to expanding its capabilities in...

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Press release – SPIE acquires Rovitech in the Netherlands

Cergy, June 2nd 2025 – SPIE, the independent European leader in multi-technical services in the areas of energy and communications, announces the acquisition of Rovitech, a Dutch technical services provider specialising in ICT, telecom and electrical installations. This acquisition will strengthen SPIE’s expertise in data centres and support the expansion of its nationwide footprint in the Netherlands. Founded in 2005 and located in Houten, Rovitech specialises technical services for data centres and network infrastructure. The company is active in the design, installation, as well as 24/7 management and maintenance of data centres and server rooms, for which it also installs cooling systems, fire and intrusion protection, battery energy storage systems (BESS) and emergency power supplies. Moreover, it is expert in the installation, management...

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