Home Depot is acquiring SRS, a distribution company for roof, landscaping and pool contractors. The home improvement giant says the $18.2 billion deal, announced Thursday (March 28), will speed its growth with its professional customer base, and expand its total addressable market to approximately $1 trillion. “SRS is...
Harborstone Credit Union plans to expand its presence in Washington with an acquisition of SaviBank and its parent holding company, Savi Financial. The credit union has entered into a purchase and assumption agreement for the transaction, the companies said in a Saturday (March 23) press release....
American Express Global Business Travel (Amex GBT) agreed to acquire global business travel and meetings solutions provider CWT for $570 million. The planned acquisition would offer CWT’s 4,000 customers access to the Amex GBT ecosystem and create about $850 million in revenue, the companies said in a Monday (March 25)...
Online betting firm Rush Street Interactive is reportedly considering a sale, among other strategic options. The company’s representatives have approached potential buyers, Bloomberg reported Thursday (March 21), citing unnamed sources. Rush Street Interactive did not immediately reply to PYMNTS’ request for comment. One of the potential buyers approached by...
Capital One says its planned $35.3 billion purchase of Discover will boost competition. That’s according to a report Thursday (March 21) by Reuters, citing information shared by a source who had seen the bank’s regulatory application. The filing also argues the deal won’t hinder competition in the credit card...
Professional services firm Accenture has acquired supply chain logistics specialist Flo. The deal, announced Tuesday (March 19), will move Flo’s 280 employees to the Accenture Oracle Business Group, strengthening its ability to help clients prepare for the supply chain’s digital transformation. Headquartered in the Netherlands, Flo chiefly works...
NCino plans to acquire DocFox to create a single platform that will enable financial institutions to manage the entire client lifecycle. The combined solution will encompass information intake, document collection and due diligence, the companies said in a Monday (March 18) press release. NCino’s acquisition of DocFox is expected...
Shift4 Payments’ CEO is reportedly unhappy with the offers from potential buyers for his firm. Chief Executive Jared Isaacman said those bids failed to “sufficiently value” the payments processor, Bloomberg News reported Sunday (March 17), citing an eternal memo. According to the report, the memo said...
Canadian FinTech Nuvei is reportedly close to being acquired by private equity company Advent International. The payments processor, backed by actor/investor Ryan Reynolds, is in advanced discussions with Advent, The Wall Street Journal (WSJ) reported Sunday (March 17), citing sources familiar with the matter. The...
