Lennar Corporation and Millrose Properties, Inc. jointly announced they have successfully completed the previously announced taxable spin-off of Millrose from Lennar through a distribution of approximately 80% of Millrose’s stock to Lennar’s stockholders.
Spin-off ● Construction ● North America
TE Connectivity to Acquire Richards Manufacturing
TE Connectivity plc has entered into a definitive agreement to acquire Richards Manufacturing Co. from funds managed by Oaktree Capital Management, L.P. and members of the Bier family, long-standing owners and leaders of the business. The transaction will strengthen TE’s position in serving electrical utilities in North America.
Acquisition ● Industrials ● Europe & North America
Kurita Announces Merger with Avista Technologies, Inc.
Kurita America, part of the Kurita Group announced its pending merger with sister company, Avista Technologies, Inc. This merger will officially take effect on April 1, 2025. The merger between Kurita America and Avista Technologies is a strategic move aimed at combining their strengths to better serve industrial and municipal markets.
Merger ● Utility Services ● Asia & North America