Illinois

HUB INTERNATIONAL STRENGTHENS EMPLOYEE BENEFITS AND RETIREMENT CAPABILITIES WITH ACQUISITION OF CERTAIN ASSETS OF BENEFIT PARTNERS GROUP, LLC AND BENEFIT PARTNERS FINANCIAL GROUP, LLC IN ILLINOIS

Retrieved on: 
Friday, December 10, 2021

CHICAGO, Dec. 10, 2021 /PRNewswire/ -- HUB International Limited (Hub),aleadingfull-service globalinsurance brokerage and financial services firm,announced todaythatithasacquired certain assets of Benefit Partners Group, LLC and Benefit Partners Financial Group, LLC (collectively, Benefit Partners Group).

Key Points: 
  • CHICAGO, Dec. 10, 2021 /PRNewswire/ -- HUB International Limited (Hub),aleadingfull-service globalinsurance brokerage and financial services firm,announced todaythatithasacquired certain assets of Benefit Partners Group, LLC and Benefit Partners Financial Group, LLC (collectively, Benefit Partners Group).
  • Headquartered in Libertyville, Illinois, Benefit Partners Group is a full-service employee benefits brokerage and retirement consulting firm.
  • "We are excited to have the Benefits Partners Group team join our Hub family," added Joe DeNoyior, President of Hub Retirement and Private Wealth.
  • Global Retirement Partners, LLC, Millennium Advisory Services, Inc, TCG Advisors, Hub Investment Advisors, LLC, HUB International Investment Advisory Services, Inc., and Sheridan Road Advisors, LLC are wholly owned subsidiaries of Hub International.

Cresco Labs Closes Acquisition of Pennsylvania Vertically Integrated Clinical Registrant, Laurel Harvest

Retrieved on: 
Friday, December 10, 2021

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the closing of the Companys previously announced acquisition of Laurel Harvest Labs, LLC (Laurel Harvest or the Transaction).

Key Points: 
  • Cresco Labs (CSE:CL) (OTCQX:CRLBF) (Cresco Labs or the Company), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, announced today the closing of the Companys previously announced acquisition of Laurel Harvest Labs, LLC (Laurel Harvest or the Transaction).
  • Laurel Harvest is a Pennsylvania Clinical Registrant.
  • View the full release here: https://www.businesswire.com/news/home/20211210005044/en/
    Cresco Labs closes acquisition of one operational dispensary with licensing to open five additional dispensaries, and 52,000 sq.
  • Cresco Labs is one of the largest vertically integrated multistate cannabis operators in the United States, with a mission to normalize and professionalize the cannabis industry.

CORE Industrial Partners Portfolio Company CGI Automated Manufacturing Acquires Precision Metal Fab and Precision Tool & Die

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Friday, December 10, 2021

CORE Industrial Partners (CORE), a Chicago-based private equity firm, announced today the acquisitions of Precision Metal Fab and Precision Tool & Die (collectively, PMF or the Company), a provider of metal cutting and forming solutions, by CORE portfolio company CGI Automated Manufacturing (CGI).

Key Points: 
  • CORE Industrial Partners (CORE), a Chicago-based private equity firm, announced today the acquisitions of Precision Metal Fab and Precision Tool & Die (collectively, PMF or the Company), a provider of metal cutting and forming solutions, by CORE portfolio company CGI Automated Manufacturing (CGI).
  • CORE Industrial Partners is a Chicago-based private equity firm with $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses.
  • Based outside Chicago, CGI offers numerous in-house manufacturing capabilities to effectively serve customers with lights out manufacturing for mid- to high-volume production.
  • ABOUT PRECISION METAL FAB AND PRECISION TOOL & DIE:
    Founded in 1978, Precision Metal Fab and Precision Tool & Die (collectively, PMF) is a provider of metal cutting and forming solutions, including CNC laser cutting, stamping, metal die formation, welding, and assembly, for end markets including warehouse automation, food equipment, HVAC and utilities.

Leica Microsystems and SurgicalOne partnership expands to Mid-Atlantic geography

Retrieved on: 
Friday, December 10, 2021

"We are excited to expand our long-term partnership with Leica Microsystems in the Mid-Atlantic," said Al Ludvigsen, President of SurgicalOne.

Key Points: 
  • "We are excited to expand our long-term partnership with Leica Microsystems in the Mid-Atlantic," said Al Ludvigsen, President of SurgicalOne.
  • "Together with Leica, we have built the most comprehensive surgical microscope sales and service organization in the Midwest to Mid-South.
  • Leica Microsystems develops and manufactures microscopes and scientific instruments for the analysis of microstructures and nanostructures.
  • Leica Microsystems has six major plants and product development sites located in Wetzlar and Mannheim (Germany), Vienna (Austria), Heerbrugg (Switzerland), Durham (USA), and Singapore.

SBB Research Group Names November 2021 Grant Finalists: Northern Illinois Food Bank, PADS Lake County, The Period Collective

Retrieved on: 
Friday, December 10, 2021

Northern Illinois Food Bank (Geneva) provides families experiencing food insecurity access to groceries through a network of 900 food pantries, soup kitchens, and shelters throughout the region.

Key Points: 
  • Northern Illinois Food Bank (Geneva) provides families experiencing food insecurity access to groceries through a network of 900 food pantries, soup kitchens, and shelters throughout the region.
  • PADS Lake County (Waukegan) supports homeless and at-risk individuals and families by providing housing assistance, resources, and shelter.
  • The Period Collective (Lake Forest) partners with local organizations to provide feminine hygiene products to women facing housing and income challenges.
  • SBB Research Group LLC (SBBRG) is a Chicago-based investment management firm that views the market through a systematic, interdisciplinary lens.

Kraft Heinz Announces Agreement to Acquire Majority Stake in Just Spices – a Technology-Enabled Direct-to-Consumer Business

Retrieved on: 
Friday, December 10, 2021

The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz) announced today that it has reached an agreement to acquire an 85% stake in Germany-based Just Spices GmbH (Just Spices).

Key Points: 
  • The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz) announced today that it has reached an agreement to acquire an 85% stake in Germany-based Just Spices GmbH (Just Spices).
  • View the full release here: https://www.businesswire.com/news/home/20211210005079/en/
    The Kraft Heinz Company announced today that it has reached an agreement to acquire an 85% stake in Germany-based Just Spices GmbH.
  • The remaining 15% ownership stake will be retained by Just Spices three founders, who will continue on with the company and focus on driving the business and its international growth.
  • We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious.

Power & Digital Infrastructure Acquisition II Corp. Announces Pricing of $250 Million Initial Public Offering

Retrieved on: 
Friday, December 10, 2021

The units will be listed on The Nasdaq Stock Market LLC and trade under the ticker symbol XPDBU beginning December 10, 2021.

Key Points: 
  • The units will be listed on The Nasdaq Stock Market LLC and trade under the ticker symbol XPDBU beginning December 10, 2021.
  • Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant.
  • The offering is expected to close on December 14, 2021, subject to customary closing conditions.
  • This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the anticipated use of the net proceeds.

SM Caen to leverage Stats Perform Sports AI solutions for a competitive edge

Retrieved on: 
Friday, December 10, 2021

CAEN, France and CHICAGO and LONDON, Dec. 10, 2021 /PRNewswire/ -- Stats Perform, the global sports tech leader in data and AI, continues to dominate the sports AI industry as another team chooses Stats Perform's advanced technology to drive their competitive strategy.

Key Points: 
  • CAEN, France and CHICAGO and LONDON, Dec. 10, 2021 /PRNewswire/ -- Stats Perform, the global sports tech leader in data and AI, continues to dominate the sports AI industry as another team chooses Stats Perform's advanced technology to drive their competitive strategy.
  • SM Caen Ligue 2 will invest in a multifaceted AI-powered approach to strategy, recruitment, and athlete performance.
  • Both platforms apply multiple Qwinn-powered AI models to unlock objective, dynamic and predictive insights to enhance key processes.
  • SportsContentCois the exclusive reseller of Stats Perform premium sports betting content to licensed sportsbooks in the UnitedStates.

Maranon Closes Eighth Middle Market CLO

Retrieved on: 
Friday, December 10, 2021

Maranon Capital, L.P. (Maranon) announced the closing of Maranon Loan Funding 2021-3, Ltd., a $400 million collateralized loan obligation (CLO).

Key Points: 
  • Maranon Capital, L.P. (Maranon) announced the closing of Maranon Loan Funding 2021-3, Ltd., a $400 million collateralized loan obligation (CLO).
  • This represents the eighth CLO issued by Maranon.
  • Maranon Loan Funding 2021-3 will primarily invest in leveraged loans to middle market, private equity-backed companies.
  • Maranon Capital, L.P. is an investment firm focused on private credit investments.

SM Caen to leverage Stats Perform Sports AI solutions for a competitive edge

Retrieved on: 
Friday, December 10, 2021

CAEN, France and CHICAGO and LONDON, Dec. 9, 2021 /PRNewswire/ -- Stats Perform, the global sports tech leader in data and AI, continues to dominate the sports AI industry as another team chooses Stats Perform's advanced technology to drive their competitive strategy.

Key Points: 
  • CAEN, France and CHICAGO and LONDON, Dec. 9, 2021 /PRNewswire/ -- Stats Perform, the global sports tech leader in data and AI, continues to dominate the sports AI industry as another team chooses Stats Perform's advanced technology to drive their competitive strategy.
  • SM Caen Ligue 2 will invest in a multifaceted AI-powered approach to strategy, recruitment, and athlete performance.
  • Both platforms apply multiple Qwinn-powered AI models to unlock objective, dynamic and predictive insights to enhance key processes.
  • SportsContentCois the exclusive reseller of Stats Perform premium sports betting content to licensed sportsbooks in the UnitedStates.