News from December 2023
Mission for Area People: 'Forge has supported MAP a great deal with collections throughout the year'
By Business Daily | Dec 22, 2023
Mission for Area People (MAP), a Michigan-based non-profit faith agency, has expressed gratitude towards Forge Industrial Staffing company for its consistent support. MAP, which aids the poor, low-income and homeless in Muskegon and Holland, acknowledged Forge's specific contributions to its Teen Town Christmas event. This appreciation was publicly shared on Dec. 14 via a Facebook post.
Flying Food Group team at Newark Liberty International Airport gives back to community through inaugural Adopt an Angel program
By Business Daily | Dec 20, 2023
In a philanthropic gesture this holiday season, the airline catering facility Flying Food Group (FFG) at Newark Liberty International Airport (EWR). This marked the first time the EWR team participated in the initiative, with the aim of bringing smiles to the faces of children receiving special gifts.
BECO Holding, H.I.G. Capital portfolio, completes two strategic acquisitions
By Business Daily | Dec 18, 2023
H.I.G. Capital has announced that BECO Holding Company (BHC) has completed the acquisitions of Electronic Supply Company ("ESC") and Grease Lock. The acquisitions will support the growth initiatives of both companies and leverage commercial synergies.
H.I.G. Growth concludes sale of Just Home Healthcare Services
By Business Daily | Dec 18, 2023
H.I.G. Capital, a leading global private equity investment firm, has announced that its growth capital investment affiliate, H.I.G. Growth Partners, has completed the sale of its portfolio company, Just Home Healthcare Services (JHC). Lincoln International LLC and Edgemont Partners provided financial advisory services for these transactions while McDermott Will & Emery LLP served as legal counsel to JHC.
H.I.G. Capital acquires Mainline
By Business Daily | Dec 17, 2023
H.I.G. Capital has announced that its affiliates have completed the acquisition of Mainline Information Systems. The process saw H.I.G. receive advisory services from Guggenheim Securities LLC, UBS, and Latham & Watkins LLP, while Mainline Information Systems sought advice from Highlander Advisors and King & Spalding.
Thoma Bravo to invest in BlueMatrix
By Business Daily | Dec 15, 2023
Thoma Bravo has confirmed its strategic growth investment in BlueMatrix, a leading platform for investment research providers, through a definitive agreement. The finalization of this transaction hinges on regulatory approvals and standard closing conditions.
CFTC Chair classifies most crypto tokens as commodities
By Business Daily | Dec 14, 2023
Rostin Behnam, Chair of the Commodity Futures Trading Commission (CFTC), has expressed his belief that most digital assets should be classified as commodities rather than securities. His comments were made during an appearance on CNBC's "Squawk Box" on Dec. 12.
Imprivata undergoes leadership transition
By Business Daily | Dec 14, 2023
Thoma Bravo has announced a leadership transition at Imprivata, with the current CEO, Gus Malezis, moving to a new role as a strategic advisor to the company. Fran Rosch has been appointed as the new CEO.
Wells Fargo appoints new head of philanthropy and community impact
By Business Daily | Dec 12, 2023
Wells Fargo has recently announced the appointment of Darlene Goins as the head of Philanthropy and Community Impact, and president of the Wells Fargo Foundation. In her previous role, Goins served as the head of Diverse Customer Segments within Wells Fargo’s Consumer, Small & Business Banking division, where she focused on addressing the needs of diverse customers through customer feedback, analytics, and insights.
Bank of America report shows fewer homebuyers willing to wait for a better market
By Business Daily Report | Dec 11, 2023
Bank of America's Homebuyer Insights Report indicates a shift in the preferences of prospective homebuyers. The report shows that 62% of individuals are currently willing to wait for prices and/or rates to fall before purchasing a home. This marks a decrease from the 85% reported just six months ago.
Citi bolsters payments innovation with investment in icon solutions
By Business Daily | Dec 8, 2023
Citi has revealed that its Treasury and Trade Solutions (TTS) division has invested in Icon Solutions, a leading fintech provider known for its expertise in payments technology and consultancy services. This investment signifies Citi's plan to further incorporate the Icon Payments Framework (IPF) into its micro-services orchestration architecture.
Wells Fargo CIB names new co-head for Equity Capital Markets
By Business Daily | Dec 4, 2023
Wells Fargo & Company has announced the appointment of Clay Hale as the new co-head of Equity Capital Markets (ECM) within the Banking division of its Corporate & Investment Bank. The company made this appointment following Hale's recent role as the global head of Consumer & Retail (C&R) Banking, Capital Markets, and Advisory at Citigroup.