Latest Corporate News
Cintas to Acquire UniFirst for $5.5 Billion
Cintas Corporation has agreed to acquire UniFirst Corporation, a leader in business uniforms and facility services, for $5.5 billion. Paul Hastings LLP advised UniFirst on the definitive agreement announced on March 11, 2026. The deal involves leading investment banks and covers multiple practice areas including M&A and antitrust.
UWM Holdings Advances Acquisition of Two Harbors with Strong 2026 Outlook
UWM Holdings detailed its pending acquisition of Two Harbors, projecting ~$7.6B pro forma value, $150M synergies, and 2026 revenue of $3.5–$4.5B. The deal combines mortgage origination with servicing assets for resilience. It maintains a 9.9% dividend yield amid high Q4 2025 originations.
TRNR Completes Acquisition of Ergatta with Robust 2026 Projections
TRNR has completed its acquisition of Ergatta, expecting over $10M in 2026 revenue at ~30% EBITDA margin. The company received $6.4M on March 4th as part of the deal. This bolsters TRNR's mergers and acquisitions strategy.
Sonida Senior Living Finalizes $1.8 Billion Merger with CNL Healthcare
Sonida Senior Living completed a $1.8 billion strategic merger with CNL Healthcare Properties, Inc. The transaction enhances its position in senior living. Announced via Business Wire on March 11, 2026.
Prologis Acquires Large German Logistics Portfolio for €160M
Prologis bought a 139,000 sqm logistics portfolio from Union Investment for around €160M in regions like Dortmund and Worms. The deal reflects recent European investments by the firm. Sale price slightly exceeded market value of €157M per Thomas Daily.
Greenbelt Capital Acquires Peak Utility Services from ORIX
Greenbelt Capital Partners agreed to acquire Peak Utility Services Group, a key utility infrastructure provider, from ORIX Capital Partners. Kirkland & Ellis advised on the deal, expecting closure post-regulatory approvals. Peak supports electric, gas, and telecom networks.
KIN Asset Management Buys Montreal Apartment Complex for $55M
Toronto-based KIN acquired Le Mistral, a 224-unit rental complex in Montreal, for $55M, marking its fourth deal there. The purchase brings its regional portfolio over 700 units amid strong demand. Partner David Hanick cites affordability and limited supply.
Microsoft Rolls Out Major Business Applications Updates for March 2026
Microsoft introduced innovations like the Account Reconciliation Agent in Dynamics 365 Finance and proactive AI in Contact Center. Features enhance financial reconciliation, supply chain, and service efficiency. Agentic AI automates tasks and improves decision-making.
Hedge Funds Suffer Losses Amid Iran War Market Shock
Global markets turbulent due to Iran War; Brevan Howard's funds down 2.4% and 1.7% early March, Balyasny lost 3.5%. Macro and commodities traders hit hard, though Pierre Andurand up 6%. Multistrategy firms like Millennium also declined.
SGS Credit Outlook Upgraded to A3 Stable by Moody's
Moody's upgraded SGS's credit outlook from A3 Negative to A3 Stable. SGS issued CHF 250M 7-year and CHF 200M 12-year bonds with low coupons. This reflects improved financial stability.
Seaport Global Securities Leads $150M IPO for SUMA Acquisition Corp
Baker Botts represented Seaport in SUMA's $150M IPO of 15M units at $10 each on Nasdaq. SUMA is a SPAC targeting tech-enabled sectors in the US and developed markets. Includes over-allotment option for 2.25M units.
Turkey Hotels Face Soaring Costs Despite Record Tourism
Turkish hotels struggle with high inflation-driven costs amid booming tourism, leading to distressed sales. Cushman & Wakefield notes operating pressures outpacing currency values. Many properties under severe margin strain.