Helios Technologies Upsizes Credit Facilities to $900M

SARASOTA, Fla.–(BUSINESS WIRE)–Helios Technologies (Nasdaq: HLIO) (“Helios” or the “Company”), a global industrial technology leader that develops and manufactures solutions for both the hydraulics and electronics markets, today announced that effective October 28, 2020 the Company has entered into a $900 million senior secured credit agreement, which is inclusive of a $300 million accordion feature. […]

Medallion Bank Reports 2020 Third Quarter Results and Declares Series F Preferred Stock Dividend

SALT LAKE CITY–(BUSINESS WIRE)–Medallion Bank (Nasdaq:MBNKP, “the Bank”), an FDIC-insured bank providing consumer loans for the purchase of recreational vehicles, boats, and home improvements, along with loan origination services to fintech partners, announced today its 2020 third quarter results. The Bank is a wholly owned subsidiary of Medallion Financial Corp. (Nasdaq:MFIN). 2020 Third Quarter Highlights […]

Used Cars Market in US to Grow by 4.25 Million Units in 2020, Alibaba Group Holding Ltd. and Amazon.com Inc. Emerge as Key Contributors to Growth| Technavio

LONDON–(BUSINESS WIRE)–#UsedCarMarketinUS–Technavio has been monitoring the used cars market in US and it is poised to grow by 4.25 million units during 2020-2024, progressing at a CAGR of about 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Download […]

Daimler Trucks and Torc Partner With Luminar to Enable Automated Trucking – Daimler Trucks Acquires Minority Stake in Luminar

LOS ANGELES–(BUSINESS WIRE)–Today, Luminar Technologies, Inc., the global leader in automotive lidar hardware and software technology, and the world’s largest commercial vehicle manufacturer, Daimler Truck AG announced a strategic partnership to enable highly automated trucking, starting on highways. Experts at Daimler Trucks, its U.S. subsidiary, Daimler Trucks North America (DTNA) and Torc Robotics, part of […]

Cummins Launches National Initiative to Improve Racial Equity

COLUMBUS, Ind.–(BUSINESS WIRE)–Today, Cummins Inc. (NYSE: CMI) announced the launch of Cummins Advocating for Racial Equity (CARE). CARE is another step forward in Cummins’ intent to take a leading role in undoing systemic discrimination against the Black community in the U.S. “Institutional racism is a disease; deeply rooted and longstanding, and makes our society weaker,” […]

Rocky Mountain Dealerships Inc. Reports Third Quarter 2020 Results

CALGARY, Alberta–(BUSINESS WIRE)–$RME #conferencecall–Rocky Mountain Dealerships Inc. (TSX: RME, and hereinafter “RME”), Canada’s largest agriculture equipment dealer, today reported its financial results for the three months ended September 30, 2020. Unless otherwise stated, all amounts are expressed in Canadian dollars. “The agriculture industry is an annual cycle of plant, grow and harvest. We now have […]

Sonic Automotive Bolsters eCommerce Team with Former Hertz and Belk Executives, Promotes Key Executive to Lead Expansion of Omni-Channel Platform

Appoints Steve Wittman as Chief Digital Retail Officer and Stephen Conrad as Vice President of eCommerce; Promotes Marti Eulberg to Chief Creative Officer CHARLOTTE, N.C.–(BUSINESS WIRE)–Sonic Automotive, Inc. (“Sonic” or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the addition of two industry leaders to its […]

FullSpeed Extends Footprint with Acquisition of Uncle Ed’s Oil Shoppe

DALLAS–(BUSINESS WIRE)–CenterOak Partners LLC (“CenterOak”), a Dallas-based private equity firm, today announced that its portfolio company FullSpeed Automotive (“FullSpeed” or the “Company”) has acquired Uncle Ed’s Oil Shoppe (“Uncle Ed’s”), a provider of quick lube, preventative maintenance, and car wash services. Uncle Ed’s operates 29 quick lube service centers and 5 AutoBath America car wash […]

Gores Metropoulos, Inc. Announces Registration Statement Effectiveness and Special Meeting Date

LOS ANGELES–(BUSINESS WIRE)–Gores Metropoulos, Inc. (NASDAQ: GMHI, GMHIU and GMHIW) (the “Company”), a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, a global investment firm founded in 1987 by Alec Gores, and by an affiliate of Dean Metropoulos, Metropoulos & Co., today announced that the Securities and Exchange Commission (the […]