Deals of the day-Mergers and acquisitions

Reuters
2025/07/18
Deals of the day-Mergers and acquisitions

June 18 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1100 GMT on Friday:

** Inszone Insurance Services has acquired Ashland, Kansas-based Snell-Nelson Insurance Agency, the company said.

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** Medical professional liability insurer Coverys has agreed to sell its Italian MGA AEC to AnaCap-backed Edge Group, the company said.

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** Private equity firm CAPZA said that it had agreed to buy a minority stake for an undisclosed sum in DI Environnement, a French company specialising in environmental clean-up services such as removing hazardous material.

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** Reckitt <RKT.L> has sold a majority stake in its Essential Home business to private equity firm Advent International in a deal valued at $4.8 billion including debt, it said .

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** India's Reliance Industries <RELI.NS> said its retail unit has acquired home appliance maker Kelvinator from Electrolux <ELUXb.ST>, as it looks to expand into the fast-growing consumer durables market.

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** Senior Plc <SNR.L> has agreed to sell its Aerostructures unit to private equity investor Sullivan Street Partners for a total enterprise value of up to 200 million pounds ($268.58 million), the British engineering firm said .

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** Energy major BP <BP.L> said it had agreed to sell its U.S. onshore wind business, bp Wind Energy, to U.S.-based electricity transmission systems operator LS Power.

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** Railroad operator Union Pacific <UNP.N> is exploring a deal to buy smaller rival Norfolk Southern <NSC.N>, the Wall Street Journal reported, in a merger that would bolster the industry leader's heft and likely draw intense regulatory scrutiny.

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** Insurance industry-focused analytics and technology provider Verisk has signed a definitive agreement to acquire Florida-based SuranceBay, a producer of licensing and compliance solutions for the life and annuity industry, for $162.5 million in cash.

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Teneo said on Thursday it has acquired the Australia business restructuring services unit of auditing firm PwC, as the management consultancy seeks to expand its financial advisory presence in the region.

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(Compiled by Rajarshi Roy and Ateev Bhandari in Bengaluru)

((Ateev.Bhandari@thomsonreuters.com))

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