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Benefits of Working With a Financial Advisor

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Financial advisors offer an invaluable service – they take on the burden of overseeing your finances so you don’t have to. They can assist with creating a budget, giving advice about investment opportunities and planning retirement strategies for you.

Insurance agents can also help manage your taxes by helping to minimize tax liabilities through strategies such as harvesting capital gains. They may also help plan long term care and life policies. [Read more…] about Benefits of Working With a Financial Advisor

Merger of Velodyne and Ouster creates $550 million lidar giant

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Velodyne and Ouster have merged to create what could be described as a “lidar giant” at a time when interest in lidar – light detection and ranging – sensors are at an all-time high because of their applications in so many robotic and automated machines. 

Ouster and Velodyne describe their successful deal as a “merger of equals”. The combined company will keep the name Ouster and continue to trade on New York Stock Exchange under the ticker “OUST”. The two companies have a combined market capitalization of more than $550 million.

The merger creates a lidar powerhouse with over 850 customers spanning the automotive, industrial, robotics, and smart infrastructure industries supported by a robust product portfolio of innovative hardware and software solutions in addition to top-tier engineering and commercial teams. [Read more…] about Merger of Velodyne and Ouster creates $550 million lidar giant

AE Industrial Partners sells BHI Energy to Westinghouse

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AE Industrial Partners, a US-based private equity firm specializing in aerospace, defense and government services, space, power and utility services, and specialty industrial markets, has signed a definitive agreement to sell its portfolio company BHI Energy to Westinghouse Electric Company.

Terms of the transaction were not disclosed.

For over 40 years, Weymouth, MA-based BHI has provided industry-leading specialty services to the power generation and electricity transmission and distribution end markets. [Read more…] about AE Industrial Partners sells BHI Energy to Westinghouse

Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

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Arsenal Capital Partners, a private equity firm that specializes in investments in industrial growth and healthcare companies, has acquired automation solutions provider Eckhart from LFM Capital.

Financial terms of the transaction were not disclosed.

Eckhart’s advanced engineering, design, simulation, and integration services, along with proprietary tooling and other automation and robotics systems, support customers at critical points in the automation value chain. [Read more…] about Arsenal Capital Partners acquires automation solutions provider Eckhart from LFM Capital

Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

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Berkshire Grey, a developer of integrated artificial intelligence and robotic solutions for e-commerce, retail replenishment, and logistics, has entered into a definitive agreement with Revolution Acceleration Acquisition, a special purpose acquisition company, to create a leading publicly listed robotics and automation solutions company with a post-transaction equity value of up to $2.7 billion.

Founded in 2013 by the current chief executive officer, Tom Wagner, PhD, the former chief technology officer at iRobot, BG is a pure-play robotics company offering fully integrated, AI-based software and hardware solutions to automate business operations in warehouses and logistics fulfillment centers.

The company’s solutions help retailers and logistics companies meet the exponential growth of e-commerce and ever-increasing consumer demands. BG’s management, engineering, and commercial teams each have extensive robotics expertise and deep industry experience. [Read more…] about Berkshire Grey valued at $2.7 billion after merger with Revolution Acceleration

UPS sells UPS Freight to TFI International for $800 million

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Logistics giant United Parcel Services has entered into an agreement to sell UPS Freight to TFI International for $800 million, subject to working capital and other adjustments.

Carol Tomé, UPS CEO, says: “We’re excited about the future and the opportunities this creates for both UPS and UPS Freight as part of TFI International.

“The agreement allows UPS to be even more laser-focused on the core parts of our business that drive the greatest value for our customers.” [Read more…] about UPS sells UPS Freight to TFI International for $800 million