-->

Mergers

Powerhouse Real-Estate Firms Join Forces

      United Real Estate's Dan Duffy, left, and Scott DeNeve of Platinum Realty   United Real Estate Group announced this morning that it had acquired Overland Park-based Platinum Realty, creating a national realty powerhouse with nearly 20,000 agents… more

Executive of the Year 2022: Patrick Ottensmeyer

Always on Track By engineering the nation’s biggest transportation M&A deal in 2021, Pat Ottensmeyer positions the new Canadian Pacific Kansas City for the next era in rail. Patrick Ottensmeyer tells the story of an early fling with entrepreneurship when he… more

Big Wheels and Big Deals: The region’s power plays of 2021

In a year of major moves, these pillars of business in the Kansas City area orchestrated some of the most profound change.   David Feinberg and Cerner Well, that didn’t take long: A scant 80 days passed between David Feinberg’s… more

Cerner sells for $28.3 billion

North Kansas City-based Cerner Corporation will soon be taken over by Austin-based software giant Oracle, according to a Dec. 20 news release. The $28.3 billion acquisition is anticipated to complete before the end of 2022 and will become Oracle’s largest… more

Seaboard pays $28.3 million for California ethanol plant

Merriam, Kan.-based Seaboard Corp. has bought a California ethanol production plant from Alto Ingredients Inc. in Sacramento.  The definitive agreement to acquire the plant is said to have cost $28.3 million. Seaboard is a multinational agribusiness, fuel and transportation company.… more

Propio Language Services buys Ohio competitor, expands reach

Propio Language Services has purchased Dayton-based Vocalink Global, a company that specializes in document translation and localization, as well as in-person interpretation. Although terms of the deal were not disclosed, this is the third and largest language services company Propio has… more

$1.7B sale of Waddell & Reed finalizes

Macquarie Asset Management officially closed on its $1.7 billion acquisition of Overland Park-based Waddell & Reed Financial Inc. on Friday afternoon. The transaction brings $76 billion in assets to Macquarie Asset Management, making it a top 20 actively managed, long-term… more

Merger approved for Kansas City-based Northern Genesis, vehicle manufacturer Lion Electric Co.

Northern Genesis Acquisition Corp. announced that its stockholders have approved a merger with The Lion Electric Co. Montreal-based Lion Electric, a maker of electric buses and vehicles, has been working since November 2020 on a merger with Northern Genesis. Northern Genesis… more

Leawood-based Stackify sells to IT company Netreo

Leawood-based Stackify LLC sold to Netreo Inc., a Huntington Beach, California, company that developed an award-winning platform for IT infrastructure management. Financial details were not disclosed.  Founded in 2012,  Stackify created developer-centric software for monitoring an application's performance, and detecting… more

New bidder raises offer on KC Southern

Kansas City Southern has been offered another bid, this time from Canadian National Railway with a cash-and-stock offer valued at $33.7 billion. The offer amount outdoes competing bidder Canadian Pacific's cash-and-stock proposal of $25 billion. Any deal would capitalize on… more