Latest news with #CarlyleGroup
Yahoo
a day ago
- Business
- Yahoo
Hilb Group Expands Southeast Presence, Acquires South Carolina-Based Retirement Plan Book of Business
RICHMOND, Va., July 22, 2025 /PRNewswire/ -- The Hilb Group announced today that it has acquired a South Carolina-based retirement plan book of business in its Southeast region of operations, growing its offerings and presence in the market. The acquisition took effect on July 1, 2025. About Hilb Group: The Hilb Group is a leading property and casualty and employee benefits insurance brokerage and advisory firm headquartered in Richmond, Virginia. Hilb Group is a portfolio company of The Carlyle Group, a global investment firm. Hilb Group seeks to grow through strategic acquisitions and by leveraging its resources and expertise to drive organic growth in its acquired agencies. The company has completed more than 190 acquisitions with over 125 offices in 32 states. Hilb Group is rated as one of the Fastest Growing Brokers by Business Insurance, a Top P/C Agency by Insurance Journal, and one of America's Fastest Growing Private Companies in the Inc. 5000. For more information on Hilb Group's growth as well as career opportunities, please visit our website at Media Contact:Peter Lobred 804.548.4629 plobred@ M&A Contact: Ryan Havermann 804.414.6508rhavermann@ View original content to download multimedia: SOURCE The Hilb Group, LLC Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CTV News
a day ago
- Business
- CTV News
Toronto-based IT firm Adastra sold to global investment firm Carlyle Group
Co-founder and co-chairman of the private equity firm The Carlyle Group David Rubenstein speaks in the panel "The Global Economic Outlook" on the last day of the forum's Annual Meeting in Davos, Switzerland, Friday, Jan. 19, 2024. (AP Photo/Markus Schreiber) TORONTO — IT company Adastra Group SE says global investment firm Carlyle Group Inc. has agreed to acquire a majority stake in the company. Adastra, which is co-headquartered in Toronto and Prague, Czech Republic, says it has more than 2,000 employees across several market-facing and global delivery centres. Terms of the agreement were not released. Carlyle says it has a track record of investing in and scaling up leading IT services companies globally. Adastra says Carlyle will aim to grow its data, cloud and AI offerings, supporting existing and new customers, as well as expanding its international presence through organic investments and targeted mergers and acquisitions. Adastra chief executive Rob Turner calls it an 'exciting and transformative step' for the company, saying he believes Carlyle's 'deep experience and global network' can help unlock a new phase of growth for the business. This report by The Canadian Press was first published July 22, 2025.
Bloomberg
2 days ago
- Business
- Bloomberg
Carlyle Is Said to Acquire IT Firm Adastra in $400 Million Deal
Carlyle Group Inc. is buying a majority stake in Adastra Group SE in a deal valuing the IT consultancy and services provider at about $400 million including debt, according to people familiar with the matter. The US investment firm is pursuing the deal via Carlyle Europe Technology Partners V and Carlyle Asia Partners Growth II, the people said, asking not to be identified discussing confidential information.
Wall Street Journal
2 days ago
- Business
- Wall Street Journal
SS&C Technologies to Buy Calastone From Carlyle for About $1 Billion
SS&C Technologies SSNC 0.18%increase; green up pointing triangle Holdings has struck a deal to buy funds network operator Calastone from private-equity firm Carlyle CG 0.10%increase; green up pointing triangle Group for roughly $1 billion. SS&C, a provider of software for the financial-services and healthcare industries, on Monday said it will pay about 766 million pounds ($1.03 billion) for London-based Calastone, which operates a global funds network that connects more than 4,500 financial organizations across 57 markets.
Yahoo
3 days ago
- Business
- Yahoo
NFL Players Association executive JC Tretter is resigning amid union overhaul
WASHINGTON (AP) — NFLPA chief strategy officer JC Tretter is resigning from his position, three days after Lloyd Howell stepped down as executive director of the players' union. Tretter told CBS Sports on Sunday that he doesn't want to be considered for the NFLPA's interim executive director position and denied he played any role in undermining Howell's position. 'Over the last couple days, it has gotten very, very hard for my family. And that's something I can't deal with,' Tretter told CBS Sports on Sunday. 'So, the short bullet points are: I have no interest in being (executive director). I have no interest in being considered. I've let the executive committee know that. I'm also going to leave the NFLPA in the coming days because I don't have anything left to give the organization.' The 34-year-old Tretter, who played center for eight seasons with Green Bay and Cleveland through 2021, was the player president from 2020 to 2024. He served in his new role since October 2024. Howell resigned Thursday after two years because his leadership had become a distraction. Howell has come under scrutiny since ESPN reported he has maintained a part-time consulting job with the Carlyle Group, a private equity firm that holds league approval to seek minority ownership in NFL franchises. That followed the revelation that the NFLPA and the league had a confidentiality agreement to keep quiet an arbitrator's ruling about possible collusion by owners over quarterback salaries. The latest issue was an ESPN report Thursday that revealed two player representatives who voted for Howell were not aware that he was sued in 2011 for sexual discrimination and retaliation while he was a senior executive at Booz Allen. In 2023, a year after the NFLPA sued the owners for collusion, the NFL sued the union after Tretter suggested in an interview that running backs who were unhappy with their contracts could fake injuries, which would be a violation of the collective bargaining agreement. The grievance also was decided this year and was not shared publicly. Tretter told CBS Sports he didn't have access to the collusion grievance and wasn't involved in the confidentiality agreements. Tretter was the NFLPA's player president in 2023 when Howell was elected as the union's executive director following a vote that changed the union's constitution and made the search and election process more confidential. 'I'm not resigning because what I've been accused of is true,' Tretter said. 'I'm not resigning in disgrace. I'm resigning because this has gone too far for me and my family, and I've sucked it up for six weeks. And I felt like I've been kind of left in the wind taking shots for the best of the organization. ... And in the end, what's the organization done for me? Like, nothing.' ___ AP NFL: The Associated Press
