Tempus Realty Partners recently sold a 116,000-square-foot industrial building in Wilmington, North Carolina, for $7.97 million on July 26, 2024. The company originally bought the property for $7.2 million in November 2021. This sale shows how well Tempus can spot good investment opportunities and make a profit.
Logistics startup Stord is acquiring the e-commerce fulfillment services operations of Pitney Bowes, which confirmed the sale of this small business segment amid ongoing strategic review, causing a 12% rise in Pitney Bowes' after-hours trading.
ESCO Technologies (NYSE:ESE) agreed to acquire Ultra Maritime's Signature Management & Power business for $550M, funded through cash and debt, with the new acquisition expected to generate $175M in revenue in 2024 as part of its aerospace and defense segment.
SM Energy (NYSE:SM) is reportedly in advanced talks to acquire Utah oil and gas producer XCL Resources for ~$3B, potentially expanding its operations into the Uinta Basin.
