Carrier Global Acquires BrokerBay Inc.

At-Bay Acquires Relay Platform

August 22, 2022

Insurance

At-Bay, a digital-age insurance provider, has acquired Relay, a Toronto-based insurtech that operates a multicarrier digital distribution marketplace for specialty commercial lines (notably cyber). Relay will continue to operate as an independent entity under its existing management while joining At-Bay to expand the acquirer’s digital distribution capabilities for brokers and partners.

Bay Crane Companies Acquires Cranes, Inc.

March 4, 2023

Construction

The Bay Crane Companies, Inc. has acquired Cranes, Inc., a third-generation crane rental business with roots in New York City, combining the fleets and expertise of both firms. The transaction expands Bay Crane’s presence and capabilities in the New York City metropolitan area and reinforces its leadership position in crane rental and specialized heavy lifting services.

Carrier Global Corporation Acquires Toshiba Carrier Corporation Stake from Toshiba

July 31, 2022

Building Products

Carrier Global Corporation has completed the acquisition of substantially all of Toshiba Corporation's ownership stake in Toshiba Carrier Corporation (TCC) for approximately $900 million. TCC, a global provider of residential and light commercial HVAC solutions including VRF and heat pump products with roughly $2 billion in 2021 sales and about 6,600 employees, will join Carrier's newly created Global Comfort Solutions business unit headquartered in Tokyo.

Union Bay Acquisition LLC Acquires Commercial Insurance Business of Brookside Insurance

August 11, 2024

Financial Services

Union Bay Acquisition LLC has acquired the commercial insurance business of Brookside Insurance, an Allentown, Pennsylvania-based insurance agency. The terms were not disclosed; Union Bay said this is its fourteenth acquisition as it continues to consolidate regional property-casualty agencies to expand its platform and capabilities.

EFL Global Acquires Trans American Customhouse Brokers, Inc.

February 27, 2023

Transportation

EFL Global has acquired Trans American Customhouse Brokers, Inc., a U.S.-based customs brokerage and logistics firm founded in 1984. The deal adds customs brokerage, clearance and consulting capabilities (including licensed brokers and digital clearance tools) to EFL's global supply chain offering and expands its integrated customs services across the U.S., Canada and Mexico.

Venbrook Acquires InterContinental Insurance Brokers

December 1, 2021

Insurance

Venbrook Group, LLC acquired InterContinental Insurance Brokers, LLC, a Boston-based property & casualty insurance brokerage, to strengthen its East Coast presence and commercial real estate risk management capabilities. IIB founder Thomas E. Sleeper will continue to lead the business and become Managing Director of Venbrook Insurance Services Northeast Real Estate, supporting expansion of Venbrook's nationwide commercial real estate offerings.