Christian Brands Acquires Alfred Mainzer Greeting Card Company

Elliott Investment Management Acquires Majority Interest in American Greetings

February 3, 2025

Consumer Products

Elliott Investment Management will purchase a majority ownership stake in American Greetings, with CD&R and the Weiss family retaining a significant minority stake. The transaction is focused on accelerating American Greetings’ growth across its Celebrations portfolio and geographic footprint.

CardWorks and Merrick Bank to Acquire Ally’s Credit Card Business

January 22, 2025

Financial Services

Ally Financial and CardWorks announced they have entered into a definitive agreement under which CardWorks (and its wholly-owned bank subsidiary, Merrick Bank) will acquire Ally’s credit card business. The transaction includes a $2.3 billion portfolio of credit card receivables and 1.3 million active cardholders, and is expected to close in 2025 subject to customary conditions.

Christian Brands Acquires Murphy Robes

July 21, 2022

Manufacturing

Christian Brands, a Phoenix-based distributor and manufacturer, has acquired Murphy Robes Company of Indianapolis from Herff Jones. The acquisition brings the historic Murphy Robes product line and manufacturing capability into Christian Brands’ portfolio to strengthen distribution, web presence and field/telemarketing sales to church and Christian retail customers.

Grossman Marketing Group Acquires PCI Creative Group

June 22, 2021

Marketing & Advertising

Grossman Marketing Group, a fourth-generation family-owned global print management and brand marketing firm based in Somerville, Massachusetts, has acquired PCI Creative Group, a Stamford, Connecticut-based cross-media marketing and creative services firm. The acquisition expands Grossman's service portfolio and client base; PCI's employees were retained and several PCI partners will assist with the transition.

Turf Masters Brands Acquires Cardinal Lawns

January 24, 2025

Environmental Services

Turf Masters Brands, a Roswell, Georgia–based residential lawn care platform, acquired Cardinal Lawns, a lawn care, tree care and pest control provider based in Columbus, Ohio. The deal expands Turf Masters Brands' footprint into the Ohio market as part of its ongoing add-on acquisition strategy; terms were not disclosed.

Ministry Brands Acquires Church Motion Graphics

July 19, 2023

Media & Entertainment

Ministry Brands, a provider of software and services for faith-based organizations, has acquired Church Motion Graphics, a ministry-focused design studio that creates background graphics and videos for worship environments. The acquisition expands Ministry Brands' media and content capabilities and augments its ShareFaith offering; terms were not disclosed.