BGM Group Ltd Acquires YX Management Company Ltd.

BGM Group Acquires AIX Intelligent Platform, RONS Technology and Shenzhen Xinbao

December 27, 2024

AI & Machine Learning

BGM Group Ltd. (Nasdaq: BGM) completed the acquisition of the intelligent platform of AIX Inc. and also acquired RONS (RONDS/RONS Intelligent Technology) and Shenzhen Xinbao Investment, marking BGM’s strategic expansion into AI-driven technology and financial/insurance services alongside its pharmaceutical operations. The deal positions BGM to integrate AI capabilities with its healthcare and insurance ambitions to offer more intelligent health and insurance solutions globally.

LBMX Acquires Buying Group Services (BGS)

January 1, 2022

Professional Services

LBMX Inc., a London, Ontario–based business marketplace platform provider, acquired Buying Group Services (BGS) in an all‑shares transaction effective January 1, 2022. The acquisition adds managed services capabilities to LBMX's existing EDI, PIM and eCommerce offerings, enabling expanded services (including central payments and PIM enrichment) for independent distributors, buying groups and suppliers across end markets such as HVAC, electrical, plumbing, building materials and food service equipment.

XMachina AI Group Inc. Completes Business Combination to Acquire XMachina-AI Inc.

June 9, 2022

AI & Machine Learning

XMachina AI Group Inc. (formerly 1210352 B.C. Ltd.) completed a business combination on June 7, 2022, pursuant to which it acquired XMachina-AI Inc. and renamed the resulting issuer XMachina AI Group Inc. The Resulting Issuer will carry on XMAI's business, intends to apply to list its subordinate voting shares on the Canadian Securities Exchange, and plans to accelerate growth by injecting capital and talent into AI and data-analytics businesses.

Axis Insurance Managers Acquires BMG Aviation Ltd. (BMG Insurance Brokers)

June 1, 2022

Insurance

Axis Insurance Managers completed the acquisition of BMG Aviation Ltd. dba BMG Insurance Brokers effective June 1, 2022. The purchase brings a specialist aviation and aerospace insurance practice into Axis’s national brokerage platform, positioning Axis as a leader in Aviation & Aerospace insurance and expanding its industry-based practice capabilities; Maureen Crockett and Brian Julien will lead the combined Aviation and Aerospace practice under the Axis brand.

Brown Machine Group (BMG) Acquires aXatronics Robotics Capabilities

May 30, 2020

Packaging

Brown Machine Group (BMG), a portfolio company of Industrial Growth Partners (IGP), acquired the robotics capabilities and related assets of automation equipment supplier aXatronics on May 30, 2020. The asset acquisition brings robotic automation, mechatronics and end-of-arm tooling expertise into BMG’s thermoforming and packaging equipment platform to enable fully integrated turnkey packaging automation solutions.

YMX Logistics Acquires Yard Commander

January 21, 2025

Logistics & Distribution

YMX Logistics, a national provider of integrated yard logistics, has acquired Yard Commander, a yard management system (YMS) founded in 2011 and deployed across hundreds of North American facilities. The acquisition brings Yard Commander’s technology and founding team into YMX to expand the company’s enterprise yard management capabilities and strengthen its platform for large shippers and Fortune 500 customers.