Signet Jewelers Acquires Diamonds Direct for $490M

Signet Jewelers Acquires Blue Nile for $360 Million

August 9, 2022

E-Commerce

Signet Jewelers Limited has signed a definitive agreement to acquire Blue Nile, Inc. for $360 million in cash. The acquisition brings Blue Nile’s online engagement-ring and fine-jewelry capabilities into Signet’s portfolio to expand bridal offerings, extend Signet’s digital leadership, and grow its Accessible Luxury segment.

Birks Group Acquires European Boutique's Watch and Jewellery Business

July 8, 2025

Retail

Birks Group Inc. completed the acquisition of the luxury watch and jewellery business of European Boutique (headquartered in Toronto) from the Sutkiewicz family for C$9,000,000, subject to customary adjustments. The deal includes a licensing agreement to operate the Canadian Diamonds Direct brand; Birks also amended debt facilities including a C$13.5 million incremental term loan from SLR Credit Solutions and a C$3.75 million loan from controlling shareholder Mangrove Holding S.A.

Clover Imaging Group Acquires Phoenix Direct

July 21, 2022

Logistics & Distribution

Clover Imaging Group has acquired all operating assets of Phoenix Direct, LLC, a Duluth, Georgia–based eCommerce fulfillment and marketing services provider. The deal expands Clover's capabilities into end-to-end DTC fulfillment, customer service, and marketing to complement its returns management, asset renewal and redistribution platform as part of a diversification and growth strategy.

The Sourcing Group Acquires Vanguard Direct

October 10, 2025

Marketing & Advertising

The Sourcing Group (TSG) has acquired Vanguard Direct, folding the promotional-products and print services firm into TSG's corporate umbrella and planning a full rebrand. The deal increases TSG's annual revenue to $265 million (projected to exceed $300 million in 2026) and expands TSG's capabilities in technology-enabled marketing services for public and private sector clients; financial terms were not disclosed.

Noble Corporation plc Acquires Diamond Offshore Drilling, Inc.

June 10, 2024

Energy

Noble Corporation plc completed the acquisition of Diamond Offshore Drilling, Inc. in a stock-plus-cash merger, with Diamond shareholders receiving 0.2316 shares of Noble and $5.65 cash per share and becoming approximately 14.5% owners of Noble. The deal expands Noble's fleet with additional 7th-generation drillships and semisubmersibles, adds roughly $2.0 billion of backlog, and is expected to generate meaningful cost synergies and accretion to free cash flow.

JTS Direct Acquires Assets of MTI Connect

May 7, 2024

Marketing & Advertising

JTS Direct, a Hartland, Wisconsin-based full-service direct marketing printing and mailing company, acquired substantially all assets of MTI Connect's Milwaukee production facility and Phoenix sales office. The asset purchase will integrate MTI's Milwaukee production into JTS Direct's Hartland operations while keeping the Phoenix sales office uninterrupted; terms were not disclosed.