Nimble Closes $106 Million Series C Funding Round, Scales Fully Autonomous Fulfillment with FedEx

SAN FRANCISCO–(BUSINESS WIRE)–Nimble, a pioneering AI robotics and autonomous e-commerce fulfillment technology company, today announced the successful closure of a $106 million Series C funding round elevating the company to a $1 billion valuation.

Tech-Enabled Home Services Platform Zephyr Launches with Nearly $100MM of Capital, Looks Toward New Tech and Growth

Zephyr announced that it has raised over $60M in new growth capital led by Elda River Capital (“Elda River”) and The Pritzker Organization (TPO). TPO looks for opportunities where it can create value for the family’s interests and those of its partners and colleagues over a significant time horizon.

IMIDomics, Inc. Appoints Life Sciences Industry Leader Matthias Evers, Ph.D., to Board of Directors

IMIDomics, Inc., a pioneering private company focused on advancing precision medicines for immune-mediated inflammatory diseases (IMIDs), announced today that effective October 1, 2024, Matthias Evers, Ph.D., will join the company’s Board of Directors.

FedEx Announces Expansion of FedEx Fulfillment With Nimble Alliance

FedEx Corporation (NYSE: FDX) today announced a strategic alliance and investment with Nimble, an AI robotics and autonomous e-commerce fulfillment technology company, to scale FedEx Fulfillment with their fully autonomous 3PL model. To support this alliance, FedEx has made a strategic investment in Nimble.

KBP Brands purchases 85 SONIC restaurants; Adds fourth brand to restaurant portfolio

KBP Brands, one of the largest and fastest-growing franchise operators in the United States, has acquired 85 SONIC restaurants across six states – Delaware, Georgia, Kentucky, North Carolina, South Carolina and Virginia. This purchase brings KBP’s total restaurant portfolio, which also includes KFC, Taco Bell, and Arby’s, to more than 1,000 restaurants in 32 states.

Leading Aviation Maintenance Provider MRO Holdings Secures Strategic Growth Investment from Bain Capital

MRO Holdings Inc. (“MROH” or the “Company”), a leading provider of aircraft maintenance solutions for the global commercial airline industry, today announced that it has agreed to a strategic minority investment from Bain Capital to support the Company’s ongoing development and expansion of customer-centric initiatives. Financial terms of the private investment were not disclosed and the transaction is subject to customary closing conditions. 

STV Group, Incorporated Acquires Florida-based MEHTA and Associates, Inc.

NEW YORK, NY – STV Group, Incorporated, a leading professional services firm that plans, designs and manages infrastructure projects across North America, today announced it has acquired MEHTA and Associates, Inc. (also known as MEHTA Engineering), an engineering and construction engineering inspection firm which has more than 75 professionals in Florida and has completed nearly 1,000 infrastructure projects over the past 50 years.

OHA STV Press Release

New York, New York — Oak Hill Advisors (“OHA”) served as the Left Lead Arranger for the private financing of STV Group, Inc. (“STV”), which is partnered with The Pritzker Organization (“TPO”). STV is a leading provider of engineering and consulting services focused on infrastructure and transportation projects across North America.

ADL Final Mile Acquires Sonic Transportation & Logistics

OMAHA, Neb., Feb. 15, 2024 /PRNewswire/ — RD Last Mile Holdings, LLC (“ADL Final Mile”), a final mile delivery company headquartered in Omaha, NE, has acquired the assets of Sonic Systems, Inc. (d/b/a Sonic Transportation & Logistics), a leading provider of customized and final mile logistics services in the state of Florida.

Mammoth Holdings Acquires Galaxies Express Car Wash in Killeen, Texas

Mammoth Holdings LLC, America’s premier express car wash platform, announced today the acquisition of Galaxies Express Car Wash, an operator of express conveyor car washes in Killeen, Texas. The acquisition is part of Mammoth’s “drive-to-five” (500 sites) across the U.S. and further expands Mammoth’s footprint in the Texas market.