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GenNx360 Acquires B2B Industrial, AMW Packaging

PYMNTS

New York private equity firm GenNx360 Capital Partners has acquired B2B Industrial and the assets of AMW Packaging Supply , which will give the company a boost in the industrial packaging space, according to a press release. B2B Industrial is based in Illinois, while AMW is based in Arizona.

Industry 181
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JD Sports Purchases California-Based Shoe Palace

PYMNTS

Overall cash consideration for the purchase of the company is $325 million, which is subject to “customary cash/debt and working capital adjustments,” of which $100 million has been deferred and will be paid on different dates over the 12 months to come. California-based Shoe Palace was started in 1993 by the Mersho family.

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Commercial Credit Trends – Where to Tread Carefully

South State Correspondent

This data is critical for pricing, capital allocation, and marketing. The operative question is when commercial PODs will show a spike. As can be seen, Arizona and Texas have the largest increases in credit risk, while Minnesota and Maine are the most stable. Once again, it is time to play more defense.

Trends 195
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Food Delivery Shows No Sign Of Abating In Summer

PYMNTS

DoorDash, the country’s largest deliverer of restaurant meals, could be valued as high as $15 billion following a likely infusion of capital from existing investors. The interest among established buyers in growing food delivery operations is far more than a U.S. Uber Technology is reportedly offering $2.6 phenomenon.

Arizona 162
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Chinese Startup Neolix Mass Producing Driverless Delivery Vans

PYMNTS

A company in Silicon Valley, Nuro , is also in the autonomous vehicle game and has raised almost $1 billion in 2019, and has begun a driverless grocery delivery program in Arizona. The vans are operational in the new Xiongan economic zone southwest of Beijing and in small areas of the capital as well as Changzhou. In the U.S.,

Arizona 115
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Could Income Share Agreements Displace Payday Loans?

PYMNTS

Valued at $150 million, Lambda has seen investments from the likes of Bedrock Founder Geoff Lewis, along with Google Ventures, GGV Capital, Vy Capital, Y Combinator and actor Ashton Kutcher. On the startup side, the best-known and best-funded player in the space is the Lambda School , founded in 2017.

Arizona 148
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Cannabis Cos See Share Prices Nosedive

PYMNTS

“The capital markets have dried up,” Brian Athaide, chief executive of Toronto marijuana grower Green Organic Dutchman Holdings , told the WSJ. Both companies operate dispensaries in several U.S. He said the firm is holding off on seeking financing for two facilities — one planned at 1.3 million square feet. The first-ever U.S.