News Briefs

TCED is a Saint-Jean-sur-Richelieu, Quebec-based company operating a franchise network with 60 retail stores under the Batteries Expert brand.

Those being promoted to senior managing director were Alan Schwartz, who's also chief legal officer and co-head of legal & compliance; and Gwen Reinke, who's also chief compliance officer and co-head of legal & compliance.

Also, the private equity firm upped Tyler Letarte and Andrew McElhinney to principal, and Taylor Casey to vice president.

The investment puts Everise as a valuation of about $1 billion.

According to terms of the deal, P&F shareholders will receive $13.00 per share in cash.

The company is the result of the acquisitions of six PVF distribution businesses.

Based in Springfield, New Jersey, Hudson is a global laboratory automation solutions provider.

EMS is a distributor of aluminum products in the U.S.

Novvia Group is a rigid container and life sciences packaging distributor.

Traliant is a provider of online compliance training solutions.