Cummins Inc
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Industrials : Machinery | Large Cap Value
Company profile

Cummins Inc. designs, manufactures, distributes and services diesel and natural gas engines and engine-related component products. The Company's segments include Engine, Distribution, Components and Power Systems. The Engine segment manufactures and markets a range of diesel and natural gas powered engines under the Cummins brand name, as well as certain customer brand names, for the heavy and medium-duty truck, bus, recreational vehicle (RV), light-duty automotive and agricultural markets. The Distribution segment consists of the product lines, which service and/or distribute a range of products and services, including parts, engines, power generation and service. The Components segment supplies products, including aftertreatment systems, turbochargers, filtration products and fuel systems for commercial diesel applications. The Power Systems segment consists of businesses, including Power generation, Industrial and Generator technologies.


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Q2 retail private equity deals total $2.63 billion with Wayfair, Foot Locker and Albertsons among the big names

8:45 am ET August 21, 2020 (MarketWatch)

Private equity deals in the retail sector totaled $2.63 billion in the second quarter with well-known names involved in some of the biggest agreements, according GlobalData. The total value is 11.9% higher than the first quarter, but marks an 11% decline from the previous four-quarter average of $2.96 billion. The top five deals account for nearly 96% of Q2 deal value. During the quarter, Albertsons Cos. Inc. entered into a $1.75 billion deal with Apollo Global Management. Wayfair Inc. (W) signed an agreement with CBEP Investments, GHEP VII Aggregator and The Spruce House Partnership for $535 million. And Foot Locker Inc. (FL), which announced its second-quarter earnings ( on Friday, entered into a $169 million deal with Vesa Equity Investment. The SPDR S&P Retail ETF (XRT) has gained 12.5% for the year to date while the S&P 500 index is up 4.8% for the period.

-Tonya Garcia; 415-439-6400;

(END) Dow Jones Newswires

August 21, 2020 08:45 ET (12:45 GMT)

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