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Long Path Partners Completes Take-Private Acquisition of Idox plc

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NEW YORK and LONDON, May 5, 2026 /PRNewswire/ — Long Path Partners, LP (“Long Path” or “LPP”), a U.S.-based investment manager, today announced that Frankel UK Bidco Limited (“Frankel”), a newly formed company indirectly owned by funds managed by Long Path, has completed its acquisition of Idox plc (“Idox” or “the Company”), a leading UK provider of specialist information management software and geospatial data solutions to the public sector and regulated industries.

Under the terms of the transaction, Idox shareholders are entitled to receive 71.5 pence in cash for each Idox share they hold, valuing Idox at approximately £339.5 million on a fully diluted equity basis. The offer price represented a premium of approximately 26.8% to the closing price of Idox shares on October 27, 2025, the last business day prior to the initial announcement of the transaction, and a 29.3% premium to the one-month volume-weighted average price over the same period.

The acquisition, originally announced on October 28, 2025 and subsequently implemented as a contractual takeover offer under the UK Takeover Code, received the overwhelming support of Idox shareholders representing well in excess of the acceptance threshold required for the offer to become unconditional.

A Partnership for the Next Phase of Growth

For more than 25 years, Idox has served as a trusted technology partner to local authorities, regulators, and industrial clients, delivering mission-critical software that underpins planning, building control, environmental health, licensing, elections management, and engineering information management. Today, more than 90% of UK local authorities rely on Idox software to deliver core public services to their citizens.

Leadership Commentary

Kyle Warren and John Cresson, who co-lead Long Path’s private equity strategy, said:

“We are thrilled to partner with the Idox team to steer the company through its next phase of growth. Our public funds have been Idox shareholders for nearly eight years, and closing this transaction is the culmination of a long-held conviction in the business. Idox has demonstrated a remarkable ability to deliver world class, mission-critical software solutions to government and government-adjacent customers in the UK and around the world. In close partnership with the management team, we intend to invest meaningfully in the product roadmap, customer experience, and the next generation of AI-enabled capabilities, building an even stronger Idox to partner with its customers over the decade ahead.”

David Meaden, Chief Executive Officer of Idox, said:

“Idox exists to help public and private sector customers use software and data solutions to operate more effectively, providing critical services for the communities that depend on them. Long Path has been a thoughtful, long-term shareholder who has understood our business and our mission from the outset, and they are the right partner for the next chapter. With their backing, we will continue to invest in developing our people, our products and services to bring customer value. This next chapter allows us to accelerate the innovation our customers need while preserving the reliability and domain expertise that have defined Idox since its founding.”

Advisors

Kirkland & Ellis LLP and Ropes & Gray LLP served as legal counsel to Long Path. Canaccord Genuity Limited served as financial advisor to Long Path. Rothschild & Co served as financial advisor to Idox, and Pinsent Masons LLP served as legal counsel to Idox.

About Long Path Partners

Long Path Partners is a U.S.-based investment manager focused on long-term partnerships with, and investments in, high-quality, durable businesses around the world. The firm makes concentrated, long-duration investments across public and private markets, emphasizing business quality, alignment with management teams, and a collaborative approach to creating enduring value for all stakeholders. For more information, visit www.longpathpartners.com.

About Idox plc

Idox is a leading supplier of specialist information management software and geospatial data solutions to the public sector and regulated industries in the UK and internationally. The Company’s software supports mission-critical workflows across planning, building control, environmental health, licensing, elections, land and property, and engineering information management. Idox serves more than 90% of UK local authorities, together with central government agencies, regulators, and blue-chip commercial customers in sectors including energy, transport, and engineering. For more information, visit www.idoxgroup.com.

Media Contacts

Long Path Partners
Kelly Galvin, Head of Investor Relations
IR@longpathpartners.com

Idox plc
Nicky Tramaseur, Head of PR, Communications, and Digital Marketing
Nicky.Tramaseur@idoxgroup.com

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SOURCE Long Path Partners

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SpeedBuilder Systems Celebrates 25 Years of Building Technology and Lasting Relationships in the P&C Insurance Industry

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From its beginnings with a rating solution to an integrated insurance platform, SpeedBuilder Systems marks a quarter-century of helping insurers adapt, innovate, and grow.

COLUMBIA, S.C., Oct. 20, 2026 /PRNewswire/ — SpeedBuilder Systems, Inc. (SBS), an award-winning provider of software-as-a-service (SaaS) solutions for the property and casualty (P&C) insurance industry, is celebrating its 25th anniversary, marking a quarter-century of delivering flexible insurance technology and building long-term relationships with its clients.

Founded on October 10, 2001, by Rod Giess, president of SpeedBuilder Systems, the company began with a vision and a rating solution designed to help insurers bring products to market more efficiently.

“When I started SpeedBuilder Systems, my goal wasn’t to be the biggest. It was simply to be the best at delivering quality technology that would help our clients get to market as quickly as possible,” said Giess. “I believed then, as I do today, that innovative insurance companies deserve access to sophisticated technology, regardless of their size.”

As the business developed, Giess recognized the need for a policy administration system to complement the company’s rating solution. What began as two complementary capabilities has grown into the BindExpress Suite, an integrated insurance platform supporting policy administration, rating, underwriting, billing, claims, and other core insurance operations. Designed for small to medium-sized property and casualty insurers and managing general agents (MGAs), the platform provides the flexibility to accommodate unique business requirements while supporting growth and changing market demands.

Throughout its history, SBS has maintained a consistent philosophy: technology should support an insurer’s business objectives rather than dictate how the organization operates. That approach is reflected in the company’s commitment to configurable software, long-term technology planning, and close collaboration with its clients.

“I’m very proud of how far this company has come, but what means the most to me are the relationships we’ve built along the way,” Giess continued. “Our clients have trusted us with an important part of their businesses, and we’ve never taken that responsibility lightly. I’m grateful to our clients for their continued partnership and to our team, past and present, whose dedication and hard work have brought us to this milestone.”

As SpeedBuilder Systems looks ahead, the company remains committed to helping insurers adapt to an evolving industry while maintaining greater control over their technology and business operations. The company will continue investing in its technology, strengthening client relationships, and supporting insurers as they pursue new opportunities.

About SpeedBuilder Systems

Founded in 2001, SpeedBuilder Systems, Inc. provides enterprise-class insurance software solutions for small and medium-sized property and casualty insurers and MGAs. Its BindExpress Suite® is an integrated set of components including policy administration, rating, automated underwriting, agent and consumer portals, product configuration, billing, claims, automated workflow, and document generation. The company’s AlwaysCurrent Architecture™ enables customers to tailor the system to their unique requirements while adopting future product enhancements without costly retrofitting of customized code.

For more information, visit www.speedbuildersystems.com.

Media Contact
Amy Gillespie
SpeedBuilder Systems, Inc.
agillespie@speedbuildersystems.com

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SOURCE SpeedBuilder Systems, Inc.

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Ally Financial reports third quarter 2026 financial results

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CHARLOTTE, N.C., Oct. 20, 2026 /PRNewswire/ — Ally Financial (NYSE: ALLY) today reported its third quarter 2026 results. View full press release in PDF.

The news release, presentation and financial supplement can be accessed in the following ways:

Ally Financial Press Room at https://media.ally.comAlly Financial Investor Relations website at https://ally.com/about/investor/

Ally will host a conference call at 9 a.m. ET to review the company’s performance. The call will include a review of the results, followed by a question and answer session.

Conference Call Information: Conference call participation is available via webcast or dial-in. The webcast will be live on Ally’s Investor Relations website in the Events & Presentations section (https://www.ally.com/about/investor/events-presentations/index.html).

To join the conference via dial-in, please pre-register via the following link at least 15 minutes before the call begins: https://register-conf.media-server.com/register/BI8d7b2a06520a45f6ac94fe9a466d5343. Upon registration, you will be provided with the conference dial-in number as well as a unique registrant ID.

A replay of the call will be available via webcast on the Ally Investor Relations website.

About Ally Financial
Ally Financial Inc. (NYSE: ALLY) includes the nation’s largest all-digital bank and auto finance business, driven by a mission to “Do It Right” for its customers and communities. Ally is a U.S. financial holding company with $203 billion in assets and 9.7 million customers (as of September 30, 2026). Ally Bank, Member FDIC, offers online banking products, including high-yield savings and no hidden fee checking, and was the first major U.S. bank to eliminate overdraft fees. Ally also provides investing solutions through Ally Invest, including online brokerage, automated investing, IRAs and personal advice. As a leader in auto finance, Ally provides consumer and dealer financing, insurance, and vehicle remarketing services. Ally’s seasoned corporate finance business provides capital to equity sponsors and middle-market companies. Visit ally.com.

Contacts:

Dan Ignacio
Ally Investor Relations
704-444-5107
dan.ignacio@ally.com

Peter Gilchrist
Ally Communications (Media)
704-644-6299
peter.gilchrist@ally.com

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SOURCE Ally Financial

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ITURAN LOCATION AND CONTROL LTD. SCHEDULES THIRD QUARTER 2026 RESULTS RELEASE AND CONFERENCE CALL FOR NOVEMBER 24, 2026

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Conference Call Scheduled at 9am Eastern Time

AZOUR, Israel, Oct. 20, 2026 /PRNewswire/ — Ituran Location and Control Ltd. (NASDAQ: ITRN), announced that it will be releasing its third quarter 2026 results on Tuesday, November 24, 2026.

The Company will be hosting a video conference call later that day via Zoom, starting at 9am Eastern Time, 6am Pacific Time and 4pm Israel time. On the call, management will review and present the results and will be available to answer investor questions.

To participate in the Zoom call, please register at the following link:
https://us06web.zoom.us/webinar/register/WN_9R8KjpHlR4GccJZZdrYPEQ  

Following registration, you will be sent the link to the conference call which is accessible either via the Zoom app, or alternatively from a dial-in telephone number. If you have an issue with registration, please contact the Ituran investor relations team, well in advance of the call.

For those unable to participate, the call will be available for replay through the same link, or from a link to the recording on Ituran’s website, beginning within a few hours following the end of the call.

About Ituran

Ituran is a leader in the mobility technology field, providing value-added location-based services, including a full suite of services for the connected car. Ituran offers Stolen Vehicle Recovery, fleet management, as well as mobile asset location, management and control services for vehicles, cargo and personal security for the retail and insurance industries and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel Aviv-based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran’s subscriber base has been growing significantly since the Company’s inception to over 2.7 million subscribers using its location-based services with a market-leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Colombia, India, Canada and the United States.

For more information, please visit Ituran’s website, at: www.ituran.com

 

 

Company Contact

Udi Mizrahi

Deputy CEO and VP Finance, Ituran

udi_m@ituran.com

(Israel) +972 3 557 1348

International Investor Relations

Ehud Helft

EK Global Investor Relations

ituran@ekgir.com

(US) +1 212 378 8040  

 

 

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SOURCE Ituran Location and Control Ltd.

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