The company confirmed it has identified a buyout candidate and is exploring others as it seeks to fill a gap in its industrial capacity for skin and hair care products in the U.S.
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Stride is a nationally chartered bank serving consumers, businesses and fintech partners.
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The $650 million fund represents a substantial increase from Tyree & D’Angelo Partners’ third fund, which closed at $350 million.
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HGP develops load-following technology for nuclear power plants.
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The combination is expected to have approximately $75 billion in assets, $58 billion in loans, $59 billion in deposits and 254 branches.
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