Tombstones

The Alliance of M&A Advisors (The Alliance) encourages Members to submit their completed deals to tflack@amaaonline.org

 

Transaction Tombstones Recently Closed by Tequity Inc

 

Statesman

 

 

BK Corrosion, a division of Integrated Corrosion Companies, has been acquired by Enemtech Capital and members of BK Management


HOUSTON, TEXAS (December 9, 2016)
- Statesman Corporate Finance, LLC is pleased to announce that BK  Corrosion ("BK" or the "Company"), a division of   Integrated Corrosion Companies ("ICC") has been  acquired by Enemtech Capital ("Enemtech") and  members of BK Management, including BK President,  Brent Bertrand, and Vice President of Business  Development, Robert Adams. The transaction was  completed on December 2, 2016. BK Corrosion is one of  the longest established value-added distributors of  cathodic protection products used in the control and  monitoring of corrosion on metallic structures across the  upstream, midstream, and downstream oil and gas  segments, and in the municipal and utility sectors. BK's  main office, warehouse and assembly facilities are  located  in Houston, TX, with stocking branch locations in  Midland, TX and Denver, CO.

Founded in 1925 as the Brance-Krachy Co., Inc., the  corrosion products assembly and distribution division  was  rebranded as BK Corrosion subsequent to an  acquisition of the Brance-Krachy Co. in 2014 and the  consolidation of all its divisions into ICC. In 2016, ICC  offered to spin off BK Corrosion to Management. Brent  Bertrand led Management's efforts to acquire BK and  was  advised by Statesman, who also introduced Management to Enemtech. On completing the transaction, Bertrand commented, "We are absolutely thrilled with the support Enemtech provided in the acquisition of BK and look forward to gaining their experience to help us continue to grow the business both domestically and internationally."

Ravinia Capital Spec situations Large

 

 

 

 

 

Ravinia Capital Completes Sale of Medivative Technologies, LLC to Kimball Electronics Group, LLC

Ravinia Capital LLC, a Chicago-based boutique investment bank focused on sell-side M&A for distressed middle market companies, is pleased to announce the sale of Medivative Technologies, LLC, a prominent Indiana medical device manufacturer, to Kimball Electronics Group, LLC. Ravinia Capital, in collaboration with John Kemp of Wolverine Partners, led the transaction team and completed the sale process in under 90 days.

Due to a market recall of a key product line in 2015, Medivative experienced rapid profitability and liquid challenges. Once retained, Ravinia worked quickly to launch a full sales process, and marketed the Company to various distressed-focused private equity firms and strategic companies. Working closely with the Client's other professional advisors, Ravinia was able to complete the transaction swiftly and thereby avoid other restructuring options.

The Company's professional advisors on the transaction were:

Investment Bankers: 
Ravinia Capital: Tom Goldbaltt, President & Ben Schmidt, Senior Analyst
Wolverine Partners: John Kemp, Managing Partner

Legal Counsel:
Taft Stettinius & Hollister LLP: Michael O'Neil, Partner & John Humphrey, Partner

Financial Advisors:
Hamernik, LLC: Kevin Hamernik, Managing Partner and Tyler Klaehn, Associate

AMAA-BCMS-EliteIntlFoods-acquiredby-CareyMgmt AMAA-BCMS-BES-acquiredby-Terracon

 

 

 

 

Keiter StephKeiterLogoens Advisors announces the sale of Cara Donna Provision Company

February 26, 2016

Keiter Stephens Advisors ("KSA") is pleased to announce the successful sale of Cara Donna Provision Company (the "Company") located just outside of Boston, MA. to US Foods ("USF").  USF has agreed to acquire the assets of the Company in a transaction scheduled to close on March 4, 2016.

For three generations Cara Donna has been a family owned business focused on high principles and exceptional customer service.  The Company serves over 1,300 customers in several specialty markets as well as traditional foodservice operators across Massachusetts, Rhode Island, New Hampshire, Maine and Connecticut.  Members of the Cara Donna family, management and staff will remain on during a transition period to help ensure the smooth transition of the business to USF's facilities in Seabrook, NH and Norwich, CT.

"When you have over 30 years and three generations of investment, and much of your personal identity intertwined with your family business, there is a lot hanging in the balance. You must be with a firm and people you trust to bring the ship safely into port.  KSA has been that company for us.  Over several years, KSA consulted with us to help groom the company our family is so proud of to create maximum value and to give us the best options for our transition plan.  Ultimately KSA put Cara Donna in front of the right audience of potential acquirers and helped us complete the plan.  In the final analysis, there's no higher praise than to say, 'mission accomplished'.  Thank you Bill, Chris and Carroll for a job well done."
– Joe Cara Donna III

This is the 28th transaction Keiter Stephens Advisors has completed in the foodservice distribution industry.  We have advised many other owners to determine the value of their business in an industry with ever shifting market conditions.


DiPure
Announcement  Transaction

Statesman

 DiPure Water Technologies has been Acquired by Ultrapure & Industrial Services, LLC.

HOUSTON, TEXAS (November 3, 2015) - Statesman Corporate Finance, LLC ("Statesman") is pleased to announce that DiPure Water Technologies, LLC. ("DiPure") has been acquired by Ultrapure & Industrial Services, LLC ("Ultrapure"), a subsidiary of Driessen Water, Inc. headquartered in Northfield, Minnesota. Driessen Water is a privately-held company with over 22 offices throughout the United States that traces its roots back to one of the earliest pioneers of water treatment in America, E.J. Culligan - the founder of Culligan Water. Ultrapure is the industrial arm of Driessen and is a full service water treatment solution and equipment provider.

KLH COMPLETES RECAPITALIZATION OF BLUSKY RESTORATION - MAY, 2015

Blusky_tombstone - KLHKLH Capital is pleased to announce that it has partnered with the management team of BluSky Restoration ("BluSky") to complete a recapitalization of the business.

Member(S) Involved:  Kyle Madden

 

EBIT ASSOCIATES ADVISED BRAINBITS, LLC. IN ITS SALE TO MPG EQUITY PARTNERS, LLC CHICAGO – January 31, 2014

BrainBitsEBIT Associates, a leading Illinois-registered, lower middle-market investment bank and several accredited association member firms, announced today that it advised BrainBits, L.L.C. (“BrainBits”) in its sale to MPG Equity Partners, L.L.C. (“MPG Equity”), for an undisclosed amount in cash.

Member(s) involved: Todd Cushing, CM&AA

ACT Capital Advisors represented Diversified Technologies Services, Inc. of Knoxville, TN

perry campbell tombstoneIn this transaction in which they combined forces with AVANTech, Inc. of Columbia, SC.

Member(s) Involved: K. Perry Campbell, CM&AA

Rippe Kingston Capital Advisors Guides Mackinac Island Acquisition

Rippe Kingston Capital Advisors Guides Mackinac Island AcquisitionRippe & Kingston Capital Advisors (RKCA) served as the exclusive Capital Advisory firm to Jim Wynn, a Michigan attorney in a recent transaction. Mr Wynn, along with an investor group, recently purchased the Arnold Transit Company, Union Terminal Piers, Straits Transit Company and associated real estate in northern Michigan. Wynn, who lives in Petoskey, Michigan chose RKCA to assist him in arranging the financing for the purchase. "I was introduced to Rippe & Kingston by mutual friends and business associates in the Cincinnati area. RKCA went above and beyond the usual duties of capital advisors. This transaction would not have come to fruition without RKCA's extraordinary efforts.," Wynn says. As a registered broker-dealer, RKCA was able to offer additional financing solutions. They arranged senior bridge financing with backing from a guarantor group so Wynn was able to acquire both the Arnold Transit Company and other entities. Arnold is the largest of three ferry service providers and the major freight transport to and from Mackinac Island, Michigan.

Member(s) Involved: Brent Rippe, CM&AA

Schenck M&A Solutions Advises Triton Corporation on Sale of Trailer Manufacturing Business

Schenck M&A Solutions Advises Triton Corporation on Sale of Trailer Manufacturing BusinessSchenck M&A Solutions (a division of Schenck SC) advised Triton Corporation on the sale of their business to Jacsten Holdings, LLC. Triton has been a family owned and operated trailer manufacturing business since its founding in 1975 and is one of the oldest aluminum trailer manufacturers for recreational vehicles and utility uses in North America. Triton offers a comprehensive product line of trailers for the snowmobile, ATV, utility, cargo, motorcycle, car hauler, personal watercraft and pontoon markets. Built over the past 37 years, Triton enjoys unrivaled brand name recognition given its commitment to providing quality products to the market and its unwavering commitment to stand behind those products. Jacsten is a Milwaukee based private investment firm.

Member(s) Involved: Ann Hanna, CM&AA

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