DealFlow: M&A Roundup for 5.13.11

Welcome to DealFlow, a new monthly BizSense data section tracking all the recent deals (IPOs, M&A or capital raises) that local firms — investment banks, private equity, venture capital, etc. — had a hand in. DealFlow also highlights local businesses that have raised capital on their own or been party to a merger or acquisition.
To make sure your deal is included in the monthly round-up, email [email protected]

Cary Street Partners
Cary Street Partners advised the management of North Carolina-based Klaussner Furniture Industries on their buyout of operations from its parent company.
Transaction value: Undisclosed
Transaction announced: April 1

Cary Street Partners also advised the management of Atlanta-based Fadó Pubs Inc. on its recapitalization and buyout.
Transaction value: Undisclosed
Transaction announced: Feb. 23

Marriott & Co.
Marriott & Co. acted as the financial adviser to Frederick, Md.-based ComSource Inc. in its sale to Globecomm Systems Inc. Justin Marriott, Bryan Burden and Matt Improta from Marriott & Co. worked the deal.
Transaction value:  $20 million cash and $21 million based on reaching certain milestones.
Transaction announced:  April 8

Matrix Capital Markets Group
Matrix Capital Markets Group Inc. worked on a deal to sell 20 High’s Dairy Store locations to multiple buyers. Matrix provided merger and acquisition advisory services to High’s. The transaction was managed by Matrix’s Tom Kelso, who is head of the firm’s Energy and Multi-Site Retail Group. Spencer Cavalier, Matt Murphy and Sean Dooley also worked the deal.
Transaction value: Undisclosed
Transaction announced: April 21

Harris Williams & Co.
Harris Williams & Co. worked as exclusive adviser to Chromalox Inc. in its sale to Sentinel Capital Partners. Harris Williams & Co. acted as the exclusive adviser to Chromalox. The transaction was led by Drew Spitzer, Brian Lucas and Doug Kinard from Harris Williams’s Richmond office.
Transaction value: Undisclosed
Transaction announced: April 14

Harris Williams’s London office advised The Mill, a portfolio company of The Carlyle Group, to Barclays Private Equity.
Transaction value: £119 million, about $195.1 million
Transaction announced: April 19

Harris Williams acted as exclusive adviser to Best Doctors Inc. as it received a minority investment from Japan-based Nippon Life Insurance Company. The transaction was led by Garin Arevian from Harris Williams’s Technology, Telecom & Digital Media Group, along with Turner Bredrup and Cheairs Porter from the firm’s Healthcare & Life Sciences Group and Matt White and Marshall Croft from the firm’s Richmond office.
Transaction value: Undisclosed
Transaction announced: April 14

BB&T Capital Markets
BB&T Capital Markets served as joint-lead arranger for Raleigh-based Martin Marietta Material’s $600 million credit facility.
Transaction announced: March 31

BB&T Capital Markets served as the exclusive financial adviser to Cargo Airport Services when it was acquired by ICV Partners, a New York-based private equity group.
Transaction value: Undisclosed
Transaction announced: March 31

BB&T Capital Markets served as exclusive financial adviser to Philadelphia-based SCO Logistics Inc. on its sale to Dallas-based Transplace Inc. Frank F. Mountcastle III, Jason D. Bass, Hugh K. Rabb, W. Keith Prusek and Daniel A. Bacon from BB&T Capital Markets Logistics and Transportation Services Investment Banking Group worked the deal.
Transaction value: Undisclosed
Transaction date: April 4

BB&T Capital Markets served as co-manager of Main Street Capital Corp.’s public offering of 4,025,000 shares at $18.35 per share. G. Jacob Savage III, Daniel Pake, David Wojdyla, Alexander Spotts and Daniel Bacon from BB&T’s Financial Services Group worked the deal.
Transaction value: $70.3 million.
Transaction announced: April 15

BB&T Capital Markets | Windsor Group served as the investment banking adviser to Baltimore-based Computer Sciences Corp. in its divestiture of its AdvanceMed Business Unit to Reston-based NCI Inc.
Transaction value: $62 million
Transaction announced: April 12

Dominion Benefits
The local benefits firm was acquired by Atlanta-based Digital Insurance Inc. Dominion Benefits and its 25 employees will continue to operate its employee benefit consultancy business locally.
Transaction value: Undisclosed
Transaction announced: April 20

By Invitation Only
The Short Pump-based invitation and stationery retailer sold itself to a new owner. Monica Longest Horsley sold the 21-year-old business to Kerrie DiStanlo, who also owned Polka Dot Paper Shop, an online paper store, for four years.
Transaction value: Undisclosed
Transaction announced: May 3

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