DealFlow: M&A Roundup for 11.11.11

Harris Williams & Co.
Harris Williams acted as the exclusive financial advisor to Indiana-based NESCO, LLC, in its sale to Platinum Equity. NESCO is a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. Drew Spitzer, Matt White, Ned Valentine and Corey Benjamin worked the deal for Harris Williams.
Transaction value: not disclosed
Transaction announced: Oct. 31

Dominion Partners
The local investment banking firm represented the management of Colortree Inc. and Graphics Innovations in their sale to Boathouse Capital, a Pennsylvania private equity firm and other individual buyers. The two companies were combined into Colortree Group.
Transaction value: not disclosed
Transaction announced: Nov. 2

BB&T Capital Markets
BB&T Capital Markets served as joint lead manager of Ashford Hospitality Trust’s sale of 1.28 million shares of preferred stock at $23.47 per share. Peter Suazo, David Wojdyla, Alexander Spotts and Daniel Bacon worked the deal for BB&T.
Transaction value: $30 million
Transaction announced: Oct. 27

BBTCM serves as senior co-manager of Main Street Capital’s public offering of 3 million shares of its common stock $17.50 per share. G. Jacob Savage III, Daniel Pake, Alexander Spotts and Benjamin Bartlett worked the deal for BB&T.
Transaction value: $52.5 million
Transaction announced: Oct. 25

BBTCM served as a co-manager on a bond offering from Tulsa, Okla.-based Laredo Petroleum.
Transaction value: $200 million
Transaction announced: Oct. 12

BBTCM served as a co-manager on Mississippi Power Co.’s offering of senior notes. Transaction value: $300 million
Transaction announced: Oct. 11

Tredegar Corp.
Tredegar subsidiary Tredegar Film Products Corporation, made an offer to acquire 100 percent of Terphane Holdings, a manufacturer of polyester films with operations in Brazil and the U.S. The deal is still pending. Terphane is currently owned by Vision Capital, an international investment firm. Tredegar was advised by Deloitte Corporate Finance LLC.
Transaction value: $188 million
Transaction announced: Oct. 17

Benchmark Mortgage
Innsbrook-based Benchmark Mortgage sold a portion of itself to TowneBank, the largest bank headquartered in Hampton Roads. Benchmark’s top executives will remain as executive vice presidents of TowneBank Mortgage.
Transaction value: not disclosed
Transaction announced: Nov. 1.

Barricade Building Products
Barricade Building Products, a division of Specialty Coating & Laminating of Doswell, acquired Berry Plastics’ local housewrap manufacturing operations. SC&L was formed in 2010 by local investment banking firm Smither & Company Capital Markets and Envest, a private equity firm in Virginia Beach. It previously acquired another of Berry’s local operations in 2010.
Transaction value: not disclosed
Transaction announced: Nov. 2

Wheat Systems Integration
Glen Allen-based Wheat Systems Integration acquired Emory Financial Services, also a local firm. As part of the acquisition, John Emory, president and founder of EFS will join the Wheat Systems’ team.
Transaction value: not disclosed
Transaction announced: Oct. 14

Markel Ventures
The investment arm of Markel Corp. acquired a majority interest in WI Holdings, a privately held Pennsylvania company also known as Weldship that manufactures and sell tanker trailers for big rig trucks that haul gas and liquid. The deal is the fourth acquisition that Markel Ventures or one of its subsidiaries has made this year.
Transaction value: not disclosed
Transaction announced: Oct. 19

VSC Fire & Security
VSC Fire & Security, an Ashland-based security and fire protection company, acquired the assets of Fire Protection Specialists of Mobile, Ala.
Transaction value: not disclosed
Transaction announced: Nov. 2

Bostwick Laboratories
Metalmark Capital, a New York private equity firm, acquired a majority stake in Innsbrook-based Bostwick Laboratories. Bostwick founder and CEO David Bostwick will remain a shareholder.
Transaction value: not disclosed
Transaction announced: Oct. 26

Michael Schwartz is a BizSense reporter and covers M&A in Richmond. Please send news tips to [email protected]

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