DealFlow: M&A roundup for 3.14.12

DealFlow is a monthly BizSense data section tracking recent IPOs, M&As or capital raises in which local firms — investment banks, private equity, venture capital, etc. — had a hand. 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 roundup, please email [email protected].

Cary Street Partners
Cary Street Partners served as the financial advisor to Northpoint Commercial Finance LLC in the launch of new finance platform with Perella Weinberg Partners’ Asset Based Value strategy. Northpoint also secured a credit facility from Goldman Sachs Bank USA. Joe Brower, Tom Tullidge and Thomas Light worked the deal for Cary Street Partners.
Transaction value: not disclosed
Transaction announced: March 13

Ewing Bemiss & Co.
Ewing Bemiss & Co. represented Rocky Mount, Va.-based Rocky Top Building Products in its sale to Great Southern Wood Preserving. Rocky Top is a distributor of pressure treated lumber and specialty wood products.
Transaction value: not disclosed
Transaction announced: Feb. 8

Matrix Capital Markets Group
Matrix served as exclusive advisor to North American Propane on its sale to NGL Energy Partners. NAP is a distributor of propane and industrial gases based in Massachusetts. Mike Morrison, Bill Kerkam, David Shoulders and William O’Flaherty worked the deal for Matrix.
Transaction value: $66.8 million
Transaction announced Feb. 8

Matrix provided merger and acquisition advisory services to Hanover, Md.-based High’s of Baltimore in its sale to the Carroll Independent Fuel Company. High’s operates 46 retail convenience stores and gas stations around Maryland. Tom Kelso and Spencer Cavalier worked the deal for Matrix.
Transaction value: not disclosed
Transaction announced: March 1

BB&T Capital Markets
BB&T Capital Markets served as exclusive financial advisor to Crescent Healthcare, in its sale to Walgreen Co. Michael J. Weber, Nick S. Konstantinou, Phillip R. Knotts, Brent A. Simon and Mike J. Barry worked the deal for BB&T.
Transaction value: not disclosed
Transcation announced: Feb. 10

BB&TCM served as co-manager of Health Care REIT’s public offering of 20.7 million shares at $53.50 per share. Peter Suazo, David Wojdyla, Alex Spotts, Ben Bartlett, Pat O’Shea, Mike Essex, Eric Watson and Austin Harris worked the deal.
Transaction value: $1.1 billion
Transaction announced: Feb. 29

BB&TCM served as exclusive financial advisor to Vista-Pro Automotive in the sale of its heavy duty division to Resilience Capital Partners.
Transaction value: not disclosed
Transaction announced: March 5

Harris Williams & Co.
Harris Williams & Co. advised FlexHead Industries in its sale to Atkore International.
Transaction value: not disclosed
Transaction announced: Feb. 20

Harris Williams advised Western Institutional Review Board in its sale to Arsenal Capital Partners.
Transaction value: not disclosed
Transaction announced: March 1, 2012

Harris Williams advised Wakefield Thermal Solutions in its sale to the Heico Companies.
Transaction value: not disclosed
Transaction announced: March 1

Harris Williams Advises Universal Air Filter in its Sale to Strategic Buyer Filtration Group
Transaction value: not disclosed
Transaction announced: March 2

Virginia Green Lawn Care
Richmond-based Virginia Green Lawn Care acquired Beaver Tree and Lawn Service, another local company. Virginia Green now has more than 35 employees.
Transaction value: not disclosed
Transaction announced: Feb. 13

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