DealFlow: M&A roundup for 4.18.12

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, email [email protected]

Windward Advisors
The Manakin Sabot investment-banking firm was the exclusive adviser on the sale of Healthcare Contract Resources, a Roanoke-based medical coding services company. The buyer was an unnamed public health information management company. Steve Howell and Barry Johnson worked the deal for Windward Advisors.
Transaction value: Not disclosed
Transaction announced: April 9

Transact AOCP
Transact AOCP served as exclusive financial advisers to Haysi, Va.-based Superior Fabrication, a mining conveyor component company, in its sale to Providence Capital Partners One, a private equity group.
Transaction announced: March 15

Harris Williams & Co.
Harris Williams & Co. acted as the exclusive adviser to Cambridge International, a conveyor belt manufacturer, in its sale to Industrial Growth Partners. Cambridge was a portfolio company of Sterling Investment Partners. The transaction was led by Derek Lewis, John Klim and Ben Ross from Harris Williams’s Richmond office and Bill Roman from the firm’s Boston office.
Transaction value: Not disclosed
Transaction announced: April 11

Harris Williams & Co. was exclusive adviser to Tri-Northern Distribution, a distributor of electronic security products, in its sale to Audax Group. Tri-Northern was a portfolio company of Brazos Private Equity Partners.
Transaction value: Not disclosed
Transaction announced: April 4

Harris Williams & Co. acted as the exclusive adviser to taxidermy supply company McKenzie Sports Products in its sale to Levine Leichtman Capital Partners. McKenzie was a portfolio company of private equity firm Gridiron Capital. Harris Williams’s Richmond and Minneapolis offices led the transaction.
Transaction value: Not disclosed
Transaction announced: April 2

Matrix Capital Markets Group
Matrix provided corporate finance advisory and execution services to Pester Marketing Company in the restructuring of its debt with RBS Citizens. Pester runs convenience stores and petroleum marketing services. Spencer Cavalier, Vance Saunders and Tod Butler worked the deal for Matrix.
Transaction value: Not disclosed
Transaction announced: April 3

BB&T Capital Markets
BB&T’s Windsor Group advised Falls Church-based tech consulting company Acentia and Snow Phipps Group in their acquisition of 2020 Company LLC. John Hagan, Jon Clark, Lee Priest, Greg Woodford, Sam Maness and Greg Nossaman worked the deal for Windsor Group.
Transaction value: Not disclosed
Transaction announced: April 5

BB&TCM was exclusive financial adviser to State Line Scrap Metal, an automobile shredder in North Carolina, in its sale to the David J. Joseph Company. Matthew B. Gilman, Nicole L. Guarella and Daniel A. Bacon worked the deal for BB&T.
Transaction value: Not disclosed
Transaction announced: April 4

BB&TCM was exclusive financial adviser to Service Champ in its sale to members of the company’s management team and Snow Phipps. Service Champ was previously owned by the Halifax Group. Jonathan A. Carey, Rex H. Green, Joseph N. Sparacino, Richard A. Boghosian and Bruce M. Kelleher Jr. worked the deal for BB&T.
Transaction value: Not disclosed
Transaction announced: April 3

Genworth Financial
The Richmond financial giant completed the sale of its tax and accounting advisers unit, known as Genworth Financial Investment Services, to Los Angeles-based Cetera Financial Group.
Transaction value: Approximately $79 million (Genworth’s proceeds)
Transaction announced: April 2

Boxwood Capital Partners
The Shockoe Slip private equity firm made an investment in Richmond-based frozen yogurt chain Sweet Frog.
Transaction value: Not disclosed
Transaction announced: April 16

Windward General Contractors
The local contractor acquired assets of the Cooler Attic LLC. Windward General Contractors, LLC, a residential remodeling and light commercial contractor, has purchased certain assets of the Cooler Attic, LLC, to enhance its energy-efficient home remodeling solutions.
Transaction value: Not disclosed
Transaction announced: April 2

Best Bully Sticks
Best Bully Sticks, which makes and sells treats and other pet products, bought MyPetSavings.com, a group of websites that promotes deals on and coupons for pet products.
Transaction value: Not disclosed
Transaction announced: April 16

KSPH
KSPH, an Innsbrook insurance agency, was acquired by Marsh & McLennan Agency, a subsidiary of insurance giant Marsh.
Transaction value: Not disclosed
Transaction announced: March 13

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