DealFlow: Local M&A roundup for 7.24.13

Harris Williams & Co.
The firm acted as exclusive financial advisor to Water Pik, Inc. in its sale to MidOcean Partners and Vulcan Capital. Water Pik was a portfolio company of EG Capital Group and The Carlyle Group. Harris Williams & Co. acted as the exclusive financial advisor to Water Pik. Tim Alexander, John Neuner, Ryan Budlong and Brett Morris worked the deal for Harris Williams.
Transaction value: not disclosed
Transaction date: July 8

Harris Williams was exclusive advisor to United Pipe & Steel Corp. in its sale to Morgenthaler Private Equity. Bob Baltimore, Bill Roman, Jay Hernandez and Matt Volinsky worked the deal.
Transaction value: not disclosed
Transaction date: June 12

BB&T Capital Markets
The firm served as underwriter on HD Supply Holdings’ initial public offering of 61.17 million shares at $18 per share. Ryan Mitchell, Andrew Latimer, Chas Straface, Pat O’Shea, Mike Essex, Eric Watson and Adam Hahn worked the deal for BB&T Capital.
Transaction value: $1.1 billion
Transaction announced: July 1

BB&TCM served as exclusive financial advisor to C&F Financial Corp. in its pending acquisition of Central Virginia Bankshares. It’s an all-cash deal valued at $0.32 per common share. G. Jacob Savage III, Alexander Spotts, Andrew Jones and Blake Miller worked the deal.
Transaction value: $855,000
Transaction announced: June 20

The firm served as lead sales agent of First Virginia Community Bank’s offering of 1.62 million shares at $13.50 per share. G. Jacob Savage III, David Wojdyla, Alexander Spotts, Marshall Milliken, Michael Essex, Eric Watson and Adam Hahn worked the deal.
Transaction value: $21.9 million
Transaction announced: June 13

The firm served as co-manager of KAR Auction Services’ offering of 15 million shares of common stock at $21.25 per share. The offering was on behalf of shareholder KAR Holdings II, LLC, made up of Kelso, L.P., Goldman, Sachs & Co., PIA, ValueAct Capital, Parthenon and KAR management.
Transaction value: $318.75 million
Transaction announced: June 11

Real Estate
Richmond-based Dodson Property Management acquired Mechanicsville-based Property Managers of Virginia. The purchase added 93 single-family homes to Dodson’s stable of properties.
Transaction value: six figures (exact amount not disclosed)
Transaction announced: July 8

Broadcasting
Chicago-based Tribune Company announced a deal Monday to acquire 19 television stations, including WTVR Channel 6 in Richmond, from Local TV Holdings LLC.
Transaction value: $2.72 billion
Transaction announced: July 2

Automotive
Locally-based Haley Automotive Group acquired a controlling interest of Mooers Volvo of Richmond and Mooers Volvo of Midlothian. Haley operates six dealerships in the state, including four in the Richmond area.
Transaction value: not disclosed
Transaction announced: June 27

Banking
Richmond-based Union First Market Bank announced a deal to acquire Christiansburg-based StellarOne Bank. The deal will create the largest community bank in the state, with assets of more than $7 billion and more than 140 branches that cover Richmond, Fredericksburg and Charlottesville and extend west to Roanoke, Blacksburg and Staunton.
Transaction value: estimated at $445 million
Transaction announced: June 10

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