DealFlow: M&A roundup for 3.26.14

Matrix Capital Markets Group

Matrix provided merger and acquisition advisory services to the members of Ports Investments on the successful sale of its controlling ownership interest in Horizontal Wireline Services. Horizontal was purchased by Allied Wireline Services, a portfolio company of Turnbridge Capital. The transaction was managed by Tom Kelso and Spencer Cavalier.
Transaction value: not disclosed
Transaction announced: March 12

Cary Street Partners

The firm acted as financial advisor to Y-T Holdco as it acquired Thorco Holdings Inc. Y-T was a holding company formed by PCP Management Company and Imperial Private Equity.
Transaction value: not disclosed
Transaction announced: Feb. 12

Transact Capital

The firm worked as the exclusive financial advisor to Health Savings Administrators as it was acquired by private equity firm Bluff Point Associates. Jim Sowers at Transact Capital managed the transaction.
Transaction value: not disclosed
Transaction announced: Feb. 19

Boxwood Partners

Boxwood acted as the exclusive advisor to Virginia Beach-based reQuire, LLC on its sale to L2 Capital Partners. Patrick Galleher, Bobby Morris and Brian Alas worked the deal for Boxwood.
Transaction value: not disclosed
Transaction announced: Feb. 24

BB&T Capital Markets

The firm served as the exclusive financial advisor to CURT, a portfolio company of Pfingsten Partners, in its acquisition by Audax Group.
Transaction value: not disclosed
Transaction announced: March 4

Harris Williams & Co.

Harris Williams acted as the exclusive advisor to Windy City Wire Cable & Technology Products in a management buyout. Windy City Wire was a portfolio company of Seidler Equity Partners. The transaction was led by Bob Baltimore, Dave Kennedy, Patrick McNulty and Karl Kirkeby from Harris Williams.
Transaction value: not disclosed
Transaction announced: March 20

The firm was exclusive advisor Unitrans International Logistics as it was acquired by Roadrunner Transportation Systems. Unitrans was a portfolio company of Palm Beach Capital and Logisticap Partners. Frank Mountcastle, Jason Bass, Jeff Burkett, Jeff Kidd and Carl Hardie worked the deal for Harris Williams.
Transaction value: not disclosed
Transaction announced: March 18

The firm acted as the exclusive advisor to ICCNexergy in its sale to KRG Capital Partners. ICC was owned by from Inverness Graham Investments. John Neuner, Bob Baltimore, David Allebach and Josh Garner worked the deal.
Transaction value: not disclosed
Transaction announced: March 17

The firm is acting as the exclusive advisor to Focus Corp., a portfolio company of KRG Capital Partners in a deal for it to be acquired by WSP Global Inc. in an all cash deal. The transaction is expected to close in the second quarter. Drew Spitzer, Brian Lucas, Tiff Armstrong, Matt White and Chris Burnham are working the deal.
Transaction value: $366 million
Transaction announced: March 12

The firm was exclusive advisor to Port Logistics Group in its sale to Endeavour Capital. PLG was a portfolio company of Austin Ventures. The transaction was led by Jason Bass, Frank Mountcastle, Joe Conner, Jeff Burkett and Jeff Kidd from Harris Williams.
Transaction value: not disclosed
Transaction announced: March 6

Harris Williams acted as an advisor to NESCO on the sale of the business from Platinum Equity to Energy Capital Partners. Drew Spitzer, Matt White, Chris Burnham and Ian Thomas worked .
Transaction value:
Transaction announced: Feb. 27

The firm is acting as financial advisor to Gypsum Management and Supply in a for it to sell a majority equity stake to AEA Investors. The transaction is expected to close in the first quarter of 2014. Mike Hogan, Ryan Nelson, Chris Williams, Brad Morrison and Jason Klinghoffer worked the deal.
Transaction value: not disclosed
Transaction announced: Feb. 12

Banking

Xenith Bank and its parent company announced the pending acquisition of Colonial Virginia Bank, a $115 million Gloucester-based institution. As part of the deal, shareholders of CVB will receive 2.65 shares of Xenith stock for each CVB share they own. It’s expected to close this year.
Transaction announced: March 21
Transaction value: $9.7 million

Healthcare

Bon Secours Virginia Health System has a deal in the works to acquire Rappahannock General Hospital, a 100,000-square-foot facility about 70 miles east of Richmond in Kilmarnock, Va. The health system includes eight additional off-site medical office buildings.
Transaction announced: Feb. 13
Transaction value: not disclosed

Storage

SmartBox, a Richmond-based firm that rents onsite self-storage pods through 19 locations around the country, was acquired by moving giant SIRVA.
Transaction value: not disclosed
Transaction announced: March 11

Media

Media General, the downtown-based TV-station operator, announced it will pay $1.6 billion to acquire LIN Media in a massive deal that will create a colossal firm owning 74 TV stations in 46 markets. Media General will also take on about $1 billion in LIN’s debt. The deal is expected to close next year.
Transaction value: $2.6 billion
Transaction announced: March 21

Technology

Chesterfield-based AIBioTech acquired ImmunoTox Inc., a downtown company founded by a Virginia Commonwealth University scientist nearly 30 years ago.
Transaction value: not disclosed
Transaction announced: March 20

Leave a Reply
To foster a civil discussion, please use your full name and email address.

avatar
  Subscribe  
Notify of