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].
Smither & Company Capital Markets
Smither & Company Capital Markets acted as the exclusive adviser to J.L. Souser & Associates as it received an equity investment by Hampton Roads-based Envest III. Ken Smither worked the deal for Smither & Company.
Transaction value: Not disclosed
Transaction announced: May 17
Smither & Company acted as exclusive adviser to Barricade Building Products, a division of Specialty Coating & Laminating, LLC, in its acquisition of Covalance Specialty Coatings in Doswell. Smither also worked an equity round and negotiated an increase in the company’s credit facilities to finance the acquisition. Ken Smither worked the deal.
Transaction value: Not disclosed
Transaction announced: May 17
Matrix Capital Markets Group
Matrix worked a deal to help Texas gas station and convenience store operator Strasburger Enterprises sell 23 of its locations to 7-Eleven.
Transaction value: Not disclosed
Transaction announced: June 11
Davenport & Company
Davenport was the financial adviser to Richmond-based Peoples Bank of Richmond as it was acquired by First Community Bank. Gary Penrose, Alan Vaughan and Peyton Woodard worked the deal for Davenport.
Transaction value: $40 million
Transaction announced: June 4
EnVest Media
The Richmond-based M&A advisory firm represented Blue Ridge Broadcasting in its acquisition of the assets of WJRK-FM in Knoxville, Tenn., from South Central Communications. Mitt Younts worked the deal for EnVest Media.
Transaction value: $1.5 million
Transaction announced: May 24
Harris Williams & Co.
Harris Williams & Co. acted as the exclusive adviser to Silverchair Learning Systems in its sale to Vista Equity Partners. Sam Hendler worked the deal for Harris Williams.
Transaction value: Not disclosed
Transaction announced: May 22
HW&Co. acted as the exclusive adviser to Roofing Supply Group in its sale to Clayton, Dubilier & Rice. RSG was a portfolio company of the Sterling Group. Mike Hogan, Hiter Harris, Ryan Nelson, Brent Spiller and Brad Morrison worked the deal.
Transaction value: Not disclosed
Transaction announced: June 1
HW&Co. acted as the exclusive adviser to Casedhole Solutions in its sale to C&J Energy Services. Casedhole was a portfolio company of Intervale Capital. The transaction was led by Harris Williams’s Drew Spitzer, Brian Lucas, Luke Semple and Corey Benjamin.
Transaction value: $272.5 million
Transaction announced: June 7
BB&T Capital Markets
BB&T Capital Markets served as a co-manager of the IPO of Edgen Group. It offered 15 million shares at $11 each. Matthew B. Gilman, Ryan J. Mitchell, Jonathan A. Brabrand, Nicole L. Guarella, Andrew A. Latimer, Allan C. Cruickshanks, Pat O’Shea, Mike Essex, Eric Watson and Austin Harris worked the deal for BB&T.
Transaction value: $165 million
Transaction announced: May 24
BB&TCM served as co-manager of America First Tax Exempt Investors’ stock offering of 12.65 million shares at $5.06 per share. Peter Suazo, David Wojdyla, Seth Berman, Mike Barry, Mike Essex, Eric Watson and Austin Harris worked the deal for BB&T.
Transaction value: $64 million
Transaction announced: June 7
Health Informatics International and Wheat Systems Integration
The two local IT companies merged to form Infian. Beth Evans, former chief executive of HII, stayed on as CEO of Infian.
Transaction value: Not disclosed
Transaction announced: May 28
Performance Food Group
Local food distribution company PFG announced it will acquire Institution Food House from Alex Lee, Inc. IFH is a $600 million foodservice distributor based in Hickory, N.C.
Transaction value: Not disclosed
Expected closing date: June
Vistar, a division of PFG, said it would acquire Liberty Distribution Company of Chandler, Ariz.
Transaction value: Not disclosed
Expected closing date: June
Long & Foster Real Estate Inc.
Long & Foster acquired Midlothian-based real estate firm C. Porter Vaughan. The combined office is housed at the former C. Porter Vaughan location at 2931 Polo Parkway in Midlothian. Donna Procise, managing broker, will lead the team.
Transaction value: Not disclosed
Transaction announced: June 5
Filtrona Porous Technologies
The locally based maker of fluid handling components and its parent company acquired John R. Lyman Company and Big Blue Properties LLC.
Transaction value: Not disclosed
Transaction announced: June 14
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].
Smither & Company Capital Markets
Smither & Company Capital Markets acted as the exclusive adviser to J.L. Souser & Associates as it received an equity investment by Hampton Roads-based Envest III. Ken Smither worked the deal for Smither & Company.
Transaction value: Not disclosed
Transaction announced: May 17
Smither & Company acted as exclusive adviser to Barricade Building Products, a division of Specialty Coating & Laminating, LLC, in its acquisition of Covalance Specialty Coatings in Doswell. Smither also worked an equity round and negotiated an increase in the company’s credit facilities to finance the acquisition. Ken Smither worked the deal.
Transaction value: Not disclosed
Transaction announced: May 17
Matrix Capital Markets Group
Matrix worked a deal to help Texas gas station and convenience store operator Strasburger Enterprises sell 23 of its locations to 7-Eleven.
Transaction value: Not disclosed
Transaction announced: June 11
Davenport & Company
Davenport was the financial adviser to Richmond-based Peoples Bank of Richmond as it was acquired by First Community Bank. Gary Penrose, Alan Vaughan and Peyton Woodard worked the deal for Davenport.
Transaction value: $40 million
Transaction announced: June 4
EnVest Media
The Richmond-based M&A advisory firm represented Blue Ridge Broadcasting in its acquisition of the assets of WJRK-FM in Knoxville, Tenn., from South Central Communications. Mitt Younts worked the deal for EnVest Media.
Transaction value: $1.5 million
Transaction announced: May 24
Harris Williams & Co.
Harris Williams & Co. acted as the exclusive adviser to Silverchair Learning Systems in its sale to Vista Equity Partners. Sam Hendler worked the deal for Harris Williams.
Transaction value: Not disclosed
Transaction announced: May 22
HW&Co. acted as the exclusive adviser to Roofing Supply Group in its sale to Clayton, Dubilier & Rice. RSG was a portfolio company of the Sterling Group. Mike Hogan, Hiter Harris, Ryan Nelson, Brent Spiller and Brad Morrison worked the deal.
Transaction value: Not disclosed
Transaction announced: June 1
HW&Co. acted as the exclusive adviser to Casedhole Solutions in its sale to C&J Energy Services. Casedhole was a portfolio company of Intervale Capital. The transaction was led by Harris Williams’s Drew Spitzer, Brian Lucas, Luke Semple and Corey Benjamin.
Transaction value: $272.5 million
Transaction announced: June 7
BB&T Capital Markets
BB&T Capital Markets served as a co-manager of the IPO of Edgen Group. It offered 15 million shares at $11 each. Matthew B. Gilman, Ryan J. Mitchell, Jonathan A. Brabrand, Nicole L. Guarella, Andrew A. Latimer, Allan C. Cruickshanks, Pat O’Shea, Mike Essex, Eric Watson and Austin Harris worked the deal for BB&T.
Transaction value: $165 million
Transaction announced: May 24
BB&TCM served as co-manager of America First Tax Exempt Investors’ stock offering of 12.65 million shares at $5.06 per share. Peter Suazo, David Wojdyla, Seth Berman, Mike Barry, Mike Essex, Eric Watson and Austin Harris worked the deal for BB&T.
Transaction value: $64 million
Transaction announced: June 7
Health Informatics International and Wheat Systems Integration
The two local IT companies merged to form Infian. Beth Evans, former chief executive of HII, stayed on as CEO of Infian.
Transaction value: Not disclosed
Transaction announced: May 28
Performance Food Group
Local food distribution company PFG announced it will acquire Institution Food House from Alex Lee, Inc. IFH is a $600 million foodservice distributor based in Hickory, N.C.
Transaction value: Not disclosed
Expected closing date: June
Vistar, a division of PFG, said it would acquire Liberty Distribution Company of Chandler, Ariz.
Transaction value: Not disclosed
Expected closing date: June
Long & Foster Real Estate Inc.
Long & Foster acquired Midlothian-based real estate firm C. Porter Vaughan. The combined office is housed at the former C. Porter Vaughan location at 2931 Polo Parkway in Midlothian. Donna Procise, managing broker, will lead the team.
Transaction value: Not disclosed
Transaction announced: June 5
Filtrona Porous Technologies
The locally based maker of fluid handling components and its parent company acquired John R. Lyman Company and Big Blue Properties LLC.
Transaction value: Not disclosed
Transaction announced: June 14