A Closer Look at Recent Southeast Acquirers
Q4 2016: Southeast Acquirers Active in 4Q’16 Transactions
Q4 2016 saw a total of 128 Carolinas and Georgia-based acquirers successfully close mergers and acquisitions, totaling $23.6Bn. Of the closed deals, 2 were greater than $1Bn, 1 was between $500MM and $999MM, 7 were between $100MM and $500MM, 13 were less than $100MM, and the majority of deal terms were undisclosed. Across all three states, the Industrials sector led the way with 36 transactions.
Summary Statistics
| Total # of Closed M&A Deals | 128 | Total Deal Volume ($MM) | $23.6Bn |
|---|---|---|---|
| Median Deal Value ($MM) | $64.50 | # of SC Transactions | 23 |
| # of GA Transactions | 52 | # of NC Transactions | 53 |
Leading Acquirer Activity Broken Down Per Industry
Source: S&P Capital IQ
Q4 2016 Southeast based Acquirers’ Closed M&A Transactions
| M&A Closed Date | Buyers/Investors | Buyer City | Buyer Industry | Target/Issuer | Target Description | Enterprise Value ($ in MMs) | Transaction Comments |
| 12/31/2016 | Duke Energy Corporation (NYSE:DUK) | Charlotte, NC | Electric Utilities | SunPower Corporation (NasdaqGS:SPWR), Three California Solar Projects Totaling 55 Megawatts | As of December 31, 2016, 3 California Solar Projects Totaling 55 Megawatts of SunPower Corporation (NasdaqGS:SPWR) was acquired by Duke Energy Corporation. Three California Solar Projects Totaling 55 Megawatts of SunPower Corporation (NasdaqGS:SPWR) generates electricity through solar power plants. | – | Duke Energy Corporation (NYSE:DUK) acquired 3 California Solar Projects Totaling 55 Megawatts from SunPower Corporation (NasdaqGS:SPWR) in late December 2016. |
| 12/31/2016 | State Bank Financial Corporation (NasdaqCM:STBZ) | Atlanta, GA | Regional Banks | S Bankshares, Inc. | S Bankshares, Inc. is a bank holding company and through its subsidiary offers regional banking services. The company was formerly known as First Citizens Bankshares, Inc. and changed its name to S Bankshares, Inc. in September 2012. | $10.80 | State Bank Financial Corporation (NasdaqCM:STBZ) executed a non-binding letter of intent to acquire S Bankshares, Inc. for $10.9 million in cash and stock on February 2, 2016. Subject to allocation procedures, S Bankshares shareholders electing cash consideration would receive $56 per share of S Bankshares common stock. The proposal set a minimum of 50% and a maximum of 60% for the stock consideration. |
| 12/31/2016 | State Bank Financial Corporation (NasdaqCM:STBZ) | Atlanta, GA | Regional Banks | NBG Bancorp, Inc. | NBG Bancorp, Inc. operates as a bank holding company for The National Bank of Georgia and provides commercial banking services. The company was incorporated in 1999 and is based in Athens, Georgia. As of December 31, 2016, NBG Bancorp, Inc. operates as a subsidiary of State Bank Financial Corporation. | $68.00 | State Bank Financial Corporation (NasdaqCM:STBZ) signed a definitive agreement to acquire NBG Bancorp, Inc. for $68 million in cash and stock on April 5, 2016. Shareholders of NBG can elect to receive either $45.45 in cash or 2.1642 shares of the Company’s common stock for each share of NBG common stock, subject to an overall allocation of exchanged shares into 50% cash and 50% stock. |
| 12/30/2016 | Colonial Family Practice LLC | Sumter, SC | Healthcare | Santee Cooper Primary Care and Santee Cooper Urgent Care | As of December 30, 2016, Santee Cooper Primary Care and Santee Cooper Urgent Care was acquired by Colonial Family Practice LLC. Santee Cooper Primary Care and Santee Cooper Urgent Care comprises two healthcare facilities. | – | Colonial Healthcare acquired Santee Cooper Primary Care and Santee Cooper Urgent Care on December 30, 2016. |
| 12/29/2016 | Northeast Georgia Health System, Inc. | Gainesville, GA | Healthcare | Winder HMA, LLC | Winder HMA, LLC, doing business as Barrow Regional Medical Center, owns and operates a hospital. | – | Northeast Georgia Health System, Inc. signed a definitive agreement to acquire Winder HMA, LLC from Quorum Health Corporation (NYSE:QHC) on October 3, 2016. No immediate operational service changes at the hospital are anticipated. The sale is subject to customary regulatory approvals and closing conditions. The sale is expected to close on December 31, 2016. The deal will contribute in reducing debt and improving financial performance. |
| 12/28/2016 | Nutrition & Fitness, Inc. | Fayetteville, NC | Pharmaceuticals | Prestige Brands Holdings, Inc. (NYSE:PBH) | As of December 28, 2016, e.p.t. Brand of Prestige Brands Holdings, Inc. was acquired by Nutrition & Fitness, Inc. e.p.t. Brand of Prestige Brands Holdings, Inc. comprises manufacturing operations of pregnancy kits. | – | Nutrition & Fitness, Inc. acquired e.p.t® Brand from Prestige Brands Holdings, Inc. (NYSE:PBH) on December 28, 2016. For the fiscal year 2016, e.p.t® Brand reported revenues of $14 million. The impact to Prestige Brands Holdings’ financials from the sale of the brand is not material to Prestige Brands Holdings’ results. |
| 12/27/2016 | Ennis-Flint Inc. | Thomasville, NC | Specialty Chemicals | American Traffic Products, Inc. | American Traffic Products, Inc. manufactures traffic paints and thermoplastics. | – | Ennis-Flint Inc. acquired American Traffic Products, Inc. on December 27, 2016. |
| 12/23/2016 | Ebix, Inc. (NasdaqGS:EBIX) | Johns Creek, GA | Application Software | Wdev Soluções em Tecnologia S.A. | Wdev Soluções em Tecnologia S.A. provides information technology consulting services for the insurance market. The company was founded in 2009 and is based in Rio de Janeiro, Brazil. As of December 23, 2016, Wdev Soluções em Tecnologia S.A. operates as a subsidiary of Ebix, Inc. | – | Ebix, Inc. (NasdaqGS:EBIX) acquired Wdev Soluções em Tecnologia S.A. on December 23, 2016. Ebix funded the purchase using its internal cash reserves, with no Ebix shares being issued. Ebix retained the entire senior management team led by Guillermo Reid, founder and Chief Executive Officer of Wdev, who will continue to lead the Wdev Division of Ebix as Vice President and Division Head. WDEV has annual revenues of $11 million. Ebix expects the transaction to be immediately accretive for its shareholders. No financial advisors were involved in the transaction from the Ebix side. |
| 12/22/2016 | Bounce Media, LLC | Atlanta, GA | Broadcasting | The Trumpet Awards Foundation, Inc. | As of December 22, 2016, The Trumpet Awards Foundation, Inc. operates as a subsidiary of Bounce Media, LLC. | – | Bounce Media, LLC acquired all assets of The Trumpet Awards Foundation, Inc. on December 22, 2016. Xernona Clayton, founder and Executive Producer of The Trumpet Awards Foundation, Inc., will become Chairman Emeritus of the awards and continue to play an active role in the event. Xernona Clayton will remain President and Chief Executive Officer of the Trumpet Awards Foundation, Inc. |
| 12/21/2016 | Fintrust Investment Advisors | Greenville, SC | Financial Services | Erisa Plan Services, Inc. | – | – | Fintrust Investment Advisors acquired Erisa Plan Services, Inc. from Mike Cruce on December 21, 2016. Post-completion, Mike Cruce will be joining FinTrust team. |
| 12/21/2016 | United Parcel Service, Inc. (NYSE:UPS) | Atlanta, GA | Air Freight and Logistics | Marken Limited | Marken Limited provides patient-centric supply chain services for life sciences and pharmaceutical industries worldwide. | – | United Parcel Service, Inc. (NYSE:UPS) entered into a definitive purchase agreement to acquire Marken Limited on November 7, 2016. Upon completion, Marken will operate as a wholly owned subsidiary of UPS. Marken posted an EBITDA of $45 million in 2015. Wes Wheeler, Chief Executive Officer of Marken will continue to lead the Marken business. The transaction is subject to customary conditions and regulatory approvals. The transaction is expected to close December 31, 2016. |
| 12/20/2016 | Cadence Group Associates, Inc. | Atlanta, GA | IT Consulting | SME Limited | SME Limited manufactures gramophone pick-up arms and turntables. It also offers turntable spare parts; and tonearm/pickup arm spare parts. | – | Cadence Group Associates, Inc acquired SME Limited on December 20, 2016. |
| 12/19/2016 | SiteOne Landscape Supply, Inc. (NYSE:SITE) | Roswell, GA | Trading Companies and Distributors | EHLP, LLC | EHLP, LLC wholesales and supplies nursery products, stone products, tools, and seeds and fertilizers to landscapers, garden centers, architects, and contractors. It also offers delivery services. | – | SiteOne Landscape Supply, Inc. (NYSE:SITE) acquired East Haven Landscape Products on December 19, 2016. |
| 12/16/2016 | Southwire Company, LLC | Carrollton, GA | Electrical Components and Equipment | Sumner Manufacturing Company, Inc. | As of December 16, 2016, Sumner Manufacturing Company, Inc. operates as a subsidiary of Southwire Company, LLC. | – | Southwire Company, LLC acquired Sumner Manufacturing Company, Inc. on December 16, 2016. The acquisition includes manufacturing operations and corporate support functions in Houston and Langfang, China, as well as sales and distribution offices in Canada, the United Kingdom and the Netherlands. Sumner’s existing manufacturing capabilities will be integrated into Southwire’s business operations. 160 employees of Sumner will join Southwire. |
| 12/16/2016 | Engage2Excel, Inc. | Statesville, NC | Human Resources and Employment Services | Decision Toolbox, Inc. | Decision Toolbox, Inc. provides recruitment solutions for companies in the United States. | – | Engage2Excel, Inc. acquired Decision Toolbox, Inc. on December 16, 2016. |
| 12/16/2016 | Suntrust Bank | Atlanta, GA | Regional Banks | Pillar Financial LLC | Pillar Financial LLC provides financing solutions for affordable and market-rate multifamily real estate, as well as healthcare properties in the United States. | – | Suntrust Bank signed a definitive agreement to acquire substantially all of the assets of Pillar Financial LLC on October 20, 2016. As per the agreement, Suntrust Bank will acquire Pillar’s multi-family lending business, which is comprised of multi-family affordable housing, healthcare properties, senior housing, and manufactured housing specialty teams. |
| 12/15/2016 | Eli Global, LLC | Durham, NC | Publishing | Bankers Life Insurance Company | Bankers Life Insurance Company provides retirement annuity solutions. | – | Eli Global, LLC acquired Bankers Life Insurance Company from Bankers Financial Corporation on December 15, 2016. Bankers Life Insurance Company will continue to maintain its name and the staff at Bankers Life Insurance Company will remain members of the Tampa Bay community. The deal has received regulatory approval from all required parties. |
| 12/12/2016 | Blanchard Equipment Co., Inc. | Waynesboro, GA | Trading Companies and Distributors | Epting Turf & Tractor, Inc. | Epting Turf & Tractor, Inc. operates as a John Deere C&CE lawn and garden, and utility tractors dealer in the United States and Canada. | – | Blanchard Equipment Co., Inc. acquired Epting Turf & Tractor, Inc. on December 12, 2016. |
| 12/12/2016 | Driven Brands, Inc. | Charlotte, NC | Specialized Consumer Services | Express Lube Inc. | Express Lube Inc. provides oil change and other automotive services. | – | Driven Brands, Inc. acquired Express Lube from family on December 12, 2016. The purchase reinforces Driven Brands’ growing Quick Lube division. Bre Whalen of Fishman acted as public relations advisor for the transaction. |
| 12/12/2016 | MapAnything, Inc. | Charlotte, NC | Internet Software and Services | Keystroke Creative Inc. | As of December 12, 2016, Keystroke Creative Inc. was acquired by MapAnything, Inc. | – | MapAnything, Inc. acquired Keystroke Creative on December 12, 2016. Under the terms of the transaction, MapAnything, Inc. acquired the employees of Keystroke Creative which will join MapAnything’s mobile team and will work out of MapAnything’s Atlanta office. |
| 12/12/2016 | Primo Water Corporation (NasdaqGM:PRMW) | Winston-Salem, NC | Beverage Services | Glacier Water Services, Inc. | Glacier Water Services, Inc. owns and operates self-service water vending machines that dispense filtered drinking water to the consumers in the United States and Canada. | $255.49 | Primo Water Corporation (NasdaqGM:PRMW) executed a definitive merger agreement to acquire Glacier Water Services Inc. (OTCPK:GWSV) for approximately $250 million on October 9, 2016. |
| 12/9/2016 | Strata Products Worldwide, LLC | Sandy Springs, GA | Construction and Engineering | A. L. Lee Corporation | A. L. Lee Corporation manufactures and supplies underground mining equipment. | – | Strata Products Worldwide, LLC acquired assets of A. L. Lee Corporation from a family on December 9, 2016. Strata plans to retain the A.L. Lee brand and trademark. |
| 12/9/2016 | Albany State University | Albany, GA | Higher Education | Darton State College | As of December 9, 2016, Darton State College was acquired by Albany State University. | – | Albany State University agreed to acquire Darton State College on November 10, 2015. Under the terms of transaction, Darton State College and Albany State University will consolidate to form one institution, new institution will be named Albany State University. |
| 12/7/2016 | SnapAV, LLC | Charlotte, NC | Consumer Electronics | Autonomic Controls, Inc. | Autonomic Controls, Inc. develops digital media solutions for integrators and manufacturers in the custom electronics industry. | – | SnapAV, LLC acquired Autonomic Controls, Inc. on December 7, 2016. |
| 12/6/2016 | MHAworks Architecture | Durham, NC | Research and Consulting Services | Alberice Architecture | – | – | MHAworks Architecture agreed to acquire Alberice Architecture on December 6, 2016. The terms of the deal were not disclosed. |
| 12/6/2016 | LBA Haynes Strand PLLC | Greensboro, NC | Research and Consulting Services | SeeRisk Management Advisors, LLC | SeeRisk Management Advisors, LLC provides risk-based management services for organization in North Carolina. | – | LBA Haynes Strand PLLC acquired SeeRisk Management Advisors, LLC from Maryanne L. Recchion on December 6, 2016. Dave Recchion, President of SeeRisk Management Advisors, LLC, has joined the LBA Haynes Strand team as a Principal and leader in Greensboro office. |
| 12/5/2016 | GMS Inc. (NYSE:GMS) | Tucker, GA | Trading Companies and Distributors | Interior Products Supply | Interior Products Supply offers interior building supplies for business operations. The company is based in the United States. As of December 5, 2016, Interior Products Supply operates as a subsidiary of GMS Inc. | – | GMS Inc. (NYSE:GMS) acquired Interior Products Supply from SGI, Inc. on December 5, 2016. Interior Products Supply will operate within the Central Division of GMS and continue doing business as Interior Products Supply. For the twelve months ended October 31, 2016, Interior Products Supply generated approximately $12.3 million in net sales. |
| 12/5/2016 | Family Care Partners Management LLC | Fort Mill, SC | Healthcare | Wagener Medical Center | Wagener Medical Center provides healthcare services. The company was founded in 1992 and is based in Wagener, South Carolina. | – | Family Care Partners Management LLC acquired Wagener Medical Center on December 5, 2016. |
| 12/2/2016 | XLerate Group | Charleston, SC | Diversified Support Services | Lone Star Auto Auction, Inc. | Lone Star Auto Auction, Inc. provides automobile auction services. It offers wholesale vehicles to serve the needs of dealers. The company is based in Lubbock, Texas. As of December 2, 2016, Lone Star Auto Auction, Inc. operates as a subsidiary of XLerate Group. | – | XLerate Group acquired Lone Star Auto Auction on December 2, 2016. Amanda Passage of Lambert, Edwards & Associates acted as public relations advisor in the transaction. |
| 12/2/2016 | Premier Supply Chain Improvement Inc. | Charlotte, NC | Healthcare | 50% in Innovatix, LLC and 100% in Essensa Ventures, LLC | – | $379.00 | Premier Supply Chain Improvement Inc. signed an agreement to acquire remaining 50% stake in Innovatix LLC and 100% stake in Essensa Ventures, LLC from GNYHA Holdings LLC for approximately $380 million on November 25, 2016. Out of total consideration, $238.5 million will be paid at closing and the remaining $97.5 million shall be paid to the seller on January 10, 2017, if the closing date is prior to January 10, 2017 or on the closing date, if the closing date occurs on or after January 10, 2017. |
| 12/1/2016 | Carolina Beverage Corporation | Salisbury, NC | Soft Drinks | Sun Drop Bottling Co Inc | As of December 1, 2016, Sun Drop Bottling Co Inc operates as a subsidiary of Carolina Beverage Corporation. | – | Carolina Beverage Corporation acquired Sun Drop Bottling Co Inc on December 1, 2016. Dr. Pepper will continue to own the Sun Drop formula. Employment offers were made to the employees of Sun Drop from Carolina Beverage. |
| 12/1/2016 | Arrow Exterminators, Inc. | Atlanta, GA | Specialized Consumer Services | Action Termite & Pest Control LLC | Action Termite & Pest Control LLC offers pest control services. The company was founded in 1972 and is based in Morristown, Tennessee. | – | Arrow Exterminators, Inc. acquired Action Termite and Pest Control LLC on December 1, 2016. As part of the acquisition, Action Termite and Pest Control will complement the other seven Arrow Exterminators offices in Tennessee and will ultimately operate as Arrow Exterminators. |
| 12/1/2016 | nThrive, Inc. | Alpharetta, GA | Healthcare Technology | Adreima, Inc. | Adreima, Inc. engages in the conversation of healthcare reimbursements for hospitals and health systems in the United States. | – | nThrive, Inc. entered into an agreement to acquire Adreima, Inc. from Bregal Sagemount and others on November 17, 2016.. The deal is expected to close prior to end of 2016. |
| 12/1/2016 | FirstHealth of the Carolinas, Inc. | Pinehurst, NC | Healthcare | Hamlet H.M.A., LLC | Hamlet H.M.A., LLC, doing business as Sandhills Regional Medical Center, operates an acute care hospital that provides emergency, intensive care, telemetry, and inpatient and outpatient medical and surgical services. | – | FirstHealth of the Carolinas, Inc. entered into a definitive agreement to acquire Hamlet H.M.A., LLC from Quorum Health Corporation (NYSE:QHC) on October 19, 2016. The transaction which is subject to customary regulatory approvals and closing conditions, is expected to close on December 1, 2016. |
| 11/30/2016 | U.S. Security Associates, Inc. | Roswell, GA | Security Services | Old Dominion Security Co., Inc. | Old Dominion Security Co., Inc. provides security services and solutions for healthcare, commercial, and government clients. | – | U.S. Security Associates, Inc. acquired ODS Security Solutions on November 30, 2016. Former Chief Executive Officer of ODS, Rafe Wilkinson will join U.S. Security Associates and will continue to lead the healthcare market segment’s strategic development. |
| 11/30/2016 | AGRO Merchants Group, LLC | Alpharetta, GA | Diversified Support Services | Doboy Cold Stores Pty Ltd | Doboy Cold Stores Pty Ltd. operates cold storage facilities, and provides logistics services. It operates freezer stores, chilled stores, cool stores, and ambient stores. | – | AGRO Merchants Group, LLC acquired Doboy Cold Stores Pty. Ltd. from a family on November 30, 2016. David O’Brien, Managing Director of Doboy will continue in his current role with AGRO Merchants. Doboy’s employees will be integrated into AGRO Merchants. |
| 11/30/2016 | Arthur Elliott Marketing Group | Charlotte, NC | Advertising | BlueCap Marketing LLC | As of November 30, 2016, BlueCap Marketing LLC was acquired by Arthur Elliott Marketing Group. | – | Arthur Elliott Marketing Group acquired BlueCap Marketing on November 30, 2016. Post-merger the combined entity will retain the Arthur Elliot name and will be led by Dockery Clark, Andy Pfeiffer and De Cordell. Headquarters of new corporate entity will be located at 800 West Hill Street, Suite 207 in Charlotte, NC. |
| 11/30/2016 | Carolina Promotions Services, Inc. | Winston-Salem, NC | Office Services and Supplies | Collective Bias, Inc. | Collective Bias, Inc. provides social media and shopper marketing services. | – | Carolina Promotions Services, Inc entered into a definitive agreement to acquire Collective Bias, Inc. on November 17, 2016. |
| 11/30/2016 | Patterson Pump Company | Toccoa, GA | Industrial Machinery | Morrison Pump Company, Inc. | Morrison Pump Company, Inc. designs, engineers, and manufactures water pumps. | – | Patterson Pump Company entered into a letter of intent to acquire Morrison Pump Company on August 29, 2016. |
| 11/18/2016 | Sunbelt Rentals, Inc. | Fort Mill, SC | Trading Companies and Distributors | BlueLine Rental, LLC, Business and Assets of Four Branches in New Mexico And El Paso | As of November 18, 2016, Business and Assets of Four Branches in New Mexico And El Paso of BlueLine Rental, LLC was acquired by Sunbelt Rentals, Inc. | $27.00 | Sunbelt Rentals, Inc. acquired the business and assets of BlueLine Rental, LLC for $27 million on November 18, 2016. The branches, which have been acquired, are general equipment rental businesses. |
| 11/18/2016 | SnapAV, LLC | Charlotte, NC | Consumer Electronics | Cortez Connect Inc | Cortez Connect Inc., doing business as Visualint, manufactures intelligent video analytics solutions for security and surveillance applications. | – | SnapAV, LLC acquired Visualint on November 18, 2016. Visualint products will begin to appear on the SnapAV dealer portal in first quarter of 2017. Eventually, however, Visualint products will merge into a single ecosystem that includes other SnapAV solutions. |
| 11/17/2016 | Crossroads Holding, LLC | Greenville, SC | Healthcare | Starting Point of Darlington LLC And Starting Point of Florence, Inc. | Starting Point of Darlington LLC And Starting Point of Florence, Inc. represent the combined operations of Starting Point of Darlington LLC And Starting Point of Florence, Inc. in their sale to Crossroads Holding, LLC. | – | Crossroads Holding, LLC acquired Starting Point of Darlington LLC and Starting Point of Florence, Inc. on November 17, 2016 |
| 11/16/2016 | Colonial Family Practice LLC | Sumter, SC | Healthcare | East Clarendon Medical Center | East Clarendon Medical Center owns and operates a family medicine practice and offers healthcare services. | – | Colonial Family Practice LLC acquired East Clarendon Medical Center from Kate Smith on November 16, 2016. Colonial Healthcare will re-open East Clarendon Medical Center on November 17 and will retain all providers and staff. |
| 11/16/2016 | LendingTree, LLC | Charlotte, NC | Internet Software and Services | Iron Horse Holdings, LLC | Iron Horse Holdings, LLC operates CompareCards.com, a credit card comparison website. | $130.00 | LendingTree, LLC acquired Iron Horse Holdings, LLC (CompareCards) from Christopher J. Mettler, Grady Christopher Mettler, Lucy MacNaughton Mettler, Herbert Cammerer Mettler and Molly Archer Mettler for $130 million on November 16, 2016. |
| 11/16/2016 | Togetherwork Holdings, LLC | Columbus, GA | Internet Software and Services | CircuiTree Ltd. | CircuiTree Ltd. designs and builds GPS based solutions. | – | Togetherwork acquired CircuiTree Ltd. on November 16, 2016. CircuiTree will become an independent operating company within Togetherwork, with Tom Newberry serving as President. |
| 11/15/2016 | Quikrete Holdings, Inc. | Atlanta, GA | Construction Materials | Contech Holdings, Inc | Contech Holdings, Inc. is based in Ohio. As of November 15, 2016, Contech Holdings, Inc operates as a subsidiary of Quikrete Holdings, Inc. | $950.00 | Quikrete Holdings, Inc. agreed to acquire Contech Holdings, Inc. from Anchorage Capital Group, L.L.C. and Littlejohn & Co. LLC for $950 million on October 24, 2016. Quikrete Holdings will finance the purchase from $100 million of cash on hand and a proposed $2.2 billion senior secured term loan due 2023. The deal is subject to approval by the board of directors of both companies and is expected to close by the end of November 2016. |
| 11/14/2016 | Crednology Holding Corporation (OTCPK:COHO) | Gray, GA | Specialized Finance | California Recycles Inc. | California Recycles Inc., a recycling waste management company, provides electronics recycling services for people, non-profit organizations, corporations, and municipalities. | $0.25 | Crednology Holding Corp. (OTCPK:COHO) acquired California Recycles Inc. for $0.25 million on November 14, 2016. Consideration will be paid in common shares and a note with payments due over a five year period. |
| 11/14/2016 | Brandon Advertising, Inc. | Myrtle Beach, SC | Advertising | Artizen Studio LLC | As of November 14, 2016, Artizen Studio LLC was acquired by Brandon Advertising, Inc. Artizen Studio LLC provides digital marketing services. The company was founded in 1996 and is based in Charlotte, North Carolina. | – | Brandon Advertising, Inc. acquired Artizen Studio from Cary Murphy on November 14, 2016. Artizen Studio has been rebranded as part of The Brandon Agency. All staff will maintain their current clients and work. Cary Murphy, Owner and Creative Director of Artizen Studios, has moved into a new role at The Brandon Agency as the Regional President and Group Creative Director. The Brandon Agency, which maintains a Charlotte office, will consolidate its physical location in that city, into Artizen Studio’s current headquarters. |
| 11/11/2016 | Pinnacle Bank (Elberton, GA) | Elberton, GA | Regional Banks | Independence Bank of Georgia | As of November 11, 2016, Independence Bank of Georgia was acquired by Pinnacle Bank (Elberton, GA). Independence Bank of Georgia provides personal and business banking services. | $32.80 | Pinnacle Bank (Elberton, GA) signing of a definitive merger agreement to acquire Independence Bank of Georgia for $32.8 million in cash on July 1, 2016. McConnell will continue to serve as President and Chief Executive Officer of Pinnacle and Evans and Sid Chandler, a senior lending officer at Independence, will have leadership positions within Pinnacle, with the primary responsibility of overseeing the communities currently served by Independence. |
| 11/10/2016 | eVestment Alliance, LLC | Marietta, GA | Internet Software and Services | Public Plan IQ, LLC | Public Plan IQ, LLC provides research services for aggregating the intelligence of the U.S. state and local government pension plans. | – | eVestment Alliance, LLC acquired Public Plan IQ on November 10, 2016. Under the terms, Debra Gregory and her staff will join eVestment. |
| 11/10/2016 | STONE Resource Group LLC | Roswell, GA | IT Consulting and Other Services | ServPartners, LLC | ServPartners, LLC provides network based staffing services. The company was founded in 2013 and is based in Frisco, Texas | – | STONE Resource Group LLC acquired ServPartners, LLC on November 10, 2016. |
| 11/10/2016 | Century Fire Protection, LLC | Duluth, GA | Office Services | Advanced Fire And Security, Inc. | The company is engaged in Fire Alarm Systems Installation. As of November 10, 2016, Advanced Fire And Security, Inc. operates as a subsidiary of Century Fire Protection, LLC. | – | Century Fire Protection, LLC acquired a majority stake in Advanced Fire & Security, Inc. on November 10, 2016. Eric Rode and Laura Rode, co-founders of Advanced Fire & Security, will continue to lead the operations and retain minority equity interests as partners. |
| 11/10/2016 | Investors Management Corporation | Raleigh, NC | Asset Management | IDOC, LLC | IDOC, LLC, a practice management and development organization, provides product discounts, personal account consultants, practice management tools, continuing education classes, career connection services, and discounted pharmaceuticals and supplies for optometrists. | – | Investors Management Corporation acquired an unknown stake in IDOC, LLC from The Riverside Company on November 10, 2016. Post acquisition, Dave Brown, IDOC President and Chief Executive Officer and his senior management team of Chief Optometric Officer Neil Gailmard and Chief Financial Officer Oliver Spandow will continue to lead IDOC. |
| 11/9/2016 | TEGRA Financial Partners | Atlanta, GA | Financial Services | Retirement Plan Services Company | As of November 9, 2016, Retirement Plan Services Company was acquired by TEGRA Financial Partners. Retirement Plan Services Company provides retirement planning services. | – | TEGRA Financial Partners acquired Retirement Plan Services Company on November 9, 2016. Tim Baker, President and Chief Executive Officer of Retirement Plan Services Company will join HA&W Benefit Advisors (TEGRA Financial Partners) as Director of retirement plan operations. |
| 11/7/2016 | Pediatric Services of America, Inc. | Atlanta, GA | Healthcare | Innovations Health Services and Assure Home Healthcare Inc. | Innovations Health Services and Assure Home Healthcare Inc. represent the combined operations of Innovations Health Services and Assure Home Healthcare Inc. in their sale to Pediatric Services of America, Inc. | – | Pediatric Services of America, Inc. acquired Innovations Health Services and Assure Home Healthcare Inc. on November 7, 2016. David Metcalf, President of Innovations, will join the Pediatric Services of America management team in Texas. |
| 11/7/2016 | Sock and Accessory Brands Global, Inc. | Mocksville, NC | Apparel and Accessories | Twin City Knitting Company, Inc. | Twin City Knitting Company, Inc., a hosiery company, manufactures socks for athleticism and recreation. | – | Sock and Accessory Brands Global, Inc. acquired Twin City Knitting Company, Inc. from Joseph Lamb and Fran Davis on November 7, 2016. Twin City Knitting will continue to operate out of its existing facilities in North Carolina, and the prior owners, Joseph Lamb and Fran Davis, will retain their roles with the business. In addition, Fran Davis will join the Board of Directors of Sock and Accessory Brands Global. |
| 11/7/2016 | SiteOne Landscape Supply, Inc. (NYSE:SITE) | Roswell, GA | Trading Companies and Distributors | Loma Vista Nursery, Inc. | Loma Vista Nursery, Inc. owns and operates nurseries in the metropolitan Kansas City area. | – | SiteOne Landscape Supply, Inc. (NYSE:SITE) acquired assets of Loma Vista Nursery, Inc. on November 7, 2016. SiteOne will also assume liabilities of Loma Vista. |
| 11/4/2016 | CapitalSouth Growth Fund; Graycliff Partners | Charlotte, NC | Asset Management | INSTALLS, Inc. | INSTALLS, Inc. provides in-home or on-site installation services. | – | Graycliff Partners, CapitalSouth SBIC Fund IV, L.P. managed by CapitalSouth Growth Fund acquired INSTALLS, Inc. in a management buyout on November 4, 2016. |
| 11/4/2016 | eMinor Incorporated | Durham, NC | Internet Software and Services | Audiokite, L.L.C. | Audiokite, L.L.C. operates an online music research platform that enables musicians to get their music reviewed by music fans. | – | eMinor Incorporated acquired Audiokite, L.L.C. on November 4, 2016. Pursuant to the transaction, Audiokite, L.L.C. has been integrated into ReverbNation’s existing Crowd Review product. Audiokite’s operations, however, will not change for the time being. |
| 11/4/2016 | Sensus (Bermuda 2) Ltd. | Raleigh, NC | Electronic Equipment and Instruments | Sentec Ltd. | Sentec Ltd. develops and licenses intellectual property (IP), and provides development services to its licensees for product developments based on that IP. | – | Sensus (Bermuda 2) Ltd. agreed to acquire Sentec Ltd on November 4, 2015. Sentec will maintain its independence, team and operations in Cambridge. |
| 11/2/2016 | Arrow Exterminators, Inc. | Atlanta, GA | Specialized Consumer Services | Whitco Pest Management Inc. | Whitco Pest Management Inc. operates as a pest management company that provides extermination and pest control services for families, building contractors, businesses, and real estate agents in Raleigh, Wilson, and Eastern North Carolina areas. | – | Arrow Exterminators, Inc. acquired Whitco Pest Management Inc. on November 2, 2016. Whitco Pest Management will complement the other Arrow Exterminators office in the Research Triangle Park area and will ultimately operate as Arrow Exterminators. Team members of Whitco Pest Management will join Arrow Exterminators. |
| 11/2/2016 | Diamonds Direct USA Inc. | Charlotte, NC | Specialty Retailer | Diamond Doctor, LLC | As of November 2, 2016, Diamond Doctor, LLC was acquired by Diamonds Direct USA Inc. Diamond Doctor, LLC operates a chain of jewelry stores in the United States. The company was founded in 1995 and is based in Dallas, Texas. | – | Diamonds Direct USA Inc. acquired Diamond Doctor, LLC from David Blank on November 2, 2016. Diamond Doctor will began operating as Diamonds Direct. Diamonds Direct retained all Diamond Doctor employees. Amit Berger, Senior Vice President of Diamonds Direct, will relocate to Dallas to oversee operations. David Blank will stay on in a consulting role for a year or two. |
| 11/1/2016 | Waste Industries USA, Inc. | Raleigh, NC | Environmental and Facilities Services | Cardinal Waste Solutions, LLC | As of November 1, 2016, Cardinal Waste Solutions, LLC was acquired by Waste Industries USA, Inc. Cardinal Waste Solutions, LLC offers waste recycling services. The company was founded in 2000 and is based in Fairburn, Georgia. | – | Waste Industries USA, Inc. acquired Cardinal Waste Solutions (‘Cardinal’) on November 1, 2016. Cardinal generated revenues of $6.4 million in 2015. Waste Industries USA will merge the acquired operation into its existing Atlanta assets operated out of the Fairburn location. November will be a transitional month with full operational transfer effective December 1. |
| 11/1/2016 | AM Conservation Group, Inc. | Charleston, SC | Electrical Components and Equipment | Franklin Energy Services, LLC | Franklin Energy Services, LLC designs and implements customized electric and natural gas energy efficiency programs for utilities, municipalities, and government bodies that help their end-use residential and business customers reduce their energy consumption in the United States and Canada. | – | AM Conservation Group, Inc. acquired Franklin Energy Services, LLC from PNC Erieview Capital, Cortec Group Fund IV, L.P., fund of Cortec Group and other shareholders on November 1, 2016. Antares, BMO Capital Markets, KeyBanc Capital Markets and MetLife provided committed debt financing for the transaction. Michael Quinn will become Chief Integration Officer of the combined companies and continue to lead AM Conservation as President. |
| 11/1/2016 | OneWater Marine Holdings, LLC | Buford, GA | Automotive Retail | Texas Sport Boats, LLC | Texas Sport Boats, LLC owns and operates a boat dealership that offers new and pre-owned boat sales and brokerage services. | – | OneWater Marine Holdings, LLC acquired Texas Sport Boats from Lee LaVergne and Cathy LaVergne on November 1, 2016. Lee and Cathy LaVergne will continue to operate the dealership under the Texas Sport Boats name. All existing personnel will remain with Texas Sport Boats. Texas Sport Boats will continue to operate from its current location on I-45 South in Conroe. |
| 11/1/2016 | Nucor Corporation (NYSE:NUE) | Charlotte, NC | Steel | Independence Tube Corporation | Independence Tube Corporation manufactures square, rectangular, and round structural steel tubing in North America. | $435.00 | Nucor Corporation (NYSE:NUE) entered into an agreement to acquire Independence Tube Corporation for approximately $440 million on September 19, 2016. The transaction received early termination notice for anti trust waiting approval period on September 30, 2016. |
| 11/1/2016 | BNC Bancorp (NasdaqCM:BNCN) | High Point, NC | Regional Banks | High Point Bank Corporation | High Point Bank Corporation operates as a holding company for High Point Bank and Trust Company that provides banking and financial services for personal and business customers. | $141.26 | BNC Bancorp (NasdaqCM:BNCN) entered into a definitive agreement to acquire High Point Bank Corp. (OTCPK:HPTB) for approximately $140 million on November 13, 2015. |
| 10/31/2016 | VisionQuest Wealth Management, LLC | Raleigh, NC | Asset Management | ALCUS Financial Group, LLC | ALCUS Financial Group, LLC provides investment advisory services to small businesses, individuals, families, trusts, and other institutions in the United States. | – | VisionQuest Wealth Management, LLC acquired Alcus Financial Group in October 2016. The transaction was financed through VisionQuest Wealth Management’s own cash flow. Joe Baker, Founder of Alcus joins VisionQuest as a partner, assuming responsibility for the firm’s growth in Charleston. |
| 10/31/2016 | GMS Inc. (NYSE:GMS) | Tucker, GA | Trading Companies and Distributors | Ryan Building Materials | As of October 31, 2016, Ryan Building Materials and Ryans Lakeland Building Materials and Ryan East Building Materials was acquired by GMS Inc. | – | GMS Inc. (NYSE:GMS) acquired Ryan Building Materials, Inc., Ryan’s Lakeland Building Materials, LLC and Ryan’s East Building Materials, Inc. from Bill Johnston on October 31, 2016. Bill Johnston and his team will join GMS to support the Ryan Building Materials’ continuing expansion. |
| 10/31/2016 | PLI, LLP | Asheville, NC | Technology Hardware | American Card Services, Inc. | Production Services Associates, LLC manufactures cards and provides card marketing solutions in the United States. | – | PLI, LLP acquired Production Services Associates, LLC on October 31, 2016. The employees of Production Services Associates, LLC will join PLI, LLP after the transaction. Jim Cyze former President and Chief Executive Officer at Production Services Associates, LLC will work as Executive Vice President of Business & Product Development at PLI, LLP. Veronica Meter of Vero Strategies, LLC served as public relations advisor to PLI, LLP. |
| 10/31/2016 | National Land Realty, LLC | Greenville, SC | Real Estate Services | Carolina Land Pursuits | Carolina Land Pursuits provides representation in land sales for buyers and sellers. | – | National Land Realty, LLC acquired Carolina Land Pursuits on October 31, 2016. As part of this deal, Aaron Sutton will be a manager and broker for Eastern North Carolina operations of National Land Realty. |
| 10/31/2016 | SunBelt Furniture Xpress, Inc. | Hickory, NC | Trucking | Northwest Furniture Express, Inc. | As of October 31, 2016, Northwest Furniture Express, Inc. was acquired by SunBelt Furniture Xpress, Inc. Northwest Furniture Express, Inc. operates as a specialized furniture carrier for furniture companies in the Pacific Northwest and Western Canada. | – | SunBelt Furniture Xpress, Inc. acquired Northwest Furniture Express on October 31, 2016. |
| 10/31/2016 | PRGX USA, Inc. | Atlanta, GA | Data Processing and Outsourced Services | Lavante, Inc. | Lavante, Inc. designs and develops a cloud-based supplier information management (SIM) and profit recovery system for Fortune 1000 companies. | $4.25 | PRGX USA, Inc. entered into an agreement and plan of merger to acquire Lavante, Inc. from Pointguard Ventures I, L.P., fund of PointGuard Ventures LLC for $4.3 million on October 25, 2016. Under the terms of agreement, PRGX will pay earn out consideration in cash based on revenue received from Lavante’s SIM services from closing through December 31, 2018. |
| 10/31/2016 | Investors Title Company (NasdaqGS:ITIC) | Chapel Hill, NC | Insurance | University Title Company | As of October 31, 2016, University Title Company operates as a subsidiary of Investors Title Co. | $10.92 | Investors Title Co. (NasdaqGS:ITIC) entered into a stock purchase agreement to acquire University Title Company for $10 million in cash on October 12, 2016. |
| 10/31/2016 | La Cima Restaurants, LLC | Atlanta, GA | Restaurants | Twin Peaks Restaurant | Twin Peaks Restaurant owns, operates, and franchises restaurants. | – | La Cima Restaurants agreed to acquire majority stake in Twin Peaks Restaurant from Front Burner Restaurants LP and Randy DeWitt on October 10, 2016. Starlette Johnson will yield her title to Joe Hummel, currently La Cima’s Chief Executive Officer, who will step in as Twin Peaks Chief Executive Officer. Hummel will report to the Twin Peaks board, chaired by DeWitt. Coby Brooks will join the Twin Peaks board. |
| 10/28/2016 | Sonoco Products Company (NYSE:SON) | Hartsville, SC | Paper Packagin | Plastic Packaging Inc. | Plastic Packaging Inc. manufactures and markets flexible plastic packaging products to manufacturers in consumer and commercial markets. | $64.50 | Sonoco Products Co. (NYSE:SON) acquired Plastic Packaging, Inc. for $64.5 million in cash on October 28, 2016. |
| 10/28/2016 | Gilbarco Inc. | Greensboro, NC | Electronic Equipment and Instruments | Global Traffic Technologies, LLC. | Global Traffic Technologies, LLC. designs, manufactures, and delivers traffic signal priority control solutions worldwide. | – | Gilbarco Inc. acquired Global Traffic Technologies, LLC from Torquest Partners Fund II, L.P. of TorQuest Partners, Inc. on October 28, 2016. |
| 10/28/2016 | Sports Challenge Network, LLC | Dacula, GA | Application Software | Rolltech, Inc. | Rolltech, Inc. develops mobile applications for storing and tracking bowling game scores and statistics. The company was founded in 2011 and is based in Las Vegas, Nevada. As of October 28, 2016, Rolltech, Inc. operates as a subsidiary of Sports Challenge Network, LLC. | – | Sports Challenge Network, LLC agreed to acquire Rolltech Inc on June 27, 2016. Rich Belsky, former Chief Executive Officer of Rolltech will be now Chief Operating Officer of SCN. |
| 10/28/2016 | Southern Power Company | Atlanta, GA | Electric Utilities | Invenergy Wake Wind Holdings LLC | Invenergy Wake Wind Holdings LLC constructs and owns a 257-MW wind facility in Texas. | $469.00 | Southern Power Company signed an agreement to acquire 90.1% stake in Invenergy Wake Wind Holdings LLC from Invenergy Wind LLC for approximately $470 million on June 10, 2016. The transaction is expected to be completed in late 2016. |
| 10/27/2016 | Temprano Techvestors, Inc. | Newton, NC | Technology Distributors | Network Security Group, Inc. | Network Security Group, Inc. provides network security solutions for companies, schools, universities, and government agencies. | – | Temprano Techvestors acquired Network Security Group on October 27, 2016. |
| 10/27/2016 | Hawthorne Global Aviation Services, LLC | North Charleston, SC | Airport Services | Bama Air Inc. | Bama Air Inc. offers fixed-base operator (FBO) services at Tuscaloosa Regional Airport. Its services and facilities include jet fuel and AvGas, refreshments, catering, GPU, lavatory services, aircraft washing/vacuuming, aircraft carpet cleaning,. | – | Hawthorne Global Aviation Services, LLC acquired Bama Air Inc. on October 27, 2016. |
| 10/27/2016 | Minuteman Press Of Greenville, Inc. | Greenville, SC | Commercial Printing | Fox Creek Printing Company Inc. | As of October 27, 2016, Fox Creek Printing Company Inc. was acquired by Minuteman Press Of Greenville, Inc. Fox Creek Printing Company Inc. offers commercial printing services. The company is based in Greenville, South Carolina. | – | Minuteman Press of Greenville acquired Fox Creek Printing on October 27, 2016. As part of transaction Minuteman Press of Greenville has moved into a new facility located at 435 Wade Hampton Blvd. |
| 10/26/2016 | Porter’s Group, LLC | Bessemer City, NC | Diversified Metals and Mining | Karlee Company Inc. | Karlee Company Inc. is a contract manufacturer of precision sheet metal and machined components for communications, defense, aerospace, commercial goods, and medical equipment industries. | – | Porter’s Group, LLC acquired Karlee Company Inc on October 26, 2016. Porter’s Group now employs more than 700 people including Karlee’s approximately 250 employees. |
| 10/26/2016 | Capital Bank Financial Corp. (NasdaqGS:CBF) | Charlotte, NC | Regional Banks | CommunityOne Bancorp | As of October 26, 2016, CommunityOne Bancorp was acquired by Capital Bank Financial Corp. CommunityOne Bancorp operates as the bank holding company for CommunityOne Bank, N.A. that offers consumer, mortgage, and business banking services to individuals, and small and middle market businesses in North Carolina. | $352.90 | Capital Bank Financial Corp. (NasdaqGS:CBF) entered into a definitive agreement to acquire CommunityOne Bancorp (NasdaqCM:COB) from a group of sellers for approximately $350 million on November 22, 2015. |
| 10/24/2016 | Blue Flame Capital, LLC; JWC Investments, Inc. | Charlotte, NC | Asset Management | RumbleON, Inc. (OTCPK:RMBL) | RumbleON, Inc., a development stage company, provides an e-commerce platform that facilitates consumers and dealers to buy, sell, trade, and finance pre-owned recreation vehicles. | $0.34 | Marshall Chesrown, JWC Investments, Inc. and Blue Flame Capital, LLC acquired 60.2% stake in Smart Server, Inc. (OTCPK:RMBL) from Steven R. Berrard for $0.14 million on October 24, 2016. Under the terms of deal, Chesrown acquired 2.4 million shares. |
| 10/22/2016 | A Brand Company, Inc. | Charlotte, NC | Advertising | Design Accessories, Inc. | Design Accessories, Inc. offers promotional marketing services. The company was incorporated in 1986 and is based in Roanoke, Virginia. As of October 22, 2016, Design Accessories, Inc. operates as a subsidiary of A Brand Company, Inc. | – | A Brand Company, Inc. signed a definitive agreement to acquire Design Accessories, Inc. on October 22, 2015. PerformanceLink Systems, Inc., Design Accessories’ subsidiary, will remain autonomous and serve as an operating entity under A Brand Company. Cynthia Lawrence will remain President of PerformanceLink. |
| 10/19/2016 | Peace Sotheby’s International Realty | Pawley’s Island, SC | Real Estate Services | DeBordieu Colony Real Estate, Inc. and Prince George Sotheby’s International Realty | DeBordieu Colony Real Estate, Inc. and Prince George Sotheby’s International Realty represents the combined operations of DeBordieu Colony Real Estate, Inc. and Prince George Sotheby’s International Realty in their sale to The Tidelands Company of South Carolina, LLC. DeBordieu Colony Real Estate, Inc. and Prince George Sotheby’s International Realty offer real estate brokerage services. | – | Tidelands Company acquired DeBordieu Colony Real Estate, Inc. and Prince George Sotheby’s International Realty on October 19, 2016. Prince George Sotheby was acquired from Carol Jayroe and Phillip Lammonds, who will post the acquisition, remain with Peace Sotheby’s International Realty as Sales Associates. The combined entity will now do business as Peace Sotheby’s International Realty. |
| 10/18/2016 | Red Ventures, LLC | Fort Mill, SC | Advertising | Soda LLC | Soda LLC operates online Websites for consumers and consumer brands. | – | Red Ventures, LLC acquired Soda.com on October 18, 2016. The 30 employees of Soda and its brands will be added to Red Ventures portfolio. |
| 10/18/2016 | Bradley-Morris, Inc. | Kennesaw, GA | Human Resources and Employment Services | Recruitmilitary, LLC | Recruitmilitary, LLC is a full-service military-to-civilian recruiting firm in the United States. It offers online hiring products, hiring-based advertising space in online and print media, contingency hiring services, and participation in career fairs. | – | Bradley-Morris Holdings, LLC acquired Recruitmilitary, LLC on October 18, 2016. RecruitMilitary will operate as a division of Bradley-Morris and Peter A. Gudmundsson, who is president and Chief Executive Officer of Recruitmilitary, LLC, continues as a President of the division. |
| 10/18/2016 | myownasp.com, Inc. | Alpharetta, GA | Internet Software and Services | NovelAspect, Inc. | NovelAspect, Inc. specializes in application hosting solutions. | – | myownasp.com acquired NovelASPect on October 18, 2016. Warren Patterson, Chief Operating Officer of NovelASPect will remain in the same position at newly formed company. |
| 10/14/2016 | Guardian Building Products Inc. | Greer, SC | Trading Companies and Distributors | Hawkeye Building Distributors Limited | Hawkeye Building Distributors Limited offers aluminum soffits and sidings, aluminum accessories, and steel sidings and accessories. | – | Guardian Building Products Inc. acquired Hawkeye Building Distributors Limited on October 14, 2016. |
| 10/14/2016 | Crednology Holding Corporation (OTCPK:COHO) | Gray, GA | Specialized Finance | 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC | 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC represents the combined operations of Riteman, Inc. and Landmark PMG LLC in their sale to Crednology Holding Corp. Riteman, Inc. and Landmark PMG LLC offer IT consulting services including disaster recovery and cloud computing services. The companies are based in the United States. | – | Crednology Holding Corp. (OTCPK:COHO) entered into a letter of intent to acquire 100% stake in Riteman, Inc. and 100% stake in Landmark PMG LLC from 4Service Cloud Tech AG (ENXTPA:MLOVE) on July 25, 2016. |
| 10/14/2016 | First National Bank of Decatur County | Bainbridge, GA | Regional Banks | Citizens Bank (Cairo, GA) | As of October 14, 2016, Citizens Bank (Cairo, GA) was acquired by First National Bank of Decatur County. Citizens Bank offers personal and commercial banking services. The bank was founded in 1904 and is based in Cairo, Georgia. | – | First National Bank of Decatur County entered into definitive agreement to acquire Citizens Bank (Cairo, GA) on June 21, 2016. Under the terms of the merger, First National Bank will be the acquiring institution and surviving charter. The combined banks will operate under the First National Bank name. |
| 10/12/2016 | Prima Music LLC | Brooks, GA | Internet and Direct Marketing Retail | Music Treasures, Inc. | Music Treasures, Inc. distributes music and dance resource products. | – | Prima Music acquired Music Treasures from Daniel Tuszynski Jr on October 12, 2016. The Music Treasures catalog will remain active. |
| 10/11/2016 | Relias Learning, LLC | Cary, NC | Healthcare Technology | Swank HealthCare Inc. | Swank HealthCare Inc. provides online healthcare education courses for civilian and military hospitals, clinics, and medical treatment facilities worldwide operates as a subsidiary of Relias Learning, LLC. | – | Relias Learning, LLC acquired Swank HealthCare from Swank Motion Pictures, Inc. on October 11, 2016. Simultaneously Relias Learning, LLC acquired AHC Media. |
| 10/11/2016 | Hargett Hunter Capital Partners | Raleigh, NC | Asset Management | Green Cafe Management, Inc. | Green Cafe Management, Inc. owns and operates restaurants in Texas. Its restaurants offer appetizers, soups, salads, tacos, sandwiches, burgers and Paninis, pastas, wood-fired pizzas, desserts, side dishes, kid’s menu, beverages, and breakfast. | – | Hargett Hunter Capital Partners acquired majority stake in Ruggles Green on October 11, 2016. Jason Morgan, former Chief Financial Officer of Zoës Kitchen and a current Hargett Hunter managing partner will step into the role of Chief Executive Officer for Ruggles Green. |
| 10/11/2016 | Relias Learning, LLC | Cary, NC | Healthcare Technology | AHC Media, LLC | AHC Media, LLC publishes healthcare newsletters, sourcebooks, eBooks, and special reports for freestanding ambulatory surgery centers, hospital-based same-day surgery programs, office-based surgery programs, medical directors, administrators, business managers, and others. | – | Relias Learning, LLC acquired AHC Media LLC on October 11, 2016. Simultaneously, Relias Learning, LLC acquired Swank HealthCare from Swank Motion Pictures, Inc. |
| 10/11/2016 | Elm Street Technology, LLC | Greensboro, NC | N/A | Listingbook, LLC | Listingbook, LLC provides an online platform and client management system for buyers and sellers of real estate. | – | Elm Street Technology, LLC acquired Listingbook, LLC on October 11, 2016. |
| 10/11/2016 | Sage Automotive Interiors, Inc. | Greenville, SC | Auto Parts and Equipment | Apollo S.p.A | Apollo S.p.A manufactures upholstery fabrics and velvets for the automotive interiors. | – | Sage Automotive Interiors, Inc acquired an unknown majority stake in Apollo Spa on October 11, 2016. |
| 10/10/2016 | AmericaTowne, Inc. | Raleigh, NC | Advertising | Carson Holdings, LLC | ATI Nationwide Holding Corp. is a holding company, which through its subsidiary Nationwide Microfinance Limited, provides national savings and loan operating services. | $0.18 | AmericaTowne, Inc. entered into stock purchase agreement to acquire 65.54% stake in EXA, Inc. (OTCPK:EXAI) from Carson Holdings, LLC and Joseph C. Passalaqua for $0.18 million on October 3, 2016. AmericaTowne will acquire 35 million shares from Carson Holdings for $0.075 million and 30 million shares from Joseph C. Passalaqua for $0.1 million. The source of funds was working capital from AmericaTowne, Inc. The transaction was approved by Board of Directors of AmericaTowne, Inc. and EXA, Inc. The acquisition will take place on or before October 15, 2016. |
| 10/10/2016 | CMT Industrial Solutions, Inc. | Greenville, SC | Trading Companies and Distributors | Gamco Services, Inc. | As of October 10, 2016, Gamco Services, Inc. operates as a subsidiary of CMT Industrial Solutions. | – | CMT Industrial Solutions acquired Gamco Services, Inc on October 10, 2016. |
| 10/8/2016 | Coastal Carolina National Bank | Myrtle Beach, SC | Regional Banks | VistaBank | As of October 8, 2016, VistaBank was acquired by Coastal Carolina National Bank. VistaBank provides personal and business banking products and services for individuals and businesses in South Carolina | $12.20 | Coastal Carolina National Bank agreed to acquire VistaBank (Aiken, SC) for $12.2 million on May 12, 2016. Each VistaBank share will be exchanged for either $5.32 in cash, common shares of Coastal Carolina Bancshares, Inc., the parent company of Coastal Carolina National Bank, or a combination of cash and Coastal Carolina Bancshares common stock. |
| 10/7/2016 | Trail Creek Investments, LLC | Raleigh, NC | Distributors | Warren Oil Company, LLC | Warren Oil Company, LLC manufactures and supplies automotive lubricants and household chemicals in the United States and internationally. | – | Trail Creek Investments, Inc. acquired an unknown minority stake in Warren Oil Company, Inc. on October 7, 2016. Irwin Warren, the founder and Chief Executive Officer of Warren Oil, will maintain an undisclosed “significant shareholder position” in Warren Oil along with the management team of Warren Oil. Irwin Warren will also serve on Trail Creek’s Board of Directors. |
| 10/5/2016 | Owen Security Solutions, Inc. | Calhoun, GA | Security Services | Tight Security Systems INC. | Tight Security Systems INC., a security company, engages in the sale, service, installation, and monitoring of security products. | – | Owen Security Solutions Inc acquired Tight Security Systems, Inc from Scott Bishop on October 5, 2016. Scott Bishop has joined the Owen Security Solutions team and will continue to support the Ellijay area. |
| 10/4/2016 | Local Loyalty Marketing Solutions NC LLC | Raleigh, NC | Advertising | WordsFound, LLC | WordsFound, LLC, a content company, provides Website content and specialized writing services. | – | LeadsNearby acquired WordsFound on October 4, 2016. As part of the transaction, Stacey Whitney, Owner of WordsFound will be the part of LeadsNearby’s marketing team and will work out of LeadsNearby’s new Charlotte office. |
| 10/4/2016 | Hi-Tech Pharmaceuticals, Inc. | Norcross, GA | Personal Products | Singerman & Braun, LLC | Singerman & Braun, LLC, doing business as Prime Nutrition, manufactures supplements. The company offers sugar substitutes, fat burners, gifts, and stacks | – | Hi-Tech Pharmaceuticals, Inc. acquired stake in Prime Nutrition on October 4, 2016. |
| 10/4/2016 | SportsMEDIA Technology Corporation | Durham, NC | Electronic Equipment and Instruments | Sportvision, Inc. | Sportvision, Inc. develops sports and entertainment products for fans, media companies, and marketers. | – | SMT, Inc. agreed to acquire Sportvision, Inc. from Escalate Capital Partners, Second Alpha Partners, Motorola Solutions Venture Capital, Pritzker Group Venture Capital and others on September 20, 2016. |
| 10/4/2016 | Epes Logistics Services, Inc. | Greensboro, NC | Air Freight and Logistics | Atlantic Logistics, Inc. | Atlantic Logistics, Inc. offers trucking services. The company provides dry van, flatbed, partial and less-than-truckload (LTL), refrigerated, and specialized freight services. | – | Epes Logistics Services, Inc. acquired Atlantic Logistics, Inc. from Brad Moore on October 4, 2016. All staff from Atlantic Logistics will be retained. Atlantic Logistics President Brad Moore will join Epes Logistics in a sales role. |
| 10/4/2016 | Intercontinental Exchange, Inc. (NYSE:ICE) | Atlanta, GA | Financial Exchanges and Data | Standard & Poor’s Securities Evaluations, Inc. and Credit Market Analysis Limited | Standard & Poor’s Securities Evaluations, Inc. and Credit Market Analysis Limited represents the combined operations of Standard & Poor’s Securities Evaluations, Inc. and Credit Market Analysis Limited in their sale to Intercontinental Exchange, Inc. | – | Intercontinental Exchange, Inc. (NYSE:ICE) entered into a definitive agreement to acquire Standard & Poor’s Securities Evaluations, Inc. and Credit Market Analysis Limited from S&P Global Market Intelligence on February 29, 2016. |
| 10/3/2016 | Rentokil, Inc. – Pest Control Services | Norcross, GA | Environmental and Facilities Services | ISOTECH Pest Management Inc. | ISOTECH Pest Management Inc. provides commercial and residential pest control services in California. | – | Rentokil, Inc. – Pest Control Services acquired Isotech Pest Management, Inc. on October 3, 2016. |
| 10/3/2016 | GMS Inc. (NYSE:GMS) | Tucker, GA | Trading Companies and Distributors | United Building Materials, Inc. and United Construction Products, Inc. | As of October 3, 2016, United Building Materials, Inc. and United Construction Products, Inc. were acquired by GMS, Inc. United Building Materials, Inc. | – | GMS, Inc. (NYSE:GMS) acquired United Building Materials, Inc. and United Construction Products, Inc. from Ray Zawadzki on October 3, 2016. Ray Zawadzki and his entire team will join GMS pursuant to the acquisition. |
| 10/3/2016 | Continental Tire the Americas, LLC | Fort Mill, SC | Tires and Rubber | Hoosier Racing Tire Corp. | Hoosier Racing Tire Corp. designs and manufactures racing and street tires. It also provides apparel and accessories, including hats, shirts, jackets, T-shirts, sweatshirts, drink holders/coolers, seats/cushions, bags, tools/supplies, and baby and toddler items. | – | Continental Tire the Americas, LLC acquired Hoosier Racing Tire Corp. from Newton family on October 3, 2016. Post-acquisition, Hoosier’s management team will continue to run the racing tire business. |
| 10/3/2016 | EIS, Inc. | Atlanta, GA | Trading Companies and Distributors | Communications Products & Services | Communications Products & Services operates as a distributor of outside plant product solutions for aerial and underground network construction projects. | – | EIS, Inc. acquired Communications Products & Services from Lynwood Capital Partners, Inc. and others on October 3, 2016. |
| 10/3/2016 | Aptean, Inc. | Alpharetta, GA | Application Software | GQ Life Sciences, Inc. | GQ Life Sciences, Inc. operates a life science information and search company. | – | Aptean, Inc. acquired GQ Life Sciences, Inc. from Milestone Venture Partners II, L.P. fund of Milestone Venture Partners and others on October 3, 2016. |
| 10/3/2016 | American Synthol, Inc. | Marietta, GA | Oil and Gas Refining and Marketing | Travis Oil LLC | Travis Oil LLC manufactures synthetic oils for application as lubricants, anti-rust films, and as release agents in food processing machinery. | – | American Synthol, Inc. acquired Travis Oil LLC on October 3, 2016. |
| 10/3/2016 | Laboratory Corporation of America Holdings (NYSE:LH) | Burlington, NC | Healthcare | ClearPath Diagnostics | ClearPath Diagnostics, a pathologist-owned and operated tissue pathology and cytology practice, provides cytology, pathology, and ancillary testing services in the United States. | – | Laboratory Corp. of America Holdings (NYSE:LH) acquired ClearPath Diagnostics from Shore Capital Partners, LLC and other shareholders on October 3, 2016. |
| 10/3/2016 | American Tattoo Society | Fayetteville, NC | Specialized Consumer Services | Cross Creek Tattoo | Cross Creek Tattoo provides body tattooing services. The company is based in Fayetteville, North Carolina. As of October 3, 2016, Cross Creek Tattoo operates as a subsidiary of American Tattoo Society. | – | American Tattoo Society acquired Cross Creek Tattoo on October 3, 2016. Cross Creek Tattoo’s three artists – James Babb, Kenny Ng and Joshua Hickman – will join artists at American Tattoo Society. |
| 10/3/2016 | Five Points Capital; PNC RiverArch Capital; HarbourVest Partners L.P. | Winston-Salem, NC | Asset Management | Five Star Food Service, Inc. | Five Star Food Service, Inc. provides vending, micro-markets, office coffee, and dining services in Tennessee, Georgia, and Alabama. | – | PNC RiverArch Capital, HarbourVest Partners L.P., Five Points Capital and management of Five Star Food Service acquired Five Star Food Service, Inc. on October 3, 2016. |
| 10/3/2016 | Domtar Corporation (NYSE:UFS) | Fort Mill, SC | Paper Products | HDIS Inc. | HDIS Inc. distributes incontinent supplies for men and women who experience loss of bladder control. It offers protective underwear; bladder control protection pads and liners that are designed for lighter protection against urine leakage; underpads and bed pads; reusable products, which include washable bed pads, washable pants, and briefs; bariatric products; and male guards and specialty products for men. | $55.00 | Domtar Corporation (NYSE:UFS) agreed to acquire HDIS Inc. from Dawn Grench for $55 million on August 18, 2016. As reported, the consideration includes cash payment of $45 million with a possible earn-out payment of up to $10 million. HDIS Inc. reported turnover of $65 million in 2015. The closing of the transaction is subject to customary closing conditions and is expected by year-end. |
| 10/3/2016 | Quintiles IMS Holdings, Inc. (NYSE:Q) | Durham, NC | Life Sciences Tools and Services | IMS Health Holdings, Inc. | IMS Health Holdings, Inc. provides information and technology services to healthcare industry worldwide. | $13,549.36 | Quintiles Transnational Holdings Inc. (NYSE:Q) signed an agreement to acquire IMS Health Holdings, Inc. (NYSE:IMS) from Canada Pension Plan Investment Board, Leonard Green & Partners, L.P., TPG Global, LLC and others in merger of equals transaction for $8.8 billion in stock on May 3, 2016. |
| 10/3/2016 | Duke Energy Corporation (NYSE:DUK) | Charlotte, NC | Electric Utilities | Piedmont Natural Gas Co. Inc. (NYSE: PNY) | Piedmont Natural Gas Company, Inc., an energy services company, distributes natural gas. | $6,589.35 | Duke Energy Corporation (NYSE:DUK) signed a non-binding term sheet to acquire Piedmont Natural Gas Co. Inc. (NYSE:PNY) for $4.4 billion in cash on September 9, 2015. Duke Energy will acquire all outstanding shares of Piedmont Natural at an offer per share of $53 to $56. Duke Energy Corporation signed a definitive agreement to acquire Piedmont Natural Gas Co. Inc. for $4.8 billion in cash on October 24, 2015. |
| 10/1/2016 | TPM Inc. | Greenville, SC | Technology Distributors | Carolina CAD Solutions, Inc. | Carolina CAD Solutions, Inc. offers design software and digital content services including computer aided design software. | – | TPM Inc. acquired Carolina CAD Solutions, Inc. on October 1, 2016. |
| 10/1/2016 | Synovus Financial Corp. (NYSE:SNV) | Columbus, GA | Regional Banks | Entaire Global Companies, Inc. | Entaire Global Companies, Inc., through its subsidiaries, originates, structures, and services insurance-backed loans. | $30.00 | Synovus Financial Corporation (NYSE:SNV) entered into a definitive agreement to acquire Entaire Global Companies for $30 million on August 18, 2016. |
Source: S&P Capital IQ