Missouri M&A Update

 

9-September-2021

C&C Produce was acquired by Good Source Solutions, via its financial sponsors A&M Capital and Highview Capital, through an LBO on September 09, 2021 for an undisclosed sum.

 

C&C Produce is a distributor of produce products based in North Kansas City, Missouri. The company operates 200,000 square foot facility with 10 separate coolers allowing it to hold inventory of products at the required temperature.

 

8-September-2021

DisruptOps was acquired by FireMon for an undisclosed amount on September 8, 2021.

DisruptOps is a developer of a cloud management platform intended to bring unprecedented insight, control, and expertise into the cloud environment. The company’s platform includes an automated and continuous cloud control infrastructure, enabling teams in an organization to move faster into the cloud while strengthening security controls, streamlining operations, and limiting cloud spending.

 

8-September-2021

Pendo Management was acquired by Class Valuation, via its financial sponsor Gridiron Capital, through an LBO on September 8, 2021 for an undisclosed sum.

Pendo Management is a provider of appraisal management services intended for real estate valuation. The company offers different types of appraisals such as residential, real estate owned (REO), commercial, reverse mortgage and relocation appraisals, enabling clients to find the right price for properties.

Combining Class Valuation and the company’s core capabilities, tech-enabled workflows and complementary areas of expertise will allow them to provide better service to their customers.

8-September-2021

The Vandiver Group was acquired by Lambert for an undisclosed amount on September 8, 2021.

The Vandiver Group is a provider of strategic communication and public relation services intended to serve corporate and private clients in St. Louis, Missouri. The company specializes in strategic counseling, public relations, crisis management, media relations, research, creative design, social media, marketing, training, health communication, and employee communication services, thereby allowing clients to communicate, engage and build brand reputation.

The acquisition fuel Lambert’s integrated service offerings and expanding its talent bench.

1-September-2021

TIG Thomas Insurance Group was was acquired by Senior Market Sales on September 1, 2021 for an undisclosed sum.

TIG Thomas Insurance Group is a provider of insurance services based in Cape Girardeau, Missouri. The company offers Medicare, life insurance, auto, long-term care and disability insurance services to its clients.

31-August-2021

Rejuvenate Mind-Body Wellness Center was acquired by Curis Functional Health for an undisclosed amount on August 31, 2021.

Rejuvenate Mind-Body Wellness Center is an operator of mental health, chiropractic and nutritional care clinic located in Lee’s Summit, Missouri. The clinic offers chiropractic care for neck pain, headaches, migraines, bulging or herniated discs and spinal decompression, mental therapy for individuals, couples, family, kids, cognitive behavior and psychological evaluation as well as weight loss programs, enabling patients with physical and mental well-being.

The acquisition expands Curis’ Chiropractic, Counseling, and Nutritional services.

 

23-August-2021

Spear Power Systems was acquired by was acquired by Sensata Technologies (NYS: ST) for an undisclosed amount on August 23, 2021.

Spear Power Systems is a developer of both off-the-shelf and custom lithium-ion cells intended to deliver robust services for the most demanding applications. The company’s products lithium-ion cells, modules, battery packs, and integrated power services for defense, oil and gas, mining, marine, renewable energy, communications, and medical customers, enabling businesses to maximize value and reduce the time to deployment.

12-August-2021

Inspr was acquired by Stars Design Group, Steve Smith and Will Smith for an undisclosed amount on August 12, 2021.

Inspr is an operator of an online retail clothing portal intended to offer a wide range of fashionable clothing collections. The company’s portal offers monthly limited-edition collections that are customized to last for seasons and years and are inspired by people who are passionate about style, art, design, travel and community, in a wide range of sizes, enabling customers to choose from and purchase a wide range of reasonably priced clothes, designed using sustainable practices.
 
The acquisition will help the company to extends it’s offerings through design, manufacturing, brand development, marketing services, e-commerce and expansion into brick and mortar.

5-August-2021

StayLock Storage was acquired by SROA Capital through an LBO on August 5, 2021 for an undisclosed sum.

StayLock Storage is a provider of storage facilities intended to offer multi-state storage services. The company offers a range of options including standard units, climate-controlled units, standard parking and covered parking, providing customers safe and secure storage units.

3-August-2021

Italgrani USA, a subsidiary of Progetto Grano, was acquired by Richardson Oilseed (US) Holdings, a subsidiary of Richardson International, for an undisclosed amount on August 3, 2021.

Italgrani USA is an operator of a milling company intended to offer flour milling services in North Dakota. The company operates semolina and durum mills to offer a wide range of products, granulations, packaging formats and custom blends besides providing grain merchandising services which include assisting exporters in originating and shipping grain, enabling clients to gain access to grain milling and merchandising at an affordable cost.
 
The acquisition is fully aligned with Richardson International’s long-term strategic goals of diversification, geographic expansion and an increased presence in food processing and will enhance the services it will be able to offer to its producer customers, both in Canada and the US.

3-August-2021

Specialty Carts was acquired by Capsa Healthcare, via its financial sponsor Levine Leichtman Capital Partners, through an LBO on August 3, 2021 for an undisclosed sum.

Specialty Carts is a manufacturer of medication carts, medical parts and accessories intended for long-term and extended care. The company fabricates, assembles and supplies durable, secure and convenient products to extended care pharmacies and resident facilities, enabling healthcare providers to optimize their operational efficiency at a competitive price.

2-August-2021

Gateway Pharmacology Laboratories was acquired by Bioanalytical Systems (NAS: NOTV) for an undisclosed amount on August 2, 2021.

Gateway Pharmacology Laboratories is an operator of preclinical contract research organization aimed to support the rapid advancement of a project and product launch. The company specializes in cardiovascular pharmacology studies that inform disease relevance and compound safety, thereby enabling a seamless transition into clinical evaluation and helping customers in maximizing the value of their study.
 
The acquisition is a strategic element of Bioanalytical Systems’ previously announced St. Louis operations expansion, designed to include laboratories for increased drug metabolism & pharmacokinetics (DMPK) technology and capability, as well as a new cell and molecular biology suite capable of delivering in vitro solutions in pharmacology and toxicology early in drug discovery.

30-July-2021

ABLE Manufacturing & Assembly was acquired by National Composites, via its financial sponsor Covington Partners, through an LBO on July 30, 2021 for an undisclosed sum.

ABLE Manufacturing & Assembly is a manufacturer of fiberglass composites and fabrication services for agricultural, construction, military and coating industries. The company offers turn-key painted and gel coat fiberglass composite assemblies, aluminum and steel metal fabrications, plastic vacuum thermoform assemblies, specialty vehicle operator cabs, operator pulpits and industrial enclosures to its clients, thereby helping them to improve the efficiency of customers operations by collaboratively serving as an extension of their business to provide value-added products.
 
With this acquisition, National Composites have gained strategic customer advantages in both applications and geographic distribution. Previously, the company was approved for a $1.49 million Paycheck Protection Program Loan from Arvest Bank on April 7, 2020.

29-July-2021

Cloud Star was acquired by NXMH through an LBO on July 29, 2021 for an undisclosed sum.

Cloud Star is a producer of natural pet food products for dogs and cats. The company offers a range of minimally processed, natural and wholesome pet foods, complements, treats and supplements that are made without using by-products, colors, corn, soy or any artificial flavors and provide complete and balanced nutrition through a mix of protein, fat, fiber, vitamins and minerals, enabling pets to receive palatable and digestible products as per their requirements.
 
With the deal, the newly combined scale and footprint will allow the company to build its platform and accelerate its development, with more innovation, geographic expansion and new acquisitions.

29-July-2021

Jefferson Bank & Trust Company reached a definitive agreement to be acquired by First Mid-Illinois Bank & Trust (NAS: FMBH) for $106.3 million on July 29, 2021.

Jefferson Bank & Trust Company is a provider of commercial banking services in Saint Louis, Missouri. The company offers personal banking, mortgage loans, online banking services, helping customers with efficient banking services.
 
The merger provides First Mid-Illinois Bank & Trust customers access to a larger banking network and an expanded array of services. 

27-July-2021

Watkins Lithographic reached a definitive agreement to be acquired by Modern Litho, a subsidiary of Midtown Printing & Digital Solutions, for an undisclosed amount on July 27, 2021.

Watkins Lithographic is a provider of commercial printing and logistics services based in North Kansas City, Missouri. The company specializes in offering a full array of print technologies including digital, large format, sheet fed, UV, web and flexo printing as well as online order fulfillment, web-based reporting, warehousing and inventory control services, enabling clients to get tailored printing and logistics solutions that enforce and strengthen their brand image.
 
The acquisition enables Modern Litho to increase its production capacity and further enhance its suite of services. 

26-July-2021

Sapper Consulting was acquired by Abstrakt Marketing Group for an undisclosed amount on July 26, 2021.

Sapper Consulting is a provider of email marketing solutions intended to implement customer acquisition tactics. The company offers tailored lead generation and sales engagement consulting, thereby helping organizations in better use of sales engagement tools and help them avoid mistakes to reduce the time it takes to accelerate revenue growth.
 
The acquisition will enable Abstrakt Marketing Group to offer comprehensive integrated marketing services to more than 1,700 clients in all 50 U.S. states. Previously, the company was approved for a $1.01 million Paycheck Protection Program Loan from Enterprise Bank & Trust on April 4, 2020.

20-July-2021

Bibb Engineers Architects & Constructors was acquired by S & B Engineers and Constructors for an undisclosed amount on July 20, 2021.

Bibb Engineers Architects & Constructors is a provider of engineering, design and construction support services for power & energy, industrial, manufacturing & process as well as architecture & facilities sectors. The company provides civil, structural, mechanical and electrical and controls engineering services, along with offering architecture, procurement, construction management, drone, laser scanning and other related site services.
 
The acquisition extends S&B’s engineering, procurement and construction expertise in key markets and geographies.

19-July-2021

Environmental Management Alternatives was acquired by HEPACO, via its financial sponsor Gryphon Investors, through an LBO on July 19, 2021 for an undisclosed sum.

Environmental Management Alternatives is a Provider of environmental and emergency response services to correct pre-existing environmental conditions. The company offers a full suite of environmental services that include national hazardous waste brokerage, recycling solutions, emergency response, industrial cleaning and maintenance and site remediation thereby helping clients to return their property to an environmentally safe state.
 
This acquisition gives HEPACO a desirable geographic footprint in Saint Louis, along with national hazardous waste brokerage and recycling capabilities.

16-July-2021

Kuecker Pulse Integration was acquired by Ares Management through an LBO on July 16, 2021 for an undisclosed sum.

Kuecker Pulse Integration is a provider of system integration services intended for pharmaceutical, industrial, retail and eCommerce markets. The company’s services include data collection and analysis, design and engineering, concept generation, business case development and project management, providing clients with scalable engineered solutions.
 
Previously, the company was approved for a $992,900 Paycheck Protection Program Loan from Blue Valley Ban on April 12, 2020. The application cited 62 jobs to be retained with the financing.

15-July-2021

Excel Utility Contractors, LLC was acquired by Sileo Capital, Brightwood Capital Advisors and Mizzen Capital through an estimated $6 million LBO on July 15, 2021.

Excel Utility Contractors, LLC is a provider of infrastructure services to communication, gas distribution, municipalities, government agencies, military and MSO companies. The company offers infrastructure, project and site management services to its clients.

14-July-2021

ACHeck21 was acquired by Payroc, via its financial sponsors Audax Group and Parthenon Capital Partners, through an LBO on July 14, 2021 for an undisclosed sum.

ACHeck21 is a developer of cloud-based digital transaction software for the purpose of combining ACH (Automatic Clearing House) entry classes and Check21 along with ancillary services. The company allows software vendors, originators, banks and acquirers to offer to their merchant customers ACH, check capture and verification with back-end integration to their bank or through a clearing bank, making transaction processing quick, simple and accessible.

14-July-2021

Transport Distribution Company was acquired by Paschall Truck Lines for an undisclosed amount on July 14, 2021.

Transport Distribution Company is a provider of transportation services based in Joplin, Missouri. The company specializes in the transportation of goods by trucks in the midwestern United States with experienced drivers, smartway fleet, satellite tracking and flexibility, helping clients with affordable transportation options.

8-July-2021

Geotechnology, Inc. was acquired by Universal Engineering Sciences, a subsidiary of GFA International, on July 8, 2021 for an undisclosed sum.

Geotechnology, Inc. is a provider of consulting services intended for applied earth and environmental sciences. The company offers exploration, geotechnical engineering, underground advisory, soils, rock and construction materials testing, non-destructive testing, special inspections, geophysics and deep foundation testing, thereby enabling clients to build envelope, occupational safety and building code compliance.

6-July-2021

Champion Brands was acquired by PLZ Aeroscience, via its financial sponsor Pritzker Private Capital, for an undisclosed sum through an LBO on July 6, 2021.

Champion Brands is a manufacturer of specialty lubricants that are intended for consumer and industrial applications, including automotive, construction and agricultural. The company offers a wide range of advanced, engineering-approved fluids for wear protection, high-temperature stability, improved efficiency, oxidation resistance and friction reduction. This enables clients to improve the performance and life of their equipment.
 
The acquisition will enable PLZ Aeroscience to continue growing their specialty automotive and industrial footprint across North America.

1-July-2021

Barbour Concrete Company was acquired by Forterra, via its financial sponsor Lone Star Funds, for an undisclosed sum through an LBO on July 1, 2021.

Barbour Concrete Company is a manufacturer of precast concrete products that are intended for the underground utility, communications, highway and commercial markets. The company offers storm sewer inlets, sanitary sewer manholes, transformer and switchgear pads, utility vaults as well as a stone strong retaining wall system. This  provides customers with ready-to-install products that are efficient as well as save on time and labor costs.
 
The acquisition will accelerate Forterra’s growth in the precast concrete markets and strengthen the company’s position in the growing Kansas City region.

22-June-2021

Clarus Communications reached a definitive agreement to be acquired by Telecom Decision Makers for an undisclosed amount on June 22, 2021.

Clarus Communications provides telecommunications and related services in Saint Louis, Missouri. The company designs, installs and supports IP phone systems, data, cloud services and telephony services nationwide, helping organizations make the best decisions regarding their phone service, phone systems, wireless, and data needs.
 
With this acquisition, Telecom Decision Makers will capitalize on synergies and continue to expand the breadth and depth of services offered to enterprise clients.

16-June-2021

Perimeter Solutions reached a definitive agreement to acquire EverArc Holdings (LON: EVRA) through a reverse merger for an estimated $740 million on June 16, 2021.

Perimeter Solutions is a manufacturer of firefighting products and lubricant additives. The company offers chemicals and services for fighting wildfires and to extinguish fires along with oil additives products that are used in the production of lubrication oil additives, mining chemicals and pesticides.
 
Previously, the company, fire safety and oil additives business units of Israel Chemicals (TAE: ICL), was acquired by SK Capital Partners and HarbourVest Partners through a $1 billion LBO on March 28, 2018.

11-June-2021

Worldwide Express Partners entered into a definitive agreement to receive an undisclosed amount of development capital from CVC Capital Partners on June 11, 2021.

Worldwide Express Operations is a provider of logistics services intended to offer reliable and cost-competitive shipping. The company’s logistics services include small parcel shipping, less-than-truckload, full truckload, freight brokerage, and air freight services, enabling small-to-medium-sized businesses to ship products around the world.
 
The financing is intended to be used for an acquisition of GlobalTranz Enterprises.

9-June-2021

Talema Group was acquired by Kamic Group for an undisclosed amount on June 9, 2021.

Talema Group is a manufacturer and supplier of toroidal transformers and related magnetic components in Rolla, Missouri. The company with its manufacturing facilities, qualified technical and engineering expertise and skilled workforce has managed to deliver custom transformers for markets such as automotive, professional audio, medical, security, instrumentation, helping customers with quality product design and competitive cost.
 
The acquisition will bring experienced and powerful management and the company’s customer base and geographic presence will provide an ideal complement to Kamic’s existing business in this area.

7-June-2021

Sachs Electric Company enters into an agreement to be acquired by its management and One Rock Capital Partners  through an LBO on June 7, 2021.

Sachs Electric Company is the operator of an electrical and technology construction firm. The company specializes in national electrical contracting, communications, instrumentation and engineering serving the United States, Canada and Puerto Rico.

1-June-2021

Mueller Prost was acquired by Wipfli for an undisclosed amount on June 1, 2021.

Mueller Prost is a provider of accounting services catering to the health care, manufacturing and distribution, nonprofit, real estate and construction industries. The company specializes in offering a full range of professional tax, audit, accounting, and consulting services, enabling clients to maintain a competitive advantage while getting assistance throughout each phase of the business life cycle.
 
The acquisition enables Wipfli to expand its presence into Missouri and Southern California while expanding its talent base in India and adding deep knowledge and expertise in several key industry verticals.

1-June-2021

UTXL was acquired by Knight-Swift Transportation for $22.5 million on June 1, 2021.

UTXL is a provider of third-party logistics based in Kansas City, United States. The company specializes in over-the-road full truckload and multi-stop loads trucking services throughout the US, Canada, and Mexico by connecting niche carriers to the transportation marketplace, thereby offering responsive, dependable, seamless service to all of its shipping customers.
 
The acquisition expands Knight-Swift’s transportation service offerings.

26-May-2021

Bancsource was acquired by Cennox, via its financial sponsor BGF, through an LBO on May 26, 2021.

Bancsource is a provider of banking equipment, services and supplies catering to financial institutions. The company focuses on the sale, installation, service and support of custom hardware and software solutions for banking companies, helping them improve the speed, accuracy and reliability of the services it gives to its customers including designing of high-level stocked parts for better responsiveness and reliability.
 
The deal enables Cennox to expand their operations across the United States and further build on their extensive field service programs for their customers.

25-May-2021

American Construction Source to be acquired by US LBM Holdings, via its financial sponsor Bain Capital, through an LBO on May 25, 2021.

American Construction Source is an operator of a holding company serving as a lumber and building materials (LBM) distribution platform. The company seeks to strengthen and expand the company’s core business through acquisitions and provides lumber and building materials (LBM) businesses the resources, leverage and focus to cater to the needs of custom home builders, repair and remodel contractors, and do-it-yourself homeowners.

21-May-2021

Kansas City Southern to be acquired by Canadian National Railway (TSE: CNR) for $34.6 billion on May 21, 2021.

Kansas City Southern (NYS: KSU), the smallest Class I railroad, derives about half of its $2.6 billion revenue on 3,400 miles of track in the Central and Southern United States. CS’ freight includes industrial and forest products (around 21% of total revenue), chemicals and petroleum (26%), agriculture and minerals (18%), intermodal (13%), energy (9%), and autos (9%); other revenue stems from switching, demurrage, and the like.
 
The company will receive a contingent payout of $1 billion if the U.S. Surface Transportation Board (STB) rejects a voting trust structure it has put forward to complete the deal. The acquisition will create a North American railway spanning the United States, Mexico and Canada. 

21-May-2021

Zaarly was acquired by Airtasker (ASX: ART) for $3.4 million on May 21, 2021.

Zaarly is a developer of a proximity-based marketplace designed to offer home-maintenance jobs and projects. The company’s marketplace of vetted small businesses provides home service, including selection, communication, scheduling, payment, reviews and repeat work, enabling long-term partners for homeowners, service providers and real estate brokers to provide a better client experience.

17-May-2021

Aegion was acquired by New Mountain Capital through a $995 million public-to-private LBO on May 17, 2021.

Aegion Corp operates in the infrastructure protection and maintenance sector. The company has three segments. The infrastructure solutions segment primarily provides rehabilitation and maintenance services for infrastructure projects. The corrosion protection segment performs maintenance, rehabilitation, and corrosion protection services for oil and gas, industrial, and mineral piping systems and structures, in addition to supplying products for gas release and leak detection systems. The energy services segment provides engineering, procurement, construction, maintenance, and turnaround services, primarily for the oil and gas industry. The company generates the majority of its sales from the North American market.
 
Jefferies, Credit Suisse, MUFG Bank, Sumitomo Mitsui Financial group, KeyBank and Deutsche Bank provided $725 million debt financing in the form of a $75 million revolving credit line and a $675 million first lien term loan to support the transaction.

17-May-2021

Transaction Data Systems was acquired by BlackRock through an LBO on May 17, 2021 for an undisclosed sum.

Transaction Data Systems is a developer of pharmacy management systems and clinical applications for single, multi-site, assisted living and hospital pharmacies. The company’s platforms offer insights, analytics, clinical opportunities, insurance claims processing, e-prescription connectivity, pharmacy workflow management services, thereby helping clients improve operations and workflow, expand their businesses, bolster their data analytics, increase patient engagement and drive better healthcare outcomes

17-May-2021

Contractors and Municipal Sweeping Service was acquired by Sweeping Corporation of America, via its financial sponsor Warburg Pincus, through an LBO on May 17, 2021 for an undisclosed sum.

 
Contractors and Municipal Sweeping Service is a provider of street sweeping services to municipalities and private contractors in the Saint Louis Metropolitan area. The company offers construction site clean-up, water truck cleaning, vacuum sweeping and site maintenance, helping its clients maintain a hygienic environment to work in.

13-May-2021

Westfall GMC Truck, Inc. reached a definitive agreement to be acquired by Nextran for an undisclosed amount on May 13, 2021. 

Westfall Gmc Truck is a provider of commercial trucks and parts based in Kansas City, Missouri. The company offers used and fresh light, medium, and heavy-duty trucks, as well as offers parts and services for the said trucks. The acquisition expands Nextran’s footprint from current 18 locations across the Southeast to further locations of the region.

12-May-2021

Bradford & Galt was acquired by Ettain Group, via its financial sponsor A&M Capital, through an LBO on May 12, 2021 for an undisclosed sum.

 

Bradford & Galt is a provider of IT services intended for forming a business model that allows for the deployment of IT talent and services. The company provides project staffing, consulting services, site management and EMR go-live support and training, thereby delivering client-centric, flexible and customized services to customers.

10-May-2021

Spartech was acquired by The Jordan Company through an LBO on May 10, 2021 for an undisclosed sum.

 

Spartech is a manufacturer of engineered thermoplastic materials and specialty packaging products for agriculture, aerospace, construction and automotive sectors. The company offers custom plastic sheets, extruded sheets, cell cast acrylic sheets, specialty film laminates and thermoformed packaging products, tanning bed shields, transparent ballistic enclosures, plastic sheet packaging material and roll stock products utilizing a wide breadth of highly technical manufacturing processes and polymer material science capabilities.

4-May-2021

C.L. Smith was acquired by Inmark, via its financial sponsor Kelso Private Equity, through an LBO on May 4, 2021 for an undisclosed sum.

 
C.L. Smith is a manufacturer and distributor of rigid plastic products based in St. Louis, Missouri. The company manufactures plastic bottles & jars, squeeze tubes, tubs, pails and also offers custom packaging design and manufacturing, and turnkey hazardous material shipping solutions.

4-May-2021

Pivvot was acquired by Terracon Consultants for an undisclosed amount on May 4, 2021. 

 
Pivvot is a developer of a cloud-based platform designed to empower organizations to navigate regulatory compliance and reduce operational risk. The company’s platform offers a technology that securely connects people, information and systems to critical infrastructure assets and the world around them, enabling users to visualize assets, analyze critical data, manage projects and share information with multiple users at once.