Buyout Acquisitions in 2013

JDS Uniphase Corporation agreed to acquire Network Instruments, LLC from Thoma Bravo for $200 million in cash. Network Instruments, a developer of enterprise network and application-performance management solutions, will be integrated into JDSU to expand its network management and application-performance capabilities.

Grouse Ridge Capital, a Pittsburgh-area private equity firm, has acquired Clearspan Construction Products, a small Latrobe, Pennsylvania-based maker of construction components. The announcement notes the transaction was completed by a 7 Mile advisor; financial terms and the selling party were not disclosed.

Highwood Farms has acquired longtime Mediterranean food manufacturer Tarazi Specialty Foods, Inc., adding the tahini and falafel-mix maker to its portfolio of food-related businesses. The family-owned Tarazi business — previously owned by Nabil Huleis — will be operated by Highwood Farms going forward; financial terms were not disclosed.

Carmike Cinemas, Inc. acquired Muvico Entertainment, L.L.C. for $31.75 million in cash, in a transaction that closed on November 20 (announced January 2014). The acquisition adds nine Muvico complexes (147 screens) and expands Carmike’s theatre footprint and screen count across California, Florida and Illinois.

Crowley Petroleum Distribution LLC has acquired Anderes Oil, Inc., a provider of aviation, heating, fuel and lubricant oils serving Ketchikan, Alaska and surrounding areas. The transaction is an owner exit by the Anderes founders and represents Crowley’s first expansion into southeast Alaska; Anderes’ ~20 employees will be integrated into Crowley with minimal operational disruption.

Crowley Petroleum Distribution LLC has acquired Taku Oil Sales, Inc., a family-owned petroleum distributor serving Juneau, Alaska for nearly 50 years. The purchase, driven by Crowley’s desire to expand service coverage in southeast Alaska, follows the Taku founders’ planned retirement and will preserve existing operations and staff under Crowley’s ownership.

GenNx360 Capital Partners, a New York–based private equity firm focused on middle-market industrial B2B companies, has acquired Salford Farm Machinery Ltd., a Canada-based manufacturer of tillage, seeding and fertilizing equipment, for an undisclosed amount. GenNx360 said it will leverage its operational expertise to drive Salford's growth organically and via add-on acquisitions, building on the company's strong brand, patented technology and dealer network.

Upland Software acquired New Jersey-based ComSci, adding ComSci's cloud-based IT financial business management (ITFBM) capabilities to Upland's family of cloud enterprise applications. The deal, announced at Upland's Impact 2013 conference, will keep ComSci's existing management and teams in place; financial terms were not disclosed.

PointClear Solutions has acquired Worry Free Labs, a New York–based mobile UX design and development firm, to strengthen its consumer-facing mobile application and patient engagement capabilities in the mHealth market. Worry Free Labs will operate as a subsidiary led by CEO Paul Choi and the combination expands PointClear's UX and mobile design capabilities alongside its backend healthcare software expertise.

Perficient, Inc. acquired CoreMatrix Systems LLC, a Salesforce and cloud-computing consulting and managed-services provider. 7 Mile Advisors advised CoreMatrix on the sale; reports indicated the transaction value was approximately $21.5 million. The acquisition expands Perficient’s Salesforce and cloud services capabilities and presence in the enterprise consulting market.

Radiant Logistics, Inc. (NYSE MKT: RLGT) has acquired Phoenix-based On Time Express, Inc., a privately held provider of dedicated line-haul and time-critical domestic and international logistics solutions. The deal has an aggregate base purchase price of $20.0 million with additional performance-based earnouts; On Time Express will operate as a subsidiary of Radiant Transportation Services and provide capacity to Radiant's 90+ location network.

Appirio, a global cloud services provider, acquired Topcoder, the large crowdsourced development and design community, to combine Topcoder's platform with Appirio's CloudSpokes community and accelerate crowdsourced delivery for enterprise customers. The deal brings Topcoder's ~500,000-member community together with CloudSpokes to expand Appirio's capacity in development, design and analytics.

Wolters Kluwer's Tax & Accounting division has acquired Red Moon Solutions, LLC, a Sarasota-based provider of fixed asset management and tax/accounting software, including the Fixed Assets Manager (FAM) and cloud-based eTax Portal. The acquisition expands Wolters Kluwer Corporate Services' product capabilities for medium-to-large and multinational corporations; financial terms were not disclosed.

Champion Solutions Group, a Boca Raton–based IT services and cloud solutions provider, has acquired MessageOps, a Charlotte-based provider of Microsoft Office 365 migration tools and cloud management utilities. The acquisition (100% of MessageOps equity) will combine MessageOps' product capabilities with Champion's delivery and consulting services to expand cloud management offerings; financial terms were not disclosed.

RBC Bearings Incorporated (NASDAQ: ROLL) has acquired Climax Metal Products Company, a Mentor, Ohio-based manufacturer of precision shaft collars, rigid couplings and keyless locking devices. The acquisition (approx. $13.6 million purchase price) expands RBC Bearings' product portfolio, customer base and distribution channels to support long-term growth.

SeraCare Life Sciences acquired Kirkegaard & Perry Laboratories (KPL) to expand its portfolio of antibodies, reagents and related consumables for diagnostic research. The deal broadens SeraCare's product offering into additional diagnostic areas (oncology, autoimmune, allergy and companion diagnostics) and was supported by new financing and a debt refinance provided by Madison Capital Funding and BB&T Capital Partners.

Beacon Roofing Supply, Inc. (Nasdaq: BECN) has acquired Contractors Roofing & Supply Co. (CRS), a single-location distributor of residential roofing products based in O'Fallon, Missouri with approximately $14 million in annual sales. The acquisition gives Beacon a presence in the St. Louis market and expands its distribution footprint while CRS owner Ken Bennett will exit to pursue other interests.

Brooks Automation, Inc. (Nasdaq: BRKS) signed a definitive agreement to acquire the assets and business of Matrical, Inc. for approximately $10 million in cash. The Spokane, Washington–based provider of biological sample preparation, management and storage solutions will join Brooks’ Life Science Systems business to expand its capabilities and penetration in the Agbio and broader life sciences markets.

Veracity Payment Solutions, a privately held merchant acquirer and payment processor based in Atlanta, acquired Lift Network Marketing, a mobile marketing platform and solutions company, in February 2013. The acquisition expands Veracity's product capabilities by adding mobile marketing technology to its full‑service payment solutions for small and medium‑sized merchants.

BluePay, a Tier 1 credit card processor based in Naperville, Illinois, has acquired Wholesale Merchant Group (WMG), a U.S. merchant services provider with a sales team in Florida and a retail-heavy merchant portfolio. The deal brings WMG access to BluePay's integrated payment platform and expands BluePay's capabilities and merchant base in medical and auto-related verticals.

Grouse Ridge Capital has acquired RG Steel through a joint-venture transaction, according to a 7 Mile Advisors announcement. The deal was completed with support from a 7 Mile banker and positions Grouse Ridge to expand its manufacturing footprint.

General Data Company, Inc. (through its General Data Healthcare division) has acquired Triangle Biomedical Sciences, Inc., a Durham-based maker of histology instrumentation, reagents and consumables. The acquisition expands General Data Healthcare's product portfolio to offer a comprehensive set of equipment, supplies and tracking solutions to histology and pathology laboratories; financial terms were not disclosed.

Alarm.com acquired EnergyHub to integrate EnergyHub's Mercury demand-response and energy-efficiency platform into its connected-home offerings. EnergyHub will continue operating independently under founder Seth Frader-Thompson while leveraging Alarm.com's dealer network and installed base to expand its utility and residential deployments.

Grouse Ridge Capital has acquired Castcon Stone, a precast/cast-stone manufacturer based in Pennsylvania. The acquisition expands Grouse Ridge's building-products and manufacturing capabilities in its portfolio.

LIN Media (LIN TV Corp.) acquired a majority ownership position in HYFN, a full-service digital agency specializing in social, mobile and web marketing. The acquisition expands LIN Media’s digital media portfolio and gives LIN access to HYFN’s proprietary social media management platform and creative/engineering capabilities to offer integrated digital marketing solutions to advertisers.

Zensar Technologies has completed its acquisition of US-based IT firm Akibia Inc., rebranding the Infrastructure Management Services (IMS) unit as Zensar Technologies. The deal (originally announced as part of a strategic acquisition) strengthens Zensar’s infrastructure management, network security and consulting capabilities and expands its U.S. delivery footprint.

3D Systems completed the acquisition of Geomagic, Inc. for $55 million in cash. The purchase adds Geomagic's 3D sculpting, modeling, scanning and inspection software to 3D Systems' portfolio, is expected to contribute about $17 million of revenue in 2013 and strengthens 3D Systems' 3D authoring platform and reseller coverage.

The Hilb Group, LLC (THG) acquired The Pennoyer Group, Inc. from its shareholders, effective January 31, 2013. Pennoyer, an insurance agency based in Crofton, Maryland (with an office in Bel Air), provides personal and commercial insurance and a specialty real estate agent professional liability program; THG said the deal furthers its strategy of acquiring mid-market agencies on the East Coast.

PeopleBrowsr acquired Swaylo to integrate Facebook influence analytics into its Kred product, expanding its social analytics datamine and Facebook coverage. The deal brings Swaylo's team and technology into PeopleBrowsr's San Francisco operations to strengthen Kred's influencer measurement and brand analytics capabilities.

Chicago Growth Partners, together with Trident Capital, has acquired a controlling interest in 2Checkout, an online payments processor serving thousands of ecommerce businesses. The investors said the partnership and their payments industry experience will support 2Checkout's technology enhancements and aggressive global growth plans.

Garland Industries, Inc. has acquired DryDog Barriers, LLC, a Charlotte-based manufacturer of below-grade waterproofing products and accessories. DryDog’s product line will be integrated into GMX, Inc., a wholly owned subsidiary of Garland, to expand Garland/GMX’s waterproofing capabilities and pursue additional residential and commercial waterproofing opportunities.

Western Digital acquired Arkeia Software, a developer of data protection software and backup appliances for small and midsize businesses, in a deal that closed on Dec. 19 (price undisclosed). The acquisition adds Arkeia's software, physical and virtual appliances to Western Digital's SMB storage portfolio and is intended to strengthen WD's channel and hybrid on‑premise/cloud data protection offerings.

IAC has completed the acquisition of Tutor.com, an online tutoring service that connects students with qualified tutors for on-demand one-to-one sessions. Tutor.com will continue to be led by founder and CEO George Cigale from its New York offices; IAC expects to accelerate usage through product, marketing and distribution expertise.

Lexmark International has acquired Acuo Technologies and will integrate the company's Universal Clinical Platform into Perceptive Software to expand Lexmark's healthcare software capabilities. The deal brings vendor-neutral archive (VNA) and clinical imaging/data management functionality to Perceptive's product suite, improving enterprise-wide access to imaging and document-centric patient information within the EMR.

Triple Point Technology has acquired WAM Systems to add advanced supply chain planning and optimization capabilities to its commodity management software suite. All WAM employees joined Triple Point and WAM co‑founders, including CEO Jack Weiss, will take leadership roles to integrate and expand the combined product offering.