Acquisitions in Illinois in 2017

IntriCon Corporation completed its acquisition of the remaining 80% stake in Hearing Help Express, a DeKalb, Illinois-based direct-to-consumer mail-order hearing aid provider. The transaction included $650,000 in cash, repayment of approximately $1.83 million in debt and an earn-out; IntriCon said the deal gives it direct access to consumers and the value-based hearing healthcare market.

Sika has acquired Butterfield Color, Inc., a US-based, family-owned maker of decorative concrete colorants, sealers and stamping/texturing tools based near Chicago. The purchase (Butterfield had CHF 20 million in sales in 2016) expands Sika's product portfolio and contractor presence in North America and, combined with the earlier Scofield acquisition, positions Sika as the market leader in decorative concrete solutions.

VRI, a portfolio company of Pamlico Capital, has acquired Healthcom Inc., a Sullivan, Illinois-based provider of medical alert, medication management and telehealth solutions. The deal, announced by Woodbridge International, expands VRI's remote monitoring and adherence services and adds Healthcom's provider partnerships and technology to VRI's platform.

Blackford Capital, a Grand Rapids-based private equity firm, announced its investment in Addison, Illinois-based Snowhite Textile and Furnishings (Snowhite Hospitality). The transaction (debt financed by West Suburban Bank) brings in industry veteran Greg Kadens as CEO while founder Dick Kapadia remains involved; Blackford intends to grow Snowhite's FF&E design, procurement, and project management capabilities for the hospitality market.