Acquisitions in Indiana in 2015

Enghouse Systems Limited has completed the acquisition of CTI Group (Holdings) Inc. for U$0.61 per share, representing a 76% premium to the prior closing price. CTI, an Indianapolis-headquartered provider of carrier-grade analytics, call recording and enterprise communications management software, will complement Enghouse's telecommunications operator solutions; Cherry Tree acted as advisor to CTI's board.

Industrial Group Holdings, a portfolio company of Dunes Point Capital, has acquired Standard Locknut, LLC from investors Capital For Business and Centerfield Capital Partners. Standard Locknut is a precision manufacturer of bearing accessories based in Westfield, Indiana; the deal expands Industrial Group Holdings’ manufacturing capabilities and product offering across industrial end markets.

Patricia Industries, a division of Investor AB, agreed to acquire The Braun Corporation (doing business as BraunAbility), the U.S. market leader in wheelchair-accessible vehicles and wheelchair lifts. The deal, announced September 23, 2015, positions BraunAbility as a wholly-owned subsidiary of Patricia Industries to accelerate product innovation and global expansion; financial terms were not disclosed.

MetalX, LLC acquired the assets of Metal Shred Industries, LLC, a Kendallville, Indiana-based scrap aluminum toll processor. The acquisition adds an aluminum shredding and separation facility to MetalX's existing network of scrap processing operations, expanding its nonferrous processing capabilities and footprint in Indiana.

Lippert Components, Inc., a wholly-owned subsidiary of Drew Industries Incorporated, has acquired Roehm Marine, LLC d/b/a Signature Seating, a portfolio company of Centerfield Capital Partners. The acquisition gives Lippert immediate entrance into the marine (pontoon boat) furniture market and supports Signature's plan to grow its marine and motorhome furniture businesses.