Acquisitions in Kansas in 2015

B12 Capital Partners has acquired Diamond Coach, a U.S.-based manufacturer of mid-sized passenger coaches headquartered in Oswego, Kansas. ClearRidge advised the owners on the sale; B12 was selected for its industry experience and alignment on growth strategy for the company.

Old World Industries, LLC has acquired the automotive lighting business of EiKO Global, LLC in a divestiture transaction. Angle Advisors served as exclusive advisor to EiKO; the acquisition adds a broad portfolio of automotive lighting products to Old World’s aftermarket distribution and product capabilities.

Marsh & McLennan Agency LLC (MMA) has acquired Cline Wood Agency, a specialty insurance brokerage based in Leawood, Kansas that serves commercial transportation and agribusiness clients. Cline Wood generates approximately $15 million in annual revenues and has 73 employees across offices in Leawood, Kansas; Arlington, Texas; and St. Louis, Missouri; terms were not disclosed.

Lindsay Corporation (NYSE: LNN) completed the acquisition of Elecsys Corporation (NASDAQ: ESYS) on January 23, 2015, paying $17.50 per share in cash. Elecsys — a provider of machine-to-machine (M2M) technology and custom electronic systems headquartered in Olathe, Kansas — will continue to be operated by its existing management and will support Lindsay's strategy to expand advanced water-management and M2M capabilities.