Acquisitions in Maine in 2017

Champlain Capital Partners, LP has completed a recapitalization of JSI Store Fixtures, Inc., a privately owned manufacturer of high-end retail and supermarket fixtures headquartered in Milo, Maine. BDO Capital Advisors served as exclusive financial advisor to JSI on the transaction, which provides liquidity to shareholders and positions the company for strategic growth and capital investments.

Blackhawk Network Inc. acquired CashStar Inc., a Portland-based provider of gift card commerce solutions, for approximately $175 million in cash. The deal strengthens Blackhawk's position in the first-party digital gift card market and is expected to be earnings neutral in fiscal 2017 and accretive in 2018 after synergies.

Arlington Capital Partners, a Washington, D.C.-area private equity firm, has acquired Tex Tech Industries, a Maine-headquartered manufacturer of specialty high-performance textile materials serving aerospace, defense and industrial markets. The deal—completed in August 2017—transfers ownership from ShoreView Industries and positions Tex Tech for growth under Arlington's buy-and-build strategy.