Acquisitions in Missouri in 2021

Altaris Capital Partners has entered into an agreement to acquire Meridian Medical Technologies from Pfizer. Meridian, a pioneer in emergency response drug-device combination products and auto-injectors with facilities in St. Louis, Missouri and Columbia, Maryland and more than 750 employees, will become an Altaris portfolio company to expand the firm's capabilities in medical countermeasures and emergency response solutions.

Funds advised by Apax Partners LLP (the Apax Funds) are backing the merger of Herjavec Group and Fishtech Group to create a combined cybersecurity services company. The new, PE-backed entity will combine complementary managed detection & response (MDR), co-managed SIEM, identity and professional services capabilities and will be led by Robert Herjavec as CEO with Gary Fish as Chairman; financial terms were not disclosed.

R/W Specialties, a portfolio company of Strength Capital Partners, completed the purchase of assets and merged operations of America Building Products (ABP). The acquisition expands RW's specialty building-products distribution footprint by adding ABP's millwork, pre-hung door capabilities and product offerings across the Midwest, enabling operational synergies and broader service coverage.

Atlanta-based private equity firm Crown Capital Investments has acquired Nova Marketing, LLC, a St. Louis-headquartered warehousing, kitting and fulfillment provider. Crown said the deal adds a central U.S. operation to its national warehousing, kitting and fulfillment network and creates synergies with its distribution solutions portfolio.

Scout Clean Energy has acquired Stockton Lake Solar Farm, LLC from Azimuth Renewables and will lead development, procurement, construction and operation of the planned 112 MWdc project near Eudora in Polk County, Missouri. Azimuth Renewables will remain involved through a development services agreement; Scout expects to invest approximately $120 million and begin commercial operations in 2025.

St. Louis-based private investment firm Capital For Business, Inc. (CFB) completed an investment in Patterson Mold and Tool, LLC, a St. Charles, Missouri-based designer and manufacturer of complex die-casting tooling and precision machined components. Affiliates Millstone Capital Advisors and Konza Valley Capital provided subordinated debt and equity; Patterson's management and production teams will remain as the company pursues growth and capability investments.

Pipeline Packaging, an employee-owned US distributor of rigid industrial containers, has acquired MidStates Container Company, a full-line packaging distributor based in St. Louis, Missouri. The deal will consolidate supply lines and expand Pipeline's geographic footprint and service offerings across the U.S. Midwest.

Ambassador Supply (Fort Wayne, Indiana) acquired Pioneer Industries, LLC (dba Pioneer Truss Company and Pioneer Home Center) of Owensville, Missouri; the transaction closed December 20, 2021. Generational Equity advised the sellers (owners Matthew and Chris Lenauer); Ambassador expands its manufactured building-products footprint and will provide growth capital while retaining existing management and employees.

Imperial Dade has acquired Garrett Paper, a family-run distributor of foodservice and janitorial products headquartered in St. Louis, Missouri. The deal — terms undisclosed — expands Imperial Dade's regional presence and marks the company's 45th acquisition under CEO Robert Tillis and President Jason Tillis.

Oracle Corporation agreed to acquire Cerner Corporation in an all-cash tender offer of $95.00 per share, valuing the transaction at approximately $28.3 billion in equity value. The deal gives Oracle a major entry into the healthcare IT market—allowing Oracle to modernize Cerner’s EHR systems on Oracle Cloud and expand Oracle’s presence in healthcare globally.

Gen4 Dental Partners, a doctor-centric Dental Service Organization based in Tempe, Arizona, has acquired Moberly Family Dentistry, a practice led by Dr. Michael Berry in Moberly, Missouri. The partnership will provide operational and leadership support so Dr. Berry and his team can focus on clinical care while benefiting from Gen4's consolidation platform.

AVI-SPL, a Marlin Equity Partners portfolio company, has completed the acquisition of SKC Communications and will merge SKC into AVI-SPL to broaden unified communications (UCC) voice capabilities and expand U.S. geographic coverage. The deal deepens AVI-SPL's cloud voice and contact center expertise while giving SKC customers access to AVI-SPL's global managed services and Symphony platform.

LongueVue Capital, a New Orleans-based private equity firm, has recapitalized Wagner Logistics and provided growth capital to support the 3PL's continued expansion. Wagner Logistics, headquartered in North Kansas City, Missouri, operates 24 facilities across 13 states with over 7 million square feet of warehouse space and 650+ employees, serving customers across industries including aerospace & defense, automotive and direct-to-consumer.

Canadian Pacific Railway Limited (CP) completed the acquisition of Kansas City Southern (KCS) in a transaction with an enterprise value of approximately USD $31 billion. KCS stockholders will receive 2.884 CP common shares and $90 in cash per KCS common share (and $37.50 for each preferred share); KCS shares were placed into a voting trust pending U.S. Surface Transportation Board approval to create Canadian Pacific Kansas City (CPKC), a single-line railroad linking the United States, Mexico and Canada.

Midwest Vision Partners, an MSO backed by The Firmament Group, has acquired Discover Vision Centers (DVC) of Kansas City, Missouri. The deal adds DVC's 32 providers across nine practice locations, three ambulatory surgical centers and two refractive centers to Midwest Vision Partners' platform, expanding its regional ophthalmology footprint and management services.

Stone-Goff Partners made a growth investment in Spotlight AR alongside the company's founding partners to support expansion of sales and marketing, continued development of its proprietary analyst relations platform, and potential acquisitions. Spotlight AR, founded in 2012 and headquartered in Kansas City, Missouri, serves more than 100 clients and has over 125 employees.

OpenVault, a Hoboken, New Jersey-based provider of broadband analytics and revenue-optimization solutions, has acquired VelociData, a St. Louis–area developer of streaming data and real-time analytics technology. The deal combines OpenVault's broadband SaaS and analytics footprint with VelociData's R&D and streaming-compute capabilities to accelerate closed-loop automation, expand market reach (including the United States and Latin America), and enhance product offerings for cable, fiber and wireless operators.

Revive Infrastructure Group, backed by Sileo Capital with support from Brightwood Capital, acquired the assets of Darrah Contracting, a Missouri-based utility contractor. The add-on expands Revive/Excel’s Missouri footprint by adding more than 25 employees, 50+ pieces of equipment, and additional master service agreement work to increase recurring revenue.

Seattle-based private equity firm Pike Street Capital announced a growth investment in Fair Market, Inc. (FMI), a family-run wholesale specialty food distributor headquartered in Wentzville, Missouri. As part of the partnership Pike Street is bringing industry executive Rich Friedlen in as CEO while founder Marvin Eisenbath remains significantly invested; the capital will be used to expand FMI’s addressable markets and product lines.

Rochester Gauges, LLC acquired the assets of Concept Technology (CTI), a St. Louis-based manufacturer of liquid level sensors for commercial refrigeration. The acquisition expands Rochester's product portfolio and footprint in the liquid level measurement segment and enables CTI's OEM customer base to leverage Rochester's broader manufacturing and engineering resources.

TFI International has acquired D&D Sexton, a family-owned refrigerated trucking company based in Carthage, Missouri. D&D operates more than 120 tractors and nearly 400 trailers, employs roughly 150 drivers plus ~40 non-driving staff, generates annualized revenue in excess of $25 million, and will join TFI’s CFI operating group to expand its temperature-controlled capacity and local/shuttle capabilities.

Boss Industries, a portfolio company of Wynnchurch Capital, acquired the commercial assets of HIPPO Multipower. The add-on acquisition expands Boss's mobile power product portfolio and broadens end-market coverage across utility, municipal and railroad customers.

BRP Group, Inc. (NASDAQ: BRP) has entered into an agreement to acquire substantially all assets of Brush Creek, LLC (doing business as Brush Creek Partners), a Kansas City–based provider of commercial insurance, technology risk management and due diligence solutions. The asset acquisition (bringing ~20 colleagues) is intended to deepen BRP Group’s Cyber & Technology and VC/PE/Construction industry expertise and expand its risk-management capabilities.

Crown Capital Investments (CCI) has acquired Climalock, a Warsaw, Missouri‑based designer and supplier of custom vertical and horizontal panel systems and tank insulation solutions. The deal was announced by Woodbridge International, which represented Climalock in the sale; CCI will provide capital and operational support to grow and optimize the business.

RoundTable Healthcare Partners’ portfolio company Healthcare Components Group (HCG) has acquired Endoscopy Development Company (EDC), a Maryland Heights, Missouri-based manufacturer of replacement and repair parts for flexible endoscopes. The add-on deal (financed with incremental senior debt and an incremental equity injection from RoundTable’s Equity Fund V) expands HCG’s endoscopy component portfolio and brings EDC’s ~100 employees and global distribution into the HCG platform.

Acosta has signed a definitive agreement to acquire Premium Retail Services, a provider of tech-enabled retail merchandising, in-store sales and training, and retail analytics. The acquisition expands Acosta's omnichannel capabilities and presence in consumer electronics and drug channels and adds more than 9,000 Premium employees to Acosta's workforce.

SiteOne Landscape Supply, Inc. (SITE) has acquired Semco Stone, LLC, a Midwest natural stone distributor with locations in Perryville (MO), Cincinnati (OH), Columbus (OH) and Kansas City (MO). The acquisition expands SiteOne's footprint and product offering in the Midwest natural/building stone and landscape supplies market.

Meeting-room technology provider RoomReady has acquired St. Louis–based commercial electronic systems integrator Wired Technologies, Inc. The deal (closed Nov. 12, 2021) brings Wired Technologies' technicians and more than 70 years of local integrator experience into RoomReady to expand its AV and meeting-room services in the Greater St. Louis area.

Ampersand Capital Partners has completed a majority recapitalization of Leinco Technologies, a specialty manufacturer of life-science reagents and custom development services based near St. Louis, Missouri. The growth equity investment will fund expanded manufacturing capacity, broaden scientific capabilities and product offerings, and support Leinco's commercial and geographic expansion while leadership including founder Pat Leinert Sr. remain involved.

eDynamic Learning, a provider of digital K-12 curriculum, has acquired Greenways Academy, a fully accredited online K-12 virtual school. The acquisition expands eDynamic Learning's virtual school offerings and enables the combined organization to reach more students and schools with personalized, career-focused and CTE-aligned online programs.

SRP Companies, a portfolio company of Aurora Capital Partners, has acquired Aerial Bouquets, Inc., a wholesale balloon, accessory and gift supplier serving the Southeastern United States. Skyway Capital Markets acted as exclusive investment banker to Aerial Bouquets in the add-on transaction, which will expand SRP's product assortment and retail distribution footprint.

QCR Holdings, Inc. agreed to acquire Guaranty Federal Bancshares, Inc. and merge Guaranty Bank into QCR’s Springfield First Community Bank charter, with the combined franchise operating under the Guaranty Bank name in Springfield and southwest Missouri. Consideration options include cash, QCR stock or a mix, and the transaction was valued at about $152 million based on QCR's Nov. 5, 2021 share price; closing was expected in early-mid 2022 subject to regulatory and shareholder approvals.

The Simplicity Group has acquired St. Louis-based Sinclair Financial Solutions, adding the holistic financial planning firm to its roster of partner distribution businesses. Owners Erin Sinclair and Donald Schneider will become partners with Simplicity and continue to serve clients under the Simplicity brand.

Chicago-based private equity firm Frontenac has acquired EFC International, a St. Louis-headquartered value-added distributor of highly engineered fasteners and specialty components. Financial terms were not disclosed; CEO Matt Dudenhoeffer and the executive team will remain in place as Frontenac supports EFC's organic and inorganic expansion plans following a sale by prior sponsor Quad-C Management.

Graybar has acquired Metro Electric Supply and Metro Lighting, a family-owned regional electrical and lighting distributor headquartered in St. Louis that operates 14 locations across the St. Louis region. The business will continue to operate under the Metro Electric Supply and Metro Lighting brands with the same employees and leadership; the seller was owner Bill Frisella/the Frisella family.

3D Corporate Solutions, an Olympus Partners portfolio company, has acquired Missouri-based LinkOne Marine Solutions, a manufacturer of dried, fresh, and frozen marine proteins for the premium pet food industry. The acquisition is an add-on to 3D's existing network of facilities and expands its portfolio and supply-chain capabilities for premium pet food ingredient customers.

HBM Holdings has acquired Control Devices, LLC, a Fenton, Missouri-based designer and manufacturer of engineered flow-control products. Control Devices was previously a portfolio company of Goldner Hawn; terms were not disclosed and Control Devices' existing management will remain in place as HBM pursues a buy-and-build growth strategy in industrial components.

Netrush, an eCommerce accelerator headquartered in Vancouver, Washington, has acquired Sellozo, an AI-driven Amazon PPC SaaS platform. The deal adds automated ad optimization and analytics capabilities to Netrush's ecommerce services to provide an integrated full-funnel platform for brands and sellers.

Brentwood Associates has made a significant growth-oriented investment in Service Management Group (SMG) to accelerate product innovation, expand the company's market presence, and support its software-with-a-service (SwaS) model. As part of the transaction SMG appointed Davin Cushman as CEO and founder Andy Fromm transitioned to a passive investor role.

Sonobi, an adtech marketplace and portfolio company of Cohere Capital, has acquired Amply, a Kansas City–based push-notification and first‑party data platform with a network of over 110 million subscribers. The deal brings Amply’s consumer‑direct push technology, audience data and content‑recommendation capabilities into Sonobi’s programmatic marketplace to improve identity resolution and publisher monetization.

Hillenbrand completed the divestiture of its TerraSource Global business, contributing the business to newly formed TerraSource Holdings, LLC. Affiliated companies of Right Lane Industries (RLI) obtained majority ownership and operational control while Hillenbrand received a five‑year note with initial principal of $25.6 million and retained an indirect 49% ownership interest in the new Holdings entity.

The Kennedy Group (Willoughby, Ohio) has acquired Color Label, Inc., a St. Louis-based supplier of pressure-sensitive labels serving agricultural and consumer product industries. The deal expands The Kennedy Group’s national footprint into the St. Louis market, shifts production to its Cleveland-area facility while retaining key St. Louis personnel to ensure continuity, and was advised by Graphic Arts Advisors (GAA).

3Cloud, a Microsoft Azure-focused services firm, acquired Polaris Solutions to expand its application modernization and DevOps capabilities and reinforce its position as the largest Azure pure-play services provider in the U.S. Polaris’ Azure development team will join 3Cloud’s Application Modernization & Development and DevOps practices; 3Cloud is PE-backed by Gryphon Investors, which completed a majority investment in 2020.

Daikin Applied, a division of Daikin Industries, has acquired Dynamic Controls, Inc., a St. Louis–based building systems integrator with offices across the Midwest and Rocky Mountains. The acquisition adds building-integration and controls expertise to Daikin Applied's commercial and industrial HVAC offerings to enable more connected, energy-efficient and sustainable building solutions.

St. Croix Hospice (Oakdale, Minnesota) acquired three Missouri-based businesses formerly owned by LifeCare Collective: HomeCare of Mid Missouri, Nurses & Company and Transitions Hospice, adding four branch locations in Bolivar, Moberly, Nixa and St. Peters and expanding St. Croix’s Missouri footprint to six offices. The deal was facilitated by Agenda Health and legal counsel Waller; the acquisition continues St. Croix’s regional expansion of hospice and home-based care services.

Capital For Business, Inc. (CFB) completed an investment in Advanced Industries, LLC, a Missouri-based manufacturer and Department of Defense contractor. CFB provided subordinated debt and equity alongside Konza Valley Capital, Inc. and the Advanced Industries management team to support the company’s manufacturing capabilities and growth.

Barrette Outdoor Living, a leading North American manufacturer of outdoor living products, acquired Madden Manufacturing of Lake Ozark, Missouri, a maker of railing products and screen enclosures. The deal expands Barrette's product portfolio and improves shipping and service capabilities to contractors and do-it-yourself homeowners across the country.

Particle Dynamics, a U.S.-based specialist in particle processing and finished-dose manufacturing for pharmaceutical, OTC and nutraceutical customers, was sold by Edgewater Capital Partners to a new investor group led by BroadOak Capital Partners with Research Corporation Technologies and Farragut Capital Partners. The transaction (announced September 29, 2021) creates a new ownership group that aims to accelerate the company’s growth and expand its capabilities at its U.S. GMP, FDA-inspected facilities.

Crestview Aerospace, a portfolio company of American Industrial Partners, has acquired Kemco Aerospace Manufacturing, a St. Louis-based precision machining and aerospace components manufacturer. KAL Capital Markets acted as sell-side advisor to Kemco in the transaction, which adds machining capacity and defense/aerospace manufacturing capabilities to the Crestview platform.

NovaBay Pharmaceuticals, Inc. has entered into a definitive agreement to acquire DERMAdoctor, LLC for $15.0 million ( $12.0 million cash at closing plus up to $3.0 million in earnouts). The deal brings DERMAdoctor's ~30-product skincare portfolio and its 13-person team (co-founders Audrey and Jeff Kunin to remain) into NovaBay's commercial platform to expand its presence in the U.S. beauty market and capture revenue and operating synergies.