Acquisitions in New York in 2016

Spanish engineering and multi-technology services group DOMINION has acquired Williamsville, New York–headquartered International Chimney Corporation (ICC) for $15 million. The purchase strengthens DOMINION's U.S. industrial services footprint and complements its existing portfolio of complex solutions and recent U.S. deals, adding a recurring revenue business (estimated $35–40M annual turnover).

Ziff Davis, the digital media division of j2 Global, Inc., agreed to acquire Everyday Health, Inc. for $10.50 per share in cash in a transaction valuing Everyday Health at approximately $465 million. The deal—approved unanimously by Everyday Health's board and following a strategic alternatives review—provides immediate cash value to Everyday Health shareholders and expands Ziff Davis's footprint in digital health media and marketing solutions.

H.I.G. Capital (through an affiliate) has acquired CABLExpress Corporation d/b/a CXtec and TERACAI Corporation, both headquartered in Syracuse, New York. The acquisitions combine CXtec’s refurbished networking hardware, data center cabling manufacturing and aftermarket maintenance capabilities with TERACAI’s systems-integration and IT infrastructure services to accelerate product and service expansion and growth.

Valentus Specialty Chemicals Inc., a holding company owned by Huron Capital, completed its acquisition of Absolute Coatings Inc., the wood floor finishes business of Paint-Over-Rust Products. The deal adds the ABSCO, Last-n-Last and TREK-Plus brands to the Valentus platform and expands the group's distribution footprint in the Northeast and Mid-Atlantic; David Sherman, CEO of Paint-Over-Rust, will join Valentus' board.

The Colibri Group has closed an investment in Securities Training Corporation (STC), the market leader in securities exam and regulatory training. STC will remain led by CEO Paul Weisman and its existing management team; Colibri — a Redwood City, California-based learning solutions provider backed by Quad‑C Management — plans to leverage its technology and product capabilities to expand STC's offerings.

Confie, a national insurance distribution company and portfolio company of ABRY Partners, acquired two New York-based brokerages — Lloyd D. Sprague & Son (Sprague Insurance) in Corning, NY and J.N. Mason Agency with locations in Hancock and Monticello, NY. The deals add local personal-lines and small commercial insurance operations (12 employees at Sprague; 8 at J.N. Mason) to Confie's platform as part of its ongoing roll-up strategy.

Sharps Compliance Corporation (NASDAQ: SMED) acquired Citiwaste, LLC, a Brooklyn-based route-based provider of medical, pharmaceutical and hazardous waste services that serves over 5,500 customer locations across New York, New Jersey, Connecticut and Massachusetts. The deal consideration was $7.0 million in cash plus 456,760 shares of Sharps stock (total ~$9.0 million) and expands Sharps' Northeast route footprint, customer base and ability to leverage its regional treatment facility.

MTS Systems Corporation has completed the acquisition of 100% of PCB Group, Inc. for $580 million. PCB, a Depew, New York–based manufacturer of piezoelectric sensors and transducers with ~1,168 employees, expands MTS's sensors portfolio and creates cross-selling and margin-improvement opportunities across MTS's Test and Sensors segments.

Valero Capital Partners has acquired Vacuum Instruments Corporation (VIC), a Ronkonkoma, New York–based manufacturer of tracer-gas and air leak detection products, systems and services. The deal coincides with the announced retirements of long-time leaders Fritz Ewing and John Schreiner; Valero-appointed management (including CEO Jeff Plante) will lead the company as Vacuum Instruments Corporation, LLC to continue manufacturing and expand offerings.

Marsh & McLennan Agency LLC (MMA) has acquired Corporate Consulting Services, Ltd. (CCS), a New York-based insurance brokerage and human resources consulting firm. CCS's 20 employees and $6 million in annual revenue will join MMA's Northeast region to bolster MMA's employee benefits capabilities.

Wafra Partners LLC and co-investors Patrick Clifford and James “Hal” Higby acquired Interactivation Health Networks, LLC, d/b/a The Wellness Network from entrepreneurs Joe Covey and Matthew Davidge. The Wellness Network operates the largest multi-platform in-hospital patient education network (including The Newborn Channel and The Patient Channel) with relationships at over 2,300 hospitals; Wafra said the deal is part of a planned build-up in the patient education and engagement industry.

Pactera Technology International Ltd. has acquired New York–based digital agency Blue Fountain Media to expand its digital services and complement its technology offerings. The deal brings Blue Fountain Media's team of over 200 digital strategists, designers and developers into Pactera's global delivery network; financial terms were not disclosed.