Acquisitions in Oklahoma in 2019

Convergint Technologies, a Schaumburg, Illinois-based global systems integrator, has acquired Pendergraph Systems, a Tulsa-based fire, life safety and security systems integrator. The transaction adds Pendergraph’s ~32 employees and regional customer relationships across Oklahoma to Convergint’s North American platform as an add-on acquisition to expand its presence in the state.

Rogers, Arkansas-based TeleComp Holdings, Inc. acquired Cushing, Oklahoma-based Beasley Technology, Inc., completing the transaction on November 14, 2019. The acquisition expands TeleComp's engineering, installation and NOC capabilities, roughly doubles its headcount to 100+ employees and strengthens its cloud telephone and managed IT service offerings.

A-1 National Fire Co., a subsidiary of Summit Companies, has acquired Mac Systems, Inc., a fire and life safety services provider operating in Oklahoma City and Tulsa, Oklahoma. The transaction is an add-on acquisition to expand Summit/A-1 National Fire's geographic footprint in the Southern and Southwestern United States under the ownership of CI Capital Partners.

Denver-based ERP consulting and software firm Njevity, Inc. has acquired Advanced Integrators, a Microsoft Dynamics GP consulting group based in Oklahoma City. The deal brings Advanced Integrators' staff (including former owner Windi Epperson) into Njevity to expand Dynamics GP implementation, support and hosted PowerGP Online capabilities for SMB customers.

The Toro Company completed its acquisition of privately held The Charles Machine Works, the parent company of Ditch Witch and other underground-construction brands. The deal was valued at approximately $700 million, financed with new debt and borrowings under Toro's credit facility; Toro expects about $30 million of synergies over three years and that the transaction is immediately accretive to EPS (excluding certain adjustments).

Wellspring Capital Management has acquired Paragon Films, a Broken Arrow, Oklahoma-based manufacturer of high-performance stretch film, from Wind Point Partners. Financial terms were not disclosed; Wellspring said it will support Paragon's growth through internal initiatives and selective acquisitions while partnering with the existing management team.

Summit Harbor Holdings, a wholly‑owned subsidiary of Limitless Venture Group (LVGI), has acquired a majority ownership stake in Emergent Design‑Build Solutions, LLC, an architectural and construction firm focused on cannabis and hemp facilities. The existing ownership team will remain in day‑to‑day control; the deal is the first of multiple industry‑support acquisitions targeted by Summit Harbor to build out services for the cannabis/hemp market.

LLR Partners completed a growth recapitalization of CareATC, a Tulsa-based provider of employer-sponsored primary care clinics and population health management technology. The investment will support expansion of CareATC's clinic network and further development of its proprietary population health technology platform.

The Carlyle Group agreed to make an equity investment (via Carlyle Strategic Partners IV L.P.) in The NORDAM Group to fund NORDAM's exit from Chapter 11, de-lever its balance sheet and position the company for growth. The Siegfried family will retain ownership and continue to lead NORDAM, which provides aerospace manufacturing and MRO services across commercial, business and military aviation markets.

Gauge Capital has made a strategic investment to recapitalize TVC Enterprises, a market-leading provider of legal and value-added services to commercial truck drivers. The investment will support TVC's plans to accelerate market penetration and expand its service offerings; Gauge partners Tom McKelvey, James Jackson and Reid Barnett have joined TVC's board.