Acquisitions in Rhode Island in 2014
Showing 2 transactions.
-
October 15, 2014
- Buyer
- Cerca Group LLC, Main Street Capital Corporation, CAI management team
- Target
- Computer Associates, Inc. (CAI)
- Industry
- Software
- Location
- Rhode Island, United States
- Type
- Recapitalization
Cerca Group led a recapitalization of Computer Associates, Inc. (CAI), an ERP software provider serving food, lumber/building materials, precious metals refining, and jewelry manufacturing industries. The investment group included CAI's management team and Main Street Capital Corporation; CAI's founder James H. McCooey remains CEO and a board member, and financial terms were not disclosed.
-
September 30, 2014
- Buyer
- Quartet Merger Corp.
- Target
- Pangaea Logistics Solutions Ltd.
- Industry
- Logistics & Distribution
- Location
- Rhode Island, United States
- Type
- Buyout
Quartet Merger Corp. announced that its stockholders approved a business combination with Pangaea Logistics Solutions Ltd., a provider of maritime logistics and dry bulk transportation services. The transaction will combine Pangaea's shipping, vessel chartering and voyage planning capabilities with Quartet's blank-check vehicle to provide Pangaea access to public markets and liquidity for shareholders.
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