Acquisitions in South Dakota in 2020

Fortune Brands Home & Security, Inc. agreed to acquire LARSON Manufacturing for approximately $660 million, adding the North American storm, screen and security door leader to its newly renamed Outdoors & Security segment. LARSON, headquartered in Brookings, South Dakota, with roughly $390 million in revenue and about 1,200 employees, expands Fortune Brands' outdoor living and door product portfolio and is expected to be immediately accretive to earnings.

GI Partners, in partnership with industry veteran Rich Fish, has signed an agreement to acquire Vast Broadband, a Sioux Falls-based provider of gigabit broadband, video and phone services. Vast, currently owned by Pamlico Capital and Oak Hill Capital and serving over 60,000 residential and business customers across South Dakota and Minnesota, will be led by Rich Fish as incoming CEO with GI Partners investing from its Data Infrastructure Fund; the transaction remains subject to customary closing conditions and regulatory approvals.

Numotion, a national provider of Complex Rehab Technology (CRT), acquired Northland Rehab Supply and expanded into Sioux Falls, South Dakota. The founder of Northland, Bill Donat, will join Numotion as part of the integration, supporting the company's broader Midwest expansion.

One Equity Partners (OEP) completed the acquisition of Spartronics, the Manufacturing & Design Services (MDS) business formerly of Sparton Corporation, creating a standalone electronics manufacturing services (EMS) platform. Headquartered in Watertown, South Dakota, Spartronics operates nine U.S. sites and one facility in Vietnam providing engineering, contract design, PCB/assembly and cable/harness manufacturing to aerospace, medical and industrial OEMs; financial terms were not disclosed.

MobilityWorks has acquired IMED Mobility, adding seven locations and expanding MobilityWorks' footprint into Arkansas, Iowa, Nebraska, Minnesota, South Dakota and strengthening its presence in Wisconsin. The deal increases MobilityWorks' network to 92 locations across 31 states and adds IMED's sales, rental and adaptive equipment capabilities to its service offering.