Acquisitions in Texas in 2012

Synalloy Corporation (SYNL) completed the acquisition of Lee-Var, Inc., dba Palmer of Texas, a manufacturer of fiberglass (FRP) and steel storage tanks serving the oil industry. The purchase, closed August 21, 2012, was financed via an increased bank credit facility and a $22.5 million ten-year term loan; Palmer operates a primary facility in Andrews, Texas, had 137 employees and generated approximately $32 million in trailing twelve-month revenue.

Denver-based Kodiak Building Partners has acquired substantially all the assets of Gulf & Basco, Inc., a specialty distributor of building products based in Houston, Texas. Kodiak said it plans to grow the Houston business and expand its presence in the Texas market using the base established by Gulf & Basco's management team.

Perficient, Inc. acquired Nascent Systems LP, an Oracle E-Business Suite-focused consulting firm, in a transaction valued at approximately $18.1 million (including cash and Perficient stock). The deal adds roughly $17 million in annual services revenue and more than 70 consulting and support professionals, expanding Perficient's Oracle ERP capabilities and footprint in the Texas/Oklahoma/Louisiana/Arkansas (TOLA) markets.