InMobi acquires AerServ for $90 mln

InMobi said it acquired AerServ for $90 million in cash and stock. The India-based company backed by SoftBank, Kleiner Perkins Caufield & Byers and Sherpalo Ventures said the addition of Los Angeles-based AerServ will strengthen its position in the mobile video advertising industry.  

PE-backed Winchester Interconnect acquires C&M

Winchester Interconnect, a portfolio company of Snow Phipps Group, has acquired Dayville, Connecticut-based C&M Corporation, a maker of wire, cable and coil cords. No financial terms were disclosed. C&M was backed by the Watermill Group. Sperry Mitchell & Company advised C&M on the deal. PRESS RELEASE New York, NY (January 10, 2018) – C&M Corporation of Dayville, CT, a portfolio company of the Watermill Group of Lexington, MA, has been acquired by Winchester Interconnect of Norwalk, CT, a portfolio company of the Snow Phipps Group of New York, NY. Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to C&M. C&M Corporation (www.cmcorporation.com) is a leading designer and manufacturer of wire & cable and coil cords for performance-critical applications. The company serves blue-chip customers across a variety of growing markets, including industrial automation, medical and military. Watermill
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Audax-backed Techniks Industries buys Eide Saw

Techniks Industries, a portfolio company of Audax Private Equity, has acquired Minneapolis-based Eide Saw, a reseller of and service provider for carbide tipped saw blades and band saws primarily used for cutting wood and non-ferrous metals. No financial terms were disclosed. PRESS RELEASE Techniks Industries, a portfolio company of Audax Private Equity, acquires Eide Saw THE COMPANY
Eide Saw is a reseller of and service provider for carbide tipped saw blades and band saws primarily used for cutting wood and non-ferrous metals, headquartered in Minneapolis, MN. THE DEAL
Techniks Industries (“Techniks”), a portfolio company of Audax Private Equity (“Audax”), acquired Eide Saw from a private owner. Eide Saw is Techniks’ eighth acquisition under Audax ownership. THE THESIS
Audax acquired Techniks in September 2015 as a leading provider of cutting tool solutions and services for the woodworking and general industrial markets. The company’s acquisition strategy is to broaden its product
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Vidaris acquires PE-backed C2G

Vidaris Inc has acquired Aliso Viejo, California-based C2G International, a provider of claims, dispute, litigation and project advisory services for the construction industry. No financial terms were disclosed. SLATE Partners advised C2G on the transaction. C2G was backed by True West Capital Partners. PRESS RELEASE DENVER – SLATE Partners (SLATE) announced that its Principals advised C2G International, LLC (C2G), a portfolio company of True West Capital Partners, on its sale to a Vidaris, Inc. affiliate, IBA Holdings, LLC, a New York-based engineering and consulting services firm owned by Cortec Group. Founded in 2004 and headquartered in Aliso Viejo, California, C2G has grown to be a premier consulting firm that provides claims, dispute & litigation and project advisory services to the construction industry worldwide. The Company’s veteran management team has worked at several of the most well-known consultancies in the industry, creating an institution with high-touch processes and quality work
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Germany’s Oetinger Aluminium sold to Czech Metal Trade group: Reuters

German aluminum producer Oetinger Aluminium has been sold to the Czech Republic-based Metal Trade Comax Group for an undisclosed sum, Oetinger said on Tuesday. Oetinger had said in July 2017 its owner, the private equity investor Special Situations Venture Partners III, was seeking a buyer for the company. Oetinger produces about 190,000 tonnes of recycled aluminum casting alloy annually from two plants in Weissenhorn and Neu-Ulm in southern Germany. Its customers are mainly in the automotive industry. Metal Trade Comax is based in Velvary near Prague and produces about 200,000 tonnes of steel and aluminum products annually. It also has an aluminum recycling business producing about 30,000 tonnes annually which will be merged with Oetinger.

GI Partners-backed KBS buys Rhode Island exterior facility services company

Kellermeyer Bergensons Services LLC, which is backed by GI Partners, has acquired Rhode Island-based East Coast Lot and Pavement Maintenance/National Maintenance Systems, an exterior facility services company. No financial terms were disclosed. PRESS RELEASE OCEANSIDE, CALIF., Jan. 10, 2018 – Kellermeyer Bergensons Services, LLC (KBS), the largest provider of technology-enabled, integrated interior and exterior property services to multi-region and multi-site customers in North America, today announced the acquisition of East Coast Lot and Pavement Maintenance (East Coast)/National Maintenance Systems (NMS), an independently-owned exterior facility services company headquartered in Rhode Island. The transaction closed on Jan. 5, 2018. Mark Minasian, Chief Executive Officer and Co-founder of KBS stated, “We are very excited about the acquisition of East Coast/NMS. They are a leader in snow and ice management, landscaping and parking lot maintenance services primarily in the Northeast and Midwest regions. This expansion by KBS into complementary exterior
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Fulcrum-based Five Points merges with Millenium Home Health Care

Five Points Healthcare, a portfolio company of Fulcrum Equity Partners has merged with Broomall, Pennsylvania-based Millenium Home Health Care, a home health provider. No financial terms were disclosed. The combined company will operate under Five Points Healthcare LLC. PRESS RELEASE (PRWEB) JANUARY 10, 2018
Five Points Healthcare announced that it has merged with Millenium Home Health Care effective January 1, 2018. Millenium is a Medicare-certified home health provider based in Broomall, PA with additional locations in West Pittston, PA and Milford, DE. Millenium serves the greater Philadelphia market, northeast Pennsylvania and the state of Delaware. The combined company will operate under Five Points Healthcare, LLC. Anthony Angelo, President and CEO of Millenium, will assume the role of President, Millenium Home Health and Rob Radics will remain the CEO of Five Points Healthcare. Commenting on the transaction, Rob Radics stated, “We are extremely excited about the opportunity to work
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PE-backed Congruex buys CHC Consulting

Congruex, which is backed by Crestview Partners, has acquired CHC Consulting, an engineering consulting firm focused on the telecommunications sector. No financial terms were disclosed. PRESS RELEASE BOULDER, Colo., Jan. 10, 2018 /PRNewswire/ — Congruex, an end-to-end provider of design, engineering, construction management and maintenance services to broadband service providers, today announced the acquisition of CHC Consulting, LLC (“CHC”). CHC is a full-service engineering consulting firm serving blue chip clients across the telecommunications industry, with particularly strong expertise in outside plant (OSP) engineering services. Financial terms of the transaction were not disclosed. Founded in 2003, CHC provides comprehensive, turn-key professional services in the areas of design, project management, process development, and staffing to a range of marquee telecommunications clients. CHC expertly manages projects from inception through implementation, providing frictionless solutions while maintaining deep and collaborative ties to its customers. Congruex’s acquisition of CHC follows its recent
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Accenture to buy Mackevision

Accenture said Jan. 10 that it agreed to buy Mackevision. Financial terms weren’t announced. Mackevision, of Stuttgart, Germany, is a 3D visualization company. Gimv, a Dutch private equity firm, acquired a majority of Mackevision in 2014. PRESS RELEASE STUTTGART, Germany–(BUSINESS WIRE)–Accenture (NYSE:ACN) has entered into an agreement to acquire Germany-based Mackevision, a leading global producer of 3D-enabled and immersive product content. The acquisition will add state-of-the-art visualization capabilities to Accenture Interactive’s digital services portfolio – strengthening its ability to create compelling, next-generation customer experiences and industrial, extended reality applications. The acquisition is subject to customary closing conditions. Financial terms of the transaction are not being disclosed.
Mackevision’s creation, visualization and production services are used for online product configurators, digital and print catalogues, virtual showrooms, point-of-sale kiosks, augmented and virtual reality experiences, as well as broadcast video and feature films. Mackevision has developed a differentiated ability to leverage engineering data to construct
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Allscripts to buy VC-backed Practice Fusion for $100 mln

Allscripts has agreed to acquire San Francisco-based Practice Fusion, a electronic health record provider for doctors and patients for $100 million. According to Crunchbase, Practice Fusion’s backers included Industry Ventures, Artis Ventures, Longitude Capital, OrbiMed, Kleiner Perkins Caufield & Byers and Qualcomm Ventures. PRESS RELEASE CHICAGO, Jan. 08, 2018 (GLOBE NEWSWIRE) — Allscripts (NASDAQ:MDRX), a global leader in healthcare technology, today announced a definitive agreement to acquire Practice Fusion, for $100 million in cash, subject to adjustment for working capital and net debt. Practice Fusion is a Silicon Valley pioneer in partnering with top-tier life sciences organizations to drive innovation. In combination with Allscripts existing payer and life sciences business, Allscripts expects to expand its big data insights and analytics, data sharing technologies, and clinical trial solutions to enable life sciences organizations to accelerate bringing life-changing therapies to market. Practice Fusion offers an affordable certified cloud-based EHR for traditionally
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Harvest to sell FCX to Applied Industrial Technologies

Harvest Partners has agreed to sell FCX Performance Inc to Applied Industrial Technologies. No financial terms were disclosed. Robert W. Baird & Co. and Stephens Inc. provided financial advice to FCX on the deal. Columbus, Ohio-based FCX Performance is a provider of process flow control solutions. PRESS RELEASE Harvest Partners, LP (“Harvest”), a New York-based private equity firm, announced today that it has reached a definitive agreement to sell FCX Performance, Inc. (“FCX Performance”, “FCX” or the “Company”) to Applied Industrial Technologies (NYSE: AIT) (“Applied Industrial Technologies” or “AIT”), a leading value-added industrial distributor of bearings, power transmission products, fluid power components and other industrial supplies. The sale is expected to close within 30 days. After the closing, Tom Cox, FCX’s Chief Executive Officer, and the rest of the management team will continue to lead the business and the Company will remain headquartered in Columbus, Ohio. FCX Performance is a
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PE-backed BayMark merges with HCRC

BayMark Health Services, a provider of opioid treatment centers, has merged with Healthcare Resource Centers, a outpatient services provider that specializes in treating opioid dependency. No financial terms were disclosed. BayMark is backed by Webster Capital. PRESS RELEASE Lewisville, Texas (January 2, 2018) – BayMark Health Services, a portfolio company of Webster Capital and national provider of opioid treatment services, announced today that it has merged with Healthcare Resource Centers (HCRC), a leading independent OTP provider in the Northeastern U.S. with 15 facilities that serves over 6,500 patients a day. BayMark CEO, Dave White, remarked, “The professionals at Healthcare Resource Centers have a reputation of delivering exceptional patient care and that drew us to this opportunity.” Webster Co-Managing Partner, David Malm, said, “With the state of opioid abuse in the United States, BayMark is focused on providing care throughout the country, and the Northeast is one
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VC-backed Radiology Partners buys RIMA

Radiology Partners has acquired Southern California-based Renaissance Imaging Medical Associates Inc, a radiology practice and provider of specialized diagnostic imaging services delivered in hospitals and outpatient imaging centers. No financial terms were disclosed. Radiology Partners was backed by New Enterprise Associates and Future Fund. Cain Brothers served as financial adviser to RIMA on the transaction. PRESS RELEASE January 8, 2018 Renaissance Imaging Medical Associates, Inc. (“RIMA”), a rapidly growing 99-physician practice in California has partnered with Radiology Partners, Inc. (“RP”), a portfolio company of New Enterprise Associates and Future Fund. Cain Brothers served as financial advisor to RIMA in connection with the transaction. Based in Southern California, RIMA is a top-10 radiology practice in the U.S. and provides comprehensive specialized diagnostic imaging services delivered in hospitals and outpatient imaging centers. Using a unique organizational structure, RIMA provides high quality care to patients through an extraordinary team of highly sub-specialized
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PE-backed Great Lakes MSO acquires Shoreline Vision

Grand Lakes Management Services Organization, which is backed by Sterling Partners, has acquired Michigan-based Shoreline Vision, a eye care group practice. No financial terms were disclosed. PRESS RELEASE GRAND RAPIDS, MICH. (PRWEB) JANUARY 09, 2018 Shoreline Vision, an eye care group practice with deep community roots in the West Michigan Lakeshore Region, has partnered with Great Lakes Management Services Organization (MSO). Shoreline Vision began in 1996 when five ophthalmologists decided to form an alliance to provide residents in their communities the best possible vision care available; since then, the group has grown to more than 150 staff at seven locations. “Every decision Shoreline Vision makes is dependent on improving our patients’ care, whether it is investing in the latest technology, adding sub-specialty physicians, or improving our facilities. Our latest decision to partner with Great Lakes MSO and the vast resources they can provide is consistent with that
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PE-backed Dyehard Fan Supply acquires SEE Merchandising

Dyehard Fan Supply, which is backed by Teall Capital, has acquired the assets and business of New York-based Sports Entertainment Events Merchandising, a producer and seller of souvenir merchandise for live event, sports, and entertainment properties. No financial terms were disclosed. PRESS RELEASE WINSTON-SALEM, N.C., Jan. 8, 2018 /PRNewswire/ — Dyehard Fan Supply, an event and retail merchandise experience and e-commerce company formed and managed by Teall Capital, has acquired the assets and business of New York-based Sports Entertainment Events Merchandising (SEE Merchandising). The purchase of SEE Merchandising’s business marks Teall Capital’s second acquisition in recent weeks as part of the formation of Dyehard. Teall Capital, a private equity company based in Winston-Salem, NC; Atlanta, GA; and San Francisco, CA, created Dyehard Fan Supply in late 2017 with Team Retail Solutions as its first acquisition. With the acquisitions of Team Retail Solutions, SEE Merchandising and
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Pritzker-backed ProAmpac buys Bonita

ProAmpac, a portfolio company of Pritzker Group Private Capital, has acquired Oregon-based Bonita Packaging Products, a provider of paper packaging products. No financial terms were disclosed. PRESS RELEASE CINCINNATI–(BUSINESS WIRE)–ProAmpac, one of the nation’s largest and fastest-growing flexible packaging manufacturers, today announced the acquisition of Oregon-based Bonita Pioneer Packaging Products (Bonita). Specializing in paper packaging products including custom and stock shopping bags, merchandise bags, foodservice packaging, and folding cartons, Bonita product complements ProAmpac’s existing flexible packaging offerings. Financial terms of the deal were not disclosed. “The acquisition of Bonita expands ProAmpac’s paper packaging manufacturing footprint in the Western and Southeastern U.S., creating more value and optimizing services for our customers,” said ProAmpac CEO Greg Tucker. Cincinnati-based ProAmpac, one of the top 10 flexible packaging converters in the United States, is owned by Pritzker Group Private Capital along with management and co-investors. With the addition of Bonita, ProAmpac
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Gryphon Investors’ Dessert Holdings buys Atlanta Cheesecake Company

Gryphon Investors-backed Dessert Holdings has acquired Georgia-based Atlanta Cheesecake Company, a maker of frozen cheesecakes for in-store bakeries and frozen food sections at prominent grocery and club food stores in North America. No financial terms were disclosed. PRESS RELEASE ST. PAUL, Minn., VANCOUVER, British Columbia & LONDON, Ontario–(BUSINESS WIRE)–Dessert Holdings, headquartered in St. Paul, MN, today announced that it has acquired Atlanta Cheesecake Company (“ACC”, “the Company”). Dessert Holdings is the holding company formed by private equity firm Gryphon Investors to house its premium dessert brands platform. Atlanta Cheesecake Company, founded in 1988, is based in Kennesaw, GA. ACC is a respected manufacturer of high-end frozen cheesecakes for in-store bakeries and frozen food sections at prominent grocery and club food stores in North America. Terms of the transaction were not disclosed. Dessert Holdings plans to operate ACC alongside The Original Cakerie, which Gryphon acquired in December 2015,
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NEC is buying NPS from Cinven

NEC Corp is acquiring UK-based IT services company Northgate Public Services Limited from Cinven. The price of the transaction was 475 million pounds. The deal is expected to close the end of January 2018. PRESS RELEASE TOKYO–(BUSINESS WIRE)–NEC Corporation (NEC; TOKYO:6701) today announced the acquisition of UK-based IT services company Northgate Public Services Limited (NPS), accelerating the expansion of its international safety business. NEC is buying NPS for GBP 475 million from leading international private equity firm Cinven. This acquisition is expected to be completed by the end of January 2018. Established in 1969, Northgate Public Services develops software and services for the public sector, mainly in the UK, and employs approximately 1,400 software engineers throughout the UK and India. NPS works closely with the British police and government organizations to deploy its business platform across a broad client base that includes local police forces, tax collection offices, social security
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Agero buys VC-backed SwoopMe

Agero Inc has acquired San Francisco-based SwoopMe Inc, a provider of web-based dispatch solutions for roadside assistance providers. No financial terms were disclosed. Swoop was backed by Founder Collective, Slow Ventures, SV Angel and Entree Capital. PRESS RELEASE MEDFORD, MASS. and SAN FRANCISCO, CALIF. – January 9, 2018 – Agero, Inc., a market leader in software enabled driver assistance services to automotive manufacturers and insurance providers in North America, today announced its acquisition of San Francisco-based SwoopMe, Inc. (Swoop), a provider of web-based dispatch solutions for roadside assistance providers. Swoop has been heralded in the automotive community for its intuitive, end-to-end dispatch management platform which helps service providers optimize operational efficiencies, and its transparent mobile service updates to consumers which strengthens brand loyalty. “We are excited to bolster our service provider relationships by joining forces with the Swoop team, as we believe they’ve created the industry’s most
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