Transaction Announcements – Category Posts from The Forbes M+A Group. Research via our Knowledge Base and get access to M&A articles, news, and other info.

The Forbes M+A Group Represents Industrial Distributor in Sale to Private Investors

Greenwood Village, CO, United States (December 16, 2014) – The Forbes M+A Group is pleased to announce the successful acquisition of its client, a prominent distributor of industrial products for the Rocky Mountain region, by a group of private investors. Forbes M+A served as the exclusive financial advisor to the seller.

The seller is a well-known distributor of high-end products used in the manufacturing of industrial products. With a strong reputation for providing knowledgeable product advice in addition to high quality products, the company generated interest from multiple investors. Tom Schmidt, managing director for Forbes M+A and one of the lead advisors on the sell-side of the transaction, said “Founded in 1955, our client had a rich history of selling high-end products to manufacturers. Manufacturers across the region valued their opinions. Buyers that cared about quality, chose to purchase their products.”

Bob Forbes, President of The Forbes M+A Group, stated “This industrial distributor had high quality owners and a great customer-centric culture. We were pleased to help position the company in a way that attracted a selection of potential buyers, which then allowed the executive team to find investors with a similar customer focus.”

Terms of the transaction were not disclosed.

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The Forbes M+A Group Advises EKS&H on Buy Side of Infolink Consulting Acquisition

Greenwood Village, CO  – The Forbes M+A Group, a leading financial and transaction advisor, announced that EKS&H has successfully acquired Infolink Consulting. Forbes M+A senior advisors, Adams Price and Bob Forbes, served as the exclusive transaction advisors to EKS&H. “EKS&H has a stellar reputation in the marketplace and a clear vision for enhancing its service offerings,” said Adams Price, Managing Director at Forbes M+A. “We are very pleased to have helped the organization achieve this important strategic objective and enhance its already extensive, high-quality consulting solutions.”

As a client of Forbes M+A, EKS&H was looking for highly experienced advisors with extensive knowledge of both the consulting services industry and the business technology market. “When it came time to add to our business intelligence and data integration service offerings, we knew finding the right opportunity would require a strategic and exhaustive search. Fortunately, we had Forbes M+A on our side,” said Bob Hottman, CEO of EKS&H. “Working with two very experienced dealmakers brought tremendous thought leadership to the process. Bob and Adams worked closely with our partners to first clarify the objectives and define the criteria for the acquisition. Forbes M+A then engaged the market for suitable candidates, and helped us carefully evaluate each potential company. The end result was an acquisition that is the absolute right match for our company and our clients.”

EKS&H is a Colorado-based public accounting firm providing audit, tax and consulting services to clients. With the acquisition of Infolink, EKS&H will offer clients an expanded suite of services including business intelligence, performance management, data integration and software training. These solutions will complement the existing offerings of EKS&H’s Business Technology Services Group.

“Working with EKS&H to develop an acquisition strategy and then conduct a far-reaching search to locate the right company was extremely rewarding,” said Bob Forbes, President of The Forbes M+A Group. “EKS&H has a leading market position, high growth, strong culture and high integrity. These characteristics make it a desirable organization to join, which contributed to our ability to attract, and ultimately complete the acquisition of an esteemed organization like Infolink Consulting. We could not be more pleased with the result.”

About The Forbes M+A Group

Forbes M+A is a leading transaction advisor to private companies. The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition. The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital. For more information, call 303-256-6768 or go to www.ForbesMA.com.

Energy Central Sells TransmissionHub and GenerationHub to PennWell Corporation

Forbes Mergers & Acquisitions, a leading financial and transaction advisor, announced that Energy Central’s TransmissionHub and GenerationHub information services have been successfully acquired by PennWell Corporation. Forbes M&A senior advisors, Adams Price and Bob Forbes, served as the exclusive financial counsel to Energy Central for this transaction. “Energy Central has a strong reputation for providing reliable and trusted information to the global power industry,” said Adams Price, Managing Director at Forbes M&A. “When it came time to diversify some of the company’s assets, we were pleased to work closely with the management team to help facilitate a smooth selling process.”

Energy Central helps electric power professionals stay connected to happenings within the global power industry through a variety of information products including news, directories, events, databases, books, periodicals and reports. Two of the company’s products, TransmissionHub.com and GenerationHub.com, are interactive, online information services, which offer customers access to in-depth industry intelligence, up-to-date information and future insights.

As a client of Forbes M&A, Energy Central was looking for assistance from senior level transaction advisors with deep knowledge of the digital publishing space. “When it came time to sell TransmissionHub and GenerationHub, I knew we needed help navigating the complex transaction process. Fortunately, we found Forbes M&A,” said Steve Drazga, chief executive officer and owner of Energy Central. “Bob and Adams were instrumental in managing the entire selling process for us. With their assistance, we successfully closed a deal that was in the best interest of all parties.”

PennWell Corporation is a diversified global media and information company focused on helping business executives make informed decisions. The acquisition of TransmissionHub.com and GenerationHub.com adds new offerings to PennWell’s growing information and mapping business for the electric power industry.  “Based on our knowledge of the industry, we were able to help both parties understand that the synergies between PennWell and the two information services made this a smart business deal,” said Bob Forbes. “All Forbes M&A clients receive senior level expertise, which allows us to make the merger and acquisition process efficient and effective for great companies like Energy Central.”

About Energy Central

Energy Central is a 17-year old media, publishing and knowledge services company serving the global power industry. Throughout its history, Energy Central has created and delivered industry-defining products, focused primarily on the North American power industry. Those product lines include Energy Central, reaching global power industry professionals; EnergyBiz, focused on power industry executives; Intelligent Utility, reaching smart grid professionals; and Utility Analytics Institute, reaching power industry analytics professionals. The company, headquartered in Aurora, CO, has a strong presence on-line, including the above brands and its job board at EnergyCentralJobs.com. Energy Central also publishes EnergyBiz and Intelligent Utility magazines, and produces summits, forums and conferences for power industry professionals.

About PennWell Corporation
Founded in 1910 in Tulsa, Oklahoma, PennWell Corporation is a privately held and highly diversified business-to-business media and information company that provides quality content and integrated marketing solutions for the following industries: Oil and gas, electric power generation and delivery, hydropower, renewable energy, water and wastewater treatment, waste management, electronics, semiconductor manufacturing, optoelectronics, fiber-optics, aerospace and avionics, LEDs and lighting, fire and emergency services, public safety, and dental. PennWell publishes over 130 print and online magazines and newsletters, conducts 60 conferences and exhibitions on six continents, and has an extensive offering of books, maps, websites, research and database services. In addition to PennWell’s headquarters in Tulsa, Oklahoma, the company has major offices in Nashua, New Hampshire; London, England; Houston, Texas; San Diego and Mountain View, California; Fairlawn, New Jersey; Moscow, Russia; and Hong Kong, China.

About Forbes Mergers & Acquisitions

Forbes M&A is a leading transaction advisor to private companies.  The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition.  The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital.  For more information, call 303-256-6768 or go to www.ForbesMA.com.

 

Jenner LLC Acquires Illumen

Greenwood Village, CO (January 29, 2013) – Forbes Mergers & Acquisitions, a leading financial and transaction advisor, today announced that Jenner LLC has acquired the assets of Illumen, a leading IT managed services provider serving companies in the Rocky Mountain region. Forbes M&A served as the exclusive financial advisor to Illumen for this transaction.

For over 15 years, Illumen has worked with companies to solve their IT issues. With highly skilled engineering and support resources, best-of breed technology, and best-practices management and support processes, Illumen delivers acomplete  managed IT service that frees companies from IT issues and allows them to focus on their core businesses. As a client of Forbes M&A, Illumen wanted senior level assistance from experienced transaction advisors for every stage of the M&A  process. “Bob Forbes and Tom Schmidt walked me through the entire buying and selling process,” said Enrique Krajmalnik, chief executive officer of Illumen. “Their breadth of knowledge and willingness to always go the extra mile, made the process smooth and fast. I am very happy with the end result and would highly recommend Forbes M&A to other business owners.”

Jenner LLC is owned by Mike Jenner, former executive vice president at The Trizetto Group. With proven experience in the managed services industry, Mr. Jenner was looking for new growth opportunities, especially in information technology.  “I am very pleased with the addition of Illumen” said Mike Jenner. “Illumen has a strong reputation for quality within the Rocky Mountain region and I am looking forward to bringing the benefits of their expertise to even more companies.”

Bob Forbes, President Forbes M&A stated, “We are extremely satisfied with the outcome of this transaction. Illumen is a great company with outstanding service offerings and we were pleased to be able to find the right buyer for Mr. Krajmalnik.”

About Forbes Mergers & Acquisitions

Forbes M&A is a leading transaction advisor to private companies.  The firm represents and assists owners during the process of selling their businesses, merging or partnering with other companies, or growing through acquisition.  The firm also provides valuation and strategic planning services, and can facilitate the raising of debt or equity capital.  For more information, call 303-256-6768 or go to www.ForbesMA.com.

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Concept One Accessories Acquires Flair Hair Brand Visors

Forbes Mergers & Acquisitions is pleased to announce that Concept One Accessories has acquired the assets of Backgate Designs, Inc., owner of the Flair Hair visor brand (“Flair Hair”) of Morgan Hill, California. Forbes M&A served as the exclusive financial advisor to Flair Hair for this transaction.

Concept One Accessories is owned by Sam and Bernie Hafif, proven leaders for fashion, sports and entertainment accessories. Based in New York and with 150 employees worldwide, Concept One is a premier resource for licensed consumer products partnering with global brands such as Disney, Ford, MillerCoors and professional and collegiate sports. The company is committed to growth both organically, with its current portfolio of brands and products, and also via acquisition. Sam Hafif states, “Concept One is actively pursuing accessory companies with unique products or brands, which can be leveraged against its global distribution and marketing network. Flair Hair is a terrific product that people love, and we believe we can expand its presence across multiple channels in North America very quickly. We’ve already begun discussions with several of our key licensors to apply their properties to our Flair Hair product.”

In 2007, David Nance created a visor with sewn-in spiked hair and it immediately became a hit in his local community. With a federal design patent and a couple years of work, the original Flair Hair brand visors (www.FlairHair.com) were sold in golf shops to truck stops across the United States and some markets abroad. Jennifer Delaney, President of Backgate Designs and David’s daughter, explains “Bringing a new category of novelty hat to the marketplace was an exhilarating and remarkable experience. Flair Hair visors swept the nation and Concept One is a natural and exciting next step to grow the brand. We are thrilled about this transaction and confident in Concept One’s commitment to continued growth of the Flair Hair brand. Forbes M&A was an integral piece of joining the synergies of the Flair Hair product and Concept One’s current portfolio of accessories. Jim Johnston’s identification of mutual values and expectations allowed this deal to close quickly and with minimal effort.”

Jim Johnston, Senior Advisor at Forbes M&A, who lead the transaction, stated “We are delighted to have represented Flair Hair in the sale. The consumer products space is very active right now. After qualifying buyer candidates and interviewing dozens of executives, we presented Jennifer with five finalists for Flair Hair to consider. It was a pleasure working with Jennifer and Sam.”

About Forbes Mergers & Acquisitions
Forbes Mergers & Acquisitions is a lower middle market transaction advisory firm with a focus on consumer products and service, IT/Communications, healthcare and diversified industries. Forbes also provides valuations and other financial and strategic advisory services. The professionals of Forbes Mergers & Acquisitions have over 100 years of collective transaction experience. Forbes as locations in Denver, Colorado and Washington, D.C. For more information, visit www.ForbesMA.com.

ThinkTank Energy Products Inc Acquires Energy Efficiency Device Company

Forbes Mergers & Acquisitions is pleased to announce that ThinkTank Energy Products Inc. has acquired the assets of Electronic Educational Devices, Inc. (“EED”) of Aurora, Colorado. Forbes Mergers & Acquisitions served as the exclusive financial advisor to EED for this transaction.

ThinkTank Energy Products, Inc. is owned by Jamie Bullivant, a veteran of the electronics devices industry with extensive experience in manufacturing and product development. The company will continue to focus on developing and distributing energy saving solutions to residential, commercial and educational markets. “Customers are looking for new products to help reduce their energy consumption, save money and minimize their overall carbon footprint,” says Bullivant. “We want be the company that brings this to reality.”

Since 1997, EED has provided school classrooms, commercial customers and consumers with powerful and easy to use electricity usage monitoring and control devices sold under the Watts Up? brand (www.wattsupmeters.com). Designed and manufactured in the United States, WattsUp? meters have been sold throughout the US and in numerous international markets.

Jim Johnston, Senior Adviser at Forbes Mergers & Acquisitions, who led the transaction, stated “We are proud to have represented EED in the sale. Bob Forbes and I worked as a team to qualify high probability buyer candidates, interviewed dozens of executives and qualified six finalists for EED to consider. It is exciting to work in the energy efficiency space where so much attention is currently focused.”

Brad Volin, President of EED said, “Since I started this business almost 14 years ago, the market for energy efficiency products has grown considerably. I am delighted we found Jamie Bullivant, the right leader to take the company and the product line to the next level. Forbes was a fantastic partner who helped uncover a great buyer. The team was very knowledgeable, adept and extremely effective in running a process and closing the deal.”

About Forbes Mergers & Acquisitions
Forbes Mergers & Acquisitions is a lower middle market transaction advisory firm with a focus on IT/Communications, clean energy and cleantech, healthcare and diversified industries. Forbes also provides valuations and other financial and strategic advisory services. The professionals of Forbes Mergers and Acquisitions have over 50 years of collective transaction experience. Forbes has locations in Denver, Colorado and Washington, D.C. For more information, visit www.ForbesMA.com.

Forbes M&A Represents VisionTEK in Sale of Assets to N Harris Computer Corporation

Forbes Mergers & Acquisitions is pleased to announce that N Harris Computer Corporation (www.harrisworld.com) has acquired the assets of VisionTEK Inc. (www.visiontekinc.com) of Broomfield, Colorado.   Forbes Mergers and Acquisitions served as the exclusive financial advisor to VisionTEK for this transaction.

N Harris Computer is a wholly owned subsidiary of Constellation Software and a leading provider of financial management and Customer Information Systems (CIS) software solutions.  Since 1976, Harris has focused on providing feature-rich and robust turnkey solutions to all levels of local government, public power and water entities as well as school districts throughout North America.  Harris will focus on creating long-term relationships with VisionTEK’s customers and ensuring that the changing needs of its customers are met over time.

Since 1995 VisionTEK has provided state and local law enforcement agencies mission critical mobile software applications.  Over that time VisionTEK has developed not only the broadest, most advanced mobile product suite on the market but has built a loyal client base.

John Claybough, a Senior Adviser at Forbes Mergers & Acquisitions, who led the transaction, stated “We are proud to have represented VisionTEK in the sale to Harris.  Bob Forbes and I worked as a team to qualify high probability buyer candidates, interviewed numerous executives, and qualified 3 finalists for VisionTEK to consider.  Frank Traylor, President of VisionTEK said “After managing this business for almost 10 years, I could not have chosen a better partner to help find the right buyer than I did with Forbes Mergers & Acquisitions.  The team was very knowledgeable, organized and extremely effective in finding a great buyer and closing the deal.”

About Forbes Mergers & Acquisitions
Forbes Mergers & Acquisitions is a lower middle market transaction advisory firm with a focus on IT/Communications, clean energy and cleantech, healthcare and diversified industries.  Forbes also provides valuations and other financial and strategic advisory services.  The professionals of Forbes Mergers and Acquisitions have over 50 years of collective transaction experience.  Forbes has locations in Denver, Colorado and Washington, D.C.  For more information, visit www.ForbesMA.com.

eSoft, Inc. Announces Sale of UTM Business Assets and Rebranding to zvelo

eSoft, Inc., a leader in secure web filtering, today announced that its Board and shareholders representing a majority of its outstanding shares have agreed to a sale of the assets associated with its UTM Internet security appliance offerings (InstaGate™, ThreatWall™, ThreatPaks™ and SoftPak Director™) to eSoft Acquisition Limited (EAL) for an undisclosed cash amount.

eSoft, Inc. will retain all of the assets and intellectual property associated with its SiteFilter secure web filtering offering. In addition, the eSoft Board and shareholders have agreed to a name change from eSoft, Inc. to zvelo®, Inc., effective immediately. In connection with the sale of the UTM assets and name change, zvelo has moved its headquarters to Greenwood Village, Colorado.

zvelo is focused on providing SiteFilter offerings through OEM licensing partnerships. Since its introduction in 2008, the SiteFilter™ offering has emerged as the leading OEM solution for secure web filtering. SiteFilter combines superior coverage of the ActiveWeb (the areas of the web users are actively visiting), excellent accuracy, zero-hour malicious website detection and protection, cloud or “on disk SDK” deployment options, and flexible pricing models. Additionally, SiteFilter’s exclusive category mapping capability allows OEM partners to eliminate policy and reporting changes when converting from an existing web filtering supplier to the SiteFilter offering, making for a seamless and transparent migration for end users.

SiteFilter can be quickly and easily deployed in a wide range of OEM environments, including mobile service providers, endpoint security products, UTM or other gateway appliances, MSSPs, SaaS offerings, parental control and family-oriented solutions, and more.

“We are very excited about today’s announcements,” said Jeff Finn, CEO of zvelo, Inc. “The UTM business will benefit from the EAL investments in sales and marketing, while zvelo receives the capital needed to scale the SiteFilter business to accommodate the significant growth being experienced. Additionally, zvelo can now focus exclusively on the SiteFilter OEM business.”

Cash from the sale of the UTM business assets will be used to fund working capital and to support the growth of the business. Shareholders of eSoft, Inc. automatically become shareholders in zvelo and retain their current share ownership and the CUSIP number will remain the same.

About zvelo
zvelo (pronounced “zee vee low”) combines the rich history of a network security pioneer with the energy and enthusiasm of a start-up. zvelo’s team of more than 150 people is committed to providing the leading secure web filtering database, categorization technologies, and malicious website protection for the OEM market. zvelo is exclusively focused on licensing the SiteFilter technology through OEM relationships with mobile service provider, endpoint security, UTM appliance, and other high-growth market segments where real-time protection against Web 2.0 threats is required. More information is available at www.zvelo.com.

Forbes M&A Represents FirstChoice in Sale to Encompass

Forbes Mergers & Acquisitions is pleased to announce that FirstChoice Home Healthcare (www.firstchoicecare.com) in Denver, Colorado has been acquired by Encompass Home Health (www.ehhi.com). Forbes Mergers and Acquisitions served as the exclusive financial advisor to FirstChoice.

FirstChoice is a privately owned provider of home healthcare services to the Denver, Boulder and surrounding areas. The Medicare-certified agency has been providing exceptional care since 1993, with skilled nursing, physical therapy, occupational therapy, speech language pathology, social work, certified nursing assistant, and dietitian capabilities. Lon Sears, founder of FirstChoice, said “After owning a business for 17 years, I could not have chosen a better partner to help make a graceful exit than I did with Forbes Mergers & Acquisitions. The team was very knowledgeable, organized and extremely effective in finding a great buyer and closing the deal.”

Encompass Home Health is a leading provider of skilled home health services, with locations across Texas, Oklahoma, New Mexico and Colorado. Encompass has been an active consolidator in the Medicare-certified home health care market, and now has over sixty home care branches and twenty-five well-respected agencies with $200 million in annual revenues. Encompass is backed by Thoma Cressey Bravo (www.tcb.com), a leading private equity investment firm headquartered in Chicago, Illinois.

Bob Forbes, President of Forbes Mergers & Acquisitions, who led the transaction, stated “We are proud to have represented FirstChoice in the sale to Encompass. Michael Burt, Tom Schmidt and I worked as a team, profiled more than 500 companies, interviewed 200 executives, and qualified 6 finalists. Encompass was the clear winner and was able to demonstrate a passion for quality care, integrity, accountability, and commitment to employees that have been long traditions at FirstChoice.” Terms of the transaction were not disclosed.

Mainsail Partners Invests in Novus Biologicals Leading provider of life sciences products to use additional resources for continued growth

San Francisco, CA (PRWEB) Mainsail Partners, a San Francisco based private equity firm, announced today that it has completed an equity investment in Novus Biologicals, a leading provider of antibodies, peptides, proteins and other reagents for life science research, based in Littleton, CO. Financial details of the transaction have not been released.

Founded in 1996, Novus Biologicals has experienced significant growth and created strong brand awareness in the research community. The company’s catalog of more than 70,000 proprietary and third-party research grade reagents represents one of the largest product portfolios in the world. More than 45,000 customers throughout the world use Novus’ products in the ordinary course of their research.

“We are excited to partner with Mainsail Partners,” said Karen Padgett, founder and Chief Executive Officer, Novus Biologicals. “From the inception of Novus Biologicals, we have achieved tremendous success with new products and in new markets. We believe that Mainsail Partners will provide our company with additional support as we continue to expand our product offering and customer base.”

“Novus Biologicals represents an exciting opportunity for Mainsail Partners,” said Gavin Turner, Managing Partner, Mainsail Partners. “We are pleased to partner with a leading provider of research tools for life sciences and look forward to continued growth in the coming years through a strong collaboration with the company’s management.”

About Novus Biologicals

Novus Biologicals licenses, develops and markets research tools to scientists and researchers in corporate, academic and government laboratories. These research tools provide investigators with high-quality antibodies, proteins, kits and RNAi for study of protein functions in disease in the key fields of cancer, neuroscience, autophagy and lipid and cardiovascular research. Founded in 1996, Novus Biologicals is headquartered in Littleton, Colorado. For more information, visit: http://www.novusbio.com.

About Mainsail Partners

With approximately $150 million under management, Mainsail Partners is a private equity firm that invests exclusively in profitable, growing companies in the United States and Canada. Mainsail provides both the capital and experience to lead successful management buyouts, recapitalizations and growth equity investments. Drawing on their network and expertise in operations, strategy and finance, Mainsail represents a uniquely attractive partner to help shareholders and management teams realize value in their business. For more information, visit: http://www.mainsailpartners.com