Iris Dorbian
Avondale Partners, a Nashville-based independent investment banking and wealth management firm, said on Monday it is expanding to New York City. Leading the new office will be John Cuddeback from BMO Capital Markets and Dana Lambert from Royce & Associates.
Velocity Technology Solutions, a portfolio company of Silver Lake Sumeru, has closed its buy of iXtend, an Oracle managed services provider. No financial terms were disclosed. IXtend is based in Denver, Colorado.
Medical Specialties Distributors, a portfolio company of Water Street Healthcare Partners, said on Monday that it has acquired Medical Technology Resources. No financial terms were disclosed. Headquartered in Columbus, Ohio, MTR is a provider of infusion pumps and related products.
B&G Foods said on Monday that it has entered into an agreement to acquire Pirate Brands from VMG Partners, Driven Capital Management, founder Robert Ehrlich and others for approximately $195 million in cash. The acquisition is expected to close in July 2013. Pirates Brand is a producer of all-natural snack foods.
Deloitte Corporate Finance said on Monday that it has acquired McColl Partners, an advisory-focused investment bank. No financial terms were disclosed. As a result of this transaction, a team of nearly 70 professionals will join Deloitte Corporate Finance, a subsidiary of Deloitte Financial Advisory Services LLP. McColl Partners is headquartered in Charlotte, N.C.
Fox Technologies, a producer of access management and governance software, said on Monday that it has been acquired by southern California-based Parallax Capital Fund, L.P. a private equity fund managed by Parallax Capital Partners, LLC. No financial terms were disclosed. Fox Technologies is based in Mountain View, Calif.
The Riverside Company, a global private equity firm, said on Monday that it has acquired the Emergency Notification division of Global Connect to its Emergency Communications Network, LLC. platform. No financial terms were disclosed. Global Connect’s Emergency Notification division serves government customers on the East Coast. ECN is a provider of time-sensitive communication delivery for government clients. Kirkland & Ellis LLP advised Riverside on the transaction.
Twin Rivers Paper Company, a provider of specialty packaging, said on Monday that Atlas Holdings and Blue Wolf Capital are now majority owners of the company. No financial terms were disclosed. Also, Adam Blumenthal, managing partner of Blue Wolf, Tim Fazio, managing partner of Atlas Holdings, and Twin Rivers’ CEO Tim Lowe have joined Twin River's board of directors. Twin Rivers has facilities in Edmundston and Plaster Rock, New Brunswick, and Madawaska, Maine.
CIT Group said on Monday that it has provided a loan to Aquilex LLC, the parent company of Aquilex HydroChem, a provider of industrial cleaning solutions. No financial terms were disclosed. CIT Bank, the bank subsidiary of CIT, provided the financing while CIT Corporate Finance was the joint lead arranger and bookrunner for the transaction. Aquilex LLC is majority owned by affiliates of Centerbridge Partners, L.P.
Bourque Industries, a Tucson, AZ-based provider of carbon metal alloys, said on Monday that it that it agreed to a $7.5 million stock purchase agreement with Ironridge Technology Co., an institutional investor that specializes in direct equity investments in the technology sector. The proceeds will be used to fund Borque Industries' growth, expand executive personnel and resolve outstanding liabilities.