Select Medical Corp., a Mechanicsburg, Pa.-based operator of specialty hospitals, has agreed to acquire CORA Health Services Inc., a Lima, Ohio
La-Z-Boy Inc. (NYSE: LZB) has completed the sale of its Clayton Marcus subsidiary to Rowe Fine Furniture Inc., a portfolio company of Sun Capital Partners. No financial terms were disclosed. Clayton Marcus is a Hickory, N.C.-based maker of mid-to-high priced upholstered furniture. www.claytonmarcus.com
Zayo Bandwidth, a Louisville, Colo.-based regional provider of fiber-based network services, has acquired Indiana FiberWorks, operator of a fiber network that connects 21 of Indiana's 25 largest cities. No financial terms were disclosed. Zayo recently secured access to $225 million in private equity funding, from firms like Columbia Capital, M/C Venture Partners, Oak Investment Partners, […]
Serentis Inc., a UK drug startup formed by former Arakis Ltd. executives, has acquired Surface Therapeutics Ltd., a developer of treatments for dermatological diseases. No financial terms were disclosed. Serentis recently raised Gbp10.3 million in Series A funding from firms like Novo AS, MVM Life Science Partners and Apposite Capital. www.serentis-pharma.com
HomeAway Inc., an Austin, Texas-based operator of an online vacation rentals website, has acquired Owners Direct Holiday Rentals, the second-largest vacation rental website in the UK. No financial terms were disclosed, although existing HomeAway shareholder American Capital Strategies said that it had recently invested an additional $11.5 million into the company. Other HomeAway shareholders […]
Advanced Communications Technologies Inc. (OTC BB: ADVC), a New York-based reverse logistics company for consumer electronics, has raised an undisclosed amount of funding from H.I.G. Capital. Concurrent with the transaction, ACT has completed its acquisition of Vance Baldwin Electronics, an OWM parts distributor with operations in southern Florida and suburban Atlanta. www.higcapital.com www.advancedcomtech.net
Kinder Morgan Energy Partners has bought the assets of Marine Terminals Inc. for approximately $100 million. Marine Terminals primarily handles and stores steel and alloys. It has two facilities in Blytheville, Ark., and individual terminals in Decatur, Ala., Hertford, N.C., and Berkley, S.C. The five facilities handled approximately 13.4 million tons of steel products in […]
CM Equity Partners is backing a new acquisition platform called Laguna Ventures, which will buy companies that serve the U.S. intelligence community and U.S. Department of Defense. No financial terms were disclosed for the deal, which also includes CM's commitment to assist in acquisition structuring and financing. McLean, Va.-based Laguna Ventures is led by William […]
Thule Inc., a manufacturer of car rack products, has acquired United Welding Services Inc., a manufacturer of truck toolboxes and other pick-up truck accessories. No financial terms were disclosed. Thule is a portfolio company of Nordic Capital. United Welding was advised on the deal by Citi Capital Strategies.
AFS Technologies Inc., a Phoenix