Global Aero Logistics Inc., owner of ATA Airlines, has agreed to acquire World Air Holdings Inc. (OTC: WLDA.PK) for $315 million in cash. Under terms of the agreement, World Air stockholders would receive $12.50 per share. GAL is majority-owned by private equity firm MatlinPatterson. Friedman, Billings, Ramsey & Co. Inc. advised World Air on the […]
Comfort Co., a West Long Branch, N.J.-based maker of memory foam products, has acquired the Prime Foam division of Leggett & Platt Inc. (NYSE: LEG). No financial terms were disclosed, except that the Prime Foam division generated approximately $200 million in 2006 revenue. Sleep Innovations is a portfolio company of Catterton Partners. Leggett & Platt […]
Open Solutions Inc., a Glastonbury, Conn.-based provider of integrated data processing technologies for financial service providers, has agreed to acquire Fincentric Corp., a Richmond, British Columbia-based provider of core retail banking and customer value management software to the global financial services industry. No financial terms were disclosed for the deal, which is expected to close […]
Marlin Equity Partners is merging recently-acquired CMS Software Inc. with existing portfolio company XKO Software Ltd. CMS is an Ontario-based provider of enterprise resource planning (ERP) and supply chain management (SCM) software to small and medium-sized manufacturers, distributors and wholesalers in North America and Asia. XKO is a UK-based provider of mid-range ERP systems to […]
American Achievement Corp., class ring and yearbook provider owned by Fenway Partners, has acquired Powers Embroidery Inc., a Waco, Texas-based producer of letter jackets, chenille patches and other school spirit embroidery merchandise. No financial terms were disclosed. http://www.cbi-rings.com/
CCC Information Services Inc., a Chicago-based provider of auto claims information systems and claims management software, has acquired Integrated Collision Management, a provider of shop management software to the collision industry. No financial terms were disclosed. Investcorp acquired CCC in February 2006. http://www.cccis.com/
Market Force Information Inc., a Boulder, Colo.-based provider of customer experience information, has acquired Speedmark Information Services, a marketing services company based in The Woodlands, Texas. Market Force has raised around $43 million in VC funding since its 2005 inception, from firms like Boulder Ventures, Centennial Ventures, Vista Ventures, Hercules Technology Growth Capital and Monitor […]
Senior Home Care Inc., a Clearwater, Fla.-based provider of home healthcare services, has acquired Synergy Inc. from Synergy Healthcare Systems Inc. No financial terms were disclosed for the deal, which included equity from SHC backers MTS Health Investors and Oaktree Capital Management. Synergy is a Baton Rouge, La.-based provider of home nursing services targeting the Medicare […]
TA Associates has acquired Alere Medical Inc., a Reno, Nev.-based provider of disease management services to group health plans. The deal is valued at $175 million, and was done in partnership with company management. Alere had raised around $96 million in VC funding since 1996, from firms like Flagship Ventures, Institutional Venture Partners, S.R. One […]
Warburg Pincus and Marshall & Ilsley Corp. are planning to transact a sponsored spinout of M&I's payment processing unit Metavante, according to The Wall Street Journal. The deal could be worth $4 billion, with Metavante being spun out to shareholders in a tax-free transaction, with Warburg Pincus paying cash for a significant minority ownership position. […]