Recent Transactions
Spartan Motors, Inc. has acquired Smeal Fire Apparatus Co.
Spartan Motors, Inc. has acquired Smeal Fire Apparatus Co. THE TRANSACTION In January 2017, Spartan Motors, Inc. (NASDAQ: SPAR) (“Spartan” or the “Company”), a global leader in specialty chassis and vehicle design, manufacturing, and assembly, announced its wholly-owned subsidiary, Spartan Motors USA, Inc., has completed the acquisition of substantially all of the assets and assumed…
Read MoreBirmingham Bloomfield Bancshares, Inc. has been acquired by Arbor Bancorp, Inc.
Birmingham Bloomfield Bancshares, Inc. has been acquired by Arbor Bancorp, Inc. THE TRANSACTION On July 20, 2016 Arbor Bancorp, Inc., the holding company for Bank of Ann Arbor (“Arbor”), and Birmingham Bloomfield Bancshares, Inc., the holding company for Bank of Birmingham (“Birmingham”) (OTC Pink: BBBI), announced they have entered into a definitive agreement (the “Agreement”)…
Read MoreCapital Directions, Inc. has been acquired by Commercial National Financial Corporation
Capital Directions, Inc. has been acquired by Commercial National Financial Corporation THE TRANSACTION On June 16, 2016 Commercial National Financial Corporation (OTC Pink: CEFC), (“CEFC”), the parent company of Commercial Bank, and Capital Directions, Inc. (OTC Pink: CTDN), (“CDI”), the parent company of Mason State Bank, announced that they have entered into a definitive merger…
Read MoreMiddlefield Banc Corp. has acquired Liberty Bank, N.A.
Middlefield Banc Corp. has acquired Liberty Bank, N.A. THE TRANSACTION On July 28, 2016, Middlefield Banc Corp. (“Middlefield” or the “Company”) (NASDAQ: MBCN), the bank holding company for The Middlefield Banking Company, and Liberty Bank, N.A. (“Liberty”) announced Middlefield has entered into an Agreement and Plan of Reorganization (the “Agreement”) with Liberty. On January 12,…
Read MoreStoneridge, Inc. acquires Orlaco Products BV
Stoneridge, Inc. acquires Orlaco Products BV THE TRANSACTION On January 31, 2017, Stoneridge, Inc. (NYSE: SRI) (“Stoneridge” or the “Company”), a designer and manufacturer of highly engineered electrical and electronic components, acquired Orlaco Products BV (“Orlaco”), a leading supplier of vehicle camera solutions, for €75M on a debt-free, cash-free basis, with additional contingent consideration of…
Read MoreOSB Community Bank has Completed a $5.461 million Offering of Common Stock Through a Private Placement
OSB Community Bank has Completed a $5.461 million Offering of Common Stock Through a Private Placement THE TRANSACTION In January 2016, OSB Community Bank’s (“OSB” or the “Bank”) Board of Directors appointed Richard (“Rick”) Northrup, former Executive Vice President and Chief Credit Officer of the former Ann Arbor, MI based United Bancorp, Inc. (and its…
Read MoreFentura Financial, Inc. has acquired Community Bancorp, Inc.
Fentura Financial, Inc. has acquired Community Bancorp, Inc. THE TRANSACTION On March 23, 2016, the boards of directors of Fentura and Community announced the execution of a definitive agreement by which Fentura will acquire Community in an all-cash transaction. On December 31, 2016, Fentura completed its acquisition of Community. Shareholders of Community received cash consideration…
Read MoreFentura Financial, Inc. has Completed a $15.0 million Offering of Common Stock Through a Private Placement
Fentura Financial, Inc. has Completed a $15.0 million Offering of Common Stock Through a Private Placement THE TRANSACTION On December 15, 2016, Fentura Financial, Inc. (OTCQX:FETM), (“Fentura” or the “Company”) announced that on December 12, 2016 it had closed the previously announced issuance of 1,071,428 shares of its common stock at a price of $14.00…
Read MoreAutomation Engineering, Inc. has been acquired by Mycronic AB
Automation Engineering, Inc. has been acquired by Mycronic AB THE TRANSACTION In November 2016, Automation Engineering, Inc. (“AEI”) was acquired by Mycronic AB (“Mycronic”) for $35.0 million. Under certain conditions, based on parameters such as growth and earnings, an earnout at a maximum amount of $27.0 million will be paid over two years. The transaction…
Read MoreSkyway Precision Inc. has acquired the assets of Daleo Machining
Skyway Precision Inc. has acquired the assets of Daleo Machining THE TRANSACTION In September 2016, Skyway acquired the assets of Daleo. The transaction expands Skyway’s customer base and geographic footprint, while leveraging Skyway’s product and manufacturing expertise. Skyway intends to expand the product and customer portfolio serviced from the Daleo location and grow the overall…
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