Recent Transactions
Stoneridge, 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…
Read MoreAMI Industries’ Fuel & Brake Business has been Acquired by Cooper Standard
AMI Industries’ Fuel & Brake Business has been Acquired by Cooper Standard THE TRANSACTION In August 2016, AMI Industries’ North American fuel & brake business was acquired by Cooper Standard. Concurrently, AMI Industries agreed to sell its China fuel & brake business to Cooper Standard, subject to regulatory approval. Our Client AMI INDUSTRIES, INC. AMI…
Read MoreWest Michigan Bank & Trust has been acquired by West Shore Bank
West Michigan Bank & Trust has been acquired by West Shore Bank THE TRANSACTION On April 14, 2016 West Michigan Bank & Trust (“WMBT”) and West Shore Bank (“WSB”) jointly announced the signing of a definitive consolidation agreement, pursuant to which WMBT will be consolidated with and into WSB, with WSB as the surviving institution.…
Read MoreFirst Citizens Financial Corporation has Completed a $10.0 million Offering of Common Stock Through a Private Placement
First Citizens Financial Corporation has Completed a $10.0 million Offering of Common Stock Through a Private Placement THE TRANSACTION On October 13, 2012, Foothills was issued a Consent Order by the FDIC and State of Georgia Department of Banking and Finance, ordering it to raise its Tier One Leverage Ratio to 8.0% and its Total…
Read MoreAFX Industries, LLC has been acquired by Exco Technologies Limited
AFX Industries, LLC has been acquired by Exco Technologies Limited THE TRANSACTION In April 2016, AFX was acquired by Exco. The transaction provides Exco with new capabilities, and expands its customer and supplier relationships. Our Client AFX INDUSTRIES, LLC AFX Industries, LLC (“AFX” or the “Company”) was founded in 1998 and is based in Port…
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