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Joe the DealmakerJoe the Plumber (and wannabe Dealmaker), has received more than enough attention during the past few days, but at the risk of overexposure, we here at MergersUnleashed have to weigh in on his interpretation of the tax code. You can rest easy, Joe, under Barack Obama’s tax plan it is unlikely that your taxes will climb. Joe, of course, is the Ohio plumber made famous for quizzing Democratic presidential candidate Barack Obama in an impromptu interview. The video of the exchange, which received play on various news outlets and political blogs, shows Joe confronting the Democratic candidate with claims that he is about to buy a company that earns over $250,000 a year. “You’re going to tax me more for fulfilling the American dream,” he asks the Senator rhetorically. David Perkins of mid-market M&A boutique Acquisition Advisors offered his take following the last presidential debate, which saw Republican presidential candidate John McCain turn Joe into a central figure in his campaign. In an email sent out to clients and associates, Perkins noted that as long as Joe acquires the business through a purchase of assets, versus buying the common stock, he will be able to deduct the price he pays for the business as the assets depreciate. And if Joe acquires the business as an LLC or an S-Corp., he’ll only face one level of taxation. Moreover, should he be able to find leverage for the deal, though no easy task today, the debt will generate interest expense, which is again tax deductible. In a call with MergersUnleashed, Perkins – a registered Republican – described that he is not interested in politicking for one candidate over the other. “My passion is business, not politics. I’m just looking to get at the truth,” he said. Fortunately for Joe, the truth is that the tax plans of neither
candidate will derail the American dream for the would-be acquirer.
ken.macfadyen@sourcemedia.com 
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DEALSGoldman, CIC Back Concessions LaunchGoldman Sachs teams up again with the Yankees, following up on its past partnership to launch the YES Network. Behrman Capital Sells ACS Communications To Black BoxBehrman Capital has sold ACS Communications, a fully-integrated technology services company, to Black Box Corp., a provider of voice services, data services, and IT product solutions. ACS Communications specializes in technology deployments, data center support services, managed staffing, and dispatch services. The company is also a provider of copper and fiber structured cabling systems, network design, installation, splicing, termination, testing, sustaining maintenance services, emergency restoration and documentation for high-quality, high-speed communications networks. DC Capital Partners Completes Add-OnNational Interest Security Co., a portfolio company of DC Capital Partners, has acquired Multi-Threaded, Inc., a provider of system engineering and software development solutions in support of document and media exploitation, multi-lingual data exploitation, and cyber security initiatives for the Intelligence Community and the Department of Defense. No financial terms were disclosed. TSG Closes On Sale Of Meguiar’sTSG Consumer Partners has sold its portfolio company, Meguiar’s Inc., a manufacturer of car care products for cleaning and protecting automotive surfaces, to 3M. Terms of the transaction were not disclosed. OpenGate Capital To Purchase TV GuideMacrovision Solutions Corp. has reached an agreement to sell its TV Guide Magazine to OpenGate Capital. The transaction is expected to close on approximately Dec. 1, 2008. TV Guide Magazine is a media brand that serves the television and entertainment community by providing a combination of breaking news, behind-the-scenes features and photos, and exclusive stories on television’s biggest shows and stars. Marlin Equity Buys FuritechnicsMarlin Equity Partners, LLC has acquired the assets of Furitechnics Group and the subsequent formation of Furi Brands, Inc. Furi Brands is a housewares product development company offering unique solutions to professional and home chefs, including the Rachael Ray branded line of cutlery, which established Furitechnics as a national consumer brand. Furi Brands will enter into a shared services agreement with Ultra*Pro, a Marlin portfolio company, enabling Furi Brands to leverage Ultra*Pro’s front and back office infrastructure.
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