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The Weekly Wrap: Billtrust, Carousel Capital, Weld North

Billtrust Buys Best Practice; Carousel Picks Up Express Oil Change; and Weld North acquires Organic Avenue

Target Name | Acquirer               

AllDigital Holdings Inc | Alta Acquisition Corp      

Alta Acquisition Corp, a wholly-owned unit of Broadcast International Inc (Broadcast), agreed to merge with AllDigital Holdings Inc, an Irvine-based retailer of automotive accessories, in exchange for Broadcast common shares.

New Albertsons Inc | AB Acquisition LLC              

AB Acquisition LLC (AB), a special purpose acquisition vehicle formed by an investor group led by Cerberus Capital Management LP and including Kimco Realty Corp, Klaff Realty LP, Lubert-Adler Partners Real Estate Funds and Schottenstein Real Estate Group LLC, definitively agreed to acquire New Albertsons Inc (New), a Boise- based owner and operator of supermarkets and drug stores, from SuperValu Inc, for $ 3. 3 bil, in a leveraged buyout transaction. The consideration was to consist of $ 100 mil in cash and the assumption of $ 3.2 bil in liabilities. On completion, New was to be merged with AB's Albertsons LLC unit. Concurrently, SuperValu planned to launch a tender offer to acquire 30% stake, or 60.054 mil shares, in Supervalu.

Adura Technologies Inc | Acuity Brands Inc         

Acuity Brands Inc acquired Adura Technologies Inc, a San Francisco-based developer of wireless controls and energy management solutions. Terms were not disclosed.

TABrewer Consulting Inc | Argus Media Inc        

Argus Media Inc acquired TABrewer Consulting Inc, a Houston-based provider of consulting services.

TractManager Inc | Arsenal Capital Partners LP 

Arsenal Capital Partners LP acquired an undisclosed majority interest in TractManager Inc, a Chattanooga-based provider of contract management services, in a leveraged buyout transaction.

Epocrates Inc | athenahealth Inc             

athenahealth Inc definitively agreed to acquire the entire share capital of Epocrates Inc, a San Mateo-based provider of medical information retrieval services, for $ 11.75 in cash per share, or a total value of $ 301.85 mil.

Masco Framing Corp | Atlas Holdings LLC             

Atlas Holdings LLC acquired Masco Framing Corp, a Chandler-based manufacturer and wholesaler of frame-panel and truss products, from Masco Corp, in a leveraged buyout transaction.

Tresys Technology LLC | Behrman Capital LP       

Behrman Capital LP acquired Tresys Technology LLC, a Columbia-based developer of security software. Terms were not disclosed.

Best Practice Systems Inc | Billtrust        

Billtrust merged with Best Practice Systems Inc, an Englewood-based provider of outsourced billing services.

Zacharon Pharmaceuticals Inc | BioMarin Pharmaceutical Inc

BioMarin Pharmaceutical Inc acquired the entire share capital of Zacharon Pharmaceuticals Inc, a San Diego-based biotechnology company, for $ 10 mil. The transaction consisted of $ 10 mil and an undisclosed amount in profit related payments.

Southwest Heat Treat Services | Bluewater Thermal Solutions  

Bluewater Thermal Solutions LLC (Bluewater) acquired Southwest Heat Treat Services LLC, a Houston-based provides heat treating services. Concurrently, Bluewater acquired Texas Energy Laboratories Inc.

Texas Energy Laboratories Inc | Bluewater Thermal Solutions    

Bluewater Thermal Solutions LLC (Bluewater) acquired Texas Energy Laboratories Inc, a Houston- based provider of metallurgical and mechanical testing services. Concurrently, Bluewater acquired Southwest Heat Treat Services LLC.

Express Oil Change LLC | Carousel Capital Partners LP    

Carousel Capital Partners acquired Express Oil Change LLC, a Birmingham- based provider of auto repair services.

CoAdvantage Corp | Compass Investment Partners       

Compass Investment Partners Fund LP acquired CoAdvantage Corp, an Orlando- based provider of human resource outsourcing services, from Madison Capital Partners, in a leveraged buyout transaction.

Crestwood Marcellus Midstream | Crestwood Midstream Partners        

Crestwood Midstream Partners LP (Midstream) acquired the remaining 65% interest, which it did not already own in Crestwood Marcellus Midstream LLC, a Houston-based provider of natural gas processing services, from its joint venture partner, Crestwood Holdings Partners LLC, for $ 276.65 mil. The consideration was to consist of $ 129 mil in cash and the issuance of 6.2 mil new Class D units valued at $ 147.56 mil. The units were valued based on Midstream's closing stock price of $ 23. 08 on 07 January 2013, the last full trading day prior to the announcement.

Name.com LLC | Demand Media Inc      

Demand Media Inc acquired Name.com LLC, a Denver-based provider of domain registration services.

Clearwire Corp | DISH Network Corp     

DISH Network Corp planned to launch an unsolicited challenging tender offer to acquire the entire share capital of Clearwire Corp, a Bellevue- based provider of wireless high-speed internet services, from Sprint Nextel Corp (Sprint), for $ 3.33 in cash per Class A and Class B common share, or a total value of $ 4.834 bil. The offer was conditioned upon at least 25% of Clearwire's shares being tendered. Previously, Sprint definitively agreed to acquire the remaining 49.554% stake, which it did not already own, in Clearwire.

EnergySolutions Inc | Energy Capital Partners II LLC         

Energy Capital Partners II LLC, a unit of Energy Capital Partners, through its wholly-owned subsidiary, definitively agreed to acquire the entire share capital of EnergySolutions Inc, a Salt Lake City-based provider of nuclear disposal services, for $ 3.75 in cash per share, or a total value of $ 338.487 mil, in a leveraged buyout transaction.

Pantheon Inc | Epic Pantheon International       

Epic Shipping Holdings Ltd of Singapore, merged with Pantheon Inc, a provider of petrochemical shipping services. On completion, the merged entity was named Epic Pantheon International Gas Shipping Ltd.

TTI/Vanguard | Euromoney Institutional Invest

Euromoney Institutional Investor PLC acquired a 87% interest in TTI/Vanguard, a Santa Monica-based provider of conference services., for $ 8 mil.

Guardian Healthcare Inc | Evolution Health LLC 

Evolution Health LLC, a wholly owned unit of Clayton, Dubilier & Rice LLC's Emergency Medical Services Corp subsidiary acquired Guardian Healthcare Holdings Inc, a Mckinney-based provider of skilled nursing and therapy services.

Pierce Pump Co LP | FCX Performance Inc           

FCX Performance Inc, a majority-owned unit of Harvest Partners LP, acquired Pierce Pump Co LP, a Dallas- based wholesaler of pumps and compressors.

EP2M LLC | Five Point Partners LLC         

Five Point Partners LLC acquired EP2M LLC, a Flanders- based provider of advisory and consulting services.

Bentrani Watches LLC | Fossil Inc             

Fossil Inc acquired Bentrani Watches LLC, a Doral- based wholesaler of watches.

Yonkers Industries Inc | Foster Wheeler AG       

Foster Wheeler AG of Switzerland acquired Yonkers Industries Inc, a Cary-based provider of construction and management services.

Salter Group LLC | FTI Consulting Inc      

FTI Consulting Inc acquired Salter Group LLC, a Los Angeles-based provider of financial and strategic advisory services.

Intelimedix | Health Intelligence Co LLC

Health Intelligence Co LLC acquired Intelimedix, a Tampa-based provider of business intelligence and healthcare analytics. Terms were not disclosed.

Ovation Payroll Inc | Heartland Payment Systems Inc

Heartland Payment Systems Inc acquired Ovation Payroll Inc, a Rochester- based provider of payroll processing services.

NRK | Hexagon AB         

Hexagon AB of Switzerland acquired New River Kinematics Inc (NRK), a Williamsburg-based developer of metrology software.

The CE White Co | Hickory Springs Manufacturing            

Hickory Springs Manufacturing Co acquired The CE White Co, a New Washington- based manufacturer of motor vehicle seats.

Codebench Inc | HID Global Corp            

HID Global Corp, a wholly-owned subsidiary of Assa Abloy AB, acquired Codebench Inc, a Coconut Creek-based software provider for physical security applications. Terms were not disclosed.

Benefit Concepts Inc | Hub International Ltd      

Hub International Ltd acquired Benefits Concepts Inc, a Shreveport-based employee benefits brokerage firm. Terms were not disclosed.

Intercare Insurance Solutions | Hub International Ltd    

Hub International Ltd acquired Intercare Insurance Solutions Inc, a San Diego- based insurance company. Terms were not disclosed.

Tutor.com Inc | IAC/InterActiveCorp     

IAC/InterActiveCorp acquired Tutor.com Inc, a New York-based provider of online tutoring services.

Verinata Health Inc | Illumina Inc             

Illumina Inc definitively agreed to acquire Verinata Health Inc, a Redwood City-based provider of medical research services, for $ 450 mil. The consideration was to consist of $ 350 mil in cash and up to 100 mil in profit related payments.

Giftango Corp | InComm             

InComm Inc, a unit of Millennium Prime Inc's InComm Holdings Inc subsidiary, acquired Giftango Corp, a Portland-based retailer of digital gift solutions.

Gelbwaks Insurance Services | Individual Commercial   

Individual Commercial Brokerage Inc merged with Gelbwaks Insurance Services, a Plantation-based insurance company.

Kopin Corp-III-V Assets | IQE     

International Quantum Epitaxy PLC {IQE} agreed to acquire the III-V assets of Kopin Corp, a Taunton-based manufacturer of semiconductors, for $ 75 mil in cash. The transaction was to include KTC Wireless LLC and the II-V leased manufacturing facility of Kopin Corp.

Chromalox Inc | Irving Place Capital Inc 

Irving Place Capital Inc acquired Chromalox Inc, a Pittsburgh-based manufacturer of electric heaters, from Sentinel Capital Partners, in a leveraged buyout transaction. Previously, Sentinel Capital Partners acquired Chromalox Inc from CCMP Capital Advisors LLC, a wholly-owned unit of JPMorgan Chase & Co's majority-owned JP Morgan Partners LLC subsidiary.

Pacific Interpreters Inc | Language Line Svcs Hldg Inc      

Language Line Services Holdings Inc, a unit of ABRY Partners LLC's Language Line Holdings LLC, acquired Pacific Interpreters Inc, a Dallas-based provider of interpretation, translation, and consulting services, from Sterling Partners. Terms were not disclosed.

Rhopac Fabricated Products Co | LCP     

Lazarus Capital Partners{LCP} acquired an undisclosed majority interest in Rhopac Fabricated Products Co, a Libertyville-based manufacturer of non-metallic tight tolerance parts.

Gasko Fabricated Products Co | LCP       

Lazarus Capital Partners{LCP} acquired an undisclosed majority interest in Gasko Fabricated Products Co, a Medina-based manufacturer of non-metallic die cut parts.

Wereldhave NV-US Portfolio | Lone Star Funds

Lone Star Funds acquired the US portfolio of Wereldhave NV, a The Hague- based real estate investment firm, for $ 720 mil, in a leveraged buyout transaction.

Eagle Pure Water Systems Inc | Mar Cor Purification Inc               

Mar Cor Purification Inc, a majority-owned unit of Cantel Medical Corp, acquired Eagle Pure Water Systems Inc, a Souderton -based manufacturer of water treatment equipment.

McGraw Wentworth Inc | Marsh & McLennan Agency LLC

Marsh & McLennan Agency LLC, a unit of Marsh & McLennan Cos Inc's Marsh Inc, acquired McGraw Wentworth Inc, a Troy-based provider of employee group benefits consulting services. Terms were not disclosed.

All-State Belting Co | Marubeni Corp     

Marubeni Corp of Japan acquired an 80.1% interest in All-State Belting Co, a West Des Moines-based manufacturer and wholesaler of conveyor belts.

MediaWhiz Holdings LLC | Matomy Media Group            

Matomy Media Group of Israel acquired MediaWhiz Holdings LLC, a New York- based provider of online marketing and consulting services, from Lake Capital Partners LP.

Farrell Kramer Communications | MBS Value Partners LLC           

MBS Value Partners LLC merged with Farrell Kramer Communications LLC, a Cluster- based provider of public relation services.

City Securities Insurance LLC | McCormick-Metsker Agency LLC McCormick-Metsker Agency LLC merged with City Securities Insurance LLC, an Indianapolis-based insurance agency.

TMG Custom Media | McMurry/TMG LLC           

McMurry Inc merged with TMG Custom Media, a Washington-based provider of content marketing services. Terms were not disclosed. Upon completion, the merged entity was to be named McMurry/TMG LLC.

Mar West Real Estate Inc | Merit Property Management Co

Merit Property Management Co, a wholly owned unit of FirstService Corp's FirstService Residential Management Inc subsidiary acquired Mar West Real Estate Inc, a Tustin-based provider of real estate management services. Terms were not disclosed.

Daily Equipment Co | Mitsubishi Heavy Industries           

Mitsubishi Heavy Industries Ltd of Japan acquired Daily Equipment Co, a Pearl-based manufacturer and wholesaler of lift trucks.

Airline Career Academy | Pan Am International Flight    

Pan Am International Flight Academy, a wholly- owned subsidiary of JW Childs Associates LP, acquired Airline Career Academy, a Kissimmee-based owner and operator of pilot training schools. Terms were not disclosed.

South Shore Hospital | Partners HealthCare Systems     

Partners HealthCare Systems Inc (Partners HealthCare) planned to merge with South Shore Hospital (South Shore), a South Weymouth-based owner and operator of hospitals. Originally, in Partners HealthCare was rumored to be planning to merge with South Shore.

Pacific Distribution Services | Port Logistics Group           

Port Logistics Group acquired - Pacific Distribution Services LLC, a Sumner-based provider of provides warehousing, distribution, transportation, and logistics services.

AirFlyte Inc | Rectrix Commercial Aviation           

Rectrix Commercial Aviation Services acquired AirFlyte Inc, a Westfield- based provider of aviation services, for an undisclosed amount in cash.

Knovel Corp | Reed Elsevier Inc

Reed Elsevier Inc, a unit of Reed Elsevier NV and Reed Elsevier PLC's Reed Elsevier Group PLC joint venture unit, acquired Knovel Corp, a New York-based provider of Internet search engine services. Terms were not disclosed.

PKMJ Technical Services Inc | Rolls-Royce Holdings PLC 

Rolls-Royce Holdings PLC of the UK acquired PKMJ Technical Services Inc, a Moon Township-based provider of engineering and software solutions services.

Fire Research Corp | ROM Corp

ROM Corp, a unit of Century Park Capital Partners Inc, acquired Fire Research Corp, a Nesconset-based manufacturer of safety equipment and supplies. Terms were not disclosed.

(m)PHASIZE | Sapient Corp        

Sapient Corp acquired (m) PHASIZE, a Westport-based provider of marketing consulting services.

Herguth Laboratories Inc | SGS SA          

SGS SA (SGS) of Switzerland acquired Herguth Laboratories Inc, a Vallejo- based provider of lubrication analysis services. Concurrently, SGS acquired E&S Engineering Solutions Inc.

E&S Engineering Solutions Inc | SGS SA 

SGS SA (SGS) of Switzerland acquired E&S Engineering Solutions Inc, a Tucson-based provider of process engineering services. Concurrently, SGS acquired E&S Engineering Solutions Inc.

ThisLife | Shutterfly Inc

Shutterfly Inc acquired ThisLife, a Palo Alto-based provider of photo and video organizing, storing, and sharing services.

EFactor Corp | Standard Drilling Inc         

Standard Drilling Inc (Standard) definitively agreed to merge with EFactor Corp, a New York-based provider of social media network services, in exchange for 66.541 mil Standard common shares valued at $ 0. 012 mil and 2.411 mil preferred shares, in a reverse takeover transaction. The shares were valued based on Starndard's closing stock price of $ 0.002 on January 7, the last full trading day prior to the announcement.

Spartan College of Aeronautics | Sterling Partners           

Sterling Partners acquired Spartan College of Aeronautics & Technology, a Tulsa-based owner and operator of aviation- maintenance school for training pilots, aviation technicians and nondestructive testing (NDT) professionals. Terms were not disclosed.

Plattform Advertising Inc | Sterling Partners       

Sterling Partners acquired Plattform Advertising Inc, a Lenexa- based provider of marketing and communications services, from Ad-Venture Interactive Inc. Terms were not disclosed.

Bear Tracker Energy LLC | Summit Midstream Partners LLC

Summit Midstream Partners LLC, a wholly-owned unit of Energy Capital Partners, agreed to acquire the entire share capital of Bear Tracker Energy LLC, a Denver-based midstream energy company, from GSO Capital Partners LP, a unit of Blackstone Group LP, for $ 513 mil, in a leveraged buyout transaction.

Dutch LLC | TA Associates Inc    

TA Associates Inc acquired a 60% stake in Dutch LLC, a Vernon-based owner and operator of clothing stores, in a privately negotiated transaction. Terms were not disclosed.

American Fast Freight Inc | The Resolute Fund II LP        

The Resolute Fund II LP, a majority-owned unit of The Jordan Co LP, acquired American Fast Freight Inc, a Fife-based provider of logistics services, in a leveraged buyout transaction. Terms were not disclosed.

Southway Crane & Rigging Co | TNT Crane & Rigging Inc

TNT Crane & Rigging Inc, a majority owned unit of Odyssey Investment Partners LLC acquired Southway Crane & Rigging Co, an Atlanta, Georgia provides crane rental services.

Andre Assous Co | Vida Shoes International Inc

Vida Shoes International Inc acquired Andre Assous Co, an Oceanside-based manufacturer and wholesaler of shoes. Terms were not disclosed.

Black Rock Cable Inc | WaveDivision Holdings LLC             

WaveDivision Holdings LLC, a unit of Sandler Capital Management, acquired Black Rock Cable Inc, a Bellingham-based provider of telecommunications services, for $ 50 mil.

Organic Avenue | Weld North Holdings LLC          

Weld North Holdings LLC raised its interest to 70% from an undisclosed minority stake by acquiring an undisclosed stake, in Organic Avenue, a New York-based producer and retailer of plant-based juice and foods, in a leveraged buyout transaction. Terms were not disclosed.

 

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