Innovex completes acquisition of Downhole Well Solutions

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
DWS Innovex ClearRidge Innovex International, Inc. (NYSE: INVX) ("Innovex"), a leading provider of products and technologies to the oil and gas industry, has completed the acquisition of the remaining equity ownership of Downhole Well Solutions. DWS engaged ClearRidge to advise on acquisition strategy. The ClearRidge team managed the process and due diligence.

Heater Specialists Acquires ParFab Industries

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Heater Specialists, a fully integrated single-source manufacturer of refinery and petrochemical equipment, acquired the fabrication business of ParFab Industries in Inola, Oklahoma. ParFab Industries is a wholly owned subsidiary of the ParFab group of companies. HSI is a wholly owned subsidiary of Energy Process Technologies, Inc. (“EPTI”). ClearRidge advises EPTI and HSI's Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence.
Heater Specialists Acquires ParFab Industries

Window Technology, Inc (WinTech) acquires Pocahontas Aluminum Company

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
WinTech, a leading US manufacturer and supplier to the construction industry has acquired 100% of the stock of Pocahontas Aluminum Company, a window and door manufacturer based in Pocahontas, Arkansas. ClearRidge advises WinTech’s Senior Management team and Board on acquisition strategy. In this acquisition, the ClearRidge team advised on financial and business matters, managed the process and due diligence. Click through for more information on the acquisition.
WinTech Pocahontas Acquisition

U.S. Pioneer acquires Comsaco

Posted by Matthew Bristow in Mergers & Acquisitions
Comsaco has been acquired U.S. Pioneer. They are both leading manufacturers of shipboard electrical components and equipment, serving the shipbuilding industries and the Navy. US Pioneer engaged ClearRidge to advise them on their acquisition strategy. The ClearRidge team managed the acquisition process and due diligence. In 2021, US Pioneer expanded to a new ...
US-Pioneer_ClearRidge_Comsaco

Boyne Capital – McKee Utility Acquisition

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Boyne Capital partnered with management acquiring McKee Utility Contractors, a water and sewer infrastructure services platform providing pipeline installation, replacement, tunneling, and boring for water, wastewater, and stormwater utility customers. (www.mckeeutility.com). With an exhaustive process to prepare McKee Utility, identify and approach potential partners, the ClearRidge team managed the planning, process and due diligence to complete the acquisition.
McKee Boyne ClearRidge

Summit Steel acquires Laser Specialties

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Laser Specialties, Inc. has been acquired by Summit Steel Fabricating. Laser Specialties is a full-service custom and contract metal manufacturing company. Founded in 1993, LSI operates out of a 131,000 sq ft campus in Tulsa, Oklahoma and has over 55 employees, with a client list that includes OEMs, Military Products, Environmental, Energy, Construction, Transportation, and Agriculture. The owners of LSI engaged ClearRidge to represent them in the sale. With an exhaustive process to prepare LSI, identify and approach potential acquirers, the ClearRidge team managed the sale process, and due diligence.
Summit Steel acquires Laser Specialties

Jetta Corporation acquired by Longwater Opportunities

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Jetta Corporation has been acquired by Longwater Opportunities, an operationally focused private equity firm with offices in Dallas, TX and Fargo, ND. Jetta's Board had set goals for the future sale of the company and with successful strategic and operational initiatives implemented in the last five years, Jetta met the Board’s goals and the Company engaged ClearRidge to represent Jetta in the sale. With an exhaustive process to prepare Jetta for a sale, identify and approach potential acquirers, the ClearRidge team managed the sale process, due diligence and closing.
Jetta acquired by Longwater

AIR Technologies acquired by Fidelity Building Services Group (Fidelity BSG)

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
AIR Technologies has been acquired by Fidelity Building Services Group (Fidelity BSG), a national leader in HVAC/Mechanical Services, Building Automation & Controls and Emergency Power Generators. When the owners of AIR Technologies were approached by a strategic acquirer, they reached out to ClearRidge to advise them on the potential sale.  With an exhaustive process to prepare AIR Technologies for a sale, identify and approach potential acquirers, the ClearRidge team managed the sale process, due diligence and closing.
AirTechnologies-Fidelity-Acquisition

Livingston Machinery Company acquired by Summit Equity Group in partnership with Midwest Growth Partners

Posted by Matthew Bristow in Mergers & Acquisitions
Livingston Machinery Company, a leading agricultural equipment dealer serving customers in Oklahoma, Texas, New Mexico, Kansas and Colorado, was acquired by Summit Equity Group in partnership with Midwest Growth Partners. ClearRidge advised the Owners and Board of Directors of Livingston on the sale.
Livingston Machinery Company acquired by Summit Equity Group in partnership with Midwest Growth Partners

Conroe Concrete acquired by SRM

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
Conroe Concrete (Yancey Ready-Mix) has been acquired by SRM Concrete. The buyer, SRM Concrete is among the fastest-growing concrete companies in the US, with over 200 locations across 14 states in the Eastern US, expanding South, acquiring ten concrete companies in 2018 and exceeding that growth again in 2019. ClearRidge advised the owners of Conroe Concrete (Yancey Ready-Mix) on the sale.

MAC Systems acquired by Summit Companies (CI Capital Partners)

Posted by Matthew Bristow in Corporate Finance, Mergers & Acquisitions
MAC Systems (www.macsystems.co) has been acquired by Summit Companies (CI Capital Partners). The buyer, Summit Companies, is a leading provider of fire life safety services designed to protect buildings, assets and people all across the US. ClearRidge advised the owners of MAC Systems on the sale.

Ball Winch Pipeline Services acquired by L.B. Foster Company (NASDAQ: FSTR).

Posted by Matthew Bristow in Mergers & Acquisitions
November 8, 2013. Ball Winch Pipeline Services, LLC, the Willis, Texas, privately-owned company that applies specialty pipe coatings and provides field services for the oil and gas, mining, water and waste water industries, was acquired by L.B. Foster Company (NASDAQ: FSTR). The Company was advised by ClearRidge of Tulsa, Oklahoma. Click More to read about the transaction.

Hermetic Switch, Inc. (HSI Sensing) acquired Genisco Filter Corporation

Posted by Matthew Bristow in Mergers & Acquisitions
June 13, 2013. Hermetic Switch, Inc. (HSI Sensing) acquired Genisco Filter Corporation, a California company. Genisco, headquartered in San Diego, designs and manufactures electromagnetic interference (EMI) filters for military/defense and industrial/commercial markets. ClearRidge is a long-time advisor to HSI Sensing.

First Wave MRO acquired by Tray Siegfried and Jon Werthen. Oklahoma Aerospace Maintenance, Repair and Overhaul firm.

Posted by Matthew Bristow in Mergers & Acquisitions
December 17, 2012. First Wave MRO, Inc. enters into Agreement to sell its assets to a newly-formed entity, owned by Tray Siegfried and Jon Werthen. The Company was advised by ClearRidge.

TCI Services, Inc. was acquired by Team Industrial Services, the largest specialized industrial services company in North America.

Posted by Matthew Bristow in Mergers & Acquisitions
September 28, 2012. TCI Services, also known as Tank Consultants, was acquired by Team Industrial Services (NYSE:TISI), the largest specialized industrial services company in North America. The Company was advised by Managing Directors of ClearRidge, acting in their capacity as registered representatives of Burch & Company, Inc.

Warren & Christian, Inc. acquired by the Reservoir Group, an Aberdeen, Scotland company focused on down-hole drilling products and services.

Posted by Matthew Bristow in Mergers & Acquisitions
February 6, 2012. ClearRidge , an Oklahoma investment banking firm, announced the acquisition of Warren & Christian, Inc., an Oklahoma oil field services company by Reservoir Group, an Aberdeen, Scotland company focused on down-hole drilling products and services. Principals of ClearRidge were CRTS' advisor throughout the M&A sale process.

SBS Industries, Inc. of Tulsa, OK acquired by Gladstone Investment Corporation (Nasdaq: GAIN).

Posted by Matthew Bristow in Mergers & Acquisitions
September 1, 2011. Gladstone Investment Corporation (Nasdaq: GAIN) announced the acquisition of SBS Industries, Inc. of Tulsa, Oklahoma. SBS Industries was advised by ClearRidge , an Oklahoma investment banking firm. SBS Industries founded in 1975 and headquartered in Tulsa, Oklahoma, is a manufacturer and value-added distributor of specialty fasteners and threaded screw products.

CRTS, Inc. of Tulsa, OK acquired by Insituform Technologies, Inc. (Nasdaq: INSU).

Posted by Matthew Bristow in Mergers & Acquisitions
July 5, 2011. Insituform Technologies, Inc. (Nasdaq: INSU) announced the acquisition of CRTS, Inc. of Tulsa, Oklahoma. Bruce Jones and Matthew Bristow of ClearRidge were CRTS' advisor throughout the M&A sale process. CRTS, Inc., is a leader in pipeline coating services based in Tulsa, Oklahoma.