Debate continues to rage over whether buyout firms are somehow cheating on their deals. Are they stealing companies from hapless shareholders? Are they colluding on large transactions in a blatant violation of anti-trust laws? And if not, how else can the enormous profits so many buyout firms generate be explained? All are interesting questions that […]
Morgenthaler Partners is in advanced discussions to buy Ryan Herco Products Corp., a Burbank, Calif.
Intechra Holding Corp., a Jackson, Miss.-based has agreed to acquire three IT asset disposition companies from Chasm Corp.: EPC of Los Angeles; Market2Market of Columbus, Ohio and; SpaceFutters of Hartford, Conn. No financial terms were disclosed. Intechra is backed by Chrysalis Ventures, Clayton Associates, Richland Ventures and WestWind Partners. www.intechra.com
IP Unity Corp., a Milpitas, Calif.-based provider of carrier-grade media servers, has agreed to acquire Glenayre Messaging from Glenayre Technologies Inc. (Nasdaq: GEMS) for $25 million. IP Unity said that its investors are supporting the transaction, which is expected to close within 30 days. It has raised over $85 million in VC funding from firms […]
North America Sports Media Inc., a portfolio company of Pfingsten Partners, has acquired Premiere Sports Travel LLC, Premiere Plus LLC and Gotickets.com LLC, affiliated companies that sell travel, hospitality and ticket packages for major sporting and entertainment events worldwide. No financial terms were disclosed. www.nasminc.com
Precision Parts International, a Rochester Hills, Mich.-based manufacturer of metal-formed components, has acquired Merit Gear Corp., an Antigo, Wis.-based precision gear maker. No financial terms were disclosed. PPI is owned by First Atlantic Capital, while Merit Gear was represented on the deal by Emory & Co. www.preceisionparts.com www.meritgear.com
GroSolar, a White River Junction, Vt.
Great Hill Partners has agreed to acquire a minority interest in Freightquote.com Inc., a Lenexa, Kan.-based provider of freight transportation information, according to VentureWire and a Federal Trade Commission report. Freightquote has raised around $45 million in VC funding since its 1998 inception, from firms like Menlo Ventures and Morgan Stanley Venture Partners. It also […]
GroSolar, a White River Junction, Vt.
Primavera Systems Inc., a Bala Cynwyd, Pa.-based provider of project and portfolio management software, has acquired two companies: ProSight Inc., a Portland, Ore.-based provider of portfolio analysis solutions, and Pertmaster Ltd., a UK-based risk analysis and mitigation solutions company. No financial terms were disclosed. Francisco Partners and Insight Venture Partners acquired a majority stake in […]