July 31, 2024 1876 Partners Fund I, LP (“1876 Partners”), acquired Maverick Document Signings, Inc. (“Mavsign”), the technology leader in remote document closing and fraud detection and mitigation services for motor vehicle dealerships in the United States. Mavsign has earned a robust reputation over the past 17 years as a pioneer in remote vehicle transactions, assisting dealers to streamline closings and mitigate fraudulent transactions with its VerifyID technology. Additionally, Mavsign provides the largest mobile notary network with 13,500 validated notaries and 3,500 active notaries covering every state in tandem with its industry leading technology. The company’s commitment to … [Read more...]
Colonnade advises HIMSS Analytics on the sale of its data services business to Definitive Healthcare
FRAMINGHAM, MA – January 16, 2019 – DEFINITIVE HEALTHCARE, the leading provider of data, intelligence, and analytics on the healthcare provider market, announced today that it has acquired the data services business and assets of HIMSS ANALYTICS, which includes the LOGIC, PREDICT, ANALYZE and CUSTOM RESEARCH products. Today’s acquisition builds on the Company’s articulated growth strategy to deliver the most reliable and consistent view of healthcare data and analytics available in the market. “HIMSS Analytics has developed an extraordinarily powerful dataset including technology install data and purchasing contracts among other leading … [Read more...]
Colonnade Advises Chicago Deferred Exchange Company, a portfolio company of Prairie Capital, on its sale to Wintrust
ROSEMONT, Illinois, and CHICAGO, Illinois – December 14th, 2018 -- Wintrust Financial Corporation (Wintrust) (Nasdaq: WTFC) announced today the acquisition of Elektra Holding Company, LLC (Elektra), the parent company of Chicago Deferred Exchange Company, LLC (CDEC). CDEC is a premier provider of Qualified Intermediary services (as defined by U.S. Treasury regulations) for taxpayers seeking to structure tax-deferred like-kind exchanges under Internal Revenue Code Section 1031. Under IRC Section 1031, a taxpayer may defer the gain on the sale of certain investment property if the taxpayer utilizes the services of a Qualified Intermediary. CDEC has successfully facilitated … [Read more...]
Colonnade advised Susquehanna Bank on strategic alternatives for its retail insurance agency, The Addis Group
July 2015 - Colonnade advised Susquehanna Bank and its retail insurance agency, The Addis Group, on strategic alternatives. … [Read more...]
Colonnade Securities advises TD Bank, N.A. on the sale of TD Insurance, Inc. to USI Insurance Services
August 2012 USI Insurance Services ("USI") has entered into a share purchase agreement to acquire TD Insurance, Inc. ("TDI Inc."), a wholly-owned US subsidiary of TD Bank, N.A. TDI Inc. is one of the largest bank-owned insurance agencies and brokerage firms in the US offering a wide range of insurance and employee benefits products and services. This acquisition is expected to contribute $58.2 million in revenues to USI on an annual basis. The acquisition is expected to close by the end of September 2012 subject to, among other customary conditions, expiration or termination of the waiting period (and any extension thereof) under the Hart-Scott-Rodino Antitrust Improvement Act of 1976, as … [Read more...]
Colonnade advises Clairvest on its investment in Linen King
October 2011 Clairvest Group Inc. (TSX:CVG) and its affiliates (“Clairvest”), a Toronto-based private equity management firm, have made a growth equity investment in Linen King LLC, an Oklahoma-based textile rental services company that provides commercial laundry services to the healthcare and hospitality industries. “Our team has followed the textile rental industry for a number of years. We are excited by the opportunity to partner with a strong and ambitious management team led by the founders of the Company who will continue to own a meaningful percent of the company. Linen King has an outstanding reputation for reliability and customer service and we look forward to working with … [Read more...]
Colonnade advises Koontz-Wagner on the sale of its subsidiary South Bend Controls to Curtiss-Wright Corporation
In October 2011, Koontz-Wagner sold its subsidiary, South Bend Controls, to Curtiss-Wright Corporation (NYSE:CW). South Bend Controls is a leading designer and manufacturer of highly engineered flow control components for mission-critical applications in the aerospace, space, medical and industrial markets. Koontz-Wagner is a portfolio company of High Street Capital and Aldine Capital Partners. Curtiss-Wright is a diversified global provider of highly engineered products and services in the areas of motion control, flow control, and metal treatment. Terms of the transaction were not disclosed. Colonnade Securities LLC advised Koontz-Wagner and South Bend Controls on the transaction. … [Read more...]
Colonnade Advises Gamber-Johnson on its Sale to Leggett & Platt
March 2007 Leggett & Platt Commercial Vehicle Products Group Acquires Gamber-Johnson CARTHAGE, MO - 03/06/07- Leggett & Platt (NYSE: LEG) has acquired Gamber-Johnson, LLC, a leading assembler of rugged docking stations and vehicle mounts. Gamber-Johnson will further diversify Leggett’s commercial vehicle products business. Colonnade Advisors LLC, a Chicago-based investment bank, served as exclusive financial advisor to Gamber-Johnson in the transaction. “We are delighted with this acquisition. We believe that Gamber-Johnson offers profitable, near and long-term growth prospects and is consistent with our strategy of growth through diversification within complementary markets,” … [Read more...]
Colonnade advises Hubbard One on its sale to The Thomson Corporation
In July 2004, FindLaw, a business unit of The Thomson Corporation (NYSE:TOC; TSX:TOC), completed the acquisition of Hubbard One LLC. Hubbard One is a leading provider of online marketing applications and services to large law firms. FindLaw is a leading provider of online legal information for the legal community, businesses and individuals. Terms of the transaction were not disclosed. The combination of Hubbard One and FindLaw creates the legal industry’s broadest, most comprehensive and first fully integrated suite of integrated business and marketing applications for law firms. Colonnade Advisors LLC served as financial advisor to Hubbard One. … [Read more...]
Colonnade advises Engineering Animation on its sale to Unigraphics Solutions
In October 2001, Unigraphics Solutions (NYSE:UGS) acquired Engineering Animation (NASDAQ:EAII) for $13.75 a share cash. The total purchase price is $205 million. The acquisition price is a 24.3% premium to EAI’s last closing price and a 33.3% premium to its average closing price for the past six months. The acquisition is valued at 2.7x trailing 12 month revenues. EAI is a leader in Internet-enabled visual process management, collaboration, analysis and communications solutions for extended manufacturing enterprises. Unigraphics Solutions is a leading provider of collaborative product development software and services. Colonnade Advisors and Goldman Sachs served as financial advisor to … [Read more...]