Sterling Construction Company, Inc. (NasdaqGS: STRL) announced the completion of its public offering of 2,760,000 shares of its common stock at $18.00 per share for gross proceeds of $49,680,000. The follow-on offering priced shortly after Sterling’s acquisition of an 80% ownership interest in the Ralph L. Wadsworth Construction Co., a heavy civil construction business located [...]

Triangle Capital Corporation (Nasdaq:TCAP) announced the completion of its public offering of 1,794,000 shares of common stock at $12.00 per share for gross proceeds of $21,528,000. The base offering was increased from its original 1,300,000 shares due to strong demand. The company intends to invest the net proceeds in lower middle market companies in accordance [...]

Stonebridge Associates, a boutique investment bank serving medical technology businesses, announced today that it acted as exclusive financial advisor to Taconic Farms, Inc. (“Taconic”) in its acquisition of Xenogen Biosciences Corporation (“XenBio”) from Caliper Life Sciences, Inc. (NASD: CALP). The acquisition represents the third transaction in which Stonebridge advised Taconic, one of the largest providers [...]

by Larry Blumsack, President, Zoka Institute
Larry guest blogs a Should Have Been There column for ACG.
Tongue in cheek, with wry humor and a sparkle in his eyes, Richard Reese, Executive Chairman of the Board at Iron Mountain laid out the formula of how he built a successful company that is the industry leader. One of [...]

Monarch Financial Holdings, Inc. (Nasdaq: MNRK) announced a public offering of 800,000 shares of its 7.80% noncumulative convertible perpetual preferred stock. The offering was priced at $25.00 per share for total gross proceeds of $20,000,000. The offering was increased from its original 650,000 shares due to strong demand. Scott & Stringfellow fully exercised its over-allotment [...]

Wellesley, MA-based Tully & Holland, Inc. is pleased to announce another successful sell-side M&A assignment in the food & beverage industry sector. Tully & Holland acted as the exclusive financial advisor to the Westminster Cracker Company, Inc. and its majority shareholder, Cains Foods, L.P., in the sale of Westminster Cracker Company to a leading private [...]

Wellesley, MA-based Tully & Holland, Inc. is pleased to announce another successful sell-side M&A assignment in the food & beverage industry sector. Tully & Holland acted as the exclusive financial advisor to the Westminster Cracker Company, Inc. and its majority shareholder, Cains Foods, L.P., in the sale of Westminster Cracker Company to a leading private [...]

You’ve Gotta Kiss a lot of Frogs
So says Rick Daniels and Jeff Lucas, two members of the ACG Boston community who have collectively completed over 35 acquisitions over their careers so far.  They fessed up to having analyzed 1,000+ potential deals along the way.  That averages out to kissing nearly 30 frogs before settling on [...]

Canaccord Adams recently served as co-bookrunning manager for Telvent Git, SA’s $114 million follow-on equity offering.  The offering consisted of 4.2 million secondary shares priced at $27.25 per share.  Utilizing Canaccord Adams’ global distribution capability, approximately 25% of the shares were placed with non-U.S. investors.
Telvent is a provider of advanced communication systems that monitor and [...]