Woodstream Acquires Dynamic Solutions Worldwide, Maker of DynaTrap Insect Traps

Woodstream Corporation, a leading manufacturer and marketer of branded pest and animal control product as well as lawn and garden products, has acquired Dynamic Solutions Worldwide LLC, maker of DynaTrap insect traps. Terms of the transaction were not disclosed. Woodstream is a portfolio company of Vestar Capital Partners. >more


Cherry Tree advises Star Collaborative on its sale to Lancesoft

The owner’s of Star Collaborative entrusted the right partner to advance their company to the next level. Star Collaborative engaged Cherry Tree to advise them on strategic alternatives related to the sale of the company. >more


Illuminate Education Joins Forces with FastBridge Learning, Accelerating Shared Mission to Support the Whole Child

Acquisition unites proven assessments, assessment platforms, data analytics, intuitive reporting, curated item banks and pre-built assessments, and support services

Illuminate Education, the leading K-12 student performance system, has acquired FastBridge Learning, a research-driven assessment platform that transforms the way teachers measure and monitor student progress. Together, the companies comprise educator-driven Illuminate Education. The company provides effective formative assessments and assessment platforms, data that informs instruction, and the ability for educators to build strong systems of support within their districts. >more

Cherry Tree advises Patriot Converting, Inc. on its sale to Brixey & Meyer Capital

Bixey & Meyer Capital (“BMC”) announced they have successfully completed the acquisition of Patriot Converting, Inc., a provider of custom paper converting and logistical solutions for the paper packaging industry. >more

Cherry Tree Advises Deluxe on the Acquisition of MyCorporation

Deluxe Corporation (NYSE: DLX) acquired MyCorporation, a provider of incorporation, compliance and other services to new businesses. Deluxe announced the acquisition during their quarterly earnings call on January 24, 2019. Deluxe CEO Barry McCarty commented on the acquisition: “Capturing clients at business formation, we believe, will enable us to cross-sell existing products and services, such as logo design, web design, web hosting, e-mail marketing, payroll services and more.” >more

HiGro Group portfolio company, DRS Holdings, LLC, Acquires the Assets of docuLynx

December 17, 2018—NEW YORK—(BUSINESS WIRE)—The HiGro Group LLC (“HiGro”), through its portfolio company DRS Imaging Services, LLC, has acquired a majority of the assets of docuLynx Inc., a leading provider of Document Management Software and Services. Financial terms of the transaction were not disclosed.
Founded in 2004, docuLynx provides Document Management Software and Solutions (“DMSS”) to a large number of clients across the corporate, education, healthcare and government verticals. docuLynx’ solutions span the entire lifecycle of documents to include services such as image capture and digital conversion, workflow management, document storage, and information governance. The Company manages a tenured client roster of over 200 customers nationwide and a base of over 75 employees. >more

Deluxe Corporation’s WAUSAU Financial Systems, Inc. Acquires First Data’s Remittance Processing Business

SHOREVIEW, Minn.–(BUSINESS WIRE)–Aug. 16, 2018 –Deluxe Corporation (NYSE: DLX) announced today that its WAUSAU Financial Systems, Inc. subsidiary has acquired the remittance processing business of First Data Corporation (NYSE: FDC). The business is now an integral part of Deluxe Financial Services’ growing suite of Treasury Management Solutions.

The remittance processing business acquired by Deluxe provides a robust suite of services across payment types, as well as image capture software. The solutions are designed to improve operational efficiency, reduce costs, and improve funds availability for financial institutions and corporate clients. >more

WAUSAU Financial Systems

Microsoft snaps up Minneapolis tech startup Flipgrid

MINNEAPOLIS – Flipgrid, a startup spun out of the University of Minnesota that makes a video-sharing app for classrooms, has been sold to Microsoft Corp. for an undisclosed amount.

Microsoft will retain Flipgrid’s operations in Minneapolis. It also will begin offering the startup’s product for free, the Redmond, Wash.-based software giant said in a news release.

University of Minnesota Learning Technologies Professor Charles Miller invented Flipgrid to engage students in his classroom. The product lets people create short videos around certain topics and easily share them. >more

Flipgrid logo
Microsoft logo

Adam Smith Advisors, LLC changes company name to Cherry Tree Wealth Management, LLC

Minnetonka, MN, April 12, 2018 – Adam Smith Advisors, LLC announced today that it has changed its company name to Cherry Tree Wealth Management, LLC. Adam Smith Advisors, LLC has been the wealth management business within Cherry Tree Companies and has used both the Adam Smith Advisors and Cherry Tree brand names for some time. The goal of the name change is to better leverage the strong Cherry Tree brand name, and to reflect that we are part of the Cherry Tree family of companies. 

Our business, ownership and strong team of advisors will remain the same, only our brand name is being changed. Cherry Tree Wealth Management, LLC is an independent, fee-based registered investment advisory (RIA) business. We are committed to providing a full range of wealth management services to help our clients meet all their financial and life goals.  “We are excited to change our wealth management company brand name to Cherry Tree Wealth Management, LLC.  The Cherry Tree brand name is well-known and has a positive image in the Twin Cities and Upper Midwest, due to its history of more than 30 years in business helping businesses and families in the Midwest”, says Keith Tufte, President of Cherry Tree Wealth Management, LLC.

Cherry Tree Wealth Management

Deluxe Corporation Completes Acquisition of RDM Corporation of Canada

Deluxe Corporation (NYSE: DLX) and RDM Corporation (TSX: RC) of Canada announced today that, through a wholly owned subsidiary, Deluxe has completed the acquisition of 100 percent of the stock of RDM for approximately $70 million (USD) in cash, net of cash acquired. RDM will become part of the growing suite of treasury management solutions offered by Deluxe. >more

Deluxe Corp.

Bailiwick announces partnership agreement with Norwest Equity Partners

Bailiwick, a leading IT services provider, announces it has entered into a partnership agreement with Norwest Equity Partners (“NEP”), a Minneapolis-based equity investment firm that focuses on helping to build companies into stronger industry leaders. Bailiwick’s affiliation with NEP will be structured as a strategic partnership focused on achieving long-term growth plans for the business. The management team and current owners of Bailiwick will roll forward under the new partnership and continue to operate the business as they have for 22 years. >more

Bailiwick Logo

Cherry Tree’s Dave Latzke participates as a panelist at the 11th annual Faegre Baker Daniels M&A Conference. 

M&A Conference in Minneapolis • Wed., November 16, 2016

Cherry Tree & Associates is excited to announce that one of its Managing Directors, Dave Latzke, will participate as a panelist at the 11th annual Faegre Baker Daniels M&A Conference at the Minneapolis Marriott City Center on Wednesday, November 16. One of the Midwest’s premier networking and professional development events, the conference offers attendees a unique opportunity to hear from national and local deal professionals as they provide relevant and lively discussions on M&A activity and market trends.

Dave will discuss “Tips and Tactics for Sellers and Bidders in M&A Auctions” alongside other industry leaders.

For more information, and to register, please visit the conference website. We are pleased to offer a $100 discount off the registration fee, please use the code 100MA16.

Dave Latzke
Managing Director
Cherry Tree

Deluxe Acquires Payce Payroll

Deluxe Corporation (NYSE: DLX) announced that it has acquired privately-held Payce Payroll of Towson, MD — a leading full-service provider of payroll services, including online payroll, tax filing and HR solutions. Payce serves customers in a variety of industries including hospitality, retail, and financial services.

Deluxe Corp.

Fullerton Companies Completes Sale of Fullerton Lumber

Fullerton Companies, a pioneer Minnesota lumber and building materials company, has completed the sale of its group of lumber and building materials supply centers strategically located around the Greater Twin Cities area to Arrow Building Centers, a division of Consolidated Lumber Company. >more

Fullerton Lumber

Cherry Tree advises Inno-flex Corporation on sale to Oxbow Industries

Cherry Tree & Associates investment bank announced today that it advised Beryl Corporation and its shareholders in their sale of the assets of Inno-Flex Corporation to a new company formed by management and Oxbow Industries, LLC. >more

inno-flex Corporation

Capella Acquisition of DevMountain Extends Leadership Position in Job-Ready Skills Market

Capella Education Company (NASDAQ: CPLA) today announced that DevMountain, an industry-leading coding school, has become a wholly-owned subsidiary of Capella Education Company. DevMountain’s mission is to be the most accessible and impactful software coding school in the country by bringing affordability to the highest quality, hands-on education in the software coding industry. >more

Capella Education Company

Hackbright Academy Joins Capella Education Company to Further Goal of Closing the Gender Gap in Software Engineering

Capella Education Company (NASDAQ: CPLA) today announced that Hackbright Academy, the leading non-degree software engineering school for women, has become a wholly-owned, subsidiary of the Capella Education Company. The transaction was closed on April 22, 2016 for a purchase price of $18 million paid in cash at closing. >more

Capella Education Company

Enghouse Buys CTI Group (Holdings)

Acquisition Strengthens Enghouse’s Business Support Systems and Interactive Voice Portfolio for Communication Service Providers

Markham, Ontario; Indianapolis, Indiana – December 8, 2015 – Enghouse Systems Limited (TSX:ESL) today announced through its wholly-owned subsidiary, New Acquisitions Corporation, that it has successfully completed its acquisition of CTI Group (Holdings) Inc. (“CTI”) (OTC:CTIG). >more

CTI Group

Cherry Tree advises Oak Ridge Financial Services Group on its sale to private investors

MINNEAPOLIS, MN (November 2, 2015) – Cherry Tree & Associates investment bank announced today that it advised the shareholders of Oak Ridge Financial Services Group, Inc., in their sale to Oak Ridge Acquisition Corp., a firm formed by Russell S. King and Jacob Simms. >more

Oak Ridge Financial

Deluxe Acquires Datamyx LLC

ST. PAUL, Minn.—(BUSINESS WIRE)—Oct. 19, 2015— Deluxe Corporation (NYSE: DLX) announced today that it has acquired 100 percent of privately-held Datamyx LLC (“Datamyx”), of Boca Raton, FL — a leading provider of integrated information, technology and analytics. Datamyx serves customers in industries ranging from banking, credit unions and mortgage providers to alternative finance, insurance and others. >more

Deluxe Corporation

Cherry Tree Advises Douglas Stewart Company in Recapitalization

In August of 2015 Douglas Stewart Company (DSC) announced the retirement of Cheryl Rosen Weston as its President and CEO, succeeded by Chuck Hulan, the current Chief Operating Officer. In addition to the management succession, Mr. Hulan and other senior managers have formed an ownership group that has completed a recapitalization of the company, acquiring the equity of the Rosen Weston family. >more

Cherry Tree

Cherry Tree Advises BringMeTheNews on Sale of Local Digital News Operation to Pohlad Companies Subsidiary Northern Lights

MINNEAPOLIS, MN (August 3, 2015) – Cherry Tree & Associates investment bank announced today that it advised BringMeTheNews, LLC, on the sale of its Minnesota-based local digital and broadcast news curation operation to Northern Lights Broadcasting, a subsidiary of the Pohlad Companies. >more

Cherry Tree

Elmer Baldwin joins Cherry Tree Companies’ team as Managing Director

MINNETONKA, Minn., July 14, 2015 /PRNewswire/ — Cherry Tree Companies announced today the appointment of Elmer N. Baldwin as a Managing Director in the company’s investment banking unit, Cherry Tree & Associates…>more

Cherry Tree

Lampert Lumber joins the US LBM Family of Companies

US LBM expands its presence with a leading building products distributor in the Upper Midwest

US LBM Holdings, LLC (“US LBM”)announces the acquisition of Lampert Lumber of St. Paul, MN from Dan Fesler, fourth generation owner, who will remain with the company as an advisor…>more

Lampert Lumber

BlackHawk Industrial Acquires Packaging Inc. and Expands with Three Additional Locations

BlackHawk Industrial, a marketleading distributor of metalworking, industrial, MROP, and packaging supplies, today announced the acquisition of Packaging Inc.… >more

Packaging Incorporated

Ecolab Acquires Dairy Hygiene Chemical Business

Ecolab Inc. has acquired the dairy hygiene chemical businesses of EXL Laboratories and Hypred Canada, sold under the brands A&L Laboratories, ANFO and Aspen… >more

EXL Laboratories

SchoolMessenger Announces Acquisition of SchoolReach

SchoolMessenger, a leading provider of communication solutions for the education market and a subsidiary of West Corporation, recently announced the acquisition of GroupCast, LLC, d/b/a SchoolReach, by West Corporation… >more


LaSalle Capital Acquires Avtex from Marquette Companies

LaSalle Capital, a Chicago-based investment firm, and Marquette Companies today announced that LaSalle Capital has purchased Minneapolis-based Avtex Solutions from Marquette Companies, a part of the Pohlad Companies… >more


James Dolan has Joined Cherry Tree Companies

After departing the Minneapolis-based company that bears his name, James Dolan is assuming a leadership position at the Cherry Tree. >more

Cherry Tree

Deluxe Acquires Destination Rewards

Deluxe Corporation announced that it has completed the acquisition of Destination Rewards, a leading customer rewards and loyalty program provider based in Boca Raton, Florida. This acquisition will enhance Deluxe’s suite of Customer Lifecycle Management offerings for financial institutions… >more


The Wellness Network Acquires LOGICARE Corporation

NEW YORK, NY- October 24, 2013 – The Wellness Network, parent company of The Patient Channel, The Newborn Channel, and HealthStyle Press, today announced that it has acquired LOGICARE Corporation, a leading hospital patient education software company.  >more


American CyberSystems to Acquire Analysts International Corporation

American CyberSystems, Inc. (ACS), a global information technology services company, and Analysts International Corporation (AIC) (Nasdaq: ANLY), a leading information technology services company, today announced they have signed a definitive agreement under which ACS will acquire AIC in a transaction valued at approximately $35.0 million.  >more

Analysts International

GeoComm Selects Granite Equity as Long-Term Growth Partner

Granite Equity announced today an investment in and partnership with GeoComm, Inc. As part of the transaction, Granite Equity purchased stock from and exchanged units for stock with the retiring founder to become GeoComm’s majority owner. Granite Equity also invested cash to fuel the company’s continued growth and geographic expansion.  >more


Nelson Global Products Announces Strategic Acquisition of Water Works LLC To Bolster Its Strong End Market and Product Lineup

Nelson Global Products Inc., a global leader in the design and manufacture of tubular and exhaust products for commercial vehicle markets, has acquired Water Works Manufacturing located in Cambridge, MN. Water Works also has two subsidiaries; Cambridge Metals and Plastics (CMP), located in Cambridge, MN and, Interlaken Technology Corporation (ITC), located in Chaska, MN.  >more

Water Works

Valley Craft, Inc. acquired by Minnesota Businessman Dennis Campbell

Valley Craft Industries, Inc., a company newly formed by Minnesota businessman Dennis Campbell, announced today that it has acquired substantially all of the assets of Valley Craft, Inc., a former division of Liberty Diversified International (LDI).  >more

Valley Craft

Deluxe Acquires OrangeSoda

Deluxe Corporation announced it has acquired OrangeSoda, Inc., a leading internet marketing services company specializing in search, mobile, and social media campaign strategies for small businesses. >more

Deluxe Corp

Titan Machinery Announces Closing of Convertible Senior Notes Due 2019

Titan Machinery Inc. announced the closing of its previously announced private offering of $150.0 million aggregate principal amount of its 3.75% convertible senior notes due 2019, which includes $15.0 million aggregate principal amount of notes issued pursuant to the initial purchasers’ exercise in full of their over-allotment option. >more

Titan Machinery

Landis+Gyr Acquires Remaining Stake in Ecologic Analytics

Landis+Gyr, the leading global provider of integrated energy management products, today announced that it has completed the transfer of ownership for all of the remaining stock of Ecologic Analytics, bringing Landis+Gyr’s ownership to 100%. The terms of the transaction will not be disclosed. >more