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

GroupCast/SchoolReach

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

Avtex

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

Deluxe

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

LOGICARE

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

GeoComm

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

EcoLogic