Cherry Tree 2020 YTD Completed Transactions

Cherry Tree 2020 YTD Completed Transactions

10 transactions YTD, including 9 since COVID

Deal making depends on connections, collaboration, and confidence. All of these factors have been altered by COVID-19. Despite the challenges of these new working conditions, Cherry Tree has completed 10 transactions YTD. Our discussions with buyers and investors in the education, technology, industrial and consumer sectors, confirms continued interest in M&A activity. View these current transactions >

If you are interested in current market perspectives, please contact us at info@cherrytree.com.

Cherry Tree is currently seeking Managing Directors, if interested contact us at jobs@cherrytree.com

ABOUT CHERRY TREE
Cherry Tree Securities (www.cherrytree.com) is a private investment banking firm providing sophisticated corporate advisory services to middle market businesses. The firm’s services include mergers and acquisitions, private placements of debt and equity, and valuations and fairness opinions. The firm operates from its headquarters in Minneapolis, MN.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cherry Tree Advises XPrep Learning Solutions on their Partnership with PDH Academy

Cherry Tree Advises XPrep Learning Solutions on their Partnership with PDH Academy

Cherry Tree Advises XPrep Learning Solutions on their Partnership with PDH Academy

PDH Academy and XPrep Learning Solutions Announce New Partnership

PDH Academy announces it has partnered with XPrep Learning Solutions to provide market leading professional education and workforce solutions to professionals in real estate, healthcare, and specialized trades.

PDH Academy helps professionals and companies navigate regulatory training, certification, and compliance requirements to ensure success, manage risk, and increase expertise across numerous industries.

XPrep Learning Solutions has served students worldwide as a well-respected leader in the online test preparation space, delivering comprehensive professional board preparation solutions to veterinary, veterinary technician, optometry, and dental hygiene students.

“We are very excited to partner with XPrep Learning Solutions and leverage best practices to provide additional professional training to our clients,” said Mark Newcomer, CEO of PDH Academy.

“Partnering with PDH Academy is a great fit for XPrep. The additional resources and expertise that PDH brings to the table will be a huge benefit for our students. We will be able to provide an even higher level of product and service,” said XPrep VP of Operations Brian Jensen.

Eden Capital helped provide financing for the deal. Cherry Tree & Associates served as the financial advisor. Cooley LLP acted as legal advisor to Eden. Tree Line Capital Partners provided debt financing for the transaction.

About PDH Academy

PDH Academy provides regulatory training and certification to professionals and companies in real estate, healthcare, and specialized trades. The mission of PDH Academy is to help professionals start, manage, and advance their careers.

For more information, visit our website at www.pdhacademy.com

About XPrep Learning Solutions

XPrep Learning Solutions provides online test preparation solutions to veterinary, veterinary technician, optometry, and dental hygiene students. Thousands of professionals have relied on VetPrep, VetTechPrep, OptoPrep, and HygienistPrep to pass their professional board exams.

You at can learn more about XPrep Solutions at www.xprepls.com

About Eden Capital

Eden Capital is a sector-focused private equity firm backing leading management teams in education, tech, and business services companies.

For more information, visit our website at www.edencp.com

Cautionary note regarding forward-looking statements.

This announcement includes forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. Such statements are based on current expectations, and actual results may differ materially. The forward-looking statements in this announcement are subject to a number of risks and uncertainties including, but not limited to, the possibility of continuing operating losses, the ability to adapt to rapid technological change, cost and difficulties we may face in integrating the businesses of XATA and GeoLogic Solutions, dependence on positioning systems and communication networks owned and controlled by others, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products, the ability to fund future research and development activities, the ability to establish and maintain strategic partner relationships, and the other factors discussed under “Risk Factors” in Part IA, Item 1 of our Annual Report on Form 10-K for the fiscal year ended September 30, 2008 (as updated in our subsequent reports filed with the SEC). These reports are available under the “Investors” section of our Web site at www.xata.com and through the SEC Web site at www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cherry Tree Advises Scientific Learning Corporation on its Sale to Carnegie Learning

Cherry Tree Advises Scientific Learning Corporation on its Sale to Carnegie Learning

Carnegie Learning Acquires Scientific Learning Corporation to Strengthen its Digital Literacy Offerings

Transaction valued at approximately $15 million

OAKLAND, Calif. & PITTSBURGH–(BUSINESS WIRE)–Scientific Learning Corporation (OTC PINK:SCIL) (“Scientific Learning”), the leader in evidence-based online reading and language software, announced today that it has been acquired by an affiliate of Carnegie Learning, Inc. (“Carnegie Learning”), a leader in artificial intelligence for education and formative assessment, in an all-cash merger transaction valued at approximately $15 million. The combination will strengthen the education technology portfolio of both entities to further drive forward their joint mission of improving student learning outcomes through leading-edge technology built from and validated by rigorous research.

Under the terms of the agreement, Carnegie Learning acquired all of the outstanding shares of Scientific Learning common stock for a cash payment of $0.53 per share. After applying a portion of the transaction value to items noted below, the estimated total per share consideration to be received by Scientific Learning’s securityholders is approximately $0.25, which comprises a closing merger consideration of approximately $0.16 per share and an estimated additional merger consideration of approximately $0.09 per share, on a fully diluted basis. The transaction was unanimously approved by Scientific Learning’s Board of Directors, by a majority of Scientific Learning’s stockholders via written consent, and by the Board of Directors of Carnegie Learning. Scientific Learning is now a privately-owned subsidiary of Carnegie Learning and will no longer be listed on the OTC Markets.

Jeff Thomas, CEO of Scientific Learning, stated, “Through our combination with Carnegie Learning, we are pleased to deliver value to our shareholders while aligning our company with a highly complementary organization that approaches cutting-edge research and technology solutions for K-12 students with a like-minded mission-driven approach. By leveraging Carnegie Learning’s innovative technology platform, Scientific Learning will have an enhanced ability to accelerate its product development and further expand its mission of helping learners realize their full potential.”

Carnegie Learning’s award-winning adaptive personalized learning software, blended learning solutions, and professional learning services have long supported teachers and students nationwide. In today’s challenging environment, Carnegie Learning’s blended offerings are proving highly effective, particularly as schools continue to operate in a hybrid and remote learning environment. Scientific Learning’s offerings complement Carnegie Learning’s portfolio of research-based offerings that offer educators leading edge instructional software and advanced data-driven insights.

Barry Malkin, CEO of Carnegie Learning, added, “Now more than ever, students need access to adaptive personalized learning offerings. Scientific Learning’s product portfolio and long history of delivering neuroscience-based ed tech solutions directly to students around the world supports Carnegie Learning’s mission to promote student success. We are excited to partner with the Scientific Learning team and, together, continue to redefine and advance the role of technology in K-12 education.”

A portion of the transaction value was applied to fund Scientific Learning’s approximately $7.0 million in subordinated debt, other debt and certain selling and transaction-related expenses. Another portion of the transaction value has been placed in escrow to be released upon satisfaction of certain conditions and following a customary working capital adjustment period in accordance with the terms and conditions of the agreement.

About Scientific Learning

Scientific Learning is a leading SaaS education company that delivers neuroscience-based educational technologies. Scientific Learning’s programs have been used by more than three million learners in more than 2,300 K-12 schools in the United States and Canada, almost 300 private practice clinicians, thousands of students via a direct-to-consumer channel, and in over 55 countries via value-added resellers. The company’s Fast ForWord® programs cross-train foundational language and cognitive skills necessary for rapid English language development. Reading Assistant Plus™ uses speech verification technology to provide real-time corrective feedback to students as they read and speak, in a manner similar to that of an individualized language and reading coach. For more information please visit: https://www.scilearn.com

About Carnegie Learning, Inc.

Carnegie Learning is the leader in artificial intelligence in education and formative assessment. Born from more than 20 years of learning science research at Carnegie Mellon University, Carnegie Learning delivers powerful math, ELA and world language blended learning solutions, the award-winning MATHia® platform for grades 6-12, project-based digital solutions for computer science, and best-in-class K-12 professional learning services. For more information please visit: www.carnegielearning.com.

 
Scientific Learning was advised by Cherry Tree & Associates, LLC, an investment banking firm specializing in serving education technology companies. Loeb & Loeb LLP served as Scientific Learning’s legal counsel.

 

SOURCE:
Businesswire

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cherry Tree Advises GLORY on its Investment in Acrelec Group SAS

Cherry Tree Advises GLORY on its Investment in Acrelec Group SAS

Acrelec Group SAS Welcomes Glory Ltd as Major Investor

BASINGSTOKE, England–(BUSINESS WIRE)–Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of GLORY Ltd. [TYO:6457], has announced plans for a significant investment in Acrelec Group SAS, a leader in responsive self-service solutions for the Quick Service Restaurant and retail industries.

Headquartered in Saint-Thibault-des-Vignes, France with operations in a further 14 countries, Acrelec focusses on developing people-centred experiences through self-service kiosks, digital signage as well as mobile ordering and collection solutions. In addition to the front of store solutions, the company offers “whole process automation” solutions including Internet of Things data analytics, IVR, visual assessment, external data integration, and the application of AI-generated rules to drive kitchen and process optimization for Quick Service Restaurants.

With over 40,000 installations across more than 70 countries, Acrelec counts many of the world’s best-known restaurants and retail brands among its customers. Speaking about the investment, Akihiro Harada, Chief Executive Officer at Glory Global Solutions said, “We have been working with the Acrelec team for a number of years and we recognised that there was a strong fit in our cultures and ambitions as well as complementary solutions that we bring to market. We see an increasing trend where consumers want to take more control over their in-store shopping and dining experiences. Acrelec offers consumers this control, through personally and contextually responsive self-service solutions. Our investment in Acrelec will help accelerate their pace of innovation to capitalize on this trend. We will also work together to ensure continued choice in customer payment, including the integration of Glory’s cash automation solutions to extend the range of payment options for consumers using Acrelec self-order and pay kiosks.”

Motozumi Miwa, President of GLORY Ltd, said: “Our investment in Acrelec is another step in the execution of GLORY’s Long-Term Vision 2028. Acrelec’s success in self-service kiosks, click and collect solutions, and drive-through service optimization, together with their expertise in IoT and artificial intelligence, are directly aligned with Glory’s diversification and growth strategy.”

Jacques Mangeot, Co-CEO of Acrelec commented, “Today’s investment by Glory will power the next exciting step for our company and represents a great opportunity for our customers and for our team. After many years of continuous effort to answer the in-store digital needs, we are ready to drive forward the deployment of our innovative next generation ‘’smart-store’’ solutions. Our stylish, high-quality hardware will benefit from a complete suite of innovative AI software that increases revenues and leverages speed of service.”

Co-CEO Jalel Souissi adds “This investment is a strong endorsement of our business direction. We know that partnering with the highly respected Glory Group will be reassuring for our extraordinary, world-leading customers, who can be certain Acrelec will continue to serve them with passion, devotion, and continuous innovation. Glory’s approach to the investment is also a fantastic opportunity for our team members, who will be enriched by new experiences and projects while they continue to live the Acrelec values of agility, customer proximity and innovation that have made us successful.”

Glory’s investment in Acrelec is subject to review by Acrelec’s employee representatives, and applicable competition authorities.

About ACRELEC

Acrelec is a global technology company focused on reinventing the customer experience for restaurant and retail brands. Leveraging decades of software, hardware and service expertise, we develop and integrate new platforms that increase customer engagement, optimize efficiency and improve operations.

Our 900 employees around the globe collaborate with our customers and partners to design, create and build the world’s leading smart stores. Never satisfied with the status quo, our passion is in delivering breakthroughs that drive business results.

About GLORY

As a global leader in cash technology solutions, we provide the financial, retail, cash center and gaming industries with confidence that their cash is protected and always working to help build a stronger business.

Our cash automation technologies and process engineering services help businesses in more than 100 countries optimize the handling, movement and management of cash. While we span the globe, we personally engage with each customer to address their unique challenges and goals — enhancing staff efficiency, reducing operating costs and enabling a more rewarding customer experience.

Employing over 10,000 professionals worldwide with dedicated R&D and manufacturing facilities worldwide, GLORY is built on a rich customer-focused, technology-driven heritage spanning almost a hundred years.

For further information please visit www.glory-global.com or follow us on Twitter: http://twitter.com/glory_global.

Contacts

GLORY
Paul Race
Director of Global Marketing
+44 (0) 7887 052366
paul.race@glory-global.com

SOURCE:
Businesswire

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC

Cherry Tree advises Advance Equipment Company in its sale to the Morwest Group of Companies.

Cherry Tree advises Advance Equipment Company in its sale to the Morwest Group of Companies.

Morwest Acquires Advance Equipment Company

SOURCE:
advancecos.com

We are excited to announce that, effective May 1, 2020, Advance Triwest Equipment, Ltd. has acquired Advance Equipment Company. Advance Triwest Equipment Ltd. is part of Morwest Group which includes Morwest Crane and Service out of Calgary, Canada and Triwest Crane out of Seattle, Washington. https://morwestcraneandservices.com

Advance Equipment Company and Morwest Crane and Services have been working together on projects, both in the U.S. and in Canada for more than 32 years.

 The Advance Shoring Company and the Advance Specialties Company remains under the same prior ownership, so nothing has changed with them.  
With this change, we will have a much more extensive inventory and range of Wolff Tower Cranes. 
We will still be offering our extensive fleet of Champion Hoist as rentals and service. 

Advance Triwest Equipment, Ltd. has also taken over the Putzmeister Dealership and territory from Advance Equipment Company. We will be offering the same award-winning sales and service of the Putzmeister Concrete Pump and Telebelt lines, as we have done for the last 30+ years.  
All of Advance Equipment Company’s employees have been transferred to Advance Triwest Equipment Ltd., so there should be no change in the experienced crew that will be there to support you on all of your projects.  
We invite you to reach out to our Integration Manager Frazer Rasmussen @ 346-236-5899 framussen@advancetriwest.com if you have any questions, or contact your existing Advance contact.  
 
Sincerely, 
Advance Triwest Equipment, Ltd. & Advance Equipment Company 
 
We are still operating out of our original Advance Equipment Company location @ 1400 Jackson Street, St. Paul, MN 55117, but we do have new landline phone numbers, and new email addresses (all of our cell #’s have remained the same): Main landline: 612-248-9009     

Cherry Tree & Associates provides investment banking services through our FINRA-licensed broker dealer.

DISCLOSURES
FINRA
SIPC