Cherry Tree Advises Villaume on its Sale to US LBM

Cherry Tree Advises Villaume on its Sale to US LBM

US LBM Acquires Villaume Industries

Leading building materials distributor expands presence in the Minneapolis-St. Paul area

 

US LBM, a leading distributor of specialty building materials in the United States, has acquired Villaume Industries, a manufacturer of wood trusses for new residential and commercial construction and of custom wood crating, boxes and pallets in Minnesota.  

Based just outside of St. Paul in Eagan, Minn., Villaume is a leading designer and manufacturer of precision wood products. The company provides floor and roof trusses for national, regional and local homebuilders in the Twin Cities metropolitan area and across Minnesota. Additionally, Villaume engineers and manufactures custom wood packaging of pallets, crates and cores for manufacturing companies.

With the addition of Villaume, US LBM now operates 21 locations in Minnesota through its network of divisions in the state, which include Lampert Lumber, NexGen and Lyman Companies; Villaume will operate as a unit of Lyman.

“Villaume has a reputation for both excellence and partnership, and we’re pleased to have them join the US LBM team,” said US LBM President and CEO L.T. Gibson. “Villaume’s capabilities and footprint complement Lyman and its addition to our portfolio enhances our already strong position in the growing Twin Cities market and beyond.”

US LBM is a leading distributor of specialty building materials in the United States. Offering a comprehensive portfolio of specialty products, including windows, doors, millwork, wallboard, roofing, siding, engineered components and cabinetry, US LBM combines the scale and operational advantages of a national platform with a local go-to-market strategy through its national network of locations across the country. For more information, please visit www.uslbm.com.

Contact:
Timothy Wirth
US LBM Communications
484-886-5705
tim.wirth@uslbm.com

 

SOURCE US LBM

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.

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Cherry Tree Advises Swanson Flo on its Sale to Motion & Control Enterprises

Cherry Tree Advises Swanson Flo on its Sale to Motion & Control Enterprises

Motion & Control Enterprises acquires Swanson Flo, Co.

With its second acquisition in the last month, Motion & Control Enterprises (“MCE”) announced on Feb. 4th that it has acquired Swanson Flo, Co. (“Swanson Flo”), a regional distributor of process instrumentation, flow control valves, actuators, and related equipment. Swanson Flo also provides critical value-added services including actuated valve assemblies, field services and shop repairs.

Based in Plymouth, MN, Swanson Flo employs 92 associates, servicing industrial and municipal markets in 13 states in the upper Midwest and beyond. That company has 4 warehouse locations in Plymouth, MN; Milwaukee, WI; Chicago, IL and Indianapolis, IN. As a division of MCE, Swanson Flo will continue to operate under the Swanson Flo name with the same leadership team, employees, and suppliers.

“The addition of Swanson Flo extends our offering of highly-engineered, technical solutions offering by providing leading flow control products and services”, said Charles Hale, Chairman & CEO of MCE. “Swanson Flo brings longstanding customer relationships and supplier partnerships, plus a highly regarded team of flow control experts. We welcome the Swanson Flo team to MCE and are looking forward to accelerated growth and continuing to bring innovative solutions to our customers.”

“The Swanson Flo team is excited to join with MCE”, said Tom Howe, CEO, and majority owner of Swanson Flo. “Our teams share a similar philosophy of providing the customer with a wide range of technical products, services and solutions. Together, we will be even better positioned to meet the ever-increasing needs of our customers and principals. With Swanson Flo’s leadership, locations and team members remaining intact, we look forward to a seamless transition.”

About Motion & Control Enterprises
Founded in 1951, MCE is a leading supplier of technical fluid power and lubrication solutions that solve customer problems across fluid connector, hydraulic, pneumatic, filtration, compressed air and lubrication technologies. The company services more than 15,000 MRO and OEM customers from 9 distribution centers and 16 retail locations across PA, MI, IN, IL, OH and WI. For more information, please visit www.mceautomation.com.

MCE is majority owned by Frontenac, a Chicago-based private equity firm that invests in middle market buyout transactions in the consumer, industrial and services markets. For more information, please visit www.frontenac.com.

About Swanson Flo
Founded in 1960, Swanson Flo provides innovative process and flow control solutions through quality equipment, experienced application expertise and a full suite of lifecycle services. For more information, please visit www.swansonflo.com.

SOURCE mceautomation.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.

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Cherry Tree Advises Lectric eBikes on an Investment by Bertram Capital

Cherry Tree Advises Lectric eBikes on an Investment by Bertram Capital.

Bertram Capital Announces Investment in Lectric eBikes

Bertram Capital (“Bertram”) announced today that it has made an investment in Phoenix, AZ-based Lectric eBikes (“Lectric” or “Company”), a leading designer and direct-to-consumer retailer of electric bicycles and accessories. Lectric represents the third investment in Bertram’s fourth fund. Terms of the transaction were not disclosed.

“Lectric has become one of the largest and fastest growing e-bike brands in the United States in just two short years. From the beginning, the Company has aimed to deliver high quality, fully featured bicycles at market leading prices. The team at Lectric accomplished this through a novel approach to design, marketing, distribution, and customer support, which has earned it thousands of highly satisfied, loyal customers,” said Ryan Craig, Partner at Bertram Capital.  “We are excited to partner with founders Levi Conlow and Robby Deziel and the entire Lectric team. They are pioneers in an industry poised for significant growth.” 

Lectric’s bikes feature functional designs, brand name components, and a growing complement of accessories. The XP, Lectric’s flagship model, has been widely praised as the best e-bike under $1,000. The Company sells all of its bike models directly through its website, www.lectricebikes.com. Customer questions and feedback are addressed by a knowledgeable US-based customer service team. 
 
“Lectric represents Bertram’s 26th investment in the ecommerce sector. The Company is a quintessential example of a profitable, entrepreneurial business that is disrupting a traditional industry with innovative products, an authentic brand, and a direct-to-consumer business model”, said Jeff Drazan, Managing Partner of Bertram Capital. “We look forward to deploying our Bertram Labs capabilities to help the Lectric team achieve its full scope of its growth ambitions.”

“Since launching our business, our bikes have primarily been marketed through word of mouth and sold through a simple website that Levi and I created over the course of a weekend. With this investment from Bertram Capital, we are thrilled to have a partner who is a leader in the ecommerce sector and brings the resources to help us achieve our vision of building great bikes for millions of people at accessible prices.” said Lectric co-founders, Levi Conlow and Robby Deziel. “The past year has been truly unique and often challenging for the e-bike industry. Through it all, we have been committed to pairing our bikes with the best customer service in the industry.”

Bertram would like to recognize the investment banking team at Cherry Tree & Associates, led by Chad Johnson, for their efforts in closing this transaction and making this partnership possible.
 
About Lectric
 Lectric eBikes is the among the largest and fastest growing e-bike brands in the United States. It was founded in 2018 by Robby Deziel and Levi Conlow, both 25 years old, who have been friends since childhood. The company is based in Phoenix, Arizona. For more information, please visit the Company’s website at www.lectricebikes.com.

About Bertram Capital
Bertram Capital is a private equity firm targeting investments in lower middle market companies. Since its inception in 2006, the firm has raised over $1.7B of capital commitments. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5 (SM) and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High-5 is an operationally-focused value creation strategy, which includes management augmentation, operational initiative implementation, complimentary business acquisition, sales and marketing improvements and leveraging technology and IP. The cornerstone of this strategy is Bertram Labs, its in-house technology team, which drives growth and value through digital marketing, e-commerce, big data and analytics, application development and internal and external platform optimization. Visit www.bcap.com for more information.

Contact
David Hellier
Bertram Capital
(650) 358-5000
pr@bcap.com

SOURCE Bertram Capital​

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.

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Cherry Tree Advises Deluxe on the Sale of Deluxe Rewards to Augeo

Cherry Tree Advises Deluxe on the Sale of Deluxe Rewards to Augeo

Cherry Tree Advises Deluxe on the Sale of Deluxe Rewards to Augeo

 

Augeo Acquires Deluxe Rewards, Expanding Its Consumer Engagement Platform and Advancing Growth Initiatives

Augeo, a leader in consumer, member, and employee loyalty and engagement solutions, announced today that it has acquired Deluxe Rewards, formerly a business entity of Deluxe (NYSE: DLX), a Trusted Business Technology™ company.

The acquisition of Deluxe Rewards, primarily located in Boca Raton, Florida, is effective December 31, 2020, and brings to Augeo, a patented, dual-currency, loyalty and engagement technology powered by an expansive collection of premium retail goods and travel services. In addition, unique experiential rewards are available to end users at significantly reduced prices. The value to end users comes from these exclusive discounts, and Augeo can now offer clients a meaningful loyalty rewards program without the accrued liability that makes such programs cost prohibitive for some organizations. 

“Often times, organizations are burdened by excessive, accrued liability in their loyalty rewards programs. The addition of Deluxe Rewards patented technology and experienced team enables Augeo to extend even greater value to current clients; all while bringing new engagement opportunities to organizations seeking alternatives to accruing the financial liability for their loyalty initiatives,” explained Tim Miller, President, Augeo Member Engagement and Benefits. 

The acquisition is another indicator of Augeo’s focus on growth, both organically and through acquisition. “We believe that challenging times create unique opportunities for companies that are agile, innovative and well-grounded financially. Since our beginning, decades ago, we have grown our client base with exceptional performance and exemplary service. We continue to grow through the acquisition of companies that offer innovative technology, experienced teams, and established client relationships,” explained Augeo CEO, David Kristal.

This acquisition was attractive to Augeo because it presents a distinct marketplace opportunity. Deluxe Rewards enables Augeo to offer a one-of-a-kind, dual-currency redemption experience for users while delivering unmatched value for clients.

Shaina Resto, Product Strategy Leader for Deluxe Rewards, and now Senior Vice President of Consumer Engagement at Augeo, explained, “We are beyond excited to join the Augeo team. Both companies have extensive experience in managing loyalty and engagement rewards programs. By combining our products and services into a seamless client experience, we can extend innovative features to all our programs. Clients will benefit from increased efficiency and users will benefit from increased redemption options.”

“A primary driver of our interest in Deluxe Rewards was a need to provide greater value to users during challenging times,” said Miller. “We believe that for years to come, consumer loyalty and engagement will be driven by value-rich offers and a flexible, responsive platform. The proprietary, ultra-efficient, dual-currency redemption technology that Deluxe Rewards brings to Augeo enables us to evolve our platform, continuing to deliver a best-in-class loyalty engagement experience.”

About Augeo
Augeo is a global leader in enterprise engagement and loyalty platforms. We help clients build value by strengthening relationships with their employees, customers, members or channel partners. Our unique consumer loyalty, employee recognition, sales incentives, virtual and live meetings, and insurance and benefits solutions help organizations elevate engagement and accelerate success. With more than 40 years of experience, Augeo serves 52 Fortune 500 companies, among hundreds of others, and supports hundreds of programs worldwide with proven platform technology. For more information, visit www.augeomarketing.com.

About Deluxe
Deluxe is a Trusted Business Technology™ company that champions business so communities thrive. Our solutions help businesses pay and get paid, accelerate growth, and operate more efficiently. For more than 100 years, we’ve been helping businesses succeed at all stages of their lifecycle, from start-up to maturity. Our powerful global scale supporting approximately 4.5 million small businesses, over 4,000 financial institutions, hundreds of the world’s largest consumer brands and processing more than $2.8 trillion in annual payment volume, positions Deluxe to be our customers’ most-trusted business partner. To learn how we can help your business, visit us at www.deluxe.comwww.facebook.com/deluxecorpwww.linkedin.com/company/deluxe, or www.twitter.com/deluxecorp.

Media Contact:
Michael Walsh
612-718-8952
michael@michaelwalshcommunications.com

SOURCE Augeo

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.

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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.

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