Cherry Tree Advises Creative Learning Systems in Recapitalization by Brass Ring Capital

Cherry Tree Advises Creative Learning Systems in Recapitalization by Brass Ring Capital

Cherry Tree Advises Creative Learning Systems in Recapitalization by Brass Ring Capital

Transaction Description

Creative Learning Systems sold a majority equity interest to Brass Ring Capital. Creative Learning Systems is the leading provider of engaging, turn-key STEM Labs in K-12 schools across the U.S. STEM Labs engage students in learning core 21st century skills in the fields of Science, Technology, Engineering, and Mathematics. Brass Ring is a private investment firm focused on partnering with leading businesses in growth markets.

Cherry Tree’s Role

Cherry Tree was retained by Creative Learning Systems to advise the owners Gary Nelson and Matt Dickstein on their strategic alternatives, as Gary was planning his retirement. It was important to Gary and Matt any outcome protect the culture, customers, and employees of the company, while supporting their strategic plan and not disrupting their rapid growth. Cherry Tree advised the company through a process that included introductions and discussions with numerous potential acquirers and financial partners, soliciting proposals, negotiating terms, supporting the due diligence process, and facilitating the closing of the transaction.

About Creative Learning Systems

Creative Learning Systems, based in Longmont, CO, is the leading provider of engaging STEM and digital media programs for elementary, middle and high schools. The company calls these fully-integrated learning environments, SmartLabs™. Since creating the first technology lab in a U.S. school in 1987, Creative Learning Systems has pioneered STEM and digital media arts programs in K-12 education. Together with its partner schools across the country, Creative Learning Systems puts technology in the hands of students and engages them with personalized, problem-based learning. Additional information about Creative Learning Systems can be found at www.creativelearningsystems.com.

About Brass Ring Capital

Brass Ring Capital, founded in 2004, is a private investment firm focused exclusively on ownership transitions and growth initiatives. Their approach targets acquisitions and recapitalizations that provide liquidity solutions for owners and resources for managers to empower promising emerging companies. Brass Ring is currently investing via its second equity fund into companies with revenue between $5 and $50 million. The Brass Ring approach to business ownership transitions is collaborative, striving to meet the goals of both business owners and managers. Throughout the firm’s history it has demonstrated an ability to close deals and position companies for success, and provide the necessary resources and depth of experience to grow companies post-transaction. For more information on Brass Ring, visit www.brassringcapital.com.

About Cherry Tree & Associates

Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises Bailiwick on its Significant Investment from Norwest Equity Partners

Cherry Tree Advises Bailiwick on its Significant Investment from Norwest Equity Partners

Cherry Tree Advises Bailiwick on its Significant Investment from Norwest Equity Partners

Bailiwick announces partnership agreement with Norwest Equity Partners

Chaska, MN – (March 6, 2017) – Bailiwick (or the “Company”), 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.

Founded in 1995, Bailiwick provides best-in-class design and deployment of IT solutions for Fortune 100 and 500 companies customized to their unique needs. As a partner to leading corporations, Bailiwick professionally manages technology integration of complex, large-scale IT initiatives. The Company’s solutions include wireless design and implementation, new site opening installations and on-going maintenance, merger and acquisition integrations, hardware asset lifecycle programs, IPVS/CCTV implementation and maintenance and fast-moving technology deployments. Bailiwick’s professional services include engineering, configuration, project management, maintenance, and asset lifecycle management, and its installation services include cabling, electrical, and all platforms of equipment from POS to kitchen systems. The Company is proud to serve customers within the retail, financial, logistics & manufacturing, and quick-serve and fast casual restaurant industries.

Bob Marko, Bailiwick President and CEO, stated, “Bailiwick concluded 2016 with record revenues and earnings, continuing our strong growth performance averaging 20.5% over the past three years. We believe we can grow and innovate in more dynamic ways with the right financial partner. This is the first time in our 22-year history that we are partnering with an investor to help us accomplish this vision and we could not be more thrilled to be doing so with NEP. Our partnership agreement is a direct reflection of the strength of our team and the business we have built, and we are excited to further accelerate our ideas for servicing customers with NEP by our side. “

NEP and Bailiwick complement each other well as each share Midwest roots and longevity in Minnesota. The business operating philosophies are synergistic and Bailiwick is excited to leverage NEP’s experience in business services, operating partner resources, as well as working in partnership with management-owned businesses. NEP has a proud history of selecting only the best organizations in the marketplace and helping them achieve significant growth and industry leading positions.

Tom Schauerman, NEP Partner, stated, “Bailiwick’s solid business model, industry-leading management team, and customer centric approach differentiates them amongst their competitors. Bailiwick has done a great job to earn an admirable reputation as a highly-valued business services provider, and we look forward to working together with the team to leverage their existing growth momentum to further build and grow the Company for the future.”

NEP’s capital is a significant milestone that will help Bailiwick add incremental service offerings, expand its customer base, and enable the Company to consider add-on acquisitions to broaden both geographic reach and offerings. Led by a strong and cohesive management team, Bailiwick has built its reputation from a foundation of a high quality, customer centric operational excellence and maintaining a strong company culture defined by trust, innovation, consistency, and knowledge.

It takes a great team to reach partnerships that are successful. Bailiwick would like to thank their team; Cherry Tree & Associates who advised Bailiwick on the transaction; Jeff Fenske of Fenske Law Office, PC and Bill O’Brien of DeWitt Mackall Crounse & Moore who provided legal co-counsel to Bailiwick and its management team; Larry Mohr of Baker Tilly provided tax and accounting advisory; Lindquist & Vennum provided legal services for NEP; BMO Capital Markets and Ally Corporate Finance served as senior lenders.

For more information, please visit www.bailiwick.com and www.nep.com.

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Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises North Central Truck Accessories, Inc. on its Sale to Toys For Trucks, Inc.

Cherry Tree Advises North Central Truck Accessories, Inc. on its Sale to Toys For Trucks, Inc.

Cherry Tree Advises North Central Truck Accessories, Inc. on its Sale to Toys For Trucks, Inc.

Transaction Description

Toys For Trucks, Inc. announced that it has successfully completed its acquisition of North Central Truck Accessories, Inc. (NCTA).

Cherry Tree’s Role

Cherry Tree was engaged by NCTA to advise the company on its strategic alternatives related to the sale of the company. Cherry Tree led the process that included introductions and discussions with numerous potential acquirers and financial partners, soliciting proposals, negotiating terms, supporting the due diligence process, and facilitating the closing of the transaction.

“The Cherry Tree process provided us a great buyer who is an excellent strategic fit with our company.  Cherry Tree’s experience and skills were key to us closing this transaction which resulted in a very successful outcome for our ESOP participants and our customers.” -Tim Ross, President of NTCA.

About North Central Truck Accessories, Inc.

North Central Truck Accessories, Inc. is a leading distributor of aftermarket truck accessories including grills, floor mats, lighting, truck bed toppers, truck bed accessories, hitches and winches, and other exterior and interior truck accessories. The company serves the automotive dealership market throughout the Upper Midwest. North Central Truck Accessories was spun out of a parent company in 1999 as an ESOP and is headquartered in St. Joseph, Minnesota. For more information, please visit www.ncta-inc.com.

About Toys For Trucks, Inc.

Toys For Trucks, Inc. is an industry leader in the specialty retail business for sales and installation of car, truck, van, SUV, and jeep accessories. It has six retail stores located in East-Central Wisconsin that offer onsite installation of a wide selection of accessories for both retail and commercial customers. Toys For Trucks was founded in 1989 and is head quartered in Appleton, Wisconsin. Further information about Toys For Trucks is available at  www.toysfortrucks.com.

About Cherry Tree & Associates

Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises Deluxe Corporation on Acquisition of Data Support Systems, Inc.

Cherry Tree Advises Deluxe Corporation on Acquisition of Data Support Systems, Inc.

Cherry Tree Advises Deluxe Corporation on Acquisition of Data Support Systems, Inc.

Transaction Description

Deluxe Corporation (NYSE:DLX) acquired Data Support Systems, Inc. (“DSS”), based in Omaha, Nebraska. DSS provides back office payment processing, dispute management, and case management automation solutions for all types of transactions for financial institutions and retailers. This acquisition will enhance Deluxe’s extensive suite of services for financial institutions, utilizing the proprietary DSS technology platform.
 

Cherry Tree’s Role

Cherry Tree was engaged by Deluxe to advise the company in its acquisition of DSS, working with their Wausau Financial Services business and the corporate development team in evaluating the business case, negotiating the terms of the transaction, providing financial modeling and valuation analysis, supporting the due diligence process, and facilitating the closing of the transaction. 
 

About Deluxe Corporation

Deluxe is a growth engine for small businesses and financial institutions. Nearly 4.6 million small business customers access Deluxe’s wide range of products and services including customized checks and forms, as well as web-site development and hosting, email marketing, search engine optimization and logo design. For financial institutions, Deluxe offers an expanding suite of customer lifecycle management solutions that include industry-leading check program management, customer acquisition including targeting & campaign services, account activation & retention, fraud, security, and risk management services. Deluxe is also a leading printer of checks and accessories sold directly to consumers. For a company profile, please visit www.deluxe.com.
 

About Data Support Systems, Inc.

DSS develops, sells, and supports the industry-leading TRIPS Suite, which is a fully integrated and image based set of back office process automation and case management solutions for all types of transaction and dispute processing in financial institutions and retailers of every size. DSS products include universal payments solutions for exceptions processing, incoming and outgoing returns, image exchange, adjustments, dispute processing, domestic and international collections, archive, and web delivery/decisioning. DSS is headquartered in Omaha, Nebraska. For more information, please visit www.datasupport.com.
 

About Cherry Tree & Associates

Cherry Tree & Associates, LLC is a private investment banking firm headquartered in Minneapolis, Minnesota, specializing in serving entrepreneurially-managed companies. Founded in 1980, the firm provides financial advisory engagements for buyers, sellers, and companies seeking growth capital, and provides fairness opinions and other valuation services.

Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises Deluxe Corporation on Acquisition of Payce, Inc.

Cherry Tree Advises Deluxe Corporation on Acquisition of Payce, Inc.

Cherry Tree Advises Deluxe Corporation on Acquisition of Payce, Inc.

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.

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Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.

Cherry Tree Advises Fullerton Companies on its Sale of Fullerton Lumber–”The Builders Choice” Supply Centers

Cherry Tree Advises Fullerton Companies on its Sale of Fullerton Lumber–”The Builders Choice” Supply Centers

Cherry Tree Advises Fullerton Companies on its Sale of Fullerton Lumber–”The Builders Choice” Supply Centers

Fullerton Companies Completes Sale of Fullerton Lumber—’The Builders Choice’ Supply Centers to Regional Retail Lumber Chain

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.  Announcement of the sale of Fullerton’s centers, including stores in Watertown and Glencoe, Minnesota, and the operations at Ellsworth and Osceola, Wisconsin, was made by David Walock, president of Fullerton Companies.

Commenting on the acquisition, Ron Schumacher, president and chief executive officer of Arrow Building Centers, praised Fullerton’s long history and outstanding reputation in the building materials supply industry, and called the acquisition of Fullerton Lumber’s supply centers “a great fit for Arrow’s current and long term plans.”

Marna Fullerton, chairwoman of the 134-year old Minnesota Company said “For more than a century, our family has been executing a successful business that remains focused on serving our customers and driving growth in the building industry.”  “Our decision to move on from the lumber and building materials business was led by a strategic desire to focus on Fullerton’s rapidly growing factory-fabricated building systems and products business”.

“The sale of our building supply centers allows us to further support, with all of our resources, the growth and evolution of our two subsidiary companies operating at the leading edge of construction industry techniques—Fullerton Building Systems, a premier provider of panelized building packages, and Fullerton Finish Systems, the leading U.S. manufacturer of custom exterior factory-applied finishes for the construction industry”.

Fullerton Companies has emerged as an innovative, technological pioneer in the design and manufacture and a national leader in delivering “quick build” facilities for major national franchisors and food retailers, convenience store, and other retail centers such as McDonalds, Starbucks, Taco Bell, Costco, Panera Bread, Church’s Chicken, Hy-Vee, Caribou Coffee and a host of other national firms and brand names in the industry.  Fullerton Building Systems is also continuing to pursue additional growth in other strategic markets such as multi-family, hospitality and medical.

Fullerton Companies remains positioned and committed to the development of advanced building techniques and materials for the construction industry into the 21st Century.

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Cherry Tree & Associates (located in Minneapolis, MN) provides investment banking services through our FINRA-licensed broker dealer.