Joe Kenny

Ziegler is pleased to announce its role as exclusive financial advisor to MFA Tennessee Holdings on the sale of Asbury Place Maryville, a 117-unit entrance fee community located in Maryville, Tennessee, a joint venture between McFarlin Group and Artisan Capital Partners. HutsonWood, a not-for-profit, mission-driven senior-living and housing organization founded in 1988, purchased the property and took over operations. https://bit.ly/47rs3S3

20

2 Comments

Ziegler is pleased to announce its role as exclusive financial advisor to RMS Healthcare Management, LLC (Med First) on its strategic partnership with Community Care of North Carolina (CCNC) with the goal of strengthening independent providers serving medically underserved and rural communities. https://bit.ly/465k10x

20

3 Comments

Harris Williams recently advised Frontline Road Safety, a portfolio company of Bain Capital, on their acquisition of InfraStripe, a portfolio company of Soundcore Capital Partners. InfraStripe, founded in 2018 and headquartered in Charlotte, North Carolina, oversees a national network of trusted providers specializing in roadway safety. Its offerings include highway and runway striping, traffic control services, guardrail installation, custom barricade and sign manufacturing, product sales, and equipment rentals. This acquisition enhances Frontline’s expertise in traffic control management, traffic safety signage, and work zone services, while broadening their presence in critical regional markets. We look forward to following their future success in this next chapter. https://lnkd.in/euWsVPzk #mergersandacquisitions 

31

1 Comment

Harris Williams recently advised Frontline Road Safety, a portfolio company of Bain Capital, on their acquisition of InfraStripe, a portfolio company of Soundcore Capital Partners. InfraStripe, founded in 2018 and headquartered in Charlotte, North Carolina, oversees a national network of trusted providers specializing in roadway safety. Its offerings include highway and runway striping, traffic control services, guardrail installation, custom barricade and sign manufacturing, product sales, and equipment rentals. This acquisition enhances Frontline’s expertise in traffic control management, traffic safety signage, and work zone services, while broadening their presence in critical regional markets. We look forward to following their future success in this next chapter. https://lnkd.in/e-ztumcr #mergersandacquisitions 

9

Top 10 Aerospace Capital Raises in the U.S. – April 16th to 31st, 2025     Several interesting transactions closed in the Aerospace sector over the past two weeks. If you would like more information on these deals or would like to discuss the capital raising market for your company, please contact me. Merger/Acquisition 1.  KAM Technologies, an operator of an engineering and manufacturing firm intended for space, defense, and other advanced industrial sectors, was acquired by Vaya Space on April 29, 2025. 2.  Rosen Aviation, an operator of an aviation and aerospace company focused on the design, manufacture, and support of cabin electronics and in-flight entertainment, was acquired by Mid Continent Controls, a subsidiary of HEICO on April 21, 2025. 3.  Electronic Components, a distributor of electronic component products for the military, aerospace, medical and industrial marketplace, was acquired by Omni-Lite Industries for USD 350,000 on April 23, 2025. Later Stage VC 4.  True Anomaly, an operator of a fully integrated technology platform intended to offer space security and protect the freedoms and interests of the country, raised $260 million in Series C venture funding through a combination of debt and equity on April 30, 2025. 5.  JetZero, a developer of an advanced aircraft designed to improve efficiency and operational versatility, raised venture funding from United Airlines Ventures on April 24, 2025. 6.  Electra.aero, a manufacturer of hybrid-electric aircraft intended for sustainable urban and regional mobility, raised $115 million in Series B venture funding in a deal led by Prysm Capital on April 21, 2025. Early Stage VC 7.  Northwood, a developer of an ultra-wideband gateway technology designed to expand access to space by transforming satellite backhaul infrastructure, raised $30 million through a combination of Debt and Series A venture funding in a deal led by Andreessen Horowitz and Alpine Space Ventures on April 22, 2025, putting the company’s pre-money valuation at $77 million. Seed Round 8.  Leap, an operator of an earth-to-earth in-space manufacturing company intended to provide launch, creation, and recovery services for space-crafted goods, raised seed funding from One funds on April 23, 2025. 9.  Theseus, a developer of visual navigation system (VNS) intended to retrofit onto any drone that mimics a GPS, raised $4.3 million in seed funding in a deal led by First Round Capital on April 17, 2025. 10.  Union Technologies, a manufacturer of energetic products intended to modernize and advance munitions, propellants, and related technologies, raised $50 million in seed funding in a deal led by Regulus Global and BVVC on April 30, 2025.   #castleplacement #capitalraising #privateequity #venturecapital #investment #aerospace

31

28 Comments

The aerospace and defense industry is evolving fast and smart buyers and sellers are paying attention to policy, technology, and long-term demand. In this week’s episode of the M&A Mastermind Podcast, I sat down with Meghan Welch, Managing Director at Brown Gibbons Lang & Company (BGL), to talk about what’s happening right now in the aerospace and defense sector and where the market is heading. We discussed current M&A activity, how geopolitical and policy shifts are influencing deal flow, and why technological innovation continues to reshape opportunities across the industry. Meghan also shares insight into what strategic buyers are looking for and how companies can position themselves for growth or a future transaction. Even if you’re outside aerospace and defense, this conversation offers a great look at how macro trends and technology are driving M&A activity across industries. 🎧 New episodes drop every week at 9:00 AM. https://lnkd.in/gkUH5t3m #podcast #mergersandacquisitions #businessowners #defense #aerospace

19

Harris Williams recently advised Frontline Road Safety, a portfolio company of Bain Capital, on their acquisition of InfraStripe, a portfolio company of Soundcore Capital Partners. InfraStripe, founded in 2018 and headquartered in Charlotte, North Carolina, oversees a national network of trusted providers specializing in roadway safety. Its offerings include highway and runway striping, traffic control services, guardrail installation, custom barricade and sign manufacturing, product sales, and equipment rentals. This acquisition enhances Frontline’s expertise in traffic control management, traffic safety signage, and work zone services, while broadening their presence in critical regional markets. We look forward to following their future success in this next chapter. https://lnkd.in/eNrNr-pK #mergersandacquisitions

11

We just shared a blog about preparing and presenting a manufacturing business in the sell-side process as a platform acquisition. While many companies that go to market will sell, not all qualify as platform acquisitions. This can make the difference on your multiples, exit strategy, future value of roll over equity, and the types of financial firms that would be interested. What do you believe makes a company "platform-ready"? https://lnkd.in/eNWEjp2Y #Mergers #Acquisitions #investment #investmentbanking #Sellside

24

REAG served as the sell-side advisor to New Angle Beveling on its transition of ownership to Aldora Aluminum and Glass Products. This transaction represents a multigenerational family business finding a strategic buyer committed to preserving its legacy while providing the platform for continued growth. In lower middle market M&A, identifying buyers who understand the importance of legacy and culture — not just financial returns —often guides the success of a transition. New Angle Beveling is a Pennsylvania-based glass fabrication business specializing in beveling, edgework, and custom glass solutions. Founded in 1982, NAB has established strong relationships across the architectural and specialty glass markets. Aldora Aluminum and Glass Products, headquartered in Coral Springs, Florida, brings complementary capabilities in aluminum framing systems and glass products. The acquisition expands Aldora's Northeast presence and creates operational synergies in the architectural glass segment. Transaction highlights: • 40+ year glass fabrication business with specialized beveling capabilities • Strategic buyer looking to expand U.S. footprint and product offerings • Cross-border transaction (Pennsylvania seller / Florida buyer) • Cultural alignment on customer service and quality standards Learn about this transaction: https://lnkd.in/gwmWhVFn #MandA #GlassManufacturing #LowerMiddleMarket #REAG #lowermiddlemarket

25

Working capital adjustments are full of technical traps. One that regularly catches vendors out is intra-month working capital. Target working capital is usually set by averaging month-end positions over the last 6–12 months. The issue is that month-end balances are just a snapshot in time. Diligence teams now routinely assess how working capital moves through the month, not just where it lands on the last day. That typically means analysing daily cash movements from bank statements to understand the true average position. A common example: customers have largely paid by month end, while payroll goes out in the first few days of the following month. Cash looks strong at month end, while working capital is at its lowest. Buyers will adjust the target to reflect the average position across the month, not the snapshot presented. In some businesses this can move the working capital target materially and result in an unexpected value transfer at completion. Be on the front foot with intra-month analysis and control the narrative, rather than letting the buyer’s diligence team do it for you. #MergersAndAcquisitions #Deals #WorkingCapital

14

2 Comments

📣 Highland Rim Capital Closes First Fund Above Target at $208 Million - Highland Rim Capital, a Nashville-based lower middle market private equity firm, announced the final close of its debut fund, Highland Rim Capital Partners. - The Fund exceeded its target, closing on $208 million in capital commitments from a diverse investor base, including asset managers, pensions, foundations, family offices, insurance companies, and endowments. - Highland Rim was founded by Chris Godwin, Mark Isaacs, and Matt Lane, focusing on partnering with experienced management teams in manufacturing, value-add distribution, and business services companies, primarily in the Southeast and Midwest. - The founding team has over 16 years of working experience together and is supported by Lamar Stanley and Kevin Hinkamper (focused on business development and portfolio operations) and Vice President Jack Jeffrey. - Since May 2024, Highland Rim has invested in three companies: Associated Adjusters, I-Deal Optics, and Corporate Living. - Chris Godwin, Mark Isaacs, and Matt Lane commented on the fund closing, expressing appreciation for the support of limited partners and excitement about launching Highland Rim Capital with long-time collaborators. - Christopher Maduri, Global Co-Head and Managing Director at Eaton Partners, highlighted Highland Rim’s differentiated approach and the team’s consistency and experience across economic cycles, praising the partnership. - Eaton Partners, a Stifel Financial Corp. company, served as the exclusive placement agent, and Choate, Hall & Stewart LLP served as legal counsel for the Fund.

313

38 Comments