Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, McVeigh Associates by Fourth Wall Events and WorldTek Events.
McVeigh Associates, located in Long Island, New York, is an industry leader in strategic meeting management, has been named to the “CMI 25” list since 2007 [an annual listing of the largest and most influential full-service meeting and incentive travel management companies]. For more than 28 years, McVeigh Associates has partnered with top Fortune 500 companies by delivering customized, enterprise-wide, comprehensive meeting and group travel management services and value- added branding for their global clients’ international meeting efforts.
“Creating this synergy with the like-minded and highly respected industry veterans that we have at the table will only provide a more robust global solution for our clients moving forward,” said Frank McVeigh, former President & CEO of McVeigh Associates.
Fourth Wall Events in New York City and WorldTek Events in New Haven CT have merged and together, the combined companies have formed McVeigh Global Meetings and Events, LLC.
The unique blending of corresponding services (venue sourcing, logistics, association management, sponsorship sales, audio/visual, production and air travel management) will provide the MICE industry with a centralized platform to fulfill meeting and events business needs on a global scale.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, AVFX LLC ((“AVFX”) by Harbor Beach Capital, LLC.
AVFX, located in Boston, Massachusetts, provides event technology services, including audio, visual and lighting production and staging services for corporate events, trade shows, exhibits and meetings, primarily in North America.
AVFX was founded over 35 years ago by Murray Lapides who, along with AVFX’s management team, successfully grew the company from a predominantly Boston-focused audio-visual staging company into a well-recognized event technology services business supporting corporate and institutional clients throughout North America. Steve Halling, who has served as President of AVFX for the past eight years, will continue to lead AVFX going forward as CEO, and Tom Peckham, who has been with AVFX for 35 years, will continue in his role as General Manager.
“We are thrilled to announce this transaction with Harbor Beach Capital,” said Murray Lapides, former CEO & CTO of AVFX. “Brian Urbanek and his team understand the unique qualities that makes AVFX successful and bring the ability to help us grow AVFX and expand our national presence.”
Harbor Beach Capital is a private equity firm specializing in control investments, in lower middle market companies. They partner and align their interests with talented management teams to help companies reach their full potential and create long-term value. They take an active approach and commit the required resources, to each investment, to help drive growth and operating efficiencies
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, A Chemical Distributor by A U.S. Private Equity Group.
The Chemical Distributor’s customer base includes Fortune 500 and other large and medium-sized companies.
The Private Equity Group is a private investment firm with deep expertise in operations and growth enhancement in the middle market.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Ace Flooring, Inc., dba Naturally Aged Flooring, to Q.E.P. Co., Inc.
Naturally Aged Flooring, located in Moorpark, CA is a premier hardwood flooring manufacturer, importer, and distributor serving a national customer base of over 2,500 mostly independently-owned retailers and has been in business since 1976.
Q.E.P. Co., Inc., founded in 1979, is a world class, worldwide provider of innovative, quality and value- driven flooring and industrial solutions. As a leading manufacturer, marketer and distributor, QEP delivers a comprehensive line of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Stretch Internet by CE Holdco, LLC, a portfolio company of Battery Ventures, Boston, Mass.
Stretch Internet LLC, located in Gilbert, Arizona, is the #1 streaming provider in the U.S. collegiate athletic space, catering to 40% of the 1,300+ four-year schools in the major athletics organizations (NCAA and NAIA) and partnering with 32% of all collegiate conferences. In 2017, Stretch was named to the Inc. 5000 list of the fastest growing-privately held companies in the U.S.
“We are thrilled to announce the acquisition of Stretch Internet by Battery Ventures,” said Stretch Internet founder Ryan Ermeling. “When Battery first reached out to us several months back, they shared a compelling narrative about their vision for building a comprehensive college sports division, and we’re excited to become a pivotal part of that plan. Stretch Internet already has some exciting initiatives that will carry the company forward in dramatic ways, and this acquisition only accelerates that journey.”
Ryan Ermeling, who started the company in his garage in 2003, will serve in a consultative role as Battery formulates its plans for the new venture.
Battery Ventures, is a global, technology focused investment firm pursuing the most promising companies and ideas. Founded in 1983, the firm makes venture-capital and private equity investments from offices in Boston, Silicon Valley, London and Israel. Battery Ventures has invested in more than 300 companies over their 35-year history.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Athletica Sport Systems by Fulcrum Capital Partners.
Athletica Sport Systems, located in Waterloo, Ontario, is a global leader in the design, manufacture and installation of premium-quality arena infrastructure equipment, including its market-leading dasher board systems for hockey arenas and multi-sport athletic facilities.
“We are thrilled to announce this transaction and partnership with Fulcrum,” said Andrew McRae, CEO of Athletica. “Fulcrum has a long history of value creation by assisting businesses such as ours to execute strategic goals. We look forward to working with Fulcrum to pave the way for Athletica’s next phase of growth.”
Robert Naegele Jr., a driving force behind Athletica’s success, will continue to be involved with the company, contributing his vast knowledge in the sport of hockey and the business.
Fulcrum Capital Partners, (“Fulcrum”) a Canadian private equity firm focused on the Canadian lower middle market has raised and invested over $750 million in 45 platform companies. The investment was made by Fulcrum Capital’s Private Equity Fund V and marks the eighth platform investment made from Fund V, which closed in July 2015.
Woodbridge International, a global mergers and acquisitions firm, is pleased to announce the acquisition of its client, Media Response Group (MRG), a portfolio company of VSS, a New York-based private equity firm, to Oi2 Media Corp.
Headquartered in Madrid, Spain, Media Response Group is a digital marketing group with proprietary media and technology focused on Latin America. The Company’s product lines include display advertising, video streaming, mobile, programmatic and other digital marketing solutions. With over 150 million monthly users, MRG provides access to the fast-growing Spanish and Portuguese speaking markets and has the second largest reach in Latin America. Clients include many of the world’s most prestigious global brands.
Oi2 Media Corp is a leading content and services provider to the audio and video marketplace in the U.S. with a growing presence in Latin America and Europe through over a network of 1,700+ radio affiliations to over 1,000+ unique radio stations with a territorial presence in 33 countries. Oi2 Media Corp. is based in Orlando, Florida. It has operations in Latin America, Europe, and internationally.
VSS provides capital for growth financings, recapitalizations, strategic acquisitions and buyouts to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine securities and structured equity securities.