Mergers and Acquisitions

With deal news from Marshall & Ilsley Corp. and EMSystems

M&I acquires Miami wealth management firm
Marshall & Ilsley Corp. has reached an agreement to acquire Taplin, Canida & Habracht Inc. (TCH), a Miami-based fixed income money manager. Terms of the acquisition were not disclosed. All of the initial payment for TCH will be paid with M&I common stock.

The transaction is expected to close in the fourth quarter of the year, and the three principals of TCH will retain a portion of ownership and continue to work from Miami, where they will serve existing clients. TCH has about $7.5 billion under management. Once the transaction is complete, M&I Wealth Management will have about $32 billion in assets under management.

"We are excited to announce this strategic acquisition to expand our investment capabilities," said Kenneth Krei, M&I’s senior vice president. "(TCH’s) products complement the array of top-performing investment strategies already offered within M&I Wealth Management. Our history of successful acquisitions, strong distribution capacity, and commitment to enhancing our businesses provides a solid platform for TCH."

The Milwaukee-based law firm of Godfrey & Kahn, S.C. acted as legal advisor to M&I in the transaction, and Deutsche Bank Services served as its financial advisor.

EMSystems to acquire Texas company
Milwaukee-based EMSystems LLC announced that it will acquire Global Secure Corp., formerly known as virtual Alert, of Austin, Texas. EMSystems is an industry leader in web-based interoperable communications and patient tracking solutions. The solutions created by the combined companies will be used by more than 4,000 health care providers in 40 states, covering more than 70 percent of the U.S. population.

The Global Secure Readiness and Response Suite is the leading multi-media alerting and documentation management solution for crisis preparedness and response. The merged company will be headquartered in Milwaukee and will eventually be folded into the EMSystems name, according to Andy Nunemaker, who will remain as chief executive officer of the combined firm.

"Global Secure Systems and EMSystems have strong solutions that have been used to manage hundreds of incidents of all sizes," Nunemaker said. "Both companies share a commitment to providing reliable, robust solutions combined with excellent customer service. The combined company will be able to provide a unique integrated solution to an even wider audience."

"The synergies between these two companies make this deal very appealing for our customers," said Gary Fromm, CEO of Global Secure Systems. "The integration of the companies will allow for increased development of both current and new products. The resulting product suite will be superior to what either company could provide independently."

Fromm will not have a role in the merged company. The acquisition will result in the elimination of some duplicative jobs, but none of the eliminated jobs are in Milwaukee, Nunemaker told SBT.

"Customers are looking for integration of key preparedness and response activities including alerting and notification, collaboration, hospital evacuation, patient tracking, hospital resource management, inventory management, volunteer management, patient care reporting, and analysis," said Robert Hedgcock, EMSystems chief technical officer. "We expect the addition of Global Secure System’s Health Alert Network and Volunteer Mobilizer functionality to EMSystems’ current product suite will fill a critical need for customers that are looking for a comprehensive, interoperable, regional emergency preparedness and communication solution."

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