With deal news from Delta Communications, Regal Beloit and DuBois Chemicals
Avtex acquires Delta Communications
Avtex Solutions LLC of Minneapolis announced today it has acquired Waukesha-based Delta Communications Inc. Avtex is a unified communications solution provider offering multimedia contact center, IP telephony, messaging applications, enterprise-wide collaboration and emergency notification solutions.
Delta Communications designs, installs and supports technology needed for security, network optimization and network management. The Waukesha business will adopt the Avtex name, and the employees will be retained.
"This acquisition accelerates our plans to offer a broader set of solutions in the growing convergence of voice, video, data and messaging network infrastructures," said Bob Denman, president of Avtex. "With Delta Communications, we now have all the tools necessary to manage the network environment for our customers. This is an important component in total system support."
Spencer Thomason, president of Delta Communications said, "Combining the two companies will bring products and expertise from several world-class manufacturers that we feel will be a perfect fit from a product, market and cultural perspective. The Delta Communications team looks forward to greater opportunities and a prosperous future under Avtex."
Avtex, which also has offices in Milwaukee and Appleton, has made five acquisitions over the past five years.
Regal Beloit acquires Dutch distributor
Regal Beloit Corp. recently acquired Dutchi Motors B.V. in Arnhem, The Netherlands. Dutchi is a distributor of industrial motors in Western and Eastern Europe, South Africa, Russia and the Middle East. Dutchi is one of the largest distributors of Regal Beloit’s Hwada motor products, which was purchased by the company in April 2008. The Dutchi business will be reported as part of Regal Beloit’s Electrical Segment.
The business is expected to add approximately $11 million to $13 million in annual sales. The purchase price was approximately $34.0 million in cash and the assumption of approximately $3.2 million in net liabilities.
"We are very excited to announce the acquisition of Dutchi," said Henry Knueppel, chairman and chief executive officer of Regal Beloit. "The Dutchi business is a strong and growing business across Eastern and Western Europe, South Africa, Russia and the Middle East. With Dutchi joining our expanding family, we will now have in place the infrastructure necessary to significantly expand our commercial efforts in these critical regions. The company has an outstanding management team that has continuously grown the business at a multiple of market growth rates. Given this track record and the opportunities that RBC can bring to Dutchi, we are very confident that we will see accelerated growth across these regions even in light of the short-term prospects for Western Europe. We have for some time searched for a commercial infrastructure in these important geographical regions that would allow us to leverage our global manufacturing platform. Dutchi is a perfect fit to complete this portion of our globalization strategy."
Riverside Company acquires former JohnsonDiversey division
DuBois Chemicals Inc., an Ohio-based manufacturer of specialty chemicals and solutions for manufacturing, was recently acquired by The Riverside Company, a global private equity firm focused on the smaller end of the middle market. DuBois is a corporate carve-out from Racine-based JohnsonDiversey.
Terms of the acquisition were not disclosed. The Riverside Company has dual headquarters in Cleveland and New York. It has more than $2 billion in capital under management in nine funds.
