Mergers and Acquisitions

Florida company acquires EMSystems of Milwaukee; Grafton software firm acquired by Houston’s DiCentral Corp.; New Jersey company acquires Jefferson Electric; Weyco acquires Umi brand; Milwaukee Forge CEO’s group to purchase company from receivership

Florida company acquires EMSystems of Milwaukee

EMSystems LLC, a Milwaukee-based provider of web-based health care information technology solutions for the public health and emergency services markets, has been acquired by Intermedix Corp. of Fort Lauderdale, Fla.

EMSystems will operate under the trade name Intermedix EMSystems as a division of Intermedix Corp.

EMSystems has more than 55,000 active users across 45 states and more than 1,400 hospitals. The company’s products include real-time communications, inventory and resource management systems, patient and evacuee tracking, volunteer registry management, EMS dispatch and incident reporting, and state-wide EMS data repository solutions.

Andy Nunemaker, who has led EMSystems as chief executive officer since 2004, will serve as president of Intermedix EMSystems and, along with the EMSystems management team, will develop and market emergency healthcare technology systems for the combined companies.

Doug Shamon, chief executive officer of Intermedix Corp., said, “EMSystems’ solutions improve efficiency in the delivery of emergency healthcare. By connecting hospital emergency departments with emergency response organizations, the entire emergency health system gains interoperability and situational awareness leading to improved service delivery. The EMSystems’ suite of solutions extends Intermedix’s capabilities into the public health marketplace while further positioning the company to help bridge the gap between pre-hospital and hospital-based emergency medicine. We have significant plans to extend our technology offerings both through internal development and acquisition of best-of-breed point solutions to continue to build the most comprehensive and integrated solutions offering to emergency health care providers.”

“We are excited to be a part of the Intermedix family,” Nunemaker said. “We will have more resources and broader capabilities to offer our customers. In addition, our growing suite of technology solutions is the perfect complement to the Intermedix solutions. Both EMSystems and Intermedix have enjoyed strong reputations and leading market positions. The combined company is in a position to provide a broad range of integrated technology solutions that respond to emergency healthcare’s needs and challenges.”

 

Grafton software firm acquired by Houston’s DiCentral Corp.

Houston-based DiCentral Corp. has acquired Grafton’s BASE2 Corp., a developer of EDI software used in the supply chain for the automotive and manufacturing industries. No terms of the acquisition were disclosed.

BASE2 Corp. now has five employees, all of which were retained in the purchase. The company’s Grafton headquarters will remain open, and the company is likely to add new employees because of the merger, said Paul Gutelius, CEO of BASE2.

“BASE2 was searching for a partner who shares our passion for support of our customers, provides additional resources to expand our products and enhances our position in the market with a strong marketing presence,” he said. “We think we found that partner in DiCentral.”

 

New Jersey company acquires Jefferson Electric

Jefferson Electric Inc. of Franklin has been acquired by Pioneer Power Solutions Inc., a Fort Lee, N.J.-based manufacturer of liquid-filled electric transformers for utility, industrial and commercial applications.

Jefferson Electric manufactures and supplies dry-type transformers.

The transaction, valued at approximately $10 million, includes a combination of restricted stock and warrants issued to Thomas Klink, previously the sole stockholder of Jefferson, as well as extending the term of Jefferson’s existing credit facility.

As a result of the acquisition, Jefferson will operate as a wholly owned subsidiary of Pioneer and Klink will remain as Jefferson’s president.. Klink will also join Pioneer’s board of directors.

Jefferson recorded 2009 revenues of approximately $20 million and is expected to be immediately accretive to Pioneer’s earnings per share in 2010.

All of Jefferson’s design, engineering, sales, executive management and related support functions are performed by the company 35 employees at its headquarters in Franklin. Jefferson also recently acquired a plant in Reynosa, Mexico, and maintains a centralized warehouse location in Pharr, Texas.

Nathan Mazurek, chairman and chief executive officer of Pioneer, said, "We are also delighted to welcome Mr. Klink to our Board of Directors. He brings with him a wealth of experience and in-depth industry knowledge that will be greatly beneficial to advancing Pioneer’s long term vision. We look forward to working with him and the whole Jefferson team."

Weyco acquires Umi brand

Glendale-based men’s shoe manufacturer Weyco Group Inc. has acquired the Umi brand, a children’s footwear line, from Grafton-based Umi LLC.

"We are excited to announce the addition of Umi to the Weyco portfolio of brands," said Tom Florsheim, chairman and CEO of Weyco Group.

The Umi brand was started in 2004 by Mark Kohlenberg who previously ran the Elefanten USA children’s footwear business for 14 years.  Kohlenberg will join Weyco as president of the Umi Brand.

“Mark’s stewardship supported by Weyco’s infrastructure should provide significant opportunities to grow the Umi brand in the marketplace,” Florsheim said.

"This is a great moment for the Umi brand of children’s footwear," said Kohlenberg. "Weyco’s scale, reputation and international presence provide significant upside for future growth of Umi.  Positioning Umi in the portfolio of Weyco brands opens new doors for Umi while providing a great opportunity to work with Weyco’s sales force and distribution operations."

Milwaukee Forge CEO’s group to purchase company from receivership

DM Acquisitions LLC, group led by Dave Mesick, the current president and CEO of Milwaukee Forge, was the winning bidder to purchase the company’s assets out of state receivership.

The nearly 100-year-old company is located 1532 E. Oklahoma Ave., in the city’s Bay View neighborhood.

“Our plan is to continue to operate the business in Milwaukee and will offer jobs to all of the current 106 employees,” Mesick said. “We are cautiously optimistic that we have a plan that will allow us to grow the business and add up to 40 full-time jobs within the next two years. We are also grateful for the support of the two unions representing the Milwaukee Forge workers. We look forward to working with them and others as we implement a business plan that is focused on growth and success. Milwaukee Forge has a long and strong history of quality products and quality people. Having a strong and capable workforce with talented employees is a major benefit as we look to the future with optimism. This success is worth celebrating, but we will quickly turn our attention to the business at hand and focus our full attention on returning Milwaukee Forge to profitability.”

 

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