Done Deals! - AM&AA Gets Results

AMAA members involved:
Brent Rippe

Rippe & Kingston Capital Advisors (RKCA) served as the exclusive Capital Advisory firm to Jim Wynn, a Michigan attorney in a recent transaction. Mr Wynn, along with an investor group, recently purchased the Arnold Transit Company, Union Terminal Piers, Straits Transit Company and associated real estate in northern Michigan. Wynn, who lives in Petoskey, Michigan chose RKCA to assist him in arranging the financing for the purchase. "I was introduced to Rippe & Kingston by mutual friends and business associates in the Cincinnati area. RKCA went above and beyond the usual duties of capital advisors. This transaction would not have come to fruition without RKCA's extraordinary efforts.," Wynn says. As a registered broker-dealer, RKCA was able to offer additional financing solutions. They arranged senior bridge financing with backing from a guarantor group so Wynn was able to acquire both the Arnold Transit Company and other entities. Arnold is the largest of three ferry service providers and the major freight transport to and from Mackinac Island, Michigan.

AMAA members involved:
Trevor Hulett

Secure Data, Inc., based in O’Fallon, Illinois, develops custom financial software applications for the United States Air Force under a number of long-term contract vehicles with various contracting command centers.

The Company also designs and implements enterprise solutions for corporate clients to automate and integrate business processes. Emtec, Inc. (OTCBB: ETEC), established in 1964, is a systems integrator providing IT services and products to the federal, state, local, education and commercial markets.

Emtec reported revenue of $223 million in 2009. SDI adds critical project-based application development capabilities for Emtec in the U.S. and will be a cornerstone of its application services practice in North America. In addition, the acquisition enhances Emtec’s presence in the Midwest. SDI is a strategic regional complement to Emtec’s current office in the Chicago suburb of Naperville, Illinois and will increase the company’s ability to offer its full portfolio of services in the region.

R.L. Hulett & Company facilitated the sale process by researching the industry, writing a Confidential Offering Memorandum, contacting hundreds of financial and strategic buyer candidates, coordinating management meetings with selected prospective acquirers, negotiating an exclusive letter of intent, coordinating due diligence, reviewing the contracts and assisting in the closing. The Seller selected, and ultimately closed, a deal with the acquirer who offered the best combination of financial, cultural and strategic fits.

Ray Kelly, SDI CEO, commented "In a challenging business environment, RL Hulett made the sale of my business possible through dedication, persistence and professionalism. The strategic sale process is very complex and I would highly recommend engaging these skilled advisors to anyone considering the sale of their company."

AMAA members involved:
Craig Allsopp

Focus Acquisition Partners acted as a consultant to the buyer.

Focus Acquisition Partners is a leading buy-side advisory firm specializing in sourcing ideal acquisition companies in the middle market for buy-out, recapitalization and growth capital opportunities.

AMAA members involved:
Craig Allsopp

Focus Acquisition Partners acted as a consultant to the buyer. Focus Acquisition Partners is a leading buy-side advisory firm specializing in sourcing ideal acquisition companies in the middle market for buy-out, recapitalization and growth capital opportunities.

AMAA members involved:
Sid Shaver

Sid Shaver, Hunter Wise, Houston, Texas advised EIM Controls, Inc. and MOV, Ltd., a third generation business in its sale to Emerson. Business operations were conducted in the US, UK, Russia and China.

AMAA members involved:
Trevor Hulett

The Federated Software Group, Inc., a software engineering firm providing custom system development to mission critical command and control and logistical systems within the Department of Defense has sold substantially all of its assets to The Boeing Company. The seller was represented by R.L. Hulett & Company, Inc.

AMAA members involved:
Brian Davidoff

Imaging Technologies Group is an industry-leading manufacturer of superior-quality compatible imaging supplies offering a huge selection of laser toner cartridges, MICR toner cartridges, Inkjet Cartridges and Thermal Transfer products. Their state-of-the-art facilities and stringent testing make their cartridges the most reliable compatibles on the market today. Rutter Hobbs & Davidoff's experienced attorneys represent middle market companies, early stage entities, large corporations and individuals in all facets of the law. From negotiation of critical agreements to the trials of business disputes, our clients receive thoughtful, focused legal counsel from senior attorneys for reasonable fees. RHD recently was named one of the "Best Places to Work in Los Angeles" by the Los Angeles Business Journal.

AMAA members involved:
Nicholas Stone

Kan-Pak is a leading manufacturer of low-acid, shelf stable beverages, frozen dessert mixes, smoothies and nutritional drinks supplying many of the country's leading quick service restaurants, convenience stores, drug stores and retail chains. In August 2008, KPP provided $15.0 million of expansion capital to Kan-Pak in the form of subordinated debt and preferred equity.