M and A Navigator: Deal pipeline -23 November.

MANews-(C)2009-2016

The following is a list of deals covered in detail by M and A Navigator this week:

-THE FALCON GROUP ACQUIRES DRONE OPERATOR

US-based engineering and architectural solutions provider The Falcon Group has completed an acquisition agreement with US-based drone aerial imaging services firm Vantage Vertical, the company said.

This new venture will allow The Falcon Group to provide more detailed inspections, forensic engineering studies and construction site progress reports for a multitude of existing and potential clients. Falcon Drone Services adds a whole new market segment to The Falcon Group by providing aerial photography, inspection, and photogrammetry services, nationwide.

Status: Closed

-KOCH INDUSTRIES ACQUIRES GLASS AND COATINGS MANUFACTURER GUARDIAN INDUSTRIES

Shareholders of US-based glass and coatings manufacturer Guardian Industries Corp. have approved the acquisition of the company by KGIC Merger Corp., a wholly owned subsidiary of US-based Koch Industries, the company said.

The deal is an all-cash transaction for the remaining 55.5% outstanding shares of Guardian Industries' common stock not already owned by affiliates of Koch. The transaction is subject to customary closing conditions including antitrust approval, and is expected to close in 1Q17.

Status: Closed

-TELERADIOLOGY FIRM STATRAD FORMS NUCLEUSHEALTH AS PARENT COMPANY

US-based teleradiology solutions provider StatRad has formed NucleusHealth as a new parent company in a corporate restructuring move, the company said.

According to StatRad, the newly created entity will focus on expanding StatRad teleradiology services while commercialising new image streaming technology in a pure cloud-based solution for managing medical images under the soon-to-be-introduced nucleus.io brand. NucleusHealth will expand product and service offerings through licensing of its image management solutions under the nucleus.io brand. Technology licensing opportunities include software as a service solutions and a web-scale platform as a service.

Status: Closed

-MEMBERS OF ENERGY FEDERAL CREDIT UNION VOTE TO MERGE WITH PENFED

Members of Maryland, US-based credit union Energy Federal Credit Union of Rockville voted to merge with America's second-largest federal credit union, PenFed Credit Union of Tysons, Virginia, Energy Federal said.

As a result of joining PenFed, nearly 11,000 current members of Energy FCU will earn higher rates on savings and gain access to lower rates on loans. These new PenFed members include many public servants working for the federal government. In addition, another 5,000 potential members of Energy FCUa[euro]"employees and contractors of dozens of firms in the community, will become eligible to join PenFed.

Status: Agreed

-VTECH CLOSES ACQUISITION OF GERMAN VOIP TELEPHONE PROVIDER SNOM TECHNOLOGY

Cordless phone maker VTech Holdings Ltd. (VTech, HKSE:303) has closed the acquisition of all the share capital of Germany-based VoIP telephone provider Snom Technology AG, the company said.

On 21 October 2016, the two companies announced that they had entered into a binding definitive agreement, under which VTech would acquire 100% of the share capital of Snom. The acquisition was financed through internal resources. Founded in 1996 and headquartered in Berlin, Germany, Snom is a German multinational corporation and a brand of professional and enterprise VoIP telephones.

Status: Closed

-SMITH AND WESSON'S BATTENFELD CLOSES USD 32.3M ACQUISITION OF SHOOTING SUPPLIES MAKER UST

Massachusetts-based firearms maker Smith and Wesson Holding Corp's (NASDAQ Global Select: SWHC) Outdoor Products and Accessories segment, through a subsidiary of Missouri-based gun supplies maker Battenfeld Technologies, Inc., has acquired the business of survival and camping equipment provider Ultimate Survival Technologies, Inc. in an asset acquisition for USD 32.3m in cash, the company said.

In addition, up to USD 2m will be due over a period of two years following the closing, contingent upon the financial performance of the acquired business. The signing of the definitive purchase agreement for the acquisition was previously announced on 4 November 2016.

Status: Closed

-REGULATORS CLEAR SUNCREST BANK TO ACQUIRE CALIFORNIA'S SECURITY FIRST BANK IN USD 18.1M DEAL

California-based financial services company Suncrest Bank (OTCQX: SBKK) has received regulatory approval for its merger with California-based Security First Bank (OTC: SFRK), the company said.

In September, the companies entered into a definitive agreement whereby Security First Bank will merge with and into Suncrest Bank in a cash and stock deal, valued at USD 18.1m, based on a per share valuation of Suncrest Bank stock of USD 8.25, the companies said. Under the terms of the agreement, shareholders of Security First Bank can elect to receive either 1.21212 shares of Suncrest Bank common stock or USD 10.00 in cash for each share of Security First Bank common stock they hold, subject to an overall 50% stock and 50% cash split.

Status: Agreed

-AUSTRALIA'S ALLOY STEEL ACQUIRES MATRIX METALS IN AUD 7.85M DEAL

Australian plate steel manufacturer Alloy Steel International, Inc.'s (OTC: AYSI) Alloy Steel Australia Pty Ltd subsidiary has reached agreement with the Kostecki family trust to acquire Matrix Metals International Pty Ltd, the company said.

Matrix Metals is the vehicle through which the Kostecki family trust currently supplies various materials and production inputs to ASAI, under long standing supply arrangements. AYSI acquired Matrix on a cash free, debt free basis (with customary normalized net working capital adjustments) for AUD 7.85m (USD 5.79m) with effect from 18 November 2016.

Status: Closed

-AXIUM INFRASTRUCTURE CLOSES ACQUISITION OF EIGHT NORTH AMERICAN SOLAR FACILITIES

Canadian portfolio management firm Axium Infrastructure has acquired a 100% equity interest in an 84mwAC (110mwDC) solar...

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