Veritext, the national leader in court reporting and litigation support solutions, announced that it has acquired David Feldman Worldwide (DFW) Court Reporting. DFW’s experience with very complex litigation cases and exemplary customer service complements Veritext’s full breadth of technical solutions and world-class data security. Together they will offer clients of both companies premier court reporting and litigation support solutions.
“DFW’s expertise in very complex litigation fits well with the experience and advanced technology Veritext brings to the table,” said Nancy Josephs, Chief Executive Officer of Veritext. Clients of DFW will have immediate access to Veritext’s state-of-the-art deposition suites, multimedia depositions, document repositories, remote depositions, online and mobile scheduling, paperless depositions and more. In addition, they will experience the world-class, HIPAA-compliant data security Veritext offers. “Combining the services of both companies makes the perfect union,” Josephs continued.
DFW was founded by David Feldman in 2002 along with his two children, Michael and Sheril, who have owned and operated the company since 2009. DFW’s client-facing team will stay on with David Feldman Worldwide, a Veritext Company after the acquisition, ensuring that clients will receive the same stellar service they have come to expect. DFW is based in New York City and serves clients across the United States and in foreign locations.
“By joining with Veritext, we will be able to offer our clients a full breadth of technology solutions to make the deposition process more effective. They will also have access to the more than 50 Veritext offices around the country,” said Michael Feldman, President of David Feldman Worldwide, a Veritext Company. “Veritext shares our commitment to quality court reporting and impeccable service, which makes this transition the perfect fit for our clients and our employees.”
Veritext is the largest nationwide provider of deposition and litigation support solutions, providing court reporters, advanced technology and services to law firms and corporations across the United States. Veritext has been serving the legal community since 1997 and has extensive experience in all types of complex litigation. The company recently announced acquisitions in Florida and New Jersey and their expansion in the St. Louis marketplace. More information can be found at www.veritext.com.Read More
HANOVER PARK, IL – School Health Corporation announced today that it has acquired Palos Sports, Inc., based in Alsip, IL. For over 60 years Palos Sports has been a leading distributor of physical education supplies to school districts, park districts, and Special Olympics programs throughout the United States. Educators and recreational groups look to Palos Sports for innovative sports, recreation and physical fitness products and equipment, as well as for curricula and knowledge to make their programs more impactful and successful.
School Health is the leading national provider of health supplies, services and solutions, serving professionals in educational settings in the fields of Sports Medicine, Health Services, Special Education and Early Childhood. With over 20,000 physical education, recreation and athletic items in stock, Palos Sports’ products and customers complement School Health’s offerings.
“Together, School Health and Palos Sports will boast the nation’s largest offering of health and wellness products to the education market in the areas of Physical Education, Sports Medicine, Health Services, Special Education and Early Childhood,” said Rob Rogers, President, School Health Corporation. “We both seek to improve the health and well-being of students in schools across America. We are pleased that Palos Sports is now part of the School Health family.”
“Palos Sports is a perfect addition to our offerings given that physical education is playing an ever-important role in helping students maximize their learning potential,” said Scott Cormack, Executive Vice President of Business Development and Strategy, School Health Corporation.
School Health Corporation will maintain Palos Sports as a separate company which will continue to operate in Palos’ current facility, supported by Palos’ dedicated employees who will join the School Health organization. The company will operate under the name Palos Sports, a School Health company. Dan Dunne will continue as president of Palos Sports.
We are very excited to be a part of the School Health team,” said Dan Dunne, President, Palos Sports. “Our team is proud to be a part of School Health’s vison and commitment to the health, development and wellness of all students. Today we start an exciting journey together, combining our talents and knowledge with a great company.”
Rich Jackim, a managing partner at Jackim Woods & Company, advises School Health Corporation on its corporate development activities and arranged the transaction.
Since its founding in 1957, School Health has been helping school-based health professionals keep students healthy both physically and mentally. As a national, full-service provider of health supplies and services it serves health professionals in educational settings from pre-school to college; collaborating with customers and advocating for the health of those entrusted in their care. School Health’s comprehensive offering includes health supplies, sports medicine equipment, early childhood products, and special needs aids. The company goes beyond merely supplying products by also providing product support, training, advisory services and exceptional customer care.
Palos Sports was founded in 1957. With 60 years of expertise in physical education, Palos Sports provides equipment and curriculum to schools nationwide. The company’s offerings are specifically designed to meet standards set by SHAPE America. The physical education and recreation equipment provider is known for its expert knowledge and individual attention provided to each physical educator, curriculum director, and sports director it serves.
About Jackim Woods & Company
Rich Jackim, Jackim Woods & Company, advises School Health Corporation on its corporate development activities and arranged the transaction. Jackim Woods & Company provides financial advisory services on mergers and acquisitions to clients nationwide.Read More
Jackim Woods & Company is pleased to announce that it arranged the sale of Computer Tutor Business & Technology Institute to a private investor. Computer Tutor is a Title IV post-secondary institution that offers business and medical administration programs to students in Northern California.
Computer Tutor Business and Technical Institute is accredited by the Accrediting Commission of Career Schools and Colleges (ACCSC). It received the ACCSC School of Excellence Award. The buyer was a former school owner who had sold his very successful allied healthcare school in the Midwest to a private equity group in 2016.
Rich Jackim, a managing partner at Jackim Woods & Company represented both the seller and the buyer in arranging the transaction. Jackim Woods & Company represents buyers and sellers of Title IV post-secondary colleges and institutions nationwide.Read More
Valterra Products announced that it h as acquired Minder Research, a supplier specializing in wireless tire pressure monitoring systems for recreational vehicles and automotive applications. Minder also offers temperature monitoring systems for Agricultural, Commercial and Residential markets. This transaction is further evidence that merger & acquisition activity is increasing up and down the RV industry supply chain.Read More
Camping World Holdings announced its acquisition of Jack Sisemore Traveland in Amarillo, Texas. Camping World currently operates full-service SuperCenters in Anthony, Cleburne, Houston, Lubbock, Mesquite, San Antonio, Sherman, and Tyler, Texas and retail accessory stores in both Denton and Fort Worth. The Jack Sisemore Traveland acquisition further expands the market footprint, increasing Camping World’s current presence in the state of Texas to eleven locations.Read More
Camping World announced that it acquired American RV located in Grand Rapids, Michigan. Camping World currently operates a SuperCenter in Houghton Lake and retail accessory stores in both Belleville and Grand Rapids, MI. With the American RV acquisition, the Camping World Grand Rapids location will now convert into a full-service Camping World SuperCenter, further expanding the market footprint, and increasing Camping World’s current presence in the state of Michigan.Read More
LCI Industries announced that its wholly owned subsidiary, Lippert Components, has acquired Metallarte, a Siena, Italy-based manufacturer of entry and compartment doors, and its subsidiary, RV Doors, a Venice, Italy-based manufacturer of driver-side doors, for the European caravan (RV) market. Revenues of Metallarte in 2016 were approximately $12 million. LCI paid a reported $16.8 million in cash at closing, plus an earnout based on future sales.Read More
Malibu Boats, Inc. (NASDAQ: MBUU) announced today that it has entered into a definitive agreement to acquire Cobalt Boats, LLC (“Cobalt”), a privately held, leading manufacturer and distributor of premium sterndrive and outboard boats for an aggregate purchase price of $130 million. For the last 12 months ended March 31, 2017, Cobalt generated approximately $140 million in net sales indicating a valuation metric equal to 93% of trailing 12-month revenue.
Founded in 1968, Cobalt is the market leader in the mid to large-sized sterndrive boat market and their recent expansion into the surf and outboard markets provides further opportunities for Cobalt to reach additional customers. Cobalt manufactures and sells water sport boats, cruisers, bowriders and outboard boats for cruising, skiing, entertainment, surfing, fishing and other recreational uses on lakes, rivers, intercoastal waterways and oceans. Cobalt is a world class brand with a product portfolio of twenty-four models across six proprietary, industry-leading series. Cobalt sells its boats through a well-established dealer network of 132 locations in the United States, Canada, and overseas.
The transaction makes a lot of sense for both companies. The acquisition combines two premium, best-in-class recreational boating brands, further strengthening Malibu’s leading position in the powerboat industry. Cobalt’s comprehensive portfolio of quality products also provides Malibu greater scale and a more balanced portfolio. Last, Cobalt’s complementary distribution network allows for more market opportunities across multiple segments within the recreational boating industry.
Forest River acquired the assets of Turtle Top, a premier luxury bus manufacturer based in New Paris, Indiana. Turtle Top, a family-owned RV manufacturer since 1962, is widely recognized today as a leader in the luxury transportation industry. Turtle Top designs and manufactures buses and specialty vehicles for some of the most prestigious names in the motor coach industry, as well as numerous state and government agencies. Turtle Top’s current bus models include the Van Terra, VT3, Odyssey, Odyssey XL, Odyssey XLT and MPV, which provide convenient and dependable transportation for colleges, churches, assisted living facilities, retirement communities, transportation companies and government agencies. In addition, Turtle Top’s specialty vehicle division builds everything from limousines to bloodmobiles and prisoner transport units to mobile offices.
“We are excited to welcome Turtle Top to the Forest River family. Turtle Top and their dedicated employees have built a history of integrity, quality and innovation and enjoy one of the best reputations in our industry today,” stated David Wright of Forest River. “We are honored that they have chosen Forest River to continue the tradition that they have dedicated themselves to building for more than 50 years.”
Details of the transaction were not announced.Read More
KPS Capital, a New York-based private equity group, announced that it has acquired DexKo Global and its affiliates. DexKo Global is a global supplier of highly engineered running gear, chassis assemblies, and related components to recreational vehicle, utility trailer, manufactured housing and specialty trailer markets.
DexKo Global was formed at the end of 2015 through a merger of Dexter and AL-KO Vehicle Technology. The company is headquartered in Novi, Michigan, and has over 4,500 employees at 39 manufacturing facilities and 25 distribution centers around the world. The financial terms of the transaction were not disclosed.Read More