Terracon Consultants Inc acquired Aquaterra Engineering LLC for undisclosed terms.
The acquisition will
expand Terracon's service offerings and geographic presence in the Southeast. Aquaterra Engineering is a provider of site development, geotechnical, environmental engineering and consulting services.
P.A.G. Capital Partners LLC, a private equity firm, acquired an undisclosed majority stake in Corporate Technology Solutions Inc, for undisclosed terms. Corporate Technology Solutions provides design and installation services of information transport systems. The March Group served as financial advisor to Corporate Technology Solutions.
Johnson Matthey Plc acquired Applied Utility Systems Inc (AUS), from Catalytic Solutions Inc, for a total consideration of US$10 million. The consideration is composed of US$8.5 million in cash plus a contingency payout of up to US$1.5 million. The transaction will strengthen Johnson Matthey's Stationary Emissions Control business. Applied Utility is a designer and supplier of selective catalytic reduction systems for controlling emissions of oxides of nitrogen in a range of applications.
Johnson Matthey Plc acquired Applied Utility Systems Inc (AUS), from Catalytic Solutions Inc, for a total consideration of US$10 million. The consideration is composed of US$8.5 million in cash plus a contingency payout of up to US$1.5 million. The transaction will strengthen Johnson Matthey's Stationary Emissions Control business. Applied Utility is a designer and supplier of selective catalytic reduction systems for controlling emissions of oxides of nitrogen in a range of applications.
UraniumCore Co acquired Sun City Ventures LLC, doing business as Horizon Health & Safety, for US$0.6 million in stock. The acquisition will mark UraniumCore's entry into the lucrative e-commerce business in the health & safety industry. As a result of the acquisition, UraniumCore will change its name to Horizon Health International Corp, and will apply for a new trading symbol to more accurately reflect its new business. Sun City Ventures distributes wheelchairs and other home medical equipment.
CriticalControl Solutions Inc, a subsidiary of CriticalControl Solutions Corp, acquired Southport Data Systems Inc, for a total consideration of CAD2.3 million (US$2.1 million). The purchase price is composed of CAD1.8 million (US$1.7 million) in cash, plus CAD0.5 million (US$0.5 million) in contingent payouts. The acquisition strengthens CriticalControl's operations and expands its footprint in the greater Toronto area. According to Southport's management prepared financial statements for the six months ended August 31, 2009, Southport generated revenue of approximately CAD1.5 Million (US$1.4 million) and EBITDA of CAD0.4 Million (US$0.4 million). The acquisition is financed from from cash on hand and CriticalControl's operating line. Southport Data Systems Inc provides data entry and conversion services.
Sandwell Mining Ltd agreed to acquire all the issued and outstanding shares of MBAC Opportunities & Financing Inc for an undisclosed amount in stock. Pursuant to the agreement, Sandwell Mining will exchange 62.5 shares of its stock for every MBAC share owned. Upon completion, Sandwell Mining will change its name to MBAC Fertilizer Corp. MBAC Opportunities & Financing Inc mines for phosphate and potash minerals. \ 49 North Resources Inc agreed to acquire a 50% minority stake in North Rim Exploration Ltd, from the Halabura Family Trust and North Rim Holdings Ltd, for a total consideration of approximately CAD0.8 million (US$.7 million). Under the terms of the agreement, 49 North Resources will pay CAD1.0 (US$0.9) for every share of North Rim sought. The shares will be acquired in two tranches, the first tranche is scheduled to close on Oct 16, 2009, at which time, 49 North will pay approximately CAD0.38 million (US$0.35 million) in cash. The second tranche is scheduled to close on Dec 31, 2009, at which time, 49 North will issue a promissory note amounting to CAD0.38 million (US$0.35 million) as consideration for the remaining 375,000 North Rim shares. Closing of the transaction is subject to customary closing conditions
New deal 524518 http://marquee- news/nastory.asp?Options=Options.xml&Root=FDSResearch&FileName=/home/docs/comtex/2009/200 91001/20091001-274d3574.html&Product=CTX&ACTION=STORY&blocktb=true unvalued 100% acquisition New deal
Fairfax Financial Holdings Ltd acquired the remaining 27.4% stake it does not own in Odyssey Re Holdings Corp through a tender offer amounting to US$1 billion in cash. Under the terms of the tender offer, Fairfax Financial Holdings Ltd will pay US$65 cash per share, increased from the original offer of US$60, for the remaining shares in Odyssey Re Holdings Corp. This represents a 29.4% premium on the closing stock price of Odyssey Re Holdings Corp on September 3, 2009. The acquisition will strengthen the financial position of Odyssey Re Holdings Corp. Fairfax will cause a subsidiary to merge with and into Odyssey Re. Following this merger, Odyssey Re Holdings' common stock will cease to be traded publicly. Fairfax Financial Holdings Ltd is a financial services holding company with interests in property and casualty insurance and reinsurance and investment management companies. Odyssey Re Holdings Corp provides property and casualty reinsurance products.