Month: September 2021

England Securities is pleased to announce that it served as the exclusive placement agent for Micatu, Incorporated (“Micatu”) in its $15 million growth financing transactions. Micatu, an optical sensing solution provider, has received $10 million in preferred equity from Wave Equity Partners and $5 million in debt financing from Silicon Valley Bank (“SVB”).

The financing builds on the company’s growing momentum to change the way the world senses with light. Their next-generation solution for the measurement of voltage, current, vibration, and temperature is making waves in the industry. Micatu’s GridView utility platform solution enables lower-cost and safer deployments, maximizes integration of renewable energy, and increases data awareness for grid resilience.

“We are extremely pleased to partner with the team at England & Company for these transactions and to execute our capital plans and strategic opportunities going forward,” said Michael Oshetski, CEO and President of Micatu. “They have terrific depth of expertise and keen insights into the power infrastructure and industrial technology markets we look to disrupt and the processes we look to optimize. They are particularly attuned to where the industry is headed with the energy transition, DERs, and the grid-edge sensors and AI driven automation technologies necessary to modernize the grid for a sustainable future.”

“England & Company understands what we’re trying to accomplish and communicates with the investment community and strategic partners very effectively,” Michael Sexton, COO and Executive Vice President of Micatu, said. “Their team matches industry expertise with deep transaction experience in raising and structuring equity and all varieties of credit, which led us to long-term partnerships with Wave Equity and SVB. They did an exceptional job and played an instrumental role in optimizing the terms of the transactions and the outcomes for us. We received partner-level attention throughout and great support from their entire team.”

Wave Equity Partners is a Boston-based private equity firm that accelerates market validated companies solving some of the world’s greatest challenges in essential markets for clean energy, water, waste, food, and clean air. Wave specializes in breakthrough innovations in hard tech and manufacturing.

For more than 35 years, Silicon Valley Bank (SVB) has helped innovative companies and their investors move bold ideas forward, fast. SVB provides targeted financial services and expertise through its offices in innovation centers around the world. With commercial, international and private banking services, SVB helps address the unique needs of innovators.

February 8, 2021– England Securities is pleased to announce that it recently served as the exclusive financial advisor to Beckwith Electric Co., Inc. in its sale to the Hubbell Utility Solutions division of Hubbell Incorporated (NYSE: HUBB). Beckwith Electric is a premier manufacturer of protection and control products for electric utility and industrial markets world-wide. Designed and manufactured in Largo, Florida, Beckwith’s technology solutions are key elements in the rapidly growing market for advanced distribution automation infrastructure and the integration of distributed energy resources among leading electric utilities.

The acquisition of Beckwith enhances Hubbell’s overall existing product portfolio and increases its capabilities in advanced distribution automation technology sold to utility customers. Beckwith is the first acquisition of Hubbell’s new Utility Solutions business unit, focused on protection and control in the utility market.

This transaction represents the fifth transaction in the utility products market for England Securities since November 2019.

About England & Company

England & Company is a leading independent investment bank that provides strategic advice on mergers and acquisitions, recapitalizations and restructurings, and capital markets transactions to owners, executives, and boards of directors of domestic and international companies. The firm’s clients include leading companies in the Business Services, Energy & Industrial Growth, Healthcare, and Technology markets. Founded in 2003, England serves its clients through offices in Houston, New York, and Washington, DC.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

January 20, 2020 – England Securities served as the exclusive financial advisor to Trilliant Surgical LLC in its sale to DJO, LLC, a subsidiary of Colfax Corporation (NYSE: CFX). This represents England’s third M&A transaction in foot and ankle orthopedics, and England’s fourth in orthopedics more broadly in the last 18 months.

Trilliant Surgical, based in Houston, Texas, is a growing manufacturer and marketer of a full line of foot and ankle orthopedic implants, covering forefoot, midfoot, and hindfoot procedures. Trilliant’s novel Arsenal Foot Plating System allows physicians far greater flexibility and speed in implant placement for greater ease of use, reduction of waste, and potentially reduced O.R. time. Trilliant is a portfolio company of The Catalyst Group, a private investment firm located in Houston and Austin, Texas.

Commenting on the transaction, Jon Olson, Chief Executive Officer of Trilliant Surgical, said: “As a foot and ankle champion since 2007, we are excited to join the DJO family and expand Trilliant Surgical’s positive patient impact globally. DJO’s unparalleled commitment to new product development, their iconic brands and strong growth trajectory will accelerate Trilliant’s ability to grow, innovate and improve patient outcomes.”

“We are extremely pleased to have partnered with England & Company for this transaction,” Olson continued. “England’s team did an exceptional job, particularly in the face of Covid-19. Their extensive knowledge of the potential acquirers helped us find our ideal strategic partner. In addition, England played an instrumental role in optimizing the terms of the transaction and the outcome for us. We received partner-level attention throughout and great support from their entire team.”

DJO is a leading developer and distributor of high-quality medical devices that provide proven solutions for musculoskeletal health, joint reconstruction, vascular health, and pain management. DJO’s extensive range of products and integrated technologies address the orthopedic continuum of care from performance and mobility to surgical intervention and post-operative rehabilitation; enabling people around the world to regain or maintain their natural motion.

About England & Company

England & Company is a leading independent investment bank that provides strategic advice on mergers and acquisitions, recapitalizations and restructurings, and capital markets transactions to owners, executives, and boards of directors of domestic and international companies. The firm’s clients include leading companies in the Business Services, Energy & Industrial Growth, Healthcare, and Technology markets. Founded in 2003, England serves its clients through offices in Houston, New York, and Washington, DC.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

October 20, 2020 – England & Company served as joint financial advisor with Goodbody Stockbrokers UC to Collagen Solutions Plc (LON: COS) in its sale to Rosen’s Diversified, Inc (“RDI”) for 6.50 pence per share, representing an enterprise value of £31.6 million ($41 million), equating to approximately 7.8x FY2020 revenues.

Collagen Solutions, headquartered in Glasgow, Scotland, is a leading contract developer and manufacturer of regenerative medical devices using collagen and tissue-based biomaterials, as well as a supplier of these materials. These products are used in a wide variety of applications including orthopedics, cardiovascular, dental, wound healing and neurology.

Commenting on the transaction, Jamal Rushdy, Chief Executive Officer of Collagen Solutions, said: “We have made tremendous progress in our vision to Be the Industry’s First Choice for Regenerative Biomaterials. Being part of RDI will generate significant growth opportunities and create enhanced value to the benefit of all stakeholders and in particular our employees, customers and suppliers.”

“We are very pleased to have partnered with England & Company and Goodbody Stockbrokers for this transaction,” Rushdy continued. “The combined England and Goodbody team was key in advising the Company on various potential courses of action and navigating the sale process. The acquisition by RDI will help Collagen Solutions continue to grow, innovate, and expand its markets.”

RDI is a multi-billion dollar, family-owned and controlled business, headquartered in Fairmont, Minnesota. RDI sells a broad range of food, agricultural and scientific products into more than 30 countries, across five continents, and has over 4,500 employees. Collagen Solutions will become part of RDI’s life sciences division, which includes Scientific Life Solutions (“SLS”), a supplier of critical components to the bioresearch and biomedical fields.

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

June 10, 2020 – England & Company served as the exclusive financial advisor to Kortick Manufacturing in its sale to SICAME Group.

Founded in 1898 and previously owned by the Frase Family, Kortick produces and supplies electrical products and equipment for use in overhead and underground electrical networks, supplying contractors, distributors, and electric utilities on the West Coast including, Pacific Gas & Electric, Southern California Edison, and the Sacramento Utility District.

Kortick employs 75 people at its Pittsburg, California facility.

Among Kortick’s many product lines is the eco-friendly AmorGalv®, Thermal Diffusion Galvanization (TDG) process, which has helped position the company as a major supplier of hardware in support of the hardening of the electrical infrastructure in California and other states.

“We are very pleased to have partnered with England & Company for this transaction,” said Gavin Frase, President of Kortick. “England’s team was key in helping Kortick find the right partner and negotiating the terms of the transaction. The acquisition by SICAME will help Kortick continue to grow, innovate, and expand its markets.”

SICAME, based in Arnac-Pompadour, France, is a recognized world leader specialized in the production and sale of accessories & services for the transmission and distribution of electricity, as well as for electrical safety equipment, connection and associated tools. SICAME operates with 55 companies in 24 countries. Sicame is a portfolio company of Equistone Partners Europe, one of Europe’s leading mid-market private equity firms, which operates across Benelux, France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

January 2020 – England & Company served as the exclusive financial advisor to Laron Incorporated (“Laron”) in its sale to Ohio Transmission Corporation (“OTC”), a portfolio company of Genstar Capital.

Laron is a leading provider of mechanical and electric motor repair and engineering services in the Southwestern United States. Laron’s headquarters in Kingman, Arizona, houses more than 140,000 square feet of shop space, with large-scale machining, fabrication and repair capabilities and a field services office. Laron also has repair and field service locations in Phoenix, Arizona, and Salt Lake City, Utah, and a sales and field service office in Tucson, Arizona.

“This acquisition is an important part of our rapidly evolving repair and engineering services capabilities,” said Matt Piatt, Chief Operating Officer of OTC. “Along with the recent acquisition of Keller Electrical, the addition of Laron further enhances our overall service offering and expands our regional footprint in the Southwest.”

Laron will continue to operate under the Laron brand and with current local management, including Glenn Thoroughman, CEO; Larry Tree, President; John Hansen, COO; Gary Maclay, CFO; and a strong team of general managers already in place. Laron will operate as a division of OTP Industrial Solutions and is expected to provide OTP with a foothold and visibility into a whole new dimension of industrial service.

“We are very pleased to have partnered with England & Company for this transaction,” said Glenn Thoroughman, CEO of Laron. “England’s team was instrumental in helping Laron find the right partner, and they were an integral part of negotiating the terms of the transaction. England provided solid advice and insight to our management team throughout the process.”

About Laron

Laron, founded in 1975, is a leader in machining, fabrication, millwright services, electrical equipment repair, and predictive maintenance services. Headquartered in Kingman, Arizona, Laron serves the mining, manufacturing, power generation, gas transmission, and construction industries across the Southwestern United States and provides in-house and field services from four strategically located facilities in Arizona and Utah.

About Ohio Transmission Corporation

Ohio Transmission Corporation is a leading technical distributor of highly engineered products including motion control, pumps, finishing products, robotics, motors and air compressors. OTC serves over 13,000 customers across diverse end-markets, providing highly technical sales consultation and aftermarket repair and services. Founded in 1963 and headquartered in Columbus, Ohio, OTC is backed by Genstar Capital, a leading private equity firm.

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

December 19, 2019 – England & Company served as the exclusive financial advisor to Cantega Technologies, Inc. (“Cantega”) and Reliaguard, Inc. (“Reliaguard”) in their sale to Hubbell Power Systems, Inc., a subsidiary of Hubbell Incorporated (NYSE: HUBB).

Cantega is a leader in highly engineered precise fit cover up solutions to prevent wildlife caused power outages within utility substations. Reliaguard, an affiliated entity of Cantega, provides high performance wildlife mitigation products for overhead electric distribution networks. Together, Cantega and Reliaguard, provide utilities with a comprehensive wildlife mitigation solution for substation and overhead distribution networks.

“We are extremely pleased with the outcome of this transaction. The acquisition by Hubbell will expand the reach of Cantega’s best in class solution,” said Brent Stankowski, CEO of Cantega. “England & Company did an exceptional job identifying the right strategic partner. Their team played an instrumental role in structuring this transaction and then getting it completed. We received partner-level attention and excellent support from their entire team.”

About Cantega

Cantega was founded in 2001 by Marty Niles, a power lineman with more than 25 years of experience in the electric utility industry. Today, Cantega is a rapidly growing company protecting more than 700 substations across North America from animal-related outages. Cantega is located in Edmonton, Alberta, Canada and
Foothills Ranch, California.

About Hubbell Power Systems, Inc.

Hubbell Power Systems, Inc. (“HPS”) is a subsidiary of Hubbell Incorporated and an international manufacturer of quality transmission, distribution, substation, OEM and telecommunications products for a broad range of non-residential and residential construction and electric, gas and water utility applications. HPS operates manufacturing facilities in the United States and around the world. The HPS headquarters is located in Columbia, South Carolina.

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.

November 18, 2019 – England & Company served as the exclusive financial advisor to IPKeys Power Partners (“IPKeys”), a leading provider of meter data management, cyber security, and demand management, in its acquisition of N-Dimension Solutions, Inc.

N-Dimension is a public power sector leader in cyber security monitoring with 100 utilities served. Ontario-based N-Dimension will merge into the IPKeys Power Partners platform, while continuing to serve current customers. The acquisition adds a robust cyber threat detection and remediation capability to IPKeys’ existing Cyber Lab as a Service (IPKeys CLaaS) which provides a broad range of cybersecurity services and solutions to utilities and large municipal and public safety organizations throughout North America. Earlier this year, IPKeys acquired SigmaFlow to add an automated NERC-CIP compliance capability to their CLaaS offering. England & Company also served as IPKeys’ financial advisor on that transaction.

The N-Dimension transaction included an equity investment in IPKeys from Enertech Capital, a leading venture capital firm focused on investing in emerging companies essential to energy innovation. EnerTech’s investment landscape includes Digital Networks, Connected Buildings, Mobility, and Optimization.

“The integration of N-Dimension into our CLaaS platform enables IPKeys to provide customers with a more robust and comprehensive cybersecurity solution,” said Robert Nawy, CEO of IPKeys. “The investment by EnerTech is especially advantageous because of their proven ability to also provide strategic support and exposure to their influential network of strategic partners.”

About IPKeys

IPKeys, founded in 2005 and co-headquartered in Eatontown, NJ and Stafford VA, is a strategic partner to public and private entities in the energy, DOD, federal, and commercial sectors and delivers expertise in the development, integration, and deployment of cyber secure Internet Protocol technology and communications systems.

IPKeys Power Partners, a wholly owned subsidiary of IPKeys, provides the utility, energy and municipal public safety sectors with Meter and Operational Data Management, Cyber Security, Public Safety Network Engineering and Electricity Demand Management and Demand Response services.

About N-Dimension

N-Dimension is a market leading Managed Detection and Remediation Services (MDR) provider with innovative solutions tailored to protect IoT, IT, and OT networks from cyberattacks, improving system reliability, and safeguarding critical infrastructure, data, and assets.

About EnerTech Capital

EnerTech Capital is a private investment firm focused on innovation in the energy and technology industries, investing in mid-stage venture companies offering products or services that dramatically improve the profitability of producing or consuming energy. Founded in 1996, the firm has managed approximately $500 million through four funds and has delivered 42 exits. EnerTech Capital has a strong focus on energy innovation and technology related opportunities in North America.

About England & Company

With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.

Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.