PEDIA RESEARCH, LLC HAS BEEN ACQUIRED BY QUALMEDICA RESEARCH, LLC

ABOUT THE DEAL:

Pedia Research, LLC (also referred to as the “Company,” “Pedia,” or “Sellers”) has been acquired by Qualmedica Research, LLC (“Qualmedica” or the “Buyers”).

Headquartered in Evansville, Indiana, Pedia is a focused team of health professionals that are dedicated solely to “Improving Health Through Research.” The Company’s team includes study coordinators, physicians, scientists, nurses, and administrative specialists. Together, with its study volunteers and study sponsors, the Company conducts clinical research studies to establish the efficacy and safety of pharmaceutical and health care products for infants, children, adolescents, and adults. For over twenty years, Pedia Research, LLC has provided vital research data to its pharmaceutical clients to support their new or improved medications to prevent and treat disease. The Company also promotes the advancement of medical knowledge by contributing or authoring the published results of its research findings. Pedia is a leader in discovering innovative ways to recruit and improve the processes of conducting clinical trials and strives to be a strategic partner in the long-term success of their clients.

Qualmedica Research, LLC is a multi-site, clinical research provider with over twenty years of experience providing high-quality, compliant pharmaceutical research. Qualmedica’s mission is to enable better health for patients that will benefit from new or improved drugs. Qualmedica partners with physicians and sponsors to bring therapeutics to market that are safe, effective, and meaningful to a patient’s quality of life. Qualmedica Research, LLC has extensive experience conducting phase II, III, and IV trials across a comprehensive list of conditions, and a customer list that includes more than 100 pharmaceutical companies and CROs.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Pedia Research, LLC. Allston established a valuation assessment of the Company, conducted a confidential and competitive sale process, assisted with the Buyer’s due diligence, and facilitated a successful transaction on behalf of the Sellers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

KENTUCKY BOURBON BARREL HAS BEEN ACQUIRED BY INDEPENDENT STAVE COMPANY

ABOUT THE DEAL:

Kentucky Bourbon Barrel (the “Company” and “Sellers”) has been acquired by Independent Stave Company (“ISC” and “Buyers”). Headquartered in Louisville, Kentucky, an important crossroads for the bourbon industry, the Company is a family-owned business selling high-quality, ready-for-filling used barrels to distilleries, wineries, and breweries around the world. The Company has become well-known for the quality of its used bourbon and whiskey barrels; imparting desirable aromas and flavors to a wide range of spirits.

Independent Stave Company is a dynamic, family-owned cooperage company reaching customers in more than 40 countries. Founded by the Boswell family in 1912, ISC still embraces the core values of family, innovation, community, and hard work. ISC crafts new oak barrels and other world-class cooperage products destined for the spirits, wine, and brewing industries. The acquisition of the Company by ISC will enable further support of their existing clients by providing access to sought-after, previously-filled, barrels; offering unique nuances, thanks to the original, and sometimes exotic, liquids the barrels have aged.

Tim Ratliff, President and co-owner of Kentucky Bourbon Barrel, stated, “I am excited to have found a partner who shares our vision, seeks to honor our founding principles, and brings more than 105 years of experience in the cooperage industry. We will evaluate potential for growth as we move forward, but our dedication to quality and service will remain top priority. KBB expects our clients to benefit from this partnership through greater availability and increased diversity in our product portfolio.”

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Kentucky Bourbon Barrel. Allston established a valuation assessment of the Company, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity and a tax-free stock exchange as well as provide employees with an established, high-growth, and well-capitalized new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES: 

BRASCH CONSTRUCTORS, INC. HAS BEEN ACQUIRED BY A.L. POST, INC.

ABOUT THE DEAL:

Brasch Constructors, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by A.L. Post, Inc. (“Post” and the “Buyers”). Established in 1989 and headquartered in Louisville, Kentucky, the Company is one of Kentucky’s leading construction companies. From new construction and site evaluation to Design-Build work, Brasch Constructors continually exceeds expectations on both large and small projects.

Established in 2001, A.L. Post, Inc. specializes in the engineering, design, and construction of commercial and industrial facilities. The firm is headquartered in Louisville, Kentucky, and has completed projects across the United States, including Kentucky, Indiana, Ohio, Georgia, Texas, Iowa, Nebraska, Utah, and Idaho. A.L. Post has a vast portfolio representing historic, medical, dental, faith-based, commercial, and industrial projects. Since inception, Post has initiated and executed construction contracts in excess of $150,000,000.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Brasch Constructors, Inc. Allston established a valuation assessment of the Company, assisted with the Buyers’ due diligence, and facilitated the confidential sale process on behalf of the Sellers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

U.S. NUT AND BOLTS HAS BEEN ACQUIRED BY STOCK’D SUPPLY

ABOUT THE DEAL:

U.S. Nut and Bolts (the “Company” and “Sellers”) has been acquired by Stock’d Supply (“Stock’d” or the “Buyers”). Headquartered in Louisville, Kentucky, the Company, a full service fastener distributor, has served the commercial, industrial and manufacturer sectors for nearly ten years.

Stock’d Supply was born in 1979 as Bolts & Nuts Corporation in Chattanooga, TN as a regional fastener distributor, supplying businesses within 70 miles of its facility. The acquisition of the Company by Stock’d further supports Bolts & Nuts’ growth and expansion strategy, following the recent opening of its new headquarters in Chattanooga, Tennessee and new facility in Danville, Kentucky. With a new branch in Louisville, Bolts & Nuts broadens its ability to serve strategic manufacturers and OEMs in the Commonwealth of Kentucky, southern Indiana, and Ohio.

Randy Crowdis, CEO of U.S. Nuts and Bolts, said, “In combining with Bolts & Nuts, our team acquires the advantages of global scale while marrying up with a company whose core values are focused on delivering value to our four key stakeholders: customers, team members, community, and suppliers.”

Allston Advisory Group served as the exclusive financial advisor to the Sellers, U.S. Nut and Bolts. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with an established, high-growth and well-capitalized new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

BURGER KING® HAS BEEN ACQUIRED BY CARROLS

ABOUT THE DEAL:

Carrols Restaurant Group, Inc. (“Carrols”) (Nasdaq: TAST) has acquired six BURGER KING® restaurants in Kentucky and Indiana. Headquartered in Western Kentucky, the franchisee owns and operates six restaurants, and employs nearly 180 people. Over the last thirty years, the franchisee has built a talented workforce and a loyal, consistent, and predictable customer base.

Headquartered in Syracuse, New York, Carrols is the largest BURGER KING® franchisee in the United States with over 705 restaurants in 16 states. It has operated BURGER KING® restaurants since 1976. As of the end of the third quarter 2015, restaurant sales had increased 21.1% to $217.7 million from $179.8 million in the third quarter of 2014, which included $39.4 million in sales from 132 BURGER KING® restaurants that were acquired in 2014 and 2015. Daniel T. Accordion, the Company’s Chief Executive Officer said, “We continue to effectively execute our acquisition strategy, and with the completion of these most recent transactions, we have acquired a total of 55 BURGER KING® restaurants in 2015. We are focused on capturing operational synergies and enhancing profitability at the restaurants we have acquired over the past couple of years. At the same time, we continue to pursue opportunities to acquire additional BURGER KING® restaurants in support of our ongoing expansion objectives.”

Allston Advisory Group served as the exclusive financial advisor to the sellers, a BURGER KING® franchisee headquartered in Western Kentucky. Allston constructed a mutually-agreed upon valuation assessment of the franchisee’s holdings, prepared a thorough confidential memorandum, and identified numerous strategic and financial buyers. With its recent purchase of the franchisor’s right of first refusal in 20 states, including Kentucky and Indiana, Allston approached and managed the confidential sale process with Carrols. Consequently, the transaction satisfied the franchisee’s desires of liquidating his BURGER KING® restaurant holdings and providing employees with an established, well-capitalized new owner. With this acquisition, Carrols was able to expand geographically, capture operational synergies, and enhance profitability.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

UP-RITE SYSTEMS, INC. HAS BEEN ACQUIRED BY FLETCHLINE, INC.

ABOUT THE DEAL:

Up-Rite Systems, Inc. (also referred to as the “Company” and “Sellers”) has been acquired by Fletchline Inc. (“Fletchline” or the “Buyers”). Established in 1993 and headquartered in Bardstown, Kentucky, the Company is a nationwide rack installation company; dealing exclusively in material handling equipment installations.

Located in Springfield, Tennessee, approximately thirty miles north of Nashville, Fletchline specializes in the installation of all types of conveyor systems throughout the United States; installing systems for projects big and small. Fletchline is dedicated to providing uncompromising quality and fulfilling its customers’ expectations through innovative solutions and teamwork. Since 1988, Fletchline has been committed to achieving high standards of health, safety and productive working environments for its employees as well as its customers.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Up-Rite Systems, Inc. Allston established a valuation assessment of the Company, prepared a confidential memorandum, assisted with the Buyer’s due diligence, and facilitated the confidential sale process on behalf of the Sellers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

THE PROSPECT VILLAGE SHOPPING CENTER HAS BEEN ACQUIRED BY KROGER

ABOUT THE DEAL:

The Kroger Co. (NYSE: KR) has acquired The Prospect Village Shopping Center. Built in 2000, the Center is approximately 153,486 square feet, and anchored by a newly renovated Kroger Marketplace. Located on Hwy 42 in northeast Jefferson County in Prospect, Kentucky, the Center is conveniently located in one of the most affluent areas of the state of Kentucky. The Center is approximately 90 percent occupied with several other national retailers, including Starbucks Coffee, Snap Fitness, Subway, and Great Clips to name a few.

The Kroger Co. is one of the world’s largest grocery retailers, with fiscal 2011 sales of $82.1 billion. The Kroger Co. Family of Stores spans many states with store formats that include grocery and multi-department stores, discount, convenience stores and jewelry stores. The Kroger Co. operates under nearly two dozen banners, all of which share the same belief in building strong local ties and brand loyalty with their customers. Total sales, including fuel, increased 5.9% to $21.8 billion in the third quarter of 2012 compared with $20.6 billion for the same period last year. Total sales, excluding fuel, increased 3.7% in the third quarter of 2012 over the same period last year. At the end of Fiscal 2012, Kroger operated (either directly or through its subsidiaries) 2,424 supermarkets, 1,169 of which had fuel centers. Approximately, 45% of these supermarkets were operated in company-owned facilities, including some company-owned buildings on leased land.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Montfort Helm Enterprises, LLC. After an extensive valuation assessment and identification of both strategic and financial buyers, Allston marketed the Center to national, regional, and local investor groups. A premium valuation was realized through a formal auction process; ultimately, The Kroger Co. solely exercised its right of first refusal. With this acquisition, The Kroger Co. strengthens its foothold in the Louisville market with the intention of expanding the Center’s facilities to include fuel sales.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

LYNN’S PARADISE CAFÉ HAS BEEN ACQUIRED BY FRESH CAPITAL GROUP

ABOUT THE DEAL:

Lynn’s Paradise Café (also referred to as the “Café” and “Sellers”) has been acquired by Fresh Capital Group (“Buyers”).

Opening its doors in 1991, in Louisville, Kentucky, Lynn’s Paradise Café created a unique setting that has continuously attracted a diverse clientele from around the world. The Café has always made customers feel welcome; presenting new twists on food and drink as well as bringing new life to the dining experience in areas previously not explored. Lynn’s Paradise Café remains a tribute to the owner’s vision and originality, providing food, fun, and community in a visually stimulating, ever-changing environment.

The Fresh Capital Group is a Nashville-based and Southeast-focused full service commercial real estate development and management company with a portfolio value exceeding $350 million. Fresh Capital specializes in restaurant build-to-suit projects and restaurant multi-tenant buildings, but they also have several third-party office buildings, single-tenant properties, and strip centers in their portfolio. Fresh Capital is eager to preserve and improve upon structures that are already valuable to the neighborhood, and alternatively, love to start from scratch and create both an economic and cultural impact.

Lynn Winter, Owner of Lynn’s Paradise Café, said, “When you’ve been in the business as long as I have, you can look at companies in your sector, the restaurant industry, and know if they are solid. It’s not just money or capital, which is pivotal in the restaurant industry, but the other thing that is really more important is they need to have good operators, and this company has both.”

After an unexpected closure of Lynn’s Paradise Café and twelve months on the market with no satisfactory offers from prospective buyers, Allston Advisory Group was approached by the Sellers to serve as their exclusive financial advisors. Allston established a valuation assessment of the closed Café, prepared a thorough confidential memorandum, contacted potential Buyers locally, regionally, and nationally, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide an established, knowledgeable, and well-capitalized new operator.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

TRAFFIC BUILDERS HAS BEEN ACQUIRED BY GS MARKETING

ABOUT THE DEAL:

GS Marketing, Inc. (“GSM” or the “Buyers”) has acquired Traffic Builders, Inc. (the “Company” or “Sellers”). Headquartered in Louisville, Kentucky, Traffic Builders is a multichannel direct marketing agency servicing over 300 automobile dealers of all manufacturer types across the United States. The Company, with approximately 20 full-time employees, is an expert in creating results-driven marketing that drives in new customers, brings in current customers more frequently, and recovers lost customers.

Headquartered in Houston, Texas, GS Marketing is a full service direct marketing company with nearly three decades of experience marketing products and services for automotive dealerships, dealer groups, and manufacturers. GSM has approximately 85 associates and is part of The Friedkin Group. Shelley Washburn, GS Marketing President, said, “we are extremely excited about our new growth opportunity with Traffic Builders. Their nearly two decades of proven expertise and integrated products across all delivery platforms will help GSM to become an even stronger brand leader in automotive marketing. Plus, we love their zest for customer satisfaction and creating a fun, engaging work environment – values we hold close to our hearts and incorporate as a part of our business strategy.”

GS Marketing will continue to operate offices in Houston, TX and Louisville, KY. The Houston offices will focus on technology and digital marketing while the Louisville facility will focus on increased print production. GSM expects to complete integration with Traffic Builders by the end of the year.

Allston Advisory Group served as the exclusive financial advisor to the Sellers, Traffic Builders, Inc., and conducted a confidential, competitive sale process that included both strategic and private equity buyers.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.

NEWS SOURCES:

HIKES POINT PAINT & WALLPAPER HAS BEEN ACQUIRED BY DAGES PAINT

ABOUT THE DEAL:

Hikes Point Paint & Wallpaper (also referred to as the “Company” and “Sellers”) has been acquired by Dages Paint (the “Buyers”).

Established in 1976 and headquartered in Louisville, Kentucky, Hikes Point Paint & Wallpaper has become the preeminent, independent retailer of high-quality paint and decorating supplies in the region. With three locations, the Company is the largest Benjamin Moore account in the area, and has committed to achieving the highest degree of customer satisfaction among contractors and DIYs alike.

Dages Paint Company has been aptly utilizing the slogan, “Keeping Louisville Colorful,” since 1930, making it the oldest, independent paint store in Louisville. For three generations now, it has been owned and operated by the original Dages family. As an independently-owned store, Dages offers its customers a level of service rarely found today. They are proud to deliver the kind of specialized attention and help that customers simply won’t find in larger chain stores. Dages’ store professionals are trained specialists whose experience and helpful advice ensures the success of every project.

Allston Advisory Group served as the exclusive financial advisors to the Sellers, Hikes Point Paint & Wallpaper. Allston established a valuation assessment of the Company, prepared a thorough confidential memorandum, assisted with the Buyer’s due diligence, helped the Buyers obtain financing for the transaction with modest collateral available through an SBA Guaranteed Loan, and facilitated the confidential sale process on behalf of the Sellers. Consequently, the transaction satisfied the Seller’s desires for liquidity as well as provide employees with an established, team and customer-focused new owner.

ABOUT ALLSTON ADVISORY GROUP, LLC:

Allston Advisory Group, LLC is an experienced M&A advisory firm providing mergers & acquisitions, business valuations, and exit strategies, to lower middle market companies. The firm has an established track record of serving corporate clients across a broad spectrum of industries throughout the United States. Allston Advisory Group has the experience, professional fortitude, and quality of work that enable the firm to consistently deliver high-level results to its clients.

For additional information on this deal, please contact one of our advisors.