URS Corporation and Flint Energy Services Ltd. announced that URS has completed its acquisition of Flint. Under the terms of the definitive agreement announced in February, Flint shareholders received $24.50 per share in cash for each Flint share. The total equity value paid by URS was approximately $1.24 billion.
Dura-Line Holdings Inc., a portfolio company of Chicago-based CHS Capital, has completed the acquisition of PolyPipe Holdings Inc. from the Halifax Group. Terms of the sale were not disclosed. Dura-Line is a portfolio investment of CHS Private Equity V LP, a $1.3 billion investment fund. The Halifax Group is a private equity firm that partners with management to invest in growing entrepreneurial companies.
The top 10 Ditch Witch dealerships were recently honored by The Charles Machine Works Inc., manufacturer of Ditch Witch products, as members of the 2011 Crescent Club. From sales and marketing to parts and service, these dealerships exhibited extraordinary service to their customers, to the industry and to the Ditch Witch organization in 2011.
Vermeer Sales Southwest Inc. (VSSW) announces its Albuquerque location has moved to a new, expanded facility. The previous facility, which opened in 2000, was only 6,000 square feet, and the new building is 13,000 square feet on 2.5 acres of land.