Mergers and acquisitions involving Minnesota companies

Moves made by Minnesota businesses.

February 10, 2018 at 6:43AM

TargetAcquirer

DateLocationLocationDescription

1/29Neutral PathZayo Group Holdings Inc.Zayo Group Holdings will acquire Neutral Path

Communications LLCBoulder, Colo.Communications and Near North Partners, a long-haul

Mankato, Minn. infrastructure provider, for $31.5 million.

1/30European Sources UABBevSource Inc.BevSource, a provider of beverage development and

Kaunas, LithuaniaSt. Pauloperations products, has acquired MyDrink Beverages.

1/30Lifetouch Inc. Shutterfly Inc.Shutterfly Inc., an online retailer and manufacturer of

Eden PrairieRedwood City, Calif.personalized photography products, will acquire Lifetouch

Inc., a school photography company, for $825 million.

1/30Gopher Resource LLC Energy CapitalEnergy Capital Partners, a private equity firm, will acquire

EaganPartners LLCGopher Resource LLC, a national environmental solutions

Short Hills, N.J.provider.

1/31Lilis Energy Inc.Varde Partners Inc.Lilis Energy Inc., an exploration and development company,

San Antonio Minneapolishas closed on $140 million in new financing, including a

$125 million convertible second lien term-loan facility

funded by Varde Partners Inc.

2/1The Media Services Newscycle Solutions Inc.Newscycle Solutions, a provider of software technologies

Group Ltd.Bloomingtonfor the media industry, has acquired Media Services Group,

Stamford, Conn. a supplier of digital publishing, magazine advertising and

event management software for the magazine and book

publishing industries.

2/1Service Tracking Systems Amano McGann Inc.Amano McGann has acquired Computerized Valet Parking

Inc. - Computerized Valet RosevilleSystems, a division of Service Tracking Systems Inc.

Parking Systems

Glenhaven, Calif.

2/2ArmCom Distributing Co.Foundation Building Foundation Building Materials a distributor of wallboard,

St. Louis ParkMaterials Inc.suspended ceiling systems and mechanical insulation, has

Fridley, Minn.acquired ArmCom Distributing Co., a distributor of ceiling

products.

2/2Digiliti Money Inc. Urban FT Group Inc.Urban FT Group, a digital banking software company, will

ChanhassenNew York, N.Y.acquire the business and certain assets of Digiliti Money

Inc., a subsidiary of Digiliti Money Group Inc., as part of a

merger of Digiliti into Urban FT's affiliate, FinTech Imaging

Solutions Inc.

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