Mergers and acquisitions involving Minnesota companies

TargetAcquirer

DateLocationLocationDescription

9/23Minnesota Spray-Installed Building ProductsInstalled Building Products has acquired Minnesota Spray-Foam

Foam InsulationColumbus, OhioInsulation, a provider of spray foam, fiberglass and cellulose insulation

Little Falls, Minn. installation services.

9/23Proterra InvestmentPacific Current Group Ltd.Pacific Current Group Ltd., an asset-management firm, has purchased

Partners LPForeigna minority stake in Proterra Investment Partners, a private-equity firm

9/23Truck Utilities Inc. Nesco Holdings Inc.Nesco Holdings Inc., a provider of special rental equipment to the electric

St. PaulFort Wayne, Ind.utility, telecom and rail-end markets, will acquire Truck Utilities Inc, a

specialty rentals, service and truck upfitting company.

9/24Innovative PowerSmartpitch Ventures LLCSmartpitch Ventures, a private-equity firm, has made a significant capital

Systems Inc.Fairfax, Va.investment in Innovative Power Systems Inc., doing business as IPS Solar,

9/25MHC Software Inc.Strattam Capital LLCMHC Software, an enterprise content automation and document

BurnsvilleAustin, Texasmanagement software company, has received a majority investment

Vanguard Systems Inc.MHC Software Inc.from Strattam Capital and acquired Vanguard Systems, a workflow and

Aston, Pa.Burnsvilleprocess automation company.

9/25Steben & Co. Inc.LoCorr FundsLoCorr Funds will acquire Steben & Co., an alternative-asset manager