Press room

Wipfli Corporate Finance Advisors acted as the exclusive financial advisor to Fore-Front Mechanical, Inc. in connection with this transaction.

A.C. McCartney (ACM), founded in 1950, is a leading dealership group primarily selling and servicing AGCO farm equipment. The company has five locations throughout Illinois that include Durand, Wataga, Carthage, Mt. Sterling and Fulton.

Missouri Pipe Fittings Company (MOPIPE) is a leading manufacturer and importer of pipe nipples, fittings and other components. MOPIPE has an extensive history, founded in 1933 and growing from a small machine shop operation to a nationwide solution for large OEMs and PVF houses across many industries. The company has been family owned for much of its history, and maintaining the culture was important to the shareholders as they sought a partner to help grow the business and provide an opportunity for transition for some family members.

Wipfli Corporate Finance Advisors, LLC is pleased to congratulate Benson, Minnesota- based West 12 Bancorporation, Inc. on its recent sale of its wholly owned subsidiary, State Bank of Danvers, to Annandale, Minnesota-based Lake Central Financial, Inc., the holding company of Lake Central Bank.

Wipfli Corporate Finance Advisors, LLC is pleased to congratulate Toronto-based Firan Technology Group Corporation (TSX:FTG), a leading provider of electronic products and avionic subsystems for the aerospace and defense markets, on its acquisition of Holaday Circuits Inc.

Wipfli Corporate Finance Advisors, LLC is pleased to congratulate Benson, Minnesota-based West 12 Bancorporation and its wholly owned subsidiary State Bank of Danvers (“Danvers”) on their sale to Annandale, Minnesota-based Lake Central Financial, the holding company of Lake Central Bank (“Lake Central”).

We believe companies in the lower middle market may have the potential to attract a range of buyers and investors, including high-net-worth individuals, strategic corporate acquirers and private equity firms. To many audiences, the motivation of the private equity buyer may seem the most opaque.

Wipfli Corporate Finance Advisors is pleased to announce the completion of the sale of Amperage Electrical Supply, Inc to Consolidated Electrical Distributors, Inc.

Wipfli Corporate Finance Advisors is pleased to congratulate Headwaters Bancorp, Inc. (parent company to Headwaters State Bank) on its recent sale to Lake Shore III Corporation (parent company to Hiawatha National Bank).

Wipfli Corporate Finance Advisors is pleased to congratulate Advance Electrical Supply on their recent sale to Border States. Founded in 1945, Advance Electrical Supply is a wholesale electrical supply leader with more than 100 employees serving the Chicago-area market. The company has averaged double-digit revenue growth over the past five years with sales generated primarily in the construction market.

Glenwood City, Wis.-based Lake Shore III Corporation (parent company to Hiawatha National Bank) agreed to acquire Land O’Lakes, Wis.-based Headwaters Bancorp, Inc. (parent company to Headwaters State Bank). The financial terms of the agreement were not disclosed. The deal is expected to close in the third quarter of 2022, pending regulatory approval, approval of Headwaters Bancorp, Inc.’s shareholders, and other customary closing conditions.

Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, Bauer Industries, Inc. has sold its subsidiaries, Modern Insulation, Champion Insulation, and two additional transportation entities, (in total, the “Company”) to Tyrian Capital, LLC (“Tyrian Capital”), an independent sponsor headquartered in Chicago, Illinois.

Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, Closet Works (“CW”) has been acquired by The Container Store (“TCS”), the leading specialty retailer of storage and organization solutions and custom closets, based in Coppell, Texas.

Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, RWCI Equipment Sales (“RWCI” or the “Company”) has been acquired by RWCI Acquisition, LLC, a portfolio company of Konza Valley Capital, Inc. (“KVCI”) and Capital For Business, Inc. (“CFB”).

Wipfli Corporate Finance Advisors, LLC is pleased to announce its client, Nutrition Service Company, Inc. (“Nutrition Service,” “NSC” or the “company”) has partnered with Benford Capital Partners Management, L.P. (“Benford Capital” or “BCP”) in a recapitalization transaction.

La Salle, Ill.-based Eureka Savings Bank agreed to acquire Wenona, Ill.-based Wenona Bancorp Inc. in an all-cash deal.

Wipfli Corporate Finance Advisors, LLC, is pleased to announce the successful sale of its client, Security Door & Hardware Co. and Security Builders Supply Co. to Central Indiana Hardware, Inc. (CIH).

Wipfli Corporate Finance Advisors, LLC, is pleased to announce the successful sale of its client, Chicago Switchboard, to CSB Investco, led by Gordon Liao, Roberto Ferranti and Keith Platt. Chicago Switchboard, Inc. is a leading manufacturer of custom?engineered electrical power distribution equipment, including switchgear, switchboards and panelboards. Chicago Switchboard has been in the Blomquist family for over 75 years.

Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) and Advantage Community Bancshares, Inc. (“Advantage”) jointly announced the execution of a definitive merger agreement, pursuant to which Nicolet will acquire Advantage and its wholly-owned banking subsidiary, Advantage Community Bank. Terms of the all-cash deal were not disclosed.

Wipfli Corporate Finance Advisors, LLC, is pleased to announce the successful sale of its client, Rockford Fastener, to Elgin Fastener Group (EFG).

Time Federal Savings Bank of Medford, Wis., has agreed to purchase River Cities Bancshares and River Cities Bank of Wisconsin Rapids, Wis. The sale is expected to close in 2019, pending regulatory approval. Terms of the deal were not disclosed. Prior to the combination, Time Federal Savings Bank had $585.8 million in assets, while River Cities Bank had assets of $256.3 million. WCF Advisors is advising River Cities Bancshares on the transaction. Boardman & Clark LLP is legal counsel.

Wipfli Corporate Finance Advisors, LLC (WCF) is pleased to announce the successful sale of its client, PFSB Bancorp, Inc., the holding company for Pigeon Falls State Bank (“the Bank”), to PF Investors, Inc. Prior to the combination, the bank had approximately $75 million in assets. Terms of the transaction were not disclosed. WCF Advisors served as the investment bank for PFSB Bancorp, Inc. and the Bank. Michael Warren of Ballard Spahr LLP was legal counsel.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Dairyland State Bank, to Superior Choice Credit Union. Prior to the combination, the Superior-based credit union had $417.5 million in assets while the Bruce-based Dairyland had $79.8 million. Terms of the transaction were not disclosed. Dairyland was represented by Randi Osberg of Ruder Ware LLSC. WCF Advisors LLC served as the investment bank of Dairyland.

Minneapolis (July 23, 2018) — Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Equity Bank Holding Company, Inc. (parent of Equity Bank). Equity currently operates two full-service banking centers in Minnetonka and Claremont, Minnesota. Financial terms of the transaction were not disclosed.

Wipfli Corporate Finance Advisors (WCF Advisors) announced today that it has expanded the team with the recent addition of Robert Meyer. In his new position, Meyer will leverage over 15 years of experience in investment banking and corporate finance to execute mergers and acquisitions and capital raises for clients. He will be based in WCF Advisors’ Downtown Chicago location.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Ewen Bancshares, Inc. (Ewen) (parent of State Bank of Ewen), to West End Financial Corporation (West End) (parent of Gogebic Range Bank).

The Minneapolis/St. Paul Business Journal held a panel discussion recently, featuring three experts to talk about mergers and acquisitions.

Wipfli Corporate Finance Advisors LLC (WCF) announced today the successful sale of its client, Farmers State Bank of Sublette (Farmers), to NBE Bancshares, Inc. (Pioneer). Farmers currently operates two full-service banking centers in Sublette, Illinois. The acquisition is expected to boost Pioneer’s assets to $103 million. Financial terms of the transaction were not disclosed.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, First National Bank of Eagle River (FNBER), to Mackinac Financial Corp. (Mackinac), the parent company of mBank.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Franklin Grove Bank (FGB), to Amboy Bancorp, Inc. (Amboy).

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Chippewa Valley Airport Service, Inc. (CVAS), to Groome Transportation, a family owned Richmond, VA, based provider of transportation services, including airport shuttle and charter services.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Skyline Shuttle, Inc. (Skyline), to Groome Transportation (Groome), a family owned Richmond, VA, based provider of transportation services, including airport shuttle and charter services.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of Zander Dental, S.C., to Wolf River Dental, LLC.

The Minneapolis/St. Paul Business Journal held a panel discussion recently, featuring three expert panelists to explore topics about the M&A market. Panelists included Jeff Milkie.

Wipfli Corporate Finance Advisors LLC (WCF) is pleased to announce the successful sale of its client, Product Support Solutions, Inc. (PSS), to Eckoh plc (Eckoh), a publicly traded United Kingdom-based provider of secure payment products and customer service solutions.

The Minneapolis/St. Paul Business Journal held a panel discussion recently, featuring five expert panelists, including WCF Advisors Jeff Milkie, to explore topics about the M&A market and landscape.

Minneapolis metro-based asphalt paving contractor specializing in public and private commercial projects completes a $17.6 million debt transaction.

Wipfli Corporate Finance Advisors LLC (WCF) announced today that its client, Fiberstar, Inc. (Fiberstar) has completed a $10.64 million growth focused debt transaction with Associated Bank, N.A. (Associated Bank) and Spell Capital Mezzanine Partners SBIC, LP (Spell Capital Mezzanine). Proceeds from the capital that was raised will be used to quadruple Fiberstar’s Florida production capacity and as working capital to support Fiberstar’s growth.

WCF Advisors LLC announced today that its client, Clinkenbeard & Associates, Inc. (Clinkenbeard), has been acquired by Generation Growth Capital Fund I, LP (GGC). GGC is a Milwaukee-based private equity fund that provides capital to small businesses, supporting a broad range of growth opportunities and ownership transitions.