Latest News

We focus on local and international deals up to US$500 million in value across a wide range of sectors. Since the start of 2012 our partner firms have collectively completed over 230 deals, in 30 countries worldwide with an aggregate value of over US$17.5 billion.

Headwaters MB Announces Merger with Source Companies

15th September 2011

Denver, CO – September 15, 2011 – Mergers Alliance's US partner firm Headwaters announced today that it has merged with Source Companies, LLC

Denver, CO – September 15, 2011 – Mergers Alliance's US partner firm Headwaters announced today that it has merged with Source Companies, LLC, which was founded in 1982 to provide business owning families and family offices with growth strategy, company capitalization, governance development, and generational transition services for middle market businesses. Source has successfully represented hundreds of privately owned companies on billions of dollars worth of growth initiatives, financings, liquidity generation and intergenerational transfers. Source has also developed a highly specialized capability in its ability to provide direct investment services for family offices. As part of the merger, Source will continue to provide its traditional services but has been rebranded and will hereafter operate as Headwaters SC. James C. Bly, Jr., a founder and the president of Source, remains a principal shareholder in the merged company and will serve as the Chairman & CEO of Headwaters SC. Mr. Bly and Philip W. Seefried, the Co-Founder & CEO of Headwaters will share certain group responsibilities as Co-Chairmen. Through this business combination, Headwaters has been able to expand its service offerings to include merchant banking, investment banking, integrated advisory and family office direct investment services on a single platform. This merger will enable Headwaters, through its twelve offices, to provide longer-term support for its business-owning clients, and to offer a range of services not typically offered by middle market investment banks. Phil Seefried, Co-Founder & CEO of Headwaters, said, “We are thrilled to combine forces with Source Companies. Jim Bly and his team have a proud history of advising business owning families and family offices for nearly 30 years, and they bring along impressive reach in placing direct investments with family offices. This combination expands our platform to now include four distinct capabilities: on the advisory side we now offer both full service investment banking and a unique range of advisory capabilities for business owning families and family offices; on the proprietary capital side, we have our merchant banking funds as well as access to over 1700 family offices for the placement of direct investments. This expanded and integrated service platform better positions Headwaters to be responsive to the short- and long-term needs of private company owners, many of whom are facing once-in-a-generation decisions concerning the transition needs of their companies and their family’s wealth. Headwaters now offers a complete array of services to address these needs on a national basis.” James Bly, Chairman & CEO of Headwaters SC, commented, “During the past three decades, we have developed an ability to provide integrated advisory services to clients through our multi-disciplinary professional team. The businesses owned by our clients typically represent 20%-to-90% of their families’ personal net worth. We think of businesses as assets that need to be managed for growth and value creation, just like other financial or investment assets owned by families and family offices. The needs and objectives of business owning families and family offices are often quite unique, requiring advisors with special experience and skills. Our combination with Headwaters strengthens our ability to support clients when a financing transaction or M&A transaction is required to grow their businesses or monetize. Our broader service capabilities also recognize the fact that the owners of growing, profitable private companies often own companies that are located in smaller cities, towns or rural regions. The owners of such companies, as long as they are growing and profitable, tend to operate their companies with a purpose beyond profit. We firmly believe that the growth and perpetuation of such businesses is beneficial on many levels, and our combination with Headwaters will now enhance our ability to support them.” Paul Janson, COO & President of Headwaters added, “Like Headwaters, Source services many clients which are referred by major wealth management institutions. Source’s first such wealth management industry relationship dates back to 1989. With the addition of Headwaters SC to our platform, we now have relationships with numerous major private wealth management companies and other private wealth advisors. We are committing significant resources to work with these partners to serve their clients. I believe that we can safely say that Headwaters is now the leading independently owned growth advisory and investment bank serving the private wealth industry in the US.”
< Back

latest opinion

Trump victory & scrapping of Notes. Near term jitters provide opportunities

Two major events-one domestic and other global, have led to market jitters which in our view present an opportunity for value buying…

Agricultural Equipment and Fertilizer Update

Recent activity in the agriculture space has shown continued consolidation and financing needs. Please see our update published recently.…

So they made an offer, now what?

Financial and strategic buyers are making offers directly to business owners…

Strategic HR: building an organisation culture to balance risk and return

It’s official: we are in a low-growth world, with the latest data revealing a slowdown in the US, Europe and Japan, as well as numerous developing markets.…

India never so close to Goods & Services Tax !!

While India has been trying to implement the Goods and Service Tax (GST) for the past six years, the country has never been so close. The GST is facing its biggest hurdle in the Upper House where the passing will require a two-thirds majority and where the distribution of seats is not in favour of the ruling NDA government.…

On your marques, get set, buy

The automotive retail sector is experiencing a dramatic rise in M&A activity.With ongoing low interest rates and strong consumer confidence, new vehicle sales are continuing to reach record levels month after month.…

Construction sector - Who is making the money?

The last few weeks have seen a raft of announcements from the large housebuilders – all unfailingly disclosing impressive results for 2015 driven by high single digit to mid-teens percentage growth in both completions and average sales value.…

Exploring Leveraged Recapitalizations as an Alternative to Selling a Business

Many owners of mid-sized private companies spend much of their working lives building a business yet ultimately reach a point where they seek to enjoy some of the financial rewards of their life-long efforts.…

Indian M&A: Can 2016 be turnaround year?

After 18% decline in M&A deals in 2015, corporates and investors are betting big on 2016.…

M&A in Dutch Digital market heating up

After a recovery of a few years M&A in the Dutch digital market is heating up. Aside from the traditional buyers (WPP, Publicis, Aegis and IPG) new platform companies have emerged such as Mediamonks, Oxyma and Tamtam. These companies, backed by large PE firms, are actively scanning the market to find additions to their product portfolio and we anticipate multiple transactions to be executed.…

View more >

latest deals

array(7) {
  ["id"]=>
  int(911)
  ["completion_date"]=>
  string(24) "2016-11-23T00:00:00+0000"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(578)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(576)
      }
    }
  }
  ["intro"]=>
  string(188) "GTM Holdings and its controlling shareholder, Advent International, acquired Peruquimicos S.A.C.  in Peru. This is Advent's first direct investment in the country. 

GTM Holdings…"
  ["display_name"]=>
  string(12) "Peruquimicos"
}
Peruquimicos

GTM Holdings and its controlling shareholder, Advent International, acquired Peruquimicos S.A.C. in Peru. This is Advent's first direct investment in the country.

GTM Holdings…

array(7) {
  ["id"]=>
  int(907)
  ["completion_date"]=>
  string(24) "2016-11-02T00:00:00+0000"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(288)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(290)
      }
    }
  }
  ["intro"]=>
  string(216) "Capitalmind assisted Groupe Pichon Industries on a €3m convertible bonds issue subscribed by Unigrains, Unewo and Bpifrance Investissement.

Groupe Pichon Industries is an independent family-owned company…"
  ["display_name"]=>
  string(6) "PICHON"
}
PICHON

Capitalmind assisted Groupe Pichon Industries on a €3m convertible bonds issue subscribed by Unigrains, Unewo and Bpifrance Investissement.

Groupe Pichon Industries is an independent family-owned company…

array(7) {
  ["id"]=>
  int(881)
  ["completion_date"]=>
  string(24) "2016-09-30T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(718)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(370)
      }
    }
  }
  ["intro"]=>
  string(179) "Headwaters MB advised Quala-Die, Inc. a recognized leader in the design, engineering and production of powder metal compaction tooling and precision machining, on its sale…"
  ["display_name"]=>
  string(14) "Quala Die, Inc"
}
Quala Die, Inc

Headwaters MB advised Quala-Die, Inc. a recognized leader in the design, engineering and production of powder metal compaction tooling and precision machining, on its sale…

array(7) {
  ["id"]=>
  int(879)
  ["completion_date"]=>
  string(24) "2016-09-26T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(5) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(199)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(199)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(174)
      }
    }
    [3]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(197)
      }
    }
    [4]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(499)
      }
    }
  }
  ["intro"]=>
  string(173) "The business takes a transformative, application-led approach and specialises in agile hybrid solutions that deliver the best of public and private cloud as a single…"
  ["display_name"]=>
  string(5) "Adapt"
}
Adapt

The business takes a transformative, application-led approach and specialises in agile hybrid solutions that deliver the best of public and private cloud as a single…

array(7) {
  ["id"]=>
  int(882)
  ["completion_date"]=>
  string(24) "2016-09-21T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(718)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(416)
      }
    }
  }
  ["intro"]=>
  string(172) "Headwaters MB advised Sterilox Fresh, a portfolio of Puricore, on it's sale to Chem-star Industries.

Chem-star is a world leader in starch based polymers and one…"
  ["display_name"]=>
  string(14) "Sterilox Fresh"
}
Sterilox Fresh

Headwaters MB advised Sterilox Fresh, a portfolio of Puricore, on it's sale to Chem-star Industries.

Chem-star is a world leader in starch based polymers and one…

array(7) {
  ["id"]=>
  int(874)
  ["completion_date"]=>
  string(24) "2016-09-08T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(5) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(607)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(174)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(174)
      }
    }
    [3]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(181)
      }
    }
    [4]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(455)
      }
    }
  }
  ["intro"]=>
  string(157) "The majority shareholder, and son of the founder, decided it was time to exit and, having demonstrated over our long relationship with the owners our…"
  ["display_name"]=>
  string(26) "Belfield Furnishings Group"
}
Belfield Furnishings Group

The majority shareholder, and son of the founder, decided it was time to exit and, having demonstrated over our long relationship with the owners our…

array(7) {
  ["id"]=>
  int(875)
  ["completion_date"]=>
  string(24) "2016-09-08T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(4) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(100)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(309)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(174)
      }
    }
    [3]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(561)
      }
    }
  }
  ["intro"]=>
  string(192) "Catalyst has a long standing relationship with Air Dispatch’s parent, Chapman Freeborn (a leading global aircraft broking business) which, having identified the niche opportunity and…"
  ["display_name"]=>
  string(12) "Air Dispatch"
}
Air Dispatch

Catalyst has a long standing relationship with Air Dispatch’s parent, Chapman Freeborn (a leading global aircraft broking business) which, having identified the niche opportunity and…

array(7) {
  ["id"]=>
  int(876)
  ["completion_date"]=>
  string(24) "2016-09-01T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(4) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(365)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(25)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(78)
      }
    }
    [3]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(365)
      }
    }
  }
  ["intro"]=>
  string(205) "Management/shareholders of Buisman were approached by Bencis Capital Partners who acquired Prinsen (developer and producer of high quality instant food products in consumer packaging for retailers…"
  ["display_name"]=>
  string(19) "Koninklijke Buisman"
}
Koninklijke Buisman

Management/shareholders of Buisman were approached by Bencis Capital Partners who acquired Prinsen (developer and producer of high quality instant food products in consumer packaging for retailers…

array(7) {
  ["id"]=>
  int(880)
  ["completion_date"]=>
  string(24) "2016-08-12T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(3) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(198)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(198)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(499)
      }
    }
  }
  ["intro"]=>
  string(154) "FMP Global originally started business back in the early 1990s serving the UK and USA payroll markets. FMP is now the UK independent market leader…"
  ["display_name"]=>
  string(10) "FMP Global"
}
FMP Global

FMP Global originally started business back in the early 1990s serving the UK and USA payroll markets. FMP is now the UK independent market leader…

array(7) {
  ["id"]=>
  int(870)
  ["completion_date"]=>
  string(24) "2016-08-09T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(3) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(710)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(314)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(440)
      }
    }
  }
  ["intro"]=>
  string(186) "Headwaters MB advised Precision Opinion, a high-end provider of custom market research and business intelligence, on the acquisition of certain assets of Universal Survey Center,…"
  ["display_name"]=>
  string(23) "Precision Opinion, Inc."
}
Precision Opinion, Inc.

Headwaters MB advised Precision Opinion, a high-end provider of custom market research and business intelligence, on the acquisition of certain assets of Universal Survey Center,…

array(7) {
  ["id"]=>
  int(886)
  ["completion_date"]=>
  string(24) "2016-08-05T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(718)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(437)
      }
    }
  }
  ["intro"]=>
  string(190) "Headwaters MB advised WestView Capital Partners II, L.P. and its partnering shareholders on the sale of Graphic Controls Holdings, Inc. (“Graphic Controls” or the “Company”),…"
  ["display_name"]=>
  string(20) "Graphic Controls LLC"
}
Graphic Controls LLC

Headwaters MB advised WestView Capital Partners II, L.P. and its partnering shareholders on the sale of Graphic Controls Holdings, Inc. (“Graphic Controls” or the “Company”),…

array(7) {
  ["id"]=>
  int(868)
  ["completion_date"]=>
  string(24) "2016-08-04T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(3) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(449)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(173)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(342)
      }
    }
  }
  ["intro"]=>
  string(171) "Ethica Corporate Finance advised the shareholders of Forno della Rotonda S.p.A. in the sale of the 100% stake to Headway Capital Partners, the London-based private…"
  ["display_name"]=>
  string(26) "Forno della Rotonda S.p.A."
}
Forno della Rotonda S.p.A.

Ethica Corporate Finance advised the shareholders of Forno della Rotonda S.p.A. in the sale of the 100% stake to Headway Capital Partners, the London-based private…

array(7) {
  ["id"]=>
  int(885)
  ["completion_date"]=>
  string(24) "2016-08-02T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(3) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(718)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(481)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(227)
      }
    }
  }
  ["intro"]=>
  string(169) "Headwaters MB advised BH Electronics, a leading provider of electrical and electronic systems, components and parts sold into the marine industry, on its sale to…"
  ["display_name"]=>
  string(36) "BH Electronics - Project Electronics"
}
BH Electronics - Project Electronics

Headwaters MB advised BH Electronics, a leading provider of electrical and electronic systems, components and parts sold into the marine industry, on its sale to…

array(7) {
  ["id"]=>
  int(869)
  ["completion_date"]=>
  string(24) "2016-07-28T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(3) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(449)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(173)
      }
    }
    [2]=>
    array(2) {
      ["level"]=>
      int(2)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(21)
      }
    }
  }
  ["intro"]=>
  string(188) "Ethica Corporate Finance advised the shareholders of Castaldi Lighting S.p.A. in the sale to Headway Capital Partners, the London-based private equity secondary firm specialized in…"
  ["display_name"]=>
  string(24) "Castaldi Lighting S.p.A."
}
Castaldi Lighting S.p.A.

Ethica Corporate Finance advised the shareholders of Castaldi Lighting S.p.A. in the sale to Headway Capital Partners, the London-based private equity secondary firm specialized in…

array(7) {
  ["id"]=>
  int(866)
  ["completion_date"]=>
  string(24) "2016-07-28T00:00:00+0100"
  ["publicised_transaction"]=>
  bool(false)
  ["hide_on_website"]=>
  bool(false)
  ["involved_users"]=>
  array(2) {
    [0]=>
    array(2) {
      ["level"]=>
      int(0)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(288)
      }
    }
    [1]=>
    array(2) {
      ["level"]=>
      int(1)
      ["user"]=>
      array(1) {
        ["id"]=>
        int(288)
      }
    }
  }
  ["intro"]=>
  string(197) "Capitalmind assisted Audevard Laboratories on its acquisition from Ceva Animal Health of its equine product portfolio in Europe, including Tildren, a well-established bone remodelling drug.…"
  ["display_name"]=>
  string(58) "Audevard Laboratories - Acquisition of Ceva's equine range"
}
Audevard Laboratories - Acquisition of Ceva's equine range

Capitalmind assisted Audevard Laboratories on its acquisition from Ceva Animal Health of its equine product portfolio in Europe, including Tildren, a well-established bone remodelling drug.…

View more >
'http://api.mergers-alliance.com/api/public'