Mergers & Acquisitions

Omaha, Nebraska -- Lozier Corporation, a provider of store fixtures to major retailers around the world, announced the acquisition of the Leggett & Platt Store Fixtures Group, another leading manufacturer of retail fixtures.  

In the rapidly changing landscape for payments, market leader Vantiv is changing more rapidly than most as evidenced by dramatic growth in its transaction volume, revenues and profits.

Each of those measures surged during the company’s third quarter ended September 30. Thanks in large part to acquisitions, transaction volume in the merchant service group increased 31% which caused net revenue to increase 42% to $297.7 million. The company’s total revenue increased 31% to $697.1 million while adjusted net income increased 21% to $96.9 million, or 49 cents a share.

New York –- Kurt Salmon has named Brian Ehrig as a partner in its Retail and Consumer Products Group.   Ehrig has spent the last 16 years creating new operational strategies and product offerings for retail and consumer goods companies, as well as leading transformation projects, including those for new market entrances and involving new retail concepts. Ehrig's most recent role was director at PwC.  

Sandy, Utah -- A partnership between Pacific Retail Capital Partners, Silverpeak Real Estate Partners and the merchant banking division of Goldman Sachs announced that it has acquired the 1.3 million-square-foot South Towne Center Mall and Marketplace in Sandy, Utah.   

Whitehouse, Ohio -- Devonshire REIT announced the acquisition of three shopping centers at a total cost of $69.75 million: Maple Hill Mall in Kalamazoo, Mich., Alpine Summit Shopping Center in Grand Rapids, Mich. and Northwest Crossings Shopping Center in Knoxville, Tenn.  

Goodlettsville, Tenn. -- Dollar General Corp extended its $80-a-share tender offer to acquire rival Family Dollar Stores Inc. from Oct. 31, 2014, to Dec. 31, 2014, unless further extended. It is the second time Dollar General has extended its offer.     About 4 million shares, or some 3.6% of Family Dollar's total share capital of about 114 million, had been validly tendered into the offer as of Oct. 30, Dollar General said in a statement.  

Memphis, Tenn. -- Fred's Inc. named Jerry Shore as its next CEO. Shore has served as the company's executive VP and CFO for more than 14 years. He assumed the additional title of COO in Jan. 2014.   Shore's promotion follows follows notification by current CEO Bruce A. Efird of his intention to leave Fred’s upon the expiration of his contract.   

Flower Mound, Texas -- UCR Dallas announced that Luna Grill opened its first Texas location in October, debuting at Riverwalk Market at the northeast corner of FM 2499 and FM 1171 in Flower Mound, Texas.

 

The Mediterranean restaurant leased 2,200 sq. ft. with an outdoor patio. Luna Grill currently has 16 locations in California and Texas, and expects to open more in 2015.