(CHARLOTTE, NC – February 27, 2017) – North Inlet Advisors, LLC is pleased to announce the recent completion of transactions by three of its clients:
- December 2016: Scotts Miracle-Gro Company (NYSE: SMG) exercised an option to acquire shares in AeroGrow International, Inc. (OTCPK: AERO). As a result of the transaction, SMG owns 80% of AERO. AERO is a core part of SMG’s targeted growth in the hydroponics sector, which has included multiple acquisitions over the past 24 months.
- January 2017: Babcock & Wilcox Enterprises, Inc. (NYSE: BW) completed the acquisition of Universal Acoustic & Emission Technologies, Inc. Universal is a strategic add-on to the acquisition of MEGTEC, which B&W completed in 2015, and follows the acquisition of SPIG in 2016.
- February 2017: Shurtape Technologies, LLC completed the acquisition of Syntac Coated Products, LLC. Shurtape’s acquisition represents a significant strategic move that extends Shurtape’s competency in the industrial and technical tape sector.
“Each of these transactions mark successful steps in the strategic journeys of North Inlet’s clients,” said Jeff Armstrong, North Inlet’s Managing Partner. “We are grateful for the opportunity to work with Scotts, Babcock & Wilcox, and Shurtape as they continue to grow.”
North Inlet Advisors provides strategic advisory and investment banking services to public and private companies presented with new opportunities and challenges. For more information on North Inlet’s service offering, please visit www.northinletgroup.com