News and Articles

Shields & Company is a Bronze Sponsor of Voices of Hope

Shields & Company is a bronze sponsor of the Voices of Hope event being held at Ipswich Country Club on April 9th, 2016.

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WorldStrides Acquires Explorica

Explorica is a dedicated leader in educational travel, providing teacher-led tours full of authentic, interactive learning experiences.

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Integrity Mold has Partnered with Montage Partners

Integrity Mold is a leading supplier of custom injection molding and tooling services for customers with highly engineered plastic components. Founded in 2005 ...

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Tim White was a speaker at "Maximizing Your Exit Strategy: A Business Owner’s Conference"

Presented by Bank of America in partnership with Babson Executive Education

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Boston Pipe & Fittings Has Been Acquired by Independent Pipe and Supply

Independent Pipe and Supply acquired Boston Pipe & Fittings located in Somerville, MA.

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Phoenix Strategy Investments Acquires PI Worldwide

PI Worldwide, a leader in workforce analytics and science-driven insights that help optimize the performance and potential of individuals, teams, and organizations, today announced that it has been acquired by Phoenix Strategy Investments.

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Tim White Elected Officer and Vice President of LifeLinks, Inc. Board of Directors

LifeLinks, Inc. celebrated its diamond anniversary in style at Vesper Country Club in Tyngsboro, Wednesday, October 15th

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Cambridge Education Group Acquires Boston Academy of English

Shields & Company advised Boston Academy of English in the transaction ...

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Gemini Investors Acquires Workplace Systems

Workplace Systems, Inc. ("Workplace Systems" or the "Company"), a family-owned business since the 1940s, engages in the design and manufacture of high-quality modular work furnishings ...

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Press Ganey Acquires Dynamic Clinical Systems

Founded on the groundbreaking work of researchers from Dartmouth Medical School and Dartmouth-Hitchcock Medical Center, Dynamic Clinical Systems ("DCS") helps health care organizations measure and analyze patient-reported health history and outcomes ...

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Chris Nicholas, a Featured Member of ACG Boston

Shields & Company’s Vice President, Chris Nicholas, was a featured member of ACG Boston in November. Please see Chris’s detailed interview with ACG presented below.

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Janice Shields to speak at SBANE’s Masters of the M&A Universe Panel

Janice Shields, Managing Director at Shields & Company, served as a guest speaker at the Smaller Business Association of New England’s (SBANE) panel discussion, Masters of the M&A Universe, held on February 27, 2013...

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Shields & Company is pleased to announce the sale of Amazing Charts to Pri-Med

Pri-Med, the leading provider of professional medical education to a community of more than 260,000 clinicians, today announced the purchase of Amazing Charts, a leading provider of electronic health records (EHR) to independent medical practices...

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Shields & Company is now a member of Geneva Group International

Shields & Company is now a participating member of Geneva Group International (GGI), the largest multidisciplinary alliance of independent law, accounting, audit, and consulting firms...

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Tim White, Shields & Company Managing Director, to Speak at Bank of America Merrill Lynch Conference

Tim White will be a keynote speaker and panelist at Bank of America Merrill Lynch’s Conference for Business Owners: M&A Solutions for Privately Held Companies...

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Shields & Company is pleased to announce the sale of AGAR Supply Co. to Reinhart Foodservice

Shields & Company advised Agar Supply Co. in the transaction...

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Tim White to Join Board of StarPak Ltd. and Superbag Corporation

Tim White has joined a newly formed Board of Advisors which will oversee a group of flexible packaging companies including StarPak Ltd. and Superbag Corporation...

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Shields & Company is pleased to announce the sale of The Joint Venture of Thompson Transit and YCN Transportation, LLC and Y.C.N. Transportation, Inc. to National Express Corporation

Shields & Co. led and managed a successful cross-border sale of two non-emergency medical transportation companies to National Express Corporation (NEC), the North American subsidiary of National Express Group, PLC (LSE:NEX), a premier transportation firm in the United Kingdom...

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Metals USA Acquires Gregor Technologies

Metals USA Holdings Corp., a leading provider of processed carbon steel, stainless steel, aluminum and other metals, announced today that it has acquired Gregor Technologies, LLC...

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MCRC Completes Investment in PointRight Data Analytics

Shields & Company is pleased to announce that Massachusetts Capital Resources Company has made an investment in PointRight...

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Concord’s Jericho Road Project Trains Local Execs to Serve

When Concord resident Tim White was looking for a way to give back, a call from a friend on the Jericho Road Project board couldn’t have come at a better time...

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Tim White Appointed to the Board of Directors of LifeLinks, Inc.

We would like to ask you to join us in welcoming Tim White as a new member of the LifeLinks Board of Directors...

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Shields & Company advises Business & Legal Reports in the merger with Prairie Capital-owned M.Lee Smith Publishers

Leading information resource providers BLR® - Business & Legal Resources of Old Saybrook, CT and M. Lee Smith Publishers of Brentwood, TN announce today the completion of their merger...

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Littelfuse Announces Acquisition of Cole Hersee Company

Littelfuse, Inc. today announced that it has purchased all the outstanding stock of Cole Hersee Co. Cole Hersee, which is based in Boston, Massachusetts...

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Shields & Company is pleased to announce the recapitalization of The Leavitt Corporation

The Leavitt Corporation, a family-owned and operated branded peanut butter manufacturer, retained Shields & Company to assist in the valuation, structure, and management of the recapitalization of the Company...

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Shields & Company is a Bronze Sponsor of Voices of Hope

Shields & Company is a bronze sponsor of the Voices of Hope event being held at Ipswich Country Club on April 9th, 2016. The event is hosted by Amirah Boston, a local non-profit organization that seeks to provide a refuge for survivors of human trafficking. Read more here about Amirah, the cause it supports, and the Voices of Hope event: http://www.amirahboston.org/

Boston Pipe & Fittings has been acquired by Independent Pipe and Supply

Independent Pipe and Supply acquired Boston Pipe & Fittings located in Somerville, MA. Jeffrey Nierman, the President and CEO of Independent Pipe and Supply said: "This merging of one of Boston's most respected supply houses, established in 1918, with Independent Pipe, will dramatically enhance our ability to truly serve the Boston market." Shields & Company represented Boston Pipe & Fittings in the transaction.

Read the deal announcement here: http://www.indpipe.com/

WorldStrides acquires Explorica

Explorica is a dedicated leader in educational travel, providing teacher-led tours full of authentic, interactive learning experiences. Since 2000, the company has helped more than 1 million students and their teachers experience new cultures, languages and people in over 75 countries. Shields & Company advised Explorica in the transaction.

Read the deal announcement here: https://www.explorica.com/blog/worldstrides_news

Integrity Mold has Partnered with Montage Partners

Integrity Mold is a leading supplier of custom injection molding and tooling services for customers with highly engineered plastic components. Founded in 2005 and headquartered in Tempe, Arizona, Integrity serves customers across diverse end markets, including the medical, consumer durables, transportation and construction industries who share high standards for excellence in product quality, precision engineering, production efficiency and on-time delivery.

Montage invested in Integrity Mold in December 2015 in a recapitalization in partnership with the Company’s founders and management, which included providing capital for Integrity to accelerate investments in state-of-the-art equipment and talented team members that will support the Company’s continued growth. Shields & Company advised Integrity Mold in the transaction.

Tim White was a speaker at “Maximizing Your Exit Strategy: A Business Owner’s Conference

See the event’s agenda here: Babson Maximizing Exit Strategy Agenda (pdf)

Shields & Company advised PI Worldwide in the transaction.

Read the deal announcement

Shields & Company advised Boston Academy of English in the transaction.

Read the press release

Workplace Systems, Inc. ("Workplace Systems" or the "Company"), a family-owned business since the 1940s, engages in the design and manufacture of high-quality modular work furnishings, such as laboratory and work benches, for facilities across North America. Workplace Systems offers twelve core product lines and more than fifty add-on accessories to customers across a wide variety of industries, including laboratory instrument and equipment manufacturers, educational institutions, electrical/electronic assemblers, healthcare device companies, industrial machinists, government institutions, and more. Through over 65 years of thoughtful innovation and diligent customer service, Workplace Systems has developed a reputation for progressive, quality products that fit the unique needs of each of its numerous customers. The Company is located in Londonderry, New Hampshire.

Shields & Company represented Workplace Systems in its sale to Gemini Investors, a private equity firm based in Wellesley, Massachusetts.

Founded on the groundbreaking work of researchers from Dartmouth Medical School and Dartmouth-Hitchcock Medical Center, Dynamic Clinical Systems ("DCS") helps health care organizations measure and analyze patient-reported health history and outcomes, and provides insights into the process of care. Through real-time data capture and analytics, physicians and care teams can respond to patient feedback before, during, and after treatment, thereby enabling care providers to better improve engagement and outcomes. DCS is headquartered in Hanover, New Hampshire.

Shields & Company represented DCS in its sale to Press Ganey Associates, Inc. ("Press Ganey"), the leading patient experience improvement firm in the United States. The acquisition bolsters Press Ganey's Patient Voice™ portfolio for health care organizations, enhancing its ability to collect, measure, and analyze patient-reported data. Through a partnership with Press Ganey, DCS gains the sales force and national marketing presence needed to significantly expand its footprint in the health care space. By combining patient-reported outcomes with Press Ganey's suite of patient and employee products and services, clients will be able to garner deeper patient insights to drive segmentation and further focus their improvement efforts.

Download the press release

Chris Nicholas
Vice President
Shields & Company

What do you think is the most important virtue?
As I gain more experiences, the more I realize the importance of trust. As an employee I trust that senior team members are leading individual deals and the firm in the right direction. As a manager I trust that Analysts and Associates are managing their time and asking questions if numbers or a process does not make sense. Finally, as an advisor, clients place a tremendous amount of trust in us that we have designed and will run an appropriate process to achieve the desired outcomes, while balancing the interests of the various stakeholders. Trust is at the very center of what we do every day.

How did you first get involved with ACG Boston?
I was introduced to ACG Boston very early in my career. Jan Shields served as the ACG Boston President for three years and was the first to show me the impact that the events and networking can have on our business. Another colleague was on the committee that launched what is now Deal Hunters and provided a comfortable environment to learn how to network with a group of peers. When I returned to Boston in 2012, I knew full-time membership was important as I begin the next stage of my career.

If you could play any instrument, what would it be?
I love music, always have. I began playing the piano in third grade and have learned to play the saxophone and some very bad guitar. I also love to sing. The only problem is I can’t carry a tune in a bucket. I have even embarrassed my family during Christmas Eve carols. If I could learn to sing it would make me and my family a lot happier.

If you could eliminate one thing you have to do every day, what would it be?
Sleep. There are so many things I would do with that time, including spend time with friends and family, exercise, read, work on my short game, and improve my culinary skills. Just an hour a day for each of those five activities would be wonderful.

If you had a theme song that played when you walked in a room, what would it be?
I have been listening to “My Songs Know What you Did in the Dark (Light Em Up)” by Fall Out Boy. It’s a good song to get the adrenaline flowing and was the song of the 2013 NHL Playoffs.

What is the best life advice you would share with someone?
I remember as a kid my dad saying “hard work plus desire equals success.” One without the other won’t get you there.”

Janice Shields to speak at SBANE’s Masters of the M&A Universe Panel

February 27 2013

Janice Shields, Managing Director at Shields & Company, served as a guest speaker at the Smaller Business Association of New England’s (SBANE) panel discussion, Masters of the M&A Universe, held on February 27, 2013.

SBANE was founded in 1938, is a private not-for-profit association of approximately 700 member companies located throughout the six-state region. SBANE was established to provide a legislative voice for small business at the state and federal levels and to make practical information available to help business owners grow their companies. SBANE runs diverse, educational programs each year and has active chapters in Massachusetts and Rhode Island. The membership is characterized by a high degree of participation, reflected in a large and dynamic committee structure, addressing a range of topics from international trade to human resources. Shields & Company remains a long-standing member of SBANE and continues to actively contribute to SBANE events.

Shields & Company is pleased to announce the sale of Amazing Charts to Pri-Med

November 19 2012

Boston, Mass., November 19, 2012Pri-Med, the leading provider of professional medical education to a community of more than 260,000 clinicians, today announced the purchase of Amazing Charts, a leading provider of electronic health records (EHR) to independent medical practices.

As an independent operating subsidiary of Pri-Med, Amazing Charts will continue to offer its intuitive and affordable software solutions to clinicians, but now will have the resources to accelerate product development and the geographic reach of Pri-Med’s medical education conferences in 30 cities nationwide. Dr. Jonathan Bertman, founder of Amazing Charts, will continue to serve as President, with Kathleen Repoli serving as Senior Vice President. Other terms of the deal were not disclosed.

“Given the vast amount of knowledge and the pace at which practice recommendations change, providing real-time feedback to clinicians based on their current practice styles is critical,” said Jonathan Bertman, MD, FAAFP, founder and President of Amazing Charts. “While other EHR vendors may try to find ways to sell EHR data to the highest bidder, we believe any use of this data must be ethical, with clear and consistent disclosure, and used to improve patient outcomes rather than allow advertisers to better target consumers. And after being contacted by dozens of companies, including other EHRs, private equity firms, and venture capitalists, I have no doubt that Pri-Med is the best possible partner for our clients, our employees, and most importantly, the patients for whom we all care.”

With Amazing Charts, Pri-Med gains a next-generation medical education platform strategically located at the point of patient care, enabling it to deliver CME activities where and when decision support is needed.

“The holy grail of medical education is to demonstrate improved patient outcomes as a result of access to unbiased evidenced-based CME. We believe that in addition to our live meetings and online CME courses, providing this education at the point of care is the obvious next step, and we are excited to develop this with Amazing Charts,” said John Mooney, founder and CEO of Pri-Med. “With this deeply integrated partnership, we are together reimagining the EHR as a real-time educational instrument that expands well beyond managing one’s practice”

“Pri-Med has been committed to developing clinician-friendly solutions that are accessible, affordable and immediately applicable to patient care,” added Bertman. “That’s why we have attended every Pri-Med conference for over nine years! Pri-Med’s customers are our customers, and to say I am excited about what we can do together would be an understatement.”

Shields & Company, Inc. advised Amazing Charts in the transaction.

Click here to watch John Mooney and Dr. Jon Bertman discuss their vision for this unique partnership and how it came to be.

Shields & Company is now a member of Geneva Group International

October 12 2012

Shields & Company is now a participating member of Geneva Group International (GGI), the largest multidisciplinary alliance of independent law, accounting, audit, and consulting firms.

GGI is a worldwide alliance of well-established and experienced firms committed to providing clients with specialist solutions for their international business requirements. An in-depth understanding of local legal and fiscal differences is a must for businesses to be successful in their cross-border activities.

Through this premier network of firms, Shields & Co. will increase its international presence and gain access to professional and approachable experts in over 100 countries worldwide. GGI will enable Shields & Co. to better serve its clients by offering access to a combination of global resources, business expertise, and local market knowledge.

Tim White, Shields & Company Managing Director, to Speak at Bank of America Merrill Lynch Conference

October 1 2012

Tim White will be a keynote speaker and panelist at Bank of America Merrill Lynch’s Conference for Business Owners: M&A Solutions for Privately Held Companies. The program will be held at Bank of America Merrill Lynch’s 100 Federal Street headquarters beginning at 8:00 am on Thursday October 11th. He will be joined by Stephen Cohen and William Gelnaw from Choate, Hall & Stewart, LLP. Program details are attached here. Shields & Company clients that are interested in attending should email Chelsea Hanlon at .

Shields & Company is pleased to announce the sale of AGAR Supply Co. to Reinhart Foodservice

September 24 2012

Shields & Company advised Agar Supply Co. in the transaction.

Download the press release

Tim White to Join Board of StarPak Ltd. and Superbag Corporation

April 1 2012

Tim White has joined a newly formed Board of Advisors which will oversee a group of flexible packaging companies including StarPak Ltd. and Superbag Corporation located in Houston TX. Mr. White brings 15 years of experience in advising companies in the plastic film, flexible and ridged plastic packaging, and plastic recycling industries.

StarPak is the premier domestic supplier of printed shrink films and custom plastic packaging products, setting the standard for innovation in the flexible packaging industry.

Superbag is one of the nation’s largest manufacturer of custom plastic and compostable carryout bags, providing one of the world’s most environmentally friendly check out solutions.

Shields & Company is pleased to announce the sale of The Joint Venture of Thompson Transit and YCN Transportation, LLC and Y.C.N. Transportation, Inc. to National Express Corporation

March 24 2012

Shields & Co. led and managed a successful cross-border sale of two non-emergency medical transportation companies to National Express Corporation (NEC), the North American subsidiary of National Express Group, PLC (LSE:NEX), a premier transportation firm in the United Kingdom. NEC completed the acquisition of The Joint Venture of Thompson Transit and YCN Transportation, LLC (the “Joint Venture”) and Y.C.N. Transportation, Inc. (“YCN”) on March 24, 2012.

The Joint Venture is a leading provider of specialized paratransit transportation services in New England. Through a comprehensive multi-year contract, the Joint Venture provides service solely to the Massachusetts Bay Transportation Authority’s (the “MBTA”) THE RIDE Program (“THE RIDE”) in the Greater Boston area. The Joint Venture offers door-to-door transportation to eligible people who cannot use public transit due to a physical, cognitive, or mental disability.

Y.C.N. Transportation, Inc., located in Norwood, Massachusetts, was founded in 1962 by the Armour family. YCN has grown to become one of the largest independent, special needs (“SPED”) transportation providers in New England, servicing over 1,200 students at approximately 90 schools across 29 towns. For decades, YCN has been providing transportation services to children and adults with special needs to various schools and day programs throughout Eastern Massachusetts.

Shields & Company, Inc. advised The Joint Venture of Thompson Transit, LLC and YCN Transportation, LLC and Y.C.N. Transportation, Inc. in the transaction.

Metals USA Acquires Gregor Technologies

March 12 2012

FORT LAUDERDALE, Fla. - Metals USA Holdings Corp. (“Metals USA”) (NYSE: MUSA), a leading provider of processed carbon steel, stainless steel, aluminum and other metals, announced today that it has acquired Gregor Technologies, LLC (“Gregor”). Metals USA expects that the transaction will be immediately accretive to earnings.

Gregor operates from a state-of-the-art 70,000 square foot facility in Torrington, Connecticut. Established in 1989, Gregor provides high-quality custom-crafted parts and assemblies and tailored solutions to OEM customers in several attractive end markets. These markets include industrial equipment manufacturing, scientific instruments, electronics, aerospace, homeland security and defense.

Lourenco Goncalves, Chairman, President, and C.E.O. of Metals USA, stated: “We are very pleased to complete the acquisition of Gregor Technologies. Gregor’s strong margin performance through the cycle, emphasis on specialized value-added processing, and commitment to customers are all attributes we seek in an acquisition. In an environment where more and more customers are outsourcing low volume, high cost metal processing, we believe Gregor is a solid addition to the Metals USA platform.”

Mr. Goncalves continued: “Gregor represents a continuation of the M&A growth strategy we articulated in our IPO and have consistently executed since then. We will continue to seek high quality acquisitions, like Gregor, that average-up Metals USA’s EBITDA margin.”

MCRC Completes Investment in PointRight Data Analytics

December 15 2011

Shields & Company is pleased to announce that Massachusetts Capital Resources Company has made an investment in PointRight. PointRight is the industry leader in providing data-driven analytics and decision support services to long term care, assisted living, and insurance carriers.

Founded in 1995, the Company’s mission is to improve the quality of healthcare through data analytics that help long term care facilities improve their financial, clinical, regulatory, and operational performance while reducing the cost of professional liability risk. PointRight’s services combine advanced analytical methods, public and proprietary databases, and expert, hands-on consulting to reveal meaning and opportunity in the data that defines these highly regulated industries.

Terms of the transaction were not disclosed. Tim White and Will Silton advised PointRight in the transaction.

Concord’s Jericho Road Project Trains Local Execs to Serve

October 14 2011

Concord -- When Concord resident Tim White was looking for a way to give back, a call from a friend on the Jericho Road Project board couldn’t have come at a better time. Since attending training seminars with the Jericho Road Project, White has been voted in as a member of the board for the Chelmsford-based nonprofit LifeLinks Inc., which provides family support services to mentally disabled adults, according to White. “I will be helping LifeLinks with the financial side of business,” said White, who is a partner with the Waltham investment-banking firm, Shields & Company. Founded in Concord in 2003, the Jericho Road Project works to bridge communities by matching the professional talents of volunteers with the needs of community-based nonprofit organizations and businesses, according to their website. So far, the project has built partnerships with the cities of Lowell, Lawrence, Lynn, Worcester, and Pasadena, Calif., to build the strength of their nonprofits and improve quality of life.

After sourcing and training volunteers, mainly from large corporations or small boutique consulting firms, to become board members, the project custom places them with nonprofits matching their passions and expertise. “It’s really satisfying to help and watch an organization get more efficient and operate better,” White said. “I have the opportunity to influence how $12 million of taxpayer money will impact LifeLinks.” Jericho Road Project Executive Director Dan Holin said White is the prototype of people the project looks for. “We look for people who want to give back and can give back,” he said. “What is lacking is a path and we offer that path.”

The Leadership Connection

Holin said a 2009 survey the project conducted among nonprofits in Lowell and Lawrence showed many similar problems within each nonprofit board. “We found the boards of the nonprofits were understaffed and undertrained,” said Holin. “They were not as strong as they could be.” The Leadership Connection, a service delivered in partnership between the project and Jericho Road Lawrence, trains and places corporate leaders to serve on nonprofit boards. Beginning in November, Jericho Road Lowell and Lawrence, in collaboration with Raytheon IDS, will host the next Board Training and Placement program. With four, four-hour training sessions over the course of a month, volunteers learn how to be more powerful leaders and hear from actual nonprofits and professionals. Sean Kavanagh, CEO of the Lexington-based leadership training company Ariel Group, helps teach the Leadership Presence part of the training program. He said the project helps professionals take their skills and apply them in an effective way to help nonprofits.

Read more: Concord's Jericho Road Project trains local execs to serve - Concord, MA - The Concord Journal

Tim White Appointed to the Board of Directors of LifeLinks, Inc.

September 16 2011

We would like to ask you to join us in welcoming Tim White as a new member of the LifeLinks Board of Directors. Tim joined the board in the fall and brings valuable expertise and a strong commitment to our mission. Tim White was born in Lowell, MA and had extended family that participated in programs at the ARC of Greater Lowell in the 1970s. Tim is the son of a special education teacher and became involved in Special Olympics and other activities supporting individuals with developmental disabilities. Upon graduation from Babson College he spent several years in New York City working in corporate finance. He moved back to the Boston area in 1998 to join Shields & Company, a middle market investment banking firm where he is a Managing Director focused on mergers and acquisitions. Tim resides in Concord, MA with his wife Abby and three very active children. We look forward to working with Tim and are pleased to welcome him to the LifeLinks community.

LifeLinks, Inc. is a private human service agency headquartered in Chelmsford, MA that provides services and supports throughout the Greater Lowell area and parts of northeast Massachusetts for people with developmental disabilities 24 hours a day, 365 days a year. Services include residential care, non-vocational day programs, shared living, independent living, family support and education & recreation activities.

Link to article: http://www.lifelinksinc.net/uploads/Publications/Newsletter%20Winter%202012.pdf

Shields & Company advises Business & Legal Reports in the merger with Prairie Capital-owned M.Lee Smith Publishers

February 7 2011

Brentwood, TN & Old Saybrook, CT -- Leading information resource providers BLR® - Business & Legal Resources of Old Saybrook, CT and M. Lee Smith Publishers of Brentwood, TN announce today the completion of their merger. The merged companies will retain existing branding and operate as subsidiaries of parent company Fortis Business Media LLC.

This merger is the continuation of a common strategy at both companies to provide customers with best-of-breed compliance technology, content and customer service.

“Both companies command great respect among U.S. employers of all shapes and sizes and this merger will allow us to leverage our respective strengths,” stated MLSP CEO Dan Oswald. “We are excited about the opportunity it offers to develop valuable new products and take them to new markets.”

“BLR and MLSP bring 35 years of experience in providing top-rated compliance products,” said Robert L. Brady, CEO and Founder of BLR. “Our combined investments in technology platforms and broad-spectrum delivery channels will better position us to meet the challenges of information marketing and distribution in the Internet age.”

Together, the merged entities will serve over 250,000 professionals in the fields of Human Resources, Environmental Compliance Management, Employee Safety, Workers’ Comp Management and Workplace Training. These professionals use MLSP and BLR products and services to develop and implement policies and practices that meet the complex demands of multiple and often overlapping state and federal laws, and train employees and supervisors on implementing them.

Prairie Capital, an investor in M. Lee Smith Publishers, continues as an investor in Fortis Business Media. “The combination of BLR and MLSP creates a market-leading resource for compliance-related information. We are excited to be partnering with Dan and Bob, and their respective organizations, to provide best-in-class products to our many current and future customers,” said Nathan Good, Vice President at Prairie Capital.

The senior management team, led by Dan Oswald, will also consist of Robert Brady, Guy Crossley, Bobby Edgil, Matt Humphrey and Lawton Miller. The company will be headquartered in Brentwood, TN, a suburb of Nashville, retaining operations in Old Saybrook, CT and Alameda, CA.

About M. Lee Smith Publishers

Founded in 1975, M. Lee Smith Publishers works with the 50-member Employers Counsel Network of law firms to provide compliance guidance through their HR Hero® line of products (www.HRhero.com) and the HRLaws platform (www.HRLaws.com). It also serves the Tennessee legal and political community with case law and legislative information products (www.mleesmith.com).

About BLR® - Business & Legal Resources

Since 1977, BLR (www.blr.com) has been a leading provider of employment, safety, and environmental compliance solutions. Employers use BLR’s compliance and training resources developed by their in-house legal and editorial team to stay out of legal trouble, avoid fines and save money.

About Prairie Capital

Prairie Capital (www.prairie-capital.com) is a Chicago-based private equity investment firm focused on investing in lower middle-market businesses undergoing a change of control. Prairie has closed seventy-four platform investments, across a broad range of industries, since its inception thirteen years ago. Prairie is currently investing out of its fifth fund, Prairie Capital V, with $300 million in capital commitments.

Littelfuse Announces Acquisition of Cole Hersee Company

December 22 2010

CHICAGO -- Littelfuse, Inc. (NASDAQ:LFUS) today announced that it has purchased all the outstanding stock of Cole Hersee Co. Cole Hersee, which is based in Boston, Massachusetts, is a recognized leader in the off-road, truck and bus (OTB) market with annual revenues of approximately $43 million. Shields and Company acted as financial advisor to Cole Hersee in connection with the transaction.

“The acquisition of Cole Hersee is a significant step in our strategy to expand our OTB business,” said Dieter Röder, Vice President and General Manager of Littelfuse’s Automotive Business Unit. “We expect the Cole Hersee acquisition to strengthen key customer relationships, expand our distribution network and extend our product offering. Their focus on power management products and heavy duty electromechanical and solid-state switches for DC electrical systems expands our offering to this diverse OTB customer base.”

Donald Mayer, Vice President of Cole Hersee, added, “This is a great fit. We think the combination with Littelfuse will allow us to bring new products and capabilities to our customers and enable new opportunities to grow the business.”

Terms of the transaction included cash consideration of $50 million, which was paid out of cash on hand and existing credit facilities. This acquisition is expected to be accretive to earnings in 2011.

About Cole Hersee

Since its founding in 1924, Cole Hersee has been a pioneer and leader in the development of heavy-duty electrical products for the vehicle industry and has earned a reputation for quality and value. Cole Hersee collaborated on many basic industry standards and today is a preferred supplier of over 2,000 dependable products and accessories for construction, agriculture, military and commercial vehicles. Cole Hersee products are available as standard or custom designed products to meet customer needs. Cole Hersee is ISO 9001-certified. The company is headquartered in Boston, Mass. with manufacturing in Muzquiz, Mexico, and distribution in Schertz, Texas.

About Littelfuse

Littelfuse is the worldwide leader in circuit protection, offering the industry’s broadest and deepest portfolio of circuit protection products and solutions. Backed by industry-leading technical support, design and manufacturing expertise, Littelfuse products are vital components in virtually every product that uses electrical energy, including portable and consumer electronics, automobiles, industrial equipment and telecom/datacom circuits. In addition to its Chicago, Illinois, world headquarters, Littelfuse has over 20 sales, distribution, manufacturing and engineering facilities in the Americas, Europe and Asia. Technologies offered by Littelfuse include Fuses; Gas Discharge Tubes (GDTs); Positive Temperature Coefficient Devices (PTCs); Protection Relays; PulseGuard® ESD Suppressors; SIDACtor® Devices; Silicon Protection Arrays (SPA™); Switching Thyristors; TVS Diodes and Varistors.

For more information, please visit Littelfuse’s Web site at www.littelfuse.com.

Shields & Company is pleased to announce the recapitalization of The Leavitt Corporation

December 1 2010

The Leavitt Corporation, a family-owned and operated branded peanut butter manufacturer, retained Shields & Company to assist in the valuation, structure, and management of the recapitalization of the Company. This complex generational ownership transfer of The Leavitt Corporation included raising senior debt capital necessary to facilitate the transaction. As a result, The Leavitt Corporation is positioned to grow and continue its local family-owned and operated business legacy.

The Leavitt Corporation was established in Boston, Massachusetts in 1924. Today, the Company is one of the largest independent processors of nuts and peanut butter in the United States with automated processing in several production lines for roasted nuts and peanut butter. Its brands include Teddie™ Peanut Butter, River Queen Nuts™, and Americana Nuts™. The Company only uses high quality 100% fancy grade nuts to strict product specifications.

http://www.teddie.com/about.html