Varnum Clients Win Three MiBiz 2021 M&A "Deals of the Year"
Varnum represented clients honored in several "Deal of the Year" categories in this year's MiBiz M&A Deals and Dealmaker Awards. The annual awards spotlight best practices and excellence related to mergers, acquisitions, capital formation and other types of deal making.
Among the Varnum clients recognized in this year's awards are the following:
Acrisure LLC took top honors in the Professional Services category for its acquisition of the insurance practice of artificial intelligence leader Tulco, LLC. The all-stock transaction, valued at $400 million, brings best-in-class data science, AI and machine learning capabilities to the insurance brokerage industry. Read more about Acrisure in this profile.
In the Manufacturing Category, The Shyft Group was recognized in a pair of company-shaping deals: the sale of its Emergency Response business segment to Wisconsin-based REV Group, and the acquisition of Waterville, Maine-based F3 MFG Inc., an aluminum truck body and accessory manufacturer. Read more about The Shyft Group in this profile.
Zeigler Automotive Group was recognized as the top deal in the Retail Category for its purchase of three luxury automotive dealerships in the Chicago area. In its largest acquisition to date, the deal added 5,000 new units per year with a projected value of $350 million in yearly sales. Read more about Zeigler Automotive Group in this profile.
MiBiz editors noted that this year's award winners are especially significant because they happened in "one of the most atypical deal environments of all time," due to COVID-19 constraints.
A complete list of the 2021 Deals and Dealmakers Awards winners can be found here: Winners of the 2021 MiBiz Deals & Dealmakers Awards