Cenveo announced that it priced an offering of $400 million aggregate principal amount Senior Second Lien Notes due 2018. The notes will have an interest rate of 8.875 per annum and will be issued at a price of 99.31% of face value. The offering was expected to close on February 5, 2010 subject to customary [...]

Federal Signal (NYSE: FSS) announced it would acquire Sirit for CDN$49.5M ($48.0M). We continue to expect consolidation in the industry given the large number of players and a market that appears to be gaining traction. We view this transaction, which features a healthy valuation, as providing a catalyst for more activity. Federal Signal is acquiring [...]

Rush Tracking Systems has been acquired by Pharos Capital. Existing staff and management will remain with the company, and we expect Pharos will provide additional capital to accelerate incremental VisiblEdge product development and marketing. Recall, VisiblEdge is a forklift based reader system that enables more automated inventory visibility, particularly as the system leverages precise forklift [...]

Intelleflex announced it has received $8M in new funding from New Venture Partners as well as Arcapita Ventures, Morgenthaler Ventures and The Woodside Fund. As part of the transaction, Ketan Patel of New Venture Partners will be joining the Intellflex board. In addition, Intelleflex reached a deal with Maxim Integrated Products to secure the transfer [...]