Staff Report
Published Feb. 18, 2013
This quarterly feature recaps mergers and acquisitions involving companies or assets in South Carolina, based on data from S&P Capital IQ. Seller is noted if it is a separate entity from the acquisition. Most recent transactions are listed first; transactions cover October through December 2012. Some deals were private and value was not disclosed.
S.C. Deals — Fourth Quarter 2012
| Merged/acquired business | Value | Business description | Buyer | Seller |
| Travel Center in Florence | Not disclosed | Travel Center in Florence includes a gas station, convenience store, repair service facility and other services. | TravelCenters of America LLC of Westlake, Ohio | — |
| Davis-Garvin Agency Inc., Columbia | Not disclosed | Davis-Garvin Agency provides commercial and personal lines, and employee benefits insurance solutions for companies. | Neace Lukens Inc., Louisville, Ky. | QBE Insurance Group Ltd., Sydney, Australia |
| Shopping center, 1750 Woodruff Road, Greenville | $9.1 million | This 68,000-square-foot shopping center is anchored by Publix. | Kite Realty Group Trust, Indianapolis | — |
| Resource Financial Services Inc., Columbia | Not disclosed | Resource Financial Services Inc. provides mortgage banking services to homeowners in South Carolina, North Carolina, Georgia, Kentucky, and Virginia. | CertusBank N.A., Greenville | — |
| The Market on Cherry Road, Rock Hill | Not disclosed | The Market on Cherry Road is a 132,547-square-foot shopping center. | Aston Properties Inc., Charlotte | Lamar Companies Inc., Morristown, N.J. |
| Distribution facility, John Dodd Road, Spartanburg | $63.25 million | This 1 million-square-foot facility is fully leased to Amazon. | Cole Corporate Income Trust Inc., Phoenix | Tango S.C. LLC, San Antonio |
| Spartanburg Tank Wash | Not disclosed | The facility at 256 Tucapau Road in Duncan includes a five-bay wash rack and a two-bay shop, along with office space. | Trimac Corp., Calgary, Canada | Fleet Operations Inc., Duncan |
| Pexco LLC's extruded sheet business, Columbia | Not disclosed | The extruded sheet business of Pexco LLC designs and fabricates extruded plastic sheets used in packaging. | Plaskolite Inc., Columbus, Ohio | Pexco LLC, Alpharetta, Ga. |
| 2ndPole, Conway | Not disclosed | 2ndPole is a website design company that also offers search engine optimization, e-commerce and e-business development services. | Interactivity Marketing Inc., Myrtle Beach | — |
| Verizon call center, Richland County | $29.2 million | This 146,483-square-foot office building near Columbia is leased to Verizon as a call center. | Gladstone Commercial Corp., McLean, Va. | — |
| Fairfield Inn & Suites Charleston Airport/Convention Center | Not disclosed | The hotel includes 102 rooms and is located in North Charleston. | Hotel Development Partners LLC, Atlanta | — |
| Broad River Energy Center, Gaffney | $427 million | The 847-megawatt natural-gas plant supplies electricity to Carolina Power & Light Co. | Energy Capital Partners, Short Hills, N.J. | Calpine Power Co., Houston, Texas |
| Hilex Poly Co. LLC, Hartsville | Not disclosed | Hilex Poly Co. manufactures plastic bag and film products used as packaging materials. | Wind Point Partners, Chicago | TPG Growth, San Francisco |
| UnitedHealth Group's S.C. Medicaid business | Not disclosed | UnitedHealth Group Inc.'s Medicaid business In South Carolina serves approximately 65,000 Medicaid members in 39 of the state’s 46 counties. | WellCare Health Plans Inc., Tampa, Fla. | UnitedHealth Group Inc., Minnetonka, Minn. |
| Bluewater Thermal Services, Greenville | Not disclosed | Bluewater Thermal provides heat-treating processes designed to improve the durability and wear resistance of metal components. | Aterian Investment Partners LLC, New York | — |
| Teligy Inc., Greer | Not disclosed | Teligy Inc. provides custom software and hardware design, development, and testing services for the defense and commercial markets. | Raytheon Co., Waltham, Mass. | — |
| Triplett-King Associates Inc., Rock Hill | Not disclosed | Triplett-King Associates Inc. provides engineering design, construction management and inspection services for the transportation industry. | KCI Technologies Inc., Sparks, Ma. | — |
| Action Research Corp., Greer | Not disclosed | ARC provides aerospace and industrial repair, assembly, and engineering services. | Flight Support Group Inc., Sanford, Fla. | — |
| Silvana Oaks Apartments, North Charleston | $21.5 million | Silvana Oaks Apartments is a 208-unit complex off Dorchester Road in North Charleston. | BRT Realty Trust, New York, and KBS Silvana LLC, Charleston | Palmetto Park Apartments Associates LLC |
| Anglostar LLC, Greer | Not disclosed | Anglostar distributes dyes, dyestoffs and specialty chemicals. | Dystar L.P., Charlotte | — |
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