Member News

ACG St. Louis Member News

We encourage ACG St. Louis members to submit their deal news to us to share via social platforms and on our website!  Share your news including closed deals, new hires in your corporate growth/M&A group, promotions, awards and accolades.

Submit news online here or via e-mail to ACG Communications Committee Chair, Robyn Frankel, Frankel Marketing/PR at rfrankel@frankelpr.com.

Questions? Contact Amy Ruebsam at aruebsam@acg.org

OCTOBER 2021

Compass Group Equity Partners, a St. Louis-based private equity firm specializing in acquiring and building lower-middle market companies, expects its 2021 portfolio company investments to surpass $1.1 billion in annual revenue, a nearly 80 percent increase over 2020. Supporting that growth are more than 6,000 employees. With backgrounds in corporate development, operations and strategy, leveraged finance and investment banking, Compass Group’s investment team is targeted and thematic, identifying opportunities in niche markets with strong macro trends. Together with strong management teams, Compass drives intrinsic value through strategic planning and operational improvements to accelerate growth both organically and through additional acquisitions.

SEPTEMBER 2021

Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, announced it has acquired Vector Laboratories, the Protein Detection business unit of Maravai (NASDAQ: MRVI). Vector Laboratories is a long-established, well-respected and innovative manufacturer of labeling and visual detection reagents for life science researchers doing tissue-based protein detection and characterization. The company’s primary end markets are academic research labs and corporations, provided either directly to customers or via distributors and resellers. The acquisition reinforces the long-term potential for Vector’s continued evolution and adds strength to TSCP’s experience in life sciences.

Holleway Capital Partners Announces Acquisition of Panek Precision Products LLC
Panek Precision Products (based in Northbrook, Illinois) is a manufacturer of precision machined metal components and sub-assemblies for original equipment manufacturers. Panek focuses on high volume opportunities where its multiple CNC and screw machine capabilities under roof, its commitment to robotics and automation, and its years of know-how allow the company to provide solutions for its customers' most demanding applications.

Holleway Capital Partners, Northcreek Mezzanine, Capital For Business and Wells Fargo Strategic Capital provided subordinated debt and equity to complete the transaction. The investor group partnered with Brian Panek, Gregg Panek, and the existing management team, all of whom will remain with the company.

"For over 75 years, Panek Precision has built a reputation as a trusted, valued partner to its customers by focusing on delivering quality products on time and solving customers’ problems. Holleway Capital Partners is delighted to partner with Brian, Gregg and the leadership team to continue building on the foundation the Panek family has established," said Wes Hampp, Co-Founder and Managing Partner at Holleway Capital Partners. "Panek’s reputation for manufacturing complex parts in large volumes is a true differentiator and the organization’s culture is focused on delivering exceptional quality parts and exceptional customer service."

"We are excited to work with Holleway Capital Partners on the next phase for Panek Precision," said Brian Panek, CEO of Panek Precision Products. "Being a multi-generation family-owned business, it was important for us to make sure we selected a partner who shared our philosophy and approach, and who appreciated the company’s history and shared our vision for its future. We knew the Holleway team valued our history and could help us create the future we all envision for Panek Precision. We are excited about working together to continue Panek's growth.”
 

ACG St. Louis announces 2021-2022 Board of Directors

August 31, 2021, St. Louis – The St. Louis chapter of the Association for Corporate Growth (ACG), an international membership association for professionals involved in corporate growth, corporate development and mergers and acquisitions, announced three new appointments to its board of directors and recognized four retiring board members for their outstanding service and leadership.

The new directors include Jeff Giles, vice president corporate development, Core & Main; Bethany Michel, managing director, Harbour Group; and Jeff Sackman, partner, RubinBrown.  Retiring directors include Lee Tilghman, vice president and senior relationship manager, Commerce Bank; Christy Oldani, marketing and business development lead, BKD; Ted Sengpiel, account executive life sciences, Jaggaer; and Heath Hunter, vice president corporate development, Dot Family Holdings. 

“We are pleased to welcome our new board members, all of whom have demonstrated a strong commitment to the organization through their past involvement, while extending our deep appreciation to former board members who have contributed greatly to making the St. Louis chapter a premier membership organization,” said Holly Huels, president of the ACG St. Louis chapter and managing partner, Holleway Capital Partners.

As new members, Jeff Giles will chair the ACG St. Louis Corporate Peer Group; Bethany Michel, who will serve as a director on the board, previously served on the ACG St. Louis Emerging 20 committee; and Jeff Sackman, who will chair the ACG St. Louis Programs Committee, previously served on the ACG St. Louis Emerging Leaders and Emerging 20 committees.

As retiring directors, all of whom served eight years, Tilghman was past chair of the Elite Speaker Series and a member of the Emerging Leaders and Membership committees, Oldani was past chair of the Membership committee and a member of the Emerging Leaders committee and Corporate Growth Conference, and Sengpiel was past chair of the Programs committee.  In addition, Hunter was past chair of both the Corporate Peer Group and Family Office Peer Group.

The ACG St Louis chapter, established in 1985, currently has more than 350 members, including private equity investors, intermediaries, corporate development professionals, lenders, M&A advisors and service providers. Programs include in-person and virtual networking events, corporate executive roundtables and high-level educational seminars. More information is available by contacting Amy Ruebsam, ACG St. Louis Executive Director, aruebsam@acg.org or at www.acg.org/stlouis.

With the new members, ACG St. Louis 2021-2022 Board of Directors includes:

  • President-Holly Huels, managing partner, Holleway Capital Partners
  • President Elect- Joe Mantovani, shareholder, Polsinelli
  • Past President-Patrick Nolan, president, Nolan & Associates
  • ACG Global Board Liaison-Kevin Prunty, vice president and co-head, RGA Private Debt & Equity
  • ACG Global Chairman of the Board-Brent Baxter, managing director, Nolan & Associates
  • Secretary-Greg Coonrod, vice president, Barry Wehmiller
  • Treasurer-Matt Ticknor, partner, RSM
  • Membership Chair-Mandy Fritz, vice president, PNC
  • Sponsorship Chair-Mike Andrews, managing director, Husch Blackwell
  • Emerging Leaders Chair- Kelsey McGonigle, attorney, Greensfelder
  • Programs Chair-Jeff Sackman, partner, RubinBrown
  • DealSource Chair-Ray Wagner, director, Thompson Street Capital Partners
  • Corporate Peer Group Chair-Jeff Giles, vice president corporate development, Core & Main
  • Communications Chair-Robyn Frankel, principle, Frankel Marketing/PR
  • Strategic Relations Chair-Tom Horlacher, managing principle, Wolverine Business Advisors
  • Special Events Chair-Peggy Northcott, managing member, Capital Performance, LLC
  • Golf Chair- Nick Chambers, director of Private Equity Services, UHY LLP
  • Director-Rose Thompson, chief operating officer, ButcherJoseph & Co.
  • Director-Bethany Michel, managing director, Harbour Group

Founded in 1954, ACG is the premier M&A deal-making organization with 59 chapters worldwide.  ACG’s global network comprises more than 100,000 middle-market professionals who invest, own and advise growing companies. ACG’s mission is focused on driving middle-market growth by bringing professionals together and giving them the resources to successfully navigate the industry landscape. More information is available at www.acg.org.

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STL BOD 2021-2022

AUGUST 2021

R.L. Hulett Releases Semi-Annual Report on Private Equity M&A Deal Activity in the State of Missouri
R.L. Hulett & Company has released its semi-annual report on private equity M&A deal activity in the state of Missouri. The report summarizes private equity transaction details along with key market trends backed by data-driven analysis. R.L. Hulett & Company, an investment bank based in St. Louis, specializes in providing financial advisory services to middle market companies with revenues ranging from $10 million to $250 million. Since 1981, the firm has advised in over 250 transactions in a variety of industries including manufacturing, distribution, business services, transportation/logistics, health care and software/technology. For more information regarding this report, please contact Trevor Hulett, Managing Director, (314) 721-0607, x112, or thulett@rlhulett.com.

JULY 2021

Krishna Walker of CareVet Receives 2021 Corporate Counsel Award
Krishna Walker is one of eight honorees selected by the St. Louis chapter of the Association of Corporate Counsel and the St. Louis Business Journal for the 2021 Corporate Counsel Awards. Read the complete article HERE courtesy of CareVet.

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Krishna Walker

Core & Main to Acquire Pacific Pipe Company, Inc.
Core & Main a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, announced today that it has entered into a definitive agreement to acquire Pacific Pipe Company, Inc., based in Hawaii. The acquisition would mark Core & Main’s 14th transaction since becoming an independent company in August 2017. Pacific Pipe has been in operation since 2011, serving municipalities and contractors with a broad waterworks product offering. Pacific Pipe operates three locations, spanning the islands of Hawaii, Maui, and Oahu. The company distributes materials for construction projects in the agriculture, golf, irrigation, and municipal waterworks industries throughout Hawaii. Based in St. Louis, Core & Main is a leading specialized distributor of water, wastewater, storm drainage and fire protection products, and related services, to municipalities, private water companies and professional contractors across municipal, non-residential and residential end markets nationwide.

JUNE 2021

Mueller Prost Joins Wipfli
Mueller Prost CPAs + Business Advisors, the 10th largest accounting firm in St. Louis, has joined Wipfli, a Milwaukee-based firm, effective June 1. Terms were not disclosed. Founded in 1983, Mueller Prost is a full-service CPA firm that provides tax, audit and assurance, and business advisory services to more than 4,300 clients in 47 states. Wipfli, with $401 million in annual net revenue, ranks among the top 20 accounting and consulting firms and will have more than 2,900 associates with the Mueller Prost addition. This is the second firm to join Wipfli this year and the ninth in the past two years.

APRIL 2021

Benjamin F. Edwards served as exclusive sell-side advisor to Himalayan Corporation in its sale to Prairie Dog. Himalayan, which is primarily engaged in the sale of premium cheese dog chews, actually invented the cheese chew category and remains the world leader in the supply of cheese chews. The Himalayan brand is synonymous with healthy, premium branded, all-natural dog chews. Prairie Dog Pet Products is a leading specialty manufacturer and marketer of premium, American-made dog treats, including freeze-dried treats, jerky, and natural parts. It focuses on providing fine quality ingredients formulated for dogs. Prairie Dog Pet Products is a portfolio company of Kinderhook Industries.

 

WILsquare Capital, a St. Louis-based private equity firm, announced that its portfolio company Crown Products Inc. has completed the acquisition of Tri-State Wholesale Flooring, a distributor of flooring products based in Sioux Falls, South Dakota. Terms of the transaction were not disclosed. Tri-State is the fourth company to become part of the Crown Products portfolio, beginning with the acquisition of Walcro of Bloomington, Minnesota in 2017, followed by Cartwright Distributing Inc. of Denver in 2019 and Jer-And Inc. in St. Louis in 2020. Based in Creve Coeur, WILsquare acquires and grows lower-middle market businesses in the Midwest and South, with an emphasis on business services, niche manufacturing, distribution and technology companies.

MARCH 2021

Thompson Street Capital Partners Acquires Freddy’s Frozen Custard and Steakburgers

Thompson Street Capital Partners (TSCP) is proud to announce the acquisition of Freddy’s Frozen Custard & Steakburgers. A founder-owned Kansas-based franchisor of fast casual restaurants, Freddy’s is known for its steakburgers, shoestring fries and freshly churned frozen custard. Freddy’s opened its first franchise location in 2004 and has grown to more than 360 franchised locations and over 30 company-operated restaurants throughout the U.S. The acquisition reflects TSCP’s thesis-driven approach to investing. TSCP continues to seek out interesting franchise businesses across a variety of end-markets. For more information contact Kevin Kerr, kkerr@tscp.com or 314-446-33390.

 

BERKS Group Announces Sale of International Sports Science Association (ISSA) to Tailwind Capital

The BERKS Group (BERKS) announced its sale of International Sports Science Association (ISSA) to Tailwind Capital (Tailwind). Harris Williams served as advisor on the transaction. ISSA, a premier eLearning platform to the global fitness and wellness industry, has trained more than 300,000 students in more than 140 countries. The BERKS Group, (www.berksgroup.com) owned by the Bradley family, is a diversified family of companies with holdings in education technology, high-value precision manufacturing, technology infrastructure, and better for you consumer brands. The BERKS manufacturing platform is concentrated in aerospace, defense and medical instruments. For more information, contact John Kueneke, jkueneke@npgco.com

FEBRUARY 2021

Core & Main LP, a leading U.S. distributor of water infrastructure products and services, has plans to grow its presence in West Texas. The company has signed an agreement to acquire Triple T Pipe & Supply, LLC, based in Lubbock, Texas. Financial terms were not disclosed. The deal will expand Core & Main’s customer base and geographic reach for its waterworks business. Founded in 2014, Triple T Pipe & Supply is one of Lubbock’s top waterworks distributors, providing outstanding customer service for West Texas and New Mexico. Triple T provides pipe, valves, hydrants and fittings to contractors for any size job. Core & Main currently serves West Texas from its locations in El Paso and San Angelo, Texas. Upon closing, this acquisition will mark the 12th since Core & Main became an independent company in 2017.

JANUARY 2021

Holleway Capital Partners Acquires Family-Owned Texdoor LLC
Holleway Capital Partners, which targets investments in manufacturers and distributors of industrial products with $10 to $100 million in sales in the central and southern regions of the United States, announced the acquisition of family-owned Texdoor LLC, a leading independent distributor of commercial and residential overhead doors based in San Antonio. Texdoor serves clients throughout Texas and surrounding states with overhead doors and controls, including installation and aftermarket service. Holleway Capital Partners, Aldine Capital Partners and KC LaSalle Partners provided subordinated debt and equity to complete the transaction.  The Hutzler family and existing management team remain with the company.


Thompson Street Capital Partners Announces the Acquisition of GovSpend
Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, has partnered with management to acquire Deerfield Beach, Florida-based GovSpend (www.govspend.com). Founded in 2011, the Company is a leading provider of government intelligence solutions to thousands of government vendors and agencies. GovSpend’s web-based platform provides its clients with easy access to unparalleled depth and breadth of purchase order data, bids and RFPs, contracts and contacts – nearly one billion records in all – from approximately 30,000 local, state and federal government agencies. Of the acquisition, Dan Cooper, Vice President, TSCP, stated, “The team at GovSpend has built a unique and powerful dataset for government agencies and their vendors – a market representing more than $1 trillion in spend.”  


Nolan Advised St. Louis Testing Laboratories on Its Sale to Industrial Inspection & AnalysisBased in St. Louis, MO, St. Louis Testing Laboratories (SLTL) is a privately owned, independent commercial testing laboratory performing analyses, testing and inspection in the specialized fields of Nondestructive Testing, Metallurgical Analysis, Mechanical Testing, Environmental and Chemical Analyses. After three generations and 73 years of family ownership, the Sinn family sought an exit partner to facilitate estate planning for ownership. Nolan’s process delivered Industrial Inspection & Analysis (IIA), a high growth industrial inspection, testing and analytical company offering a wide range of testing, inspection, certification and engineering services.

 

Nolan Advised Ferguson Consulting on Its Sale to Eliassen Group
Founded in 1994, Ferguson Consulting Inc., is an IT consulting firm that provides IT contractors for staff augmentation positions of Fortune 400 companies in St. Louis, MO. After building Ferguson Consulting into a market leader over the past 26 years, President and CEO Susan Ferguson was ready to transition the business to spend more time with family. Nolan’s sale process delivered Eliassen Group, a leading national strategic consulting and talent solutions firm.

DECEMBER 2020

Rick Hennessey Chosen as Winner of the 11th Annual Emerging Leaders Award

ButcherJoseph & Co. (“ButcherJoseph”) is proud to announce that Rick Hennessey, Vice President, was selected as a winner of The M&A Advisor Emerging Leaders Award. Hennessey was chosen for his accomplishments and expertise in the industry from a pool of international nominees by an independent judging panel of distinguished business leaders. Hennessey joined the firm in 2015 as an Analyst. He quickly rose through the ranks to become a Vice President where he has made a significant impact mentoring junior professionals in the firm and building relationships with clients to help them navigate an optimal transaction experience. Most recently, Hennessey was a graduate of the inaugural ACG St. Louis Emerging 20 class of 2019-2020 — an elite group of future business leaders in the St. Louis middle market M&A community.

 ButcherJoseph personnel have received this prestigious recognition since 2014, marking 2020 as the firm’s seventh consecutive year of growing and developing the M&A industry’s most talented professionals.  

 

BERKS Group Announces Investment in Natomas Manufacturing LLC

The Berks Group (berksgroup.com), Kansas City, announces an investment in Natoma Manufacturing, Norton, KS, with customers primarily in the aerospace and defense markets. Natoma manufactures build-to-order precision parts for its global customers.  The company holds ISO 9901 and AS9100 certifications.

The addition of Natoma expands BERKS’ precision manufacturing platform to three companies focused on the aerospace, defense, medical and industrial sectors.  BERKS also owns Swiss-Tech, LLC and IDC LLC, both in Wisconsin. Swiss-Tech manufactures precision parts for medical, aerospace and industrial end markets. IDC manufactures high quality, complex components primarily used in aerospace and defense. 

 Contact: Jay Longbottom, (816-271-8519) or John Kueneke, (314-504-5072)

OCTOBER 2020

BERKS Group Announces Investment in Instrument Development Corporation (IDC)

BERKS Group announces an investment in Instrument Development Corporation (IDC). Founded in 1987, IDC is an ultra-precision machining company based in Mukwonago, Wisconsin. The company delivers high quality, complex components primarily used in defense and aerospace systems. BERKS is planning capital investments to expend IDC’s capabilities and increase production. The addition of IDC expands BERKS precision manufacturing platform with increased capabilities and new market segments. BERKS also owns Swiss-Tech, LLC, which manufactures mission critical precision parts for medical, aerospace and industrial end markets. Swiss-Tech is based in nearby Delavan, Wisconsin. More information is available at www.berksgroup.com.

 

Holleway Capital Partners Expands Investment Team

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Holleway Capital Partners

 

Holleway Capital Partners is pleased to announce the addition of Abigail Graham as an Analyst. She supports the team with a variety of responsibilities, including industry research, financial modeling, and due diligence efforts. Prior to joining Holleway Capital, Abby served as Senior Consultant with Ernst and Young’s Risk Advisory Services practice. In this role, Abby managed teams providing Sarbanes-Oxley compliance testing and assurance to national and international clients. Abby graduated from the University of Missouri with a Bachelor of Science in Mathematics and minors in Business Finance and Statistics.

Holly Huels, Managing Partner at Holleway Capital said, “We are delighted to have Abby as part of our team. She brings to the team an enviable combination of technical knowledge with a self-starter, can-do and team-first attitude. We look forward to her contributions to Holleway and our portfolio companies."

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Abby Graham

 

 

SEPTEMBER 2020

ACG St. Louis Announces 2020-2021 Board of Directors

ACG St. Louis welcomes two new members to its board of directors: Kelsey McGonigle of Greensfelder and Nick Chambers of UHY LLP.  McGonigle is a senior associate in Greensfelder’s Business Services Group, focusing primarily on mergers and acquisitions in the middle market space.  She serves on the ACG St. Louis Emerging Leaders Committee and recently completed the STL Emerging 20 Leadership Program.  Chambers is director of the Private Equity Services Group for UHY LLP in St. Louis.  He provides accounting, audit and consulting services to private equity groups and their portfolio companies and specializes in complex financial reporting issues, such as business combinations, revenue recognition, leases, debt and equity transactions and income taxes.

ACG St. Louis recognizes the following retiring board members for their outstanding service and leadership: John Huhn of Compass Group Equity Partners, Steve Wendling of UHY LLP and Patrick Sweeney of Greensfelder.  Huhn served eight years on the board and spearheaded the creation of the Family Office Peer Group; Wendling served eight years on the board and chaired the annual ACG Golf Tournament, and Sweeney served five years on the board and serves on the Membership Committee.

ACG St. Louis 2020-2021 Board of Directors:

  • President-Patrick Nolan, president, Nolan & Associates
  • President Elect-Holly Huels, managing partner, Holleway Capital Partners
  • Past President-Kevin Prunty, vice president and co-head, RGA Private Debt & Equity
  • ACG Global Board Liaison-Brent Baxter, managing director, Nolan & Associates
  • Secretary-Greg Coonrod, vice President, Barry Wehmiller
  • Treasurer-Matt Ticknor, partner, RSM
  • Membership Chair-Mandy Fritz, vice president, PNC
  • Sponsorship Chair-Mike Andrews, managing director, Husch Blackwell
  • Emerging Leaders Chair-Joe Mantovani, shareholder, Polsinelli
  • Programs Chair-Ted Sengpiel, enterprise account executive, TalkDesk
  • DealSource Chair-Ray Wagner, director, Thompson Street Capital Partners
  • Corporate Peer Group Chair-Heath Hunter, vice president of Corporate Development, DOT Family Holdings
  • Communications Chair-Robyn Frankel, principal, Frankel Marketing/PR
  • Elite Speaker Series Chair-Lee Tilghman, vice president, Commerce Bank
  • Strategic Relations Chair-Tom Horlacher, managing principal, Wolverine Business Advisors
  • Special Events Chair-Peggy Northcott, managing member, Capital Performance, LLC
  • Director-Christy Oldani, Business Development, BKD
  • Director-Rose Thompson, chief operating officer, ButcherJoseph & Co.
  • Director-Kelsey McGonigle, attorney, Greensfelder
  • Director-Nick Chambers, director of Private Equity Services, UHY LLP

The ACG St Louis chapter serves more than 350 members involved in corporate growth and include private equity investors, intermediaries, corporate development professionals, lenders, M&A advisors and service providers – all working together to get the deal done.

AUGUST 2020

Alliance Systems Becomes a Red Hat Partner

Alliance Systems, LLC a leading provider of cloud-native application development services has become a Red Hat Partner.  Red Hat is recognized as the world's enterprise open source leader.  Alliance Systems’ cloud-based solutions, now with Red Hat, offer improved scalability, stability, and performance which are key benefits for businesses including enterprise and governmental clients. Red Hat’s enormously deep suite of products such as OpenShift and Ansible aligns well with Alliance’s commitment to bringing the most value and performance to their clients, whether they be enterprise, mid-market or startup. Located in St. Louis, Alliance Systems has clients in finance, e-commerce, education, manufacturing, and government. For additional information visit www.alliance-systems.co or call 314-219-7887.

    

JULY 2020

Rose Thompson

 

 

 

 

 

Rose Thompson
ButcherJoseph & Co.

Rick Hennessey

 

 

 

 

 

Rick Hennessey
ButcherJoseph & Co.

ButcherJoseph & Co. has promoted Rose Thompson to Chief Operating Officer and Rick Hennessey to Vice President.  In her new role, Rose will oversee the performance, alignment and overall strategy for the investment bank, which specializes in M&A advisory services to provide highly customized solutions for middle market companies.

Rick will continue to serve in a leadership role in the firm’s deal execution efforts advising middle market companies on mergers and acquisitions, recapitalizations, corporate carve outs, capital raising, and leveraged ESOP buyout transactions. He earned his Bachelor of Business Administration, magna cum laude, from the Mendoza College of Business at the University of Notre Dame.

In addition to serving on the Board of Directors for ACG St. Louis, Rose is actively involved with the National Center for Employee Ownership (NCEO) and the ESOP Association, where she participates at annual conferences, webinars, and seminars across the U.S. She earned both her Master of Arts and Bachelor of Arts degrees in communication from Saint Louis University.

 

Nolan & Associates

 

 

 

Nolan & Associates, an investment banking firm specializing in the middle market, announced that it recently advised Doximity on its acquisition of THMED. Doximity is the largest professional medical network for U.S. healthcare professionals, with more than 70% of U.S. doctors and 45% of all nurse practitioners and physician assistants as members. Doximity is venture-backed with Emergence Capital, InterWest, Morganthaler, Morgan Stanley and T.Rowe Price as investors. Doximity sought to enter the physician recruiting and locum tenens markets via acquisition. Nolan’s process delivered THMED, a leading healthcare staffing firm focused on permanent physician and locum tenens placements. THMED was a portfolio company of Waveland NCP Texas Ventures (WNCP), a partnership between New Capital Partners and Waveland Ventures.

Nolan & Associates, an investment banking firm specializing in the middle market, announced that it recently advised Tacony Corporation on the successful sale of its subsidiary company, Nancy’s Notions, to Missouri Quilt Company.  Nolan’s competitive sale process delivered Missouri Star Quilt Company as the ideal buyer for Nancy’s Notions, uniting the two most powerful brands in the sewing and quilting space. Interestingly, Due to COVID-19, the buyer and seller never held a face-to-face meeting during the sale process. The deal team utilized video conferencing for conversations, due diligence and inventory inspections. The U.S. craft industry is estimated at $36 billion, with sewing and fabric ranking in the top 5 crafts at 11.3% total spend.

 
Anders

 

 

 

 

Anders CPAs + Advisors, one of the St. Louis region’s largest accounting firms, is expanding its reach in the banking industry with the acquisition of Cummings, Ristau & Associates, a south St. Louis County-based public accounting firm, effective June 30. With the addition of all 21 of Cummings Ristau’s employees, Anders’ staff will total 230 with revenue of about $41.5 million, officials said Monday. While Anders has served the broker/dealer and financial services industries since it was formed in 1965, acquiring Cummings Ristau allows Anders to add a new niche and expand its financial institution footprint. Cummings Ristau provides audit, tax, regulatory compliance and loan review services to banks and credit unions, among other services.

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Alvarez

Bob Alvarez has been elevated to President and COO of Shapiro Metals, a St. Louis-based nationwide provider of scrap metal recycling services and full-scale sustainability programs to manufacturers across the country. He is the first person outside the Shapiro family to hold the title of President at the privately-owned company which is currently celebrating its 50th anniversary. Bob joined the company in 2015 as Vice President of Operations with a diverse background, having held management roles in Operations and HR, in addition to his deep experience in strategic and organizational leadership. He earned his Bachelor of Arts degree from Knox College, Galesburg, Ill.