The merger between E.B. Lane and Terralever into LaneTerralever was recognized Thursday as the 2013 Deal of the Year by the Association for Corporate Growth-Arizona Chapter (ACG).
The award was presented at the organization’s Southwest Mergers & Acquisitions Conference, which concluded Thursday at the Fairmont Scottsdale Princess Resort.
E.B. Lane had a 50-year track record as one of the Valley’s top advertising and public relations agencies, while Terralever had developed a strong reputation and client base since its founding in 2002. Both were looking for strategic partnerships that would enable further growth and expansion. As they now put it, they were “Creating the Agency of the Future — Today” through the transaction.
“We congratulate the team involved in the merger, as well as the entire LaneTerralever team, on this transaction and what it has meant for this dynamic new company’s growth,” said Sanat Patel, President of the ACG-Arizona Chapter Board of Directors. “This is the kind of transaction that helps fuel Arizona’s economy and is at the heart of what ACG-Arizona is working to promote in our state.”
The LaneTerralever merger was nominated by JDB Capital Partners LLC, the investment banking firm advising on the transaction. The law firms of Bryan Cave LLP and Polsinelli PC, as well as the accounting firms Wallace Plese + Dreher and Eide Bailly, were involved in making the merger a reality.
The other two finalists were:
— Recapitalization of QK, Inc. by Cave Creek Capital, Stewart Capital and Seacoast Capital, nominated by Greene Holcomb & Fisher LLC
— Sale of the Pinto Valley Copper mining and milling operations and related railroad company, nominated by Polsinelli PC
The Deal of the Year Award is a coveted honor given annually to a company or private equity firm in recognition of their accomplishments in Arizona’s mergers and acquisitions or capital markets marketplace. The award recognizes a deal/transaction in the Arizona marketplace involving established businesses with between $10 and $750 million of revenue that closed in the 2013 calendar year.
Endeavour Capital’s purchase of Arizona Nutritional Supplements was recognized as the 2012 Deal of the Year last year.
Founded in 1954, the Association for Corporate Growth (ACG) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 14,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 56 chapters in North America, Europe, and Asia. The Arizona chapter of ACG includes representatives from corporate investment and private equity groups, financiers, venture capitalists and supporting consultant services. For more information, visit www.acg.org/arizona.