Mergers & Acquisitions

Delivered March 27th, 2019. Contributors: Praise O., james O., Neema, Joseph M. and

Part

of five

Part

High Pure Filtration Systems: Mergers & Acquisitions

We were unable to find any mergers & acquisitions information for High Pure Filtration Systems, as there is no preexisting or publicly available data. However, we provided some useful insights into the companies activities, including the information provided on its terms & conditions page which stated that all of its website content were the property of Calig LLC, DBA Highpurewater.com. Other helpful findings are outlined in the brief below.

We have also provided the research strategies used in searching for the requested information and concluding that it is not publicly available, below.

RESEARCH STRATEGYIn looking for the mergers & acquisitions of High Pure Filtration Systems from 2010, we first did a basic search to see if any pre-compiled information was available. We searched through national and local news websites like Forbes, WSJ, NBC, etc., M&A websites such as M&A Portal, and press release sites such as PRNewswire, Businesswire, etc. As the corporate website of High Pure Filtration Systems did not also provide any news or press releases regarding mergers & acquisitions, this search did not produce any relevant results. The only information found through this search strategy pertained to available products types, shipping details, and user guides, among others. We looked into the company further by deep diving into the company's website and examining its policies, contact and terms & conditions thoroughly. We also did an x-ray search of the site to know if there was any mention of merger and acquisition from 2010, but there was none. As we followed this course, we observed that the company frequently used High Pure Water, High Pure Water Filters, and High Pure Water Filtration Systems as its names. We also found out that the company's website content is a property of Calig, LLC. 

Knowing these names for the company from the method above, we then tried to search for its company profiles in websites such as Crunchbase, Craft. Co, Hoovers, Owler, and OpenCorporates, (as these websites usually provide information on mergers, acquisitions, and funding). Unfortunately, there was no company profile available for High Pure Water, High Pure Water Filters, and High Pure Water Filtration Systems in all these websites. We then checked the company profile of Calig, LLC which we found associated with High Pure Water, but there was no company profile of Calig LLC in Crunchbase, Craft. Co, Hoovers, and Owler. However, we were able to pull company information from OpenCorporates. From the OpenCorporates profile, we were redirected to the California Secretary of State business search tool, from which we were then able to pull out the registration document of Calig, LLC in California and found relevant information about the company. We also tried searching for companies named High Pure and was able to find HighPure Manufacturing Company from a chat transcript. From our findings, we discovered that HighPure Manufacturing Company is FTB suspended. We also obtained some information from its registration document. 

We pushed through the acquired information on Calig, LLC to be able to establish its connection with High Pure, and we were able to find additional sources in Finance LA and DATAGOVUS, showing its registration with Calig, LLC and doing business as High Pure. Afterward, we tried collecting press releases and news for Calig, LLC's and HighPure Manufacturing Company mergers and acquisitions on websites such as PRNewswire, Businesswire, etc. but there were no articles found. There were also no separate websites for Calig LLC and HighPure Manufacturing Company. 

Lastly, we tried locating social media accounts for Calig, HighPure Manufacturing Company, and High Pure Filtration Systems and we were only able to find an Instagram account for High Pure Filtration Systems. We looked into the Instagram posts to see if there was any news related to mergers and acquisitions, but there were no such posts. 

HELPFUL FINDINGSHIGH PURE FILTRATION SYSTEMS: COMPANY INFORMATION
High Pure Filtration Systems is a local Southern California small business that manufactures reverse osmosis filtration systems for the hobby market. It also uses the name High Pure Water Filters. When ordered, the filters are made and assembled at its shop in Van Nuys, CA, and the company uses local component suppliers. All content displayed on the company's website is a property of Calig LLC, DBA Highpurewater.com. The company's Instagram handle is @highpurewaterfilters.

ABOUT CALIG, LLCCalig LLC uses High Pure as its business name, and was registered as an entertainment services company on June 6, 2017, with the Office of Finance of the city of Los Angeles, and with Federal Communications Commission (FCC) account number 0002995686-0001-6, North American Industry Classification System (NAICS) code 453990 and under Secretary of State file number 201716010522. The company is located at 9129 Monogram Avenue, North Hills, CA (91343-3715) and Henry Canizales is its manager. The agent used for service of the process was LegalZoom. 

ABOUT HighPure MANUFACTURING COMPANY INC.Registration for HighPure Manufacturing company as a domestic stock entity was filed on June 4, 2015, by Edward Fontaine. The company's address is 863 Gharkey St., Santa Cruz, CA 95060. The search using the California Secretary of State business search tool revealed that the HighPure Manufacturing company is FTB (Franchise Tax Board) suspended.

Part

of five

Part

Q Analysts: Mergers & Acquisitions

After searching extensively through the company's official website, private company databases, credible media sites, companies’ insights platforms, and more, our team speculates and resolves that Q Analysts has not been involved in any M&A deals following its founding in 2003. Below is our methodology. 
METHODOLOGY
First, we combed through Q Analysts' official corporate website, focusing on the "About" page, as well as the "Company profile" page for a timeline of its activities over the years, or likely remarks around any M&A deals it might have engaged in the past, in California and ultimately nationwide. Ordinarily, most organization disclose this information in a historical timeline at their about pages or an equivalent. However, this was not the case with Q Analyst wherein the bulk of the official website presented their values, mission, services, philosophy, and so on, without making mention of any significant acquisition or partnership. 

Next, we conducted a press search (from 2003 to 2006, and then to 2019) in trusted media sites like Bloomberg, Reuters, MarketWatch, Deal Book — The New York Times and more for news articles that might have captured a merger or acquisition the company completed. Other than announcing the company's new product offerings, seniors’ recruitment, and client onboarding, there was no evidence that Q Analysts has acquired or merged with a company since 2003. Also, there are several publications committed to coverage of the M & A sector, with the major publications available in databases such as Business Source Complete, which includes records of previously and recently completed transactions in the US from 1993 to present. Unfortunately, in a database of more than 2000 active full-text newspapers, we did not find a single merger or acquisition deal coverage for Q Analyst. 

As a last resort, we broadened our research to examine private company databases like PrivCo and PitchBook, and companies insights platforms like Crunchbase and ZoomInfo for any recent M&A or significant product partnership activities, as well as any past deals- if available, for the QA & testing company. Both PrivCo and PitchBook provides information and financials for thousands of private companies in the United States, as well as hundreds of thousands of private market deals, venture capital funding, and private market investors. Crunchbase and ZoomInfo, on the other hand, provide investors, funding and acquisitions information, and financial and significant partnerships details, respectively. Unfortunately, although Q Analysts profiles are maintained in Crunchbase, ZoomInfo and PitchBook, reports about any past or recent M&A activities are unavailable. 

We believe this information is not available because Q Analyst is yet to make an acquisition or merge with another company. 
HELPFUL FINDINGSQ Analysts operates in over 25 states in the United States, making it the "7th largest Minority Business Enterprise (MBE) headquartered in Silicon Valley."

Q Analysts specializes in delivering quality assurance & testing and Q TestLab outsourcing and has helped to design "technology initiatives for Fortune 500 clients nationwide."

Q Analysts vision is to build a "$60 million+ services organization by the year 2020 through a relentless focus on executing breakthrough levels of customer services to its clients, employees, and stakeholders."

Lastly, the company has approximately 277 employees working in its 25 locations nationwide. 

Part

of five

Part

Bay Advanced Technologies: Mergers & Acquisitions

Bay Advanced Technology didn't make any acquisitions or engage in any mergers between the period of June 2001 and September 2003.
RESEARCH METHODOLOGYIn order to find the required information, we began by searching through the company's website to gain insights into its operations, annual reports and investor relations, unfortunately, the website didn't provide any information useful to our research as the company's financials weren't published on their website. A third-party site annualreports.com was used to search for the company financials, but this led to a deadlock as we discovered in the course of the search that the company is privately-held hence not required to publish its financials.

Then, we combed through company databases such as Crunchbase, Hoovers, Owler, Craft, Datafox, Bloomberg, Business Insights, Mergent Online, Thomson ONE among others. Using the advanced search features of the databases, there was no information in regard to mergers or acquisitions made by the company in the period of 2001 to 2003 and in some databases, the company was simply not listed. An extensive search was further conducted on the SEC filings made by the company but then again, this strategy didn't prove fruitful as Bay Advanced Technologies didn't have any filings in relation to acquisitions or mergers.

Furthermore, a press search was conducted on the company on sites like PRNews, Newswire, Globe-News, Reuters, PR.com, OpenPR, Forbes, CNBC and others. Also, we searched for press releases made by the company between that time period but again there weren't any releases made by the company on its dealings.

From our research, we discovered that the company was previously known as Bay Pneumatic, Inc  and is owned by Applied Industrial Technologies after the acquisition of its parent company Fluid Power Resource in 2008. So, we carried out a search using the aforementioned strategies on the former name of the company and alternatively, we searched for acquisitions made by the Fluid Power Resource between the time period. We also expanded the time frame of the acquisitions and mergers to include the entire year of 2001 and 2003.

On the conclusion of our search, there was no acquisitions or mergers made by Bay Advanced Technologies between June 2001 and September 2003.

Part

of five

Part

PMC Inc: Mergers & Acquisistions

Even though information on PMC Inc's mergers and acquisitions was unavailable in the public domain, our research process was able to uncover a significant amount of insights in regard to PMC Inc. For instance, the company started as E.S. Development when it was founded by Eugene Schippa and later on seems to have been divided to PMC Inc, Enio Schippa Homes and Luigi Schippa Development. Details of our research strategies and findings follows below.
METHODOLOGY We began research by focusing on the corporate website of PMC Engineering, a strategy that gave us basic information on how and when the company was started. We then reviewed news reports for both the original company name i.e. E.S. Development and the current name, PMC Engineering. Through this strategy, we found an article in the LA Times on E.S. Development's involvement in building houses in a new subdivision in Rancho Palos Verdes. From this article, we determined that by as late as August 30, 1987, the company was still operating with the name E.S. Development. 

Our next strategy was to do a search on the name of the original owner of the company, Eugene Schippa. From this approach, we were able to determine that two companies also began as E.S. Development. One of the company was called Enio Schippa Homes and the other was called Luigi Schippa Development and both were located at 2040 Lomita Blvd, in Lomita CA with one company in Suite 107 and the other in Suite 100.

We then searched three different databases to see if we could find any record for any of the four companies i.e. E.S. Development, PMC Engineering, Enio Schippa Homes, and Luigi Schippa Development. We searched the AMFIBI database to see if any of these companies were registered as small businesses and from the results we were able to conclude that none of them are.

Next, we went to the State of California Business Licensing Registry to see if we could determine when these companies were first registered and if E.S. Development had been closed down. Although we searched under every category and under every possible name, including Pour More Concrete Inc, which is the name that is listed at the bottom of PMC Inc's website, we found no record of any businesses that are registered in California under any of the target company names.

Our next approach involved a broadened search and entertaining the possibility that at least one of the companies had been registered in the State of Delaware as Delaware has both laws and tax requirements that are favorable to businesses. In searching the Delaware database, we did find an E.S. Development instance, but it was originally registered in 1989 and we know that E.S. Development was already big enough in 1987 to buy an ongoing development for $3.2 million. 

Finally, even though all the companies are privately owned corporations or LLC's, we searched the SEC database in the hope that we would find some usable information, but unfortunately this strategy did not yield any relevant results. We also checked the Small Business Administration to see if any of the businesses were in a category that may have required a federal business license. However, they do not and it appears that all the companies that are spin-offs of E.S. Development are operating without California, Delaware or Federal business licenses.
HELPFUL FINDINGSThe PMC Engineering website states that PMC Engineering is a family owned business that was passed from the father, Eugene Schippa to the son, Ennio Schippa. According to Ennio Schippa's LinkedIn profile, PMC Engineering was formed in 2010. 

Additionally, Ennio Schippa also owns a company called Schippa Homes, which was founded in 1994. On the other hand, his brother Luigi Schippa owns a company called Schippa Development, but its founding date was publicly unavailable. 

All the three companies highlighted above stated on their corporate websites that they are spin-offs of the main company, E.S. Development that was originally owned by the father. All of them also refer to the start of E.S. Development in 1976 as the beginning of the current companies. 

From the results of our thorough research process, we concluded that there is no record of any mergers or acquisitions involving any of the companies in the public domain. It seems reasonable to assume that beginning in 1994, E.S. Development was carved into three companies for Eugene Schippa's close family.

Part

of five

Part

Radian Intricast Company, Inc: Mergers & Acquisitions

Even though information on Radian Intricast's mergers and acquisitions was unavailable in the public domain, our research process was able to uncover a significant amount of insights in regard to Radian Intricast. For instance, the company was founded in 1974 and it is divided into two main divisions i.e. Radian Thermal Products and Radian Metal Products. In addition, in 2002, Radian Intricast formed a new division to cater for the electronics industry i.e. the Radian Heatsinks Division which was formerly known as Intricast Heatsink Division. Details of our research strategies and findings follows below.
METHODOLOGYWe started by doing a search on the official Radian Intricast corporate website. Our search for relevant information was targeted at the "About Us" and "History" sections of the website. However, with this strategy, we only found general information such as the year the company was founded and information on the business operations of the company. Information on any name changes or changes that happened because of mergers or acquisitions was not available. Next, we did a deep look at each of the company's product divisions in the hope that we could find product changes as a result of mergers and acquisitions, but again we did not find any relevant information.  

Next, we changed our approach by trying to look for annual reports, publications, and investor documents of the company. In the case of a merger or acquisition, these resources are usually full of relevant information. However, since Radian Intricast is a private company, we did not find any of their reports or financial filings in the public domain. We also checked the company's press releases and news releases, but they did not contain information past the year 2000. The available information was generally related to the company's products. For example, there was news dated 2002 that mentioned the formation of Radian Heatsinks and news from 2012 that mentioned that Radian Heatsinks and its parent company Intricast Co. started operating under a new legal entity by the name Radian Thermal Products, Inc. Again, this strategy failed to provide us with relevant information on the mergers and acquisitions for Radian Intricast Company that took place between October 1995 and December 1998.

In our third strategy, we tried to look for older sources because the research criteria specified mergers and acquisitions from the 1995-1998 period. We first tried to search for Intricast's archived website in the Archive website, but unfortunately, there were no archives for the years 1995, 1996, and 1997. For 1998, Radian Intricast's archived website was available, but the information it contained was only general information about the company's product division such as the Heatsink Division. Information on mergers and acquisitions that happened before or during 1998 was still unavailable with this strategy. We then broadened our search to look for old news articles specific to the range 1995-1998. We searched through credible resources like the news section of Radian, NewsWire, PRNewswire, and ABNews. The only information that was available with this strategy was from 2002 on the formation of the Radian Heatsinks division by Intricast.

In our last strategy, we scoured third-party sources such as Crunchbase, Hoovers, and Craft. Sources like Hoovers and Craft provided information on the Radian Heatsink Division while LinkedIn provided information on Radian with the mention of its division’s names i.e. Radian Thermal Products and Radian Metal Products. This information was not relevant to the mergers and acquisitions requirement of the research criteria. 

We attributed the unavailability of information to the fact that Radian Intricast has only used internal reorganization to restructure its business and might not have taken part in any mergers or acquisitions with other companies during the October 1995 to December 1998 period.
HELPFUL FINDINGS Radian Intricast provides global manufacturing solutions. The company was founded in 1974 with the name Intricast. 

Radian Intricast operates under two major divisions i.e. Radian Thermal Products and Radian Metal Products. Additionally, the company's thermal products division offers both standard and custom heatsinks on top of active cooling products such as cold plates and thermoelectric modules. On the other hand, the company's metal products division offers "machining, extrusion, die-casting, forging, Metal Injection Molding, stamping, and skiving."
   
Radian Intricast has between 51 and 200 employees as per the company's LinkedIn profile. 
    
In 2002, Radiant Intricast formed a new division to serve the electronics industry. This division was named Radian Heatsinks and it was formerly known as the Intricast Heatsink Division. Since 2002, Radiant Heatsink and its parent company Radian Intricast have been operating under a new legal entity, Radian Thermal Products, Inc.

Sources

From Part 01

About Us

highpurewater.com

Publication Year: 2019

Quotes

"High Pure Water is a local Southern California small business specializing in the manufacture of Reverse Osmosis filtration systems for the hobby market. Our filters are made in our small Van Nuys, CA shop and assembled as ordered. "
"High pure water takes pride in using local component suppliers. As a matter of fact, all of the components used to make our filters are sourced from local LA businesses. "

From Part 02

About Us | Q Analysts

qanalysts.com

Business Source Complete | EBSCO

ebsco.com

MarketWatch Top Stories

marketwatch.com

Publication Year: 2019

M&A - Mergers and Acquisitions News, M&A Deals and Transactions | Reuters.com

reuters.com

Publication Year: 2019

Deals - Bloomberg Terminal

bloomberg.com

DealBook

nytimes.com

M&A News & Trends | PitchBook

pitchbook.com

Publication Year: 2019

Private Company Mergers & Acquisitions - PrivCo

privco.com

Q Analysts LLC | ZoomInfo.com

zoominfo.com

Q Analysts LLC | Crunchbase

crunchbase.com

Q Analysts LLC | LinkedIn

linkedin.com

From Part 03

Bay Advanced Technologies

linkedin.com

Bloomberg - Are you a robot?

bloomberg.com

Bay Advanced Technologies - the Pioneer for Industrial Distribution

bayat.com

Applied Industrial completes acquisition of Fluid Power Resource, boosts FY09 outlook - Quick facts

rttnews.com

Publication Year: 2008

From Part 04

PMC Engineering. - New development, custom build homes and home remodel contractor in Southern California

pmc-engineering.com

Quotes

"PMC Engineering is a family owned concrete construction company that has been passed from a father to his son. "

Schippa homes inc.

schiappahomesinc.com

Quotes

"Ennio Schiappa Homes Incorporated is a family owned development and construction company that has been passed from father to his three sons."

Luigi Schiappa Development in Torrance, Ca : About

schiappadev.com

Quotes

"Schiappa Development, Inc. is a family -owned development and construction company established in the South Bay in 1976 by patriarch Eugene Schiappa. The company was originally know as E.S. Development"