Issue link: https://nebusinessmedia.uberflip.com/i/694626
V O L . X X I I N O. X V 48 FA C T BO O K / D O I N G B U S I N E S S I N M A I N E I N N OVAT I O N / R & D WEX Inc., a South Portland-based corporate payment services firm, said it would pay $1.1 billion in cash plus 4 million shares of com- mon stock for Electronic Funds Source LLC. Seller: Warburg Pincus. We are properly positioned to offer our clients high-quality, holistic, end-to-end IT solutions VoIP Telephony | Data Networking | Cabling Infrastructure | Carrier Network Services Falmouth & Bangor, ME 800-298-1187 | www.cti-maine.com Welcome, Angela! Katahdin Trust is pleased to announce that Angela Butler has joined our business banking team as Senior Vice President, Commercial Services Officer. Angela has been helping businesses throughout central Maine achieve their financial dreams for over 22 years. Based at our Springer Drive location, she will be responsible for business lending and development in the greater Bangor area. Find out how Katahdin Trust can help grow your business! (207) 941-6762 KatahdinTrust.com Angela Butler Senior Vice President, Commercial Services Officer S O U R C E S : The companies, news reports Top 5 M&A deals From the past 12 months 1 WEX Inc.: $1.1 billion cash plus stock Announced in October 2015; expected to close summer 2016 3 Pine State Trading Co.: $112 million Announced in April 2016 Pine State Trading Co., a Gardiner-based distributor, sold its convenience-store division for $112 million to Core-Mark Holding Co. Inc., which is based in South San Francisco, Calif. 5 WEX Inc.: $80 million Closed in November 2015 WEX paid $80 million for the Omaha, Neb.-based software company Benaissance. 2 Putney Inc.: $200 million Closed in April 2016 Putney Inc., a Portland-based maker of generic vet- erinary medicines, was acquired for $200 million in cash by Dechra Holdings US Inc., a subsidiary of the British company Dechra Pharmaceuticals Plc F I L E P H O T O / T I M G R E E N WAY P H O T O / C O U R T E S Y O F P I N E S TAT E T R A D I N G F I L E P H O T O / T I M G R E E N WAY F I L E P H O T O / T I M G R E E N WAY Melissa Smith, president and CEO of WEX Inc. Jean Hoffman was founder and president/CEO of Putney. Keith Canning, a managing partner at Pine State Trading, became president of Pine State Convenience. 4 Kepware: $100 million Closed in January 2016 Kepware, a Portland technology firm, was acquired for $100 million by PTC, an Internet of Things tech company based in Needham, Mass. Brett Austin was president of Kepware Technologies at the time of the deal.