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Berkshire Hathaway company acquires Fort Worth firm

M&M Manufacturing, a producer of sheet metal products for the air distribution and ventilation market based in Fort Worth, has been acquired by MiTek Industries Inc., a subsidiary of Warren Buffett’s Berkshire Hathaway Inc.,

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UPDATE: Six candidates file for two Water Board seats

Six candidates have filed for the two open seats on the Tarrant Regional Water Board, setting up a battle that could potentially shift the balance of power on the board and the priorities of one of the largest water districts in Texas.

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26-story mixed-use tower planned at Taylor & Fifth in downtown Fort Worth

Jetta Operating Co., a 24-year-old privately held oil and gas company in Fort Worth, and a related entity plan a 26-story mixed-use tower downtown at Taylor and Fifth streets on a site once owned by the Star-Telegram.

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Top area CFOs honored

The Fort Worth Business Press honored 13 area chief financial officers today with a luncheon at the Fort Worth Club.

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Fort Worth Superintendent candidate withdraws from consideration

And then there were none. The lone Fort Worth ISD Superintendent candidate, Dr. Joel D. Boyd, has informed the Fort Worth ISD Board of Education that he is

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Fort Worth private equity firm sells health care company

Ancor Capital Partners of Fort Worth and Chicago-based Merit Capital Partners have sold Carex Health Brands to Tenex Capital Management, New York.
As part of the agreement, Carex Health Brands will be merging with Roscoe Medical, another portfolio company of Tenex Capital Management. The transaction will create a combined company to serve the growing home health care market, with market distribution across all channels from retail to DME and managed care.
No price on the transaction was released.


Ancor and Merit acquired Carex Health Brands in 2010, and led the company through three strategic acquisitions to further diversify its product line and customer base. According to a news release, Carex Health Brands is the market leader of branded home medical equipment sold directly to the consumer through drug store chains, mass merchants, and grocery retailers. In addition, Carex offers one of the broadest product lines in the industry including pain therapy and medication compliance aids.


"We are extremely proud of the accomplishments that Carex has made in the three years since we acquired the company,” said J. Randall Keene, managing director at Ancor in a news release. “During this time frame, we made acquisitions of Detach N’ Go, Uplift Technologies and Thermionics Inc. The company also experienced organic growth by adding new customers and further penetrating existing customers.”
Carex Health Brands markets its products under the Carex, Apex, Bed Buddy and Thera-Med brands.
Ancor Capital Partners is a private equity firm focused on lower middle-market manufacturing and distribution companies.
www.ancorcapital.com
 

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