• St. Louis Headquarters Growing Through Acquisitions

    Jan 04, 2018

    Recent years have seen a high volume of U.S. corporate mergers and acquisitions. St. Louis area headquarters have been active acquirers growing through many significant acquisitions. In 2017, St. Louis companies acquired almost $20 billion worth of major companies across industries including health care, manufacturing, and technology.  

    Most notably, Centene, Express Scripts, and Emerson each made acquisitions worth over $3 Billion. Other major acquisitions were spearheaded by Quinpario, Post Holdings, and Mallinckrodt. The following list details some of the largest company acquisitions in 2017 by St. Louis headquarters.

     MAJOR ACQUISITIONS BY ST LOUIS COMPANIES 2017

    St. Louis Company HQ

    Acquired Company

    Acquisition Price

    Acquisition Date

    Centene

    Fidelis Care

    $3.75 Billion

    September 12, 2017

    Express Scripts

    eviCore healthcare

    $3.60 Billion

    October 10, 2017

    Emerson

    Pentair

    $3.15 Billion

    May 1, 2017

    Quinpario Acquisition Corporation

    SourceHOV LLC & Novitex Holdings Inc.

    $2.80 Billion

    July 10, 2017

    Post Holdings

    Weetabix

    $1.80 Billion

    July 3, 2017

    Post Holdings

    Bob Evans

    $1.50 Billion

    September 19, 2017

    Mallinckrodt

    Sucampo

    $1.20 Billion

    December 26, 2017

    Emerson

    Paradigm

    $510 Million

    December 4, 2017

    Express Scripts

    myMatrixx

    $250 Million

    May 2017

    Belden

    Thinklogical

    $160 Million

    May 2017

    Sources: St. Louis Business Journal and St. Louis Post-Dispatch.

    These acquisitions were dwarfed by Emerson’s ultimately unsuccessful $29 billion bid to acquire Rockwell Automation, an industrial automation provider.(1)  Emerson quickly pivoted to a buy back of their own shares and two smaller acquisitions, Paradigm for $510 million and Cooper-Atkins for an undisclosed sum.(2)

    St. Louis has long been an attractive location for the headquarters of some of the world’s largest and most innovative companies. Recent major acquisitions demonstrate the continuing strength and growth of the St. Louis headquarters market. 

    Sources: (1) “Emerson Withdraws $29 Billion Bid to Acquire Rockwell” St. Louis Business Journal, Nov. 28, 2017. (2)  “Emerson to Acquire Connecticut-based Manufacturer” St. Louis Business Journal, Dec. 20, 2017.

  • Regional Chamber Honors Legislators, Elected Leaders at Annual Chamber Champion Awards Dinner

    Nov 30, 2017

    The St. Louis Regional Chamber held its annual “Championing a Greater St. Louis” Dinner at the Missouri Athletic Club in downtown St. Louis on November 28th. The awards event recognized the service of members in the Illinois and Missouri General Assemblies, and acknowledged legislators who exhibited outstanding dedication and support for the Chamber’s legislative priorities in 2017 and the future. The Chamber also gave its first-ever Regional Leadership Award, which recognized local elected officials for working together to solve significant issues in the St. Louis Region.

    Addressing over 200 business leaders and elected officials, Regional Chamber President and CEO Joe Reagan emphasized the Chamber’s work in bringing people together for the benefit of a unified St. Louis region. He noted that no conversation in the public arena will be more complex than that about local government fragmentation and creating a new story of unity. In addition, Reagan said that everyone has a role to play in advancing forward-thinking economic policy by advocating for public polices in three key areas: safety and security, equity and opportunity, and building and investing in regional infrastructure. 

    The 2017 honorees included Legacy Award winners Illinois Senator Bill Haine and Missouri Senate President Pro Tem Ron Richard for their tremendous public service and commitment to the Chamber’s priorities throughout their careers. 

    The Regional Chamber also recognized fourteen legislators as Chamber Champions. These legislators championed the organization’s priority issues and achieved meaningful success this year. Awardees included Missouri Reps. Kevin Corlew and Joe Don McGaugh, Sens. Ed Emery, Doug Libla, Gary Romine and Caleb Rowden, and Speaker of the House Todd Richardson for their work to reform Missouri’s tort law to better provide a just, efficient and consistent legal system.

    Other Champion winners included Illinois Reps. Greg Harris and David Harris, Sen. Heather Steans and Senate President John Cullerton for their tireless and bipartisan work to pass a budget, while Missouri Sen. Ryan Silvey, Rep. Corlew and Speaker Pro Tem Elijah Haahr were recognized for their bill authorizing REAL-ID compliant driver’s licenses in Missouri.

    In addition to the Chamber Champions, the Regional Chamber gave Advocate awards to five Missouri legislators who were strong voices for the Chamber’s priority issues in the General Assembly. The awardees included Sen. Caleb Rowden and Rep. Mike Kelley as Advocates for sponsoring a state Earned Income Tax Credit bill, the Chamber’s highest legislative priority in Missouri.

    The Chamber also recognized Rep. Kevin Corlew for creating and chairing the 21st Century Missouri Transportation System Task Force, Rep. Glen Kolkmeyer for a tort reform bill that prevents so-called “venue shopping,” and Rep. Kevin Engler for calling for the Missouri Nondiscrimation Act to be expanded to include LGBT individuals. 

    The Regional Chamber bestowed five Catalyst Awards to lawmakers that demonstrate promise for advancing priority issues for the Chamber in the future. Missouri Reps. Jean Evans, Bruce Franks and Peter Merideth received the award as standout freshman legislators, who made time to build relationships with their colleagues throughout the Capitol while looking for ways quickly make an impact while they learn the ins and outs of the legislative process.  

    Rep. Holly Rehder was recognized for her tireless work on creating a stateside prescription drug monitoring database, while freshman Sen. Dave Schatz was responsible for sending six bills to the Governor’s desk, including legislation that makes changes to Missouri's worker’s compensation laws.

    See all the photos from the evening on the Chamber's Flickr page.


    Chamber Champs_Richardson
    Chamber Champs_Krewson 
    Missouri Speaker of the House Todd Richardson addresses the crowd upon receiving his Champion Award.
     (From left to right) AECOM Vice President and Chamber Public Policy Chairman Jennifer Obertino, St. Louis City Mayor Lyda Krewson, and St. Louis Regional Chamber President & CEO Joe Reagan pose for a photo upon Krewson receiving the inaugural Regional Leadership Award.
     Chamber Champs_Cullerton  Chamber Champs_Catalysts
     Illinois Senate President John Cullerton takes the podium upon receiving his Champion Award.  (From left to right) AECOM Vice President and Chamber Public Policy Chairman Jennifer Obertino, Missouri Reps. Jean Evans, Peter Merideth, Bruce Franks, and St. Louis Regional Chamber President & CEO Joe Reagan pose for a photo upon the representatives receiving their Catalysts Awards.
     
     Chamber Champs_Champions  Chamber Champs_Haine
    (From left to right) AECOM Vice President and Chamber Public Policy Chairman Jennifer Obertino, Missouri Speaker Pro Tem Elijah Haahr, Sen. Ryan Silvey, Rep. Corlew, and St. Louis Regional Chamber President & CEO Joe Reagan pose for a photo upon the representatives receiving their Champion Awards. Illinois Sen. Bill Haine addresses the crowd upon receiving his Legacy Award.