TargetAcquirerValue ($millions)Synopsis
Ingersoll-Rand US Holdco IncGardner Denver Holdings Inc8735.5Gardner Denver Holdings Inc (Gardner) definitively agreed to merge with Ingersoll-Rand US Holdco Inc (Ingersoll Rand Industrial), a manufacturer and wholesaler of air and gas compressors, from Ingersoll-Rand PLC, for an estimated $8.736 bil, in a stock swap reverse takeover transaction. The consideration was to consist of $1.9 billion. in cash and 210 million new common shares valued at $6.836 billion. The shares were valued based on Gardner's closing stock price of $32.55 on 29 April 2019, the last full trading day prior to the announcement. Upon completion, Gardner and Ingersoll Rand Industrial shareholders were to own 49. 9% stake and 50.1% interest in the merged entity, respectively. The merged entity was to be renamed Ingersoll Rand and to be listed in NYSE under ticker IR.
Acelity Inc3M Co6725.03M Co definitively agreed to acquire Acelity Inc, a San Antonio-based manufacturer of surgical healing and hospital patient- mobility equipment, from Acelity LP Inc (Acelity), ultimately owned by Chiron Holdings Inc, for an estimated $6.725 billion. The transaction was to include KCI subsidiaries of Acelity.
LORD CorpParker Hannifin Corp3675.0Parker Hannifin Corp definitively agreed to merge with LORD Corp (LORD), a Cary- based manufacturer of adhesives, coatings, vibration and motion control products, for an estimated $3.675 billion. in cash. Originally, in March 2019, LORD was rumored to be seeking a buyer for its company.
WageWorks IncHealthEquity Inc2012.6HealthEquity Inc planned to acquire the entire share capital of WageWorks Inc, a San Mateo-based provider of personal services, for $50. 5 in cash per share or a total $2.013 bil, via an unsolicited offer.
Long Beach Container Terminal LLCMacquarie Infrastructure Partners Inc1780.0Macquarie Infrastructure Partners Inc, a unit of Macquarie Group Ltd, agreed to acquire the entire share capital of Long Beach Container Terminal LLC, a Long Beach-based provider of marine cargo handling services, from Orient Overseas (International) Ltd, owned by Faulkner Global Holdings Ltd, for an estimated $1.78 billion. in cash.
C Technologies IncRepligen Corp240.0Repligen Corp definitively agreed to acquire C Technologies Inc, a Bridgewater-based software publisher, for a total $240 million. The consideration was to consists of $192 million in cash and $48 million in common shares.
MidSouth Bancorp Inc, Lafayette,LouisianaHancock Whitney Corp217.0Hancock Whitney Corp (Hancock) definitively agreed to acquire the entire share capital of MidSouth Bancorp Inc (MidSouth), a Lafayette- based commercial bank, for a total $217.035 mil, in a stock swap transaction. Hancock offered 0.2952 common shares for each MidSouth common shares. Based on Hancocks closing stock price of $43.98 on 29 April 2019, the last full trading prior the announcement.
Red Mill Commons,Virginia Beach,VAArmada Hoffler Properties Inc105.0Armada Hoffler Properties Inc planned to acquire Red Mill Commons, a Virginia Beach-based lessor of nonresidential buildings, from Venture Realty Group, for a total $105 million. The transaction was to include Marketplace at Hilltop.
Lanier Cold Storage LLCAmericold Realty Trust82.0Americold Realty Trust acquired Lanier Cold Storage LLC, a Gainesville-based provider of refrigerated warehousing and storage services, for a total $82 mil.
Web Benefits Design CorpCNO Financial Group Inc66.0CNO Financial Group Inc acquired Web Benefits Design Corp, an Orlando-based provider of online employee benefits administration services, for an estimated $66 million. The consideration consisted of an estimated $66 million and up to an undisclosed profit-related payments.
Great American Gaming CorpMaverick Gaming LLC56.0Maverick Gaming LLC agreed to acquire the entire share capital of Great American Gaming Corp, a SeaTac-based casino operator, from Great Canadian Gaming Corp, for a total $56 mil.
Somerset Properties Inc-Patuxent Crossing PortfolioCenter Court Properties LLC47.5Center Court Properties LLC acquired Patuxent Crossing Portfolio of Somerset Properties Inc, a Lower Gwynedd-based provider of land subdivision services, for a total $47.5 mil.
New Bancorp IncTeachers Credit Union,South Bend,Indiana21.3Teachers Credit Union, South Bend,Indiana, a unit of LC School Employees Federal Credit Union,Gary,Indiana, definitively agreed to acquire the entire share capital of New Bancorp Inc, a New Buffalo-based bank holding company, for $28. 42 in cash per share, or a total value of $21.253 mil.
Eastern Freight Ways IncEstes Express Lines Inc15.0Estes Express Lines Inc planned to acquire Eastern Freight Ways Inc, a North Brunswick-based provider of local freight trucking services, for a total $15 mil.
Intel Corporation-Smartphone Modern Chip BusinessApple IncApple Inc was rumored to be planning to acquire smartphone modern chip business of Intel Corporation, a Santa Clara-based manufacturer of semiconductors and related device.
Celadon Group Inc-COFC Intermodal OperationsBison Transport IncBison Transport Inc of Canada acquired COFC intermodal operations of Celadon Group Inc, an Indianapolis-based provider of long-distance freight trucking services. Terms were not disclosed.
Arcor Laser Services LLCCadence IncCadence Inc, a unit of Kohlberg & Co LLC, acquired Arcor Laser Services LLC, a Suffield-based manufacturer of laser materials processing.
Serametrix CorpCaprion Biosciences IncCaprion Biosciences Inc of Canada acquired Serametrix Corp, a Carlsbad-based provider of biotechnology research and development services.
Hosco Fittings LLCCarlisle Cos IncCarlisle Cos Inc acquired Hosco Fittings LLC, a Wixom-based manufacturer of fluid steel components. The transaction was to include Integrated Dispense Solutions.
McGraw-Hill Education IncCengage Learning Holdings II IncCengage Learning Holdings II Inc definitively agreed to merge with McGraw- Hill Education Inc, a New York-based book publisher, from Apollo Global Management LLC, ultimately owned by BRH Holdings GP Ltd, in a stock swap transaction.
PloidDC BLOXDC BLOX acquired Ploid, a Huntsville-based provider of data processing and hosting services.
Phoenix MMEER GroupDe Raj Group AGDe Raj Group AG of Germany planned to acquire the entire share capital of Phoenix MMEER Group, provider of oil and gas drilling services.
Ganjarunner IncDriven Deliveries IncDriven Deliveries Inc entered into a letter of intent {LOI} to acquire Ganjarunner Inc, a Glendale- based drug store operator.
Northern Power Systems Inc-Service BusinessErie Renewables IncErie Renewables Inc acquired service business of Northern Power Systems Inc, a Barre-based manufacturer of motors and generators, ultimately owned by Northern Power Systems Corp.
Pika Energy IncGenerac Holdings IncGenerac Holdings Inc acquired Pika Energy Inc, a Westbrook-based manufacturer of electronic components. Terms were not discclosed.
Merz Pharma GmbH & Co KGaA-Maderma BusinessLaboratoire HRA Pharma SALaboratoire HRA Pharma SA of France planned to acquire maderma business of Merz Pharma GmbH & Co KGaA, a Frankfurt Am Main-based manufacturer of pharmaceutical preparation. Terms were not disclosed.
Coronal EnergyLincoln Clean Energy LLCLincoln Clean Energy LLC, a unit of the Danish state- owned Orsted A/S, acquired Coronal Energy, a Pasadena- based electric power generation facility operator, from Panasonic Corp.
Magaya CorpLLR Partners IncLLR Partners Inc acquired Magaya Corp, a Miami- based software publisher, in a leveraged buyout transaction.
Delphi Private Advisors LLCLourdMurrayLourdMurray acquired the entire share capital of Delphi Private Advisors LLC, a San Diego-based investment advisor. Concurrently, HighTower Advisors LLC has made a strategic investment in LourdMurray.
Tradition Asset Management LLCLuxon Financial LLCLuxon Financial LLC has closed on the acquisition of Tradition Asset Management LLC, a Summit-based portfolio manager.
Charter NEX Films IncNext Generation Films IncNext Generation Films Inc planned to merge with Charter NEX Films Inc, a Milton-based manufacturer of plastics films and sheets, from Leonard Green & Partners LP.
3D Corporate Solutions LLCOlympus Partners LPOlympus Partners LP was rumored to be planning to acquire 3D Corporate Solutions LLC, a Monett-based producer of pet food ingredients, in a leveraged buyout transaction.
Synalloy CorpPrivet Fund Management LLCPrivet Fund Management LLC launched a tender offer for the entire share capital of Synalloy Corp, a Richmond,- based manufacturer of steel pipes and tubes, via an unsolicited offer.
Disney Sports Enterprises Inc (Walt Disney Co)Sinclair Broadcast Group IncSinclair Broadcast Group Inc planned to acquire Disney Sports Enterprises Inc(Walt Disney Co), gift and novelty store operator, from Walt Disney Co. The terms of the transaction were not disclosed, but according to sources close to the transaction, the reported deal value was estimated at $10 bil.
Anvil International LLCSmith-Cooper International IncSmith-Cooper International Inc, a unit of Tailwind Capital Partners LP, definitively agreed to merge with Anvil International LLC, an Exeter-based manufacturer of fabricated pipes and pipe fittings, from One Equity Partners LLC, ultimately owned by OEP Parent LLC. Terms were not disclosed.
Genius Solutions Engineering CoStandex International CorpStandex International Corp acquired the entire share capital of Genius Solutions Engineering Co, a Maumee-based manufacturer of automotive tooling.
Kic Refrigeration Mechanical & Controls LLCThe Arcticom GroupThe Arcticom Group acquired Kic Refrigeration Mechanical & Controls LLC, a Murrieta-based manufacturer of air-conditioning equipment.
Power Analytics Inc-Certain AssetsWavetech Global IncWavetech Global Inc acquired certain assets of Power Analytics Inc, a Raleigh-based software publisher, ultimately owned by Causam Energy Inc.
US M&A Deals Announced April 26 to May 02, 2019