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The Weekly Wrap: Atlas Air, TierPoint, Qingdao

Atlas Air buys Southern Air; TierPoint acquires Cosentry; Qingdao purchases GE's appliances business

TargetAcquirerValue ($millions)Synopsis
Ushers Machine & Tool Co Inc Aalberts Industries NV Aalberts Industries NV of Netherlands agreed to acquire the entire share capital of Ushers Machine & Tool Co Inc, a Round Lake-based manufacturer of machine tools.
Blass Employment Corp Active Staffing Services Active Staffing Services acquired Blass Employment Corp, a New York-based provider of temporary help services.
Wellington Insurance Group Inc Aquiline Capital Partners LLC Aquiline Capital Partners LLC definitively agreed to acquire an undisclosed majority interest in Wellington Insurance Group Inc, a Fort Worth-based provider of insurance services, via a leveraged buyout transaction.
InHome Medical Solutions ASP Global ASP Global acquired InHome Medical Solutions, a Jacksonville-based medical equipment and supplies merchant wholesaler.
Agrilogic Insurance Services LLC Aspen Insurance Holdings Ltd Aspen Insurance Holdings Ltd of Bermuda acquired Agrilogic Insurance Services LLC, an Overland Park-based provider of crop insurance services, from Occidental Fire & Casualty Co of North Carolina, ultimately owned by IAT Insurance Group.
Southern Air Holdings Inc Atlas Air Worldwide Holdings Inc 110.0 Atlas Air Worldwide Holdings Inc definitively agreed to acquire Southern Air Holdings Inc, a Florence-based provider of air cargo services, from Oak Hill Capital Partners LP for an estimated $110 million in cash.
Appcelerator Inc Axway Software SA Axway Software SA of France acquired Appcelerator Inc, a Mountain View-based developer of mobile application software.
Atherton Lane Advisers Llc Bank of New York Mellon Corp Bank of New York Mellon Corp definitively agreed to acquire Atherton Lane Advisers Llc, a Menlo Park-based investment advisor. Terms were not disclosed.
Clinverse Inc BioClinica Inc BioClinica Inc, a unit of JLL Partners Fund VI LP, acquired Clinverse Inc, a Durham-based provider of financial investment services.
Rouse Properties Inc Brookfield Asset Management Inc 657.1 Brookfield Asset Management Inc of Canada plans to acquire the remaning 66.4% interest or 38. 527 million common shares it does not yet own in Rouse Properties Inc, a New York-based real estate investment trust, for $17 in cash per share or a total of $657.057 million.
CYBEX International Inc Brunswick Corp 195.0 Brunswick Corp acquired CYBEX International Inc, a Medway-based manufacturer of sporting and athletic goods for an estimated $195 million.
Hat World Inc BSN SPORTS Inc BSN SPORTS Inc, a unit of Herff Jones Inc, acquired Hat World Inc, an Indianapolis-based clothing accessories retailer, from Genesco Inc.
A-Line Corp Chuck Prezioso Chuck Prezioso acquired A-Line Corp, a Concord-based manufacturer and distributor of assembly automation equipment and components.
Sargent Bickham Lagudis LLC Colorado Financial Management Inc Colorado Financial Management Inc merged with Sargent Bickham Lagudis LLC, an investment advisory firm.
Chief Liquid Waste Inc Covanta Environmental Solutions Covanta Environmental Solutions, a unit of Covanta Holding Corp, acquired Chief Liquid Waste Inc, a Winneconne-based provider of hazardous waste treatment and disposal services.
Powerit Solutions Llc Customized Energy Solutions Ltd Customized Energy Solutions Ltd acquired Powerit Solutions Llc, a Seattle-based manufacturer of electrical signals measuring and testing instruments.
Shareable Corp Digital Reasoning Inc Digital Reasoning Inc acquired Shareable Corp, a Nashville-based developer of clinical documentation software.
Cleantech Group LLC Enovation Partners LLC Enovation Partners LLC acquired Cleantech Group LLC, a San Francisco-based provider of market intelligence and consulting services.
Ballou Plum Wealth Advisors LLC EP Wealth Advisors Inc EP Wealth Advisors Inc merged with Ballou Plum Wealth Advisors LLC, a Lafayette-based provider of investment advisory services.
Advanced Medical Reviews Inc ExamWorks Group Inc 30.0 ExamWorks Group Inc acquired Advanced Medical Reviews Inc, a Santa Monica-based hospital operator, for $30 million in cash.
ET Works LLC Exel Industries SA Exel Industries SA of France, a unit of Exel SA, acquired the entire share capital of ET Works LLC, a Mooresville-based manufacturer of agricultural self-propelled sprayers.
ACI Worldwide Inc-Community Financial Services business Fiserv Inc 200.0 Fiserv Inc definitively agreed to acquire community financial services business of ACI Worldwide Inc, a Naples-based developer of electronic payment software, for $200 mil.
Water Transfer LLC Fluid Delivery Solutions LLC Fluid Delivery Solutions LLC, a unit of Trilantic Capital Management LLC, acquired Water Transfer LLC, a Midland-based manufacturer of water transfer equipment.
Kinesis Survey Technologies LLC FocusVision Worldwide Inc FocusVision Worldwide Inc acquired Kinesis Survey Technologies LLC, an Austin-based software publisher.
Clipper Navigation Inc Forde Reederei Seetouristik GmbH & Co KG Forde Reederei Seetouristik GmbH & Co KG of Germany acquired an undisclosed majority interest in Clipper Navigation Inc, a Seattle-based provider of inland water passenger transportation services.
DPS Inc Full Throttle Films Inc Full Throttle Films Inc acquired bankrupt DPS Inc, a Burbank-based provider of lighting, sound, video and staging services.
Side.Cr LLC General Motors Co General Motors Co acquired Side.Cr LLC (doing business as SideCar), a San Francisco-based developer of mobile application software.
Walter G Anderson Inc Graphic Packaging International Inc Graphic Packaging International Inc, a unit of Graphic Packaging Holding Co, agreed to acquire the entire share capital of Walter G Anderson Inc, a Hamel-based manufacturer and wholesaler of folding cartons.
Hyper Pet LLC Guardian Capital Partners Guardian Capital Partners acquired Hyper Pet LLC, a manufacturer of dolls and stuffed toys for pets.
Global Water Resources Inc GWR Global Water Resources Corp GWR Global Water Resources Corp agreed to merge with Global Water Resources Inc, a Phoenix-based water utility company.
The Heimburg Group Inc Hardesty & Hanover LLC Hardesty & Hanover LLC acquired The Heimburg Group Inc, a Tampa-based provider of consulting engineering services.
On Call International LLC HCC Insurance Holdings Inc HCC Insurance Holdings Inc, a unit of Tokio Marine & Nichido Fire Insurance Co Ltd, acquired On Call International LLC, a provider of fully-customized travel risk management services, including medical evacuation and emergency assistance, to travelers around the world.
Sovos Compliance LLC HgCapital LLP HgCapital LLP of the UK acquired an undisclosed majority interest in Sovos Compliance LLC , a Wilmington-based provider of tax compliance solutions services, from Vista Equity Partners LLC via a secondary buyout transaction. Originally, Vista acquired Sovos in a leveraged buyout transaction.
RPG Solutions Inc Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired RPG Solutions Inc, a Raleigh-based provider of employee benefits services.
Polyfoam Products Inc ICP Group ICP Group, a unit of Audax Group LP, agreed to acquire Polyfoam Products Inc, a Tomball-based manufacturer of polyurethane foam formulations, dispensing equipment and adhesive products, from 3M Co. Terms were not disclosed.
ANADIGICS Inc II-VI Inc 58.6 II-VI Inc planned to launch a tender offer for to acquire the entire share capital of ANADIGICS Inc, a Warren-based manufacturer of semiconductor equipment, for $0.66 in cash per share or a total of $58.632 million. The offer was conditioned upon at least a majority of ANADIGICS shares being tendered. Concurrently, II-VI agreed to acquire EpiWorks Inc.
EpiWorks Inc II-VI Inc 43.0 II-VI Inc agreed to acquire EpiWorks Inc a Champaign-based manufacturer of semiconductors and related device, for an estimated $43 million in cash. Concurrently, II-VI agreed to acquire ANADIGICS Inc.
Amphion Medical Solutions LLC iMedX Inc iMedX Inc acquired Amphion Medical Solutions LLC, a Madison-based provider of technology driven medical documentation and coding services.
Omnigon Infront Sports & Media AG Infront Sports & Media AG of Switzerland, a unit of Dalian Wanda Group Co Ltd, acquired a 51% interest in Omnigon, a San Diego-based provider of custom computer programming services.
Ustream Inc International Business Machines Corp{IBM} International Business Machines Corp acquired Ustream Inc, a San Francisco-based video streaming services provider. Terms were not disclosed.
Demandforce Inc Internet Brands Inc Internet Brands Inc, a unit of Kohlberg Kravis Roberts & Co LP, plans to acquire Demandforce Inc, a San Francisco-based developer of automated marketing software, from Intuit Inc.
Veriditas Botanicals LLC INULA Natural Health INULA Natural Health of Belgium acquired Veriditas Botanicals LLC, a Minneapolis-based manufacturer and wholesaler of aromatherapy products.
Eastridge Mall,San Jose,California Investor Group 200.0 An investor group, comprised of Pacific Retail Capital Partners LLC and Silverpeak Real Estate Partners LLP, acquired Eastridge Mall, a San Jose-based owner and operator of a shopping center, from General Growth Properties Inc for an estimated $200 million.
A Wireless Inc Lone Star Funds Lone Star Funds acquired A Wireless Inc, a Greenville-based owner and operator of voice and data communication service shops, from Atlantic Street Capital Management LLC via a secondary buyout transaction. Originally, Atlantic acquired A Wireless in a leveraged buyout transaction.
Innovative Restaurant Supply Inc Lorraine Capital LLC Lorraine Capital LLC acquired Innovative Restaurant Supply Inc, a Rochester-based retailer of restaurant supplies, via a leveraged buyout transaction.
First National Bank of Eagle River Inc Mackinac Financial Corp 12.5 Mackinac Financial Corp definitively agreed to acquire the entire share capital of Eagle River-based First National Bank of Eagle River Inc from Ellis Bankshares Inc for $12.5 million in cash.
CNX Distribution Inc Maroon Group LLC Maroon Group LLC, a unit of CI Capital Partners LLC, acquired CNX Distribution Inc, a Hurst-based wholesaler of specialty chemicals. Terms were not disclosed.
West End Anesthesia Group Inc MEDNAX Inc MEDNAX Inc acquired West End Anesthesia Group Inc, a Richmond-based provider of anesthesia services.
ABC Financial Services Inc-Club Marketing Division Members Today LLC Members Today LLC agreed to acquire the club marketing division of ABC Financial Services Inc, a Sherwood-based developer of health club management software.
Magnet 360 LLC MindTree Ltd 50.0 MindTree Ltd of India definitively agrred to acquire Magnet 360 LLC, a Minneapolis-based provider of information technology consulting services, for $50 million in cash.
Equivoice LLC MNJ Technologies Inc MNJ Technologies Inc acquired Equivoice LLC, a Chicago-based provider of network infrastructure management services.
AimLogic inc National Credit Center inc National Credit Center inc acquired AimLogic inc, a Las Vegas-based manufacturer of automobiles.
Phillips Services Inc Natural Systems Utilities LLC Natural Systems Utilities LLC acquired Phillips Services Inc, a San Francisco-based water and waste water system operator.
Untappd LLC Next Glass Inc Next Glass Inc planned to merge with Untappd LLC, a Los Angeles-based reproducer of software.
Blaschko Computers Inc Open Systems Inc Open Systems Inc, a unit of Acclaim Technology Inc, acquired the entire share capital of Blaschko Computers Inc, a Saint Cloud-based developer of enterprise resource planning software.
Power Partners Inc OpenGate Capital LLC OpenGate Capital LLC acquired Power Partners Inc, an Athens-based manufacturer of overhead distribution transformers, from PPI Inc via a leveraged buyout transaction. Terms were not disclosed.
Storage Treasures LLC OpenTech Alliance Inc OpenTech Alliance Inc acquired an undisclosed majority interest in Storage Treasures LLC, an internet service provider.
Health Advances LLC PAREXEL International Corp PAREXEL International Corp definitively agreed to acquire the entire share capital of Health Advances LLC, a Weston-based provider of strategy consulting services.
Coinsetter LLC Payward Inc Payward Inc acquired Coinsetter LLC, a New York-based provider of bitcoin exchange services.
indieWIRE LLC Penske Media Corp Penske Media Corp acquired indieWIRE LLC, a Brooklyn-based provider of online news and social networking services, from SnagFilms Inc. Terms were not disclosed.
Kerr McGee Oil & Gas Onshore LP-Oil Producing Well PetroShare Corp PetroShare Corp signed a Letter of Intent to acquire an oil producing well of Kerr McGee Oil & Gas Onshore LP, a Denver-based oil and gas exploration and production company.
Pacific Architects & Engineers Inc Platinum Equity LLC Platinum Equity LLC definitively agreed to acquire Pacific Architects & Engineers Inc (PAE), an Arlington-based provider of facilities support services, from Lindsay Goldberg LLC, in a secondary buyout transaction. Terms were not disclosed.
Crime Scene Inc Prestige Worldwide Group LLC Prestige Worldwide Group LLC acquired Crime Scene Inc, a provider of hazardous waste treatment and disposal services. Concurrently, Prestige Worldwide Group LLC acquired KRI Crime Scene Cleanup and Crime Scene Clean LLC.
Crime Scene Clean LLC Prestige Worldwide Group LLC Prestige Worldwide Group LLC acquired Crime Scene Clean LLC, a provider of hazardous waste treatment and disposal services. Concurrently, Prestige Worldwide Group LLC acquired KRI Crime Scene Cleanup and Crime Scene Inc.
KRI Crime Scene Cleanup Prestige Worldwide Group LLC Prestige Worldwide Group LLC acquired KRI Crime Scene Cleanup, a Keller-based provider of hazardous waste treatment and disposal services. Concurrently Prestige Worldwide Group LLC acquired Crime Scene Inc and Crime Scene Clean LLC.
Roquemore & Roquemore Inc Primeritus Financial Services Inc Primeritus Financial ServicesInc, a unit of Kinderhook Industries LLC, acquired Roquemore & Roquemore Inc, a Dallas-based provider of skip tracing and collateral services.
Waste Connections Inc Progressive Waste Solutions Ltd 5,932.0 Progressive Waste Solutions Ltd definitively agreed to acquire the entire share capital of Waste Connections Inc, a Woodlands-based provider of solid waste services, in a stock swap reverse takeover transaction valued at $5932. billion. Progressive offered 2.077 common shares per Waste Connections share. Based on Progressive's closing stock price of $33. 82 on 18 January 2016, the last full trading day prior to the announcement, each Waste Connections share was valued at $48.455. Originally, in January 2016, Progressive was rumored to be seeking a buyer for the entire share capital of the company.
Genworth Financial Inc-Certain Assets Protective Life Insurance Co Protective Life Insurance Co, a unit of Protective Life Corp, acquired certain assets of Genworth Financial Inc, a Richmond-based direct life insurance carrier ultimately owned by General Electric Co.
General Electric Co-Appliances Business Qingdao Haier Co Ltd 5,400.0 Qingdao Haier Co Ltd of China definitively agreed to acquire the appliances business of General Electric Co (GE), a Fairfield-based manufacturer and wholesaler of power generation, transmission, distribution and control equipment, for $5.4 billion in cash. Originally, in July 2014, GE was rumored to be seeking a buyer for its GE Appliances division. Electrolux AB, Controladora Mabe, LG Electronics Inc, Samsung Electronics Co, and Arcelik AS were named as potential bidders back then.
BlueCava Inc Qualia Inc Qualia Inc definitive agreement to acquire the entire share capital of BlueCava Inc, an Irvine-based developer of cross-screen audience association software.
SmartVault Corp Reckon Ltd Reckon Ltd of Australia acquired SmartVault Corp, a Houston-based developer of document management software.
Image Process Design Inc Renovus Capital Partners LP Renovus Capital Partners LP acquired an undisclosed majority interest in Image Process Design Inc, a Bloomfield Township-based software publisher, via a leveraged buyout transaction.
Park Bancorp Inc,Chicago,Illinois Royal Financial Inc,Chicago,Illinois 0.2 Royal Financial Inc, Chicago,Illinois definitively agreed to acquire the entire share capital of Park Bancorp Inc, a Chicago-based bank holding company, for an estimated $0.24 million in cash.
Agilum Healthcare Intelligence Inc Sentry Data Systems Inc Sentry Data Systems Inc, a unit of ABRY Partners LLC, acquired Agilum Healthcare Intelligence Inc, a Brentwood-based software publisher.
Data Supplies Inc Smart Source LLC Smart Source LLC acquired Data Supplies Inc, a Duluth-based provider of marketing communications services.
Reach Holdings LLC Solid Inc Solid Inc of South Korea acquired Reach Holdings LLC, a Roseburg-based manufacturer of wireless communications equipment.
Cord Project Inc Spotify AB Spotify AB of Sweden acquired Cord project Inc, a New York-based audio messaging software developer.
International Telcom Ltd Swiftreach Networks Inc Swiftreach Networks Inc acquired International Telcom Ltd, a wired telecommunications carrier.
Centre Ingredient Technology Inc Takasago International Corp Takasago International Corp of Japan planned to acquire the entire share capital of Centre Ingredient Technology Inc, a Rockingham-based manufacturer and wholesaler of flavors and fragrance ingredients.
FYI Television Inc Telefonaktiebolaget LM Ericsson Telefonaktiebolaget LM Ericsson of Sweden planned to acquire FYI Television Inc, a Grand Prairie-based provider of television information and entertainment image content services.
CoSentry Inc TierPoint LLC TierPoint LLC, a unit of Cequel Data Centers LLC, definitively agreed to acquire CoSentry Inc, an Omaha-based provider of computer facilities management services. Terms were not disclosed.
Walser Financial Services Inc Union Leasing Inc Union Leasing Inc, a unit of Sasser Family Holdings Inc, acquired Walser Financial Services Inc, a Hopkins-based provider of leasing and fleet management services, from Walser Automotive Group LLC.
PopsyCakes Distributing LLC Unique Pizza & Subs Corp Unique Pizza & Subs Corp acquired the entire share capital of PopsyCakes Distributing LLC, a Deerfield Beach-based producer and wholesaler of cake pops.
Healthcare Liability Solutions Inc USI Insurance Services LLC USI Insurance Services LLC, a unit of USI Holdings Corp, acquired Healthcare Liability Solutions Inc, a Houston-based insurance agency. Terms were not disclosed.
Wilmot Mountain Inc Vail Resorts Inc Vail Resorts Inc acquired Wilmot Mountain Inc, a Wilmot-based owner and operator of a ski resort. Terms were not disclosed.
Overland Pointe Marketplace,Overland Park,Kansas Viking Partners LLC 8.5 Viking Partners LLC acquired Overland Pointe Marketplace, an Overland Park-based retail shopping center, for $8.5 million via a leveraged buyout transaction.
Prairie State Energy Campus Wabash Valley Power Association Inc Wabash Valley PowerAssociation Inc planned to acquire Prairie State Energy Campus, an America County-based electric power distributor. The terms of the transaction were not disclosed, but according to sources familiar with the transaction, the deal is estimated to be worth $57 million.
NetBraze LLC Worthington Industries Inc Worthington Industries Inc acquired NetBraze LLC, a Mount Orab-based manufactures and wholesales processed steel products.
Orange Legal Technologies Xcellence Inc Xcellence Inc, a unit of Clearview Capital Fund III LP, acquired Orange Legal Technologies, a Salt Lake City-based software publisher. Orange Legal Technologies develops litigation, audit and support solutions software for law firms and corporations with local, domestic or international requirements.
Integrated Microwave Technologies LLC XG Technology Inc 3.0 XG Technology Inc signed a Letter of Intent to acquire Integrated Microwave Technologies LLC, a Mt Olive-based manufacturer of digital microwave video systems, from Skyview Capital LLC for $3 million.
US M&A Deals Announced January 15-January 21, 2016
Source: Thomson Reuters

 

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