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The Weekly Wrap: Dr Pepper, Oracle, Smithfield

Dr Pepper acquires Bai Brands; Oracle purchases Dyn; Smithfield buys Clougherty Packing

TargetAcquirerValue ($millions)Synopsis
Energy Transfer Partners LP Sunoco Logistics Partners LP 21,318.7 Sunoco Logistics Partners LP, definitively agreed to merge with Energy Transfer Partners LP, a Dallas-based provider of natural gas midstream and intrastate transportation and storage services, via a stock swap transaction valued at $21.319 bil. Sunoco Logistics offered 1.5 common shares per Energy Transfer share. Based on Sunoco Logistics' closing stock price of $26.19 on 18 November 2016, the last full trading day prior to the announcement, each Energy Transfer share was valued at $39.285.
LifeLock Inc Symantec Corp 2,449.5 Symantec Corp definitively agreed to acquire the entire share capital of LifeLock Inc, a Tempe-based developer of internet-based identity theft protection software, for $24 in cash per share or a total of $2.45 bil. Originally, in November 2016, LifeLock Inc was rumored to be seeking a buyer for the company.
Headwaters Inc Boral Ltd 1,798.5 Boral Ltd of Australia definitively agreed to acquire the entire share capital of Headwaters Inc, a South Jordan-based manufacturer of building products, for $24.25 in cash per share or a total of $1.798 billion.
Bai Brands LLC Dr Pepper Snapple Group Inc 1,700.0 Dr Pepper Snapple Group Inc agreed to acquire Bai Brands LLC, a Hamilton-based producer and wholesaler of beverages, for $1.7 billion in cash. Originally, in October 2016, Bai was seeking a buyer for the company.
Anadarko Petroleum Corp-Carthage Upstream & Midstream Assets,East Texas Castleton Commodities International LLC 1,000.0 Castleton Commodities International LLC, a unit of DF Energy Acquisition LLC, acquired the Carthage upstream & midstream assets in East Texas of Anadarko Petroleum Corp, a The Woodlands-based oil and gas exploration and production company, for around $1 billion.
Applied Micro Circuits Corp MACOM Technology Solutions Holdings Inc 732.9 Via a stock swap transaction valued at $732.931 mil, MACOM Technology Solutions Holdings Inc definitively agreed to merge with Applied Micro Circuits Corp, a Santa Clara-based manufacturer, designer, and developer of silicon integrated circuits, embedded processors and storage components. MACOM offered $3.25 in cash and 0.1089 MACOM common share per AppliedMicro share. Based on MACOM's closing stock price of $46. 95 on 18 November 2016, the last full trading day prior to the announcement, each AppliedMicro was valued at $5.113.
Whiting Petroleum Corp-Robinson Lake Natural Gas Plant & Gathering System Tesoro Logistics Operations LLC 700.0 Tesoro Logistics Operations LLC, a unit of Tesoro Logistics LP, agreed to acquire a 50% interest in the Robinson Lake natural gas plant & gathering system of Whiting Petroleum Corp, a Denver-based provider of support services for oil and gas operations. Concurrently, Tesoro agreed to acquire a 50% interest in Whiting's Belfield natural gas processing plant. Both deals have a combined value of $700 mil.
Clougherty Packing LLC Smithfield Foods Inc 145.0 Smithfield Foods Inc, a unit of WH Group Ltd, agreed to acquire Clougherty Packing LLC, a Los Angeles-based producer and processor of a full line of branded pork products, from Hormel Foods Corp for around $145 mil.
Brookfield Asset Management Inc-North San Jose Office Park Westbrook Partners LLC 95.0 Westbrook Partners LLC acquired the North San Jose office park of Brookfield Asset Management Inc, a Toronto-based provider of asset management services, for $95 million via a leveraged buyout transaction.
Veridicus Holdings LLC Magellan Health Inc 74.5 Magellan Health Inc agreed to acquire Veridicus Holdings LLC, a Salt Lake City-based provider of pharmacy benefit management services, for $74.5 mil.
Automation Engineering Inc Mycronic AB 62.0 Mycronic AB of Sweden acquired Automation Engineering Inc, a Wilmington-based provider of engineering services, for $62 million. The consideration would consist of $35 million in cash and up to $27 million in profit-related payments.
CBG Acquisition LLC-Canterbury Gradens Eagle Gardens of Jacksonville LLC 27.0 Eagle Gardens of Jacksonville LLC acquired the Canterbury Gardens of CBG Acquisition LLC, a New York- based lessor of real estate property, for $27 mil.
International Chimney Corp Global Dominion Access SA 15.0 Global Dominion Access SA of Spain acquired International Chimney Corp, a Buffalo-based construction firm, for around $15 million. The consideration would consist of $6 million in cash and up to $9 million in profit-related payments.
4DSP LLC Abaco Systems Inc Abaco Systems Inc acquired 4DSP LLC, an Austin- based manufacturer of commercial off-the-self digital signal processing and data acquisition equipment.
New Windsor Bancorp Inc ACNB Corp ACNB Corp plans to acquire the entire share capital of New Windsor Bancorp Inc, a New Windsor-based commercial bank. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at $33.294 million.
Yargus Manufacturing Inc Ag Growth International Inc Ag Growth International Inc of Canada acquired Yargus Manufacturing Inc, a Marshall-based maker of bulk blending, handling, and bagging equipment.
Chase Pharmaceuticals Corp Inc Allergan PLC Allergan PLC acquired Chase Pharmaceuticals Corp Inc, a Washington-based provider of research and development services, for $125 mil.
Triad Industrial Sales Inc-Certain Assets Alro Industrial Supply Alro Industrial Supply acquired certain assets of Triad Industrial Sales Inc, a Kernersville-based wholesaler of cutting tools. Terms were not disclosed.
Tucker Johnston & Smeltzer Inc AssuredPartners Inc AssuredPartners Inc, a unit of GTCR LLC, acquired Tucker Johnston & Smeltzer Inc, a Pittsburgh-based insurance agency.
Big Al Security Team LLC Asta Holdings Corp Asta Holdings Corp acquired Big Al Security Team LLC, a Fort Collins-based provider of security services.
Music Dealers.com BrandSpins LLC BrandSpins LLC acquired Music Dealers.com, a Chicago-based operator of a music search platform and also controls the world's largest pre-cleared music catalog.
Thompson Family RV LC Camping World Holdings Inc Camping World Holdings Inc agreed to acquire Thompson Family RV LC, a Davenport-based recreational vehicle dealer.
Single-tenant net lease retail properties(24) Capview Partners LLC Capview Partners LLC acquired 24 single-tenant retail properties. Terms of the transaction are not disclosed.
Highway Twenty Casual Astronaut Casual Astronaut acquired Highway Twenty, a Phoenix-based provider of marketing services for philanthropic and noble causes.
Lorenz Inc-Manufacturing Assets,Calexico Celestica Inc Celestica Inc of Canada, a unit of Onex Corp, acquired the manufacturing assets of Lorenz Inc, a Calexico-based maker of metal cutting machine tools. Terms were undisclosed. Concurrently, Celestica Inc acquired the production assets of Suntek Manufacturing Technologies SA DE CV.
Kentucky Christian University Inc Cincinnati Christian University The owner of Cincinnati Christian University plans to acquire the remaining stake it does not already own in Kentucky Christian University Inc, a Grayson-based college operator.
River City Hospice LLC Cornerstone Healthcare Inc Cornerstone Healthcare Inc, a unit of The Ensign Group Inc, acquired River City Hospice LLC, a Post Falls-based provider of home health care services.
Transtar Holding Co Creditors Transtar Holding Co, a Walton Hills-based automotive parts and accessories retailer, agreed to a debt restructuring transaction with creditors. Creditors would receive common stock in exchange for outstanding debt. Upon completion of the deal, creditors would hold an undisclosed interest in the restructured Transtar. The book value of the existing debt that will be exchanged is $290 million.
Rocky Mountain Park Inn Inc Delaware North Cos Inc Delaware North Cos Inc acquired Rocky Mountain Park Inn Inc, an East Park-based hotel owner and operator. Concurrently, Delaware North acquired Trendz at the Park. Terms were not disclosed.
Trendz at the Park Delaware North Cos Inc Delaware North Cos Inc acquired Trendz at the Park, an Estes Park-based provider of interior design services. Concurrently, Delaware North acquired Rocky Mountain Park Inn Inc. Terms were not disclosed.
Travelsmith Outfitters Inc Distinctive Apparel Inc Distinctive Apparel Inc acquired Travelsmith Outfitters Inc, a Novato-based family clothing retailer. Concurrently, Distinctive Apparel Inc also acquired Chasing Fireflies LLC, a Seattle-based mail-order children’s boutique. Terms were not disclosed.
Chasing Fireflies LLC Distinctive Apparel Inc Distinctive Apparel Inc acquired Chasing Fireflies LLC, a Seattle-based mail-order children’s boutique, from HSN Inc. Concurrently, Distinctive Apparel Inc acquired Travelsmith Outfitters Inc, a Novato-based family clothing retailer. Terms were not disclosed.
Pentagon Federal Credit Union Energy Federal Credit Union Energy Federal Credit Union plans to merge with Pentagon Federal Credit Union, an Alexandria-based credit union.
Exhibits USA Inc ExhibitQuest Inc ExhibitQuest Inc merged with Exhibits USA Inc, an Aurora-based display advertising agency.
Rayzor Ranch Marketplace Fidelis Realty Partners Ltd Fidelis Realty Partners Ltd acquired Rayzor Ranch Marketplace, a shopping mall in Denton, Texas.
Business Parks (2) Las Vegas NV Harsch Investment Properties LLC Harsch Investment Properties LLC acquired 2 business parks in Las Vegas comprising Patrick Commerce Center and the Big Foot Business Park.
Jonathan Paul Eyewear Inc Hilsinger Co LP Hilsinger Co LP, a unit of Blue Point Capital Partners LP, acquired Jonathan Paul Eyewear Inc, an Austin-based manufacturer of ophthalmic goods.
Fender Gripper Inc Huron Capital Partners LLC Huron Capital Partners LLC acquired Fender Gripper Inc, a Tyler-based manufacturer of hoses and belting.
Carlile Bancshares Inc Independent Bank Group Inc Independent Bank Group Inc plans to acquire Carlile Bancshares Inc, a Fort Worth-based commercial bank, for $434 million via a leveraged buyout transaction.
Properties in Boston and Denver Investcorp International Inc Investcorp International Inc, a unit of Investcorp Bank BSC, had bought a portfolio of properties in the Boston and Denver metropolitan areas for about USD250 mil.
Lasko Holdings Inc Investor Group An investor group, comprised of JW Levin Management Partners LLC and Comvest Partners plans to acquire Lasko Holdings Inc, a West Chester-based manufacturer of electric housewares, via a leveraged buyout transaction.
Gateway El Segundo Investor Group An investor group, comprising Lincoln Property Co and Rockwood Capital LLC, plans to acquire Gateway El Segundo, a 345,529 square foot Class A office campus with 2 retail buildings located in El Segundo, California. Terms have not been disclosed.
Guardian Industries Corp Koch Industries Inc Koch Industries Inc plans to acquire the remaining 55.5% interest it does not already own in Guardian Industries Corp, an Auburn Hills-based manufacturer of flat glass, from GDC Transition Co. Terms were not disclosed.
Honolulu Ford Lithia Motors Inc Lithia Motors Inc acquired Honolulu Ford, a Honolulu-based new car dealer.
Mergent Inc London Stock Exchange Group PLC London Stock Exchange Group PLC of the UK agreed to acquire Mergent Inc, a Fort Mill-based provider of global business and financial information, from Carousel Capital Partners III LP, ultimately owned by Carousel Capital Partners LP. Terms were not disclosed.
ClearPlex Corp-Select Assets Madico Inc Madico Inc agreed to acquire select assets of ClearPlex Corp, a Draper-based manufacturer of automotive glass protection film and related products.
Wehrenberg Theatres Marcus Theatres Corp Marcus Theatres Corp, a unit of Marcus Corp, plans to acquire Wehrenberg Theatres, a St. Louis-based drive-in motion picture theater operator. Terms were not disclosed.
Soltra Solutions LLC NC4 Inc The US state-owned NC4 Inc acquired Soltra Solutions LLC, a Reston-based provider of security guard and patrol services jointly owned by Financial Services Information Sharing and Analysis Center Inc and Depository Trust & Clearing Corp.
Trans-Mate Inc Niteo Products LLC Niteo Products LLC, a unit of Highlander Partners LP, acquired Trans-Mate Inc, a North Billerica-based manufacturer of car wash and car detailing products.
Dynamic Network Services Inc Oracle Corp Oracle Corp plans to acquire Dynamic Network Services Inc, a Manchester-based internet performance management company.
AmRide LLC PaddyWagons PaddyWagons merged with AmRide LLC, a Chicago-based provider of personal driver services.
Kevita Inc PepsiCo Inc PepsiCo Inc definitively agreed to acquire Kevita Inc, an Oxnard-based manufacturer of soft drinks. Originally, in October 2016, Pepsi was rumored to be planning to acquire Kevita.
Stanton Carpet Corp Quad-C Management Inc Quad-C Management Inc acquired Stanton Carpet Corp, a Syosset-based carpet and rug mill operator, from Norwest Equity Partners.
DeWal Industries Inc Rogers Corp Rogers Corp acquired DeWal Industries Inc, a Narragansett-based manufacturer of plastics materials.
Carnero Processing LLC Sanchez Production Partners LP Sanchez Production Partners LP acquired a 50% interest in Carnero Processing LLC, a site preparation contractor, for $80 mil.
ChopShop Schiefer Media Inc Schiefer Media Inc acquired the entire share capital of ChopShop, a Seattle-based provider of marketing consulting services.
Hardeman County Investment Co Inc Simmons First National Corp Simmons First National Corp plans to acquire the entire share capital of Hardeman County Investment Co Inc, a commercial bank, for $72.2 million.
National Plastics Inc Sinclair & Rush Inc Sinclair & Rush Inc acquired National Plastics Inc, a manufacturer of plastics products.
Ritz-Carlton Kapalua SMW Hospitality LLC SMW Hospitality LLC, jointly owned by Wafra Investment Advisory Group Inc and Square Mile Capital Management LLC, acquired the Ritz-Carlton Kapalua in Lahaina. Terms were not disclosed, but according to sources close to the matter, the deal was valued at around $210 million. Originally, in September 2016, the owner was rumored to be planning to divest the Ritz-Carlton Kapalua to an undisclosed acquirer.
Eastern Security Inc SOS Security LLC SOS Security LLC acquired Eastern Security Inc, a Waltham-based provider of professional security guard services and security officers. Terms were not disclosed.
Stats LLC-National Fantasy Championship assets SportsHub Technologies LLC SportsHub Technologies LLC acquired National Fantasy Championship assets of Stats LLC, a Northbrook-based provider of sports statistics services ultimately owned by Vista Equity Partners LLC. Concurrently, SportsHub acquired LeagueSafe LLC.
LeagueSafe LLC SportsHub Technologies LLC SportsHub Technologies LLC acquired LeagueSafe LLC, a Plymouth-based provider of online payment services. Concurrently, SportsHub acquired National Fantasy Championship assets of STATS LLC.
Whiting Petroleum Corp-Belfield Natural Gas Processsing Plant Tesoro Logistics Operations LLC Tesoro Logistics Operations LLC, a unit of Tesoro Logistics LP, agreed to acquire a 50% interest in the Belfield natural gas processing plant of Whiting Petroleum Corp, a Denver-based provider of support services for oil and gas operations. Concurrently, Tesosro agreed to acquire a 50% interest in Whiting's Robinson Lake natural gas plant & gathering system. Both deals have a combined value of $700 million.
NOVOLEX Holdings Inc The Carlyle Group LP The Carlyle Group LP was rumored to be planning to acquire NOVOLEX Holdings Inc, a Hartsville-based manufacturer of plastics films and sheets, from Patriot National Inc. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at $2.5 bil.
Vantage Vertical The Falcon Group The Falcon Group acquired Vantage Vertical, a provider of surveying and mapping services.
Adapt Technology LLC TransForm Solution Inc TransForm Solution Inc acquired an undisclosed majority interest in Adapt Technology LLC, an Auburn Hills-based provider of engineering services.
Water & Energy Systems Technology Inc US Water Services Inc US Water Services Inc, a unit of ALLETE Inc, acquired Water & Energy Systems Technology Inc, a Santa Fe Springs-based provider of specialty chemicals and engineering services.
Interactive Health Systems Inc VMS Rehab Systems Inc VMS Rehab Systems Inc of Canada plans to acquire Interactive Health Systems Inc, a Cheyenne-based hospital operator.
DAE Advertising Inc Wilkin Marketing Ltd Co Wilkin Marketing Ltd Co, a unit of The Marketing Group Plc, acquired DAE Advertising Inc, a San Francisco-based advertising agency.
US M&A Deals Announced November 18 to November 24, 2016
Source: Thomson Reuters

 

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