TargetAcquirerValue ($millions)Synopsis
Cavium IncMarvell Technology Group Ltd5,863.0Marvell Technology Group Ltd of Bermuda definitively agreed to acquire the entire share capital of Cavium Inc, a San Jose-based manufacturer and wholesaler of semiconductors processors, via a stock swap transaction valued at $5.863 billion. The consideration would consist of $40 in cash and 2.1757 Marvell ordinary shares per Cavium share. Based on Marvell’s closing stock price of $20.29 on 17 November 2017, the last full trading day prior to the announcement, each Cavium share was valued at $44.145. Upon completion of the deal, Marvell and Cavium will respectively own 75% and 25% of the merged entity. Earlier this month, Marvell was rumored to be planning to merge with Cavium.
Talos Energy LLCStone Energy Corp1,212.3Stone Energy Corp definitively agreed to merge with Talos Energy LLC, a Houston-based oil and gas exploration and production company, in exchanged for 34.16 million newly-issued Stone common shares valued at $1.212 billion. The shares were valued based on Stone’s closing stock price of $35.49 on 20 November 2017, the last full trading day prior to the announcement. Upon completion of the deal, Stone and Talos will respectively own 37% and 63% of the merged entity, which will be known as Talos Energy Inc.
SeaStar SolutionsDometic Group AB875.0Dometic Group AB of Sweden definitively agreed to acquire SeaStar Solutions, a Litchfield-based electronic components manufacturer, from American Securities LLC for $875 million in cash.
Hd Smith Wholesale Drug Co IncAmerisourceBergen Corp815.0AmerisourceBergen Corp definitively agreed to acquire H.D. Smith Wholesale Drug Co Inc, a Springfield-based drugs wholesaler, for $815 million in cash.
Care Investment Trust LLCMainstreet Health Investments Inc395.9Mainstreet Health Investments Inc of Canada agreed to acquire Care Investment Trust LLC, a New York City-based lessor of real estate property, for about $395.936 million from Tiptree Financial Inc, ultimately owned by Tiptree Financial Partners LP.
Atlantic Coast Financial CorpAmeris Bancorp146.7Ameris Bancorp definitively agreed to acquire the entire share capital of Atlantic Coast Financial Corp, a Jacksonville-based savings institution, via a stock swap transaction valued at $146.687 million. Ameris offered 0.17 common shares plus $1.39 cash per Atlantic share. Based on Ameris’ closing stock price of $47.3 on 16 November 2017, the last full trading day prior to the announcement, each Atlantic share was valued at $8.041.
Atlas,Issaquah,WAKennedy-Wilson Holdings Inc135.0Kennedy-Wilson Holdings Inc acquired Atlas, a 343-unit apartment community in Issaquah, Washington, for $135 mil.
Contractors Equipment Center LLCH&E Equipment Services Inc122.4H&E Equipment Services Inc definitively agreed to acquire Contractors Equipment Center LLC, a Commerce City-based lessor of machinery and equipment, for around $122.4 mil.
Rapid Manufacturing Group LLCProto Labs Inc120.0Proto Labs Inc definitively agreed to acquire Rapid Manufacturing Group LLC, a Nashua-based sheet metal works manufacturer, for $120 million. The consideration would consist of $110 million in cash and $10 million in Proto Labs common shares.
Westmoor Technology CenterKeppel-KBS US REIT117.1Keppel-KBS US REIT of Singapore acquired Westmoor Technology Center in Westminister for $117.1 million.
Anchor Drilling Fluids USA LLCQ’Max America Inc84.0Q’Max Solutions Inc’s unit Q’Max America Inc acquired Anchor Drilling Fluids USA Inc, a Tulsa-based chemical products manufacturer, from Calumet Specialty Products Partners LP for about $84 million.
Alta Capital Management LLCGuardian Capital Group Ltd55.0Guardian Capital Group Ltd of Canada agreed to acquire a 70% stake in Alta Capital Management LLC, a Salt Lake City-based portfolio manager, for $55 million.
Qvidian CorpUpland Software Inc50.0Upland Software Inc acquired Qvidian Corp, a Chelmsford-based software publisher, for $50 million in cash.
TRx Pharmaceuticals LLCCerecor Inc34.0Cerecor Inc definitively agreed to acquire TRx Pharmaceuticals LLC, a Chapel Hill-based pharmaceutical preparations manufacturer, for $34 million. The consideration would consist of $18.9 million cash, issuance of common shares valued at $8.1 mil, and up to $7 million in profit-related payments. The shares were valued based on Cerecor’s closing stock price of $1.1 on 16 November 2017, the last full trading day prior to the announcement.
Stanley Furniture Co IncChurchill Downs LLC16.1Churchill Downs LLC of Vietnam definitively agreed to acquire the entire share capital of Stanley Furniture Co Inc, a Stanleytown-based manufacturer of non-upholstered wood household furniture, for $16.1 million. The consideration would consist of $11.5 million in cash, $4.6 million in promissory notes, and a 5% equity interest.
Homemade Harvey Operating LLCTianyi Holding Hong Kong Ltd5.0Tianyun International Holdings Ltd’s unit Tianyi Holding Ltd of Hong Kong signed a memorandum of understanding to acquire the 51% stake in Homemade Harvey Operating LLC, a Los Angeles-based manufacturer of canned fruits and vegetables, from Homemade for Life International Inc for $5 million via a stock swap transaction. Tianyi offered a choice of $5 million in cash or $5 million in Tianyun ordinary shares.
Pressland360 Blockchain Inc0.3360 Blockchain INC of Canada signed a letter of intent to acquire the 70% interest in Pressland, a provider of business support services, from Chaotic Neutral LLC for $0.26 million or 1 million common shares. The shares were valued based on 360’s closing stock price of $.260. Concurrently, 360 was granted an option to acquire the remaining 30% stake it does not already own in Pressland.
Bridgepoint Consulting LLCAddison Group LLCAddison Group LLC acquired Bridgepoint Consulting LLC, an Austin-based provider of administrative management and general management consulting services.
BC Technical IncAlpha Source IncBaird Capital Partners’ unit Alpha Source Inc acquired BC Technical Inc, a West Jordan-based manufacturer of irradiation apparatuses, from MSouth Equity Partners LLC.
Bay State CollegeAmbow BSC IncAmbow Education Holding Ltd’s unit Ambow BSC Inc of China acquired Bay State College, a private college in Boston, Massachusetts.
Rand Logistics INCAmerican Industrial Partners LPVia a leveraged buyout transaction, American Industrial Partners Management Co Inc’s unit American Industrial Partners LP agreed to acquire the remaining stake it does not already own in Rand Logistics INC, a Jersey City-based provider of deep sea freight transportation services.
Qdoba Restaurant CorpApollo Global Management LLCApollo Global Management LLC plans to acquire Qdoba Restaurant Corp, a Wheat Ridge-based full-service restaurant operator, from Jack in the Box Inc for around $300 million via a leveraged buyout transaction.
Revere Plastics Systems LLCArdian SASArdian SAS of France plans to acquire Revere Plastics Systems LLC, a Clyde-based plastics products manufacturer, from Revere Industries LLC via a leveraged buyout transaction.
Momentum Specialized Staffing Co LtdAtwork Group Co LtdAtwork Group Co Ltd plans to acquire the remaining stake it does not already own in Momentum Specialized Staffing Co Ltd, a Phoenix-based provider of temporary help services.
Ariett Business Solution INCAvidXchange INCAvidXchange Inc acquired Ariett, a Pembroke-based provider of cloud solution services.
Liquor Barn IncBlue Equity LLCVia a leveraged buyout transaction, Blue Equity LLC acquired Liquor Barn INC, a Louisville-based packaged alcoholic beverages retailer, from Liquor Stores Income Fund.
New England Utility Constructors IncCenturi Construction Group IncCenturi Construction Group Inc acquired New England Utility Constructors Inc, a Lawrence-based industrial building constructor.
WebTegrity IncCloudCommerce IncCloudCommerce Inc acquired the entire share capital of WebTegrity Inc, a San Antonio-based provider of custom computer programming services.
Mountain States Steel Inc-AssetsDBM Global IncHC2 Holdings Inc’s unit DBM Global Inc agreed to acquire the assets of Mountain States Steel Inc, a Lindon-based manufacturer of fabricated structural metal products.
Compaction & Recycling Equipment IncDeep Green Waste & Recycling LLCDeep Green Waste & Recycling LLC acquired Compaction & Recycling Equipment Inc, a Clackamas-based waste collection services provider.
Henderson Wheel & Warehouse Supply INCDexter Axle CoSterling Group Partners III LP’s unit Dexter Axle Co plans to acquire Henderson Wheel & Warehouse Supply INC, a Salt Lake City-based retailer of automotive parts and accessories.
Atlanta Fixture & Sales Co Inc-Certain AssetsEdward Don & CoEdward Don & Co acquired certain assets of Atlanta Fixture & Sales Co Inc, an Atlanta-based wholesaler of restaurant equipment.
Dormie Club LLCHainoa LLCHainoa LLC acquired Dormie Club LLC, a West End-based operator of golf course and country club.
Home Medical Professionals INCHospice Source LLCTransition Capital Partners Ltd’s unit Hospice Source LLC acquired Home Medical Professionals Inc, a Gainesville-based provider of home health care services.
Arterra Place Apartments,Aurora,COInland Real Estate Acquisitions IncThe Inland Real Estate Group of Cos Inc’s unit Inland Real Estate Acquisitions Inc acquired Arterra Place Apartments, a 200-unit multifamily property in Aurora, Colorado.
Cufflinks.comInvestor GroupAn investor group, comprising Adam Derek and Jacob Broin, acquired the entire share capital of Cufflinks.com, a Dallas-based online retailer of accessories for men.
Fetch Storage LLCLivible IncLivible Inc acquired Fetch Storage LLC, a Cambridge-based provider of warehousing and storage services.
Colgin Cellars-VineyardLVMH Moet Hennessy Louis Vuitton SALVMH Moet Hennessy Louis Vuitton SA of France, a unit of Christian Dior SE, acquired a 60% stake in Colgin Cellars, a Saint Helena-based winery. The deal includes the brand, the winery and its 26 acres of vineyards.
Peppermint Jim LLCMarani Brands IncMarani Brands Inc acquired a majority interest in Peppermint Jim LLC, a timber tract operator.
Weinstein Co LLCMaria Contreras-SweetMaria Contreras-Sweet, former head of the Small Business Administration during the Obama years, plans to acquire Weinstein Co LLC, a New York-based producer of motion pictures and videos, for around $275 million.
Warner Communications IncMillwright Holdings LLCMillwright Holdings LLC acquired Warner Communications Inc, a New York-based producer of motion pictures and videos, from Time Warner Inc, owned by AOL Time Warner Inc.
Durango Investment Holdings LLCMorgan Stanley Energy PartnersMorgan Stanley Investment Management’s unit Morgan Stanley Energy Partners acquired a majority interest in Durango Investment Holdings Ltd, a Houston-based provider of financial investment services, via a leveraged buyout transaction.
Carrington Home Solutions LP-Property Preservation OperationsMortgage Contracting Services LLCAmerican Securities LLC’s unit Mortgage Contracting Services LLC agreed to acquire the property preservation operations of Carrington Home Solutions LP, an Anaheim-based lessor of real estate property ultimately owned by Carrington Holding Co LLC.
Axalta Coating Systems LtdNippon Paint Holdings Co LtdNippon Paint Holdings Co Ltd of Japan plans to acquire the entire share capital of Axalta Coating Systems Ltd, a Philadelphia-based coatings manufacturer, for around $8.25 billion. Originally, in November 2017, Nippon Paint is rumored to be planning to acquire the entire share capital of Axalta.
Algorithm Inc-Certain Assets & LiabilitiesOmniComm Systems IncOmniComm Systems Inc acquired certain assets & liabilities of Algorithm Inc, a Houston-based software publisher. The transaction includes certain assets & liabilities of Algorics Ltd and Algorithm Informatics Pvt Ltd.
BUDDY’S KITCHEN INCPremium Brands Holdings CorpPremium Brands Holdings Corp of Canada acquired the remaining stake it did not already own in Buddy’s Kitchen Inc, a food service contractor, for around $115 million. Concurrently, Premium Brands Holdings Corp acquired Raybern Foods & Shaw Bakers.
RAYBERN FOODS LLCPremium Brands Holdings CorpPremium Brands Holdings Corp of Canada acquired the remaining stake it did not already own in Raybern Foods, LLC, a wholesaler of grocery products. Concurrently, Premium Brands Holdings Corp acquired Buddy’s Kitchen Inc & Shaw Bakers for a combined value of 115 million USD.
Shaw Bakers LLCPremium Brands Holdings CorpPremium Brands Holdings Corp of Canada acquired a 50% interest in Shaw Bakers LLC, a commercial bakery. Concurrently, Premium Brands Holdings Corp acquired Buddy’s Kitchen Inc & Raybern Foods. The two transactions have a combined value of 115 million USD.
Private Balloon Flights LLCRainbow Ryders INCRainbow Ryders Inc acquired Private Balloon Flights LLC, an Albuquerque-based company that offers private hot air balloon rides for two to six people.
Breakthru Beverage Group LLCRepublic National Distributing CoRepublic National Distributing Co LLC plans to merge with Breakthru Beverage Group LLC, a Cicero-based alcoholic beverages wholesaler.
A Place To Call Home Health Care LLCResCare INCOnex Corp’s unit ResCare INC acquired A Place To Call Home, a provider of home health care services.
Viewics INCRoche Holding AGRoche Holding AG of Switzerland plans to acquire Viewics INC, a San Jose-based software publisher.
GenAlpha Technologies LLCShore Points Capital Management LLCShore Points Capital Management LLC acquired GenAlpha Technologies LLC, a Brookfield-based software publisher, via a leveraged buyout transaction.
Outback Storage Lagunaelk GrovecaliforniaStorQuest Self StorageStorQuest Self Storage acquired Outback Storage Laguna, a self-storage facility in Elk Grove California.
Tech Vulcan IncSynapse Design IncSynapse Design Inc acquired Tech Vulcan Inc, a San Diego-based provider of engineering design services.
BenefitMall INCThe Carlyle Group LPVia a leveraged buyout transaction, The Carlyle Group LP plans to acquire BenefitMall Inc, a Dallas-based provider of integrated payroll and employee benefit products and services.
Obscura Digital IncThe Madison Square Garden CoThe Madison Square Garden Co acquired Obscura Digital Inc, a San Francisco-based provider of graphic design services.
Lextrum IncTransform-X IncTransform-X Inc acquired the remaining stake it did not already own in Lextrum Inc, an Irvine-based wireless telecommunications carrier.
ChemADVISOR IncUL LLCUnderwriters Laboratories Inc’s unit UL LLC acquired ChemADVISOR Inc, a Pittsburgh-based provider of environmental consulting services.
Medical Dermatology Specialists IncUS Dermatology PartnersAbry Partners LLC’s unit US Dermatology Partners acquired Medical Dermatology Specialists Inc, an Atlanta-based medical firm.
0H0366Ushio America IncUshio America Inc, a unit of Ushio Inc, acquired Zylight LLC, a Los Angeles-based manufacturer of electric lamp, bulbs and parts.
Future Global Vision IncYoungevity International IncYoungevity International Inc acquired Future Global Vision Inc, a Las Vegas-based petroleum refinery operator.
US M&A Deals Announced November 17 to November 23, 2017
Source: Thomson Reuters