Target Acquirer Value ($millions) Synopsis
CSRA Inc General Dynamics Corp 9,508.0 General Dynamics Corp definitively agreed to acquire the entire share capital of CSRA Inc, a Falls Church-based provider of computer systems design services, for $9. 508 bil, via tender offer. The consideration will consist of $6.708 billion in cash and the assumption of $2.8 billion in liabilities. The offer is conditional upon at least a majority of CSRA's shares being tendered.
Nationstar Mortgage Holdings Inc WMIH Corp 1,759.1 WMIH Corp definitively agreed to merge with Nationstar Mortgage Holdings Inc, a Coppell-based provider of credit intermediation services, for $1,759 billion from Fortress Investment Group LLC, ultimately owned by SoftBank Group Corp. WMIH Corp offered a choice of $18 in cash per share or 12.779 common WMIH share. Subject to proration whereby 32% of the total consideration will be paid in common shares and the remaining 68% in cash. Based on WMIH closing stock price of $0.796 on 12 February 2018, the last full trading day prior to the announcement, each Nationstar share was valued at $10.172. Upon completion of the deal, WMIH and Nationstar will own 64% and 36% of the merged entity, respectively
Infinity Property & Casualty Corp Kemper Corp 1,322.2 Kemper Corp definitively agreed to merge with Infinity Property & Casualty Corp, a Birmingham-based provider of automobile insurance services, for $1.322 billion via a stock swap transaction. Kemper offered $51.60 in cash per share and 1.2019 common share per Infinity share. Based on Kemper's closing stock price of $57.75 on 12 February 2018, the last full trading day prior to the announcement, each Infinity share was valued at $121.01.
Noble Energy Inc-Deepwater Gulf Of Mexico Assets Fieldwood Energy LLC 810.0 Fieldwood Energy LLC, a unit of Riverstone Holdings LLC, agreed to acquire the deepwater Gulf of Mexico assets of Noble Energy Inc, a Houston-based producer of crude petroleum and natural gas, for $810 million. The consideration will consist of $480 million in cash, the assumption of $230 million in liabilities and up to $100 million in profit-related payments.
MPI Research Inc Charles River Laboratories International Inc 800.0 Charles River Laboratories International Inc definitively agreed to acquire MPI Research Inc, a Mattawan-based provider of biotechnology research and development services, for around $800 million in cash.
ASB Real Estate Investments-Infomart Dallas Equinix Inc 800.0 Equinix Inc definitively agreed to acquire Infomart Dallas of ASB Real Estate Investments, a Bethesda-based lessor of real estate property owned by ASB Capital Management LLC, for $800 million. The consideration will consist of a combination of cash and debt.
Grandpoint Capital Inc Pacific Premier Bancorp Inc 616.1 Pacific Premier Bancorp Inc (PPBI) definitively agreed to acquire the entire share capital of Grandpoint Capital Inc (GPNC), a Los Angeles-based commercial bank, via a stock swap transaction valued at $616.141 million. PPBI offered 0.475 common shares GPNC share. Based on PPBI's closing stock price of $39.1 on 9 February 2018, the last full trading day prior to the announcement, each GPNC share was valued at $18.573. Upon completion, PPBI and GPNC will each own 75% and 25% of the merged entity, respectively.
Amber Road Inc E2open Inc 338.9 E2open Inc, a unit of Insight Venture Partners LLC, plans to acquire the entire share capital of Amber Road Inc, an East Rutherford-based provider of global trade management solutions, for $10.5 in cash per share or $338.852 mil, via an unsolicited offer.
Layne Christensen Co Granite Construction Inc 325.0 Granite Construction Inc definitively agreed to acquire the entire share capital of Layne Christensen Co, a The Woodlands-based water and sewer Line constructor, for $325.049 million. Granite offered 0.27 common shares per Layne common shares, based on Granite's closing stock price $60.08 on 13 February 2018, the last full trading day prior to the announcement, each of Layne shares was valued at $16.222.
GNC Holdings Inc Harbin Pharmaceutical Group Holding Co Ltd 300.0 Harbin Pharmaceutical Group Holding Co Ltd of China agreed to acquire 0.299 million new Series A Convertible Preferred Stocks in GNC Holdings Inc, a Pittsburgh-based food supplement retailer, for a total of $299.95 mil.
CardiacAssist Inc LivaNova PLC 250.0 LivaNova PLC of the UK agreed to pay $250 million to acquire CardiacAssist Inc, a Pittsburgh-based manufacturer of navigational, measuring, electromedical and control instruments.
Launch Digital Marketing LLC Cars.com Inc 205.0 Cars.com Inc definitively agreed to acquire Launch Digital Marketing LLC, a Naperville-based provider of marketing consulting services. Concurrently, Cars definitively agreed to acquire Dealer Inspire Inc. Both transactions are expected to have a combined value of $205 mil, comprising $165 million in cash and up to $40 million in profit-related payments.
Berkeley Data Systems Inc Carbonite Inc 145.8 Carbonite Inc definitively agreed to acquire the entire share capital of Berkeley Data Systems Inc, a Seattle-based internet service provider, for $145.8 million from EMC Corp, owned by Dell Inc.
Universal Cells Inc Astellas Pharma Inc 102.5 Astellas Pharma Inc of Japan acquired Universal Cells Inc, a Seattle-based provider of biotechnology research and development services, for $102.5 million.
Bank Of River Oaks Hilltop Holdings Inc 85.0 Hilltop Holdings Inc definitively agreed to acquire Bank of River Oaks, a Houston-based commercial bank, for $85 mil.
SwiftWater Energy Services LLC TETRA Technologies Inc 81.9 TETRA Technologies Inc definitively agreed to acquire the entire share capital of SwiftWater Energy Services LLC, a Midland-based water and sewer Line constructor, for $81.891 million. The consideration will consist of $40 million in cash, 7.772 million in TETRA common shares valued at $26.891 mil, and up to $15 million in profit-related payments. The shares were valued based on TETRA's closing stock price of $3.46 on 13 February 2018, the last full trading day prior to the announcement.
Delek US Holdings Inc-West Coast Asphalt Terminals Andeavor Corp 75.0 Andeavor Corp, agreed to acquire the West Coast asphalt terminals of Delek US Holdings Inc, a Brentwood-based manufacturer and wholesaler of petroleum refined products ultimately owned by Delek Group Ltd, for $75 million.
Crystal Rock Holdings Inc Cott Corp 20.7 Cott Corp of Canada launched a tender offer for the entire share capital of Crystal Rock Holdings Inc, a Watertown-based grocery products wholesaler, for $0.97 in cash per share, or a total of $20.718 million in cash. The offer is conditional upon at least majority of Crystal's shares being tendered.
Datient Inc Dmg Blockchain Solutions Inc 14.8 Dmg Blockchain Solutions Inc of Canada plans to acquire the entire share capital of Datient Inc, a Santa Clara-based provider of financial transactions services, for $14.82 mil, in a stock swap transaction. The consideration will consist of $2.09 million cash and $12.73 million in common shares.
Fenix Parts Inc Upstate Shredding LLC 10.2 Upstate Shredding LLC plans to acquire the entire share capital of Fenix Parts Inc, a Westchester-based automotive parts and accessories retailer, for $0.5 in cash per share or a total of $10.232 million via an unsolicited offer.
MFI Credit Solutions Starrex International Ltd 1.5 Starrex International Ltd of Canada acquired MFI Credit Solutions, a Huntington Beach-based provider of credit reporting services, for $1.5 million.
Kerafast Inc Absolute Antibody Ltd Absolute Antibody Ltd of the UK merged with Kerafast Inc, a Boston-based drugs merchant wholesaler.
FastSpring Accel-KKR LLC Accel-KKR LLC, jointly owned by Kohlberg Kravis Roberts & Co LP and Accel Partners & Co Inc, acquired an undisclosed majority interest in FastSpring, a Santa Barbara-based provider of marketing consulting services, via a leveraged buyout transaction.
Lucid Design Group Inc Acuity Brands Inc Acuity Brands Inc acquired Lucid Design Group Inc, an Oakland-based provider of building management software.
Pacific Data Partners LLC Acxiom Corp Acxiom Corp acquired Pacific Data Partners LLC, a Seattle-based provider of data processing and hosting services.
A Contact Electric Rentals LP Aggreko PLC Aggreko PLC of the UK acquired A Contact Electric Rentals LP, a Houston-based provider of machinery and equipment rental and leasing services.
Wilson Albers & Co LLC Alera Group Inc Alera Group Inc acquired Wilson Albers & Co LLC, an Anchorage-based insurance agency.
Aurora Systems Inc Allegion PLC Allegion PLC of Republic of Ireland agreed to acquire Aurora Systems Inc, a San Jose-based manufacturer of wireless communications equipment.
MEN Inc Amador Gold Corp Amador Gold Corp of Canada acquired the remaining stake it did not already own in MEN Inc, a Houston-based provider of exam preparation and tutoring services.
Bedrock International Llc Architectural Surfaces Group Architectural Surfaces Group acquired Bedrock International Llc, a Lenexa-based wholesaler of brick, stone and related construction materials
K'NEX Limited Partnership Group Basic Fun Inc Basic Fun Inc, a unit of The Bridge Direct Inc, acquired K'NEX Limited Partnership Group, a Hatfield-based manufacturer of toys.
Petrosmith Llc Blue Wolf Capital Fund IV LP Blue Wolf Capital Fund IV LP, a unit of Blue Wolf Capital Partners LLC, acquired an undisclosed majority interest in Petrosmith Llc, an Abilene-based manufacturer of oil and gas field machinery and equipment, via a leveraged buyout transaction.
Great Lakes Scrip Center Inc Bold Orange Company Bold Orange Company acquired Great Lakes Scrip Center Inc, a Grand Rapids- based social advocacy organization.
Safety Technologies Holdings Inc Bridgepoint Development Capital Ltd Bridgepoint Development Capital Ltd of the UK, a unit of Bridgepoint Advisers Ltd, acquired Safety Technologies Holdings Inc, a Farmington Hills-based manufacturer of safety-related test and measurement systems, from Golden Gate Capital Inc via a leveraged buyout transaction.
Dealer Inspire Inc Cars.com Inc Cars.com Inc definitively agreed to acquire Dealer Inspire Inc, a Naperville-based provider of custom computer programming services. Concurrently, Cars definitively agreed to acquire Launch Digital Marketing LLC.
Avadel Pharmaceuticals PLC-Marketed Pediatric Products Cerecor Inc Cerecor Inc definitively agreed to acquire the marketed pediatric products of Avadel Pharmaceuticals PLC, a Dublin-based specialty pharmaceutical company.
Powell Ebert & Smolik PC Cherry Bekaert & Holland LLP Cherry Bekaert & Holland LLP acquired Powell Ebert & Smolik PC, an Austin-based accounting firm.
Cedexis Inc Citrix Systems Inc Citrix Systems Inc acquired Cedexis Inc, a Portland-based provider of custom computer programming services.
American Greetings Corp Clayton Dubilier & Rice LLC Clayton Dubilier & Rice LLC, a unit of Clayton Dubilier & Rice LP Holdings, plans to acquire a 60% interest in American Greetings Corp, a Cleveland-based greeting card publisher, via a leveraged buyout transaction.
IndependenceIT Inc Cloud Jumper Corp Cloud Jumper Corp acquired IndependenceIT Inc, an Allentown-based software publisher.
Day & Read Inc Confie Seguros Inc Confie Seguros Inc, a unit of ABRY Partners LLC, acquired Day & Read Inc, an Ilion-based insurance agency.
Blue Ridge Insurance Agency Inc Confie Seguros Inc Confie Seguros Inc, a unit of ABRY Partners LLC, acquired Blue Ridge Insurance Agency Inc, a Winston-Salem-based insurance agency.
Remington Outdoor Co Inc Creditors Remington Outdoor Co Inc, a Madison-based manufacturer, designer and seller of firearms, agreed to a debt restructuring transaction with creditors, who will receive common stock, cash and warrants in exchange for outstanding debt. Upon completion of the deal, creditors will hold the entire share capital of the restructured Remington. The book value of the existing debt that will be exchanged amounts to $700 million.
Kruman Equipment Co Dearing Compressor&Pump Co Dearing Compressor&Pump Co acquired Kruman Equipment Co., a Pittsburgh-based industrial machinery and equipment wholesaler.
Character Dentsu Aegis Network Ltd Dentsu Aegis Network Ltd of the UK, a unit of Dentsu Inc, acquired Character, a San Francisco-based provider of marketing consulting services.
Agentjet Inc Elm Street Technology LLC Elm Street Technology LLC acquired Agentjet Inc, an Ann Arbor-based software publisher.
Millie Capital Management Llc EP Wealth Advisors Inc EP Wealth Advisors Inc merged with Millie Capital Management LLC, a Walnut Creek-based portfolio manager.
Michael & Alexander PLLC Fisher & Phillips LLP Fisher & Phillips LLP acquired Michael & Alexander PLLC, a Seattle-based law firm.
Twine Health Inc Fitbit Inc Fitbit Inc plans to acquire Twine Health Inc, a Cambridge-based healthcare technology company.
Stat Health Management LLC Franciscan City Urgent Care Services PS Franciscan City Urgent Care Services PS, a unit of Warburg Pincus LLC, definitively agreed to acquire STAT Health Management LLC, an Islandia-based provider of ambulatory health care services.
MainSource Financial Group Inc-Branches(5) German American Bancorp Inc,Jasper,Indiana German American Bancorp Inc plans to acquire 5 branches of MainSource Financial Group Inc, a Greensburg-based commercial bank. In January 2018, MainSource announced that it was seeking a buyer for its 5 branches. The transaction is a condition to the completion of the First Financial Bancorp's merger with MainSource Financial Group Inc.
Groco Supply LLC-Certain Assets GrowGeneration Corp GrowGeneration Corp acquired certain assets of Groco Supply LLC, a Bellevue-based farm and garden machinery and equipment merchant wholesaler.
dcb Construction Company Inc Investor Group An investor group acquired dcb Construction Company Inc, a Denver-based commercial building constructor.
Black Lion Llc Jsc Georgia Capital Inc Jsc Georgia Capital Inc plans to acquire the entire share capital of Black Lion Llc, a brewery.
Glacier Services Inc Koniag Inc Koniag Inc acquired Glacier Services Inc, an Anchorage-based provider of support services for oil and gas operations.
Greencraft Interiors LARK Industries Inc LARK Industries Inc, a unit of Select Interior Concepts Inc, acquired Greencraft Interiors, a Phoenix-based provider of interior design services.
Flavorseal LLC M&Q Holdings LLC M&Q Holdings LLC, a unit of M&Q Acquisition LLC, acquired Flavorseal LLC, an Avon-based manufacturer of food packaging.
Mighty Fine Inc Mad Engine Inc Mad Engine Inc acquired Mighty Fine Inc, a manufacturer of apparels.
Inkling Systems Inc Marlin Equity Partners LLC Marlin Equity Partners LLC acquired Inkling Systems Inc, a San Francisco-based software publisher, via a leveraged buyout transaction.
Learner Financial Corp Mechanics Bank of Richmond,Richmond,California Mechanics Bank of Richmond, a unit of Ford Financial Fund II LP, definitively agreed to acquire Learner Financial Corp, a Walnut Creek-based commercial bank.
Professional Placement Resources LLC Medical Solutions LLC Medical Solutions LLC definitively agreed to acquire Professional Placement Resources LLC, a Jacksonville-based provider of human resources and executive search consulting services.
Global View Analytics Inc MindStream Analytics LLC MindStream Analytics LLC agreed to acquire Global View Analytics Inc, a Morgan Hill- based provider of management consulting services.
Global X Management Co LLC Mirae Asset Global Investments Co Ltd Mirae Asset Global Investments Co Ltd of South Korea definitively agreed to acquire the entire share capital of Global X Management Co LLC, a New York-based provider of investment solutions services.
HalfBaked.com MJ Munchies Inc MJ Munchies Inc, a unit of Nightfood Holdings Inc, acquired HalfBaked.com, an online retailer.
Umbel Corp Mvpindex Inc Mvpindex Inc acquired the entire share capital of Umbel Corp, an Austin-based provider of computer systems design services.
Moisture Mapper International Inc Next Gear Solutions Inc Next Gear Solutions Inc acquired Moisture Mapper International Inc, a Jacksonville-based software publisher.
Avtex Solutions Llc Norwest Equity Partners Norwest Equity Partners acquired Avtex Solutions LLC, a Minneapolis-based provider of computer facilities management services, from LaSalle Capital Group LP, via a leveraged buyout transaction.
C-Rod Inc One Horizon Group Inc One Horizon Group Inc of Singapore agreed to acquire C- Rod Inc, a Miami-based sound record studio.
Hightail Inc OpenText Corp OpenText Corp of Canada acquired Hightail Inc, a Campbell-based provider of information retrieval services.
Zenedge Inc Oracle Corp Oracle Corp agreed to acquire Zenedge Inc, an Aventura-based software publisher.
Grand Marsh State Bank OREGON COMMUNITY BANK Oregon Community Bank plans to merge with Grand Marsh State Bank, a Grand Marsh-based commercial bank.
Southwest Dermatology PC Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired Southwest Dermatology PC, an Orland Park-based medical firm.
SNJ Enterprises Inc PulseTech Products Corp PulseTech Products Corp acquired SNJ Enterprises Inc, a Bend-based manufacturer of solar panels and other solar equipment-related products.
Atlantic Irrigation SiteOne Landscape Supply Inc SiteOne Landscape Supply Inc acquired Atlantic Irrigation, a North White Plains-based manufacturer of farm machinery and equipment.
Viyet LLC Sotheby's Sotheby's acquired Viyet LLC, a New York-based online shopping marketplace for furnitures operator.
Apex Resource Technologies Inc Spectrum Plastics Group Inc Spectrum Plastics Group Inc, a unit of AEA Investors LP, acquired Apex Resource Technologies Inc, a Pittsfield-based manufacturer of medical instruments.
Provata Health Inc StayWell Co StayWell Co, a unit of MediMedia (USA) Inc, acquired Provata Health Inc, a Lake Oswego-based provider of support services.
Genex Services Inc Stone Point Capital LLC Via a leveraged buyout transaction, Stone Point Capital LLC definitively agreed to acquire Genex Services Inc, a Wayne-based provider of management consulting services, from Apax Partners LP, ultimately owned by Apax Partners LLP.
Craze Promotions LLC Surkus Inc Surkus Inc acquired Craze Promotions LLC, a Chicago-based provider of marketing consulting services.
Equipment Management & Technology Solutions TractManager Inc TractManager Inc, a unit of Arsenal Capital Partners LP, acquired Equipment Management & Technology Solutions, a Littleton-based provider of support services.
Hipower Executive Leadership Program Uniting Professional Women Advancing Relationships & Development Uniting Professional Women Advancing Relationships & Development acquired Hipower Executive Leadership Program, a women empowerment organization.
Pricewaterhousecoopers LLP-US Public Sector Business Veritas Capital Partners LP Via a leveraged buyout transaction, Veritas Capital Partners LP definitively agreed to acquire the US public sector business of PricewaterhouseCoopers LLP, a London-based accounting firm ultimately owned by PricewaterhouseCoopers LLP.
Fraedom LLC Visa Inc Visa Inc agreed to acquire Fraedom LLC, a San Francisco-based software reproducer, from Hogg Robinson USA Holdings Inc, ultimately owned by Hogg Robinson Group PLC. Concurrently, Visa agreed to acquire Fraedom Holdings Ltd for a combined value of GBP 141.8 million ($197.258 million) in cash.
Bms Reimbursement Management WebPT Inc WebPT Inc acquired Bms Reimbursement Management, an Upland-based provider of computer systems design services.
Nixon Restaurant Group Inc-Illegal Burger Restaurant(2) West Coast Ventures Group Corp West Coast Ventures Group Corp signed a letter of intent to acquire 2 new Illegal Burger restaurants from Nixon Restaurant Group Inc, an Arvada-based full-service restaurant operator, ultimately owned by West Coast Ventures Group Corp. Concurrently, West Coast signed a letter of intent to acquire RnR Restaurant, 2 El Senor Sol Restaurants and Komotodo Sushi Burrito Restaurant.
El Senor Sol Restaurants(2),Colorado West Coast Ventures Group Corp West Coast Ventures Group Corp signed a letter of intent to acquire 2 El Senor Sol Restaurants. Concurrently, West Coast signed a letter of intent to acquire 2 Illegal Burger restaurant from Nixon Restaurant Group Inc, RnR Restaurant and Komotodo Sushi Burrito Restaurant.
Komotodo Sushi Burrito Restaurant West Coast Ventures Group Corp West Coast Ventures Group Corp signed a letter of intent to acquire Komotodo Sushi Burrito Restaurant. Concurrently, West Coast signed a letter of intent to acquire 2 Illegal Burger restaurant of Nixon Restaurant Group Inc, RnR Restaurant and 2 El Senor Sol Restaurants.
Rnr Restaurant West Coast Ventures Group Corp West Coast Ventures Group Corp signed a letter of intent to acquire RnR Restaurant. Concurrently, West Coast signed a letter of intent to acquire 2 Illegal Burger restaurant from Nixon Restaurant Group Inc, 2 El Senor Sol Restaurants and Komotodo Sushi Burrito Restaurant.
Berwick Area Ambulance Inc West Shore Advanced Life Support Services Inc West Shore Advanced Life Support Services Inc, ultimately owned by Geisinger Health Systems, plans to merge with Berwick Area Ambulance Inc, a Berwick- based provider of ambulance services.
US M&A Deals Announced February 9 to February 15, 2018
Source: Thomson Reuters
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