TargetAcquirerValue ($millions)Synopsis
CSRA IncGeneral Dynamics Corp9,508.0General 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 IncWMIH Corp1,759.1WMIH 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 CorpKemper Corp1,322.2Kemper 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 AssetsFieldwood Energy LLC810.0Fieldwood 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 IncCharles River Laboratories International Inc800.0Charles 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 DallasEquinix Inc800.0Equinix 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 IncPacific Premier Bancorp Inc616.1Pacific 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 IncE2open Inc338.9E2open 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 CoGranite Construction Inc325.0Granite 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 IncHarbin Pharmaceutical Group Holding Co Ltd300.0Harbin 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 IncLivaNova PLC250.0LivaNova 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 LLCCars.com Inc205.0Cars.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 IncCarbonite Inc145.8Carbonite 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 IncAstellas Pharma Inc102.5Astellas 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 OaksHilltop Holdings Inc85.0Hilltop Holdings Inc definitively agreed to acquire Bank of River Oaks, a Houston-based commercial bank, for $85 mil.
SwiftWater Energy Services LLCTETRA Technologies Inc81.9TETRA 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 TerminalsAndeavor Corp75.0Andeavor 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 IncCott Corp20.7Cott 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 IncDmg Blockchain Solutions Inc14.8Dmg 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 IncUpstate Shredding LLC10.2Upstate 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 SolutionsStarrex International Ltd1.5Starrex International Ltd of Canada acquired MFI Credit Solutions, a Huntington Beach-based provider of credit reporting services, for $1.5 million.
Kerafast IncAbsolute Antibody LtdAbsolute Antibody Ltd of the UK merged with Kerafast Inc, a Boston-based drugs merchant wholesaler.
FastSpringAccel-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 IncAcuity Brands IncAcuity Brands Inc acquired Lucid Design Group Inc, an Oakland-based provider of building management software.
Pacific Data Partners LLCAcxiom Corp Acxiom Corp acquired Pacific Data Partners LLC, a Seattle-based provider of data processing and hosting services.
A Contact Electric Rentals LPAggreko 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 LLCAlera Group IncAlera Group Inc acquired Wilson Albers & Co LLC, an Anchorage-based insurance agency.
Aurora Systems IncAllegion PLCAllegion PLC of Republic of Ireland agreed to acquire Aurora Systems Inc, a San Jose-based manufacturer of wireless communications equipment.
MEN IncAmador 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 LlcArchitectural Surfaces GroupArchitectural Surfaces Group acquired Bedrock International Llc, a Lenexa-based wholesaler of brick, stone and related construction materials
K'NEX Limited Partnership GroupBasic Fun IncBasic Fun Inc, a unit of The Bridge Direct Inc, acquired K'NEX Limited Partnership Group, a Hatfield-based manufacturer of toys.
Petrosmith LlcBlue Wolf Capital Fund IV LPBlue 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 IncBold Orange CompanyBold Orange Company acquired Great Lakes Scrip Center Inc, a Grand Rapids- based social advocacy organization.
Safety Technologies Holdings IncBridgepoint Development Capital LtdBridgepoint 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 IncCars.com IncCars.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 ProductsCerecor IncCerecor Inc definitively agreed to acquire the marketed pediatric products of Avadel Pharmaceuticals PLC, a Dublin-based specialty pharmaceutical company.
Powell Ebert & Smolik PCCherry Bekaert & Holland LLPCherry Bekaert & Holland LLP acquired Powell Ebert & Smolik PC, an Austin-based accounting firm.
Cedexis IncCitrix Systems IncCitrix Systems Inc acquired Cedexis Inc, a Portland-based provider of custom computer programming services.
American Greetings CorpClayton Dubilier & Rice LLCClayton 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 IncCloud Jumper CorpCloud Jumper Corp acquired IndependenceIT Inc, an Allentown-based software publisher.
Day & Read IncConfie Seguros IncConfie Seguros Inc, a unit of ABRY Partners LLC, acquired Day & Read Inc, an Ilion-based insurance agency.
Blue Ridge Insurance Agency IncConfie 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 IncCreditorsRemington 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 CoDearing Compressor&Pump CoDearing Compressor&Pump Co acquired Kruman Equipment Co., a Pittsburgh-based industrial machinery and equipment wholesaler.
CharacterDentsu Aegis Network LtdDentsu Aegis Network Ltd of the UK, a unit of Dentsu Inc, acquired Character, a San Francisco-based provider of marketing consulting services.
Agentjet IncElm Street Technology LLCElm Street Technology LLC acquired Agentjet Inc, an Ann Arbor-based software publisher.
Millie Capital Management LlcEP Wealth Advisors IncEP Wealth Advisors Inc merged with Millie Capital Management LLC, a Walnut Creek-based portfolio manager.
Michael & Alexander PLLCFisher & Phillips LLP Fisher & Phillips LLP acquired Michael & Alexander PLLC, a Seattle-based law firm.
Twine Health IncFitbit IncFitbit Inc plans to acquire Twine Health Inc, a Cambridge-based healthcare technology company.
Stat Health Management LLCFranciscan City Urgent Care Services PSFranciscan 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,IndianaGerman 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 AssetsGrowGeneration CorpGrowGeneration Corp acquired certain assets of Groco Supply LLC, a Bellevue-based farm and garden machinery and equipment merchant wholesaler.
dcb Construction Company IncInvestor Group An investor group acquired dcb Construction Company Inc, a Denver-based commercial building constructor.
Black Lion LlcJsc Georgia Capital Inc Jsc Georgia Capital Inc plans to acquire the entire share capital of Black Lion Llc, a brewery.
Glacier Services IncKoniag IncKoniag Inc acquired Glacier Services Inc, an Anchorage-based provider of support services for oil and gas operations.
Greencraft InteriorsLARK Industries IncLARK Industries Inc, a unit of Select Interior Concepts Inc, acquired Greencraft Interiors, a Phoenix-based provider of interior design services.
Flavorseal LLCM&Q Holdings LLCM&Q Holdings LLC, a unit of M&Q Acquisition LLC, acquired Flavorseal LLC, an Avon-based manufacturer of food packaging.
Mighty Fine IncMad Engine IncMad Engine Inc acquired Mighty Fine Inc, a manufacturer of apparels.
Inkling Systems IncMarlin Equity Partners LLC Marlin Equity Partners LLC acquired Inkling Systems Inc, a San Francisco-based software publisher, via a leveraged buyout transaction.
Learner Financial CorpMechanics Bank of Richmond,Richmond,CaliforniaMechanics 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 LLCMedical Solutions LLCMedical 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 IncMindStream Analytics LLCMindStream Analytics LLC agreed to acquire Global View Analytics Inc, a Morgan Hill- based provider of management consulting services.
Global X Management Co LLCMirae Asset Global Investments Co LtdMirae 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.comMJ Munchies IncMJ Munchies Inc, a unit of Nightfood Holdings Inc, acquired HalfBaked.com, an online retailer.
Umbel CorpMvpindex IncMvpindex Inc acquired the entire share capital of Umbel Corp, an Austin-based provider of computer systems design services.
Moisture Mapper International IncNext Gear Solutions IncNext Gear Solutions Inc acquired Moisture Mapper International Inc, a Jacksonville-based software publisher.
Avtex Solutions LlcNorwest Equity PartnersNorwest 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 IncOne Horizon Group IncOne Horizon Group Inc of Singapore agreed to acquire C- Rod Inc, a Miami-based sound record studio.
Hightail IncOpenText CorpOpenText Corp of Canada acquired Hightail Inc, a Campbell-based provider of information retrieval services.
Zenedge IncOracle CorpOracle Corp agreed to acquire Zenedge Inc, an Aventura-based software publisher.
Grand Marsh State BankOREGON COMMUNITY BANKOregon Community Bank plans to merge with Grand Marsh State Bank, a Grand Marsh-based commercial bank.
Southwest Dermatology PCPinnacle Dermatology LLCPinnacle Dermatology LLC acquired Southwest Dermatology PC, an Orland Park-based medical firm.
SNJ Enterprises IncPulseTech Products CorpPulseTech Products Corp acquired SNJ Enterprises Inc, a Bend-based manufacturer of solar panels and other solar equipment-related products.
Atlantic IrrigationSiteOne Landscape Supply IncSiteOne Landscape Supply Inc acquired Atlantic Irrigation, a North White Plains-based manufacturer of farm machinery and equipment.
Viyet LLCSotheby'sSotheby's acquired Viyet LLC, a New York-based online shopping marketplace for furnitures operator.
Apex Resource Technologies IncSpectrum Plastics Group IncSpectrum Plastics Group Inc, a unit of AEA Investors LP, acquired Apex Resource Technologies Inc, a Pittsfield-based manufacturer of medical instruments.
Provata Health IncStayWell CoStayWell Co, a unit of MediMedia (USA) Inc, acquired Provata Health Inc, a Lake Oswego-based provider of support services.
Genex Services IncStone Point Capital LLCVia 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 LLCSurkus IncSurkus Inc acquired Craze Promotions LLC, a Chicago-based provider of marketing consulting services.
Equipment Management & Technology SolutionsTractManager IncTractManager Inc, a unit of Arsenal Capital Partners LP, acquired Equipment Management & Technology Solutions, a Littleton-based provider of support services.
Hipower Executive Leadership ProgramUniting Professional Women Advancing Relationships & DevelopmentUniting Professional Women Advancing Relationships & Development acquired Hipower Executive Leadership Program, a women empowerment organization.
Pricewaterhousecoopers LLP-US Public Sector BusinessVeritas Capital Partners LPVia 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 LLCVisa IncVisa 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 ManagementWebPT IncWebPT 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 CorpWest 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),ColoradoWest Coast Ventures Group CorpWest 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 RestaurantWest Coast Ventures Group CorpWest 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 RestaurantWest Coast Ventures Group CorpWest 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 IncWest Shore Advanced Life Support Services IncWest 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