KKR’s acquisition of waste management firm Esg, Blackstone’s purchase for a set of warehouses from Elion Partners and Asbury Automotive’s reviving its deal for Park Place Dealerships are among the notable transactions that closed in August.

Editor’s note: To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less; they must be completed (not just announced) within the timeframe designated. The coverage is global. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed buyers or sellers. Our data provider is Refinitiv, which updates its databases continuously. We use the data available at press time. The data for this article was gathered on Sept. 11, 2020.

Key Middle-Market M&A Deals Completed in August 2020
Date Target Name Acquiror Name Value ($mil)
08/18/20 Personal Capital Corp Empower Retirement LLC 1,000.0
08/13/20 TransContainer PJSC Delo-Tsentr OOO 982.3
08/24/20 Cersci Therapeutics Inc Acadia Pharmaceuticals 939.5
08/31/20 Esg Co Ltd Kohlberg Kravis Roberts & Co 741.2
08/24/20 Park Place-Certain Assets Asbury Automotive Group Inc 735.0
08/21/20 United Progress Grp Ltd Yield Smart Ltd 620.6
08/15/20 Franklin Financial Network Inc FB Financial Corp 619.7
08/03/20 Aphex BioCleanse Systems Inc Sunset Capital Assets Inc 586.8
08/26/20 Maxeon Solar Tech Pte Ltd Shareholders 584.8
08/20/20 agta record ag ASSA ABLOY AB 567.2
08/31/20 Guangxi Constr Engineering Greenland Holding Group Co Ltd 520.9
08/21/20 Benefytt Technologies Inc Daylight Beta Parent Corp 441.9
08/11/20 Guokai New Energy Tech Co Ltd Tianjin Quanyechang (Grp) Co 436.1
08/19/20 Fortum Oyj-District Heating Investor Group 421.4
08/24/20 Kelt Expl Ltd-Montney Acreage ConocoPhillips 404.8
08/24/20 Yanfeng Global Automotive Yanfeng Automotive Trim Sys Co 369.0
08/27/20 Instashop Ltd Delivery Hero SE 360.0
08/14/20 FPH-Building(2) PRP LLC 355.0
08/11/20 Ascent Vision Technologies LLC CACI International Inc 350.0
08/07/20 Industrie und Handel AG Tristan Capital Partners-Episo 337.3
08/27/20 NEPI Rockcastle PLC-Office Por AFI Europe NV 333.5
08/27/20 Reservoir Woods East,Waltham Alexandria RE Equities Inc 330.0
08/31/20 Boehringer-Assets Hypera SA 319.3
08/26/20 Aker Solutions Asa-Ccus Co Shareholders 318.9
08/21/20 Shanghai Inst Of Process Feilo Acoustics Co Ltd 307.8
08/05/20 Whitehat Educ Tech Pvt Ltd Think & Learn Pvt Ltd 300.0
08/31/20 Ziraat Sigorta AS Gunes Sigorta AS 277.8
08/01/20 SAKURA SOGO REIT Invest Corp Star Asia Investment Corp 275.9
08/24/20 American Outdoor Brands Inc Shareholders 271.1
08/12/20 Avanti Polar Lipids Inc Croda International PLC 260.0
08/12/20 Npoint Dvlp-Undisclosed Investor Group 246.7
08/03/20 PersonalizationMall.com Inc 800-Flowers Inc 245.0
08/17/20 Range Resources-Assets Castleton Resources LLC 245.0
08/25/20 Guyana Goldfields Inc Zijin Mining Group Co Ltd 238.9
08/17/20 AS Roma SpA Romulus & Remus Invests LLC 234.8
08/26/20 Aker Solutions Asa-Wind Dvlp Shareholders 232.8
08/07/20 DeA Capital RE-Arte 25 Complex Allianz Real Estate GmbH 225.3
08/06/20 Elec & Eltek International Co Elec & Eltek Intl Hldg Ltd 216.9
08/11/20 Cello Health PLC Phrma Value Dmnstrtn Bidco Ltd 213.0
08/13/20 Tianjin Tasly Medicine Distn Chongqing Pharm (Grp) Co Ltd 210.7
08/03/20 Hlk Hldg Co Ltd Hanil Cement Co Ltd 194.4
08/11/20 Openet Telecom Sales Ltd Amdocs Ltd 180.0
08/25/20 Exide Tech-Americans Bus Ops Atlas Holdings LLC 178.6
08/03/20 Georgia Biomass Holding LLC Enviva Partners LP 175.0
08/11/20 Zhejiang Huatu Microchip Tech Investor Group 169.5
08/05/20 Elephant & Castle Shopping Cen Get Living London Ltd 168.5
08/26/20 Golan Telecom Ltd Cellcom Israel Ltd 160.3
08/31/20 Stan Metall Co Ltd-Ste Pla Ass Kam Steel Integrated Co 157.6
08/03/20 Intel Corp-Home Gateway MaxLinear Inc 150.0
08/12/20 Wanjin Trading Co Ltd Zhejiang Jinke Culture Ind Co 144.3
08/31/20 Gurgaon-Palwal Transmission India Grid Trust 141.6
08/01/20 SMEJ Stream Media Corp 140.5
08/14/20 Biotoscana Investments SA Knight Therapeutics Inc 137.6
08/13/20 Multifamily Complex Portfolio Investor Group 135.0
08/04/20 Yunnan Dawei Ammonia Co Ltd Yunnan Yuntianhua Co Ltd 134.2
08/31/20 Kcc Corp- Bldg & Land KCC Engineering & Construction 133.9
08/31/20 Halk Sigorta AS Gunes Sigorta AS 133.7
08/21/20 Williams Grand Prix BCE Ltd 132.8
08/05/20 Calima Centro Comercial PH Plaza SA 128.3
08/31/20 YoungToys Inc Investor Group 127.1
08/25/20 Cbus Ppty Pty Ltd-50 Flinders Nikos Property Group Pty Ltd 125.1
08/07/20 Guizhou Pannan Coal Dvlp Co Guizhou Panjiang Refined Coal 120.6
08/12/20 Seven Aces Ltd Trive Capital LLC 117.0
08/27/20 Zunyi Lifeng Cement Co Ltd Guizhou Sw Cement Co Ltd 115.9
08/07/20 Zenith Energy Ltd Elemental Infrastructure BidCo 110.0
08/03/20 PelCo Corp Motorola Solutions Inc 110.0
08/06/20 Elec & Eltek International Co Elec & Eltek Intl Hldg Ltd 109.3
08/31/20 Global Gourmet Foods Inc Premium Brands Holdings Corp 106.1
08/01/20 ARRK Corp Mitsui Chemicals Inc 103.3
08/12/20 Chengdu Energy Dvlp Co Ltd Chengdu Expressway Co Ltd 102.0
08/25/20 Stockland Baulkham Hills Mintus Pty Ltd 101.0
08/24/20 Petrobras-Reconcavo Cluster 3R Petroleum e Participacoes 100.0
08/11/20 Banque Commerciale Du Congo Sa Procredit Bk Congo Sarl 95.0
08/19/20 Wenshang Haiwei Motorcycle Bosun Tools Co Ltd 94.1
08/06/20 Templar Energy LLC Presidio Petroleum LLC 91.0
08/11/20 Woolworths-Convenience Centres Home Consortium Ltd 88.2
08/01/20 Peterborough Distribution Inc Hydro One Ltd 85.6
08/31/20 AM-C Warehouses Inc Americold Realty Trust 85.0
08/10/20 Gedi Gruppo Editoriale SpA Giano Holding SpA 84.6
08/26/20 Jiangsu Kangbo Industrial Yonker Envi Protection Co Ltd 84.4
08/17/20 DRA Advisors LLC-Santa Clara EdgeConneX Inc 83.3
08/18/20 Vitalic Health Pvt Ltd Reliance Retail Ventures Ltd 83.0
08/21/20 Augusta Capital Ltd Centuria New Zealand Hldg Ltd 80.8
08/31/20 Tubex Industria Ball Embalagens Ltda 80.0
08/25/20 Acessa Health Inc Hologic Inc 80.0
08/31/20 JP PLHD 79.1
08/14/20 Limelight Health Inc FINEOS Corp Holdings PLC 75.0
08/14/20 Virgo Resources Ltd Bezant Resources PLC 72.4
08/03/20 HSI V Fundo-Syslog XP Log FIP 71.7
08/10/20 Zhejiang Dejing Electn Tech Beijing Meihao Invest Mgmt Co 70.6
08/04/20 Dreamline Corp La Lumiere Co Ltd 68.2
08/19/20 Cia Brasileira de Planos Crescera Investimentos Ltda 64.0
08/14/20 Hyatt House,Tempe,Arizona Apple Hospitality REIT Inc 64.0
08/31/20 Daelim C&S Co Ltd Vl Samil Co Ltd 60.1
08/19/20 Dc Offices Sdn Bhd-Menara Tower REIT 57.5
08/24/20 Dave Whelan Sports Ltd-Certain Frasers Group PLC 57.5
08/03/20 Wieland-Kessler-Cert Tangible Mueller Industries Inc 57.3
08/28/20 AJ Park Co Ltd Aj Networks Co Ltd 56.7
08/24/20 Mieci Spa Snam 4 Efficiency Srl 56.7
08/19/20 Fujian Norstel Material Tech Hunan Sanan Semiconductor Co 55.1
08/12/20 Teck Madencilik Sanayi Cengiz Holding AS 55.0
08/03/20 Quantuma Advisory Ltd K3 Capital Group PLC 54.5
08/03/20 Paragon Inc-Asts ESC Corporate Services Ltd 52.3
08/26/20 Shenzhen Qianhai Paide Investor Group 51.9
08/06/20 Nanjing Micro One Electns Inc Shanghai Belling Co Ltd 50.9
08/28/20 Anant Raj Agencies Pvt Ltd Anant Raj Ltd 50.1
08/21/20 Impact BioMedical Inc Document Security Systems Inc 50.0
08/03/20 Can Packaging SA Sonoco Products Co 49.1
08/26/20 Like Kids Inc Like Inc 48.5
08/05/20 Student Housing Residency Catella European Student Housi 47.2
08/10/20 Elion Partners-Properties(5) Blackstone Group Inc 45.9
08/14/20 Stockland Corp Ltd-Dairy Distr Charter Hall Group 45.4
08/04/20 Window Installation Specialist Exchange Income Corp 45.0
08/13/20 4A Games Ltd Saber Interactive Inc 44.6
08/05/20 Torstar Corp NordStar Capital LP 44.3
08/27/20 Tiantian Sci-Tech Co Ltd Investor Group 43.6
08/24/20 Texinnovate-Businesses & Assts Ecofibre Ltd 42.0
08/26/20 PrimaBaguz Sdn Bhd Johnsonville International LLC 42.0
08/01/20 L-3 Communications EOTech Inc American Holoptics LLC 42.0
08/19/20 Unifrutti Investments Ltd Gc Orange SARL 41.7
08/21/20 Fourth St Bkg Co Seacoast Banking Corp 41.7
08/18/20 Huizhou Desay Battery Co Ltd Shenzhen Desay Battery Tech Co 39.5
08/07/20 Khorgos Contemporary Liujiu Dongyang Mengjiangwei Film&Tv 38.7
08/21/20 Chengdu Haoyiqiang Aviation Chengdu Haoneng Tech Co Ltd 38.5
08/05/20 Cellero LLC Charles River Labs Intl Inc 38.0
08/11/20 Pennsylvania Med Solutions Jushi Inc 37.1
08/31/20 P3 Logistic Parks-Warehouse Elite Logistics Fund 35.7
08/06/20 Courtney Manor Apartments,FL SREIT Courtney Manor LLC 35.5
08/07/20 Tamaka Gold Corp Treasury Metals Inc 35.4
08/22/20 Dalian Sunlight Tech Co Ltd Investor Group 35.4
08/31/20 Partsmaster Inc Lawson Products Inc 35.3
08/11/20 Winview Inc Engine Media Holdings Inc 35.0
08/26/20 Xiamen Yinxiang Meat Ind Co Fujian Aonong Biological Tech 34.7
08/05/20 Tyres4U Pty Ltd National Tyre & Wheel Ltd 34.0
08/07/20 Bennetts Motorcycling Svcs Atlanta Invest Hldg C Ltd 33.9
08/06/20 Creval SpA-NPL Portfolio Investor Group 33.2
08/19/20 Liberatis Ltd DIF Core Infrstrcture Fund II 33.1
08/13/20 Mcwhinney-Centerra Bldg IV Mark IV Capital Inc 32.6
08/13/20 Jiangsu Jinchuang Elecal Co KTK Group Co Ltd 31.9
08/13/20 Oates Crossing,Mooresville,NC RealOp Investments LLC 31.8
08/18/20 Renaissance Gold Inc Evrim Resources Corp 31.6
08/19/20 Tamak Hldg Pty Ltd De Angelis Hotel Group 31.1
08/07/20 Columbus Energy Resources PLC Bahamas Petroleum Co PLC 31.0
08/03/20 Shenzhen Jiazete Invest Co Shenzhen Zhongzhuang Constr 30.9
08/31/20 Foshan Baojintai Entrp Mgmt-As Foshan Golden Milky Way 30.5
08/17/20 SJL Broadcast Grp-KITV Allen Media Broadcasting LLC 30.0
08/03/20 Cerner Corp-RevWorks Svcs Bus R1 RCM Inc 30.0
08/08/20 Shenzhen Wongtee Bus Svc Co Shenzhen Wongtee Ppty Dvlp Co 29.7
08/06/20 Hospital Sao Carlos Ltda Hospital Esperanca SA 29.7
08/05/20 Imodev SARL-Student Housing Catella European Student Housi 29.5
08/31/20 Omnia Media Inc Enthusiast Gaming Holdings Inc 29.3
08/11/20 A & G Lamattina & Sons Pty Lt- Primewest Agricultural Trust 28.8
08/13/20 Luoyang Kebos New Materials Longhua Tech Grp (Luoyang) Co 28.2
08/07/20 Rizhao Panyue Huanbao Keji Co Full Giant Resources Ltd 27.2
08/10/20 Ware & Brothers-Apartments The Walden Group 26.9
08/27/20 Summerchase at Riverchase,AL Carter Multifamily 26.7
08/05/20 Frigorifico Vijagual-slaughter Red Carnica SAS 26.0
08/24/20 Eternal Global Invests Ltd United Strength Power Holdings 25.8
08/03/20 Top Rich Inc Upland Grp Ltd 24.9
08/20/20 Merlin Park,Portsmouth Orchard Street Investment 24.9
08/03/20 Hurley Partners Ltd Mattioli Woods PLC 24.6
08/06/20 Carramar Village Shopping Ctr Red Wealth Pty Ltd 24.1
08/06/20 Celularity Inc-UltraMIST Asset SANUWAVE Health Inc 24.0
08/21/20 Dae Sung Celtic Co Ltd Daesung Industrial Co Ltd 23.9
08/18/20 Huizhou Blueway Electronics Co Shenzhen Desay Battery Tech Co 23.8
08/11/20 Vineland Constr Co-Industrial High St Logistics Ppty 23.2
08/03/20 Hunters Way Maryland Management Co 22.8
08/10/20 Fin Util SA de CV SOFOM ENR Gentera SAB de CV 22.7
08/15/20 IVIA Servicos de Informatica L Wipro Ltd 22.4
08/24/20 Pure Acquisition Corp Highpeak Energy Inc 22.2
08/07/20 Illimity SpA-NPL Portfolio Ifis Npl SpA 22.1
08/31/20 Wealth Central Pty Ltd IOOF Holdings Ltd 22.1
08/13/20 Richmond Manor Care Home,Ampth Aedifica NV 21.6
08/19/20 Kelowna & Vernon Hospitals,BC BBGI Sicav SA 19.9
08/11/20 Askott Entertainment Inc Fansunite Ent Inc 19.7
08/13/20 U Oph Ppty Port,NC4) Block Real Estate Services LLC 19.5
08/03/20 Botoclinic Franchising Gestao XP Private Eq I FIP 19.1
08/10/20 Cultural Experiences Abroad Infinedi Partners LP 19.0
Alt Resources Ltd Aurenne Group Holdings Pty Ltd 19.0
08/01/20 Dongguan Shangyu Industrial WG Tech (Jiangxi) Co Ltd 19.0
08/10/20 Santander Trustees Ltd-Morriso Suprmrkt Incme REIT PLC 18.7
08/06/20 Right2drive Pty Ltd Growth Factor Pty Ltd 18.5
08/19/20 Stratura Asfaltos SA Bitumina do Brasil 18.3
08/14/20 Nathusius Vrmoegnsverwaltungs- Cromwell European REIT 18.3
08/12/20 I Blu Srl Iren Ambiente SpA 17.6
08/01/20 Shenzhen Huihe Network Tech WG Tech (Jiangxi) Co Ltd 17.5
08/06/20 Hanjiao Intl Hldg Ltd As Capital Inc 17.2
08/13/20 The Sterling CAPREIT 16.9
08/05/20 Signature Ppty-Liberty West Signature Properties LLC 16.3
08/24/20 Housing & Healthcare Facilitie Civitas Social Housing PLC 16.2
08/12/20 Shiroishi HC1-Go Godo Straits Himawari TMK Two TMK 15.9
08/03/20 Tarranganda Pty Ltd-Industrial Primew Grp Ltd 15.7
08/25/20 Proteus Digital Health Inc Otsuka Pharm Co Ltd 15.0
08/20/20 Acacia Exploration (Kenya) Ltd Shanta Gold Ltd 14.8
08/21/20 Shanxi Jineng Qinglong Coal Jizhong Energy Resources Co 14.7
08/13/20 AXF Gold Ridge Pty Ltd Wanguo Intl Mining Grp Ltd 14.6
08/09/20 Virgin Mobile Polska Sp z o o P4 Sp z o o 14.5
08/10/20 Artist Cosmetics Co Ltd Investor Group 14.4
08/07/20 Otk Cnt Co Ltd Prostemics Co Ltd 14.3
08/08/20 Changshu Xingyu Advanced Tibet Xinzhi Entrp Mgmt 14.3
08/21/20 Australian Fitness Mgmt Pty Viva Leisure Ltd 14.3
08/19/20 Adgero BioPharms Hldg Inc Kintara Therapeutics Inc 14.2
08/05/20 Auxora (Shenzhen) Inc Suzhou TFC Optical Commun 14.0
08/03/20 Tetsujin Inc First Pacific Capital Ltd 14.0
08/01/20 i-station Inc INEST Inc 13.9
08/22/20 Shaanxi Dadong Tech Shaanxi Fenghuo Electn Co Ltd 13.4
08/18/20 Beijing Boru Culture Dvlp Co Beijing Ji’an Finl Info Tech 13.2
08/26/20 Global Gaming 555 AB Enlabs AB 12.4
08/14/20 Anchanto Pte Ltd Investor Group 12.1
08/03/20 Enerox Gmbh Bushveld Energy Ltd 12.0
08/24/20 Nrthn Star Resources Ltd-Mt Kalamazoo Resources Ltd 12.0
08/15/20 Beijing Xuheng Property Co Ltd Beijing Yisou Materials Co Ltd 11.2
08/10/20 Jags Rlty Assc-Shopping Center G Rack Fields LLC 10.9
08/17/20 Akorn India Pvt Ltd Biological E Ltd 10.0
08/13/20 m2 Pictures LLC Eagle Pictures SpA 10.0
08/26/20 Kansardas Investment-Building Salher LLC 10.0