March featured deals closed by CACI International Inc. (NYSE: CACI), Centerbridge Partners, Stryker Corp. (NYSE: SYK) and Viacom Inc. (Nasdaq: VIA).
CACI paid $750 million for LGS Innovations, a provider of real-time spectrum management, for $750 million. Centerbridge bought health and human services company Civitas for $1.4 billion. Stryker acquired medical device company OrthoSpace for $220 million. Viacom bought video streaming service Pluto Inc. for $340 million. Related: February M&A buyers: Canaccord Genuity, Cisco, Platinum Equity.
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 $1 billion or less; they must be completed (not just announced) within the timeframe designated; the coverage is global. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed buyers or sellers. Our data provider is Thomson Reuters, which updates its databases continuously. We use the data available at press time. The data for this article was gathered on April 3, 2019.
| Key Middle-Market M&A Deals Completed in March 2019 | |||
| Acquirer | Target | Target Industry | Value ($mil) |
| Haymaker Acquisition Corp | OneSpaWorld (Bahamas) Ltd | Personal Services | 948.0 |
| Times Hldg II Ltd | Hong Kong Intl Constr Invest | Construction Firms | 894.6 |
| Ara Korea Global Private Real | Seoul Sq | Real Estate; Mortgage Bankers and Brokers | 869.3 |
| Konnectivity Pte Ltd | M1 Ltd | Telecommunications | 856.3 |
| Cimarex Energy Co | Resolute Energy Corp | Oil and Gas; Petroleum Refining | 832.0 |
| CACI International Inc | LGS Innovations LLC | Business Services | 750.0 |
| Williams Partners LP | Utica East Ohio Midstream LLC | Oil and Gas; Petroleum Refining | 740.0 |
| Pontegadea Inmobiliaria SL | USAA RE Co-Troy Block Office | Real Estate; Mortgage Bankers and Brokers | 740.0 |
| Stanley Black & Decker Inc | Intl Equip Solutions LLC- | Wholesale Trade-Durable Goods | 690.0 |
| Wolfcrest Ltd | Pioneer Corp | Electronic and Electrical Equipment | 683.5 |
| Cae Inc | Bombardier Inc-Bus Aircraft | Educational Services | 645.0 |
| Centerbridge Partners LP | Civitas Solutions Inc | Health Services | 643.1 |
| One Rock Capital Partners LLC | Nexeo Sol-Plastics Business | Wholesale Trade-Nondurable Goods | 640.0 |
| ECREIT | CAPREIT-Dutch Resid Portf(41) | Real Estate; Mortgage Bankers and Brokers | 633.6 |
| Fortress Investment Group LLC | Casino Guichard-Hypermarkets | Retail Trade-Food Stores | 615.8 |
| Dana Inc | OC Oerlikon Corp-Drive Sys Bsn | Machinery | 603.4 |
| Nippon Steel & Sumitomo Metal | Sanyo Special Steel Co Ltd | Metal and Metal Products | 601.9 |
| The Carlyle Group LP | Emera-Gas Fired Gen Faci,NE(3) | Electric, Gas, and Water Distribution | 590.0 |
| Finaccess Capital SA de CV | Restaurant Brands New Zealand | Retail Trade-Eating and Drinking Places | 573.8 |
| Guangzhou Guangshang Capital | Guangzhou Friendship Grp Co | Retail Trade-General Merchandise and Apparel | 573.5 |
| Inmar Inc | YOU Technology Brand Svcs Inc | Business Services | 565.0 |
| Palo Alto Networks Inc | Demisto Inc | Business Services | 560.0 |
| DNO ASA | Faroe Petroleum PLC | Oil and Gas; Petroleum Refining | 544.6 |
| Primary Health Properties PLC | Medicx Fund Ltd | Investment & Commodity Firms,Dealers,Exchanges | 513.4 |
| Utmost Ltd | Geni Worldwide Ins Co Ltd | Insurance | 487.6 |
| Compagnie Generale des | PT Multistrada Arah Sarana Tbk | Rubber and Miscellaneous Plastic Products | 480.0 |
| Silverstein/Arden 1735 Mkt | Eq Commonwealth-1735 Market St | Real Estate; Mortgage Bankers and Brokers | 451.6 |
| Bingo Industries Ltd | Dial A Dump Industries Pty Ltd | Sanitary Services | 442.9 |
| WEX Inc | Discovery Benefits Inc | Insurance | 425.0 |
| Baiyin Nonferrous Group Co Ltd | China - Africa Gold Invest | Mining | 417.0 |
| Churchill Downs Inc | Midwest Gaming Holdings LLC | Hotels and Casinos | 407.0 |
| Platinum Eagle Acq Corp | Target Logistics Mgmt LLC | Construction Firms | 405.0 |
| FLIR Systems Inc | Endeavor Robotics Inc | Machinery | 385.0 |
| Corporacion Paraguaya | Petrobras Paraguay | Wholesale Trade-Nondurable Goods | 383.5 |
| Sankei Real Estate Inc | The Sankei Bldg Co Ltd-Ppty | Real Estate; Mortgage Bankers and Brokers | 356.3 |
| David Ellison | Lantana Ctr & Lantana W,CA | Real Estate; Mortgage Bankers and Brokers | 350.0 |
| Viacom Inc | Pluto Inc | Business Services | 340.0 |
| Nutrien Ltd | Actagro LLC | Chemicals and Allied Products | 340.0 |
| Acrotech Biopharma Llc | Spectrum Pharms-Hematology | Drugs | 300.0 |
| Alcon Laboratories Inc | Powervision Inc | Measuring, Medical, Photo Equipment; Clocks | 285.0 |
| Shanxi Cnc Huajin Coal Energy | SDIC Jincheng Energy Invest | Investment & Commodity Firms,Dealers,Exchanges | 270.4 |
| Kurita America Holdings Inc | Global Water Svcs Hldg Co Inc | Electric, Gas, and Water Distribution | 270.0 |
| Union Acq Corp | Bioceres Semillas SA | Drugs | 264.4 |
| Saturday Co Ltd | Hangzhou Yowant Network Co Ltd | Business Services | 262.2 |
| Enel Green Power N America | Enel Green Power N America-Ren | Electric, Gas, and Water Distribution | 256.0 |
| Kirby Corp | Cenac Marine Services LLC | Transportation and Shipping (except air) | 244.0 |
| Mercer Global Advisors Inc | Confluence Finl Advisors LLC | Investment & Commodity Firms,Dealers,Exchanges | 240.0 |
| TruGreen Holdings Inc | Outdoor Home Svcs Hldg LLC | Agriculture, Forestry, and Fishing | 234.2 |
| Cia De Inversiones Bice | Cia De Seguros-Annuities Bus | Insurance | 232.0 |
| Kai Yu (BVI) Investment Co Ltd | Woongjin Foods Co Ltd | Food and Kindred Products | 229.1 |
| Yunnan Energy Invest Co Ltd | Malong Cloud Energy Invest | Electric, Gas, and Water Distribution | 224.8 |
| Tangshan Jidong Cement Co Ltd | BBMG Corp-Asts | Stone, Clay, Glass, and Concrete Products | 224.3 |
| Stryker Corp | OrthoSpace Ltd | Measuring, Medical, Photo Equipment; Clocks | 220.0 |
| Investor Group | ENERES Co Ltd | Business Services | 217.1 |
| China Camc Engineering Co Ltd | China IPPR Intl Engineering | Business Services | 216.8 |
| Enterprise Finl Svcs Corp | Trinity Capital Corp | Commercial Banks, Bank Holding Companies | 207.7 |
| Frontier Real Estate | Mitsui Fudosan Co Ltd-Ppty | Real Estate; Mortgage Bankers and Brokers | 201.8 |
| AG2R La Mondiale SGAM | Ile De France-Headquarters | Real Estate; Mortgage Bankers and Brokers | 201.0 |
| Soc Financement Industrie | Parmalat SpA | Food and Kindred Products | 197.8 |
| Luyin Investment Group Co Ltd | Shandong Province-Salt Assets | Chemicals and Allied Products | 193.7 |
| Westbrook Partners LLC | IO Invest 2-Industrial Assets | Real Estate; Mortgage Bankers and Brokers | 183.5 |
| Investor Group | Hitachi Vehicle Energy Ltd | Electronic and Electrical Equipment | 182.9 |
| Cerberus Capital Management LP | Sparton Corp | Electronic and Electrical Equipment | 181.9 |
| SC Capital Partners Pte Ltd | Rivervale Mall | Real Estate; Mortgage Bankers and Brokers | 169.7 |
| Aprirose Ltd | British Land-Pub Portfolio | Real Estate; Mortgage Bankers and Brokers | 169.4 |
| Vivo Energy Investments Bv | Engen Intl Hldg (Mauritius) | Oil and Gas; Petroleum Refining | 169.4 |
| Investor Group | Suzhou Huaqi Intelligent Tech | Prepackaged Software | 158.8 |
| Moberg Pharma Otc Bus Spv | Moberg Pharma N America Llc | Drugs | 155.0 |
| Tabula Rasa Healthcare Inc | Prescribewellness LLC | Health Services | 150.0 |
| Investor Group | Dredging Corp of India Ltd | Construction Firms | 147.8 |
| Deerfield Management Co LP | Aralez Pharms Trading-Toprol | Drugs | 140.0 |
| Delaware North Cos Inc | SKYCITY Darwin Pty Ltd | Hotels and Casinos | 136.8 |
| Zhejiang Hailiang Co Ltd | Kme Ag-Brass Rods Bus | Metal and Metal Products | 135.8 |
| Shorenstein Realty Services LP | Ubs Tower | Real Estate; Mortgage Bankers and Brokers | 135.0 |
| Premier Benchmark Property Ltd | Tlg Immobilien-Ret Portfolio | Retail Trade-General Merchandise and Apparel | 133.9 |
| United Eastern Medical | Al-Muhaidib Dental Grp | Health Services | 133.3 |
| PNC Process Systems Co Ltd | Shanghai Bandweaver Tech Co | Electronic and Electrical Equipment | 130.5 |
| Shenzhen Ideal Jewellery Co | Millennium Jewelry Co Ltd | Miscellaneous Manufacturing | 128.4 |
| Keeco LLC | Springs Global US Inc | Textile and Apparel Products | 126.0 |
| Stripes Bidco Ltd | Tax Systems plc | Transportation Equipment | 125.8 |
| GN Store Nord A/S | Altia Systems Inc | Electronic and Electrical Equipment | 125.0 |
| Summit Healthcare REIT Inc | Skilled Nursing & Assisted | Health Services | 125.0 |
| Volkswagen AG | WirelessCar AB | Business Services | 121.3 |
| Future PLC | Mobile Nations LLC | Printing, Publishing, and Allied Services | 120.6 |
| Aleafia Health Inc | Emblem Corp | Drugs | 117.0 |
| DKSH Holdings (Malaysia) Bhd | Auric Pacific (M) Sdn Bhd | Food and Kindred Products | 114.2 |
| Silver Lake Resources Ltd | Doray Minerals Ltd | Mining | 113.8 |
| Ag Growth International Inc | Milltec Machinery Ltd | Machinery | 110.3 |
| Fuzhou Tahoe Re Dvlp Co Ltd | Nanchang Yinmenghu Ppty Co | Real Estate; Mortgage Bankers and Brokers | 107.3 |
| PT Kimia Farma (Persero) Tbk | PT Phapros Tbk | Drugs | 106.5 |
| ISOC Holdings Inc | Torus Sp z o o SK-Argon | Real Estate; Mortgage Bankers and Brokers | 104.3 |
| Scotiabank Peru SAA | Banco Cencosud SA | Commercial Banks, Bank Holding Companies | 100.4 |
| Itochu Corp | Nippon Access Inc | Wholesale Trade-Nondurable Goods | 99.7 |
| Shenzhen Ideal Jewellery Co | Chengdu Shumao Diamond Co Ltd | Miscellaneous Retail Trade | 99.5 |
| Great Panther Silver Ltd | Beadell Resources Ltd | Mining | 97.9 |
| Chenavari Credit Partners LLP | Creditis Servizi Finanziari | Credit Institutions | 94.5 |
| Hangzhou Dechuang Corporate | Hangzhou Zhongnan Kaiyuan Re | Real Estate; Mortgage Bankers and Brokers | 89.7 |
| Puyang Refractories Group Co | Tibet Changdu Xiangchen | Stone, Clay, Glass, and Concrete Products | 89.4 |
| Toyou Feiji Electronics Co Ltd | Hongqin (Beijing) Tech Co Ltd | Computer and Office Equipment | 88.6 |
| Madison Holdings Group Ltd | Hackett Entrps Ltd | Credit Institutions | 87.4 |
| First Bancshares Inc,MS | FPB Financial Corp | Commercial Banks, Bank Holding Companies | 86.1 |
| Northwest Bancshares Inc | Donegal Finl Svcs Corp | Insurance | 86.1 |
| IPL Plastics Inc | Loomans Plastics NV | Rubber and Miscellaneous Plastic Products | 85.5 |
| KLX Energy Services Hldgs Inc | Red Bone Services LLC | Oil and Gas; Petroleum Refining | 82.6 |
| Compagnie des Alpes SA | M. Mueller GmbH | Amusement and Recreation Services | 82.3 |
| Credit Foncier de France SA | Locindus SA | Credit Institutions | 81.0 |
| BW Group Ltd | Epic Gas Ltd | Transportation and Shipping (except air) | 80.8 |
| Pluspetrol Resources Corp NV | LSC Lithium Corp | Mining | 80.8 |
| Tosalco Pte Ltd | Beijing Chang Sheng Bus | Real Estate; Mortgage Bankers and Brokers | 80.7 |
| Cromwell European REIT | Office Properties(3) | Real Estate; Mortgage Bankers and Brokers | 78.2 |
| Ningxia Hengtai Invest Co Ltd | Inner Mongolia-Bayin Coal Mine | Mining | 77.3 |
| Nojima Asia Pac Pte Ltd | COURTS Asia Ltd | Retail Trade-Home Furnishings | 75.9 |
| Sojitz Corp | BHP BMA-Gregory Crinum Mine | Mining | 75.0 |
| Breit Mf E Belleview Ave Llc | Praedium-Helios apartment | Real Estate; Mortgage Bankers and Brokers | 74.3 |
| Far E Orchard Hldg (Jersey) | Victus (Guernsey) 2 Dvlps Ltd | Hotels and Casinos | 72.8 |
| Hiap Hoe Ltd | BAAC Pty Ltd-Property | Hotels and Casinos | 72.1 |
| Cubic Corp | Nuvotronics Inc | Aerospace and Aircraft | 72.0 |
| Yangzhou Slender W Lake | Yangzhou Sanwan Invest Dvlp | Construction Firms | 68.1 |
| Malion New Materials Co Ltd | Ynnovate Sanzheng (Yingkou) | Chemicals and Allied Products | 67.9 |
| WHA2 LLC | Ibis Styles Osaka Namba | Hotels and Casinos | 67.6 |
| Fuyao Europe Glass Ind Co Ltd | SAM Automotive Prdt GmbH-Asts | Stone, Clay, Glass, and Concrete Products | 67.1 |
| Lecron Internet Media Ind Co | Shandong Huaan New Material | Chemicals and Allied Products | 67.0 |
| Oakmont Ppty | Confluence Cos Inc-N Main | Real Estate; Mortgage Bankers and Brokers | 67.0 |
| Al Haj Energy Ltd | Premier Oil Pakistan Offshore | Oil and Gas; Petroleum Refining | 65.6 |
| Tong Oil Tools Co Ltd | Shenzhen Hechuangyuan Oil | Investment & Commodity Firms,Dealers,Exchanges | 65.6 |
| InvenTrust Properties Corp | Lakeside Winter Park,Florida | Real Estate; Mortgage Bankers and Brokers | 63.5 |
| WAM Leaders Ltd | Century Australia Invest Ltd | Investment & Commodity Firms,Dealers,Exchanges | 63.1 |
| Zhu Yachen | Guangzhou Ju Yuan Invest | Electric, Gas, and Water Distribution | 61.5 |
| Exeo Global Pte Ltd | DeClout Ltd | Business Services | 60.5 |
| Elanor Investors Group | Neeta City Shopping Centre | Real Estate; Mortgage Bankers and Brokers | 60.1 |
| Investor Group | Zhejiang Jinke Chemical Co | Chemicals and Allied Products | 60.0 |
| Lotte Corp | Canon Korea Bus Solutions Inc | Computer and Office Equipment | 58.0 |
| Comforia Residential Reit Inc | Godo Kaisha Residence 5 | Real Estate; Mortgage Bankers and Brokers | 57.6 |
| Exeter Property Group LLC | Londonmetric-Logisitics | Transportation and Shipping (except air) | 57.5 |
| Ocelot Partners Ltd | Interbest BV | Advertising Services | 57.4 |
| Investor Group | Hotel Bellevue Dresden | Hotels and Casinos | 56.1 |
| BSR REIT | Wimerbly Apartments,Dallas,TX | Real Estate; Mortgage Bankers and Brokers | 53.1 |
| Jiangsu Provincial | Golden Sun Grain & Oil Co Ltd | Food and Kindred Products | 52.7 |
| Okta Inc | Azuqua Inc | Wholesale Trade-Durable Goods | 52.5 |
| Buddy Platform Ltd | Lifi Labs Inc | Electronic and Electrical Equipment | 52.0 |
| BioTime Inc | Asterias Biotherapeutics Inc | Drugs | 50.6 |
| Curtiss-Wright Corp | Tactical Commun Grp Llc | Prepackaged Software | 50.0 |
| Investor Group | Ext Co Ltd | Business Services | 49.0 |
| Spyglass Capital Partners LLC | Century Trinity Estates | Real Estate; Mortgage Bankers and Brokers | 49.0 |
| M&G European Secured Ppty | Invesco-Amsterdam Hotel | Hotels and Casinos | 48.5 |
| Beijing Strong Biotechnologies | Beijing MDC New Spring Med | Measuring, Medical, Photo Equipment; Clocks | 48.3 |
| Gen de Galerias Comerciales | Centro Comercial Las Terrazas | Real Estate; Mortgage Bankers and Brokers | 47.8 |
| CH Robinson Worldwide Inc | Space Cargo Headquarters SA | Transportation and Shipping (except air) | 47.8 |
| Fife Capital Funds Ltd | Viridian Glass Ltd-Logistics | Real Estate; Mortgage Bankers and Brokers | 47.0 |
| Greencoat Solar Assets I Ltd | Notus Investments 2 SARL | Electric, Gas, and Water Distribution | 45.1 |
| HCL America Inc | Strong-Bridge Hldg Inc | Business Services | 45.0 |
| S&T Holdings Co Ltd | S&T Corp | Metal and Metal Products | 44.4 |
| Taiwan PCB Techvest Co Ltd | T-Mac Techvest Pcb Co Ltd | Electronic and Electrical Equipment | 43.6 |
| Vesuvius PLC | CCPI Inc | Measuring, Medical, Photo Equipment; Clocks | 43.4 |
| East Acton Ltd | York Star Holdings Ltd | Real Estate; Mortgage Bankers and Brokers | 43.2 |
| AIT Corp | Nisshin Transportation Co Ltd | Transportation and Shipping (except air) | 43.0 |
| Hangzhou Electn Soul Network | Xiamen Youdong Network Tech | Prepackaged Software | 42.3 |
| Falck Energies Renouvelables | Glennmont-Wind Farm Portfolio | Electric, Gas, and Water Distribution | 41.7 |
| Kong Sun Yongtai Invest Hldg | Huolin Guole Jingri Energy Co | Construction Firms | 41.6 |
| Entwickeln India Energy Pvt | SKS Power Generation | Electric, Gas, and Water Distribution | 41.4 |
| Parque Arauco SA | Centros Comerciales Vecinales | Real Estate; Mortgage Bankers and Brokers | 41.1 |
| Panther Metals PLC | Parthian Resources Pty Ltd | Mining | 38.6 |
| JTC PLC | Exequtive Partners SA | Investment & Commodity Firms,Dealers,Exchanges | 38.5 |
| Investor Group | Inner Mongolia Shuangqi | Drugs | 38.2 |
| Cementation USA Inc | Terra Nova Tech Inc | Construction Firms | 38.0 |
| Globalworth Poland Real Estate | CS A Mgmt-Rondo Business Park | Real Estate; Mortgage Bankers and Brokers | 37.0 |
| Seche South Africa Pty Ltd | Interwaste Holdings Ltd | Sanitary Services | 36.6 |
| Edwards Lifesciences Corp | Corvia Medical Inc | Measuring, Medical, Photo Equipment; Clocks | 35.0 |
| Gap Inc | Janie & Jack | Wholesale Trade-Nondurable Goods | 35.0 |
| Biffa PLC | Specialist Waste Recycling Ltd | Sanitary Services | 33.9 |
| Ascot Resources Ltd | IDM Mining Ltd | Mining | 33.3 |
| Red Phase Inc | Zhejiang Hanpu Power Tech Co | Machinery | 32.6 |
| A-Living Services Co Ltd | Nanjing Zizhu Ppty Mgmt Co | Business Services | 32.5 |
| Swissquote Group Holding AG | Internaxx Bank SA | Commercial Banks, Bank Holding Companies | 32.0 |
| Shanghai Moons Elec Co Ltd | Technosoft Motion AG | Electronic and Electrical Equipment | 31.7 |
| Apple Hospitality REIT Inc | Vista Host-Hampton Inn | Hotels and Casinos | 31.7 |
| Datapulse Technology Ltd | Hotel Prima Co Ltd-Hotel Aropa | Business Services | 31.3 |
| Exeter Property Group LLC | Londonmetric Pty-Sheffield | Transportation and Shipping (except air) | 31.0 |
| MTM Choice LLC | Local Projects LLC | Business Services | 31.0 |
| Cotta Collection AG | Steinpol Cntrl Services Sp zoo | Wood Products, Furniture, and Fixtures | 30.5 |
| Vereco LLC | Cynergistek Inc-Managed Print | Business Services | 30.0 |
| Copperstone Resources AB | Avalon Minerals Viscaria AB | Mining | 29.8 |
| Tucows Inc | Ascio Technologies A/S | Business Services | 29.4 |
| Sirius Real Estate Ltd | Bus Pk Bochum | Real Estate; Mortgage Bankers and Brokers | 29.1 |
| Samara Capital Management Ltd | Natures Essence Pvt Ltd | Soaps, Cosmetics, and Personal-Care Products | 29.0 |
| Aspirant Group SPC 5 Inc | FCM Co Ltd | Metal and Metal Products | 28.4 |
| Speedy Hire PLC | Lifterz Holdings Ltd | Machinery | 28.4 |
| JDH Capital LLC | Sam Kane Beef Processors Inc | Wholesale Trade-Nondurable Goods | 28.0 |
| Topaz Soluciones Educativas | Harmon Hall Holding SA de CV | Educational Services | 27.9 |
| Hachietsu | Ichirokudo Co Ltd | Retail Trade-Eating and Drinking Places | 27.8 |
| Blue Coast Hotels Ltd | Silver Rsrt Hotel (I) Pvt Ltd | Hotels and Casinos | 27.3 |
| RedPeak Properties LLC | Apartment Multifamily | Real Estate; Mortgage Bankers and Brokers | 26.8 |
| Stillcanna Inc | Olimax NT Sp z o o | Agriculture, Forestry, and Fishing | 26.7 |
| Finerge Gestao De Projectos | SPEE 2 Vila Franca De Xira SA | Electric, Gas, and Water Distribution | 26.1 |
| Coventry Grp Ltd | Nubco Pty Ltd | Wholesale Trade-Durable Goods | 26.0 |
| Larsen & Toubro Lnfotech Gmbh | Nielsen Partner | Prepackaged Software | 25.9 |
| Zijin Mining Group Co Ltd | Nkwe Platinum Ltd | Mining | 25.6 |
| Tata Steel Ltd | Tata Metaliks Ltd | Metal and Metal Products | 25.2 |
| Meyer Bergman Ltd | UCPIH Ltd-Aladdin | Real Estate; Mortgage Bankers and Brokers | 25.0 |
| Legion Metals Corp | NextLeaf Solutions Ltd | Drugs | 25.0 |
| Gr Ppty Usa Inc | Washington Motor Lp | Real Estate; Mortgage Bankers and Brokers | 24.8 |
| Mediamax Holdings Ltd | Alpha Satellite Television SA | Radio and Television Broadcasting Stations | 24.4 |
| Kalpataru Power Transmission | Linjemontage i Grastorp AB | Construction Firms | 24.0 |
| 888 Holdings PLC | JPJ Group-Mandalay Operat Buss | Amusement and Recreation Services | 23.3 |
| Myers Apartment Group | Renaissance At Galleria | Real Estate; Mortgage Bankers and Brokers | 23.2 |
| Logan Capital Advisors | Mulberry Gardens,Sacramento,CA | Real Estate; Mortgage Bankers and Brokers | 21.8 |
| Investor Group | Guangdong Tiannuo Civil | Chemicals and Allied Products | 21.6 |
| Beijing Chenhuan Tech Co Ltd | Beijing Yitian Xindong | Business Services | 21.5 |
| Gunvor Group Ltd | CIE Automotive-Biofuel(2) | Chemicals and Allied Products | 21.2 |
| Apple Hospitality REIT Inc | Home2 Suites,Orlando,FL | Hotels and Casinos | 20.7 |
| Enea AB | Atos Convergence Creators-Unit | Business Services | 20.5 |
| G-Smatt Global Co Ltd | Aibit Co Ltd-Land & Bldg | Measuring, Medical, Photo Equipment; Clocks | 20.4 |
| ADES International Holding Ltd | Weatherford Intl-Drill Ops(2) | Machinery | 20.0 |
| Luna Technologies Inc | General Photonics LLC | Metal and Metal Products | 20.0 |
| UniEuro SpA | Carini Ret Srl | Retail Trade-Home Furnishings | 20.0 |
| O-Net Communications Holdings | Advance Photonics Invests Ltd | Investment & Commodity Firms,Dealers,Exchanges | 19.9 |
| Lam Ho Laam | Treasure Profit Ltd | Investment & Commodity Firms,Dealers,Exchanges | 19.7 |
| Investar Holding Corp | Mainland Bank,Texas City,TX | Commercial Banks, Bank Holding Companies | 19.7 |
| Grasim Industries Ltd | Soktas India Private Ltd | Textile and Apparel Products | 19.5 |
| Teracom Group AB | Netett Sverige AB | Telecommunications | 19.3 |
| O-Net Communications Holdings | 3SP Technologies SASU | Electronic and Electrical Equipment | 19.2 |
| Keda Clean Energy Co Ltd | Icf & Welko SpA | Machinery | 19.1 |
| Lothbury Invest Mgmt Ltd | Travldge Hotel Ltd-Camern Toll | Hotels and Casinos | 18.1 |
| Fuzhou Tahoe Re Dvlp Co Ltd | Nanchang Yinmenghu Hotel | Real Estate; Mortgage Bankers and Brokers | 18.0 |
| Automotive Properties REIT | AutoCanada-Automotive Ppty(2) | Real Estate; Mortgage Bankers and Brokers | 17.9 |
| Investor Group | Kachikaihatsu Co Ltd | Real Estate; Mortgage Bankers and Brokers | 17.3 |
| Investor Group | Harvest Epoch Pkg (Zhejiang) | Paper and Allied Products | 17.3 |
| Muncie Power Products Inc | Hydra Dyne Technology Inc | Machinery | 17.2 |
| Seeka Ltd | Aongatete Coolstores Ltd | Food and Kindred Products | 17.1 |
| Sterling Re Partners | Sierra Ridge Apartments-San | Real Estate; Mortgage Bankers and Brokers | 16.5 |
| Guangdong Xianglu Tungsten Co | Jiangxi Xianglu Tungsten Co | Metal and Metal Products | 16.0 |
| Betterstore Properties UK Ltd | Viking Self Storage Bedford | Transportation and Shipping (except air) | 15.9 |
| Greatview Aseptic Pkg | Qingdao Likang Food Pkg Tech | Investment & Commodity Firms,Dealers,Exchanges | 15.7 |
| Baxalta GmbH | Eczacibasi Shire Saglik AS | Business Services | 15.7 |
| Ls Cable & System Ltd | Ls Alsco Co Ltd | Chemicals and Allied Products | 15.5 |
| Essentra PLC | Essentra (Mea) Pte Ltd | Investment & Commodity Firms,Dealers,Exchanges | 15.4 |
| Betterstore Properties UK Ltd | The Storage Pod Ltd | Transportation and Shipping (except air) | 15.0 |
| Sterling & Wilson Pvt Ltd | Unitech Power Transmission Ltd | Electric, Gas, and Water Distribution | 14.8 |
| Ernst & Young LLP | Karrikins Grp Cmnty Pty Ltd | Business Services | 14.6 |
| Milena USA LLC | 4924 Green Road,Raleigh,NC | Real Estate; Mortgage Bankers and Brokers | 14.5 |
| Baldy Bay Pty Ltd | Cnsld Pastoral Co-Mimong | Agriculture, Forestry, and Fishing | 14.2 |
| Sagittarius Capital Corp | Irri-Al-Tal Ltd | Electric, Gas, and Water Distribution | 14.0 |
| Meet Group Inc | Initech Llc | Prepackaged Software | 13.8 |
| Zara Resources Inc | Blacklist Holdings Inc | Drugs | 13.6 |
| Hirt & Carter Group Pty Ltd | First Impression Labels Pty | Printing, Publishing, and Allied Services | 13.4 |
| Rwanda Tea Investment | Gisovu Tea Co | Food and Kindred Products | 13.2 |
| Organic Flower Invests Grp | 1180782 BC Ltd | Drugs | 13.1 |
| Reach4ent Entrps PLC | Agency Press Ltd | Advertising Services | 13.0 |
| Sbs Media Holdings Co Ltd | Sbs Neo Partners Co Ltd | Business Services | 13.0 |
| Sara Invest RE LLC | 11840-11872 Westline Industria | Real Estate; Mortgage Bankers and Brokers | 12.9 |
| Yoma Strategic Hldg Ltd | Yankin Kyay Oh Grp Of Cos Ltd | Retail Trade-Eating and Drinking Places | 12.6 |
| Nass Valley Gateway Ltd | Advanced Bioceuticals Ltd LLC | Wholesale Trade-Durable Goods | 12.6 |
| Transform Holdco Llc | Sears Hldg Corp-Ppty | Retail Trade-General Merchandise and Apparel | 12.4 |
| Yh Global Ltd | Shenzhen Bgi Fisheries Sci & | Business Services | 12.3 |
| Sea Harvest Group Ltd | Mareterram Ltd | Agriculture, Forestry, and Fishing | 12.2 |
| Xu Ke | Dragon Regal Holdings Ltd | Investment & Commodity Firms,Dealers,Exchanges | 12.1 |
| Investor Group | Paradigm Asset Mgmt Co Ltd | Investment & Commodity Firms,Dealers,Exchanges | 12.0 |
| Bottomline Technologies Inc | Experian Ltd-Cert Tech Asts & | Business Services | 12.0 |
| Echoprime Private Eq Co Ltd | Yongsin Envi Dvlp Co Ltd | Sanitary Services | 11.6 |
| Datang Guilin New Energy Co | Datang Gongcheng New Energy | Electric, Gas, and Water Distribution | 11.5 |
| High Grace Hldg Ltd | Quantum Power Ltd | Real Estate; Mortgage Bankers and Brokers | 11.5 |
| Money3 Corp Ltd | Go Car Fin 2018 Ltd | Credit Institutions | 11.3 |
| Prensa Iberica Media SL | Grupo Zeta SA | Printing, Publishing, and Allied Services | 11.3 |
| CLP Wind Farms (India) Pvt Ltd | SE Solar Ltd | Electric, Gas, and Water Distribution | 11.1 |
| Select Interior Concepts Inc | Intown Design Inc | Stone, Clay, Glass, and Concrete Products | 11.0 |
| Duxton Broadacre Farms Ltd | Boorala Property,Adelaide | Agriculture, Forestry, and Fishing | 10.8 |
| Magnetic MRO AS | Direct Maintenance Hldg BV | Air Transportation and Shipping | 10.5 |
| Wuhan Yongtong Pharm Co Ltd | Shandong PKU High Tech Huatai | Drugs | 10.5 |
| DeA Capital SpA | Dea Capital Re Sgr Spa | Investment & Commodity Firms,Dealers,Exchanges | 10.1 |
| NetMeds Marketplace Ltd | KiVi Technologies Pvt Ltd | Health Services | 10.0 |
