TargetAcquirerValue ($millions)Synopsis
21st Century Fox IncWalt Disney Co68,421.8Walt Disney Co definitively agreed to acquire the entire share capital of 21st Century Fox Inc, a New York-based provider of cable and television services, via a stock swap transaction valued at around $68.422 bil, including the assumptions of $13.7 billion in liabilities. Walt Disney offered 0.2745 common share per Fox share. Based on Walt Disney’s closing stock price of $107.61 on 13 December 2017, the last full trading day prior to the announcement, each Fox share was valued at $29.539. Concurrently, Fox plans to spin-off its broadcasting network and stations. Originally, Walt Disney was rumored to be planning to acquire the entertainment assets of Fox.
IO Data Centers LLC-US OperationsIron Mountain Inc1,375.0Iron Mountain Inc definitively agreed to acquire the US operations of IO Data Centers LLC, a Phoenix-based provider of computer facilities management services, for $1.375 billion. The consideration would consist of $1.315 billion in cash and up to $60 million in profit-related payments.
3M Co-Communications Markets DivisionCorning Inc900.0Corning Inc agreed to acquire the Communications Markets Division of 3M Co, a St. Paul-based manufacturer and wholesaler of surgical and medical equipment and instruments, for about $900 million.
Saddle Butte Rockies Midstream LLCBlack Diamond Gathering LLC625.0Black Diamond Gathering LLC, jointly owned by Greenfield Midstream LLC and Noble Midstream Partners LP, agreed to acquire the entire share capital of Saddle Butte Rockies Midstream LLC, a Durango-based provider of pipeline transportation services of refined petroleum products, for about $625 million.
Shipt IncTarget Corp550.0Target Corp agreed to acquire Shipt Inc, a Birmingham-based delivery services provider, for $550 million in cash.
Geodynamics IncOil States International Inc526.8Oil States International Inc definitively agreed to acquire the entire share capital of Geodynamics Inc, a Millsap-based perforating systems provider, from Lime Rock Management LP for $526.778 million. The consideration would consist of $300 million in cash, the issuance of 8.66 million common shares valued at $201.778 mil, and $25 million in promissory notes. The shares were valued based on Oil States’ closing stock price of $23.3 on 11 December 2017, the last trading day prior to the announcement.
FNB BancorpTriCo Bancshares,Chico, California301.2TriCo Bancshares definitively agreed to acquire the entire share capital of South San Francisco-based FNB Bancorp for $301.162 million. Upon completion of the deal, Trico and FNB would respectively own 76% and 24% of the merged entity.
New Acton Mobile Industries LLCWilliams Scotsman International Inc235.0WillScot Corp’s unit Williams Scotsman International Inc definitively agreed to acquire New Acton Mobile Industries LLC, a Baltimore-based mobile homes manufacturer, for about $235 million in cash from Prophet Equity II LP, ultimately owned by Prophet Equity LLC.
Hood River Distillers Inc-Pendleton Whisky Brand AssetsBecle SAB de CV205.0Becle SAB de CV of Mexico definitively agreed to acquire the Pendleton Whisky brand assets of Hood River-based Hood River Distillers Inc for $205 million.
First Bank Lubbock Bancshares IncHeartland Financial USA Inc185.6Heartland Financial USA Inc definitively agreed to merge with Lubbock-based First Bank Lubbock Bancshares Inc for $185.6 mil.
Unimin CorpFairmount Santrol Holdings Inc170.0Fairmount Santrol Holdings Inc definitively agreed to merge with Unimin Corp, a New Canaan-based industrial sand, crushed and broken stone and limestone, clay, ceramic and miscellaneous nonmetallic mining company, from SCR Sibelco NV for $170 million in cash. The consideration would consist of $170 million in cash and new common shares.
First BancTrust Corp,Paris, IllinoisFirst Mid-Illinois Bancshares Inc74.3First Mid-Illinois Bancshares Inc definitively agreed to acquire the entire share capital of First BancTrust Corp, a Paris-based financial holding company, for $74.255 million via a stock swap transaction. The consideration would consist of $5 in cash and 0.8 First Mid common shares per First Bank share. Based on First Mid’s closing stock price of $38.67 on 8 December 2017, the last full trading day prior to the announcement, each First Bank share was valued at $30.936.
Contura Coal West LLC-Powder River Basin AssetsBlackjewel LLC50.0Blackjewel LLC paid $50 million to acquire the Powder River basin assets of Contura Coal West LLC, a bituminous coal mine operator, ultimately owned by Contura Energy Inc.
Hibernia Bancorp IncUnion Savings Loan Association33.0Union Savings Loan Association definitively agreed to acquire entire share capital of Hibernia Bancorp Inc, a New Orleans-based commercial bank, for $32 in cash per share or a total of $33.045 mil.
Tennessee Bancshares IncSmartFinancial Inc31.8SmartFinancial Inc definitively agreed to merge with Tullahoma-based Tennessee Bancshares Inc for $31.796 million via a stock swap transaction. SmartFinancial offered 0.8065 common shares per Tennessee share. Based on SmartFinancial’s closing stock price of $21.79 on 11 December 2017, the last full trading day prior to the announcement, each Tennessee share was valued at $17.574.
Sperasoft IncKeywords Studios PLC27.0Keywords Studios PLC of Republic of Ireland acquired Sperasoft Inc, a Santa Clara-based software publisher, for $27 million. The transaction included Sperasoft Studio LLC.
Patrick Yarn Mill IncCoats Group PLC25.0Coats Group PLC of the UK acquired Patrick Yarn Mill Inc, a Kings Mountain-based yarn spinning mill operator, for $25 mil.
Noble Americas South Bend Ethanol LLCMercuria Investments US Inc20.0Mercuria Energy Trading SA’s unit Mercuria Investments US Inc acquired Noble Americas South Bend Ethanol LLC, a South Bend-based ethyl alcohol manufacturer, for $20 million from Noble Americas Corp, owned by Noble Resources UK Holdings Ltd. Originally, Zeeland Farm Services Inc offered $17 million. Previously, Zeeland Farm Services Inc agreed to acquire Noble Americas South Bend Ethanol LLC.
Dextera Surgical IncAesculap Inc17.3Aesculap AG’s unit Aesculap Inc agreed to acquire the entire share capital of the bankrupt Dextera Surgical Inc, a Redwood City-based medical instruments manufacturer, for $17.3 million via an auction.
Zuf Acquisitions I LLCEnviroStar Inc17.0EnviroStar Inc definitively agreed to acquire Zuf Acquisitions I LLC, a Garland-based wholesaler of laundry equipment and products, for $17 million. The consideration would consist of $8.5 million in cash and $8.5 million in EnviroStar common shares.
Akron Polymer Systems IncSelen Technology (Hong Kong) Co Ltd9.9Shenzhen Selen Science & Technology Co Ltd’s unit Selen Technology Co Ltd of Hong Kong plans to acquire a 45% stake in Akron Polymer Systems Inc, a manufacturer and wholesaler of chemical products, from Frank W. Harris (23.97%), and other 9 shareholders (21.03 %) for $9.9 million.
LMS Wellness Benefit LLCCGX Life Sciences Inc2.7MPX Bioceutical Corp’s unit CGX Life Sciences Inc was granted an option to acquire a 91.28% stake in LMS Wellness Benefit LLC, a Fallston-based manufacturer of medicinals and botanicals, for $2.685 million. The consideration would consist of $1.353 million in cash and the assumption of $1.332 million in liabilities. Concurrently, CGX was granted an option to acquire the remaining 8.72% stake it does not already own in LMS from William Huber for $0.118 mil.
Repros Therapeutics IncAllergan Sales LLC2.4Allergan PLC’s unit Allergan Sales LLC definitively agreed to acquire the entire share capital of Repros Therapeutics Inc, a The Woodlands-based biological products manufacturer, for $0.67 in cash per share or a total of $2.386 million.
Prodigy Films IncImagination Park Entertainment Inc0.5Imagination Park Entertainment Inc (IPE) of Canada acquired the entire share capital of Prodigy Films Inc, a Beverly Hills-based producer of motion pictures and videos, for $0.464 million via a stock swap transaction. The shares were valued based on IPE’s closing stock price of $.65 on 8 December 2017, the las full trading day prior to the completion date.
LMS Wellness Benefit LLCCGX Life Sciences Inc0.1MPX Bioceutical Corp’s unit CGX Life Sciences Inc was granted an option to acquire the remaining 8.72% stake it does not already own in LMS Wellness Benefit LLC, a Fallston-based manufacturer of medicinals and botanicals, from William Huber for $0.118 million. Concurrently, CGX was granted an option to acquire a 91.28% stake in LMS for $2.685 million.
Connected Telematics CorpAirIQ Inc0.1AirIQ Inc of Canada acquired Connected Telematics Corp, a Nokomis-based provider of wireless fleet management services, for $0.07 million. The consideration consisted of $0.07 million in cash and profit-related payments.
Providence St Joseph HealthAscension Health AllianceAscension Health Alliance is rumored to be planning to acquire the remaining stake it does not already own in Providence St. Joseph Health, a Renton-based provider of ambulatory health care services.
Owen-Dunn Insurance Services LlcAssuredPartners IncAssuredPartners Inc, a unit of GTCR LLC, plans to acquire Owen-Dunn Insurance Services LLC, a direct life insurance carrier.
Suburban Integrated Facilities ResourcesAtalian International SASAtalian International SAS of France acquired Suburban Integrated Facilities Resources, a Braintree-based janitorial services provider.
Solar Plastics LlcAtek Companies IncAtek Companies Inc acquired Solar Plastics LLC, a Delano-based plastics products manufacturer.
Meadowood Retail Center,Madison,WisconsinBaceline Investments LLCBaceline Investments LLC acquired Meadowood Retail Center, a 45,319 sq ft neighborhood shopping center in Madison, for around $3.25 million.
Results Physical Therapy and Training CenterBack in Motion Physical LLCBack in Motion Physical LLC, a unit of GPB Capital Holdings LLC, acquired Results Physical Therapy and Training Center in Sacramento.
CDI Corp-Aerospace & Industrial Equipment BusinessBelcan LLCAE Industrial Partners LLC’s unit Belcan LLC acquired the aerospace & industrial equipment business of CDI Corp, a Philadelphia-based engineering services provider.
Aspen Square Management-Apartment Communities(2)Blackfin Real Estate Investors LLCBlackfin Real Estate Investors LLC acquired 2 apartment communities from Aspen Square Management, a West Springfield-based provider of apartment complex development and restoration services.
NMG Management Group IncBlue Equity LLCBlue Equity LLC acquired a majority interest in NMG Management Group Inc, a Beverly Hills-based news dealer, via a leveraged buyout transaction.
Ground Logic IncBriggs & Stratton CorpBriggs & Stratton Corp acquired Ground Logic Inc, a Lincoln-based manufacturer of lawn and garden equipment.
Home South Communities LLCCalAtlantic Group IncCalAtlantic Group Inc acquired Home South Communities LLC, a Suwanee-based housing constructor.
Momentum Exterior Systems IncCandela Solutions LLCCandela Solutions LLC acquired the remaining stake it did not already own in Momentum Exterior Systems Inc, a Spring-based glass contractor.
High Ridge Apartments,Athens,GeorgiaCapital Square Realty Advisors LLCCapital Square Realty Advisors LLC acquired High Ridge Apartments, a 160-unit multifamily community in Athens, Georgia.
Brighter IncCigna CorpCigna Corp acquired Brighter Inc, a Santa Monica-based dentist’s office operator.
Nj SavvyClipper Magazine IncValassis Communications Inc’s unit Clipper Magazine Inc acquired the remaining stake it did not already own in NJ Savvy, an Englishtown-based newspaper publisher.
South Florida Digital Alliance Inc-Service Provider DivisionCloud Computing Concepts LLCCloud Computing Concepts LLC agreed to acquire the service provider division of South Florida Digital Alliance Inc, a Miami-based non-profit charitable foundation.
GiveSmart US IncCommunity BrandsCommunity Brands agreed to acquire GiveSmart US Inc, an Atlanta-based provider of mobile bidding services.
SellPoints IncConversionPoint Technologies IncConversionPoint Technologies Inc acquired SellPoints Inc, an Emeryville-based e-Commerce technology provider.
Prototek Manufacturing LLCCore Industrial Partners LLCCore Industrial Partners LLC acquired Prototek Manufacturing LLC, a Contoocook-based sheet metal works manufacturer, via a leveraged buyout transaction.
ClearSlide IncCorel CorpCorel Corp of Canada, a unit of Corel Holdings LP, acquired ClearSlide Inc, a San Francisco-based provider of business support services.
Personal Care Products LLC-Dollar/Value BusinessDelta Brands IncDelta Brands Inc acquired the dollar/value business of Personal Care Products LLC, a Troy-based chemical products manufacturer.
Infinitekey IncDenso International America IncDenso International America Inc acquired InfiniteKey Inc, a Holland-based software publisher.
Connect HealthcareDoctor.com servicesDoctor.com services acquired the remaining stake it did not already own in Connect Healthcare, a Decatur-based provider of ambulatory health care services.
Enduris Extrusions Inc-Endeck Capped Cellular Pvc Product LinesEastern Metal Supply IncEastern Metal Supply Inc acquired the Endeck Capped Cellular PVC product lines of Enduris Extrusions Inc, a Jacksonville-based manufacturer of laminated plastics profile shapes. The transaction included all tooling, embossing equipment and proprietary formulations of Enduris Extrusions Inc.
Incente LLCFirst Opinion CorpFirst Opinion Corp, a unit of Healthways Inc, acquired Incente LLC, a Hanover-based software publisher.
Specialty Soda & Food Concept Swig Stores(17),UTFour Foods GroupFour Foods Group acquired the 17 Swig Stores, a St. George, Utah-based specialty soda and food concept.
IntelliCare IncFullerton Healthcare Group Pte LtdFullerton Healthcare Group Pte Ltd of Singapore plans to acquire a 60% stake in IntelliCare Inc, a South Portland-based provider of support services, from PolyMedica Corp.
DWL Industries CoGet Enterprises LLCOlympus Partners LP’s unit Get Enterprises LLC merges with DWL Industries Co, a Lodi-based manufacturer of kitchenware and tableware.
Pacific Union International IncGibson InternationalGibson International of the UK plans to acquire the remaining stake it does not already own in Pacific Union International Inc, a San Francisco-based residential property manager.
Magnetic Variation Services LLCHelmerich & Payne IncHelmerich & Payne Inc acquired Magnetic Variation Services LLC, a Westminster-based provider of support services for oil and gas operations.
Oxford Performance Materials Inc-Aerospace & Defense businessHexcel CorpHexcel Corp definitively agreed to acquire the Aerospace & Defense business of Oxford Performance Materials Inc, a Windsor-based plastics materials manufacturer ultimately owned by Arkema SA.
Bask Technology IncHFN IncHFN Inc, a unit of Stratose Inc, plans to acquire Bask Technology Inc, a software publisher.
Health Assets Management IncInfinity Behavioral Health Services IncInfinity Behavioral Health Services Inc acquired Health Assets Management Inc, a Kingston-based provider of behavioral health services.
David & Goliath LLCInnocean Worldwide IncInnocean Worldwide Inc of South Korea was rumored to be planning to acquire David & Goliath LLC, an El Segundo-based advertising agency.
BrokersumoInside Real Estate LLCInside Real Estate LLC acquired Brokersumo, a software publisher.
Swift Prepaid Solutions IncInvestor GroupAn investor group, comprising DataConnect Norden AB and Bain Capital Ventures LLC acquired Swift Prepaid Solutions Inc, a provider of financial transactions services.
Labor Source LLCInvestor GroupAn investor group led by Great Range Capital, acquired Labor Source LLC, an Olathe-based provider of temporary help services.
TCP International Holdings LtdInvestor GroupAn investor group plans to acquire the entire share capital of TCP International Holdings Ltd, an Aurora-based manufacturer of electric lamp bulbs and parts.
Kyjen Co LLCJW Childs Associates LPJW Childs Associates LP acquired Kyjen Co LLC, a Centennial-based pet accessories manufacturer, from The Riverside Co via a secondary buyout transaction. Originally, River acquired Kyjen.
KC Specialty Therapeutics LLCKangen Pharmaceuticals Co LtdKangen Pharmaceuticals Co Ltd agreed to acquire KC Specialty Therapeutics LLC, a Kansas City-based biological products manufacturer, from Stason Pharmaceuticals Inc.
Sandvik HyperionKKR & Co LPKKR & Co LP agreed to acquire Sandvik Hyperion, a Fair Lawn-based manufacturer of accessories for cutting and metal forming machine tools, from Sandvik AB via a leveraged buyout transaction. Originally, in November 2017, Sandvik announced that it was seeking a buyer for its Hyperion unit Nordic Capital, with KKR named as a potential bidder.
Northern Labs IncKnowlton Development CorpNovacap’s unit Knowlton Development Corp of Canada acquired Northern Labs Inc, a Manitowoc-based manufacturer of personal care products.
Exo TechnologiesLear CorpLear Corp plans to acquire Exo Technologies, a San Mateo-based provider of marketing consulting services.
Maryland Financial BankMfb Acquisition CorpMFB Acquisition Corp definitively agreed to acquire the entire share capital of Towson-based Maryland Financial Bank.
iNet Solutions Group IncMyriad Mobile LLCMyriad Mobile LLC acquired Inet Solutions Group Inc, an Omaha-based software publisher.
S2K Financial Holdings LLCNorthStar Securities LLCColony NorthStar Inc’s unit NorthStar Securities LLC signed a letter of intent to acquire the entire share capital of S2K Financial Holdings LLC, a New York City-based securities brokerage, via a stock swap transaction.
Safe PassageNuVasive IncNuVasive Inc plans to acquire the state-owned Safe Passage, a provider of individual and family services.
Once in a Lifetime LLCOne Horizon Group IncOne Horizon Group Inc of Singapore definitively agreed to acquire a majority interest in Once in a Lifetime LLC, a Miami Beach-based software publisher.
Ruggieri Consulting Group LLCOneDigital Health & BenefitsNew Mountain Capital LLC’s unit OneDigital Health & Benefits acquired Ruggieri Consulting Group LLC, a New York City-based provider of insurance related services.
SMG Holdings IncOnex CorpOnex Corp of Canada plans to acquire SMG Holdings Inc, a West Conshohocken-based event promoter, via a leveraged buyout transaction from American Capital Ltd, ultimately owned by Ares Capital Corp.
Nickell Moulding Company Inc.Patrick Industries IncPatrick Industries Inc acquired Nickell Moulding Company Inc, an Elkhart-based manufacturer of custom architectural woodwork and millwork, for around $11 million.
LeanKit IncPlanview IncThoma Bravo LLC’s unit Planview Inc plans to acquire LeanKit Inc, a Franklin-based provider of custom computer programming services.
Peake Software Labs IncQGenda IncQGenda Inc acquired Peake Software Labs Inc, a Sparks-based software publisher.
Dialog Direct IncQualfon CorpQualfon Corp acquired Dialog Direct Inc, a Highland Park-based provider of telephone answering services.
Implementation Management Assistance IncRevint SolutionsRevint Solutions acquired the remaining stake it did not already own in Implementation Management Assistance Inc, a Chadds Ford-based provider of administrative management and general management consulting services.
Deltec Shunts LLCRiedon IncRiedon Inc acquired Deltec Shunts LLC, a Norwalk-based manufacturer of electrical signals measuring and testing instruments.
Orange Bank & Trust Co, Fishkill, New YorkSalisbury Bank & Trust Co, Lakeville,ConnecticutSalisbury Bancorp Inc’s unit Salisbury Bank & Trust Co definitively agreed to acquire Orange Bank & Trust Co, a Fishkill-based commercial bank, from Orange Bank & Trust Company.
Galerie Media Group LLCSandow Capital LLCSandow Media Corp’s unit Sandow Capital LLC acquired a 50% stake in Galerie Media Group LLC, a New York City-based magazine publisher.
OneMarket Network LLCShareholdersWestfield Corp plans to spinoff its 90% stake in OneMarket Network LLC, a San Francisco-based internet portal operator, to its shareholders.
Trinity Industries Inc-Infrastructure-Related BusinessesShareholdersTrinity Industries Inc, owned by InfraSource Services Inc, plans to spin-off its infrastructure related businesses to its shareholders.
BHP Billiton Ltd-US Oil & Gas OperationsShareholdersBHP Billiton Ltd is considering to spinoff or sell its US shale oil unit. In August 2017, the company was rumored to be seeking a buyer for its US shale oil unit.
21st Century Fox Inc-Certain BusinessesShareholders21st Century Fox Inc plans to spinoff certain businesses to its shareholders. Concurrently, Walt Disney Co definitively agreed to acquire 21st Century Fox Inc.
Railtronix LLCSolaris Oilfield Infrastructure IncSolaris Oilfield Infrastructure Inc acquired Railtronix LLC, a software publisher based in The Woodlands.
Atlantic Bancshares IncSouth Atlantic Bancshares IncSouth Atlantic Bancshares Inc plans to acquire the entire share capital of Atlantic Bancshares Inc, a Bluffton-based commercial bank.
Channel Distribution CorpSt George LogisticsWind Point Partners’ unit St. George Logistics acquired Channel Distribution Corp, a Bensenville-based provider of local freight trucking services.
Odle IncSuez North AmericaSUEZ North America, a unit of Suez Groupe SASU, acquired Odle Inc, a Muncie-based coatings manufacturer.
Texas Rotating Equipment IncTF Hudgins IncTF Hudgins Inc, a unit of CapStreet Group LLC, acquired Texas Rotating Equipment Inc, a Dayton-based provider of commercial and industrial machinery and equipment repair and maintenance services.
Battery Utility Of Ohio LLCTokyo Electric Power Company Holdings IncThe Japanese state-owned Tokyo Electric Power Company Holdings Inc, a unit of the Japanese state-owned Nuclear Damage Liability Facilitation Fund, acquired a 50% stake in Battery Utility of Ohio LLC, a manufacturer of motors and generators, from Renewable Energy Systems Americas Inc, ultimately owned by Renewable Energy Systems Ltd.
Sunshine Fitness Management LLCTSG Consumer Partners LLCTSG Consumer Partners LLC acquired a majority interest in Sunshine Fitness Management LLC, an Orlando-based fitness and recreational sports center operator, via a leveraged buyout transaction.
Schmidt’s Deodorant Co LLCUnilever PLCUnilever PLC of the UK plans to acquire Schmidt’s Deodorant Co LLC, a Portland-based toilet preparations manufacturer.
Raft River Energy I LlcUS Geothermal IncUS Geothermal Inc agreed to acquire the remaining stake it does not already own in Raft River Energy I LLC, a Boise-based electric power generation facility operator, for around $0.35 mil.
Savantis Group IncVedicsoft Solutions LLCVedicsoft Solutions LLC acquired Savantis Group Inc, an Exton-based provider of computer systems design services.
One True Vine-Wine Brands(3)Vintage Wine EstatesVintage Wine Estates agreed to acquire the 3 wine brands of One True Vine, a Saint Helena-based winery.
VacVision Environmental LLCVortex CoVortex Co acquired VacVision Environmental LLC, a Tampa-based civil engineering constructor.
Plymouth Packaging IncWestRock CoWestRock Co agreed to acquire Plymouth Packaging Inc, a Plymouth-based manufacturer of folding paperboard boxes.
iFreedom Direct Corp-Certain AssetsWintrust Mortgage CorpWintrust Financial Corp’s unit Wintrust Mortgage Corp agreed to acquire certain assets of iFreedom Direct Corp, a Salt Lake City-based provider of secondary market financing services.
Pact Holdings Az LlcWowio IncWowio Inc plans to acquire Pact Holdings AZ LLC, a provider of financial investment services. Concurrently, WOWIO Inc also plans to acquire Pact Enterprises Inc.
Pact Enterprises IncWowio IncWowio Inc plans to acquire Pact Enterprises Inc, a Williams-based full-service restaurant operator. Concurrently, WOWIO Inc also plans to acquire Pact Holdings AZ LLC.
Tupperware Brands Corp-Beauticontrol assetsYoungevity International IncYoungevity International Inc agreed to acquire the beauticontrol assets of Tupperware Brands Corp, an Orlando-based plastics products manufacturer.
US M&A Deals Announced December 8 to December 14, 2017
Source: Thomson Reuters