Target | Acquirer | Value ($millions) | Synopsis |
MModal IP LLC-Technology Business | 3M Co | 1,000.0 | 3M Co definitively agreed to acquire the technology business of MModal IP LLC, a Franklin-based provider of data processing and hosting services, for$1 bil. |
Formica Corp | Broadview Industries BV | 840.0 | Broadview Holding BV's units Broadview Industries BV of Netherlands agreed to acquire Formica Corp, a Cincinnati-based surfacing products manufacturer, from Fletcher Building Ltd for$840 mil. The transaction would include the Formica businesses in North America, Europe, and Asia and Homapal metal laminates business. In April 2018, Fletcher Building announced that it was seeking a buyer for its Formica unit. |
Fidelity Southern Corp | Ameris Bancorp | 743.0 | Ameris Bancorp definitively agreed to merge with Fidelity Southern Corp, an Atlanta-based bank holding company, via a stock swap transaction valued at$742.955 mil. Ameris offered 0.8 common share per Fidelity share. Based on Ameris' closing stock price of$34.02 on 14 December 2018, the last full trading day prior to the announcement, each Fidelity share was valued at$27.216. |
Luxtera Inc | Cisco Systems Inc | 660.0 | Cisco Systems Inc plans to acquire Luxtera Inc, a Carlsbad-based manufacturer of semiconductors and related devices, for$660 mil. In December 2018, Cisco is rumored to be planning to acquire Luxtera. |
Civitas Solutions Inc | Centerbridge Partners LP | 643.1 | Centerbridge Partners LP definitively agreed to merge with Civitas Solutions Inc, a Boston-based provider of home and community health services, from Vestar Capital Partners Inc for$17.75 in cash per share or a total of$660.032 mil via a leveraged buyout transaction. In October 2018, Vestar Capital Partners was rumored to be seeking a buyer for the entire share capital of Civitas Solutions, with Res-Care Inc (BrightSpring Health Services) named as a potential bidder. |
TransCanada Corp-Coolidge Generating Station | SWG Coolidge Holdings LLC | 465.0 | Southwest Generation Operating Co LLC's unit SWG Coolidge Holdings LLC agreed to acquire Coolidge Generating Station of TransCanada Corp, a Calgary-based pipeline transportation services of natural gas, for about$465 mil. |
ARIAKE USA Inc | Kerry Group PLC | 369.2 | Kerry Group PLC of Republic of Ireland agreed to acquire the entire share capital of ARIAKE USA Inc, a Harrisonburg-based manufacturer and wholesaler of natural seasoning, from Ariake Japan Co Ltd. Concurrently, Kerry Group agreed to acquire Southeastern Mills Inc. Both transactions are expected to have a combined value of$369.233 mil. |
Orbis Education Services Inc | Grand Canyon Education Inc | 362.5 | Grand Canyon Education Inc definitively agreed to merge with Orbis Education Services Inc, a Carmel-based education services provider, for about$362.5 mil in cash. |
Circle K Stores Inc-Convenience & Fuel Retail Stores(192) | CrossAmerica Partners LP-Convenience & Fuel Retail Stores(73) | 184.5 | CrossAmerica Partners LP definitively agreed to acquire the 192 convenience & fuel retail stores of Circle K Stores Inc, a Tempe-based convenience store operator ultimately owned by Alimentation Couche-Tard Inc, in exchange for 73 CrossAmerica convenience & fuel retail stores valued at$184.5 mil via an asset swap transaction. |
Ceterix Orthopaedics Inc | Smith & Nephew PLC | 105.0 | Smith & Nephew PLC of the UK agreed to acquire Ceterix Orthopaedics Inc, a Fremont-based manufacturer of surgical appliance and supplies, for about$105 mil. The consideration would consist of$50 mil in cash and up to$55 mil in profit-related payments. |
Expressjet Airlines Inc-Certain Specified Assets & Liabilities | United Airlines Inc | 58.0 | UAL Corp's unit United Airlines Inc agreed to acquire certain specified assets & liabilities of Expressjet Airlines Inc, a Houston-based passenger airline owned by Atlantic Southeast Airlines Inc, for$58 mil in cash. |
Elektra Holding Co LLC | Wintrust Financial Corp | 51.9 | Wintrust Financial Corp acquired Elektra Holding Co LLC, a Chicago-based provider of financial investment services, for about$51.9 mil. |
Blackbird Holdings Inc | TILT Holdings Inc | 50.0 | TILT Holdings Inc of Canada plans to acquire Blackbird Holdings Inc, a Charlotte-based investment bank, for$50 mil. The consideration will consist of$5 mil in cash and$45 mil in common shares. |
CoalTech LLC | Clean Invest Africa PLC | 31.0 | Clean Invest Africa PLC of the UK agreed to acquire the 97.5% remaining stake it does not already own in CoalTech LLC, a Wilmington-based provider of support services for coal mining, for$31 mil. |
Playwire LLC | FreakOut Holdings Inc | 29.5 | FreakOut Holdings Inc of Japan plans to acquire a 75% stake in Playwire LLC, a provider of custom computer programming services, for$29.489 mil. |
Shelby JV LLC | Scales Corp Ltd | 23.2 | Scales Corp Ltd of New Zealand agreed to acquire a 60% stake in Shelby JV LLC, an Amarillo-based manufacturer of dog and cat foods, for$23.2 mil. |
Smashburger Master LLC | Bee Good! Inc | 10.0 | Bee Good! Inc of Philippines, a unit of Jollibee Worldwide Pte Ltd, ultimately owned by Jollibee Foods Corp, acquired the remaining 15% stake it did not already own in Smashburger Master LLC, a Denver-based full-service restaurant operator, from Black Shamrock Partners for$10 mil in cash. |
FleetPride Inc | American Securities LLC | | American Securities LLC acquired FleetPride Inc, an Irving-based wholesaler of transportation equipment and supplies, from TPG Capital LP via a leveraged buyout transaction. Originally, on November 2018, American Securities was rumored to be planning to acquire FleetPride. |
Barclayhedge Ltd | Backstop Solutions Group LLC | | Backstop Solutions Group LLC definitively agreed to acquire Barclayhedge Ltd, a Fairfield-based provider of administrative management and general management consulting services. |
GreenOak Real Estate Advisors LP | Bentall Kennedy LP | | Sun Life Financial Inc's unit Bentall Kennedy LP of Canada agreed merge with GreenOak Real Estate Advisors LP, a New York-based real estate services provider, from Tetragon Financial Group Ltd, ultimately owned by Polygon Credit Holdings II Ltd. |
Breakaway Holdings LLC-HomeVisit | CoreLogic Inc | | CoreLogic Inc acquired HomeVisit of Breakaway Holdings LLC, a Chantilly-based provider of commercial gravure printing services. |
LightBound LLC | DataBank Holdings Ltd | | Digital Bridge Holdings LLC's unit DataBank Holdings Ltd acquired LightBound LLC, an Indianapolis-based provider of colocation, Internet, voice, network and cloud services. |
Integro Group Holdings LP | Epic Holdings Inc | | Epic Holdings Inc agreed to acquire Integro Group Holdings LP, a New York-based insurance agency. |
Pfizer Inc-Consumer Health Care Division | GlaxoSmithKline plc-Consumer Healthcare Business | | GlaxoSmithKline PLC (GSK) agreed to merge its consumer healthcare business with the consumer health care division of Pfizer Inc, a New York-based pharmaceutical products manufacturer, via a joint venture formation. Upon completion of the deal, GSK will own 68% and Pfizer the remaining 32% of the joint venture. Originally, in October 2017, Pfizer announced that it was seeking a buyer for its consumer health care division, via auction, with GlaxoSmithKline, Reckitt Benckiser, Procter & Gamble Co named as potential bidders. |
Southeastern Mills Inc | Kerry Group PLC | | Kerry Group PLC of Republic of Ireland agreed to acquire Southeastern Mills Inc, a Rome-based producer and wholesaler of coatings and seasonings. Concurrently, Kerry Group agreed to acquire the entire share capital of ARIAKE USA Inc. Both transactions are expected to have a combined value of$369.233 mil. |
AAP St. Marys Corp | Kosei Aluminum Co Ltd | | Kosei Aluminum Co Ltd of Japan plans to acquire the entire share capital of AAP St. Marys Corp, a St. Marys-based motor vehicle parts manufacturer, from Hitachi Metals America Ltd, owned by Hitachi Metals Ltd. |
Huffman LLC | Optomec Inc | | Optomec Inc acquired Huffman LLC, a Clover-based manufacturer of welding and soldering equipment. |
Targeted Pet Treats | Pestell Group | | Wind Point Partners LLC's unit Pestell Group of Canada acquired Targeted Pet Treats, a Warren-based co-manufacturer of dental treats and long-lasting chews for pets. |
Whitford Corp | PPG Industries Inc | | PPG Industries Inc definitively agreed to acquire Whitford Corp, an Elverson-based adhesives manufacturer. |
StandardAero Aviation Holdings Inc | The Carlyle Group LP | | The Carlyle Group LP agreed to acquire StandardAero Aviation Holdings Inc, a Scottsdale-based provider of engine and airframe maintenance, repair and overhaul, engine component repair, and engineering services, from Veritas Capital Partners LP for around$5 bil. Originally, in October 2018, Veritas was rumored to be seeking a buyer for its StandardAero unit. |
McAfee LLC | Thoma Bravo LLC | | Thoma Bravo LLC is rumored to be planning to acquire McAfee LLC, a Santa Clara-based software publisher, from TPG Capital LP and Intel Corp for around$4.2 bil via a leveraged buyout transaction. |
US M&A Deals Announced December 14 to 20, 2018 | | | |
Source: Thomson Reuters | | | |