Blue Buffalo
Target Acquirer Value ($millions) Synopsis
Microsemi Corp Microchip Technology Inc 8,098.9 Microchip Technology Inc definitively agreed to acquire Microsemi Corp, an Aliso Viejo-based manufacturer of semiconductors and related devices, for $68.78 in cash per share or a total of $8.099 billion. Originally, in February 2018, Microchip was rumored to be planning to acquire Microsemi.
Blue Buffalo Pet Products Inc General Mills Inc 7,926.9 General Mills Inc definitively agreed to merge with Blue Buffalo Pet Products Inc, a Wilton-based producer of natural food and treats for dogs and cats, for $40 in cash per share or a total of $7.927 billion from Invus Group LLC's unit Invus LP, the Bishop family, and other shareholders.
Community Bank of Pasadena, Pasadena,CA CVB Financial Corp,Ontario, California 878.6 CVB Financial Corp agreed to merge with Community Bank, a Pasadena-based provider of depository credit intermediation services, for about $878.6 million via a stock swap transaction. The consideration would consist of an estimated $177.5 million in cash and issuance of 30 million common shares valued at $701.1 million. The shares were valued at closing stock price of $23.37 on 23 February 2018, the last full trading day prior to the announcement.
GenOn Energy Inc-Hunterstown Power Generation Facility Platinum Equity LLC 520.0 Platinum Equity LLC definitively agreed to acquire the Hunterstown Power Generation Facility of the bankrupt GenOn Energy Inc, a Princeton-based electric power distributor owned by NRG Energy Inc, for about $520 million via a leveraged buyout transaction.
Intermedix Corp R1 RCM Inc 460.0 R1 RCM Inc definitively agreed to acquire Intermedix Corp, a Fort Lauderdale-based provider of healthcare information technology services, for about $460 million in cash from Thomas H. Lee Partners LP, ultimately owned by Thomas H. Lee Co.
Spectrum Brands Holdings Inc HRG Group Inc 374.3 Harbinger Capital Partners LLC's unit HRG Group Inc definitively agreed to acquire the remaining 40.671% stake it does not already own in Spectrum Brands Holdings Inc, a Middleton-based storage batteries manufacturer, for $374.295 million via a stock swap transaction. The shares were valued based on HRG's closing stock price of $15.9 on 23 February 2018, the last full trading day prior to the announcement.
PHH Corp Ocwen Financial Corp 358.1 Ocwen Financial Corp definitively agreed to acquire the entire share capital of PHH Corp, a Mt. Laurel-based provider of consumer lending services, for about $11 in cash per share or a total of $358.069 mil;ion.
Phantom Cyber Corp Splunk Inc 350.0 Splunk Inc definitively agreed to acquire the entire share capital of Phantom Cyber Corp, a Palo Alto-based security software provider, for about $350 million in cash and common stock.
Terramar Retail Centers LLC-Premier Hawaii Retail Centers(3) Alexander & Baldwin Inc 316.0 Alexander & Baldwin Inc acquired 3 premier Hawaii retail centers of Terramar Retail Centers LLC, a Carlsbad-based provider of land subdivision services, for $316 million. The consideration consisted of $254 million in cash and $62 million in assumed liabilities.
Phunware Inc Stellar Acquisition III Inc 301.0 Stellar Acquisition III Inc of Greece agreed to merge with Phunware Inc, an Austin-based provider of business support services, with the transaction valuing Phunware at an enterprise value of $301 million on a cash-free, debt-free basis.
Presque Isle Downs & Casino,Erie,Pennsylvania Churchill Downs Inc 178.9 Churchill Downs Inc definitively agreed to acquire Presque Isle Downs & Casino, an Erie-based casino operator, from Eldorado Resorts Inc for about $178.9 million in cash. Concurrently, Churchill definitively agreed to acquire Lady Luck Casino Vicksburg.
Openwave Mobility Inc Enea AB 90.0 Enea AB of Sweden agreed to acquire Openwave Mobility Inc, a Redwood City-based software publisher, for about $90 million.
Kratos Public Safety & Security Solutions Inc Securitas Electronic Security Inc 69.0 Securitas Electronic Security Inc definitively agreed to acquire Kratos Public Safety & Security Solutions Inc, a San Diego-based provider of security systems services, from Kratos Defense & Security Solutions Inc for $69 million.
Lady Luck Casino Vicksburg,Vicksburg,Mississippi Churchill Downs Inc 50.6 Churchill Downs Inc definitively agreed to acquire Lady Luck Casino Vicksburg, a Vicksburg-based casino operator, from Eldorado Resorts Inc for about $50.6 million in cash. Concurrently, Churchill definitively agreed to acquire the Presque Isle Downs & Casino.
Scott-Rice Telephone Co New Ulm Telecom Inc 42.0 New Ulm Telecom Inc plans to acquire Scott-Rice Telephone Co, a wireless telecommunications carrier, from Allstream Business US LLC for $42 million.
Beaver Aerospace & Defense Inc Heroux-Devtek Inc 23.5 Heroux-Devtek Inc of Canada plans to acquire Beaver Aerospace & Defense Inc, a Livonia-based manufacturer of relays and industrial controls, from Phillips Service Industries Inc. According to sources, the deal is expected to be valued at around $23.5 mil.
Emmis Communications Corp-Radio Stations(2) Entercom Communications Corp 15.0 Entercom Communications Corp plans to acquire 2 radio stations from Emmis Communications Corp, an Indianapolis-based radio network, for $15 million.
MixOnSite USA Inc Cematrix Corp 5.0 Cematrix Corp of Canada signed a letter of intent to acquire the entire share capital of MixOnSite USA Inc, a Buffalo Grove-based structure contractor, for $5.003 million. The consideration would consist of $2.5 million in cash, the issuance of 3.43 million Cematrix common shares valued at $0.503 million and a $2 million convertible note. The shares were valued based on Cematrix' closing stock price of $0.15 on 23 February 2018, the last full trading day prior to the announcement.
Stuart Yard Corp Grand Banks Yachts Ltd 3.2 Investindustrial Asian Development Holdings SA's unit Grand Banks Yachts Ltd plans to acquire the entire share capital of Stuart Yard Corp, a Stuart-based marina operator, for $3.2 million.
WattMaster Controls Inc AAON Inc AAON Inc acquired WattMaster Controls Inc, a Parkville-based manufacturer of measuring, displaying and controlling variables instruments and related products.
Merlin Solar Technologies Inc AC Industrial Technology Holdings Inc Ayala Corp's unit AC Industrial Technology Holdings Inc of the Philippines acquired a 78.2% stake in Merlin Solar Technologies Inc, a San Jose-based wholesaler for plumbing and heating equipment and supplies.
TOMCO2 Systems Co Air Water Inc Air Water Inc of Japan acquired the entire share capital of TOMCO2 Systems Co, a Loganville-based manufacturer of power boilers and heat exchangers.
Ring Inc Amazon.Com Inc Amazon.Com Inc agreed to acquire Ring Inc, a Santa Monica-based communications equipment manufacturer, for around $1 bil.
San Diego Composites inc Applied Composites Engineering Inc AC&A LLC's unit Applied Composites Engineering Inc acquired San Diego Composites Inc, a San Diego-based manufacturer and wholesaler of missle systems.
AddStructure Corp Bazaarvoice Inc Marlin Equity Partners LLC's unit Bazaarvoice Inc acquired AddStructure Corp, a Chicago-based provider of search and discovery applications for e-commerce companies.
W.E. Shone Co-Business BMC Stock Holdings Inc BMC Stock Holdings Inc plans to acquire the business of W.E. Shone Co, a Middletown-based building material dealer.
Action Fabricators Inc Boyd Corp Boyd Corp acquired Action Fabricators Inc, a Grand Rapids-based adhesives manufacturer.
Cohn & Wolfe Burson-Marsteller Inc Young & Rubicam Inc's unit Burson-Marsteller Inc acquired the remaining stake it did not already own in Cohn & Wolfe, a New York-based public relations agency, from Young & Rubicam Inc, ultimately owned by WPP PLC.
Modern Market Butterfly Equity LP Butterfly Equity LP acquired Modern Market, a farm-to-table fast casual restaurant company, via a leveraged buyout transaction.
Axom Technologies Inc By Light Professional IT Services LLC Sagewind Capital LLC's unit By Light Professional IT Services LLC plans to merge with Axom Technologies Inc, an Annapolis Junction-based provider of computer systems design services.
CalRAM Inc Carpenter Technology Corp Carpenter Technology Corp acquired CalRAM Inc, a Simi Valley-based manufacturer of fabricated structural metal products, from Midstate Berkshire, ultimately owned by Insight Equity Holdings LLC.
MHM Services Inc Centene Corp Centene Corp definitively agreed to acquire the entire share capital of MHM Services Inc, a Vienna-based blood and organ bank. The consideration would consist of a combination of cash and Centene common shares.
Poloniex LLC Circle Internet Financial Ltd Circle Internet Financial Ltd of Republic of Ireland acquired Poloniex LLC, a Boston-based internet service provider, for around $400 mil.
Xymat LLC CR3 Capital LLC CR3 Capital LLC acquired Xymat LLC, a Colorado Springs-based manufacturer of fabricated structural metal products, via a leveraged buyout transaction.
Indaba Media LLC Distributed Creation Inc Distributed Creation Inc acquired Indaba Media LLC, a New York City-based online music community.
Property Management Business Solutions Llc Dwyer Franchising LLC Dwyer Franchising LLC acquired Property Management Business Solutions LLC, a Salt Lake City-based nonresidential property manager.
B&B Roadway & Security Solutions LLC Empeiria Capital Partners LLC Empeiria Capital Partners LLC acquired B&B Roadway & Security Solutions LLC, a Russellville-based provider of security systems services, via a leveraged buyout transaction.
Sheraton Suites Plantation Everwood Hospitality Partners Everwood Hospitality Partners acquired the Sheraton Suites Fort Lauderdale Plantation, a 263-room 3-star hotel in Florida, for $24.66 million.
Clearwater Capital Partners LLC Fiera Capital Corp Fiera Capital Corp of Canada plans to acquire Clearwater Capital Partners LLC, a New York City-based provider of financial investment services, for around $21 million.
Stop Alarms Inc Frase Protection Inc Frase Protection Inc acquired Stop Alarms Inc, a Memphis-based wholesaler of electrical apparatuses and equipment.
Navistar International Corp-Railcar Operations Assets FreightCar America Inc FreightCar America Inc agreed to acquire the railcar operations assets of Navistar International Corp, a Lisle-based manufacturer of medium and heavy trucks including school buses, mid-range diesel engines and service parts.
EC Power LLC-AutoLion Battery Modeling Software Business Gamma Technologies LLC Gamma Technologies LLC acquired the Autolion battery modeling software business of EC Power LLC, a State College-based storage batteries manufacturer.
Waterford Place Greystar Real Estate Partners LLC Greystar Real Estate Partners LLC acquired Waterford Place, a 336-unit garden-style apartment community in Thornton.
Syncromatics Corp Grupo Tecnologico e Industrial GMV SA Grupo Tecnologico e Industrial GMV SA of Spain acquired the remaining 24% stake it did not already own in Syncromatics Corp, a Los Angeles-based software publisher.
Star Real Estate Co House Of Seven Gables Real Estate Inc House of Seven Gables Real Estate Inc has merged with Fountain Valley-based Star Real Estate Co.
5D Robotics Inc Humatics Corp Humatics Corp acquired 5D Robotics Inc, a Carlsbad-based software publisher.
Nanocomp Technologies Inc Huntsman Corp Huntsman Corp plans to acquire Nanocomp Technologies Inc, a Merrimack-based carbon black manufacturer.
Arcturus Telecom LLC Hylan Datacom & Electrical LLC Hylan Datacom & Electrical LLC acquired Arcturus Telecom LLC, a Dallas-based engineering services provider.
Tire & Auto Service Centers(4) Icahn Automotive Group LLC Icahn Automotive Group LLC, a unit of Icahn Enterprises LP, acquired 4 Tire & Auto Service Centers, a tire dealer.
PPI Management Inc Industrial Alliance Insurance & Financial Services Inc Industrial Alliance Insurance & Financial Services Inc plans to acquire PPI Management Inc, a direct title insurance carrier.
Western Penn Marketing LLC Integrity Marketing Group LLC Integrity Marketing Group LLC, a unit of HGGC LLC, acquired Western Penn Marketing LLC, a Mesa-based insurance agency.
Auburn Leather Co ISA TanTec Ltd ISA TanTec Ltd of Macau plans to acquire Auburn Leather Co, an Auburn-based leather goods manufacturer.
FB International Inc Italian Exhibition Group Spa Italian Exhibition Group Spa of Italy acquired a 51% stake in FB International Inc, an Oakland-based trade show organizer.
Wendy's Co-Wendy's Restaurants,Knoxville,Tennessee(34) JAE Restaurant Group JAE Restaurant Group acquired 34 Wendy's restaurants throughout Knoxville, Tennessee.
Rives & Reynolds Lumber Co Inc Jones Lumber Co Inc US LBM Holdings LLC's unit Jones Lumber Co Inc acquired Rives & Reynolds Lumber Co Inc, a Louisville-based lumber products manufacturer.
I-Human Patients Inc-Assets Kaplan Inc Kaplan Inc, a unit of Graham Holdings Co, acquired the assets of I-Human Patients Inc, a Sunnyvale-based software publisher.
Stinger Ghaffarian Technologies Inc KBR Inc KBR Inc definitively agreed to acquire Stinger Ghaffarian Technologies Inc, a Greenbelt-based provider of computer systems design services.
United Scope LLC L Squared Capital Partners L Squared Capital Partners acquired a majority interest in United Scope LLC, an Irvine-based manufacturer of analytical laboratory instruments, via a leveraged buyout transaction.
American Sentinel Insurance Co LD Investments LLC LD Investments LLC definitively agreed to acquire American Sentinel Insurance Co, a Harrisburg-based provider of insurance-related services, from Aegis Security Insurance Co, ultimately owned by K2 Insurance Services LLC.
Sally's Apizza Lineage Hospitality LLC Lineage Hospitality LLC acquired Sally's Apizza, a pizza restaurant in New Heaven.
Day Automotive Resources Inc Lithia Motors Inc Lithia Motors Inc acquired Day Automotive Resources Inc, a Monroeville-based new car dealer.
Prestige Family of Fine Cars-Marquee Stores(6) Lithia Motors Inc Lithia Motors Inc acquired 6 marquee stores of Prestige Family of Fine Cars, a Ramsey-based new car dealer.
CrossLink Professional Tax Solutions LLC LNC Partners LNC Partners acquired CrossLink Professional Tax Solutions LLC, a Tracy-based software publisher, via a leveraged buyout transaction.
Pinnacle Homes LLC M/I Homes Inc M/I Homes Inc definitively agreed to acquire Pinnacle Homes LLC, a Bloomfield Hills-based housing operative builder.
Express Oil Change LLC Mavis Tire Supply Corp Mavis Tire Supply Corp definitively agreed to acquire Express Oil Change LLC, a Birmingham-based provider of automotive repair services, from Golden Gate Capital Inc.
Ptac Inc Mollenhour Gross Llc Mollenhour Gross LLC acquired Ptac Inc, a Knoxville-based wholesaler for air-conditioning equipment and supplies.
Advani Property Management Mynd BrainPad Inc's unit Mynd of Japan acquired Advani Property Management, a San Diego-based provider of land subdivision services.
James G Lascola Insurance Services-Assets Navion Insurance Associates Inc Navion Insurance Associates Inc acquired the assets of Laguna Hills-based James G. Lascola Insurance Services.
RATEX Business Solutions Inc Nebraska Book Co Inc Neebo Inc's unit Nebraska Book Co Inc plans to acquire the entire share capital of RATEX Business Solutions Inc, a Plymouth Meeting-based provider of custom computer programming services.
Elevated Portfolio Holdings LLC NewBridge Global Ventures Inc NewBridge Global Ventures Inc plans to acquire Elevated Portfolio Holdings LLC, a provider of professional and management development training services.
Gulf Coast Pain Institute NexPhase Capital LLC NexPhase Capital LLC acquired Gulf Coast Pain Institute, a Pensacola-based provider of ambulatory health care services, via a leveraged buyout transaction.
Unium Inc Nokia Oyj Nokia OYJ of Finland plans to acquire Unium Inc, a Seattle-based software publisher.
Hexa OutboundWorks Inc OutboundWorks Inc acquired Hexa, a San Francisco-based software publisher.
Interamerican Motor Corp Parts Authority Inc Parts Authority Inc plans to acquire Interamerican Motor Corp, a Canoga Park-based wholesaler of motor vehicle supplies and parts, from AutoZone Inc.
American & Efird Global LLC Platinum Equity LLC Platinum Equity LLC definitively agreed to acquire American & Efird Inc, a Mount Holly-based thread mill operator, from KPS Capital Partners LP via a leveraged buyout transaction.
Lentz Milling Co Platinum Equity LLC Platinum Equity LLC acquired Lentz Milling Co, a Reading-based foods manufacturer, via a leveraged buyout transaction.
Highway Toll Administration LLC Platinum Equity LLC Platinum Equity LLC acquired Highway Toll Administration LLC, a Roslyn Heights-based provider of road transportation support services, via a leveraged buyout transaction.
Green Park Preferred Apartment Communities Inc Preferred Apartment Communities Inc acquired Green Park, a 310-unit Class A multifamily community in Tucker, Georgia.
REX Performance Products LLC Pregis LLC Pregis LLC acquired REX Performance Products LLC, a Marysville-based polyethylene foam manufacturer.
M I Acquisitions Inc Priority Holdings LLC Priority Holdings LLC definitively agreed to merge with M I Acquisitions Inc, a New York-based public investment vehicle listed on the NASDAQ stock exchange. The combined publicly-traded company will be known as Priority Technology Holdings Inc, which has an expected initial enterprise value of over $1 billion.
Spoutable.com Proper Media LLC Proper Media LLC acquired Spoutable.com, a San Diego-based custom computer programming services provider.
Pinnacle Rail Operations Inc Rail Management Services LLC Rail Management Services LLC acquired Pinnacle Rail Operations Inc, a McKinney-based provider of port and harbor operation services.
Booj RE/MAX LLC RE/MAX Holdings Inc's unit RE/MAX LLC acquired booj, a Denver-based real estate web development and software firm.
Hycomp Llc Saint-Gobain Performance Plastics Corp Saint-Gobain Performance Plastics Corp, a unit of the French state-owned Saint-Gobain S.A., acquired Hycomp LLC, a Cleveland-based plastics products manufacturer.
Sensor Technology Engineering Inc Santa Barbara Infrared Inc (Heico Corp) HEICO Corp's unit Santa Barbara Infrared Inc acquired an 85% stake in Sensor Technology Engineering Inc, a Goleta-based manufacturer of semiconductors and related devices.
Zorch International Inc Satori Capital LLC Satori Capital LLC acquired a majority interest in Zorch International Inc, a Chicago-based provider of brand management and promotional product management services, via a leveraged buyout transaction.
EnviroServe Savage Cos Savage Cos acquired EnviroServe, a Cleveland-based provider of hazardous waste collection services.
Dynamic Athletic Research LLC Scientific Analytics Inc Scientific Analytics Inc acquired Dynamic Athletic Research LLC, a software publisher.
Intellisense Systems Inc Shareholders Physical Optics Corp completed the spin-off of Intellisense Systems Inc, a Torrance-based company that does R&D as well as engineer, design, develop, test and produce sensor systems and optoelectronic solutions for the U.S. Government and commercial markets.
KAR Auction Services Inc-Insurance Auto Auctions Business Unit Shareholders KAR Auction Services Inc plans to spin-off its insurance auto auctions business unit to its shareholders.
Schonstedt Instrument Co SPX Corp SPX Corp acquired Schonstedt Instrument Co, a Kearneysville-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments.
Informatics Corp of America SSI Group Inc SSI Group Inc acquired Informatics Corp of America, a privately held health information technology organization based in Nashville, Tennessee.
Pre-Paid Legal Services Inc Stone Point Capital LLC Stone Point Capital LLC definitively agreed to acquire a majority interest in Pre-Paid Legal Services Inc, an Ada-based legal services provider, via a leveraged buyout transaction from MidOcean Partners LLP, ultimately owned by Ripplewood Holdings LLC.
Senior Housing Communities(3),Salt Lake City,UT Strategic Student & Senior Housing Trust Inc Strategic Student & Senior Housing Trust Inc acquired a portfolio of three senior housing communities consisting of 294 units in the greater Salt Lake City area.
Chirp Microsystems Inc TDK Corp TDK Corp of Japan acquired Chirp Microsystems Inc, a Berkeley-based wholesaler of utlrasonic sensors.
Jakes Bakes Tiffs Treats Holdings Inc Tiff's Treats Holdings Inc has merged with Jake's Bakes, a Nashville-based snack bar operator.
TMPL Gym Inc Town Sports International Holdings Inc Town Sports International Holdings Inc acquired TMPL Gym Inc, a New York City-based operator of fitness and recreational sports center.
LA Xcess Insurance Brokers Inc U.S. Risk LLC U.S. Risk LLC acquired LA Xcess Insurance Brokers Inc, a Los Angeles-based insurance agency.
Silverton Mortgage Specialists Inc Vanderbilt Mortgage & Finance Inc Berkshire Hathaway Inc's unit Vanderbilt Mortgage & Finance Inc definitively agreed to acquire Silverton Mortgage Specialists Inc, an Atlanta-based provider of credit intermediation services.
Stag Technologies Vortex Co Vortex Co acquired Stag Technologies, a Salt Lake City-based coatings manufacturer.
Mr Magazine Wainscot Media Wainscot Media agreed to acquire Mr. Magazine, a Tucker-based periodical publisher, from UBM PLC.
Strategic Crisis Advisors Llc Witt Obriens Llc Witt Obriens LLC acquired Strategic Crisis Advisors LLC, an Atlanta-based provider of administrative management and general management consulting services.
C-RAN Alliance xRAN.org Inc xRAN.org Inc has merged with C-RAN Alliance, a software publisher.
Maxsys Solutions Llc Yoh Yoh, a unit of Yoh Services LLC, acquired Maxsys Solutions LLC, a Frisco-based provider of management consulting services.
US M&A Deals Announced February 23 to March 1, 2018
Source: Thomson Reuters