TargetAcquirerValue ($millions)Synopsis
Microsemi CorpMicrochip Technology Inc8,098.9Microchip 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 IncGeneral Mills Inc7,926.9General 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,CACVB Financial Corp,Ontario, California878.6CVB 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 FacilityPlatinum Equity LLC520.0Platinum 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 CorpR1 RCM Inc460.0R1 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 IncHRG Group Inc374.3Harbinger 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 CorpOcwen Financial Corp358.1Ocwen 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 CorpSplunk Inc350.0Splunk 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 Inc316.0Alexander & 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 IncStellar Acquisition III Inc301.0Stellar 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,PennsylvaniaChurchill Downs Inc178.9Churchill 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 IncEnea AB90.0Enea AB of Sweden agreed to acquire Openwave Mobility Inc, a Redwood City-based software publisher, for about $90 million.
Kratos Public Safety & Security Solutions IncSecuritas Electronic Security Inc69.0Securitas 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,MississippiChurchill Downs Inc50.6Churchill 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 CoNew Ulm Telecom Inc42.0New 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 IncHeroux-Devtek Inc23.5Heroux-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 Corp15.0Entercom Communications Corp plans to acquire 2 radio stations from Emmis Communications Corp, an Indianapolis-based radio network, for $15 million.
MixOnSite USA IncCematrix Corp5.0Cematrix 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 CorpGrand Banks Yachts Ltd3.2Investindustrial 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 IncAAON IncAAON Inc acquired WattMaster Controls Inc, a Parkville-based manufacturer of measuring, displaying and controlling variables instruments and related products.
Merlin Solar Technologies IncAC Industrial Technology Holdings IncAyala 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 CoAir Water IncAir Water Inc of Japan acquired the entire share capital of TOMCO2 Systems Co, a Loganville-based manufacturer of power boilers and heat exchangers.
Ring IncAmazon.Com IncAmazon.Com Inc agreed to acquire Ring Inc, a Santa Monica-based communications equipment manufacturer, for around $1 bil.
San Diego Composites incApplied Composites Engineering IncAC&A LLC’s unit Applied Composites Engineering Inc acquired San Diego Composites Inc, a San Diego-based manufacturer and wholesaler of missle systems.
AddStructure CorpBazaarvoice IncMarlin 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-BusinessBMC Stock Holdings IncBMC Stock Holdings Inc plans to acquire the business of W.E. Shone Co, a Middletown-based building material dealer.
Action Fabricators IncBoyd CorpBoyd Corp acquired Action Fabricators Inc, a Grand Rapids-based adhesives manufacturer.
Cohn & WolfeBurson-Marsteller IncYoung & 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 MarketButterfly Equity LPButterfly Equity LP acquired Modern Market, a farm-to-table fast casual restaurant company, via a leveraged buyout transaction.
Axom Technologies IncBy Light Professional IT Services LLCSagewind 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 IncCarpenter Technology CorpCarpenter 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 IncCentene CorpCentene 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 LLCCircle Internet Financial LtdCircle Internet Financial Ltd of Republic of Ireland acquired Poloniex LLC, a Boston-based internet service provider, for around $400 mil.
Xymat LLCCR3 Capital LLCCR3 Capital LLC acquired Xymat LLC, a Colorado Springs-based manufacturer of fabricated structural metal products, via a leveraged buyout transaction.
Indaba Media LLCDistributed Creation IncDistributed Creation Inc acquired Indaba Media LLC, a New York City-based online music community.
Property Management Business Solutions LlcDwyer Franchising LLCDwyer Franchising LLC acquired Property Management Business Solutions LLC, a Salt Lake City-based nonresidential property manager.
B&B Roadway & Security Solutions LLCEmpeiria Capital Partners LLCEmpeiria 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 PlantationEverwood Hospitality PartnersEverwood Hospitality Partners acquired the Sheraton Suites Fort Lauderdale Plantation, a 263-room 3-star hotel in Florida, for $24.66 million.
Clearwater Capital Partners LLCFiera Capital CorpFiera 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 IncFrase Protection IncFrase Protection Inc acquired Stop Alarms Inc, a Memphis-based wholesaler of electrical apparatuses and equipment.
Navistar International Corp-Railcar Operations AssetsFreightCar America IncFreightCar 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 BusinessGamma Technologies LLCGamma Technologies LLC acquired the Autolion battery modeling software business of EC Power LLC, a State College-based storage batteries manufacturer.
Waterford PlaceGreystar Real Estate Partners LLCGreystar Real Estate Partners LLC acquired Waterford Place, a 336-unit garden-style apartment community in Thornton.
Syncromatics CorpGrupo Tecnologico e Industrial GMV SAGrupo 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 CoHouse Of Seven Gables Real Estate IncHouse of Seven Gables Real Estate Inc has merged with Fountain Valley-based Star Real Estate Co.
5D Robotics IncHumatics CorpHumatics Corp acquired 5D Robotics Inc, a Carlsbad-based software publisher.
Nanocomp Technologies IncHuntsman CorpHuntsman Corp plans to acquire Nanocomp Technologies Inc, a Merrimack-based carbon black manufacturer.
Arcturus Telecom LLCHylan Datacom & Electrical LLCHylan Datacom & Electrical LLC acquired Arcturus Telecom LLC, a Dallas-based engineering services provider.
Tire & Auto Service Centers(4)Icahn Automotive Group LLCIcahn Automotive Group LLC, a unit of Icahn Enterprises LP, acquired 4 Tire & Auto Service Centers, a tire dealer.
PPI Management IncIndustrial Alliance Insurance & Financial Services IncIndustrial Alliance Insurance & Financial Services Inc plans to acquire PPI Management Inc, a direct title insurance carrier.
Western Penn Marketing LLCIntegrity Marketing Group LLCIntegrity Marketing Group LLC, a unit of HGGC LLC, acquired Western Penn Marketing LLC, a Mesa-based insurance agency.
Auburn Leather CoISA TanTec LtdISA TanTec Ltd of Macau plans to acquire Auburn Leather Co, an Auburn-based leather goods manufacturer.
FB International IncItalian Exhibition Group SpaItalian 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 GroupJAE Restaurant Group acquired 34 Wendy’s restaurants throughout Knoxville, Tennessee.
Rives & Reynolds Lumber Co IncJones Lumber Co IncUS 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-AssetsKaplan IncKaplan Inc, a unit of Graham Holdings Co, acquired the assets of I-Human Patients Inc, a Sunnyvale-based software publisher.
Stinger Ghaffarian Technologies IncKBR IncKBR Inc definitively agreed to acquire Stinger Ghaffarian Technologies Inc, a Greenbelt-based provider of computer systems design services.
United Scope LLCL Squared Capital PartnersL 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 CoLD Investments LLCLD 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 ApizzaLineage Hospitality LLCLineage Hospitality LLC acquired Sally’s Apizza, a pizza restaurant in New Heaven.
Day Automotive Resources IncLithia Motors IncLithia Motors Inc acquired Day Automotive Resources Inc, a Monroeville-based new car dealer.
Prestige Family of Fine Cars-Marquee Stores(6)Lithia Motors IncLithia Motors Inc acquired 6 marquee stores of Prestige Family of Fine Cars, a Ramsey-based new car dealer.
CrossLink Professional Tax Solutions LLCLNC PartnersLNC Partners acquired CrossLink Professional Tax Solutions LLC, a Tracy-based software publisher, via a leveraged buyout transaction.
Pinnacle Homes LLCM/I Homes IncM/I Homes Inc definitively agreed to acquire Pinnacle Homes LLC, a Bloomfield Hills-based housing operative builder.
Express Oil Change LLCMavis Tire Supply CorpMavis 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 IncMollenhour Gross LlcMollenhour Gross LLC acquired Ptac Inc, a Knoxville-based wholesaler for air-conditioning equipment and supplies.
Advani Property ManagementMyndBrainPad Inc’s unit Mynd of Japan acquired Advani Property Management, a San Diego-based provider of land subdivision services.
James G Lascola Insurance Services-AssetsNavion Insurance Associates IncNavion Insurance Associates Inc acquired the assets of Laguna Hills-based James G. Lascola Insurance Services.
RATEX Business Solutions IncNebraska Book Co IncNeebo 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 LLCNewBridge Global Ventures IncNewBridge Global Ventures Inc plans to acquire Elevated Portfolio Holdings LLC, a provider of professional and management development training services.
Gulf Coast Pain InstituteNexPhase Capital LLCNexPhase Capital LLC acquired Gulf Coast Pain Institute, a Pensacola-based provider of ambulatory health care services, via a leveraged buyout transaction.
Unium IncNokia OyjNokia OYJ of Finland plans to acquire Unium Inc, a Seattle-based software publisher.
HexaOutboundWorks IncOutboundWorks Inc acquired Hexa, a San Francisco-based software publisher.
Interamerican Motor CorpParts Authority IncParts 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 LLCPlatinum Equity LLCPlatinum 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 CoPlatinum Equity LLCPlatinum Equity LLC acquired Lentz Milling Co, a Reading-based foods manufacturer, via a leveraged buyout transaction.
Highway Toll Administration LLCPlatinum Equity LLCPlatinum Equity LLC acquired Highway Toll Administration LLC, a Roslyn Heights-based provider of road transportation support services, via a leveraged buyout transaction.
Green ParkPreferred Apartment Communities IncPreferred Apartment Communities Inc acquired Green Park, a 310-unit Class A multifamily community in Tucker, Georgia.
REX Performance Products LLCPregis LLCPregis LLC acquired REX Performance Products LLC, a Marysville-based polyethylene foam manufacturer.
M I Acquisitions IncPriority Holdings LLCPriority 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.comProper Media LLCProper Media LLC acquired Spoutable.com, a San Diego-based custom computer programming services provider.
Pinnacle Rail Operations IncRail Management Services LLCRail Management Services LLC acquired Pinnacle Rail Operations Inc, a McKinney-based provider of port and harbor operation services.
BoojRE/MAX LLCRE/MAX Holdings Inc’s unit RE/MAX LLC acquired booj, a Denver-based real estate web development and software firm.
Hycomp LlcSaint-Gobain Performance Plastics CorpSaint-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 IncSanta 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 IncSatori Capital LLCSatori 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.
EnviroServeSavage CosSavage Cos acquired EnviroServe, a Cleveland-based provider of hazardous waste collection services.
Dynamic Athletic Research LLCScientific Analytics IncScientific Analytics Inc acquired Dynamic Athletic Research LLC, a software publisher.
Intellisense Systems IncShareholdersPhysical 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 UnitShareholdersKAR Auction Services Inc plans to spin-off its insurance auto auctions business unit to its shareholders.
Schonstedt Instrument CoSPX CorpSPX Corp acquired Schonstedt Instrument Co, a Kearneysville-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments.
Informatics Corp of AmericaSSI Group IncSSI Group Inc acquired Informatics Corp of America, a privately held health information technology organization based in Nashville, Tennessee.
Pre-Paid Legal Services IncStone Point Capital LLCStone 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,UTStrategic Student & Senior Housing Trust IncStrategic 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 IncTDK CorpTDK Corp of Japan acquired Chirp Microsystems Inc, a Berkeley-based wholesaler of utlrasonic sensors.
Jakes BakesTiffs Treats Holdings IncTiff’s Treats Holdings Inc has merged with Jake’s Bakes, a Nashville-based snack bar operator.
TMPL Gym IncTown Sports International Holdings IncTown Sports International Holdings Inc acquired TMPL Gym Inc, a New York City-based operator of fitness and recreational sports center.
LA Xcess Insurance Brokers IncU.S. Risk LLCU.S. Risk LLC acquired LA Xcess Insurance Brokers Inc, a Los Angeles-based insurance agency.
Silverton Mortgage Specialists IncVanderbilt Mortgage & Finance IncBerkshire 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 TechnologiesVortex CoVortex Co acquired Stag Technologies, a Salt Lake City-based coatings manufacturer.
Mr MagazineWainscot MediaWainscot Media agreed to acquire Mr. Magazine, a Tucker-based periodical publisher, from UBM PLC.
Strategic Crisis Advisors LlcWitt Obriens LlcWitt Obriens LLC acquired Strategic Crisis Advisors LLC, an Atlanta-based provider of administrative management and general management consulting services.
C-RAN AlliancexRAN.org IncxRAN.org Inc has merged with C-RAN Alliance, a software publisher.
Maxsys Solutions LlcYohYoh, 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