TargetAcquirerValue ($millions)Synopsis
Oasis Outsourcing IncPaychex Inc1,200.0Paychex Inc definitively agreed to acquire the entire share capital of Oasis Outsourcing Inc, a West Palm Beach-based provider of human resources and executive search consulting services, from Stone Point Capital LLC for an estimated $1.2 billion in cash.
National Commerce CorpCenterState Bank Corp834.8CenterState Bank Corp definitively agreed to acquire the entire share capital of National Commerce Corp, a Birmingham-based commercial bank, for $834.825 million via a stock swap transaction. CenterState offered 1.65 common shares per National share. Based on CenterState's closing stock price of $24.25 on 23 November 23 2018, the last full trading day prior to the announcement, each National Commerce share was valued at $40.013.
Emera Inc-Gas Fired Generation Facilities,New England(3)The Carlyle Group LP590.0The Carlyle Group LP agreed to acquire 3 gas fired generation facilities in New England from Emera Inc, a Halifax-based electric power distributor, for $590 million via a leveraged buyout transaction.
SSI Controls TechnologiesAmphenol Corp400.0Amphenol Corp definitively agreed to acquire SSI Controls Technologies, a Janesville-based manufacturer of electronic components, from SSI Technologies Inc for an estimated $400 million.
Us Oil & Refining CoPar Pacific Holdings Inc360.2Par Pacific Holdings Inc definitively agreed to acquire the entire share capital of US Oil & Refining Co, a Tacoma-based petroleum refinery operator, for $360.215 million from Astra Holding USA Inc, owned by Compagnie Nationale a Portefeuille SA. The consideration will consist of $321 million cash and issuance of 2.364 million common shares valued at $39.215. The shares were valued at closing stock price of $16. 59 on 26 November 2018, the last full trading day prior to the announcement.
BSB Bancorp Inc,Belmont,MAPeople's United Financial Inc326.3People's United Financial Inc (PBCT) agreed to acquire the entire share capital of BSB Bancorp Inc (BLMT), a Belmont-based provider of commercial banking services, for an estimated $326.254 million via a stock swap transaction. PBCT offered 2 PBCT common shares for every BLMT common share held. The shares were valued based on PBCT's closing stock price of $16.21 on 26 November 2018, the last full trading day prior to the announcement.
Linetec Services LLCCenturi Construction Group Inc299.0Centuri Construction Group Inc agreed to acquire an 80% interest in Linetec Services LLC, an Alexandria-based electrical contractor, for an estimated $299 mil.
SiriusDecisions IncForrester Research Inc245.0Forrester Research Inc definitively agreed to acquire the entire share capital of SiriusDecisions Inc, a Wilton-based provider of marketing research and opinion polling services, for an estimated $245 million in cash.
Primal Nutrition LLCKraft Heinz Co200.0Kraft Heinz Co definitively agreed to acquire Primal Nutrition LLC, an Oxnard-based manufacturer of perishable prepared foods, for an estimated $200 mil.
Spectro Scientific IncAmetek Inc190.0Ametek Inc acquired Spectro Scientific Inc, a Chelmsford-based manufacturer of measuring, displaying and controlling variables instruments and related products, from SFW Capital Partners LLC for an estimated $190 mil.
Periscope IncQuad/Graphics Inc132.5Quad/Graphics Inc planned to acquire Periscope Inc, a Minneapolis-based advertising agency, from Twitter Inc for $132.5 mil.
Gaming Partners International CorpAngel Holdings Godo Kaisha110.5Angel Holdings Godo Kaisha of Japan agreed to acquire the remaining stake it does not already own in Gaming Partners International Corp, a Las Vegas-based manufacturer of toys, for $13.75 in cash per share or a total of $110.549 million in cash.
Glen-Gery Corp(Ibstock Johnsen PLC/CRH PLC)Brickworks Ltd110.0Brickworks Ltd of Australia agreed to acquire Glen-Gery Corp, a Reading-based manufacturer of bricks and structural clay tiles, for $110 million from Ibstock Brick Ltd, owned by Bain Capital Private Equity (Europe) LLP.
First Beeville Financial CorpSpirit of Texas Bancshares Inc63.7Spirit of Texas Bancshares Inc definitively agreed to acquire First Beeville Financial Corp, a Beech Grove-based bank holding company, for $63.685 million. The consideration will consist of $32.4 million in cash and 1. 579 million common shares valued at $31.285 million. The shares were valued based on Spirit's closing stock price of $19.81 on 26 November 2018, the last full trading day prior to the announcement.
Appmark Inc-Application Monitoring & Benchmarking Platform AssetsFogchain Corp0.1Fogchain Corp of Canada agreed to acquire application monitoring & benchmarking platform assets of Appmark Inc, a Santa Clara-based software publisher, for $0.146 million. The consideration will consist of $0.04 million cash and issuance of 1 million common shares valued at $0.106 million. The shares were valued at closing stock price of $0.106 on 26 November 2018, the last full trading day prior to the announcement.
Blue Tire Holdings LLC-Real Estate AssetsAcreage Holdings IncAcreage Holdings Inc agreed to acquire real estate assets of Blue Tire Holdings LLC, an intermediator.
Taylor Consulting & Contracting LLCAlbireo Energy LLCAlbireo Energy LLC, a unit of Huron Capital Partners LLC, acquired Taylor Consulting & Contracting LLC, an Avoca-based provider of technical consulting services.
FleetPride IncAmerican Securities LLCAmerican Securities LLC is rumored to be planning to acquire FleetPride Inc, an Irving-based wholesaler of heavy-duty truck and trailer replacement parts, from TPG Capital LP via a leveraged buyout transaction.
X4 Pharmaceuticals IncArsanis IncArsanis Inc definitively agreed to merge with X4 Pharmaceuticals Inc, a Cambridge-based manufacturer of pharmaceutical preparation, via a reverse takeover transaction. Upon completion of the deal, Arsanis and X4 will respectively own 30.3% and 69.7% of the merged entity, which will be renamed as X4 Pharmaceuticals.
Comic Blitz LLCCinedigm CorpCinedigm Corp, a unit of Bison Entertainment Investment Ltd, agreed to acquire Comic Blitz LLC, a Los Angeles-based internet portal operator.
Elev8 Brands IncCreditorsElev8 Brands Inc, a Viera-based apparel cutting and sewing contractor, a unit Hartman Group, plans a debt restructuring transaction with creditors. Creditors will receive common shares in exchange for outstanding debt. Upon completion of the deal, creditors will hold an undisclosed interest in the restructured Elev8. The book value of the existing debt to be exchanged under the deal amounts to $0.020 mil.
Capital Product Partners LP-Crude & Product Tanker BusinessDSS Holdings LPDSS Holdings LP definitively agreed to merge with the crude & product tanker business of Capital Product Partners LP (CPLP), a Piraeus-based provider of deep sea freight transportation services, via a reverse takeover transaction. Upon completion of the reverse merger, DSS and CPLP will respectively own 67% and 33% of the merged entity, which will be renamed as Diamond S Shipping Inc.
Apex Microtechnology IncHEICO CorpHEICO Corp acquired a 93% interest in Apex Microtechnology Inc, a Tucson- based manufacturer of integrated circuits.
BlueData Software IncHewlett Packard Enterprise CoHewlett Packard Enterprise Co definitively agreed to acquire BlueData Software Inc, a Santa Clara-based software publisher.
Resource Alliance LLCHigginbotham Insurance Group IncHigginbotham Insurance Group Inc, a unit of HGGC LLC, definitively agreed to acquire Resource Alliance LLC, an Alpharetta-based provider of human resources and executive search consulting services.
Scott Riddle AgencyIntegrity Marketing Group LLCIntegrity Marketing Group LLC, a unit of HGGC LLC, definitively agreed to acquire Scott Riddle Agency, a Waco-based direct life insurance carrier.
Bethesda Radiology AssociatesMednax IncMednax Inc acquired Bethesda Radiology Associates, a Boynton Beach-based owner and operator of a radiology practice.
FM Systems LLCNelnet Business SolutionsNelnet Business Solutions, a unit of Nelnet Inc, acquired the remaining stake it did not already own in FM Systems LLC, a Warwick-based provider of business support services, from First Marblehead Corp, now Cognition Financial Corp.
Pollock PackagingOrora LtdOrora Ltd of Australia acquired Pollock Packaging, a Grand Prairie-based manufacturer of paper packing products, from Pollock Investments Inc.
Temkin International IncPPC Flexible Packaging LLCPPC Flexible Packaging LLC acquired Temkin International Inc, a Payson-based manufacturer of packaging products.
Boyce & Bynum Pathology Laboratories-Clinical laboratory services businessQuest Diagnostics IncQuest Diagnostics Inc definitively agreed to acquire the clinical laboratory services business of Boyce & Bynum Pathology Laboratories, a Columbia-based medical laboratory operator.
Hilliard Lyons IncRobert W Baird & Co IncRobert W Baird & Co Inc definitively agreed to merge with Hilliard Lyons Inc, a Louisville-based investment bank, from Houchens Industries Inc.
Otis Elevator CoShareholdersUnited Technologies Corp (UTC) plans to spin off Otis Elevator Co, a Palm Beach Gardens-based manufacturer of elevators, escalators and moving walkways, to its shareholders. Concurrently, UTC plans to spin off UTC Climate, Controls & Security.
UTC Climate Controls & SecurityShareholdersUnited Technologies Corp (UTC) plans to spin off UTC Climate Controls & Security, a Jupiter-based manufacturer of air-conditioning equipment, to its shareholders. Upon completion of the deal, UTC Climate will be renamed as Carrier. Concurrently, UTC plans to spin off Otis Elevator Co.
Majestic Holdco LLCSpectacle Entertainment LLCSpectacle Entertainment LLC plans to merge with Majestic Holdco LLC, a Las Vegas-based owner and operator of casino resorts.
BridgePoint Group LLC-Retirement Services BusinessTata Consultancy Services LtdTata Consultancy Services Ltd of India, a unit of Tata Sons Ltd, acquired retirement services business of BridgePoint Group LLC, a Mumbai-based internet service provider.
AquaMed Technologies IncTO Pharmaceuticals LLCTO Pharmaceuticals LLC plans to merge with AquaMed Technologies Inc, a Langhorne-based manufacturer of hydrogel products, from Alliqua BioMedical Inc. Upon completion of the deal, the combined entity will be named as TO Pharma.
Response Ortho LLCWishbone Medical IncWishbone Medical Inc acquired Response Ortho LLC, an Edgewater-based provider of ambulatory health care services.
US M&A Deals Announced November 23 to 29, 2018
Source: Thomson Reuters