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Target Acquirer Value ($millions) Synopsis
Versum Materials Inc Entegris Inc 3,834.9 Entegris Inc definitively agreed to merge with Versum Materials Inc, a Tempe-based chemical products manufacturer, for $3.835 bil via a stock swap transaction. Entegris offered 1.12 common shares per Versum share. Based on Entegris' closing stock price of $31.32 on 25 January 2019, the last full trading day prior to the announcement, each Versum share was valued at $35.078. Upon completion of the deal, Entegris and Versum shareholders will respectively own 52.5% and 47.5% of the merged entity. Originally, in January 2019, Entegris was rumored to be planning to merge with Versum.
TCF Financial Corp Chemical Financial Corp 3,599.5 Chemical Financial Corp definitively agreed to merge with TCF Financial Corp, a Wayzata-based bank holding company, for $3.599 bil via a stock swap reverse takeover transaction. Chemical Financial offered 0.5081 common share per TCF Financial share. Based on Chemical Financial's closing stock price of $42.72 on 25 January 2018, the last full trading day prior to the announcement, each TCF Financial share was valued at $21.579. Upon completion of the deal, Chemical Financial Corp and TCF Financial will respectively own 46.2% and 53.8% of the merged entity.
Tallgrass Energy GP LLC Investor Group 3,300.0 An investor group, comprising Blackstone Group LP's unit Blackstone Infrastructure Partners LP and GIC Pte Ltd, definitively agreed to acquire the entire share capital of Tallgrass Energy GP LLC, a provider of pipeline transportation services of natural gas, from Kelso & Co LP, The Energy & Minerals Group, Tallgrass KC LLC, and other shareholders for about $3.3 bil in cash. The transaction will include an estimated 44% stake in Tallgrass Energy LP.
Thermo Fisher Scientific Inc-Anatomical Pathology Business Phc Holdings Corp 1,140.0 KKR PHC Investment LP's unit PHC Holdings Corp of Japan definitively agreed to acquire the anatomical pathology business of Thermo Fisher Scientific Inc, a Waltham-based medical instruments manufacturer, for about $1.14 bil in cash.
LGS Innovations LLC CACI International Inc 750.0 CACI International Inc definitively agreed to acquire LGS Innovations LLC, a Herndon-based provider of computer systems design services, from CoVant Inc and Madison Dearborn Partners LLC for about $750 mil in cash.
Freedom Forum Inc- Newseum Johns Hopkins University 372.5 Johns Hopkins University plans to acquire the Newseum of Freedom Forum Inc, a Washington DC-based professional organization, for $372.5 mil.
Pasadena Refining System Inc Chevron USA Inc 350.0 Chevron Corp's unit Chevron USA Inc agreed to acquire the entire share capital of Pasadena Refining System Inc, a Pasadena-based petroleum refinery operator, from Petroleo Brasileiro SA Petrobras for $350 mil. The transaction would include the Pasadena refinery in Texas and PRSI Trading LLC. Previously, in January 2019, Chevron was rumored to be planning to acquire Pasadena. Originally, in May 2017, Petrobas announced that it was seeking a buyer for Pasadena.
Rockefeller Group International Inc-Industrial Distribution Building KKR & Co Inc 43.5 KKR & Co Inc acquired the industrial distribution building of Rockefeller Group International Inc, a New York-based provider of land subdivision services ultimately owned by Mitsubishi Estate Co Ltd, for $43.5 mil via a leveraged buyout transaction.
Schurz Communications Inc-Publishing Division GateHouse Media Inc 30.0 New Media Investment Group Inc's unit GateHouse Media Inc agreed to acquire the publishing division of Schurz Communications Inc, a Mishawaka-based news and information publishing company, for $30 mil.
Tres Ojos Naturals LLC Nutritional High International Inc 1.5 Nutritional High International Inc (NHI) of Canada signed a letter of intent to acquire a 51% stake in Tres Ojos Naturals LLC, a Santa Cruz-based manufacturer of cannabis infused snack products, for $1.53 mil. The consideration would consist of $0.45 mil in cash and $1.08 mil in NHI common shares. Concurrently, NHI was granted an option to acquire the remaining 49% stake it does not already own in Tres Ojos.
DOT Semiconductor Inc Dominant Opto Technologies Sdn Bhd 1.0 Dominant Opto Technologies Sdn Bhd of Malaysia, a unit of Omega Semiconductor Sdn Bhd, ultimately owned by D & O Green Technologies Bhd, acquired a 75% stake in DOT Semiconductor Inc, a San Jose-based manufacturer of semiconductors and related device, for $1 mil.
Calico Biolabs Inc Abcam PLC Abcam PLC of the UK acquired Calico Biolabs Inc, a Pleasanton-based pharmaceutical preparations manufacturer.
BioDuro LLC Advent International Corp Advent International Corp acquired a majority interest in BioDuro LLC, a San Diego-based provider of research and development services, from BridgeWest LLC via a leveraged buyout transaction.
Triumph Group Inc-Fabrications Businesses Arlington Capital Partners LP Arlington Capital Partners LP definitively agreed to acquire the fabrications businesses of Triumph Group Inc, a Berwyn-based manufacturer of aircraft engines and engine parts, via a leveraged buyout transaction.
Intellectual Technology Inc Arlington Capital Partners LP Arlington Capital Partners LP acquired Intellectual Technology Inc, a Carlsbad-based provider of computer systems design services, via a leveraged buyout transaction.
Partners Advantage Insurance Services LLC Arthur J Gallagher & Co Arthur J. Gallagher & Co acquired Partners Advantage Insurance Services LLC, a Riverside-based direct life insurance carrier. The transaction included AMZ Financial Insurance Services LLC.
T-Pro Solutions Inc Blacksmith Applications Inc Strattam Capital LLC's unit Blacksmith Applications Inc acquired T-Pro Solutions Inc, a Columbus-based software publisher.
City Dash Inc BMC Growth Fund II LLC Brixey & Meyer Capital LLC's unit BMC Growth Fund II LLC acquired City Dash Inc, a Cincinnati-based provider of local freight trucking services.
American Checked Inc Community Brands Holdings LLC Community Brands Holdings LLC acquired American Checked Inc, a Tulsa-based information services provider. Concurrently, Community Brands acquired US Information Search LLC and Shield Screening LLC.
Shield Screening LLC Community Brands Holdings LLC Community Brands Holdings LLC acquired Shield Screening LLC, a Tulsa-based investigation services provider. Concurrently, Community Brands acquired American Checked Inc and US Information Search Inc.
US Information Search Inc Community Brands Holdings LLC Community Brands Holdings LLC acquired US Information Search Inc, a Charlotte-based investigation services provider. Concurrently, Community Brands acquired American Checked Inc and Shield Screening LLC.
JN PROJECTS Inc Dropbox Inc Dropbox Inc plans to acquire JN PROJECTS Inc, a San Francisco-based software publisher.
NTT Data Corp-US Data Centers(2) GI Partners LLP Via a leveraged buyout transaction, GI Partners LLP acquired 2 US data centers of NTT Data Corp, a Koto-Ku, Tokyo-based provider of computer systems design services ultimately owned by Nippon Telegraph & Telephone Corp.
The Kissling Interests Llc-Building Portfolio(18) Gold Wynn Residential LLC Wynn Group's unit Gold Wynn Residential LLC acquired 18 properties from The Kissling Interests LLC, a Buffalo-based owner and operator of rental apartments.
MANTA Instruments Inc HORIBA Instruments Inc Horiba Ltd's unit HORIBA Instruments Inc acquired the entire share capital of MANTA Instruments Inc, a San Diego-based manufacturer of instruments for measuring, displaying and controlling variables, as well as related products.
Hivemind Refinery Innovative Properties Inc Innovative Properties Inc of Canada signed a letter of intent to acquire a 70% stake in Hivemind Refinery, a manufacturer of medicinals and botanicals.
Health Plus Management LLC Investcorp Bank BSC Investcorp Bank BSC of Bahrain acquired Health Plus Management LLC, a Uniondale-based provider of office administrative services, via a leveraged buyout transaction.
Novum Pharmaceutical Research Services Inc Lambda Therapeutic Research Ltd Lambda Therapeutic Research Ltd of India acquired Novum Pharmaceutical Research Services Inc, a Pittsburgh-based provider of research and development services.
United Communications Corp-Wisconsin Publications(2) Lee Enterprises Inc Lee Enterprises Inc plans to acquire 2 Wisconsin publications of United Communications Corp, a Kenosha-based newspaper publisher.
Jevons Property Management Mynd Management Inc Mynd Management Inc acquired Jevons Property Management, a Yakima-based lessor of real estate property.
IDI Logistics LLC Oxford Properties Group Inc BPC Properties Ltd's unit Oxford Properties Group Inc of Canada plans to acquire a 50% stake in IDI Logistics LLC, an Atlanta-based investor and builder of logistics warehouses and distribution parks throughout North America, for around $1.7 mil via the formation of a joint venture from Ivanhoe Cambridge Inc, ultimately owned by Caisse De Depot Et Placement Du Quebec.
BoldLeads Propertybase Inc Boston Logic Technology Partners Inc's unit Propertybase Inc acquired BoldLeads, a Chandler-based online platform provider.
Newgaard Mechanical Inc Pueblo Mechanical & Controls Inc Huron Capital Partners LLC's unit Pueblo Mechanical & Controls Inc acquired Newgaard Mechanical Inc, a Chandler-based contractor for plumbing, heating and air-conditioning. Concurrently, Pueblo acquired CFM Mechanical LLC.
CFM Mechanical LLC Pueblo Mechanical & Controls Inc Huron Capital Partners LLC's unit Pueblo Mechanical & Controls Inc acquired CFM Mechanical LLC, a Phoenix-based contractor for plumbing, heating and air-conditioning. Concurrently, Pueblo acquired Newgaard Mechanical Inc.
Vertical Cos-Hemp Based Cannabidiol Assets Shareholders Vertical Cos plans to spin-off its hemp-based cannabidiol assets to its shareholders.
Cedar Ridge Partners LLC Shelton Capital Management Shelton Capital Management acquired Cedar Ridge Partners LLC, a Greenwich-based provider of financial investment services.
Cabot Specialty Fluids Inc Sinomine (Hong Kong) Rare Metals Resources Ltd Sinomine Resource Exploration Co Ltd's unit Sinomine Rare Metals Resources Ltd of Hong Kong plans to acquire the entire share capital of Cabot Specialty Fluids Inc, a Dover-based intermediator, from Cabot Corp. Concurrently, Sinomine Rare Metals Resources Ltd plans to acquire Tanco and Cabot G. B.
Waugh Foods Inc Sysco Corp Sysco Corp definitively agreed to acquire Waugh Foods Inc, an East Peoria-based line grocery wholesaler.
RhythmOne PLC Taptica International Ltd Taptica International Ltd of Israel is rumored to be planning to merge with RhythmOne PLC, a San Francisco-based provider of multiscreen digital advertising solutions. According to sources, the deal is expected to be valued at around $339.716 mil.
Laundress Inc Unilever PLC Unilever PLC of the UK acquired Laundress Inc, a New York City-based sanitation goods manufacturer.
Boise Cascade Co-Moncure NC Plywood Operations Veneer Products Acquisitions LLC Veneer Products Acquisitions LLC agreed to acquire the Moncure NC plywood operations of Boise Cascade Co, a Boise-based wood products manufacturer.
Vitech Corp Zuken USA Inc Zuken Inc's unit Zuken USA Inc plans to acquire Vitech Corp, a Blacksburg-based provider of custom computer programming services.
US M&A Deals Announced January 25 to 31, 2019
Source: Thomson Reuters
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