TargetAcquirerValue ($millions)Synopsis
Versum Materials IncEntegris Inc3,834.9Entegris 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 CorpChemical Financial Corp3,599.5Chemical 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 LLCInvestor Group3,300.0An 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 BusinessPhc Holdings Corp1,140.0KKR 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 LLCCACI International Inc750.0CACI 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- NewseumJohns Hopkins University372.5Johns Hopkins University plans to acquire the Newseum of Freedom Forum Inc, a Washington DC-based professional organization, for $372.5 mil.
Pasadena Refining System IncChevron USA Inc350.0Chevron 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 BuildingKKR & Co Inc43.5KKR & 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 DivisionGateHouse Media Inc30.0New 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 LLCNutritional High International Inc1.5Nutritional 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 IncDominant Opto Technologies Sdn Bhd1.0Dominant 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 IncAbcam PLCAbcam PLC of the UK acquired Calico Biolabs Inc, a Pleasanton-based pharmaceutical preparations manufacturer.
BioDuro LLCAdvent International CorpAdvent 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 BusinessesArlington Capital Partners LPArlington 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 IncArlington Capital Partners LPArlington 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 LLCArthur J Gallagher & CoArthur 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 IncBlacksmith Applications IncStrattam Capital LLC's unit Blacksmith Applications Inc acquired T-Pro Solutions Inc, a Columbus-based software publisher.
City Dash IncBMC Growth Fund II LLCBrixey & 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 IncCommunity Brands Holdings LLCCommunity 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 LLCCommunity Brands Holdings LLCCommunity 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 IncCommunity Brands Holdings LLCCommunity 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 IncDropbox IncDropbox Inc plans to acquire JN PROJECTS Inc, a San Francisco-based software publisher.
NTT Data Corp-US Data Centers(2)GI Partners LLPVia 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 LLCWynn 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 IncHORIBA Instruments IncHoriba 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 RefineryInnovative Properties IncInnovative 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 LLCInvestcorp Bank BSCInvestcorp 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 IncLambda Therapeutic Research LtdLambda 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 IncLee Enterprises Inc plans to acquire 2 Wisconsin publications of United Communications Corp, a Kenosha-based newspaper publisher.
Jevons Property ManagementMynd Management IncMynd Management Inc acquired Jevons Property Management, a Yakima-based lessor of real estate property.
IDI Logistics LLCOxford Properties Group IncBPC 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.
BoldLeadsPropertybase IncBoston Logic Technology Partners Inc's unit Propertybase Inc acquired BoldLeads, a Chandler-based online platform provider.
Newgaard Mechanical IncPueblo Mechanical & Controls IncHuron 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 LLCPueblo Mechanical & Controls IncHuron 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 AssetsShareholdersVertical Cos plans to spin-off its hemp-based cannabidiol assets to its shareholders.
Cedar Ridge Partners LLCShelton Capital ManagementShelton Capital Management acquired Cedar Ridge Partners LLC, a Greenwich-based provider of financial investment services.
Cabot Specialty Fluids IncSinomine (Hong Kong) Rare Metals Resources LtdSinomine 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 IncSysco CorpSysco Corp definitively agreed to acquire Waugh Foods Inc, an East Peoria-based line grocery wholesaler.
RhythmOne PLCTaptica International LtdTaptica 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 IncUnilever PLCUnilever PLC of the UK acquired Laundress Inc, a New York City-based sanitation goods manufacturer.
Boise Cascade Co-Moncure NC Plywood OperationsVeneer Products Acquisitions LLCVeneer Products Acquisitions LLC agreed to acquire the Moncure NC plywood operations of Boise Cascade Co, a Boise-based wood products manufacturer.
Vitech CorpZuken USA IncZuken 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