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Target Acquirer Value ($millions) Synopsis
Williams Partners LP The Williams Cos Inc 10,468.0 The Williams Cos Inc (WMB) agreed to acquire the remaining 26.735% stake or 256 million common units it does not already own in Williams Partners LP (WPZ), a Tulsa-based natural gas distributor, via a stock swap transaction valued at $10.468 billion. WMB offered 1.494 common unit per 1 WPZ unit. Based on WMB's closing stock price $27.37 on 16 May 2018, the last full trading day prior to the announcement, each WPZ unit was valued at $40.891.
Spectra Energy Partners LP Enbridge Inc 2,710.7 Enbridge Inc of Canada plans to acquire the remaining stake it does not already own in Spectra Energy Partners LP, a Houston-based pipeline transportation services of natural gas, via a stock swap transaction valued at $2.711 bil, via an unsolicited offer. Enbridge offered 1.012 common shares for each Spectra common share not owned. Based on Enbridge's closing stock price of $32.697 on 16 May 2018, the last full trading day prior to the announcement, each Spectra common shares were valued at $33.099. Concurrently, Enbridge plans to acquire the remaining stake it does not already own in Enbridge Energy Partners LP, Enbridge Energy Management LLC, and Enbridge Income Fund Holdings Inc.
Enbridge Energy Partners LP Enbridge Inc 2,174.3 Through an unsolicited offer, Enbridge Inc of Canada plans to acquire the remaining 66.058% interest or 215.69 million common units it does not already own in Enbridge Energy Partners LP (EEP), a Houston-based provider of pipeline transportation services of crude oil, for $2.174 billion via a stock swap transaction. Enbridge offered 0.3083 Enbridge ordinary share per 1 EEP common unit. Based on Enbridge's closing stock price of $32.697 on 16 May 2018, the last full trading day prior to the announcement, each EEP share was valued at $10.081. Concurrently, Enbridge plans to acquire the remaining stake it does not already own in Spectra Energy Partners LP, Enbridge Energy Management LLC, and Enbridge Income Fund Holdings Inc.
Abaxis Inc Zoetis Inc 1,994.4 Zoetis Inc definitively agreed to acquire the entire share capital of Abaxis Inc, a Union City-based manufacturer of analytical laboratory instruments, for $83 in cash per share or a total of $1.994 bil.
State Bank Financial Corp Cadence Bancorp 1,371.6 Cadence Bancorp definitively agreed to merge with State Bank Financial Corp, an Atlanta-based bank holding company, for $1.372 billion via a stock swap transaction. Cadence offered 1.16 common share per State Bank share. Based on Cadence's closing stock price of $30.23 on 11 May 2018, the last full trading day prior to the announcement, each State Bank share was valued at $35.067. Upon completion of the deal, Cadence and State Bank will respectively own 65% and 35% of the merged entity.
Enbridge Energy Management LLC Enbridge Inc 763.7 Via an unsolicited offer, Enbridge Inc of Canada plans to acquire the remaining stake it does not already own in Enbridge Energy Management LLC (EEQ), a Houston-based producer of crude petroleum and natural gas, via a stock swap transaction valued at $763.694 million. Enbridge offered 0.2887 common share per EEQ common share held. Based on Enbridge's closing stock price of $32.697 on 16 May 2018, the last full trading day prior to the announcement of the transaction, each EEQ share was valued at $9.44. The transaction would be conditioned upon the completion of Enbridge acquisition of the remaining stake it does not already own in Enbridge Energy Partners LP (EEP). Concurrently, Enbridge plans to acquire the remaining stake it does not already own in Enbridge Income Fund Holdings Inc and EEP and Spectra Energy Partners LP.
Harrison Street Real Estate Capital LLC Colliers International Group Inc 550.0 Colliers International Group Inc of Canada agreed to acquire a 75% stake in Harrison Street Real Estate Capital LLC, a Chicago-based lessor of real estate property, for $550 million. The consideration will consist of $450 million plus up to $100 million in profit-related payment.
Cheniere Energy Partners LP Holdings LLC Cheniere Energy Inc 529.3 Cheniere Energy Inc plans to acquire the remaining 8.09% stake it does not already own in Cheniere Energy Partners LP Holdings LLC, a Houston-based natural gas distributor, for $529.34 million via a stock swap transaction and an unsolicited offer. Cheniere offered 0.45 Cheniere common shares per Cheniere Partners common share. Based on Cheniere's closing stock price of $62. 75 on 16 May 2018, the last full trading day prior to the announcement, each Cheniere Partners share was valued at $28.238.
Stemedica Cell Technologies Inc Zhuhai Hengqin Jiuzhitang Yonghe Qihang Investment Partnership Enterprise LP 70.0 Zhuhai Hengqin Jiuzhitang Yonghe Qihang Investment Partnership Enterprise LP of China plans to acquire a 51% stake in Stemedica Cell Technologies Inc, a San Diego-based biological products manufacturer, for $70 million.
Asset Portfolio(3) Investor Group 34.7 An investor group, comprising Trevian Capital and Crown Properties Inc, acquired a portfolio of three garden-style multifamily properties totaling 407 units in Elgin, Illinois; Madison, Wisconsin; and Chesterton, Indiana for a total of $34.65 million. .
Residence Inn by Marriott Tampa Downtown Noble Investment Group LLC 24.0 Noble Investment Group LLC acquired Residence Inn by Marriott Tampa Downtown, a 3-star hotel featuring 109 studios, one and two-bedroom suites in Tampa, for $24 mil.
Ovation Credit Services Inc LendingTree Inc 20.8 LendingTree Inc plans to acquire Ovation Credit Services Inc, a Jacksonville-based provider of management consulting services, for $20.75 mil.
True North Consulting LLC GSE Systems Inc 9.8 GSE Systems Inc acquired True North Consulting LLC, a Montrose-based support services provider, for $9.75 mil.
MarianaIQ 8x8 Inc 8x8 Inc acquired MarianaIQ, a San Francisco-based provider of professional and management development training services.
JVP Engineers Ameresco Inc Ameresco Inc acquired JVP Engineers, a provider of engineering services.
Simex Inc American Retail Group Inc American Retail Group Inc acquired Simex Inc, a Las Vegas-based provider of business support services.
Amherst Capital Management LLC Amherst Holdings LLC Amherst Holdings LLC plans to acquire the remaining stake it does not already own in Amherst Capital Management LLC, a New York City-based lessor of real estate property, from Bank of New York Mellon Corp and Texas Treasury Safekeeping Trust Co via a stock swap transaction.
Green Frog Products Inc Apple Rush Co Inc Livewire Ergogenics Inc's unit Apple Rush Co Inc acquired Green Frog Products Inc, a certified accounting firm.
Briteside Holdings LLC Baker Technologies Baker Technologies plans to merge with Briteside Holdings LLC, a Bend-based provider of ambulatory health care services. Concurrently, Baker Technologies plans to merge with Sea Hunter and Sante Veritas Holdings Inc.
Sea Hunter Baker Technologies Baker Technologies plans to merge with Sea Hunter, a Boston-based provider of crop production services. Concurrently, Baker Technologies plans to merge with Briteside Holdings LLC and Sante Veritas Holdings Inc.
Louis Wohl & Sons Inc BJ Beltram Inc BJ Beltram Inc acquired Louis Wohl & Sons Inc, a Tampa-based wholesaler of commercial equipment.
Automotive Development Group LLC Brown & Brown of Kentucky Inc Brown & Brown Inc's unit Brown & Brown of Kentucky Inc acquired Automotive Development Group LLC, a Bloomington-based insurance agency, from APCO Holdings Inc.
Carolina Beverage Corp Brynwood Partners LP Brynwood Partners LP acquired Carolina Beverage Corp, a Salisbury-based soft drinks manufacturer, via a leveraged buyout transaction.
VKidz Holdings Inc Cambium Learning Group Inc Cambium Learning Group Inc plans to acquire VKidz Holdings Inc, a Fort Lauderdale-based provider of educational support services.
Rockport Co LLC CB Marathon Opco LLC CB Marathon Opco LLC plans to acquire Rockport Co LLC, a Canton-based leather goods manufacturer.
Stretch Internet CE Holdco LLC CE Holdco LLC acquired Stretch Internet, a Gilbert-based streaming provider in the U.S. collegiate athletic space.
ASHLEY BANCSTOCK CO Century Next Financial Corp Century Next Financial Corp definitively agreed to merge with ASHLEY BANCSTOCK CO, a Crossett-based commercial bank, for around $12.8 mil.
Rockport Group Holdings LLC Charlesbank Capital Partners LLC Charlesbank Capital Partners LLC plans to acquire Rockport Group Holdings LLC, a Belmont-based men's footwear manufacturer, via a leveraged buyout transaction.
Clover M Enterprises LLC Coin Acceptors Inc Suzo-Happ Group's unit Coin Acceptors Inc acquired Clover M Enterprises LLC, a Washington-based manufacturer of motor vehicle bodies.
Scruggs Co Construction Partners Inc Construction Partners Inc acquired Scruggs Co, a privately-owned civil infrastructure company in Hahira.
Source One Management Services LLC Corcentric LLC AmeriQuest Transportation & Logistics Resources Corp's unit Corcentric LLC acquired Source One Management Services LLC, a Willow Grove-based provider of logistics consulting services.
LinkEHR LLC Cumberland Consulting Group LLC Tailwind Capital Partners LP's unit Cumberland Consulting Group LLC acquired LinkEHR LLC, a Madison-based provider of ambulatory health care services.
Lakeside Poultry Ranch Inc Dawn Food Products Inc Dawn Food Products Inc agreed to acquire Lakeside Poultry Ranch Inc, a Lakeside-based bakery supplies producer.
Medical Enterprises Distribution LLC DePuy Synthes Cos Johnson & Johnson's unit DePuy Synthes Cos plans to acquire Medical Enterprises Distribution LLC, a Norcross-based manufacturer of surgical appliance and supplies.
TalkIQ Inc Dialpad Inc Dialpad Inc acquired TalkIQ Inc, a San Francisco-based provider of conversation intelligence platform.
Proforged LLC Drake Automotive Group Inc Drake Automotive Group Inc acquired Proforged LLC, a Wayne-based wholesaler of motor vehicle supplies and parts.
Aptaris LLC dunnhumby Ltd Tesco PLC's unit Dunnhumby Ltd of the UK acquired Aptaris LLC, a Tampa-based software publisher.
Richardson & Stout Insurance Evans Agency LLC Evans Agency LLC, a unit of Evans Bancorp Inc, plans to acquire Wellsville-based Richardson & Stout Insurance.
Ohio Diesel Fleet Supply Inc FleetPride Inc TPG Capital LP's unit FleetPride Inc acquired Ohio Diesel Fleet Supply Inc, a Youngstown-based wholesaler of used motor vehicle parts.
Nettie Becker Escrow Glen Oaks Escrow Glen Oaks Escrow plans to acquire Nettie Becker Escrow, an Encino-based real estate agency.
Plexxi Inc Hewlett Packard Enterprise Co Hewlett Packard Enterprise Co agreed to acquire Plexxi Inc, a Nashua-based provider of services related to software-defined data fabric networking technology.
Edico Genome Corp Illumina Inc Illumina Inc acquired Edico Genome Corp, a San Diego-based provider of data analysis acceleration services for next-generation sequencing (NGS).
Impact Sales Associates LLC Impact Group CI Capital Partners LLC's unit Impact Group acquired Impact Sales Associates LLC, a Waukesha-based line grocery wholesaler.
Gulf Coast Paper Co Inc Imperial Dade Imperial Dade acquired Gulf Coast Paper Co Inc, a Victoria-based paper wholesaler.
Amc Inc International Market Centers Lp International Market Centers LP plans to acquire the entire share capital of Amc Inc, an operator of gift and novelty store.
Kleen Energy Systems LLC Investor Group An investor group, comprising The Chugoku Electric Power Co Inc, Kyushu Electric Power Co Inc, Osaka Gas Co Ltd and Sojitz Corp, acquired a majority interest in Kleen Energy Systems LLC, a Middletown-based electric power generation facility operator, from Ares EIF Management LLC, owned by Ares Management LLC.
Blue Bell Surgery Center LLC Investor Group An investor group acquired Blue Bell Surgery Center LLC, a Plymouth Meeting-based medical firm.
Source Code Corp JMC Capital Partners LLC JMC Capital Partners LLC acquired Source Code Corp, a Waltham-based provider of financial investment services, via a leveraged buyout transaction.
Asset Portfolio(4) Kairoi Residential Kairoi Residential, a San Antonio-based multifamily development and management firm, has acquired a portfolio of four multifamily properties totaling 1,210 units in the greater San Antonio area. Three of the communities are located near the South Texas Medical Center and USAA’s headquarters on the city’s northwest side. The fourth community is located adjacent to Lackland Air Force Base on the city’s southwest side.
Global Equipment Services & MFG Inc. Kimball Electronics Inc Kimball Electronics Inc plans to acquire Global Equipment Services & MFG Inc., a San Jose-based manufacturer of semiconductors and related device.
Senneca Holdings Inc Kohlberg & Co LLC Kohlberg & Co LLC acquired Senneca Holdings Inc, a Cincinnati-based manufacturer of wood windows and doors, from Audax Group LP via a leveraged buyout transaction.
Waitr Inc Landcadia Holdings Inc Landcadia Holdings Inc definitively agreed to merge with Waitr Inc, a Lake Charles-based software publisher.
Access Confidential LLC List Partners LLC List Partners LLC acquired Access Confidential LLC, a Boca Raton-based provider of engineering services.
J Tech Sales LLC Maroon Group LLC Maroon Group LLC, a unit of CI Capital Partners LLC, acquired J Tech Sales LLC, a Boca Raton-based wholesaler of chemical and allied products.
SWS Environmental Service Inc National Response Corp NRC US Holding Company LLC's unit National Response Corp acquired SWS Environmental Service Inc, a Cincinnati-based remediation services provider.
Datascience Inc Oracle Corp Oracle Corp plans to acquire Datascience Inc., a Culver City-based software publisher.
FanDuel Inc Paddy Power Betfair PLC Ireland's Paddy Power Betfair PLC plans to merge with FanDuel Inc, a New York City-based online fantasy sports platform.
3WIRE GROUP INC Parts Town LLC Berkshire Partners LLC's unit Parts Town LLC acquired 3WIRE GROUP INC, an Osseo-based retailer of automotive parts and accessories.
Spencer Dermatology Associates Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired Spencer Dermatology Associates, a Crawfordsville-based medical firm.
Media Fusion Inc Poach Band Of Creek Indians Poach Band of Creek Indians acquired Media Fusion Inc, a Huntsville-based wired telecommunications carrier.
Austin Motor Mile Collision ProCare Automotive LLC ProCare Automotive LLC, a unit of Kinderhook Industries LLC, acquired Austin Motor Mile Collision, an Austin-based provider of automotive repair services.
The Macaluso Group LLC PSKW LLC PSKW LLC acquired The Macaluso Group LLC, a Fairfield-based provider of online pharmacy benefits and patient assistance programs.
Afora Quip LLC Quip LLC acquired Afora, a New York-based dental insurance company.
Relationedge LLC Rackspace US Inc Rackspace Hosting Inc's unit Rackspace US Inc acquired RelationEdge LLC, a San Diego-based engineering services provider.
Costello Benefits Group Inc Risk Strategies Co Inc Kelso & Co's unit Risk Strategies Co Inc acquired Costello Benefits Group Inc, a Woburn-based provider of management consulting services.
Bartlett & Co Savage Cos Savage Cos plans to acquire the entire share capital of Bartlett & Co, a Kansas-based wholesaler of grains and field beans.
First Choice Insurance Agency Inc Seeman Holtz Property & Casualty Inc Seeman Holtz Property & Casualty Inc acquired Poplar Bluff-based First Choice Insurance Agency Inc.
Affiliated Insurance Managers Inc Seeman Holtz Property & Casualty Inc Seeman Holtz Property & Casualty Inc acquired Affiliated Insurance Managers Inc, an insurance agency.
Matrix Composites Inc Skaps Industries Skaps Industries plans to acquire Matrix Composites Inc, a Henderson-based broadwoven fabric mill operator.
Wilson Legal Solutions Inc Stanton Allen Ltd Stanton Allen Ltd of the UK plans to acquire the entire share capital of Wilson Legal Solutions Inc, a Newtown Square-based software reproducer.
Heartland Steel Dynamics Inc Steel Dynamics Inc plans to acquire Heartland, a manufacturer of special tools and fixtures, for around $400 mil.
Marker Therapeutics Inc TapImmune Inc TapImmune Inc definitively agreed to team up with Marker Therapeutics Inc, a Dallas-based clinical stage immuno-oncology company, via a merger of equals.
Mavrx Inc Taranis Resources Inc Taranis Resources Inc acquired Mavrx Inc, a San Francisco-based provider of research and development services.
LuminCARE TED Ventures LLC TED Ventures LLC acquired LuminCARE, a Flower Mound-based physician's office operator.
Clarus Glassboards LLC The Riverside Co The Riverside Co acquired Clarus Glassboards LLC, a Fort Worth-based manufacturer of glassboards and other glass writing surfaces, from Bertram Capital Management LLC via a leveraged buyout transaction.
SafetyServe TransForce Inc TransForce Inc, a unit of Palladium Equity Partners LLC, acquired SafetyServe, a government establishment that provides safety training.
Healthspan Medical Systems Inc TurnKey Capital Inc TurnKey Capital Inc plans to acquire Healthspan Medical Systems Inc, a Fort Lauderdale-based wholesaler of medical equipment and supplies.
LoveLife Cos Upper Street Marketing Inc Upper Street Marketing Inc acquired LoveLife Cos, a provider of personal services.
Midwest Lumber Inc US Lumber Group LLC Madison Dearborn Partners LLC's unit US Lumber Group LLC plans to acquire Midwest Lumber Inc, a Stillwater-based millwork wholesaler.
Pen-Cal Administrators Inc Voya Financial Inc Voya Financial Inc agreed to acquire Pen-Cal Administrators Inc, a Livermore-based health and welfare fund.
UV Flu Technologies Inc Vystar Corp Vystar Corp acquired UV Flu Technologies Inc, a Yarmouthport-based manufacturer of commercial and service industry machinery. According to sources, the deal is expected to be valued at around $0.975 mil.
Athenium Inc Weather Analytics LLC Weather Analytics LLC acquired Athenium Inc, a software publisher.
New Star Communications International Inc Xcite Satellite LLC Xcite Satellite LLC plans to acquire the entire share capital of New Star Communications International Inc, a Lindon-based wired telecommunications carrier.
US M&A Deals Announced May 11 to 17, 2018
Source: Thomson Reuters