TargetAcquirerValue ($millions)Synopsis
Scana CorpDominion Energy Inc7,659.5Dominion Energy Inc agreed to acquire the entire share capital of Scana Corp, a Cayce-based electric power distributor, via a stock swap transaction valued at $7.66 billion. Dominion offered 0.669 common shares per Scana share. Based on Dominion’s closing stock price of $80.28 on 02 January 2018, the last full trading day prior to the announcement, each Scana share was valued at $53.707.
Westinghouse Electric Co LLCBrookfield Business Partners LP4,600.0Brookfield Asset Management Inc’s unit Brookfield Business Partners LP of Canada agreed to acquire the bankrupt Westinghouse Electric Co LLC, a Cranberry Township-based operator of nuclear electric power generation facility, from TOSHIBA Corp, for about $4.6 billion. Originally, in March 2017, TOSHIBA announced that it was seeking a buyer for Westinghouse. Korea Electric Power Corp, Blackstone Group LP, Apollo Global Management LLC and Cerberus Capital Management LP were named as potential bidders.
US Student Housing PortfolioScion Student Communities LP1,100.0Scion Student Communities LP, jointly owned by the Canadian state-owned Canada Pension Plan Investment Board (CPPIB), Singapore state-owned GIC Private Ltd and The Scion Group LLC, acquired a portfolio of 24 student housing in the US for a total of US$1.1 billion. CCPIB and GIC each owns 45% of the portfolio, while Scion holds the remaining 10%.
Gerdau SA-US Rebar Fabrication FacilitiesCommercial Metals Co600.0Commercial Metals Co (CMC) definitively agreed to acquire the US rebar fabrication facilities of Gerdau SA, a Porto Alegre-based steel mill operator ultimately owned by Metalurgica Gerdau SA, for $600 million. The acquisition would include steel mills in Knoxville, Tennessee; Jacksonville, Florida; Sayreville, New Jersey and Rancho Cucamonga, California. Originally, in October 2017, CMC was rumored to be planning to acquire the rebar fabrication facilities of Gerdau.
Star2Star Communications LLCBlueface Ltd500.0Ireland’s Blueface Ltd has merged with Star2Star Communications LLC, a Sarasota-based software publisher, for $500 million. Upon completion of the deal, the merged entity will be known as StarBlue Inc.
Archrock Partners LPArchrock Inc444.3Archrock Inc agreed to acquire the remaining 43% stake it does not already own in Archrock Partners LP, a Canton-based pipeline transportation services of natural gas, for $444.341 million via a stock swap transaction. Archrock offered 1.4 common shares per Archrock Partners share. Based on Archrock’s closing stock price of $15.08 on 29 December 2017, the last full trading day prior to the announcement, each Archrock Partners share was valued at $14.7.
Weatherford International PLC-North America Land Hydraulic Fracturing Pressure Pumping Assets,Multistage Completions & Pump-Down Perforating BusinessSchlumberger Ltd430.0Schlumberger Ltd acquired the land hydraulic fracturing pressure pumping assets, multistage completions & pump down perforating business of Weatherford International PLC, a Houston-based manufacturer of oil and gas field machinery and equipment, for $430 million in cash.
Global Energy Ventures Ltd-US AssetsViceroy Petroluem LP341.0Viceroy Petroleum LP acquired the US assets of Global Energy Ventures Ltd, a West Perth, Western Australia-based producer of crude petroleum and natural gas, for $341 mil.
Arlington TowerWashington Real Estate Investment Trust250.0Washington Real Estate Investment Trust definitively agreed to acquire Arlington Tower, a 398,000 sq ft, Class A office building in Arlington, for about $250 mil.
Argos USA Corp-13 Pants & WarehouseBest Block Co50.0Quikrete Co’s unit Best Block Co acquired 13 manufacturing plants & a warehouse from Argos USA Corp, an Alpharetta-based cement manufacturer owned by Cementos Argos SA, for $50 mil.
Commerce Bank of Temecula ValleyNano Financial Holdings Inc.23.3Nano Financial Holdings Inc definitively agreed to acquire the entire share capital of Murrieta-based Commerce Bank of Temecula Valley for about $23.3 million in cash. Nano offered a choice of $23.3 million in cash or $23.3 million in common share.
Advanced Sports IncEconotrade Ltd20.0Econotrade Ltd of Taiwan, a unit of Top Sport International Ltd, ultimately owned by Ideal Bike Corp, plans to acquire a 50% stake in Advanced Sports Inc, a manufacturer and wholesaler of motorcycles, bicycles and parts, for $20 million.
Liverpool Community BankJuniata Valley Financial Corp12.6Juniata Valley Financial Corp agreed to merge with Liverpool Community Bank, a commercial bank, for about $12.6 million.
Newlink Comunicationes Estrategicas SASSEC SpA2.0SEC SpA of Italy acquired a 51% stake in Newlink Comunicaciones Estrategicas SAS, a Miami-based public relations agency.
Ng Enterprises IncMagneGas Corp0.8MagneGas Corp agreed to acquire the entire share capital of NG Enterprises Inc, a provider of remediation services, for $0.75 million.
Fyoosion IncGrom Socia Enterprises Inc0.4Grom Socia Enterprises Inc acquired Fyoosion Inc, a North Brunswick-based software publisher, for $0.4 million. The consideration consisted of issuance of 0.275 million common shares and assumption of $0.165 in liabilities. The shares were valued at closing stock price of $0.5 on 02 January 2018, the last full trading day prior to the announcement.
Accessible Mobility CenterAbility CenterAbility Center acquired Accessible Mobility Center, a Santa Rosa-based new car dealer.
CRM Software IncAdvisorEngine IncAdvisorEngine Inc acquired CRM Software Inc, a Raleigh-based software publisher.
Technical Glass ProductsAllegion PLCAllegion PLC of Republic of Ireland acquired Technical Glass Products, a Painesville-based manufacturer of industrial glassware.
Seacoast Brokers LlcAmWINS Group IncAmWINS Group Inc definitively agreed to acquire Seacoast Brokers LLC, a Hilton Head Island-based insurance agency.
Netflix IncApple IncApple Inc is rumored to be planning to acquire the entire share capital of Netflix Inc, a Los Gatos-based provider of online movie rental service.
Dedicated Defined Benefit Services LLCAscensus IncAscensus Inc acquired Dedicated Defined Benefit Services LLC, a Glendale-based provider of insurance and pension funds administration services.
Sheakley PaySystemsAsure Software IncAsure Software Inc acquired Sheakley PaySystems, a provider of office administrative services.
Savers Administrative Services IncAsure Software IncAsure Software Inc acquired Savers Administrative Services Inc, a Winston-Salem-based provider of human resources services.
TelePayroll IncAsure Software IncAsure Software Inc acquired TelePayroll Inc, a Santa Ana-based payroll services provider. The transaction included TelePay Insurance.
PhishLine LLCBarracuda Networks IncBarracuda Networks Inc acquired PhishLine LLC, a Waukesha-based provider of data processing and hosting services.
Valley Joist IncBlack Diamond Capital Management LLCBlack Diamond Capital Management LLC acquired Valley Joist Inc, a Fort Payne-based manufacturer of fabricated structural metal products, from EBSCO Industries Inc via a leveraged buyout transaction.
Pro-Pet LLCCargill IncCargill Inc plans to acquire Pro-Pet LLC, a St. Marys-based animal foods manufacturer.
Complete Disposal Co IncCasella Waste Systems IncCasella Waste Systems Inc acquired Complete Disposal Co Inc, a Holyoke-based provider of nonhazardous waste treatment and disposal services.
Alternative Biomedical Solutions LpCentre Lane Partners LLCCentre Lane Partners LLC acquired Alternative Biomedical Solutions LP, a Carrollton-based medical laboratory operator, via a leveraged buyout transaction.
Isola Group LtdCerberus Capital Management LPCerberus Capital Management LP acquired Isola Group Ltd, a Chandler-based manufacturer of bare printed circuit boards, via a leveraged buyout transaction.
Skaff Cryogenics & Cryo-Lease LLCChart Industries IncChart Industries Inc acquired Skaff Cryogenics & Cryo-Lease LLC, a repair services provider of cryogenic and liquefied natural gas storage tanks and trailers.
Stewart Superabsorbents LLCChase CorpChase Corp acquired Stewart Superabsorbents LLC, a manufacturer of chemical products.
Redwood Logistics LLCCI Capital Partners LLCCI Capital Partners LLC acquired a majority interest in Redwood Logistics LLC, a Chicago-based provider of logistics consulting services, via a leveraged buyout transaction.
Paul Fredrick Menstyle IncClearLight Partners LLCClearLight Partners LLC acquired a majority interest in Paul Fredrick Menstyle Inc, a Fleetwood-based men’s clothing retailer, via a leveraged buyout transaction.
C3management ConsultingColumbus Consulting InternationalColumbus Consulting International acquired C3 Management Consulting, a wholesaler of durable goods.
Brock White Co Of Wisconsin IncConstruction Supply Holdings LLCThe Sterling Group LP’s unit Construction Supply Holdings LLC acquired Brock White Co of Wisconsin Inc, a New Berlin-based wholesaler of brick, stone and related construction materials.
Integra It Solutions LLCDoctors Administrative Solutions LLCDoctor’s Administrative Solutions LLC acquired Integra IT Solutions LLC, a Las Vegas-based software publisher.
Application Specialties IncDXP Enterprises IncDXP Enterprises Inc acquired Application Specialties Inc, an Auburn-based manufacturer of accessories for cutting and metal forming machine tools.
US Bankcard Services IncElavon IncUS Bancorp’s unit Elavon Inc acquired US Bankcard Services Inc, an Industry-based provider of financial transactions services.
Essence Communications IncEssence Ventures LLCEssence Ventures LLC acquired Essence Communications Inc, a New York-based book publisher, from Time Inc, ultimately owned by Time Warner Inc.
The Stepping Stones GroupFive Arrows Capital PartnersFive Arrows Capital Partners acquired a majority interest in The Stepping Stones Group, a Lafayette-based provider of home health care services, via a leveraged buyout transaction.
TC Telecom LLC-AssetsGeneral Informatics LLCGeneral Informatics Corp acquired the assets of TC Telecom LLC, a Walker-based wireless telecommunications carrier.
Financial Network Group LtdHanson McClain IncParthenon Capital Partners LLC’s unit Hanson McClain Inc plans to merge with Financial Network Group Ltd, a Cincinnati-based investment advisor.
LunaMetrics LLCHS2 Solutions IncHS2 Solutions Inc acquired LunaMetrics LLC, a Pittsburgh-based provider of custom computer programming services.
Blind Ambitions LLCInstalled Building Products IncInstalled Building Products Inc acquired Blind Ambitions LLC, an industrial building constructor.
TruClinic LLCIntouch Technologies IncIntouch Technologies Inc plans to acquire TruClinic LLC, a Salt Lake City-based internet portal operator.
Captain’s Quarters,Greenville,NCInvestor GroupAn investor group, comprising FM Capital LLC and AMAC Holdings LLC acquired Captain’s Quarters, a 1,692-bed student housing community in Greenville.
Xcellence IncJLL Partners IncJLL Partners Inc acquired Xcellence Inc, a Mission-based provider of data processing and hosting services, via a leveraged buyout transaction from Clearview Capital Fund III LP, ultimately owned by Clearview Capital LLC.
Honors Holdings LLCJW Childs Associates LPJW Childs Associates LP acquired the majority interest in Honors Holdings LLC, an operator of fitness and recreational sports center, via a leveraged buyout transaction.
Empire Services LLCKellermeyer Bergensons Services LLCGI Partners LLP’s unit Kellermeyer Bergensons Services LLC acquired Empire Services LLC, a Metairie-based provider of janitorial services.
Wyndham Anaheim Garden Grove HotelKhanna Enterprises IncKhanna Enterprises Inc acquired the 4-star Wyndham Anaheim Garden Grove hotel.
Criser Troutman Tanner Consulting EngineersKing Engineering Associates IncKain Capital LLC’s unit King Engineering Associates Inc acquired Criser Troutman Tanner Consulting Engineers, a Wilmington-based engineering services provider.
American International Chemical IncLeBaronBrown Industries LLCLeBaronBrown Industries LLC acquired a majority interest in American International Chemical Inc, a Framingham-based chemical products manufacturer.
Fhi Brands LlcLuxury Brand LLCLuxury Brand LLC acquired FHI Brands LLC, a Valencia-based manufacturer of electrical signals measuring and testing instruments.
Glen Research CorpMaravai LifeSciences IncMaravai LifeSciences Inc plans to acquire Glen Research Corp, a Sterling-based wholesaler of chemical and allied products, via a leveraged buyout transaction.
Aquto CorpMavenir Systems IncMitel Mobility Inc, a unit of Mitel Networks Corp, acquired Aquto Corp, a Boston-based software publisher.
Shockey Precast GroupMetromont CorpMetromont Corp plans to acquire Shockey Precast Group, a Winchester-based contractor of structural steel and precast concrete.
Bhcosmetics IncMidOcean Partners LLPRipplewood Holdings LLC’s unit MidOcean Partners LLP acquired BH Cosmetics Inc, a Burbank-based drugs wholesaler, via a leveraged buyout transaction.
Eagle International Institute IncNIIT LtdNIIT Ltd of India acquired Eagle International Institute Inc, a Rochester-based provider of computer training services.
Sonoscan Inc.Nordson CorpNordson Corp acquired Sonoscan Inc, a testing laboratory.
Oaks of Vernon Hills,ILOaks of Vernon Hills,IL SPVAzure Capital Partners and Harbor Group International LLC have agreed to jointly acquire the Oaks of Vernon Hills, a 336-unit apartment complex in Chicago, around $94 million.
Unique Elevators & InteriorsP4g Capital Management LlcP4g Capital Management LLC acquired Unique Elevators & Interiors, an Alameda-based provider of interior design services, via a leveraged buyout transaction.
AMC Financial GroupPDX Partners IncPDX Partners Inc acquired AMC Financial Group, a provider of sales financing services.
Obihai Technology IncPolycom IncSiris Capital Group LLC’s unit Polycom Inc plans to acquire the remaining stake it does not already own in Obihai Technology Inc, a Cupertino-based wireless telecommunications carrier.
Roosevelt Square,Seattle,WARegency Centers CorpRegency Centers Corp acquired Roosevelt Square, a 150,000 sq ft, multi-level neighborhood shopping center in Seattle.
Trucker Path IncRenren IncRenren Inc of China definitively agreed to acquire the entire share capital of Trucker Path Inc, an Austin-based software publisher.
Drayer Physical Therapy Institute LLCRevelstoke Capital Partners LLCRevelstoke Capital Partners LLC acquired Drayer Physical Therapy Institute LLC, a Hummelstown-based medical firm that offers treatment services for musculoskeletal disorders and diseases as well as for post-injury/post-operative rehabilitation. It was acquired from GS Capital Partners LP, owned by Goldman Sachs & Co.
Auto & Property Insurance SolutionsRightSure Insurance GroupRightSure Insurance Group acquired Auto & Property Insurance Solutions, a National City-based insurance agency.
Zyga Technology IncRTI Surgical IncRTI Surgical Inc plans to acquire Zyga Technology Inc, a Minnetonka-based medical instruments manufacturer.
Dash Insurance AgencySeeman Holtz Property & Casualty IncSeeman Holtz Property & Casualty Inc acquired Houston-based Dash Insurance Agency.
J&A Insurance & More IncSeeman Holtz Property & Casualty IncSeeman Holtz Property & Casualty Inc acquired J&A Insurance & More Inc, a West Palm Beach-based insurance agency.
Burton Saw & Supply CoSimonds International LLCSimonds International LLC merges with Burton Saw & Supply Co, a Eugene-based sawmill operator, from Pfingsten Partners LLC.
Lexon Surety Group LLCSompo International Holdings LtdSompo International Holdings Ltd of Bermuda agreed to acquire Lexon Surety Group LLC, a Mt. Juliet-based insurance agency.
Cornerstone Technologies LLCSonasoft CorpSonasoft Corp plans to acquire Cornerstone Technologies LLC, a San Jose-based provider of computer systems design services.
Qello Holdings Llc-AssetsStingray Digital Group IncStingray Digital Group Inc of Canada acquired the assets of Qello Holdings LLC, a New York-based electronic computers manufacturer.
Latitudes LLCTegraTegra acquired Latitudes LLC, a Portland-based provider of commercial screen printing services.
Brightfunnel IncTerminus Software LLCTerminus Software LLC acquired BrightFunnel Inc, a San Francisco-based software publisher.
Engineered Concepts Consulting Services IncTerracon Consultants IncTerracon Consultants Inc acquired Engineered Concepts Consulting Services Inc, a Greensboro-based provider of engineering services.
Rangeland Energy II LLCTesoro Refining & Marketing Co LLCTesoro Corp’s unit Tesoro Refining & Marketing Co LLC plans to acquire Rangeland Energy II LLC, an owner and operator of multipart crude oil and frac sand logistics system, from Rangeland Energy LLC, owned by EnCap Flatrock Midstream.
Touchstone Consulting Group IncThe Segal Group IncThe Segal Group Inc acquired Touchstone Consulting Group Inc, a Worcester-based provider of human resources and executive search consulting services.
Production Management Industries LLCTiger Rental Group LLCThe Modern Group Ltd’s unit Tiger Rental Group LLC acquired Production Management Industries LLC, a Morgan City-based manufacturer of oil and gas field machinery and equipment, from Superior Energy Services Inc.
Trucking Unlimited LPTransForce IncPalladium Equity Partners LLC’s unit TransForce Inc acquired Trucking Unlimited LP, a West Hills-based provider of long-distance freight trucking services.
Package All CorpTricorBraun IncCHS Capital LLC’s unit TricorBraun Inc acquired Package All Corp, a Bayport-based manufacturer of plastics products.
Snoozy’s College BookstoreUniversity of Alabama at BirminghamUniversity of Alabama at Birmingham plans to acquire Snoozy’s College Bookstore, a Birmingham-based book retailer, for around $4.2 million.
StenoTrainUS Legal Support IncUS Legal Support Inc acquired StenoTrain, a provider of stenotype services.
JAForlines GlobalW. E. Donoghue & Co. LlcW.E. Donoghue & Co. LLC plans to acquire JA Forlines Global, an investment advisor.
Personal Communication Systems IncWest CorpApollo Global Management LLC’s unit West Corp acquired Personal Communication Systems Inc, a Winston-Salem-based software publisher.
Onsite Space LLCWillScot CorpWillScot Corp acquired Onsite Space LLC, a lessor of residential buildings and dwellings.
US M&A Deals Announced December 29, 2017 to January 4, 2018
Source: Thomson Reuters