Bloomberg News
Target Acquirer Value ($millions) Synopsis
Oclaro Inc Lumentum Holdings Inc 1,701.1 Lumentum Holdings Inc definitively agreed to acquire the entire share capital of Oclaro Inc, a San Jose-based manufacturer of semiconductors and related devices, for $1.701 billion via a stock swap transaction. The consideration will consist of $5.6 cash per share and 0.064 in common share per Oclaro share. Based on Lumentum's closing stock price of $68.975 on 9 March 2018, the last full trading day prior to the announcement, each Oclaro share was valued at $9.987. Upon completion of the deal, Lumentum and Oclaro will respectively own 84% and 16% of the combined entity.
Connecticut Water Service Inc SJW Corp 733.7 SJW Corp definitively agreed to merge with Connecticut Water Service Inc, a Clinton-based water supply system operator, for $733.708 million via a stock swap transaction. The shares were valued based on SJW's closing stock price of $54.38 on 14 March 2018, the last trading day prior to the announcement. Earlier this month, SJW was rumored to be planning to merge with Connecticut.
Nutranext The Clorox Co 700.0 The Clorox Co definitively agreed to acquire Nutranext, a Sunrise-based manufacturer of dietary supplements, from WM Partners LP for $700 million.
Cedar Creek LLC Bluelinx Holdings Inc 413.0 Bluelinx Holdings Inc, a unit of Cerberus Capital Management LP, definitively agreed to acquire the entire share capital of Cedar Creek LLC, an Oklahoma City-based millwork wholesaler, for $413 million. The consideration will consist of $345 million in cash and $68 million in capital leases.
Cogentix Medical Inc Laborie Medical Technologies Inc 234.5 Laborie Medical Technologies Inc of Canada, a unit of Audax Group LP, agreed to acquire the remaining stake it does not already own in Cogentix Medical Inc, a Minnetonka-based manufacturer of surgical appliance and supplies, for $3.85 in cash per share or a total of $234.487 million in cash.
Environmental Data Resources Inc Environmental Data Resources Inc SPV 205.0 Environmental Data Resources Inc SPV, a special purpose acquisition vehicle by Silver Lake Management LLC and Battery Ventures LP, agreed to acquire Environmental Data Resources Inc, a Milford-based internet service provider. It will be purchased via a leveraged buyout transaction for $205 million from Daily Mail & General Trust PLC, ultimately owned by Rothermere Continuation Ltd.
Sk E&S Americas Inc SK E&S Co Ltd 159.5 SK E&S Co Ltd of South Korea, a unit of SK Holdings Co Ltd, agreed to acquire the entire share capital of SK E&S Americas Inc, a Houston-based provider of financial investment services, for $159.501 million in cash.
Booker Software Inc Mindbody Inc 150.0 Mindbody Inc definitively agreed to acquire Booker Software Inc, a New York City-based provider of custom computer programming services, for around $150 million.
Etouch Systems Corp Virtusa Corp 140.0 Virtusa Corp acquired the entire share capital of Etouch Systems Corp, a Fremont-based provider of computer systems design services, for $140 mil.
The Ellington Jamestown Lp 120.0 Jamestown LP acquired The Ellington, a 190-unit rental apartment in Washington DC, for $120 mil.
United Community Bancorp,Lawrenceburg,IN First Citizens Banc Corp, Sandusky,Ohio 114.1 Civista Bancshares Inc definitively agreed to merge with United Community Bancorp, a Lawrenceburg-based savings and loan holding company, for $114.134 million via a stock swap transaction. Civista offered $2.54 in cash per share and 1.027 common share per United share. Based on Civista's closing stock price of $23.98 on 8 March 2018, the last full trading day prior to the announcement, each Infinity share was valued at $24.627.
Netsil Inc Nutanix Inc 69.9 Nutanix Inc definitively agreed to acquire Netsil Inc, a San Francisco-based software publisher, for around 1.424 million in Nutanix class A common shares or a total of $69.926 million. The shares were valued based on Nutanix's closing stock price of $49.095 on 9 March 2018, the last trading day prior to the announcement.
One Dartmouth Place,Denver,CO Investor Group 65.5 An investor group, comprising Scharf Group LLC and Besyata Investment Group Inc acquired One Dartmouth Place, a 418-unit apartment community in Southeast Denver, for $65.5 million.
JC Penney Co Inc-Logistics Warehouse & Furniture Outlet Center Phoenix Investors LLC 31.3 Phoenix Investors LLC acquired logistics warehouse & furniture outlet center of JC Penney Co Inc, a Plano-based department store operator, for $31.25 mil.
Sears Auto Center-Stores(4) WP Glimcher Inc 28.5 WP Glimcher Inc planned to acquire 4 stores of Sears Auto Center, a Hoffman Estates-based provider of automotive repair services, for $28.5 mil.
TeeShirt Ink Inc Art Gun Technologies LLC 16.4 Art Gun Technologies LLC, a unit of Delta Apparel Inc, acquired TeeShirt Ink Inc, a Clearwater-based provider of direct to garment printing services, for $16.35 million. The consideration consisted of $16.35 million in cash and profit-related payments.
Crossland Economy Studios-500 Unit Portfolio Properties Siegel Group Nevada Inc 14.0 Siegel Group Nevada Inc paid $14 million to acquire a 500-unit portfolio of four extended-stay properties previously operated under the Crossland Economy Studios brand.
Humboldt Healthcare LLC-Real Estate & Intellectual Property Assets CordovaCann Corp 4.1 CordovaCann Corp of Canada acquired an option to acquire a 51% stake in the real estate & intellectual property assets of Humboldt Healthcare LLC, a manufacturer of medicinals and botanicals, for $4.08 million.
Total Energy Concepts Inc SmartCool Systems Inc 1.1 SmartCool Systems Inc of Canada signed a letter of intent to acquire the entire share capital of Total Energy Concepts Inc, a Baxter-based manufacturer of current-carrying wiring devices, for $1.1 million via a stock swap transaction. The consideration will consist of $.025 million cash, $0.85 million in common shares and warrants.
Imaging Biometrics LLC Flying Brands Ltd 0.8 Flying Brands (FB) Ltd of Jersey acquired the entire share capital of Imaging Biometrics LLC, an Elm Grove-based software publisher, for $0.755 million in a stock swap transaction. FB offered a choice of $0.068 million in cash and 11 million ordinary shares valued at $0.612 million and the assumption of $0.075 million in liabilities, or $0.68 million in cash and the assumption of $0.075 million in liabilities. The shares were valued based on FB's closing stock price of STG 0.04 (USD 0.56) on 12 March 2018, the last full trading day prior to the announcement.
Emotion Apparel Inc 12 ReTech Corp 12 ReTech Corp acquired Emotion Apparel Inc, a Chatsworth-based manufacturer of apparels, from Bitzio Inc.
Database-Brothers Inc 3rd Millenium Inc 3rd Millennium Inc acquired Database-Brothers Inc, a Waltham-based provider of custom computer programming services.
CoMetrics Lenders Advisory Services LLC Adeptus Partners LLC Adeptus Partners LLC acquired CoMetrics Lenders Advisory Services LLC, a New York-based investment advisor, from CoMetrics Partners LLC.
Acme Security Systems ADT Inc ADT Inc acquired Acme Security Systems, a San Leandro-based provider of security systems services.
Northeast Tennessee Emergency Physicians PC American Physician Partners LLC American Physician Partners LLC acquired Northeast Tennessee Emergency Physicians PC, a Kingston-based provider of emergency department management services.
Everstream Solutions LLC AMP Capital Investors Ltd AMP Capital Investors Ltd of Australia, a unit of AMP Asset Management Australia Ltd, definitively agreed to acquire Everstream Solutions LLC, a Cleveland-based internet service provider, from OneCommunity LLC and MC Partners and JP Morgan Asset Management (UK) Ltd.
CLEC Holding Inc Andiamo Corp Andiamo Corp signed a letter of intent to acquire CLEC Holding Inc, a Sheridan-based telecommunication holding company.
Next Issue Media LLC Apple Inc Apple Inc acquired Next Issue Media LLC, a Menlo Park-based software publisher.
IndustryBuilt Software Corp Aptean Inc US-based Aptean Inc, a unit of Vista Equity Partners LLC, acquired IndustryBuilt Software Corp, a Mississauga-based software publisher.
University of the Rockies Ashford University Bridgepoint Education Inc's unit Ashford University plans to merge with University of the Rockies, a Colorado Springs-based college operator, from Bridgepoint Education Inc, owned by Warburg Pincus Private Equity VIII LP.
Lectrus Corp-Certain Assets AZZ Inc AZZ Inc planned to acquire certain assets of Lectrus Corp, a Chattanooga-based manufacturer of sheet metal works.
Geo-Synthetics Inc Babcock Power Inc Babcock Power Inc acquired Geo-Synthetics Inc, a Waukesha-based manufacturer of chemical products.
BCG Penbridge BCG Pension Risk Consultants Inc BCG Pension Risk Consultants Inc acquired Penbridge Advisors LLC, a Stamford-based investment advisor.
IMV Publishing Bioinformatics LLC Bioinformatics LLC acquired IMV Publishing, a Columbia-based internet portal operator, from IMV Ltd.
Lumberman's Wholesale Distributors Inc Boise Cascade Co Boise Cascade Co agreed to acquire Lumberman's Wholesale Distributors Inc, a Nashville-based millwork wholesaler.
Jobscience Inc Bullhorn Inc Bullhorn Inc, a unit of Insight Venture Partners LLC, acquired Jobscience Inc, a San Francisco-based software publisher. Concurrently, Bullhorn acquired Talent Rover LLC.
Talent Rover LLC Bullhorn Inc Bullhorn Inc, a unit of Insight Venture Partners LLC, acquired Talent Rover LLC, a Chicago-based software publisher. Concurrently, Bullhorn acquired Jobscience Inc.
River City Recreation World Camping World Holdings Inc Camping World Holdings Inc agreed to acquire River City Recreation World, a Sherwood-based recreational vehicle dealer.
Rangel Medical Center Inc Cano Health LLC Cano Health LLC, a unit of InTandem Capital Partners LLC, acquired Tampa-based Rangel Medical Center Inc.
American Packing & Gasket Co Inc CapStreet Group LLC CapStreet Group LLC acquired American Packing & Gasket Co Inc, a Houston-based manufacturer of packing devices, via a leveraged buyout transaction from Travis International Inc, ultimately owned by Summit Capital Inc.
The Mentor Group Inc Career Managaement Partners Career Management Partners acquired the remaining stake it did not already own in The Mentor Group Inc, a Westlake Village-based provider of marketing research and opinion polling services.
Bell Nursery USA LLC Central Garden & Pet Co Central Garden & Pet Co acquired Bell Nursery USA LLC, an Elkridge-based nursery production establishment.
Hotel Inter-Continental Dallas Columbia Sussex Corp Columbia Sussex Corp acquired The InterContinental Dallas, a 4-star hotel with 528 rooms in Addison.
Momentum Telecom Inc Court Square Capital Partners LP Court Square Capital Partners LP definitively agreed to acquire an undisclosed majority interest in Momentum Telecom Inc, a Birmingham-based provider of telecommunications services, in a leveraged buyout transaction.
Decora CreativeDrive Inc CreativeDrive Inc acquired Decora, a Boca Raton-based provider of graphic design services.
Vaultive Inc-Certain Assets CyberArk Software Ltd CyberArk Software Ltd of Israel acquired certain assets of Vaultive Inc, a Boston-based software publisher.
Integrated DNA Technologies Inc Danaher Corp Danaher Corp definitively agreed to acquire Integrated DNA Technologies Inc, a Skokie-based biotechnology company.
Valuation Management Group Dart Appraisal Dart Appraisal acquired Valuation Management Group, a Marietta-based insurance agency.
GAMMA2 Inc Doskocil Manufacturing Co Inc Doskocil Manufacturing Co Inc, a unit of Olympus Partners LP, acquired GAMMA2 Inc, a Carlsbad-based manufacturer of plastic materials.
CO&P Integrated Marketing LLC Drum Agency Drum Agency acquired CO&P Integrated Marketing LLC, an Atlanta-based provider of marketing consulting services.
Co & P Integrated Marketing LLC Drum Agency Drum Agency acquired Co & P Integrated Marketing LLC, an Atlanta-based public relations agency.
Spensa Technologies Inc DTN LLC DTN LLC agreed to acquire Spensa Technologies Inc, a West Lafayette-based software publisher.
Kroll Inc Duff & Phelps Corp Duff & Phelps Corp definitively agreed to acquire Kroll Inc, a New York City-based provider of risk consulting services, from Corporate Risk Holdings LLC, ultimately owned by Providence Equity Partners LLC.
Kayako Inc ESW Capital LLC ESW Capital LLC acquired Kayako Inc, a software reproducer, via a leveraged buyout transaction.
Pacific Ozone Technology Inc Evoqua Water Technologies Corp Evoqua Water Technologies Corp acquired Pacific Ozone Technology Inc, a Benicia-based manufacturer of motors and generators.
Road Equipment Parts Center FleetPride Inc FleetPride Inc, a unit of TPG Capital LP, acquired Road Equipment Parts Center, a Brainerd-based wholesaler of motor vehicle supplies and parts, from Jomar Investments Inc.
Togetherwork Holdings LLC GI Partners LLP GI Partners LLP acquired Togetherwork Holdings LLC, a Brooklyn-based software publisher, from Aquiline Capital Partners LLC via a leveraged buyout transaction.
FSE Inc Gladson Inc Gladson Inc, a unit of Wicks Group of Cos LLC, acquired FSE Inc, a Waltham-based software publisher. Concurrently, Gladson acquired WebCollage Inc.
WebCollage Inc Gladson Inc Gladson Inc, a unit of Wicks Group of Cos LLC, acquired WebCollage Inc, a New York City-based provider of ecommerce services, from Answers Corp, ultimately owned by AFCV Holdings LLC. Concurrently, Gladson acquired FSE Inc.
Bachman Plumbing & Heating Llc Goering Hardware Co Goering Hardware Co acquired Bachman Plumbing & Heating LLC, a Hesston-based plumbing, heating and air-conditioning contractor.
Technical Marketing Manufacturing Inc Gray Matter Systems Inc Gray Matter Systems Inc acquired Technical Marketing Manufacturing Inc, a Denver-based wholesaler of electrical control equipment.
Matrixx Initiatives Inc Gryphon Investors Inc Gryphon Investors Inc acquired Matrixx Initiatives Inc, a Scottsdale-based manufacturer of pharmaceutical preparations, via a leveraged buyout transaction from Wonder Holdings Inc, owned by Wonder Holdings Acquisition Corp.
Coastway Bancorp Inc HarborOne Bancorp Inc HarborOne Bancorp Inc plans to acquire Coastway Bancorp Inc, a Cranston-based savings institution, for about $125.8 mil.
ComSouth Corp Hargray Communications Group Hargray Communications Group, a unit of The Pritzker Organization LLC, plans to acquire ComSouth Corp, a Hawkinsville-based provider of subscription programming services.
Diamond B Constructors Inc Harris Cos Inc Harris Cos Inc acquired Diamond B Constructors Inc, a Bellingham-provider of mechanical construction services.
Agtek Development Co Inc Hexagon AB Hexagon AB of Sweden acquired Agtek Development Co Inc, a Livermore-based software reproducer.
Demilec Huntsman Corp Huntsman Corp acquired Demilec, a manufacturer of chemical products.
Outpatient Imaging Affiliates LLC ICV Partners LLC ICV Partners LLC acquired Outpatient Imaging Affiliates LLC, a Franklin-based diagnostic imaging center operator, from MedCare Investment Funds and other shareholders via a leveraged buyout transaction.
Broadcom Ltd Intel Corp Intel Corp is rumored to be planning to acquire the remaining stake it does not already own in Broadcom Ltd, a San Jose-based manufacturer of semiconductors and related devices.
American Nutritional Products Inc International Consolidated Cos Inc International Consolidated Cos Inc plans to acquire American Nutritional Products Inc, a Carson City-based manufacturer of food product machinery.
Bluelock LLC Intervision Systems Technologies Inc Intervision Systems Technologies Inc acquired Bluelock LLC, a provider of computer systems design services.
Newbury Dental Studio Johnson Family Dental Johnson Family Dental, a unit of Smile Brands Group Inc, acquired Newbury Dental Studio, a Newbury Park-based medical firm.
Emmaculate Reflections Cleaning Service Kellermeyer Bergensons Services LLC Kellermeyer Bergensons Services LLC, a unit of GI Partners LLP, acquired Emmaculate Reflections Cleaning Service, a Fort Lauderdale-based provider of janitorial services.
Recurrent Energy Inc-Solar Photovoltaic Projects(3) Korea Electric Power Corp {KEPCO} The South Korean state-owned Korea Electric Power Corp acquired an undisclosed majority ownership interest in 3 solar photovoltaic projects of Recurrent Energy Inc, a San Francisco-based alternative energy sources establishment ultimately owned by Canadian Solar Inc.
Southern Property Restoration LLC Kustom US Inc Kustom US Inc acquired Southern Property Restoration LLC, an Alpharetta-based provider of disaster mitigation and restoration services.
Airxcel Inc L Catterton L Catterton definitively agreed to acquire Airxcel Inc, a Wichita-based manufacturer of air conditioning, heating and related appliances for recreation vehicles, telecommunications shelters, classrooms, modular structures and other specialty applications, from One Rock Capital Partners LLC via a leveraged buyout transaction.
Gulf Bayport Chemicals LP MFG Chemical Inc MFG Chemical Inc, a unit of Platte River Ventures LLC, acquired Gulf Bayport Chemicals LP, a Houston-based manufacturer of ethyl alcohol.
Shift Mudd Advertising Mudd Advertising acquired Shift, an advertising agency.
Linium LLC Ness Technologies Inc Ness Technologies Inc of Israel, a unit of Hilan Ltd, definitively agreed to acquire Linium LLC, an Albany-based provider of management consulting services.
Bolder Healthcare Solutions LLC Nielsen Media Research Inc Cognizant Corp, a unit of Nielsen Media Research Inc, agreed to acquire Bolder Healthcare Solutions LLC, a Louisville-based provider of revenue cycle management services, from JZ Capital Partners Ltd and The Edgewater Funds.
Green Therapeutics LLC Nutritional High International Inc Nutritional High International Inc of Canada signed a letter of intent to acquire a 75% stake in Green Therapeutics LLC, a Downtown-based medical firm. Terms were not disclosed, but according to sources close to the transaction, the deal is expected to be valued at around $2.6 mil.
Masiello Insurance Agency Inc Optisure Risk Partners LLC Optisure Risk Partners LLC merged with Masiello Insurance Agency Inc, a Keene-based insurance agency.
Sarnova Inc Patricia Industries AB Patricia Industries AB of Sweden, a unit of Investor AB, agreed to acquire Sarnova Inc, a Dublin-based wholesaler of medical equipment and supplies, from Water Street Healthcare Partners LLC.
Van Dam Dermatology & Laser Center Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired the Van Dam Dermatology & Laser Center in Barrington.
Prosperity Life Insurance Group LLC Prosperity Life Insurance Group LLC SPV Prosperity Life Insurance Group LLC SPV, a new company formed by Elliott Management Corp, Wand Partners Inc and Anurag Chandra, definitively agreed to acquire the entire share capital of Prosperity Life InsuranceGroup LLC, an Austin-based insurance agency, from Black Diamond Capital Partners I LP and Reservoir Capital Group LLC.
MadGlory PUBG Corp PUBG Corp of South Korea, a unit of Bluehole Inc, acquired software reproducer MadGlory.
Sears Property,Tampa,Florida Rd Management Llc Rd Management Llc acquired a nearly 100-acre retail property at University Mall in Tampa from Sears.
Pine Valley Apartments,West Valley City,UT Restore Utah Property I LLC Restore Utah Property I LLC acquired the Pine Valley Apartments in West Valley City, including the Pine Cove Apartments.
Twin City Maintenance Team Inc RWK Services Inc RWK Services Inc acquired Twin City Maintenance Team Inc, an Edina-based provider of janitorial services.
CloudCraze Software LLC Salesforce.com Inc Salesforce.com Inc definitively agreed to acquire CloudCraze Software LLC, a Chicago-based provider of enterprise commerce services.
Seattle Fish Company of New Mexico Inc-Assets Santa Monica Seafood Co Santa Monica Seafood Co acquired the assets of Seattle Fish Company of New Mexico Inc, an Albuquerque-based seafood processor, ultimately owned by Red River Ventures Inc.
Americorps Alums Service Year Alliance Service Year Alliance acquired Americorps Alums, a provider of community housing services.
Zone Technologies Inc Shareholders Helios & Matheson Analytics Inc, owned by Helios & Matheson Inc, plans to spin off Zone Technologies Inc, a New York City-based software publisher, to its shareholders.
Datchat Inc Spherix Inc Spherix Inc definitively agreed to acquire the entire share capital of Datchat Inc, a New Brunswick-based software reproducer.
Freight Force Inc St. George Logistics Corp St. George Logistics Corp, a unit of Wind Point Partners, acquired Freight Force Inc, an Anaheim-based provider of freight transportation arrangement services.
Digital Signal Corp Stereovision Imaging Inc Stereovision Imaging Inc plans to acquire Digital Signal Corp, a Chantilly-based manufacturer of semiconductors and related devices.
2380 Fenton Street,Chula Vista,CA Strategic Storage Growth Trust Inc Strategic Storage Growth Trust Inc acquired 2380 Fenton Street, a 900-unit self-storage facility in Chula Vista.
PPG Industries Inc-Printing Ink Business Sun Chemical Corp Sun Chemical Corp, a unit of Sun Chemical Group Cooperatief UA, ultimately owned by DIC Corp, acquired printing ink business of PPG Industries Inc, a Pittsburgh-based manufacturer of coatings.
Confluence Technologies Inc TA Associates Management LP TA Associates Management LP acquired an undisclosed majority interest in Confluence Technologies Inc, a Pittsburgh-based provider of management consulting services, via a leveraged buyout transaction.
Horsemens Pride Inc Tenth Avenue Commerce LLC Tenth Avenue Commerce LLC, a unit of Tenth Avenue Holdings LLC, acquired an undisclosed majority interest in Horsemens Pride Inc, a Streetsboro-based equines farming establishment.
LFB Media Group The BMF Media Group The BMF Media Group acquired LFB Media Group, an advertising agency.
The Singer Group Inc The Segal Group Inc The Segal Group Inc acquired The Singer Group Inc, a Reisterstown-based provider of human resources and executive search consulting services.
Hill-Rom Holdings Inc-Certain Third Party Rental Business Universal Hospital Services Inc Universal Hospital ServicesInc, a unit of Bear Stearns Merchant Banking, agreed to acquire certain the third party rental business of Hill-Rom Holdings Inc, a Batesville-based manufacturer of surgical appliance and supplies.
TRUFood Provision Co US Highland Inc US Highland Inc acquired the entire share capital of TRUFood Provision Co, an Atlanta-based full-service restaurant operator.
ICON Health & Fitness Inc-Altra Brand VF Corp VF Corp definitively agreed to acquire Altra brand of ICON Health & Fitness Inc, a Logan-based manufacturer of sporting and athletic goods.
Scott Contracting Inc W.W. Clyde & Co W.W. Clyde & Co acquired Scott Contracting Inc, a Centennial-based provider of earthwork, utilities, concrete structures and concrete paving construction services.
JCR Capital Investment Corp Walker & Dunlop Inc Walker & Dunlop Inc agreed to acquire JCR Capital Investment Corp, a Denver-based provider of real estate credit services.
The Social At Auburn Waypoint Residential LLC Waypoint Residential LLC acquired The Social at Auburn, an 844-bed, purpose-built student housing property serving Auburn University in Alabama.
Universal Assistance Inc Zurich Insurance Group Ltd Zurich Insurance Group Ltd of Switzerland agreed to acquire Universal Assistance Inc, a Miami-based provider of assistance services to travelers. Concurrently, Zurich agreed to acquire World Wide Assistance SA, Universal Assistance SA, Universal Assistance Chile SA, Asistbras SA-Assistencia ao Viajante, Universal Assistance-Assistencia Ao Viajente Ltda, Travel Ace Chile SA, Universal Travel Assistance SAS, UA Assistance SA de CV, International Travel Assistance SA, Celta Assistance SL, Universal Assistance SA, Delkir SA, Derimed SA, Kouler SA, Eritage SA, Perunsel SA, Travel Ace Internacional de Servicios SA and Dusfal SA.
US M&A Deals Announced March 2 to March 8, 2018
Source: Thomson Reuters