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Target Acquirer Value ($millions) Synopsis
Great-West Life & Annuity Insurance Co-Life Insurance & Annuity Business Protective Life Insurance Co 1,200.0 Protective Life Insurance Co, a unit of Protective Life Corp, agreed to acquire life insurance & annuity business of Great-West Life & Annuity Insurance Co, a Greenwood Village-based insurance company, owned by Great-West Life Assurance Co, ultimately owned by Dai-ichi Life Holdings Inc, for an estimated $1.2 billion. The consideration will consist of $1.2 billion and an undisclosed amount in profit-related payments.
Verity Health System of California Inc-Hospitals(4) The KPC Group 610.0 The KPC Group agreed to acquire 4 hospitals of the bankrupt Verity Health System of California Inc, an El Segundo-based hospital operator, for a total of $610 millionvia an auction.
Pluto Inc Viacom Inc 340.0 Viacom Inc, a unit of National Amusements Inc, definitively agreed to acquire Pluto Inc, a Los Angeles-based provider of online television streaming services, for $340 millionin cash.
UQM Technologies Inc Danfoss Power Solutions Inc 95.1 Danfoss Power Solutions Inc, a unit of Danfoss A/S, definitively agreed to acquire the entire share capital of UQM Technologies Inc, a Longmont-based manufacturer of motors and generators, for $1.71 in cash per share or a total of $95.081 million.
Schmitt Sales Inc-Wholesale Fuel Distribution Business Sunoco LP 50.0 Sunoco LP acquired the wholesale fuel distribution business of Schmitt Sales Inc, a Buffalo-based wholesaler of petroleum and petroleum products. Concurrently, Sunoco acquired certain convenience store locations of Speedway LLC. Both transactions have a combined value of around $50 million.
Kinderhook Bank Corp Community Bank System Inc 45.3 Community Bank System Inc definitively agreed to acquire the entire share capital of Kinderhook Bank Corp, a Kinderhook-based commercial bank, for $45.313 millionin cash.
Partnership Community Bancshares Inc Bank First National Corp 41.0 Bank First National Corp definitively agreed to merge with Partnership Community Bancshares Inc, a Menomonee Falls-based bank holding company, for an estimated $41 millionvia a stock swap transaction, subject to proration whereby 35% of the consideration will consist of cash and 65% in common shares, or $14.35 millionin cash and $26.65 millionin common shares.
Coats Group PLC-North America Crafts Business Spinrite LP 37.0 Spinrite LP of Canada, a unit of Comvest Group Holdings LP, acquired the North America crafts business of Coats Group PLC, a London-based thread mill operator, for $37 million.
F & M Bancorp of Tomah Inc Citizens Community Bancorp Inc,Eau Claire,Wisconsin 21.6 Citizens Community Bancorp Inc in Eau Claire, Wisconsin definitively agreed to merge with F & M Bancorp of Tomah Inc, a Tomah-based commercial bank, for an estimated $21.6 mil, subject to proration whereby the consideration will consist of 85% cash and 15% in common shares. The consideration will consist of $18.36 millionin cash and $3.24 millionin common shares.
Sunoco LP-Ethanol Plant Attis Industries Inc 20.0 Attis Industries Inc definitively agreed to acquire an ethanol plant of Sunoco LP, a Dallas-based wholesaler of petroleum and petroleum products for $20 millionin cash.
Software Information Systems Inc Converge Technology Solutions Corp 11.5 Converge Technology Solutions Corp of Canada acquired the entire share capital of Software Information Systems Inc, a Lexington-based provider of computer systems design services, from VBS Holding Co Inc, for $11.5 millionin cash.
Hillside Village,San Bernardino, CA Henley Tower16 11.0 Henley Tower16, jointly owned by Tower 16 Capital Partners and Henley USA LLC, acquired Hillside Village, an 80-unit multifamily project in San Bernardino, for $11 million.
Pacific International Grout Co Cematrix Corp 7.3 Cematrix Corp of Canada signed a letter of intent to acquire the entire share capital of Pacific International Grout Co, a Bellevue-based structure contractor, for an estimated $7.25 million. The consideration will consist of $3.25 millionin cash, $0.5 millionin Cematrix common shares, and up to $3.5 millionin profit-related payments.
Helic Inc ANSYS Inc ANSYS Inc definitively agreed to acquire Helic Inc, a Santa Clara-based software publisher.
The Langley Agency AssuredPartners Inc AssuredPartners Inc, a unit of Apax Partners LP, acquired The Langley Agency, a Boca Raton-based insurance agency.
Tirschwell & Loewy Inc Beacon Investment Advisory Services Inc Beacon Investment Advisory Services Inc, a unit of Beacon Trust Co, plans to acquire Tirschwell & Loewy Inc, a New York-based portfolio manager.
Triumph Group Inc-Global 7500 Wing Manufacturing Operations & Assets Bombardier Inc Bombardier Inc of Canada definitively agreed to acquire the Global 7500 wing manufacturing operations & assets of Triumph Group Inc, a Berwyn-based manufacturer of aircraft engines and engine parts.
Seneca Foods Corp-Packaging plant,Lebanon,PA Bonduelle SA Bonduelle SA of France plans to acquire the Lebanon, Pennsylvania packaging plant of Seneca Foods Corp, a Marion-based producer of canned fruits and vegetables.
Timpani Capital Management LLC Calamos Investments LLC Calamos Investments LLC definitively agreed to acquire Timpani Capital Management LLC, a Milwaukee-based investment advisor.
Synchrony Financial-Walmart Inc Credit Card Loan Portfolio Capital One Financial Corp Capital One Financial Corp agreed to acquire the Walmart Inc credit card loan portfolio of Synchrony Financial, a Stamford-based provider of nondepository credit intermediation services.
Polymer Ventures Inc-Automotive Paint Detackification Business Chemetall Us Inc Chemetall Us Inc, a unit of Chemetall GmbH, agreed to acquire the automotive paint detackification business of Polymer Ventures Inc, a Charleston-based wholesaler of chemical and allied products.
Planet 3 Inc CircusTrix Holdings LLC CircusTrix Holdings LLC acquired Planet 3 Inc, a provider of recreation services.
E-Tel Systems Corp Comstar Technologies LLC Comstar Technologies LLC acquired E-Tel Systems Corp, a Dulles-based wireless telecommunications carrier.
Savina Consulting LLC DCI Consulting Group Inc DCI Consulting Group Inc acquired Savina Consulting LLC, a Denver-based provider of legal services.
Reimagine Holdings Group Inc Dynata Dynata, a unit of Research Now Group Inc, agreed to acquire Reimagine Holdings Group Inc, a Westport-based provider of financial investment services.
Comedy Zone Worldwide EastCoast Entertainment EastCoast Entertainment, a unit of RAM Entertainment & SpecialCEvents Services LLC, acquired the entire share capital of Comedy Zone Worldwide, a Charlotte-based theater company.
SLAIT Consulting LLC ePlus Technology Inc ePlus Technology Inc, a unit of ePlus Inc, acquired SLAIT Consulting LLC, a Virginia Beach-based software publisher.
Osmose Utilities Services Inc EQT Partners AB EQT Partners AB of Sweden acquired the state-owned Osmose Utilities Services Inc, a Tyrone-based provider of engineering services, via a leveraged buyout transaction.
Frontier Communications Corp-Wireless Tower Assets Portfolio Everest Infrastructure Partners Inc Everest Infrastructure Partners Inc acquired wireless tower assets portfolio of Frontier Communications Corp, a Stamford-based wired telecommunications carrier.
Echo Summit Properties LLC Golden Key LLC Golden Key LLC acquired Echo Summit Properties LLC, a Centennial-based residential property manager.
Business Marketing Group Inc Halma PLC Halma PLC of the UK acquired Business Marketing Group Inc, a Kirkland-based provider of management consulting services.
North American Rescue LLC Henry Schein Inc Henry Schein Inc definitively agreed to acquire a 93% interest in North American Rescue LLC, a Greer-based health and personal care merchandise retailer, from Blue Wolf Capital Partners LLC.
PetroChem Recovery Services Inc HEPACO LLC HEPACO LLC, a unit of Gryphon Investors Inc, acquired PetroChem Recovery Services Inc, a Norfolk-based government administration establishment for air and water resource and solid waste management, from Succession Capital Partners LLC, ultimately owned by Lynx Equity Ltd.
Fulcrum IT Services LLC Huntington Ingalls Industries Inc Huntington Ingalls Industries Inc plans to acquire Fulcrum IT Services LLC, a Centreville-based software publisher.
1 Ramland Road,Orangeburg,NY Investor Group An investor group, comprising CIM Group LP and fifteenfortyseven Critical Systems Realty LLC, acquired an existing 232,000 sq ft data center at 1 Ramland Road in Orangeburg, New York.
Auris Health Inc Johnson & Johnson Johnson & Johnson is rumored to be planning to acquire Auris Health Inc, a Redwood City-based manufacturer of navigational, measuring, electromedical and control Instruments. Sources revealed that the deal was valued at around $2 bil.
Mid-America Risk Managers Inc K2 Insurance Services LLC K2 Insurance Services LLC acquired Mid-America Risk Managers Inc, an Omaha-based insurance agency.
Rim Tec Inc Kyriba Corp Kyriba Corp agreed to acquire Rim Tec Inc, a Scottsdale-based provider of foreign exchange exposures management solutions.
Bouchard Insurance Inc Marsh & McLennan Agency LLC Marsh & McLennan Agency LLC, a unit of Marsh Inc, agreed to acquire Bouchard Insurance Inc, a Clearwater-based insurance agency.
Sga Architecture Narmour Wright Architecture Narmour Wright Architecture acquired the entire share capital of Sga Architecture, a Pawleys Island-based provider of architectural services.
Orchid Orthopedic Solutions LLC Nordic Capital Fund IX Nordic Capital Fund IX of Sweden, a unit of Nordic Capital Advisory AB, agreed to acquire an undisclosed majority interest in Orchid Orthopedic Solutions LLC, a Holt-based manufacturer of surgical appliance and supplies, from Altor Fund III, ultimately owned by Altor Equity Partners AB.
Barcodes Inc Odyssey Investment Partners LLC Via a secondary buyout transaction, Odyssey Investment Partners LLC acquired Barcodes Inc, a Chicago-based manufacturer of computer peripheral equipment, from Cortec Group Fund V LP, ultimately owned by Cortec Group Inc. Previously, Cortec Group Fund V LP acquired Barcodes. Originally, Thomson Street Capital Partners acquired Barcodes.
Atlona Inc Panduit Corp Panduit Corp, a unit of Illinois Tool Works Inc, acquired Atlona Inc, a San Jose-based manufacturer of telephone apparatuses.
Rogue Wave Software Inc Perforce Software Inc Perforce Software Inc, a unit of Clearlake Capital Group LP, definitively agreed to acquire Rogue Wave Software Inc, a Louisville-based software publisher, from Healthvision Solutions Inc, owned by Quovadx Holdings Inc.
Ltx Solutions Redwood Logistics LLC Redwood Logistics LLC, a unit of CI Capital Partners LLC, acquired Ltx Solutions, an Atlanta-based provider of long-distance freight trucking services.
United Health Actuarial Services Inc Risk Strategies Co Inc Risk Strategies Co Inc, a unit of Kelso & Co LP, acquired United Health Actuarial Services Inc, a Carmel-based provider of management consulting services.
Woodforest National Bank-Asset Based & Equipment Finance Lending Business Sterling National Bank,Montebello,New York Sterling National Bank in Montebello, New York, a unit of Sterling Bancorp, definitively agreed to acquire the asset based & equipment finance lending business of Woodforest National Bank, a Houston-based commercial bank, ultimately owned by Woodforest Bancshares in Houston, Texas.
ABC Fire Extinguisher Co Inc Summit Fire Protection Co Summit Fire Protection Co, a unit of CI Capital Partners LLC, acquired ABC Fire Extinguisher Co Inc, a Reno-based provider of fire safety contractor services.
Speedway LLC-Certain Convenience Store Locations Sunoco LP Sunoco LP acquired certain convenience store locations of Speedway LLC, an Enon-based operator of gasoline stations with convenience stores. Concurrently, Sunoco acquired the wholesale fuel distribution business of Schmitt Sales Inc. Both transactions have a combined value of around $50 million.
Locus Telecommunications Inc Telrite Holdings Inc Telrite Holdings Inc agreed to acquire Locus Telecommunications Inc, an Englewood Cliffs-based wireless telecommunications carrier. The transaction will include H2O Wireless.
Repay Holdings LLC Thunder Bridge Acquisition Ltd Thunder Bridge Acquisition Ltd definitively agreed to acquire the entire share capital of Repay Holdings LLC, an Atlanta-based provider of financial transactions services. Upon completion of the deal, Thunder Bridge will be renamed as Repay Holdings Corp.
R2G Services LLC Transaction Network Services Inc Transaction Network Services Inc, jointly owned by TNS Inc and Gtcr LLC, acquired R2G Services LLC, a Chicago-based provider of professional services.
The CDL School Inc TransForce Inc TransForce Inc, a unit of Palladium Equity Partners LLC, acquired The CDL School Inc, a Coral Gables-based owner and operator of commercial truck driving school.
Veritas Prep LLC Varsity Tutors LLC Varsity Tutors LLC acquired Veritas Prep LLC, a Malibu-based provider of educational support services.
National Technologies Associates Inc VT Group PLC VT Group PLC, a unit of Babcock International Group PLC, acquired National Technologies Associates Inc, an Arlington-based provider of professional services.
Summit Planning Group LLC Wealth Enhancement Group LLC Wealth Enhancement Group LLC, a unit of Lightyear Capital LLC, agreed to acquire Summit Planning Group LLC, a Green Bay-based provider of administrative management and general management consulting services.
New Form Entertainment Whistle Sports Inc Whistle Sports Inc acquired New Form Entertainment, a Los Angeles-based producer of motion pictures and videos.
US M&A Deals Announced January 18 to 24, 2019
Source: Thomson Reuters
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