TargetAcquirerValue ($millions)Synopsis
Great-West Life & Annuity Insurance Co-Life Insurance & Annuity BusinessProtective Life Insurance Co1,200.0Protective 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 Group610.0The 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 IncViacom Inc340.0Viacom 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 IncDanfoss Power Solutions Inc95.1Danfoss 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 BusinessSunoco LP50.0Sunoco 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 CorpCommunity Bank System Inc45.3Community 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 IncBank First National Corp41.0Bank 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 BusinessSpinrite LP37.0Spinrite 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 IncCitizens Community Bancorp Inc,Eau Claire,Wisconsin21.6Citizens 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 PlantAttis Industries Inc20.0Attis 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 IncConverge Technology Solutions Corp11.5Converge 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, CAHenley Tower1611.0Henley 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 CoCematrix Corp7.3Cematrix 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 IncANSYS IncANSYS Inc definitively agreed to acquire Helic Inc, a Santa Clara-based software publisher.
The Langley AgencyAssuredPartners IncAssuredPartners Inc, a unit of Apax Partners LP, acquired The Langley Agency, a Boca Raton-based insurance agency.
Tirschwell & Loewy IncBeacon Investment Advisory Services IncBeacon 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 & AssetsBombardier IncBombardier 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,PABonduelle SABonduelle 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 LLCCalamos Investments LLCCalamos Investments LLC definitively agreed to acquire Timpani Capital Management LLC, a Milwaukee-based investment advisor.
Synchrony Financial-Walmart Inc Credit Card Loan PortfolioCapital One Financial CorpCapital 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 BusinessChemetall Us IncChemetall 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 IncCircusTrix Holdings LLCCircusTrix Holdings LLC acquired Planet 3 Inc, a provider of recreation services.
E-Tel Systems CorpComstar Technologies LLCComstar Technologies LLC acquired E-Tel Systems Corp, a Dulles-based wireless telecommunications carrier.
Savina Consulting LLCDCI Consulting Group IncDCI Consulting Group Inc acquired Savina Consulting LLC, a Denver-based provider of legal services.
Reimagine Holdings Group IncDynataDynata, a unit of Research Now Group Inc, agreed to acquire Reimagine Holdings Group Inc, a Westport-based provider of financial investment services.
Comedy Zone WorldwideEastCoast EntertainmentEastCoast 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 LLCePlus Technology IncePlus Technology Inc, a unit of ePlus Inc, acquired SLAIT Consulting LLC, a Virginia Beach-based software publisher.
Osmose Utilities Services IncEQT Partners ABEQT 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 PortfolioEverest Infrastructure Partners IncEverest Infrastructure Partners Inc acquired wireless tower assets portfolio of Frontier Communications Corp, a Stamford-based wired telecommunications carrier.
Echo Summit Properties LLCGolden Key LLCGolden Key LLC acquired Echo Summit Properties LLC, a Centennial-based residential property manager.
Business Marketing Group IncHalma PLCHalma PLC of the UK acquired Business Marketing Group Inc, a Kirkland-based provider of management consulting services.
North American Rescue LLCHenry Schein IncHenry 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 IncHEPACO LLCHEPACO 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 LLCHuntington Ingalls Industries IncHuntington Ingalls Industries Inc plans to acquire Fulcrum IT Services LLC, a Centreville-based software publisher.
1 Ramland Road,Orangeburg,NYInvestor GroupAn 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 IncJohnson & JohnsonJohnson & 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 IncK2 Insurance Services LLCK2 Insurance Services LLC acquired Mid-America Risk Managers Inc, an Omaha-based insurance agency.
Rim Tec IncKyriba CorpKyriba Corp agreed to acquire Rim Tec Inc, a Scottsdale-based provider of foreign exchange exposures management solutions.
Bouchard Insurance IncMarsh & McLennan Agency LLCMarsh & McLennan Agency LLC, a unit of Marsh Inc, agreed to acquire Bouchard Insurance Inc, a Clearwater-based insurance agency.
Sga ArchitectureNarmour Wright ArchitectureNarmour Wright Architecture acquired the entire share capital of Sga Architecture, a Pawleys Island-based provider of architectural services.
Orchid Orthopedic Solutions LLCNordic Capital Fund IXNordic 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 IncOdyssey Investment Partners LLCVia 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 IncPanduit CorpPanduit Corp, a unit of Illinois Tool Works Inc, acquired Atlona Inc, a San Jose-based manufacturer of telephone apparatuses.
Rogue Wave Software IncPerforce Software IncPerforce 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 SolutionsRedwood Logistics LLCRedwood 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 IncRisk Strategies Co IncRisk 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 BusinessSterling National Bank,Montebello,New YorkSterling 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 IncSummit Fire Protection CoSummit 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 LocationsSunoco LPSunoco 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 IncTelrite Holdings IncTelrite Holdings Inc agreed to acquire Locus Telecommunications Inc, an Englewood Cliffs-based wireless telecommunications carrier. The transaction will include H2O Wireless.
Repay Holdings LLCThunder Bridge Acquisition LtdThunder 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 LLCTransaction Network Services IncTransaction 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 IncTransForce IncTransForce 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 LLCVarsity Tutors LLCVarsity Tutors LLC acquired Veritas Prep LLC, a Malibu-based provider of educational support services.
National Technologies Associates IncVT Group PLCVT Group PLC, a unit of Babcock International Group PLC, acquired National Technologies Associates Inc, an Arlington-based provider of professional services.
Summit Planning Group LLCWealth Enhancement Group LLCWealth 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 EntertainmentWhistle Sports IncWhistle 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