Target Acquirer Value ($millions) Synopsis
Oryx Southern Delaware Holdings LLC Stonepeak Infrastructure Partners LP 3600.0 Stonepeak Infrastructure Partners LP agreed to acquire Oryx Southern Delaware Holdings LLC, an Austin-based provider of pipeline transportation services of crude oil, from Quantum Energy Partners LLC, Post Oak Energy Capital LP, Concho Resources Inc, WPX Energy Inc and other shareholders, in a leveraged buyout transaction. Concurrently, Stonepeak agreed to acquire Oryx Delaware Holdings LLC. The two transactions were to have a combined value of an estimated $ 3.6 billion in cash.
AmeriGas Partners LP UGI Corp 2446.1 UGI Corp definitively agreed to acquire 69.241 million common shares, or a 74.454% remaining interest, which it did not already own, in AmeriGas Partners LP, a King of Prussia- based liquefied petroleum gas dealer, in a stock swap transaction valued at $ 2.446 billion . UGI offered a choice of 0.6378 UGI common share, or $ 7.63 in cash and 0.5 UGI common share, or $ 35.325 in cash per AmeriGas share. Based on UGI’s closing stock price of $ 55.39 on 1 April 2019, the last full trading day prior to the announcement, each AmeriGas share was valued at $ 35.328 per share.
Constellation Brands Inc-Wine & Spirits Portfolio E & J Gallo Winery Inc 1700.0 E & J Gallo Winery Inc, a unit of Service Distributing Inc (Service), agreed to acquire wine & spirits portfolio of Constellation Brands Inc, a Victor- based winery, for an estimated $ 1.7 billion . Originally, on February 2019, Constellation announced that it was seeking a buyer for its lower-end wine brands. The transaction was to include the acquisition of several production facilities across the US.
IFM Tre Inc Novartis AG 1575.0 Novartis AG of Switzerland definitively agreed to acquire the entire share capital of IFM Tre Inc, a Boston-based manufacturer of anti-inflammatory medicines, from IFM Therapeutics LLC, owned by Innate Tumor Immunity Inc, ultimately owned by Bristol- Myers Squibb Co, for an estimated $ 1.575 billion . The consideration was to consist of $ 310 million plus up to $ 1.265 billion in profit-related payments.
MG LLC Willis Towers Watson PLC 1400.0 Willis Towers Watson PLC of the UK definitively agreed to merge with MG LLC, a Fort Lee-based provider of digital marketing consulting services, from Clayton Dubilier & Rice LLC, ultimately owned by Clayton Dubilier & Rice Holdings LP, for an estimated $ 1.4 billion . The consideration was to consist of a choice of an estimated $ 1.2 billion in cash and up to $ 200 million in profit-related payments or an estimated $ 1.1 billion in cash, $ 100 million in Willis ordinary shares and up to $ 200 million in profit-related payments.
Kellogg Co-Cookies & Fruit Snacks Business Ferrero International SA 1300.0 Ferrero International SA of Luxembourg definitively agreed to acquire cookies & fruit snacks business of Kellogg Co (Kellogg), a Battle Creek-based manufacturer of breakfast cereals, for an estimated $ 1.3 billion and the assumption of undisclosed liabilities. Originally, in November 2018, Kellogg, a Battle Creek-based manufacturer of breakfast cereals, announced that it was seeking a buyer for its cookies & fruit snacks business. Ferrero SPA, Hostess Brands LLC and B&G Foods Inc were named rumored bidders.
Ameriprise Auto & Home Insurance Agency Inc American Family Mutual Insurance Co 1050.0 American Family Mutual Insurance Co agreed to acquire Ameriprise Auto & Home Insurance Agency Inc, a De Pere-based direct property and casualty insurance carrier, from Ameriprise Financial Inc, for an estimated $ 1.05 billion in cash. Originally, in February 2019, Ameriprise announced that it was seeking a buyer for its AAH unit.
Fidelity Communications Co-Certain Assets Cable One Inc 525.9 Cable One Inc definitively agreed to acquire certain assets of Fidelity Communications Co-Certain Assets, a Sullivan-based telecommunications reseller, for a total $ 525.9 million in cash.
Class B Apartment Communities(7) Washington Real Estate Investment Trust 461.0 Washington Real Estate Investment Trust agreed to acquire 7 Class B apartment communities, lessor of residential buildings and dwellings, for an estimated $ 461 mil.
Xevo Inc Lear Corp 320.0 Lear Corp agreed to acquire the entire share capital of Xevo Inc, a Kirkland-based software publisher, for $ 320 mil.
Alacare Home Health & Hospice Inc Encompass Health Corp 217.5 Encompass Health Corp definitively agreed to acquire Alacare Home Health & Hospice Inc, a Birmingham-based provider of home health, hospice and palliative care services, for an estimated $ 217.5 million in cash.
Sambanova Systems Inc Investor Group 150.0 An investor group, comprised of Atlantic Bridge Ventures LLP, GV Management Co LLC, a unit of Google Inc, Intel Capital Corp, a unit of Intel Corp, Redline Capital Management SA and Walden International acquired Sambanova Systems Inc, a Palo Alto-based software publisher, for a total $ 150 mil.
Chemistry Holdings Inc Cure Pharmaceutical Holding Corp 141.1 Cure Pharmaceutical Holding Corp, agreed to acquire the entire share capital of Chemistry Holdings Inc, a Santa Monica-based provider of biotechnology research and development services, for a total $ 141.118 mil, in a stock swap transaction. The shares were values based on Cure’s closing stock price of $ 4.4 on 29 March 2019, the last full trading prior the announcement.
AC Hotel San Jose,California AVR Realty Co LLC 95.4 AVR Realty Co LLC acquired AC Hotel San Jose, a San Jose-based hotel operator, for a total $ 95.4 mil.
Diamond Chain Co Inc Timken Co 84.0 Timken Co acquired Diamond Chain Co Inc, an Indianapolis-based manufacturer of roller chains, from Amsted Industries Inc. Concurrently, Timken acquired Diamond Chain (UK) Ltd. The two transactions had a combined value of $ 84 mil.
Lexington Lion Weston I LP-Warehouses(2) Cabot Properties Inc 63.1 Cabot Properties Inc, a unit of CalWest Industrial Properties LLC, acquired 2 warehouses of Lexington Lion Weston I LP, a New York City-based lessor of nonresidential buildings, for a total of $ 63.05 mil.
Kysorwarren Epta SpA 49.0 Epta SpA of Italy acquired Kysorwarren, a Columbus-based manufacturer of air-conditioning equipment, from Lennox International Inc, for a total $ 49 million in cash.
Century Trinity Estates Apartments Spyglass Capital Partners LLC 49.0 Spyglass Capital Partners LLC acquired Century Trinity Estates Apartments, a Durham-based lessor of real estate property, from Centennial Addington Farms LLC, for an estimated $ 49 mil, in a leveraged buyout transaction.
Fremont Distribution Center,Fremont,California Jones Lang LaSalle Income Property Trust Inc 47.0 Jones Lang LaSalle Income Property Trust Inc acquired Fremont Distribution Center, a Fremont-based lessor of nonresidential buildings, for a total $ 47 mil.
Sierra Monitor Corp MSA Safety Inc 36.7 MSA Safety Inc definitively agreed to acquire the entire share capital of Sierra Monitor Corp, a Milpitas-based manufacturer of totalizing fluid meters and counting devices, for $ 3.25 in cash or a total value of $ 36.725 mil.
Homestar Financial Corp Midland States Bancorp Inc 33.4 Midland States Bancorp Inc definitively agreed to acquire the entire share capital of Homestar Financial Corp, a Gainesville-based commercial bank, for a total $ 33.406 million. The consideration was to consist od $ 23.5 million in cash and 0.405 million common shares valued at $ 9.906 mil.
Renaissance At Galleria Apartment Myers Apartment Group 23.2 Myers Apartment Group acquired Renaissance At Galleria Apartment, a Hoover-based residential property manager, for a total $ 23.2 mil.
Vista Gardens Memory Care Northstar Commercial Partners LLC 22.8 Northstar Commercial Partners LLC acquired Vista Gardens Memory Care, a San Diego-based nursing care facility operator, for a total $ 22.8 mil.
CBD for Life iAnthus Capital Holdings Inc 18.8 iAnthus Capital Holdings Inc (iAnthus) signed Letter of Intent to acquire the entire share capital of CBD for Life, manufacturer of pain management and beauty products, in exchange for 2.530 million common shares, or a total $ 18.847 mil, in a stock swap transaction. The shares were valued based on iAnthus’ closing stock price of $ 7.45 on 28 March 2019, the last full trading day prior to the announcement.
Schaffner Manufacturing Co Inc Jason Industries Inc 11.0 Jason Industries Inc acquired Schaffner Manufacturing Co Inc, a Pittsburgh-based manufacturer of abrasive products, for a total $ 11 million in cash.
Power Hawk Technologies Inc Snap-On Inc 8.0 Snap-On Inc acquired Power Hawk Technologies Inc, a Rockaway-based manufacturer of hand and edge tools, for $ 8 million in cash.
Southwestern Montana Insurance Agency Reliance Global Holdings LLC 2.3 Reliance Global Holdings LLC acquired Southwestern Montana Insurance Agency, a Belgrade-based insurance agency, for a total $ 2.338 mil.
Droga5 LLC Accenture PLC Accenture PLC of Republic of Ireland agreed to acquire Droga5 LLC, a New York-based provider of advertising related services. Terms were not disclosed.
3d Material Technologies LLC Aerojet Rocketdyne Holdings Inc Aerojet Rocketdyne Holdings Inc acquired 3d Material Technologies LLC, a Daytona Beach-based manufacturer of additive, 3D Printing. prototyping and tooling.
Ashford Apartments Allied Orion Group LLC Allied Orion Group LLC acquired Ashford Apartments, a Houston-based lessor of residential buildings and dwellings.
Truckfitters Inc Big Tex Trailer World Inc Big Tex Trailer World Inc acquired Truckfitters Inc, a Shiner-based manufacturer of truck trailers, from Kaspar Companies Inc.
Connector Tech LLC BJG Electronics Inc BJG Electronics Inc, a unit of Rockwood Equity Partners LLC, acquired Connector Tech LLC, a Kalispell-based wholesaler of electronic connectors.
Cannus Partners Inc Canadian Imperial Venture Corp Canadian Imperial Venture Corp of Canada agreed to merge with Cannus Partners Inc, manufacturer of medicinals and botanicals, in a stock swap reverse takeover transaction. Upon completion, the merged entity was to be named Ikanic Farms.
Peoples Holdings LLC-Type 7 Volatile Solvent Extraction facility Captor Capital Corp Captor Capital Corp of Canada signed a Letter of Intent to acquire the entire share capital of Type 7 Volatile Solvent Extraction facility of Peoples Holdings LLC, provider of financial investment services.
MicroConnex Corporation Carlisle Cos Inc Carlisle Cos Inc acquired MicroConnex Corporation, a Snoqualmie- based manufacturer of complex flexible circuits and laser micro machining.
One World Fitness PFF LLC Centre Partners Management LLC Centre Partners Management LLC acquired an undisclosed majority interest in One World Fitness PFF LLC, a Windham-based fitness and recreational sports center operator, in a leveraged buyout transaction. Terms were not disclosed.
Pcs Holdings LLC Chaney Enterprises LP Chaney Enterprises LP acquired PCS Holdings LLC, an Annapolis Junction-based manufacturer of ready-mix concrete.
Rimo Therapeutics Inc Coordination Pharmaceuticals Inc Coordination Pharmaceuticals Inc planned to acquire the entire share capital of Rimo Therapeutics Inc, an Elk Grove-based manufacturer of pharmaceutical preparation.
Torc Robotics Inc Daimler Trucks & Buses US Holding Inc Daimler Trucks & Buses US Holding Inc, a unit of Daimler AG, planned to acquire an undisclosed majority interest in Torc Robotics Inc, a Blacksburg-based provider of software solutions services.
Edward Andrews Homes LLC Empire Communities Ltd Empire Communities Ltd of Canada acquired an undisclosed majority interest in Edward Andrews Homes LLC, an Atlanta-based housing operative builder. Terms were not disclosed.
EnergyQuest II LLC-Producing Oil & Gas Assets Empire Petroleum Corp Empire Petroleum Corp, a unit of Americomm Resources Corp, acquired producing oil & gas assets of EnergyQuest II LLC, a Houston-based producer of crude petroleum and natural gas, ultimately owned by Quantum Energy Partners LLC.
Finger Lakes Clinical Research Evolution Research Group LLC Evolution Research Group LLC, a unit of Linden LLC, acquired Finger Lakes Clinical Research, a Rochester-based provider of research and development services.
Viking Access Systems LLC FAAC Inc FAAC Inc, a unit of Arotech Corp, acquired Viking Access Systems LLC, an Irvine-based manufacturer of electrical equipment.
Triumph Expo & Events Inc Fern Exposition & Event Services Fern Exposition & Event Services acquired Triumph Expo & Events Inc, a Seattle-based display advertising agency. Terms were not disclosed.
Probilt Services Fontaine Modification Co Fontaine Modification Co acquired Probilt Services, provider of road transportation support services.
Circle 8 Logistics Inc Globaltranz Enterprises Inc Globaltranz Enterprises Inc, a unit of The Jordan Co LP, acquired Circle 8 Logistics Inc, a Lombard- based provider of logistics consulting services.
American Megatrends International LLC HGGC LLC HGGC LLC acquired an undisclosed majority interest in American Megatrends International LLC, a Norcross-based manufacturer of computer storage devices, in a leveraged buyout transaction. Terms were not disclosed.
Blue Prairie Group LLC HPM Partners LLC HPM Partners LLC, a unit of Lightyear Capital LLC, planned to merge with Blue Prairie Group LLC, a Chicago-based investment advisor, from Fi360 Inc.
Premiere Risk Management Ltd Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Premiere Risk Management Ltd, a Lisle-based provider of commercial insurance and brokerages services.
Internet Truckstop Group LLC ICONIQ Capital LLC ICONIQ Capital LLC acquired Internet Truckstop Group LLC, a New Plymouth-based provider of freight transportation arrangement services.
gwabbit Inc Intapp Inc Intapp Inc acquired gwabbit Inc, a Palo Alto- based software publisher.
Barclays Center Joe Tsai Joe Tsai of China was rumored to be planning to acquire an undisclosed majority interest in Barclays Center, a Brooklyn-based event promoter, from Forest City Ratner Cos LLC, owned by Forest City Enterprises Inc.
Capital Contractors Inc Kellermeyer Bergensons Services LLC Kellermeyer Bergensons Services LLC, a unit of GI Partners LLP, acquired Capital Contractors Inc, a Melville-based provider of janitorial services.
Enerparc Inc Kirkbi As Kirkbi As of Denmark planned to acquire an undisclosed majority interest in Enerparc Inc, an Oakland-based provider of engineering services, from Enerparc AG, ultimately owned by Systaic AG. Financial terms were not disclosed.
LDI Advisors Labrum Wealth Management LLC Labrum Wealth Management LLC merged with LDI Advisors, a Scottsdale-based investment advisor.
Beck Packaging Corp Lindenmeyr Munroe Co Lindenmeyr Munroe Co, a unit of Central National- GottesmanInc, acquired Beck Packaging Corp, an Allentown-based manufacturer of packaging machinery.
PCT Ltd Magnolia Colombia Ltd Magnolia Colombia Ltd of Canada signed a Letter of Intent to merged with PCT Ltd, a Little River-based financial vehicle, in a stock swap reverse takeover transaction. Upon completion, Magnolia Colombia and PCT were to own 40% and 60%, respectively, in the merged entity.
Chuck’s Vintage Inc MediCan Enterprises Inc MediCan Enterprises Inc acquired Chuck’s Vintage Inc, a Los Angeles-based family clothing retailer.
Powerhouse Dynamics Inc Middleby Corp Middleby Corp acquired Powerhouse Dynamics Inc, a Newton-based software publisher.
Kemp Technologies Inc Mill Point Capital Partners LP Mill Point Capital Partners LP, a unit of Millstein & Co LP, acquired Kemp Technologies Inc, a New York City-based software publisher, in a leveraged buyout transaction.
Embrace Pet Insurance NSM Insurance Group Inc NSM Insurance Group Inc, a unit of ABRY Partners LLC, acquired Embrace Pet Insurance, a Cleveland-based provider pet insurance services.
Cognosante Consulting LLC NTT DATA Services LLC NTT DATA Services LLC, a unit of NTT Data Services LLC, acquired Cognosante Consulting LLC, a McLean-based provider of administrative management and general management consulting services, from Cognosante LLC.
Allied Concrete Products Inc Oldcastle Inc Oldcastle Inc, a unit of CRH PLC, acquired Allied Concrete Products Inc, a Charlottesville-based provider of concrete, masonry, and hardscape products.
Omni-ID Inc-ProVIEW Solutions Business Panasonic Corp of North America Panasonic Corp of North America, a unit of Panasonic Corp, acquired ProVIEW solutions business of Omni-ID Inc, a Rochester-based provider of logistics consulting services.
Restore Rehabilitation Group Inc Paradigm Corp Paradigm Corp, a unit of OMERS Private Equity Inc, acquired Restore Rehabilitation Group Inc, an Owings Mills-based direct life insurance carrier. Terms were not disclosed.
AgileHR PrismHR PrismHR, a unit of Summit Partners LP, acquired AgileHR, a Wichita-based provider of talent management software. Terms were not disclosed.
Epsilon Data Management LLC Publicis Groupe SA Publicis Groupe SA of France planned to acquire Epsilon Data Management LLC, an Irving-based provider of marketing consulting services, from Alliance Data Systems Corp (ADS). Originally, in November 2018, ADS announced that it was seeking a buyer for its Epsilon unit. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $ 5 billion .
Firstbank-Wholesale Mortgage Origination Operations Renasant Corp Renasant Corp planned to acquire the wholesale mortgage origination operations of FirstBank, a Nashville-based commercial bank, ultimately owned by FB Financial Corp.
Tulip Molded Plastics Corp Richardson Molding Inc Richardson Molding Inc, a unit of Owner Resource Group LLC, merged with Tulip Molded Plastics Corp, a Milwaukee-based manufacturer of plastics profile shapes. On completion, the merged entity was named Tulip Richardson Manufacturing LLC.
Triangle Fastener Corp SFS Group AG SFS Group AG of Switzerland, acquired Triangle Fastener Corp, a Pittsburgh-based manufacturer of fasteners.
Leaf Healthcare Inc Smith & Nephew PLC Smith & Nephew PLC of the UK agreed to acquire Leaf Healthcare Inc, a Pleasanton-based software publisher. Terms were not disclosed.
Piermont Capital Management Inc Stifel Financial Corp Stifel Financial Corp acquired Piermont Capital Management Inc, a St. Louis-based intermediator. Terms were not disclosed.
Vanlaw Food Products Inc STIR Foods LLC STIR Foods LLC, a unit of Wind Point Partners LLC, acquired Vanlaw Food Products Inc, a Fullerton-based producer of of liquid flavorings, food colors, and beverage bases. Terms were not disclosed.
Oryx Delaware Holdings LLC Stonepeak Infrastructure Partners LP Stonepeak Infrastructure Partners LP agreed to acquire Oryx Delaware Holdings LLC, a Midland-based provider of pipeline transportation services of crude oil, from WPX Energy Inc, Post Oak Energy Capital LP, Concho Resources Inc, Quantum Energy Partners LLC and other shareholders, in a leveraged buyout transaction. Concurrently, Stonepeak agreed to acquire Oryx Southern Delaware Holdings LLC. The two transactions were to have a combined value of an estimated $ 3.6 billion in cash.
Aulick Leasing Corp TFI International Inc TFI International Inc (TFI) of Canada acquired Aulick Leasing Corp, a Scottsbluff-based provider of specialized freight trucking services. Concurrently, TFI acquired ShirAul LLC.
Shiraul LLC TFI International Inc TFI International Inc (TFI) of Canada acquired Shiraul LLC, a Sunnyside-based provider of automotive surfaces repair and maintenance services. Concurrently, TFI acquired Aulick Leasing Corp.
Mailgun Inc Thoma Bravo LLC Thoma Bravo LLC acquired a 50% interest in Mailgun Inc, a San Francisco-based internet service provider, from Rackspace Hosting Inc, owned by Apollo Global Management LLC and Turn/River Capital LP.
Proven Partners Group Inc Tilia Holdings Tilia Holdings acquired Proven Partners Group Inc, an Elgin-based manufacturer of dried and powdered foods, in a leveraged buyout transaction.
NAS Insurance Services Inc Tokio Marine Hcc Insurance Holdings (International) Ltd NAS Insurance Services Inc acquired Tokio Marine Hcc Insurance Holdings (International) Ltd, a Houston-based provider of specialty insurance services.
Lebanon HMA LLC Vanderbilt University Medical Center Vanderbilt University Medical Center, a unit of Vanderbilt University, definitively agreed to acquire Lebanon HMA LLC, a Lebanon-based owner and operator of hospital, from Community Health Systems Inc. Terms were not disclosed.
Newtek Inc Vizrt Ltd Vizrt Ltd of Norway, a unit of 24 October Holding AG, acquired Newtek Inc, a San Antonio-based software publisher.
Alacrity Renovation Services LLC Worley Claims Services LLC Worley Claims Services LLC, a unit of Aquiline Capital Partners LLC, acquired Alacrity Renovation Services LLC, a Eugene-based provider of managed home and commercial property repair and emergency services, from Lowe’s Cos Inc. Terms were not disclosed.
US M&A Deals Announced March 29 to April 5, 2019