The weekly wrap: FIS, Janney, Peak Rock

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Target Acquirer Value ($millions) Synopsis
Worldpay Inc Fidelity National Information Services Inc 35031.9 Fidelity National Information Services Inc (FIS) definitively agreed to merge with Worldpay Inc (Worldpay), a Cincinnati-based provider of payment processing services, in a stock swap transaction valued at $35. 032 billion. FIS offered $11 in cash and 0.9287 common share per Worldpay common share. Based on FIS' closing stock price of $108.88 on 15 March 2019, the last full trading day prior to the announcement, each Worldpay share was valued at $112. 117. Upon completion, FIS and Worldpay shareholders were to own 53% interest and 47% stake in the merged entity, respectively.
Rabobank Narosevillecalifornia Mechanics Bankwalnut Creekcalifornia 2100.0 Mechanics Bank, Walnut Creek, California (Mechanics), a unit of Ford Financial Fund II LP, definitively agreed to merge with Rabobank NA, Roseville, California (Rabobank), a Roseville-based commercial bank, from Cooperatieve Centrale Raiffeisen-Boerenleenbank BA, for an estimated $2.1 billion. Originally, in November 2018, Rabobank, was rumored to be seeking a buyer for its retail and wealth management operations.
HFF Inc Jones Lang LaSalle Inc 1958.2 Jones Lang LaSalle Inc (JLL) definitively agreed to acquire the entire share capital of HFF Inc (HFF), a Dallas-based full-service commercial real estate financial intermediary, for a total $1.958 billion. JLL offered $24.63 in cash per share and 0.1505 common share per HFF share. Based on JLL's closing stock price of $163.02 on 18 March 2019, the last full trading day prior to the announcement, each HFF share was valued at $49. 165. Upon completion, JLL and HFF were to own 87% and 13% in the combined entity respectively.
Nexstar Media Group Inc-Television Stations(11) TEGNA Inc 740.0 TEGNA Inc definitively agreed to acquire 11 television stations of Nexstar Media Group Inc (Nexstar), an Harrisburg-based television broadcaster, for $740 million in cash. Concurrently, EW Scripps Co definitively agreed to acquire 8 television stations and WPIX TV of Nexstar.
Tronox Ltd-North American Titanium Dioxide Business Ineos Enterprises Ltd 700.0 Ineos Enterprises Ltd of the UK, a unit of INEOS Ltd, definitively agreed to acquire North American titanium dioxide business of Tronox Ltd (Tronox), a Kwinana Beach-based manufacturer of pigments, for $700 million. The transaction was a condition to the completion of the acquisition of titanium dioxide business of National Titanium Dioxide Co Ltd by Tronox.
Nexstar Media Group Inc-Television Stations(6) EW Scripps Co 505.0 EW Scripps Co definitively agreed to acquire 6 television stations of Nexstar Media Group Inc (Nexstar), an Irving-based television broadcaster, for a total $505 million. Concurrently, TEGNA Inc and Scripps definitively agreed to acquire 11 television stations and WPIX TV station of Nexstar, respectively.
Cree Inc-Lighting Products Business IDEAL Industries Inc 310.0 IDEAL Industries Inc definitively agreed to acquire lighting products business of Cree Inc, a Durham-based manufacturer of semiconductors and related device, for an estimated $310 million. The consideration was to consist of $225 million in cash and up to $85 million in profit-related payments.
Powervision Inc Alcon Laboratories Inc 285.0 Alcon Laboratories Inc, a unit of Nestle SA, acquired Powervision Inc, a Belmont-based manufacturer of ophthalmic goods, for $285 mil.
1st Global Inc Blucora Inc 180.0 Blucora Inc agreed to acquire 1st Global Inc, a Dallas-based portfolio manager, for a total $180 million in common stock.
Agilecraft LLC Atlassian Corp PLC 154.0 Atlassian Corp PLC planned to acquire Agilecraft LLC, a Georgetown-based provider of computer systems design services, for $154 million in cash.
Nexstar Media Group Inc-WPIX TV Station EW Scripps Co 75.0 EW Scripps Co (Scripps) definitively agreed to acquire WPIX TV station of Nexstar Media Group Inc (Nextstar), an Irving-based television broadcaster, for a total $75 million. Concurrently, TEGNA Inc and Scripps definitively agreed to acquire 11 and 6 TV Stations in Nextstar, respectively.
SBT Bancorp Inc,Simsbury,Connecticut Liberty Bank,Middletown, Connecticut 70.8 Liberty Bank,Middletown, Connecticut definitively agreed to to acquire the entire share capital of SBT Bancorp Inc, a Weatogue-based commercial bank, for $51. 32 per share in cash or a total of $70.75 mil.
MachNV LLC Curaleaf Holdings Inc 70.0 Curaleaf Holdings Inc (Curaleaf) of Canada definitively agreed to acquire MachNV LLC, a Las Vegas-based retailer, for a total $70 million. The consideration was to consist of $25 million in cash, $45 million in Curaleaf common shares and an undisclosed amount in profit-related payments.
Confluence Cos Inc-North Main Apartments Oakmont Properties 67.0 Oakmont Properties acquired North Main Apartments of Confluence Cos Inc, a Golden-based property constructor, for a total $67 mil.
Tactical Communications Group LLC Curtiss-Wright Corp 50.0 Curtiss-Wright Corp acquired Tactical Communications Group LLC, a Tewksbury-based software publisher, for $50 million in cash.
Vegas.com LLC Vdc-Mgg Holdings LLC 45.0 Vdc-Mgg Holdings LLC planned to acquire Vegas.com LLC, a Las Vegas-based provider of ecommerce information services, from GreenSpun Media Group, ultimately owned by Niche Media Inc.
The Dental Care Plus Group DentaQuest LLC 41.5 DentaQuest LLC, a unit of Delta Dental Plan of Boston, planned to acquire The Dental Care Plus Group, a Cincinnati-based dentist's office operator, for a total $41.5 mil.
Grand Bank NA Inc,Hamilton,NJ First Bank,Hamilton,NJ 19.4 First Bank,Hamilton,NJ definitively agreed to acquire the entire share capital of Grand Bank NA Inc, a Hamilton-based commercial bank, for an estimated $19. 4 mil, in a stock swap transaction.
HCP Medical Office Buildings LLC-Mid-America Surgery Center CNL Healthcare Properties II Inc 15.4 CNL Healthcare Properties II Inc, a unit of CNL Financial Group Inc, acquired america surgery center of HCP Medical Office Buildings LLC-Mid, a Long Beach-based lessor of nonresidential buildings, for a total $15.4 mil.
Las Vegas Xpress Inc-X Wine Railroad Excursion Train United Rail Inc 0.5 United Rail Inc acquired x wine railroad excursion train of Las Vegas Xpress Inc, a Las Vegas-based commuter rail systems operator, for a total $0.5 mil.
Equiday Inc Allovue Inc Allovue Inc acquired Equiday Inc, a Rockville-based provider of education budget planning services.
Option Care Enterprises Inc BioScrip Inc BioScrip Inc definitively agreed to merged with Option Care Enterprises Inc, a Deerfield-based provider of home health care services, from Walgreen Co, ultimately owned by Walgreens Boots Alliance Inc, in exchange for undisclosed BioScrip's new common shares.
Servpro Industries Inc Blackstone Group LP Blackstone Group LP was rumored to be planning to acquire Servpro Industries Inc, a Gallatin-based provider of commercial repair and restoration services, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1 bil.
American Lumber Distributors & Brokers Inc Boise Cascade Co Boise Cascade Co planned to acquire American Lumber Distributors & Brokers Inc, a Birmingham-based building material dealer.
Owen Group Inc Bureau Veritas SA Bureau Veritas SA of France acquired Owen Group Inc, a Los Angeles-based provider of construction consulting services. Terms were not disclosed.
MedEval Clinic LLC Cb2 Insights Inc Cb2 Insights Inc of Canada agreed to acquire MedEval Clinic LLC, outpatient care center operator for undisclosed cash and common shares.
Capital Pumping LP Concrete Pumping Holdings Inc Concrete Pumping Holdings Inc, a unit of Industrea Acquisition Corp, definitively agreed to acquire Capital Pumping LP, an Austin-based concrete pumping contractor.
Sterling Services Continental Services Inc Continental Services Inc, a unit of INFOCUS Marketing Inc, acquired Sterling Services, a Canton-based provider of food management and corporate catering services.
Assist Megacorp Inc Conversocial Inc Conversocial Inc planned to acquire Assist Megacorp Inc, provider of custom computer programming services.
Hemmelgarn & Sons Inc Cooper Farms Inc Cooper Farms Inc acquired assets Hemmelgarn & Sons Inc, a Coldwater-based producer of chicken eggs.
Barrington Place At Somerset,Montgomery,AL Core Pacific Advisors LLC Core Pacific Advisors LLC acquired Barrington Place At Somerset, a Montgomery-based lessor of real estate property. Terms were not disclosed.
Caesars Entertainment Corp Eldorado Resorts Inc Eldorado Resorts Inc was rumored to be planning to acquire the remaining stake, which it did not already own, in Caesars Entertainment Corp, a Las Vegas-based casino hotel operator.
Integrated Print & Graphics Inc-Assets Ennis Inc Ennis Inc signed Letter of Intent {LoI} to acquire assets of Integrated Print & Graphics Inc, a South Elgin-based provider of graphic design services.
ELMCO Engineering Inc Femco Machine Co Femco Machine Co, a unit of Saugatuck Associates, acquired ELMCO Engineering Inc, an Indianapolis-based manufacturer of commercial and service industry machinery.
Logans Gap Wind LLC Firstar Development LLC Firstar Development LLC, a unit of US Bancorp, Minneapolis,Minnesota, planned to acquire Logans Gap Wind LLC, a Blanket-based alternative energy sources establishment, from Pattern Energy Group Inc.
Standard & Poors Investment Advisory Services Goldman Sachs Asset Management LP Goldman Sachs Asset Management LP, a unit of Goldman Sachs Group Inc, planned to acquire Standard & Poor's Investment Advisory Services, portfolio manager, from S&P Global Market Intelligence, ultimately owned by S&P Global Inc. Terms were not disclosed.
American Process Inc Graal Bio Investimentos SA Graal Bio Investimentos SA of Brazil, a unit of Graninvestimentos SA, acquired the remaining 75% interest, which it did not already own, in American Process Inc, an Atlanta-based manufacturer of petrochemicals.
Imaging3 Inc Grapefruit Boulevard Investments Inc Grapefruit Boulevard Investments Inc signed a Letter of Intent {LoI} to merge with Imaging3 Inc, provider of ambulatory health care services, in a reverse takeover transaction. Upon completion, GBI and Imaging3 were to own 80% and 20%, respectively, in the merged entity.
KMI Insurance LLC Hanson Insurance Group Hanson Insurance Group acquired KMI Insurance LLC, a McMinnville-based insurance agency.
Lighthouse 360 Henry Schein One LLC Henry Schein One LLC, jointly owned by Internet Brands Inc and Henry Schein Inc, acquired Lighthouse 360, a New York City-based provider of data processing and hosting services, from Web.com Inc, owned by Website Pros Inc. Terms were not disclosed.
RiteHealth Solutions Inc Hub International Ltd Hub International Ltd, a unit of Hellman & Friedman LLC, acquired RiteHealth Solutions Inc, a Lafayette-based insurance agency. Terms were not disclosed.
Green Grow Farms Inc Iconic Brands Inc Iconic Brands Inc entered into a letter of intent {LOI} to acquire Green Grow Farms Inc, manufacturer of medicinals and botanicals.
Chemscan Inc In-Situ Inc In-Situ Inc acquired Chemscan Inc, a Waukesha-based manufacturer of measuring and controlling devices.
FIG Partners LLC Janney Montgomery Scott LLC Janney Montgomery Scott LLC, a unit of Penn Mutual Life Insurance Co, agreed to acquire FIG Partners LLC, an Atlanta-based investment banking and equities research firm.
Playa Realty & Management LLC JWB Real Estate Capital LLC JWB Real Estate Capital LLC acquired Playa Realty & Management LLC, a Ponte Vedra Beach-based residential property manager.
Adell Corp Kinderhook Industries LLC Kinderhook Industries LLC acquired Adell Corp, a Sunnyvale-based manufacturer of protective door edge guards, in a leveraged buyout transaction.
Western Industries Plastic Products LLC LJC Investments IV LLC LJC Investments IV LLC, a unit of Littlejohn Capital LLC, acquired Western Industries Plastic Products LLC, a Winfield-based manufacturer of plastics and rubber industry machinery, from Speyside Equity LLC.
JMP Credit Advisors LLC Medalist Partners LP Medalist Partners LP acquired a 50.1% interest in JMP Credit Advisors LLC, an Alpharetta-based provider of sales financing services, from JMP Securities LLC, ultimately owned by JMP Group Inc.
The Big Lead Minute Media Ltd Minute Media Ltd of the UK acquired The Big Lead, provider of online news services.
NYK Terminals (North America) Inc MIP III Bluefin B Holdco LP MIP III Bluefin B Holdco LP acquired NYK Terminals (North America) Inc, an East Brunswick-based provider of logistics consulting services, from NYK Ports LLC, ultimately owned by Nippon Yusen Kabushiki Kaisha.
The Financial Xchange LLC MLF Financial Group Co Mlf Financial Group Co acquired The Financial Xchange LLC, a Bethesda-based provider of data processing and hosting services. Terms were not disclosed.
Apartment Properties,Philadelphia,PA(7) Morgan Properties Trust Morgan Properties Trust acquired Apartment Properties, a Philadelphia-based lessor of residential buildings and dwellings.
Mmds Mobile X-Ray National Mobile X Ray LLC National Mobile X Ray LLC acquired Mmds Mobile X- Ray, an Asheville-based diagnostic imaging center operator. Terms were not disclosed.
Republic Midstream LLC Nuevo Midstream Dos LLC Nuevo Midstream Dos LLC, a unit of ArcLight Capital Partners LLC, definitively agreed to acquire Republic Midstream LLC, a Houston-based intermediator.
Newell Brands Inc-Process Solutions Business One Rock Capital Partners LLC One Rock Capital Partners LLC definitively agreed to acquire Process Solutions Business of Newell Brands Inc, a Hoboken-based manufacturer and wholesaler of consumer and commercial products, in a leveraged buyout transaction.
Kroger Co-Turkey Hill Business Peak Rock Capital LLC Peak Rock Capital LLC definitively agreed to acquire Turkey Hill business of Kroger Co (Kroger), a Cincinnati-based supermarket operator, in a leveraged buyout transaction. Originally, in August 2018, Kroger was seeking a buyer for its Turkey Hill business.
Eby-Brown Co LLC Performance Food Group Co Performance Food Group Co, a unit of Blackstone Group LP, definitively agreed to acquire Eby-Brown Co LLC, a Naperville-based wholesaler and retailer of consumer products.
Instant Data Centers LLC ScaleMatrix Holdings Inc ScaleMatrix Holdings Inc acquired Instant Data Centers LLC, a Chandler-based provider of micro data centers support services.
Triple Aim Ventures LLC Signify Health LLC Signify Health LLC acquired Triple Aim Ventures LLC, a San Antonio-based provider of data processing and hosting services. Terms were not disclosed.
DH Pump & Supply LLC Standard Industrial Manufacturing Partners LLC Standard Industrial Manufacturing Partners LLC, a unit of Hicks Equity Partners LLC, merged with DH Pump & Supply LLC, a Weatherford-based manufacturer of nickel and tungsten carbide coated metal plungers. Terms were not disclosed.
Sabre Industries Inc The Jordan Co LP The Jordan Co LP definitively agreed to acquire Sabre Industries Inc (Sabre), an Alvarado-based manufacturer of steel pipes and tubes, from Kohlberg Investors VII LP (Kohlberg), ultimately owned by Kohlberg & Co LLC, in a secondary buyout transaction. Originally, Kohlberg acquired Sabre, in a leverage buyout transaction.
Polychem Corp The Sterling Group LP The Sterling Group LP acquired Polychem Corp, a Mentor-based manufacturer of commercial and service industry machinery, from Magellan Energy Ltd, in a leveraged buyout transaction.
Epiq Systems Inc-Court Reporting Business Veritext Legal Solutions Veritext Legal Solutions acquired court reporting business of Epiq Systems Inc, a Kansas City-based provider of custom computer programming services. Terms were not disclosed.
Center for Diagnostic Imaging Inc{CDI} Wellspring Capital Management LLC Wellspring Capital Management LLC acquired Center for Diagnostic Imaging Inc, a Minneapolis-based diagnostic imaging center operator, from Insight Imaging Inc, ultimately owned by Black Diamond Capital Management LLC. Terms were not disclosed.
Utica East Ohio Midstream LLC Williams Partners LP Williams Partners LP, a unit of The Williams Cos Inc, acquired the remaining 38% stake, which it did not already own, in Utica East Ohio Midstream LLC, producer of crude petroleum and natural gas, from its joint venture partner M3 Midstream LLC.
US M&A Deals Announced March 15 to 21, 2019
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