TargetAcquirerValue ($millions)Synopsis
Worldpay IncFidelity National Information Services Inc35031.9Fidelity 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 NarosevillecaliforniaMechanics Bankwalnut Creekcalifornia2100.0Mechanics 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 IncJones Lang LaSalle Inc1958.2Jones 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 Inc740.0TEGNA 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 BusinessIneos Enterprises Ltd700.0Ineos 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 Co505.0EW 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 BusinessIDEAL Industries Inc310.0IDEAL 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 IncAlcon Laboratories Inc285.0Alcon Laboratories Inc, a unit of Nestle SA, acquired Powervision Inc, a Belmont-based manufacturer of ophthalmic goods, for $285 mil.
1st Global IncBlucora Inc180.0Blucora Inc agreed to acquire 1st Global Inc, a Dallas-based portfolio manager, for a total $180 million in common stock.
Agilecraft LLCAtlassian Corp PLC154.0Atlassian 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 StationEW Scripps Co75.0EW 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,ConnecticutLiberty Bank,Middletown, Connecticut70.8Liberty 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 LLCCuraleaf Holdings Inc70.0Curaleaf 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 ApartmentsOakmont Properties67.0Oakmont Properties acquired North Main Apartments of Confluence Cos Inc, a Golden-based property constructor, for a total $67 mil.
Tactical Communications Group LLCCurtiss-Wright Corp50.0Curtiss-Wright Corp acquired Tactical Communications Group LLC, a Tewksbury-based software publisher, for $50 million in cash.
Vegas.com LLCVdc-Mgg Holdings LLC45.0Vdc-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 GroupDentaQuest LLC41.5DentaQuest 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,NJFirst Bank,Hamilton,NJ19.4First 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 CenterCNL Healthcare Properties II Inc15.4CNL 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 TrainUnited Rail Inc0.5United 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 IncAllovue IncAllovue Inc acquired Equiday Inc, a Rockville-based provider of education budget planning services.
Option Care Enterprises IncBioScrip IncBioScrip 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 IncBlackstone Group LPBlackstone 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 IncBoise Cascade CoBoise Cascade Co planned to acquire American Lumber Distributors & Brokers Inc, a Birmingham-based building material dealer.
Owen Group IncBureau Veritas SABureau Veritas SA of France acquired Owen Group Inc, a Los Angeles-based provider of construction consulting services. Terms were not disclosed.
MedEval Clinic LLCCb2 Insights IncCb2 Insights Inc of Canada agreed to acquire MedEval Clinic LLC, outpatient care center operator for undisclosed cash and common shares.
Capital Pumping LPConcrete Pumping Holdings IncConcrete Pumping Holdings Inc, a unit of Industrea Acquisition Corp, definitively agreed to acquire Capital Pumping LP, an Austin-based concrete pumping contractor.
Sterling ServicesContinental Services IncContinental Services Inc, a unit of INFOCUS Marketing Inc, acquired Sterling Services, a Canton-based provider of food management and corporate catering services.
Assist Megacorp IncConversocial IncConversocial Inc planned to acquire Assist Megacorp Inc, provider of custom computer programming services.
Hemmelgarn & Sons IncCooper Farms IncCooper Farms Inc acquired assets Hemmelgarn & Sons Inc, a Coldwater-based producer of chicken eggs.
Barrington Place At Somerset,Montgomery,ALCore Pacific Advisors LLCCore Pacific Advisors LLC acquired Barrington Place At Somerset, a Montgomery-based lessor of real estate property. Terms were not disclosed.
Caesars Entertainment CorpEldorado Resorts IncEldorado 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-AssetsEnnis IncEnnis 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 IncFemco Machine CoFemco Machine Co, a unit of Saugatuck Associates, acquired ELMCO Engineering Inc, an Indianapolis-based manufacturer of commercial and service industry machinery.
Logans Gap Wind LLCFirstar Development LLCFirstar 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 ServicesGoldman Sachs Asset Management LPGoldman 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 IncGraal Bio Investimentos SAGraal 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 IncGrapefruit Boulevard Investments IncGrapefruit 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 LLCHanson Insurance GroupHanson Insurance Group acquired KMI Insurance LLC, a McMinnville-based insurance agency.
Lighthouse 360Henry Schein One LLCHenry 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 IncHub International LtdHub International Ltd, a unit of Hellman & Friedman LLC, acquired RiteHealth Solutions Inc, a Lafayette-based insurance agency. Terms were not disclosed.
Green Grow Farms IncIconic Brands IncIconic Brands Inc entered into a letter of intent {LOI} to acquire Green Grow Farms Inc, manufacturer of medicinals and botanicals.
Chemscan IncIn-Situ IncIn-Situ Inc acquired Chemscan Inc, a Waukesha-based manufacturer of measuring and controlling devices.
FIG Partners LLCJanney Montgomery Scott LLCJanney 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 LLCJWB Real Estate Capital LLCJWB Real Estate Capital LLC acquired Playa Realty & Management LLC, a Ponte Vedra Beach-based residential property manager.
Adell CorpKinderhook Industries LLCKinderhook Industries LLC acquired Adell Corp, a Sunnyvale-based manufacturer of protective door edge guards, in a leveraged buyout transaction.
Western Industries Plastic Products LLCLJC Investments IV LLCLJC 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 LLCMedalist Partners LPMedalist 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 LeadMinute Media LtdMinute Media Ltd of the UK acquired The Big Lead, provider of online news services.
NYK Terminals (North America) IncMIP III Bluefin B Holdco LPMIP 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 LLCMLF Financial Group CoMlf 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 TrustMorgan Properties Trust acquired Apartment Properties, a Philadelphia-based lessor of residential buildings and dwellings.
Mmds Mobile X-RayNational Mobile X Ray LLCNational Mobile X Ray LLC acquired Mmds Mobile X- Ray, an Asheville-based diagnostic imaging center operator. Terms were not disclosed.
Republic Midstream LLCNuevo Midstream Dos LLCNuevo 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 BusinessOne Rock Capital Partners LLCOne 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 BusinessPeak Rock Capital LLCPeak 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 LLCPerformance Food Group CoPerformance 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 LLCScaleMatrix Holdings IncScaleMatrix Holdings Inc acquired Instant Data Centers LLC, a Chandler-based provider of micro data centers support services.
Triple Aim Ventures LLCSignify Health LLCSignify 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 LLCStandard Industrial Manufacturing Partners LLCStandard 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 IncThe Jordan Co LPThe 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 CorpThe Sterling Group LPThe 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 BusinessVeritext Legal SolutionsVeritext 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 LLCWellspring 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 LLCWilliams Partners LPWilliams 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