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 | | | |