Weekly wrap: Genstar, OTC, Great Hill, Gizmodo, Kainos, Kettle Cuisine

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Target Acquirer Value ($millions) Synopsis
Harris Corp-Night Vision Business Elbit Systems of America LLC 350.0 Elbit Systems of America LLC, a unit of Elbit Systems Ltd, definitively agreed to acquire night vision business of Harris Corp (Harris), a Melbourne-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments, for USD 350 mil in cash. Originally, in January 2019, Harris was seeking a buyer for its night vision business. The transaction was conditioned upon the completion of the merger with L3 Technologies Inc by Harris.
JACK Cincinnati Casino Investor Group 780.0 An investor group, comprised of Hard Rock International PLC and VICI Properties Inc agreed to acquire JACK Cincinnati Casino, a Cincinnati-based casino operator, from Jack Entertainment LLC, ultimately owned by Rock Ventures LLC, for USD 780 mil. The transaction was to include Turfway Park.
Chemring Military Products Inc Global Ordnance LLC 4.0 Global Ordnance LLC acquired Chemring Military Products Inc, a Perry-based manufacturer of ammunition, from Chemring Group PLC, for USD 4 mil.
Merit Distribution Group Inc Center Rock Capital Partners LP Center Rock Capital Partners LP acquired Merit Distribution Group Inc, a Mesquite-based paint and wallpaper retailer, in a leveraged buyout transaction.
Pizza Hut Inc-Restaurants(75) GPS Hospitality LLC GPS Hospitality LLC acquired 75 restaurants of Pizza Hut Inc, a Plano-based limited-service restaurant operator, ultimately owned by Yum Brands Inc.
IdeaWork Studio Inc Once Upon A Time London Ltd Once Upon A Time London Ltd of the UK acquired IdeaWork Studio Inc, a Brooklyn-based advertising agency. Terms were not disclosed.
Sirius Computer Solutions Inc Clayton Dubilier & Rice LLC Clayton Dubilier & Rice LLC, a unit of Clayton Dubilier & Rice Holdings LP, agreed to acquire an undisclosed majority interest in Sirius Computer Solutions Inc (Sirius), a San Antonio- based provider of information technology services, from Kelso & Co LP (Kelso), in a tertiary buyout transaction. Previously, Kelso acquired an undisclosed majority interest in Sirius, from Thoma Cressey Equity Partners Inc (Thoma). Originally, Thoma acquired acquired an undisclosed majority interest in Sirius.
Gizmodo Media Group LLC Great Hill Partners LP Great Hill Partners LP (Great Hill) acquired Gizmodo Media Group LLC (Gizmodo), a New York City-based internet portal operator, from Univision Communications Inc, in a leveraged buyout transaction. Originally, in February 2019, Great Hill was rumored to be planning to acquire Gizmodo.
New Jersey Credit Union League Inc Pennsylvania Credit Union Association Pennsylvania Credit Union Association agreed to merge with New Jersey Credit Union League Inc, a Hightstown-based credit union.
Nexstar Media Group Inc-Indianapolis Stations(2) Circle City Broadcasting I Inc 42.5 Circle City Broadcasting I Inc definitively agreed to acquire 2 indianapolis stations of Nexstar Media Group Inc, an Irving-based television broadcaster, for a total USD 42.5 mil.
SpeedConnect LLC TPT Global Tech Inc 2.0 TPT Global Tech Inc definitively agreed to acquire SpeedConnect LLC, a Frankenmuth-based provider of wireless telecommunications services, for USD 2 mil. The consideration was to consist of USD 1 mil plus and 1 mil in promissory notes.
Noco Energy Corp-Noco Express Convenience Stores & Gas Stations(33) Marathon Petroleum Co LP Marathon Petroleum Co LP, a unit of Marathon Oil Corp, was rumored to be planning to acquire 33 noco express convenience stores & gas stations of Noco Energy Corp, petroleum and petroleum products merchant wholesaler, jointly owned by MW Energy Inc and Constellation NewEnergy Inc.
Landscape Depot Supply Inc SiteOne Landscape Supply Inc SiteOne Landscape Supply Inc acquired Landscape Depot Supply Inc, a Framingham- based hardscapes and landscape supplies retailer. Terms were not disclosed.
Wrench Group LLC Leonard Green & Partners LP Leonard Green & Partners LP agreed to acquire an undisclosed majority interest in Wrench Group LLC (Wrench), a Marietta-based provider of residential maintenance and repair services, from Investcorp International Ltd (Investcorp International), owned by Investcorp SA, in a secondary buyout transaction. Terms were not disclosed. Originally, Investcorp International acquired a majority interest in Wrench, in a leveraged buyout transaction.
The Harris Soup Co Kettle Cuisine LLC Kettle Cuisine LLC, a unit of Kainos Capital LLC, acquired The Harris Soup Co, a Portland-based manufacturer of perishable prepared foods, from JGC Foods LLC, ultimately owned by Joshua Green Corp. Terms were not disclosed.
Trilogy Education Services Inc 2U Inc 750.0 2U Inc agreed to acquire the entire share capital of Trilogy Education Services Inc, a New York City-based provider of educational support services, for a total USD 750 mil. The consideration was to consist of USD 400 mil in cash and USD 350 mil in 2U's newly issued common shares.
Nesco Sales & Rentals Inc Capitol Investment Corp Iv 271.1 Capitol Investment Corp IV (Capitol) definitively agreed to acquire the entire share capital of Nesco Sales & Rentals Inc (Nesco), a Bluffton-based new car dealer, from Energy Capital Partners LLC, for a total USD 271.093 mil, in a stock swap transaction. The consideration was to consist of USD 75 mil in cash, the issuance of 17.464 mil Capital common shares valued at USD 177.859 mil plus up to USD 18.234 mil in profit related payments. The shares were valued based on Capitol's closing stock price of USD 10.18 on 05 April 2019, the last full trading day prior to the announcement. Upon completion, Nesco was to be renamed Nesco Holdins Inc (Nesco Holdings). Capitol and Nesco were to own 72% and 28% stake in Nesco Holdings. Originally, in April 2019, Capitol was rumored to be planning to acquire a 72% interest in Nesco.
Securadyne Systems LLC Allied Universal Security Services LLC Allied Universal Security Services LLC definitively agreed to acquire Securadyne Systems LLC, a Carrolton-based provider of security solutions services, from Pamlico Capital LLC.
Axioma Inc Deutsche Boerse AG 850.0 Deutsche Boerse AG of Germany agreed to acquire Axioma Inc, a New York-based software publisher, for USD 850 mil in cash.
Airpush Inc appScatter Group PLC appScatter Group PLC of the UK planned to acquire Airpush Inc, a Denver-based provider of marketing consulting services.
Levin Capital Strategies LP-Institutional Investment Business Easterly LLC Easterly LLC acquired Institutional Investment Business of Levin Capital Strategies LP, a New York- based investment advisor.
Argosy Group Inc PEI Media Group Ltd PEI Media Group Ltd of the UK, a unit of Bridgepoint Development Capital Ltd, acquired Argosy Group Inc, a Topeka-based reproducer of software, from Simplify Compliance LLC, ultimately owned by Leeds Equity Partners LLC.
Harris Ranch Beef Co Central Valley Meat Co Inc Central Valley Meat Co Inc planned to acquire Harris Ranch Beef Co, a Selma-based meat processor, from Harris Farms Inc. The transaction was to include Harris Feeding Co. Terms were not disclosed.
Sterling Organization LLC-Pembroke Place Longpoint Realty Partners LP 37.5 Longpoint Realty Partners LP acquired Pembroke Place of Sterling Organization LLC, a Palm Beach-based financial sponsor, for USD 37.525 mil.
Vantage Trailers Inc-Specific Assets Dragon Products Ltd Dragon Products Ltd acquired specific assets of Vantage Trailers Inc, a Katy- based manufacturer of aluminum frameless end dump trailer. Terms were not disclosed.
Diamond Offshore Drilling Inc-Ocean Guardian Drilling Unit Well-Safe Solutions Ltd Well-Safe Solutions Ltd of the UK planned to acquire Ocean Guardian Drilling Unit of Diamond Offshore Drilling Inc, a Houston-based provider of oil and gas drilling services, ultimately owned by Loews Corp.
Ohio Transmission Corp Genstar Capital LLC Genstar Capital LLC acquired Ohio Transmission Corp (OTC), a Columbus-based industrial machinery and equipment merchant wholesaler, from Irving Place Capital Management LP (Irving), in a secondary buyout transaction. Originally, Irving acquired OTC, in a leveraged buyout transaction.
Pure Power Technologies Inc Stanadyne Corp Stanadyne Corp, a unit of Kohlberg & Co LLC, acquired Pure Power Technologies Inc, a Columbia- based manufacturer of engine equipment. Terms were not disclosed.
RedSeal Systems Inc Symphony Technology Group LLC 70.0 Symphony Technology Group LLC acquired a 70% interest in RedSeal Systems Inc, a San Mateo-based software publisher, for a total USD 70 mil, in a leveraged buyout transaction.
Wells Fargo & Co-Institutional Retirement & Trust Business Principal Financial Group Inc 1350.0 Principal Financial Group Inc definitively agreed to acquire the Institutional Retirement & Trust business (Retirement business) of Wells Fargo & Co (Wells Fargo) , a San Francisco-based bank holding company, for a total USD 1.35 bil. The consideration was to consist of USD 1.2 bil in cash and up to USD 150 mil in profit- related payments. Originally, in November 2018, Wells Fargo was rumored to be seeking a buyer for its Retirement business. Principal Financial Group Inc was named as rumored bidder.
Landmark at Coventry Pointe,Lawrenceville,GA Starlight U.S. Multi-Family (No. 1) Value-Add Fund 3.7 Starlight U.S. Multi- Family (No. 1) Value-Add Fund of Canada, a unit of Starlight Investments Ltd, agreed to acquire the remaining 8.5% stake, which it did not already own, in Landmark at Coventry Pointe, a Lawrenceville-based lessor of residential buildings and dwellings, a unit of Starlight US Multi-Family(No 1)Value-Add Fund, for a total USD 3.7 mil. The consideration was to consist of USD 1.27 mil cash and assumption of USD 2.43 mil in liabilities.
TrackVia Inc Primus Capital Partners Inc Primus Capital Partners Inc acquired an undisclosed majority interest in TrackVia Inc, a Denver-based provider of mobile workflow management software, in a leveraged buyout transaction. Terms were not disclosed.
Active Semi International Inc Qorvo Inc Qorvo Inc definitively agreed to acquire Active Semi International Inc, a Richardson-based manufacturer of analog power solutions.
Waterline Renewal Technologies Inc Behrman Capital LP Behrman Capital LP acquired Waterline Renewal Technologies Inc, a Rosemont- based manufacturer of engineered products, from Triwater Holdings LLC, owned by The Edgewater Funds, in a leveraged buyout transaction. Terms were not disclosed.
FX Alliance Inc Deutsche Boerse AG Deutsche Boerse AG of Germany was rumored to be planning to acquire FX Alliance Inc, a New York City- based provider of electronic foreign exchange trading solutions services from Refinitiv US Holdings Inc. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 3.5 bil.
Global Brass & Copper Holdings Inc Wieland Holdings Inc 975.9 Wieland Holdings Inc, a unit of Wieland-Werke AG, definitively agreed to acquire the entire share capital of Global Brass & Copper Holdings Inc, a Schaumburg-based manufacturer of custom roll forgings, for USD 44 in cash per share or a total value of USD 975.886 mil.
Liberty Bancorp Inc Central Bancompany Inc 103.3 Central Bancompany Inc definitively agreed to merge with Liberty Bancorp Inc, a Liberty-based commercial bank, for USD 42 in cash per share, or a total USD 103.255 mil.
 U.S. M&A Deals Announced April 05 to 11, 2019
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