TargetAcquirerValue ($millions)Synopsis
Mist Systems IncJuniper Networks Inc405.0Juniper Networks Inc definitively agreed to acquire Mist Systems Inc, a Cupertino-based provider of custom computer programming services, for about $405 mil.
Myoscience IncPacira Pharmaceuticals Inc220.0Pacira Pharmaceuticals Inc definitively agreed to acquire Myoscience Inc, a Fremont-based wholesaler of medical equipment and supplies, for $220 million. The consideration would consist of $120 millionin cash and $100 millionin profit-related payments. Upon completion of the deal, Pacira and Myoscience will be renamed as Pacira BioSciences Inc and Pacira CryoTech Inc respectively.
Mobile Nations LLCFuture PLC120.6Future PLC of the UK acquired Mobile Nations LLC, a Saint Petersburg-based periodical publisher, for about $120.596 million. The consideration consisted of $55 millionin cash, 0.615 millionFuture ordinary shares, plus up to $60 millionin profit-related payments. The shares were valued based on Future's closing stock price of $9.097 on 28 February 2019, the last full trading day prior to the announcement.
Kforce Government Solutions IncManTech International Corp115.0ManTech International Corp definitively agreed to acquire Kforce Government Solutions Inc, a Fairfax-based provider of computer facilities management services, from Kforce Inc for $115 millionin cash.
Bluegreen Vacations CorpBBX Capital Corp115.0BFC Financial Corp's unit BBX Capital Corp plans to acquire the remaining 7.185 common shares or 9.65% stake it does not already own in Bluegreen Vacations Corp, a Boca Raton-based real estate agency, for $16 in cash per share or a total of $114.959 million. Upon completion of the deal, Bluegreen common shares will be delisted from the New York Stock Exchange and will operate as a wholly-owned subsidiary of BBX.
Summit Financial Enterprises IncBancorpSouth Bank100.3BancorpSouth Bank definitively agreed to merge with Summit Financial Enterprises Inc, a Panama City-based commercial bank, for $100.3 millionvia a stock swap transaction subject to a collar agreement wherein the total price should range between $95 millionand $107.5 million. The consideration would consist of $20 millionand 2.5 millionBancorpSouth common shares. The shares were valued based on BancorpSouth's closing stock price of $32.12 on 4 March 2019, the last full trading day prior to the announcement. The transaction will include Panama Bank NA in Panama City, Florida. Concurrently, BancorpSouth agreed to merge with Van Alstyne Financial Corp.
Van Alstyne Financial CorpBancorpSouth Bank88.0BancorpSouth Bank agreed to merge with Van Alstyne Financial Corp, a Van Alstyne-based bank holding company, for $87.952 millionvia a stock swap transaction subject to a collar agreement wherein the total price should range between $80 millionand $86.7 million. The consideration would consist of $20.5 millionin cash and 2.1 millionin BancorpSouth common shares. The shares were valued based on BancorpSouth's closing stock price of $32.12 on 4 March 2019, the last full trading day prior to the announcement. The transaction will include Texas Star Bank in Val Alstyne, Texas. Concurrently, BancorpSouth agreed to merge with Summit Financial Enterprises Inc.
Janie & JackGap Inc35.0Gap Inc acquired Janie & Jack, a wholesaler of clothing and accessories, for $35 mil.
Local Projects LLCMTM Choice LLC31.0MTM Choice LLC, a unit of MTM Choice Holdings LLC, ultimately owned by Pico Far East Holdings Ltd, acquired the entire share capital of Local Projects LLC, a New York City-based provider of computer systems design services, for about $31 million. The consideration included up to $5 millionin Pico Far East ordinary shares.
General Photonics LLCLuna Technologies Inc20.0Luna Innovations Inc's unit Luna Technologies Inc acquired General Photonics LLC, a Chino-based fiber optic cables manufacturer, for $20 millionfrom General Cable Technologies Corp, ultimately owned by Prysmian SpA. The consideration consisted of $19 millionin cash and up to $1 millionin profit-related payments.
Intown Design IncSelect Interior Concepts Inc11.0Select Interior Concepts Inc acquired Intown Design Inc, an Atlanta-based stone products manufacturer, for $11 mil.
Premium Exploration USA IncKOPR Point Ventures Inc4.0KOPR Point Ventures Inc of Canada was granted an option to acquire the remaining 80% stake in Premium Exploration USA Inc, a Coeur d'Alene-based mineral mining company, from Premium Exploration Inc for $4 millionvia a stock swap transaction. The consideration would consist of $1 millionin cash and $3 millionin common shares. Concurrently, KOPR plans to acquire a 20% minority stake in Premium Exploration USA for $0.763 mil.
Turnitin LLCAdvance Publications IncAdvance Publications Inc plans to acquire Turnitin LLC, an Oakland-based software reproducer, for around $1.75 billion from iParadigms LLC, ultimately owned by Insight Venture Partners LLC. Previously, Advance was rumored to be planning to acquire Turnitin.
Dds Dentures Implant SolutionsAffordable Care IncAmerican Capital Ltd's unit Affordable Care Inc acquired DDS Dentures Implant Solutions, a Checotah-based provider of quality dental care services.
Direct ChassisLink IncApollo Global Management LLCBRH Holdings GP Ltd's unit Apollo Global Management LLC definitively agreed to acquire a majority interest in Direct ChassisLink Inc, a Charlotte-based provider of truck rental and leasing services, via a leveraged buyout transaction from EQT Infrastructure II Fund, ultimately owned by EQT Partners AB. Originally, in October 2018, EQT Infrastructure II Fund, ultimately owned by EQT Partners AB, was rumored to be seeking a buyer for the company.
Blume Global IncApollo Global Management LLCBRH Holdings GP Ltd's unit Apollo Global Management LLC definitively agreed to acquire a majority interest in Blume Global Inc, a Pleasanton-based provider of freight transportation arrangement services, via a leveraged buyout transaction from EQT Infrastructure II Fund, ultimately owned by EQT Partners AB. Concurrently, Apollo definitively agreed to acquire Direct ChassisLink Inc.
Woodward Compressor Sales IncAtlas Copco ABAtlas Copco AB of Sweden acquired Woodward Compressor Sales Inc, a Charlotte-based manufacturer of air and gas compressors.
Hampton Inn San Antonio-Downtown River WalkBh Hospitality Management LLCBH Hospitality Management LLC acquired the 169-room Hampton Inn San Antonio-Downtown River Walk hotel.
Thermigen LLCCelling Biosciences LLCCelling Biosciences LLC definitively agreed to acquire Thermigen LLC, an Irving-based manufacturer of navigational, measuring, electromedical and control Instruments, from Almirall SA, ultimately owned by Grupo Corporativo Landon SL.
Chrome River Technologies IncCertify IncK1 Investment Management LLC's unit Certify Inc plans to merge with Chrome River Technologies Inc, a Los Angeles-based software publisher, for around $1 bil.
Engineered Solutions IncCMTA IncCMTA Inc acquired Engineered Solutions Inc, a Natick-based engineering services provider.
A.B.C. Refrigeration & Air Conditioning IncCoolSys IncAudax Group LP's unit CoolSys Inc acquired A.B. C. Refrigeration & Air Conditioning Inc, an East Syracuse-based contractor for plumbing, heating and air-conditioning.
Sada Systems Inc-Microsoft Business UnitCore BTS IncTailwind Capital Group LLC's unit Core BTS Inc acquired the Microsoft business unit of Sada Systems Inc, a Los Angeles-based software publisher.
OMNI Orthopaedics IncCorin Group PLCCorin Orthopaedics Holding Ltd's unit Corin Group PLC of the UK agreed to acquire OMNI Orthopaedics Inc, a Canton-based medical firm.
eSyncTraining IncCoso Cloud LLCAASKI Technology Inc's unit Coso Cloud LLC acquired eSyncTraining Inc, an Irvine-based web technology training provider.
Reliable Propane IncFerrellgas Partners LPFerrellgas Partners LP acquired Reliable Propane Inc, a Sikeston-based wholesaler of petroleum and petroleum products.
NVoicePay IncFleetCor Technologies IncFleetCor Technologies Inc definitively agreed to acquire NVoicePay Inc, a Beaverton-based software publisher.
Innocor IncFxi IncOne Rock Capital Partners LLC's unit FXI Inc agreed to acquire the entire share capital of Innocor Inc, a West Long Branch-based mattresses manufacturer, from Sun Capital Partners Inc.
Bubbles Baking CoGlobal Bakeries IncGlobal Bakeries Inc acquired Bubbles Baking Co, a Van Nuys-based manufacturer of gourmet homemade quality cakes.
StaCyc IncHarley-Davidson IncHarley-Davidson Inc acquired StaCyc Inc, a Temecula-based electric-motored bicycles manufacturer.
Heat Transfer Sales Of Carolinas IncHoffman & Hoffman IncHoffman & Hoffman Inc acquired Heat Transfer Sales of Carolinas Inc, a Greensboro-based provider of mechanical equipment and solutions.
Integrated Risk Solutions IncHub International LtdHellman & Friedman LLC's unit Hub International Ltd acquired Integrated Risk Solutions Inc, a Waukesha-based commercial insurance and employee benefits agency.
Miller Chemical & Fertilizer LLCHuber Engineered MaterialsJM Huber Corp's unit Huber Engineered Materials acquired Miller Chemical & Fertilizer LLC, a Hanover-based agricultural chemicals manufacturer, from Dunes Point Capital LLC, ultimately owned by White Group Holdings LLC.
The Osborne Co of North Carolina IncKirkland IncKirkland Inc plans to merge with The Osborne Co of North Carolina Inc, an Eden-based housing constructor.
Niles Media Group IncLtn Global Communications IncLTN Global Communications Inc acquired Niles Media Group Inc, a Pleasant Valley-based media production services provider.
Employee Benefits Group IncMarsh & McLennan Agency LLCMarsh Inc's unit Marsh & McLennan Agency LLC acquired Employee Benefits Group Inc, a Bethesda-based provider of employee benefit brokerage and consulting firm services.
WhiteHat Security IncNTT Security CorpNippon Telegraph & Telephone Corp's unit NTT Security Corp of Japan definitively agreed to acquire WhiteHat Security Inc, a San Jose-based software publisher.
Integrated Legacy SolutionsNxtsoft LLCNxtsoft LLC acquired Integrated Legacy Solutions, a Springville-based provider of custom computer programming services.
Ac Packaging IncOrcon Industries CorpOrcon Industries Corp acquired AC Packaging Inc, a Rochester-based provider of packaging and labeling services.
Lake Pines HospitalPerimeter Healthcare LLCPerimeter Healthcare LLC acquired Lake Pines Hospital, a 36-bed behavioral healthcare facility in Kenner.
PF Chang's China Bistro IncPF Chang's China Bistro Inc SPVPF Chang's China Bistro Inc SPV, jointly owned by Paulson & Co Inc and TriArtisan Capital Advisors LLC, acquired PF Chang's China Bistro Inc, a Scottsdale-based full-service restaurant operator, from Centerbridge Partners LP for around $700 millionvia a leveraged buyout transaction. Originally, in June 2018, Centrerbridge announced that it was seeking a buyer for PF Chang's unit, with TriArtisan Capital and Paulson named as potential bidders.
Summit Apartment HomesShippy Property ManagementShippy Property Management acquired the 284-unit Summit Apartment Homes in San Antonio for around $20.1 mil.
Credit Infonet IncStrettoStretto, a unit of Stone Point Capital LLC, acquired Credit Infonet Inc, a Dayton-based provider of credit intermediation services.
Ada Solutions IncSurewerxThe Riverside Co's unit Surewerx of Canada acquired Ada Solutions Inc, a Wilmington-based provider of ground passenger transportation services.
Downey Care CenterThe Ensign Group IncThe Ensign Group Inc acquired Downey Care Center, a 99-bed skilled nursing facility in Downey, California.
Island Information Technology Consultants IncTyto Athene LLCTyto Athene LLC acquired Island Information Technology Consultants Inc, a Chester-based provider of information and communications technology support services.
Bankers Trust Co-Corporate Trust BusinessUMB Bank NA,Kansas City,MissouriUMB Financial Corp's unit UMB Bank NA agreed to acquire the corporate trust business of Bankers Trust Co, a Des Moines-based fiduciary services provider.
Aptare IncVeritas Technologies LLCThe Carlyle Group LP's unit Veritas Technologies LLC acquired Aptare Inc, a Campbell-based software publisher.
Protectwise IncVerizon Communications IncVerizon Communications Inc acquired Protectwise Inc, a Denver-based provider of the cloud enterprise security platform.
MarketStar CorpWasatch GroupWasatch Group acquired MarketStar Corp, an Ogden-based provider of advertising related services, from DAS Group Inc, ultimately owned by Omnicom Group Inc.
US M&A Deals Announced March 1 to 7, 2019
Source: Refinitiv, formerly Thomson Reuters' Financial & Risk business.