TargetAcquirerValue ($millions)Synopsis
Idera IncHGGC LLC1,125.0HGGC LLC agreed to acquire an undisclosed majority interest in Idera Inc, a Houston-based provider of computer facilities management services, from TA Associates Management LP for $1.125 billion via a leveraged buyout transaction. Originally, in May 2017, HGGC was rumored to be planning to acquire an undisclosed majority interest in Idera.
Atwood Oceanics IncEnsco PLC863.2Ensco PLC of the UK definitively agreed to merge with Atwood Oceanics Inc, a Houston-based provider of oil and gas drilling services, for $ 863.168 million via a stock swap transaction. Ensco offered 1.6 new ordinary shares per Atwood common share. Based on Ensco’s closing stock price of $6.7 on 26 May 2017, the last full trading day prior to the announcement, each Atwood share was valued at $10.72. Upon completion of the deal, Ensco and Atwood would respectively own 69% and 31% of the merged entity.
The Yield Book IncLondon Stock Exchange Group PLC685.0London Stock Exchange Group PLC of the UK agreed to acquire The Yield Book Inc, a New York-based provider of financial analytics services, from Citigroup Inc for $685 million. Originally, in July 2016, Citi was rumored to be seeking a buyer for The Yield Book.
85 Broad Street,New York,NYInvestor Group650.0An investor group, comprised of Callahan Capital Properties Inc and Ivanhoe Cambridge Inc acquired 85 Broad Street, a class A state-of-the-art property with executive-level amenities and innovations in New York, for $650 million.
PPG Industries Fiber Glass Products IncNippon Electric Glass America Inc545.0Nippon Electric Glass America Inc, a unit of Nippon Electric Glass Co Ltd, definitively agreed to acquire PPG Industries Fiber Glass Products Inc, a wholesaler and manufacturer of glass fiber products, for an estimated $ 545 million from PPG Industries Securities Inc, ultimately owned by PPG Industries Inc.
Xactly CorpVista Equity Partners LLC542.6Vista Equity Partners LLC definitively agreed to acquire the entire share capital of Xactly Corp, a San Jose-based software publisher, for $ 15.65 per share or a total of $ 542.63 million via a leveraged buyout transaction.
CardConnect CorpFirst Data Corp467.8First Data Corp, a unit of Kohlberg Kravis Roberts & Co LP, definitively agreed to merge with CardConnect Corp, a provider of data processing and hosting services based in King of Prussia, for $ 15 per share or a total of $ 467.823 million.
Chromalox IncSpirax-Sarco Engineering PLC415.0Spirax-Sarco Engineering PLC of the UK agreed to acquire Chromalox Inc, a Pittsburgh-based manufacturer of heating equipment, from Irving Place Capital Inc for $ 415 million.
Conagra Brands Inc-Wesson BrandThe JM Smucker Co285.0The JM Smucker Co definitively agreed to acquire the Wesson brand of Conagra Brands Inc, an Omaha-based producer of food products, for an estimated $285 million.
Newell Brands Inc-Winter Sports BusinessesKohlberg & Co LLC240.0Kohlberg & Co LLC definitively agreed to acquire the winter sports businesses of Newell Brands Inc, a Hoboken-based manufacturer of plastics products, for $ 240 million via a leveraged buyout transaction.
Hyatt Regency Grand Cypress,OrlandoXenia Hotels & Resorts Inc205.5Xenia Hotels & Resorts Inc acquired Hyatt Regency Grand Cypress, an Orlando-based hotel operator, from Hyatt Hotels Corp for $ 205.5 million.
US Gas & Electric IncCrius Energy Trust172.6Crius Energy Trust of Canada definitively agreed to acquire US Gas & Electric Inc, a White Plains-based operator of fossil fuel electric power generation facility, from MVC Capital Inc, for $ 172.59 million. The consideration would consist of $ 95 million in cash, the issuance of 3.848 million Cirius units collectively valued at $ 30.09 mil, and a $47.5 million promissory note. The units were valued based on Cirius’ closing stock price of $7.82 on 29 May 2017, the last full trading day prior to the announcement.
Oxbo Apartments,St Paul,MNInvestors Real Estate Trust61.5Investors Real Estate Trust acquired Oxbo Apartments, a 191-unit multifamily community in St Paul, Minnesota, for $ 61.5 million.
NRP Group LLC-The Edison Lofts ApartmentsContinental Realty Corp61.0Continental Realty Fund IV LP, a unit of Continental Realty Corp, acquired The Edison Lofts Apartments of NRP Group LLC, a Cleveland-based real estate developer, for $ 61 million.
Aixtron SE-Memory Chips BusinessEugene Technology Inc55.0Eugene Technology Inc plans to acquire the memory chips business of Aixtron SE, a Herzogenrath-based manufacturer of semiconductors and related device ultimately owned by Aixtron SE, for $55 million. The transaction would include the ALD and CVD memory product line.
Bob Evans Farms Inc-Bob Evans Restaurants(25)Broadstone Net Lease Inc48.9Broadstone Net Lease Inc, a unit of Broadstone Real Estate LLC, acquired 25 Bob Evans Restaurants of Bob Evans Farms Inc, a New Albany-based full-service restaurant operator, for $ 48.9 million.
Florida Gas Contractors IncPrimoris Services Corp33.0Primoris Services Corp acquired Florida Gas Contractors Inc, a Dade City-based provider of oil and gas drilling services, for $ 33 million.
Pacific Sunwear of California Inc-Olathe Distribution CenterInvestor Group19.4An investor group led by Block Real Estate Services LLC acquired the Olathe distribution center from Pacific Sunwear of California Inc, an Anaheim-based clothing retailer, for $ 19.4 million.
Fuse Project LLCBluefocus Communication Group of America Inc16.2Hong Kong’s Bluefocus Communication Group of America Inc, ultimately owned by Bluefocus Communication Group Co Ltd, plans to acquire the remaining 25% stake it does not already own in Fuse Project LLC, a provider of engineering services, from Yves Behar and Mitch Pergola for $16.176 million.
OfficeToolsAbacus Data Systems IncAbacus Data Systems Inc, a unit of Providence Equity Partners LLC, acquired OfficeTools, a Palmdale-based provider of practice management software.
LabAnswer Government LLCAccenture PLCAccenture PLC of Republic of Ireland agreed to acquire LabAnswer Government LLC, a Sugar Land-based provider of administrative management and general management consulting services. Terms were not disclosed.
MedCart Specialty PharmacyAlbertsons Cos IncAlbertsons Cos Inc, a unit of Albertsons Investor Holdings LLC, acquired MedCart Specialty Pharmacy, a Livonia-based manufacturer of pharmaceutical preparations.
Alert Protective Services IncAllied Universal Security Services LLCAllied Universal Security Services LLC, a unit of Allied Security Holdings LLC, acquired Alert Protective Services Inc, a Sarasota-based provider of security guard and patrol services.
Harris Silver & Sons Inc-AssetsAlter Trading CorpAlter Trading Corp plans to acquire the assets of Harris Silver & Sons Inc, a wholesaler of recyclable materials, via auction. Terms were not disclosed.
Marriott & Hilton Hotel Portfolio (18)American Hotel Income Properties REIT LPAmerican Hotel Income Properties REIT LP of Canada acquired a portfolio of 18 Marriott and Hilton hotels containing 2,187 guestrooms in Maryland, New Jersey, New York, Connecticut and Pennsylvania for a total of $407.4 million.
Big TopAmerican Underground LLCAmerican Underground LLC acquired Big Top, a Durham-based provider of career management services.
Berrie Hill Research CorpApplied Research Associates IncApplied Research Associates Inc acquired Berrie Hill Research Corp, a Dayton-based provider of research and development services.
OSG Billing Services LLCAquiline Capital Partners LLCAquiline Capital Partners LLC acquired OSG Billing Services LLC, a Ridgefield Park-based provider of telephone answering services, via a leveraged buyout transaction.
Williams-Manny IncArthur J Gallagher & CoArthur J Gallagher & Co acquired Williams-Manny Inc, a Rockford-based insurance agency. Terms were not disclosed.
Zuber Insurance Agency IncArthur J Gallagher & CoArthur J Gallagher & Co plans to acquire Zuber Insurance Agency Inc, a Houston-based insurance company that specializes in personal services.
Studentspace LLCAt World Properties LLCAt World Properties LLC, doing business as @properties, acquired StudentSpace LLC, a Chicago-based operator of rooming and boarding houses. Concurrently, @properties acquired MedResidences.
MedResidencesAt World Properties LLCAt World Properties LLC acquired MedResidences, a Chicago-based provider of apartment finding services. Concurrently, AWP acquired StudentSpace LLC.
The Growth CoAvitus GroupAvitus Group agreed to merge with The Growth Co, an Anchorage-based provider of administrative management and general management consulting services. Terms were not disclosed.
Integrated Access Solutions IncAvtex Solutions LLCAvtex Solutions LLC, a unit of LaSalle Capital Group LP, acquired Integrated Access Solutions Inc, an Irvine-based provider of computer facilities management services.
Draftpot LLCBoom FantasyBoom Fantasy acquired Draftpot LLC, a New York-based provider of custom computer programming services.
HubLogix IncChannelAdvisor CorpChannelAdvisor Corp acquired HubLogix Inc, a Boston-based provider of computer systems design services.
Resurgens BancorpCharter Financial CorpCharter Financial Corp, a unit of First Charter MHC, plans to acquire the entire share capital of Resurgens Bancorp, a commercial bank.
Assemble Design GroupConvene(Learning Technology Partners)Convene, a unit of Learning Technology Partners, acquired Assemble Design Group, a provider of architectural services.
Pri-Pak IncCott CorpCott Corp of Canada acquired Pri-Pak Inc, a Greendale-based manufacturer of soft drinks.
Georgetown Dermatology & SkinDermatology Associates IncDermatology Associates Inc, a unit of Advanced Dermatology & Cosmetic Surgery LLC, acquired Georgetown Dermatology & Skin, a medical group practice in Georgetown. Terms were not disclosed.
HemoSonics LLCDiagnostica Stago SASDiagnostica Stago SAS of France acquired HemoSonics LLC, a Charlottesville-based manufacturer of medical instruments and developer of solutions or ways for clinicians to manage coagulation dysfunctions.
Constant Therapy iNCDigital Health CorpDigital Health Corp acquired Constant Therapy iNC, a Newton-based medical firm.
Stuart Street Holdings LLCDowntown Properties Owner LLCDowntown Properties Owner LLC, a unit of NTT Urban Development Corp, acquired Stuart Street Holdings LLC, a Boston-based provider of land subdivision services.
First Corporate Sedans IncElite Limousine Plus IncElite Limousine Plus Inc acquired First Corporate Sedans Inc, a New York-based provider of local freight trucking services.
Qualiseal Technology IncEnPro Industries IncEnPro Industries Inc acquired Qualiseal Technology Inc, a Harwood Heights-based provider of engineering services.
4i IncFractal Analytics IncFractal Analytics Inc acquired 4i Inc, a provider of management consulting services.
International Transducer CorpGavial Holdings IncGavial Holdings Inc acquired International Transducer Corp, a Santa Barbara-based manufacturer of electronic components, from Channel Technologies Group LLC, owned by Blue Wolf Capital Fund II LP. Terms were not disclosed.
Heckethorn Products IncGridiron Capital LLCGridiron Capital LLC acquired Heckethorn Products Inc, a Dyersburg-based manufacturer of engine parts, from Audax Group LP via a secondary buyout transaction. Originally, Audax acquired Heckethorn.
OSSCube LLCHappiest Minds Technologies Pvt LtdHappiest Minds Technologies Pvt Ltd of India acquired OSSCube LLC, a Houston-based software publisher.
Magan Medical Clinic IncHealthCare Partners LLCHealthCare Partners LLC, a unit of DaVita HealthCare Partners Inc, plans to acquire Magan Medical Clinic Inc.
Impression Sports & EntertainmentHome Team Sports(Comcast Corp)Home Team Sports, a unit of Comcast Corp, plans to acquire Impression Sports & Entertainment, a Denver-based provider of sports marketing services.
RuleTek LLCIncessant Technologies Pvt LtdIndia’s Incessant Technologies Pvt Ltd, a unit of NIIT Technologies Ltd, definitively agreed to acquire a 55% interest in RuleTek LLC, a Meridian-based provider of computer systems design services.
Lewis & Clark Pharmaceuticals IncInspyr Therapeutics IncInspyr Therapeutics Inc agreed to merge with Lewis & Clark Pharmaceuticals Inc, a Charlottesville-based provider of biotechnology research and development services, via a stock swap transaction.
Nutriceutical HoldingsKD Pharma Bexbach GmbHKD Pharma Bexbach GmbH of Germany agreed to acquire the entire share capital of Nutriceutical Holdings, a Blue Bell-based provider of financial investment services.
HelloWallet Holdings IncKeyBank NA,Cleveland,OhioCleveland Ohio’s KeyBank NA, a unit of KeyCorp, definitively agreed to acquire HelloWallet Holdings Inc, a Washington-based internet portal operator, from Morningstar Inc. Terms were not disclosed.
Hello WalletKeyCorp,Cleveland,OhioKeyCorp, Cleveland, Ohio definitively agreed to acquire Hello Wallet, a Washington-based provider of personal software platform, from Morningstar Inc. Terms were not disclosed.
Alpha Natural Resources Inc-New River Energy Natural Gas Operations,WVKinzer Drilling Co LLCKinzer Drilling Co LLC plans to acquire the New River Energy natural gas operations of Alpha Natural Resources Inc, a Bristol-based bituminous coal mine operator.
DexKo Global IncKPS Capital Partners LPKPS Capital Partners LP definitively agreed to acquire DexKo Global Inc, a Novi-based manufacturer of truck trailers, from The Sterling Group LP, via a leveraged buyout transaction. Terms were not disclosed.
MilitaryOneClickLafayette Media Group LLCLafayette Media Group LLC acquired MilitaryOneClick, a government administration establishment for veterans’ affairs.
Alpheus Communications LPLogix Communications LPLogix Communications LP acquired Alpheus Communications LP, a Houston-based wireless telecommunications carrier, from The Gores Group LLC.
Kayne Anderson Capital Advisors LP- Student Housing PortfolioMapletree Investments Pte LtdSingapore’s Mapletree Investments Pte Ltd, a unit of Fullerton Management Pte Ltd, acquired student housing portfolio of Kayne Anderson Capital Advisors LP, a Los Angeles-based open-end investment fund, ultimately owned by Virtus Investment Partners Inc. Terms were not disclosed, but according to sources close to the matter, the deal was valued at around $1.6 billion.
Kinnser Software IncMediware Information Systems IncMediware Information Systems Inc, a unit of TPG Capital LP, plans to acquire Kinnser Software Inc, an Austin-based software publisher.
DirectMed Parts & Service LLCMercury PartnersMercury Partners acquired DirectMed Parts & Service LLC, a San Diego-based provider of ambulatory health care services.
TIC Properties Management LLC-Apartment PortfolioMesa Capital Partners LLCMesa Capital Partners LLC acquired an apartment portfolio of TIC Properties Management LLC, a Greenville-based investment advisor.
NewSouth NeuroSpine,Flowood,MississippiMontecito Medical Investment CoMontecito Medical Investment Co acquired NewSouth NeuroSpine, a Flowood-based hospital operator.
Comergence Compliance Monitoring LLCOptimal Blue LLCOptimal Blue LLC, a unit of GTCR LLC, acquired Comergence Compliance Monitoring LLC, a Mission Viejo-based provider of credit intermediation services.
TheOTC.todayOTC Markets Group IncOTC Markets Group Inc acquired TheOTC.today, a provider of financial investment services.
ME! BathPDC BrandsPDC Brands, a unit of Yellow Wood Partners LLC, acquired ME! Bath, a Los Angeles-based manufacturer of detergents.
Murphy Capital Management IncPeapack Gladstone Financial CorpPeapack Gladstone Financial Corp plans to acquire Murphy Capital Management Inc, a provider of administrative management and general management consulting services.
Partytime Productions IncPRO EM Party & Event Rentals LLCPRO EM Party & Event Rentals LLC, a unit of Banyan Mezzanine Funds LP, acquired Partytime Productions Inc, a Niles-based provider of personal services.
Sanavida Medical Group IncQuest Management IncQuest Management Inc of Latvia plans to acquire Sanavida Medical Group Inc, a Los Angeles-based provider of telehealth consulting services.
Alpha Natural Resources Inc-Green Valley Mining Assets,WVQuinwood Coal Co LLCQuinwood Coal Co LLC plans to acquire the Green Valley mining assets of Alpha Natural Resources Inc, a Bristol-based bituminous coal mine operator.
Total Building Supplies IncRam Tool Construction Supply CoRam Tool Construction Supply Co acquired Total Building Supplies Inc, an Atlanta-based building material dealer.
Brandywine Hospital,Coatesville,PAReading Health SystemReading Health System agreed to acquire Brandywine Hospital, a general medical and surgical hospital in Coatesville, from Community Health Systems Inc. Concurrently, RHS agreed to acquire the Chestnut Hospital, Jennersville Regional Hospital, Pottstown Memorial Medical Center, and Phoenixville Hospital, from CHSI.
Chestnut Hill Hospital,Philadelphia,PAReading Health SystemReading Health System agreed to acquire Chestnut Hill Hospital, a general medical and surgical hospital in Philadelphia, from Community Health Systems Inc. Concurrently, RHS agreed to acquire the Jennersville Regional Hospital, Pottstown Memorial Medical Center, Phoenixville Hospital, and Brandywine Hospital, from CHSI.
Jennersville Regional Hospital,West Grove,PAReading Health SystemReading Health System agreed to acquire Jennersville Regional Hospital, a general medical and surgical hospital in West Grove, from Community Health Systems Inc. Concurrently, CHS agreed to acquire the Chestnut Hill Hospital, Pottstown Memorial Medical Center, Phoenixville Hospital, and Brandywine Hospital, from CHSI.
Pottstown Memorial Medical Center,Pottstown,PAReading Health SystemReading Health System agreed to acquire Pottstown Memorial Medical Center in Pottstown from Community Health Systems Inc. Concurrently, RHS agreed to acquire the Chestnut Hill Hospital, Jennersville Regional Hospital, Phoenixville Hospital, and Brandywine Hospital, from CHSI.
Phoenixville Hospital,Phoenixville,PAReading Health SystemReading Health System agreed to acquire Phoenixville Hospital, a Phoenixville-based hospital operator, from Community Health Systems Inc. Concurrently, RHS agreed to acquire the Chestnut Hill Hospital, Jennersville Regional Hospital, Pottstown Memorial Medical Center, and Brandywine Hospital, from CHSI.
Bowes Dermatology IncRiverchase MSO LLCRiverchase MSO LLC acquired Bowes Dermatology Inc, a Miami-based medical firm.
VennWell LLCRMB Capital Management LLCRMB Capital Management LLC acquired VennWell LLC, a Lake Forest-based investment advisor.
Mama Rosa’s Pizza LLCSchwan Food CoSchwan Food Co acquired Mama Rosa’s Pizza LLC, a Sidney-based manufacturer of specialty foods, from Huntsman Gay Global Capital LLC, ultimately owned by HGGC LLC.
Mama Rosa’s Pizza LLCSchwan’s Shared Services LLCSchwan’s Shared Services LLC plans to acquire Mama Rosa’s Pizza LLC, a Sidney-based manufacturer of specialty foods, from Huntsman Gay Global Capital LLC, ultimately owned by HGGC LLC.
Moeller Marine ProductsSeaStar SolutionsSeaStar Solutions, a unit of American Securities LLC, acquired Moeller Marine Products, a Sparta-based manufacturer of OEM and aftermarket marine fuel tanks and accessories.
International Medical Group IncSirius International Insurance Group LtdBermuda’s Sirius International Insurance Group Ltd, a unit of CM International Holding Pte Ltd, acquired International Medical Group Inc, an Indianapolis-based provider of healthcare insurance services, from ABRY Partners LLC.
DB Western IncSK Capital Partners LPSK Capital Partners LP acquired DB Western Inc, a manufacturer of chemical products, via a leveraged buyout transaction.
Pointe at Vista Ridge Apartments,Lewisville,TXSteadfast Apartment Reit III IncSteadfast Apartment Reit III Inc acquired Pointe at Vista Ridge Apartments in Lewisville for $ 44 million.
Thrivist LLCTennessee Book Company LLCTennessee Book Company LLC, a unit of Ingram Content Group Inc, acquired Thrivist LLC, a Franklin-based software publisher that mostly develops educational materials.
McCoy Medical Technologies LLCTeraRecon IncTeraRecon Inc acquired McCoy Medical Technologies LLC, a distributor of trained machine learning algorithms to researchers, hospitals and practitioners.
Earth Exploration IncTerracon Consultants IncTerracon Consultants Inc acquired Earth Exploration Inc, an Indianapolis-based provider of technical consulting services.
Modria.com IncTyler Technologies IncTyler Technologies Inc acquired Modria.com Inc, a San Jose-based online customer dispute resolution solutions provider.
Hartman Employee Benefits IncUSI Insurance Services LLCUSI Insurance Services LLC, jointly owned by KKR & Co LP and Caisse de depot et placement du Quebec, acquired Hartman Employee Benefits Inc, a Williamsport-based insurance agency. Terms were not disclosed.
Guardian Force Security Services CorpVector Security IncVector Security Inc acquired Guardian Force Security Services Corp, a provider of security systems services.
Lithium Technologies IncVista Equity Partners LLCVista Equity Partners LLC definitively agreed to acquire Lithium Technologies Inc, a San Francisco-based software publisher, via a leveraged buyout transaction.
A Bee OrganicWhere Food Comes From IncWhere Food Comes From Inc acquired A Bee Organic, a De Luz-based provider of business support services.
Grocery HeadquartersWinsight LLCWinsight LLC, a unit of Pamlico Capital LLC, acquired Grocery Headquarters, a Chicago-based periodical publisher, from McFadden Communications LLC.
US M&A Deals Announced May 26 to June 1, 2017
Source: Thomson Reuters