TargetAcquirerValue ($millions)Synopsis
Aclara Technologies LLCHubbell Inc1100.0Hubbell Inc definitively agreed to merge with Aclara Technologies LLC, a St. Louis-based manufacturer of metering equipment and other field devices, from Sun Capital Partners Inc for about $ 1.1 billionlion in cash.
Aggregates USA LLC-AssetsBlue Water Industries LLC290.0Blue Water Industries LLC definitively agreed to acquire the assets of Aggregates USA LLC, a Birmingham-based building material dealer owned by SPO Partners II LP, for $ 290 Millionlion. The transaction is a condition for the completion of Vulcan Materials Co’s acquisition of Aggregates. Concurrently, Vulcan definitively agreed to acquire Aggregates.
Alum Creek Business CenterDalfen America CorpDalfen America Corp of Canada, a unit of Dalfens Ltd, acquired the Alum Creek Business Center in Columbus, which comprises two buildings with a combined area of 303,000 sq ft.
Cannon & Co CPAsAlexander Thompson Arnold PLLCAshby & Associates PLLC’s unit Alexander Thompson Arnold PLLC plans to acquire Cannon & Co CPAs, a Memphis-based accounting firm.
Charming Charlie Holdings IncCreditorsCharming Charlie Holdings Inc, a Houston-based clothing retailer, plans a debt restructuring transaction with creditors, who will receive common stock & cash in exchange for outstanding debt. Upon completion of the deal, creditors will hold an interest in the restructured firm. The book value of the existing debt that will be exchanged amounts to $ 200 Millionlion.
Cityside At Huntington MetroalexandriavirginiaInvestor Group111.0An investor group, comprising Donaldson Group LLC and Angelo Gordon & Co, acquired Cityside at Huntington Metro, a 569-unit apartment community in Huntington, from The Carlyle Group LP for $ 111 Millionlion.
CustomArray IncGenScript USA Holding IncGenscript Biotech Corp’s unit GenScript USA Holding Inc agreed to acquire the entire share capital of Custom Array Inc, a Bothell-based medical laboratory operator.
Diamond Mesa Apartments,Albuquerque,New MexicoCFH Investment Partners IncCFH Investment Partners Inc acquired Diamond Mesa Apartments, a 456-unit gated apartment community in Albuquerque, New Mexico.
Educlimber IncLluminate Education IncLluminate Education Inc plans to acquire Educlimber Inc, a software publisher.
EnCore Composite Structures IncAC&A LLCAE Industrial Partners LLC’s unit AC&A LLC acquired EnCore Composite Structures Inc, a Brea-based manufacturer of aircraft parts and auxiliary equipment, from EnCore Corporate Inc.
E-Z Mart Stores Inc-Convenience Stores272GPM Investments LLCPetro Group Ltd’s unit GPM Investments LLC agreed to acquire 272 convenience stores from E-Z Mart Stores Inc, a Texarkana-based convenience store operator.
Filament BrandsLifetime Brands Inc313.0Lifetime Brands Inc definitively agreed to acquire Filament Brands, a manufacturer of houseware products, for about $ 313 Millionlion in cash and common shares.
Georgia Mountain Community Wind LLCGreenbacker Renewable Energy Co LLC25.1Greenbacker Renewable Energy Co LLC acquired Georgia Mountain Community Wind LLC, a Charlotte-based manufacturer of turbines and turbine generator set units, for about $ 25.1 Millionlion.
Greater Chicago Financial CorpOld Second Bancorp Inc41.1Old Second Bancorp Inc agreed to acquire the entire share capital of Greater Chicago Financial Corp, a Chicago-based commercial bank, for about $ 41.1 Millionlion in cash. The transaction will include ABC Bank.
Heidtman Steel Products Inc-Automotive Steel Technical CenterUnion Partners LLCUnion Partners LLC acquired the Automotive Steel Technical Center of Heidtman Steel Products Inc, a Toledo-based steel Millionlionl operator, via a leveraged buyout transaction.
Ibis Tek LLC-Facilities(2)Broadstone ITI Pennsylvania LLC19.0Broadstone ITI Pennsylvania LLC acquired 2 facilities from Ibis Tek LLC, a Butler-based manufacturer of Millionlionitary armored vehicles, tanks and tank components, for $ 19 Millionlion.
Ignyta IncRoche Holdings AG1896.5Roche Holding AG of Switzerland definitively agreed to acquire the entire share capital of Ignyta Inc, a San Diego-based pharmaceuticals manufacturer, via a tender offer for $ 27 in cash per share or a total of $ 1.896 billionlion. The offer is conditional upon at least a majority of Ignyta’s shares being tendered.
IT Express IncDataPerk LLCDataPerk LLC acquired IT Express Inc, a Birmingham-based software publisher.
Keen Labs IncScaleworks IncScaleworks Inc acquired Keen Labs Inc, a San Francisco-based software reproducer, via a leveraged buyout transaction.
Madison ParkHayden Properties LLC37.0Hayden Properties LLC acquired Madison Park for $ 37 Millionlion.
North American Crane Bureau Group IncProBility Media CorpProBility Media Corp plans to acquire North American Crane Bureau Group Inc, a Lake Mary-based provider of professional and management development training services.
Parry America IncCoromandel International LtdEID Parry (India) Ltd’s unit Coromandel International Ltd of India agreed to acquire Parry America Inc, an Irving-based wholesaler of farm supplies, from EID Parry Ltd. Concurrently, Coromandel agreed to acquire the bio-pesticides business of EID.
PetVet Care Centers IncKKR & Co LPKKR & Co LP plans to acquire PetVet Care Centers Inc, a Westport-based provider of veterinary services, from Ontario Teachers’ Pension Plan via a leveraged buyout transaction.
Pinnacle Terrace ApartmentsInstitutional Property Advisors56.0Marcus & Millionlionlichap Inc’s unit Institutional Property Advisors acquired Pinnacle Terrace Apartments, a 300-unit multifamily community in Chandler, Arizona, for $ 56 Millionlion.
Plains & Eastern Clean Line Oklahoma LlcNextEra Energy IncNextEra Energy Inc acquired Plains & Eastern Clean Line Oklahoma LLC, a constructor of power and communication line, from Clean Line Energy Partners LLC.
Poydras Gaming Finance Corp-Bingo BusinessPollard Games IncPollard Games Inc, a unit of Pollard Banknote Ltd, acquired the bingo business of Poydras Gaming Finance Corp, a Vancouver-based gambling services provider.
Prime ResearchCision LtdCision Ltd definitively agreed to acquire Prime Research, a New York-based provider of marketing research and opinion polling services.
Residence Inn Sacramento Airport NatomaWelcome Group Inc23.5Welcome Group Inc acquired Residence Inn Sacramento Airport Natomas, a 3-star hotel in Sacramento, for $ 23.5 Millionlion.
Rickenbacker 567,Groveport,OHExeter Property Group LLC29.0Exeter Property Group LLC acquired Rickenbacker 567, a 567,000 sq ft industrial building in Groveport, from VanTrust Real Estate LLC for $ 29 Millionlion.
Shadow Ventures LLCDestination Pet LLCDestination Pet LLC acquired Shadow Ventures LLC, a Denver-based provider of pet care services.
Skyscene LLCNV5 Global IncNV5 Global Inc acquired Skyscene LLC, a San Diego-based provider of geophysical surveying and mapping services.
Source: Thomson Reuters
Sucampo Pharmaceuticals IncMallinckrodt PLC882.2Mallinckrodt PLC of the UK definitively agreed to acquire the entire share capital of Sucampo Pharmaceuticals Inc, a Rockville-based pharmaceutical preparations manufacturer, for $ 18 in cash per share or a total value of 882.224 Millionlion via tender offer. The offer is conditional upon at least a majority of Sucampo’s shares being tendered.
Tahsin Industrial Corp USATah Hsin Industrial GroupTah Hsin Industrial Group of Taiwan plans to acquire the remaining 20% stake it does not already own in Tahsin Industrial Corp USA, a Randolph-based apparels manufacturer.
Tech Works LLCTelco IncTelco Inc acquired Tech Works LLC, a Mauldin-based software publisher.
TRS Technologies IncTayca Corp26.5Tayca Corp of Japan plans to acquire the entire share capital of TRS Technologies Inc, a State College-based electronic components manufacturer, for about $ 26.475 Millionlion.
US M&A Deals Announced December 22 to December 28, 2017
Washington City PaperMark EinWashington, DC businessman and philanthropist Mark Ein agreed to acquire Washington City Paper, a Washington, DC-based newspaper publisher, from SouthComm Communications Inc. Originally, in October 2017, SouthComm announced that it was seeking a buyer for Washington City.
Workhorse Group Inc-Aviation DivisionShareholdersWorkhorse Group Inc plans to spin-off its aviation division to its shareholders. Upon completion of the deal, it will be renamed as SureFly Inc.