Target | Acquirer | Value ($millions) | Synopsis |
General Electric Co-Transportation Business | Westinghouse Air Brake Technologies Corp | 11,100.00 | Westinghouse Air Brake Technologies Corp (WABTEC) definitively agreed to acquire the transportation business of General Electric Co (GE), a Boston-based manufacturer of power, distribution and specialty transformers, for about $11.1 billion. The consideration will consist of $2.9 billion in cash and the issuance of common shares valued at $8.2 billion. Upon completion of the deal, Wabtec and GE shareholders will respectively own 49. 9% stake and 50.1% of the combined entity. In February 2018, GE announced that it was seeking buyer for its transportation business, with Wabtec named as a potential bidder. |
Gulf Power Co | 700 Universe LLC | 5,750.00 | 700 Universe LLC, a unit of NextEra Energy Inc, definitively agreed to acquire the entire share capital of Gulf Power Co, a Pensacola-based manufacturer of power, distribution and specialty transformers, from Southern Co, for $5.75 billion. Concurrently, NextEra definitively agreed to acquire Pivotal Utility Holdings Inc, Southern Co- Florida LLC and Southern Co- Oleander LLC. |
MB Financial Inc | Fifth Third Bancorp,Cincinnati,Ohio | 4,599.104 | Fifth Third Bancorp definitively agreed to acquire the entire share capital of MB Financial Inc, a Chicago-based savings institution, for $4.599 billion. The consideration will consist of $5.540 cash per share and 1.45 in common share per MB share. Based on Fifth's closing stock price of $33.56 on 18 March 2018, the last full trading prior to the announcement, each MB share was valued at 54.202. |
LaSalle Hotel Properties | Blackstone Real Estate Partners VIII LP | 3,697.814 | Blackstone Real Estate Partners VIII LP, a unit of Blackstone Group LP, definitively agreed to acquire the entire share capital of LaSalle Hotel Properties, a Bethesda-based lessor of nonresidential buildings, for $33.50 in cash per share or $3.698 billion. Originally, Pebblebrook Hotel Trust plans to launch an unsolicited tender offer to merge with LaSalle for a thrice sweetened offer of $4.063 bil. |
Ipreo LLC | IHS Markit Ltd | 1,855.00 | IHS Markit Ltd of the UK, definitively agreed to acquire the entire share capital of Ipreo LLC, a New York-based provider of financial information services, from Blackstone Group LP and Goldman Sachs Group Inc for about $1.855 billion in cash. |
X.commerce Inc | Adobe Systems Inc | 1,680.00 | Adobe Systems Inc definitively agreed to acquire X.commerce Inc, a Campbell-based internet service provider, for about $1.68 billion from Permira Advisers LLP, owned by Permira Advisers Holdings Ltd. |
PowerPlan Inc | Roper Technologies Inc | 1,100.00 | Roper Technologies Inc definitively agreed to acquire PowerPlan Inc, an Atlanta-based software publisher, from Thoma Bravo LLC, for $1.1 billion in cash. |
Guaranty Bancorp | Independent Bank Group Inc | 1,036.694 | Independent Bank Group Inc definitively agreed to merge with Guaranty Bancorp, a Denver-based commercial bank, for $1.037 billion via a stock swap transaction. Independent offered 0.45 common shares per Guaranty's common share, based on Independent's closing stock price of $78.6 on 21 May 2018, the last full trading day prior to the announcement, each of Guaranty's share was valued at $35.37. |
Taylor Co | The Middleby Corp | 1,000.00 | The Middleby Corp definitively agreed to acquire Taylor Co, a Rockton-based manufacturer of automatic vending machines, for $1 billion in cash from UTC Climate Controls & Security, ultimately owned by United Technologies Corp. |
Pulse Electronics Corp | Yageo Corp | 740.00 | Yageo Corp of Taiwan plans to acquire Pulse Electronics Corp, a San Diego-based manufacturer of electronic coils, transformers and other inductors, for $740 milllion from Oaktree Capital Management LP, ultimately owned by Oaktree Capital Group LLC. |
Relish Labs LLC | Kroger Co | 700.00 | Kroger Co agreed to acquire Home Chef, a Chicago-based meal kit company, for about $700 milllion. The consideration will consist of $200 milllion in cash and up to $500 milllion in profit-related payments. Originally, in June 2017, Home Chef was rumored to be seeking a buyer for the company. |
Pivotal Utility Holdings Inc | 700 Universe LLC | 530.00 | 700 Universe LLC a unit of NextEra Energy Inc, definitively agreed to acquire the entire share capital of Pivotal Utility Holdings Inc, a Bedminster-based natural gas distributor, from Southern Co for about $530 milllion. Concurrently, NextEra definitively agreed to acquire the entire share capital of Gulf Power Co, Southern Co-Florida LLC and Southern Co-Oleander LLC. |
West Living LLC-Senior Living Properties(9) | MBK Real Estate Ltd | 382.00 | MBK Real Estate Ltd, a unit of Mitsui & Co Ltd, definitively agreed to acquire 9 senior living properties of West Living LLC, a Carlsbad-based elderly home operator, for $382 million. |
WeddingWire Inc | Permira Advisers LLP | 350.00 | UK's Permira Advisers LLP, a unit of Permira Advisers Holdings Ltd, definitively agreed to acquire an undisclosed majority interest in WeddingWire Inc, a Chevy Chase-based firm that operates online marketplaces for the wedding industry in 14 countries, for $350 milllion via a leveraged buyout transaction. |
Southern Co-Florida LLC,Southern Co-Oleander LLC | 700 Universe LLC | 195.00 | 700 Universe LLC, a unit of NextEra Energy Inc, definitively agreed to acquire the entire share capital of Southern Co-Florida LLC and Southern Co-Oleander LLC, from Southern Co for about $195 milllion in cash and profit-related payments. Concurrently, NextEra definitively agreed to acquire the entire share capital of Pivotal Utility Holdings Inc and Gulf Power Co. |
Sensata Technologies Inc-Valves Business | Pacific Industrial Co Ltd | 173.00 | Pacific Industrial Co Ltd of Japan agreed to acquire valves business of Sensata Technologies Inc, an Attleboro-based manufacturer of semiconductors and related devices owned by Sensata Technologies Holding NV, for $173 mil. |
Epic Aviation | BBA Aviation PLC | 88.10 | BBA Aviation PLC of the UK plans to acquire Epic Aviation, a New Smyrna Beach-based provider of transportation support services, for $88. 1 mil. |
Darling Ingredients Inc-Terra Renewal Services Business | American Residuals Group LLC | 80.00 | American Residuals Group LLC plans to acquire terra renewal services business of Darling Ingredients Inc, an Irving-based meat byproduct processor, for $80 milllion in cash. |
South Sound Bank | Timberland Bank,Hoquiam, Washington | 36.898 | Timberland Bancorp Inc's unit Timberland Bank in Hoquiam, Washington definitively agreed to merge with South Sound Bank, an Olympia-based commercial bank, for $36.898 milllion via a stock swap transaction. The consideration will consist of $6.9 milllion in cash and the issuance of .905 milllion in common shares valued at $29.998 milllion. The shares were valued based on Timberland's closing stock price of $33.15 on 22 May 2018, the last full trading day prior to the announcement of the transaction. |
Hotel Properties(5) | R&R Real Estate Investment Trust | 32.10 | R&R Real Estate Investment Trust of Canada agreed to acquire 5 hotels for a total of about $32.1 milllion. The consideration will consist of about $0.6 milllion cash plus $11 milllion class B LP units plus the assumption of $20.5 milllion in liabilities. |
Pines at Greenbriar,Atlanta,GA | Crown Bay Group LLC | 27.70 | Crown Bay Group LLC acquired Pines at Greenbriar, a 376-unit apartment complex in Atlanta. Concurrently, Crown acquired Mountain Oaks. Both transactions have a combined value of $27.7 million. |
Sundale Utilities Inc | Illinois American Water Co | 2.00 | Illinois American Water Co, a unit of American Water Works Co Inc, acquired Sundale Utilities Inc, a Washington-based sewage treatment facility operator, for $2 mil. |
Info Sys Management Inc | SWK Technologies Inc | 1.70 | SWK Technologies Inc, a unit of SilverSun Technologies Inc, acquired Info Sys Management Inc, a Portland-based software reseller, for $1.7 milllion. The consideration consisted of $0.3 milllion in cash and $1.4 milllion in convertible notes. |
Sageworks Inc | Accel-KKR LLC | | Accel-KKR LLC, jointly owned by Kohlberg Kravis Roberts & Co LP and Accel Partners & Co Inc, acquired Sageworks Inc, a Raleigh-based private financial information company, via a leveraged buyout transaction. |
Kitsap Reclamation & Materials Inc | ACG Materials | | ACG Materials, a unit of HIG Capital LLC, acquired Kitsap Reclamation & Materials Inc, a Bremerton-based crushed and broken stone quarry operator. |
Richards Paving Inc | Advanced Pavement Group Corp | | Advanced Pavement Group Corp acquired Richards Paving Inc, a New Castle-based provider of specialty trade contractor services. |
Conduent Inc-Commercial Vehicle Operations Business | Alinda Capital Partners LLC | | Alinda Capital Partners LLC agreed to acquire the commercial vehicle operations business of Conduent Inc, a Florham-based provider of data processing and hosting services, via a leveraged buyout transaction. |
Invenergy AMPCI Thermal Power Holdings LLC | AMP Capital Investors Ltd | | AMP Capital Investors Ltd of Australia, a unit of AMP Asset Management Australia Ltd, acquired a 50% interest in Invenergy AMPCI Thermal Power Holdings LLC, electric power generation facility operator, from Invenergy Clean Power LLC, ultimately owned by Invenergy LLC. |
Aspire Health Inc | Anthem Inc | | Anthem Inc agreed to acquire Aspire Health Inc, a Nashville-based medical firm. |
Alerian Capital Management LLC | Aretex Capital Partners LLC | | Aretex Capital Partners LLC plans to acquire Alerian Capital Management LLC, a Dallas-based investment advisor, via a leveraged buyout transaction. |
Spectrum King LED | Banjo & Matilda Inc | | Banjo & Matilda Inc plans to acquire Spectrum King LED, a Canoga Park-based firm that designs and manufactures LED Grow Lights. |
Environmental Earthscapes Inc | BrightView Landscapes LLC | | BrightView Landscapes LLC acquired Environmental Earthscapes Inc, a Tucson-based provider of hazardous waste treatment and disposal services. |
Database International Group Inc | Building Engines Inc | | Building Engines Inc acquired Database International Group Inc, a Boston-based software publisher. |
Invenergy LLC | Caisse De Depot Et Placement Du Quebec | | Caisse De Depot Et Placement Du Quebec of Canada plans to raise its interest to 52.4% from an undisclosed minority stake by acquiring an undisclosed stake in Invenergy LLC, a Chicago-based electric power distributor. |
Nortex Midstream Partners LLC | Castleton Commodities International LLC | | Castleton Commodities International LLC, a unit of DF Energy Acquisition LLC, acquired Nortex Midstream Partners LLC, a Houston-based pipeline transportation services of natural gas, from Alinda Capital Partners LLC. |
Chartlytics LLC | CentralReach LLC | | CentralReach LLC acquired Chartlytics LLC, a State College-based software publisher. |
21st Century Fox-Entertainment Assets | Comcast Corp | | Comcast Corp is rumored to be planning to acquire the entertainment assets of 21st Century Fox, a New York-based provider of subscription programming services. |
Mountain Oaks,Stone Mountain,GA | Crown Bay Group LLC | | Crown Bay Group LLC acquired Mountain Oaks, a 168-unit apartment complex in Stone Mountain. Concurrently, Crown acquired Pines at Greenbriar. Both transactions have a combined value of $27.7 million. |
Kruger Commodities Inc | Darling Ingredients Inc | | Darling Ingredients Inc acquired Kruger Commodities Inc, an Omaha-based meat byproduct processor. |
Iam Inc | DPW Holdings Inc | | DPW Holdings Inc plans to acquire Iam Inc, a San Diego-based manufacturer of electronic components. |
Corrugated Container Corp | DS Smith PLC | | DS Smith PLC of the UK agreed to acquire Corrugated Container Corp, a Roanoke-based manufacturer of fiber boxes. |
GameFly Inc | Electronic Arts Inc | | Electronic Arts Inc acquired GameFly Inc, a Los Angeles-based provider of video tape and disc rental services. |
Conservation Solutions Inc | Evergreene Architectural Arts Inc | | Evergreene Architectural Arts Inc acquired Conservation Solutions Inc, a firm that provides heritage preservation services for properties. |
Aker Wade Power Technologies LLC | Exide Technologies | | Exide Technologies acquired Aker Wade Power Technologies LLC, a Charlottesville-based manufacturer of automobile charging systems. |
Prologic Technology Systems | Frontline Technologies Group LLC | | Frontline Technologies Group LLC, a unit of Thoma Bravo LLC, acquired Prologic Technology Systems, a software publisher. |
First Security Inc | German American Bancorp Inc,Jasper,Indiana | | German American Bancorp Inc plans to acquire the remaining stake it did not already own in First Security Inc, a Charleston- based provider of security systems services. |
Toledo Molding & Die Inc | Grammer AG | | Grammer AG of Germany plans to acquire Toledo Molding & Die Inc, a Toledo-based manufacturer of plastics products, from Industrial OpportunityPartners LLC. |
Nootropic | Griffin Atlas Ltd | | Griffin Atlas Ltd acquired Nootropic, a wholesaler of durable goods. |
Milani Cosmetics Corp | Gryphon Investors Inc | | Gryphon Investors Inc plans to acquire an undisclosed majority interest in Milani Cosmetics Corp, a Los Angeles-based cosmetics retailer, via a leveraged buyout transaction. |
SWNB Bancorp Inc | Hanmi Financial Corp | | Hanmi Financial Corp definitively agreed to acquire SWNB Bancorp Inc, a Houston-based commercial bank, for about $76.7 mil. |
BearTooth Advisors LLC | Houlihan Lokey Inc | | Houlihan Lokey Inc acquired BearTooth Advisors LLC, a New York City-based investment advisor, from Riverstone Holdings LLC. |
Cornerstone Broker Services Agency LLC | Integrity Marketing Group LLC | | Integrity Marketing Group LLC, a unit of HGGC LLC, plans to acquire Cornerstone Broker Services Agency LLC, a Cinncinati-based provider of administrative management and general management consulting services. |
Action Artwork Rental | Investor Group | | An investor group, comprising Zombie Cat Productions and Second Hand Interesting Things, acquired Action Artwork Rental, an Atlanta-based firm that rents out paintings, sculptures and other works of art to film productions that have been previously cleared for rights. |
MDH Services LLC | JPH Holdings LLC | | JPH Holdings LLC acquired MDH Services LLC, a Montgomery-based provider of support services for oil and gas operations. |
Marathon Global Inc | Kaneh Bosm Biotechnology Inc | | Kaneh Bosm Biotechnology Inc of Canada plans to acquire a 50% stake in Marathon Global Inc, a Rogers-based provider of management consulting services. |
Shorewood RV Center | Lazydays Holdings Inc | | Lazydays Holdings Inc agreed to acquire Shorewood RV Center, an Anoka-based campgrounds operator. |
Legacy Fighting Alliance | London Trust Media Holdings | | London Trust Media Holdings acquired an undisclosed majority interest in Legacy Fighting Alliance, a Houston-based event promoter. |
SIRVA Inc | Madison Dearborn Partners LLC | | Madison Dearborn Partners LLC agreed to acquire SIRVA Inc, an Oakbrook Terrace-based provider of packing and crating services, from Aurora Capital Group via a leveraged buyout transaction. |
PM Reality Group LP | Madison Marquette Realty Services LP | | Madison Marquette RealtyServices LP plans to acquire the remaining stake it does not already own in PM Reality Group LP, a Houston-based real estate agency. |
Medallic Art Co LLC | Medalcraft Mint Inc | | Medalcraft Mint Inc acquired Medallic Art Co LLC, manufacturer of pharmaceutical preparation. |
Aveus LLC | Medecision Inc | | Medecision Inc, a unit of Health Care Service Corp, acquired Aveus LLC, a Bloomington-based provider of management consulting services. |
SpeedyGrow | Medical Cannabis Network Inc | | Medical Cannabis Network Inc of Canada, a unit of Aminex Chemicals Ltd, acquired SpeedyGrow, a nursery production establishment. |
Goldhat Resources Inc | New Point Exploration Corp | | New Point Exploration Corp of Canada plans to acquire the entire share capital of Goldhat Resources Inc, a chemical and fertilizer mineral mine operator, including the Empire Lithium property in Nevada. |
Gem Water Utility | Ninestar Connect | | Ninestar Connect plans to acquire Gem Water Utility, a Cumberland-based water supply system operator, from the State of Rhode Island's Town of Cumberland Housing Authority. |
Harrison Electrical Construction | Olsson Industrial Electric | | Olsson Industrial Electric acquired Harrison Electrical Construction, an industrial building constructor. |
Polaris Alpha LLC | Parsons Infrastructure & Technology Group Inc | | Parsons Infrastructure & Technology Group Inc acquired Polaris Alpha LLC, an Aberdeen Proving Ground-based provider of security systems services, from Arlington Capital Partners LP. |
GlobalLogic Inc | Partners Group AG | | Switzerland's Partners Group AG, a unit of Partners Group Holding AG, acquired an undisclosed majority interest in GlobalLogic Inc, a San Jose-based software publisher, via a secondary buyout transaction from ODSA Topco Ltd (ODSA), ultimately owned by Apax Partners LLP. Originally, ODSA acquired GlobalLogic. |
Mutual of Omaha Bank-Carson City Branch,NV | Plumas Bank,Quincy,CA | | Plumas Bank, a unit of Plumas Bancorp, agreed to acquire the Carson City branch of Mutual of Omaha Bank, an Omaha-based savings institution. |
Pecan Grove Solutions LLC | Quality Solutions Inc | | Quality Solutions Inc acquired Pecan Grove Solutions LLC, an Alvin-based provider of repair and maintenance services for commercial and industrial machinery and equipment. |
Symphony Commerce Inc | Quantum Retail Technology Inc | | Quantum Retail Technology Inc acquired Symphony Commerce Inc, a software publisher. |
Neese Industries Inc | Radians Inc | | Radians Inc acquired Neese Industries Inc, a Gonzales-based apparel cutting and sewing contractor. |
BRC Group LLC | Relevent Sports LLC | | Relevent Sports LLC, a unit of MDC Partners Inc, acquired BRC Group LLC, a Sausalito-based provider of marketing consulting services. |
Corporate Benefit Audits | Risk Strategies Co Inc | | Risk Strategies Co Inc, a unit of Kelso & Co, acquired Corporate Benefit Audits, a North Andover-based accounting firm. |
Rogue Creamery Inc | Savencia Fromage & Dairy International S.A.S | | Savencia Fromage & Dairy International S.A.S of France acquired Rogue Creamery Inc, a Central Point-based manufacturer of cheese. |
Enlighted Inc | Siemens Building Technologies Inc | | Siemens Building Technologies Inc, a unit of Siemens AG, plans to acquire Enlighted Inc, a Sunnyvale-based provider of specialty trade contractor services. |
Landscapers Choice | SiteOne Landscape Supply Inc | | SiteOne Landscape Supply Inc acquired Landscapers Choice, a Naples-based provider of landscaping services. |
Fermatex Vascular Technologies LLC | Spectrum Plastics Group Inc | | Spectrum Plastics Group Inc, a unit of AEA Investors LP, acquired Fermatex Vascular Technologies LLC, a Wall-based manufacturer of medical instruments, from Vance Street Capital LLC. |
GoGuardian Inc | Sumeru Equity Partners Inc | | Sumeru Equity Partners Inc acquired an undisclosed majority interest in GoGuardian Inc, a Los Angeles-based reproducer of software, via a leveraged buyout transaction. |
Fjord LLC | Tegra | | Tegra acquired Fjord LLC, an apparels manufacturer. |
Master Robotics LLC | TIE Industrial | | TIE Industrial plans to acquire Master Robotics LLC, an Almont-based manufacturer of industrial machinery. |
Halo Branded Solutions Inc | TPG Growth Fund | | TPG Growth Fund, a unit of TPG Capital LP, plans to acquire Halo Branded Solutions Inc, a Sterling-based online retailer, from Audax Group LP. |
Sparrows Point Shipyard | Tradepoint Atlantic Industrial Portfolio | | Tradepoint Atlantic Industrial Portfolio acquired Sparrows Point Shipyard in Maryland. |
iovation Inc | Transunion LLC | | Transunion LLC agreed to acquire iovation Inc, a Portland-based software publisher. |
Healthcare Payment Specialists LLC | Transunion LLC | | Transunion LLC agreed to acquire Healthcare Payment Specialists LLC, a Fort Worth-based software publisher. Concurrently, Transunion agreed to acquire iovation Inc. |
Contract Guardian Inc | UCG Technologies | | UCG Technologies acquired Contract Guardian Inc, an Independence-based firm that provides automated contract management software. |
SpaceoutVR Inc | ValueSetters Inc | | ValueSetters Inc acquired SpaceoutVR Inc, a Troy-based mobile software publisher. |
RedBrick Health Corp | Virgin Pulse Inc | | Virgin Pulse Inc plans to merge with RedBrick Health Corp, a Minneapolis-based insurance fund. |
Superior Industrial Maintenance | Warren Equity Partners LLC | | Warren Equity Partners LLC acquired Superior Industrial Maintenance, a commercial building constructor. |
Alpine Waste & Recycling Inc | Waste Industries USA Inc | | Waste Industries USA Inc, jointly owned by HPS Investment Partners LLC and Equity Group Investments LLC, merged with Alpine Waste & Recycling Inc, a Denver-based provider of waste collection and recycling services. |
US M&A Deals Announced May 18 to 24, 2018 | | | |
Source: Thomson Reuters | | | |