Target | Acquirer | Value ($millions) | Synopsis |
NutriSystem Inc | Tivity Health Inc | 1,443.4 | Tivity Health Inc definitively agreed to acquire the entire share capital of NutriSystem Inc, a Horsham-based provider of weight management and fitness services, for $1.443 billion. Tivity offered $38.75 in cash and 0.2141 common shares per NutriSystem share. Based on Tivity's closing stock price of $40.61 on 7 December 2018, the last full trading day prior to the announcement, each NutriSystem share was valued at $47.445. Upon completion of the deal, Tivity and NutriSystem will respectively own 87% and 13% of the merged entity. |
Ranpak Corp | One Madison Corp | 950.0 | One Madison Corp definitively agreed to acquire Ranpak Corp, a Concord Township-based manufacturer of folding paperboard boxes, for $950 million in cash from Rhone Capital LLC, ultimately owned by Rhone Group LLC. |
CBS Corp-CBS Television City Property & Sound Stage Operations | Hackman Capital Partners LLC | 750.0 | Hackman Capital Partners LLC definitively agreed to acquire CBS Television City Property & Sound Stage Operations of CBS Corp, a New York City-based mass media company, for $750 million via a sale and leaseback transaction. |
Waypoint Leasing Holdings Ltd | Macquarie Group Ltd | 650.0 | Macquarie Group Ltd of Australia definitively agreed to acquire the bankrupt Waypoint Leasing Holdings Ltd, a Darien-based provider of commercial transportation equipment rental and leasing services, for an estimated $650 mil. |
Aurora Diagnostics LLC | Sonic Healthcare Ltd | 540.0 | Sonic Healthcare Ltd of Australia agreed to acquire the entire share capital of Aurora Diagnostics LLC, a Palm Beach Gardens-based medical laboratory operator, from Aurora Diagnostics Holdings LLC for $540 million in cash. |
Iqms Inc | Dassault Systemes SA | 425.0 | Dassault Systemes SA of France definitively agreed to acquire IQMS Inc, a Paso Robles-based software publisher, for $425 million in cash. |
Linde Gas North America Llc-Hydrogen & Carbon Monoxide Business | Matheson Tri-Gas Inc | 413.1 | Matheson Tri-Gas Inc, a unit of Taiyo Nippon Sanso Corp, plans to acquire hydrogen & carbon monoxide business of Linde Gas North America Llc, a Murray Hill-based manufacturer of industrial gas owned by Linde AG, for $413.07 million. |
National Teachers Associates Life Insurance Co | Horace Mann Educators Corp | 405.0 | Horace Mann Educators Corp definitively agreed to acquire National Teachers Associates Life Insurance Co, an Addison-based direct life insurance carrier, for $405 million. |
Bitesquad.com LLC | Waitr Holdings Inc | 321.5 | Waitr Holdings Inc definitively agreed to acquire Bitesquad.com LLC, a Minneapolis-based software publisher, for $321.456 million. The consideration will consist of $202.1 million in cash and the issuance of 10.6 million in common shares valued at $119.356 million. The shares were valued based on Waitr's closing stock price of $11.26 on 11 December 2018, the last full trading day prior to the announcement. |
Good Food Holdings LLC | E-Mart Inc | 270.0 | E-Mart Inc of South Korea plans to acquire Good Food Holdings LLC, a Philadelphia-based provider of financial investment services, for $270 million. |
Hess Corp-Bakken Water Business | Hess Infrastructure Partners LP | 225.0 | Hess Infrastructure Partners LP plans to acquire the Bakken water business of Hess Corp, a New York-based petroleum refinery operator, for $225 mil. |
Petersen Aluminum Corp | Carlisle Construction Materials | 197.0 | Carlisle Construction Materials, a unit of Carlisle Cos Inc, definitively agreed to acquire Petersen Aluminum Corp, an Elk Grove Village- based roofing, siding and insulation material merchant wholesaler, for an estimated $197 million. |
Veritone Inc | Apis Ventures LLC | 188.3 | Via an unsolicited offer, Apis Ventures LLC, a unit of Apis Capital Management LLC, plans to acquire the remaining 94.97% interest it does not already own in Veritone Inc, a Costa Mesa-based provider of data processing and hosting services, for $10.26 in cash per share or a total of $188.325 million. |
SI Financial Group Inc | Berkshire Hills Bancorp Inc | 180.4 | Berkshire Hills Bancorp Inc definitively agreed to merge with SI Financial Group Inc, a Willimantic-based bank holding company, via a stock swap transaction valued at $180.446 million. Berkshire Hills offered 0.48 common share per SI Financial share. Based on Berkshire Hills' closing stock price of $31.24 on 10 December 2018, the last full trading day prior to the announcement, each SI Financial share was valued at $14.995. |
Syntron Material Handling LLC | Kadant Inc | 179.0 | Kadant Inc plans to acquire Syntron Material Handling LLC, a Saltillo-based manufacturer of material handling equipment, from Levine Leichtman Capital Partners Inc for $179 million in cash. |
Dexter Horton Building,Seattle,Washington | CIM Group Acquisitions LLC | 151.0 | CIM Group Acquisitions LLC has agreed to acquire the Dexter Horton Building in Seattle, for $151 million from Pacific Dexter Horton LLC, owned by Pacific Eagle (US) Real Estate Fund LP. |
Bridgeview Bancorp Inc | First Midwest Bancorp Inc, Itasca,Illinois | 145.0 | First Midwest Bancorp Inc in Itasca, Illinois definitively agreed to acquire the entire share capital of Bridgeview Bancorp Inc, a Bridgeview-based commercial bank, for an estimated $145 million. The consideration will consist of a combination of $1.79 cash and 0.277 First Midwest common shares for every Bridgeview share. |
Hiperos LLC | Coupa Software Inc | 95.0 | Coupa Software Inc acquired Hiperos LLC, a Wesborough-based software publisher, from Opus Global Holdings LLC for $95 million. |
Uniti Financial Corp | BayCom Corp | 60.7 | BayCom Corp definitively agreed to acquire the entire share capital of Uniti Financial Corp, a Buena Park-based commercial bank, for $60.692 million. The consideration will consist of $2.3 in cash per share and 0.0723 common shares per Uniti share. Based on Bay's closing stock price of 22.63 on 9 December 2018, the last full trading day prior to the announcement, each Uniti share was valued at $1.636. Upon completion of the deal, Bay and Uniti will respectively own 90.7% and 9.3% of the combined entity. |
Deco Logistics Inc | Universal Logistics Holdings Inc | 60.0 | Universal Logistics Holdings Inc acquired Deco Logistics Inc, a Riverside-based provider of logistics consulting services, for an estimated $60 million in cash. The transaction included Oaktree Logistics Inc. |
Huntington National Bank-Wisconsin branch bank operations | Associated Bank NA | 34.0 | Associated Bank NA, a unit of Associated Banc-Corp, agreed to acquire Wisconsin branch bank operations of Huntington National Bank, a Columbus-based commercial bank, ultimately owned by Huntington Bancshares Inc in Columbus, Ohio, for $34 million. |
All American Poker Network | 888 Holdings PLC | 28.0 | 888 Holdings PLC of Gibraltar acquired the remaining 53% interest it did not already own in All American Poker Network, a provider of gambling services, from its joint venture partner Avenue Capital Group LLC for $28 million. |
FMB Equibanc Inc | Morris State Bancshares Inc | 23.6 | Morris State Bancshares Inc definitively agreed to merge with FMB Equibanc Inc, a Statesboro-based commercial bank, via a stock swap transaction valued at $23.6 million. The consideration will consist of a choice of issuance of stock valued at $23.6 mil, or $23.6 million in cash, or a combination of stock and cash valued with a similar total value. |
Hyatt Place Jacksonville Airport,Jacksonville,Florida | Apple Hospitality REIT Inc | 15.4 | Apple Hospitality REIT Inc acquired Hyatt Place Jacksonville Airport, a hotel in Jacksonville, for an estimated $15.4 million. |
Momentum Water Transfer Services LLC | Smg Industries Inc | 1.4 | SMG Industries Inc acquired the entire share capital of Momentum Water Transfer Services LLC, a Houston-based water and sewer Line constructor, for an estimated $1.396 million. The consideration will consist of $0.362 million in cash, $0.800 million in subordinated notes and issuance of 0.550 million common shares valued at $0.234 million. The shares were valued based on SMG's closing stock price of $0.425 on 7 December 2018, the last full trading day prior to the announcement. |
Adaptly Inc | Accenture PLC | | Accenture PLC of Republic of Ireland agreed to acquire Adaptly Inc, a New York City-based provider of custom computer programming services. |
International Imaging Materials Inc | ACON Investments LLC | | ACON Investments LLC, a unit of TPG Capital LP, acquired International Imaging Materials Inc, an Amherst-based manufacturer of carbon paper and inked ribbons, from Altus Capital Partners II LP, ultimately owned by Altus Capital Partners LLC via a leveraged buyout transaction. |
Mustache LLC | Cognizant Technology Solutions Corp | | Cognizant Technology Solutions Corp plans to acquire Mustache LLC, a Brooklyn-based provider of marketing consulting services. |
Cast & Crew Entertainment Services LLC | EQT VIII | | EQT VIII of the UK, a unit of EQT Fund Management Sarl, agreed to acquire Cast & Crew Entertainment Services LLC, a Burbank-based provider of payroll services, from Silver Lake Management LLC via a tertiary buyout transaction. Previously, Silver Lake acquired Cast & Crew. Originally, Cast & Crew Entertainment Services LLC SPV acquired Cast & Crew. |
CannaMLS | Have A Heart | | Have A Heart acquired CannaMLS, a Seattle-based manufacturer of medicinals and botanicals. |
Citizens Parking Inc | Investor Group | | An investor group, comprised of Mubadala Capital, a unit of the Emirati state-owned Mubadala Development Co PJSC and ParkJockey Global Inc acquired Citizens Parking Inc, an Atlanta-based parking lot and garage operator. |
Clearplan Inc | KAR Auction Services Inc | | KAR Auction Services Inc acquired Clearplan Inc, a Reno-based software reproducer. |
Otis-Magie Insurance Agency Inc | Marsh & McLennan Agency LLC | | Marsh & McLennan Agency LLC, a unit of Marsh Inc, acquired Otis-Magie Insurance Agency Inc, a Duluth-based insurance agency. |
Bell Wealth Management | Mercer Advisors Inc | | Mercer Advisors Inc, a unit of Genstar Capital LLC, acquired Bell Wealth Management, a South Burlington-based investment advisor. |
Evans Adhesive Corp | Meridian Adhesives Group LLC | | Meridian Adhesives Group LLC, a unit of Arsenal Capital Partners LP, acquired Evans Adhesive Corp, a Rancho Cucamonga-based manufacturer of industrial adhesives. |
Meyers Research LLC | MidOcean Partners LLP | | MidOcean Partners LLP, a unit of Ripplewood Holdings LLC, acquired Meyers Research LLC, a Costa Mesa-based provider of marketing research and opinion polling services, from Kennedy-Wilson Holdings Inc via a leveraged buyout transaction. Concurrently, MidOcean acquired Hanley Wood Media Inc. |
Hanley Wood Media Inc | MidOcean Partners LLP | | MidOcean Partners LLP (MidOcean), a unit of Ripplewood Holdings LLC, acquired Hanley Wood Media Inc, a Washington Dc-based media buying agency, via a leveraged buyout transaction. Concurrently, MidOcean acquired Meyers Research LLC. |
Broadcast Sports International LLC | NEP Group Inc | | NEP Group Inc, a unit of Carlyle Global Partners LP, acquired Broadcast Sports International LLC, a Hanover-based provider of wireless broadcast audio-visual services. |
Netsmart Technologies Inc | Netsmart Technologies Inc SPV | | Netsmart Technologies Inc SPV, a special purpose acquisition vehicle formed owned by GI Partners LLP and TA Associates Management LP, definitively agreed to acquire Netsmart Technologies Inc, an Overland Park-based software publisher, from Nathan Holding LLC, jointly owned by GI Partners LLP and Allscripts Healthcare Solutions Inc via an internal reorganization and a leveraged buyout. |
BrightSpring Health Services | PharMerica Corp | | PharMerica Corp, a unit of Phoenix Parent Holdings Inc, agreed to acquire BrightSpring Health Services, a Louisville-based provider of home health care services, from Onex Corp. |
Ambonare Inc | Red River Technology LLC | | Red River Technology LLC acquired Ambonare Inc, an Austin-based provider of computer systems design services. |
ServiceMax Inc | Silver Lake Management LLC | | Silver Lake Management LLC agreed to acquire a 90% interest in ServiceMax Inc, a San Ramon-based provider of Field Service Management Software, from GE Digital Energy (GE Power Systems), owned by GE Power Systems, via a leveraged buyout transaction. |
Pal-Med Inc | Solara Medical Supplies Inc | | Solara Medical Supplies Inc acquired Pal-Med Inc, a West Columbia-based wholesaler of medical equipment and supplies. |
Dealerscience Llc | TrueCar Inc | | TrueCar Inc, a unit of Peppy Capital-25 LP, acquired the entire share capital of Dealerscience Llc, a Boston-based software publisher. |
7Park Data Inc | Vista Equity Partners LLC | | Vista Equity Partners LLC acquired 7Park Data Inc, a New York City-based software publisher, via a leveraged buyout transaction. |
American Disposal Services Inc | Waste Connections Inc | | Waste Connections Inc of Canada acquired American Disposal Services Inc, a Manassas-based provider of solid waste collection services, from Allied Waste Industries Inc, ultimately owned by Republic Services Inc. |
Yellow Cab Of Albuquerque | zTrip Inc | | zTrip Inc acquired Yellow Cab of Albuquerque, an Albuquerque-based provider of taxi services. |
US M&A Deals Announced December 7 to 13, 2018 | | | |
Source: Thomson Reuters | | | |