TargetAcquirerValue ($millions)Synopsis
OKpanda Inc-OKpanda English Conversation AppAlc Press IncAlc Press Inc of Japan, a unit of FreeBit Co Ltd, acquired OKpanda English conversation app of OKpanda Inc, a language school operator.
Wimerbly Apartments,Dallas,TXBSR Real Estate Investment Trust53.1BSR Real Estate Investment Trust of Canada acquired Wimerbly Apartments, a Dallas-based lessor of residential buildings and dwellings, for USD 53.05 mil.
QualMetrix IncClinigence LLCClinigence LLC, a unit of Clinigence Holdings Inc, merged with QualMetrix Inc, a Miramar-based provider of data processing and hosting services.
Credit Union SouthCentral Sunbelt Federal Credit Union IncCentral Sunbelt Federal Credit Union Inc planned to merge with Credit Union South, a Gulfport-based credit union.
Lakeside Winter Park,FloridaInvenTrust Properties Corp63.5InvenTrust Properties Corp (InvenTrust), a unit of The Inland Real Estate Group of Cos Inc, acquired Lakeside Winter Park, a Winter Park-based provider of land subdivision services, from Unicorp National Developments Inc. Concurrently, InvenTrust acquired Lakeside Crossing Center. The two transactions have a combined value of USD 63.5 mil.
Lakeside Crossing Center,FloridaInvenTrust Properties CorpInvenTrust Properties Corp (InvenTrust), a unit of The Inland Real Estate Group of Cos Inc, acquired Lakeside Crossing Center, a Winter Park-based provider of land subdivision services, from Unicorp National Developments Inc. Concurrently, InvenTrust acquired Lakeside Winter Park. The two transactions have a combined value of USD 63.5 mil.
Semnur Pharmaceuticals IncSCILEX Pharmaceuticals IncSCILEX Pharmaceuticals Inc, a unit of Sorrento Therapeutics Inc, acquired the entire share capital of Semnur Pharmaceuticals Inc, a Mountain View-based manufacturer of pharmaceutical preparation.
Alytica LLCCieloGov LLCCieloGov LLC, a unit of Cielo Global Holdings LLC, acquired Alytica LLC, a Washington DC-based provider of management consulting services.
IPSCO Tubulars IncTenaris SA1209.0Tenaris SA of Luxembourg, a unit of the Techint Holdings SARL subsidiary of ROCCA & PARTNERS Stichting Administratiekantoor Aandelen SAN FAUSTINs San Faustin SA unit, definitively agreed to acquire the entire share capital of IPSCO Tubulars Inc, a Houston-based manufacturer of oil country tubular goods and line pipe products, from Trubnaia Metallurgicheskaia Kompaniia PAO, ultimately owned by TMK Steel Holding Ltd, for USD 1.209 bil.
Core-apps LLCCommunity Brands Holdings LLCCommunity Brands Holdings LLC acquired Core- apps LLC, an Arnold-based software publisher. Terms were not disclosed.
Brammer Bio LLCThermo Fisher Scientific Inc1700.0Thermo Fisher Scientific Inc definitively agreed to acquire Brammer Bio LLC, a Cambridge-based manufacturer of biological products, from Florida Biologix, ultimately owned by Ampersand Capital Partners, for an estimated USD 1.7 bil in cash.
Banks Street Partners LLCPerformance Trust Capital Partners LLCPerformance Trust Capital Partners LLC planned to acquire the entire share capital of Banks Street Partners LLC, an Atlanta-based provider of investment banking services.
SmartSource RentalsAbcom Technology Group IncAbcom Technology Group Inc acquired SmartSource Rentals, a Hauppauge-based provider computer rentals services.
County Bank CorpChoiceOne Financial Services Inc140.6ChoiceOne Financial Services Inc (ChoiceOne) definitively agreed to merge with County Bank Corp (CBC), a Lapeer-based commercial bank, for a total USD 140.599 mil, in a stock swap transaction. ChoiceOne offered 2.0632 newly issued common shares per CBC share. Based on ChoiceOne’s closing stock price of USD 24.7 on 22 March 2019, the last full trading day prior to the announcement, each CBC share was valued at USD 50.961. Upon closing, ChoiceOne and CBC were to own 50.1% interest and 49.9% stake, respectively in the merged entity.
Cutanea Life Sciences IncBiofrontera Newderm LLCBiofrontera Newderm LLC, a unit of Biofrontera Inc, agreed to acquire the entire share capital of Cutanea Life Sciences Inc, a Wayne-based manufacturer of pharmaceutical preparation, from Maruho Co Ltd.
Original IncWorld Co Ltd20.0World Co Ltd of Japan planned to raise its interest to 60%, from 6.8%, by acquiring a 53.2% interest in Original Inc, a San Francisco-based operator of men’s clothing retail business and software related business, for a total estimated USD 19. 997 mil.
Emera MaineENMAX Corp1300.0ENMAX Corp (ENMAX), a unit of Canadian-state owned City of Calgary (Calgary), definitively agreed to acquire the entire share capital of Emera Maine (Maine) , a Bangor-based electric transmission and distribution utility company, from Emera Inc (Emera), for an estimated USD 1.3 bil, including the assumption of USD 341 mil in liabilities. Originally, in November 2018, Emera announced that it was seeking a buyer for its assets.
Maurices IncOpcapita Consumer Opportunities Fund II LPOpcapita Consumer Opportunities Fund II LP of Guernsey, a unit of OpCapita LLP, definitively agreed to acquire an undisclosed majority interest in Maurices Inc, a Duluth-based women’s clothing retailer, from Ascena Retail Group Inc.
Western Research & Management LLCTrue North Advisors LLCTrue North Advisors LLC acquired Western Research & Management LLC, intermediator. Terms were not disclosed.
Terra Nova Technologies IncCementation USA Inc38.0Cementation USA Inc, a unit of Murray & Roberts Holdings Ltd, acquired the entire share capital of Terra Nova Technologies Inc, a Santee-based material handling systems contractor, from John Wood Group PLC, for USD 38 mil.
Valvoline Instant Oil ChangeMetrolube CosMetrolube Cos acquired Valvoline Instant Oil Change, a Fort Pierce-based automotive lubrication shop operator.
The Sextant Group IncNV5 Global IncNV5 Global Inc acquired The Sextant Group Inc, a Pittsburgh-based provider of audiovisual, information and communications technology, acoustics consulting, and design services.
Bi Nutraceuticals IncMb-Holding GmbH & Co KGMb-Holding GmbH & Co KG of Germany acquired Bi Nutraceuticals Inc, food supplement products retailer.
Peak 8 Asset Management LLCHunt Capital Holdings LLCHunt Capital Holdings LLC acquired Peak 8 Asset Management LLC, a Greenwich-based asset management firm.
Dermatology & Skin Surgery CenterSchweiger Dermatology Group PLLCSchweiger Dermatology Group PLLC acquired Dermatology & Skin Surgery Center, a Gordon-based physician’s office operator. Terms were not disclosed.
Guyder Hurley PCMarcum LLPMarcum LLP merged with Guyder Hurley PC, a Braintree-based certified public accountant’s office.
Cantrell Machine Co IncBettcher Industries IncBettcher Industries Inc, a unit of Red Barn Holdings Inc, acquired Cantrell Machine Co Inc, a Gainesville-based manufacturer of food product machinery.
Huron Valley Financial Inc-Certain AssetsUniversity Lending Group LLC0.2University Lending Group LLC, a unit of University Bank,Ann Arbor,Michigan, acquired certain assets of Huron Valley Financial Inc, an Ann Arbor-based provider of real estate credit services, for a total USD 0. 225 mil.
ProPolymer Coatings CoTnemec Co IncTnemec Co Inc acquired ProPolymer Coatings Co, a St. Louis-based manufacturer of coatings.
Jpm Networks LLCLuxor FurnitureLuxor Furniture acquired Jpm Networks LLC, a Dallas-based manufacturer of wireless communications equipment.
McLean Insurance Agency IncArthur J Gallagher & CoArthur J Gallagher & Co acquired McLean Insurance Agency Inc, a Potomac Falls-based insurance agency, from Canada Brokerlink (Ontario) Inc, owned by Canada Brokerlink Inc. Terms of the transaction were not disclosed.
Pelco CorpTransom Capital Group LLCTransom Capital Group LLC planned to acquire Pelco Corp, a Fresno-based manufacturer of audio and video equipment, from Schneider Electric SE, in a leveraged buyout transaction.
PlanSource IncVista Equity Partners LLCVista Equity Partners LLC definitively agreed to acquire PlanSource Inc, a Louisville-based insurance agency, from CoAdvantage Resources Inc, in a leveraged buyout transaction.
The Roseview Group LLCMadison Marquette Realty Services LPMadison Marquette Realty Services LP, a unit of Capital Guidance Corp, definitively agreed to acquire the entire share capital of The Roseview Group LLC, a Boston-based lessor of real estate property. Terms were not disclosed.
TIER REIT IncCousins Properties Inc1589.5Cousins Properties Inc (Cousins) definitively agreed to merge with TIER REIT Inc (TIER), a Dallas-based real estate investment trust, in a stock swap transaction valued at USD 1.589 bil. Cousins offered 2.98 new issued common shares per TIER share. Based on Cousins’ closing stock price of USD 9.88 on 22 March 2019, the last full trading day prior to the announcement, each REIT share was valued at USD 29.442. Upon completion, Cousins and TIER were to own 72% interest and 28% stake, respectively in the merged entity.
OG DNA Genetics IncGeneric Gold CorpGeneric Gold Corp of Canada, a unit of Columbus International Inc, entered into a Letter of Intent {LoI} to acquire the entire share capital of OG DNA Genetics Inc, a San Diego-based provider of research and development services for cannabis strains, in a stock swap reverse takeover transaction.
Servpro Industries IncBlackstone Group LPBlackstone Group LP (Blackstone) acquired an undisclosed majority interest in Servpro Industries Inc (Servpro), a Gallatin-based provider of commercial repair and restoration services, in a leveraged buyout transaction. Terms were not disclosed. Originally, in March 2019, Blackstone was rumored to be planning to acquire Servpro.
Entertainment PartnersTPG Capital LPTPG Capital LP agreed to acquire Entertainment Partners, a Burbank-based developer of payroll solutions and software, in a leveraged buyout transaction. Terms were not disclosed.
Tank Holding CorpOlympus Partners LPOlympus Partners LP acquired Tank Holding Corp, a Lincoln-based provider of engineering services, from Leonard Green & Partners LP, in a leveraged buyout transaction.
Phelps Sungas Inc-Propane Distribution AssetsSuperior Plus CorpSuperior Plus Corp (SPC) of Canada agreed to acquire the propane distribution assets of Phelps Sungas Inc, a Geneva-based natural gas distributor. Concurrently, SPC agreed to acquire the propane distribution assets of BMK of Geneva Inc.
BMK of Geneva Inc-Propane Distribution AssetsSuperior Plus CorpSuperior Plus Corp (SPC) of Canada agreed to acquire the propane distribution assets of BMK of Geneva Inc, a Geneva-based natural gas distributor. Concurrently, SPC agreed to acquire the propane distribution assets of Phelps Sungas Inc.
Cutler Media LLCSpotify Technology SASpotify Technology SA of Luxembourg definitively agreed to acquire Cutler Media LLC, a Woodland Hills-based internet portal operator.
Systron Donner IncResilience Capital Partners LLCResilience Capital Partners LLC acquired Systron Donner Inc, a Concord-based manufacturer of quartz microelectrochemical systems for inertial sensing products, in a leveraged buyout transaction. Terms were not disclosed.
Synergy Restoration & Construction LLCLovett IncLovett Inc acquired Synergy Restoration & Construction LLC, a Portland-based provider of restoration services.
Venue Management Systems IncHospitality Management SolutionsHospitality Management Solutions acquired Venue Management Systems Inc, a Las Vegas-based provider of business support services.
Midas Nursery SolutionsTreeSap Farms LLCTreeSap Farms LLC acquired Midas Nursery Solutions, a Hillsboro-based nursery and garden products retailer. Terms were not disclosed.
A Squared GroupDuncan Channo IncDuncan Channo Inc acquired A Squared Group, a Los Angeles-based provider of marketing consulting services.
Michigan DermatologyPinnacle Dermatology LLCPinnacle Dermatology LLC acquired Michigan Dermatology, a Flint-based physician’s office operator.
Envy Medical IncAllergan PLCAllergan PLC acquired Envy Medical Inc, a Long Beach-based manufacturer of pharmaceutical preparation.
Ih 20 West Business Park(3)Investor GroupAn investor group, comprised of Corinth Land Co and Prattco Creekway Industrial acquired Ih 20 West Business Park(3), a Fort Worth-based owner and operateor of nonresidential buildings, from Wilks Heritage Group LLC.
Valentine 85 Logistics Center,Pendergrass,GeorgiaHillwood Development Co LLCHillwood Development Co LLC, a unit of Perot Group, acquired Valentine 85 Logistics Center, a Pendergrass-based lessor of nonresidential buildings.
Flex Oil Service LLCOrigin Americas LLCOrigin Americas LLC acquired Flex Oil Service LLC, a Channelview-based producer of filtered and antifreeze recycled oil.
6676,6701 & 6715 Corp Parkway,Fort Worth,TexasInvestor GroupAn investor group, comprised of Corinth Land Co and Prattco Creekway Industrial acquired 6676,6701 & 6715 Corp Parkway, a Fort Worth-based lessor of nonresidential buildings.
Hybrid Intelligence IncTABS Analytics IncTABS Analytics Inc acquired Hybrid Intelligence Inc, a Shelton-based provider of enterprise integration, data management, analysis, planning and analytics services.
DynaSis Integrated Systems CorpNovatech IncNovatech Inc merged with DynaSis Integrated Systems Corp, an Alpharetta-based software publisher. Terms were not disclosed.
Wrangle LLCAscensus IncAscensus Inc, jointly owned by Genstar Capital LLC and Aquiline Capital Partners LLC, planned to acquire Wrangle LLC, a Junction City-based provider of data processing and hosting services. Terms were not disclosed.
Incenta Federal Credit UnionPathways Financial Credit Union IncPathways Financial Credit Union Inc planned to merge with Incenta Federal Credit Union, an Englewood-based credit union.
Bronfman E.L. RothschildNFP CorpNFP Corp, a unit of Madison Dearborn Partners LLC, definitively agreed to acquire Bronfman E.L. Rothschild, a Rockville-based investment advisor.
Sports IllustratedTPG Capital LPTPG Capital LP was rumored to be planning to acquire Sports Illustrated, a Tampa-based periodical publisher, from Time Warner Inc, ultimately owned by AT&T Inc, in a leveraged buyout transaction.
Rural Sourcing IncBain Capital Double ImpactBain Capital Double Impact, a unit of Bain Capital LP, acquired an undisclosed majority interest in Rural Sourcing Inc, an Atlanta-based reproducer of software. Terms were not disclosed.
Bellwether Bio IncGuardant Health IncGuardant Health Inc definitively agreed to acquire Bellwether Bio Inc, a Seattle-based provider of biotechnology research and development services.
Tradewind Energy-Solar & Energy Storage UnitGreen Investment Group LtdGreen Investment Group Ltd of the UK, a unit of Macquarie Group Ltd, definitively agreed to acquire solar & energy storage unit of Tradewind Energy, a Lenexa-based electric power distributor, owned by Enel Green Power North America Incegp-Na.
Lady Chatterley HealthAlchemist Mining Inc0.8Alchemist Mining Inc (Alchemist) of Canada planned to raise its interest to 64%, from 15%, by acquiring a 49% stake in Lady Chatterley Health (LCH), a San Francisco-based retailer, for a total USD 0.8 mil. Concurrently, Alchemist signed a Letter of Intent {LoI} to acquire a 15% stake in LCH.
Seaside ApartmentsInvestor GroupAn investor group, comprised of Navarino Property Group and Mayfair Investment Partners acquired Seaside Apartments, an Atlantic Beach-based owner and operator of residential buildings and dwellings.
HG Energy II Appalachia LLC-Certain Producing Gas AssetsDGO Corp400.0DGO Corp, a unit of Diversified Gas & Oil PLC, agreed to acquire certain producing gas assets of HG Energy II Appalachia LLC, a Parkersburg-based producer of crude petroleum and natural gas, ultimately owned by Quantum Energy Partners LLC, for an estimated USD 400 mil in cash.
Kyriba CorpBridgepoint Advisers Group Ltd160.0Bridgepoint Advisers Group Ltd of the UK planned to acquire an undisclosed majority interest in Kyriba Corp, a New York-based reproducer of software, for a total USD 160 mil, in a leveraged buyout transaction.
Kormex Foods IncMas Restaurant Group LLCMas Restaurant Group LLC, a unit of Bessemer Investment Partners, acquired Kormex Foods Inc, a Houston-based full-service restaurant operator. Terms were not disclosed.
WellCare Health Plans IncCentene Corp15268.0Centene Corp (Centene) definitively agreed to merge with WellCare Health Plans Inc (WellCare), a Tampa-based provider of government- sponsored managed care services, in a stock swap transaction valued at USD 15. 268 bil. Centene offered USD 120 in cash and 3.38 common shares per WellCare common share. Based on Centene’s closing stock price of USD 54. 85 on 26 March 2019, the last full trading prior to the announcement, each share was valued at USD 305.393. Upon completion, Centene and WellCare shareholders were to own an approximately 71% interest and 29% stake in the merged entity, respectively.
Quantenna Communications IncON Semiconductor Corp1082.6ON Semiconductor Corp definitively agreed to acquire the entire share capital of Quantenna Communications Inc, a Fremont-based internet service provider, for USD 24.50 in cash per share, or a total value of USD 1.083 bil.
Buoy Labs IncResideo Technologies IncResideo Technologies Inc acquired Buoy Labs Inc, a Santa Cruz-based provider of information services. Terms were not disclosed.
Embassy Suites By Hilton Portland MaineAAM 15 Management LLCAAM 15 Management LLC acquired Embassy Suites By Hilton Portland Maine, a Portland-based hotel operator.
Toyota of McDonoughJim Ellis Volkswagen IncJim Ellis Volkswagen Inc acquired Toyota of McDonough, a McDonough-based new car dealer.
WABCO Holdings IncZF Friedrichshafen AG6999.4ZF Friedrichshafen AG of Germany (ZF), a unit of Zeppelin-Stiftung GmbH (Zeppelin-Stiftung), definitively agreed to merge with WABCO Holdings Inc (WABCO), an Auburn Hills-based manufacturer and wholesaler of vehicle electromechanical products, for USD 136.5 in cash per share, or a total value of USD 6.999 bil. Originally, in February 2019, ZF was rumored to be planning to acquire the entire share capital of WABCO.
US M&A Deals Announced March 22 to 28, 2019