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Target Acquirer Value ($millions) Synopsis
OKpanda Inc-OKpanda English Conversation App Alc Press Inc Alc 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,TX BSR Real Estate Investment Trust 53.1 BSR Real Estate Investment Trust of Canada acquired Wimerbly Apartments, a Dallas-based lessor of residential buildings and dwellings, for USD 53.05 mil.
QualMetrix Inc Clinigence LLC Clinigence LLC, a unit of Clinigence Holdings Inc, merged with QualMetrix Inc, a Miramar-based provider of data processing and hosting services.
Credit Union South Central Sunbelt Federal Credit Union Inc Central Sunbelt Federal Credit Union Inc planned to merge with Credit Union South, a Gulfport-based credit union.
Lakeside Winter Park,Florida InvenTrust Properties Corp 63.5 InvenTrust 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,Florida InvenTrust Properties Corp InvenTrust 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 Inc SCILEX Pharmaceuticals Inc SCILEX 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 LLC CieloGov LLC CieloGov LLC, a unit of Cielo Global Holdings LLC, acquired Alytica LLC, a Washington DC-based provider of management consulting services.
IPSCO Tubulars Inc Tenaris SA 1209.0 Tenaris 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 LLC Community Brands Holdings LLC Community Brands Holdings LLC acquired Core- apps LLC, an Arnold-based software publisher. Terms were not disclosed.
Brammer Bio LLC Thermo Fisher Scientific Inc 1700.0 Thermo 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 LLC Performance Trust Capital Partners LLC Performance 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 Rentals Abcom Technology Group Inc Abcom Technology Group Inc acquired SmartSource Rentals, a Hauppauge-based provider computer rentals services.
County Bank Corp ChoiceOne Financial Services Inc 140.6 ChoiceOne 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 Inc Biofrontera Newderm LLC Biofrontera 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 Inc World Co Ltd 20.0 World 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 Maine ENMAX Corp 1300.0 ENMAX 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 Inc Opcapita Consumer Opportunities Fund II LP Opcapita 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 LLC True North Advisors LLC True North Advisors LLC acquired Western Research & Management LLC, intermediator. Terms were not disclosed.
Terra Nova Technologies Inc Cementation USA Inc 38.0 Cementation 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 Change Metrolube Cos Metrolube Cos acquired Valvoline Instant Oil Change, a Fort Pierce-based automotive lubrication shop operator.
The Sextant Group Inc NV5 Global Inc NV5 Global Inc acquired The Sextant Group Inc, a Pittsburgh-based provider of audiovisual, information and communications technology, acoustics consulting, and design services.
Bi Nutraceuticals Inc Mb-Holding GmbH & Co KG Mb-Holding GmbH & Co KG of Germany acquired Bi Nutraceuticals Inc, food supplement products retailer.
Peak 8 Asset Management LLC Hunt Capital Holdings LLC Hunt Capital Holdings LLC acquired Peak 8 Asset Management LLC, a Greenwich-based asset management firm.
Dermatology & Skin Surgery Center Schweiger Dermatology Group PLLC Schweiger Dermatology Group PLLC acquired Dermatology & Skin Surgery Center, a Gordon-based physician's office operator. Terms were not disclosed.
Guyder Hurley PC Marcum LLP Marcum LLP merged with Guyder Hurley PC, a Braintree-based certified public accountant's office.
Cantrell Machine Co Inc Bettcher Industries Inc Bettcher 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 Assets University Lending Group LLC 0.2 University 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 Co Tnemec Co Inc Tnemec Co Inc acquired ProPolymer Coatings Co, a St. Louis-based manufacturer of coatings.
Jpm Networks LLC Luxor Furniture Luxor Furniture acquired Jpm Networks LLC, a Dallas-based manufacturer of wireless communications equipment.
McLean Insurance Agency Inc Arthur J Gallagher & Co Arthur 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 Corp Transom Capital Group LLC Transom 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 Inc Vista Equity Partners LLC Vista 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 LLC Madison Marquette Realty Services LP Madison 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 Inc Cousins Properties Inc 1589.5 Cousins 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 Inc Generic Gold Corp Generic 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 Inc Blackstone Group LP Blackstone 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 Partners TPG Capital LP TPG 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 Corp Olympus Partners LP Olympus 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 Assets Superior Plus Corp Superior 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 Assets Superior Plus Corp Superior 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 LLC Spotify Technology SA Spotify Technology SA of Luxembourg definitively agreed to acquire Cutler Media LLC, a Woodland Hills-based internet portal operator.
Systron Donner Inc Resilience Capital Partners LLC Resilience 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 LLC Lovett Inc Lovett Inc acquired Synergy Restoration & Construction LLC, a Portland-based provider of restoration services.
Venue Management Systems Inc Hospitality Management Solutions Hospitality Management Solutions acquired Venue Management Systems Inc, a Las Vegas-based provider of business support services.
Midas Nursery Solutions TreeSap Farms LLC TreeSap Farms LLC acquired Midas Nursery Solutions, a Hillsboro-based nursery and garden products retailer. Terms were not disclosed.
A Squared Group Duncan Channo Inc Duncan Channo Inc acquired A Squared Group, a Los Angeles-based provider of marketing consulting services.
Michigan Dermatology Pinnacle Dermatology LLC Pinnacle Dermatology LLC acquired Michigan Dermatology, a Flint-based physician's office operator.
Envy Medical Inc Allergan PLC Allergan PLC acquired Envy Medical Inc, a Long Beach-based manufacturer of pharmaceutical preparation.
Ih 20 West Business Park(3) Investor Group An 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,Georgia Hillwood Development Co LLC Hillwood Development Co LLC, a unit of Perot Group, acquired Valentine 85 Logistics Center, a Pendergrass-based lessor of nonresidential buildings.
Flex Oil Service LLC Origin Americas LLC Origin Americas LLC acquired Flex Oil Service LLC, a Channelview-based producer of filtered and antifreeze recycled oil.
6676,6701 & 6715 Corp Parkway,Fort Worth,Texas Investor Group An 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 Inc TABS Analytics Inc TABS Analytics Inc acquired Hybrid Intelligence Inc, a Shelton-based provider of enterprise integration, data management, analysis, planning and analytics services.
DynaSis Integrated Systems Corp Novatech Inc Novatech Inc merged with DynaSis Integrated Systems Corp, an Alpharetta-based software publisher. Terms were not disclosed.
Wrangle LLC Ascensus Inc Ascensus 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 Union Pathways Financial Credit Union Inc Pathways Financial Credit Union Inc planned to merge with Incenta Federal Credit Union, an Englewood-based credit union.
Bronfman E.L. Rothschild NFP Corp NFP Corp, a unit of Madison Dearborn Partners LLC, definitively agreed to acquire Bronfman E.L. Rothschild, a Rockville-based investment advisor.
Sports Illustrated TPG Capital LP TPG 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 Inc Bain Capital Double Impact Bain 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 Inc Guardant Health Inc Guardant Health Inc definitively agreed to acquire Bellwether Bio Inc, a Seattle-based provider of biotechnology research and development services.
Tradewind Energy-Solar & Energy Storage Unit Green Investment Group Ltd Green 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 Health Alchemist Mining Inc 0.8 Alchemist 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 Apartments Investor Group An 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 Assets DGO Corp 400.0 DGO 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 Corp Bridgepoint Advisers Group Ltd 160.0 Bridgepoint 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 Inc Mas Restaurant Group LLC Mas 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 Inc Centene Corp 15268.0 Centene 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 Inc ON Semiconductor Corp 1082.6 ON 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 Inc Resideo Technologies Inc Resideo Technologies Inc acquired Buoy Labs Inc, a Santa Cruz-based provider of information services. Terms were not disclosed.
Embassy Suites By Hilton Portland Maine AAM 15 Management LLC AAM 15 Management LLC acquired Embassy Suites By Hilton Portland Maine, a Portland-based hotel operator.
Toyota of McDonough Jim Ellis Volkswagen Inc Jim Ellis Volkswagen Inc acquired Toyota of McDonough, a McDonough-based new car dealer.
WABCO Holdings Inc ZF Friedrichshafen AG 6999.4 ZF 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
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