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US M&A Deals Announced July 03 to 09, 2020
TargetAcquirerValue ($millions)Synopsis
Circuit Automation Inc-SolutioTaiyo America IncTaiyo America Inc, a unit of Taiyo Holdings Co Ltd, acquired Solution business of Circuit Automation Inc, a Huntington Beach-based manufacturer of bare printed circuit boards.
Dominion Energy Inc-NaturalBerkshire Hathaway Energy Co9,700.0Berkshire Hathaway Energy Co, a unit of Berkshire Hathaway Inc, definitively agreed to acquire natural gas transmission & storage business of Dominion Energy Inc, a Richmond-based electric power transmissions system operator, for a total USD 9.7 bil. The consideration was to consist of USD 4 bil in cash plus the assumption of 5.7 bil liabilities.
Avanti Polar Lipids IncCroda International PLC260.0Croda International PLC of the UK agreed to acquire Avanti Polar Lipids Inc, an Albaster-based manufacturer of medicinals and botanicals, for a total USD 260 mil. The consideration was to consist of USD 185 mil and up to further USD 75 mil in profit- related payments.
Postmates IncUber Technologies Inc2,650.0Uber Technologies Inc (Uber) definitively agreed to acquire the entire share capital of Postmates Inc (Postmates), a San Francisco-based provider of online food delivery services, for an estimated USD 2.65 bil, in a stock swap transaction. Originally, Uber was rumored to be planning to acquire the entire share capital of Postmates.
Stitcher IncSirius XM Holdings IncSirius XM Holdings Inc, a unit of Liberty Media Corp, was rumored to be planning to acquire Stitcher Inc, a San Francisco-based software publisher, from EW Scripps Co. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 300 mil.
Kiq LLCUnum Therapeutics Inc2.7Unum Therapeutics Inc acquired the entire share capital of Kiq LLC, manufacturer of biological products, for a total USD 2. 744 mil, in a stock swap transaction.
Lingerfelt-Buschwood IIIContinental Capital Partners10.4Continental Capital Partners LLC acquired Buschwood III of Lingerfelt CommonWealth Partners LLC, a Glen Allen-based provider of land subdivision services, owned by Liberty Property Trust, for a total USD 10.35 mil.
Control Sys Inc-Pking DivFlashParking IncFlashParking Inc acquired parking division of Control Systems Inc, a West Hartford-based provider of custom computer programming services. The terms of the deal are not disclosed.
Gbc Benefits LtdHub International LtdHub International Ltd, a unit of Hellman & Friedman LLC, acquired Gbc Benefits Ltd, a Fort Worth-based insurance agency. Terms of the deal were not disclosed.
Dow Inc-Rail InfrastructureWatco Cos LLCWatco Cos LLC definitively agreed to acquire the rail infrastructure assets of Dow Inc, a Midland-based manufacturer of plastics materials.
Jm Real Estate IncTzadik Mgmt Grp LlcTzadik Management Group LLC acquired Jm Real Estate Inc, a Melbourne-based lessor of residential buildings and dwellings.
Vivint Solar IncSunrun Inc1,398.9Sunrun Inc (Sunrun) definitively agreed to merge with Vivint Solar Inc (Vivint) , a Lehi-based electric power distributor, from 313 Acquisition LLC, owned by Blackstone Capital Partners VILP, for a total USD 1.399 bil, in a stock swap transaction. Sunrun offered 0. 55 per Vivint common share. The shares were valued based on Sunrun's closing stock price of USD 20 on 02 Jul 2020, the last full trading day prior to the announcement.
Tailgate Guys LLCTeall Capital Partners LLCTeall Capital Partners LLC raised its stake in Tailgate Guys LLC, an Opelika-based agency by acquiring an undisclosed majority interest, in a leveraged buyout transaction.
Liveoak Technologies IncDocuSign Inc38.0DocuSign Inc acquired the entire share capital of Liveoak Technologies Inc, an Austin-based software publisher, for a total USD 38 mil, in a stock swap transaction.
Cannabis Production FacilityCannapharmarx Inc10.0Cannapharmarx Inc signed a Letter of Intent {LOI} to acquire Undisclosed Cannabis Production Facility, a Cathedral City-based drugs merchant wholesaler, for a total USD 10 mil.
Broadcom Inc-Cert AstsSynaptics IncSynaptics Inc definitively agreed to acquire certain assets of Broadcom Inc, a San Jose-based manufacturer of semiconductors and related device.
State St Corp-Wealth ManagerFNZ (UK) LtdFNZ (UK) Ltd of the UK, a unit of FNZ Holdings UK Ltd, planned to acquire an undisclosed majority interest in State Street Corp-Wealth Manager Services Business, a Boston-based commercial bank, from State Street Corp. Terms of the transaction were not disclosed.
Net Irrigate LLCLindsay CorpLindsay Corp acquired Net Irrigate LLC, a Bloomington-based develops software for center pivot irrigation.
Top Dog Express Car Wash &Clean Streak Ventures LLCClean Streak Ventures LLC, a unit of MKH Capital Partners LP, acquired Top Dog Express Car Wash & Oil Change, an Altamonte Springs-based family-owned car wash operator. Terms were not disclosed.
National General Holdings CorpAllstate Corp3,707.2Allstate Corp (Allstate) definitively agreed to acquire the entire share capital of National General Holdings Corp (National General), a New York-based specialty personal lines insurance holding company, from MSD Capital LP and other shareholders, for USD 32 per share, or a total value of USD 3.999 bil.
VIVUS IncIcahn Enterprises Holdings LPIcahn Enterprises Holdings LP, a unit of Icahn Enterprises LP, agreed to acquire the entire share capital of the bankrupt VIVUS Inc, a Campbell-based manufacturer of pharmaceutical preparation.
Curalate IncBazaarvoice IncBazaarvoice Inc, a unit of Marlin Equity Partners LLC, acquired Curalate Inc, a Philadelphia-based provider of custom computer programming services.
J&J Worldwide Svcs IncArlington Capital Partners LPArlington Capital Partners LP acquired J&J Worldwide Services Inc, an Austin-based provider of facilities support services, in a leveraged buyout transaction.
Rancher Labs IncSuSE Linux GmbHSuse Linux Gmbh of Germany, a unit of Micro Focus International PLC, definitively agreed to acquire Rancher Labs Inc, a Cupertino-based developer of management software.
Rimeto IncSlack Technologies IncSlack Technologies Inc acquired Rimeto Inc, a San Francisco-based developer of software.