US M&A Deals Announced November 08 to 14, 2019
TargetAcquirerValue ($millions)Synopsis
SunTrust Bank-Branches(30)First Horizon Bank,Memphis,TNFirst Horizon Bank, a unit of First Horizon National Corp, planned to acquire 30 branches of SunTrust Bank, an Atlanta-based commercial bank, ultimately owned by SunTrust Banks Inc (SBI). The transaction was a condition to the completion of the merger of BBT&T Corp and SBI.
TGI Friday's IncAllegro Merger Corp380.0Allegro Merger Corp definitively agreed to merge with TGI Friday's Inc, a Carrollton-based full-service restaurant operator, for a total $380 mil, including the assumption of $350 million in liabilities.
The Ctr For Digestive & LiverUnited DigestiveUnited Digestive, a unit of AGA LLC, acquired The Center For Digestive & Liver Health & The Endoscopy Center, a Savannah-based freestanding ambulatory surgical and emergency center operator.
Brookfield Open Space LegacyWeantinoge Heritage Land TrWeantinoge Heritage Land Trust Inc acquired the remaining stake, which it did not already own, in Brookfield Open Space Legacy Inc, a Brookfield-based environment conservation organization.
Dow Diversified IncHaldeman Homme IncHaldeman Homme Inc acquired Dow Diversified Inc, a Costa Mesa-based provider of interior design services.
Third Coast Mdstrm-Gatrng BssnStarwood Energy Group GlobalStarwood Energy Group Global LLC, a unit of Starwood Capital Group Global LLC, planned to acquire gathering business of Third Coast Midstream Llc, a Houston-based pipeline transportation services of natural gas, owned by Arclight Energy Partners Fund V LP, in a leveraged buyout transaction.
Deluxe Sheet Metal IncAlpine 4 Technologies LtdAlpine 4 Technologies Ltd planned to acquire Deluxe Sheet Metal Inc, a South Bend-based roofing contractor.
Carbonite IncOpenText Corp813.0OpenText Corp of Canada agreed to acquire the remaining stake, which it did not already own, in Carbonite Inc, a Boston-based provider of data processing and hosting services, for an estimated $812.994 million in cash, via tender offer.
Craft Brew Alliance IncAnheuser-Busch Cos Inc223.1Anheuser-Busch Cos Inc, a unit of Anheuser-Busch Inbev SA/NV, agreed to acquire the entire share capital of Craft Brew Alliance Inc, a Portland-based brewery, for $16.5 in cash per share, or a total value of $223.084 mil.
eSilicon CorpInphi Corp216.0Inphi Corp definitively agreed to acquire eSilicon Corp, a San Jose-based manufacturer of semiconductors and related device, for a total $216 million. The consideration was to consist of $216 million in cash and the assumption of liabilities
Kemet CorpYageo Corp1578.3Yageo Corp of Taiwan definitively agreed to acquire the entire share capital of KEMET Corp (KEMET), a Fort Lauderdale-based manufacturer of electronic capacitors, for $27.20 in cash per share, or a total value of $1.578 billion. Upon completion, KEMET common shares were to be delisted from the NYSE.
Ladenburg Thalmann Finl SvcsAdvisor Group Inc529.5Advisor Group Inc, a unit of Reverence Capital Partners LLC, definitively agreed to acquire the entire share capital of Ladenburg Thalmann Financial Services Inc, a Miami-based securities brokerage, for $3.50 in cash per share or a total value of $529.471 mil.
Esilicon Corp-Cert Ip AstsSynopsys IncSynopsys Inc definitively agreed to acquire certain IP assets of Esilicon Corp, a San Jose-based manufacturer of semiconductors and related device. Terms were not disclosed.
Cui Global Inc-Power BusBel Fuse Inc32.0Bel Fuse Inc planned to acquire an undisclosed majority ownership interest in power business of CUI Global Inc, a Tualatin-based electronic parts and equipment merchant wholesaler, for a total $32 mil.
Clear Genetics IncInvitae Corp50.0InVitae acquired Clear Genetics Inc, a San Francisco-based reproducer of software, for an estimated $50 million. The consideration consisted of an estimated $25 million in cash and $25 million in common shares.
Devon Energy Corp-GasQL Capital Partners LPQL Capital Partners LP planned to acquire gas gathering & compression infrastructure of Devon Energy Corp, an Oklahoma City-based producer of crude petroleum and natural gas, in the formation of a joint venture.
Presence Of It Workforce MgmtWorkforce Insight LLCWorkforce Insight LLC definitively agreed to acquire Presence Of IT Workforce Management North America LLC, a Dallas-based provider of human resources and executive search consulting services.
Bezalels Jewelry IncEmerald Organic Products IncEmerald Organic Products Inc agreed to acquire a 51% interest in Bezalels Jewelry Inc, a San Diego-based jewelry store operator.
T&R Alarm Systems IncSupreme Security Systems IncSupreme Security Systems Inc acquired T&R Alarm Systems Inc, a Clifton-based electrical apparatuses and equipment merchant wholesaler.
Atom Instrument LLCCOSA Xentaur Corp0.5COSA Xentaur Corp agreed to acquire Atom Instrument LLC, a Houston-based manufacturer of analytical laboratory instruments, from Advanced Environmental Technologies Pte Ltd, ultimately owned by Advanced Holdings Ltd, for a total $0.536 mil.
Continental Building ProductsCie de Saint-Gobain SA1284.4Cie de Saint-Gobain SA of France definitively agreed to merge with Continental Building Products Inc, a Herndon-based manufacturer of gypsum products, from Lone Star Funds, for $37 in cash per share, or a total value of $1.284 bil.
Biofirma LlcSelf Care Regeneration Llc0.3Self Care Regeneration LLC planned to acquire Biofirma LLC, a Miami-based provider of support services, from IMAC Holdings Inc, for a total $0.321 mil.
Grammatech IncFive Points Capital PartnersFive Points Capital Partners, a unit of Branch Banking & Trust Co,Winston- Salem,North Carolina, acquired Grammatech Inc, an Ithaca-based software publisher.
Nasdaq Futures Inc-Core AstsEuropean Energy Exchange AGEuropean Energy Exchange AG of Germany, a unit of Eurex AG, agreed to acquire core assets of Nasdaq Futures Inc, a Philadelphia-based investment bank, ultimately owned by NASDAQ Inc.
Gould & Naimoli Partners LlcHilb Group LLCHilb Group LLC, a unit of ABRY Partners LLC, acquired Gould & Naimoli Partners LLC, a Southborough-based insurance agency.
Armstrong Produce LtdSysco CorpSysco Corp acquired Armstrong Produce Ltd, a Honolulu-based fresh fruits and vegetables merchant wholesaler.
Green Thumb-Cannabis facilityInnovative Industrial Ppty Inc20.3Innovative Industrial Properties Inc acquired cannabis cultivation & processing facility of Green Thumb Industries Inc, a Chicago-based manufacturer of medicinals and botanicals, for a total $20.3 mil.
Atlas 3d IncSiemens AGSiemens AG of Germany planned to acquire Atlas 3d Inc, a Plymouth-based provider of custom computer programming services. Terms of the transaction were not disclosed.
Chesapeake Energy-HaynesvilleComstock Resources IncComstock Resources Inc, a unit of Blue Star Exploration Co, was rumored to be planning to acquire Haynesville Shale Assets in Louisiana of Chesapeake Energy Corp, an Oklahoma City-based oil and gas exploration and production company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1 bil.
Tech Data CorpApollo Global Management Inc4628.2Apollo Global Management Inc, definitively agreed to merge with Tech Data Corp, a Clearwater-based wholesaler of technology products, for $130 in cash per share, or a total value of $4.628 bil, in a leveraged buyout transaction. Originally, in October 2019, Apollo Global Management LLC was rumored to be planning to acquire the entire share capital of Tech Data Corp.
Public Interest RegistryEthos Capital Management IncEthos Capital Management Inc agreed to acquire Public Interest Registry, a Reston-based internet company, from Internet Society, in a leveraged buyout transaction.

Deal flow Food and beverage industry Private equity Restaurant industry Strategic buyers