TargetAcquirerValue ($millions)Synopsis
Intel Corp-Smartphone modem chip businessApple Inc1000.0Apple Inc (Apple) agreed to acquire an undisclosed majority ownership interest in the Smartphone modem chip business of Intel Corp (Intel) , a Santa Clara-based manufacturer of semiconductors and related device, for $1 billion. Originally, in April 2019, Apple was rumored to be planning to acquire the smartphone modem chip business of Intel.
AltaGas Ltd-US distributed generation assetsTerraForm Power Inc720.0TerraForm Power Inc, a unit of Brookfield Asset Management Inc, definitively agreed to acquire US distributed generation assets of AltaGas Ltd, a Calgary-based oil and gas exploration and production company, for $720 mil.
Old Line Bancshares IncWesBanco Inc,Wheeling,West Virginia633.2WesBanco Inc,Wheeling, West Virginia (WesBanco), definitively agreed to acquire the entire share capital of Old Line Bancshares Inc (Old Line), a Bowie-based commercial bank, for a total $633.218 mil, in a stock swap reverse takeover transaction. The shares were valued based on WesBanco’s closing stock price of $37.25 on 22 July 2019, the last full trading day prior to the announcement.
Dr. Scholl’sYellow Wood Partners LLC585.0Yellow Wood Partners LLC definitively agreed to acquire Dr. Scholl’s, a Boca Raton-based manufacturer and retailer of footwear products, from Bayer AG, for $585 mil, in a leveraged buyout transaction.
International Coffee & Tea LLCJava Ventures LLC350.0Java Ventures LLC, a unit of Jollibee Worldwide Pte Ltd, agreed to acquire the entire share capital of International Coffee & Tea LLC, a Los Angeles-based owner and operator of coffee shops, for $350 million in cash.
Digital Bridge Holdings LLCColony Capital Inc325.0Colony Capital Inc acquired Digital Bridge Holdings LLC, a Boca Raton-based intermediator, for a total $325 million. The consideration consisted of $216.667 million in cash and $108.333 million in operating partnership units.
Reverb.com LLCEtsy Inc275.0Etsy Inc definitively agreed to acquire the entire share capital of Reverb.com LLC, a Chicago-based online retailer, for a total $275 million in cash.
Peak Resorts IncVail Resorts Inc264.0Vail Resorts Inc definitively agreed to acquire the entire share capital of Peak Resorts Inc, a Wildwood-based hotel operator, for a $11 in cash per share or a total $172.552 mil.
QCR LLCParsons Corp215.0Parsons Corp agreed to acquire QCR LLC, a Fredericksburg-based manufacturer of measuring, displaying and controlling variables instruments and related products, from DC Capital Partners LLC, for a total $215 mil.
Senior Healthcare Portfolio,USGFH Capital Ltd180.0GFH Capital Ltd of United Arab Emirates, a unit of GFH Financial Group BSC, acquired Senior Healthcare Portfolio, residential care facility operator, for an estimated $180 mil, in a leveraged buyout transaction.
Condor Hospitality Trust IncNexpoint Hospitality Trust Inc132.3Nexpoint Hospitality Trust Inc of Canada definitively agreed to merge with Condor Hospitality Trust Inc, a Bethesda-based lessor of real estate property, for $11.1 in cash per share, or a total $132.267 million and undisclosed assumption of liabilities.
800 Brickell Office & Retail BuildingInvestor Group125.5An investor group, comprised of Gatsby Enterprises LLC, acquired 800 Brickell Office & Retail Building, a Miami-based lessor of nonresidential buildings, from RREEF America REIT II Inc, for a total $125.5 mil.
First Florida Bancorp IncFirst Bancshares Inc,Hattiesburg,MS82.4First Bancshares Inc, Hattiesburg,MS (FB) agreed to merge with First Florida Bancorp Inc (FFB), a Destin-based bank holding company, for a total $82.356 mil, in a stock swap transaction. FB offered $5.2 in cash per share and 0.257 common shares per FB share. Based on FB’s closing stock price of $29.87 on 19 July 2019, the last full trading day prior to the announcement., each FFB shares was valued at $12.877.
Gold Coast Bancorp IncInvestors Bancorp Inc62.6Investors Bancorp Inc (Investors Bancorp) definitively agreed to acquire the entire share capital of Gold Coast Bancorp Inc (Gold Coast), an Islandia-based commercial bank, for a total $62.617 mil, in a stock swap transaction. Investors Bancorp offered a choice of $15.75 cash per share or 1.42 Investors Bancorp common shares per Gold Coast share, subject to proration whereby 50% of the total consideration was to consist of common shares and the remaining 50% in cash. Based on Investors Bancorp’s closing stock price of $11. 2 on 23 July 2019, the last full trading day prior to the announcement, each Gold Coast share was valued at $15. 904.
VegasInsider.com IncBetter Collective A/S20.0Better Collective A/S of Denmark acquired VegasInsider. com Inc, a Fort Lauderdale-based internet service provider, from Sports Information Ltd. Concurrently, Better Collective acquired ScoresandOdds.com. The two transaction has a combined value of $20 mil.
Solace Technologies LLCTurning Point Brands Inc15.3Turning Point Brands Inc planned to acquire Solace Technologies LLC, a Simi Valley-based manufacturer of chemical products, for a total $15.25 million. The consideration was to consist of $8.25 million in cash and up to $7 million in profit- related payments.
Veelo IncBigtincan Mobile Pty Ltd1.8Bigtincan Mobile Pty Ltd of Australia acquired Veelo Inc, a Portland-based reproducer of software, for a total $1.8 million and the assumption of an undisclosed amount in liabilities.
Connora Technologies Inc-Recyclamine Technology AssetsAditya Birla Chemicals (Thailand) LtdAditya Birla Chemicals (Thailand) Ltd of Thailand acquired recyclamine technology assets of Connora Technologies Inc, a Hayward-based manufacturer of plastics materials.
Presbyterian Senior Care of Western New YorkBeechwood Continuing CareBeechwood Continuing Care agreed to acquire the entire share capital of Presbyterian Senior Care of Western New York, a Williamsville-based nursing care facility operator.
ScoresAndOdds.comBetter Collective A/SBetter Collective A/S of Denmark acquired ScoresAndOdds.com, internet service provider. Concurrently, Better Collective acquired Vegasinsider.com. The two transaction has a combined value of $20 mil.
Hillcrest Laboratories IncCEVA IncCEVA Inc acquired Hillcrest Laboratories Inc, a Rockville-based developer of sensor processing software, from InterDigital Inc. Terms were not disclosed.
Signal Sciences CorpCisco Systems IncCisco Systems Inc was rumored to be planning to acquire Signal Sciences Corp, a Culver City-based provider of security systems services.
Crystal River Anesthesia Associates LLCCRH Medical CorpCRH Medical Corp of Canada acquired a 51% interest in Crystal River Anesthesia Associates LLC, a Crystal River-based physician’s office operator.
WorkUp IncD2 Pharma Consulting LLCD2 Pharma Consulting LLC acquired WorkUp Inc, a Brooklyn-based provider of custom computer programming services.
LeanTeq LLCEnPro Industries IncEnPro Industries Inc (EnPro) definitively agreed to acquire the entire share capital of LeanTeq LLC, a Milpitas-based provider of commercial and industrial machinery and equipment repair and maintenance services. Concurrently, EnPro definitively agreed to acquire LeanTeq Co Ltd. The two transactions were to have a combined value of $305 mil.
Bulldog Solutions IncHero Digital LLCHero Digital LLC acquired Bulldog Solutions Inc, an Austin-based provider of marketing consulting services. Terms were not disclosed.
Lincoln Benefit Life CoKuvare US Holdings IncKuvare US Holdings Inc definitively agreed to acquire Lincoln Benefit Life Co, a Lincoln-based direct life insurance carrier, from Resolution Life Holdings Inc, ultimately owned by Resolution Ltd, in a leveraged buyout transaction.
Lucky Tackle BoxNuvest Ventures LLCNuvest Ventures LLC acquired Lucky Tackle Box, a Burbank-based nondurable goods merchant wholesaler, in a leveraged buyout transaction.
College Park Industries LLCOssur HFOssur HF of Iceland agreed to acquire College Park Industries LLC, a Warren-based manufacturer of surgical appliance and supplies.
Dexmet CorpPPG Industries IncPPG Industries Inc definitively agreed to acquire Dexmet Corp, a Wallingford-based manufacturer of fabricated structural metal products, from Sverica Capital Management LP. Terms were not disclosed.
Boulder Scientific CoQuad-C Management IncQuad-C Management Inc acquired Boulder Scientific Co, a Longmont-based manufacturer of chemical products.
Tenet Healthcare Corp-Conifer BusinessShareholdersTenet Healthcare Corp planned to spin off its conifer business to its shareholders.
Bitfusion.io IncVMware IncVMware Inc, a unit of EMC Corp, planned to acquire Bitfusion.io Inc, a Sunnyvale-based software publisher.
Wgroup IncWavestone SAWavestone SA of France agreed to merge with Wgroup Inc, a Radnor-based provider of management consulting services.
Platinum Performance IncZoetis IncZoetis Inc agreed to acquire Platinum Performance Inc, a Buellton-based manufacturer of animal foods. Terms were not disclosed.
Mobilize RRS LLCZOLL Medical CorpZOLL Medical Corp, a unit of Asahi Kasei Corp, acquired Mobilize RRS LLC, a Pittsford-based developer of mobile rescue application.
US M&A Deals Announced July 19 to 25, 2019