Target | Acquirer | Value ($millions) | Synopsis |
Intel Corp-Smartphone modem chip business | Apple Inc | 1000.0 | Apple 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 assets | TerraForm Power Inc | 720.0 | TerraForm 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 Inc | WesBanco Inc,Wheeling,West Virginia | 633.2 | WesBanco 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's | Yellow Wood Partners LLC | 585.0 | Yellow 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 LLC | Java Ventures LLC | 350.0 | Java 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 LLC | Colony Capital Inc | 325.0 | Colony 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 LLC | Etsy Inc | 275.0 | Etsy 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 Inc | Vail Resorts Inc | 264.0 | Vail 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 LLC | Parsons Corp | 215.0 | Parsons 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,US | GFH Capital Ltd | 180.0 | GFH 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 Inc | Nexpoint Hospitality Trust Inc | 132.3 | Nexpoint 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 Building | Investor Group | 125.5 | An 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 Inc | First Bancshares Inc,Hattiesburg,MS | 82.4 | First 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 Inc | Investors Bancorp Inc | 62.6 | Investors 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 Inc | Better Collective A/S | 20.0 | Better 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 LLC | Turning Point Brands Inc | 15.3 | Turning 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 Inc | Bigtincan Mobile Pty Ltd | 1.8 | Bigtincan 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 Assets | Aditya Birla Chemicals (Thailand) Ltd | | Aditya 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 York | Beechwood Continuing Care | | Beechwood 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.com | Better Collective A/S | | Better 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 Inc | CEVA Inc | | CEVA Inc acquired Hillcrest Laboratories Inc, a Rockville-based developer of sensor processing software, from InterDigital Inc. Terms were not disclosed. |
Signal Sciences Corp | Cisco Systems Inc | | Cisco 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 LLC | CRH Medical Corp | | CRH Medical Corp of Canada acquired a 51% interest in Crystal River Anesthesia Associates LLC, a Crystal River-based physician's office operator. |
WorkUp Inc | D2 Pharma Consulting LLC | | D2 Pharma Consulting LLC acquired WorkUp Inc, a Brooklyn-based provider of custom computer programming services. |
LeanTeq LLC | EnPro Industries Inc | | EnPro 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 Inc | Hero Digital LLC | | Hero Digital LLC acquired Bulldog Solutions Inc, an Austin-based provider of marketing consulting services. Terms were not disclosed. |
Lincoln Benefit Life Co | Kuvare US Holdings Inc | | Kuvare 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 Box | Nuvest Ventures LLC | | Nuvest Ventures LLC acquired Lucky Tackle Box, a Burbank-based nondurable goods merchant wholesaler, in a leveraged buyout transaction. |
College Park Industries LLC | Ossur HF | | Ossur HF of Iceland agreed to acquire College Park Industries LLC, a Warren-based manufacturer of surgical appliance and supplies. |
Dexmet Corp | PPG Industries Inc | | PPG 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 Co | Quad-C Management Inc | | Quad-C Management Inc acquired Boulder Scientific Co, a Longmont-based manufacturer of chemical products. |
Tenet Healthcare Corp-Conifer Business | Shareholders | | Tenet Healthcare Corp planned to spin off its conifer business to its shareholders. |
Bitfusion.io Inc | VMware Inc | | VMware Inc, a unit of EMC Corp, planned to acquire Bitfusion.io Inc, a Sunnyvale-based software publisher. |
Wgroup Inc | Wavestone SA | | Wavestone SA of France agreed to merge with Wgroup Inc, a Radnor-based provider of management consulting services. |
Platinum Performance Inc | Zoetis Inc | | Zoetis Inc agreed to acquire Platinum Performance Inc, a Buellton-based manufacturer of animal foods. Terms were not disclosed. |
Mobilize RRS LLC | ZOLL Medical Corp | | ZOLL 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 | | | |