US M&A Deals Announced December 27, 2019 to January 2, 2020
TargetAcquirerValue ($millions)Synopsis
Maxar Tech Inc-Space RoboticsNrthn Private Capital Fund I764.8Northern Private Capital Fund I LP of Canada definitively agreed to acquire Space Robotics Business of Maxar Technologies Inc, a Westminster-based manufacturer of advanced space technology equipment, for $764.76 million in cash, in a leveraged buyout transaction. Originally, in June 2019, Maxar Technologies Inc was rumored to be seeking a buyer for its space robotics business.
Occidental-Office PortfolioThe Howard Hughes Corp565.0The Howard Hughes Corp acquired the office portfolio of Occidental Petroleum Corp, lessor of nonresidential buildings, for $565 million.
Alcoa Corp-Hazardous WasteVeolia ES TS LLC250.0Veolia ES Technical Solutions LLC, a unit of Veolia Environnement SA, agreed to acquire hazardous waste business of Alcoa Corp, a Pittsburgh-based processor of nonferrous metals, for a total $250 million plus up to $50 million in profit-related payments.
US Playing Card CorpInvestor Group220.0An investor group, comprised of Cartamundi Espana SL, a unit of Cartamundi Nederlands BV and Cartamundi Inc acquired the entire share capital of US Playing Card Corp(Jesup & Lamont Holding Co/Jesup Group) , a New York-based provider of commercial lithographic printing services, from Jesup & Lamont Holding Co Inc, ultimately owned by Jesup Group Inc and Newell Brands Inc, for a total $220 million.
Momentive PerformanceMomq Hldg Co165.6Momq Holding Co acquired the entire share capital of Momentive Performance Materials Quartz Inc, a Strongsville-based manufacturer of chemical products, from Momentive Performance Materials Inc, owned by Apollo Management LP, for a total $165.612 million.
Primary Energy Recycling CorpSDCL Energy Efficiency Income110.0SDCL Energy Efficiency Income Trust PLC of the UK agreed to acquire a 50% interest in Primary Energy Recycling Corp, an Oak Brook-based provider of waste energy recycling services, from Fortistar LLC, for an estimated $110 million in cash.
U Chili’s Rest Ppty(7)Four Corners Property Trust28.7Four Corners Property Trust Inc acquired 7 Undisclosed Chili’s Restaurant Properties, full- service restaurant operator, for a total $28.7 million.
Micro Gaming Tech Inc-CertEveri Payments Inc25.0Everi Payments Inc, a unit of Everi Holdings Inc, acquired certain strategic assets of Micro Gaming Technologies Inc, a Las Vegas-based provider of gambling services, for a total $25 million. The consideration was consisted of $15 million in cash and up to a further $10 million in profit-related payments.
Hutton Re Hldg 2-PptyInvestor Group15.0An investor group, comprised of Realty Income Corp and MDC Coast 20 LLC acquired property of Hutton Real Estate Holdings 2, a Chattanooga-based financial vehicle, for a total $15 million. Concurrently, investor group acquired CIM Group-Four Property Portfolio.
Cim Grp-Four Ppty PortfolioInvestor Group15.0An investor group, comprised of Realty Income Corp and MDC Coast 20 LLC acquired four property portfolio of CIM Group, a Los Angeles-based lessor of real estate property, for a total $15 million. Concurrently, investor group acquired Hutton Real Estate Holdings 2- Property.
Highland Fluid Technology LtdSciDev Ltd6.0SciDev Ltd of Australia agreed to acquire Highland Fluid Technology Ltd, a Houston-based provider of support services for oil and gas operations, for a total $6.01 million.
U BJ’s Rest Ppty,ARFour Corners Property Trust4.2Four Corners Property Trust Inc acquired Undisclosed BJ’s Restaurant Property, restaurant property, for a total $4.2 million.
Walsdorf Agcy IncArthur J Gallagher & CoArthur J Gallagher & Co acquired Walsdorf Agency Inc, a Huntington-based insurance agency. Terms of the transaction were not disclosed.
Pinnacle Foods Group LLCBimbo Bakeries USA IncBimbo Bakeries USA Inc, a unit of Grupo Bimbo SAB de CV, acquired Pinnacle Foods Group LLC, a Mountain Lakes-based manufacturer of foods, from Conagra Brands Inc.
Country Pure Foods IncBlue Point Capital Partners IVBlue Point Capital Partners IV LP, a unit of Blue Point Capital Partners LP, acquired Country Pure Foods Inc, a Wilmington-based manufacturer of frozen fruits, juices and vegetables, from Silver Springs Citrus Inc, jointly owned by Toyota Tsusho America Inc and Sapporo Holdings Ltd.
OnPoint Insurance Services,Bng Hldg IncBng Holdings Inc acquired OnPoint Insurance Services LLC, a Fargo-based insurance agency.
BG US Production Co LLC-East TCastleton Resources LLCCastleton Resources LLC, a unit of Castleton Commodities International LLC, acquired east texas & louisiana haynesville shale assets of BG US Production Co LLC, a Baton Rouge-based producer of crude petroleum and natural gas, ultimately owned by Royal Dutch Shell PLC.
Toms Shoes IncCreditorsToms Shoes Inc, a Los Angeles-based manufacturer of men’s footwear, planned a recapitalization plan with Creditors (CRs). The book value of the existing debt that was repaid as a result of equity raise was (USD 300 mil).
Cornerstone Systems IncEmployee Stock Ownership PlanCornerstone Systems Inc ESOP acquired a 51% interest in Cornerstone Systems Inc, an Irvine-based provider of computer facilities management services, from Mainline Information Systems Inc.
Retail Powersports ManagementEmployee Stock Ownership PlanRetail Powersports Management Group ESOP acquired Retail Powersports Management Group, a Denver-based provider of vocational rehabilitation services, from Assurant Solutions Inc, ultimately owned by Assurant Inc.
PPE Genpar IncEmployee Stock Ownership PlanPPE Genpar Inc ESOP acquired PPE Genpar Inc, a Fort Worth-based industrial machinery and equipment merchant wholesaler.
American Freight of Ohio IncFranchise Group IncFranchise Group Inc planned to acquire American Freight of Ohio Inc, a Delaware-based furniture store operator, from Resolute Fund III LP, ultimately owned by The Jordan Co LP.
Leisure Acquisition CorpGateway Casinos LtdGateway Casinos & Entertainment Ltd of Canada, majority owned by Catalyst Capital Group Inc definitively agreed to merge with Leisure Acquisition Corp, a New York-based blank check company.
HarperLove IncHBM Holdings CoHBM Holdings Co acquired HarperLove Inc, a Charlotte-based manufacturer of adhesives. Terms of the transaction were not disclosed.
Celexus IncHempwave LLCHempwave LLC agreed to acquire an undisclosed majority interest in Celexus Inc, a Las Vegas-based intermediator, from i-Level Media Group Inc, in a privately negotiated transaction.
Altair Technologies IncIMG Cos LLCIMG Cos LLC, a unit of Addison Capital Partners LLC, acquired Altair Technologies Inc, a Fremont-based manufacturer of industrial machinery.
Gexpro ServicesLKCM Headwater InvestmentsLKCM Headwater Investments planned to acquire Gexpro Services, an Irving-based provider of logistics consulting services, from Rexel Inc, ultimately owned by Rexel SA, in a leveraged buyout transaction.
ARC-Manufactured HousingMnfrd Housing Ppty IncManufactured Housing Properties Inc acquired manufactured housing of American Residential Communities LLC, a Denver-based lessor of residential buildings and dwellings.
G&P Trucking Co IncNFI Industries IncNFI Industries Inc acquired G&P Trucking Co Inc, a Pendleton-based provider of local freight trucking services.
The Mark At Dulles StnPenzance Dc Re Fund Reit LlcPenzance Dc Real Estate Fund Reit LLC, a unit of Penzance Management LLC, acquired The Mark At Dulles Station Apartments, a Herndon-based lessor of residential buildings and dwellings.
Brighton DermatologyPinnacle Dermatology LLCPinnacle Dermatology LLC acquired Brighton Dermatology & Regenesis, a Brighton-based physician’s office operator.
Quality Acrylic Baths IncRoyal Baths Manufacturing CoRoyal Baths Manufacturing Co, a unit of Cotton Creek Capital Management LLC, acquired Quality Acrylic Baths Inc, a Clearwater-based manufacturer of concrete products.
Proto Technologies IncSea Lion CorpSea Lion Corp acquired Proto Technologies Inc, a Liberty Lake-based industrial supplies merchant wholesaler.
Sunny ServiceTurnpoint Services LLCTurnpoint Services LLC acquired Sunny Service, a Hurst-based plumbing, heating and air-conditioning contractor. Terms of the transaction were not disclosed.
Kitchen Cooked IncUtz Quality Foods LLCUtz Quality Foods LLC acquired the entire share capital of Kitchen Cooked Inc, a Farmington-based confectionery merchant wholesaler.
Natl Gateways Golf Links LlcWorld Wide Tech RacewayWorld Wide Technology Raceway acquired National Gateways Golf Links LLC, a Madison-based golf course and country club operator.