US M&A Deals Announced December 27, 2019 to January 2, 2020 | | | |
Target | Acquirer | Value ($millions) | Synopsis |
Maxar Tech Inc-Space Robotics | Nrthn Private Capital Fund I | 764.8 | Northern 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 Portfolio | The Howard Hughes Corp | 565.0 | The Howard Hughes Corp acquired the office portfolio of Occidental Petroleum Corp, lessor of nonresidential buildings, for $565 million. |
Alcoa Corp-Hazardous Waste | Veolia ES TS LLC | 250.0 | Veolia 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 Corp | Investor Group | 220.0 | An 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 Performance | Momq Hldg Co | 165.6 | Momq 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 Corp | SDCL Energy Efficiency Income | 110.0 | SDCL 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 Trust | 28.7 | Four 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-Cert | Everi Payments Inc | 25.0 | Everi 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-Ppty | Investor Group | 15.0 | An 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 Portfolio | Investor Group | 15.0 | An 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 Ltd | SciDev Ltd | 6.0 | SciDev 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,AR | Four Corners Property Trust | 4.2 | Four Corners Property Trust Inc acquired Undisclosed BJ's Restaurant Property, restaurant property, for a total $4.2 million. |
Walsdorf Agcy Inc | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired Walsdorf Agency Inc, a Huntington-based insurance agency. Terms of the transaction were not disclosed. |
Pinnacle Foods Group LLC | Bimbo Bakeries USA Inc | | Bimbo 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 Inc | Blue Point Capital Partners IV | | Blue 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 Inc | | Bng Holdings Inc acquired OnPoint Insurance Services LLC, a Fargo-based insurance agency. |
BG US Production Co LLC-East T | Castleton Resources LLC | | Castleton 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 Inc | Creditors | | Toms 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 Inc | Employee Stock Ownership Plan | | Cornerstone 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 Management | Employee Stock Ownership Plan | | Retail 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 Inc | Employee Stock Ownership Plan | | PPE Genpar Inc ESOP acquired PPE Genpar Inc, a Fort Worth-based industrial machinery and equipment merchant wholesaler. |
American Freight of Ohio Inc | Franchise Group Inc | | Franchise 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 Corp | Gateway Casinos Ltd | | Gateway 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 Inc | HBM Holdings Co | | HBM Holdings Co acquired HarperLove Inc, a Charlotte-based manufacturer of adhesives. Terms of the transaction were not disclosed. |
Celexus Inc | Hempwave LLC | | Hempwave 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 Inc | IMG Cos LLC | | IMG Cos LLC, a unit of Addison Capital Partners LLC, acquired Altair Technologies Inc, a Fremont-based manufacturer of industrial machinery. |
Gexpro Services | LKCM Headwater Investments | | LKCM 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 Housing | Mnfrd Housing Ppty Inc | | Manufactured Housing Properties Inc acquired manufactured housing of American Residential Communities LLC, a Denver-based lessor of residential buildings and dwellings. |
G&P Trucking Co Inc | NFI Industries Inc | | NFI Industries Inc acquired G&P Trucking Co Inc, a Pendleton-based provider of local freight trucking services. |
The Mark At Dulles Stn | Penzance Dc Re Fund Reit Llc | | Penzance 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 Dermatology | Pinnacle Dermatology LLC | | Pinnacle Dermatology LLC acquired Brighton Dermatology & Regenesis, a Brighton-based physician's office operator. |
Quality Acrylic Baths Inc | Royal Baths Manufacturing Co | | Royal 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 Inc | Sea Lion Corp | | Sea Lion Corp acquired Proto Technologies Inc, a Liberty Lake-based industrial supplies merchant wholesaler. |
Sunny Service | Turnpoint Services LLC | | Turnpoint Services LLC acquired Sunny Service, a Hurst-based plumbing, heating and air-conditioning contractor. Terms of the transaction were not disclosed. |
Kitchen Cooked Inc | Utz Quality Foods LLC | | Utz Quality Foods LLC acquired the entire share capital of Kitchen Cooked Inc, a Farmington-based confectionery merchant wholesaler. |
Natl Gateways Golf Links Llc | World Wide Tech Raceway | | World Wide Technology Raceway acquired National Gateways Golf Links LLC, a Madison-based golf course and country club operator. |