Weekly wrap: Blackstone, OEP, Platinum Equity

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Target Acquirer Value ($millions) Synopsis
EdgeConneX Inc EQT AB EQT AB of Sweden was rumored to be planning to acquire EdgeConneX Inc, a Herndon-based provider of data processing and hosting services, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 2.5 bil.
Avangrid Inc PPL Corp PPL Corp was rumored to be planning to merge with Avangrid Inc, an Orange-based electric power generation facility operator, from Iberdrola SA. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 67 bil.
Data Blue LLC AHEAD LLC AHEAD LLC, a unit of Court Square Capital Partners LP, merge with Data Blue LLC, an Atlanta-based software publisher, from Court Square Capital Partners LP. Concurrently, AHEAD merged with Sovereign Systems, in a three-way merger.
AmeriBest Home Care Inc Team Svcs Grp Team Services Group, a unit of Alpine Investors LP, acquired AmeriBest Home Care Inc, a Philadelphia-based provider of home health care services, from Boyne Capital Partners LLC.
Avana Cumberland Greystar RE Partners LLC Greystar Real Estate Partners LLC acquired Avana Cumberland, an Atlanta-based lessor of residential buildings and dwellings. Terms were not disclosed.
Freehand Hotels Queensgate Investments LLP 400.0 Queensgate Investments LLP of the UK acquired Freehand Hotels, a Los Angeles-based hotel operator, from Sydell Group LLC, a unit of MGM Resorts International and The Yucaipa Cos LLC, for a total USD 400 mil.
Spectrum Automotive Hldg Corp Cornell Capital LLC Cornell Capital LLC acquired Spectrum Automotive Holdings Corp, a Fairfield-based provider of marketing consulting services, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
Entrepreneurial Pursuits Inc Hunter Fan Co Hunter Fan Co, a unit of MidOcean Partners LLP, acquired Entrepreneurial Pursuits Inc, a Troy-based manufacturer of electrical equipment. Terms of the transaction were not disclosed.
Lynx Prod Grp Llc Chalmers Grp Of Companies Chalmers Group Of Companies acquired Lynx Product Group LLC, a Wilson-based provider of biotechnology research and development services.
Poole Professional Ltd-Asts Brown & Brown of Massachusetts Brown & Brown of MassachusettsLLC, a unit of Brown & Brown Inc, planned to acquire assets of Poole Professional Ltd, a Wakefield-based insurance agency.
Dawson & Assoc Llc Dinsmore & Shohl LLP Dinsmore & Shohl LLP acquired Dawson & Associates LLC, a Columbus-based law office.
First Communities 37th Parallel Ppty Inc 37th Parallel Properties Inc acquired First Communities, an Atlanta-based lessor of residential buildings and dwellings.
San Leandro Wellness Harborside Inc Harborside Inc of Canada acquired the remaining 50% interest, which it did not already own, in San Leandro Wellness Solutions Inc, a Los Angeles-based food crops farming establishment, a unit of Dark Heart Nursery.
Sovereign Sys Llc AHEAD LLC AHEAD LLC, a unit of Court Square Capital Partners LP, merge with Sovereign Systems LLC, a Norcross-based provider of computer related services. Concurrently, AHEAD merged with Data Blue LLC, in a three-way merger.
Freedom Mobility Inc WMK Inc WMK Inc acquired Freedom Mobility Inc, an Englewood-based new car dealer.
Proto Plastics Inc Thogus Prod Co Thogus Products Co acquired Proto Plastics Inc, a Tipp City-based manufacturer of plastics products.
Portlani Processing Exxe Group Inc Exxe Group Inc acquired Portlani Processing, provider of farm product warehousing and storage services.
Agincourt Inds Llc Cracker Barrel Old Country 36.0 Cracker Barrel Old Country Store Inc acquired Agincourt Industries LLC, an Orange Park-based retail bakery, for a total USD 36 mil.
Soaring Wings LLC ARC Group Inc 18.0 ARC Group Inc (ARC) acquired the entire share capital of Soaring Wings LLC, a Largo-based full-service restaurant operator, for a total USD 18 mil. The consideration was consisted of USD 11 mil in cash, issuance of ARC common shares valued at USD 6 mil, USD 1 mil in promissory note, including the assumption of undisclosed liabilities.
Match Group Inc Shareholders IAC/InterActiveCorp planned to spin off Match Group Inc, a Dallas-based provider of custom computer programming services, to its shareholders.
McCullough-Hyde Memorial Hos TriHealth Inc 11.0 TriHealth Inc acquired the remaining 40% stake, which it did not already own, in McCullough-Hyde Memorial Hospital, an Oxford-based specialty hospital operator, for a total USD 11 mil.
Billhighway Inc Lovell Minnick Partners LLC Lovell Minnick Partners LLC acquired Billhighway Inc, a Troy-based provider of data processing and hosting services, from BluePay Processing LLC, in a leveraged buyout transaction. Terms were not disclosed.
Jagged Peak Energy Inc Parsley Energy Inc 1618.8 Parsley Energy Inc (Parsley) definitively agreed to merge with Jagged Peak Energy Inc (Jagged), a Denver-based independent oil and natural gas company, for a total USD 1.619 bil, in a stock swap transaction. Parsley offered 0.447 common A shares per Jagged share. Based on Parsley's closing stock price of USD 16.97 on 11 October 2019, the last full trading day prior to the announcement, each Jagged share was valued at USD 7.586.
Corevest Amer Fin Lender Llc Redwood Trust Inc 490.0 Redwood Trust Inc definitively agreed to acquire Corevest American Finance Lender LLC, an Irvine-based provider of nondepository credit intermediation services, from Fortress Investment Group LLC, ultimately owned by Softbank Group Corp, for an estimated USD 490 mil. Originally, in June 2019, Fortress Investment Group LLC, ultimately owned by Softbank Group Corp, was rumored to be seeking a buyer for its Corevest American Finance Lender LLC unit for an estimated USD 400 mil.
AECOM-Mgmt Services Business AECOM-Mgmt Svcs Bus SPV 2405.0 AECOM-Management Services Business SPV (AECOM SPV), a special purpose acquisition vehicle, formed by American Securities LLC and Goldberg Lindsay & Co LLC, definitively agreed to acquire management services business of AECOM, a Los Angeles-based provider of engineering services, for an estimated USD 2.405 bil, in a leveraged buyout transaction. Originally, in October 2019, AECOM SPV was rumored to be planning to acquire the management services business of AECOM
BPL Inc Scranton Enterprises BV Scranton Enterprises BV of Netherlands planned to acquire BPL Inc, an Austin-based manufacturer of biological products, from Bio Products Laboratory Ltd, ultimately owned by Creat Group Corp. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 662.4 mil.
Closure Sys-Bus & Facilities Cerberus Capital Management LP Cerberus Capital Management LP (Cerberus) definitively agreed to acquire the North American, Costa Rican, and Japanese business & related facilities of Closure Systems International Inc (Closure Systems), an Indianapolis-based manufacturer of plastics products, owned by Reynolds Group Holdings Ltd (Reynolds), in a leveraged buyout transaction. Originally, in July 2014, Reynolds announced that it was seeking a buyer for Closure Systems. Cerberus was named as potential bidder.
Smartwatch Sec And Sound Llc Sciens Building Solutions LLC Sciens Building Solutions LLC, a unit of Huron Capital Partners LLC, acquired SmartWatch Security & Sound LLC, a Mount Dora-based electrical contractor.
APS Payments Repay Hldg Corp 60.0 Repay Holdings Corp acquired APS Payments, a Mesa-based provider of financial transactions services, for a total USD 60 mil. The consideration consisted of USD 30 mil in cash and up to USD 30 mil in profit-related payments.
Novant Health-Properties(7) Kayne Anderson Capital 85.2 Kayne Anderson Capital Advisors LP, a unit of Virtus Investment Partners Inc, acquired 7 housing properties of Novant Health Inc, a Winston Salem-based hospital operator, for a total USD 85. 2 mil.
CPIC International EP Wealth Advisors LLC EP Wealth Advisors LLC acquired California Private Investment Corp, a San Francisco-based provider of portfolio management services. Terms were not disclosed.
Bellagio Hotel & Casino Blackstone REIT Inc 4250.0 Blackstone Real Estate Income Trust Inc (BREIT), a unit of Blackstone Group Inc (Blackstone), agreed to acquire Bellagio Hotel & Casino (Bellagio), a Las Vegas-based casino hotel operator, from MGM Resorts International (MGM), for USD 4.25 bil, in a sale and leaseback transaction, via a formation of a joint venture. Upon completion, BREIT was to own 95% and MGM the remaining 5% of the joint venture. Originally, in July 2019, MGM was rumored to be seeking a buyer for Bellagio. Blackstone was named as rumored bidder.
Whitlock Group Marlin Equity Partners LLC Marlin Equity Partners LLC acquired an undisclosed majority interest in Whitlock Group, a Richmond-based producer of motion pictures and videos, in a leveraged buyout transaction.
Crisis Prevention Institute Wendel SE 590.0 Wendel SE of France agreed to acquire a 98% interest in Crisis Prevention Institute Inc, a Milwaukee-based provider of crisis training services, from Friedman Fleischer & Lowe LLC, for USD 590 mil in cash.
Fisher/Unitech Inc Computer Aided Technology Inc Computer Aided Technology Inc acquired the entire share capital of Fisher/Unitech Inc, a Pleasant Ridge-based internet service provider, from The Riverside Co.
MediaMorph Inc Whip Networks Inc Whip Networks Inc acquired MediaMorph Inc, a New York City-based provider of management consulting services.
Midland National Bank Newton Docking Bancshares Inc Docking Bancshares Inc planned to merge with Midland National Bank Newton, a Newton-based investment bank, from Midland Financial Corp, Rochelle,Illinois, owned by Rochelle Bancorp,Rochelle, Illinois. Terms were not disclosed.
Mind Medicine Inc Broadway Gold Mining Ltd Broadway Gold Mining Ltd of Canada definitively agreed to acquire Mind Medicine Inc, a San Diego-based health specialist's office operator, in a reverse takeover transaction.
Pivot Tech Solutions-Software Intel Corp 27.0 Intel Corp definitively agreed to acquire SmartEdge software business of Pivot Technology Solutions Inc, a Norcross-based software publisher, for a total USD 27 mil.
Morgan & Milo LLC Zutano Inc Zutano Inc acquired Morgan & Milo LLC, a Boston-based shoe retailer.
SOS Global Express Inc NEP Group Inc NEP Group Inc, a unit of Carlyle Global Partners LP, acquired SOS Global Express Inc, a New Bern-based freight forwarding and full-service logistics company. Terms of the deal were not disclosed.
LCIA Inc Hilb Group LLC Hilb Group LLC, a unit of ABRY Partners LLC, acquired LCIA Inc, a Kearny-based direct property and casualty insurance carrier, in a leveraged buyout transaction.
MGM-Circus Circus Phil Ruffin 825.0 Phil Ruffin definitively agreed to acquire the Circus Circus Las Vegas property of MGM Resorts International, a Las Vegas-based casino hotel operator, for a total USD 825 mil. The consideration was to consist of USD 662.5 mil in cash and USD 162.5 mil in note.
1001 & 1021 NW 12th Terrace,FL First Industrial Realty Tr Inc 19.8 First Industrial Realty Trust Inc acquired 1001 & 1021 NW 12th Terrace, a Pompano Beach-based lessor of nonresidential buildings, for a total USD 19.8 mil.
Bach Distributing-Cert Assts DEDC Inc DEDC Inc agreed to acquire certain assets of Bach Distributing Corp, a Westbury-based electronic parts and equipment merchant wholesaler.
Flexo-Graphics Llc Inovar Packaging Group LLC Inovar Packaging Group LLC acquired Flexo-Graphics LLC, a Butler-based provider of commercial gravure printing services.
TraumaFX Solutions Inc Tactical Medical Solutions Inc Tactical Medical Solutions Inc acquired TraumaFX Solutions Inc, a San Antonio-based manufacturer.
Tech Data Corp Apollo Global Management LLC Apollo Global Management LLC was rumored to be planning to acquire Tech Data Corp, a Clearwater-based computer and computer peripheral equipment and software merchant wholesaler, in a leveraged buyout transaction. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 5 bil.
Rightpoint Consulting LLC Genpact Ltd Genpact Ltd definitively agreed to acquire Rightpoint Consulting LLC, a Chicago-based provider of management consulting services. Terms were not disclosed.
DaySmart Software Inc Daysmart Software Inc Spv Daysmart Software Inc SPV, a special purpose acquisition vehicle formed by LLR Partners Inc and Parthenon Capital Partners LLC, acquired an undisclosed majority interest in DaySmart Software Inc, a Wixom-based software publisher.
Achillion Pharmaceuticals Inc Alexion Pharmaceuticals Inc 1228.1 Alexion Pharmaceuticals Inc definitively agreed to acquire the entire share capital of Achillion Pharmaceuticals Inc (Achillion), a New Haven-based manufacturer of pharmaceutical preparation, for USD 8.3 per share, or a total USD 1.228 bil. The consideration was to consist of USD 6.3 in cash and up to USD 2 in contingent value rights per share. Upon completion, Achillion was to be delisted in the Nasdaq stock exchange.
Halo Purely for Pets Better Choice Co Inc 40.0 Better Choice Co Inc planned to acquire Halo Purely for Pets, a Tampa-based manufacturer of dog and cat foods, from Paws for a Cause LLC, ultimately owned by Pegasus Partners III LP, for USD 40 mil.
Normandy Real Estate Partners Columbia Property Trust Inc 100.0 Columbia Property Trust Inc definitively agreed to acquire Normandy Real Estate Partners, a Morristown-based lessor of real estate property, for an estimated USD 100 mil. The consideration was to consist of USD 13.5 mil in cash and USD 86.5 mil in convertible preferred units.
CDI Group Inc Membersy Llc Membersy LLC planned to acquire CDI Group Inc, a Camarillo-based provider of dental insurance services.
Bluwire Group LLC 12 ReTech Corp 12 ReTech Corp acquired an undisclosed majority interest in Bluwire Group LLC, a Palm Beach Gardens-based online retailer, in exchange for preferred shares.
Boundless Mind Inc Thrive Global Holdings Inc Thrive Global Holdings Inc acquired Boundless Mind Inc, a Laguna Beach-based software publisher developer of software.
Orkus Inc Sailpoint Technologies Inc 16.5 Sailpoint Technologies Inc (Sailpoint), a unit of Thoma Bravo LLC, acquired Orkus Inc, a San Jose-based software publisher, for an estimated USD 16.5 mil. Concurrently, Sailpoint acquired Overwatch ID Inc.
Overwatch ID Inc Sailpoint Technologies Inc 21.0 Sailpoint Technologies Inc (Sailpoint), a unit of Thoma Bravo LLC, acquired Overwatch ID Inc, a Denver-based software publisher, for an estimated USD 21 mil. Concurrently, Sailpoint acquired Orkus Inc.
Mahard Egg Farm Cal-Maine Foods Inc Cal-Maine Foods Inc acquired Mahard Egg Farm, a Prosper-based producer of chicken eggs.
Greenbacker Renewable-39 MWDC US Solar Fund PLC US Solar Fund PLC of the UK planned to acquire 39 mwdc operational solar portfolio of Greenbacker Renewable Energy Co LLC, a New York-based intermediator. Terms were not disclosed.
Carolina Tank Lines Inc Rinchem Co Inc Rinchem Co Inc acquired Carolina Tank Lines Inc, a Burlington-based provider of local freight trucking services.
J & J Municipal Supply Inc Core & Main GP LP Core & Main GP LP definitively agreed to acquire J & J Municipal Supply Inc, a Boonville-based industrial machinery and equipment merchant wholesaler. Terms were not disclosed.
Olde Towne at Berwick,GA Prudent Growth Partners LLC 5.5 Prudent Growth Partners LLC acquired Olde Towne at Berwick, a Savannah-based lessor of nonresidential buildings, for a total USD 5. 45 mil, in a leveraged buyout transaction.
Peoples Bank & Trust Co Citizens Union Bank Citizens Union Bank, a unit of Citizens Union Bancorp Of Shelbyville Inc, definitively agreed to merge with Peoples Bank & Trust Co, an Owenton-based commercial bank, from Owenton Bancorp.
Truckpro Inc Platinum Equity LLC Platinum Equity LLC acquired Truckpro Inc (TruckPro), a Cordova-based motor vehicle supplies and parts merchant wholesaler, from Harvest Partners LP, in a secondary buyout transaction. Originally. Harvest Partners LP acquired TruckPro.
American Energy Partners LP-Pe American Energy-Permian Basin Sable Permian Resources LLC acquired the entire share capital of Permian Basin LLC of American Energy Partners LP, an Oklahoma-based producer of crude petroleum and natural gas.
Marshall Retail Group LLC WH Smith PLC 400.0 WH Smith PLC of the UK agreed to acquire Marshall Retail Group LLC, a Las Vegas-based gift and novelty store operator, from Brentwood Associates Inc, for a total USD 400 mil in cash.
DGG RE Investments LLC Mediterranean & Africa Mediterranean & Africa Investments Holding SAE of Egypt acquired DGG RE Investments LLC, a Levittown-based nonresidential property manager.
WolfePak Inc Charlesbk Tech Opportunities Charlesbank Technology Opportunities Fund LP, a unit of Charlesbank Capital Partners LLC, acquired WolfePak Inc, an Abilene-based software publisher, from Fort Point Capital LLC. Terms were not disclosed.
Westlake Tower,Seattle,WA Unico Properties LLC 236.0 Unico Properties LLC acquired Westlake Tower, a Seattle-based lessor of nonresidential buildings, from Teachers Insurance & Annuity Association of America, for a total USD 236 mil.
Intersys Consulting LLC Apex Systems Inc 67.0 Apex Systems Inc, a unit of On Assignment Inc, acquired Intersys Consulting LLC, an Austin-based provider of data processing and hosting services, for a total USD 67 mil in cash.
Foresters Finl Hldg Co Inc Nassau Life Insurance Co Nassau Life Insurance Co, a unit of Nassau Financial Group LP, definitively agreed to acquire Foresters Financial Holding Co Inc, an Albany-based insurance agency, from Foresters Financial. The transaction was to include Foresters Life Insurance & Annuity Co.
Crimson Casual Inc-Cert Asts Bassett Furniture Industries 2.3 Bassett Furniture Industries Inc agreed to acquire certain assets of Crimson Casual Inc, a Haleyville-based manufacturer of metal household furniture, for a total USD 2.25 mil. The consideration was to consists of USD 2.25 mil in cash and stock.
Essendant Industrial LLC One Equity Partners LP One Equity Partners LP, a unit of One Equity Partners LLC, acquired Essendant Industrial LLC, a Tulsa-based industrial supplies merchant wholesaler, from Essendant Co, owned by Essendant Inc.
US M&A Deals Announced October 11 to 17, 2019
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