TargetAcquirerValue ($millions)Synopsis
Zayo Group Holdings IncFront Range TopCo Inc14288.8Front Range TopCo Inc, a special purpose acquisition vehicle formed by Digital Colony Partners LP (Digital Colony), a unit of Digital Colony Management LLC and EQT Infrastructure IV Fund, a unit of EQT AB (EQT), definitively agreed to acquire Zayo Group Holdings Inc (Zayo Group), a Boulder-based provider of bandwidth infrastructure services, for $35 in cash per share, or a total value of $14.288 bil, including the assumption of $5.9 billion in liabilities, in a leveraged buyout transaction. Originally, in November 2018, an investor group, comprised of Blackstone Group LP, Stonepeak Infrastructure Partners LP, KKR & Co, I Squared Capital, GTCR and Charlesbank Capital Partners was rumored to be planning to acquire the entire share capital of Zayo Group. Digital Colony and EQT were named rumored potential bidders. Upon completion, Zayo Group was to be delisted in the New York Stock Exchange.
Walt Disney Co-Fox Regional Sports Networks(21)Sinclair Broadcast Group Inc9600.0Sinclair Broadcast Group Inc (Sinclair) definitively agreed to acquire 21 Fox regional sports networks of Walt Disney Co (Disney), a Burbank-based provider of entertainment, media and information services, for an estimated $9.6 billion. Originally, in May 2019, Sinclair was rumored to be planning to acquire its Fox regional sports networks of Disney.
Andeavor Logistics LPMPLX LP3268.3MPLX LP (MPLX), a unit of Marathon Petroleum Corp (MPC), definitively agreed to merge with Andeavor Logistics LP (ANDX), a Findlay-based provider of pipeline transportation services of crude oil, from MPC, for $3.268 bil, in an internal reorganization, via stock swap transaction. MPLX offered 1.135 units per ANDX unit. Based on MPLX’s closing stock price of $32.19 on 7 May 2019, the last full trading day prior to the announcement, each ANDX share was valued at $36.536. The value was prorated at 36.419% based on the percentage not held in ANDX by MPC.
Chesapeake Lodging TrustPark Hotels & Resorts Inc1927.0Park Hotels & Resorts Inc (Park) definitively agreed to merge with Chesapeake Lodging Trust (Chesapeake), an Arlington-based real estate investment trust, in a reverse takeover transaction valued at $1. 927 billion. Park offered $11 in cash per share and 0.628 common share per Chesapeake share. Based on Park’s closing stock price of $32. 98 on 3 May 2019, the last full trading day prior to the announcement, each Chesapeake share was valued at $31. 711. Upon completion, Park and Chesapeake were to own 84% and 16% in the merged entity, respectively.
Harry’s IncEdgewell Personal Care Co1370.0Edgewell Personal Care Co (EPC) definitively agreed to merge with Harry’s Inc (HI) , a New York City-based manufacturer of toilet preparations, for an estimated $1.37 billion. The consideration was to consist of an estimated $1.082 billion in cash and $287.7 million in EPC common shares. Upon completion, EPC and HI shareholders were to own 89% interest and 11% stake in the merged entity, respectively. Originally, in May 2019, EPC was rumored to be planning to acquire HI.
Ranir LLCPerrigo Co PLC750.0Perrigo Co PLC of Republic of Ireland definitively agreed to acquire Ranir LLC, a Grand Rapids-based manufacturer of detergents, from Kayak Holdings LLC, for $750 million in cash.
Harsco Industrial Hammco LLCChart Industries Inc592.0Chart Industries Inc agreed to acquire Harsco Industrial Hammco LLC, a Tulsa-based manufacturer of plate works, from Harsco Corp, for an estimated $592 million in cash and assumption of undisclosed liabilities.
Brunswick Corp-Fitness BusinessKPS Capital Partners LP490.0KPS Capital Partners LP definitively agreed to acquire fitness business of Brunswick Corp, a Mettawa-based provider of boat building services, for an estimated $490 million in cash, in a leveraged buyout transaction.
Aquantia CorpMarvell Technology Group Ltd485.5Marvell Technology Group Ltd of Bermuda agreed to acquire the remaining stake, which it did not already own, in Aquantia Corp, a San Jose-based manufacturer of semiconductors and related device, for $485.513 mil.
Abide Therapeutics IncH Lundbeck A/S400.0H Lundbeck A/S of Denmark, a unit of Lundbeckfonden, definitively agreed to acquire Abide Therapeutics Inc, a San Diego-based manufacturer of pharmaceutical preparation, for an estimated $400 million. The consideration was to consist of $250 million in cash and up to $150 million in profit-related payments.
Amplify Energy CorpMidstates Petroleum Co Inc267.9Midstates Petroleum Co Inc (MPC) definitively agreed to merge with Amplify Energy Corp (AEC), a Houston-based producer of crude petroleum and natural gas, in a stock swap transaction valued at $267.947 million. MPC offered 0.933 new issued common share per AEC share. Based on MPC’s closing stock price of $12. 81 on 3 May 2019, the last full trading day prior to the announcement, each AEC was valued at $11.952. Upon completion, MPC and AEC were to own 50% interest each, in the combined company and was to be renamed Amplify Energy Corp.
Haggar Clothing CoRanda Accessories Leather Goods LLC230.0Randa Accessories Leather Goods LLC definitively agreed to acquire the entire share capital of Haggar Clothing Co, a Farmers Branch-based manufacturer of men’s fine dress pants and slacks, from Haggar Corp, ultimately owned by Yue Yuen Industrial (Holdings) Ltd, for $230 mil.
Sergeant’s Pet Care Products IncPetIQ Inc185.0PetIQ Inc definitively agreed to acquire Sergeant’s Pet Care Products Inc, an Omaha-based manufacturer of pharmaceutical preparation, from Perrigo Co PLC, for an estimated total of $185 million in cash.
AxleTech International CorpMeritor Inc175.0Meritor Inc definitively agreed to acquire the entire share capital of AxleTech International Corp, a Troy-based manufacturer of motor vehicle brake systems, from The Carlyle Group LLC, ultimately owned by The Carlyle Group LP, for an estimated total of $175 million in cash.
Horan & McConaty Funeral Services IncPark Lawn Corp101.5Park Lawn Corp of Canada definitively agreed to acquire the entire share capital of Horan & McConaty Funeral Services Inc, a Denver-based provider of funeral and cremation services, for an estimated $101.5 million in cash. The transaction was to include The Baue Funeral Home Co.
Justice Network LLCTEGNA Inc77.0TEGNA Inc definitively agreed to acquire Justice Network LLC, an Atlanta-based television broadcaster, for $77 million. The transaction was to include Quest Network LLC.
Mercer LLC-Pension Plan Administration BusinessMorneau Shepell Inc57.0Morneau Shepell Inc of Canada agreed to acquire pension plan administration business of Mercer LLC, provider of management consulting services, ultimately owned by Marsh & McLennan Cos Inc, for an estimated $57 million in cash.
Century At The BallparkCentennial Holding Co LLC43.0Centennial Holding Co LLC acquired Highlands At Gwinnett Stadium, a Lawrenceville-based owner and operator of residential buildings and dwellings, for a total $43 mil.
Sensys Networks IncTagMaster AB16.0TagMaster AB of Sweden agreed to acquire Sensys Networks Inc, a Berkeley-based provider of custom computer programming services, for an estimated $16 mil.
Watt Executive Plaza IncEthan Conrad Properties Inc4.5Ethan Conrad Properties Inc acquired Watt Executive Plaza Inc, a Sacramento-based lessor of nonresidential buildings, for a total $4. 5 mil.
Somatel Nashville Airport HotelSomatel Hotel LLC2.5Somatel Hotel LLC acquired Somatel Nashville Airport Hotel, a Nashville-based hotel operator, from Par Investments LLC, for $2.53 mil.
Design Manager Inc1stdibs.com Inc1stdibs.com Inc acquired Design Manager Inc, a Doylestown-based provider of project management and accounting software.
Cool Pak Solutions LPAGRO Merchants Group LLCAGRO Merchants Group LLC, a unit of Oaktree Capital Management LP, acquired Cool Pak Solutions LP, a Carson-based provider of refrigerated warehousing and storage services.
Hopebridge LLCArsenal Capital Partners LPArsenal Capital Partners LP acquired Hopebridge LLC, an Indianapolis-based outpatient mental health and substance abuse center operator, in a leveraged buyout transaction. The terms of the acquisition were not disclosed.
Vintage Design IncArtisan Design Group LLCArtisan Design Group LLC(ADG), a unit of The Sterling Group LP, acquired Vintage Design Inc, a Lake Forest-based residential remodeler. Concurrently, ADG agreed to acquire Nu Wood Design LLC.
Nu Wood Design LLCArtisan Design Group LLCArtisan Design Group LLC(ADG), a unit of The Sterling Group LP, acquired Nu Wood Design LLC, a Racine-based carpentry contractor. Concurrently, ADG agreed to acquire Vintage Design LLC.
Pragiti IncDigital Management IncDigital Management Inc acquired Pragiti Inc, a Santa Clara-based provider of management consulting services.
Jason Wu LLCGreen Harbor Management (Shenzhen) Co LtdGreen Harbor Management (Shenzhen) Co Ltd of China acquired an undisclosed majority interest in Jason Wu LLC, a New York-based clothing retailer.
Adam Equipment IncIndutrade ABIndutrade AB of Sweden acquired the entire share capital of Adam Equipment Inc, an Oxford-based manufacturer of scales and balances.
SouthernCarlson IncKyocera CorpKyocera Corp of Japan acquired SouthernCarlson Inc, an Omaha-based industrial supplies merchant wholesaler. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at JPY 90 billion (USD 810.18 mil).
Transactis IncMastercard IncMasterCard Inc agreed to acquire Transactis Inc, a New York City-based internet service provider. Terms were not disclosed.
GLP IncPrologis IncPrologis Inc was rumored to be planning to acquire GLP Inc, a Chicago-based lessor of real estate property, from GLP Pte Ltd. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $20 bil.
Energysavvy IncTendril Networks IncTendril Networks Inc acquired Energysavvy Inc, a Seattle-based software publisher.
A&R Logistics IncWind Point Partners LLCWind Point Partners LLC acquired A&R Logistics Inc, a Louisville-based provider of long-distance freight trucking services, in a leveraged buyout transaction.
US M&A Deals Announced May 03 to 10, 2019