Target Acquirer Value ($millions) Synopsis
GLP Pte Ltd-US Logistics Assets Investor Group 18700.0 An investor group, comprised of Blackstone Real Estate Income Trust Inc and Blackstone Real Estate Partners IX LP, units of Blackstone Group LP (Blackstone), agreed to acquire US logistics assets of GLP Pte Ltd, a Singapore-based lessor of real estate property, for $18.7 billion. Originally, in May 2019, Prologis Inc was rumored to be planning to acquire GLP Inc. Blackstone was named rumored bidder.
Cypress Semiconductor Corp Infineon Technologies AG 9846.7 Infineon Technologies AG (Infineon) of Germany definitively agreed to merge with Cypress Semiconductor Corp (Cypress), a San Jose-based manufacturer of semiconductors and related device, for $23.85 in cash per share, or a total value of $9.847 billion. Originally, in May 2019, Cypress was rumored to be seeking a buyer for the company. Infineon was rumored as potential bidder.
El Paso Electric Co Infrastructure Investments Fund 4387.2 Infrastructure Investments Fund, a unit of JP Morgan Investment Management Inc, definitively agreed to acquire the entire share capital of El Paso Electric Co, an El Paso-based electric power distributor, for $68.25 in cash per share, or a total $4.387 bil.
Looker Data Sciences Inc Google Inc 2600.0 Google Inc, a unit of Alphabet Inc, agreed to acquire the undisclosed remaining interest, which it did not already own, in Looker Data Sciences Inc, a Santa Cruz-based developer of business intelligence, data applications and embedded analytics platform, from Cross Creek Advisors LLC, Goldman Sachs Group Inc, Kleiner Perkins Caufield & Byers LLC, MeriTech Capital Partners, Premji Invest, Redpoint Ventures and other shareholders, for $2.6 billion in cash.
Spirit MTA Reit-Rental Real Estate Portfolio Hospitality Properties Trust 2345.0 Hospitality Properties Trust (Hospitality) definitively agreed to acquire the rental real estate portfolio of Spirit MTA Reit, a Dallas-based lessor of real estate property, for an estimated $2.345 billion. Concurrently, Hospitality definitively agreed to acquire 3 travel centers from Spirit Realty Capital Inc.
Remington Holdings LP-Hotel Management Business Ashford Inc 275.0 Ashford Inc definitively agreed to acquire the hotel management business of Remington Holdings LP, a Dallas-based hotel operator, for a total $275 million .
Plaza Vista-Building Platform Ventures LLC 118.0 Platform Ventures LLC acquired building of Plaza Vista, a Denver-based lessor of real estate property, owned by GWL Realty Advisors Inc, for a total $118 million .
FTD Cos Inc-North America & Latin America Consumer & Florist Businesses Nexus Capital Management LP 95.0 Nexus Capital Management LP definitively agreed to acquire the North America & Latin America consumer & florist businesses of the bankrupt FTD Cos Inc, a Downers Grove-based florist, for an estimated $95 million , in a leveraged buyout transaction. The transaction was to include ProFlowers.
Pace Payment Systems Inc I3 Verticals Inc 72.7 I3 Verticals Inc acquired the entire share capital of Pace Payment Systems Inc, a Nashville-based provider of data processing and hosting services, for a total $72.7 million . The consideration consisted of $52.7 million in cash and up to $20 million in profit-related payments.
Prime Equipment Group Inc John Bean Technologies Corp 65.0 John Bean Technologies Corp acquired Prime Equipment Group Inc, a Columbus-based manufacturer of food product machinery, for an estimated $65 million .
Spirit Realty Capital Inc-Travel Centers(3) Hospitality Properties Trust 55.0 Hospitality Properties Trust (Hospitality) definitively agreed to acquire 3 travel centers of Spirit Realty Capital Inc (Spirit Realty), a Dallas-based lessor of real estate property, for a total $55 million . Concurrently, Hospitality definitively agreed to acquire the rental real estate portfolio of Spirit MTA Reit.
Alpha Care Medical Group Inc Apollo Medical Holdings Inc 45.0 Apollo Medical Holdings Inc acquired the entire share capital of Alpha Care Medical Group Inc, a Pasadena-based physician’s office operator, for an estimated $45 million in cash.
Petrol Advertising Inc Toadman Interactive AB 23.0 Toadman Interactive AB of Sweden agreed to acquire the entire share capital of Petrol Advertising Inc, a Burbank-based advertising agency, for a total $23 million . The consideration was to consist of $10.75 million in cash, $7.25 million newly- issued ordinary shares, and up to $5 million in profit- related payments.
Toshiba America LNG Corp Total Gas & Power Asia Pte Ltd 15.0 Total Gas & Power Asia Pte Ltd of Singapore, a unit of Total SA, acquired the entire share capital of Toshiba America LNG Corp (TAL) , a Houston-based provider of transportation support services, from Toshiba America Inc (TAI), ultimately owned by TOSHIBA Corp, for a total $15 million . Originally, in April 2019, TAI announced that it was seeking a buyer for its TAL unit.
KCB Bank,Gladstone,Missouri Academy Bank NA Academy Bank NA, a unit of Dickinson Financial Corp, agreed to acquire the entire share capital of KCB Bank, a Gladstone-based commercial bank, from KCB Bank, ultimately owned by Bancshares of Missouri Inc.
Sizmek Inc-Sizmek Ad Server & Sizmek Dynamic Creative Optimization Business Amazon.com Inc Amazon.com Inc definitvely agreed to acquire the Sizmek Ad Server & Sizmek Dynamic Creative Optimization business of the bankrupt Sizmek Inc, an Austin-based display advertising agency.
Pinnacle Bank,Scottsdale,Arizona Arizona Federal Credit Union Arizona Federal Credit Union agreed to acquire the entire share capital of Pinnacle Bank, a Scottsdale-based commercial bank. Terms were not disclosed.
vCreative Inc Banyan Software LLC Banyan Software LLC acquired vCreative Inc, a Babson Park-based software publisher.
B-MoGen Biotechnologies Inc Bio-Techne Corp Bio-Techne Corp acquired the entire share capital of B- MoGen Biotechnologies Inc, a Minneapolis-based manufacturer of biological products.
United States Playing Card Co Cartamundi NV Cartamundi NV of Belgium definitively agreed to acquire United States Playing Card Co, an Erlanger-based provider of commercial flexographic printing services, from Jarden Corp, ultimately owned by Newell Brands Inc.
Southern Towing Co Cc Industries Inc CC Industries Inc acquired Southern Towing Co, a Memphis-based provider of navigational services to shipping, from McCombs Partners and Trive Capital LLC.
Allegheny Technologies Inc-Cast Products Business Consolidated Precision Products Corp Consolidated Precision Products Corp, a unit of Warburg Pincus LLC, definitively agreed to acquire the cast products business of Allegheny Technologies Inc, a Pittsburgh-based manufacturer of steel pipes and tubes.
Chronos Solutions LLC-Business Covius Services LLC Covius Services LLC definitively agreed to acquire business of Chronos Solutions LLC, a Coppell-based lessor of real estate property.
Peloton Commercial Real Estate LP-Austin Operations Cushman & Wakefield PLC Cushman & Wakefield PLC of the UK acquired the Austin operations of Peloton Commercial Real Estate LP, a Dallas-based lessor of real estate property.
The Efficiency Network Inc Duquesne Light Holdings Inc Duquesne Light Holdings Inc acquired The Efficiency Network Inc, a Pittsburgh-based provider of customized energy services.
Shari’s Berries Inc Farids & Co LLC Farids & Co LLC signed a Letter of Intent {LoI} to acquire Shari’s Berries Inc, a San Diego-based manufacturer of chocolate and confectionery, from the bankrupt FTD Cos Inc.
Label Technology Inc Fortis Solutions Group LLC Fortis Solutions Group LLC, a unit of Main Post Partners LP, acquired Label Technology Inc, a Merced-based manufacturer of flexible packaging, stand-up pouches, and pressure sensitive labels.
Advarra Inc Genstar Capital LLC Genstar Capital LLC definitively agreed to acquire Advarra Inc, a Columbia-based review board organization, from Linden LLC, in a leveraged buyout transaction.
Capital Vision Services LP Goldman Sachs Group Inc – Merchant Banking Division Goldman Sachs Group Inc – Merchant Banking Division (MBD), a unit of Goldman Sachs Group Inc, planned to acquire Capital Vision Services LP (Capital Vision), a Vienna-based optometrist’s office operator. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $2.7 billion. Originally, in June 2019, MBD was rumored to be planning to acquire Capital Vision.
Resource Optimization & Innovation LLC HealthTrust Purchasing Group LP HealthTrust Purchasing Group LP planned to acquire Resource Optimization & Innovation LLC, a Saint Louis-based provider of logistics consulting services.
The Door million l Inc-Assets Homewood Holdings LLC Homewood Holdings LLC, a unit of Building Industry Partners LLC, acquired assets of The Door million l Inc, a Chandler-based manufacturer of wood windows and doors.
Hallmark Licensing LLC Incomm Inc Incomm Inc, a unit of InComm Holdings Inc, acquired Hallmark Licensing LLC, a Kansas City-based provider of business support services, from Hallmark Cards Inc.
SAFE-BioPharma Association Investor Group An investor group, comprised of Zeva Inc and CertiPath LLC acquired SAFE- BioPharma Association, an Ormond Beach-based software publisher, from NH-ISAC Inc.
Prefinished Staining Product Inc Louisiana-Pacific Corp Louisiana-Pacific Corp acquired Prefinished Staining Product Inc, a Green Bay-based wall covering contractor.
Fiscal Choice Consulting LLC MGT of America Consulting LLC MGT of America Consulting LLC acquired Fiscal Choice Consulting LLC, a Northfield-based provider of financial and management consultation services. Terms were not disclosed.
Andover Healthcare Inc Milliken & Co Inc Milliken & Co Inc acquired Andover Healthcare Inc, a Salisbury-based manufacturer of medical tapes.
Prinova Group LLC Nagase Holdings America Corp Nagase Holdings America Corp, a unit of Nagase & Co Ltd, planned to acquire a 93. 6% interest in Prinova Group LLC, a Hanover Park-based manufacturer of flavoring syrups and concentrates.
The Partnership Federal Credit Union NASA Federal Credit Union NASA Federal Credit Union planned to merge with The Partnership Federal Credit Union, an Arlington-based credit union.
Panasonic Corp-Us Assets Polaris Private Equity Fund IV LP Polaris Private Equity Fund IV LP of Japan, a unit of Polaris Capital Group Co Ltd (Polaris), planned to acquire an 80% ownership interest in US assets of Panasonic Corp (Panasonic), a Kadoma-Shi, Osaka-based manufacturer of audio and video equipment. Concurrently, Polaris also planned to acquire Japan and China assets of Panasonic.
Bullfrog Ventures LLC Rokk3r Inc Rokk3r Inc acquired Bullfrog Ventures LLC, a Miami-based provider of consulting services. Terms of the transaction were not disclosed.
Specialty Contracting Group LLC Rooter Hero Plumbing Inc Rooter Hero Plumbing Inc acquired Specialty Contracting Group LLC, a Scottsdale-based plumbing, heating and air-conditioning contractor, from Enterprise Diversified Inc.
Affiliated Podiatrists PC US Foot & Ankle Specialists LLC US Foot & Ankle Specialists LLC, a unit of New MainStream Capital, acquired Affiliated Podiatrists PC, a Newport News-based podiatrist’s office operator.
Microtrac Inc Verder International BV Verder International BV (BV) of Netherlands planned to acquire the entire share capital of Microtrac Inc, a Montgomeryville-based manufacturer and wholesaler of Microtrac particle-size distribution analyzers and particle analysis instruments, from Nikkiso America Inc, a unit of Nikkiso Co Ltd (Nikkiso). Terms were not disclosed. Concurrently, BV planned to acquire the entire share capital of MicrotracBEL Corp, from Nikkiso. Terms were not disclosed.
Brickell Biotech Inc Vical Inc Vical Inc (Vical) definitively agreed to merge with Brickell Biotech Inc (Brickell Biotech), a Boulder-based pharmaceutical company, in a stock swap reverse takeover transaction. Upon completion, Vical and Brickell Biotech were to own 40% and 60% in the merged entity, respectively. The merged entity was to be named Brickell Biotech Inc.
Vitech Systems Group Inc Vitech Systems Group Inc SPV Vitech Systems Group Inc SPV, a special purpose acquisition vehicle, formed by CVC Capital Partners VII LP and CVC Growth Partners LP, definitively agreed to acquire an undisclosed majority interest in Vitech Systems Group Inc, a New York-based provider of custom computer programming services, in a leveraged buyout transaction.
Pregis LLC Warburg Pincus LLC Warburg Pincus LLC (Warburg) agreed to acquire Pregis LLC (Pregis), a Deerfield-based manufacturer of paper packing products, from Olympus Partners LP (Olympus), in a secondary buyout transaction. Terms were not disclosed. Originally, Olympus acquired Pregis LLC.
Green Street Advisors Inc Welsh Carson Anderson & Stowe Welsh Carson Anderson & Stowe planned to acquire Green Street Advisors Inc, a Newport Beach-based real estate agency, from Golden Gate Capital Inc, in a leveraged buyout transaction. Terms were not disclosed.
US M&A Deals Announced May 31 to June 06, 2019