TargetAcquirerValue ($millions)Synopsis
GLP Pte Ltd-US Logistics AssetsInvestor Group18700.0An 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 CorpInfineon Technologies AG9846.7Infineon 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 CoInfrastructure Investments Fund4387.2Infrastructure 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 IncGoogle Inc2600.0Google 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 PortfolioHospitality Properties Trust2345.0Hospitality 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 BusinessAshford Inc275.0Ashford 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-BuildingPlatform Ventures LLC118.0Platform 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 BusinessesNexus Capital Management LP95.0Nexus 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 IncI3 Verticals Inc72.7I3 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 IncJohn Bean Technologies Corp65.0John 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 Trust55.0Hospitality 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 IncApollo Medical Holdings Inc45.0Apollo 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 IncToadman Interactive AB23.0Toadman 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 CorpTotal Gas & Power Asia Pte Ltd15.0Total 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,MissouriAcademy Bank NAAcademy 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 BusinessAmazon.com IncAmazon.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,ArizonaArizona Federal Credit UnionArizona Federal Credit Union agreed to acquire the entire share capital of Pinnacle Bank, a Scottsdale-based commercial bank. Terms were not disclosed.
vCreative IncBanyan Software LLCBanyan Software LLC acquired vCreative Inc, a Babson Park-based software publisher.
B-MoGen Biotechnologies IncBio-Techne CorpBio-Techne Corp acquired the entire share capital of B- MoGen Biotechnologies Inc, a Minneapolis-based manufacturer of biological products.
United States Playing Card CoCartamundi NVCartamundi 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 CoCc Industries IncCC 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 BusinessConsolidated Precision Products CorpConsolidated 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-BusinessCovius Services LLCCovius 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 OperationsCushman & Wakefield PLCCushman & 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 IncDuquesne Light Holdings IncDuquesne Light Holdings Inc acquired The Efficiency Network Inc, a Pittsburgh-based provider of customized energy services.
Shari's Berries IncFarids & Co LLCFarids & 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 IncFortis Solutions Group LLCFortis 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 IncGenstar Capital LLCGenstar 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 LPGoldman Sachs Group Inc - Merchant Banking DivisionGoldman 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 LLCHealthTrust Purchasing Group LPHealthTrust Purchasing Group LP planned to acquire Resource Optimization & Innovation LLC, a Saint Louis-based provider of logistics consulting services.
The Door million l Inc-AssetsHomewood Holdings LLCHomewood 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 LLCIncomm IncIncomm 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 AssociationInvestor GroupAn 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 IncLouisiana-Pacific CorpLouisiana-Pacific Corp acquired Prefinished Staining Product Inc, a Green Bay-based wall covering contractor.
Fiscal Choice Consulting LLCMGT of America Consulting LLCMGT 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 IncMilliken & Co IncMilliken & Co Inc acquired Andover Healthcare Inc, a Salisbury-based manufacturer of medical tapes.
Prinova Group LLCNagase Holdings America CorpNagase 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 UnionNASA Federal Credit UnionNASA Federal Credit Union planned to merge with The Partnership Federal Credit Union, an Arlington-based credit union.
Panasonic Corp-Us AssetsPolaris Private Equity Fund IV LPPolaris 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 LLCRokk3r IncRokk3r Inc acquired Bullfrog Ventures LLC, a Miami-based provider of consulting services. Terms of the transaction were not disclosed.
Specialty Contracting Group LLCRooter Hero Plumbing IncRooter Hero Plumbing Inc acquired Specialty Contracting Group LLC, a Scottsdale-based plumbing, heating and air-conditioning contractor, from Enterprise Diversified Inc.
Affiliated Podiatrists PCUS Foot & Ankle Specialists LLCUS Foot & Ankle Specialists LLC, a unit of New MainStream Capital, acquired Affiliated Podiatrists PC, a Newport News-based podiatrist's office operator.
Microtrac IncVerder International BVVerder 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 IncVical IncVical 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 IncVitech Systems Group Inc SPVVitech 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 LLCWarburg Pincus LLCWarburg 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 IncWelsh Carson Anderson & StoweWelsh 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