Target | Acquirer | Value ($millions) | Synopsis |
SemGroup Corp | Energy Transfer LP | 5100.0 | Energy Transfer LP (ET) definitively agreed to merge with SemGroup Corp (SG), a Tulsa-based provider of midstream services, for an estimated $5.1 bil. ET offered an estimated $6.8 in cash and 0.7275 ET common unit per SG share and the assumption of $3.735 billion in liabilities. Based on ET's closing stock price of $14. 02 on 13 September 2019, the last full trading day prior to the announcement, each SG share was valued at $17. |
Vivint Smart Home Inc | Mosaic Acquisition Corp | 2257.4 | Mosaic Acquisition Corp (Mosaic) definitively agreed to merge with Vivint Smart Home Inc, a Provo-based smart home company, in a stock swap reverse takeover transaction valued at $2.257 bil. The consideration was to consist of 211.602 million Class A common shares valued at $2.232 billion and up to $25 million in profit-related payments. The shares were valued based on Mosaic's closing stock price of $10.55 on 10 September 2019, the last full trading day prior to the announcement. Upon completion, Mosaic was to be renamed Vivint Smart Home Inc. |
Alder BioPharmaceuticals Inc | Lundbeck LLC | 1750.2 | Lundbeck LLC (Lundbeck), a unit of H Lundbeck A/S, ultimately-owned by Lundbeckfonden, definitively agreed to merge with Alder BioPharmaceuticals Inc (Alder BioPharmaceuticals), a Bothell-based clinical-stage biopharmaceutical company, for $20 per share, or a total value of $1.75 bil, via tender offer. Lundbeck offered 18 in cash and $2 in contingent value right per Alder BioPharmaceuticals common share. |
Digital Realty Trust Inc-Turn-Key Flex data centers(3) | Investor Group | 811.0 | An investor group, comprised of Mapletree Investments Pte Ltd and Mapletree Industrial Trust, a unit of Mapletree Industrial Trust Management Ltd definitively agreed to acquire an 80% ownership interest in 3 Turn-Key Flex data centers of Digital Realty Trust Inc (Digital Realty), a San Francisco-based lessor of real estate property, for $811 million. Concurrently, the investor group definitively agreed to acquire 10 Powered Base Building data centers of Digital Realty. |
Digital Realty Trust Inc-Powered Base Building data centers(10) | Investor Group | 557.0 | An investor group, comprised of Mapletree Investments Pte Ltd and Mapletree Industrial Trust, a unit of Mapletree Industrial Trust Management Ltd definitively agreed to acquire 10 Powered Base Building data centers of Digital Realty Trust Inc (Digital Realty), a San Francisco-based lessor of real estate property, for $557 million. Concurrently, the investor group definitively agreed to acquire an 80% ownership interest in 3 Turn- Key Flex data centers of Digital Realty. |
Newmar Corp | Winnebago Industries Inc | 343.5 | Winnebago Industries Inc agreed to acquire the entire share capital of Newmar Corp, a Nappanee-based manufacturer of transportation equipment, for a total of $343.540. The consideration consist of $270 million in cash and the issuance of 2 million Winnebago common shares, valued at $343.54 million. The shares were valued based on Winnebagos closing stock price of $36. 77 on 13 September 2019, the last full trading day prior to the announcement. |
Weyerhaeuser Co-Michigan timberlands | Lyme Great Lakes Holding LLC | 300.0 | Lyme Great Lakes Holding LLC, a unit of Lyme Timber Co LP, agreed to acquire Michigan timberlands of Weyerhaeuser Co, a Seattle-based timber tract operator, for a total $300 mil. |
DECALORA-Wastewater asset | Aqua Pennsylvania Inc | 276.5 | Aqua Pennsylvania Inc, a unit of Aqua America Inc, agreed to acquire wastewater asset of DECALORA, a Chester-based city agency, the US state-owned Delaware Co Reg Wtr Qlty CtlAu, ultimately owned by the US state-owned United States of America, for $276.5 mil. |
ASP Grede Acquisitionco LLC | Grede AcquisitionCo Inc | 245.0 | Grede AcquisitionCo Inc, a unit of Gamut Capital Management LP, planned to acquire ASP Grede Acquisitionco LLC, iron foundry operator, from American Axle & ManufacturingHoldings Inc, owned by Blackstone Group LP, for an estimated $245 mil. |
CCDC OpCo Holding Corp | Grupo Nutresa SA | 113.0 | Grupo Nutresa SA of Colombia, a unit of Grupo Empresarial Antioqueno, acquired CCDC OpCo Holding Corp, a Minneapolis-based investment advisor, for a total $113 mil. |
Avangrid Renewables LLC-Dry Lake II Wind Farm | Axium Infrastructure Inc | 112.0 | Axium Infrastructure Inc (Axium) of Canada agreed to acquire a 50% ownership interest in the Dry Lake II Wind Farm of Avangrid Renewables LLC (ARL), a Portland-based electric power distributor, owned by Avangrid Inc. Concurrently, Axium agreed to acquire a 50% ownership interest in the Copper Crossing Solar Project of ARL. The two transactions were to have a combined value of $112 mil. |
North Star Financial Holdings Inc | Keweenaw Financial Corp | 42.0 | Keweenaw Financial Corp definitively agreed to acquire North Star Financial Holdings Inc, a Bloomfield Hills-based commercial bank, for a total $42 mil. |
Tennessee Community Bank Holdings Inc | Reliant Bancorp Inc | 38.0 | Reliant Bancorp Inc (Reliant) definitively agreed to merge with Tennessee Community Bank Holdings Inc (TCB), an Ashland City-based bank holding company, in a stock swap transaction valued at $37.959 million. Reliant offered $17.13 in cash per share and 0.769 Reliant common share per TCB share. Based on Reliant's closing stock price of $24.51 on 13 September 2019, the last full trading day prior to the announcement, each TCB share was valued at $35.978. |
VitreosHealth Inc | HMS Holdings Corp | 36.5 | HMS Holdings Corp acquired VitreosHealth Inc, a Plano-based provider of predictive and prescriptive health insights, for a total $36.5 mil. |
Cornerstone Financial Services Group Inc | Summit Financial Group Inc, Moorefield,West Virginia | 28.5 | Summit Financial Group Inc (Summit) ,Moorefield,West Virginia agreed to merge with Cornerstone Financial Services Group Inc (Cornerstone), an Ottumwa-based provider of depository credit intermediation services, for an estimated $28.5 million. Summit offered a choice of $28.5 million in cash or $28.5 million common shares, subject to proration whereby 50% of the total consideration was to be paid in common shares and the remaining 50% in cash |
Panther Residential Management Llc-Fern Parc Apartment Homes | Wicker Park Capital Management LLC | 27.5 | Wicker Park Capital Management LLC acquired Fern Parc apartment homes of Panther Residential Management LLC, a Woburn-based financial sponsor, for a total $27.45 mil. |
Riverview Apartments | Firm Capital American Realty Partners Corp | 20.3 | Firm Capital American Realty Partners Corp of Canada planned to acquire a 50% interest in Riverview Apartments, an Atlanta-based lessor of residential buildings and dwellings, for a total $20.3 million. The consideration was to consist of $14 million in cash, $3. 15 common shares, and $3. 15 preferred shares. |
MediaJel Inc | SITO Mobile Ltd | 17.4 | SITO Mobile Ltd agreed to acquire the entire share capital of MediaJel Inc, a Walnut Creek-based software publisher, in exchange for 20 million SITO common shares valued at $17.4 million. The shares were valued based on SITO's closing stock price of $0. 87 on 13 September 2019, the last full trading day prior to the announcement. |
Azunia Tequila | Eastside Distilling Inc | 14.7 | Eastside Distilling Inc acquired Azunia Tequila, a Glendora-based alcoholic beverages merchant wholesaler, from Intersect Beverage LLC, for a total $14.7 mil. |
Ja Bar Silicone Corp | Nolato AB | 9.9 | Nolato AB of Sweden agreed to acquire Ja Bar Silicone Corp, an Andover-based manufacturer of plastics materials, for a total $9.888 mil. |
Southlake Medical Supplies Inc | ConvaTec Group PLC | 5.0 | ConvaTec Group PLC of the UK agreed to acquire Southlake Medical Supplies Inc, a Southlake-based manufacturer of medical instruments, for a total $5 mil. |
1Strategy LLC | TEKsystems Global Services LLC | 3.7 | TEKsystems Global Services LLC planned to acquire a 70% interest in 1Strategy LLC, software publisher, from Beyondsoft Consulting Inc, ultimately owned by Beyondsoft Corp, for a total $3.661 mil. |
Holland Marble Co Inc | All Commercial Floors Inc | | All Commercial Floors Inc acquired Holland Marble Co Inc, a Carrollton-based manufacturer of stone products. |
Alton E. Woodford Insurance Agency Inc | AssuredPartners Inc | | AssuredPartners Inc, a unit of Apax Partners LP, acquired Alton E. Woodford Insurance Agency Inc, a West Hartford-based insurance agency. Terms were not disclosed. |
Avangrid Renewables LLC-Copper Crossing Solar Project | Axium Infrastructure Inc | | Axium Infrastructure Inc (Axium) of Canada agreed to acquire a 50% ownership interest in the Copper Crossing Solar Project of Avangrid Renewables LLC (ARL), a Portland-based electric power distributor, owned by Avangrid Inc. Concurrently, Axium agreed to acquire a 50% ownership interest in the Dry Lake II Wind Farm of ARL. The two transactions were to have a combined value of $112 mil. |
Great Wolf Resorts Inc | Blackstone Group Inc | | Blackstone Group Inc was rumored to be planning to acquire the entire share capital of Great Wolf Resorts Inc, a Madison-based hotel operator, from K-9 Acquisition Inc, owned by K-9 Holdings Inc, 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 $2.9 bil. |
SeaTech | Burnham Benefits Insurance Services, Inc | | Burnham Benefits Insurance Services, Inc acquired SeaTech, a Lawndale-based insurance agency. |
Postal Employees Of Troy New York Federal Credit Union | CAP COM Federal Credit Union | | CAP COM Federal Credit Union agreed to acquire the entire share capital of Postal Employees Of Troy New York Federal Credit Union, a Troy-based credit union. |
Natera Inc-Evercord Business | CBR Systems Inc | | CBR Systems Inc, a unit of GI Partners LLP, acquired evercord business of Natera Inc, a San Carlos-based diagnostic imaging center operator. |
Alaska National Corp | Copperpoint Mutual Insurance Co | | Copperpoint Mutual Insurance Co agreed to acquire Alaska National Corp, an Anchorage-based insurance agency. |
Onyx Physical Commodities Trading Group | Exxe Group Inc | | Exxe Group Inc acquired an undisclosed majority interest in Onyx Physical Commodities Trading Group, commodity contracts dealer, in a leveraged buyout transaction. |
Rivers Innovations Inc | Gage Cannabis Co | | Gage Cannabis Co planned to acquire Rivers Innovations Inc, intermediator. |
Avalanche Cloud Corp | HID Global Corp | | HID Global Corp, a unit of ASSA ABLOY AB, acquired Avalanche Cloud Corp, a Salt Lake City-based provider of security systems services. |
Washington Financial Group LLP | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Washington Financial Group LLP, a Mclean-based provider of administrative management and general management consulting services. Terms were not disclosed. |
Hunter Douglas NV-Metal Trading Unit | Investor Group | | A management-led investor group planned to acquire metal trading unit of Hunter Douglas NV, a Rotterdam-based manufacturer of blinds and shades, in a leveraged buyout transaction. Terms were not disclosed. |
Hunter Douglas Metals LLC | Investor Group | | A management-led investor group acquired Hunter Douglas Metals LLC, a Homewood-based manufacturer of blinds and shades, from Hunter Douglas NV, in a leveraged buyout transaction. Terms were not disclosed. |
Chartwell Compliance | MVB Bank Inc | | MVB Bank Inc, a unit of MVB Financial Corp, acquired Chartwell Compliance, a Bethesda-based government regulation establishment. |
Villas at Kennedy Creek Apartments,Tumwater,Washington | Security Properties Inc | | Security Properties Inc acquired Villas at Kennedy Creek Apartments, a Tumwater-based lessor of residential buildings and dwellings. |
Chinos Holdings Inc-J Crew Business | Shareholders | | Chinos Holdings Inc planned to spin off its J Crew business to its shareholders. |
Standard Gravel Co LLC | Stonepoint Materials LLC | | Stonepoint Materials LLC acquired Standard Gravel Co LLC, a Franklinton-based brick, stone and related construction material merchant wholesaler. |
Provenance Consulting LLC-Assets | Trinity Consultants Inc | | Trinity Consultants Inc, a unit of Levine Leichtman Capital Partners Inc, acquired assets of Provenance Consulting LLC, a Borger-based provider of management consulting services. |
Egg Health Hub Inc | TurnKey Capital Inc | | TurnKey Capital Inc planned to acquire Egg Health Hub Inc, a Fort Lauderdale-based software publisher, from Healthspan Medical Systems Inc. |
Eco Chemical Inc | UC Coatings Corp | | UC Coatings Corp, a unit of High Road Capital Partners LLC, acquired Eco Chemical Inc, a Seattle-based manufacturer of water-based stains and coatings. |
US M&A Deals Announced September 13 to 19, 2019 | | | |