TargetAcquirerValue ($millions)Synopsis
Credit Karma IncIntuit Inc7,100.0Intuit Inc definitively agreed to merge with Credit Karma Inc, a San Francisco-based credit report software developer, for an estimated $7.1 billion. The transaction was to consist of an estimated $3.05 billion in cash, $3.05 billion in common shares and up to $1 billion in profit related payments.
EQM Midstream Partners LPEquitrans Midstream Corp4,245.5Equitrans Midstream Corp (ETRN) definitively agreed to merge with EQM Midstream Partners LP (EQM), a Pittsburgh-based owner and operator of midstream assets, for a total $4.246 bil, in a stock swap transaction. ETRN offered 2.44 common shares per EQM share. Based on ETRN’s closing stock price of $8.68 on 26 February 2020, the last full trading day prior to the announcement, each EQM share was valued at $21.179.
Saba Software IncCornerstone OnDemand Inc1,393.5Cornerstone OnDemand Inc (Cornerstone) definitively agreed to acquire the entire share capital of Saba Software Inc, a Dublin-based developer of strategic human capital management software, from Vector Capital Management LP, for an estimated $1.394 billion. The consideration was to consist of $1.33 billion in cash and the issuance of 1.11 million of Cornerstone common shares valued at $63.545 million . The shares were valued based on Cornerstone’s closing stock price of $57.23 on 23 February 2020, the last full trading day prior to the announcement.
Vlocity IncSalesforce.com Inc1,330.0Salesforce.com Inc definitively agreed to acquire the remaining stake, which it did not already own, in Vlocity Inc, a San Francisco-based developer of cloud and mobile software, for an estimated $1.33 billion in cash.
Xperi CorpMetis Ventures LLC1,161.8Metis Ventures LLC (Metis Ventures) planned to acquire the entire share capital of Xperi Corp (Xperi), a San Jose-based manufacturer of semiconductors and related device, for a $23.30 per share or total value of $1. 162 billion in cash, via an unsolicited offer. Previously, in December 2019, Xperi definitively agreed to merge with TiVo Corp.
Columbia Gas-Natural Gas AssetEversource Energy1,100.0Eversource Energy (Eversource) definitively agreed to acquire Massachusetts natural gas assets of Columbia Gas Of Massachusetts Inc, a Westborough-based natural gas distributor, ultimately owned by NiSource Inc, for $1.1 bil.
CenterPoint Energy Svcs IncEnergy Capital Partners LLC400.0Energy Capital Partners LLC agreed to acquire CenterPoint Energy Services Inc (CES), a Houston-based natural gas distributor, from CenterPoint Energy Inc (CNP), for an estimated $400 million , in a leveraged buyout transaction. Originally, In December 2019, CNP was rumored to be seeking a buyer for its 2 non utility services units.
The Sobrato Org-Coml Bldg(2)Northridge Capital LLC276.3Northridge Capital LLC acquired 2 commercial building of The Sobrato Organization, a Santa Clara-based lessor of nonresidential buildings, for $276.3 million .
GAIN Capital Holdings IncINTL FCStone Inc224.6INTL FCStone Inc definitively agreed to acquire the entire share capital of GAIN Capital Holdings Inc, a Bedminster-based commodity contracts brokerage, for $6 in cash per share, or a total value of $224.58 million .
U Multifamily Property,FLInvestcorp Bank BSC164.0Investcorp Bank BSC of Bahrain acquired Undisclosed Multifamily Property (2), a Florida-based lessor of residential buildings and dwellings, for a total $164 million .
High Ridge Brands Co-OralPerrigo Co PLC113.0Perrigo Co PLC of Republic of Ireland definitively agreed to acquire oral care assets of the bankrupt High Ridge Brands Co, a Stamford-based manufacturer of toilet preparations, owned by Clayton Dubilier & Rice LLC, for a total $113 million .
Greif Inc-Consumer Pkg GrpGraphic Packaging Intl LLC85.0Graphic Packaging International LLC, a unit of Graphic Packaging Holding Co, planned to acquire consumer packaging group business of Greif Inc, a Delaware-based manufacturer of metal containers, for an estimated $85 million .
Tucson SpectrumRetail Value Inc84.0Retail Value Inc acquired Tucson Spectrum, a Tucson-based lessor of nonresidential buildings, for a total $84 million .
Perimeter Place,Atlanta,GAConsolidated-Tomoka Land Co75.4Consolidated-Tomoka Land Co acquired Perimeter Place, an Atlanta-based retail center, for a total $75.4 million .
Zen3 Infosolutions IncTech Mahindra Ltd64.0Tech Mahindra Ltd of India planned to acquire Zen3 Infosolutions Inc, a Redmond-based software publisher, for $64 million . The consideration was to consist of an estimated $42 million and p to further $22 million in profit- related payments.
Abbotts Run Apartmernt,NCBrt Apartments Corp38.0BRT Apartments Corp acquired Abbotts Run Apartment, a Wilmington-based lessor of real estate property, for a total $38 million .
W3ll People Incelf Beauty Inc27.0elf Beauty Inc acquired W3ll People Inc, an Austin-based manufacturer of toilet preparations, for $27 million in cash.
Crystal Lakes Shopping CenterVF4 Crystal Lake LLC22.7VF4 Crystal Lake LLC acquired Crystal Lakes Shopping Center, a Homestead-based lessor of nonresidential buildings, from Crystal Lake Shopping Center LLC, ultimately owned by MMG Equity Partners Acquisitions LLC, for a total $22.7 million .
Maxtec LLCHalma PLC20.0Halma PLC of the UK acquired Maxtec LLC, a Salt Lake City-based manufacturer of measuring and controlling devices, for a total $20 million in cash.
Oxford Instruments HealthcareMXR Imaging Inc15.0MXR Imaging Inc acquired Oxford Instruments Healthcare, an Ann Arbor-based diagnostic imaging center operator, from Oxford Instruments PLC, for a total $15 million .
Highmark Residential LLCStarwood Capital Group Global6.5Starwood Capital Group Global LLC acquired Highmark Residential LLC, a High Point-based lessor of residential buildings and dwellings, from Lakeside Capital Advisors LP, for a total $6.54 million .
JPD Financial Consultants IncGlantus Ltd5.0Glantus Ltd of Republic of Ireland acquired JPD Financial Consultants Inc, a San Jose-based provider of administrative management and general management consulting services, for a total $5 million .
Almaden-NutmegGoldMining Inc0.9GoldMining Inc of Canada agreed to acquire Almaden- Nutmeg Mountain Project, a Weiser-based gold ore mine operator, from Sailfish Royalty Corp, for a total $0.870 million .
Cadence Bancorp-E GeorgiaColony Bankcorp,Fitzgerald,GA0.3Colony Bankcorp Inc, Fitzgerald Georgia definitively agreed to acquire east georgia homebuilder finance loan portfolio of Cadence Bancorp, a Houston-based commercial bank, for a total $0.25 million .
Pacejet Logisitics Inc3Gtms LLC3Gtms LLC acquired Pacejet Logisitics Inc, a Columbus-based software publisher. Terms were not disclosed.
Excel Fabrication LLCAlpine 4 Technologies LtdAlpine 4 Technologies Ltd acquired Excel Fabrication LLC, a Twin Falls-based manufacturer of fabricated pipes and pipe fittings.
Sangamo-Proprietary Zinc TechBiogen Inc-UnmatchedBiogen Inc-Unmatched Neuroscience Research, a unit of Biogen Inc, planned to acquire the entire share capital of proprietary zinc finger technology of Sangamo Therapeutics Inc, a Richmond-based manufacturer of biological products, in the formation of a joint venture.
OfficeSpace.com Incbiproxi Incbiproxi Inc acquired OfficeSpace.com Inc, a Seattle-based provider of online commercial real estate marketplace.
Blue Cube Networks LlcCalteq LtdCalteq Ltd of the UK acquired Blue Cube Networks LLC, a Loveland-based wired telecommunications carrier.
Wasmer Schroeder & Co LLCCharles Schwab CorpCharles Schwab Corp definitively agreed to acquire Wasmer Schroeder & Co LLC, a Naples-based investment advisor. Terms of the transaction were not disclosed.
First Bk-IL Branches(5)Dieterich BankDieterich Bank, a unit of Prime Banc Corp, agreed to acquire 5 Illinois Branches of First Bank, a Creve Coeur-based commercial bank, ultimately owned by FB Corp. Terms were not disclosed.
First Bk-MO Branches(7)First State Cmnty Bk,MOFirst State Community Bank,Farmington,Missouri, a unit of First State Bancshares Inc,Farmington, Missouri, agreed to acquire 7 Missouri Branches of First Bank, a Creve Coeur-based commercial bank, ultimately owned by FB Corp. Terms were not disclosed.
Tubi IncFox CorpFox Corp was rumored to be planning to acquire Tubi Inc, a San Francisco-based provider of online video streaming services. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $500 million .
Weber Clark LtdGBQ Partners LLCGBQ Partners LLC acquired Weber Clark Ltd, a Sylvania-based certified public accountant’s office. Terms of the deal were not disclosed.
Pac Bkg CorpGRN Holding CorpGRN Holding Corp, a unit of GRN Funds LLC, planned to acquire the entire share capital of Pacific Banking Corp, a Bellevue-based commercial bank.
Healthy Harvest-AstsGrowGeneration CorpGrowgGrowGeneration Corp acquired Healthy Harvest- Assets, food crops farming establishment, from Healthy Harvest.
MaritzCX Research LLCInMoment IncInMoment Inc, a unit of Madison Dearborn Partners LLC, definitively agreed to merge with MaritzCX Research LLC, a Lehi-based customer experience company, from Maritz Holdings Inc.
Precision Electric Motor WorksIntegrated Power Services LLCIntegrated Power Services LLC, a unit of Odyssey Investment Partners LLC, acquired Precision Electric Motor Works Inc, a Clifton-based industrial equipment repair company. Terms were not disclosed.
Adaptas Solutions LLCL3Harris Technologies IncL3Harris Technologies Inc definitively agreed to acquire Adaptas Solutions LLC, a Palmer-based manufacturer of analytical laboratory instruments, from Ampersand Capital Partners. The financial terms of the acquisition were not disclosed.
Focal Point LLCLegrand SALegrand SA of France acquired Focal Point LLC, a Chicago-based manufacturer of lighting equipment.
Halo Cars IncLyft IncLyft Inc acquired Halo Cars Inc, a Brooklyn-based marketing and advertising agency.
Light Point Security LLCMcAfee LLCMcAfee LLC, a unit of TPG Capital LP, definitively agreed to acquire Light Point Security LLC, an Elkridge-based software publisher.
Greeley TribuneMediaNews Group IncMediaNews Group Inc, a unit of 21st CMH Acquisition Corp, planned to acquire Greeley Tribune, a Greeley-based newspaper publisher, from Swift Communications Inc.
VUDU IncNBCUniversal Media LLCNBCUniversal Media LLC, a unit of Comcast Corp, was rumored to be planning to acquire VUDU Inc, a Santa Clara-based manufacturer of wireless communications equipment, from Walmart Inc.
Donaldson Co Inc-E&E BusinessNelson Global Products IncNelson Global Products Inc, a unit of Wind Point Partners LLC, planned to acquire exhaust & emissions business of Donaldson Co Inc, a Minneapolis-based manufacturer of air purification equipment.
BeerAdvocate.com-Certain AssetNext Glass IncNext Glass Inc acquired certain assets of BeerAdvocate.com Inc, a Winthrop-based internet portal operator.
The Valence Group LLCPiper Sandler CosPiper Sandler Cos definitively agreed to acquire the entire share capital of The Valence Group LLC, a New York City-based investment advisor for an undisclosed amount of cash and restricted common shares.
Latigo Partners LP-InvestmentPretium Partners LLCPretium Partners LLC acquired the investment management business of Latigo Partners LP, a New York-based portfolio manager.
Ascentium Capital LLCRegions Financial CorpRegions Financial Corp definitively agreed to acquire Ascentium Capital LLC, a Kingwood-based provider of consumer lending services, from EM Warburg Pincus & Co Inc, ultimately owned by Warburg Pincus LLC. Terms were not disclosed.
First Bk-IL Branches(2)Royal Banks of MissouriRoyal Banks of Missouri, a unit of Royal Bancshares Inc, agreed to acquire 2 Illinois Branches of First Bank, a Creve Coeur-based commercial bank, ultimately owned by FB Corp. Terms were not disclosed.
Cyrus O’Leary’s PiesSara Lee Frozen BakerySara Lee Frozen Bakery, a unit of Kohlberg & Co LLC, definitively agreed to acquire Cyrus O’Leary’s Pies, an Airway Heights-based manufacturer of frozen bakery products.
Sonesta-39 Stay HotelsService Properties TrustService Properties Trust agreed to acquire 39 extended stay hotels of Sonesta International Hotels Corp, a Newton-based hotel operator, ultimately owned by Sonesta Acquisition Corp.
Visualize Health LLCSharecare IncSharecare Inc acquired Visualize Health LLC, a Franklin-based software publisher. Financial terms of the deal were not disclosed.
Segue Technologies IncTETRA Technologies IncTETRA Technologies Inc acquired Segue Technologies Inc, an Arlington-based software publisher. Terms were not disclosed.
Kele IncThe Stephens Group LLCThe Stephens Group LLC acquired Kele Inc (KI), a Memphis-based industrial machinery and equipment merchant wholesaler, from Snow Phipps Group LLC (SPG), in a quaternary buyout transaction. Previously, SPG acquired KI in a tertiary buyout transaction. Previously, CHS Capital LLC acquired an undisclosed majority interest in KI in a secondary buyout transaction. Originally, Thompson Street Capital Partners LP acquired KI in a primary buyout transaction.
Cooper Glass LLCTopbuild CorpTopBuild Corp, a unit of Masco Corp, acquired Cooper Glass LLC, a Huntington-based glass contractor.
Hunter Panels LLCTopbuild CorpTopBuild Corp, a unit of Masco Corp, acquired Hunter Panels LLC, a Portland-based manufacturer of residential insulation products, from Building Materials Corp of America, owned by GAF Corp.
Univision CommunicationsUnivision Communications SPVUnivision Communications Inc SPV, a special acquisition vehicle formed by Searchlight Capital Partners LP (Searchlight) and ForgeLight LLC (ForgeLight), definitively agreed to acquire an undisclosed majority interest in Univision Communications Inc (Univision), a New York-based television broadcaster, in a leveraged buyout transaction. Originally, in December 2019, Searchlight and ForgeLight were rumored to be planning to acquire Univision. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $800 million .
Forte BenefitsUSI Insurance Services LLCUSI Insurance Services LLC acquired Forte Benefits, a Fort Worth-based insurance agency.
GEOBRIDGE CorpUtimaco GmbHUtimaco GmbH of Germany, a unit of EQT Mid Market GP BV, definitively agreed to acquire GEOBRIDGE Corp, an Ashburn-based reproducer of software.
Affiliated Wastewater Envi SvcValicor Envi Svcs LLCValicor Environmental Services LLC, a unit of Pritzker Private Capital, acquired Affiliated Wastewater Environmental Services Inc, a Denver-based water supply system operator.
Centennial Resource-ProducedWaterBridge Holdings LLCWaterBridge Holdings LLC definitively agreed to acquire produced water infrastructure of Centennial Resource Production LLC, a Denver-based producer of crude petroleum and natural gas, owned by Centennial Resource Development Inc.
JOYN Advisors IncWealth Enhancement Group LLCWealth Enhancement Group LLC, a unit of TA Associates Management LP, planned to acquire JOYN Advisors Inc, an Atlanta-based investment advisor. Financial terms of the transaction were not disclosed.
Rational Interaction IncWipro DigitalWipro Digital, a unit of Wipro Ltd, acquired Rational Interaction Inc, a Seattle-based provider of computer systems design services.
US M&A Deals Announced February 21 to 27, 2020