| US M&A Deals Announced March 20 to 26, 2020 | | | |
| Target | Acquirer | Value ($millions) | Synopsis |
| The Forum,Inglewood,CA | CAPSS LLC | 400.0 | CAPSS LLC (CAPSS) agreed to acquire The Forum (Forum), an Inglewood-based indoor arena, from The Madison Square Garden Co, for $400 million in cash. Originally, in March 2020, CAPSS was rumored to be planning to acquire Forum. |
| Chanje Energy Inc | Chanje Energy Inc SPV | 360.0 | Chanje Energy Inc SPV (SPV), a special purpose acquisition vehicle formed by J Streicher Holdings LLC, signed a Letter of Intent {LoI} to acquire a 94.74% interest in Chanje Energy Inc, a Hawthorne-based manufacturer of electric vehicles, from FDG Electric Vehicles Ltd, for an estimated $360 mil, in a leveraged buyout transaction. The consideration was to consist of an estimated $260 million cash, undisclosed amount via 10% equity stake in SPV and up to $100 million in profit-related payments. |
| CIMCOOL Fluid Technology LLC | DuBois Chemicals Inc | 250.0 | DuBois Chemicals Inc, a unit of The Jordan Co LP, definitively agreed to acquire CIMCOOL Fluid Technology LLC, a Cincinnati-based manufacturer of chemical products, from Milacron Holdings Corp, ultimately owned by Hillenbrand Inc, for an estimated $250 million. The consideration was to consist of $224 million in cash, and up to $26 million in profit- related payments. |
| InterContinental Buckhead | Brookfield Ppty Grp Llc | 163.0 | Brookfield Property Group LLC, a unit of Brookfield Asset Management Inc, acquired InterContinental Buckhead Hotel, an Atlanta-based owner and operator of hotels, from Pebblebrook Hotel Trust, for a total $163 mil. |
| Merkle Inc | Dentsu Group Inc | 94.0 | Dentsu Inc (Dentsu) of Japan planned to acquire the remaining 32% stake, which it did not already own, in Merkle Inc, a Columbia-based provider of data processing and hosting services, a unit of Dentsu Aegis Network Ltd, ultimately owned by Dentsu Inc, for 4.7433 million of Dentsu common shares or an estimated $94.045 million. The shares were valued based on Dentsu's closing stock price of JPY 2203 (USD 19.827) on 24 March 2020, the last full trading day prior to the announcement. |
| Amerilab Technologies Inc | DCC Health & Beauty Solutions | 85.0 | DCC Health & Beauty Solutions Ltd of the UK, a unit of DCC PLC, acquired Amerilab Technologies Inc, a Plymouth-based manufacturer of pharmaceutical preparation, for an estimated $85 million. The consideration was consisted of $85 million in cash and profit-related payments. |
| Outlook at Pilot Butte,Bend,OR | Security Properties Inc | 52.0 | Security Properties Inc acquired Outlook at Pilot Butte, a Bend-based lessor of residential buildings and dwellings, for a total $52 mil. |
| Reach Constr Grp Llc | CUI Global Inc | 37.0 | CUI Global Inc definitively agreed to acquire Reach Construction Group LLC, an Apex-based owner and operator of electric power generation facility, for an estimated $37 mil. |
| Crossroads Distribution Ctr,FL | Blackstone Group Inc | 25.4 | Blackstone Group Inc acquired Crossroads Distribution Center, a Jacksonville-based lessor of nonresidential buildings, for a total $25.4 mil, in a leveraged buyout transaction. |
| Mac Papers Inc-Distn | Spirit Mas Funding X LLC | 14.7 | Spirit Master Funding X LLC, a unit of Spirit Realty Capital Inc, acquired distribution warehouse of Mac Papers Inc, a Jacksonville-based wholesaler of printing papers and envelopes, ultimately owned by Monomoy Capital Partners LLC, for a total $14.68 mil. |
| Fisher Trails | Newmontis Re Invest Bkg | 11.8 | Newmontis Real Estate Investment Banking (Newmontis) acquired Fisher Trails, a Dallas-based apartment complex with 66 units, for a total $11.765 million. Concurrently, Newmontis acquired 630 West Lake Street. |
| 630 W Lake Street,Chicago,IL | Newmontis Re Invest Bkg | 9.9 | Newmontis Real Estate Investment Banking (Newmontis) acquired 630 West Lake Street, a Chicago-based mixed- use property complex, for a total $9.9375 million. Concurrently, Newmontis acquired Fisher Trails. |
| Palisades Center | Investor Group | 8.3 | An investor group, comprised of Pharo Palisades I LLC, High Cotton Shoals LLC and High Cotton Palisades LLC acquired Palisades Center, a West Nyack-based shopping center, for a total $8.3 mil. |
| L-3 Communications Eotech Inc | American Holoptics LLC | | American Holoptics LLC, a unit of Koucar Management Inc, definitively agreed to acquire Eotech Inc, an Ann Arbor -based manufacturer of electronic components. |
| Aniello Insurance Agency Inc | AssuredPartners Inc | | AssuredPartners Inc, a unit of Apax Partners LP, acquired Aniello Insurance Agency Inc, a Las Vegas-based insurance agency. |
| Oil & Gas Bus Solutions Inc | Baker Tilly Virchow Krause LLP | | Baker Tilly Virchow Krause LLP planned to acquire Oil & Gas Business Solutions Inc, a Dallas-based provider of administrative management and general management consulting services. |
| Finl Ctr First Credit Union | Ball State Fed Credit Union | | Ball State Federal Credit Union planned to merged with Financial Center First Credit Union, an Indianapolis-based credit union. |
| Neji Inc | Brex Inc | | Brex Inc (Brex) acquired Neji Inc, a San Francisco-based provider of data processing and hosting services. Concurrently, Brex acquired Landria Technologies and Compose Labs Inc. Terms were not disclosed. |
| Compose Labs Inc | Brex Inc | | Brex Inc (Brex) acquired Compose Labs Inc, a San Francisco-based software publisher. Concurrently, Brex acquired Landria Technologies and Neji Inc. Terms were not disclosed. |
| Landria Technologies | Brex Inc | | Brex Inc (Brex) acquired Landria Technologies, a San Francisco-based software publisher. Concurrently, Brex acquired Neji Inc and Compose Labs Inc. Terms were not disclosed. |
| Volunteer Express Inc | Central Freight Lines Inc | | Central Freight Lines Inc definitively agreed to acquire Volunteer Express Inc, a Nashville-based provider of specialized freight trucking services. |
| Levementum LLC | Cognizant Technology Solutions | | Cognizant Technology Solutions Corp agreed to acquire Levementum LLC, a Chandler-based digital marketing consultancy firm. Financial details were not disclosed. |
| Arrow Alternative Care (AAC) | Curaleaf Holdings Inc | | Curaleaf Holdings Inc of Canada planned to acquire Arrow Alternative Care (AAC) Dispensaries(3), crop farming establishment. |
| Deltix Inc | EPAM Systems Inc | | EPAM Systems Inc acquired Deltix Inc, a Natick-based developer of software. |
| Dillon Eye Care Assoc Ltd | Eye Health America LLC | | Eye Health America LLC (EHA), a unit of LLR Partners Inc, acquired Dillon Eye Care Associates Ltd, a Dillon-based optometrist's office operator. Concurrently, EHA acquired Pee Dee Eye Associates PA. |
| Pee Dee Eye Associates PA | Eye Health America LLC | | Eye Health America LLC (EHA), a unit of LLR Partners Inc, acquired Pee Dee Eye Associates PA, a Sumter-based optometrist's office operator. Concurrently, EHA acquired Dillon Eye Care Associates Ltd. |
| Sound Credit Union | Fluke Employees Federal Credit | | Fluke Employees Federal Credit Union agreed to acquire the entire share capital of Sound Credit Union, a Tacoma-based credit union, from Port of Seattle Federal Credit Union. |
| Boomerang Labs Inc | Guy & O'Neill Inc | | Guy & O'Neill Inc acquired Boomerang Laboratories Inc, a Spring Park-based manufacturer of toilet preparations. |
| NorthStar Life Services LLC | John McFarland | | John McFarland acquired NorthStar Life Services LLC, an Irvine-based provider of insurance related services, from North Channel Bank GmbH & Co KG. |
| Sentient Energy Inc | Koch Engineered Solutions | | Koch Engineered Solutions, a unit of Koch Industries Inc, acquired Sentient Energy Inc, a Burlingame-based manufacturer of electrical signals measuring and testing instruments. |
| The Ridge At Clemson | Multiversity Housing Partners | | Multiversity Housing Partners LLC acquired The Ridge At Clemson, a Clemson-based lessor of residential buildings and dwellings. |
| Catalyst Networks Inc | Perficient Inc | | Perficient Inc planned to acquire Catalyst Networks Inc, a Kennesaw-based software publisher. |
| Hilton Garden Inn, Providence, | Procaccianti Hotel Reit Inc | | Procaccianti Hotel Reit Inc acquired Hilton Garden Inn, a Providence-based hotel operator. |
| Rainier Welding Inc | Ranch Creek Partners LLC | | Ranch Creek Partners LLC acquired Rainier Welding Inc, a Redmond-based manufacturer of fabricated structural metal products, in a leveraged buyout transaction. |
| Vinca LLC | Registrar Corp | | Registrar Corp acquired Vinca LLC, an Eden Prairie-based trade school operator. Terms were not disclosed. |
| Nw Motorsport Inc | RFJ Auto Partners Inc | | RFJ Auto Partners Inc acquired Northwest Motorsport Inc, a Spokane Valley-based new car dealer. |
| Dawn Foods Inc-Frozen Bakery | Rise Baking Co | | Rise Baking Co, a unit of Olympus Partners LP, agreed to acquire frozen bakery business of Dawn Foods Inc, a Jackson-based commercial bakery. Terms of the transaction were not disclosed. |
| Captricity Inc | SS&C Technologies Holdings Inc | | SS&C Technologies Holdings Inc definitively agreed to acquire Captricity Inc, an Oakland-based software publisher. |
| Maximum Media LLC | Subsplash Inc | | Subsplash Inc planned to acquire Maximum Media LLC dba StreamSpot, a Cincinnati-based provider of content delivery platform providing live streaming services for faith-based organizations and businesses. |
| Transportation Impact LLC | The Jordan Co LP | | The Jordan Co LP acquired the entire share capital of Transportation Impact LLC, an Emerald Isle-based provider of marketing consulting services, in a leveraged buyout transaction. |
| World Triathlon Corp | Wanda Sports Group Co Ltd | | Wanda Sports Group Co Ltd of China definitively agreed to acquire the entire share capital of World Triathlon Corp, a Tampa-based provider of recreation services, from Dalian Wanda Group Co Ltd, ultimately owned by Dalian Hexing Investment Co Ltd. |
