| US M&A Deals Announced June 19 to 25, 2020 | | | |
| Target | Acquirer | Value ($millions) | Synopsis |
| Pionyr Immunotherapeutics Inc | Gilead Sciences Inc | 1465.0 | Gilead Sciences Inc (Gilead) was granted an option to acquire the remaining 50.1% interest, which it did not already own, in Pionyr Immunotherapeutics Inc (Pionyr), a San Francisco-based manufacturer of biological products, for an estimated $1.465 billion. The consideration was to consist of $315 million and up to $1.15 billion in profit-related payments. Concurrently, Gilead planned to acquire the 49.9% stake in Pionyr. |
| ArcherDX Inc | Invitae Corp | 1391.5 | Invitae Corp (Invitae) definitively agreed to merge with ArcherDX Inc, a Boulder-based provider of biotechnology research and development services, for a total $1.391 billion. The consideration was to consist of $325 million in cash, issuance of $30 million in common shares valued at $561.3 mil, and up to $505. 17 million in profit-related payments. The shares were valued based on Invitae' closing stock price of $18. 71 on 19 June 2020, the last full trading day prior to the announcement. |
| Hyliion Inc | Tortoise Acquisition Corp | 1000.0 | Tortoise Acquisition Corp (Tortoise) definitively agreed to merge with Hyliion Inc, a Cedar Park-based manufacturer of motors and generators, for $1 billion in Tortoise common stock, in a stock swap transaction. Upon completion, the merged entity was to be named Hyliion Holdings Corp. |
| Finicity Corp | Mastercard Inc | 985.0 | Mastercard Inc agreed to acquire Finicity Corp, a Salt Lake City-based software publisher, for $985 million. The consideration was to consist of $825 million and up to $160 million in profit- related payments. |
| F45 Training Hldg Inc | Crescent Acquisition Corp | 841.7 | Crescent Acquisition Corp (Crescent) definitively agreed to acquire the entire share capital of F45 Training Holdings Inc (F45), an El Segundo-based fitness and recreational sports center operator, for $841.7 mil, in a stock swap transaction. The consideration was to consist of $202 million in cash, $526 million in new Crescent common shares, plus up to $113.7 million in profit related payments. Originally, in June 2020, Crescent was rumored to be planning to acquire the entire share capital of F45. |
| Advanced & Waste-Assets | GFL Environmental Inc | 835.0 | GFL Environmental Inc of Canada agreed to acquire assets of Advanced Disposal & Waste Management, a Houston-based provider of solid waste collection services, for $835 million. The transaction was conditioned upon the completion of the merger of Waste Management Inc and Advanced Disposal Services Inc. |
| Eos Energy Storage LLC | B Riley Principal Merger II | 290.0 | B Riley Principal Merger Corp II, a unit of B Riley Principal Sponsor Co LLC, signed a Letter of Intent {LoI} to acquire the entire share capital of Eos Energy Storage LLC, an Edison-based manufacturer of storage batteries, from Holtec International Corp, for a total $290 million. Upon completion, Eos Energy Storage LLC was to be publicly listed. |
| Constellation-Paul Masson | Sazerac Co Inc | 255.0 | Sazerac Co Inc agreed to acquire Paul Masson Grande Amber Brandy of Constellation Brands Inc, a Victor-based winery, for an estimated $255 mil. |
| MRDCT-U US Data Centres(14) | DBS Trustee Ltd | 210.9 | DBS Trustee Ltd of Singapore, a unit of Mapletree Industrial Trust, agreed to acquire the remaining 60% interest, which it did not already own, in 14 undisclosed US data centres of Mapletree Redwood Data Centre Trust, a Singapore-based lessor of nonresidential buildings, jointly owned by Mapletree Investments Pte Ltd and Mapletree Industrial Trust, for a total $210.9 mil. |
| Vricon Inc | Maxar Technologies Inc | 140.0 | Maxar Technologies Inc intended its option to acquire Vricon Inc, a Reston-based manufacturer of wireless communications equipment, jointly owned by DigitalGlobe Inc and Saab AB, for a total $140 mil. |
| Artegraft Inc | LeMaitre Vascular Inc | 90.0 | LeMaitre Vascular Inc acquired Artegraft Inc, a North Brunswick-based manufacturer of medical instruments, for a total $90 million. The consideration was consisted of $72.5 million in cash, and up to $17.5 million in profit-related payments. |
| Tides At S Tempe Manager Llc | Investor Group | 71.5 | An investor group, comprised of FCP Fund Manager LLC and Tides Equities LLC acquired Tides At South Tempe Manager LLC, a Los Angeles-based lessor of residential buildings and dwellings, from The Robinson Group LLC, for a total $71.5 mil. |
| Giner ELX Inc | Plug Power Inc | 55.5 | Plug Power Inc (Plug) acquired the entire share capital of Giner ELX Inc, a Newton-based manufacturer of motors and generators, for a total $55.451 million. The consideration consisted of 3. 458 million common shares or a total value of $18.951 mil, $20.5 million in cash plus up to $16 million in profit- related payments. The shares were valued based on Plug's closing stock price of $5. 48 on 21 June 2020, the last full trading day prior to the announcement. |
| New Energy Solar - Plant,CA | NextPower III Solar Fund | 52.0 | NextPower III International Solar Fund of the UK, a unit of NextEnergy Capital Ltd, agreed to acquire a 50% ownership interest in Mount Signal Plant 2 of New Energy Solar, a North Sydney-based electric power generation facility operator, for a total $52 million. Originally, in November 2019, New Energy Solar Ltd announced that it was seeking a buyer for 50% ownership interest in its Mount Signal Plant 2. |
| The Plaza At Chapel Hill | Investor Group | 46.0 | An investor group, comprised of Dragonfly Investments LLC, America's Realty LLC and Borough Equities acquired The Plaza at Chapel Hill, a Cuyahoga Falls-based supermarket operator, from Institutional Property Advisors, ultimately owned by Marcus & Millichap Inc, for a total $46 million. The transaction was to include Burlington and Akron Power Center. |
| Garrison Capital Inc | Portman Ridge Finance Corp | 19.1 | Portman Ridge Finance Corp (PTMN) definitively agreed to acquire the entire share capital of Garrison Capital Inc (GARS), a New York-based business development company, for a $1.19 per share or a total value of $19.1 million. The consideration was to consist of $19.1 in cash plus undisclosed PTMN common shares. Upon completion, PTMN and GARS were to own 58.4% and 41.6% of the combined entity, respectively. |
| RK Center II,Marlborough,MA | RK Centers Inc | 8.6 | RK Centers Inc acquired RK Center II, a Marlborough-based lessor of nonresidential buildings, for a total $8.6 mil. |
| Pennsylvania REIT-Ppty(4) | Four Corners Property Trust | 6.8 | Four Corners Property Trust Inc acquired 4 property portfolio of Pennsylvania Real Estate Investment Trust, a Philadelphia-based lessor of real estate property, for a total $6.8 mil. |
| Big O Tires-Ppty | Four Corners Property Trust | 2.7 | Four Corners Property Trust Inc planned to acquire property of Big O Tires, an Englewood-based automotive parts and accessories retailer, for a total $2.7 mil. |
| Bobit Bus Media-Division | 10 Missions Media LLC | | 10 Missions Media LLC acquired automotive aftermarket division of Bobit Business Media Inc, a Torrance-based internet portal operator, ultimately owned by Gemspring Capital LLC. |
| Nuwave Solutions | AE Industrial Partners LP | | AE Industrial Partners LP acquired an undisclosed majority interest in NuWave Solutions, a McLean-based provider of custom computer programming services, in a leveraged buyout transaction. |
| Cummings Ristau & Assoc PC | Anders Minkler & Diehl LLP | | Anders Minkler & Diehl LLP the entire share capital of Cummings Ristau & Associates PC, a St. Louis-based certified public accountant's office. |
| Fleetsmith Inc | Apple Inc | | Apple Inc acquired Fleetsmith Inc, a San Francisco-based developer of software for device application management, settings and security preferences. |
| WorkWise LLC | Aptean Inc | | Aptean Inc, a unit of Vista Equity Partners LLC, acquired WorkWise LLC, a Menomonee Falls-based software publisher. |
| Barrett Liner & Buss LLC | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired Barrett Liner & Buss LLC, an Ocala-based provider of employee benefits services. Terms were not disclosed. |
| Cunnington & Associates Inc | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired Cunnington & Associates Inc, a Meridian-based insurance agency. Terms of the transaction were not disclosed. |
| Paladion Inc | Atos SE | | Atos SE of France agreed to acquire Paladion Inc, a Reston-based provider of computer systems design services. |
| Atalo Hldg Inc | AVF CBD LLC | | AVF CBD LLC acquired Atalo Holdings Inc, a Winchester-based provider of biotechnology research and development services. Terms were not disclosed. |
| Narcotic Addiction Treatment | BayMark Mgmt Svcs Inc | | BayMark Management Services Inc acquired Narcotic Addiction Treatment Agency, a Sun Valley-based family-owned outpatient mental health and substance abuse center operator. |
| Verilux Inc | Bear Down Brands | | Bear Down Brands acquired Verilux Inc, a Waitsfield-based manufacturer of industrial machinery. |
| PenBay Solutions LLC | Cartegraph Systems LLC | | Cartegraph Systems LLC acquired PenBay Solutions LLC, a Brunswick-based software publisher. |
| Waypoint Advisors LLC | Cary Street Partners LLC | | Cary Street Partners LLC, a unit of Cary Street Partners Financial LLC, definitively agreed to acquire Waypoint Advisors LLC, a Virginia Beach-based investment advisor. Terms of the transaction were not disclosed. |
| Citra Health Solutions Inc | Cedar Gate Technologies LLC | | Cedar Gate Technologies LLC, a unit of GTCR LLC, acquired Citra Health Solutions Inc, a Morrisville-based software publisher, from Great Point Partners LLC. |
| WhiteStar Asset Management LLC | Clearlake Capital Group LP | | Clearlake Capital Group LP, a unit of Reservoir Capital Group LLC, acquired an undisclosed majority interest in WhiteStar Asset Management LLC, a Dallas-based portfolio manager, from Pine Brook Partners LLC, in a leveraged buyout transaction. The terms of the transaction are not disclosed. |
| AnswerDash Inc | Cloudengage Inc | | CloudEngage Inc acquired AnswerDash Inc, a Seattle-based provider of AI powered self-service support and ecommerce solutions. Terms of the deal were not disclosed. |
| TWC Refrigeration Inc | CoolSys Inc | | CoolSys Inc, a unit of Ares Management LP, acquired TWC Refrigeration Inc, a Colchester-based plumbing, heating and air-conditioning contractor. |
| Sunrise Advisors Inc | Creative Planning Inc | | Creative Planning Inc acquired Sunrise Advisors Inc, a Leawood-based investment advisor. |
| Biobright LLC | Dotmatics Ltd | | Dotmatics Ltd of the UK acquired Biobright LLC, a Boston-based provider of biotechnology research and development services. |
| IDX LLC | Elm Street Technology LLC | | Elm Street Technology LLC acquired IDX LLC, an Eugene-based internet portal operator. |
| Crossfit Inc | Eric Roza | | Eric Roza planned to acquire Crossfit Inc, a Washington-based fitness and recreational sports center operator. |
| Footage Firm Inc | Great Hill Partners LP | | Great Hill Partners LP agreed to acquire Footage Firm Inc, an Arlington-based provider of data processing and hosting services, in a leveraged buyout transaction. |
| Enhanced Telecommun Corp | Great Plains Commun Inc | | Great Plains Communications Inc, a unit of Grain Management LLC, definitively agreed to acquire Enhanced Telecommunications Corp, a Sunman-based wired telecommunications carrier. The financial terms of the acquisition have not been disclosed. |
| The Grove at Stapleton | Greystar Investment Group LLC | | Greystar Investment Group LLC acquired The Grove at Stapleton, a Denver-based owner and operator of senior living apartment communities, from The Carlyle Group LLC, owned by The Carlyle Group LP. |
| Corporate Business Solutions | Group Management Services Inc | | Group Management Services Inc acquired Corporate Business Solutions Inc, a Marietta-based provider of human resources outsourcing services. |
| Care Terminal,Houston,Texas | Gulf Stream Marine Inc | | Gulf Stream Marine Inc (Gulf Stream), a unit of Logistec Corp, planned to acquire Care Terminal, a Houston-based provider of port and harbor operation services, from Coastal Cargo Co LLC. Concurrently, Gulf Stream planned to acquire Port of Pascagoula, a Pascagoula-based provider of port and harbor operation services, from Gulf Coast Storage Inc. |
| Port of Pascagoula,Mississippi | Gulf Stream Marine Inc | | Gulf Stream Marine Inc (Gulf Stream), a unit of Logistec Corp, planned to acquire Port of Pascagoula, a Pascagoula-based provider of port and harbor operation services, from Gulf Coast Storage Inc. Concurrently, Gulf Stream planned to acquire Care Terminal, a Houston-based provider of port and harbor operation services, from Coastal Cargo Co LLC. |
| Nationwide Gutter LLC | Installed Building Products | | Installed Building Products Inc acquired Nationwide Gutter LLC, a Carrollton-based siding contractor. |
| Shift Technologies Inc | Insurance Acquisition Corp | | Insurance Acquisition Corp was rumored to be planning merge with Shift Technologies Inc, a San Francisco-based provider of e- commerce services. |
| Resource America Inc-Cert | Investor Group | | An investor group, comprised of BC Partners LLP and Mount Logan Capital Inc planned to acquire certain assets of Resource America Inc, a Philadelphia-based provider of financial investment services, owned by C-III Capital Partners LLC. |
| HealthPlanOne LLC | Lightyear Capital LLC | | Lightyear Capital LLC agreed to acquire an undisclosed majority interest in HealthPlanOne LLC, a Trumbull-based direct health and medical insurance carrier, in a leveraged buyout transaction. |
| Westone Laboratories Inc | Lucid Audio LLC | | Lucid Audio LLC acquired Westone Laboratories Inc, a Colorado Springs-based manufacturer of navigational, measuring, electromedical and control Instruments, from HealthEdge Investment PartnersLLC. |
| AirportParkingReservations.com | Manchester Airport Group PLC | | Manchester Airport Group PLC of the UK acquired AirportParkingReservations. com Inc, a Santa Monica-based provider of online airport parking reservation services. The transaction included ParkSleepFly Inc. |
| Ecrion Software | MHC Software Inc | | MHC Software Inc, a unit of Strattam Capital LLC, acquired Ecrion Software, a Rockville-based software publisher. |
| CMPG LLC | Mitratech Holdings Inc | | Mitratech Holdings Inc, a unit of TA Associates Management LP, acquired CMPG LLC, a Blue Ash-based provider of software services. |
| Precision Design Svcs-Fiber | Nat Tech LLC | | Nat Tech LLC, a unit of NTI Connect LLC, acquired the fiber network engineering business of Precision Design Services Inc, a Morris Plains-based provider of engineering services. |
| Woodlands On Lafayette | National Church Residences | | National Church Residences acquired Woodlands On Lafayette, a Middletown-based provider of services for the elderly and persons with disabilities. |
| analytic.li LLC | Novi Grp Llc | | Novi Group LLC acquired analytic.li LLC, an Indianapolis-based provider of workforce analytics services. |
| Clearview Centers LLC | Odyssey Behavioral Healthcare | | Odyssey Behavioral Healthcare LLC, a unit of Nautic Partners LLC, acquired Clearview Centers LLC, a Venice-based outpatient mental health and substance abuse center operator. |
| Lookout Pointe Apartments,UT | Orion Re Partners Llc | | Orion Real Estate Partners LLC acquired Lookout Pointe Apartments, a Provo-based lessor of residential buildings and dwellings. |
| Rbmedia-Lbrry Bus & RBDigital | OverDrive Inc | | OverDrive Inc, a unit of KKR Americas II Fund, planned to acquire library business & rbdigital of RBMedia, a Landover-based producer and distributor of records, owned by KKR & Co LP. |
| ActivePDF Inc | PDFTron Systems Inc | | PDFTron Systems Inc of Canada acquired ActivePDF Inc, a Mission Viejo-based developer of PDF software. |
| LEDVANCE-U Ind Ppty(4) | Phoenix Investors LLC | | Phoenix Investors LLC acquired 4 undisclosed industrial properties of LEDVANCE GmbH, a Garching-based manufacturer of lighting products, ultimately owned by MLS Co Ltd. |
| G&W Labs Inc- Oral Dosage | Piramal Enterprises Ltd | | Piramal Enterprises Ltd of India planned to acquire oral dosage drug manufacturing facility of G&W Laboratories Inc, a South Plainfield-based manufacturer of pharmaceutical preparation. |
| ProLawn Inc | ProGreen International Inc | | ProGreen International Inc, a unit of Specialty Surfaces International Inc, acquired ProLawn Inc, a Wildomar-based fitness and recreational sports center operator. The terms of the transaction were not disclosed. |
| Alliance Labs LLC | Quest Products Inc | | Quest Products Inc acquired the entire share capital of Alliance Labs LLC, a Phoenix-based manufacturer of pharmaceutical preparation. Terms were not disclosed. |
| Made In Space Inc | Redwire | | Redwire, a unit of AE Industrial Partners LP, acquired Made In Space Inc, a Jacksonville-based manufacturer of aircraft parts and auxiliary equipment. Terms were not disclosed. |
| Somna Therapeutics LLC | Respiratory Tech Corp | | Respiratory Technology Corp acquired Somna Therapeutics LLC, a Germantown-based manufacturer of medical instruments. |
| American Safety Council Inc | Ridgemont Partners Management | | Ridgemont Partners Management LLC acquired American Safety Council Inc, an Orlando-based provider of business support services, from Falfurrias Capital Partners LLC, in a leveraged buyout transaction. |
| All Risks Ltd | Ryan Specialty Group LLC | | Ryan Specialty Group LLC definitively agreed to merge with All Risks Ltd, a Hunt Valley-based insurance agency, from Reel Media LLC, owned by FFI Holdings PLC. Terms of the transaction were not disclosed. |
| Sthrntr Bancshares Inc | South Porte Bank | | South Porte Bank acquired Southerntrust Bancshares Inc, a Goreville-based commercial bank. |
| Medical Delivery Services Inc | Strategic Delivery Solutions | | Strategic Delivery Solutions LLC, a unit of HCI Equity Partners LLC, acquired Medical Delivery Services Inc, a Tampa-based provider of transportation services. Financial terms of the transaction were not disclosed. |
| moovel North America LLC | Strategic Mapping Inc | | Strategic Mapping Inc of Canada acquired moovel North America LLC, a Portland-based software publisher, jointly owned by Bayerische Motoren Werke AG and Daimler AG. Terms of the transaction were not disclosed. |
| Hatch Loyalty | Stuzo Llc | | Stuzo LLC acquired Hatch Loyalty, a Chicago-based online retailer. |
| Sugarmate Inc | Tandem Diabetes Care Inc | | Tandem Diabetes Care Inc acquired Sugarmate Inc, a New York-based reproducer of software. Terms were not disclosed. |
| Sigfox USA-Technological | The Phoenix Fund LLC | | The Phoenix Fund LLC of Puerto Rico acquired technological platform of Sigfox USA, a Boston-based provider of internet service, in a leveraged buyout transaction. |
| Metabolic Technologies | TSI Group Inc | | TSI Group Inc, a unit of B/E Aerospace Inc, acquired Metabolic Technologies LLC, a Missoula-based manufacturer of pharmaceutical preparation. |
| Autism Therapy Svcs Llc | VAV Operations MI LLC | | VAV Operations MI LLC acquired Autism Therapy Services LLC, an Anderson-based owner and operator of health specialist's office. |
| Isla Antigua | West Shore LLC | | West Shore LLC acquired Isla Antigua, a Saint Augustine-based lessor of residential buildings and dwellings. |
| Corbett Tech Solutions Inc | Wind Point Partners LLC | | Wind Point Partners LLC acquired Corbett Technology Solutions Inc, a Chantilly-based manufacturer of audio and video equipment, from Tower Arch Capital LLC, in a leveraged buyout transaction. |
| Fango LLC | Yabb | | Yabb of Australia, a unit of Baycall Pty Ltd, acquired Fango LLC, a San Francisco-based provider of marketing platform. |
| Benefits Administration Inc | Zenith American Holding Inc | | Zenith American Holding Inc acquired Benefits Administration Inc, a Baltimore-based direct health and medical insurance carrier. |
| Hydra-Zorb Co | ZSI-Foster Inc | | ZSI-Foster Inc, a unit of Ideal Clamp Products Inc, acquired Hydra-Zorb Co, an Auburn Hills-based manufacturer of industrial fasteners. Terms were not disclosed. |
