Weekly Wrap: McDonald's, Swander Pace, Shopify

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A Mobile Order Curbside sign is displayed outside of a McDonald's Corp. fast food restaurant in Carrolton, Kentucky, U.S., on Monday, Jan. 21, 2019. McDonald's is scheduled to release earnings figures on January 30. Photographer: Luke Sharrett/Bloomberg

Target Acquirer Value ($millions) Synopsis
Aviation Capital Group LLC TC Skyward Aviation US Inc 3005.8 TC Skyward Aviation US Inc, a unit of Tokyo Century Corp, definitively agreed to acquire the remaining 75.5% interest, which it did not already own, in Aviation Capital Group LLC, a Newport Beach-based provider of aircraft leasing, trading and asset management services, from Pacific Life Insurance Co, owned by Pacific LifeCorp, for an estimated USD 3.006 billion.
United Community Financial Corp First Defiance Financial Corp, Defiance,Ohio 475.1 First Defiance Financial Corp, Defiance,Ohio (First Defiance) definitively agreed to merge with United Community Financial Corp (United Community), an Youngstown-based savings institution, in a stock swap transaction valued at USD 475. 133 million. First Defiance offered 0.3715 common shares per United Community's share. Based on First Defiance's closing stock price of USD 26. 32 on 8, September 2019, the last full trading day prior to the announcement, each United Community share was valued at USD 9.778.
DDP Specialty Electronic Materials US 9, LLC-SiC Wafer Division Sk Siltron Co Ltd 450.2 Sk Siltron Co Ltd of South Korea, a unit of SK Holdings Co Ltd, agreed to acquire the entire share capital of sic wafer division of DDP Specialty Electronic Materials US 9, LLC, a Wilmington-based manufacturer of fabricated metal products, for a total value of USD 450. 191 million in cash.
Morbark LLC Alamo Group Inc 352.0 Alamo Group Inc agreed to acquire the entire share capital of Morbark LLC, a Winn-based manufacturer of farm machinery and equipment, for an estimated USD 352 mil.
LEED Gold Laboratory Building HCP Inc 332.5 HCP Inc planned to acquire LEED Gold Laboratory Building, a Boston-based lessor of nonresidential buildings, for USD 332.5 million in cash.
KBS SOR 125 John Carpenter LLC-One Twenty Five Office Complex Keppel Pacific Oak US REIT 101.5 Keppel Pacific Oak US REIT of Singapore agreed to acquire One Twenty Five office complex of KBS SOR 125 John Carpenter LLC, a Dallas-based lessor of nonresidential buildings, for a total USD 101.5 mil.
AQUAhydrate Inc Alkaline Water Co Inc 50.8 Alkaline Water Co Inc (Alkaline) definitively agreed to merge with AQUAhydrate Inc, a Los Angeles-based manufacturer of bottled water, for a total USD 50.827 mil, in a stock swap transaction. The consideration was to consist of the issuance of 19.565 million common shares valued at USD 42.652 million and up to USD 8. 175 million in profit-related payments. The shares were valued based on Alkaline's closing stock price of USD 2. 18 on 8 September 2019, the last full trading day prior to the announcement.
Strawberry Fields Medicine Man Technologies Inc 35.7 Medicine Man Technologies Inc planned to acquire Strawberry Fields, a Colorado Springs-based drugs merchant wholesaler, for an estimated USD 35.678 million. The consideration was to consists of USD 14 million in cash and the issuance of 5.705 million in MDCL's common shares valued at USD 21.678 million. The shares were valued based on MDCL's closing stock price of USD 3. 8 on 10 September 2019, the last full trading prior to the announcement.
MB Bancorp Inc BV Financial Inc 31.1 BV Financial Inc definitively agreed to acquire the entire share capital of MB Bancorp Inc, a Forest Hill-based investment advisor, for USD 15.85 in cash per share or a total value of USD 31.076 mil.
Altruis Benefit Consulting LLC Reliance Global Group Inc 3.8 Reliance Global Group Inc (RELI) acquired Altruis Benefit Consulting LLC, a Bingham Farms-based insurance agency, for a total USD 3.779 million. The consideration consisted of USD 1.4 million in cash and the issuance of 11.9 million in common shares valued at USD 2.379 million. The shares were valued based on RELI's closing stock price of USD . 12 on 9 September 2019, the last full trading prior to the announcement.
Tenaska Alabama II Partners LP Alabama Power Co Alabama Power Co, a unit of Southern Co, agreed to acquire Tenaska Alabama II Partners LP, a Billingsley-based producer of crude petroleum and natural gas, from Tenaska Inc.
Orbit Cyber Inc Ampcus Cyber Inc Ampcus Cyber Inc acquired Orbit Cyber Inc, a Fremont-based provider of custom computer programming services.
Cosmetix West Inc Anjac SA Anjac SA of France acquired Cosmetix West Inc, an El Segundo-based cosmetics retailer.
Serna Insurance Agency Inc Arthur J Gallagher & Co Arthur J Gallagher & Co acquired Serna Insurance Agency Inc, a Humble-based insurance agency.
Cheetah Medical Inc Baxter International Inc Baxter International Inc planned to acquire Cheetah Medical Inc, a Newton Center-based manufacturer of medical instruments.
Professional Bowlers Association LLC Bowlero Corp Bowlero Corp acquired Professional Bowlers Association LLC, a Chicago-based organization. Terms were not disclosed.
Pulse Veterinary Technologies LLC Branford Castle Partners LP Branford Castle Partners LP acquired Pulse Veterinary Technologies LLC, an Alpharetta-based manufacturer of surgical appliance and supplies, in a leveraged buyout transaction. Terms were not disclosed.
Streamroot Inc CenturyLink Inc CenturyLink Inc acquired Streamroot Inc, a New York City-based provider of content delivery technologies services. Terms of the transaction were not disclosed.
Telegration Inc Cloud Service Partners Inc Cloud Service Partners Inc acquired Telegration Inc, a Clawson-based wired telecommunications carrier.
Sitari Pharmaceuticals Inc GlaxoSmithKline PLC GlaxoSmithKline PLC of the UK definitively agreed to acquire Sitari Pharmaceuticals Inc, a San Diego-based manufacturer of pharmaceutical preparation, from Avalon Ventures Ltd, owned by Avalon Rare Metals Inc. Terms were not disclosed.
Libosoils LLC Grandshores Technology (Hong Kong) Ltd Grandshores Technology (Hong Kong) Ltd of Hong Kong, a unit of Grandshores Technology Group Ltd, planned to acquire the remaining stake, which it did not already own, in Libosoils LLC, a Culver-based manufacturer of organic chemicals, in the formation of a joint venture.
Red Pill Analytics Innive Inc Innive Inc acquired Red Pill Analytics, an Atlanta-based provider of data processing and hosting services.
Rebound Therapeutics Corp Integra LifeSciences Holdings Corp Integra LifeSciences Holdings Corp acquired Rebound Therapeutics Corp, an Irvine-based manufacturer of medical instruments.
Mikes Flooring Co Interior Logic Group Inc Interior Logic Group Inc, a unit of Platinum Equity LLC, acquired Mikes Flooring Co, a Chantilly-based flooring contractor.
Symantec Corp Investor Group An investor group, comprised of Permira Holdings Ltd and Advent International Corp was rumored to be planning to acquire the entire share capital of Symantec Corp, a Mountain View-based software publisher. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 16 billion.
CarVal Investors LLC Investor Group An investor group comprised of employees, including its managing principals, chief financial officer and general counsel agreed to acquire CarVal Investors LLC, a Hopkins-based investment advisor, from Cargill Inc. Terms were not disclosed.
Heads Up Technologies Inc JLL Partners Inc JLL Partners Inc acquired Heads Up Technologies Inc, a Dallas-based manufacturer of measuring, displaying and controlling variables instruments and related products, from Luther King Capital Management Corp, in a leveraged buyout transaction.
PRO-VISION Video Systems JMC Capital Partners LLC JMC Capital Partners LLC acquired PRO-VISION Video Systems, a Byron-based provider of security systems services.
Corteva Inc-Bensulfuron-Methyl Business Kumiai Chemical Industry Co Ltd Kumiai Chemical Industry Co Ltd of Japan agreed to acquire Bensulfuron-Methyl business of Corteva Inc, a Wilmington-based provider of landscaping services.
Apprente Inc McDonald's Corp McDonald's Corp planned to acquire Apprente Inc, a Palo Alto-based software publisher.
Vivis Corp Neutra Corp Neutra Corp acquired Vivis Corp, a Sugar Land-based food supplement products retailer. Terms were not disclosed.
G&L Manufacturing Inc O'Neal Industries Inc O'Neal Industries Inc acquired G&L Manufacturing Inc, a Cookeville-based manufacturer of metal products.
Exxon Mobil Corp-Gulf Of Mexico Assets Repsol SA Repsol SA of Spain was rumored to be planning to acquire gulf of mexico assets of Exxon Mobil Corp, a Spring-based petroleum refinery operator. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at USD 1 billion.
Paragon Intl Construction Consulting LLC Sentinel Real Estate Group Sentinel Real Estate Group acquired the entire share capital of Paragon Intl Construction Consulting LLC, an Irvine-based provider of construction consulting services. On completion, the merged entity was named CREDE.
6 River Systems Inc Shopify Inc Shopify Inc of Canada acquired 6 River Systems Inc, a Waltham-based provider of computer systems design services.
Social Coup LLC Skift Inc Skift Inc acquired Social Coup LLC, a Henderson-based publisher of events industry blogs and reports.
Royal Truck Body Spartan Motors Inc Spartan Motors Inc acquired Royal Truck Body, a Carson-based manufacturer of industrial load moving machinery.
Wisdom Physical Therapy Inc Spine & Sport Physical Therapy LLC Spine & Sport Physical Therapy LLC, a unit of CORA Health Services Inc, acquired Wisdom Physical Therapy Inc, an El Centro-based therapist's office operator.
Schultz Roofing & Supply Co SRS Distribution Inc SRS Distribution Inc, a unit of Berkshire Partners LLC, acquired Schultz Roofing & Supply Co, a Saint Joseph-based roofing, siding and insulation material merchant wholesaler.
McNally Industries LLC Susquehanna Private Capital LLC Susquehanna Private Capital LLC acquired McNally Industries LLC, a Grantsburg-based manufacturer of aircraft engines and engine parts, from Gardner Standard LLC, in a leveraged buyout transaction.
Cafe Valley Inc Swander Pace Capital LLC Swander Pace Capital LLC acquired Cafe Valley Inc, a Phoenix-based manufacturer of foods.
Ventiv Technology Inc Tailwind Capital Partners LP Tailwind Capital Partners LP acquired Ventiv Technology Inc, a Chicago-based provider of custom computer programming services, in a leveraged buyout transaction.
Conagra Brands-Direct Store Delivery Snacks Business Utz Quality Foods LLC Utz Quality Foods LLC definitively agreed to acquire the direct store delivery snacks business of Conagra Brands, an Omaha-based producer, wholesaler and retailer of food products. Financial terms were not disclosed.
Nielsen Holdings PLC-Music Business Valence Media Group Valence Media Group, a unit of Billboard-Hollywood Reporter Media Group, was rumored to be planning to acquire the music business of Nielsen Holdings PLC.
StoneRidge Advisors LLC Waller Helms Advisors Waller Helms Advisors acquired StoneRidge Advisors LLC, a New York-based investment bank.
Eden Creamery LLC-Halo Top Portfolio Wells Enterprises Inc Wells Enterprises Inc agreed to acquire halo top portfolio of Eden Creamery LLC, a West Hollywood-based manufacturer of creamery butter. Terms were not disclosed.
Kazan Networks Corp Western Digital Corp Western Digital Corp acquired Kazan Networks Corp, a Roseville-based manufacturer of computer storage devices.
US M&A Deals Announced September 6 to 12, 2019
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