TargetAcquirerValue ($millions)Synopsis
INSUL-TAB IncPexco LLCAEA Investors LP’s unit Pexco LLC acquired INSUL-TAB Inc, a Woburn-based rubber products manufacturer.
Roll-Rite LLCSafe Fleet Holdings LLCOak Hill Capital Partners LP’s unit Safe Fleet Holdings LLC acquired Roll-Rite LLC, a Gladwin-based manufacturer of electric tarp systems and components for the trucking industry, from Argosy Capital and Capital Partners Inc.
API Defense USA IncKitron Inc15.9Kitron ASA’s unit Kitron Inc definitively agreed to acquire the entire share capital of API Defense USA Inc, a Windber-based electronic components manufacturer, for USD 15.9 mil in cash from API Technologies Corp, ultimately owned by JF Lehman & Co.
Q-Centrix LLCTPG Growth LLCTPG Capital LP’s unit TPG Growth LLC acquired Q-Centrix LLC, a Portsmouth-based provider of data processing and hosting services, from Sterling Capital Ltd via a leveraged buyout transaction.
Pugatch Realty CorpLaffey International Realty LLCBerkshire Hathaway Homeservices Inc’s unit Laffey International Realty LLC merges with Pugatch Realty Corp, a Woodmere-based real estate agency.
Strategic Hospital Resources IncSmith Seckman Reid IncSmith Seckman Reid Inc acquired Strategic Hospital Resources Inc, an Atlanta-based provider of medical equipment consulting services.
Thomas F Leo LS PCJoe Hunt & Associates IncJoe Hunt & Associates Inc acquired Thomas F. Leo LS PC, a Delhi-based provider of surveying and mapping services.
South Jersey Energy Co-Retail Natural Gas Business & Open Flow EnergyUGI Energy Services LLCUGI Corp’s unit UGI Energy Services LLC acquired the retail natural gas business & open flow energy of South Jersey Energy Co, a Folsom-based electric power distributor ultimately owned by South Jersey Industries Inc.
PEC Safety Operations LLCThoma Bravo LLCThoma Bravo LLC acquired a majority interest in PEC Safety Operations LLC, a Mandeville-based software publisher, via a leveraged buyout transaction.
Yucatan Foods LPApio Inc80.0Landec Corp’s unit Apio Inc acquired the entire share capital of Yucatan Foods LP, a Los Angeles-based avocado products producer, for about USD 80 mil in cash. The consideration consisted of USD 60 mil in cash and USD 20 mil in common shares.
Apple Valley Waste Service IncGold Medal Group LLCKinderhook Industries LLC’s unit Gold Medal Group LLC acquired Apple Valley Waste Service Inc, a Kearneysville-based provider of hazardous waste treatment and disposal services.
Keystone Consolidated Industries IncLiberty Steel USA320.0Liberty House Ltd’s unit Liberty Steel USA definitively agreed to acquire the entire share capital of Keystone Consolidated Industries Inc, a Dallas-based steel products manufacturer, from Contran Corp for USD 320 mil.
Gro Solutions IncQ2 Holdings IncQ2 Holdings Inc acquired Gro Solutions Inc, an Atlanta-based software publisher.
Parata Systems LLCTCGRxTCGRx merges with Parata Systems LLC, a Durham-based provider of computer systems design services.
Tablet IncMichelin North America IncMichelin North America Inc, a unit of Compagnie Generale des Etablissements Michelin SCA, acquired Tablet Inc, a New York-based internet service provider.
Tesaro IncGlaxoSmithKline PLC4,319.0GlaxoSmithKline PLC of the UK definitively agreed to acquire the entire share capital of Tesaro Inc, a Waltham-based biopharmaceuticals manufacturer, for USD 75 in cash per share or a total of USD 4.319 bil via tender offer. The offer was conditional upon at least 50% of the shares being tendered. Originally, in May 2017, Tesaro was rumored to be seeking a buyer for the company.
Thorntons IncThorntons Inc SPVThorntons Inc SPV, a special purpose acquisition vehicle by ArcLight Capital Partners LLC and BP PLC, agreed to acquire Thorntons Inc, a Louisville-based owner and operator of gasoline stations with convenience stores, via a leveraged buyout transaction. Originally, in June 2018, Thorntons was rumored to be seeking a buyer for the company, with Marathon Petroleum Corp and 7-Eleven named as potential bidders.
Tribune Media CoNexstar Media Group Inc6,400.0Nexstar Media Group Inc definitively agreed to acquire the entire share capital of Tribune Media Co, a Chicago-based television broadcasting company, for USD 6.4 bil. The consideration would consist of USD 46.5 in cash per share or a total of USD 4.130 bil and the assumption of USD 2.241 bil in liabilities plus USD 28.371 mil/options. Originally, In September 2018, Tribune was rumored to be seeking a buyer for the entire share capital of the company, with Apollo Global Management LLC, Nexstar Media Group, Byron Allen, Ion Media, Hicks Equity Partners, Cerberus Capital, and Northwest Broadcasting LP named as potential bidders.
MightyHive IncS4 Capital PLCS4 Capital PLC of the UK plans to acquire MightyHive Inc, a San Francisco-based provider of marketing consulting services. Originally, in November 2018, S4 was rumored to be planning to acquire MightyHive.
EllisLab IncDigital Locations IncDigital Locations Inc definitively agreed to acquire the entire share capital of EllisLab Inc, a Beaverton-based provider of data processing and hosting services.
Navistar Defense LLCCerberus Capital Management LPCerberus Capital Management LP agreed to acquire a 70% stake in Navistar Defense LLC, a Lisle-based tactical wheeled vehicles manufacturer, via a leveraged buyout transaction from Navistar Inc, ultimately owned by Navistar International Corp.
845 Unit Acacia Portfolio,Phonenix,ArizonaGreystar Real Estate Partners LLCGreystar Real Estate Partners LLC acquired the 845-unit Acacia Portfolio in Phoenix.
KBK Insurance Group IncNSM Insurance Group IncABRY Partners LLC’s unit NSM Insurance Group Inc acquired KBK Insurance Group Inc, a Harahan-based insurance agency.
Nuvera Fuel Cells Inc-PowerTap Hydrogen Generator AssetsOneH2 IncOneH2 Inc definitively agreed to acquire the PowerTap hydrogen generator assets of Nuvera Fuel Cells Inc, a Billerica-based manufacturer of fuel cell power and hydrogen generation products ultimately owned by Hyster-Yale Materials Handling Inc.
Arran Isle IncPatrick Industries Inc54.0Patrick Industries Inc acquired Arran Isle Inc, an Elkhart-based hardware manufacturer, from Arran Isle Ltd for about USD 54 mil. The transaction included LaSalle Bristol.
Aircraft Performance Group IncLiberty Hall Capital Partners LPLiberty Hall Capital Partners LP acquired Aircraft Performance Group Inc, a Castle Rock-based provider of commercial transportation equipment rental and leasing services, via a leveraged buyout transaction.
Road Dog Drivers LLCProfessional Drivers of Georgia IncProfessional Drivers of Georgia Inc, a unit of EmployBridge Inc, acquired Road Dog Drivers LLC, a Cornelius-based provider of recruiting services.
Schenck SCCliftonLarsonAllen LLPCliftonLarsonAllen LLP plans to merge with Schenck SC, an Appleton-based provider of accounting and business consulting services.
TripleCare IncCuravi Health IncCuravi Health Inc acquired TripleCare Inc, a Long Island City-based provider of ambulatory health care services, from Apple Tree Partners.
Connectics LLCWorkForceConnexion Recruiting Solutions LLCWorkForceConnexion Recruiting Solutions LLC acquired Connectics LLC, an Atlanta-based provider of human resources and executive search consulting services.
Phynexus IncBiotage AB21.6Biotage AB of Sweden agreed to acquire the entire share capital of Phynexus Inc, a San Jose-based provider of biotechnology research and development services, for about USD 21.601 mil. The consideration will consist of an estimated USD 4.9 mil in cash, issuance of 0.487 mil common shares and an estimated USD 10 mil in profit-related payments. The shares were valued based on Biotage’s closing stock price of USD 13.760 on 3 December 2018, the last full trading day prior to the announcement.
Parker Hannifin Corp-Energy Grid Tie DivisionLS Industrial Systems Co LtdLS Industrial Systems Co Ltd of South Korea acquired the Energy Grid Tie division of Parker Hannifin Corp, a Cleveland-based manufacturer of motion and control technologies.
Gebbs Healthcare Solutions IncChrysCapital Management CoChrysCapital Management Co of Mauritius acquired an 80% stake in Gebbs Healthcare Solutions Inc, a Culver City-based provider of ambulatory health care services, via a leveraged buyout transaction.
Megastir Technologies LLCMazak CorpMazak Corp acquired Megastir Technologies LLC, a Provo-based fabricated metal products manufacturer.
Daily Jefferson County UnionAdams Publishing Group LLCAdams Publishing Group LLC acquired Daily Jefferson County Union, a Fort Atkinson-based newspaper publisher.
Revere GasQuarles Petroleum IncQuarles Petroleum Inc agreed to acquire Revere Gas, an Oilville-based petroleum refinery operator.
Schneider Energy ConsultingSummit Energy ServicesWaste Management Inc’s unit Summit Energy Services definitively agreed to merge with Schneider Energy Consulting, a Fort Morgan-based provider of oil and gas drilling services.
American Stainless Tubing IncSynalloy Corp28.0Synalloy Corp definitively agreed to acquire American Stainless Tubing Inc, a Troutman-based manufacturer of steel pipes and tubes, for about USD 28 mil and profit-related payment.
Acquired IO Incadjust GmbHadjust GmbH of Germany bought Acquired.io, a Foster City-based software publisher.
Trusource LabsEverise Holdings Pte LtdEverise Holdings Pte Ltd of Singapore, jointly owned by Everstone Capital Partners III LP and Sunrise BPO Services Pte Ltd, agreed to acquire Trusource Labs, an Austin-based provider of administrative management and general management consulting services.
Caliber Collision Centers IncABRA Auto Body & Glass LPHellman & Friedman LLC’s unit ABRA Auto Body & Glass LP definitively agreed to merge with Caliber Collision Centers Inc, a Lewisville-based provider of automotive surfaces repair and maintenance services, via a leveraged buyout transaction from OMERS Private Equity Inc, ultimately owned by Ontario Municipal Employees Retirement System and Leonard Green & Partners LP.
Gesa Credit UnionInspirus Credit UnionInspirus Credit Union plans to acquire the remaining stake it does not already own Richland-based in Gesa Credit Union.
OncoMed Pharmaceuticals IncMereo BioPharma Group PLC57.3Mereo BioPharma Group PLC of the UK plans to merge with OncoMed Pharmaceuticals Inc, a Redwood City-based biological products manufacturer, for approximately 23.7 mil in new Mereo ordinary shares or an estimated USD 57.269 mil via a stock swap transaction. The shares were valued based on Mereo’s closing stock price of USD 2.416 on 4 December 2018, the last full trading day prior to the announcement. Upon completion of the deal, Mereo and OncoMed shareholders would respectively own 75% and 25% of the merged entity.
TFC Communication USA IncSuzhou TFC Optical Communication Co LtdSuzhou TFC Optical Communication Co Ltd of China plans to acquire the entire share capital of TFC Communication USA Inc, a manufacturer of electronic components, from Liping Li for a nominal consideration of USD 100 in cash.
Dakine Hawaii Inc-Operating AssetsJR286 IncJR286 Inc acquired the operating assets of Dakine Hawaii Inc, a Hood River-based manufacturer of sporting and athletic goods ultimately owned by Altamont Capital Partners LLC.
Dakine IncMarquee Brands LLCNeuberger Berman Group LLC’s unit Marquee Brands LLC acquired Dakine Inc, a Hood River-based wholesaler of outdoor sports gear and accessories.
Elliot Plaza,Seattle,WashingtonThe Sterling Organization LLC11.7The Sterling Organization LLC acquired Elliot Plaza, a 50,678-sq ft shopping center in Seattle, for USD 11.65 mil via a leveraged buyout transaction.
Southport Logistics Park,Dallas Fort Worth,TexasLogistics Property Co LLCLogistics Property Co LLC acquired Southport Logistics Park, a 252-acre master-planned logistics destination within the South Dallas submarket of Dallas-Fort Worth, TX.
Verimatrix IncInside Secure SA158.0Inside Secure SA of France agreed to acquire Verimatrix Inc, a San Diego-based software publisher, for about USD 158 mil. The consideration will consist of USD 143 mil in cash and up to USD 15 mil in profit-related payments.
The Deal LLCEuromoney Institutional Investor PLC87.3Euromoney Institutional Investor PLC of the UK agreed to acquire the entire share capital of The Deal LLC, a New York-based book publisher, from Wasserstein & Co LP for USD 87.3 mil.
Sears Holdings CorpESL Investments Inc4,621.0ESL Investments Inc through a subsidiary, plans to acquire the remaining 81.16% stake it does not already own in the bankrupt Sears Holdings Corp, a Hoffman Estates-based department store operator, for about USD 4.621 bil via an unsolicited offer. The consideration will include USD 1.8 bil credit and USD 1.1 bil in assumed liabilities. Concurrently, ESL planned to acquire the Sears Home Improvement Business, PartsDirect Business, and Kenmore Brand & related assets of Sears.
 US M&A Deals Announced November 30 to December 6, 2018
 Source: Thomson Reuters