TargetAcquirerValue ($millions)Synopsis
Assurance IQ IncPrudential Financial Inc3500.0Prudential Financial Inc (Prudential) definitively agreed to acquire the entire share capital of Assurance IQ Inc, a Bellevue-based insurance agency, for a total $3.5 bil. The consideration was to consist of $1.88 bil in cash and $470 million Prudential common stock plus up to $1.15 bil in profit-related payments.
APi Group IncJ2 Acquisition Ltd2316.7J2 Acquisition Ltd (J2) of the UK definitively agreed to acquire APi Group Inc (APi) , a New Brighton-based industrial building constructor, for an estimated $2.317 bil. The transaction was to consist of an estimated $2.05 bil in cash and an estimated 28.373 million ordinary shares valued at $266.706 million . The shares were valued based on J2’s closing stock price of $9. 4 on 2 September 2019, the last full trading day prior to the announcement. On completion, J2 and APi shareholders were to own 85. 5% interest and 14.5% stake in the combined entity, respectively and was to be renamed APi Group Corp.
CIM Real Estate Finance Trust Inc-Single-Tenant Retail Properties(454)Realty Income Corp1250.0Realty Income Corp definitively agreed to acquire 454 single-tenant retail properties of CIM Real Estate Finance Trust Inc, a Phoenix-based lessor of real estate property, ultimately owned by CIM Group LP, for $1.25 bil in cash.
TA Realty LLC-Logistics Portfolio(68)Blackstone Group Inc1040.0Blackstone Group Inc acquired 68 logistics portfolio of TA Realty LLC, a Boston-based lessor of real estate property, owned by Rockefeller Group International Inc, in a leveraged buyout transaction. Concurrently, AEW Capital Management LP, a unit of NVEST LP, acquired 28 logistics portfolio of TA Realty LLC. The two transactions had a combined value of $1.04 bil.
MJR Theatres IncKinepolis Group NV152.3Kinepolis Group NV of Belgium agreed to acquire MJR Theatres Inc, a Bloomfield-based motion picture theater operator, for $152.25 million .
Fiber SolutionsMotus Integrated Technologies85.0Motus Integrated Technologies, a unit of Atlas Holdings LLC, acquired Fiber Solutions, a Fort Myers-based provider of engineering services, from Jason Inc, for a total $85 million .
Maple Leaf Financial IncFarmers National Banc Corp39.6Farmers National Banc Corp (Farmers) agreed to merge with Maple Leaf Financial Inc (Maple), a Newbury Township-based bank holding company, for an estimated $39.6 million . Farmers offered a choice of $640 in cash per share or 45.5948 common shares per Maple share, subject to proration whereby 50% of the total consideration was to be paid in common shares and the remaining 50% in cash.
Drawworks LPMcCoy Global Inc6.0McCoy Global Inc of Canada planned to acquire Drawworks LP, a Boling-based industrial machinery and equipment merchant wholesaler, for a total $6 million .
CannaAmerican Brands LLCInternational Investment & Financial4.0Integrated Cannabis Co Inc of Canada planned to acquire the remaining stake, which it did not already own, in CannaAmerican Brands LLC, manufacturer of medicinals and botanicals, for a total $4 million .
TA Realty LLC-Logistics Portfolio(28)AEW Capital Management LPAEW Capital Management LP, a unit of NVEST LP, acquired 28 logistics portfolio of TA Realty LLC, a Boston-based lessor of real estate property, owned by Rockefeller Group International Inc. Concurrently, Blackstone Group Inc acquired 68 logistics portfolio of TA Realty LLC. The two transactions has a combined value of $1.04 bil.
Garnett-Powers & Associates Insurance Services Inc-University Services BusinessArthur J Gallagher & CoArthur J Gallagher & Co acquired university services business of Garnett-Powers & Associates Insurance Services Inc, a Mission Viejo-based insurance agency.
First State Bank Of ColfaxBank Iowa NABank Iowa NA agreed to acquire First State Bank Of Colfax, a Colfax-based securities brokerage.
Fleco Industries IncCore Industrial Partners LLCCore Industrial Partners LLC acquired Fleco Industries Inc, a Carrollton-based manufacturer of commercial electric lighting fixtures, in a leveraged buyout transaction.
Bel Shower Door CorpDenver Glass Interiors IncDenver Glass Interiors Inc, a unit of Baymark Partners LP, acquired Bel Shower Door Corp, an Englewood-based manufacturer of glass products.
Ace Info Solutions IncDovel Technologies IncDovel Technologies Inc, a unit of Macquarie Capital (USA) Inc, acquired Ace Info Solutions Inc, a Reston-based provider of custom computer programming services.
Professional Pension Planners IncEconomic Group Pension Services IncEconomic Group Pension Services Inc acquired Professional Pension Planners Inc, an Ardsley-based provider of human resources and executive search consulting services. Terms were not disclosed.
Custom LeatherCraft Manufacturing LLCHultafors Group ABHultafors Group AB of Sweden, a unit of Investment AB Latour, acquired Custom LeatherCraft Manufacturing LLC, a South Gate-based manufacturer of leather goods. Terms were not disclosed.
Kansas City RoyalsInvestor GroupAn investor group, comprised of John Sherman and other investors, agreed to acquire Kansas City Royals, a Kansas City-based sports club.
Netrality Property Trust LLCInvestor GroupMacquarie Infrastructure (Macquarie Infrastructure) Partners Iv L.P, a unit of Macquarie Infrastructure & Real Assets Pty Ltd, acquired Netrality Property Trust LLC, a New York City-based nonresidential property manager, from ABRAMS CAPITAL MANAGEMENT LP in a leveraged buyout transaction. Originally, in September 2019, Macquarie Infrastructure was rumored to be planning to acquire a minority stake in Netrality Property.
TimeClock Plus LLCProvidence Equity Partners LLCProvidence Equity Partners LLC acquired an undisclosed majority interest in TimeClock Plus LLC, a San Angelo-based software publisher, in a leveraged buyout transaction. Terms were not disclosed.
Tru Tech Systems IncResonetics LLCResonetics LLC, a unit of Regatta Medical, acquired Tru Tech Systems Inc, a Mt. Clemens-based manufacturer of metal cutting machine tools.
Engineering Solutions & Products LLCSev1tech LLCSev1tech LLC acquired Engineering Solutions & Products LLC, a Chantilly-based provider of logistics consulting services.
Heartland CoSterling Investment Partners LPSterling Investment Partners LP acquired an undisclosed majority interest in Heartland Co, a Mission Woods-based provider of landscaping services, from Great Range Capital, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
HireVue IncThe Carlyle Group LPThe Carlyle Group LP agreed to acquire an undisclosed majority interest in HireVue Inc, a South Jordan-based software publisher.
CollabNet IncTPG Capital LPTPG Capital LP definitively agreed to acquire CollabNet Inc, a San Francisco-based software publisher, from Vector Capital Corp, ultimately owned by Vector Capital Management LP, in a leveraged buyout transaction. Terms were not disclosed.
Health & Safety Institute IncWaud Capital Partners LLCWaud Capital Partners LLC acquired Health & Safety Institute Inc (HSI), an Eugene-based provider of professional safety and health certification services, from The Riverside Co (Riverside), in a secondary buyout transaction. Originally, Riverside acquired HSI.
US M&A Deals Announced August 30 to September 5, 2019