Target | Acquirer | Value ($millions) | Synopsis |
Assurance IQ Inc | Prudential Financial Inc | 3500.0 | Prudential 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 Inc | J2 Acquisition Ltd | 2316.7 | J2 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 Corp | 1250.0 | Realty 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 Inc | 1040.0 | Blackstone 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 Inc | Kinepolis Group NV | 152.3 | Kinepolis Group NV of Belgium agreed to acquire MJR Theatres Inc, a Bloomfield-based motion picture theater operator, for $152.25 million . |
Fiber Solutions | Motus Integrated Technologies | 85.0 | Motus 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 Inc | Farmers National Banc Corp | 39.6 | Farmers 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 LP | McCoy Global Inc | 6.0 | McCoy 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 LLC | International Investment & Financial | 4.0 | Integrated 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 LP | | AEW 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 Business | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired university services business of Garnett-Powers & Associates Insurance Services Inc, a Mission Viejo-based insurance agency. |
First State Bank Of Colfax | Bank Iowa NA | | Bank Iowa NA agreed to acquire First State Bank Of Colfax, a Colfax-based securities brokerage. |
Fleco Industries Inc | Core Industrial Partners LLC | | Core Industrial Partners LLC acquired Fleco Industries Inc, a Carrollton-based manufacturer of commercial electric lighting fixtures, in a leveraged buyout transaction. |
Bel Shower Door Corp | Denver Glass Interiors Inc | | Denver Glass Interiors Inc, a unit of Baymark Partners LP, acquired Bel Shower Door Corp, an Englewood-based manufacturer of glass products. |
Ace Info Solutions Inc | Dovel Technologies Inc | | Dovel 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 Inc | Economic Group Pension Services Inc | | Economic 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 LLC | Hultafors Group AB | | Hultafors 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 Royals | Investor Group | | An investor group, comprised of John Sherman and other investors, agreed to acquire Kansas City Royals, a Kansas City-based sports club. |
Netrality Property Trust LLC | Investor Group | | Macquarie 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 LLC | Providence Equity Partners LLC | | Providence 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 Inc | Resonetics LLC | | Resonetics LLC, a unit of Regatta Medical, acquired Tru Tech Systems Inc, a Mt. Clemens-based manufacturer of metal cutting machine tools. |
Engineering Solutions & Products LLC | Sev1tech LLC | | Sev1tech LLC acquired Engineering Solutions & Products LLC, a Chantilly-based provider of logistics consulting services. |
Heartland Co | Sterling Investment Partners LP | | Sterling 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 Inc | The Carlyle Group LP | | The Carlyle Group LP agreed to acquire an undisclosed majority interest in HireVue Inc, a South Jordan-based software publisher. |
CollabNet Inc | TPG Capital LP | | TPG 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 Inc | Waud Capital Partners LLC | | Waud 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 | | | |