TargetAcquirerValue ($millions)Synopsis
CloudGenix IncPalo Alto Networks Inc420.0Palo Alto Networks Inc definitively agreed to acquire CloudGenix Inc, a San Jose-based software publisher, for an estimated $420 million in cash.
News America Mktg Ppty LLPCharlesbank Capital Partners235.0Charlesbank Capital Partners LLC definitively agreed to acquire News America Marketing Properties LLP, a New York-based provider of single-source marketing services, from News Corp, for an estimated $235 million. The consideration was to consist of $50 million in cash plus up to $185 million in profit-related payments.
Curzion Pharmaceuticals IncHorizon Therapeutics plc45.0Horizon Therapeutics plc acquired Curzion Pharmaceuticals Inc, a San Diego-based manufacturer of biological products, for a total $45 mil.
NES Financial CorpJTC PLC40.0JTC PLC of Jersey planned to acquire NES Financial Corp, a San Jose-based provider of financial investment services, for a total $40 mil.
VOP LLC-ApartmentsBroadshore Capital Partners37.1Broadshore Capital Partners LLC, a unit of Guardian Life Insurance Co of America, acquired Victoria at Orange Park Apartments of Victoria at Orange Park LLC, lessor of residential buildings and dwellings, ultimately owned by American Landmark Apartments, for a total $37.1 mil.
Transel Elevator & Elec IncAnlev LLC35.7Anlev LLC, a unit of Analogue Holdings Ltd, acquired a 51% interest in Transel Elevator & Electric Inc, a Long Island City-based manufacturer of elevators, for an estimated total of $35.7 million in cash.
Franklin Labs LLCHarvest Health & Recreation25.5Harvest Health & Recreation Inc acquired Franklin Labs LLC, a Reading-based crop farming establishment, from Cannapharmacy Inc, for a total $25.5 million. The consideration consisted of $25.5 million in cash and $10 million in promissory note.
BroadVision IncAurea Software Inc22.1Aurea Software Inc, a unit of ESW Capital LLC, planned to acquire the entire share capital of the bankrupt BroadVision Inc (BroadVision), a Redwood City-based developer of enterprise portal applications, for an estimated $4.375 per share, or a total value of $22. 142 million. Originally, in March 2020, BroadVision announced that it was seeking buyer for its entire share capital.
Elevation Homewood Apts,ALCovenant Capital Group LLC20.0Covenant Capital Group LLC (Covenant) acquired Elevation Homewood Apartments, a Homewood-based lessor of residential buildings and dwellings, from Summit Equity Investments Inc and Elmington Capital Group LLC, for a total $19.975 million. Concurrently, Covenant acquired Elevation Vestavia Hills Apartments.
Suncap Ppty Grp-747 Mill PkMonmouth RE Invest Corp17.9Monmouth Real Estate Investment Corp acquired 747 mill park drive of Suncap Property Group, a Charlotte-based provider of land subdivision services, for a total $17.9 mil.
Banner Midstream CorpEcoark Holdings Inc16.2Ecoark Holdings Inc (Ecoark) definitively agreed to acquire Banner Midstream Corp, a Frisco-based provider of oil and gas drilling services, from Banner Energy Services Corp, for an estimated $16.228 million. The consideration consisted of 8. 9 million Ecoark common shares, or a total $5.028 million and the assumption of $11.2 million in liabilities. The shares were valued based on Ecoark's closing stock price of $0.56 on 30 March 2020, the last full trading day prior to the announcement.
Alternative Staffing IncSwipejobs Hldg Pty Ltd13.0Swipejobs Holdings Pty Ltd of Australia planned to acquire Alternative Staffing Inc, a North Charleston-based provider of employee leasing services, for a total $12. 961 mil.
Elevation Vestavia Hills,ALCovenant Capital Group LLC10.8Covenant Capital Group LLC (Covenant) acquired Elevation Vestavia Hills Apartments, a Vestavia Hills-based lessor of residential buildings and dwellings, from Summit Equity Investments Inc and Elmington Capital Group LLC, for a total $10.775 million. Concurrently, Covenant acquired Elevation Homewood Apartments.
Turfway Plaza,Florence,KYThe Cotswold Group Ltd9.7The Cotswold Group Ltd of the UK acquired Turfway Plaza, a Florence-based nonresidential property manager, for a total $9.7 mil.
Frencken America IncFrencken Europe BV1.1Frencken Europe BV of Netherlands, a unit of Frencken Group Ltd, acquired the remaining 20% stake, which it did not already own, in Frencken America Inc, a Liberty Lake-based manufacturer of measuring, displaying and controlling variables instruments and related products, for a total $1.059 million in cash.
U Saw Mill & Saw log Export,NCActive Energy Group PLC0.4Active Energy Group PLC of the UK agreed to acquire the remaining stake, which it did not already own, in Undisclosed Saw Mill & Saw Log Export Activities, a Lumberton-based sawmill operator, from its joint venture partner Renewable Logistics Systems LLC, for an estimated $0.35 million in ordinary shares.
IdentityMind IncAcuant IncAcuant Inc, a unit of Audax Management Co LLC, acquired IdentityMind Inc, a Palo Alto-based software publisher.
Pbf Energy-Hydrogen Plants(5)Air Products & Chemicals IncAir Products & Chemicals Inc signed Letter of Intent {LOI} to acquire 5 hydrogen plants of PBF Energy Inc, a Parsippany-based petroleum refinery operator.
Meetup IncAlleycorpAlleyCorp acquired Meetup Inc, a New York-based provider of computer systems design services, from WeWork Cos Inc, owned by We Co MC LLC.
Houston Asset Management IncAllworth FinancialAllworth Financial, a unit of Parthenon Capital Partners LLC, acquired Houston Asset Management Inc, a Houston-based portfolio manager.
Dark Sky Co LLCApple IncApple Inc acquired Dark Sky Co LLC, software publisher.
BioDot IncArtemis Capital PartnersArtemis Capital Partners acquired BioDot Inc, an Irvine-based manufacturer of measuring and dispensing pumps, in a leveraged buyout transaction.
Tot Squad-Baby Gear CleaningBabyquip IncBabyquip Inc acquired baby gear cleaning & repair services of Tot Squad, a Sherman Oaks-based provider of machinery and equipment rental and leasing services.
Prospect Capital CorpBondholdersProspect Capital Corp, a New York-based financial sponsor, planned a debt restructuring transaction with Bondholders (BHs). Upon completion, BHs were to receive principal amount of every 6.25% Notes due 2024. The book value of the existing debt that will be exchanged under the terms of the offer is USD234.443 mil.
Thayer Power & Commun LineCalera Capital Management IncCalera Capital Management Inc acquired Thayer Power & Communication Line Construction Co LLC, a Pataskala-based provider of telecommunications services, in a leveraged buyout transaction. Terms of the transaction were not disclosed.
CARBO Ceramics IncCreditorsthe bankrupt CARBO Ceramics Inc(CARBO), a Houston-based manufacturer of abrasive products, planned a debt restructuring transaction with Creditors (CRs). CRs were to receive common shares in exchange for outstanding debt. Upon completion, CRs were to hold an undisclosed majority interest in the restructured CARBO. The book value of the existing debt that will be exchanged under the terms of the offer
Constellis Holdings IncCreditorsConstellis Holdings Inc, a Reston-based provider of security guard and patrol services, completed a recapitalization plan with Creditors (CRs). The book value of the existing debt that was repaid as a result of equity raise was $1.1 bil.
Strands IncCRIF SpACRIF SpA of Italy agreed to acquire the entire share capital of Strands Inc, a Miami-based provider of custom computer programming services.
Tavve Software CoDefiance Ventures LLCDefiance Ventures LLC acquired Tavve Software Co, a Morrisville-based a cybersecurity firm, in a leveraged buyout transaction.
Aerovista Innovations LLCDroneUp LLCDroneUp LLC acquired Aerovista Innovations LLC, a Glenview-based manufacturer of aircrafts.
Bonsa HealthEmerald Organic Products IncEmerald Organic Products Inc acquired a 51% interest in Bonsa Health, a Tampa-based drug store operator.
Carie Health IncEmerald Organic Products IncEmerald Organic Products Inc definitively agreed to acquire Carie Health Inc, a Miami-based software publisher focused on telehealth services.
Wei BeautyFosun International LtdFosun International Ltd of China, a unit of Fosun Holdings Ltd, acquired a 68% interest in Wei Beauty, manufacturer of toilet preparations.
Nrthn Paper Mill Credit UnionFox Communities Credit UnionFox Communities Credit Union agreed to merge with Northern Paper Mill Credit Union, a Green Bay-based credit union.
Humboldt Heritage IncHightimes Hldg CorpHightimes Holding Corp signed a Letter of Intent to acquire Humboldt Heritage Inc, an Arcata-based manufacturer of medicinals and botanicals. The transaction includes Humboldt Sun Growers Guild and Grateful Eight LLC.
Meadow Gold DairiesIndustrial Realty Group LLCIndustrial Realty Group LLC agreed to acquire Meadow Gold Dairies, manufacturer of fluid milk, from Dean Foods Co.
Global Bus Ins Agcy IncInszone Insurance Services IncInszone Insurance Services Inc acquired Global Business Insurance Agency Inc, a Woodland Hills-based insurance agency.
Brighton Bancorp IncInvestor GroupAn investor group, comprised of Simpson Brown Jr and other individual investors, agreed to acquire an undisclosed majority interest in Brighton Bancorp Inc, a Brighton-based commercial bank.
Procter & Gamble-Facility,KSInvestor GroupAn investor group, comprised of Gordon Brothers Group LLC and New Mill Capital Holdings LLC acquired the Kansas City, Kansas facility of Procter & Gamble Co, a Kansas City-based lessor of nonresidential buildings.
Abacus Worldwide LLCJHI Association IncJHI Association Inc signed a letter of intent to acquire the entire share capital of Abacus Worldwide LLC, a Miami-based certified public accountant's office.
TH Foods IncKameda Seika Co LtdKameda Seika Co Ltd of Japan raised its interest to 50%, from 46.84%, by acquiring a 3.16% stake in Th Foods Inc, a Loves Park-based manufacturer of snack products. Terms were not disclosed.
Prime Engineered Component IncKKSP Precision Machining LLCKKSP Precision Machining LLC, a unit of Mill Point Capital Partners LP, acquired Prime Engineered Component Inc, a Watertown-based provider of engineering services.
Metro Capital Advisors LtdMarcus & Millichap CapitalMarcus & Millichap Capital Corp, a unit of Marcus & Millichap Inc, acquired Metropolitan Capital Advisors Ltd, a Dallas-based investment advisor.
Homecare Of Mid MissouriMissouri Home Hospice LLCMissouri Home Hospice LLC acquired Homecare Of Mid Missouri Home Health & Hospice, a Moberly-based provider of home health care services.
Seven Seas Water CorpMorgan StanleyMorgan Stanley (MS) acquired Seven Seas Water Corp (Seven), a Tampa-based water supply system operator, from Aquaventure Holdings Ltd, owned by Culligan International Co. Originally, in January 2020, MS was rumored to be planning to acquire Seven. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $500 mil.
6D.aiNiantic IncNiantic Inc acquired 6D. ai, a San Francisco-based software publisher.
Hawaiiana Hldg IncNippon Kanzai Co LtdNippon Kanzai Co Ltd of Japan acquired a 50% interest in Hawaiiana Holdings Inc, a Honolulu-based lessor of residential buildings and dwellings, from Swell International Inc.
Barrel House Cooker Co LLCNoah GlanvilleNoah Glanville acquired Barrel House Cooker Co LLC, a Bakersfield-based manufacturer of household cooking appliances.
Allen Bros Whl DistributorsPalm Beach Capital Fund III LPPalm Beach Capital Fund III LP, a unit of Palm Beach Capital Corp, acquired an undisclosed majority interest in Allen Brothers Wholesale Distributors, a Philadelphia-based line grocery merchant wholesaler, in a leveraged buyout transaction. Terms were not disclosed.
Altis Wiregrass RanchPreferred Apt CommunitiesPreferred Apartment Communities Inc acquired Altis Wiregrass Ranch, a Wesley Chapel-based lessor of residential buildings and dwellings.
Coastal Air Compressor-AssetPye-Barker Supply CoPye-Barker Supply Co acquired assets of Coastal Air Compressor Inc, a Sylvania-based industrial machinery and equipment merchant wholesaler.
Peak Capital Management LLCShepherd Kaplan Krochuk LLCShepherd Kaplan Krochuk LLC acquired Peak Capital Management LLC, a Colorado Springs-based investment advisor.
Logos Tech LLC-NatSurFact BusStepan CoStepan Co acquired NatSurFact business line of Logos Technologies LLC, a Fairfax-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments.
Ntt Urban Dvlp Corp-PptyTaisei USA LLCTaisei USA LLC acquired 2 property portfolios of Ntt Urban Development Corp, a Tokyo-based portfolio manager, ultimately owned by Nippon Telegraph & Telephone Corp.
Command Alkon IncThoma Bravo LLCThoma Bravo LLC definitively agreed to acquire Command Alkon Inc, a Birmingham-based software publisher, from Quilvest Private Equity SARL, ultimately owned by Quilvest SA, in a leveraged buyout transaction. Terms were not disclosed.
MacPractice IncValsoft Corp IncValsoft Corp Inc of Canada acquired MacPractice Inc, a Lincoln-based developer of software.
CARBO Ceramics IncWilks Brothers LLCWilks Brothers LLC definitively agreed to acquire the entire share capital of the bankrupt CARBO Ceramics Inc, a Houston-based manufacturer of abrasive products.
US M&A Deals Announced March 27 to April 02, 2020