TargetAcquirerValue ($millions)Synopsis
Raytheon CoUnited Technologies Corp86831.2United Technologies Corp (UTC) definitively agreed to merge with Raytheon Co (Raytheon), a Waltham-based manufacturer of search, detection, navigation, guidance, aeronautical and nautical systems and instruments, in a stock swap transaction valued at $86. 831 billion. UTC offered 2.3348 common shares per Raytheon share. Based on UTC’s closing stock price of $132.15 on 07 June 2019, the last full trading day prior to the announcement, each Raytheon share was valued at $308. 544. On completion, the merged entity was to be named Raytheon Technologies Corp (Raytheon Technologies). UTC and Raytheon were to own 57 % and 43% stake in Raytheon Technologies respectively. Originally, in June 2019, UTC was rumored to be planning to merge with Raytheon.
Tableau Software IncSalesforce.com Inc17013.5Salesforce.com Inc (Salesforce) definitively agreed to acquire the entire share capital of Tableau Software Inc (Tableau), a Seattle-based developer of business intelligence and analytics software, in a stock swap transaction valued at $17.014 bil, via tender offer. Salesforce offered 1. 103 common shares per Tableau common share. Based on Salesforce’s closing stock price of $161.27 on 7 June 2019, the last full trading day prior to the announcement, each Tableau share was valued at $177.881. The offer was conditioned upon at least a majority of Tableau’s shares being tendered.
Medidata Solutions IncDassault Systemes SE5902.0Dassault Systemes SE of France definitively agreed to merge with Medidata Solutions Inc, a New York-based developer of life sciences technology platform, for $92.25 in cash per share, or a total of $5.902 bil.
Covey Park Energy LLCComstock Resources Inc1927.7Comstock Resources Inc (Comstock Resources) definitively agreed to merge with Covey Park Energy LLC, a Dallas-based independent natural gas company, for an estimated $1.928 billion. The consideration was to consist of $700 million in cash, the issuance of 28.833 million common shares valued at $127.73 mil, $210 million in preferred stock and the assumption of $890 million in liabilities. The shares were valued based on Comstock Resources’ closing stock price of $4. 43 on 7 July 2019, the last full trading day prior to the announcement.
Shutterfly IncPhoto Holdings LLC1864.0Photo Holdings LLC (Photo Holding), a unit of Apollo Global Management LLC (Apollo Global), definitively agreed to acquire the entire share capital of Shutterfly Inc (Shutterfly), a Redwood City-based provider of photofinishing services, for $51 in cash per share or a total of $1.864 billion in cash, in a leveraged buyout transaction. Upon completion, Shutterfly will be delisted from NYSE. Originally, Shutterfly announced that it was seeking a buyer for its entire share capital. Apollo and Cerebrus were rumored as bidders.
Equilon Enterprises Llc-Martinez Refinery & Integrated Logistics AssetsPBF Energy Inc1000.0PBF Energy Inc definitively agreed to acquire Martinez Refinery & Integrated Logistics Assets of Equilon Enterprises LLC, a Houston-based producer of crude petroleum and natural gas, owned by Shell Oil Co, a unit of Royal Dutch Shell PLC (RDS), for an estimated $1 billion. Originally, In March 2017, RDS was rumored to be seeking a buyer for its Martinez Refinery. PBF Energy Inc and NTR Partners were named as potential bidders.
Tilos Therapeutics IncMerck & Co Inc773.0Merck & Co Inc definitively agreed to acquire Tilos Therapeutics Inc, a Lexington-based manufacturer of biological products, for $773 mil.
Barnes & Noble IncChapters Holdco Inc683.0Chapters Holdco Inc (Chapters), a unit of Elliott Advisors (UK) Ltd (Elliott UK) definitively agreed to acquire the entire share capital of Barnes & Noble Inc (Barnes), a New York City-based book retailer, for an estimated $683 million. The consideration was to consist of $6.50 in cash per share or a total $475.844 million and assumption of $207.156 million in liabilities. Originally, Barnes announced that it was seeking a buyer for the entire share capital of the company. Leonard Riggio and Elliott Management Corp were named as potential bidders.
The Glendon,Los Angeles,CaliforniaDouglas Emmett Inc365.0Douglas Emmett Inc acquired The Glendon, a Los Angeles-based residential community, for $365 mil.
EDAC Technologies LLCHanwha Aerospace Co Ltd297.8Hanwha Aerospace Co Ltd of South Korea agreed to acquire the entire share capital of EDAC Technologies LLC, a Cheshire-based manufacturer of aircraft engines and engine parts, from GB Aero Engine LLC, ultimately owned by Greenbriar Equity Group LP, for an estimated $297.789 mil.
Cineworld Group-Plc-Multi-Screen Cinemas(18)EPR Properties270.0EPR Properties acquired 18 multi-screen cinemas of Cineworld Group PLC, a London-based motion picture theater operator, for a total $270 million in cash, in a sale and leaseback transaction.
Schlitterbahn Waterpark & Resort New Braunfels,Schlitterbahn Waterpark GalvestonCedar Fair LP261.0Cedar Fair LP definitively agreed to acquire Schlitterbahn Waterpark & Resort New Braunfels and Schlitterbahn Waterpark Galveston, a New Braunfels-based theme park operator, for an estimated $261 mil.
Martin Midstream Partners LP-Natural Gas Storage AssetsHartree Cardinal Gas LLC215.0Hartree Cardinal Gas LLC, a unit of Hartree Bulk Storage LLC, definitively agreed to acquire natural gas storage assets of Martin Midstream Partners LP, a Kilgore-based petroleum bulk merchant wholesaler, ultimately owned by Martin Resource Management Corp, for a total $215 million in cash.
Endocare IncVarian Medical Systems Inc185.0Varian Medical Systems Inc (Varian) acquired Endocare Inc, an Austin-based provider of hardware and software solutions, from HealthTronics Inc, ultimately owned by Altaris Capital Partners LLC. Concurrently, Varian acquired Hangzhou Alicon Pharmaceutical Technology Co Ltd. The two transactions were to have a combined value of $185 million in cash.
HB Fuller Co-Surfactants Thickeners & Dispersants BusinessTiarco LLC71.0Tiarco LLC, a unit of Textile Rubber & Chemical Co Inc, definitively agreed to acquire surfactants thickeners & dispersants business of HB Fuller Co, a Saint Paul-based manufacturer of adhesives, for a total $71 mil.
Social & Scientific Systems IncDLH Holdings Corp70.0DLH Holdings Corp acquired Social & Scientific Systems Inc, a Silver Spring-based provider of social sciences research and development services, for a total $70 million in cash.
Emmis Austin Radio Broadcasting Co LPSinclair Telecable Inc39.3Sinclair Telecable Inc agreed to acquire the remaining 50.1% interest, which it did not already own, in Emmis Austin Radio Broadcasting Co LP, an Austin-based owner and operator of radio stations and FM translators, from Emmis Communications Corp, for an estimated total $39.3 mil.
Bronco Manufacturing LLCMhwirth Inc31.5Mhwirth Inc, a unit of MHWirth GmbH, acquired the entire share capital of Bronco Manufacturing LLC, a Tulsa-based manufacturer of fluid power pumps and motors, for a total $31.5 mil.
Pulse Aerospace LLCAeroVironment Inc25.7AeroVironment Inc acquired the entire share capital of Pulse Aerospace LLC, a Lawrence-based manufacturer of aircrafts, for an estimated $25.65 million. The consideration consisted of $20.65 million cash plus up to $5 million in profit-related payments.
Heidenreich Marine Enterprise Inc{Heidmar}DryShips Inc17.0DryShips Inc of Greece acquired the remaining 50.2% interest, which it did not already own, in Heidenreich Marine Enterprise Inc{Heidmar}, a Norwalk-based provider of deep sea freight transportation services, from Morgan Stanley Capital GroupInc, ultimately owned by Morgan Stanley, for a total $17 mil.
Western Hills Marketplace,Cincinnati,OhioUnited Properties Corp15.3United Properties Corp acquired Western Hills Marketplace, a Cincinnati-based shopping center, from Casto Management Services Inc, for a total $15.25 mil.
Urban One Inc-WDMK-FM & 3 TranslatorsBeasley Broadcast Group Inc13.5Beasley Broadcast Group Inc definitively agreed to acquire the WDMK-FM & 3 translators of Urban One Inc, a Silver Spring-based radio network, for a total $13.5 mil.
Freeborn Lumber CoAmerican Construction Source LLCAmerican Construction Source LLC acquired Freeborn Lumber Co, an Albert Lea-based furniture store operator. Terms were not disclosed.
LSC Environmental Products LLCAncor Capital Partners LLCAncor Capital Partners LLC acquired LSC Environmental Products LLC, an Apalachin-based manufacturer of landfill products and equipment, from L2 Capital Partners LP (L2 Capital Partners), in a secondary buyout transaction. Terms of the deal were not disclosed. Originally, L2 Capital Partners acquired Landfill Service Corp.
Buildbox Games LLCApponboard IncApponboard Inc acquired Buildbox Games LLC, a Palo Alto-based software publisher.
Gateway Analytical LLCAptarGroup IncAptarGroup Inc (AptarGroup) acquired Gateway Analytical LLC, a Gibsonia-based medical laboratory operator. Concurrently, AptarGroup acquired Nanopharm Ltd.
Rivard Insurance Agency IncAssuredPartners IncAssuredPartners Inc, a unit of Apax Partners LP, acquired Rivard Insurance Agency Inc, a Boynton Beach-based insurance agency.
Air Capital Insurance LLCAssuredPartners IncAssuredPartners Inc, a unit of Apax Partners LP, acquired Air Capital Insurance LLC, a Wichita-based aviation insurance agency.
Legends At Wolfchase,Bartlett,TennesseeBalfour Beatty Communities LLCBalfour Beatty Communities LLC, a unit of Balfour Beatty PLC, acquired Legends At Wolfchase, a Bartlett-based lessor of residential buildings and dwellings.
Twenty400Bell Partners IncBell Partners Inc acquired Twenty400, an Arlington-based lessor of residential buildings and dwellings.
The 86 CorpBrown-Forman CorpBrown-Forman Corp definitively agreed to acquire The 86 Corp, a New York City-based distillery.
Medix Wellness LtdCBD Capital GroupCBD Capital Group acquired Medix Wellness Ltd, an Aventura-based manufacturer of medicinals and botanicals.
Wolverton & Associates IncCha Consulting IncCha Consulting Inc, a unit of First Reserve Corp, acquired Wolverton & Associates Inc, a Duluth-based provider of engineering services.
Quest Aircraft Co LLCDaher SADaher SA of France planned to acquire Quest Aircraft Co LLC, a Sandpoint-based manufacturer and wholesaler of turboprop airplanes, from Setouchi Holdings Inc, ultimately owned by Tsuneishi Holdings Corp.
Pyron IncDigital Alpha Advisors LLCDigital Alpha Advisors LLC acquired Pyron Inc, a Satellite Beach-based masonry contractor.
Silvercote LLCDistribution International IncDistribution International Inc, a unit of Advent International Corp, acquired Silvercote LLC, a Greenville-based manufacturer of mineral wool, from Knauf Insulation GmbH, owned by Gebr Knauf Verwaltungsgesellschaft KG.
Jefferson Hills Apartments,Framingham,MADSF GroupDSF Group acquired Jefferson Hills Apartments, a Framingham-based lessor of residential buildings and dwellings.
Lattice Engines IncDun & Bradstreet IncDun & Bradstreet Inc, a unit of Dun & Bradstreet Corp, definitively agreed to acquire Lattice Engines Inc, a San Mateo-based software publisher. Terms were not disclosed.
The Organic Seed LLCGeneral Cannabis CorpGeneral Cannabis Corp planned to acquire The Organic Seed LLC, a Pueblo West-based manufacturer of medicinals and botanicals.
Riverview Bank,Trevorton,PAGratz Bank,PennsylvaniaGratz Bank,Pennsylvania, a unit of GNB Financial Services Inc, definitively agreed to acquire Riverview Bank, a Trevorton-based commercial bank. Terms were not disclosed.
Finacity CorpGreensill Capital (UK) LtdGreensill Capital (UK) Ltd of the UK acquired Finacity Corp, a Stamford-based provider of account receivables securitization services.
Summit Materials IncGrupo Argos SAGrupo Argos SA of Colombia discontinued the rumors that it planned to acquire the entire share capital of Summit Materials Inc, a Denver-based crushed and broken stone quarry operator, from Summit Owner Holdco LLC.
Trusted Health Plan Michigan IncHealth Alliance Plan of Michigan LLCHealth Alliance Plan of Michigan LLC, a unit of Henry Ford Health System, definitively agreed to acquire Trusted Health Plan Michigan Inc, a Detroit-based provider of ambulatory health care services.
Cardinal Logistics Management CorpHIG Capital LLCHIG Capital LLC acquired Cardinal Logistics Management Corp, a Concord-based provider of freight transportation arrangement services, from Greatwide Logistics Services, owned by Greatwide Logistics Services SPV, in a leveraged buyout transaction.
LSK BioPartners IncHLB USA IncHLB USA Inc, a unit of Hlb Inc, agreed to merge with LSK BioPartners Inc, a Salt Lake City-based manufacturer of in-vitro diagnostic substances, from Hlb Inc and shareholders, in an internal stock swap reorganization. HLB USA Inc offered Hlb Inc ordinary shares.
Infinite Esports & EntertainmentImmortals Gaming ClubImmortals Gaming Club acquired Infinite Esports & Entertainment, a Dallas-based software publisher.
Brainware IncImpresoft SrlImpresoft Srl of Italy acquired the entire share capital of Brainware Inc, an Ashburn-based software publisher, from BDGB Enterprise Software SCA, ultimately owned by Vista Equity Partners LLC.
Quick Connectors IncInnovex Downhole Solutions IncInnovex Downhole Solutions Inc acquired Quick Connectors Inc, a Houston-based electrical apparatuses and equipment merchant wholesaler. The acquisition includes Enerserv Inc.
Barefoot Networks IncIntel CorpIntel Corp agreed to acquire Barefoot Networks Inc, a Santa Clara-based provider of computer systems design services. Terms were not disclosed.
Legacy At Pratt ParkInvestor GroupAn investor group, comprised of Rockwood Capital LLC and Entrata Inc acquired Legacy At Pratt Park, a Seattle-based lessor of residential buildings and dwellings.
Eastdil Secured LLCInvestor GroupAn investor group, comprised of Temasek International Pte Ltd, a unit of the Singaporean state- owned Ministry of Finance Singapore and Guggenheim Investments planned to acquire an undisclosed majority interest in Eastdil Secured LLC (Eastdil), a New York-based investment bank, from Wells Fargo & Co (Wells). Terms were not disclosed. Originally, In December 2018, Eastdil and Wells was rumored to be seeking a buyer for its Eastdil Realty Inc unit.
First Financial Corporate Services IncJA Mitsui Leasing USA Holdings IncJA Mitsui Leasing USA Holdings Inc, a unit of JA Mitsui Leasing Ltd, agreed to acquire First Financial Corporate Services Inc, a Placentia-based provider of office machinery and equipment rental and leasing services.
Master Printing GroupJal EquityJal Equity acquired Master Printing Group, a Berea-based provider of commercial gravure printing services, in a leveraged buyout transaction.
Johnstown Wire Technologies IncLiberty Steel USALiberty Steel USA, a unit of Liberty House Ltd, acquired Johnstown Wire Technologies Inc, a Johnstown-based producer of steel wire, from Aterian Investment Partners LLC.
International Automotive Components Group SALifeshield National Insurance CoLifeshield National Insurance Co agreed to acquire International Automotive Components Group SA, a Southfield-based manufacturer of utility vehicles.
SMS Capital Management IncMariner Wealth Advisors LLCMariner Wealth Advisors LLC agreed to acquire SMS Capital Management Inc, a Bellaire-based intermediator.
Polartec LLCMilliken & CoMilliken & Co acquired Polartec LLC, an Andover-based manufacturer and wholesaler of fabrics, from Versa Capital Management LLC. Financial terms of the transaction were not disclosed.
Hasty’s Communications of Florida IncMobile Communications America IncMobile Communications America Inc, a unit of Sentinel Capital Partners LLC, acquired Hasty’s Communications of Florida Inc, a Jacksonville-based wireless telecommunications carrier.
Impact Fitness LLCMorgan Stanley Capital PartnersMorgan Stanley Capital Partners, a unit of Morgan Stanley Investment Management, acquired Impact Fitness LLC, a Mount Laurel-based manufacturer of sporting and athletic goods, in a leveraged buyout transaction.
Millennium Pain Center LLCNational Spine & Pain Centers LLCNational Spine & Pain Centers LLC (NSP), a unit of Avista Capital Holdings LP, acquired Millennium Pain Center LLC, a Bloomington-based outpatient care center operator. Concurrently, NSP acquired Specialty Spine & Pain PC. Terms were not disclosed.
Specialty Spine & Pain PCNational Spine & Pain Centers LLCNational Spine & Pain Centers LLC (NSP), a unit of Avista Capital Holdings LP, acquired Specialty Spine & Pain PC, a Gainesville-based outpatient care center operator. Concurrently, NSP acquired Millennium Pain Center LLC. Terms were not disclosed.
Gray Wolf RanchNewport AcademyNewport Academy acquired Gray Wolf Ranch, a Port Townsend-based provider of child and youth services, from Atwell Care Management LLC.
Way Interglobal Network LLCNext Sparc LLCNext Sparc LLC acquired an undisclosed majority interest in Way Interglobal Network LLC, an Elkhart-based electronic appliances merchant wholesaler, in a leveraged buyout transaction.
Granite Precasting & Concrete IncOldcastle Infrastructure IncOldcastle Infrastructure Inc, a unit of CRH PLC, acquired Granite Precasting & Concrete Inc, a Bellingham-based manufacturer of concrete products.
Trinity Benefit Advisors LLCOneDigital Health & BenefitsOneDigital Health & Benefits, a unit of New Mountain Capital LLC, acquired Trinity Benefit Advisors LLC, a Phoenixville-based direct health and medical insurance carrier.
Snapfish LLCPhoto Holdings LLCPhoto Holdings LLC, a unit of Apollo Global Management LLC, definitively agreed to acquire Snapfish LLC, a San Francisco-based internet service provider, from District Photo Inc. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $300 mil.
Pro Marine Supplies IncPolytek Development CorpPolytek Development Corp, a unit of Arsenal Capital Partners LP, acquired Pro Marine Supplies Inc, an Englewood-based manufacturer of plastics materials.
Press Ganey Holdings IncPress Ganey Holdings Inc SPVPress Ganey Holdings Inc SPV, a special purpose acquisition vehicle, formed by Leonard Green & Partners LP and Ares Management Corp, definitively agreed to acquire Press Ganey Holdings Inc, a South Bend-based provider of logistics consulting services, from EQT Partners AB, ultimately owned by EQT Holdings Cooperatief WA, in a leveraged buyout transaction. Terms were not disclosed.
HiperceptRealPage IncRealPage Inc acquired Hipercept, provider of data processing and hosting services.
STS Media Inc-Retail Mobile Virtual Network Operator BusinessRed Pocket IncRed Pocket Inc acquired the retail mobile virtual network operator business of STS Media Inc, a Los Angeles-based wireless telecommunications carrier. Terms were not disclosed.
Highland Associates IncRegions Financial CorpRegions Financial Corp planned to acquire Highland Associates Inc, a Birmingham-based investment advisor.
Blue Steel LLCReibus International IncReibus International Inc acquired the entire share capital of Blue Steel LLC, internet portal operator.
Youngs Market Co-OperationsRepublic National Distributing CoRepublic National Distributing Co definitively agreed to acquire operations of Youngs Market Co, a Tustin-based alcoholic beverages merchant wholesaler, in the formation of a joint venture.
Worthyworks LtdRiviera PartnersRiviera Partners acquired Worthyworks Ltd, a New York City-based provider of executive search services.
Larisa Ortiz Associates LLCStreetsense LLCStreetsense LLC, a unit of CBRE Group Inc, acquired Larisa Ortiz Associates LLC, a New York City-based provider of administrative management and general management consulting services.
Galley Foods IncSweetgreen IncSweetgreen Inc acquired Galley Foods Inc, an Arkadelphia-based online retailer.
Psibernetix IncThales SAThales SA of France acquired Psibernetix Inc, a Liberty Center-based provider of custom computer programming services.
EZ Form Cable CorpTPC Wire & Cable CorpTPC Wire & Cable Corp, a unit of Audax Group LP, acquired EZ Form Cable Corp, a Hamden-based manufacturer of RF, microwave and millimeter wave transmission line solutions.
Planning Solutions Group LLCWealth Enhancement Group LLCWealth Enhancement Group LLC, a unit of Lightyear Capital LLC, planned to acquire Planning Solutions Group LLC, a Fulton-based investment advisor.
Sizmek Inc-Sizmek Ad Server & Sizmek Dynamic Creative Optimization BusinessYCORYCOR of France planned to acquire the ad server & the dynamic creative optimization business of the bankrupt Sizmek Inc (Sizmek), an Austin-based display advertising agency, owned by Zeta Global Inc. Originally, Amazon.com Inc planned to acquire the ad server & the dynamic creative optimization business.
Cardiac Science CorpZOLL Medical CorpZOLL Medical Corp, a unit of Asahi Kasei Corp, planned to acquire Cardiac Science Corp, a Waukesha-based manufacturer of navigational, measuring, electromedical and control Instruments, from Aurora Resurgence Management Partners Llc, ultimately owned by Aurora Capital Group.
US M&A Deals Announced June 07 to 13, 2019