| Target | Acquirer | Value ($millions) | Synopsis |
|---|
| Virgin America Inc | Alaska Air Group Inc | 2,562.6 | Alaska Air Group Inc definitively agreed to acquire the entire share capital of Virgin America Inc, a Burlingame-based provider of low-fare airline and aviation scheduled transportation services, for $57 in cash per share or a total of $2.563 billion in cash. Originally, in March 2016 Virgin was rumored to be seeking a buyer for the entire share capital of the company, with JetBlue and Alaska Air named as potential bidders. |
| Ruckus Wireless Inc | Brocade Communications Systems Inc | 1,414.4 | Via tender offer, Brocade Communications Systems Inc definitively agreed to acquire the entire share capital of Ruckus Wireless Inc, a Sunnyvale-based manufacturer and wholesaler of smart Wi-Fi products and smart wireless LAN (WLAN) systems, through a stock swap transaction valued at $1.414 billion. Brocade offered $6.45 in cash and 0.75 common shares per Ruckus share. Based on Brocade's closing stock price of $10.64 on 01 April 2016, the last full trading day prior to the announcement, each Ruckus share was valued at $14.43. The offer was conditional upon at least majority of Ruckus shares being tendered. |
| Nimbus Apollo Inc | Gilead Sciences Inc | 1,200.0 | Gilead Sciences Inc definitively agreed to acquire Nimbus Apollo Inc, a Wilmington-based biotechnology company, from Nimbus Therapeutics LLC for an estimated $ 1.2 billion. The consideration would consist of $ 400 million and up to around $ 800 million in profit-related payments. The transaction would include its Acetyl-CoA Carboxylase (ACC) inhibitor program. |
| PCB Group Inc | MTS Systems Corp | 580.0 | MTS Systems Corp definitively agreed to acquire the entire share capital of PCB Group Inc, a Depew-based manufacturer of piezoelectric quartz sensors, accelerometers, and associated electronic products for $ 580 mil. |
| USI Senior Holdings Inc | Hennessy Capital Acquisition Corp II | 381.7 | Hennessy Capital Acquisition Corp II (HCA) definitively agreed to acquire the entire share capital of I Senior Holdings Inc, a Chicago-based provider of installation, construction, and distribution services, for an estimated $ 381.728 million. The consideration would consist of an estimated $ 313 million in cash and the issuance of 7.1 million HCAC new common shares collectively valued at $ 68.728 million. The shares were valued based on HCA's closing stock price of $ 9.68 on 01 April 2016, the last full trading day prior to the announcement. The transaction would include United Subcontractors Inc. Upon completion of the deal, HCA would be renamed as I Holdings Inc. |
| TradeKing Group Inc | Ally Financial Inc | 275.0 | Ally Financial Inc agreed to acquire the entire share capital of TradeKing Group Inc, a Fort Lauderdale-based provider of online brokerage services, for an estimated $275 million. |
| Evanta Inc | CEB Inc | 275.0 | CEB Inc plans to acquire Evanta Inc, a Portland-based trade show organizer, from Leeds Equity Partners LLC. Terms were not disclosed, but according to sources with knowledge of the transaction, the deal is estimated to be valued at $275 million. |
| Chicopee Bancorp Inc | Westfield Financial Inc | 110.8 | Westfield Financial Inc definitively agreed to merge with Chicopee Bancorp Inc, a Chicopee-based bank holding company, via a stock swap transaction valued at $110.756 million. Westfield offered 2.425 common shares per Chicopee share. Based on Westfield's closing stock price of $8.46 on 01 April 2016, the last full trading day prior to the announcement, each Chicopee share was valued at $20.516. Upon completion of the deal, Westfield and Chicopee will own 51% and 49% respectively of the new entity, which will be renamed as Western New England Bancorp Inc. |
| Oasis Apartment Complex | DiNapoli Capital Partners | 106.5 | DiNapoli Capital Partners acquired Oasis Apartment Complex, a Waipahu-based lessor of residential buildings and dwellings, for $106.5 million. |
| Genesis Genetics LLC | The Cooper Cos Inc | 60.0 | The Cooper Cos Inc acquired Genesis Genetics LLC, a Plymouth-based provider of genetic screening (PGS) and preimplantation genetic diagnosis services, for $60 million. |
| Magnum Semiconductor Inc | GigOptix Inc | 55.1 | GigOptix Inc definitively agreed to acquire Magnum Semiconductor Inc, a Milpitas-based manufacturer of semiconductors and related device, from Investcorp International Inc and August Capital, for $55.112 million. The consideration would consist of $38.5 million in cash and the issuance of 7.1 million GigOptix common shares collectively valued at $19.312 million. The shares were valued based on Gigoptix's closing stock price of $2.72 on 01 April 2016, the last full trading day prior to the announcement. |
| Flathead Bank of Bigfork,Bigfork,Montana | First Interstate Bank of Montana,Kalispell,Montana | 34.2 | First Interstate Bank of Montana, a unit of First Interstate BancSystem Inc, definitively agreed to acquire the entire share capital of Bigfork-based Flathead Bank of Bigfork, from Flathead Holding Co of Bigfork for an estimated $ 34.2 million in cash. |
| Clearview International LLC | Zayo Group Holdings Inc | 18.9 | Zayo Group Holdings Inc, a unit of Communications Infrastructure Investments LLC, acquired Clearview International LLC, a Dallas-based provider of data collocation and cloud infrastructure services, for $ 18.9 mil. |
| Giggle Fiber LLC | Vertex Telecom Inc | 15.0 | Vertex Telecom Inc, a unit of Dr. Peng Holding Inc, plans to acquire the entire share capital of Giggle Fiber LLC, an internet service provider, from David Haverkate (45%), Mark Haverkate (31%), Jeff Decker (20%), Paul Haverkate (1.5%), Mark Dineen (1.5%) and Dan Silverstein (1%) for a total of $15 million. |
| AurionPro Solutions Ltd-IT Services Business | Saicon Consultants Inc | 10.0 | Saicon Consultants Inc acquired the IT services business of AurionPro Solutions Ltd, a Mumbai-based software publisher, for an estimated $10 milion. |
| Excalibur Engineering Inc | Transcat Inc | 7.4 | Transcat Inc acquired Excalibur Engineering Inc, an Irvine-based manufacturer of measurement and control instrumentation, for a $7.35 million. |
| Waverly-Cedar Falls Health Care Center Inc | CareTrust REIT Inc | 5.0 | CareTrust REIT Inc acquired Waverly-Cedar Falls Health Care Center Inc, a Cedar Falls-based owner and operator of a skilled nursing facility, for an estimated $5 million. Concurrently, CareTrust acquired the Victory Park Nursing Home and Victoria Retirement Community. |
| eHealth Data Solutions LLC | ABILITY Network Inc | | ABILITY Network Inc acquired eHealth Data Solutions LLC, an Yellow Springs-based developer of software. Terms were not disclosed. |
| Andre-Romberg Insurance Agency Inc | Alliant Insurance Services Inc | | Alliant Insurance Services Inc, a unit of Kohlberg Kravis Roberts & Co LP, acquired Andre-Romberg Insurance Agency Inc, a Spokane-based insurance agency. Terms were not disclosed |
| Best Way Auto & Truck Rental Inc | American Commerce Solutions Inc | | American Commerce Solutions Inc acquired Best Way Auto & Truck Rental Inc, a provider of passenger car rental services. |
| Capitol Benefits Group | Arthur J Gallagher & Co | | Arthur J Gallagher & Co acquired Capitol Benefits Group, an Oklahoma City-based provider of employee benefit insurance brokerage and consulting services. Terms were not disclosed. |
| the e-tailing group inc | Astound Commerce Corp | | Astound Commerce Corp acquired the e-tailing group inc, a Chicago-based provider of ecommerce consulting services. |
| Site9 Inc | Astound Commerce Corp | | Astound Commerce Corp acquired Site9 Inc, a Portland-based developer of prototyping software. |
| Atlantic Building Products Inc | Beacon Roofing Supply Inc | | Beacon Roofing Supply Inc acquired Atlantic Building Products Inc, a provider of engineering services. |
| Lyf-tym Building Products Co Inc | Beacon Roofing Supply Inc | | Beacon Roofing Supply Inc acquired Lyf-tym Building Products Co Inc, a Charlotte-based manufacturer and wholesaler of low-maintenance exterior building products. |
| The Natural Pet LLC | Bentley's Pet Stuff Ltd | | Bentley's Pet Stuff Ltd acquired The Natural Pet LLC, a Milwaukee-based pet store operator. |
| Bonzi Technology Inc | Blue Star Sports | | Blue Star Sports acquired Bonzi Technology Inc, a Tualatin-based provider of sports management and communication systems. |
| Saber Healthcare Group LLC-Victory Park Nursing Home, Victoria Retirement Community | CareTrust REIT Inc | | CareTrust REIT Inc acquired the Victory Park Nursing Home and the Victoria Retirement Community of Saber Healthcare Group LLC, a Cleveland-based owner and operator of skilled nursing and rehabiliation facilities. Concurrently, CareTrust acquired the Cedar Falls Health Care Center. |
| Savitz Organization Inc | CBIZ Inc | | CBIZ Inc acquired Savitz Organization Inc, a Philadelphia-based provider of employee retirement and health and welfare benefits services. |
| EXTOL International Inc | Cleo Software | | Cleo Software acquired EXTOL International Inc, a software publisher. |
| Physicians' Specialty Hospital LLC | Community Health Systems Inc | | Community Health Systems Inc, through its subsidiary, acquired an 80% interest in Physicians' Specialty Hospital LLC, a Fayetteville-based hospital operator. |
| Axiom Insurance Agency Inc | Confie Seguros Inc | | Confie Seguros Inc, a unit of ABRY Partners LLC, acquired Axiom Insurance Agency Inc, a New Bedford-based insurance agency. |
| Alliance Fiber Optic Products Inc | Corning Inc | | Corning Inc planned to acquire Alliance Fiber Optic ProductsInc, a Sunnyvale-based manufacturer of semiconductors and related device. |
| Sweigh Inc | CPXi | | CPXi acquired Sweigh Inc, a Centerport-based software publisher. |
| Oleen Pinnacle Healthcare Consulting LLC | Cumberland Consulting Group LLC | | Cumberland Consulting Group LLC, a unit of Tailwind Capital Partners LP, acquired Oleen Pinnacle Healthcare Consulting LLC, a Silver Spring-based provider of information technology consulting services. |
| East River Bank | DNB Financial Corp | | DNB Financial Corp plans to acquire East River Bank, a Philadelphia-based provider of financing services. Terms were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $ 49 mil. |
| Langer Printing Co Inc | Dr. Graphx Inc | | Dr Graphx acquired Langer Printing Co, an Ave Skokie-based provider of commercial flexographic printing services. |
| Tregin Solutions Inc | Duff & Phelps Corp | | Duff & Phelps Corp acquired Tregin Solutions Inc, a Portland-based provider of legal management consulting services. |
| Afx Industries LLC | Exco Technologies Ltd | | Exco Technologies Ltd of Canada acquired Afx Industries LLC, a Port Huron-based wholesaler of plastics materials in basic forms and shapes The deal was reportedly valued at $77 million. |
| Aspen Park Pharmaceuticals Inc | Female Health Co | | Female Health Co (FHC) definitively agreed to merge with Aspen Park Pharmaceuticals Inc (APP), a New York-based developer and manufacturer of oncology and men's and women's health therapeutics and consumer health products. Upon completion of the deal, FHC and APP would own 55% and 45%,of the merged entity respectively. |
| Annex Group Inc | FinishMaster Inc | | FinishMaster Inc, a unit of Uni-Select Inc, acquired Annex Group Inc, a Los Angeles-based paint, varnish and supplies merchant wholesaler. |
| Forsythe Appraisals LLC | First American Mortgage Solutions LLC | | First American Mortgage Solutions LLC, a unit of First American Financial Corp, acquired Forsythe Appraisals LLC, a St. Paul-based provider of real estate appraisal services. |
| Singa Energy Solutions | First Colombia Gold Corp | | First Colombia Gold Corp of Colombia agreed to acquire the entire share capital of Singa Energy Solutions, an energy production and consulting company. |
| Century Fire Protection Inc | FirstService Corp | | FirstService Corp of Canada acquired Century Fire Protection Inc, a Duluth-based provider of non-union fire and life safety services, from Wafra Partners LLC. Terms were not disclosed. |
| Ivanhoe Energy Holdings Inc | FluidOil Ltd | | FluidOil Ltd of the UK acquired Ivanhoe Energy Holdings Inc, an oil and gas exploration and production company, from Ivanhoe Energy Inc. |
| ARRYVE LLC | Grant Thornton LLP | | Grant Thornton LLP, a unit of Grant Thornton InternationalLtd, acquired ARRYVE LLC, a Bellevue-based provider of management consulting services. |
| McNamara, Bolla & Panzer PC | High Swartz LLP | | High Swartz LLP merged with McNamara, a Doylestown-based law office. McNamara Bolla & Panzer is now operating as High Swartz LLP. |
| PA Post Agency LLC | Hilb Group LLC | | Hilb Group LLC, a unit of BHMS Investments LP, acquired PA Post Agency LLC, a Mahwah-based insurance agency. |
| Pickett and Associates Inc | Hub International Ltd | | Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Pickett and Associates Inc, a Bartow-based provider of engineering services. |
| BenBilt Building Systems LP | Huttig Building Products Inc | | Huttig Building Products Inc acquired BenBilt Building Systems LP, a Greensburg-based manufacturer of doors. |
| Ensim Corp | Ingram Micro Inc | | Ingram Micro Inc definitively agreed to acquire Ensim Corp, a Santa Clara-based software publisher. |
| This Old House Ventures LLC | Investor Group | | An investor group comprised of TZP Group LLC's unit TZP Growth Partners I LP and Eric Thorkilsen agreed to acquire This Old House Ventures LLC, a New York-based provider of multi-media home improvement brand services, from Time Inc. Terms were not disclosed. |
| Veriteq Corp-Asset Portfolio | JAMM Technologies LLC | | JAMM Technologies LLC acquired the asset portfolio of Veriteq Corp, a Delray Beach-based manufacturer of communications equipment. |
| Suburban Elevator | KONE Oyj | | KONE Oyj of Finland acquired Suburban Elevator, an East Dundee-based building equipment contractor. |
| Browsersoft Inc | Lightbeam Health Solutions LLC | | Lightbeam Health Solutions LLC acquired Browsersoft Inc, a Shawnee Mission-based provider of ambulatory health care services. |
| Corporate Consulting Services Inc | Marsh & McLennan Agency LLC | | Marsh & McLennan Agency LLC, a unit of Marsh Inc, acquired Corporate Consulting Services Inc, a San Francisco-based provider of management consulting services, from InterSearch Group Inc, ultimately owned by Banks.Com Inc. |
| Skyscope | Matter Communications Inc | | Matter Communications Inc acquired Skyscope, a Worcester-based producer of motion pictures and videos. |
| 850/Park Avenue Tower MPH Member LLC | MHP Real Estate Services LLC | | MHP Real Estate Services LLC acquired 850/ Park Avenue Tower MPHMember LLC, lessor of nonresidential buildings, from Shorenstein Realty Services LP. |
| Vaddio LLC | Milestone AV Technologies Inc | | Milestone AV Technologies Inc, a unit of Duchossois Industries Inc, acquired Vaddio LLC, a New Hope-based manufacturer of audio and video equipment, from Thompson Street Capital Partners LP. |
| Interconnect Systems Inc | Molex Inc | | Molex Inc, a unit of Koch Industries Inc, acquired Interconnect Systems Inc, a Simi Valley-based manufacturer of bare printed circuit boards. |
| Elastic Stop Nut Corp of America | Novaria Group Inc | | Novaria Group Inc acquired Elastic Stop Nut Corp of America, a North Richland Hills-based manufacturer of hardware, from MacLean-Fogg ComponentSolutions LLC, ultimately owned by MacLean-Fogg Co. |
| Victory Blue LLC | Old World Industries LLC | | Old World Industries LLC acquired Victory Blue LLC, a Southlake-based heating oil dealer. |
| Nautilus Poplar LLC | One Stone Holdings II LP | | One Stone Holdings II LP, a unit of One Stone Energy Partners LP, agreed to acquire the entire share capital of Nautilus Poplar LLC, a Poplar-based oil and gas exploration and production company, from Magellan Petroleum Corp in exchange for an undisclosed amount of Magellan convertible preferred shares that One Stone owns. The deal would be done via a leveraged buyout transaction. |
| Parfums de Coeur Ltd | Original Additions (Beauty Products) Ltd | | UK - Parfums de Coeur Ltd of the acquired Original Additions (Beauty Products) Ltd, a Hayes, Middlesex-based beauty salon operator. |
| The Palisades Group LLC | Palisades Holdings I LLC | | Palisades Holdings I LLC agreed to acquire the entire share capital of The Palisades Group LLC, a Los Angeles-based provider of investment advisory services, from Banc of California Inc. |
| Genwi Inc | Persistent Systems Ltd | | Persistent Systems Ltd of India acquired Genwi Inc, a San Jose-based software publisher. |
| Genwi Inc | Persistent Systems Ltd | | Persistent Systems Ltd of India acquired Genwi Inc, a San Jose-based developer of mobile applications software. |
| Giftcard Zen Inc | RetailMeNot Inc | | RetailMeNot Inc acquired Giftcard Zen Inc, a gift and novelty store operator. Terms were not disclosed, but according to sources close to the transaction, the deal was valued at $22 million. |
| Suncoke Energy Inc-Coal Mining Business | Revelation Energy LLC | | Revelation Energy LLC acquired coal mining business of Suncoke Energy Inc, a Lisle-based steel mill operator, owned by Sunoco Inc. Originally, In March 2014, Suncoke Energy Inc was seeking a buyer for its coal mining business. |
| Momentum Textiles Inc | Riverside Co | | Riverside Co acquired Momentum Textiles Inc, an Irvine-based textile wholesaler, from Norwest Equity Partners via a leveraged buyout transaction. Terms were not disclosed. |
| MetaMind Inc | Salesforce.com Inc | | Salesforce.com Inc acquired MetaMind Inc, a Palo Alto-based provider of artificial intelligence enterprise services. |
| Maine Woods Biomass Exports LLC | Scepter Holdings Inc | | Scepter Holdings Inc agreed to acquire an 80% interest in Maine Woods Biomass Exports LLC, a Searsport-based manufacturer of biomass-wood chip products. |
| ITapp | ServiceNow Inc | | ServiceNow Inc agreed to acquire ITapp, a Santa Clara-based software publisher. |
| North Florida Anesthesia Consultants Inc | Sheridan Healthcare Inc | | Sheridan Healthcare Inc, a unit of AmSurg Corp, acquired North Florida Anesthesia Consultants Inc, a Birmingham-based provider of anesthesiology services. |
| LM Scofield Co | Sika Corp | | Sika Corp, a unit of Sika AG, acquired LM Scofield Co, a Los Angeles-based manufacturer of color additives and decorative products. |
| Linear Title & Closing Ltd | Solidifi Inc | | Solidifi Inc, a unit of Zaio Inc, acquired Linear Title & Closing Ltd, a Middletown-based direct title insurance carrier. The terms were not disclosed, but according to sources with knowledge of the transaction, the deal was valued at $ 96 mil. |
| NBG Bancorp Inc | State Bank Financial Corp | | State Bank Financial Corp plans to acquire NBG Bancorp Inc, an Athens-based provider of financial investment services. |
| Nelson Laboratories Inc | Sterigenics International Inc | | Sterigenics International Inc, a unit of Warburg Pincus LLC, acquired Nelson Laboratories Inc, a Salt Lake City-based provider of microbiology testing services, from MWI Veterinary Supply Inc, ultimately owned by AmerisourceBergen Corp. Terms were not disclosed. |
| NFP Corp | Stone Point Capital LLC | | Stone Point Capital LLC agreed to acquire an undisclosed majority interest in NFP Corp, a New York-based insurance agency, from Madison Dearborn Partners LLC via a secondary buyout transaction. Terms were not disclosed. Upon completion of the deal, NFP would be renamed as Kestra Financial. Previously, Madison acquired NFP in a leveraged buyout transaction. |
| StatPay.MD | Swervepay LLC | | Swervepay LLC acquired StatPay.MD, a Chicago-based provider of health care services. Terms were not disclosed. |
| Childrens Emergency Services Inc | Team Health Holdings Inc | | Team Health Holdings Inc acquired Childrens Emergency Services Inc, a Dayton-based provider of ambulatory health care services. |
| Frontline Test Equipment Inc | TELEDYNE LECROY INC | | Teledyne LeCroy Inc, a unit of Teledyne Technologies Inc, acquired Frontline Test Equipment Inc, a Charlottesville-based wireless telecommunications carrier. |
| TK Enterprises | The Jordan Co LP | | The Jordan Co LP acquired TK Enterprises, a Dallas-based manufacturer of hardware, via a leveraged buyout transaction. Terms were not disclosed. |
| Alterna'TV International Corp | Thema SAS | | Thema SAS of France acquired Alterna'TV International Corp, a Coral Gables-based provider of television broadcasting services, from Satelites Mexicanos SA de CV (SATMEX), ultimately owned by Eutelsat Communications SA. Terms were not disclosed. |
| Skillbridge Inc | Toptal LLC | | Toptal LLC acquired Skillbridge Inc, a New York-based software publisher. |
| Tidelands Bancshares Inc | United Community Banks Inc | | United Community Banks Inc planned to acquire Tidelands Bancshares Inc, a Mount Pleasant-based commercial bank. |
| Starmount Life Insurance Company Inc | Unum Group | | Unum Group plans to acquire Starmount Life Insurance Company Inc, a direct health and medical insurance carrier. Terms were not disclosed, but according to sources close to the transaction, the deal is estimated to be valued at $127 million. |
| Strickland Bridge Inc | US Concrete Inc | | US Concrete Inc acquired Strickland Bridge Inc, a commercial building constructor. |
| Comic Book Resources | Valnet Inc | | Valnet Inc of Canada acquired Comic Book Resources, a North Hollywood-based provider of comic book related news, reviews, and discussion online platform. |
| Soul Train Holdings LLC | Viacom Inc | | Viacom Inc, through its BET Networks division, acquired Soul Train Holdings LLC, a Culver City-based provider of music program television services, from InterMedia Partners LP and The Yucaipa Cos LLC. |
| Savannah Midtown | Waterton Residential Property | | Waterton Residential Property, a unit of Waterton Associates LLC, acquired Savannah Midtown, an Atlanta-based lessor of residential buildings and dwellings. |
| Always For Me LLC | Waveland Investments LLC | | Waveland Investments LLC acquired Always For Me LLC, a Hauppauge-based internet service provider, via a leveraged buyout transaction. |
| ATX Premier Insurance Co | Windhaven Insurance Co | | Windhaven Insurance Co acquired ATX Premier Insurance Co, a Dallas-based provider of property and casualty insurance services, from NationsBuilders Insurance Services Inc. |
| | | | |
| US M&A Deals Announced April 1 to 7, 2016 | | | |
| Source: Thomson Reuters | | | |
