| Target | Acquirer | Value ($millions) | Synopsis |
|---|
| Post Properties Inc | Mid-America Apartment Communities Inc | 3,883.7 | Mid-America Apartment Communities Inc definitively agreed to merge with Post Properties Inc, an Atlanta-based real estate investment trust, for $3.884 billion via a stock swap transaction. MAA offered 0.71 common shares per PPS common share. Based on MAA's closing stock price of $102.15 on 12 August 2016, the last full trading day prior to the announcement, each PPS share was valued at $72.527. Upon completion of the deal, MAA and PPS would respectively own 67.7% and 32.3% of the merged entity. Originally, in August 2016, PPS was rumored to be planning to acquire the entire share capital of MAA. |
| United Guaranty Corp | Arch Capital Group Ltd | 3,425.0 | Arch Capital Group Ltd of Bermuda, definitively agreed to acquire the entire share capital of United Guaranty Corp, a Greensboro-provider of mortgage insurance products and services, from American International Group Inc for an estimated total of $3.425 billion. The consideration would consist of around $2.2 bil, $250 million in Arch new preferred shares, and $975 million in Arch convertible preferred shares. Originally, in August 2016, Arch was rumored to be planning to acquire UGC. |
| G&K Services Inc | Cintas Corp | 1,960.2 | Cintas Corp definitively agreed to merge with G&K Services Inc, a Minnetonka-based provider of uniform rental and washing services, for $97.50 per share or a total of $1.96 billion. |
| Sensus USA Inc | Xylem Inc | 1,700.0 | Xylem Inc definitively agreed to acquire Sensus USA Inc, a Raleigh-based manufacturer of metering systems, from Sensus Metering Systems Ltd, a unit of The Jordan Co LP's Resolute Fund LP subsidiary, for an estimated $1.7 billion. Originally, in May 2016, Sensus announced that it was seeking a buyer for the company. |
| Reliance Energy Inc-Certain Oil & Natural Gas Properties & Related Assets | Concho Resources Inc | 1,667.1 | Concho Resources Inc definitively agreed to acquire certain oil & natural gas properties & related assets from Reliance Energy Inc, a Midland-based oil and gas exploration and production company, for an estimated $1.667 billion. Concho offered a choice of $1.625 billion in cash or $1.138 billion in cash and 3.96 million Concho common shares collectively valued at $529.571 million. The shares were valued based on Conco's closing stock price of $133.73 on 12 August 2016, the last full trading day prior to the announcement. |
| RCN Corp | TPG Capital LP | 1,600.0 | TPG Capital LP definitively agreed to acquire RCN Corp, a Princeton-based provider of cable television, bundled telephone and high speed Internet services, from ABRY Partners LLC for $1.6 billion via a secondary buyout transaction. Concurrently, TPG definitively agreed to acquire Grande Communications Networks LLC. Previously, ARBY acquired RCN. Originally, in August 2016, TPG was rumored to be planning to acquire RCN. |
| Cardinal Financial Corp | United Bankshares Inc,Charleston,West Virginia | 909.5 | United Bankshares Inc definitively agreed to merge with Cardinal Financial Corp, a Mclean-based bank holding company, via a stock swap transaction valued at $909.51 million. UBSI offered 0.71 common shares per CFNL common share. Based on UBSI's closing stock price of $38.91 on 17 August 2016, the last full trading day prior to the announcement, each CFNL share was valued at $27.626. |
| HeidelbergCement AG-US Assets | Argos USA Corp | 660.0 | Argos USA Corp, a unit of Cementos Argos SA, definitively agreed to acquire the US assets of HeidelbergCement AG, a Heidelberg-based manufacturer and wholesaler of construction products, for $660 million. Originally, in April 2016, HeidelbergCement was rumored to be seeking a buyer for its US assets. |
| Grande Communications Networks LLC | TPG Capital LP | 650.0 | TPG Capital LP definitively agreed to acquire Grande Communications Networks LLC, a San Marcos-based wired telecommunications carrier, from ABRY Partners LLC for $650 million via a secondary buyout transaction. Concurrently, TPG definitively agreed to acquire RCN Corp. Previously, TPG was rumored to be planning to acquire Grande. Originally, ABRY acquired Grande. |
| SunEdison Semiconductor Ltd | Globalwafers Co Ltd | 508.4 | Taiwan's Globalwafers Co Ltd, a unit of Sino-American Silicon Products Inc, definitively agreed to acquire the entire share capital of SunEdison Semiconductor Ltd, a St. Peters-based manufacturer of semiconductors and related device, from SunEdison Inc for $12 per share or a total of $508.432 million via a scheme of arrangement. |
| Honeywell Technology Solutions Inc | KBR Inc | 300.0 | KBR Inc definitively agreed to acquire Honeywell Technology Solutions Inc, a Columbia-based provider of engineering services, from Honeywell International Inc for an estimated $300 million. |
| Gawker Media LLC | Univision Holdings Inc | 135.0 | Univision Holdings Inc agreed to acquire Gawker Media, a New York-based online media services, for an estimated $135 million. Originally, Gawker Media was rumored to be seeking a buyer in May 2016. |
| Providence & Worcester Railroad Co | Genesee & Wyoming Inc | 122.3 | Genesee & Wyoming Inc definitively agreed to acquire the entire share capital of Providence & Worcester Railroad Co for $25 per share or a total of $122.283 mil. |
| Tanger Outlets,Savannah,Georgia | Tanger Factory Outlet Centers Inc | 15.0 | Tanger Factory Outlet Centers Inc acquired the remaining 50% interest it did not already own in Tanger Outlets Savannah, an outlet mall in Georgia, from its joint venture partner Ben Carter Enterprises LLC for $15 million. |
| Philosophy IB LLP | Heidrick & Struggles International Inc | 14.0 | Heidrick & Struggles International Inc agreed to acquire Philosophy IB LLP, a Florham Park-based provider of administrative management and general management consulting services, for an estimated $14 million. The consideration would consist of $6 million and up to $8 million in profit-related payments. |
| Fletcher's Fine Foods Inc | Hempler Foods Group LLC | 5.0 | Hempler Foods Group LLC, a unit of Premium Brands Holdings Corp, agreed to acquire Fletcher's Fine Foods Inc, an Auburn-based producer of smoked meat products, for an estimated $5 million. |
| Ajillus Inc | Agile Network LLC | | Agile Network LLC entered into an agreement to acquire Ajillus Inc, a Seattle-based provider of logistics consulting services. |
| Indigo Apartment Homes in Redwood City | Apartment Investment & Management Co | | Apartment Investment & Management Co acquired the Indigo Apartment Homes in Redwood City. Terms were not disclosed, but according to sources close to the matter, the deal was valued around $320 million. |
| Starboard Collection | Architec Housewares | | Architec Housewares acquired Starboard Collection, a South Burlington-based manufacturer of dining-on-the-go serving products made from break-resistant plastic polypropylene. |
| Madeira Housewares | Architec Housewares | | Architec Housewares acquired Madeira Housewares, a Jupiter-based firm specializing in the manufacture and distribution of plantation teak cutting boards. |
| SAMsix | Arcos Inc | | Arcos Inc, a unit of Riverside Co, acquired SAMsix, a New Paltz-based software publisher. |
| KMJ International Inc | Athos Group LLC | | Athos Group LLC plans to acquire the entire share capital of KMJ International Inc, an Edmonds-based retailer of home repair and improvement materials and supplies. |
| Warehouse & Distribution Building | Bixby Land Co | | Bixby Land Co acquired a warehouse and distribution building in San Bernardino. Terms were not disclosed, but according to sources close to the matter, the deal was valued at around $10.2 million. |
| Davalor Mold Corp | Blackford Capital LLC | | Blackford Capital LLC acquired Davalor Mold Corp, a Chesterfield-based manufacturer of plastics products, via a leveraged buyout transaction. |
| SDI Camps & Races LLC | Blue Star Sports | | Blue Star Sports acquired SDI Camps & Races LLC, a Lafayette-based recreational and vacation camp operator. |
| Lamborghini North Los Angeles | Boardwalk Auto Group | | Boardwalk Auto Group acquired Lamborghini North Los Angeles, a Los Angeles-based new car dealer. |
| Sand Sports Super Show | Bonnier Corp | | Bonnier Corp acquired Sand Sports Super Show, a Torrance-based sports club. |
| Global Frozen Trucking Inc | BT-Twiss Transport LLC | | BT-Twiss Transport LLC plans to acquire Global Frozen Trucking Inc, a Pinellas Park-based provider of specialized freight trucking services. |
| Dojo Labs Inc | BullGuard Ltd | | BullGuard Ltd of the UK acquired Dojo Labs Inc, a Palo Alto-based provider of computer related services. |
| KFS Inc | Business Intelligence Group | | Business Intelligence Group acquired KFS Inc, a Forth Worth-based provider of logistics services, from SCL Group. |
| Longhorn Paper Converting | Cascades Inc | | Cascades Inc of Canada acquired an undisclosed majority interest in Longhorn Paper Converting, a Grand Prairie-based manufacturer of paper industry machinery. Terms were not disclosed. |
| Breensmith Advertising | Chemistry Communications Inc | | Chemistry Communications Inc acquired Breensmith Advertising, a New Atlanta-based advertising agency. |
| Honest Cooking Media Co | Content Checked Holdings Inc | | Content Checked Holdings Inc of China acquired Honest Cooking Media Co, a Los Angeles-based internet portal operator. |
| Professional Diversity Network Inc | Cosmic Forward Ltd | | Cosmic Forward Ltd of Seychelles plans to acquire a 51% interest in Professional Diversity Network Inc, a Chicago-based provider of data processing and hosting services. |
| HDIS Inc | Domtar Corp | | Domtar Corp of Canada agreed to acquire HDIS Inc, an Olivette-based wholesale trade agent. |
| Swift River Co | Eagle Creek Renewable Energy LLC | | Eagle Creek Renewable Energy LLC, a unit of Hudson Clean Energy Partners LP, acquired Swift River Co, a Hamilton-based manufacturer of heating equipment. |
| Paul Davis of Fairfield & Westchester Counties | FirstService Corp | | FirstService Corp of Canada acquired Paul Davis of Fairfield & Westchester Counties, a Ridgefield-based residential remodeler. Terms were not disclosed. |
| Conspire | FullContact Inc | | FullContact Inc acquired Conspire, a Boulder-based provider of management consulting services. |
| Smile Brands Group Inc | Gryphon Investors Inc | | Gryphon Investors Inc acquired Smile Brands Group Inc, an Irvine-based provider of ambulatory health care services, from Welsh Carson Anderson & Stowe via a leveraged buyout transaction. |
| Multivista Systems LLC | Hexagon AB | | Hexagon AB of Sweden acquired Multivista Systems LLC, a Phoenix-based provider of professional services. |
| Risk Parnters Inc | Holman Insurance Services LLC | | Holman Insurance Services LLC acquired Risk Parnters Inc, a Medford-based provider of insurance related services. |
| Stebbins-Duffy Inc | HTS New England | | HTS New England plans to acquire the entire share capital of Stebbins-Duffy Inc, a Peabody-based manufacturer of air-conditioning equipment. |
| ResponseLogic | iAnalyst Inc | | iAnalyst Inc acquired ResponseLogic, an Ashland-based reproducer of software. |
| CyberCare Health Network LLC- certain assets | iGambit Inc | | iGambit Inc signed a letter of intent to acquire certain assets from CyberCare Health Network LLC, a Palm Beach Gardens-based manufacturer of advanced patient monitoring equipment. |
| Southern Insulators & Specialties LLC | Installed Building Products Inc | | Installed Building Products Inc acquired Southern Insulators & Specialties LLC, a Mandeville-based manufacturer of glassware. |
| Integrated Dermatology of Coral Gables LLC | Integrated Dermatology Group | | Integrated Dermatology Group acquired Integrated Dermatology of Coral Gables LLC, a Coral Gables-based physician's office operator. |
| AcuteCare Telemedicine | InTouch Health | | InTouch Health acquired AcuteCare Telemedicine, an Atlanta-based hospital operator. |
| Constellis Holdings Inc | Investor Group | | A management-led investor group comprised of Apollo Global Management LLC, Forte Capital Advisors and Manhattan Partners LP, plans to acquire Constellis Holdings Inc, a Reston-based provider of security guard and patrol services, from Forte Capital Advisors and Manhattan Partners LP via a leveraged buyout transaction. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at around $1 billion. |
| YES Communities Inc | Investor Group | | An investor group, comprised of Singapore state-owned GIC Pte Ltd and an undisclosed institutional investor, acquired a 71% interest in YES Communities Inc, a Denver-based owner and operator of manufactured home communities, from Stockbridge Capital Group LLC and other undisclosed shareholders. Terms were not disclosed. Originally, GIC was rumored to be planning to acquire YES. |
| Office Building,Plainsboro,NJ | Investor Group | | An investor group comprised of Hana Asset Management Co Ltd, a unit of Hana Asset Trust Co Ltd, acquired Novo Nordisk Inc.’s North American headquarters in New Jersey from a venture of Ivy Equities LLC, LCOR Inc. and Intercontinental Real Estate Corp. The property comprises nine buildings sited on a 58-acre land. Terms were not disclosed, but according to sources close to the matter, the deal was valued around $305 million. |
| RCL Benziger | Kendall Hunt Publishing Company | | Kendall Hunt Publishing Company plans to acquire RCL Benziger, a Cincinnati-based book publisher. |
| Praxair Inc | Linde AG | | Linde AG of Germany is rumored to be planning to acquire the entire share capital of Praxair Inc, a Danbury-based manufacturer of industrial gas. |
| Consolidated Distribution Corp | Lineage Logistics Holdings LLC | | Lineage Logistics Holdings LLC acquired Consolidated Distribution Corp, a Lemont-based provider of management consulting services. |
| Maternal Fetal Medicine of Southwest Florida PA | Mednax Inc. | | Mednax Inc acquired Maternal Fetal Medicine of Southwest Florida, a Port Charlotte-based family planning center operator focused on maternal and fetal medicine. |
| CLT Logistics Center | Meritex Enterprises Inc | | Meritex Enterprises Inc acquired CLT Logistics Center in Charlotte. |
| ON Light Sciences Inc | Merz North America | | Merz North America, a unit of Merz Pharma GmbH & Co KGaA, acquired ON Light Sciences Inc, a Dublin-based medical equipment and supplies merchant wholesaler. |
| Beam | Microsoft Corp | | Microsoft Corp agreed to acquire Beam, a Seattle-based provider of live video platform services. |
| The Car Wash Barn | Mister Car Wash Inc | | Mister Car Wash Inc, a unit of ONCAP Management Partners LP, acquired The Car Wash Barn, a Killeen-based car wash operator. |
| Phillips-Medisize Corp | Molex LLC | | Molex Inc, a unit of Koch Industries Inc, plans to acquire Phillips-Medisize Corp, a Hudson-based manufacturer of plastics products. |
| Terrace Park Professional Center | Montecito Medical Investment Co | | Montecito Medical Investment Co acquired Terrace Park Professional Center, a three-story medical office building in Bettendorf. |
| Aegis Wealth Partners | National Financial Network | | National Financial Network acquired Aegis Wealth Partners, a Madison-based provider of financial investment services. |
| Geiss, Destin & Dunn Inc | Perrigo Co PLC | | Perrigo Co PLC of Republic of Ireland plans to acquire Geiss, a Peachtree City-based manufacturer and wholesaler of over-the-counter and prescription pharmaceuticals. |
| Ash Stevens Inc | Piramal Enterprises Ltd | | Piramal Enterprises Ltd of India plans to acquire Ash Stevens Inc, a Riverview-based manufacturer of pharmaceutical preparation. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at around $42.95 million. |
| BLEgroup | Public Consulting Group Inc | | Public Consulting Group Inc acquired BLEgroup, a provider of management consulting services. |
| ERTH Products LLC | Q2Power Technologies Inc | | Q2Power Technologies Inc signed a letter of intent to acquire ERTH Products LLC, a Tyrone-based manufacturer of fertilizers. The transaction would include Exceptional Products Inc. |
| Sobb Roberts Inc | Rehmann LLC | | Rehmann LLC, a unit of Parker Wittus & Co PLC, plans to acquire the entire share capital of Sobb Roberts Inc, a Toledo-based certified public accountant's office. |
| Aquatrove Biosciences Inc | Sasmar Pharmaceuticals SPRL | | Sasmar Pharmaceuticals SPRL of Belgium acquired the entire share capital of Aquatrove Biosciences Inc, a Chicago-based manufacturer of biological products. |
| The Resultants Inc | Sensiba San Filippo LLP | | Sensiba San Filippo LLP acquired The Resultants Inc, a Sunnyvale-based provider of administrative management and general management consulting services. |
| Eastpointe Shopping Center | Slate Retail REIT | | Slate Retail REIT of Canada plans to acquire the Eastpointe Shopping Center in Morgantown. The deal is expected to be valued at $11.6 million. |
| NFC Global | Spectrum-i LLC | | Spectrum-i LLC acquired NFC Global, a Horsham-based provider of data processing and hosting services. |
| Edwards & Zuck Consulting Engineers DPC | Stantec Inc | | Stantec Inc of Canada plans to acquire Edwards & Zuck Consulting Engineers DPC, a New York-based provider of engineering services. |
| Metropolitan Medical Partners LLC | Surgical Care Affiliates Inc | | Surgical Care Affiliates Inc acquired an undisclosed majority interest in Metropolitan Medical Partners LLC, a Chevy Chase-based hospital operator. |
| Mobilitat | Syncromatics Corp | | Syncromatics Corp, a unit of Grupo Tecnologico e Industrial GMV SA, acquired Mobilitat, a Green River-based software reproducer. |
| Entaire Global Companies Inc | Synovus Financial Corp | | Synovus Financial Corp plans to acquire Entaire Global Companies Inc, an Atlanta-based provider of insurance related services. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at around $30 million. |
| January Co | Tall Tree Foods Holdings Inc | | Tall Tree Foods Holdings Inc, a unit of Altamont Capital Partners LLC, acquired January Co, a Kent-based meat byproduct processor. |
| Sandwich Isle Pest Solutions | Terminix International Co LP | | Terminix International Co LP, a unit of Servicemaster Global Holdings Inc, acquired Sandwich Isle Pest Solutions, a Pearl City-based pest and termite control provider. |
| TGM Bay Isle | TGM Associates LP | | TGM Associates LP acquired TGM Bay Isle, a garden style apartment community with 582 units located in Saint Petersburg, Florida. |
| Provident Trust Group LLC | The Beneficient Co LP | | The Beneficient Co LP plans to acquire Provident Trust Group, a Las Vegas-based provider of financial investment services. The transaction is subject to regulatory approval. Terms were not disclosed. |
| NetMotion Wireless Inc | The Carlyle Group LLC | | Via leveraged buyout transaction, the Carlyle Group LP's unit The Carlyle Group LLC plans to acquire NetMotion Wireless Inc, a Seattle-based software publisher, from Clearlake Capital Group LP, ultimately owned by Reservoir Capital Group LLC. |
| AMPIRIX | The Combine | | The Combine acquired AMPIRIX, an Atlanta-based provider of management consulting services. |
| DPM Fragrance | Thymes LLC | | Thymes LLC acquired the entire share capital of DPM Fragrance, a Starkville-based manufacturer of toilet preparations. |
| Arpin Van Lines Inc-Military Division | Tier One Relocation LLC | | Tier One Relocation LLC, a unit of Southfield Capital Advisors LLC, acquired the military division of Arpin Van Lines Inc, a West Warwick-based provider of household goods moving and storage services and a unit of Arpin Group Inc. |
| Valley Insulation Inc | TopBuild Corp | | TopBuild Corp, a unit of Masco Corp, acquired Valley Insulation Inc, a Waynesboro-based provider of insulation contracting services. |
| Texas Family Fitness LLC | Topspin Partners | | Topspin Partners acquired an undisclosed majority interest in Texas Family Fitness LLC, a Frisco-based fitness and recreational sports center operator, via a leveraged buyout transaction. |
| Digithrive Inc | TPT Global Technology Inc | | TPT Global Technology Inc acquired Digithrive Inc, a Los Angeles-based mobile application software developer. |
| Curse Inc | Twitch Interactive Inc | | Twitch Interactive Inc, a unit of Amazon.com Inc, agreed to acquire Curse Inc, a Huntsville-based provider of online gaming support services. |
| Image Design Solutions LLC | United Subcontractors Inc | | United Subcontractors Inc, a unit of Wind Point Partners, acquired Image Design Solutions LLC, a Bloomingdale-based building materials dealer. |
| Desert View Hospital | Universal Health Services Inc | | Universal Health Services Inc acquired the Desert View Hospital in Pahrump, Nevada. |
| JD Holdings Inc | VanSpar Mining Inc | | British Virgin Islands' VanSpar Mining Inc, a unit of Sparton International Resources Inc, plans to acquire the entire share capital of JD Holdings Inc, a provider of financial investment services. Terms were not disclosed, but according to sources close to the matter, the deal is expected to be valued at $3.3 million. |
| Park Central I office building in Dallas, Texas | Watermark Community Church | | Watermark Community Church acquired the eight-story Park Central I office building in Dallas from Hartman Income REIT Management Inc, Houston-based real estate investor. |
| Nature's Pearl Corp | Youngevity International Inc | | Youngevity International Inc entered into a definitive agreement to acquire Nature's Pearl Corp, an Advance-based manufacturer and direct seller of Muscadine Grape products. |
| CD Diagnostic Inc | Zimmer Biomet Holdings Inc | | Zimmer Biomet Holdings Inc acquired CD Diagnostic Inc, a Claymont-based diagnostics company that develops immunoassays for joint diseases. Terms were not disclosed. |
| US M&A Deals Announced August 12 to August 18, 2016 | | | |
| Source: Thomson Reuters | | | |
