TargetAcquirerValue ($millions)Synopsis
DirecTV IncAT&T Inc48,082.3AT&T Inc (AT&T) definitively agreed to acquire the entire share capital of DirecTV Inc (DirecTV), an El Segundo-based provider of cable television services, in a stock swap transaction valued at $48.082 billion. AT&T offered $28.5 cash and $66.5 in AT&T common shares for every DirecTV common share. Each DirecTV share is valued at $95. Originally, AT&T was rumored to be planning to acquire the entire share capital of DirecTV.
Hess Retail CorpSpeedway LLC2,874.0Speedway LLC, a unit of Marathon Petroleum Corp, definitively agreed to acquire Hess Retail Corp (Hess Retail), a New York-based owner and operator of gas stations and convenience stores, from Hess Corp (Hess), for $2.874 billion. The consideration was to consist of $2.6 billion in cash and the assumption of $274 million in liabilities. Previously, Hess planned to spin off its Hess retail unit. Originally, in December 2013, Hess was rumored to be seeking a buyer for its 1,300 gas stations. CVC Capital Partners Ltd and Leonard Green & Partners LP were named potential bidders.
Conopco Inc-N America PastaMizkan Group Corp2,150.0Mizkan Group Corp (Mizkan) of Japan, definitively agreed to acquire the North America pasta sauces business of Conopco, a New York-based based manufacturer and wholesaler of personal and home care products, and a majority-owned unit of Unilever NV (Unilever), for an estimated $2.15 billion in cash. The transaction was to include the Ragu and Bertolli brands, sauce processing and packaging facility in Owensboro, Kentucky and a tomato processing facility in Stockton, California. Originally, in March 2014, Unilever was rumored to be seeking a buyer for its Ragu pasta sauce brand. HJ Heinz Co, Kraft Foods Group Inc, JM Smucker Co, Hormel Foods Corp, Pinnacle Foods Inc, Hillshire Brands Co, Post Holdings Inc and Mizkan were named potential bidders.
American Realty-PortfolioBlackstone Real Estate1,975.0Blackstone Real Estate Partners VII LP, a wholly- owned Blackstone Group LP signed a Letter of Intent {LoI} to acquire the multi- tenant shopping center portfolio of American Realty Capital Properties Inc, a New York-based real estate investment trust, for $1. 975 billion in cash, in a leveraged buyout transaction.
The Hillman Cos IncInvestor Group1,475.0An investor group, comprised of CCMP Capital Advisors LLC and the management of The Hillman Cos Inc (Hillman), definitively agreed to acquire an undisclosed majority interest in Hillman, a Cincinnati-based wholesaler of hardware products, from Oak Hill Capital Partners LP (Oak Hill) , for $1.475 billion in cash, in a secondary buyout transaction. Previously, Oak Hill acquired Hillman in a leverage buyout transaction.
Aeroflex Holding CorpCobham PLC1,434.8Cobham PLC (Cobham) of the UK, agreed to acquire the entire share capital of Aeroflex Holding Corp (Aeroflex), a Plainview-based manufacturer of radio frequency and microwave integrated circuits, components and systems, for $10.5 in cash per share, or a total value of $1.435 bil, including the assumption of $540 million in liabilities.
Healogics IncClayton Dubilier & Rice LLC910.0Clayton Dubilier & Rice LLC (Clayton) agreed to acquire Healogics Inc (Healogics), a Boca Raton-based provider of medical and health services, from Citigroup Inc's (Citigroup) Metalmark Capital Holdings LLC (Metalmark) subsidiary, for $910 million in cash, in a leveraged buyout transaction. Originally, in January 2014, Metalmark, a unit of Citigroup, was rumored to be seeking a buyer for its Healogic Inc unit.
KBS Realty-Chicago Office BldgThe Irvine Co LLC850.0The Irvine Co LLC agreed to acquire the Chicago office building of KBS Realty Advisors LLC, Newport Beach-based real estate investment firm, for $850 million.
Royal Dutch Shell-Oil & GasSanchez Energy Corp639.0Sanchez Energy Corp definitively agreed to acquire the oil and gas properties, located in Dimmit, LaSalle, and Webb Counties Texas of Royal Dutch Shell PLC (Royal Dutch), a Den Haag-based oil and gas exploration and production company, for an estimated $639 million in cash. Originally, In September 2013, Royal Dutch announced that it was seeking a buyer for its undisclosed minority stake in Eagle Ford Shale, located in South Texas.
AMX LLCHarman International365.0Harman International Industries Inc agreed to acquire AMX LLX, a Richardson-based manufacturer, developer and wholesaler of advanced electronic equipment and software, from The Duchossois Group Inc, for $365 million.
Tony's Fine Foods IncUnited Natural Foods Inc195.3United Natural Foods Inc (United) definitively agreed to acquire the entire share capital of Tony's Fine Foods Inc, a West Sacramento-based wholesaler of cheese and grocery products, for an estimated $195.273 million. The consideration was to consist of $187.8 million in cash and the issuance of 0. 112 million United common shares valued at $7.473 million. The shares were valued based on United's closing stock price of 66.72 on 21 May 2014, the last full trading day prior to the announcement.
Bel Air MallRouse Properties Inc135.2Rouse Properties Inc acquired Bel Air Mall, a Mobile-based owner and operator of shopping malls, for an estimated $135.2 million.
Dynamic Fuels LLCRenewable Energy Group Inc53.0Renewable Energy Group Inc agreed to acquire the remaining 50% interest, which it did not already own, in Dynamic Fuels LLC, a Los Angeles-based manufacturer of synthetic fuels, from joint venture partners Tyson Foods Inc and Syntroleum Corp (SC), for an estimated $53 million. The consideration was to consist of $18 million in cash and up to a further $35 million in profit-related payments. The transaction was contingent upon the completion of acquisition of SC.
The Prescott HotelPebblebrook Hotel Trust49.0Pebblebrook Hotel Trust acquired The Prescott Hotel, a San Francisco-based owner and operator of hotel, for $49 million.
GaiaTech IncRPS Group PLC37.8RPS Group Plc of the UK acquired the entire share capital of GaiaTech Inc, a Chicago-based provider of environmental consulting services, for $37.8 mil, from MSouth Equity Partners LLC. The consideration consisted of $31.1 million in cash and $6.7 million in liabilities assumed.
Gerard Roofing TechnologiesHeadwaters Inc28.0Headwaters Inc acquired Gerard Roofing Technologies Inc, a Brea-based manufacturer of roofing products, from Metals USA Holdings Corp, a unit of Reliance Steel & Aluminum Co, for $28 million in cash.
Plaza 25City Office REIT Inc25.1City Office REIT Inc of Canada agreed to acquire Plaza 25, a Denver-based office park, from Jones Lang LaSalle Inc's Means Knaus Partners LP subsidiary, for $25.1 million.
Assembly Pharmaceuticals IncVentrus Biosciences Inc24.5Ventrus Biosciences Inc (Ventrus), through its wholly- owned Assembly Acquisition Inc subsidiary, agreed to merge with Assembly Pharmaceuticals Inc, a San Francisco-based biopharmaceutical company, in exchange for 23.153 million new Ventrus common shares valued at $24.542 mil, in a stock swap transaction. The shares were valued based on Ventrus' closing stock price of $1. 06 on 16 May 2014, the last full trading day prior to the announcement. Upon completion, the merged entity was to be named Assembly Biosciences Inc.
NetCitadel IncProofpoint Inc24.0Proofpoint Inc acquired NetCitadel Inc, a Mountain View-based developer of automated security software, for an estimated $24 million in cash.
B Riley & Co LLCGreat American Group Inc1.0Great American Group Inc (Great American) definitively agreed to acquire the entire share capital of B Riley & Co LLC, a Los Angeles-based investment bank, in exchange for an estimated 4.2 million Great American common shares valued at $0.97 million. The shares were valued based on Great American's closing stock price of $0.231 on 16 May 2014, the last full trading day prior to the announcement.
Aviation Academy of AmericaVision Tech Aerospace Inc0.8Vision Technologies Aerospace Inc (Vision), a unit of Singapore Technologies Engineering Ltd, acquired the entire share capital of Aviation Academy of America Inc (AAA), a New Braunfels-based provider of pilot training education services, for $0.811 million. On completion, AAA became a wholly-owned subsidiary of Vision.
Convergent Resources IncAccount Control Tech Hldg Inc Account Control Technology Holdings Inc acquired Convergent Resources Inc, an Atlanta-based provider of business process outsourcing, revenue cycle and receivables management services, from Silver Oak Services Partners LLC.
City of Millersburg-WaterAmerican Water Works Co Inc American Water Works Co Inc, through its Kentucky American Water subsidiary, signed a Letter of Intent {LoI} to acquire the water and waste water assets of the American government-owned City of Millersburg.
Kinematics Manufacturing IncAngeleno Group LLC Angeleno Group LLC acquired Kinematics Manufacturing Inc, a Phoenix-based manufacturer of slewing drives, rings, and gear sets, in a leveraged buyout transaction.
LongShot Technology LLCAventis Systems Inc Aventis Systems Inc acquired LongShot Technology LLC, a Marietta-based provider of Dell equipments. Terms were not disclosed.
Carson & Gebel Ribbon Co LLCBerwick Offray LLC Berwick Offray LLC, a wholly-owned unit of CSS Industries Inc, acquired Carson & Gebel Ribbon Co LLC, a Rockaway-based manufacturer and wholesaler of decorative ribbons.
Milk Producers IncBluegrass Products Inc Bluegrass Products Inc acquired Milk Producers Inc, a Delaware-based owner and operator of a dairy farm.
DFT Communications CorpBrick Skirt Holdings Inc Brick Skirt Holdings Inc, a special acquisition vehicle created by Robert Maytum, Mark Maytum, Kurt Maytum and Sheri Stoltenberg, definitively agreed to acquire the entire share capital of DFT Communications Corp, a Fredonia-based provider of telecommunications services. Terms were not disclosed.
ValleyCrest Cos IncBrickman Group Ltd Brickman Group Ltd (Brickman), a unit of KKR & Co LP, definitively agreed to acquire ValleyCrest Cos Inc (ValleyCrest), a Calabasas-based provider of landscape services, from MSD Capital LP. Terms were not disclosed, but according to sources familiar with the transaction, the deal was valued at an estimated $1 billion. Originally, in April 2014, Brickman was rumored to be planning to acquire ValleyCrest.
Thayer Lodging GroupBrookfield Asset Management Brookfield Asset Management Inc of Canada acquired Thayer Lodging Group, an Annapolis-based real estate investment firm. Terms of the transaction were not disclosed.
We Three LLCCardiff International Inc Cardiff International Inc acquired We Three LLC, a Maryville-based owner and operator of mobile homes and mobile home parks.
ThreatGRID IncCisco Systems Inc Cisco Systems Inc planned to acquire ThreatGRID Inc, a New York-based developer of malware analysis and threat intelligence software.
Allen Systems Group IncCreditors Allen Systems Group Inc, a Naples-based developer of computer software, rumored to be planning a debt restructuring transaction with Creditors.
ImageChef IncCyberLink Corp CyberLink Corp of Taiwan acquired ImageChef Inc, a San Francisco-based provider of rich collage and text web tools services.
Wintercreek LLCDS Services of America Inc DS Services of America Inc, a unit of Kelso & Co, acquired Wintercreek LLC, a Vancouver-based producer of bottled water.
RenesysDyn Inc Dyn Inc acquired Renesys, a Manchester-based provider of Internet intelligence.
Management Resources Group IncEmerson Electric Co Emerson Electric Co acquired Management Resources Group Inc, a Sandy Hook-based provider of management consulting services. Terms were not disclosed.
LINN Energy LLC-AssetsExxon Mobil Corp Exxon Mobil Corp acquired the assets located in Texas of LINN Energy LLC, a Houston-based oil and gas exploration and production company.
Defense.Net IncF5 Networks Inc F5 Networks Inc acquired Defense.Net Inc, a Belmont-based provider of provides information technology and services. Terms were not disclosed.
Galaviz & Co LLCGlobal Market Advisors LLC Global Market Advisors LLC acquired Galaviz & Co LLC, a Las Vegas-based provider of management consulting services. Terms were not disclosed.
Desert Valley Mechanical LLCGoettl Air Conditioning Inc Goettl Air Conditioning Inc, a unit of Charlesbank Capital Partners LLC's Pan American Residential Services LLC subsidiary, acquired Desert Valley Mechanical LLC, a Phoenix-based provider of HVAC installation services. Terms were not disclosed.
Enterproid IncGoogle Inc Google Inc acquired Enterproid Inc, doing business as Divide, a New York-based software development company. Terms were not disclosed.
South Point KiaGroup 1 Automotive Inc Group 1 Automotive Inc acquired South Point Kia, an Austin-based owner and operator of new and used car dealership.
Worcester Telegram & GazetteHalifax Media Group Halifax Media Group agreed to acquire Worcester Telegram & Gazette Inc, a Worcester-based publisher of newspapers.
SmartPak Equine LLCHenry Schein Animal Health Henry Schein Animal Health LLC, a unit of Henry Schein Inc, agreed to acquire an approximately 60% interest in SmartPak Equine LLC, a Plymouth-based provider of horse care solutions. Terms were not disclosed.
Get Maid IncHomejoy Inc Homejoy Inc acquired Get Maid Inc, a New York-based provider of home cleaning services. Terms were not disclosed.
Curiosityville LLCHoughton Mifflin Harcourt Co Houghton Mifflin Harcourt Co acquired Curiosityville LLC, a Cockeysville-based provider of online learning games.
CogneaIBM Corp International Business Machines Corp acquired Cognea, a Redwood-based articial intelligence company.
Goodman Factors IncIndependent Bank,Memphis Independent Bank, a unit of Independent Holdings Inc, acquired Goodman Factors Inc, a Dallas-based provider of invoice factoring services.
Speedpro ImagingInvestor Group An investor group, comprised of Mountain Ridge Capital LLC, Fairfield- Maxwell Ltd and Boris Katsnelson, acquired Speedpro Imaging, a Scottsdale-based provider of digital printing services. Terms were not disclosed.
TGI Friday's IncInvestor Group An investor group, comprised of Sentinel Capital Partners LLC and TriArtisan Capital Partners LLC, definitively agreed to acquire TGI Fridays Inc, a Carrollton-based owner and operator of restaurant, from Carlson Cos Inc, in a leverage buyout transaction. Terms of the transaction were not disclosed. Originally, Carlson Cos Inc was rumored to be seeking a buyer for TGI Friday's Inc.
St Regis Monarch Beach ResortKSL Capital Partners LLC KSL Capital Partners LLC acquired St Regis Monarch Beach Resort, a Dana Point-based owner and operator of resort hotel and spa, from Washington Real Estate Holdings LLC, in a leveraged buyout transaction. Terms were not disclosed.
VISICORMarsh & McLennan Agency LLC Marsh & Mclennan Agency LLC, a unit of Marsh Inc, acquired VISICOR, a Friendswood-based employee benefits brokerage and consulting firm. Terms of the transaction were not disclosed.
Nimbic IncMentor Graphics Corp Mentor Graphics Corp acquired Nimbic Inc, a Mountain View-based developer of electromagnetic simulation software.
Corning Inc-SunSensors OpMitsui Chemicals Inc Mitsui Chemicals Inc of Japan, acquired the SunSensors operations of Corning Inc, a New York-based manufacturer and wholesaler of optical fiber, cable, optical hardware and equipment and photonics components.
Vegetable Juices IncNaturex SA Naturex SA of France agreed to acquire the entire share capital of Vegetable Juices Inc, a Bedford Park-based producer and wholesaler of natural vegetable flavors.
Enterprise Technology Grp IncNexstar Broadcasting Group Inc Nexstar Broadcasting Group Inc acquired the entire share capital of Enterprise Technology Group Inc, a Los Angeles-based provider of Content Management, Engagement and Monetization solutions.
Whoosh Traffic IncOwnLocal Inc OwnLocal Inc acquired Whoosh Traffic Inc, an Austin-based provider of search engine optimization services. Terms were not disclosed.
Employee Benefit Solutions IncPharos Capital Group LLC Pharos Capital Group LLC acquired Employee Benefit Solutions Inc, a White Plains-based provider of employee benefit services, in a leveraged buyout transaction. Terms were not disclosed.
Summit Products LLCPropel Equity Partners LLC Propel Equity Partners LLC (Propel Equity) acquired bankrupt Summit Products LLC (Summit), Birmingham-based manufacturer and wholesaler of toys, in a leveraged buyout transaction. Originally in April 2014, Summit announced that it was seeking a buyer for the company. Concurrently, Propel Equity acquired Citiblocs LLC.
Citiblocs LLCPropel Equity Partners LLC Propel Equity Partners LLC (Propel Equity) acquired Citiblocs LLC, a Tampa-based manufacturer and wholesaler of precision cut wood construction blocks. Concurrently, Propel Equity acquired Summit Products LLC.
Mocean MobilePubMatic Inc Pubmatic Inc acquired Mocean Mobile, a New York-based provider of mobile advertisement serving solutions. Terms of the transaction were not disclosed. On completion, the new combined entity will operate under the PubMatic name.
Validus Strategic CapitalRCS Capital Corp RCS Capital Corp, a unit of RCS Capital LLC, agreed to acquire Validus Strategic Capital Partners, a Newport Beach-based investment company.
MultiCam IncRosewood Private Investments Rosewood Private Investments acquired MultiCam Inc (MultiCam), a Dallas-based manufacturer of automated positioning systems, from Blue Sage Capital (Blue Sage) and other shareholders, in a secondary buyout transaction. Previously, an investor group, comprised of Blue Sagel and MultiCams founder and senior management acquired MultiCam, in a leveraged buyout transaction.
SeeWhy IncSAP AG Systeme Anwendungen Produkte AG of Germany planned to acquire SeeWhy Inc, a Boston-based provider of cloud-based behavioral target marketing solutions.
ION Geophysical Corp-MarineSeamap LLC Seamap LLC, a wholly owned unit Mitcham Industries Inc acquired the marine energy source product lines of ION Geophysical Corp, a Houston-based manufacturer of seismic data acquisition products.
Higher Good Media LLCSoundBite Communications Inc Soundbite Communications Inc acquired Higher Good Media LLC, provider of telecommunications services.
PeopleSERVE PRS IncStaffing 360 Solutions Inc Staffing 360 Solutions Inc acquired PeopleSERVE PRS Inc, a Chestnut Hill-based provider of information technology-based staffing services. Terms were not disclosed.
Crimson Technical CollegeSterling Capital Ltd Sterling Capital Ltd acquired Crimson Technical College, an Inglewood-based aviation school, in a leverage buyout transaction. Terms of the transaction were not disclosed.
Talent Partners IncThe Carlyle Group LP The Carlyle Group LP agreed to acquire an undisclosed majority interest in Talent Partners Inc, a Chicago-based provider of payroll processing services, in a leveraged buyout transaction.
EDF Renewable Energy-CatalinaTIAA-CREF I&I Services LLC TIAA-CREF Individual & Institutional Services LLC planned to acquire 50% interest in the Catalina Solar Project, from EDF Renewable Energy Inc.
Kanchi TechnologiesUST Global Inc UST Global Inc acquired Kanchi Technologies, a Franklin-based provider of information technology services. Terms were not disclosed.
Prodigy Engineering LLCVia Motors Inc Via Motors Inc acquired Prodigy Engineering LLC, a Bowie-based provider of engineering services.
Oregon Iron Works IncVigor Industrial LLC Vigor Industrial LLC agreed to merge with Oregon Iron Works Inc, a Clackamas-based provider of steel and metals fabrication and manufacturer of mechanical equipment.
Wencor Group LLCWarburg Pincus LLC Warburg Pincus LLC definitively agreed to acquire Wencor Group LLC (Wencor), a Springville-based manufacturer and wholesaler of commercial aircraft parts, from Odyssey Investment Partners LLC (Odyssey), in a secondary buyout transaction. Terms were not disclosed but, according to sources close to the situation, the deal was valued at an estimated $900 million. Previously, Odyssey acquired Wencor in a leveraged buyout transaction. Originally, in December 2013, Odyssey was rumored to be seeking a buyer for Wencor. Warburg Pincus LLC was rumored to be a potential bidder.
Hi-Line Utility Supply CoWESCO Distribution Inc WESCO Distribution Inc, a unit of WESCO International Inc, definitively agreed to acquire Hi-Line Utility Supply Co, an Elgin-based wholesaler of utility MRO and safety products.
RayV IncYahoo! Inc Yahoo! Inc was rumored to be planning to acquire RayV Inc, a Los Angeles-based provider of video streaming services.
Johnson Controls-AutomotiveYanfeng Automotive Trim Sys Co Yanfeng Automotive Trim Systems Co Ltd of China (Yanfeng), a 50:50 joint venture between Visteon Corp of the US, and Huayu Automotive Systems Co Ltd, a unit of Shanghai Automotive Industry Corp (Group) {SAIC}, definitively agreed to merge with the automotive interior business of Johnson Controls Inc (Johnson), a Milwaukee-based manufacturer of industrial interior systems, in the formation of a joint venture (JV). Upon completion, Yanfeng was to own 70% and Johnson the remaining 30% of JV.
Twitch Interactive IncYouTube Inc Youtube Inc, a unit of Google Inc, was rumored to be planning to acquire Twitch Interactive LLC, a San Francisco-based provider of live video-streaming services. Terms were not disclosed, but according to sources familiar with the transaction, the deal was valued at $1 billion.
Intelligent HealthcareZirMed.com Inc Zirmed Inc acquired Intelligent Healthcare, a Santa Monica-based provider of health analytics.
US M&A Deals Announced May 18 - May 23, 2014   
Source: Thomson Reuters   

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