Micah Smith
Target Acquirer Value ($millions) Synopsis
Spectra Energy Corp Enbridge Inc 28,286.5 Via a stock swap transaction valued at $28.287 billion, Canada’s Enbridge Inc definitively agreed to merge with Spectra Energy Corp, a Houston-based provider of natural gas transmission, storage, distribution, gathering and processing services.
Enbridge offered 0.984 common shares per Spectra share. Based on the former’s closing stock price of $40.917 on 2 September 2016, the last full trading day prior to the announcement, each Spectra share was valued at $40.315. Upon completion of the deal, Enbridge and Spectra would respectively own 57% and 43% of the new entity, and Spectra will be delisted from the NYSE. The combined company will also be renamed as Enbridge Inc.
Hewlett Packard Enterprise Co-Software Business Segment Micro Focus International PLC 8,800.0 Micro Focus International PLC of the UK definitively agreed to acquire the software business of Hewlett Packard Enterprise Co (HPE), a Palo Alto-based manufacturer of electronic computers, for approximately $8.8 billion. The consideration would consist of around $2.5 billion in cash and $6.3 billion in Micro ordinary shares. Upon completion of the deal, HPE and Micro would respectively own 50.1% and 49.9 % of the merged entity.
Cepheid Inc Danaher Corp 3,954.1 Danaher Corp definitively agreed to acquire the entire share capital of Cepheid Inc, a Sunnyvale-based manufacturer and marketer of micro fluidic systems, for $53 per share or a total of $3.954 billion.
McAfee Inc TPG Capital LP 3,100.0 Via a leveraged buyout transaction, TPG Capital LP definitively agreed to acquire a 51% interest in McAfee Inc, a Santa Clara-based software publisher, for $3.1 billion in cash from Jefferson Acquisition Corp, ultimately owned by Intel Corp. Upon completion of the deal, TPG and Intel would respectively own 51% and 49% of McAfee. Originally, in June 2016, Jefferson announced that it was seeking a buyer for McAfee, with TPG Capital named as a potential bidder.
Yates Petroleum Corp EOG Resources Inc 2,468.0 EOG Resources Inc definitively agreed to acquire the entire share capital of Yates Petroleum Corp, an Artesia-based producer of crude petroleum and natural gas, for approximately $2.468 billion via a stock swap transaction. The consideration would consist of $37 million in cash, the issuance of 26.06 million EOG common shares collectively valued at $2.317 bil, and the assumption of $114 million in liabilities. The shares were valued based on EOG's closing stock price of $88.91 on 2 September 2016, the last full trading day prior to the announcement. The transaction would include Abo Petroleum Corp and MYCO Industries Inc.
Apigee Corp Google Inc 571.2 Google Inc, a unit of Alphabet Inc, definitively agreed to acquire the entire share capital of Apigee Corp, a San Jose-based provider and developer of API (application programming interfaces) products and technology, for $17.40 per share or a total of $571.207 million in cash.
Luvata-Heat Transfer Solutions division Modine Manufacturing Co 422.0 Modine Manufacturing Co agreed to acquire Luvata Heat Transfer Solutions Inc, a Tennessee-based manufacturer of air-conditioning equipment, for $422 million.
Accuride Corp Crestview Partners LP 124.5 Crestview Partners LP definitively agreed to acquire the entire share capital of Accuride Corp, an Evansville-based manufacturer and wholesaler of commercial vehicle components, from Cetus Capital LLC (17%) and other shareholders for $2.58 per share or a total of $124.475 million via a leveraged buyout transaction.
Meridian Distribution Center Agellan Commercial Real Estate Investment Trust 52.5 Agellan Commercial Real Estate Investment Trust of Canada agreed to acquire the Meridian Distribution Center, a Sarasota-based industrial distribution facility, for approximately $52.5 million.
Brillion Iron Works Inc Metaldyne Performance Group Inc 14.0 Metaldyne Performance Group Inc, a unit of ASP MD Investco LP, acquired the entire share capital of Brillion Iron Works Inc, a Brillion-based iron foundry operator, from Accuride Corp for $14 million.
Cont-Mid Group LLC A Agrati SpA   A Agrati SpA of Italy acquired Cont-Mid Group LLC, a Park Forest-based manufacturer of fabricated metal products, from Monomoy Capital Partners II LP, ultimately owned by Monomoy Capital Partners LLC.
Logistics & Distribution Services LLC ABF Logistics Inc   ArcBest Corp's unit ABF Logistics Inc acquired Logistics & Distribution Services LLC, a Reno-based provider of long- distance freight trucking services. Terms of the transaction were not disclosed, but according to sources privy to the matter, the deal was valued at around $25 million.
E Systems Technology Inc ACS Ltd   ACS Ltd acquired the entire share capital of E Systems Technology Inc, a San Jose-based manufacturer of semiconductors and related devices.
Adaptive Computing Enterprises Inc ALA Services LLC   ALA Services LLC acquired Adaptive Computing Enterprises Inc, a Provo-based software publisher.
RetroSense Therapeutics LLC Allergan PLC   Allergan PLC acquired RetroSense Therapeutics LLC, an Ann Arbor-based manufacturer of biological products. Terms of the transaction were not disclosed, but according to sources privy to the matter, the deal was valued at around $60 million.
Williams Sonoma Inc-co-brand credit card portfolio Alliance Data Systems Corp   Alliance Data Systems Corp agreed to acquire the co-brand credit card portfolio of Williams Sonoma Inc, a San Francisco-based retailer of kitchenware and home furnishings.
Farmin Rothrock & Parrott Inc Alliant Insurance Services Inc   Kohlberg Kravis Roberts & Co LP's unit Alliant Insurance Services Inc acquired Farmin Rothrock & Parrott Inc, a Spokane-based provider of insurance related services.
Commerce Bank of Temecula Valley AltaPacific Bank   AltaPacific Bank plans to merge with Commerce Bank of Temecula Valley, a Murrieta-based commercial bank. The deal is expected to be valued at $15.9 million.
Sonoco Products Corp-Plastics blow molding operations Properties(7) Amcor Ltd   Amcor Ltd of Australia plans to acquire 7 properties involved in the plastics blow molding operations of Sonoco Products Corp, a Hartsville-based manufacturer of setup paperboard boxes. The deal is expected to be valued at $280 million.
American Realty Capital Retail Centers of America Inc American Finance Trust Inc   American Finance Trust Inc, a unit of AR Global Investments LLC, definitively agreed to merge with American Realty Capital Retail Centers of America Inc, a New York-based lessor of real estate properties, via an internal reorganization. American Realty Capital is also a subsidiary of AR Global Investments LLC.
Blockade Medical LLC Balt Extrusion SAS   Balt Extrusion SAS of France, a unit of Bridgepoint Europe V LP, acquired Blockade Medical LLC, a manufacturer of small arms.
Mono Creators Inc BandLab   BandLab of Singapore, a unit of BandLab Technologies, acquired Mono Creators Inc, a D Larkspur-based textile bag mill operator.
Commercial Valuation Consultants Inc BBG Advisory Services LLC   BBG Advisory Services LLC acquired Commercial Valuation Consultants Inc, a Denver-based real estate appraisal firm.
Patheos Inc Beliefnet Inc   Beliefnet Inc, a unit of BN Media LLC, acquired the entire share capital of Patheos Inc, a non-denominational, non-partisan online media company providing information and commentary from various religious and nonreligious perspectives that is based in Englewood.
Kelley Foods of Alabama Inc Ben E Keith Co   Ben E Keith Co plans to acquire Kelley Foods of Alabama Inc, an Elba-based provider of animal slaughtering services.
Active Internet Technologies LLC Bridge Growth Partners LLC   Bridge Growth Partners LLC plans to acquire Active Internet Technologies LLC, an East Hartford-based software publisher, via a leveraged buyout transaction.
Hubb Systems LLC Broadcast Microwave Services Inc   Broadcast Microwave ServicesInc, a unit of StoneCalibre LLC, acquired Hubb Systems LLC, an Alameda-based manufacturer of computer peripheral equipment.
Uptake Medical Corp Broncus Holding Co Inc   Broncus Holding Co Inc acquired Uptake Medical Corp, a Seattle-based manufacturer of in-vitro diagnostic substances.
Lincoln Research LLC BTC Networks   BTC Networks acquired Lincoln Research LLC, a Lincoln-based provider of biotechnology research and development services.
Los Angeles Paper Box Caraustar Industries Inc   Caraustar Industries Inc, through its Caraustar Consumer Packaging unit, acquired the Los Angeles Paper Box, a Commerce-based paperboard mill operator.
Navidea Biopharmaceuticals Inc-Certain Assets Cardinal Health Inc   Cardinal Health Inc plans to acquire certain assets of Navidea Biopharmaceuticals Inc, a Dublin-based manufacturer of in-vitro diagnostic substances. Terms of the transaction have yet to be disclosed, but according to sources privy to the matter, the deal is expected to be valued at around $310 million.
WorkTerra LLC CareerBuilder LLC   CareerBuilder LLC, a unit of Tegna Inc, plans to acquire WorkTerra LLC, a Pleasanton-based provider of human resources and executive search consulting services.
Wetzels Pretzels LLC CenterOak Partners LLC   CenterOak Partners LLC acquired an undisclosed majority interest in Wetzels Pretzels LLC, a Pasadena-based lessor of nonfinancial intangible assets, from Levine Leichtman Capital PartnersInc via a leveraged buyout transaction.
D3 Medicine LLC Certara LP   Arsenal Capital Partners LP's unit Certara LP acquired D3 Medicine LLC, a Parsippany-based provider of technical consulting services.
Equivalent Data LLC Consilio LLC   Consilio LLC, a unit of Shamrock Capital Advisors LLC, acquired Equivalent Data LLC, a Houston-based provider of document preparation services.
RedVision Systems Inc CoreLogic Inc   First American Corp, a unit of CoreLogic Inc, plans to acquire RedVision Systems Inc, a Parsippany-based settlement office.
Wilson Parker Homes D.R. Horton Inc   D.R. Horton Inc acquired Wilson Parker Homes, a homebuilder that operates in Georgia, Arizona, North Carolina and South Carolina. Terms of the transaction were not disclosed, but according to sources privy to the matter, the deal was valued at around $90 million.
Morrison & Tyson Communications Dick Jones Communications LLC   Dick Jones Communications LLC plans to acquire the entire share capital of Morrison & Tyson Communications, a Walpole-based provider of administrative management and general management consulting services.
Perimeter Security Systems LLC Electric Guard Dog LLC   Electric Guard Dog LLC, a unit of Snow Phipps Group LLC, acquired Perimeter Security Systems LLC, a Charlotte-based provider of investigation services.
Western State Design Inc EnviroStar Inc   EnviroStar Inc planned to acquire Western State Design Inc, a Hayward-based manufacturer of commercial and service industry machinery.
Larch Lane Advisors LLC Fiera Capital Inc   Fiera Capital Inc of Canada acquired Larch Lane Advisors LLC, a Rye Brook-based investment advisor.
Excent Corp Frontline Education   Frontline Education acquired Excent Corp, a Roswell-based education data management solutions provider.
Olympia Building Supplies LLC Gypsum Management & Supply Inc   Gypsum Management & Supply Inc acquired Olympia Building Supplies LLC, a Pompano Beach-based metal wholesaler.
Essette Inc HMS Holdings Corp   HMS Holdings Corp acquired Essette Inc, a Longmont-based software publisher.
Hickey & Associates Inc-Certain Assets Hub International Ltd   Hub International Ltd, a unit of Hellman & Friedman LLC, acquired certain assets of Hickey & Associates Inc, a Warwick-based business association.
Patterson Insurance Brokers Inc Hub International Ltd   Hub International Ltd, a unit of Hellman & Friedman LLC, acquired Patterson Insurance Brokers Inc, an Anchorage-based insurance agency.
Accommodation Mollen Inc Imperial Bag & Paper Co LLC   Imperial Bag & Paper Co LLC plans to acquire Accommodation Mollen Inc, a Pennsylvania-based online retailer.
The Wyatt Apartments Inland Real Estate Acquisitions Inc   Inland Real Estate Acquisitions Inc, a unit of The Inland Real Estate Group of Cos Inc, acquired The Wyatt Apartments in Las Vegas.
San Angelo Operating Corp Investors   Michael Arguijo plans to acquire the entire share capital of San Angelo Operating Corp, a Bellville-based producer of crude petroleum and natural gas, from San Angelo Oil Ltd via an equity carveout transaction.
LaunchKey Inc iovation Inc   iovation Inc acquired LaunchKey Inc, a Las Vegas-based software publisher.
Raasch Associates Inc IS Group   IS Group acquired Raasch Associates Inc, a Green Bay-based provider of engineering services.
RD&F Advertising Inc Ivie & Associates Inc   Ivie & Associates Inc acquired RD&F Advertising Inc, a Dallas-based advertising agency.
Siebert Financial Corp Kennedy Cabot & Co (Waterhouse Investor Services Inc)   Kennedy Cabot & Co, a unit of Waterhouse Investor Services Inc (Toronto-Dominion Bank), plans to acquire a 90% interest in Siebert Financial Corp, a New York-based investment bank.
assets Properties Portfolio(4) Kimco Realty Corp   Kimco Realty Corp acquired the remaining an 85% interest it did not already own in a four-property joint venture portfolio. The deal had a reported value of $170.7 million.
Precise Time & Frequency Inc LGL Group Inc   LGL Group Inc acquired Precise Time & Frequency Inc, a Wakefield-based provider of data processing and hosting services.
KMA Inc Local Marketing Solutions Group Inc   Local Marketing Solutions Group Inc plans to acquire KMA Inc, an Alpharetta-based provider of marketing consulting services.
Agave Energy Co Lucid Energy Group II LLC   Lucid Energy Group II LLC acquired Agave Energy Co, an Artesia-based producer of natural gas liquid.
HealCode LLC Mindbody Inc   Mindbody Inc acquired HealCode LLC, an Austin-based software reproducer.
Cadence Education Inc Morgan Stanley Global Private Equity   Morgan Stanley Global Private Equity, a unit of Morgan Stanley, acquired Cadence Education Inc, a Scottsdale-based school operator, from Audax Group LP via a leveraged buyout transaction.
Senior living facilities(2) National Health Investors Inc   National Health Investors Inc acquired 2 senior living facilities in Mcminnville. Terms of the transaction were not disclosed, but according to sources privy to the matter, the deal was valued at around $36.6 million.
Dymedex Consulting LLC Navigant Consulting Inc   Navigant Consulting Inc acquired Dymedex Consulting LLC, a St Paul-based provider of management consulting services.
Woodbridge Townhomes Network Acquisition Partnership Alliance LLC   Network Acquisition Partnership Alliance LLC acquired the Woodbridge Townhomes in Arlington.
Westwood Apartments Network Acquisition Partnership Alliance LLC   Network Acquisition Partnership Alliance LLC acquired the Westwood Apartments in Dallas.
Integreon Inc NewQuest Capital Partners   Via a leveraged buyout transaction, NewQuest Capital Partners of Hong Kong acquired Integreon Inc, a New York-based provider of management consulting services, from LiveIt Solutions Inc, ultimately owned by Ayala Corp.
LinkTech Quick Couplings Inc Nordson Corp   Nordson Corp acquired LinkTech Quick Couplings Inc, a Ventura-based manufacturer of mechanical power transmission equipment.
Industrial Distribution Center, Lebanon, Tennessee One Liberty Properties Inc   One Liberty Properties Inc acquired Industrial Distribution Center, a Lebanon-based industrial building constructor. The deal had a reported value of $32.8 million.
Mann & Watters Insurance Inc OneDigital Health & Benefits   OneDigital Health & Benefits acquired Mann & Watters Insurance Inc, a Wilmington-based insurance agency.
Fox Thermal Instruments Inc Onicon Inc   Onicon Inc, a unit of Harbour Group Ltd, acquired Fox Thermal Instruments Inc, a Marina- based manufacturer of printed circuit assemblies.
Laser Options Inc Oval Partners LLC   Oval Partners LLC acquired Laser Options Inc, a Phoenix-based electronic parts and equipment wholesaler, via a leveraged buyout transaction.
Torrance Valley Pipeline Co LLC PBF Logistics LP   PBF Logistics LP acquired Torrance Valley Pipeline Co LLC, a provider of pipeline transportation services of refined petroleum products, from PBF Energy Inc. Terms of the transaction were not disclosed, but according to sources privy to the matter, the deal was valued at around $175 million.
Rex Oil Company PetroChoice   PetroChoice, a unit of Golden Gate Capital, acquired the Rex Oil Company, a producer of crude petroleum and natural gas.
Fabcon Precast LLC Platinum Equity LLC   Platinum Equity LLC acquired Fabcon Precast LLC, a Savage-based manufacturer of concrete products, via a leveraged buyout transaction. Terms were not disclosed.
WSA Systems-Boca Inc Sciens Building Solutions LLC   Sciens Building Solutions LLC acquired WSA Systems-Boca Inc, a Boca Raton-based provider of security systems services.
Look's Gourmet Food Company Inc Sea Watch International Ltd   Sea Watch International Ltd acquired Look's Gourmet Food Company Inc, a Whiting-based manufacturer of canned seafood.
Keystone Powdered Metal Co Seusa Holding Inc   Seusa Holding Inc, a unit of Sumitomo Electric Industries Ltd, agreed to merge with Keystone Powdered Metal Co, a Saint Marys-based manufacturer of powdered metal parts.
Lifeline Scientific Inc Shanghai Medical Technology Co Ltd   Shanghai Medical Technology Co Ltd of China plans to acquire the entire share capital of Lifeline Scientific Inc, an Itasca-based manufacturer of medical instruments. Terms of the transaction have yet to be disclosed, but according to sources privy to the matter, the deal is expected to be valued at around $87.8 million.
iSolved HCM shareholders   iSolved was spun off from Infinisource as iSolved HCM, a Salt Lake City-based human capital management technology company. It was sold to shareholders.
Ambulatory Anesthesia Associates Inc Sheridan Healthcare Inc   Sheridan Healthcare Inc, a unit of AmSurg Corp, acquired Ambulatory Anesthesia Associates Inc, a Pittsburg-based provider of ambulatory healthcare services. Concurrently, Sheridan Healthcare Inc acquired Genesis Anesthesia Services Inc.
Genesis Anesthesia Services Inc Sheridan Healthcare Inc   Sheridan Healthcare Inc, a unit of AmSurg Corp, acquired Genesis Anesthesia Services Inc, a Los Angeles-based provider of ambulatory healthcare services. Concurrently, Sheridan Healthcare Inc acquired Ambulatory Anesthesia Associates Inc.
Inspirus LLC Sodexo SA   Sodexo SA of France acquired Inspirus LLC, a Fort Worth-based provider of business support services.
Curved Skies LLC Southern Research Institute   Southern Research Institute acquired Curved Skies LLC, a Houston-based provider of engineering services.
Verified Person Inc Sterling Talent Solutions   Sterling Talent Solutions acquired Verified Person Inc, a Memphis-based provider of executive search services.
Security First Bank,Fresno,California Suncrest Bank,Visalia,California   Suncrest Bank plans to merge with Security First Bank, a Fresno-based commercial bank. The deal is expected to be valued at $18.1 million.
SureCom Inc Tech Electronics Inc   Tech Electronics Inc SureCom Inc, a Thornton-based wired telecommunications carrier.
Roof Systems of Maine Tecta America Corp   Tecta America Corp, a unit of Oaktree Capital Management LLC, plans to acquire Roof Systems of Maine, a roofing contractor.
Somerset Apartments The Siegel Group Nevada Inc   The Siegel Group Nevada Inc acquired the Somerset Apartments in Las Vegas.
AAR Corp- PharmaPort 360 Asset ThermoSafe Brands Inc   Tegrant Corp's unit ThermoSafe Brands Inc acquired the PharmaPort 360 assets, licenses, trademarks and manufacturing rights of AAR Corp, a Wood Dale-based manufacturer of aircraft engines and engine parts.
Young & Franklin Inc TransDigm Group Inc   TransDigm Group Inc acquired Young & Franklin Inc, a Liverpool-based manufacturer of aircraft parts and auxiliary equipment.
Anderson Seal LLC Trelleborg Sealing Solutions East LLC   Trelleborg Sealing SolutionsEast LLC, a unit of Trelleborg AB, plans to acquire Anderson Seal LLC, a New Berlin-based manufacturer of plastics materials.
No Limits Software Inc Tuangru Holdings Inc   Tuangru Holdings Inc of Canada plans to acquire No Limits Software Inc, a St. Louis-based wholesaler of computers as well as its peripheral equipment and software.
Electronic Control Concepts US Nuclear Corp   US Nuclear Corp acquired Electronic Control Concepts, a Saugerties-based manufacturer of irradiation apparatuses.
Regulatory DataCorp Inc Vista Equity Partners LLC   Vista Equity Partners LLC acquired Regulatory DataCorp Inc, a King of Prussia-based software publisher, from Bain Capital LLC and others, via a leveraged buyout transaction. Terms were not disclosed.
Camp Chef Vista Outdoor Inc   Vista Outdoor Inc acquired Camp Chef, a Hyde Park-based food service contractor. The deal had a reported value of $74 million.
Pure Communications LLC W2O Group   W2O Group acquired Pure Communications LLC, a Wilmington-based provider of marketing consulting services.
Bridge Real Estate Group Weller Residential LLC   Weller Residential LLC plans to merge with Bridge Real Estate Group, a lessor of real estate properties.
Clearwater Analytics LLC Welsh Carson Anderson & Stowe   Welsh Carson Anderson & Stowe acquired an undisclosed majority interest in Clearwater Analytics LLC, a software publisher, via a leveraged buyout transaction.
US M&A Deals Announced September 2 to September 8, 2016      
Source: Thomson Reuters      

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.