Target | Acquirer | Value ($millions) | Synopsis |
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Safeway Inc | AB Acquisition LLC | 8,453.7 | AB Acquisition LLC, a special purpose acquisition vehicle created by Cerberus Capital Management LP (Cerberus), Kimco Realty Corp, Klaff Realty LP, Lubert- Adler Partners Real Estate Funds, and Schottenstein Stores Corp, definitively agreed to acquire the entire share capital of Safeway Inc (Safeway), a Pleasanton-based owner and operator of grocery stores, for $32.5 in cash per share, or a total value of $8.454 bil, including $886.655 million in contingent value right, in a leveraged buyout transaction. Concurrently, Safeway planned to spin off its 72.2% interest, or 37.8 million shares, in its Blackhawk Network Holdings Inc unit, and announced that it was seeking a buyer for its Property Development Centers LLC unit, and 49% interest in Casa Ley SA de CV. Originally, in February 2014, Safeway was rumored to be seeking a buyer for the company. Cerberus was named potential bidder. |
Philadelphia Gas Works | UIL Holdings Corp | 1,860.0 | UIL Holdings Corp definitively agreed to acquire Philadelphia Gas Works (Philadelphia Gas), a Philadelphia-based natural gas utility, from state-owned City of Philadelphia for $1.86 billion in cash. Originally, In November 2012, Philadelphia City announced that it was seeking a buyer of its Philadelphia Gas unit. |
Apartments.com | CoStar Group Inc | 585.0 | CoStar Group Inc agreed to acquire Apartments.com, a Chicago-based provider of online apartment guide and relocation services, from Classified Ventures LLC, a joint venture among Belo Corp, Gannett Co Inc, Knight Ridder, McClatchy Co, Tribune Co and Graham Holdings Co, for $585 million in cash. |
Vornado Realty Trust-Town Ctr | Pennsylvania Re Invest Trust | 465.0 | Pennsylvania Real Estate Investment Trust agreed to acquire the Springfield Town Center from Vornado Realty Trust, a New York-based real estate investment trust, for $465 million. |
Simpson Tacoma-Paper Mill | Rock-Tenn Co | 343.0 | Rock-Tenn Co agreed to acquire the paper mill of Simpson Tacoma Kraft Co LLC, a Tacoma-based manufacturer of bleached and unbleached kraft pulp and linerboard, and a unit of Simpson Lumber Co LLC, for an estimated $343 million. |
Conseco Life Insurance Co | Wilton Reassurance Co Inc | 237.0 | Wilton Reassurance Co Inc, a unit of Wilton Re Holdings Ltd, definitively agreed to acquire Conseco Life Insurance Co, a Carmel-based provider of life and health insurance and annuity products, from CNO Financial Group Inc, for an estimated $237 million. |
Interplex Industries Inc | Amtek Engineering Ltd | 210.0 | Amtek Engineering Ltd of Singapore agreed to merge with Interplex Industries Inc, a College Point-based manufacturer of metal stampings, for $210 million. The consideration was to consist of $176 million in cash plus $34 million in profit-related payments. |
QRE GP LLC | QR Energy LP | 203.5 | QR Energy LP (QR) agreed to acquire the entire share capital of QRE GP LLC, a Houston-based oil and gas exploration and production company, in exchange for 11.6 million Class B convertible units valued at $203.464 mil, in a stock swap transaction. The shares were valued based on QR's closing stock price of $17.54 on 28 February 2014, the last full trading day prior to the announcement. |
Aston Waikiki Beach Hotel,Honolulu | Inland American Lodging Group | 183.0 | Inland American Lodging Group Inc, a wholly-owned unit of The Inland Real Estate Group of Cos Inc's Inland American Real Estate Trust Inc subsidiary, acquired Aston Waikiki Beach Hotel, a Honolulu-based owner and operator of a hotel, from Aston Hotels & Resorts LLC, for an estimated $183 million. |
222 Main,Salt Lake City,Utah | 222 Main,Salt Lake City,Utah | 170.5 | KBS Real Estate Investment Trust III Inc acquired 222 Main, a Salt Lake City-based owner and operator of office building, for $170.5 million. |
Centrix Bank & Trust | Eastern Bank Corp,MA | 116.1 | Eastern Bank Corp definitively agreed to acquire the entire share capital of Centrix Bank & Trust, a Bedford-based commercial bank, for $41 in cash per share, or a total value of $116.112 million. |
HCCS | HealthStream Inc | 79.8 | HealthStream Inc acquired the entire share capital of Health Care Compliance Strategies Inc, a Jericho-based provider of online training courses and learning management systems, in a stock swap transaction valued at an estimated $79. 822. The consideration was to consist of $13 million in cash, $.750 million profit-related payments and the issuance of 2,400,000 common shares valued at $66.072 million. The shares were valued based on HealthStreams closing stock price of $27.53 on 03 March 2014, the last full trading day prior to the announcement. |
Sport Truck USA Inc-Assets | ST USA Holding Corp | 73.2 | ST USA Holding Corp, a unit of Fox Factory Holding Corp unit of Compass Group Diversified Holdings' Compass Group Diversified Holdings LLC unit, definitively agreed to acquire the assets of Sport Truck USA Inc, a Coldwater-based wholesaler of lift suspension products, for $73.152 million. The consideration was to consist of $43.857 million and up to $29.295 million in profit- related payments. |
KnowledgeAdvisors Inc | Corporate Executive Board Co | 52.0 | The Corporate Executive Board Co acquired KnowledgeAdvisors Inc, a Chicago-based developer of analytics software, for an estimated $52 million. |
Thermal Product Solutions | Resilience Capital Partners | 43.0 | Resilience Capital Partners LLC acquired Thermal Product Solutions, a White Deer-based manufacturer and wholesaler of thermal processing and testing products, for $43 million in cash, from SPX Corp, in a leveraged buyout transaction. |
Mid-Con Energy-Oil Ppty | Mid-Con Energy Properties LLC | 41.0 | Mid-Con Energy Properties LLC, a wholly-owned unit of Mid-Con Energy Partners LP, acquired certain oil properties located in Oklahoma and Texas from Mid- Con Energy III LLC, a Tulsa-based oil and gas exploration and production company, for an estimated $34 million. |
Cellular Specialties Inc | Westell Technologies Inc | 39.0 | Westell Technologies Inc acquired Cellular Specialties Inc, a Manchester-based manufacturer of wireless communication equipment, for $39 million in cash. |
Arch-Hazard Thermal Coal | Blackhawk Mining LLC | 26.3 | Blackhawk Mining LLC acquired Hazard thermal coal mining complex from Arch Coal Inc, a St Louis-based coal mining company for $26.3. million in cash. |
Nave Communications Co | ADDvantage Tech Group Inc | 13.1 | ADDvantage Technologies Group Inc acquired Nave Communications Co, a Jessup-based provider of telecommunication services, for $13.1 million. The consideration consisted of $13.1 million and an undisclosed amount in profit- related payments. |
Sabine Inc | ClearOne Inc | 10.3 | ClearOne Inc (ClearOne) acquired Sabine Inc, an Alachua-based manufacturer of audio equipment, for an estimated $10.25 million. The consideration consisted of an estimated $7.5 million in cash, $1.5 million in ClearOne common shares, the assumption of $1.25 million in liabilities, and up to an undisclosed amount in profit- related payments. |
Bank of Commerce,Charlotte,NC | Hometrust Bancshares Inc | 10.1 | Hometrust Bancshares Inc definitively agreed to acquire the entire share capital of Bank of Commerce, a Charlotte-based commercial bank, for $6.25 in cash per share or a total value of $10.1 million. |
Freedom Commun-Newspapers(6) | New Media Investment Group Inc | 8.0 | New Media Investment Group Inc acquired six newspapers from Freedom Communications Inc, a Santa Ana-based publisher of newspaper, and a unit of AIM Media Texas LLC, for $8 million. |
Axis Appraisal Mgmt Solutions | Zaio Corp | 7.7 | Zaio Corp of Canada signed a letter of intent to acquire Axis Appraisal Management Solutions Inc, a San Rafael-based appraisal management company, for $7.670 million. The consideration was to consist of $3.250 million in cash plus 17 million common shares with a total value of $4.420 million. The shares were valued based on Zaio Corps closing stock price of $0.26 on 28 February 2014, the last full trading day prior to the announcement. |
Provident Comnty Bancshares | Park Sterling Bank | 6.5 | Park Sterling Corp definitively agreed to acquire the entire share capital of Rock Hill-based Provident Community Bancshares Inc, for $0.78 in cash per share, and $550 in cash per Series A preferred share, or a total value of $6.492 million. |
Pyramid Porphyry Project | Full Metal Minerals Ltd | 5.5 | Full Metal Minerals Ltd of Canada agreed to acquire the remaining 51% interest, which it did not already own, in the Pyramid Copper-Gold- Molybdenum Porphyry Project of Antofagasta Minerals SA, for $5.5 million in cash. |
Castleton Technology PLC-QAD | Glantus Ltd | 0.3 | Glantus Ltd of the UK acquired the QAD software consultancy business of Castleton Technology PLC, a Cambridge-based provider of information technology services, for $0.335 million in cash. |
Patriot Energy Resources LLC | High Plains Gas Inc | 0.1 | High Plains Gas Inc definitively agreed to acquire Patriot Energy Resources LLC, a natural gas exploration and production company, from Bankrupt Luca Technologies Inc, for the assumption of $0.145 million in liabilities. The transaction was to include Patriot Energy Gathering LLC. |
Skytanking USA Inc | Aircraft Service Intl Group | | Aircraft Service International Group, a unit of BBA Aviation PLC, agreed to acquire Syktanking USA Inc, a Fort Lauderdale-based wholesaler of petroleum products. |
Welding & Therapy Service Inc | Airgas Inc | | Airgas Inc acquired Welding & Therapy Service Inc, a Louisville-based wholesaler of industrial and medical gas and welding supply. Terms are not disclosed. |
Horizontal Wireline Services | Allied Wireline Services LLC | | Allied Wireline Services LLC acquired Horizontal Wireline Services LLC, a provider of well drilling services. |
SK3 Group Inc | Alternative Energy Partners | | Alternative Energy Partners Inc agreed to acquire the entire share capital of SK3 Group Inc, a Burbank-based provider of health care services, from Healthcare Today Inc, a unit of Lin-Han Equity Corp. |
TopSpin Media Inc | Beats Music LLC | | Beats Music LLC, a unit of Beats Electronics LLC, agreed to acquire TopSpin Media Inc, a Santa Monica-based provider of sales and marketing software. Terms of the transaction were not disclosed. |
Catalina Marketing Corp | Berkshire Partners LLC | | Berkshire Partners LLC definitively agreed to acquire an undisclosed majority interest in Catalina Marketing Corp, a Saint Petersburg-based provider of marketing consulting services, from Hellman & Friedman Capital Partners VI LP, a unit of Hellman & Friedman LLC, in a secondary buyout transaction. Previously, Hellman & Friedman Capital Partners VI LP acquired Catalina Marketing Corp in an institutional buyout transaction. Originally, in January 2014, Hellman & Friedman Capital Partners VI LP was rumored to be seeking a buyer for its Catalina Marketing Corp unit. |
MBM Advisors Inc | BOK Financial Corp | | BOK Financial Corp agreed to acquire MBM Advisors Inc, a Houston-based provider of investment advisory services. Terms were not disclosed. |
Caesars Ent Corp-Properties | Caesars Growth Partners LLC | | Caesars Growth Partners LLC, a joint venture between Caesars Entertainment Corp (CEC) and Caesars Acquisition Co, definitively agreed to acquire the Bally's Las Vegas, The Cromwell, The Quad and Harrah's New Orleans, from CEC, and a unit of Hamlet Holdings LLC. |
OnCourse Learning Corp | CIP Capital | | CIP Capital (CIP), a unit of Compass Advisers Group LLC, acquired an undisclosed majority interest in OnCourse Learning Corp (OnCourse), a Waukesha-based provider of professional training services, from Riverside Co (Riverside), in a leveraged buyout transaction. Terms were not disclosed. Originally, in February 2014, Riverside announced that it was seeking a buyer for OnCourse. CIP was named rumored potential bidder. |
Prestonwood Country Club | ClubCorp Holdings Inc | | ClubCorp Holdings Inc, a unit of KSL Capital Partners LLC, acquired Prestonwood Country Club, a Cary-based owner and operator of a country club. |
FreeWheel Media Inc | Comcast Corp | | Comcast Corp (Comcast) acquired FreeWheel Media Inc, a San Mateo-based provider of online video advertising services. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $320 million. Originally, Comcast was rumored to be planning to acquire FreeWheel Media Inc. |
Ida Tunnell Insurance | Confie Seguros Inc | | Confie Seguros Inc, a unit of ABRY Partners LLC acquired Ida Tunnell Insurance, a Texas-based provider of personal lines auto and homeowners insurance. |
Nationwide Screening Services | Corporate Resource Services | | Corporate Resources Services Inc acquired Nationwide Screening Services, a Melville-based provider of employment background and screening solutions. |
Brown Palace Hotel | Crow Holdings Realty VI LP | | Crow Holdings Realty VI LP, a unit of Crow Holdings Capital Partners LLC, acquired Brown Palace Hotel, a Denver-based owner and operator of a hotel. Terms were not disclosed. The transaction included Brown Palace Hotel & Spa and Comfort Inn Downtown Denver. |
Intific Inc | Cubic Corp | | Cubic Corp acquired Intific Inc, a Peckville-based developer of software and game-based solutions. Terms were not disclosed. |
Astellas Pharma US-Vaprisol | Cumberland Pharmaceuticals Inc | | Cumberland Pharmaceuticals Inc acquired the Vaprisol of Astellas Pharma US LLC, a Northbrook-based manufacturer of pharmaceuticals and a unit of Astellas Pharma Inc. |
Innovative Security Designs | Digital Watchdog | | Digital Watchdog agreed to acquire Innovative Security Designs Inc, an Irvine-based provider of IP-based surveillance solutions. |
Port Logistics Group | Endeavour Capital Inc | | Endeavour Capital Inc acquired Port Logistics Group, a Houston-based provider of gateway logistics services, in a leveraged buyout transaction. |
Titan Aerospace | Facebook Inc | | Facebook Inc was rumored to be acquiring Titan Aerospace, a Moriarty-based manufacturer of solar-powered drones. Terms were not disclosed but according to sources familiar with the transaction, the transaction has a value of $60 million. |
Advanced Control Systems Inc | Falfurrias Capital Partners | | Falfurrias Capital Partners LLC, acquired Advanced Control Systems Inc, a Norcross-based provider of smart grid solutions from Efacec Capital SGPS SA, in a leveraged buyout transaction. Terms were not disclosed. |
Zite | Flipboard Inc | | Flipboard Inc acquired Zite, a unit of Time Warner Incs Cable News Network Inc, a San Francisco-based provider of magazine software services. |
First National Administrators | FNA Insurance Services Inc | | FNA Insurance Services Inc, a unit of Hellman & Friedman LLC's Hub International Ltd subsidiary, acquired First National Administrators Group of Cos, a New Hyde Park-based employee benefits general insurance agency. Terms of the deal were not disclosed. |
Glad to Have You Inc | HomeAway Inc | | HomeAway Inc acquired Glad to Have You Inc, a Santa Rosa Beach-based developer of mobile application software for property managers and homeowners. |
Corporate Benefit Consultants | Hub International Midwest Ltd | | Hub International Midwest Ltd, a unit of Hellman & Friedman LLC's Hub International Ltd unit, acquired Corporate Benefit Consultants Inc, a Des Plaines-based provider of employee benefit consulting services. |
Softential Inc | Infotech Enterprises America | | Infotech Enterprises America Inc, a wholly owned unit of Infotech Enterprises Ltd definitively agreed to acquire Softential Inc, a Herndon-based provider of information technology services. Terms were not disclosed. |
Health Solutions Services Inc | Interactive Health Solutions | | Interactive Health Solutions Inc, a unit of CI Capital Partners LLC, acquired Health Solutions Services Inc, a provider of evidence-based wellness screenings, health improvement programs, and comprehensive wellness program management services. |
Delphon Industries LLC | Investor Group | | An investor group, comprised of Fulham & Co Inc, Farol Asset Management LP, Brooke Private Equity Associate, and Abacus Finance Group LLC, acquired Delphon Industries LLC, a Hayward-based manufacturer of packaging materials, in a leveraged buyout transaction. Terms were not disclosed. |
Mountain Valley Spring Co | Investor Group | | An investor group, including Great Range Capital and Mountain Valley Spring Co's (MVS) management, acquired MVS, a Hot Springs-based producer of bottled drinking water, in a leveraged buyout transaction. |
Horizon Hobby Inc | Investor Group | | An investor group comprised of Joe Ambrose, Armory Capital, and Mill City Capital LP, acquired Horizon Hobby Inc, a Champaign-based wholesaler of toys such as radio-controlled products and other hobby items, in leveraged buyout transaction, from Horizon Hobby Inc ESOP. Terms of the deal were not disclosed. |
Banno LLC | Jack Henry & Associates Inc | | Jack Henry & Associates Inc acquired Banno LLC, a Cedar Falls-based developer of software solutions for financial institutions. |
Data Tactics Corp | L-3 Communications Hldg Inc | | L-3 Communications Holdings Inc acquired Data Tactics Corp, a McLean-based provider of data analytics services. |
QS Investors LLC | Legg Mason Inc | | Legg Mason Inc definitively agreed to acquire QS Investors LLC, a New York-based provider of investment management services. Terms were not disclosed. |
Purple Nation Solutions | Levick Strategic Commun | | Levick Strategic Communications LLC acquired Purple Nation Solutions, a Washington-based law, media, and legislative firm. |
Built NY Inc | Lifetime Brands Inc | | Lifetime Brands Inc acquired Built NY Inc, a New York-based designer and distributor of brightly colored, uniquely patterned Neoprene products. |
Piedmont Neonatology PC | MEDNAX Inc | | MEDNAX Inc acquired Piedmont Neonatology PC, a Greensboro-based provides neonatal services. |
Oaisys | Mitel Networks Corp | | Mitel Networks Corp of Canada acquired OAISYS, a Tempe-based developer of call recording and contact center management solutions. Terms were not disclosed. |
LegacyRx Holdings LLC | Modern HEALTHcare Inc | | Modern Healthcare Inc acquired LegacyRx Holdings LLC, an Orlando-based specialty pharmacy. Terms of the transaction were not disclosed. |
Total Life Care Pharmacy | Modern HEALTHcare Inc | | Modern HEALTHcare Inc, a unit of Altamont Capital Partners LLC, acquired Total Life Care Pharmacy Rx Pharmacy LLC, a Harvey-based specialty pharmacy. Terms were not disclosed. |
Bonds.com Group Inc | MTS Markets International Inc | | MTS Markets International Inc, a unit of the Societa per il Mercato dei Titoli di Stato-Borsa Obbligazionaria Europea SpA subsidiary of Borsa Italiana SpA's (Borsa Italiana) MBE Holding unit, agreed to acquire the entire share capital of Bonds.com Group Inc, a New York-based provider of online securities trading services. Terms were not disclosed, but according to company officials, the transaction was valued at $15 million in cash. Borsa Italiana was a unit of London Stock Exchange Group PLC's London Stock Exchange PLC subsidiary. |
Residence Inn by Marriott | Noble Investment Group LLC | | Noble Investment Group LLC acquired four Residence Inn by Marriott hotels, located in Cleveland, Ohio. Terms were not disclosed. |
North Technology Group LLC | Oakley Capital Private Eq LP | | Oakley Capital Private Equity LP of the UK, a unit of Oakley Capital Investments Ltd, acquired an undisclosed majority interest in North Technology Group LLC, a Milford-based manufacturer of sails. |
Airpush Inc | Perion Network Ltd | | Perion Network Ltd was rumored to be planning to acquire Airpush Inc, a Los Angeles-based provider of mobile advertising services. Terms were not disclosed, but according to people familiar with the transaction, the deal was valued at $170 million. |
Chevron USA-Ferndale Terminal | Petrogas Energy Corp | | Petrogas Energy Corp agreed to acquire Ferndale Terminal from Chevron USA Inc, a San Ramon-based oil and gas exploration and production company. |
Capital Growth Corp | Pladeo Corp | | Pladeo Corp of Mexico acquired the entire share capital of Capital Growth Corp, a provider of financing services. |
Lorillard Inc | Reynolds American Inc | | Reynolds American Inc was rumored to be planning to acquire the entire share capital of Lorillard Inc, a Greensboro-based producer and wholesaler of cigarettes. Terms were not disclosed but, according to people familiar with the transaction, the deal was valued at an estimated $20 billion. |
Trubiquity Inc | Rocket Software Inc | | Rocket Software Inc acquired Trubiquity Inc, a Rochester Hills-based developer of data exchange software, from Kinderhook Industries LLC. |
Apogee Software Ltd | SDN Invest ApS | | SDN Invest ApS of Denmark acquired Apogee Software Ltd, a Garland-based developer of video game software. Terms were not disclosed. |
Darden Rest-Red Lobster Business | Shareholders | | Darden Restaurants Inc, an Orlando-based owner and operator of restaurants, planned to spin off its Red Lobster business unit, to its shareholders. |
WebDAM | Shutterstock Inc | | Shutterstock Inc definitively agreed to acquire WebDAM, a California-based provider of digital asset management. |
Flexible Foam Products Inc | Sleep Innovations Inc | | Sleep Innovations Inc, a unit of Sun Capital Partners Inc, definitively agreed to acquire Flexible Foam Products Inc, a Spencerville-based manufacturer and supplier of polyurethane foam products, from Ohio Decorative Products Inc. Terms were not disclosed. |
Echo Nest Corp | Spotify Ltd | | Spotify Ltd of the UK acquired Echo Nest Corp, a Somerville-based developer of music management software. |
SyncroFlo Inc | SPP Pumps LP | | SPP Pumps LP, a unit of Kirloskar Brothers Ltds SPP Pumps Ltd unit, acquired the entire share capital of SyncroFlo Inc, a Norcross-based manufacturer and wholesaler of water pumps. |
Specialty Retailers (TX) LLC | Steele's & Deals LLC | | Steele's & Deals LLC, a unit of Hilco Global, agreed to acquire the entire share capital of Specialty Retailers (TX) LLC, an owner and operator of department stores, from Stage Stores Inc. |
Plant Tape Altea SL | Tanimura & Antle Inc | | Tanimura & Antle Inc, planned to acquire the entire share capital of Plant Tape Altea SL, a US-based owner and operator of farm, and a unit of Plant Tape USA Inc. |
Horizon Post-Acute | The Ensign Group Inc | | The Ensign Group Inc acquired Horizon Post-Acute and Rehabilitation Center, a Glendale-based nursing facility. |
Heritage Golf Group LLC | Tower Three Partners LLC | | Tower Three Partners LLC acquired an undisclosed majority interest in Heritage Golf Group LLC, a San Diego-based owner and operator of golf and resort properties. Terms were not disclosed. |
PSI Acquisition LLC | Trafficware Ltd | | Trafficware Ltd, a unit of KRG Capital Partners LLC, acquired PSI Acquisition LLC, a Salem-based manufacturer of traffic equipment. |
JK Distributors Inc | Uni-Select USA Inc | | Uni-Select USA Inc, a unit of Uni-Select Inc, agreed to acquire JK Distributors Inc, a Falls Church-based manufacturer of automobile parts. |
LeisureLink Inc | VacationRoost Group Inc | | VacationRoost Group Inc, a unit of Castles Travel Inc, a joint venture between Kinderhook Industries LLC and Castles Media Co LLC, acquired LeisureLink Inc, a Pasadena-based provider of electronic distribution and online property services. |
CourseSmart LLC | Vital Source Technologies Inc | | Vital Source Technologies Inc, a unit of Ingram Industries Inc, acquired CourseSmart LLC, a San Mateo-based wholesaler of eTextbooks and digital course materials. |
SnapNames.com Inc | Web.com Group Inc | | Web.com Group Inc acquired SnapNames.com Inc, a unit of Keydrive SA, a Inc, a Portland-based provider of domain management services. |
Broadcast International Inc | Wireless Ronin Technologies | | Wireless Ronin Technologies Inc agreed to merge with Broadcast International Inc, a Salt Lake City-based developer of internet software, in a stock swap transaction. |
SteamFunk Labs Inc | Yahoo! Inc | | Yahoo! Inc acquired SteamFunk Labs Inc, a Portland-based provider of online social network services. Terms were not disclosed. |
Source: Thomson Reuters | | | |