TargetAcquirerValue ($millions)Synopsis
Johnson Controls IncTyco International PLC22,659.7Tyco International PLC of Ireland definitively agreed to merge with Johnson Controls Inc, a Milwaukee-based manufacturer of industrial interior systems, via a reverse takeover transaction valued at $22.659 billion. Tyco offered a choice of $24.88 in cash or 1 NewCo ordinary share per Johnson share, subject to proration whereby an aggregate of approximately $3.9 billion cash would be paid. Upon the completion, the merged entity would be renamed as Johnson Controls PLC, with Johnson and Tyco shareholders owning 56% and 44% of the merged entity respectively. This transaction is structured as a tax inversion. Originally, Tyco was rumored to be planning to acquire Johnson.
Lockheed Martin Corp-Government IT & Technical Services BusinessesLeidos Holdings Inc5,929.6Leidos Holdings Inc definitively agreed to pay around $5.93 billion to acquire the government IT and technical services businesses of Lockheed Martin Corp, a Bethesda-based manufacturer of guided missiles, space vehicles, radar systems, military communications and information systems. The consideration would consist of an estimated $1.8 billion in cash and 76.959 million new Leidos' common shares collectively valued at $4.13 billion. The shares were valued based on Leidos' closing stock price of $53.66 on 25 January 2016, the last full trading day prior to the announcement. Originally, in July 2015, Lockheed Martin announced that it was seeking a buyer for its businesses.
FirstMerit CorpHuntington Bancshares Inc, Columbus,Ohio3,337.8Huntington Bancshares Inc definitively agreed to acquire the entire share capital of FirstMerit Corp, an Akron-based bank holding company, via a stock swap transaction valued at $3.338 billion. Huntington offered $5 in cash and 1.72 common share per FirstMerit common share. Based on Huntington's closing stock price of $8.8 on 25 January 2016, the last full trading day prior to the announcement, each FirstMerit share was valued at $20.136.
Terex CorpZoomlion Heavy Industry Science &Technology Co Ltd3,255.0Zoomlion Heavy Industry Science &Technology Co Ltd of China intends to launch a unsolicited tender offer to acquire the entire share capital of Terex Corp, a Westport-based manufacturer and wholesaler of construction equipments, for $30 in cash per share or a total value of $3.255 billion. Previously, Konecranes Abp of Finland definitively agreed to acquire Terex, in a stock swap transaction valued at $2.762 billion via a merger of equals.
TransFirst IncTotal System Services Inc2,350.0Total System Services Inc definitively agreed to acquire the entire share capital of TransFirst Inc, a Hauppauge-based provider of transaction processing services and payment processing technologies, from Vista Equity Partners LLC for an estimated $2.35 billion in cash.
Talmer Bancorp IncChemical Financial Corp1,097.2Chemical Financial Corp definitively agreed to acquire the entire share capital of Talmer Bancorp Inc, a Troy-based bank holding company, via a stock swap transaction valued at $1.097 billion. Chemical offered $1.61 in cash and 0.4726 common shares per Talmer share. Based on Chemical's closing stock price of $29.7 mil, each Talmer share was valued at $15.643. Upon completion of the deal, Chemical and Talmer shareholders would receive 55% and 45% respectively.
CD-adapco Group IncSiemens AG970.0Siemens AG of Germany agreed to acquire the entire share capital of CD-adapco Group Inc (CDG), a Melville-based developer of engineering simulation software, for $970 million. Originally, Siemens was rumored to be planning to acquire CDG.
Clarion Partners LLCLegg Mason Inc585.0Legg Mason Inc agreed to acquire an 83% interest in Clarion Partners LLC, a New York-based lessor of real estate property, from Lightyear Capital LLC for $585 million in cash. Originally, in November 2015, Lightyear Capital LLC was rumored to be seeking a buyer for its undisclosed minority stake in Clarion Partners LLC. Legg Mason Inc was named as a potential bidder back then.
Physiotherapy Associates Holdings IncSelect Medical Holdings Corp400.0Select Medical Holdings Corp agreed to acquire the entire share capital of Physiotherapy Associates Holdings Inc, an Exton-based provider of outpatient physical rehabilitation care services, for an estimated $400 million in cash.
Tennis Channel IncSinclair Broadcast Group Inc350.0Sinclair Broadcast Group Inc definitively agreed to acquire the entire share capital of Tennis Channel Inc, a Santa Monica-based television station operator, for $350 million in cash.
Century-National Insurance CoNational General Holdings Corp315.0National General Holdings Corp agreed to acquire Van Nuys-based Century-National Insurance Co for an estimated $315 million. The consideration would consist of around $190 million in cash and up to $125 million in profit-related payments.
Trican Well Service Ltd-US AssetsKeane Group Holdings LLC247.0Keane Group Holdings LLC agreed to acquire the assets of Trican Well Service Ltd, a Calgary-based provider of pressure pumping services, for $247 million. The consideration would consist of $200 million in cash and $47 million in Keane common stock.
Quicksilver Resources Inc-US AssetsBlueStone Natural Resources II LLC245.0BlueStone Natural Resources II LLC, a unit of BlueStone Natural Resources LLC, agreed to acquire the US assets of the bankrupt Quicksilver Resources Inc, a Fort Worth-based oil and gas exploration and production company, for $245 million in cash via an auction. Originally, in September 2015, Quicksilver announced that it was seeking a buyer for its US assets.
PENSCO Trust CoOpus Bank103.7Opus Bank definitively agreed to acquire the entire share capital of PENSCO Trust Co, a San Francisco-based provider of asset and investment management services, for $103.743 million. The consideration would consist of $47. 25 million in cash and the issuance of 1.699 million common shares collectively valued at $56.493 million. The shares were valued based on Opus Bank's closing stock price of $33.26 on 22 January 2015, the last full trading day prior to the announcement.
Investor Analytics LLCStatPro Group PLC16.0StatPro Group PLC of the UK paid $16 million to acquire Investor Analytics LLC, a New York-based provider of portfolio and risk management services.
RML CC5 LLCRaimon Land PCL10.9Raimon Land PCL of Thailand planned to acquire the entire share capital of RML CC5 LLC, an owner and operator of office buildings, from Jit Sun Asset Management for $10.87 mil.
Butte Highlands JV LLCNew Jersey Mining Co0.4New Jersey Mining Co signed a Letter of Intent to acquire a 50% interest in Butte Highlands JV LLC, a Butte-based gold ore mine operator, from Timberline Resources Corp for $0.39 million. The consideration would consist of $0.225 million in cash and the issuance of 3 million common shares collectively valued at $0.165 million. The shares were valued based on New Jersey's closing stock price of $0.055 on 25 January 2016, the last full trading day prior to the announcement.
Clayton Valley Lithium Brine Project, Esmeralda County,NevadaCypress Development Corp0.2Cypress Development Corp of Canada was granted an option to acquire Clayton Valley Lithium Brine project, a Nevada-based lithium mining company, for $0.202 million. The consideration would consist of $0.163 million in cash and the issuance of 1.1 million Cypress common shares valued at $0.039 apiece. The shares were valued based on Cypress' closing stock price of $0.035 on 21 January 2016, the last full trading day prior to the announcement.
AIG Advisor Group IncAIG Advisor Group Inc SPV AIG Advisor Group Inc SPV, a special purpose acquisition vehicle formed by Canadian state-owned Public Sector Pension Investment Board and Lightyear Capital LLC, definitively agreed to acquire AIG Advisor Group Inc, a New York-based provider of brokerage services, via a leveraged buyout transaction. The target would be purchased from SunAmerica Life Insurance Co, ultimately owned by American International Group Inc,. Terms were not disclosed.
Swift Worldwide Resources LtdAir Energi Group Ltd Air Energi Group Ltd of the UK, a unit of LGV Capital Ltd, merged with Swift Worldwide Resources Ltd, a Houston-based provider of global workforce solutions services, from Wellspring Capital Management LLC. Upon completion of the deal, the merged entity was named as Airswift Holdings Ltd.
Hose House IncAir Hydro Power Inc Air Hydro Power Inc acquired Hose House Inc, a Corbin-based industrial machinery and equipment merchant wholesaler.
Inverness Holdings LLCAncora Group Inc Ancora Group Inc definitively agreed to acquire Inverness Holdings LLC, a Beachwood-based provider of independent wealth management and investment advisory services.
Citizens Business Bank,Porterville,California-Certain AssetsBank of the Sierra,Porterville ,California(Sierra Bancorp) Sierra Bancorp's unit Bank of the Sierra planned to acquire certain assets of Citizens Business Bank, a Porterville-based commercial bank ultimately owned by CVB Financial Corp.
Clearsoft IncBattle Resource Management Inc Battle Resource Management Inc acquired Clearsoft Inc, a Fairfax-based provider of agile enterprise software development and systems integration services.
DHI Group Inc-Slashdot & SourceForge BusinessesBIZX LLC Bizx LLC acquired the Slashdot & SourceForge businesses of DHI Group Inc, a New York-based provider of business support services. Originally, in July 2015, DHI announced that it was seeking a buyer for its businesses.
Fiskars Brands Inc-American Designer Pottery DivisionBloem Living LLC Bloem Living LLC acquired the american designer pottery division of Fiskars Brands Inc, a Madison-based manufacturer and wholesaler of consumer and commercial products, which is a unit of Fiskars Oyj Abp.
Media Properties Holdings INCCannella Response Television Inc Cannella Response TelevisionInc plans to acquire Media Properties Holdings INC, a New York-based radio network, from Channel 17 Associates Ltd.
Mutual Bank,Falmouth,MACape Cod Five Cents Savings Bank,Orleans,MA Cape Cod Five Cents Savings Bank acquired Falmouth-based Mutual Bank from Mutual Bank. Terms were not disclosed.
Golden Eagle Roofing LLCCherubim Interest Inc Cherubim Interest Inc signed a Memorandum of Understanding to acquire the entire share capital of Golden Eagle Roofing LLC, a Plano-based roofing contractor.
Destination Hotels & Resorts IncCommune Hotels & Resorts LLC Geolo Capital's unit Commune Hotels & Resorts LLC merged with Destination Hotels & Resorts Inc, an Englewood-based hotel operator owned by Lowe Enterprises Inc.
Seven Hills WineryCrimson Wine Group Ltd Crimson Wine Group Ltd acquired Seven Hills Winery, a Walla Walla-based winery.
New Century Hospice IncCuro Health Services Inc Curo Health Services Inc acquired New Century Hospice Inc, a Dallas-based provider of hospice care services, from Scale Venture Partners and Petra Capital Partners Inc.
Hillenbrand Insurance Services IncDigital Benefit Advisors Inc Digital Benefit Advisors Inc, a unit of Digital Insurance Inc, acquired Hillenbrand Insurance Services Inc, a Roseville-based insurance agency.
Phibro LLCEnergy Arbitrage Partners Energy Arbitrage Partners acquired Phibro LLC, a Stamford-based provider of commodity merchant services, from Occidental Petroleum Corp. The transaction included certain assets relating to the former Phibro trading business.
Triumph Sports USA IncEscalade Sports Escalade Inc's unit Escalade Sports acquired Triumph Sports USA Inc, an Evansville-based manufacturer and distributor of sports and outdoor recreational equipment.
Really Good Stuff IncExcelligence Learning Corp Excelligence Learning Corp, a unit of Brentwood Associates Inc, acquired Really Good Stuff Inc, a provider of commercial and industrial machinery and equipment repair and maintenance services.
CinemaNow IncFilmOn PLC FilmOn PLC of the UK, a unit of Global Emerging Markets Ltd, acquired CinemaNow Inc, a Marina Del Rey-based provider of over-the-top, on-demand Internet streaming media services from Regent Equity Partners.
Save A Load IncFleet Engineers Inc Fleet Engineers Inc acquired Save A Load Inc, a Charlotte-based provider of engineering services.
Bitzio IncFLUX Carbon Corp Flux Carbon Corp acquired an undisclosed majority interest in Bitzio Inc, a Chatsworth-based manufacturer of apparels. The terms of the transaction were not disclosed, but according to sources familiar with the transaction, the deal was valued at $2.9 million. Concurrently Flux Carbon Corp acquired an undisclosed majority interest in Greenshift Corp
Greenshift CorpFLUX Carbon Corp FLUX Carbon Corp acquired an undisclosed majority interest in Greenshift Corp, a New York-based provider of waste management services, from Carbonics Capital Corp, ultimately owned by Westport Energy Holdings Inc. Terms were not disclosed, but according to sources familiar with the transaction, the deal was valued at around $14 million. Concurrently LUX Carbon Corp acquired an undisclosed majority interest in Bitzio Inc
PCC Technology Group LLCGCR Inc Gcr Inc acquired Pcc Technology Group LLC, a Windsor-based provider of business domain expertise and information technology services.
DoubleTree by Hilton Hotel Colorado SpringsGF Management Inc GF Management Inc acquired DoubleTree by Hilton Hotel Colorado Springs, a hotel owner and operator.
ArcTouch IncGrey Global Group Inc Grey Global Group Inc, a unit of WPP PLC, acquired ArcTouch Inc, a San Francisco-based provider of full-service mobile design and development services.
Openvision Networks IncHollywall Entertainment Inc Hollywall Entertainment Inc acquired Openvision Networks Inc, a College Park-based television broadcaster.
LifebankUSA IncHuman Longevity Inc Human Longevity Inc agreed to acquire LifebankUSA Inc, a Cedar Knolls-based provider of blood banking services, from Celgene Corp. Terms were not disclosed.
Key Green Builder Services LLCInstalled Building Products Inc Installed Building Products Inc acquired Key Green Builder Services LLC, an Austin-based provider of insulation installation services.
Resource/AmmiratiInternational Business Machines Corp{IBM} International Business Machines Corp intends to acquire Resource/Ammirati, a Columbus-based provider of digital marketing consulting services.
Imagine! Print Solutions IncInvestor Group An investor group, comprised of Oak Hill Capital Partners LP and the management of Imagine! Print Solutions Inc, definitively agreed to acquire the entire share capital of Imagine, a Minneapolis-based provider of commercial printing services, from Classic Graphics Inc via a leveraged buyout transaction. Terms were not disclosed.
Henman Engineering & Machine IncJD Norman Industries Inc JD Norman Industries Inc acquired Henman Engineering & Machine Inc, a Muncie-based manufacturer of automotive components and parts. Terms were not disclosed.
Sensor Medical Technology LLCKatena Products Inc Katena Products Inc acquired Sensor Medical Technology LLC, a Maple Valley-based manufacturer of ophthalmic goods.
Bokanyi Consulting IncKellton Tech Solutions Ltd Kellton Tech Solutions Ltd of India acquired Bokanyi Consulting Inc, a Houston-based provider of enterprise solutions and cloud services.
Castex Energy Inc-Lapeyrouse Field,Terrebonne Parish, LouisianaKrewe Energy LLC Krewe Energy LLC, a unit of Sage Road Capital, acquired the Lapeyrouse Field in Terrebonne Parish from Castex Energy Inc, a Houston-based oil and gas exploration and production company owned by GenOn Energy Inc.
HKG Estate WinesLandmark Vineyards FIJI Water LLC's unit Landmark Vineyards, acquired HKG Estate Wines, a Healdsburg-based winery.
Husk LLCLifeline Farms LLC Lifeline Farms LLC acquired Husk LLC, a Greenfield-based producer of locally-grown frozen vegetables.
Subaru of RiversideLithia Motors Inc Lithia Motors Inc acquired Subaru of Riverside, a Riverside-based new car dealer.
Standard Mutual Insurance CoNational General Holdings Corp National General Holdings Corp definitively agreed to acquire Standard Mutual Insurance Co, a Springfield-based provider of insurance services.
Air Liquide SA-Liquid Carbon Dioxide & Dry Ice Facilities, Millington,TennesseenexAir LLC nexAir LLC acquired the liquid carbon dioxide & dry ice facilities located in Millington, Tennessee owned by Air Liquide SA, a Paris-based manufacturer and wholesaler of industrial gases.
SupraMed IncNextech Systems LLC Nextech Systems LLC acquired SupraMed Inc, a San Diego-based developer of web-based practice management services.
Navigator Planning Group LLCNicolet National Bank,Green Bay,Wisconsin Nicolet National Bank agreed to acquire Navigator Planning Group LLC, a Green Bay-based provider of financial investment services.
KBACE Technologies IncNielsen Media Research Inc Cognizant Technology Solutions Corp acquired KBACE Technologies Inc, a Nashua-based provider of information technology services. Terms were not disclosed.
Kiersted Systems LPOmniVere LLC OmniVere LLC acquired Kiersted Systems LP, a Houston-based law office.
Novotus LLCOrion ICS LLC Orion ICS LLC acquired Novotus LLC, an Austin-based provider of recruitment process outsourcing (RPO) and recruiting services. Terms were not disclosed.
ParkingEdge LLCParkWhiz LLC ParkWhiz LLC acquired ParkingEdge LLC, a New York-based developer of parking search software. Terms were not disclosed.
Mid Atlantic Insurance Services IncPatriot National Insurance Group Inc Patriot National InsuranceGroup Inc, a unit of Patriot Risk Management Inc, acquired Mid Atlantic Insurance Services Inc, a Richmond-based insurance agency.
EnTrust Capital IncPermal Group Permal Group, a unit of Legg Mason Inc, definitively agreed to acquire the entire share capital of EnTrust Capital Inc, a New York-based provider of alternative asset management services. Upon completion of the deal, the new entity would be named as EnTrustPermal, wherein Legg Mason and EnTrust will own a 65% and 35% stake respectively.
Avenue Financial Holdings IncPinnacle Financial Partners Inc Pinnacle Financial Partners Inc plans to merge with Avenue Financial Holdings Inc, a Nashville-based commercial bank. Terms were not disclosed, but according to sources familiar with the transaction, the deal is estimated to be valued at $201.4 million.
Farmers State Bank,Sublette,IllinoisPioneer State Bank,Earlville,Illinois Pioneer State Bank, a unit of NBE Bancshares Inc, planned to merge with Sublette-based Farmers State Bank owned by FSB Corp.
NexGen Storage LLCPivot3 Inc Pivot3 Inc definitively agreed to acquire NexGen Storage LLC, a Louisville-based manufacturer of storage systems, from Fusion-io Inc, ultimately owned by SanDisk Corp.
Lifecode Genetics LLCPredictive Tech Group Inc Predictive Tech Group Inc acquired Lifecode Genetics LLC, a Las Vegas-based biotechnology company.
GlobalCare IncPremier Healthcare Exchange Premier Healthcare Exchange merged with GlobalCare Inc, an Alpharetta-based provider of claims adjusting services. Concurrently Premier Healthcare Exchange merged with Stratose Inc and Pay-Plus Solutions Inc.
Pay-Plus Solutions IncPremier Healthcare Exchange Premier Healthcare Exchange acquired the remaining stake it did not already own in Pay-Plus Solutions Inc, a Clearwater-based provider of data processing and hosting services. Concurrently Premier Healthcare Exchange merged with Stratose Inc and GlobalCare Inc.
Stratose IncPremier Healthcare Exchange Premier Healthcare Exchange merged with Stratose Inc, an Atlanta-based provider of claims adjusting services. Concurrently Premier Healthcare Exchange merged with GlobalCare Inc and Pay-Plus Solutions Inc.
Precision Die Casting IncRane(Madras)Ltd Rane (Madras) Ltd of India, a unit of Rane Holdings Ltd, through an undisclosed subsidiary, planned to acquire the entire share capital of Precision Die Casting Inc, a Russellville-based manufacturer of aluminum die casting products. The deal has been sealed at an enterprise value of $8.9 million and the cost of acquisition of the entire equity is at $1. Post the acquisition, the company will invest $2 million.
RE/Max ExpertsRE/MAX Suburban Inc RE/MAX Suburban Inc acquired RE/Max Experts, a Buffalo Grove-based real estate agency.
Live Response Solutions IncRentPath Inc RentPath Inc, a unit of TPG Capital LP, plans to acquire Live Response Solutions Inc, a Scottsdale-based provider of telephone answering services.
Hollywood Software IncRentrak Corp Rentrak Corp acquired Hollywood Software Inc, a Woodland Hills-based developer of software, from Access Integrated TechnologiesInc, ultimately owned by Cinedigm Digital Cinema Corp.
Saint James Films LLCRising India Inc Rising India Inc acquired Saint James Films LLC, a provider of motion picture production services, from Mike The Pike Productions Inc.
Wolf-Gordon IncSaw Mill Capital LLC Saw Mill Capital LLC acquired Wolf-Gordon Inc, a New York-based manufactures, wholesales and retails wall coverings and paints, from Corinthian Capital Group LLC via a leveraged buyout transaction.
Clear Vision Information Systems IncSCIO Health Analytics Scio Health Analytics acquired Clear Vision Information Systems Inc, a Westlake Village-based developer of an analytics solution and services suite. Terms were not disclosed.
Marketplace Events LLCSentinel Capital Partners LLC Sentinel Capital Partners LLC acquired Marketplace Events LLC, a Solon-based provider of marketing shows services, via a leveraged buyout transaction.
University of Hawaii Cancer CenterShareholders University of Hawaii plans to spin off University of Hawaii Cancer Center, a Honolulu-based provider of cancer research services, to its shareholders.
American International Group Inc-Mortgage Insurance BusinessShareholders American International Group Inc is rumored to be planning to spin off its mortgage insurance business to its shareholders.
Slashdot Media & Dice IncSourceForge Media LLC SourceForge Media LLC, a unit of BIZX LLC, acquired Slashdot Media & Dice Inc, a San Jose-based software publisher.
123Compliance CorpSparta Systems Inc Sparta Systems Inc, a unit of Thoma Bravo LLC, acquired 123Compliance Corp, a Santa Barbara-based software publisher.
CurbCall IncStephanie Sullivan Stephanie Sullivan acquired CurbCall Inc, a Boston-based real estate software developer.
Optimal Phone Interpreters IncSTRATUS VIDEO INTERPRETING INC Stratus Video Interpreting Inc acquired Optimal Phone Interpreters Inc, a Winter Park-based provider of interpretation solutions.
Austin Kayak LLCSummit Sports Inc Summit Sports Inc, a unit of Digital Fuel Capital LLC, merged with Austin Kayak LLC, an Austin-based retailer and wholesaler of paddlesports and outdoor adventure equipment.
Instantly IncSurvey Sampling International LLC Survey Sampling International LLC, a unit of HGGC LLC, acquired Instantly Inc, an Encino-based provider of market research services.
Swanson Health Products IncSwander Pace Capital LLC Swander Pace Capital LLC acquired Swanson Health Products Inc, a Fargo-based retailer of branded and third-party healthy living products, via a leveraged buyout transaction.
Ravena Welding Supply IncTech Air Of Connecticut Inc Tech Air of Connecticut Inc, a unit of CI Capital Investors II LP, acquired Ravena Welding Supply Inc, a Ravena-based wholesaler induustrial supplies. Concurrently, Tech Air acquired Hereford Welding Supply Inc.
Hereford Welding Supply IncTech Air Of Connecticut Inc Tech Air of Connecticut Inc, a unit of CI Capital Investors II LP, acquired Hereford Welding Supply Inc, a Hereford-based wholesaler of industrial supplies. Concurrently, Tech Air acquired Ravena Welding Supply Inc.
Quinn Medical LLCThuasne SA Thuasne SA of France acquired Quinn Medical LLC, a San Clemente-based manufacturer of non-invasive orthopedic products.
World Golf Tour IncTopgolf International Inc Topgolf International Inc acquired World Golf Tour Inc, a San Francisco-based developer of gaming software.
Centrue Bank,Fairview Heights,ILTown & Country Bank,Springfield,IL Town & Country Bank, a unit of Town & Country Financial Corp, agreed to acquire a Fairview Heights-based Centrue Bank from Centrue Financial Corp.
Harvest Group Financial Services CorpUnited Capital Financial Advisers LLC United Capital Financial Advisers LLC, a unit of United Capital Financial Partners Inc, acquired Harvest Group Financial Services Corp, a Langhorne-based provider of financial advisory services.
James & Sons IncUnited Community Financial Corp United Community Financial Corp definitively agreed to acquire James & Sons Inc, a Boardman-based insurance agency.
Corbis Corp-Images DivisionUnity Glory International Ltd Unity Glory International Ltd of Hong Kong, a unit of Visual China Group Co Ltd, acquired the images division of Corbis Corp, a Seattle-based developer of visual content software. Terms were not disclosed.
Santa Fe Resource Development IncVeracity Management Global Inc Veracity Management Global Inc plans to acquire Santa Fe Resource Development Inc, a company involved in cleaning and disposal of waste water, transportation of waste water and the repair of water and sewer lines.
Monarch Separators IncWater Standard Management(US)Inc Water Standard Management (US) Inc acquired Monarch Separators Inc, a Houston-based manufacturer of water separation equipment.
US M&A Deals Announced January 22-January 28, 2016   
Source: Thomson Reuters