The majority of building permits (64%) in the first quarter were for single-family homes, while 33% of the total permits accounted for multifamily properties with at least five housing units. Image: ThinkStock
Target Acquirer Value ($millions) Synopsis
Thermal Dynamics International LLC Zhejiang Yinlun Machinery Co Ltd 56.7 Zhejiang Yinlun Machinery Co Ltd of China agreed to pay $56.65 million to acquire the entire share capital of Thermal Dynamics International LLC, an Ontario-based manufacturer and wholesaler of advanced technology heat exchangers.
Lake National Bank,Mentor,Ohio CNB Financial Corp 24.8 CNB Financial Corp definitively agreed to acquire the entire share capital of Mentor-based Lake National Bank for an estimated $24.75 million in cash.
Spectrum Technologies Inc Transcat Inc 11.8 Transcat Inc paid $11.75 million to acquire Spectrum Technologies Inc, a Paxinos-based provider of commercial calibrations, test equipment repair services. The consideration consisted of $11.25 million in cash and up to $0.5 million in profit-related payments.
Slide the City LLC Sack Lunch Productions Inc 4.2 Sack Lunch Productions Inc, a unit of Artistmss International Group Inc, acquired the remaining 33.3% stake it did not already own in Slide the City LLC, a Salt Lake City-based provider of slip and slide evets services, for $4.17 million in series A preferred shares. The transaction included Slide the City Franchising LLC, Slide the City Canada LLC, and The Lantern Fest LLC.
E-N-G Mobile Systems Inc PositiveID Corp 1.0 PositiveID Corp, a unit of VeriTeQ Corp, acquired the entire share capital of E-N-G Mobile Systems Inc, a Concord-based manufacturer of specialty vehicles, from Dick Glass for an estimated $1. 013 million. The consideration consisted of $0.75 million in cash, $0.15 million in convertible promissory note, and up to $0.113 million in profit-related payments.
Marianas Labs 1-Page Ltd   1-Page Ltd of Australia, a unit of Hillgrove Resources Ltd, acquired Marianas Labs, a Pittsburgh-based provider of data processing, data science and machine learning services. Terms were not disclosed.
Delfin Group USA LLC Amalie Oil Co   Amalie Oil Co, a unit of Packers Acquisition Corp, acquired Delfin Group USA LLC, a North Charleston-based manufacturer of petroleum lubricants.
Gulf Oil LP-Refined Products Terminals,PA(4) Arc Logistics Partners LP   Arc Logistics Partners LP agreed to acquire 4 refined products terminals of Gulf Oil LP, a Framingham-based wholesaler refined petroleum products, ultimately owned by Chelsea Petroleum Products I LLC. The transaction would include terminals located in Altoona, Mechanicsburg, Dupont and South Williamsport, Pennsylvania.
Famous Brands LLC Aristocrat Group Corp   Aristocrat Group Corp signed a Letter of Intent to acquire Famous Brands LLC, a Houston-based producer of beverage alcohol products.
Talking Rain Beverage Co Inc Asahi Group Holdings Ltd   Asahi Group Holdings Ltd of Japan, was rumored to be planning to acquire Talking Rain Beverage Co Inc, a Preston-based manufacturer of bottled water. The terms of the transaction were not disclosed, but according to sources privy to the transaction, the deal is estimated to worth $415 million.
Statewide Wholesale Inc Beacon Roofing Supply Inc   Beacon Roofing Supply Inc acquired Statewide Wholesale Inc, a Denver-based wholesaler of residential and commercial roofing and related products.
Calumet Bancshares Inc Calumet Bancorp Inc   Calumet Bancorp Inc, a unit of FBOP Corp,Oak Park, Illinois, acquired Calumet Bancshares Inc, a Brillion-based bank holding company.
Fitness First Inc Combat Brands LLC   Combat Brands LLC acquired Fitness First Inc, a Kansas-based online retailer.
United American Savings Bank Emclaire Financial Corp, Emlenton,Pennsylvania   Emclaire Financial Corp,Emlenton, Pennsylvania planned to acquire the remaining stake it did not already own in United American Savings Bank, a Pittsburgh-based credit card issuer.
Starin Marketing Inc Employee Stock Ownership Plan   Starin Marketing Inc ESOPacquired a 51.4% interest in Starin Marketing Inc, a Chesterton-based provider of audio, video, multimedia, lighting, and communication solutions.
ColorMaster Automotive Paint Inc FinishMaster Inc   FinishMaster Inc, a unit of Uni-Select Inc, agreed to acquire ColorMaster Automotive Paint Inc, a St. Louis-based wholesaler of automotive supplies.
Metem Corp General Electric Co   General Electric Co agreed to acquire Metem Corp, a Parsippany-based manufacturer and wholesaler of machining and assembled turbine super-alloy components.
Continental General Insurance Co HC2 Holdings Inc   HC2 Holdings Inc acquired Continental General Insurance Co, an Austin-based provider of health insurance services, from American Financial Group Inc.
Canberra Industries Inc Investor Group   Canberra Industries Inc SPV, a specialpurpose acquisition vehicle formed by Charterhouse Capital Partners LLP and Mirion Technologies Inc, planned to acquire Canberra Industries Inc, a Meriden-based manufacturer of nuclear measurement devices. The acquirer plans to purchase the target from Areva Inc, ultimately owned by the French state-owned Areva SA, via a leveraged buyout deal Originally, Areva announced that it was seeking a buyer for its Canberra unit.
Brushy Resources Inc Lilis Energy Inc   Lilis Energy Inc definitively agreed to merge with Brushy Resources Inc, a San Antonio-based oil and gas exploration and production company, for an estimated $13.55 million. The consideration would consist of the assumption of up to $13.55 million in liabilities and the issuance of an undisclosed amount in Lilis common shares.
SW Caging Corp Moore DM Group LLC   Moore DM Group LLC acquired SW Caging Corp, a Topeka-based provider of caging services.
Southwest Publishing & Mailing Corp Moore DM Group LLC   Moore DM Group LLC acquired Southwest Publishing & Mailing Corp, a Topeka-based provider of printing and mailing services.
Cincinnati Commercial Real Estate Inc Newmark Grubb Knight Frank   Newmark Grubb Knight Frank, a unit of BGC Partners Inc, acquired Cincinnati Commercial Real Estate Inc, a Cincinnati-based provider of real estate services. Terms were not disclosed.
Absolute Advantage Insurance Services llc NFP Corp   NFP Corp, a unit of Madison Dearborn Partners LLC, acquired Absolute Advantage Insurance Services llc, a Lake Havasu City-based insurance agency.
American Residential Gap LLC ProGreen Properties Inc   ProGreen Properties Inc, a unit of EIG Venture Capital Ltd, signed a Letter of Intent to acquire the entire share capital of American Residential Gap LLC, a real estate investment firm, from American Residential Fastigheter AB.
Fresh & Easy LLC Safeway Inc   Safeway Inc, a unit of AB Acquisition LLC, acquired Fresh & Easy LLC, a San Jose-based supermarket operator.
Marcus & Millichap Inc-Shopping Center Portfolio Seeking Buyer   In December 2015, Marcus & Millichap Inc, a Calabasas-based residential property manager, announced that it is seeking a buyer for its shopping center portfolio.
Pure Metal Recycling LLC-Assets Seeking Buyer   In December 2015, Pure Metal Recycling LLC, a Chicago-based manufacturer of recycled metal products, announced that it is seeking a buyer for its assets.
Cargill Inc-Crop Insurance Business Silveus Insurance Group Inc   Silveus Insurance Group Inc planned to acquire the crop insurance business of Cargill Inc, a Minneapolis-based soybean processor. Terms were not disclosed.
NewCom International Inc SpeedCast International Ltd   SpeedCast International Ltd of Australia definitively agreed to acquire NewCom International Inc, a Miami-based provider of satellite and terrestrial communications services.
Seifer Kitchen Design Center US LBM Holdings LLC   US LBM Holdings LLC, jointly owned by BlackEagle Partners LLC and Building Industry Partners LLC, acquired Seifer Kitchen Design Center, a Pine Brook-based provider of kitchen and bath cabinetry design services.
Load King Trailers Utility One Source   Utility One Source acquired Load King Trailers, a Bridgeview-based manufacturer of travel trailers.
National Paint Industries Inc Valentus Specialty Chemicals Inc   Valentus Specialty Chemicals Inc, a unit of Huron Capital Partners LLC, acquired National Paint Industries Inc, a North Brunswick-based manufacturer specialty paint products.
US M&A Deals Announced December 27-December 30, 2015      
Source: Thomson Reuters      

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