Target | Acquirer | Value ($millions) | Synopsis |
Anadarko Petroleum Corp | Chevron Corp | 47814.3 | Chevron Corp (Chevron) definitively agreed to acquire the entire share capital of Anadarko Petroleum Corp (Anadarko), a The Woodlands-based oil and gas exploration and production company, for a total $47. 814 billion. Chevron offered $16.25 in cash and 0.3869 common share per Anadarko common share, and the assumption of $15 billion in liabilities. Based on Chevron's closing stock price of $125.99 on 11 April 2019, the last full trading day prior to the announcement, each Anadarko share was valued at $64.996. |
Advanced Disposal Services Inc | Waste Management Inc | 4897.7 | Waste Management Inc (Waste Management) definitively agreed to merge with Advanced Disposal Services Inc (Advanced Disposal), a Ponte Vedra-based provider of non- hazardous solid waste collection, transfer and disposal services, from the Canadian state-owned Canada Pension Plan Investment Board (19%) and other shareholders, for a total value of $4. 898 billion. The consideration was to consist of $33.15 in cash per Advanced Disposal share and the assumption of $1.9 billion in liabilities. Originally, in April 2019, Waste Management was rumored to be planning to acquire the entire share capital of Advanced Disposal. |
Epsilon Data Management LLC | Publicis Groupe SA | 4400.0 | Publicis Groupe SA of France definitively agreed to acquire Epsilon Data Management LLC (Epsilon), an Irving-based provider of loyalty and marketing campaign services, from Alliance Data Systems Corp (Alliance), for an estimated $4.4 billion in cash. Originally, in November 2018, Alliance announced that it was seeking a buyer for its Epsilon unit. |
Electronics For Imaging Inc | Siris Capital Group LLC | 1777.0 | Siris Capital Group LLC definitively agreed to acquire the entire share capital of Electronics For Imaging Inc, a Fremont-based manufacturer and wholesaler of digital printers, for $37 in cash per share, or a total value of $1.777 bil, in a leveraged buyout transaction. |
Acreage Holdings Inc | Canopy Growth Corp | 1584.0 | Canopy Growth Corp (Canopy) of Canada definitively agreed to acquire the entire share capital of Acreage Holdings Inc (Acreage), manufacturer of medical cannabis, for an estimated $1.584 bil, in a stock swap transaction, via scheme of arrangement. The consideration was to consist of $2.55 in cash per share, or a total $112.899 million and 0.5818 Canopy common shares per Acreage share. The shares were valued based on the Canopy's closing stock price of $57.11 on 17 April 2019, the last full trading day prior to the announcement. |
Cloverleaf Cold Storage Co Inc | Americold Realty Trust | 1241.5 | Americold Realty Trust definitively agreed to acquire Cloverleaf Cold Storage Co Inc (Cloverleaf), a Sioux City-based provider of refrigerated warehousing and storage services, from Blackstone Group LP, Cloverleaf's management and other shareholders, for $1. 242 billion in cash. |
Paragon Bioservices Inc | Catalent Inc | 1200.0 | Catalent Inc definitively agreed to acquire the entire share capital of Paragon Bioservices Inc (Paragon), a Baltimore-based provider of biotechnology research and development services, from Camden Partners Holdings LLC (Camden), a unit of Wilmington Trust Corp, Wilmington,Delaware (Wilmington) and NewSpring Capital Inc (NewSpring), for $1.2 billion in cash. Originally, Catalent was rumored to be planning to acquire the entire share capital of Paragon. |
Wm Bolthouse Farms Inc | Butterfly Equity LP | 510.0 | Butterfly Equity LP definitively agreed to acquire Wm Bolthouse Farms Inc (WM), a Bakersfield-based vegetable farming establishment, from Campbell Soup Co (Campbell), for an estimated $510 million in cash, in a leveraged buyout transaction.. Originally, in December 2018, Campbell was rumored to be seeking a buyer for its WM unit. |
Smart & Final Stores Inc | Apollo Global Management LLC | 497.4 | Apollo Global Management LLC, a unit of BRH Holdings GP Ltd, launched its tender offer to merge with Smart & Final Stores Inc (Smart & Final), a Commerce-based retailer, for $6.50 in cash per share, or a total value of $497.409 million in cash, in a leveraged buyout transaction. The offer was conditioned upon at least a majority of Smart & Final's shares being tendered. Upon completion, Smart & Final common shares were to be delisted in the New York Stock Exchange. Originally, in February 2019, Smart & Final was rumored to be seeking a buyer for the company. |
Envigo International Holdings Inc-Nonclinical Research Services Business | Covance Inc | 485.0 | Covance Inc, a unit of Laboratory Corp of America Holdings, agreed to acquire nonclinical research services business of Envigo International Holdings Inc, an East Millstone-based provider of research and development services, for $485 million in cash. |
American Railcar Industries Inc-Manufacturing Business | Greenbrier Cos Inc | 430.0 | Greenbrier Cos Inc definitively agreed to acquire manufacturing business of American Railcar Industries Inc, a St. Charles-based manufacturer of railroad rolling stock, owned by STL Parent Corp, for an estimated $430 million. The consideration was to consist of $380 million in cash and $30 million in notes. |
Salesforce.org | Salesforce.com Inc | 300.0 | Salesforce.com Inc planned to acquire the entire share capital of Salesforce. org, a San Francisco-based software publisher, for $300 mil. |
Advanced Diagnostics Group-Imaging Centres(27) | Akumin Inc | 214.0 | Akumin Inc of Canada agreed to acquire 27 Imaging Centres of Advanced Diagnostics Group, a Tampa-based diagnostic imaging center operator, for a total $214 million. The consideration was to consists of $189 million in cash and $25 million in common shares. |
AngioDynamics Inc-NAMIC Fluid Management Business | Medline Industries Inc | 167.5 | Medline Industries Inc definitively agreed to acquire NAMIC Fluid Management Business of AngioDynamics Inc, a Latham-based manufacturer of navigational, measuring, electromedical and control Instruments, for a total $167.5 mil. |
OCL Financial Services LLC | Adtalem Global Education Inc | 121.0 | Adtalem Global Education Inc agreed to acquire the entire share capital of OCL Financial Services LLC, a Brookfield-based trade school operator, from OnCourse Learning Corp, owned by Bertelsmann Se & Co KGaA, ultimately owned by Verlag Bertelsmann Stiftung, for an estimated $121 million in cash. |
WeDriveU Inc | National Express Group PLC | 84.3 | National Express Group PLC of the UK acquired a 60% interest in WeDriveU Inc, a Burlingame-based provider of employee shuttle services, for a total $84.3 million in cash. |
Cumulus Media Inc-KLOS-FM,Culver City,California | Meruelo Media LLC | 43.0 | Meruelo Media LLC, a unit of Meruelo Group LLC, agreed to acquire KLOS-FM in Culver City, California of Cumulus Media Inc, an Atlanta-based owner and operator of radio stations, for $43 million in cash. |
Dynamic Manufacturing Solutions LLC | Ultra Clean Holdings Inc | 42.5 | Ultra Clean Holdings Inc acquired Dynamic Manufacturing Solutions LLC, an Austin-based provider of engineering services, for an estimated $42.5 million. The consideration consisted of $30 million in cash and up to $12.5 million in profit- related payments. |
Coil Tran Corp | discoverIE Group PLC | 19.2 | DiscoverIE Group PLC (Discoverie) of the UK acquired Coil Tran Corp, a Hobart-based manufacturer of transformers, inductors, assemblies and power supplies, for an estimated $19.2 million. The consideration consisted of $15.2 million in cash and up to $4 million in profit-related payments. Concurrently, Discoverie acquired Positek Ltd. |
Magnolia Pointe Apartment Homes | Fairfield Magnolia Pointe LLC | 15.0 | Fairfield Magnolia Pointe LLC acquired Magnolia Pointe Apartment Homes, a Durham-based owner and operator of residential buildings and dwellings, for a total $15 mil. |
Baldwin-Cox Agency LLC | AssuredPartners Inc | | AssuredPartners Inc, a unit of Apax Partners LP, acquired Baldwin-Cox Agency LLC, a Dallas-based insurance agency. |
ALMEA Insurance Inc | Brown & Brown Inc | | Brown & Brown Inc acquired ALMEA Insurance Inc, a Vancouver-based insurance agency. |
Averill Fundraising Solutions LLC | Collegium Holdings Inc | | Collegium Holdings Inc acquired Averill Fundraising Solutions LLC, a New York City-based provider of management consulting services. |
Planters First Bank-Secondary Market Mortgage Business | Colony Bank | | Colony Bank, a unit of Colony Bankcorp Inc, FitzgeraldGeorgia, agreed to acquire Secondary Market Mortgage Business of Planters First Bank, a Cordele-based commercial bank. Terms were not disclosed. |
Connoisseur Media LLC-Stations,Allentown,Pennsylvania(4) | Cumulus Media Inc-Stations,Southern Connecticut(2) | | Cumulus Media Inc, agreed to acquire 4 Stations in Allentown of Pennsylvania of Connoisseur Media LLC, a Westport-based owner and operator of radio broadcasting stations, in exchange for 2 Stations in Southern Connecticut, in an asset swap transaction. |
Covance Research Products Inc | Envigo International Holdings Inc | | Envigo International Holdings Inc agreed to acquire Covance Research Products Inc, a Denver-based provider of research and development services, from Covance Inc, ultimately owned by Laboratory Corp of America Holdings. |
Omni Healthcare | Global Financial LLC | | Global Financial LLC, a unit of Lovell Minnick Partners LLC, acquired Omni Healthcare, an Atlanta-based provider of consumer lending services. Terms were not disclosed. |
Progressive Community Management-Property & Homeowners Association Management | Keystone Pacific Property Management LLC | | Keystone Pacific Property Management LLC, a unit of Keystone Pacific Property Management Inc, planned to acquire property & homeowners association management of Progressive Community Management, a Mission Viejo-based provider of office administrative services. |
Spring Air Co | Kurlon Ltd | | Kurlon Ltd of India acquired the entire share capital of Spring Air Co, a Chelsea-based manufacturer of mattresses, from TSAC Merger Sub Inc. |
CellTuck LLC | Leve 5 Advertising | | Leve 5 Advertising acquired CellTuck LLC, a Herndon-based provider of website solutions services. |
Amtrust Financial Services Inc-Surety & Credit Reinsurance Business | Liberty Mutual Insurance Co | | Liberty Mutual Insurance Co, a unit of Liberty Mutual Holding Co Inc, definitively agreed to acquire surety & credit reinsurance business of Amtrust Financial Services Inc, a New York City-based direct property and casualty insurance carrier, owned by Evergreen Parent LP. Terms were not disclosed. |
CCI Financial Group Inc-Wealth Management Division | Mai Wealth Advisors | | Mai Wealth Advisors, a unit of BC Investment Partners LLC, acquired wealth management division of CCI Financial Group Inc, an Akron-based investment advisor. |
Diverse Technology Solutions Inc | Ntiva Inc | | Ntiva Inc, a unit of Southfield Capital Advisors LLC, acquired Diverse Technology Solutions Inc, a Terrace-based software publisher. |
Anadarko Petroleum Corp | Occidental Petroleum Corp | | Occidental Petroleum Corp was rumored to be planning to acquire the remaining stake, which it did not already own, in Anadarko Petroleum Corp, a The Woodlands-based oil and gas exploration and production company. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $34.97 bil. |
Ludwick Eye Center Ltd | Omni Ophthalmic Management Consultants LLC | | Omni Ophthalmic Management Consultants LLC, a unit of New MainStream Capital, acquired Ludwick Eye Center Ltd, a Chambersburg-based optometrist's office operator. Terms were not disclosed. |
MapAnything Inc | Salesforce.com Inc | | Salesforce.com Inc definitively agreed to acquire MapAnything Inc, a Charlotte-based software publisher. Terms were not disclosed. |
Arbor Pacific Inc | SLANG Worldwide Inc | | SLANG Worldwide Inc of Canada agreed to acquire the entire share capital of Arbor Pacific Inc, an Arlington-based manufacturer of medicinals and botanicals. |
Intellisoft Group LLC | symplr | | symplr, a unit of Clearlake Capital Group LP, acquired IntelliSoft Group LLC, a Nashua-based software publisher. |
Procter & Gamble Co-Fluocaril & Parogencyl Brands | Unilever PLC | | Unilever PLC of the UK planned to acquire fluocaril & parogencyl brands of Procter & Gamble Co, a Cincinnati-based manufacturer of detergents. Terms were not disclosed. |
Fieldbrook Foods Corp | Wells Enterprises Inc | | Wells Enterprises Inc acquired Fieldbrook Foods Corp, a Dunkrik-based manufacturer of frozen desserts, from Arbor Private Investment Co LP. |
US M&A Deals Announced April 12 to 18, 2019 | | | |