Dealmaking flattened in December, with the month yielding about the same volume as November. (See related charts.) This is a departure from the year-end flurry of activity we’ve seen the last several years.

The dip in dealmaking did not dampen expectations for 2015, however. An impressive 70 percent of transaction pros polled by Mergers & Acquisitions in December said they expect deal flow to increase in 2015.

One of the most interesting transactions to close in December was Yahoo Inc.’s $640 million purchase of video-advertising service BrightRoll Inc.

“Video, along with mobile, social, and native, is driving a surge in digital advertising,” said Yahoo CEO Marissa Mayer when the deal was announced in November. “Here at Yahoo, video is one of the largest growth opportunities.”

Below is a list of selected middle-market M&A deals completed in December 2014. For more, see December Did Not Deliver Traditional Year-End Boost.

Editor’s Note: To measure activity in the middle market, Mergers & Acquisitions looks at transactions that fulfill several requirements: Deals must have a value of roughly $1 billion or less; they must be completed (not just announced) within the timeframe designated; and they must include at least one U.S. company in the role of buyer and/or seller. Excluded from our charts are: recapitalizations; self-tenders; exchange offers; repurchases; stake purchases; and transactions with undisclosed values, buyers or sellers. Our data provider is Thomson Reuters, which updates its databases continuously. We use the data available at press time. For this article, data was collected on Dec. 31, 2014.

Date Acquirer Target Target Industry Value ($mil)
12/19/14 UBM PLC Advanstar Inc Amusement and Recreation Services 972.0
12/16/14 Churchill Downs Inc Big Fish Games Inc Prepackaged Software 900.0
12/01/14 CCMP Capital Advisors LLC Rhodia Eco Services Chemicals and Allied Products 890.0
12/01/14 ONEOK Partners LP Chevron Corp-Natural Gas Electric, Gas, and Water Distribution 800.0
12/15/14 Yahoo! Inc BrightRoll Inc Business Services 640.0
12/01/14 Pfizer Inc Baxter Intl Inc-Coml Vaccines Drugs 635.0
12/09/14 Parkway Properties Inc Corporate Ctr I,II & III Real Estate; Mortgage Bankers and Brokers 475.0
12/12/14 Murata Electronics Peregrine Semiconductor Corp Electronic and Electrical Equipment 465.5
12/01/14 Ares Management LP Farrow & Ball Ltd Chemicals and Allied Products 432.7
12/23/14 Koch Optics Inc Oplink Communications Inc Communications Equipment 428.2
12/11/14 Mobile Mini Inc Evergreen Tank Solutions Inc Business Services 405.0
12/22/14 Investor Group Pike Corp Construction Firms 384.9
12/08/14 Potlatch Forest Holdings Inc Resource Mgmt-Industrial Agriculture, Forestry, and Fishing 384.0
12/12/14 Abbott Laboratories GardenHills Drugs 379.2
12/18/14 Merck & Co Inc OncoEthix SA Drugs 375.0
12/17/14 The Mosaic Co ADM-Fertilizer Business Chemicals and Allied Products 350.0
12/17/14 Southside Bancshares,Tyler,TX OmniAmerican Bancorp Inc Savings and Loans, Mutual Savings Banks 310.3
12/18/14 Aviv REIT Inc Diamond Senior Living-Ppty(28) Health Services 305.0
12/16/14 Constellation Brands Inc Anheuser-Busch Inbev-Glass Stone, Clay, Glass, and Concrete Products 300.0
12/05/14 Tecomet Inc Symmetry Medical Inc Measuring, Medical, Photo Equipment; Clocks 281.6
12/02/14 Alico Inc Orange-Co LP-Certain Assets Agriculture, Forestry, and Fishing 274.0
12/15/14 PerkinElmer Inc Perten Instruments AB Measuring, Medical, Photo Equipment; Clocks 266.0
12/01/14 Watts Water Technologies Inc AERCO International Inc Metal and Metal Products 264.5
12/02/14 Progress Software Corp Telerik AD Prepackaged Software 262.5
12/18/14 Pebblebrook Hotel Trust Northwood Investors LLC-Revere Hotels and Casinos 260.4
12/22/14 Abbott Laboratories Topera Inc Measuring, Medical, Photo Equipment; Clocks 250.0
12/01/14 Salmon Real Estate Ltd Illius Properties Ltd Investment & Commodity Firms,Dealers,Exchanges 247.8
12/17/14 Investor Group Primary Energy Recycling Corp Electric, Gas, and Water Distribution 247.1
12/05/14 Madison International Realty Houndsditch Estate Investment & Commodity Firms,Dealers,Exchanges 244.7
12/17/14 Susser Petroleum Partners LP Aloha Petroleum Ltd Wholesale Trade-Nondurable Goods 240.0
12/29/14 CNL Healthcare Properties Inc Medical Office Buildings(9) Real Estate; Mortgage Bankers and Brokers 238.0
12/12/14 BAE Systems PLC SilverSky Inc Prepackaged Software 232.5
12/16/14 M/A-COM Technology Hldg BinOptics Corp Electronic and Electrical Equipment 230.0
12/10/14 Investor Group Gila River Power LLC-Gila Electric, Gas, and Water Distribution 219.0
12/04/14 Tiptree Financial Inc Fortegra Financial Corp Insurance 212.0
12/16/14 Newell Rubbermaid Inc Baby Jogger LLC Miscellaneous Manufacturing 210.0
12/11/14 MetLife Inc Fairmont Hotel,Washington,DC Hotels and Casinos 180.0
12/22/14 Investor Group GID-Residential Portfolio(2) Real Estate; Mortgage Bankers and Brokers 178.5
12/08/14 Independence Realty Operating Brookside CRA-B1 Oxmoor Real Estate; Mortgage Bankers and Brokers 162.4
12/19/14 Sichuan Xinglida Grp Entrp Co Los Angeles Airport Marriott Hotels and Casinos 160.0
12/22/14 Polymer Additives Inc Ferro Corp-Polymer Additives Chemicals and Allied Products 154.0
12/23/14 Port of Call Online Inc Purebase Inc Mining 153.0
12/10/14 Veritas Capital Partners LP EMCORE Corp-Photovoltaics Bus Electronic and Electrical Equipment 150.0
12/11/14 PBF Logistics LP PBF Energy Inc-Toledo Storage Real Estate; Mortgage Bankers and Brokers 150.0
12/04/14 Veeco Instruments Inc Solid State Equipment LLC Machinery 150.0
12/04/14 DiamondRock Hospitality Co The Win Beach Resort & Spa, FL Hotels and Casinos 149.0
12/04/14 Acadia Realty Trust Magnificent Mile Real Estate; Mortgage Bankers and Brokers 144.3
12/09/14 Strategic Hotels & Resorts Inc Four Seasons Resort Hotels and Casinos 140.0
12/05/14 Aurobindo Pharma USA Inc Natrol Inc Drugs 132.5
12/12/14 Smith & Wesson Holding Corp Battenfeld Technologies Inc Miscellaneous Manufacturing 130.5
12/04/14 Tres Palacios Holdings LLC Tres Palacios Gas Storage LLC Transportation and Shipping (except air) 130.0
12/18/14 The Howard Hughes Corp Gen Growth Ppty Inc-Columbia Real Estate; Mortgage Bankers and Brokers 130.0
12/05/14 HIG Capital LLC Grocery Store Portfolio Retail Trade-Food Stores 122.9
12/16/14 Pantzer Properties Inc The Crest at Fort Lee,Fort Real Estate; Mortgage Bankers and Brokers 120.0
12/15/14 Vonage Holdings Corp Telesphere Networks Ltd Telecommunications 114.6
12/16/14 Cubic Corp DTECH LABS Inc Communications Equipment 114.5
12/30/14 Dunn Paper Inc Clearwater Paper Corp-Business Paper and Allied Products 113.5
12/22/14 Lone Star Real Estate Fund III Moorfield Grp - Real Estate Real Estate; Mortgage Bankers and Brokers 109.1
12/02/14 Ferro Corp Vetriceramici SpA Chemicals and Allied Products 106.5
12/01/14 1st Enterprise Bk,Los Angeles, California United Bk,Encino,CA Commercial Banks, Bank Holding Companies 103.4
12/24/14 Atlantic Tele-Network Inc Green Lake Capital LLC Electric, Gas, and Water Distribution 103.0
12/17/14 Turnbridge Capital LLC Cimarron Energy Inc Machinery 100.0
12/01/14 Rentrak Corp Kantar Media-TV Measurement Business Services 98.0
12/04/14 Millennial Media Inc Nexage Inc Advertising Services 88.0
12/01/14 Nexstar Broadcasting Group Inc Grant Co Inc Radio and Television Broadcasting Stations 87.5
12/19/14 Meredith Corp WALA-TV,Mobile,Alabama Radio and Television Broadcasting Stations 86.0
12/30/14 Rosebud Mining Co AMFIRE Mining Co LLC-Assets Mining 86.0
12/19/14 Corporate Ppty Assoc 18-Global City Center Office Towers Real Estate; Mortgage Bankers and Brokers 84.4
12/02/14 Sphere 3D Inc Overland Storage Inc Computer and Office Equipment 81.9
12/03/14 Recall Holdings Ltd Business Records ManagementLL Business Services 77.0
12/02/14 CRH Medical Corp Gastroenterology Anesthesia Health Services 73.2
12/01/14 Crawford & Co GAB Robins UK Ltd Insurance 72.1
12/28/14 Pohlad Family Cos Polaroid Corp Measuring, Medical, Photo Equipment; Clocks 70.0
12/01/14 Berkeley Aluminum Inc Alumax of South Carolina Inc Metal and Metal Products 67.5
12/01/14 Century Aluminum Co Mt Holly Alum Smelter,SC Metal and Metal Products 67.5
12/22/14 A Soriano Corp Phelps Dodge Intl Corp Metal and Metal Products 67.0
12/19/14 LaSalle Hotel Properties Heathman Hotel,Portland,Oregon Hotels and Casinos 64.3
12/16/14 Evolva Holding SA Allylix Inc Chemicals and Allied Products 61.0
12/08/14 First Midwest Bancorp Inc Great Lakes Finl Resources Inc Commercial Banks, Bank Holding Companies 60.0
12/08/14 Sprague Operating Resources Castle Oil Corp-Assets Miscellaneous Retail Trade 56.0
12/01/14 John Bean Technologies Corp Wolf-tec Inc Machinery 54.0
12/10/14 TriGate Capital LLC Project Dvlp Svcs Inc-Natl Real Estate; Mortgage Bankers and Brokers 53.0
12/11/14 Pebblebrook Hotel Trust Union Stn Hotel,Nashville,TE Hotels and Casinos 52.3
12/05/14 Accel-KKR LLC Ektron Inc Prepackaged Software 52.0
12/04/14 Ivy Equities Management Inc Quorum Business Center Real Estate; Mortgage Bankers and Brokers 51.0
12/01/14 BNC Bancorp,Thomasville,NC Harbor Bank Group Inc Commercial Banks, Bank Holding Companies 50.6
12/01/14 PolyOne Corp Accella Performance Mat-assets Chemicals and Allied Products 49.0
12/04/14 Hays PLC Veredus Corp Business Services 44.0
12/02/14 Shenzhen O-film Tech Co Ltd DigitalOptics Corp-Equip Asts Electronic and Electrical Equipment 39.5
12/10/14 CBRE Global Investors BPH FIZ-Ideal Idea Park Real Estate; Mortgage Bankers and Brokers 39.3
12/01/14 Altus Group Ltd SC&H Group-SALT Practice Personal Services 38.0
12/19/14 TPA Group California State Teachers-Bldg Real Estate; Mortgage Bankers and Brokers 38.0
12/23/14 J Rettenmaier & Soehne GmbH SunOpta Inc-Fiber & Starch Bus Food and Kindred Products 37.5
12/25/14 Ahana Operations LLC Green-Solar Power Plant Asts Electric, Gas, and Water Distribution 36.5
12/11/14 John Wood Group PLC Swaggart Brothers Inc Construction Firms 36.3
12/11/14 Emdeon Inc Adminisource Commun Inc Prepackaged Software 35.0
12/01/14 Northstar Healthcare Inc Athas Health LLC Business Services 34.5
12/09/14 The Carlyle Group LP Newgen Knowledge Works Pvt Ltd Business Services 32.8
12/19/14 Kite Realty Group Trust Rampart Commons,Las Vegas Real Estate; Mortgage Bankers and Brokers 32.3
12/23/14 AlphaPoint Technology Inc N'Compass Solutions Inc Prepackaged Software 32.0
12/08/14 Verisk Analytics Inc Maplecroft.NET Ltd Investment & Commodity Firms,Dealers,Exchanges 31.7
12/17/14 Trinity Quorum Center LLC Quorum Ctr Assocaites Real Estate; Mortgage Bankers and Brokers 31.0
12/12/14 Fox Factory Holding Corp Race Face Performance Prod Inc Transportation Equipment 30.0
12/01/14 Janus Capital Group Inc VS Holdings Inc Investment & Commodity Firms,Dealers,Exchanges 30.0
12/11/14 Vitec Group PLC SmallHD Measuring, Medical, Photo Equipment; Clocks 30.0
12/02/14 Northrim Capital Investment Co Residential Mortgage Holding Real Estate; Mortgage Bankers and Brokers 29.8
12/02/14 Shred-It International Inc Iron Mtain Inc-Intl Shredding Business Services 29.8
12/17/14 WP Carey Inc Light-industrial&Distn Ctr, Real Estate; Mortgage Bankers and Brokers 29.4
12/05/14 Apollo Global Inc Sociedade Tecnica Educ SA Educational Services 28.5
12/08/14 Salisbury Bancorp Inc Riverside Bank Commercial Banks, Bank Holding Companies 28.0
12/22/14 Assisted Living Concepts LLC LTC Ppty Inc-Assisted Living Health Services 26.5
12/17/14 Center Management Group LLC Runnells Specialized Hospital Health Services 26.0
12/19/14 Manitex International Inc ASV Inc Machinery 25.0
12/22/14 AMN Healthcare Services Inc Avantas LLC Prepackaged Software 25.0
12/23/14 Carter/Validus Operating New England Sinai Med Ctr Health Services 23.4
12/08/14 Menlo Equities LLC Parallel Capital Partners-Offi Real Estate; Mortgage Bankers and Brokers 22.0
12/15/14 Zhen Fa New Energy(US)Co Ltd STR Holdings Inc Rubber and Miscellaneous Plastic Products 21.7
12/04/14 Park-Ohio Holdings Corp SAET SpA Machinery 20.8
12/21/14 Hertz Investment Group South Pointe Business Park Real Estate; Mortgage Bankers and Brokers 20.5
12/02/14 EnerNOC Inc Pulse Energy Inc Prepackaged Software 19.5
12/01/14 Stratex Oil & Gas Holdings Inc Richfield Oil & Gas Co Oil and Gas; Petroleum Refining 18.1
12/18/14 IDT Australia Ltd US Generic Drug Products(23) Drugs 18.0
12/22/14 Points International Ltd Crew Mktg Intl Inc Business Services 17.8
12/03/14 Lodging Hospitality Mgmt Corp Hilton Garden Inn,St Hotels and Casinos 17.0
12/08/14 Rexford Industrial Realty Inc Industrial Ppty(2),Fontana,CA Real Estate; Mortgage Bankers and Brokers 16.7
12/15/14 Clean Earth Inc AES Environmental LLC Sanitary Services 16.6
12/09/14 Vertex Energy Inc Heartland Group Holdings LLC Transportation and Shipping (except air) 16.5
12/16/14 NESCO Inc Callos Management Co Inc Business Services 16.0
12/15/14 Springwater Capital LLC Sarenet SA Business Services 15.9
12/09/14 MVP REIT Inc Mabley Place Garage LLC Repair Services 15.0
12/08/14 Inland Real Estate Income Dixie Valley Shopping Center Real Estate; Mortgage Bankers and Brokers 13.6
12/03/14 Lodging Hospitality Mgmt Corp Hilton Gardens Inn,O Fallon,MO Hotels and Casinos 13.5
12/10/14 Synergetics Surgical EU Ltd Sterimedix Ltd Measuring, Medical, Photo Equipment; Clocks 13.5
12/05/14 Mackinac Financial Corp Peninsula Financial Corp Commercial Banks, Bank Holding Companies 13.3
12/01/14 HEXPOL AB Portage Precision Polymers Inc Rubber and Miscellaneous Plastic Products 13.2
12/22/14 Cerberus Capital Management LP SAREB-Bad Debt Portfolio Credit Institutions 11.4
12/03/14 NewNet Commun Tech LLC Volt Delta Resources LLC Business Services 10.0
12/10/14 Sentio Healthcare Properties Spring Village of Wildewood Real Estate; Mortgage Bankers and Brokers 9.7
12/12/14 Miller Energy Resources Inc Savant Alaska LLC Oil and Gas; Petroleum Refining 9.0
12/17/14 Yext Inc Inner Balloons BV Business Services 8.0
12/11/14 First American Bank Corp Bank of Coral Gables,Coral Commercial Banks, Bank Holding Companies 7.5
12/29/14 Luminous Glory Ventures Ltd Hwa Woei(Cayman)Laminate Corp Metal and Metal Products 7.4
12/19/14 CareTrust REIT Inc Prelude Homes,Svcs-Woodbury Social Services 7.2
12/02/14 Pioneer Power Solutions Inc Titan Energy Worldwide Inc Electric, Gas, and Water Distribution 6.8
12/19/14 Mount Kellet Capital Mgt LP In-Rel Properties-Grand Twin Real Estate; Mortgage Bankers and Brokers 6.8
12/23/14 Jubilant Life Sciences Hldgs Cadista Holdings Inc Investment & Commodity Firms,Dealers,Exchanges 6.2
12/16/14 Clearstar Inc SingleSource Services Corp Business Services 4.0
12/05/14 Cypress Energy Partners LP SBG Energy Svcs LLC-facility Sanitary Services 2.6
12/09/14 Cello Group PLC Worlwide Promedica Inc Business Services 2.5
12/12/14 FONU2 Inc Studioplex City LLC Business Services 2.5
12/19/14 Mincon Group PLC Mincon Rockdrills USA Inc Metal and Metal Products 2.4
12/22/14 Broadtree Homes Inc Dominion Ppty-Single-Family Real Estate; Mortgage Bankers and Brokers 2.0
12/16/14 International Gold Corp Lode Star-Nevada Goldfield Mining 2.0
12/17/14 iMD Cos Inc Freedom Seed & Feed LLC Agriculture, Forestry, and Fishing 2.0
12/23/14 CIAO Group Inc Money Access International Inc Business Services 1.9
12/19/14 DiCentral Corp Logitek Tech-Electn Data Business Services 1.9
12/10/14 Cloudstream Belmont Lake LP Lexaria Corp-Belmont Lake Oil Oil and Gas; Petroleum Refining 1.4
12/01/14 Professional Diversity Network Global Outreach Ventures Inc Business Services 1.0
12/22/14 Social Reality Inc Five Delta Inc Advertising Services 0.8
12/17/14 Hydra-Power Systems Inc A Image Rlty LLC-Facility Transportation and Shipping (except air) 0.7
12/01/14 Cardiff International Inc Pitbull Containers Inc Metal and Metal Products 0.5
12/16/14 US Geothermal Inc Earth Power Resources Inc Electric, Gas, and Water Distribution 0.3
12/10/14 CIAO Group Inc Image Access Inc Telecommunications 0.3
12/22/14 Hillcrest Resources Ltd Gulfsands Petroleum USA Inc Oil and Gas; Petroleum Refining 0.1
         

Source: Thomson Reuters

       
         
         

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