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.

DateAcquirerTargetTarget IndustryValue ($mil)
12/19/14UBM PLCAdvanstar IncAmusement and Recreation Services972.0
12/16/14Churchill Downs IncBig Fish Games IncPrepackaged Software900.0
12/01/14CCMP Capital Advisors LLCRhodia Eco ServicesChemicals and Allied Products890.0
12/01/14ONEOK Partners LPChevron Corp-Natural GasElectric, Gas, and Water Distribution800.0
12/15/14Yahoo! IncBrightRoll IncBusiness Services640.0
12/01/14Pfizer IncBaxter Intl Inc-Coml VaccinesDrugs635.0
12/09/14Parkway Properties IncCorporate Ctr I,II & IIIReal Estate; Mortgage Bankers and Brokers475.0
12/12/14Murata ElectronicsPeregrine Semiconductor CorpElectronic and Electrical Equipment465.5
12/01/14Ares Management LPFarrow & Ball LtdChemicals and Allied Products432.7
12/23/14Koch Optics IncOplink Communications IncCommunications Equipment428.2
12/11/14Mobile Mini IncEvergreen Tank Solutions IncBusiness Services405.0
12/22/14Investor GroupPike CorpConstruction Firms384.9
12/08/14Potlatch Forest Holdings IncResource Mgmt-IndustrialAgriculture, Forestry, and Fishing384.0
12/12/14Abbott LaboratoriesGardenHillsDrugs379.2
12/18/14Merck & Co IncOncoEthix SADrugs375.0
12/17/14The Mosaic CoADM-Fertilizer BusinessChemicals and Allied Products350.0
12/17/14Southside Bancshares,Tyler,TXOmniAmerican Bancorp IncSavings and Loans, Mutual Savings Banks310.3
12/18/14Aviv REIT IncDiamond Senior Living-Ppty(28)Health Services305.0
12/16/14Constellation Brands IncAnheuser-Busch Inbev-GlassStone, Clay, Glass, and Concrete Products300.0
12/05/14Tecomet IncSymmetry Medical IncMeasuring, Medical, Photo Equipment; Clocks281.6
12/02/14Alico IncOrange-Co LP-Certain AssetsAgriculture, Forestry, and Fishing274.0
12/15/14PerkinElmer IncPerten Instruments ABMeasuring, Medical, Photo Equipment; Clocks266.0
12/01/14Watts Water Technologies IncAERCO International IncMetal and Metal Products264.5
12/02/14Progress Software CorpTelerik ADPrepackaged Software262.5
12/18/14Pebblebrook Hotel TrustNorthwood Investors LLC-RevereHotels and Casinos260.4
12/22/14Abbott LaboratoriesTopera IncMeasuring, Medical, Photo Equipment; Clocks250.0
12/01/14Salmon Real Estate LtdIllius Properties LtdInvestment & Commodity Firms,Dealers,Exchanges247.8
12/17/14Investor GroupPrimary Energy Recycling CorpElectric, Gas, and Water Distribution247.1
12/05/14Madison International RealtyHoundsditch EstateInvestment & Commodity Firms,Dealers,Exchanges244.7
12/17/14Susser Petroleum Partners LPAloha Petroleum LtdWholesale Trade-Nondurable Goods240.0
12/29/14CNL Healthcare Properties IncMedical Office Buildings(9)Real Estate; Mortgage Bankers and Brokers238.0
12/12/14BAE Systems PLCSilverSky IncPrepackaged Software232.5
12/16/14M/A-COM Technology HldgBinOptics CorpElectronic and Electrical Equipment230.0
12/10/14Investor GroupGila River Power LLC-GilaElectric, Gas, and Water Distribution219.0
12/04/14Tiptree Financial IncFortegra Financial CorpInsurance212.0
12/16/14Newell Rubbermaid IncBaby Jogger LLCMiscellaneous Manufacturing210.0
12/11/14MetLife IncFairmont Hotel,Washington,DCHotels and Casinos180.0
12/22/14Investor GroupGID-Residential Portfolio(2)Real Estate; Mortgage Bankers and Brokers178.5
12/08/14Independence Realty OperatingBrookside CRA-B1 OxmoorReal Estate; Mortgage Bankers and Brokers162.4
12/19/14Sichuan Xinglida Grp Entrp CoLos Angeles Airport MarriottHotels and Casinos160.0
12/22/14Polymer Additives IncFerro Corp-Polymer AdditivesChemicals and Allied Products154.0
12/23/14Port of Call Online IncPurebase IncMining153.0
12/10/14Veritas Capital Partners LPEMCORE Corp-Photovoltaics BusElectronic and Electrical Equipment150.0
12/11/14PBF Logistics LPPBF Energy Inc-Toledo StorageReal Estate; Mortgage Bankers and Brokers150.0
12/04/14Veeco Instruments IncSolid State Equipment LLCMachinery150.0
12/04/14DiamondRock Hospitality CoThe Win Beach Resort & Spa, FLHotels and Casinos149.0
12/04/14Acadia Realty TrustMagnificent MileReal Estate; Mortgage Bankers and Brokers144.3
12/09/14Strategic Hotels & Resorts IncFour Seasons ResortHotels and Casinos140.0
12/05/14Aurobindo Pharma USA IncNatrol IncDrugs132.5
12/12/14Smith & Wesson Holding CorpBattenfeld Technologies IncMiscellaneous Manufacturing130.5
12/04/14Tres Palacios Holdings LLCTres Palacios Gas Storage LLCTransportation and Shipping (except air)130.0
12/18/14The Howard Hughes CorpGen Growth Ppty Inc-ColumbiaReal Estate; Mortgage Bankers and Brokers130.0
12/05/14HIG Capital LLCGrocery Store PortfolioRetail Trade-Food Stores122.9
12/16/14Pantzer Properties IncThe Crest at Fort Lee,FortReal Estate; Mortgage Bankers and Brokers120.0
12/15/14Vonage Holdings CorpTelesphere Networks LtdTelecommunications114.6
12/16/14Cubic CorpDTECH LABS IncCommunications Equipment114.5
12/30/14Dunn Paper IncClearwater Paper Corp-BusinessPaper and Allied Products113.5
12/22/14Lone Star Real Estate Fund IIIMoorfield Grp - Real EstateReal Estate; Mortgage Bankers and Brokers109.1
12/02/14Ferro CorpVetriceramici SpAChemicals and Allied Products106.5
12/01/141st Enterprise Bk,Los Angeles,California United Bk,Encino,CACommercial Banks, Bank Holding Companies103.4
12/24/14Atlantic Tele-Network IncGreen Lake Capital LLCElectric, Gas, and Water Distribution103.0
12/17/14Turnbridge Capital LLCCimarron Energy IncMachinery100.0
12/01/14Rentrak CorpKantar Media-TV MeasurementBusiness Services98.0
12/04/14Millennial Media IncNexage IncAdvertising Services88.0
12/01/14Nexstar Broadcasting Group IncGrant Co IncRadio and Television Broadcasting Stations87.5
12/19/14Meredith CorpWALA-TV,Mobile,AlabamaRadio and Television Broadcasting Stations86.0
12/30/14Rosebud Mining CoAMFIRE Mining Co LLC-AssetsMining86.0
12/19/14Corporate Ppty Assoc 18-GlobalCity Center Office TowersReal Estate; Mortgage Bankers and Brokers84.4
12/02/14Sphere 3D IncOverland Storage IncComputer and Office Equipment81.9
12/03/14Recall Holdings LtdBusiness Records ManagementLLBusiness Services77.0
12/02/14CRH Medical CorpGastroenterology AnesthesiaHealth Services73.2
12/01/14Crawford & CoGAB Robins UK LtdInsurance72.1
12/28/14Pohlad Family CosPolaroid CorpMeasuring, Medical, Photo Equipment; Clocks70.0
12/01/14Berkeley Aluminum IncAlumax of South Carolina IncMetal and Metal Products67.5
12/01/14Century Aluminum CoMt Holly Alum Smelter,SCMetal and Metal Products67.5
12/22/14A Soriano CorpPhelps Dodge Intl CorpMetal and Metal Products67.0
12/19/14LaSalle Hotel PropertiesHeathman Hotel,Portland,OregonHotels and Casinos64.3
12/16/14Evolva Holding SAAllylix IncChemicals and Allied Products61.0
12/08/14First Midwest Bancorp IncGreat Lakes Finl Resources IncCommercial Banks, Bank Holding Companies60.0
12/08/14Sprague Operating ResourcesCastle Oil Corp-AssetsMiscellaneous Retail Trade56.0
12/01/14John Bean Technologies CorpWolf-tec IncMachinery54.0
12/10/14TriGate Capital LLCProject Dvlp Svcs Inc-NatlReal Estate; Mortgage Bankers and Brokers53.0
12/11/14Pebblebrook Hotel TrustUnion Stn Hotel,Nashville,TEHotels and Casinos52.3
12/05/14Accel-KKR LLCEktron IncPrepackaged Software52.0
12/04/14Ivy Equities Management IncQuorum Business CenterReal Estate; Mortgage Bankers and Brokers51.0
12/01/14BNC Bancorp,Thomasville,NCHarbor Bank Group IncCommercial Banks, Bank Holding Companies50.6
12/01/14PolyOne CorpAccella Performance Mat-assetsChemicals and Allied Products49.0
12/04/14Hays PLCVeredus CorpBusiness Services44.0
12/02/14Shenzhen O-film Tech Co LtdDigitalOptics Corp-Equip AstsElectronic and Electrical Equipment39.5
12/10/14CBRE Global InvestorsBPH FIZ-Ideal Idea ParkReal Estate; Mortgage Bankers and Brokers39.3
12/01/14Altus Group LtdSC&H Group-SALT PracticePersonal Services38.0
12/19/14TPA GroupCalifornia State Teachers-BldgReal Estate; Mortgage Bankers and Brokers38.0
12/23/14J Rettenmaier & Soehne GmbHSunOpta Inc-Fiber & Starch BusFood and Kindred Products37.5
12/25/14Ahana Operations LLCGreen-Solar Power Plant AstsElectric, Gas, and Water Distribution36.5
12/11/14John Wood Group PLCSwaggart Brothers IncConstruction Firms36.3
12/11/14Emdeon IncAdminisource Commun IncPrepackaged Software35.0
12/01/14Northstar Healthcare IncAthas Health LLCBusiness Services34.5
12/09/14The Carlyle Group LPNewgen Knowledge Works Pvt LtdBusiness Services32.8
12/19/14Kite Realty Group TrustRampart Commons,Las VegasReal Estate; Mortgage Bankers and Brokers32.3
12/23/14AlphaPoint Technology IncN'Compass Solutions IncPrepackaged Software32.0
12/08/14Verisk Analytics IncMaplecroft.NET LtdInvestment & Commodity Firms,Dealers,Exchanges31.7
12/17/14Trinity Quorum Center LLCQuorum Ctr AssocaitesReal Estate; Mortgage Bankers and Brokers31.0
12/12/14Fox Factory Holding CorpRace Face Performance Prod IncTransportation Equipment30.0
12/01/14Janus Capital Group IncVS Holdings IncInvestment & Commodity Firms,Dealers,Exchanges30.0
12/11/14Vitec Group PLCSmallHDMeasuring, Medical, Photo Equipment; Clocks30.0
12/02/14Northrim Capital Investment CoResidential Mortgage HoldingReal Estate; Mortgage Bankers and Brokers29.8
12/02/14Shred-It International IncIron Mtain Inc-Intl ShreddingBusiness Services29.8
12/17/14WP Carey IncLight-industrial&Distn Ctr,Real Estate; Mortgage Bankers and Brokers29.4
12/05/14Apollo Global IncSociedade Tecnica Educ SAEducational Services28.5
12/08/14Salisbury Bancorp IncRiverside BankCommercial Banks, Bank Holding Companies28.0
12/22/14Assisted Living Concepts LLCLTC Ppty Inc-Assisted LivingHealth Services26.5
12/17/14Center Management Group LLCRunnells Specialized HospitalHealth Services26.0
12/19/14Manitex International IncASV IncMachinery25.0
12/22/14AMN Healthcare Services IncAvantas LLCPrepackaged Software25.0
12/23/14Carter/Validus OperatingNew England Sinai Med CtrHealth Services23.4
12/08/14Menlo Equities LLCParallel Capital Partners-OffiReal Estate; Mortgage Bankers and Brokers22.0
12/15/14Zhen Fa New Energy(US)Co LtdSTR Holdings IncRubber and Miscellaneous Plastic Products21.7
12/04/14Park-Ohio Holdings CorpSAET SpAMachinery20.8
12/21/14Hertz Investment GroupSouth Pointe Business ParkReal Estate; Mortgage Bankers and Brokers20.5
12/02/14EnerNOC IncPulse Energy IncPrepackaged Software19.5
12/01/14Stratex Oil & Gas Holdings IncRichfield Oil & Gas CoOil and Gas; Petroleum Refining18.1
12/18/14IDT Australia LtdUS Generic Drug Products(23)Drugs18.0
12/22/14Points International LtdCrew Mktg Intl IncBusiness Services17.8
12/03/14Lodging Hospitality Mgmt CorpHilton Garden Inn,StHotels and Casinos17.0
12/08/14Rexford Industrial Realty IncIndustrial Ppty(2),Fontana,CAReal Estate; Mortgage Bankers and Brokers16.7
12/15/14Clean Earth IncAES Environmental LLCSanitary Services16.6
12/09/14Vertex Energy IncHeartland Group Holdings LLCTransportation and Shipping (except air)16.5
12/16/14NESCO IncCallos Management Co IncBusiness Services16.0
12/15/14Springwater Capital LLCSarenet SABusiness Services15.9
12/09/14MVP REIT IncMabley Place Garage LLCRepair Services15.0
12/08/14Inland Real Estate IncomeDixie Valley Shopping CenterReal Estate; Mortgage Bankers and Brokers13.6
12/03/14Lodging Hospitality Mgmt CorpHilton Gardens Inn,O Fallon,MOHotels and Casinos13.5
12/10/14Synergetics Surgical EU LtdSterimedix LtdMeasuring, Medical, Photo Equipment; Clocks13.5
12/05/14Mackinac Financial CorpPeninsula Financial CorpCommercial Banks, Bank Holding Companies13.3
12/01/14HEXPOL ABPortage Precision Polymers IncRubber and Miscellaneous Plastic Products13.2
12/22/14Cerberus Capital Management LPSAREB-Bad Debt PortfolioCredit Institutions11.4
12/03/14NewNet Commun Tech LLCVolt Delta Resources LLCBusiness Services10.0
12/10/14Sentio Healthcare PropertiesSpring Village of WildewoodReal Estate; Mortgage Bankers and Brokers9.7
12/12/14Miller Energy Resources IncSavant Alaska LLCOil and Gas; Petroleum Refining9.0
12/17/14Yext IncInner Balloons BVBusiness Services8.0
12/11/14First American Bank CorpBank of Coral Gables,CoralCommercial Banks, Bank Holding Companies7.5
12/29/14Luminous Glory Ventures LtdHwa Woei(Cayman)Laminate CorpMetal and Metal Products7.4
12/19/14CareTrust REIT IncPrelude Homes,Svcs-WoodburySocial Services7.2
12/02/14Pioneer Power Solutions IncTitan Energy Worldwide IncElectric, Gas, and Water Distribution6.8
12/19/14Mount Kellet Capital Mgt LPIn-Rel Properties-Grand TwinReal Estate; Mortgage Bankers and Brokers6.8
12/23/14Jubilant Life Sciences HldgsCadista Holdings IncInvestment & Commodity Firms,Dealers,Exchanges6.2
12/16/14Clearstar IncSingleSource Services CorpBusiness Services4.0
12/05/14Cypress Energy Partners LPSBG Energy Svcs LLC-facilitySanitary Services2.6
12/09/14Cello Group PLCWorlwide Promedica IncBusiness Services2.5
12/12/14FONU2 IncStudioplex City LLCBusiness Services2.5
12/19/14Mincon Group PLCMincon Rockdrills USA IncMetal and Metal Products2.4
12/22/14Broadtree Homes IncDominion Ppty-Single-FamilyReal Estate; Mortgage Bankers and Brokers2.0
12/16/14International Gold CorpLode Star-Nevada GoldfieldMining2.0
12/17/14iMD Cos IncFreedom Seed & Feed LLCAgriculture, Forestry, and Fishing2.0
12/23/14CIAO Group IncMoney Access International IncBusiness Services1.9
12/19/14DiCentral CorpLogitek Tech-Electn DataBusiness Services1.9
12/10/14Cloudstream Belmont Lake LPLexaria Corp-Belmont Lake OilOil and Gas; Petroleum Refining1.4
12/01/14Professional Diversity NetworkGlobal Outreach Ventures IncBusiness Services1.0
12/22/14Social Reality IncFive Delta IncAdvertising Services0.8
12/17/14Hydra-Power Systems IncA Image Rlty LLC-FacilityTransportation and Shipping (except air)0.7
12/01/14Cardiff International IncPitbull Containers IncMetal and Metal Products0.5
12/16/14US Geothermal IncEarth Power Resources IncElectric, Gas, and Water Distribution0.3
12/10/14CIAO Group IncImage Access IncTelecommunications0.3
12/22/14Hillcrest Resources LtdGulfsands Petroleum USA IncOil and Gas; Petroleum Refining0.1
     
Source: Thomson Reuters