The weekly wrap: Ametek, Baird, Kraft Heinz

Target Acquirer Value ($millions) Synopsis Oasis Outsourcing Inc Paychex Inc 1,200.0 Paychex Inc definitively agreed to acquire the entire share capital of Oasis Outsourcing Inc, a West Palm Beach-based provider of human resources and executive search consulting services, from Stone Point Capital LLC for an estimated $1.2 billion in cash. National Commerce Corp CenterState Bank Corp 834.8 CenterState Bank Corp definitively agreed to acquire the entire share capital of National Commerce Corp, a Birmingham-based commercial bank, for $834.825 million via a stock swap transaction. CenterState offered 1.65 common shares per National share. Based on CenterState’s closing stock price of $24.25 on 23 November 23 2018, the last full trading day prior to the announcement, each National Commerce share was valued at $40.013. Emera Inc-Gas Fired Generation Facilities,New England(3) The Carlyle Group LP 590.0 The Carlyle Group LP agreed to acquire 3 gas fired generation facilities in New England from Emera Inc, a Halifax-based electric power distributor, for $590 million via a leveraged buyout transaction. SSI Controls Technologies Amphenol Corp 400.0 Amphenol Corp definitively agreed to acquire SSI Controls Technologies, a Janesville-based manufacturer of electronic components, from SSI Technologies Inc for an estimated $400 million. Us Oil & Refining Co Par Pacific Holdings Inc 360.2 Par Pacific Holdings Inc definitively agreed to acquire the entire share capital of US Oil & Refining Co, a Tacoma-based petroleum refinery operator, for $360.215 million from Astra Holding USA Inc, owned by Compagnie Nationale a Portefeuille SA. The consideration will consist of $321 million cash and issuance of 2.364 million common shares valued at $39.215. The shares were valued at closing stock price of $16. 59 on 26 November 2018, the last full trading day prior to the announcement. BSB Bancorp Inc,Belmont,MA People’s United Financial Inc 326.3 People’s United Financial Inc (PBCT) agreed to acquire the entire share capital of BSB Bancorp Inc (BLMT), a Belmont-based provider of commercial banking services, for an estimated $326.254 million via a stock swap transaction. PBCT offered 2 PBCT common shares for every BLMT common share held. The shares were valued based on PBCT’s closing stock price of $16.21 on 26 November 2018, the last full trading day prior to the announcement. Linetec Services LLC Centuri Construction Group Inc 299.0 Centuri Construction Group Inc agreed to acquire an 80% interest in Linetec Services LLC, an Alexandria-based electrical contractor, for an estimated $299 mil. SiriusDecisions Inc Forrester Research Inc 245.0 Forrester Research Inc definitively agreed to acquire the entire share capital of SiriusDecisions Inc, a Wilton-based provider of marketing research and opinion polling services, for an estimated $245 million in cash. Primal Nutrition LLC Kraft Heinz Co 200.0 Kraft Heinz Co definitively agreed to acquire Primal Nutrition LLC, an Oxnard-based manufacturer of perishable prepared foods, for an estimated $200 mil. Spectro Scientific Inc Ametek Inc 190.0 Ametek Inc acquired Spectro Scientific Inc, a Chelmsford-based manufacturer of measuring, displaying and controlling variables instruments and related products, from SFW Capital Partners LLC for an estimated $190 mil. Periscope Inc Quad/Graphics Inc 132.5 Quad/Graphics Inc planned to acquire Periscope Inc, a Minneapolis-based advertising agency, from Twitter Inc for $132.5 mil. Gaming Partners International Corp Angel Holdings Godo Kaisha 110.5 Angel Holdings Godo Kaisha of Japan agreed to acquire the remaining stake it does not already own in Gaming Partners International Corp, a Las Vegas-based manufacturer of toys, for $13.75 in cash per share or a total of $110.549 million in cash. Glen-Gery Corp(Ibstock Johnsen PLC/CRH PLC) Brickworks Ltd 110.0 Brickworks Ltd of Australia agreed to acquire Glen-Gery Corp, a Reading-based manufacturer of bricks and structural clay tiles, for $110 million from Ibstock Brick Ltd, owned by Bain Capital Private Equity (Europe) LLP. First Beeville Financial Corp Spirit of Texas Bancshares Inc 63.7 Spirit of Texas Bancshares Inc definitively agreed to acquire First Beeville Financial Corp, a Beech Grove-based bank holding company, for $63.685 million. The consideration will consist of $32.4 million in cash and 1. 579 million common shares valued at $31.285 million. The shares were valued based on Spirit’s closing stock price of $19.81 on 26 November 2018, the last full trading day prior to the announcement. Appmark Inc-Application Monitoring & Benchmarking Platform Assets Fogchain Corp 0.1 Fogchain Corp of Canada agreed to acquire application monitoring & benchmarking platform assets of Appmark Inc, a Santa Clara-based software publisher, for $0.146 million. The consideration will consist of $0.04 million cash and issuance of 1 million common shares valued at $0.106 million. The shares were valued at closing stock price of $0.106 on 26 November 2018, the last full trading day prior to the announcement. Blue Tire Holdings LLC-Real Estate Assets Acreage Holdings Inc Acreage Holdings Inc agreed to acquire real estate assets of Blue Tire Holdings LLC, an intermediator. Taylor Consulting & Contracting LLC Albireo Energy LLC Albireo Energy LLC, a unit of Huron Capital Partners LLC, acquired Taylor Consulting & Contracting LLC, an Avoca-based provider of technical consulting services. FleetPride Inc American Securities LLC American Securities LLC is rumored to be planning to acquire FleetPride Inc, an Irving-based wholesaler of heavy-duty truck and trailer replacement parts, from TPG Capital LP via a leveraged buyout transaction. X4 Pharmaceuticals Inc Arsanis Inc Arsanis Inc definitively agreed to merge with X4 Pharmaceuticals Inc, a Cambridge-based manufacturer of pharmaceutical preparation, via a reverse takeover transaction. Upon completion of the deal, Arsanis and X4 will respectively own 30.3% and 69.7% of the merged entity, which will be renamed as X4 Pharmaceuticals. Comic Blitz LLC Cinedigm Corp Cinedigm Corp, a unit of Bison Entertainment Investment Ltd, agreed to acquire Comic Blitz LLC, a Los Angeles-based internet portal operator. Elev8 Brands Inc Creditors Elev8 Brands Inc, a Viera-based apparel cutting and sewing contractor, a unit Hartman Group, plans a debt restructuring transaction with creditors. Creditors will receive common shares in exchange for outstanding debt. Upon completion of the deal, creditors will hold an undisclosed interest in the restructured Elev8. The book value of the existing debt to be exchanged under the deal amounts to $0.020 mil. Capital Product Partners LP-Crude & Product Tanker Business DSS Holdings LP DSS Holdings LP definitively agreed to merge with the crude & product tanker business of Capital Product Partners LP (CPLP), a Piraeus-based provider of deep sea freight transportation services, via a reverse takeover transaction. Upon completion of the reverse merger, DSS and CPLP will respectively own 67% and 33% of the merged entity, which will be renamed as Diamond S Shipping Inc. Apex Microtechnology Inc HEICO Corp HEICO Corp acquired a 93% interest in Apex Microtechnology Inc, a Tucson- based manufacturer of integrated circuits. BlueData Software Inc Hewlett Packard Enterprise Co Hewlett Packard Enterprise Co definitively agreed to acquire BlueData Software Inc, a Santa Clara-based software publisher. Resource Alliance LLC Higginbotham Insurance Group Inc Higginbotham Insurance Group Inc, a unit of HGGC LLC, definitively agreed to acquire Resource Alliance LLC, an Alpharetta-based provider of human resources and executive search consulting services. Scott Riddle Agency Integrity Marketing Group LLC Integrity Marketing Group LLC, a unit of HGGC LLC, definitively agreed to acquire Scott Riddle Agency, a Waco-based direct life insurance carrier. Bethesda Radiology Associates Mednax Inc Mednax Inc acquired Bethesda Radiology Associates, a Boynton Beach-based owner and operator of a radiology practice. FM Systems LLC Nelnet Business Solutions Nelnet Business Solutions, a unit of Nelnet Inc, acquired the remaining stake it did not already own in FM Systems LLC, a Warwick-based provider of business support services, from First Marblehead Corp, now Cognition Financial Corp. Pollock Packaging Orora Ltd Orora Ltd of Australia acquired Pollock Packaging, a Grand Prairie-based manufacturer of paper packing products, from Pollock Investments Inc. Temkin International Inc PPC Flexible Packaging LLC PPC Flexible Packaging LLC acquired Temkin International Inc, a Payson-based manufacturer of packaging products. Boyce & Bynum Pathology Laboratories-Clinical laboratory services business Quest Diagnostics Inc Quest Diagnostics Inc definitively agreed to acquire the clinical laboratory services business of Boyce & Bynum Pathology Laboratories, a Columbia-based medical laboratory operator. Hilliard Lyons Inc Robert W Baird & Co Inc Robert W Baird & Co Inc definitively agreed to merge with Hilliard Lyons Inc, a Louisville-based investment bank, from Houchens Industries Inc. Otis Elevator Co Shareholders United Technologies Corp (UTC) plans to spin off Otis Elevator Co, a Palm Beach Gardens-based manufacturer of elevators, escalators and moving walkways, to its shareholders. Concurrently, UTC plans to spin off UTC Climate, Controls & Security. UTC Climate Controls & Security Shareholders United Technologies Corp (UTC) plans to spin off UTC Climate Controls & Security, a Jupiter-based manufacturer of air-conditioning equipment, to its shareholders. Upon completion of the deal, UTC Climate will be renamed as Carrier. Concurrently, UTC plans to spin off Otis Elevator Co. Majestic Holdco LLC Spectacle Entertainment LLC Spectacle Entertainment LLC plans to merge with Majestic Holdco LLC, a Las Vegas-based owner and operator of casino resorts. BridgePoint Group LLC-Retirement Services Business Tata Consultancy Services Ltd Tata Consultancy Services Ltd of India, a unit of Tata Sons Ltd, acquired retirement services business of BridgePoint Group LLC, a Mumbai-based internet service provider. AquaMed Technologies Inc TO Pharmaceuticals LLC TO Pharmaceuticals LLC plans to merge with AquaMed Technologies Inc, a Langhorne-based manufacturer of hydrogel products, from Alliqua BioMedical Inc. Upon completion of the deal, the combined entity will be named as TO Pharma. Response Ortho LLC Wishbone Medical Inc Wishbone Medical Inc acquired Response Ortho LLC, an Edgewater-based provider of ambulatory health care services. US M&A Deals Announced November 23 to 29, 2018 Source: Thomson Reuters