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
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.
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 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
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
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
Centuri Construction Group Inc agreed to acquire an 80% interest in Linetec Services LLC, an Alexandria-based electrical contractor, for an estimated $299 mil.
Forrester Research Inc
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
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 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.
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
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 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
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.
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.
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 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, a unit of Bison Entertainment Investment Ltd, agreed to acquire Comic Blitz LLC, a Los Angeles-based internet portal operator.
Elev8 Brands Inc
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 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 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.
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
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
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.