| US M&A Deals Announced May 22 to 28, 2020 |
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| Target |
Acquirer |
Value ($millions) |
Synopsis |
| Solara Medical Supplies LLC |
Adapthealth Corp |
425.0 |
AdaptHealth Corp (AdaptHealth) definitively agreed to acquire Solara Medical Supplies LLC, an Imperial Beach-based medical equipment and supplies merchant wholesaler, for a total $425 million. The consideration was to consist of $362.5 million in cash and $62.5 million in common shares. Concurrently, AdaptHealth definitively agreed to acquire ActivStyle Inc. |
| Webtoon Ent Inc |
LINE Corp |
188.5 |
LINE Corp of Japan, a unit of Naver Corp, agreed to acquire a 68.953% interest in Webtoon Entertainment Inc, a Los Angeles-based internet portal operator, from Naver Webtoon Corp, ultimately owned by Naver Corp, for a total $188.535 million. The consideration offered consisted of 70.083 million newly issued ordinary shares for $2.69 per share. |
| EQT Corp-Certain Upstream |
Diversified Gas & Oil PLC |
145.0 |
Diversified Gas & Oil PLC acquired certain upstream & related infrasturcture assets of EQT Corp, a Pittsburgh-based producer of crude petroleum and natural gas, for a total $145 million. The consideration consisted of $145 million and up to a further 20 million in profit related payments. |
| ActivStyle Inc |
Adapthealth Corp |
62.0 |
AdaptHealth Corp (AdaptHealth) definitively agreed to acquire ActivStyle Inc, a Minneapolis-based medical equipment and supplies merchant wholesaler, from The Riverside Co, for $62 million in cash. Concurrently, AdaptHealth definitively agreed to acquire Solara Medical Supplies LLC. |
| High Standard Health Care Ltd |
Global Care Capital Inc |
17.9 |
Global Care Capital Inc of Canada signed a letter of intent(LOI) to acquire 70% interest in High Standard Health Care Ltd, a Schenectady-based manufacturer of surgical appliance and supplies, for a total $17.915 mil, in a stock swap transaction. The consideration was to consist of $3.584 million in cash, the issuance of 27 million common shares valued at $13.643 mil, and issuance of 3 million warrant convertible into 3 million common shares valued at $0.688 mil. |
| Capstone Capital Inc |
Allworth Financial |
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Allworth Financial, a unit of Parthenon Capital Partners LLC, acquired Capstone Capital Inc, a Mason-based investment advisor. Terms of the transaction were not disclosed. |
| Zoox Inc |
Amazon.com Inc |
|
Amazon.com Inc was rumored to be planning to acquire Zoox Inc, a Foster City-based provider of research and development services. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $3.2 bil. |
| Unitedlex Corp-Managed |
Ankura Consulting Group LLC |
|
Ankura Consulting Group LLC acquired Managed Detection & Response Business of UnitedLex Corp, an Overland Park-based provider of business support services, ultimately owned by CVC Advisers Ltd. |
| Retail Pro Associates Inc |
CBD Unlimited Inc |
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CBD Unlimited Inc acquired Retail Pro Associates Inc, a Louisville-based drugs merchant wholesaler. |
| ThousandEyes Inc |
Cisco Systems Inc |
|
Cisco Systems Inc planned to acquire ThousandEyes Inc, a San Francisco-based software publisher. The terms of the transaction were not disclosed, but according to sources close to the transaction, the value was estimated at $1 bil. |
| Veecor Co |
Coastal Group |
|
Coastal Group acquired Veecor Co, a Bogalusa-based provider of packaging and labeling services. |
| Tagomi Trading LLC |
Coinbase Inc |
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Coinbase Inc planned to acquire Tagomi Trading LLC, a Jersey City-based provider of financial investment services. The terms of the deal are undisclosed. |
| Gorge Networks |
Eastern Oregon Telecom LLC |
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Eastern Oregon Telecom LLC merged with Gorge Networks, a Hood River-based internet service provider. |
| Fleet Logistics Inc-Digital |
Expeditors International of WA |
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Expeditors International of Washington Inc acquired the digital platform assets of Fleet Logistics Inc, a Portland-based provider of freight transportation arrangement services. Terms were not disclosed. |
| Ophthy DS Inc |
Experimentica Ltd |
|
Experimentica Ltd of Finland acquired Ophthy DS Inc, a Kalamazoo-based provider of research and development services. |
| Freestone Autoplex |
Foundation Automotive Corp |
|
Foundation Automotive Corp acquired Freestone Autoplex, a Fairfield-based new car dealer. |
| Prime Pork LLC |
Hylife Ltd |
|
Hylife Ltd of Canada, jointly owned by ITOCHU Corp and Charoen Pokphand Foods PCL, acquired a 75% interest in Prime Pork LLC, a Windom-based pig farming establishment, from Taylor Corp. |
| Henningsen Cold Storage Co |
Lineage Logistics Holdings LLC |
|
Lineage Logistics Holdings LLC, a unit of Bay Grove Capital LLC, definitively agreed to acquire Henningsen Cold Storage Co, a Hillsboro-based provider of refrigerated warehousing and storage services. |
| EK Riley Investments-Assets |
LPL Financial LLC |
|
LPL Financial LLC, a unit of LPL Investment Holdings Inc, agreed to acquire assets of EK Riley Investments LLC, a Seattle-based investment advisor. |
| Unified Funding LLC |
Mota Ventures Corp |
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Mota Ventures Corp of Canada signed a Letter of Intent {LoI} to acquire Unified Funding LLC, an American Fork-based e- commerce service provider. |
| Weantinoge Heritage Land Tr |
Naromi Land Trust Inc |
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Naromi Land Trust Inc planned to merge with Weantinoge Heritage Land Trust Inc (Weantinoge), a Kent-based environment conservation organization. Upon completion, Weantinoge was to be renamed Northwest Connecticut Land Conservancy. |
| MD Logistics Inc |
Nippon Express USA Inc |
|
Nippon Express USA Inc, a unit of Nippon Express Co Ltd, agreed to acquire the entire share capital of MD Logistics Inc, a Plainfield-based third-party logistics provider serving manufacturers in the life science, pharmaceutical, retail, and consumer goods industries. The transaction includes MD Express Inc. |
| Carter Motor Co |
Orchid Monroe Llc |
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Orchid Monroe LLC definitively agreed to acquire Carter Motor Co, a Warren-based manufacturer of motors and generators. |
| W Live Oak St Ppty(2) |
Rastegar Property Co |
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Rastegar Property Co acquired West Live Oak Street Properties(2), an Austin-based housing constructor. |
| Stratos Genomics Inc |
Roche Holdings AG |
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Roche Holdings AG of Switzerland acquired Stratos Genomics Inc, a Seattle-based provider of biotechnology research and development services. |
| Apirise Inc |
RudderStack |
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RudderStack acquired Apirise Inc, a Dover-based provider of data processing and hosting services. |
| GE Lighting Inc |
Savant Systems LLC |
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Savant Systems LLC definitively agreed to acquire GE Lighting Inc, an East Cleveland-based manufacturer of residential electric lighting fixtures, from General Electric Co. Terms of the deal were not disclosed. |
| Gen Elec Co-Lighting Bus |
Savant Systems LLC |
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Savant Systems LLC agreed to acquire lighting business of General Electric Co, a Boston-based manufacturer of power, distribution and specialty transformers. Terms were not disclosed. Originally, in April 2017, General Electric Co, a Fairfield-based manufacturer of power, distribution and specialty transformers, was rumored to be seeking a buyer for its lighting business. |
| Carriereq Inc |
Via Varejo SA |
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Via Varejo SA of Brazil acquired CarrierEq Inc, a Boston-based provider of financial investment services. The terms of the deal were not disclosed. |
| Plantation at Pleasant Ridge |
West Shore LLC |
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West Shore LLC (WSL) acquired Plantation at Pleasant Ridge, a Greensboro-based lessor of residential buildings and dwellings. Concurrently, WSL acquired Town Center at Lake Carolina. |
| Town Center at Lake Carolina |
West Shore LLC |
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West Shore LLC (WSL) acquired Town Center at Lake Carolina, a Columbia-based lessor of residential buildings and dwellings. Concurrently, WSL acquired Plantation at Pleasant Ridge. |
