wbjournal.com | Book of Lists 2019 | Worcester Business Journal 23
B A N K I N G & F I N A N C E F O C U S
Notable mergers & acquisitions
Ranked by sale price
Buyer (unit purchasing) Sale price
Date
announced Date closed Seller (unit sold, if applicable)
1
Danaher Corp.
2200 Pennsylvania Ave., N.W., Washington, D.C. 20037
202-828-0850 • danaher.com
$21 billion 2/28/2019 Pending
GE Healthcare Life Sciences
350 Campus Drive, Marlborough 01752
508-475-2000 • gelifesciences.com
2
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$4 billion 11/20/2018 Pending
BTG International LTD
5 Fleet Place, London, United Kingdom EC4M 7RD
btgplc.com
3
Cisco Systems Inc. (a)
170 W. Tasman Drive, San Jose, Calif. 95134
800-553-6387 • www.cisco.com
$2.6 billion 7/9/19 Pending
Acacia Communications Inc.
3 Mill and Main Place, Suite 400, Maynard 01754
978-938-4896 • acacia-inc.com
4
bankHometown
31 Sutton Ave., Oxford 01540
508-987-1200 • hometowncoop.com
$1-billion
merger
2/27/2019 Pending
Millbury Savings Bank
109 Elm St., Millbury 01527
508-865-5811 • millburysavings.com
5
China Reinsurance Group Corp.
China Re Building, No. 11 Jinrong St., Xicheng District,
Beijing, China 100033
eng.chinare.com.cn
$930 million 9/13/2018 12/31/2018
The Hanover Insurance Group Inc.
Chaucer (b)
440 Lincoln St., Worcester 01653
508-855-1000 • hanover.com
6
MPX Bioceutical Corp. (c)
5255 Yonge Stret, Suite 701, Toronto, Canada ON M2N
6P4
416-840-3725 • mpxinternationalcorp.com
$835-million
merger
10/18/2018 10/18/2018
Mayflower Medicinals
iAnthus Capital Holdings
Holliston 01746
508-356-6600 • mayflowermedicinals.com
7
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$600 million 9/7/2018 10/16/2018
Augmenix
201 Burlington Road, Bedford 01730
617-932-7324 • spaceoar.com
8
Staples Inc. (d)
500 Staples Drive, Framingham 01702
508-253-5000 • www.staples.com
$487 million 9/14/2018 1/31/2019
Essendant
One Parkway North Blvd., Deerfield, Ill. 60015
847-627-7000 • essandant.com
9
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$465 million 5/9/2019 Pending
Vertiflex
2714 Loker Ave. West, Suite 100, Carlsbad, Calif. 92010
866-268-6486 • vertiflex.com
10
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$270 million 7/20/2018 8/2/2018
Claret Medical
1745 Copperhill Parkway, Santa Rosa, Calif. 95403
707-528-7253 • claretmedical.com
11
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$202 million 7/5/2018 7/9/2018
Cryterion Medical
1949 Palomar Oaks Way, Carlsbad, Calif. 92011
760-206-7910
12
Hologic Inc.
250 Campus Drive, Marlborough 01752
508-263-2900 • www.hologic.com
$125 million 9/27/2018 10/2/2018
Focal Therapeutics
1010 Stewart Drive, Sunnyvale, Calif. 94085
855-764-7258 • focalrx.com
13
IPG Photonics Corp.
50 Old Webster Road, Oxford 01540
508-373-1100 • www.ipgphotonics.com
$115 million 11/5/2018 11/19/2018
Genesis Systems Group
8900 N. Harrison St., Davenport, Iowa 52806
563-447-9644 • genesis-systems.com
14
Alternatives Unlimited Inc. (e)
50 Douglas Road, Whitinsville 01588
508-234-6232 • www.alternativesnet.org
$82-million
merger
7/1/2018 7/1/2018
The Bridge of Central Massachusetts Inc.
4 Mann St., Worcester 01602
508-755-0333 • thebridgecm.org
15
Rockland Trust Co.
58 Main St., Franklin 02038
800-222-2299 • www.rocklandtrust.com
$54.2-million
merger
5/29/2018 11/19/2018
Milford National Bank & Trust Co.
300 E. Main St., Milford 01757
508-634-4100 • www.milfordnationalonline.com
16
Ascentria Care Alliance
14 E. Worcester St., Suite 300, Worcester 01604
774-243-3900 • www.ascentria.org
$23 million (f) 1/23/2019 1/23/2019
Presentation Rehabilitation and Skilled Care
Center
10 Bellamy St., Brighton 02135
617-782-8113 • presentationrehab.com
17
IPG Photonics Corp.
50 Old Webster Road, Oxford 01540
508-373-1100 • www.ipgphotonics.com
$20 million 1/24/2019 3/31/2019
Padtec
Campinas, Brazil 13086-902
padtec.com
18
SeaChange International Inc.
50 Nagog Park, Acton 01720
978-897-0100 • www.schange.com
$5.5 million 2/6/2019 2/6/2019
Xstream
Borupvang 3 Ballerup, Copenhagen, Denmark 2750
xstream.net
19
Ameresco Inc. (g)
111 Speen St., Suite 401, Framingham 01701
866-263-7372 • www.ameresco.com
Undisclosed 9/6/2018 4/30/2019
Chelsea Group LTD
733 Bishop St., Makai Tower, Honolulu, Hawaii 96813
808-888-7148
20
Ameresco Inc. (g)
111 Speen St., Suite 401, Framingham 01701
866-263-7372 • www.ameresco.com
Undisclosed 11/20/2018 4/30/2019
TerraNavigator
888 Prospect St., La Jolla, Calif. 92037
858-263-2889 • terranavigator.com
21
PrismHR
35 Parkwood Drive, Suite 200, Hopkinton 01748
508-747-7261 • prismhr.com
Undisclosed 4/2/2019 4/2/2019
AgileHR
13303 W. Maple, Suite 139, Wichita, Kan. 67215
800-515-7616 • agilehr.com
22
Aubuchon Hardware
Lynde Hardware & Supply Inc.
14 E. Worcester St., Suite 300, Worcester 01604
774-243-3900 • www.ascentria.org
$23 million (f) 1/23/2019 1/23/2019
10 Bellamy St., Brighton 02135
617-782-8113 • presentationrehab.com
17
IPG Photonics Corp.
50 Old Webster Road, Oxford 01540
508-373-1100 • www.ipgphotonics.com
$20 million 1/24/2019 3/31/2019
Padtec
Campinas, Brazil 13086-902
padtec.com
18
SeaChange International Inc.
50 Nagog Park, Acton 01720
978-897-0100 • www.schange.com
$5.5 million 2/6/2019 2/6/2019
Xstream
Borupvang 3 Ballerup, Copenhagen, Denmark 2750
xstream.net
19
Ameresco Inc. (g)
111 Speen St., Suite 401, Framingham 01701
866-263-7372 • www.ameresco.com
Undisclosed 9/6/2018 4/30/2019
Chelsea Group LTD
733 Bishop St., Makai Tower, Honolulu, Hawaii 96813
808-888-7148
20
Ameresco Inc. (g)
111 Speen St., Suite 401, Framingham 01701
866-263-7372 • www.ameresco.com
Undisclosed 11/20/2018 4/30/2019
TerraNavigator
888 Prospect St., La Jolla, Calif. 92037
858-263-2889 • terranavigator.com
21
PrismHR
35 Parkwood Drive, Suite 200, Hopkinton 01748
508-747-7261 • prismhr.com
Undisclosed 4/2/2019 4/2/2019
AgileHR
13303 W. Maple, Suite 139, Wichita, Kan. 67215
800-515-7616 • agilehr.com
22
Aubuchon Hardware
34 Pearson Blvd., Gardner 01440
978-630-4500
Undisclosed 2/26/2019 3/25/2019
Lynde Hardware & Supply Inc.
482 Main St., Gardner 01440
23
Bruker Corp.
40 Manning Road, Billerica 01821
978-663-3660 • bruker.com
Undisclosed 3/14/2019 3/14/2019
Arxspan
5A Crystal Pond Road, Southborough 01772
617-297-7023 • arxspan.com
24
The Hilb Group
6802 Paragon Place, Suite 200, Richmond, Va. 23230
804-414-6501 • hilbgroup.com
Undisclosed 3/12/2109 3/12/2019
Marsh-Kemp Insurance Agency Inc.
28 Park Ave., Worcester 01605
508-798-8663 • www.marshkemp.com
25
Staples Inc. (d)
500 Staples Drive, Framingham 01702
508-253-5000 • www.staples.com
Undisclosed 2/11/2019 2/21/2019
DEX Imaging
5109 West Lemon St., Tampa, Fla. 33609
813-288-8080 • deximaging.com
26
Ameresco Inc. (g)
111 Speen St., Suite 401, Framingham 01701
866-263-7372 • www.ameresco.com
Undisclosed 1/16/2019 1/22/2019
Maximum Solar
Ledge Rock Way, Acton 01720
978-429-8216 • maximumsolar.com
27
Surterra Wellness
1175 Peachtree St., Atlanta, Ga. 30361
850-391-5455 • surterra.com
Undisclosed 1/14/2019 1/14/2019
New England Treatment Access
5 Forge Parkway, Franklin 02038
netacare.org
28
D'Ambrosio Eye Care Inc. (h)
479 Old Union Turnpike, Lancaster 01523
978-537-3900 • www.dambrosio-eye-care-boston.com
Undisclosed
merger
9/26/2018 9/26/2018
Eye Surgeons of Worcester
255 Park Ave., Suite 606, Worcester 01609
508-753-1032 • www.eyesurgeonsworcester.com
29
Staples Inc. (d)
500 Staples Drive, Framingham 01702
508-253-5000 • www.staples.com
Undisclosed 6/26/2018 6/26/2018
HiTouch Business Services
320 Tech Park Drive, Suite 100, La Vergne, Tenn. 37086
866-448-6824 • hitouchbusinessservices.com
Source: SEC filings, press releases and news reports Note: N/A = Not available.
(a) Deal added to the list after publication of the print edition, on July 8, 2019.
(b) U.K.-based, Lloyd's focused specialty business unit
(c) Merged entity is MPX International Corp. (CSE: MPIX); said to be the first public-to-public merger in the North American cannabis industry.
(d) Affiliate of New York-based Sycamore Partners
(e) Merged entity rebranded as Open Sky Community Services.
(f) MassDevelopment issued a $22.8 million tax-exempt bond to Ascentria subsidiary Emanuel Development Corp. to help in the acquisition.
(g) Data from 2018 survey
(h) Locations in Acton, Athol, Gardner, Lancaster and Leominster
- Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com
