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24 Worcester Business Journal | Book of Lists 2017 | wbjournal.com F O C U S B A N K I N G & F I N A N C E Mergers & acquisitions Ranked by sale price, then date closed Buyer (unit purchasing) Sale price Date announced Date closed Seller (unit sold, if applicable) 1 Dell Technologies Inc. One Dell Way, Round Rock, Texas 78682 512-728-4737 • www.dell.com $67 billion 10/12/2015 9/7/2016 EMC Corp. 1 176 South St., Hopkinton 01748 508-435-1000 • www.emc.com 2 Sycamore Partners 9 West 57th St., 31st Floor, New York, N.Y. 10019 212-796-8500 • sycamorepartners.com $6.9 billion 6/28/2017 Pending approval Staples Inc. 500 Staples Drive, Framingham 01702 508-253-5000 • www.staples.com 3 Sunovion Pharmaceuticals Inc. 84 Waterford Drive, Marlborough 01752 508-481-6700 • www.sunovion.com $635 million 8/31/2016 10/21/2016 Cynapsus Therapeutics Inc. Toronto, Canada 4 Boston Scientific Corp. 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • www.bostonscientific.com $435 million 3/30/2017 5/16/2017 Symetis SA Ecublens, Switzerland 5 Apax Partners 33 Jermyn St., London, United Kingdom SW1Y 6DN 44-20-7872-6300 • www.apax.com $397 million 4/3/2017 4/3/2017 Candela Corp., a subsidiary of Syneron 530 Boston Post Road, Wayland 01778 508-358-7400 • www.syneron-candela.com 6 Boston Scientific Corp. 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • www.bostonscientific.com $210 million 9/27/2016 11/22/2016 EndoChoice Holdings Inc. 11405 Old Roswell Road, Alpharetta, Ga. 30009 888-682-3636 7 Berkshire Hills Bancorp Inc. 24 North St., Pittsfield 01202 800-773-5601 • www.berkshirebank.com $209 million 5/22/2017 Pending approval Commerce Bancshares Corp. 386 Main. St., Worcester 01608 508-797-6842 • www.bankatcommerce.com 8 Unum 1 Mercantile St., Worcester 01608 508-799-4441 • www.unum.com $127 million 4/4/2016 8/1/2016 H&J Capital LLC 2 8485 Goodwood Blvd., Baton Rouge, La. 70806 225-926-2888 9 Genesee & Wyoming Inc. 20 West Ave., Darien, Conn. 06820 203-202-8900 • www.gwrr.com $126 million 8/15/2016 10/27/2016 Providence and Worcester Railroad Co. 75 Hammond St., Worcester 01610 508-755-4000 • www.pwrr.com 10 Boston Scientific Corp. 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • www.bostonscientific.com $75 million 12/2/2016 12/13/2016 Neovasc Vancouver, Canada 11 IPG Photonics Corp. 50 Old Webster Road, Oxford 01540 508-373-1100 • www.ipgphotonics.com $40 million 6/19/2017 Pending approval 3 Innovative Laser Technologies 5110 Main St. NE, Minneapolis, Minn. 763-574-7374 • www.iltinc.com 12 Oxford Immunotec Global PLC 700 Nickerson Road, Suite 200, Marlborough 01752 877-208-7768 • www.oxfordimmunotec.com $22 million 6/23/2016 7/1/2016 Imugen 315 Norwood Park South, Norwood 02062 781-255-0770 • www.imugen.com 13 Oxford Immunotec Global PLC 700 Nickerson Road, Suite 200, Marlborough 01752 877-208-7768 • www.oxfordimmunotec.com $6 million 4 10/14/2016 10/14/2016 Immunetics Inc. 27 Drydock Ave., Boston 02210 14 RXi Pharmaceuticals Corp. 257 Simarano Drive, Marlborough 01752 508-767-3861 • www.rxipharma.com $2.7 million 10/12/2016 1/9/2017 MirImmune Inc. One Kendall Square, Cambridge 02139 15 Complete Technology Resources Inc. 2 Mount Royal Ave., Suite 350, Marlborough 01752 508-909-5961 • www.completetechnologyresources.com $110,000 6/1/2016 6/1/2016 Hugg Tech Computers 13743 East Morgan Drive, Gilbert, Ariz. 85296 480-695-9985 • www.huggtech.com 16 SpencerBANK 5 230 Park Ave., Worcester 01609 508-421-8070 • www.spencerbankonline.com Merger undisclosed 4/18/2017 6/12/2017 Southbridge Savings Bank 5 253-257 Main St., Southbridge 01550 508-765-9103 • www.southbridgesavingsbank.com 17 Greenwood Industries Inc. 640 Lincoln St., Worcester 01613 508-865-4040 • greenwoodindustries.com Undisclosed 6/1/2017 6/1/2017 Apollo Roofing & Sheet Metal Inc. 316 Lockwood St., Providence, R.I. 02907 401-274-6630 18 IPG Photonics Corp. 50 Old Webster Road, Oxford 01540 508-373-1100 • www.ipgphotonics.com Undisclosed 5/23/2017 5/23/2017 OptiGrate Corp. 562 South Econ Circle, Oviedo, Fla. 32765 407-542-7704 • www.optigrate.com 19 Simonds International 135 Intervale Road, Fitchburg, Mass. 01420 978-343-3731 • www.simondsint.com Merger undisclosed 5/18/2017 5/18/2017 B.G.R. Saws Lévis, Quebec, Canada www.sciesbgr.com 20 OptumHealth 11000 Optum Circle, Eden Prairie, Minn. 55344 800-386-3404 • www.optum.com Undisclosed 4/20/2017 Pending approval Reliant Medical Group 630 Plantation St., Worcester 01605 508-852-0600 • www.reliantmedicalgroup.org 21 Kohlberg & Co. LLC, for PPC Industries Inc. Alpharetta, Ga. Undisclosed 2/27/2017 5/9/2017 Pexco 6 764 South Athol Road, Athol 01331 978-249-5343 • www.pexco.com 22 Amedisys Inc. 3854 American Way, Baton Rouge, La. 70816 225-292-2031 • www.amedisys.com Undisclosed 3/1/2017 5/1/2017 Tenet Healthcare, home health and hospice operations 7 Marlborough 01752 25 111 Higgins St., Worcester, Mass. 01606 508-853-2200 • www.curtisindustries.net Undisclosed 2/27/2017 2/27/2017 120 Gilboa St., Douglas 01516 508-476-7210 • www.artillian.com 26 Amedisys Inc. 3854 American Way, Baton Rouge, La. 70816 225-292-2031 • www.amedisys.com Undisclosed 1/4/2017 2/2/2017 Home Staff LLC 9 40 Millbrook St., Worcester 01606 508-755-4600 27 Eastern Insurance Group LLC 233 W. Central St., Natick 01760 508-651-7700 • easterninsurance.com Undisclosed 2/1/2017 2/1/2017 Chase and Lunt Insurance Agency 65 Park St., Newburyport 01950 978-462-4434 28 Starkweather & Shepley Insurance Brokerage Inc. 60 Catamore Blvd., East Providence, R.I. 02914 800-446-5838 • www.starshep.com Undisclosed 1/31/2017 1/31/2017 McGrath Insurance Group Inc. 258 Main St., Sturbridge 01566 508-347-6850 • www.mcgrathinsurance.com 29 Kaplansky Insurance 10 Kearney Road, Needham 02494 781-453-2552 • www.kaplansky.com Undisclosed 12/19/2016 12/19/2016 R.P. Ahearn Insurance 134 Franklin St., Framingham 01702 508-416-6408 30 Cognex Corp. 1 Vision Drive, Natick 01760 508-650-3000 • www.cognex.com Undisclosed 1/10/2017 12/9/2016 Webscan Longmont, Colo. 31 Cognex Corp. 1 Vision Drive, Natick 01760 508-650-3000 • www.cognex.com Undisclosed 1/10/2017 11/30/2016 Chiaro Technologies Boulder, Colo. 32 Steward Health Care Network 427 Main St., 3rd Floor, Worcester 01608 508-438-1100 • www.cmipa.com Undisclosed 11/10/2016 11/16/2016 Central Massachusetts Independent Physician Association (CMIPA) Worcester 33 Convergint Technologies 1 Commerce Drive, Schaumburg, Ill. 60173 847-229-0222 • www.convergint.com Undisclosed 10/11/2016 10/11/2016 Go Security Solutions 21 Brigham St., Westborough 01518 508-898-2077 34 Nitto Denko Avecia Biotechnology Inc. 10 125 Fortune Blvd., Milford 01757 508-532-2500 • www.avecia.com Undisclosed 10/11/2016 10/11/2016 Irvine Pharmaceutical Services & Avrio Biopharmaceuticals Irvine, Calif. 35 Argential, a subsidiary of MicroChem Corp. 200 Flanders Road, Westborough 01581 617-965-5511 • www.microchem.com Undisclosed 9/1/2016 9/1/2016 Conductive Compounds 11 17 Hampshire Drive, Hudson, N.H. 03051 603-595-6221 • www.appliedinksolutions.com 36 Eastern Insurance Group LLC 233 W. Central St., Natick 01760 508-651-7700 • easterninsurance.com Undisclosed 8/1/2016 8/1/2016 John E. Patterson Insurance Agency Inc. 190 Washington St., Westwood 02090 781-329-1020 37 Greenwood Industries Inc. 640 Lincoln St., Worcester 01613 508-865-4040 • greenwoodindustries.com Undisclosed 8/1/2016 8/1/2016 Allied Restoration Corp. 162 Governor St., East Hartford, Conn. 06108 860-291-8833 38 Cape Medical Supply 28 Jan Sebastian Drive, Sandwich 02563 508-888-3113 • capemedical.com Undisclosed 7/29/2016 7/29/2016 New England Medical Homecare 7 Saint Mark St., Auburn 01501 800-339-3322 39 Boston Scientific Corp. 300 Boston Scientific Way, Marlborough 01752 508-683-5670 • www.bostonscientific.com Undisclosed 7/27/2016 7/27/2016 Cosman Medical Inc. 22 Terry Ave., Burlington 01803 781-272-6561 • www.cosmanmedical.com 40 Community Bank Marketing Solutions 57 Maple Ave., Barrington, R.I. 02806 401-273-5530 • www.teamcbms.com Undisclosed 7/14/2016 7/14/2016 Davis Advertising 12 1331 Grafton St., Worcester 01604 508-752-4615 • www.davisad.com 41 Phillips-Medisize Corp. 1201 Hanley Road, Hudson, Wis. 54016 877-508-0252 •www.phillipsmedisize.com Undisclosed 6/30/2016 7/8/2016 Injectronics Corp. 1 Union St., Clinton 01510 978-368-8701 •www.injectronics.com 42 MicroChem Corp. 200 Flanders Road, Westborough 01581 617-965-5511 •www.microchem.com Undisclosed 6/30/2016 6/30/2016 Paratronix Inc. 129 Bank St., Attleboro 02703 508-222-8979 Source: SEC filings, press releases and news reports Note: Deals associated with Central Mass. companies that were completed between June 2016 and June 2017 were considered for this list. First Niagara Bank NA had $21,924,000 in local deposits at a Webster branch as of June 30, 2016; in Oct. 2016, the bank was acquired by KeyBank, and the Webster site permanently closed. N/A = Not available. 1 Now doing business as Dell EMC 2 Parent of Starmount Life Insurance Co. and AlwaysCare Benefits 3 Expected to close in July 4 To total $12 million if certain revenue and pipeline related thresholds are met in the next three years 5 Now doing business as Cornerstone Bank 6 Pexco chief executive, Neil Shillingford, will continue as CEO of the merged entity, Spectrum Plastics Group based in Alpharetta, Ga. 7 Dallas, Texas-based, for-profit parent of Worcester's Saint Vincent Hospital and MetroWest Medical Center of Framingham and Natick 8 Now doing business as Main Street Bank 9 Sold by Fallon Health and VNA Care Network 10 An additional location in Marlborough 11 Now operating under the trade name Applied Ink Solutions 12 Continues to operate out of Worcester under the same name - Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com