24 Worcester Business Journal | Book of Lists 2018 | wbjournal.com
F O C U S B A N K I N G & F I N A N C E
Notable mergers & acquisitions
Ranked by sale price
Buyer (unit purchasing) Sale price
Date
announced Date closed Seller (unit sold, if applicable)
1
Crown Castle International Corp.
1220 Augusta Drive, Houston, Texas
713-570-3000 • www.crowncastle.com
$7.1 billion 7/19/2017 11/1/2017
Lightower Fiber Networks
80 Central St., Boxborough 01719
978-264-6000 • www.crowncastle.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 9/12/2017
Staples Inc.
500 Staples Drive, Framingham 01702
508-253-5000 • www.staples.com
3
Fidelity Bank *
675 Main St., Fitchburg 01420
978-345-4331 • www.fidelitybankonline.com
$870 million
merger
9/19/2017 4/1/2018
Colonial Co-operative Bank
6 City Hall Ave., Gardner 01440
978-632-0171 • www.colonial4banking.com
4
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$540 million ** 1/24/2018 1/24/2018
Millipede Inc.
1745 Copperhill Parkway, Santa Rose, Calif. 95403
707-524-7500 • millipedemedical.com
5
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$406 million ** 3/21/2018 4/1/2018
NxThera
7351 Kirkwood Lane, Maple Grove, Minn. 55369
763-515-0404 • www.nxthera.com
6
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$300 million ** 10/2/2017 10/13/2017
Apama Medical Inc.
745 Camden Ave., Campbell, Calif. 95008
408-903-4094 • www.apamamedical.com
7
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$276 million ** 4/16/2018 4/16/2018
nVision Medical
1192 Cherry Ave., San Bruno, Calif. 94066
408-655-3577 • nvisionmedical.com
8
Berkshire Hills Bancorp Inc.
24 North St., Pittsfield 01202
800-773-5601 • www.berkshirebank.com
$230 million 5/22/2017 10/16/2017
Commerce Bancshares Corp.
Commerce Bank & Trust Co.
386 Main St., Worcester 01608
508-797-6842 • www.berkshirebank.com
9
BorgWarner
3800 Automation Ave., Auburn Hills, Mich. 48326
248-754-9600 • www.borgwarner.com
$200 million 7/17/2017 9/28/2017
Sevcon Inc.
155 Northboro Road, Southborough 01772
508-281-5500 • www.techopssevcon.com
10
Virtusa Corp.
2000 W. Park Drive, Westborough 01581
508-389-7300 • www.virtusa.com
$140 million 3/12/2018 3/12/2018
eTouch Systems
6627 Dumbarton Circle, Fremont, Calif. 94555
510-795-4800 • www.etouch.net
11
AAC Holdings Inc.
200 Powell Place, Brentwood, Tenn. 37027
615-732-1366 • americanaddictioncenters.org
$85 million 9/13/2017 3/1/2018
AdCare Inc.
107 Lincoln St., Worcester 01605
508-799-9000 • www.adcare.com
12
DTT Surveillance
4045 Spencer St., Las Vegas, Nev. 89119
800-933-8388 • www.dttusa.com
$80 million 1/9/2018 1/9/2018
LP Innovations Inc.
37 Birch St., Suite 2, Milford 01757
877-574-6682 • lpinnovations.com
13
Harvard Bioscience Inc.
84 October Hill Road, Holliston 01746
508-893-8999 • www.harvardbioscience.com
$70 million 1/22/2018 1/31/2018
Data Sciences International
19 14th St. N.W., New Brighton, Minn. 55112
651-481-7400 • www.datasci.com
14
Boston Scientific Corp.
300 Boston Scientific Way, Marlborough 01752
508-683-5670 • www.bostonscientific.com
$50 million ** 4/3/2018 4/3/2018
Securus Medical Group Inc.
15 Shoreby Drive, Cleveland, Ohio 44108
216-338-6412 • www.bostonscientific.com
15
IPG Photonics Corp.
50 Old Webster Road, Oxford 01540
508-373-1100 • www.ipgphotonics.com
$40 million 7/19/2017 12/4/2017
Laser Depth Dynamics
176 Railway St., Kingston, Ont., Canada K7K 2L9
613-887-2331 • laserdepth.com
16
OptumHealth
11000 Optum Circle, Eden Prairie, Minn. 55344
800-386-3404 • www.optum.com
$28 million 4/20/2017 4/4/2018
Reliant Medical Group
630 Plantation St., Worcester 01605
508-852-0600 • www.reliantmedicalgroup.org
Source: SEC filings, press releases and news reports
Note: Deals associated with Central Mass. companies completed between June 2017 and May 2018 were considered for this list. N/A = Not available.
* Merged with Colonial Co-operative Bank on April 1, 2018; a system conversion of Colonial Co-operative Bank will occur summer 2018.
** Full payment is dependent on regulatory and commercial milestones.
- Compiled by: Stephanie R. Meagher, smeagher@nebusinessmedia.com
LDD's Kingston, Ontario
location and the 16
employees there will
become IPG's new center
of product development for
weld monitoring solutions.
In February, the company
announced the departure
of longtime Staples
employee and CEO Shira
Goodman, naming
Alexander Douglas to
replace her.
In its 2017 financial report,
Fidelity Bank said it had
$819 million in assets,
and another $70 million
will be added once this
deal is complete this
summer.
Berkshire took over 16
Commerce branches,
becoming the largest
regional bank
headquartered in the
state. Pictured is
Berkshire executive Paul
Kelly.
Simultaneous to the
acquisition, Harvard
Bioscience sold its North
Carolina subsidiary
Denville Scientific for $20
million. That divestiture
was made to allow the
company to focus on its
instrumentation.
