Bryan Matthews

Kirkland Lake buys Detour.     Kirkland Lake Gold buys Detour Gold for C$4.9 billion.     Detour Lake is a large-scale, long-life Canadian mine located within the northernmost Abitibi Greenstone Belt. The operation is situated in the area of the famous Detour Lake mine operated by Placer Dome which produced 1.8 million ounces of gold from 1983 to 1999. This deal adds a key component to Kirkland Lake’s portfolio anchored by the Macassa mine in northern Ontario and the Fosterville mine in Australia.     Tony Makuch of Kirkland Lake said: ‘ The acquisition of Detour Gold is an excellent fit for Kirkland Lake. We have already taken two mining operations, Macassa and Fosterville, and transformed them into high-quality assets that generate industry-leading earnings and free cash flow. The addition of Detour Lake provides an opportunity to add a third cornerstone asset that is located in our back yard in Northern Ontario. Detour Lake will provide the pro forma company with

Lippert buys CURT.     Lippert Components, a wholly-owned subsidiary of LCI Industries, buys CURT Group for $340 million.     CURT Group is an engineering, manufacturing, marketing, and distribution company of towing products and truck accessories for every type of vehicle. It maintains a robust portfolio across a variety of product lines, including hitches, towing electricals , ball mounts, and cargo management. They own and operate a family of leading brands named CURT, Aries, Luverne , Retrac , and UWS. Serving customers through e-commerce, direct-to-installer channels, and a broad distribution network, with centers all over the United States.     This deal develops LCI’s expansion efforts, doubling the size of its aftermarket business and adding a complementary portfolio of towing and truck products. It also adds a large and loyal installed customer base. CURT brings a robust multi-channel distribution network, innovative product technologies, and advanced engineeri

HMS buys Accent.     HMS Holdings buys Accent from Intrado for $155 million.     Intrado is controlled by affiliates of funds managed by Apollo Global Management.     Accent provides healthcare payment integrity to insurance companies and large self-funded organizations.  Its offerings include thorough prospective and retrospective claims accuracy, which incorporate both cost avoidance and overpayment recovery services.  Its capabilities and client base are complementary to HMS, providing market expansion and growth opportunities.  Accent’s healthcare payer clients include large commercial health plans, Blue Cross and Blue Shield plans, provider-sponsored health plans, Medicare Advantage plans, third-party administrators, and self-insured employer groups.     Bill Lucia of HMS said: ‘HMS and Accent are an outstanding strategic fit, and this combination offers many benefits for our clients and stakeholders.  Our collective strengths will provide expanded payment accuracy capabil

Sonoco buys TEQ.     Sonoco buys Thermoform Engineered Quality from ESCO Technologies for $187 million.     TEQ is a global manufacturer of thermoformed packaging in the healthcare, medical device, and consumer markets.  It operates three thermoforming and extrusion facilities in the United States, a thermoforming operation in the United Kingdom, and a thermoforming and molded-fiber facility in Poland.  Each location has the latest cleanroom capabilities for the creation of sterile barrier packaging systems for pharmaceuticals and medical devices.  TEQ also makes recyclable, molded-pulp-fiber packaging and thermoformed plastic packaging for European consumer products.     Rob Tiede of Sonoco said: ‘Recent studies value the global healthcare packaging market at $33 billion, with healthy growth expected for the future.  Increased life expectancy, the steady introduction of new products from medical device manufacturers and pharmaceutical companies, combined with requirements for im

United buys Carolina Financial.     United Bankshares buys Carolina Financial for $1.1 billion.     Carolina Financial is the holding company of CresCom Bank, the second-largest bank in the Carolinas with $3.98 billion in assets and 61 locations.  Carolina Financial will merge into United, and CresCom will merge into United Bank, with United and United Bank being the ongoing entities.  The combined company will be the leading community bank in the Southeast and Mid-Atlantic, with $25 billion in assets and 200 locations.     Richard Adams of United said: ‘We are excited about our partnership with Carolina Financial Corporation and the opportunities it affords both organizations.  Our companies share complementary cultures, a commitment to our customers, and a focus on serving our communities.  This transaction represents a significant step towards continuing to grow United’s presence in the Carolinas.’     Jerry Rexroad of Carolina Financial said: ‘We are partnering with a ban

acpi buys Masco.     acpi buys Masco Cabinetry for $1.0 billion.     Masco Cabinetry’s 70-year history in kitchens and bathrooms makes it a trusted source for builders, dealers, home centers, and remodelers.  Its brands include KraftMaid, Merillat, Quality Cabinets, and Cardell.  Offering competitive cabinetry in key customer channels, this deal further expands the products and abilities of acpi as a whole.  It creates the most complete and robust domestic cabinetry portfolio in the industry.  acpi brands include Echelon, Advanta, Serenade, Smart, Cabinets2000, and Master Woodcraft.     Larry Denbrock of acpi said: ‘We continue to be laser-focused in our commitment to growth in this dynamic cabinetry industry. We understand the market needs and are proud to offer high-quality domestic cabinetry to our customers in all channels and at all customization levels and price points.  Masco Cabinetry is the logical choice to help us further execute acpi’s brand promise of high-quality ca

A pollo buys Tech Data.     Apollo Global Management buys Tech Data for $5.4 billion.     Tech Data buys a range of servers, computers, printers, phones, cameras, tablets, copiers, scanners, software, cloud services, and beyond, from manufacturers such as Apple, Cisco Systems, and HP. It sells these products and other information technology infrastructure to corporate resellers, direct marketers, and retailers.  They also deliver service and support to clients in 100 countries via their network of 11 logistics centers, 6 of them in the United States.     Matt Nord of Apollo said: ‘Through this investment, we are committed to expanding Tech Data’s position as a trusted partner to the world's leading technology vendors while providing best-in-class customer service.  As a private company with our sponsorship and a strong balance sheet, Tech Data will have significant financial and strategic flexibility to drive growth going forward.’     Robert Kalsow-Ramos of Apollo said: ‘W

Saint-Gobain buys Continental.     Cie de Saint-Gobain buys Continental Building Products for $1.4 billion.     Continental manufactures a top-tier platform of gypsum wallboard and complementary finishing products in US and Canadian plants.  These are marketed under the Bison brand and logo.  The deal is part of Saint-Gobain’s portfolio optimization strategy.  Continental will be merged into a newly formed subsidiary, to make and distribute materials for homes, commercial buildings, and infrastructure projects.     Pierre-André de Chalendar and Benoit Bazin of Saint-Gobain said: ‘The acquisition of Continental Building Products is a unique opportunity allowing Saint-Gobain to move to the forefront of plasterboard and construction solutions in North America.  With the strong industrial platform and expert teams that Continental Building Products brings, Saint-Gobain will be able to speed up the deployment of its innovative product offering to better serve customers.  We are impres

Sirva buys Cartus Relocation.     Sirva buys Cartus Relocation from Realogy for $400 million.     The addition of Cartus Relocation develops Sirva’s service and support capabilities, consistent with the firm's strategy to be wherever a client needs them. Cartus brings to Sirva a talented and experienced employee group and a robust supply chain to enhance Sirva's outstanding transfer experience. Cartus clients will enjoy access to Sirva's integrated household goods capacity, and a joint supply chain, where increased scale will drive down costs.     Tom Oberdorf of Sirva said: ‘This acquisition will offer clients broader choice, tremendous program flexibility, and a heightened pace of innovation. Sirva 's clients will benefit from access to Cartus's well-established Broker Network, while Sirva's integrated household goods capacity will benefit Cartus customers. We believe the investments both companies have made in leading-edge technology s

Taylor Morrison buys William Lyon.     Taylor Morrison buys William Lyon Homes for $2.4 billion.     The deal expands its footprint into Washington, Oregon, and Nevada and deepens market share in Colorado, Arizona, Texas, and California. It creates the nation's fifth-largest homebuilder with a top 5 position in 16 of the combined 23 markets. William Lyon will give Taylor Morrison a greater geographic scale and a larger footprint in the entry-level market. Taylor Morrison stockholders will own 77 percent of the joint company. William Lyon Homes stockholders will own the remaining 23 percent.      Sheryl Palmer of Taylor Morrison said: ‘The agreement to acquire William Lyon Homes marks a historic day for Taylor Morrison as we continue to grow our business in smart and meaningful ways. The combined business provides the unique opportunity to gain increased local scale and expertise within six of our major markets, while expanding Taylor Morrison into Washington, Oregon,

Kaman buys Bal Seal.     Kaman buys Bal Seal Engineering for $330 million.     Bal Seal is a leader in the design, development, and manufacturing of precision springs, seals, and contacts. With a platform of 240 patents across its proprietary manufacturing and material technologies, Bal Seal specializes in delivering critical components to customers in the medical technology, aerospace and defense, and industrial end markets. They are an established global presence, with manufacturing, sales, and distribution operations across the US, Europe, and Asia.     Neal Keating of Kaman said: ‘Following the recent sale of our distribution business, Kaman ’s strategic focus has centered on growing our highly engineered products business, enhancing margins, and driving free cash flow generation. This complementary acquisition of Bal Seal will advance all three objectives by expanding the breadth of our product offering, increasing our exposure to attractive high growth markets, and

First Reserve buys Lamons .     First Reserve buys Lamons from TriMas for $135 million.     Lamons is a foremost supplier of industrial sealing and fastener solutions used in mission-critical, high-consequence applications in the petrochemical, petroleum refining, midstream energy transportation, upstream oil and gas, metropolitan water, and wastewater management end markets. It's one of the largest gasket, bolt, and hose assembly producers in the world.     Gary Reaves and Neil Wizel of First Reserve said: ‘First Reserve’s investment in Lamons is a compelling opportunity to draw on our experience in both executing corporate carve-out transactions and in acquiring energy-related industrial equipment and services companies. We believe Lamons is well-positioned to benefit from favorable long-term macro and secular trends, particularly an increasing industry focus on environmental, social, and governance principles and preventative maintenance spending. We are e

Kennedy Wilson buys Hamilton Landing.     Kennedy Wilson buys Hamilton Landing in Marin County for $115 million.     Hamilton Landing was created in 1932 as an Air Force base, decommissioned in 1974, then converted into creative office space in phases between 2000 and 2008.  It's now a wholly-owned campus with seven buildings across 20 acres.  The site overlooks protected wetlands and includes outdoor paths, bike racks, locker rooms, and a cafe.     William McMorrow of Kennedy Wilson said: ‘The acquisition of Hamilton Landing feeds into our ongoing focus on improving the quality of the portfolio, and trading into assets with strong cash flow and high growth potential.  We are pleased with the value we added to our recently sold multifamily assets over our ownership period and encouraged by the opportunities that this supply-constrained commercial market presents, including the relative affordability of rents, compared to San Francisco.’

Google buys Fitbit .     Google buys Fitbit for $2.1 billion.     Fitbit opened up the wearables category, with original and affordable devices and services. An immersive feel from your wrist to your app, created to help you appreciate and change your behavior to improve health. With 100 million devices supporting an evolved global community, using data to deliver bespoke guidance and coaching. Fitbit will stay platform-agnostic across both Android and iOS.     Rick Osterloh of Google said: ‘ Fitbit has been a true pioneer in the industry and has created terrific products, experiences, and a vibrant community of users. We're looking forward to working with the incredible talent at Fitbit and bringing together the best hardware, software, and AI, to build products to benefit even more people around the world. Google aspires to create tools that help people enhance their knowledge, success, health, and happiness. This goal is aligned with Fitbit’s long-time focus on