San Francisco — Build Group Inc., one of the largest and fastest growing general contracting firms in the San Francisco Bay Area, has purchased the assets of San Jose Construction Co., Inc., and assumed responsibility for completing certain current and all future San Jose Construction projects. Build Group, Inc. has also integrated all of SJC’s employees into its organization.
acquisition
Springfield, Mo. & Sidney, Neb. — Bass Pro Shops and Cabela’s Incorporated, two iconic American outdoor companies with similar humble origins, have entered into a definitive agreement under which Bass Pro Shops will acquire Cabela’s for approximately $5.5 billion.
Sunbury, Pa. — Weis Markets, Inc., a Mid-Atlantic food retailer, has reached a definitive agreement with Food Lion, LLC, to purchase the assets of 38 Food Lion supermarket locations operating in the states of Maryland, Virginia and Delaware. The company plans to complete the purchase of these locations pending regulatory approval.
Mooresville, N.C. and Boucherville, Quebec — Lowe’s Companies, Inc. and RONA inc. have entered into a definitive agreement under which Lowe’s is expected to acquire RONA for C$3.2 billion (U.S. $2.3 billion). Together, Lowe’s Canada and RONA stores will create Canada’s leading home improvement retailer.
Los Angeles — EcoSense, a fast-growing LED technology company, has acquired the assets of Journée Lighting. Journée Lighting is a privately owned, California-based lighting company that specializes in the design and development of specification grade lighting and focuses its efforts in the office, retail and hospitality segments.
Houston — Mattress Firm Holding Corp., the nation’s largest specialty mattress retailer, has entered into an agreement to acquire all of the outstanding equity interests in HMK Mattress Holdings LLC, the holding company of Sleepy’s, for $780 million. Sleepy’s is the nation’s second largest specialty mattress retailer, with more than 1,050 stores in 17 states in the Northeast, New England the Mid-Atlantic and Illinois.
Rockville, Md. — Petco will be acquired for $4.6 billion by CVC Capital Partners (Luxembourg) and Canada Pension Plan Investment Board. The deal should close in early 2016. With its headquarters in San Diego, Petco had been taken private in 2006 in a $1.8 billion buyout by California-based private equity firms.
Nashville, Tenn. and Philadelphia — The Pep Boys – Manny, Moe & Jack and Bridgestone Retail Operations, LLC (BSRO), a wholly owned subsidiary of Bridgestone Americas, Inc., have entered into a definitive merger agreement under which BSRO will acquire Pep Boys in an all-cash transaction for approximately $835 million in aggregate equity value.