Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Mergers & acquisitions

December 31, 2012: 9:39 AM ET

Clean Harbors Inc. (NYSE: CLH) has completed its previously-announced acquisition of Safety-Kleen Inc., a Plano, Texas-based provider of oil collection, re-refining and recycling in North America, for $1.25 billion in cash. Sellers included Highland Capital Management (39.3% stake), Contrarian Capital Management (18.3%), JPMorgan Partners (14.7%) and GSC Group (9.2%). In related news, Safety-Kleen has withdrawn registration for a $400 million IPO. www.safety-kleen.com

Evercore Wealth Management has completed its previously-announced acquisition of Mt. Eden Investment Advisors, a San Francisco-based wealth management firm. No financial terms were disclosed. www.evercore.com

GE Aviation Systems has agreed to sell the assets of its Duarte, Calif.-based hydraulic thrust reverser actuation systems business to Woodward Inc. (NYSE: WWD). The deal is valued at $200 million in cash. www.wodward.com

News Corp. (Nasdaq: NWSA) has acquired SportsTime Ohio, a Cleveland-based regional sports network whose programming includes Cleveland Indians baseball games. No financial terms were disclosed, although Reuters reports the price-tag was approximately $200 million. www.sportstimeohio.com

Water Street Healthcare Partners has sold Precision Dynamics Corp., a Valencia, Calif.-based maker of patient wristbands and other identification products for the healthcare market, to Brady Corp. (NYSE: BRC). The deal was valued at $300 million in cash. www.bradycorp.com

Synchronoss Technologies Inc. (Nasdaq: SNCR) has acquired NewBay, a provider of cloud services for mobile operators and service providers, from Research In Motion (TSX: RIM). The deal was valued at US$55.5 million in cash. RIM bought NewBay for around $100 million in October 2011.www.synchronoss.com

Marlin Equity Partners has sold Liquent Inc., a Horsham, Penn.–based provider of regulatory information management software for the life sciences and pharma markets, to Parexel International Corp. (Nasdaq: PRXL). The deal was valued at approximately $72 million. www.liquent.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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