Columbia West Capital News - Southwest Deal Intelligence
07.16.13 Arizona Deal Intelligence - June 2013


This report is prepared as a courtesy to the Arizona business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.     

M&A - Strategic  

6/03/2013 Larry H. Miller Corporation acquired Auto Dealerships in Phoenix from Doug Moreland. The terms of the transaction were not disclosed. Auto Dealerships in Phoenix comprise four Chrysler and two Fiat stores, which are located in Phoenix and Tucson, Arizona.        

6/04/2013 Crexendo, Inc. (AMEX:EXE) acquired the assets of PBX Central Corporation. The terms of the transaction were not disclosed. Crexendo operates as a hosted services company, providing cloud-based products and services for businesses and entreprenuers and is based in Tempe, Arizona.        

6/06/2013 Benchmark Electronics Inc. (NYSE:BHE) acquired Suntron Corp. The terms of the transaction were not disclosed. Suntron provides integrated electronic manufacturing services and commercial off-the-shelf technology design solutions and is based in Phoenix, Arizona.        

6/10/2013 Avnet, Inc. (NYSE:AVT) agreed to acquire substantially all of the assets of Seamless Technologies Inc. The terms of the transaction were not disclosed. Avnet distributes electronic components, enterprise computer and storage products, and embedded subsystems internationally and is based in Phoenix, Arizona.        

6/14/2013 Cavco Industries, Inc. (NasdaqGS:CVCO) entered into a stock purchase agreement to acquire the remaining 49.98% stake in Fleetwood Homes, Inc. from Third Avenue Management, LLC for $91.4 million. Cavco Industries engages in the design, production, wholesale and retail sale of manufactured homes and is based in Phoenix, Arizona. Fleetwood Homes engages in manufactured housing operations and is based in Phoenix, Arizona.        

6/14/2013 Evergreen Tank Solutions, Inc. acquired Water Movers LLC for $28.2 million. Water Movers engages in the rental and distribution of temporary portable water pumping systems for large commercial and government clients in the Southwest and is based in Phoenix, Arizona. Latham & Watkins LLP served as legal advisor to Evergreen Tank Solutions.        

6/26/2013 Page.ly acquired BlogDroid. The terms of the transaction were not disclosed. Page.ly provides Pagely, a managed WordPress hosting service-as-a-website platform, and is based in Chandler, Arizona.        

6/26/2013 BANK'34 entered into an agreement to acquire Bank 1440 (OTCPK:BFFO) for $7.6 million. Bank 1440 offers personal and commercial banking services and is based in Phoenix, Arizona. Fenimore, Kay, Harrison & Ford, LLP served as legal advisor to Bank 1440.        

6/28/2013 Paradigm Tax Group, LLC acquired Sage Tax Group. The terms of the transaction were not disclosed. Paradigm Tax Group provides outsourced property tax management services to commercial property owners and is based in Phoenix, Arizona.     

M&A - Financial

6/06/2013 Global Water Resources, Inc. sold a majority interest in its Smart Grid for Water Platform, FATHOM™, to XPV Capital and other investors for $20.8 million. Global Water Resources owns and operates regulated water, wastewater and recycled water utilities and is based in Phoenix, Arizona. Snell & Wilmer L.L.P. served as legal advisor to Global Water Resources.    

Private Placements    

6/07/2013 Sottera, Inc. has raised $73.9 million from 11 investors. Sottera, Inc., DBA NJOY, manufactures and distributes smokeless electronic cigarettes and is based in Scottsdale, Arizona.        

6/14/2013 Contatta, Inc. has raised $5.2 million from 26 investors. Contatta develops contact management and CRM software and is based in Scottsdale, Arizona.   

6/19/2013 AV Homes, Inc (NasdaqGS:AVHI) raised $135.0 million in equity financing from TPG Capital, L.P. AV Homes engages in the homebuilding, community development and land sale business and is based in Scottsdale, Arizona.     

For submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.