Columbia West Capital News - Southwest Deal Intelligence
05.20.14 Utah Deal Intelligence - April 2014


This report is prepared as a courtesy to the Utah 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

4/3/2014 5N Plus Inc. (TSX:VNP) acquired Sylarus Technologies, LLC. The terms of the transaction were not disclosed. Sylarus, which is now known as 5N Plus Semiconductors LLC, manufactures and delivers single crystal germanium substrates for various applications in the semiconductor industry in the United States and is based in St. George, Utah.

4/9/2014 Wencor Group, LLC acquired XTRA Aerospace Inc. The terms of the transaction were not disclosed. Wencor, which is based in Springville, Utah, designs, develops, manufactures, and distributes aircraft parts for repair stations, operators of general aviation aircraft, and airlines worldwide.

4/9/2014 Pluralsight LLC acquired PL Studios, Inc. dba Digital-Tutors. The terms of the transaction were not disclosed. Pluralsight, a classroom training company, provides developer training services and is based in Layton, Utah.

4/10/2014 Wilmar Europe Trading B.V. agreed to acquire the European commodity surfactants business from Huntsman Corporation (NYSE:HUN). The terms of the transaction were not disclosed. Huntsman is an American multinational manufacturer and marketer of chemical products for consumers and industrial customers and is based in Salt Lake City, Utah.

4/14/2014 Huish Outdoors, LLC acquired Liquivision Products, Inc. The terms of the transaction were not disclosed. Huish operates in the outdoor sports sector and is based in Salt Lake City, Utah.

4/15/2014 Aaron's, Inc. (NYSE:AAN) acquired Progressive Finance Holdings, LLC for $700.0 million. Progressive Finance provides no-credit-needed lease purchase options for retail stores and merchants in the United States and is based in Draper, Utah. Kirkland & Ellis LLP served as legal advisor to Progressive Finance.

4/15/2014 LifeVantage Corporation (NasdaqCM:LFVN) acquired the Wicked Fast Sports Nutrition product line. The terms of the transaction were not disclosed.  LifeVantage, based in Sandy, Utah, identifies, researches, develops, and distributes nutraceutical dietary supplements and skin care products.

4/16/2014 Echelon Biosciences, Inc. acquired California Peptide Research Inc. The terms of the transaction were not disclosed. Echelon provides lipid cell signaling and critical metabolic enzymes for the development of potential drugs and diagnostics diseases and is based in Salt Lake City, Utah.

4/21/2014 Godwin Manufacturing Company Inc. acquired Williamsen Manufacturing, Inc., which will be renamed Williamsen-Godwin Truck Body Company. The terms of the transaction were not disclosed. Williamsen-Godwin Truck Body Company dba TescoWilliamsen designs, fabricates, and manufactures specialty trailers, dump bodies, missile transporters, and pup trailers for military, aerospace, and government clients and is based in Salt Lake City, Utah.

4/22/2014 WorkforceQA LLC acquired Compliance Safety Systems LLC. The terms of the transaction were not disclosed. WorkforceQA provides employee screening services to the drug-free workplace industry and is based in Salt Lake City, Utah.

4/24/2014 Oakwood Homes LLC acquired Henry Walker Homes, LLC. The terms of the transaction were not disclosed. Henry Walker Homes builds houses in Utah and Colorado and is based in Centerville, Utah.

4/29/2014 OBO-Werke GmbH & Co. KG agreed to acquire the European tooling board and tooling paste material business of Huntsman Advanced Materials LLC. The terms of the transaction were not disclosed. Huntsman is a Salt Lake City, Utah-based chemical company that manufactures and markets epoxy, acrylic, and polyurethane-based polymer products.

4/29/2014 F.H.G. Corporation acquired CornerStone Research & Development, Inc. The terms of the transaction were not disclosed. CornerStone manufactures dietary supplements and is based in Ogden, Utah.

M&A - Financial

4/6/2014 Weld North LLC agreed to acquire TrueNorthLogic, LLC and Imagine Learning, Inc.  The terms of the transactions were not disclosed.  TrueNorthLogic develops and implements Web-based K-12 education human capital management solutions and is based in Sandy, Utah. Imagine Learning designs and develops language and literacy software and is based in Provo, Utah. Holland & Hart LLP is serving as legal advisor to Imagine Learning.

4/16/2014 Warburg Pincus LLC entered into a definitive agreement to acquire Electronic Funds Source LLC from FJ Management Inc. and others. The terms of the transaction were not disclosed. Electronic Funds Source is based in Ogden, Utah and provides corporate payment solutions that enable companies to manage and control purchases, payroll, settlement, and cash advances. FJ Management operates convenience stores, oil & refining, banking, and insurance businesses and is based in Salt Lake City, Utah. White & Case LLP and Harwell Howard Hyne Gabbert & Manner P.C. are serving as legal advisors to Electronic Funds Source.

Private Placements

4/8/2014 Space Monkey, Inc. announced that it has received a round of funding from ALTA Ventures Mexico and other investors. Space Monkey provides cloud storage services and is based in based in Midvale, Utah.

4/28/2014 InsideSales.com, Inc. raised $100.0 million in a round of funding from a group of investors including Polaris Partners, Kleiner Perkins Caufield & Byers, Acadia Woods, EPIC Ventures, salesforce.com, Zetta Venture Partners, among others. InsideSales provides a cloud-based sales acceleration platform and is based in Provo, Utah. EPIC Ventures is a private equity and venture capital firm specializing in start-ups, early stage, mid-stage, buyout, and bridge financing and is based in Salt Lake City, Utah.

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