Columbia West Capital News - Southwest Deal Intelligence
10.29.14 Arizona Deal Intelligence - September 2014


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  

9/8/2014 Sunbelt Rentals Industrial Services, LLC entered into an agreement to acquire the equipment rental division of ECM Energy Services Inc. for an undisclosed amount. ECM Energy Services is based in Scottsdale, Arizona. ECM's Equipment Rental Division offers equipment rental services to the onshore oil and gas industry.   

9/9/2014 Connexions Loyalty, Inc. acquired SkyMall Ventures, LLC fromSkyMall, LLC for $24.0 million in cash and $3.9 million in future contingent consideration. SkyMall Ventures, based in Phoenix, Arizona, provides turnkey merchandise and gift card programs for 14 unique customer loyalty programs.   

9/10/2014 PracticeMax, Inc. acquired Optimum Medical Management for an undisclosed amount. PracticeMax, based in Scottsdale, Arizona, provides revenue cycle management and software services for medical practice management and clinical operations.   

9/17/2014 Providence Service Corp. (NasdaqGS:PRSC) entered into an agreement to acquire Community Care Health Network, Inc. from Welsh, Carson, Anderson & Stowe, L.P. for approximately $400.0 million in cash and stock. Community Care Health Network, based in Tucson, Arizona, provides medical assessment solutions for Medicare Advantage health plans in the United States. Skadden, Arps, Slate, Meagher & Flom, L.L.P. and Paul Hastings LLP served as legal advisors to Providence Service Corp.  

9/18/2014 Xtreme Consulting Group Inc. agreed to acquire Synergy Seven, LLC for an undisclosed amount. Synergy Seven, based in Phoenix, Arizona, provides contract technical placement, professional services/solutions, direct hiring, and human resources services.   

9/19/2014 Liberty Utilities Co. entered into an agreement to acquire Park Water Company Inc. from The Carlyle Group LP (NasdaqGS:CG) for $327.0 million. Liberty Utilities, based in Avondale, Arizona, provides water, natural gas, and electric transmission and distribution services to small and mid-sized communities in the United States, as well as utility management and support services.  

9/24/2014 Center for Excellence in Higher Education Inc. acquired a 51% stake in Training to You, Inc. for an undisclosed amount. Training to You is based in Phoenix, Arizona and provides application and technical training. 

M&A - Financial

9/2/2014 Veritas Capital agreed to acquire BeyondTrust Software, Inc. fromInsight Venture Partners, Blue Cloud Ventures and others for $310.0 million. BeyondTrust Software is based in Phoenix, Arizona and provides privileged account management and vulnerability management software solutions to reduce IT security risks and simplify compliance reporting. Willkie Farr & Gallagher LLP is serving as legal advisor to BeyondTrust Software.  

Private Placements

9/24/2014 Nanotherapeutics, Inc. announced that it has received $8.0 million in venture loan funding from existing investor, Trinity Capital Investment, LLC. Trinity Capital, based in Chandler, Arizona, is a private equity and venture capital firm specializing in investments in growth capital and buyouts.   

9/30/2014 RiceBran Technologies (NasdaqCM:RIBT) announced that it has raised $6.4 million. RiceBran Technologies, based in Scottsdale, Arizona, is engaged in the processing and marketing of healthy, natural, and nutrient dense products that are derived from rice bran. Ellenoff Grossman & Schole LLP and Weintraub Tobin Chediak Coleman Grodin Law Corporation served as legal advisors to RiceBran.  

9/30/2014 Infusion Software, Inc. closed a $55.0 million Series D preferred share equity financing led by Bain Capital Ventures. Infusion Software is a Chandler, Arizona-based technology company that offers sales and marketing software to small businesses. Osborn Maledon, P.A. served as legal advisor to Infusion Software.  

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