Columbia West Capital News - Southwest Deal Intelligence
03.23.15 Utah Deal Intelligence - February 2015


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

2/2/2015 HLB Co., LTD. agreed to acquire an additional 31.2% stake in LSK BioPartners, Inc. for $32.7 million. LSK BioPartners, doing business as LSK BioPharma, engages in the development of healthcare products and provision of product development services to pharmaceutical companies in the United States and internationally and is based in Salt Lake City, Utah.

2/2/2015 365 Retail Markets, LLC acquired AirVend, Inc. The terms of the transaction were not disclosed. AirVend produces vending-machine-mounted, cashless touchscreen devices for vending operators in the United States and is based in Provo, Utah.

2/4/2015 Hub International Transportation Insurance Services Inc. acquired the assets of Alexander Insurance Services, Inc. The terms of the transaction were not disclosed. Hub International provides transportation insurance products and is based in Salt Lake City, Utah.

2/4/2015 Valnet Inc. acquired Screen Rant, LLC. The terms of the transaction were not disclosed. Screen Rant owns and operates a movie and TV news website and is based in Ogden, Utah. Jones Waldo Holbrook & McDonough PC served as legal advisor to Screen Rant.

2/9/2015 Mity-Lite, Inc. acquired Carroll Chair Co. from Hospitality International, LLC. The terms of the transaction were not disclosed. Mity-Lite manufactures lightweight banquet, meeting, and event furniture and is based in Orem, Utah.

2/10/2015 ArbiterSports, LLC agreed to acquire Pay OGFE Inc. The terms of the transaction were not disclosed. ArbiterSports provides athletic event management technology solutions and a suite of tools for business officers, assigners, state organizations, governing bodies, athletic directors, officials, and coordinators and is based in Sandy, Utah.

2/10/2015 BroadVoice, Inc. acquired DSL Extreme, Inc. from IKANO Communications, Inc. The terms of the transaction were not disclosed. IKANO Communications, along with its subsidiaries, provides Internet protocol solutions, including Internet access, billing, customer support, hosting, portal, and email services for business and residential customers and is based in Salt Lake City, Utah.

2/10/2015 DePuy Synthes, Inc. acquired Olive Medical Corporation. The terms of the transaction were not disclosed. Olive Medical Corporation manufactures and distributes video surgical systems and imaging equipment and is based in Salt Lake City, Utah.

2/16/2015 Grant Victor, Inc. agreed to acquire The DPL Group. The terms of the transaction were not disclosed. Grant Victor, through its subsidiaries, provides retail-style ATM services, sales, and solutions in North America and is based in Kaysville, Utah.

2/18/2015 NGL Energy Partners LP (NYSE:NGL) acquired Magnum NGLs, LLC for $280.0 million. Magnum owns and operates a natural gas liquids storage facility and is based in Holladay, Utah. King & Spalding LLP served as legal advisor to Magnum.

2/23/2015 United Subcontractors, Inc. acquired Cardalls Insulation Company. The terms of the transaction were not disclosed. Cardalls Insulation provides insulation contracting services for residential and commercial needs and is based in North Salt Lake, Utah.

2/24/2015 Obeo.com Inc. acquired eWalk Software Corporation. The terms of the transaction were not disclosed. Obeo.com provides online real estate marketing services and is based in Bountiful, Utah.

M&A - Financial

2/3/2015 Revelstoke Capital Partners LLC acquired Career Step, LLC. The terms of the transaction were not disclosed. Career Step is an online provider of career-focused education and corporate training for job opportunities in healthcare, administrative services, and technology in the United States and is based in Provo, Utah. Paul Hastings LLP served as legal advisor to Career Step.

Private Placements

2/19/2015 Corrective Education Company, LLC announced that it has received an undisclosed amount in a round of funding. Corrective Education provides incident intake and management systems, and education programs to reduce recidivism and retail theft and is based in Salt Lake City, Utah.

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