Columbia West Capital News - Southwest Deal Intelligence
05.24.16 Utah Deal Intelligence - April 2016


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

4/4/2016 Sterigenics International, Inc. acquired Nelson Laboratories, Inc. The terms of the transaction were not disclosed. Based in Salt Lake City, Nelson Laboratories provides life-cycle microbiology testing services for medical device, pharmaceutical, and natural product industries. Parsons Behle & Latimer served as legal advisor to Nelson Laboratories.    

4/5/2016 Experticity, Inc. acquired Social Yantra, Inc. The terms of the transaction were not disclosed. Experticity operates a network for building and rewarding expertise in sales associates and is based in Salt Lake City.    

4/12/2016 Logitech Europe S.A. agreed to acquire Jaybird, LLC for $95.0 million. Jaybird develops Bluetooth headphones and activity trackers for sports and active lifestyles and is headquartered in Salt Lake City.    

4/19/2016 CallTower Inc. acquired Skype for Business Assets from ConnectSolutions, Inc. The terms of the transaction were not disclosed. CallTower provides cloud-based enterprise-class unified communications solutions for organizations worldwide and is based in South Jordan.    

4/19/2016 Legrand SA (ENXTPA:LR) agreed to acquire Luxul Wireless, Inc. from Signal Peak Ventures. The terms of the transaction were not disclosed. Luxul Wireless provides wireless signal propagation technologies for wireless networking methodologies and is based in Lindon. Signal Peak Ventures is a private equity and venture capital firm based in Salt Lake City.    

4/26/2016 Self Storage Co., LLC acquired US Storage Search, Inc. The terms of the transaction were not disclosed. Self Storage Co. operates a self-storage aggregation Website and is based in Salt Lake City.    

4/28/2016 Brandt Consolidated, Inc. acquired an unknown majority stake in Baicor, L.C. The terms of the transaction were not disclosed. Based in Logan, Baicor engages in the research, development, and manufacture of fertilizers for home and garden, agriculture, greenhouse growing, golf course, and private label markets.  

4/29/2016 American Covers Inc. acquired the assets of Eagle One Industries, Inc. from Niteo Products, LLC. The terms of the transaction were not disclosed. Draper-based American Covers, doing business as Handstands, manufactures car air fresheners, cleaning and conditioning products, and anti-bacterial wipes.  

M&A - Financial  

4/1/2016 Hennessy Capital Acquisition Corp. II (NASDAQ:HCAC) agreed to acquire USI Senior Holdings, Inc. for approximately $340.0 million. Salt Lake City-based USI Senior Holdings, through its subsidiary, provides installation services of residential and commercial products, including insulation, windows and doors, shelving, garage doors, glass products, and concrete shell framings. Willkie Farr & Gallagher LLP is serving as legal advisor to USI Senior Holdings.  

4/20/2016 Paul Huntsman agreed to acquire Kearns Tribune LLC from MediaNews Group, Inc. The terms of the transaction were not disclosed. Based in Salt Lake City, Kearns Tribune publishes newspapers and provides circulation, advertising and production services to both The Salt Lake Tribune and the Deseret News.  

Private Placements  

4/1/2016 Bitt, Inc. announced that it has received $16.0 million in a Series A round of funding that included participation from new investor Overstock.com, Inc. (NasdaqGM:OSTK).  Overstock.com operates as an online retailer and is based in Salt Lake City.    

4/11/2016 Complete Merchant Solutions LLC announced that it has received an equity round of funding led by GCP Capital Partners. The terms of the transaction were not disclosed. Complete Merchant Solutions provides electronic payments solutions and is based in Orem.    

4/25/2016 APX Group Holdings, Inc. announced that it will receive $100.0 million in a round of funding from new investor Solamere Capital LLC and other investors. Provo-based APX Group Holdings sells, installs, services, and monitors electronic home security and home systems. Simpson Thacher & Bartlett LLP is serving as legal advisor to APX Group Holdings.    

4/25/2016 Rockwell Holdco, Inc. announced that it raised $15.9 million in a round of funding from six investors. Rockwell Holdco is a hazardous materials management company based in Salt Lake City.  

4/28/2016 Stance, Inc. announced that it will receive $20.4 million in a round of funding from Mercato Partners and other investors.  Mercato Partners is a private equity and venture capital firm based in Salt Lake City.     

For submissions, please email David Lawless at dlawless@columbiawestcap.com.