Columbia West Capital News - Southwest Deal Intelligence
10.07.08 Arizona Deal Intelligence - September 2008

M&A - Strategic

9/2/2008 Schuff International, Inc. (OTCPK:SHFK) announced it closed the acquisition of Strocal, Inc., Steel Fabrication Facility in Eloy, Arizona for an undisclosed amount. Schuff operates as an integrated fabricator and erector of structural steel and heavy steel plate. Schuff is headquartered in Phoenix, Arizona.




9/2/2008 AFS Technologies, Inc. announced it closed the acquisition of IRM Corporation and Motek Information Systems, Inc. for an undisclosed amount. AFS Technologies dba Advanced FoodSystems provides food and beverage enterprise software solutions and is headquartered in Phoenix, Arizona.




9/9/2008 Baywood International Inc. (OTCBB:BAYW) announced it closed the acquisition of Skae Beverage International, LLC for $8.58 million. Baywood is based in Scottsdale, Arizona. Hand Baldachin & Amburgey was legal advisor to Baywood for the transaction.




9/11/2008 Quest Software Inc. (NasdaqGS:QSFT) announced it closed the acquisition of NetPro Computing, Inc. for $78.7 million. NetPro Computing provides infrastructure optimization software and is headquartered in Phoenix, Arizona. Osborn Maledon was legal advisor to NetPro Computing for the transaction.




9/17/2008 Ygnition Networks, Inc. announced it closed the acquisition of Convergent Broadband Communications, Inc. for an undisclosed amount. Phoenix, Arizona-based Convergent Broadband provides broadband technologies for multi-unit residential properties.




9/30/2008 Providence Service Corp. (NasdaqGS:PRSC) announced it closed the acquisition of Camelot Community Care, Inc. for $10.4 million. Tucson, Arizona- based Providence Service Corporation provides and manages government sponsored social services and non-emergency transportation services in the United States.



M&A - Financial
9/11/08 Waud Capital Partners, L.L.C. announced it closed the acquisition of Advanced Reimbursement Management, LLC for an undisclosed amount. Phoenix, Arizona-based Advanced Reimbursement Management provides receivables management, post payment review, denials management, eligibility services, and clinical auditing services to help hospitals convert receivables to cash. Osborn Maledon was legal advisor to Advanced Reimbursement Management for the transaction.




9/28/2008 Ziegler's New York Pizza Department announced its Management buyout, led by the current CEO Richard Stark and other senior managers, for an undisclosed amount. Ziegler's NYPD operates 10 units throughout the Phoenix valley and is considered one of the region's premier pizza and Italian restaurant concepts. The capital to fund the transaction was provided by Main Street Capital (NASDAQ:"MAIN"), based in Houston, Texas. Ballard Spahr Andrews & Ingersoll, LLP served as legal advisor and Columbia West Capital, LLC served as the financial advisor for the transaction.



Private Placements
9/2/2008 AFS Technologies, Inc. announced it closed a $13.0 million capital raise. AFS Technologies dba Advanced FoodSystems provides food and beverage enterprise software solutions and is headquartered in Phoenix, Arizona.




9/25/2008 American Traffic Solutions, Inc. announced it closed a capital investment by Goldman Sachs Group, Merchant Banking Division. Scottsdale, Arizona-based American Traffic Solutions provides technology and business solutions for photo traffic and electronic toll enforcement management in North America.