Columbia West Capital News - Southwest Deal Intelligence
05.25.16 Arizona Deal Intelligence - April 2016


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

4/3/2016 Sunquest Information Systems, Inc. acquired the remaining stake in GeneInsight LLC from Partners HealthCare System, Inc. The terms of the transaction were not disclosed. Tucson-based Sunquest Information Systems provides diagnostic and laboratory information systems to healthcare providers worldwide.

4/4/2016 LHC Group, Inc. (NasdaqGS:LHCG) acquired an unknown majority stake in two home health agencies in Flagstaff and Cottonwood and one hospice agency in Cottonwood from Northern Arizona Healthcare Corporation. The terms of the transaction were not disclosed. Northern Arizona Healthcare comprises home health and hospice service agencies and is based in Flagstaff.

4/4/2016 Cumberland Consulting Group, LLC acquired Oleen Pinnacle Healthcare Consulting LLC. The terms of the transaction were not disclosed. Oleen Pinnacle Healthcare Consulting operates as a healthcare consulting company that provides business and IT services to the healthcare industry and is based in Little Rock.

4/5/2016 RetailMeNot, Inc. (NasdaqGS:SALE) acquired GiftCardZen, Inc. from Venture51 Capital Fund LLP and others for $33.0 million. GiftCardZen operates the GiftcardZen.com support center that enables users to buy and sell gift cards from merchants and is based in Flagstaff. Venture51 Capital is a venture capital firm based in Phoenix. Kastner Huggins Reddien Gravelle LLP served as legal advisor to GiftCardZen.

4/8/2016 Devereux Arizona acquired Youth and Families First. The terms of the transaction were not disclosed. Scottsdale-based Devereux provides behavioral healthcare services in hospital, residential, community, and school-based settings. Phoenix-based Youth and Families First provides youth counseling, skills training, and mentoring services.

4/13/2016 Car Wash Partners, Inc. acquired assets of Venture Car Wash LLC. The terms of the transaction were not disclosed. Car Wash Partners operates a chain of car wash and lube centers and is headquartered in Tucson.

4/13/2016 Johnson Carlier Inc. acquired BEC Southwest, Inc. The terms of the transaction were not disclosed. Johnson Carlier provides construction management, general contracting, construction manager at risk and design/build services and is based in Tempe. BEC Southwest provides construction management and design/build services and is based in Flagstaff.

4/18/2016 Gary Jonas Computing Ltd. acquired the assets of Multi-Systems, Inc. The terms of the transaction were not disclosed. Multi-Systems is a cloud services technology company that provides integrated property technology and guest management solutions to the hospitality industry and is based in Phoenix.

4/18/2016 Kohlberg & Company, L.L.C. agreed to acquire The Meadows of Wickenburg, Inc. for approximately $180.0 million. The Meadows of Wickenburg provides addiction and psychological trauma treatment services and is based in Wickenburg.

4/20/2016 Reiser Simulation and Training Gmbh acquired Innovative Control Systems, LP. The terms of the transaction were not disclosed. Phoenix-based Innovative Control Systems develops data acquisition components and equipment for aerospace companies and suppliers in the United States and internationally.

4/21/2016 Teleradiology Specialists, PLLC acquired Stat Read, LLC dba UrgentRad Radiology. The terms of the transaction were not disclosed. Phoenix-based Teleradiology Specialists provides urgent care teleradiology services in the United States. Stat Read provides radiology report reading services and is based in Scottsdale.

4/25/2016 Zimmer Biomet Holdings, Inc. (NYSE:ZBH) agreed to acquire Cayenne Medical, Inc. The terms of the transaction were not disclosed. Scottsdale-based Cayenne Medical, a medical device company, designs, develops, and markets soft tissue reconstruction solutions for the knee, shoulder, and extremities. Snell & Wilmer L.L.P. is serving as legal advisor to Cayenne Medical.

4/27/2016 Lyons Roofing Inc. acquired the Roofing Division from TIP Maintenance, Inc. The terms of the transaction were not disclosed. Lyons Roofing provides roofing services to residential and commercial clients and is based in Phoenix. The Roofing Division of TIP Maintenance provides commercial roofing solutions and is based in Phoenix.

4/27/2016 Assurance Health and Wellness Center, Inc. acquired Arizona Counseling & Treatment Services, LLC. The terms of the transaction were not disclosed. Assurance Health and Wellness Center owns and operates an integrated care clinic for adults and children and is headquartered in Tucson. Arizona Counseling & Treatment Services provides healthcare counseling and therapy services and is headquartered in Yuma.

4/27/2016 An unknown private equity firm acquired Colyar Technology Solutions from Greyrock Capital Group, Shore Points Capital and others. The terms of the transaction were not disclosed. Colyar Technology Solutions is a Phoenix-based consulting firm specializing in the design, development, and implementation of Web-based child nutrition, food distribution, and compliance management software.

Private Placements

4/8/2016 Trapp Technology, Inc. announced that it has received a round of funding from new investor Bregal Sagemount in conjunction with their recent acquisition of Brinkster Communications Corporation. The terms of the transaction were not disclosed. Scottsdale-based Trapp Technology provides enterprise-level cloud, Internet, IT and managed services to organizations and data centers worldwide. Brinkster Communications provides Cloud Infrastructure as a Service and web hosting services and is based in Phoenix.

4/17/2016 Sphericam announced that it will receive $5.0 million in an equity round of funding from new investor Kingnet Technology (HK) Limited. Sphericam manufactures spherical professional panoramic video cameras and is based in Cave Creek.

4/21/2016 TM Technologies, Inc. announced that it will receive $6.0 in funding. Tucson-based TM Technologies is a wireless technology company that manufactures, markets, and licenses patented technology products based on transpositional modulation (TM) technology.

4/28/2016 Deca Technologies Inc. announced that it has signed an agreement with new investor Advanced Semiconductor Engineering Inc. (TSEC:2311) for a $60.0 million round of funding. Tempe-based Deca Technologies is an electrical interconnect solutions provider offering wafer level chip scale packaging services to the semiconductor industry.

4/28/2016 STORE Capital Corporation (NYSE:STOR) announced that it has entered into a note purchase agreement of 4.73% senior notes, series C, due April 28, 2026 for gross proceeds of $200.0 million. STORE Capital is a privately owned real estate investment trust and is based in Scottsdale. Latham & Watkins LLP and Venable LLP served as legal advisors to STORE Capital.

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