Columbia West Capital News - Southwest Deal Intelligence
07.14.16 Utah Deal Intelligence - June 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  

6/1/2016 nThrive, Inc., formerly known as MedAssets-Precyse LLC, acquired Equation, Inc. The terms of the transaction were not disclosed. Equation is headquartered in Layton and provides healthcare analytics and consulting services.    

6/1/2016 NFP Corp. acquired First West Brokerage Services, Inc. The terms of the transaction were not disclosed. First West Brokerage Services is a full service benefits insurance broker and consultant based in Orem.    

6/3/2016 Quality Distribution, Inc. acquired Isotank Services Limited. The terms of the transaction were not disclosed. Quality Distribution is based in Salt Lake City and provides public warehouse and distribution services.    

6/3/2016 National Auto Parts Warehouse, Inc. acquired Felt Auto & Machine. The terms of the transaction were not disclosed. Felt Auto & Machine operates an auto parts retail store and is based in Ogden.    

6/6/2016 Midigator LLC acquired B4 Enterprises Inc. The terms of the transaction were not disclosed. Midigator is based in Lindon and develops and operates a chargeback and fraud mitigation technology platform for merchants and payment processors.    

6/20/2016 Next Gear Solutions, Inc. agreed to acquire ClientRunner Software, Inc. from ThinkAtomic, Inc. The terms of the transaction were not disclosed. ClientRunner Software develops restoration management software and is based in Orem. ThinkAtomic is a venture capital firm based in Orem.    

6/20/2016 Impax Laboratories Inc. (NasdaqGS:IPXL) agreed to acquire a portfolio of 15 generic pharmaceutical products from Actavis Laboratories UT, Inc. and others for $586.0 million in cash. Actavis Laboratories UT develops, manufactures, and sells generic pharmaceutical products and is based in Salt Lake City.    

6/21/2016 Verizon Telematics, Inc. agreed to acquire Telogis, Inc. from Cross Creek Advisors and others. The terms of the transaction were not disclosed. Cross Creek Advisors is a venture capital firm based in Salt Lake City.    

6/22/2016 Purch, Inc. acquired Business.com Media, Inc. The terms of the transaction were not disclosed. Based in Ogden, Purch is a digital content and services company.    

6/24/2016 Incipio, LLC agreed to acquire Skullcandy, Inc. (NasdaqGS:SKUL) for $165.1 million. Skullcandy is headquartered in Park City and designs, markets, and distributes audio and gaming products under the Skullcandy and Astro Gaming brands in the United States and internationally. Latham & Watkins LLP is serving as legal advisor to Skullcandy.

6/28/2016 Medsphere Systems Corporation agreed to acquire ChartLogic, Inc. The terms of the transaction were not disclosed. Based in Salt Lake City, ChartLogic is a health information technology company that provides electronic health records (EHR) software solutions to medical practices in the United States.  

M&A - Financial  

6/8/2016 TA Associates Management, L.P. acquired Conservice, LLC. The terms of the transaction were not disclosed. Conservice provides utility management and billing services for property owners and is based in Logan. Perkins Coie LLP served as legal advisor to Conservice.  

Private Placements  

6/1/2016 HZO, Inc. announced that it will receive $30.0 million in funding from multiple investors. As of June 16, 2016, HZO has received $17.1 million in its first tranche from 12 investors. Based in Draper, HZO manufactures liquid protection solutions to devices and electronics in technical, industrial, medical, and consumer industries worldwide.    

6/3/2016 Eastwind Networks, Inc. announced that it has received $5.3 million in funding from two investors. Eastwind Networks develops and provides cloud-based network breach detection systems and is based in Salt Lake City.    

6/7/2016 Miramar Labs, Inc. announced a private placement of $9.0 million with participation from existing investor Cross Creek Advisors and others. Cross Creek Advisors is a venture capital firm based in Salt Lake City.    

6/15/2016 Extra Space Storage LP announced that it has raised $55.0 million in a round of funding from an unnamed investor. Based in Salt Lake City, Extra Space Storage manages, develops, sells, and rents self-storage facilities.    

6/19/2016 Beauty Industry Group, LLC announced that it has raised funding in a recapitalization round with participation from new investor Gauge Capital, LLC. The terms of the transaction were not disclosed. Beauty Industry Group is based in Salt Lake City and provides hair extension and other beauty products.    

6/28/2016 FFG Global Holdings LLC announced that it has received $18.0 million in funding. FFG Global Holdings, formerly known as Four Foods Group Management, LLC, is based in American Fork and owns and operates restaurants.    

6/29/2016 Keen Labs, Inc. announced that it has received $14.7 million in its Series B round of funding from existing investor Pelion Venture Partners and others. Pelion Venture Partners is a venture capital firm based in Salt Lake City.  

6/29/2016 Great Basin Scientific, Inc. (NasdaqCM:GBSN) announced that it has entered into a securities purchase agreement for a private placement of senior secured convertible notes with accredited investors for gross proceeds of $68.0 million. Based in Salt Lake City, Great Basin Scientific develops and commercializes molecular diagnostic systems that are designed to test hospital-acquired infections. Dorsey & Whitney LLP is serving as legal advisor to Great Basin Scientific.     

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