Columbia West Capital News - Southwest Deal Intelligence
08.24.16 Arizona Deal Intelligence - July 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

7/1/2016 Jones & Frank acquired Ans Distributing, Inc. The terms of the transaction were not disclosed. Ans Distributing is based in Tucson and distributes petroleum handling equipment.    

7/1/2016 Sindex SSI Lending, LLC agreed to acquire the assets of SynCardia Systems, Inc. for $20.5 million. Headquartered in Tucson, SynCardia Systems is a medical technology company that focuses on developing, manufacturing, and commercializing the SynCardia temporary Total Artificial Heart (TAH-t).    

7/6/2016 GMS Inc. (NYSE:GMS) acquired RockWise, LLC. RockWise provides commercial and residential gypsum and stucco supplies and is based in Phoenix. Osborn Maledon, P.A. served as legal advisor to RockWise.    

7/8/2016 DaySequerra Inc. agreed to acquire Orban, Inc. from Circuit Research Labs, Inc. (OTCPK:CRLI). The terms of the transaction were not disclosed. Orban designs and develops audio processors for radio, television, and internet broadcasters and is based in Scottsdale. Based in Tempe, Circuit Research Labs develops, manufactures, and markets electronic audio processing, transmission encoding, and noise reduction equipment for radio, television, cable, internet, and professional audio markets worldwide.    

7/26/2016 Western Transport Logistics, Inc. acquired TNT Cartage, Inc. The terms of the transaction were not disclosed. Western Transport Logistics provides transportation and industrial services and is based in Phoenix. Jennings, Strouss & Salmon, PLC served as legal advisor to Western Transport Logistics.    

7/28/2016 Avnet, Inc. (NYSE:AVT) agreed to acquire Premier Farnell plc (LSE:PFL) for $1.26 billion. Headquartered in Phoenix, Avnet distributes electronic components, enterprise computer and storage products, IT solutions and services, and embedded subsystems.  

7/29/2016 AMERI Holdings, Inc. (OTCPK:AMRH) acquired DC&M Partners LLC for $24.2 million. DC&M Partners provides SAP development, consultancy, and management services and is based in Chandler. Polsinelli PC served as legal advisor to DC&M.  

M&A - Financial

7/25/2016 Hargett Hunter Capital Partners acquired a majority stake in Original ChopShop Co. The terms of the transaction were not disclosed. Scottsdale-based Original ChopShop operates a healthy fast casual restaurant that offers fresh and organic bowls, salads, sandwiches, and juice.  

Private Placements

7/19/2016 Blue Cedar Networks, Inc. announced that it has received $10.0 million in its Series A round of funding from Grayhawk Capital, LLC and other investors. Grayhawk Capital is a venture capital firm based in Phoenix.   

Other Transactions

7/1/2016 Salt River Project consummated its purchase of the generation interests (but not the transmission interests) of Los Angeles Department of Water and Power at the Navajo Generating Station located near Page, Arizona. LADWP held about a 21% ownership interest in that power station. In connection with that transaction, SRP also transferred to LADWP its ownership interest in the land underlying the Mohave Generating Station in Southern Nevada, and the parties entered into certain transmission rights and power purchase agreements. Jennings Strouss & Salmon PLC served as legal advisor to SRP.     

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