Columbia West Capital News - Southwest Deal Intelligence
09.23.16 Arizona Deal Intelligence - August 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

8/1/2016 Hawthorne Hydroponics LLC signed a definitive agreement to acquire American Agritech, L.L.C. The terms of the transaction were not disclosed. American Agritech, doing business as Botanicare, manufactures and supplies hydroponic products for consumers worldwide and is based in Chandler.    

8/1/2016 Cantel Medical Corp. acquired Accutron, Inc. for $52.5 million in cash. Accutron manufactures nitrous oxide delivery systems and single-use nasal masks and is based in Phoenix. Osborn Maledon, PA served as legal advisor to Accutron.    

8/1/2016 Edgenuity, Inc. acquired CompassLearning, Inc. from Marlin Equity Partners, LLC. The terms of the transaction were not disclosed. Edgenuity offers online and blended learning products to challenge and engage middle and high school students and is based in Scottsdale.    

8/12/2016 Car Wash Partners, Inc. acquired The Car Wash Barn. The terms of the transaction were not disclosed. Car Wash Partners operates a chain of car wash and lube centers and is based in Tucson.    

8/15/2016 Simplified Networks, LLC acquired CloudConnect, LLC. The terms of the transaction were not disclosed. Simplified Networks provides cloud-based VoIP phone services for businesses and is based in Phoenix.    

8/16/2016 Hayes Mechanical, Inc. acquired W. J. Maloney Plumbing Co., Inc. The terms of the transaction were not disclosed. W. J. Maloney Plumbing provides plumbing services for commercial and residential customers and is based in Phoenix.    

8/23/2016 Car Wash Partners, Inc. acquired Bay Breeze Car Wash. The terms of the transaction were not disclosed. Car Wash Partners operates a chain of car wash and lube centers and is based in Tucson.    

8/25/2016 Mister Car Wash, Inc. acquired Metro Car Wash Inc. The terms of the transaction were not disclosed. Mister Car Wash offers car wash services and provides maintenance, lube, and repair services and is based in Tucson.    

8/29/2016 Littelfuse Inc. (NasdaqGS:LFUS) agreed to acquire the Ignition IGBT business and transient voltage suppression and switching thyristor product lines (product portfolio) from ON Semiconductor Corp. (NasdaqGS:ON) for $104.0 million. ON Semiconductor manufactures and sells semiconductor components for various electronic devices worldwide and is based in Phoenix. Morrison & Foerster LLP is serving as legal advisor to ON Semiconductor.    

8/29/2016 Circle K Stores Inc. agreed to acquire 53 sites in the Baton Rouge, Louisiana market from American General Investments, LLC and North American Financial Group, LLC. The terms of the transaction were not disclosed. Circle K operates and franchises convenience stores in North America and internationally and is based in Tempe.  

8/31/2016 Insight Enterprises Inc. (NasdaqGS:NSIT) acquired Ignia Pty Ltd. The terms of the transaction were not disclosed. Insight provides information technology hardware, software, cloud, and service solutions and is based in Tempe. Baker & McKenzie LLP served as legal advisor to Insight.  

M&A - Financial

8/10/2016 Pharos Capital Group, LLC and Ed Irby acquired FasPsych, LLC. The terms of the transaction were not disclosed. FasPsych offers staffing solutions to the behavioral health services industry and is based in Scottsdale. Kaufman & Canoles, P.C. served as legal advisor to FasPsych.    

8/17/2016 IAF Ventures LLC (Integrated Ag. Financial), through its IAF 30 Limited Partnership, acquired assets of Farm Sources International Holdings LLC and the Cubing Operation of FSI Cube and Pellet, LLC. The terms of the transaction were not disclosed. IAF Ventures is an investment manager for limited partnerships in agriculture and is based in Scottsdale. Farm Sources International engages in growing, buying, shipping, and selling forage and grain commodities to retail customers, dairy farms, feed stores, exporters, feed mills, and governments and is based in Scottsdale. FSI Cube and Pellet engages in the production and distribution of animal feed for small operators and multinational businesses and is based in Stanfield.    

8/19/2016 JDA Software Group, Inc. has completed an agreement to receive $570.0 million in its recapitalization round of funding from existing investor New Mountain Capital, LLC and funds managed by new investor The Blackstone Group L.P. (NYSE:BX). JDA Software Group designs and develops end-to-end integrated supply chain and retail management software solutions and is based in Scottsdale.    

8/31/2016 An ownership group acquired a majority stake in Arizona United Soccer Club, LLC from Kyle Eng. The terms of the transaction were not disclosed. Arizona United Soccer is a professional soccer franchise based in Peoria. The ownership group is led by Berke Bakay and includes Tim Riester, Mark Detmer, Dave Stearns, Jim Scussel, Richard Hauser and Brandon McCarthy. David Farca will serve as team president.  

8/31/2016 Sumeru Equity Partners, Inc. acquired Telesoft Corp. The terms of the transaction were not disclosed. Telesoft provides communications expense and mobility management solutions to global enterprises across mobile, IP / fixed and cloud footprints and is based in Phoenix. Osborn Maledon, PA served as legal advisor to Telesoft.    

Private Placements

8/1/2016 WorkWell Prevention & Care, Inc. announced that it will receive a strategic investment from Trinity Capital Investment, LLC. The terms of the transaction were not disclosed. Trinity Capital is a private equity and venture capital firm based in Chandler.

8/4/2016 Zero Mass Water, Inc. announced that it will receive $15.0 million in funding. As of August 8, 2016, the company has received $6.7 million in its first tranche from a single investor. Zero Mass develops equipment that uses solar energy to produce potable water and is based in Scottsdale.                 

8/4/2016 Serious Integrated, Inc. announced that it will receive $5.0 million in a Series A round of funding from McRock Capital. Serious Integrated provides graphic/touch front panel modules and related software and tools for developing and deploying graphic/touch user interfaces and is based in Chandler.    

8/10/2016 Carvana, LLC announced that it has raised $160.0 million in its Series C round of funding led by a United States-based institutional investor. Carvana sells used cars online and is based in Phoenix.    

8/19/2016 DUFL, Inc. announced that it has raised $5.4 million in Series A funding from undisclosed investors. DUFL develops and markets a mobile application for business travelers for baggage packing and shipping and is based in Tempe.  

8/25/2016 Mix 1 Life, Inc. (OTCPK:MIXX) announced that it will receive $5.0 million in funding. Mix 1 Life engages in the development, marketing, and distribution of nutritional supplements in the United States and is based in Scottsdale.     

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