Columbia West Capital News - Southwest Deal Intelligence
04.27.17 Arizona Deal Intelligence - March 2017


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  

3/1/2017 American Housing Income Trust, Inc. (OTCPK:AHIT) entered into a stock exchange agreement to acquire IX Biotechnology, Inc. for $7.5 million. American Housing Income Trust acquires, renovates, rehabilitates, manages, leases, and rents single family residential properties and is based in Phoenix. IX Biotechnology produces cannabidiol that is used for various medicinal purposes and is based in Phoenix. Paesano Akkashian, P.C. served as legal advisor to American Housing Income Trust.    

3/1/2017 Cornerstone Healthcare, Inc. acquired Hospice of the Pines, LLC. The terms of the transaction were not disclosed. Hospice of the Pines offers hospice care services and is based in Dewey.    

3/2/2017 Industrial Growth Partners acquired IOTA Engineering, L.L.C. The terms of the transaction were not disclosed. IOTA Engineering designs and manufactures emergency lighting equipment and is based in Tucson.    

3/2/2017 GuideWell Mutual Holding Corporation acquired PopHealthCare L.L.C. The terms of the transaction were not disclosed. PopHealthCare provides data analytics solutions and is based in Tempe. Bass, Berry & Sims served as legal advisor to PopHealthCare.    

3/8/2017 GlobalMedia Group, LLC acquired TreatMD, Inc. The terms of the transaction were not disclosed. GlobalMedia Group researches, develops, designs, engineers, manufactures, markets, and supports telemedicine hardware and software solutions and is based in Scottsdale.    

3/22/2017 GoDaddy Inc. (NYSE:GDDY) agreed to acquire Sucuri Inc. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals and is based in Scottsdale. Wilson Sonsini Goodrich & Rosati, Professional Corporation is serving as legal advisor to GoDaddy.    

3/23/2017 StarTexas Restaurants, Inc. acquired The Rancher's Grill Steakhouse. The terms of the transaction were not disclosed. StarTexas Restaurants owns and operates restaurants and is based in Scottsdale.    

3/23/2017 The Pictsweet Company acquired Fresh Frozen Foods, LLC from Inventure Foods, Inc. (NasdaqGS:SNAK) for $23.7 million. Inventure Foods manufactures and markets healthy/natural and indulgent specialty snack food products and is based in Phoenix. DLA Piper LLP (US) served as legal advisor to Inventure Foods.    

3/27/2017 Trapp Technology, Inc. acquired the medical cloud hosting division of Velocity Managed Services, Inc. The terms of the transaction were not disclosed. Trapp Technology provides enterprise-level cloud, internet, IT managed, and IT consulting services to organizations and data centers worldwide and is based in Scottsdale.    

3/27/2017 Gold Star Foods Inc. acquired Colyar Technology Solutions. The terms of the transaction were not disclosed. Colyar is a full-service consulting firm that specializes in the design, development, and implementation of web-based child nutrition, food distribution, and compliance management software and is based in Phoenix.    

3/28/2017 Cavco Industries, Inc. (NasdaqGS:CVCO) agreed to acquire Lexington Homes, Inc. The terms of the transaction were not disclosed. Cavco Industries engages in the design, production, and retail sale of manufactured homes and is based in Phoenix.

3/29/2017 StandardAero, Inc. agreed to acquire PAS Technologies Inc. The terms of the transaction were not disclosed. StandardAero offers maintenance, repair, and overhaul services to the aerospace industry and is based in Scottsdale.  

3/29/2017 Mister Car Wash, Inc. acquired Cruz Thru Carwash. The terms of the transaction were not disclosed. Mister Car Wash offers car wash services and is based in Tucson.  

M&A - Financial

3/13/2017 True North Companies acquired the remaining shares of Realty Executives International. The terms of the transaction were not disclosed. True North is a private equity firm based in Scottsdale. Realty Executives International, based in Scottsdale, operates as the overarching franchisor for all Realty Executives real estate brokerages worldwide.  

Private Placements

3/1/2017 Liberty Utilities Co. announced that it has entered into an agreement for a private placement of senior unsecured notes for the gross proceeds of $750.0 million. Liberty Utilities provides water, natural gas, and electric transmission and distribution services to small and mid-sized communities and is based in Avondale.    

3/2/2017 CampusLogic, Inc. announced that it has received $10.0 million in a Series B round of funding led by new investor 4.0 Partners. The terms of the transaction were not disclosed. CampusLogic develops and operates a cloud-based student financial aid engagement platform and is based in Gilbert.    

3/20/2017 Lightpost Digital & Deal Current Network Inc. announced that it has received funding led by DWP Investments LLC and Canal Partners, LLC. The terms of the transaction were not disclosed. DWP Investments is a venture capital firm based in Scottsdale. Canal Partners is a private equity firm based in Scottsdale.   

3/22/2017 Salucro Healthcare Solutions, LLC announced that it will receive $10.0 million in a round of funding. As of April 4, 2017, the company has received $4.0 million in its first tranche closing from one investor. Salucro develops self-pay patient payment services for healthcare providers and is based in Scottsdale.