Columbia West Capital News - Southwest Deal Intelligence
06.23.17 Arizona Deal Intelligence - May 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  

5/1/2017 Solterra of Arizona, LLC acquired Friendship Villas at La Cholla assisted living facility. The terms of the transaction were not disclosed. Solterra of Arizona, doing business as Solterra Senior Living, owns and operates senior living communities and is based in Scottsdale. Friendship Villas at La Cholla is an assisted living facility based in Tucson.    

5/3/2017 Best Western International, Inc. acquired Fenix Hospitality Sweden AB. The terms of the transaction were not disclosed. Best Western operates a chain of hotels in the eastern United States, Canada, and internationally and is based in Phoenix.    

5/8/2017 Electronics for Imaging, Inc. (NasdaqGS:EFII) acquired CRC Information Systems, Inc. from The Reynolds and Reynolds Company. The terms of the transaction were not disclosed. CRC Information Systems develops and provides business management software solutions for the print and graphic arts industry and is based in Scottsdale.    

5/8/2017 Pinnacle Plan Design, LLC acquired Kollman & Associates, Ltd. The terms of the transaction were not disclosed. Pinnacle Plan Design, a third party administrator, provides retirement plan design, plan document preparation and maintenance, actuarial consulting, and plan administration and compliance services and is based in Tucson. Kollman & Associates provides retirement plan administration, actuarial, and consulting services and is based in Chandler.    

5/11/2017 Paradigm Tax Group, LLC acquired TurboAppeal Inc. The terms of the transaction were not disclosed. Paradigm Tax Group provides outsourced property tax management services to commercial property owners and is based in Phoenix.    

5/16/2017 GlobalTranz Enterprises, Inc. acquired Logistics Planning Services. The terms of the transaction were not disclosed. GlobalTranz Enterprises provides freight management services for shippers and is based in Scottsdale.    

5/19/2017 Evolve IP, LLC acquired Azzaron, Inc. The terms of the transaction were not disclosed. Azzaron provides cloud computing services and is based in Mesa.    

5/22/2017 Shamrock Foods Company acquired Dee's Foodservice-Abq Inc. The terms of the transaction were not disclosed. Shamrock Foods produces and distributes dairy products, frozen foods, fresh fruits and vegetables, meats, fish, and institutional foodservice supplies and equipment and is based in Phoenix.    

5/23/2017 Elm Street Technology, LLC acquired Consolidated Knowledge, LLC. The terms of the transaction were not disclosed. Consolidated Knowledge provides technology solutions and creative design for the real estate industry and is based in Scottsdale.    

5/24/2017 Global Water Resources, Inc. (NasdaqGM:GWRS) acquired Eagletail Water Company. The terms of the transaction were not disclosed. Global Water Resources, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities and is based in Phoenix. Eagletail Water Company is a water supply company based in Tonopah.    

5/25/2017 Hub Group Trucking, Inc. agreed to acquire Estenson Logistics, LLC for $294.5 million. Estenson Logistics offers road transportation of freight and logistics services and is based in Mesa. Lewis Brisbois Bisgaard & Smith LLC is serving as legal advisor to Estenson Logistics.    

5/31/2017 HomeSmart International, LLC acquired Cherry Creek Properties LLC. The terms of the transaction were not disclosed. HomeStart operates as a real estate brokerage company and is based in Phoenix.    

5/31/2017 PaleoWest, LLC acquired substantially all of the assets of William Self Associates, Inc. The terms of the transaction were not disclosed. PaleoWest conducts solution-centered archaeological compliance projects for clients in government agencies and a variety of private industries. Squire Patton Boggs served as legal advisor to PaleoWest.  

5/31/2017 Salt River Project Agricultural Improvement and Power District acquired the assets owned by Gila River Power, LLC, which consisted of a 585 MW power block and related assets at the Gila River Power Station, located near Gila Bend. Jennings, Strouss & Salmon, PLC served as legal advisor to SRP.  

M&A - Financial

5/15/2017 Beecken Petty O'Keefe & Company acquired a majority stake in Cranial Technologies, Inc. Cranial Technologies operates clinics to provide plagiocephaly treatment for babies with misshapen heads and deformities and is based in Tempe. Paul Hastings LLP and Arent Fox LLP served as legal advisors to Cranial Technologies.  

Private Placements

5/25/2017 Icagen-T, Inc. received $8.0 million in funding from a single investor. Icagen-T provides contract based research and offers compound testing and maintenance of chemical libraries and is based in Oro Valley.