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

8/1/2017 CoreLogic Solutions, LLC, a wholly owned subsidiary of CoreLogic (NYSE:CLGX), acquired Clareity Ventures, Inc. The terms of the transaction were not disclosed.  Clareity Ventures is a Scottsdale-based provider of real estate software security systems. Gallagher & Kennedy served as legal advisor to Clareity Ventures.    

8/1/2017 Brady Industries, Inc. acquired F&S Distributors. The terms of the transaction were not disclosed. F&S Distributors offers janitorial supply, equipment, industrial, and foodservice distribution services and is based in Tucson.    

8/1/2017 Ipro Tech, LLC acquired inData Corporation. The terms of the transaction were not disclosed. Ipro Tech provides litigation management software for legal professionals and is based in Phoenix. inData develops and provides software solutions for legal professionals worldwide and is based in Gilbert.    

8/2/2017 3Cinteractive, L.L.C. acquired the prime message mobile marketing business unit of CellTrust Corporation. The terms of the transaction were not disclosed. CellTrust provides mobile communication and mobile engagement solutions and is based in Scottsdale.    

8/3/2017 MyHeritage Ltd. acquired Millennia Corporation. The terms of the transaction were not disclosed. Millennia develops a genealogy and family history desktop software and genealogy webinar platform and is based in Surprise.    

8/8/2017 Carvana Co. (NYSE:CVNA) acquired Carlypso from Peterson Ventures, LLC and others. The terms of the transaction were not disclosed. Carvana operates an e-commerce platform for buying used cars in the United States and is based in Phoenix.    

8/10/2017 Direct Vet Marketing, Inc. acquired Atlas Pharmaceuticals. In a related transaction, Direct Vet Marketing acquired Eaton Veterinary Pharmaceutical, Inc. The terms of the transactions were not disclosed. Atlas Pharmaceuticals owns and operates a pharmacy which offers sterile and non-sterile drugs for in-office use and is based in Phoenix. Eaton Veterinary Pharmaceutical, doing business as Roadrunner Pharmacy, operates veterinary compounding pharmacies and is based in Phoenix.    

8/10/2017 Invitation Homes Inc. (NYSE:INVH) agreed to acquire Starwood Waypoint Homes (NYSE:SFR) for $4.4 billion in a merger of equals transaction. Starwood Waypoint Homes, formerly known as Colony Starwood Homes, is a REIT that primarily acquires, renovates, leases, maintains and manages single family homes and is based in Scottsdale. Sidley Austin LLP is serving as legal advisor to Starwood Waypoint Homes.    

8/15/2017 ICON Builders (ICON) and Multi-Family Renovation Group (MFRG) combined to become MFRG-ICON. The terms of the transaction were not disclosed. MFRG-ICON is a construction company with offices in Scottsdale, Arizona and Los Angeles, California. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to MFRG.    

8/15/2017 Jeff Arnold Companies Inc. acquired Arizona Economy Insurance. The terms of the transaction were not disclosed. Jeff Arnold Companies, doing business as RightSure Insurance Group, provides insurance agency and brokerage services in the United States and is based in Tucson. Arizona Economy Insurance provides home and automobile insurance services and is based in Tucson.    

8/15/2017 Branded Cities Network LLC acquired a 50% stake in Clear Channel Canada from Clear Channel Outdoor Holdings, Inc. (NYSE:CCO). The terms of the transaction were not disclosed. Branded Cities Network operates as a digital and media company with iconic signage in iconic destinations in the United States and is based in Phoenix.    

8/16/2017 Applied Medico-Legal Solutions Risk Retention Group, Inc. acquired Fairway Physicians Insurance Company. The terms of the transaction were not disclosed. Applied Medico-Legal Solutions Risk Retention Group provides medical liability insurance to physicians and is based in Phoenix.    

8/17/2017 United Claim Solutions, LLC acquired INETICO, Inc. United Claim Solutions develops payment integrity solutions for third party administrators, self-insured groups, labor and trust organizations, stop-loss carriers, and health plans and is based in Phoenix.

8/22/2017 Avnet, Inc. (NYSE:AVT) acquired Dragon Innovation, Inc. The terms of the transaction were not disclosed. Avnet, together with its subsidiaries, distributes electronic components worldwide and is based in Phoenix.    

8/24/2017 Republic Services, Inc. (NYSE:RSG) agreed to acquire ReCommunity Holdings II, Inc. The terms of the transaction were not disclosed. Republic Services provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services for commercial, industrial, municipal, and residential customers in the United States and Puerto Rico and is based in Phoenix.    

8/28/2017 CSL Behring LLC agreed to acquire Calimmune, Inc. for $416.0 million. Calimmune, a clinical-stage human immunodeficiency virus (HIV) gene medicines company, develops cell-based therapies for HIV and is based in Tucson. Cooley LLP is serving as legal advisor to Calimmune.    

8/30/2017 Chime Technologies, Inc. acquired Geographic Farming LLC. The terms of the transaction were not disclosed. Geographic Farming operates an online data-driven lead generation platform for real estate agents and brokers and is based in Phoenix.

8/30/2017 Super Care Health Inc. acquired substantially all the Respiratory Assets of California of Founders Healthcare, LLC. The terms of the transaction were not disclosed. Preferred Homecare Infusion, LLC, a subsidiary of Founders Healthcare, provides a range of infusion, nutrition, respiratory, and home medical equipment therapies and services across the West and Southwest and is based in Phoenix.     

8/31/2017 Specialized Education of Arizona, Inc. acquired the assets of Phoenix-based Desert Heights Academy II, LLC. The terms of the transaction were not disclosed. Desert Heights Academy provides alternative instructional programs for students with disabilities who are unsuccessful in traditional public schools. In a related transaction Specialized Transportation Services, Inc. acquired the assets of Desert Breeze Transportation, LLC, who provides transportation services for students with disabilities.  Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Desert Heights Academy and Desert Breeze Transportation.

8/31/2017 National Waste Partners announced that it has acquired Environmental Equipment Services and National Compactor Rental. The terms of the transaction were not disclosed. National Waste Partners, through its subsidiaries, provides compactor and baler rentals, repair, and waste coordination services and is based in Phoenix. Environmental Equipment Services and National Compactor Rentals are Phoenix-based equipment rental and service companies. Weiss Brown served as legal advisor to National Waste Partners.

8/31/2017 Pep Boys - Manny, Moe & Jack agreed to acquire Advanced Auto Service & Tire Centers. The terms of the transaction were not disclosed. Paragon Enterprises, doing business as Advanced Auto Service & Tire Centers, provides automotive care services and is based in Mesa.  

8/31/2017 Liberty Utilities Co. agreed to acquire St. Lawrence Gas Company, Inc. for $70.0 million. Liberty Utilities provides water, natural gas, and electric transmission and distribution services to small and mid-sized communities and is based in Avondale.  

M&A - Financial

8/22/2017 Capital Dynamics Holding AG acquired California Flats Solar LLC from First Solar, Inc. (NasdaqGS:FSLR). The terms of the transaction were not disclosed. First Solar provides solar energy solutions in the United States and internationally and is based in Tempe.  

Private Placements

8/18/2017 Amtech Systems, Inc. entered into an underwriting agreement with Roth Capital Partners, LLC relating to a firm commitment underwritten offering of 1,055,000 shares of Amtech's common stock at a price of $9.50 per share. The underwriting granted Roth Capital an option to purchase up to 158,250 additional shares of Amtech's common stock to cover over-allotments, if any. The transaction closed on August 23, 2017. Amtech issued a total of 1,213,250 shares of its common stock. Amtech is a global supplier of solar and semiconductor production and automation systems and related supplies for the manufacture of solar cells, semiconductors, and silicon wafers and is based in Tempe. Squire Patton Boggs served as legal advisor to Amtech.  

8/23/2017 Emailage Corp. announced that it has received $10.0 million in a round of funding led by new investor Anthos Capital, L.P. and including participation from Tallwave Capital and other investors. Emailage develops and delivers a fraud risk assessment and scoring network that assesses digital entity risks and is based in Chandler. Tallwave Capital is a venture capital firm based in Scottsdale.  

Other Transactions

August 2017 - Lincus, Inc.'s shareholders sold 100% of their stock to an Employee Stock Ownership Plan. Lincus offers review service for building mechanical and controls systems design, construction and operation, retro-commissioning, and commissioning services and is based in Tempe. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Lincus.