Columbia West Capital News - Southwest Deal Intelligence
05.31.08 Arizona Deal Intelligence - May 2008


M&A - Strategic

5/6/08      Microbix Biosystems Inc. (TSX:MBX) announced its intention to acquire Imarx Therapeutics, Inc. (NasdaqSC:IMRX) for $17.0 million. Imarx manufactures a drug which is a clot- dissolving agent used in the treatment of acute massive pulmonary embolism. Imarx is based in Tucson , Arizona .



5/7/08     The Ensign Group, Inc. (NasdaqNM:ENSG) announced it closed the acquisition of a 130-Bed Skilled Nursing Facility in Scottsdale , Arizona for $5.2 million. The 130-Bed Skilled Nursing Facility offers skilled nursing and assisted living services, physical, occupational and speech therapies, and other rehabilitative and healthcare services for both long-term residents and short-stay rehabilitation patients.



5/10/08     Comtech Telecommunications Corp. (NasdaqNM:CMTL) announced its intention to acquire Radyne Corp. (NasdaqNM:RADN) for $223.7 million. Phoenix, Arizona-based Radyne designs, manufactures, and sells products and systems used for the operation of satellite, troposcatter, microwave, and cable communication networks. Radyne is advised by DLA Piper US LLP.



5/13/08     Natural Wellness USA, Inc. announced it closed the acquisition of Massage Envy Limited, LLC for an undisclosed amount. Massage Envy owns and operates a chain of massage clinics and is based in Scottsdale , Arizona .



5/13/08     RSC Holdings, Inc. (NYSE:RRR), a Scottsdale-based company, announced its intention to acquire American Equipment Rentals LLC for an undisclosed amount. RSC engages in the rental of construction and industrial equipment in North America .



5/13/08     NEOGOV, Inc. announced it closed the acquisition of Sigma Data Systems, Inc. for an undisclosed amount. Sigma Data Systems provides applicant tracking and test management software for personnel selection practices in the public sector. Sigma Data Systems is based in Tucson , Arizona .



5/14/08     Stantec, Inc. (TSX:STN) announced its intention to acquire McIntosh Engineering, Inc. for an undisclosed amount. McIntosh provides underground mining engineering and technical services. McIntosh is based in Tempe , Arizona .



5/14/08     SheKnows LLC announced it closed the acquisition of Pregnancy & Baby for an undisclosed amount. Pregnancy & Baby operates as an online Web site for women who are pregnant or planning to conceive. Pregnancy & Baby is based in Scottsdale , Arizona .



5/16/08     Sonepar USA, Inc. announced it closed the acquisition of Essco Wholesale Electric, Inc. for an undisclosed amount. Essco, based in Chandler , Arizona , distributes commercial and residential electrical products in Arizona and Southern California .



5/19/08     Equitable Real Estate announced it closed the acquisition of Russ Lyon Realty Co. for an undisclosed amount. Russ Lyon Realty Company provides residential real estate services and is based in Scottsdale , Arizona .



5/22/08     SuperShuttle International, Inc., based in Scottsdale , Arizona , announced it closed the acquisition of Golden Touch Transportation of NY, Inc. for an undisclosed amount. SuperShuttle provides shared-ride door-to-door ground transportation services to airports and passengers.

 



M&A - Financial

5/12/08     Heritage Partners, Inc. and Black Canyon Capital LLC announced it closed the acquisition of Saunders & Associates, Inc. for an undisclosed amount. Based in Phoenix , Arizona , Saunders & Associates manufactures test and production systems for quartz crystals, oscillators, filters, and components. Saunders & Associates was advised by Snell & Wilmer, L.L.P.



5/12/08     J.H. Whitney & Co., LLC announced it closed the acquisition of FNF Construction, Inc. for an undisclosed amount. FNF Construction is based in Tempe , Arizona and engages in heavy/highway construction and general engineering work in the United States .

 



Private Placements

5/1/08     Secure Medical, Inc., based in Tempe , Arizona , and CellCeuticals Skin Care Inc. announced the closing of their $5.35 million investment in Histogen, Inc. Secure Medical provides solutions for telemedicine, telehealth, and telecare applications.



5/2/08     Zounds, Inc. has announced the closing of a $41.0 million capital raise from Signature Capital LLC and TWJ Capital LLC. Zounds engages in the manufacture, sale, and distribution of hearing aid kits and accessories for people with hearing impairments. Zounds is headquartered in Mesa , Arizona .



5/5/08     iCrossing, Inc. has announced the closing of a $15.0 million capital raise. iCrossing operates as a digital marketing company and is headquartered in Scottsdale , Arizona .



5/5/08     DriveTime Automotive Group, Inc. has announced a $75.0 million capital raise. DriveTime owns and operates a chain of buy-here pay-here car dealerships primarily targeting the sub-prime segment. DriveTime is based in Phoenix , Arizona .



5/19/08     The Tolt Service Group has announced the closing of an undisclosed capital raise from Lake Capital . Tolt is based in Tempe , Arizona and provides on-site maintenance and repair services for all technology devices operated within retail stores, warehouses, and office locations.



5/23/08     InNexus Biotechnology, Inc. (TSXV:IXS) has announced a $4.05 million capital raise. InNexus is a drug development company headquartered in Scottsdale , Arizona .