Columbia West Capital News - Southwest Deal Intelligence
01.19.18 Arizona Deal Intelligence - December 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

12/1/2017 CooperVision, Inc. acquired Paragon Vision Sciences, Inc. for $80.0 million. Paragon Vision Sciences manufactures specialty contact lenses and is based in Mesa.

12/1/2017 JH Rhodes Company, Inc. acquired the surface-polishing pads and materials business from J.I. Morris Co. The terms of the transaction were not disclosed. The J.I. Morris business will be incorporated into Universal Photonics' JH Rhodes Co. JH Rhodes manufactures polyurethane pads and is based in Phoenix.  

12/6/2017 DF Institute, LLC agreed to acquire The College for Financial Planning Institutes Corporation from Apollo Education Group, Inc. The terms of the transaction were not disclosed. Apollo Education Group owns several for-profit educational institutions and is based in Phoenix.  

12/7/2017 GlobalTranz Enterprises, Inc. acquired APEX Logistics Group. The terms of the transaction were not disclosed. GlobalTranz Enterprises provides freight services in the United States and is based in Scottsdale.  

12/19/2017  Williams Sound, LLC acquired Pointmaker, LLC. The terms of the transaction were not disclosed. Pointmaker manufactures video annotation systems and is based in Tucson.  

12/19/2017 Winsupply Inc. and Don Helmlinger Jr. acquired Thomas Pipe & Supply Co. The terms of the transaction were not disclosed. Thomas Pipe is an industrial supplies and materials distributor and is based in Phoenix.  

12/20/2017 Sunrise Sanitation Service, Inc., a subsidiary of Republic Services, Inc., agreed to acquire Preston Sanitation, Inc. The terms of the transaction were not disclosed. Republic Services is a provider of non-hazardous solid waste collection, transfer, disposal, recycling, and energy services in the United States and is based in Phoenix.    

M&A - Financial

12/11/2017 Iron Mountain Incorporated agreed to acquire equity interest in IO Data Centers LLC for $1.4 billion. IO Data Centers provides colocation and cloud services to businesses and governments worldwide and is based in Phoenix. Simpson Thacher & Bartlett LLP served as legal advisor to IO Data Centers.  

12/27/2017  Lateral Investment Management LLC agreed to acquire all assets and business of Green Valley Hospital, LLC for $31.5 million. Green Valley Hospital owns and operates a hospital in Arizona and is based in Green Valley. Forrester & Worth, PLLC served as legal advisor to Green Valley Hospital.  

Private Placements

12/4/2017 Carvana Co. announced that it has entered into an investment agreement to receive funding of $100.0 million led by Dundon Capital Partners LLC. Carvana Co. operates an e-commerce platform for buying used cars and is based in Tempe.  

12/4/2017 AdviNow, Inc. announced that it will receive $6.0 million in a round of funding. The company will issue unsecured convertible promissory notes in the transaction. AdviNow provides artificial intelligence solutions to healthcare companies and is based in Scottsdale.

12/5/2017 Branded Cities Network LLC announced that it has received a round of funding from new investor Shamrock Capital Advisors, LLC. Branded Cities Network operates as a digital and media company and is based in Phoenix. Ropes & Gray served as legal advisor to Branded Cities Network.  

12/18/2017 Levine Investments, LP agreed to acquire a 14.4% stake in Global Water Resources, Inc. for $26.3 million. Levine Investments invests in corporate transactions and real estate development and is based in Phoenix.  

12/27/2017 GE Aviation agreed to acquire an additional 18% stake in Arcam AB from Elliott Management Corporation and Polygon Investment Group Inc. for $155.6 million. Polygon, doing business as Spectrac Suspension Center, offers vehicle suspension maintenance and repair services and is based in Gilbert.