Columbia West Capital News - Southwest Deal Intelligence
04.23.18 Arizona Deal Intelligence - March 2018


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  

3/1/2018 Microchip Technology Incorporated (NasdaqGS:MCHP) agreed to acquire Microsemi Corporation (NasdaqGS:MSCC) for $10.3 billion. Microchip Technology develops, manufactures, and sells semiconductor products for various embedded control applications and is based in Chandler. Wilson Sonsini Goodrich & Rosati served as legal advisor to Microchip Technology.    

3/1/2018 American Traffic Solutions, Inc. acquired an unknown majority stake in Highway Toll Administration, LLC. The terms of the transaction were not disclosed. American Traffic Solutions provides traffic safety, mobility, and compliance solutions and is based in Mesa.

3/1/2018 Midstate Energy, LLC acquired Urban Energy Solutions, Inc. The terms of the transaction were not disclosed. Urban Energy Solutions offers electrical construction and related services and is based in Phoenix. Midstate Energy provides development, design, and engineering services relating to infrastructure upgrades and energy efficient, asset sustainability solutions to the municipal market in Arizona and is based in Phoenix.

3/6/2018 Penske Media Corporation acquired SheKnows, LLC. The terms of the transaction were not disclosed. SheKnows operates a women's lifestyle digital media platform and is based in Scottsdale. Ballard Spahr LLP served as legal advisor to SheKnows.

3/7/2018 Custom Molded Products, LLC acquired Saline Generating Systems, LLC. The terms of the transaction were not disclosed. Saline Generating Systems manufactures commercial and residential saltwater chlorination systems and is based in Tempe.

3/7/2018 DeLex Realty, LLC acquired US Preferred Realty, Inc. The terms of the transaction were not disclosed. US Preferred Realty operates as a real estate agency and is based in Mesa. DeLex Realty operates as a real estate agency and is based in Phoenix.

3/13/2018 iBid4storage.com, Inc. acquired SelfStorageAuction.Com. The terms of the transaction were not disclosed. SelfStorageAuction.Com operates an online auction platform and is based in Phoenix.

3/16/2018 Knight Transportation Inc. acquired Abilene Motor Express, Inc. The terms of the transaction were not disclosed. Knight Transportation provides multiple truckload transportation services and is based in Phoenix.

3/18/2018 InEight Inc. agreed to acquire QA Software Pty Ltd. The terms of the transaction were not disclosed. InEight provides project cost management for owners, EPCMs, and contractors and is based in Scottsdale.

3/21/2018 Digital Air Strike Company acquired Eldercare Technology Inc. The terms of the transaction were not disclosed. Digital Air Strike Company provides social media marketing and reputation management solutions for auto dealers and is based in Scottsdale.

3/22/2018 Elbit Systems Ltd. (TASE:ESLT) agreed to acquire Universal Avionics Systems Corporation. The terms of the transaction were not disclosed. Universal Avionics Systems designs, engineers, develops, manufactures, sells, markets, and supports avionics systems for large turbine aircraft, helicopters, and special missions markets and is based in Tucson.

3/29/2018 Wick Communications Company acquired The World Publishing Company. The terms of the transaction were not disclosed. Wick Communications publishes newspapers, Websites, magazines, and other specialty publications and is based in Sierra Vista.  

M&A - Financial

3/30/2018 Clearview Capital, LLC acquired Community Medical Services Holdings, LLC. The terms of the transaction were not disclosed. Community Medical Services operates 12 opioid treatment clinics providing counseling and methadone/suboxone maintenance treatment and is based in Scottsdale. Steptoe & Johnson LLP served as legal adviser to Community Medical Services.

Private Placements

3/5/2018 Actourex, Inc. announced that it has received $8.0 million in its Series A round of funding led by Vertical Venture Partners and including participation from Tallwave Capital and other investors. Tallwave Capital is a venture capital firm specializing in investments in seed and early stage companies and is based in Scottsdale.

3/14/2018 NeoLight, LLC announced that it will raise $9.9 million of funding from undisclosed investors. NeoLight designs medical equipment for eradication of preventable infant medical conditions such as jaundice and hypothermia and is based in Scottsdale.

3/16/2018 Urgent Specialists Management, LLC announced that it will receive $10.0 million in funding from undisclosed investors. Urgent Specialists Management owns and operates an urgent care facility and is based in Tucson.

3/29/2018 World View Enterprises, Inc. announced that it has received $27.0 million from Accel Partners, Canaan Partners, and Norwest Venture Partners. World View Enterprises provides space travel services to individuals for research, educational, and scientific pursuits and is based in Tucson.