Columbia West Capital News - Southwest Deal Intelligence
05.24.18 Arizona Deal Intelligence - April 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  

4/3/2018 Performance Inflatables Co., LLC acquired Avon Engineered Fabrications, Inc. from Avon Rubber p.l.c. (LSE:AVON) for $9.3 million. Performance Inflatables designs and manufactures engineered inflatables and is based in Scottsdale.    

4/4/2018 Engenavis, Inc. announced that it will acquire stake in iQ Power Licensing AG. Following the transaction, the new company will be named iQ POWER Inc. Engenavis designs and manufactures energy storage batteries and is based in Scottsdale. Squire Patton Boggs LLP is serving as legal advisor to Engenavis.    

4/4/2018 enChoice, Inc. acquired ImageTag, Inc. The terms of the transaction were not disclosed. ImageTag provides document management solutions and is based in Tempe. enChoice deploys, supports, administers, maintains, and protects end-to-end enterprise content management solutions and services and is based in Tempe.    

4/6/2018 IES Communications, LLC acquired Azimuth Communications Inc. The terms of the transaction were not disclosed. IES Communications offers technology infrastructure services to corporations and independent businesses and is based in Tempe.

4/9/2018 American Traffic Solutions, Inc. acquired Euro Parking Collection Plc. The terms of the transaction were not disclosed. American Traffic Solutions provides traffic safety, mobility, and compliance solutions for state and local governments, commercial fleets, and rental cars and is based in Mesa.    

4/12/2018 Carvana Group, LLC acquired Car360, Inc. for $21.9 million. Carvana Group owns and operates an e-commerce platform for buying used cars and is based in Phoenix.

4/12/2018 Liberty Diversified International, Inc. acquired Preferred Packaging and Crating Inc. The terms of the transaction were not disclosed. Preferred Packaging and Crating manufactures packaging products and supplies and is based in Phoenix. Snell & Wilmer served as legal advisor to Preferred Packaging and Crating.    

4/16/2018 HomeSmart International, LLC acquired Coldwell Banker Trails and Paths. The terms of the transaction were not disclosed. Coldwell Banker Trails and Paths is a real estate agency based in Mesa. HomeSmart International is a real estate brokerage company based in Scottsdale.    

4/20/2018 Eide Bailly LLP agreed to acquire True Cloud Data, LLC. The terms of the transaction were not disclosed. True Cloud Data sells and implements NetSuite software solutions and is based in Tempe.    

4/23/2018 Ground Penetrating Radar Systems, LLC acquired Encompass Inspections LLC. The terms of the transaction were not disclosed. Encompass Inspections offers private utility locating and concrete and building scanning services and is based in Phoenix. Polsinelli PC served as legal advisor to Encompass Inspections.    

4/23/2018 Morsco HVAC Supply acquired Bush Supply Inc. The terms of the transaction were not disclosed. Bush Supply engages in distribution of HVAC products and is based in Phoenix.    

4/26/2018 Global Water Resources, Inc. (NasdaqGM:GWRS) agreed to acquire Turner Ranches Water and Sanitation Company. The terms of the transaction were not disclosed. Turner Ranches Water and Sanitation Company supplies irrigation water to residential customers, fire hydrants, three golf courses, one cemetery, and other common areas and is based in Mesa. Global Water Resources, a water resource management company, owns, operates, and manages regulated water, wastewater, and recycled water utilities and is based in Phoenix.  

4/30/2018 Empire Equipment Company acquired TruTemp Equipment and Norm's Refrigeration. The terms of the transaction were not disclosed. TruTemp Equipment provides commercial food service equipment and aftermarket parts for the food service, hospitality, healthcare and retail industries and is based in Phoenix. Osborn Maledon, P.A. served as legal advisor to TruTemp Equipment and Norm's Refrigeration.  

M&A - Financial  

4/5/2018 ABRY Partners, LLC acquired SiteLock, LLC from UnitedWeb, Inc. The terms of the transaction were not disclosed. SiteLock provides cloud-based technology and website repair services to online businesses and is based in Scottsdale. UnitedWeb is a private equity firm that invests in, owns and operates a portfolio of technology, Internet and Internet related growth companies and is based in Scottsdale.    

4/20/2018 Blackstone Real Estate Advisors acquired the Arizona Biltmore resort from Singaporean sovereign wealth fund GIC for $403.4 million. Operated by MSR Resort Lodging Tenant and part of Hilton's Waldorf Astoria collection, the Arizona Biltmore resort is a 740-room hotel that opened in Phoenix in 1929.  

4/24/2018 3i Group plc (LSE:III) is acquiring a majority stake in International Cruise & Excursions, Inc. ("ICE"). The terms of the transaction were not disclosed. ICE founders John and Marcia Rowley will continue in their leadership roles. The Rowleys and some ICE senior executives are co-investing with 3i Group and will retain a significant minority stake in the company. ICE is an international travel and leisure organization that provides vacation-based loyalty, rewards, and incentive programs to its members and is based in Scottsdale. Loeb & Loeb LLP is serving as legal advisor to International Cruise & Excursions.  

Private Placements

4/4/2018 Re-Bath, LLC announced that it has received recapitalization funding from new investor Yukon Partners Management, LLC. Re-Bath engages in manufacturing and remodeling bathtubs, shower liners, wall surrounds, and accessories and is based in Phoenix.

4/25/2018 CampusLogic, Inc. announced that it has received $55.0 million in a round led by new investor JMI Equity. CampusLogic develops and operates a cloud-based student financial aid engagement platform and is based in Chandler.