Columbia West Capital News - Southwest Deal Intelligence
06.25.18 Arizona Deal Intelligence - May 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

5/1/2018 Acuity Brands, Inc. (NYSE:AYI) acquired IOTA Engineering, L.L.C. The terms of the transaction were not disclosed. IOTA Engineering designs and manufactures emergency lighting equipment for commercial, institutional, national, and international applications and is based in Tucson.

5/1/2018 Stryker Sustainability Solutions, Inc., a subsidiary of Stryker Corporation, acquired Hygia Health Services, Inc. The terms of the transaction were not disclosed. Stryker Sustainability Solutions provides medical devices reprocessing, remanufacturing, and consultation services for hospitals and surgery centers and is based in Tempe.

5/2/2018 Waste Connections, Inc. (NYSE:WCN) acquired Right Away Disposal, L.L.C. The terms of the transaction were not disclosed. Right Away Disposal provides solid waste collection, recycling, transfer, and disposal services and is based in Apache Junction.

5/3/2018 Axon Enterprise, Inc. (NasdaqGS:AAXN) acquired VIEVU LLC from Safariland, LLC for $12.9 million. Axon develops, manufactures, and sells conducted electrical weapons worldwide and is based in Scottsdale.

5/3/2018 MedPlast Inc. agreed to acquire the Advanced Surgical and Orthopedics product lines from Greatbatch Ltd. and Integer Holdings Corporation (NYSE:ITGR) for $600.0 million. MedPlast provides integrated custom plastic processing solutions for finished medical devices and is based in Tempe.

5/3/2018 Clopay Building Products Company, Inc. agreed to acquire CornellCookson, Inc. for $180.0 million. CornellCookson engages in the manufacture and sale of rolling doors and grilles and is based in Goodyear.

5/4/2018 Samuel, Son & Co., Limited acquired CAID Industries, Inc. The terms of the transaction were not disclosed. CAID Industries provides general engineering contracting, structural steel erection, tank fabrication, custom fabrication, ventilation work, and sheet metal work services and is based in Tucson.

5/7/2018 Arizona Nutritional Supplements, LLC acquired FDC Vitamins, LLC, dba Nutri-Force Nutrition, from VS Hercules LLC for $15.0 million. Arizona Nutritional Supplements develops, produces, packages, and distributes nutritional supplements and is based in Chandler.

5/9/2018 ON Semiconductor Corporation (NasdaqGS:ON) acquired SensL Technologies, Ltd. The terms of the transaction were not disclosed. ON Semiconductor Corporation manufactures and sells semiconductor components for various electronic devices and is based in Phoenix.

5/15/2018 ZIVELO, Inc. acquired Oak Labs, Inc. The terms of the transaction were not disclosed. ZIVELO is a computing technology company that designs and manufactures self-service kiosk and digital signage and is based in Scottsdale.

5/17/2018 Envision Healthcare Corporation (NYSE:EVHC) acquired Horizon Eye Specialists & Lasik Center. The terms of the transaction were not disclosed. Horizon Eye Specialists & Lasik Center operates eye care centers that offer eye care services and is based in Phoenix.

5/21/2018 RightSure Insurance Group Inc. acquired ETNA Insurance Agency, Inc. The terms of the transaction were not disclosed. ETNA provides personal and commercial insurance brokerage services and is based in Tucson. RightSure provides insurance agency services and is based in Tucson.

5/25/2018 4B's Holdings, Inc., a subsidiary of Star Buffet, Inc. (OTC:STRZ), agreed to acquire Frosty Freez, Inc. The terms of the transaction were not disclosed. Star Buffet, through 8 independently capitalized subsidiaries, is a multi-concept restaurant holding company with 27 restaurants in 10 states and is based in Scottsdale.

M&A - Financial

5/2/2018 Arizona State Retirement System acquired a 50% stake in Mill Creek Residential Trust LLC for $550.0 million. Arizona State Retirement System provides retirement, disability, survivors', and health insurance benefits for state employees, including university faculty and employees of the state's political subdivisions and is based in Phoenix.

5/8/2018 Gulf Coast Bank and Trust Company acquired Phoenix Capital Group, LLC. The terms of the transaction were not disclosed. Phoenix Capital Group provides freight factoring, equipment financing, and fuel card solutions to the transportation services market and is based in Phoenix.

6/4/2018 JPMorgan Chase Funding Inc. acquired IMH Financial Corporation for $22.0 million. IMH operates as a real estate investment and finance company and is based in Scottsdale. Ulmer & Berne LLP served as legal advisor to IMH.

Private Placements

5/4/2018 Kona Grill, Inc. (NasdaqGM:KONA) announced that it has received $5.6 million from existing investor Ahwanova Limited and Kona Grill's President and CEO, Berke Bakay. Kona Grill owns and operates upscale casual restaurants under the Kona Grill brand name and is based in Scottsdale.

5/16/2018 OfferPad, LLC announced that it has received $150.0 million in a round of equity and debt funding led by returning investor LL Funds LLC. OfferPad operates an online platform that helps homeowners sell their homes to buyers and is based in Gilbert.

5/16/2018 Arizona Isotopes Science Research Corp. announced that it will receive $50.0 million in funding. As of May 30, 2018, the company has received $15.0 in its first tranche from 10 investors. Arizona Isotopes Science Research provides isotope development for research and applications and is based in Phoenix.

5/24/2018 Infusionsoft, Inc. announced that it has received $7.5 million in a round of funding from nine investors. Infusionsoft develops sales and marketing software for small businesses and is based in Chandler.

5/30/2018 GPS Insight, LLC announced that it has received a round of funding from new investor Bregal Sagemount. GPS Insight provides GPS fleet tracking software and E-log solutions for businesses and government agencies with mobile assets and is based in Scottsdale.