Columbia West Capital News - Southwest Deal Intelligence
09.25.18 Arizona Deal Intelligence - August 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

8/1/2018 Insight Enterprises, Inc. (NasdaqGS:NSIT) acquired Cardinal Solutions Group, Inc. for $79.0 million. Insight Enterprises provides information technology, hardware, software, and service solutions for small and medium sized firms, enterprises, governments, schools, and health care organizations and is based in Tempe.

8/2/2018 Hexagon AB (OM:HEXA B) acquired Guardvant, Inc. The terms of the transaction were not disclosed. Guardvant provides fatigue monitoring and collision avoidance equipment and technology and is based in Tucson.

8/14/2018 SuperShuttle International, Inc. acquired Go Lorries Airport Shuttle. The terms of the transaction were not disclosed. SuperShuttle provides shared-ride airport shuttle services and is based in Phoenix.

8/15/2018 GlobalTranz Enterprises, Inc. acquired SynchOne, LLC. The terms of the transaction were not disclosed. GlobalTranz provides freight management services for shippers and is based in Scottsdale.

8/20/2018 Epcor Water (USA) Inc. agreed to acquire Rio Verde Utilities, Inc. The terms of the transaction were not disclosed. Rio Verde Utilities provides regulated water and wastewater connection services and is based in Rio Verde. Epcor Water builds, owns, and operates water and wastewater treatment facilities and is based in Phoenix.

8/20/2018 Hemisphere Gnss (Usa) Inc. acquired assets of Outback Guidance Business of AgJunction Inc. (TSX:AJX). The terms of the transaction were not disclosed. Hemisphere GNSS designs and manufactures positioning products and is based in Scottsdale.

8/21/2018 Serta Simmons Bedding, LLC agreed to acquire Fosbrooke, Inc., dba Tuft & Needle. The terms of the transaction were not disclosed. Tuft & Needle manufactures and distributes mattresses and is based in Phoenix. Fenwick & West LLP is serving as legal advisor to Tuft & Needle.

8/23/2018 Hayward Industries, Inc. agreed to acquire Paramount Leisure Industries, Inc, dba Paramount Pool & Spa Systems. The terms of the transaction were not disclosed. Paramount Pool & Spa Systems engages in the research, development, manufacture, and distribution of pool and spa related products and is based in Chandler.

8/27/2018 The Allstate Corporation (NYSE:ALL) agreed to acquire InfoArmor, Inc. for $525.0 million. InfoArmor works in identity protection and advanced threat intelligence and is based in Scottsdale.

8/28/2018 Rogers Corporation (NYSE:ROG) acquired Dielectric and Lamination Manufacturing Assets of Isola USA Corp. The terms of the transaction were not disclosed. Isola is a supplier of semiconductor material and is based in Chandler. Rogers designs, develops, manufactures, and sells engineered materials and components and is based in Chandler.

8/31/2018 Troon Golf, LLC acquired Cliff Drysdale Management, Inc. The terms of the transaction were not disclosed. Troon Golf operates as a golf management, development, and marketing company and is based in Scottsdale. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Troon Golf.

M&A - Financial

8/13/2018 H.I.G. Growth Partners, LLC and hospice industry executives Glen Cavallo and Jeff Lang acquired Sage Hospice LLC. The terms of the transaction were not disclosed. Sage Hospice provides hospice and palliative care services to patients with life limiting illness and is based in Scottsdale.

8/27/2018 Baum Capital Partners Management, LLC, Tree Line Capital Partners, LLC and Goettl's CEO, Ken Goodrich, acquired Goettl Air Conditioning, Inc. in a recapitalization transaction. The terms of the transaction were not disclosed. Goettl Air Conditioning provides repair, installation, and replacement services for air conditioning and heating systems in commercial and residential markets and is based in Tempe.

Private Placements

8/1/2018 Naked Labs, Inc. announced that it has received $14.0 million in its Series A round of funding led by Founders Fund with participation from Venture51 Capital Fund LLP and other investors. Venture51 Capital Fund is a venture capital firm based in Phoenix.

8/22/2018 LaserMasters LLC, dba LMI Solutions Inc., announced that it has received a round of funding from new investor Turnspire Capital Partners LLC. The terms of the transaction were not disclosed. LMI Solutions manufactures, distributes, and recycles replacement toner cartridges, remanufactured printers, and related imaging supplies to resellers and is based in Phoenix.

8/28/2018 Hitachi Construction Machinery Co., Ltd. (TSE:6305) acquired a 33.3% stake in Acme Lift Company, LLC. Acme rents hi-reach booms, telehandlers and large air compressors exclusively wholesale to rental companies and is based in Mesa.

8/28/2018 Dermavant Sciences, Inc. announced that it has received a strategic investment of $100.0 million from NovaQuest Capital Management, L.L.C. Dermavant Sciences is a biopharmaceutical company that develops prescription therapies for dermatologic diseases and is based in Phoenix.

8/29/2018 SOCI, Inc. announced that it has received $10.5 million in its Series B round of funding led by existing investor Vertical Venture Partners with participation from Grayhawk Capital, LLC, Tallwave Capital and other investors. Grayhawk Capital is a venture capital firm based in Phoenix. Tallwave Capital is a venture capital firm based in Scottsdale.