Columbia West Capital News - Southwest Deal Intelligence
09.30.10 Arizona Deal Intelligence - August 2010


This report is prepared as a courtesy to the Arizona business community by Columbia West Capital, LLC 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 assure 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

8/2/2010 Limelight Networks, Inc. (NasdaqGM: LLNW) acquired Delve Networks, Inc. from Intel Capital, DFJ Frontier, and other shareholders for an undisclosed amount. Based in Tempe, Arizona, Limelight Networks provides content delivery network (CDN) services in the United States, Europe, and the Asia Pacific. Snell & Wilmer L.L.P. served as legal advisor to Limelight Networks.


8/6/2010 VHS of Phoenix, Inc. entered into a definitive agreement to acquire all the assets of Arizona Heart Hospital, LLC from MedCath Corp. (NasdaqGS: MDTH) and physician investors for $32.0 million. Arizona Heart Hospital provides diagnosis and treatment of cardiovascular diseases and is headquartered in Phoenix, Arizona.


8/9/2010 Sigma Foods, Inc. agreed to acquire Bar-S Foods Co. for an undisclosed amount. Based in Phoenix, Arizona, Bar-S Foods produces, markets, and distributes processed meat products in the United States. Snell & Wilmer L.L.P. is serving as legal advisor to Bar-S Foods.


8/16/2010 Cushman & Wakefield, Inc. agreed to acquire Cowen Commercial, LLC from Jonathan Cowen for an undisclosed amount. Based in Phoenix, Arizona, Cowen Commercial is a real estate brokerage company with a focus on restaurants and shopping centers in the United States.


8/18/2010 Airband Communications, Inc. acquired Sparkplug, Inc. from Ignition Partners and other shareholders for an undisclosed amount. Based in Scottsdale, Arizona, Sparkplug provides fixed wireless business broadband services for businesses, government, hospitals, universities, schools, and carriers in 8 states. Snell & Wilmer L.L.P. served as legal advisor to Sparkplug.


8/23/2010 Ventana Medical Systems, Inc. agreed to acquire BioImagene, Inc. from a group of investors for $100.0 million. Based in Tucson, Arizona, Ventana Medical Systems engages in the development, manufacture, and marketing of automated diagnostic instrument and systems for slide-based diagnosis of cancer and infectious diseases. Davis Polk & Wardwell LLP served as legal advisor to Ventana Medical Systems.


8/24/2010 Boston Semi Equipment Group, LLC acquired Test Advantage Hardware, LLC from Test Advantage, Inc. for an undisclosed amount. Test Advantage Hardware manufactures and distributes equipment used in testing semiconductors and is based in Tempe, Arizona. Boston Semi Equipment Group, also based in Tempe, Arizona, distributes semiconductor manufacturing equipment.


8/30/2010 Apothecary Shop Of Scottsdale, Inc. acquired Greater Sacramento Specialty Pharmacy from Tim Le for an undisclosed amount. Based in Scottsdale, Arizona, Apothecary Shop operates a chain of pharmacies in the Southwest and Ohio.


8/30/2010 EGPI Firecreek Inc. (OTCBB: EFIR) signed a binding letter of intent to acquire Terra Telecom, LLC for $6.0 million. EGPI Firecreek, an oil and gas producer, is based in Scottsdale, Arizona.


8/31/2010 Gorman-Rupp Co. (AMEX: GRC) reached an agreement to acquire the business of National Pump Company, LLC for an undisclosed amount. Based in Glendale, Arizona, National Pump Company produces pumps for commercial, residential, and agricultural applications in the United States.


Southwest Windpower, Inc. acquired Deerpath Energy, Inc. from RockPort Capital Partners for an undisclosed amount. Based in Flagstaff, Arizona, Southwest Windpower manufactures wind generators for a range of applications from remote sites to utility-connected homes, industrial, recreation, and farming uses. Snell & Wilmer L.L.P. served as legal advisor to Southwest Windpower.


M&A - Financial

8/17/2010 Grandpoint Capital, Inc. agreed to acquire Bank of Tucson and Southern Arizona Community Bank from Capitol Bancorp Limited (NYSE: CBC) for $40.0 million. Based in Tucson, Arizona, the combined operations of Bank of Tucson and Southern Arizona Community Bank provide banking services to individuals and companies in Arizona.


Private Placements

8/18/2010 Lake Valley Petroleum LLC announced that it will raise $36.0 million of equity funding. Lake Valley Petroleum, an oil and gas company, is based in Scottsdale, Arizona.


For deal submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.