Columbia West Capital News - Southwest Deal Intelligence
09.22.11 Arizona Deal Intelligence - August 2011

 

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          

8/1/2011 Ralph L. Wadsworth Construction Company, Inc. acquired J. Banicki Construction, Inc. for $13.0 million. Under the terms of the transaction, Ralph L. Wadsworth Construction paid $8.0 million plus a payment of up to $5.0 million once Banicki achieves $2.0 million in EBITDA annually. J. Banicki Construction provides highway construction services for public and private clients and is based in Tempe, Arizona.      


8/1/2011   Avnet Inc. (NYSE: AVT) acquired J.C. Tally Trading Co., Ltd. The terms of the transaction were not disclosed. Avnet, together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems and is based in Phoenix, Arizona.      


8/1/2011   Avnet Inc. (NYSE: AVT) acquired Prospect Technology Corporation. The terms of the transaction were not disclosed. Avnet, together with its subsidiaries, distributes electronic components, enterprise computer and storage products, and embedded subsystems and is based in Phoenix, Arizona.      


8/1/2011   Metso Corp. (HLSE:MEO1V) acquired Copperstate Industrial Services, Inc. The terms of the transaction were not disclosed. Copperstate Industrial Services offers manufacturing, fabrication, refurbishment, and repair of precision process machinery and components and is based in Mesa, Arizona.      


8/2/2011   Plastics Color Corporation acquired Polysource, LLC. The terms of the transaction were not disclosed.  Polysource provides plastic products and is based in Scottsdale, Arizona.      


8/2/2011 Apollo Group Inc. (NasdaqGS: APOL) entered into an agreement to acquire Carnegie Learning, Inc. from Carnegie Mellon University, Draper Triangle Ventures, L.P., investment arm of NewSchools Venture Fund and others for $75.0 million, less outstanding debt. Apollo Group provides educational programs and services at the undergraduate, master's, and doctoral levels and is based in Phoenix, Arizona. Kirkland & Ellis LLP served as legal advisor to Apollo Group and McGuireWoods LLP served as legal advisor to Carnegie Learning.      


8/3/2011   Sabrient Systems, LLC acquired Gradient Analytics, Inc. The terms of the transaction were not disclosed. Gradient Analytics offers the forensic accounting, financial-statement, and corporate-governance analysis of public companies based on financial performance and equity valuation and is based in Scottsdale, Arizona.      


8/4/2011   Abidance Consulting acquired Fortech Software Consulting, Inc. from Goldstone Technologies Ltd. (BSE: 531439). The terms of the transaction were not disclosed. Fortech Software Consulting develops and implements business process automation solutions for the manufacturing, energy, hydro, and utility industries and is based in Tempe, Arizona.      


8/5/2011   HannStar Board Corporation (TSEC: 5469) made a proposal to acquire remaining 25.01% stake in HannStar Board International Holdings Ltd (SEHK: 677) from ING Investments LLC and other shareholders for approximately $55.7 million. ING Investments manages equity, fixed income, and balanced mutual funds and fund of funds for its clients and is based in Scottsdale, Arizona.      


8/10/2011   Wildeck Inc. acquired Ladder Industries, Inc. The terms of the transaction were not disclosed. Ladder Industries designs and manufactures custom stairway products and mobile access equipment for industrial and commercial customers and is based in Goodyear, Arizona.      


8/12/2011 Imperial Capital Group and Imperial's portfolio company Petra Pet, Inc. acquired Nutri-Vet, LLC. The terms of the transaction were not disclosed. Nutri-Vet, a leader in the pet nutraceutical sector, markets vitamin-supplements, joint-care, dental-care and other health-focused products for dogs, cats and equines. Osborn Maledon served as legal advisor to Nutri-Vet.      


8/15/2011   Flambeau, Inc. agreed to acquire Mastercraft Companies from Arle Rawlings. The terms of the transaction were not disclosed. Mastercraft Companies engages in designing, engineering, and producing thermoplastics injection and die cast molds, and molding precision components for various industries in the United States and is based in Phoenix, Arizona.      


8/19/2011   Ameresco, Inc. (NYSE: AMRC) acquired APS Energy Services Company, Inc. from Pinnacle West Capital Corporation (NYSE: PNW). The terms of the transaction were not disclosed. Ameresco Southwest provides energy conservation and renewable energy solutions in the Southwest and is based in Tempe, Arizona.      


8/19/2011 Trivantis Corporation acquired Flypaper Studio, Inc. The terms of the transaction were not disclosed. Flypaper Studio provides Flash content management solutions for corporate, education, and government clients and is based in Phoenix, Arizona. Osborn Maledon served as legal advisor to Flypaper Studio.      


8/22/2011 SNTech, Inc. acquired the pool and spa motor business of Regal Beloit Corporation (NYSE: RBC). The terms of the transaction were not disclosed. Phoenix, Arizona-based SNTech is a cleantech innovation company focused on improving energy efficiency with a proprietary range of breakthrough, 'smart' electric motors.  Osborn Maledon served as legal advisor to SNTech.      


8/26/2011   CR & R Incorporated acquired Brice Hauling LLC from Brice and Becky Zeller. The terms of the transaction were not disclosed. C & D Disposal  provides residential and commercial waste collection and recycling services and is based in Yuma, Arizona.      


8/30/2011   DGFastChannel, Inc. (NasdaqGS: DGIT) signed a definitive agreement to acquire chors GmbH and EyeWonder, Inc. from Limelight Networks, Inc. (NasdaqGS: LLNW) for $66.0 million in cash. Limelight provides content delivery network services in North America, Europe, the Middle East, Africa, and the Asia Pacific and is based in Tempe, Arizona. Wilson, Sonsini, Goodrich & Rosati served as  legal advisor to Limelight Networks. Latham & Watkins LLP served as legal advisor to DG FastChannel.    


M&A - Financial    

8/4/2011   The Gores Group LLC acquired the U.S. payment systems business of Hypercom Corp. (NYSE: HYC) and KleinPartners Capital Corp. in conjunction with the acquisition of Hypercom Emea Ltd and Hypercom Spain Sa by Kazem Aminaee. The terms of the transactions were not disclosed. Hypercom Corporation provides electronic payment and transaction solutions, and value-added services at the point of transaction and is based in Scottsdale, Arizona.      


8/14/2011 Emergency Restoration Experts has been recapitalized by a Chicago based Private Equity firm. Financial details were not disclosed. Based in Chandler with additional large scale industrial storage in Tucson, Emergency Restoration is the leading company in the Southwest US for emergency response and disaster mitigation services primarily within the water, fire, storage, mold, crime scene and asbestos sectors. Columbia West Capital served as the exclusive financial advisor to Emergency Restoration. Polsinelli Shughart, PC served as the legal advisor to Emergency Restoration.      


Private Placements

8/24/2011   Cancer Prevention Pharmaceuticals, Inc. announced that it has raised a round of bridge financing. The terms of the transaction were not disclosed. Cancer Prevention Pharmaceuticals engages in the development and production of pharmaceutical agents to prevent cancers in people with elevated risk for these diseases in the United States and is based in Tucson, Arizona.     


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