Columbia West Capital News - Southwest Deal Intelligence
09.21.11 Utah Deal Intelligence - August 2011

 

This report is prepared as a courtesy to the Utah 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. Ralph L. Wadsworth Construction engages in the heavy civil construction business and is based in Draper, Utah.      


8/4/2011 Fusion-io, Inc. (NYSE: FIO) entered into a definitive agreement to acquire IO Turbine, Inc. from Merus Capital, Lightspeed Venture Partners and other investors for $95.0 million. Fusion-io focuses on the development, marketing, and sale of storage memory platforms for data decentralization and is based in Salt Lake City, Utah. White & Lee LLP is serving as legal advisor to IO Turbine.      


8/9/2011 Silencerco agreed to acquire SWR Manufacturing, LLC. The terms of the transaction were not disclosed. Silencerco manufactures gun silencers and suppressors and is based in West Valley City, Utah.      


8/9/2011 Veracity Networks, LLC agreed to acquire assets of XStream Systems, Inc. The terms of the transaction were not disclosed. Veracity Networks operates as a telecommunications provider for commercial/business and residential customers and is based in Provo Utah. The Bayard Firm is serving as legal advisor to Xstream Systems.      


8/22/2011 Backcountry.com, Inc. acquired Competitive Cyclist. The terms of the transaction were not disclosed. Backcountry.com operates as an online retailer of high-end outdoor gear and is based in West Valley City, Utah.      


8/23/2011 Signal Peak Ventures acquired substantially all of the venture capital assets of The Canopy Group. The terms of the transaction were not disclosed. Canopy Group is a venture capital firm specializing in early stage investments and is based in Lindon, Utah. Signal Peak Ventures is a venture capital firm specializing in early-stage investments and is based in Salt Lake City, Utah.      


8/31/2011 Skullcandy, Inc. (NasdaqGM: SKUL) acquired Kungsbacka 57 AB from 57 North AB for $18.6 million. Skullcandy develops and distributes headphones and other audio accessories to retailers in the United States and to distributors in various countries worldwide and is based in Park City, Utah.      


M&A - Financial       

8/26/2011 Baird Capital Partners agreed to acquire Harris Research, Inc. from The Home Depot, Inc. The terms of the transaction were not disclosed. Harris Research provides carpet and upholstery cleaning services worldwide and is based in Logan, Utah. Paul, Hastings, Janofsky & Walker LLP is serving as legal advisor to Home Depot.    


Private Placements     

8/2/2011 Campus Book Rentals, Inc. announced that it has received over $20.0 million in its second round of funding led by Five Elms Capital, Level Equity Partners, and Cherokee & Walker Ventures, LLC. Campus Book Rentals provides new and used text books for rental through its Website to students in various college campuses in the United States and is based in Ogden, Utah.      


8/11/2011 Grant Victor, Inc. announced that it has received funding from new investor, Endeavour Capital, Inc. The terms of the transaction were not disclosed. Grant Victor, through its subsidiaries, operates as a retailer of ATM machines, parts, and supplies and is based in Kaysville, Utah.      


8/5/2011 HzO, Inc. announced that it will raise $7.0 in a round of equity funding. In the course of the transaction, Zagg, Inc. (NASDAQ: ZAGG), along with its three executives and an investor syndicate including Harris & Harris Group, Inc., Pike Capital Management LLC and Prudence Holdings acquired a minority stake in HzO from Northwest Maritime Institute, Inc. HzO manufactures industrial coatings and is based in Salt Lake City, Utah.       


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