Columbia West Capital News - Southwest Deal Intelligence
03.20.12 Utah Deal Intelligence - February 2012

 

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


2/1/2012 Merit Medical Systems, Inc. (NasdaqGS: MMSI) acquired the assets of Ostial Solutions, LLC. Terms of the transaction were not disclosed. Merit Medical Systems designs, develops, manufactures, and markets single-use medical products for interventional and diagnostic procedures worldwide and is based in South Jordan, Utah.


2/1/2012 Veracity Insurance Solutions, LLC acquired Stratus Insurance Services, Inc. Terms of the transaction were not disclosed. Veracity Insurance operates as an insurance brokerage firm in the United States and internationally and is based in Pleasant Grove, Utah. Stratus Insurance focuses on specialty general liability, product liability and program business insurance and is based in Pleasant Grove, Utah.


2/6/2012 The Buckner Company, Inc. acquired Leonardson Insurance. Terms of the transaction were not disclosed. The Buckner Company provides business and personal insurance services and is based in Salt Lake City, Utah.


2/21/2012 Lodgco Management LLC acquired Hawthorn Suites from Zions First National Bank for $5.4 million. Zions First National Bank offers personal and commercial banking services and is based in Salt Lake City, Utah.


2/21/2012 Savant Systems LLC acquired Lite Touch, Inc. from Linear LLC. Terms of the transaction were not disclosed. Lite Touch manufactures lighting control systems for residential and commercial products worldwide and is based in Salt Lake City, Utah.


2/22/2012 Pilot Flying J Inc. agreed to acquire Western Petroleum LLC. Terms of the transaction were not disclosed. Western Petroleum transports and delivers fuels, lubes, and industrial oils in Utah, Nevada, Colorado, and Wyoming and is based in Vernal, Utah.


2/27/2012 Arrow Electronics, Inc. (NYSE:ARW) acquired Asset Recovery Corp. from RockWood Equity Partners LLC, Granite Equity Partners, Search Fund Partners, Peterson Ventures, LLC and others. Terms of the transaction were not disclosed. Peterson Ventures is a venture capital firm specializing in seed, early stage and later stage investment and is based in Salt Lake City, Utah.


2/28/2012 STEALTHbits Technologies, Inc. acquired NetVision, Inc. from vSpring Capital, Gazelle Investments LLC, Novell, Inc. and Prospector Equity Capital L.P. Terms of the transaction were not disclosed. NetVision provides identity management and access related security solutions and is based in American Fork, Utah.


Private Placements


2/15/2012 Adaptive Computing Enterprises Inc. announced that it will receive $6.0 million in equity funding. Adaptive Computing provides intelligent automation software solutions for data center, cloud, and high-performance computing environments and is based in Provo, Utah.


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