Columbia West Capital News - Southwest Deal Intelligence
01.16.13 Arizona Deal Intelligence - December 2012


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 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 

12/5/2012 Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) signed a definitive merger agreement to acquire McMoRan Exploration Co. (NYSE:MMR)for $2.4 billion and Plains Exploration & Production Company (NYSE:PXP) for $6.5 billion in cash. Freeport-McMoRan Copper & Gold engages in the exploration, mining, and production of mineral resources and is based in Phoenix, Arizona. Wachtell, Lipton, Rosen & Katz is serving as legal advisor to Freeport-McMoRan Copper & Gold.   

12/5/2012 GHX Industrial, LLC acquired the assets of Express Hose & Fittings II, LLC. The terms of the transaction were not disclosed. Express Hose & Fittings sells and retails hydraulic hose and fitting components and is based in Phoenix, Arizona.   

12/6/2012 SePRO Corporation acquired the aquatic herbicide business ofNovaSource. The terms of the transaction were not disclosed. NovaSource develops, produces, and markets crop protection chemicals for customers in the United States and internationally. NovaSource is based in Phoenix, Arizona.   

12/7/2012 Earnhardt Arizona Properties LLC acquired Legends Cadillac Oldsmobile LLC for approximately $10.0 million. Earnhardt Cadillac, Inc. owns and operates new and used dealerships for Cadillac cars and is based in Scottsdale, Arizona.   

12/12/2012 Taylor Morrison, Inc. entered into a purchase agreement to acquire Darling Homes LLC. The terms of the transaction were not disclosed. Taylor Morrison operates as a home building company in the United States and Canada and is based in Scottsdale, Arizona.   

12/13/2012 Avnet Electronics Marketing agreed to acquire substantially all of the operating assets of Universal Semiconductor, Inc. The terms of the transaction were not disclosed. Avnet Electronics Marketing operates as a technology marketing, distribution, and services company and is based in Phoenix, Arizona.   

12/14/2012 Manheim Auctions, Inc. acquired Ready Auto Transport LLC. The terms of the transaction were not disclosed. Ready Auto Transport provides door-to-door auto transport services in the continental United States and is based out of Mesa, Arizona.   

12/17/2012 Ladd Gardner Aviation Insurance Agency, Inc. acquired Cannon Aviation Insurance, Inc. The terms of the transaction were not disclosed. Cannon Aviation Insurance provides aviation insurance products and services and is based in Scottsdale, Arizona.   

12/19/2012 SRP has signed a purchase agreement to acquire a portion of theMesquite Power Generation Station and related water rights land in Maricopa County for approximately $370.0 million from affiliates of Sempra Energy. SRP engages in the ownership and operation of an electric system that generates purchases, transmits, and distributes electric power and energy in the United States.  Jennings Strouss is serving as legal advisor to SRP.   

12/20/2012 All Covered, Inc. acquired InterTech Computer Products, Inc.The terms of the transaction were not disclosed. InterTech provides IT solutions and services for businesses in the United States and is based in Phoenix, Arizona.   

12/21/2012 Axiomtek USA entered into a definitive agreement to acquireMethuen business unit from Suntron Corp. The terms of the transaction were not disclosed. Suntron, together with its subsidiaries, provides integrated electronic manufacturing services and commercial off the shelf technology (COTS) design solutions and is based in Phoenix, Arizona.   

12/31/2012 Moog Inc. acquired Broad Reach Engineering Company for approximately $48.0 million. Broad Reach is a leading designer and manufacturer of spaceflight electronics and software for aerospace, scientific, commercial and military missions and is based in Golden, Colorado with an additional office in Tempe, Arizona. Osborn Maledon, PA served as legal advisor to Broad Reach.  

M&A - Financial

12/17/2012 Great Hill Partners, LLC acquired SheKnows LLC. The terms of the transaction were not disclosed. SheKnows operates a women's lifestyle website. SheKnows is based in Scottsdale, Arizona.

Private Placements

12/5/2012 Trax Technologies, Inc. announced that it will raise $10.2 million in equity financing. Trax Technologies provides LSP accounts receivable management, shipper freight audit and payment, strategic business intelligence, and working capital optimization solutions in the United States and internationally. Trax Technologies is based in Scottsdale, Arizona.   

12/10/2012 Naumann/Hobbs Material Handling, Inc. announced that it has received a mezzanine investment from new investor Graycliff Partners. The terms of the transaction were not disclosed. Naumann/Hobbs sells, rents, services, and supports material handling equipment and is based in Phoenix, Arizona.   

12/14/2012 SNTech held an initial closing of its Series B Preferred Stock financing led by SAIL Capital Partners and Greener Capital Partners. The terms of the transaction were not disclosed. SNTech designs and produces highly efficient, smart electric motors known as electronically commutated motors (ECMs) and is based in Phoenix, Arizona. Osborn Maledon, PA served as legal advisor to SNTech.   

12/20/2012 Infusion Software, Inc. dba Infusionsoft completed a Series C financing of $54.0 million led by Goldman Sachs in an equity round of funding. Infusionsoft has raised $71.0 million in venture funding to date. Infusionsoft provides all-in-one sales and marketing software for CRM, marketing and e-commerce, to help small businesses and is based in Gilbert, Arizona. Osborn Maledon, PA served as legal advisor to Infusionsoft.    

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