Arizona Deal Intelligence - August 2023
This report is prepared as a courtesy to the Arizona business community by Columbia West 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 ensure 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
8/1/2023 The Middleby Corporation (NasdaqGS:MIDD) acquired Trade-Wind Manufacturing LLC. The terms of the transaction were not disclosed. Trade-Wind designs and manufactures ventilation products for indoor and outdoor residential use and is based in Phoenix.
8/2/2023 e4health acquired eCatalyst Healthcare Solutions. The terms of the transaction were not disclosed. eCatalyst provides outsourced medical coding, auditing, clinical documentation integrity, and health information management services to U.S.-based hospitals and healthcare systems and is based in Phoenix.
8/3/2023 Kiterocket acquired Action Mary. The terms of the transaction were not disclosed. Kiterocket offers marketing and public relations services and is based in Phoenix.
8/7/2023 Camping World Holdings, Inc. (NYSE:CWH) agreed to acquire RV Arizona Consignment Specialists. The terms of the transaction were not disclosed. RV Arizona is an RV consignment dealer that sells new and used RVs and is based in El Mirage.
8/8/2023 Allure Labs, LLC acquired Kleen Concepts, LLC. The terms of the transaction were not disclosed. Kleen provides specialized development, manufacturing, account management, and turnkey services to beauty and personal care brands and is based in Scottsdale.
8/9/2023 Sodius Corp. agreed to acquire 321 Gang, Inc. The terms of the transaction were not disclosed. 321 operates as an IT consulting company that helps enterprises to accelerate the engineering and development of large, engineered systems and is based in Scottsdale.
8/9/2023 Clearstory Technologies, Inc. acquired DataStreet LLC. The terms of the transaction were not disclosed. Data Street designs and develops a cloud-based project management platform for sub-contractors and is based in Gilbert.
8/9/2023 ActualMeds acquired SRx Consultant Group. In a related transaction, ActualMeds also acquired Senior Care Consultants Group. The terms of the transactions were not disclosed. SRx provides comprehensive medication management services and is based in Gilbert.
8/10/2023 Beach Fleischman & Co., P.C. acquired unknown majority stake in Kuadra Support. The terms of the transaction were not disclosed. Beach Fleischman is a public accounting and consulting firm based in Tucson.
8/10/2023 WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired A&M Cold Storage and Cold Box, Inc. The terms of the transactions were not disclosed. WillScot provides work space and portable storage solutions in the U.S., Canada, and Mexico and is based in Phoenix.
8/15/2023 Myndshft Technologies, Inc. acquired Shadowbox, Inc. The terms of the transaction were not disclosed. Myndshft offers a pharmacy platform and is based in Mesa.
8/17/2023 UnisLink Holdings LLC acquired Aqreva, LLC. The terms of the transaction were not disclosed. UnisLink offers cloud solutions for healthcare providers and is based in Phoenix.
8/18/2023 Lincoln Shields LLC acquired an unknown majority stake in Runbeck Election Services, Inc. The terms of the transaction were not disclosed. Runbeck offers ballot production, election printing, ballot sorting, and postal voting solutions, as well as election support materials, and is based in Phoenix. Lincoln, a subsidiary of Peoria-based Black Mountain Investment Company, was created by a group of investors to hold a majority interest in Runbeck.
8/22/2023 Paul Johnson Drywall, Inc. agreed to acquire Stratis Construction, Inc. The terms of the transaction were not disclosed. Stratis provides single family residential drywall installation services and is based in Phoenix. Paul Johnson offers drywall services, construction services, commercial and multi-family flooring installation, waterproofing, flashing, and lightweight concrete services and is based in Phoenix.
8/29/2023 Reveal Data Corporation acquired Logikcull and IPRO. The terms of the transactions were not disclosed. IPRO provides litigation management software for legal professionals and is based in Tempe.
8/29/2023 Panoramic Health acquired Kidney Specialists of South Texas. The terms of the transaction were not disclosed. Panoramic is a physician-led kidney care platform that provides treatment for chronic kidney diseases and is based in Tempe.
M&A - Financial
8/17/2023 Taurus Capital Partners, HRSC Management, LLC, and management of The Little Gym acquired seven existing franchises of The Little Gym from The Little Gym International, Inc. The franchises will run under the name Somersault Holdings, LLC. The terms of the transaction were not disclosed. Little Gym operates a network of learning and child physical development centers for kids in the U.S. and internationally and is based in Scottsdale.
Private Placements
8/1/2023 Stackless Data, Inc. announced that it has raised a round of funding led by new investor Singularity Capital Management. Singularity is a private equity firm based in Tucson.
8/1/2023 Reglagene, Inc. announced that it has received a round of funding that included participation from new investor Tech Coast Angels Inc. Reglagene operates as a therapeutics company that offers tubulin-targeted therapy for central nervous system diseases and is based in Tucson.
8/11/2023 Persefoni AI Inc. announced that it has raised $50.0 million in a round of funding led by existing investor TPG The Rise Fund, a fund managed by TPG Capital, L.P., with participation from Rice Investment Group, NGP Energy Capital Management, LLC, Parkway Venture Capital LLC, and other investors. Persefoni develops an artificial intelligence-based platform for carbon footprint accounting and management and is based in Mesa.
8/15/2023 Arccos Golf, LLC announced that it has received $20.0 million in a round of funding led by new investor PGA TOUR, Inc. with participation from new investors Taylor Made Golf Company, Inc., Cobra Puma Golf Inc., Topgolf Callaway Brands Corp., PING, Inc. and other investors. PING designs, manufactures, and offers golf equipment and is based in Phoenix.
8/15/2023 OEM Logistics, LLC announced that it has received a strategic growth equity investment from New Vista Capital. OEM provides a customized, three-level supplier surveillance model that leverages onsite presence to manage suppliers based on current performance dynamics and is based in Lake Havasu City.
8/22/2023 Elevation Home Energy Solutions, Inc. announced that it will receive $20.0 million in funding. As of 8/31/2023, the company received $7.2 million in its first tranche from 2 investors. Elevation develops smart energy solutions for homes and is based in Chandler.
8/29/2023 TruLite Health, Inc. announced that it has raised $7.0 million in its Series A financing round led by Osage Venture Partners. TruLite develops and operates a health equity platform that provides patient-specific health equity insights and recommendations, enabling care teams to make actionable clinical, social, and behavioral interventions at the point of care for diverse populations, and is based in Tempe.
8/30/2023 Concord Servicing Corporation announced that it has raised a round of funding that included participation from returning investor Balance Point Capital Advisors, LLC. Concord offers third-party portfolio servicing and is based in Scottsdale.
8/31/2023 Erthos, Inc. announced that it will receive a round of funding led by Capricorn Investment Group's Technology Impact Fund. The transaction closed on 9/11/2023 with total funding raised of $24.0 million. Erthos offers solar power architecture, operations, and maintenance services and is based in Tempe.