Arizona Deal Intelligence - April 2019
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 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
4/1/2019 CampusLogic, Inc. acquired USEED Inc. The terms of the transaction were not disclosed. USEED provides an online crowdfunding platform for higher education and is based in Tempe. CampusLogic develops and operates a cloud-based student financial aid engagement platform and is based in Chandler.
4/2/2019 The Ensign Group, Inc. (NasdaqGS:ENSG) acquired Phoenix Mountain Post Acute. The terms of the transaction were not disclosed. Phoenix Mountain Post Acute owns and operates a health care facility, which offers nursing services and is based in Phoenix.
4/2/2019 Marsh & McLennan Agency LLC acquired Lovitt & Touché, Inc. The terms of the transaction were not disclosed. Lovitt & Touché operates as an insurance agency in the United States and internationally and is based in Tempe.
4/2/2019 GlobalTranz Enterprises, Inc. acquired Circle 8 Logistics, Inc. The terms of the transaction were not disclosed. GlobalTranz develops a suite of transportation services and logistics solutions and is based in Scottsdale.
4/4/2019 Integrate.com, Inc. acquired Akkroo Limited for $34.0 million. Integrate.com develops demand orchestration software for marketers and is based in Scottsdale.
4/5/2019 Protective Industrial Products, Inc. acquired QRP Gloves, Inc. The terms of the transaction were not disclosed. QRP designs, manufactures, and supplies gloves and fingercots and is based in Tucson.
4/8/2019 NV5 Global, Inc. (NasdaqCM:NVEE) acquired J.V. Surveying, LLC. The terms of the transaction were not disclosed. J.V. Surveying offers land surveying and mapping services and is based in Phoenix.
4/8/2019 Deer Valley Credit Union agreed to acquire Canyon State Credit Union. The terms of the transaction were not disclosed. Canyon State Credit Union offers consumer financial products and services and is based in Phoenix. Deer Valley Credit Union provides financial products and services to its members and is based in Phoenix.
4/9/2019 PADZU, LLC acquired Desert Princess Rentals. The terms of the transaction were not disclosed. PADZU is a vacation rental management company and is based in Scottsdale.
4/9/2019 GoDaddy Inc. (NYSE:GDDY) acquired ThemeBeans, CoBlocks, Block Gallery and Block Unit Test Plugin. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products and is based in Scottsdale.
4/10/2019 GoDaddy Inc. (NYSE:GDDY) acquired Sellbrite, Inc. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products and is based in Scottsdale.
4/10/2019 SWCA, Incorporated, dba SWCA Environmental Consultants, Inc., acquired REAP NC LLC. The terms of the transaction were not disclosed. SWCA provides environmental consulting services and is based in Phoenix.
4/15/2019 Royal Automotive Group acquired Capitol Buick GMC LLC. The terms of the transaction were not disclosed. Royal Automotive operates as a dealer of new and used cars and is based in Tucson.
4/16/2019 Hexagon Mining acquired Split Engineering, LLC. The terms of the transaction were not disclosed. Split Engineering provides coarse rock fragmentation size measurement systems, software, and service and is based in Tucson. Hexagon offers digital software solutions for surveying, design, fleet management, and production optimization, and collision avoidance, and other mining operations and is based in Tucson.
4/22/2019 Semiconductor Components Industries, LLC, dba ON Semiconductor, entered into an asset purchase agreement to acquire 300mm Facility from GLOBALFOUNDRIES U.S. Inc. for $430.0 million. ON Semiconductor designs, manufactures, and markets semiconductor components for electronic systems and products and is based in Phoenix. Morrison & Foerster LLP is serving as legal advisor to ON Semiconductor.
4/22/2019 Cacique, Inc. acquired El Sol Foods LLC. The terms of the transaction were not disclosed. El Sol manufactures and distributes homemade style salsa and is based in Gilbert.
4/30/2019 Carlisle Fluid Technologies, Inc. acquired Hosco Fittings LLC and Integrated Dispense Solutions. The terms of the transaction were not disclosed. Carlisle manufactures equipment for the supply, application, and curing of sprayed materials and is based in Scottsdale.
4/30/2019 Contractor Management Services, LLC, dba Openforce, acquired Flexible Workforce, LLC. The terms of the transaction were not disclosed. Openforce provides compliance, settlement processing, and benefit solutions to company owners and independent contractors in the transportation industry and is based in Phoenix.
4/30/2019 Troon Golf, LLC acquired Green Golf Partners, LLC. The terms of the transaction were not disclosed. Troon Golf operates as a golf management, development, and marketing company and is based in Scottsdale. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Troon Golf.
M&A - Financial
4/3/2019 Providence Equity Partners LLC agreed to acquire GlobalTranz Enterprises, Inc. The terms of the transaction were not disclosed. GlobalTranz develops a suite of transportation services and logistics solutions and is based in Scottsdale. Kirkland & Ellis LLP is serving as legal advisor to GlobalTranz.
4/12/2019 Eberhart Capital, LLC acquired TBI Inc. The terms of the transaction were not disclosed. Eberhart is a private equity firm based in Scottsdale.
4/15/2019 Princeton Ventures Management, LLC acquired spa810, LLC. The terms of the transaction were not disclosed. spa810 owns and operates spas and is based in Scottsdale.
4/18/2019 Montage Partners, Inc. acquired stake in Advanced Manufacturing and Development, Inc. The terms of the transaction were not disclosed. Montage Partners is a private equity firm based in Scottsdale. Osborn Maledon, P.A. served as legal advisor to Montage Partners.
4/24/2019 Willcrest Partners, LLC and Curran Companies along with other buyers acquired Precision Aerospace, LLC in a recapitalization transaction. The terms of the transaction were not disclosed. Precision Aerospace manufactures machined sheet metal fabrications of engines for aerospace and industrial applications and is based in Phoenix. Polsinelli PC served as legal advisor to Willcrest Partners.
Private Placements
4/10/2019 Parchment Inc. announced that it has received $7.0 million in funding from Canadian Imperial Bank of Commerce (TSX:CM). Parchment operates an eTranscript exchange community that connects high schools, community colleges, four year public and private universities, trade schools, and employers and is based in Scottsdale.
4/10/2019 Black Pearl Mail Ltd. announced that it has received a round of funding led by new investor AZCrown Ventures LLC. Black Pearl develops an email platform that offers email signature management and analytics services and is based in Scottsdale. AZCrown is a venture capital firm based in Tempe.
4/22/2019 Solera Health, Inc. announced that it will receive $43.3 million in a round of funding. As of May 6, 2019, the company received $37.7 million in its first tranche from 22 investors. Solera operates as a technology-enabled healthcare services company and is based in Phoenix.