Arizona Deal Intelligence - May 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
5/1/2019 KeyImpact Sales & Systems, Inc. acquired Aspen Marketing, LLC. The terms of the transaction were not disclosed. Aspen engages in marketing foodservice disposables, packaging, paper, and janitorial products and is based in Chandler.
5/1/2019 Offen Petroleum, Inc. agreed to acquire the business assets of Allied Energy, LLC. The terms of the transaction were not disclosed. Allied Energy is an independent fuel distributor that operates in Arizona and Nevada and is based in Scottsdale. Weiss Brown is serving as legal advisor to Allied Energy.
5/2/2019 Whitcraft LLC acquired certain assets of LAI International. The terms of the transaction were not disclosed. LAI manufactures precision-engineered finished parts, components, and subassemblies for aerospace, power generation, defense, medical, electronics, and other advanced technology industries worldwide and is based in Tempe.
5/3/2019 Jet Aviation AG acquired a stake in Scottsdale Jet Center. The terms of the transaction were not disclosed. Scottsdale Jet Center leases office space, T-hangar space, tie-down spaces, and shades and is based in Scottsdale.
5/7/2019 Republic Services, Inc. (NYSE:RSG) acquired Synergy Environmental. The terms of the transaction were not disclosed. Republic Services provides non-hazardous solid waste collection, transfer, recycling, disposal and energy services for small-container, large-container, municipal, residential and energy services customers and is based in Phoenix.
5/8/2019 GO Car Wash acquired Travel Clean Express Car Wash. The terms of the transaction were not disclosed. GO offers car washing services and is based in Phoenix.
5/9/2019 AthletiCo Ltd. acquired Noonan Physical Therapy & Associates. The terms of the transaction were not disclosed. Noonan owns and operates clinics that provide physical and occupational therapy and is based in Tucson.
5/9/2019 CONSOR acquired Structural Grace, Inc. The terms of the transaction were not disclosed. Structural Grace offers structural engineering design, construction administration, inspection, and construction surveying services for transportation related structures to private and public sector clients and is based in Tucson.
5/10/2019 Westfall Technik, Inc. acquired Delta Pacific, Inc. The terms of the transaction were not disclosed. Westfall manufactures solutions for the production of plastic parts in the medical, packaging, and consumer goods segments and is based in Chandler.
5/13/2019 EPCOR Water Arizona Inc. agreed to acquire certain assets from Brooke Water LLC. The terms of the transaction were not disclosed. Brooke Water supplies portable water and is based in Parker. EPCOR provides water and wastewater services in Arizona and is based in Phoenix.
5/13/2019 Williston Holding Company, Inc. (OTCPK:WHCA) agreed to acquire substantially all of the assets of Kona Grill, Inc. (OTCPK:KONA.Q) for $20.3 million. Kona Grill owns and operates upscale casual restaurants and is based in Scottsdale. Williston Holdings operates and franchises more than 50 restaurants in Texas, North Dakota, Oklahoma, Louisiana and Arizona, and is controlled by Marcus Jundt, who stepped down as Kona's CEO in March. Pachulski Stang Ziehl & Jones LLP is serving as legal advisor to Kona Grill. Gray, Plant, Mooty, Mooty & Bennett, P.A. is serving as legal advisor to Williston Holdings.
5/15/2019 MYND Property Management acquired Rentvest Property Management LLC. The terms of the transaction were not disclosed. Rentvest provides property management services and is based in Mesa.
5/20/2019 Pueblo Mechanical & Controls, LLC acquired the Arizona operations of Westover Corporation. The terms of the transaction were not disclosed. Pueblo provides HVAC and installation services for school districts, governmental agencies, municipalities, and private firms and is based in Tucson.
5/20/2019 Arreva, LLC acquired Heritage Designs LLC. The terms of the transaction were not disclosed. Heritage designs, develops, and markets fundraising/donor management software for nonprofit organizations and is based in Phoenix.
5/23/2019 Umicore SA (ENXTBR:UMI) agreed to acquire the Cobalt Refinery and Cathode Precursor Activities in Kokkola from Freeport-McMoRan Inc. (NYSE:FCX) for $190.0 million. Freeport engages in the mining of mineral properties in North America, South America, and Indonesia and is based in Phoenix. Davis Polk & Wardwell LLP is serving as legal advisor to Freeport.
5/24/2019 Rooter Hero Plumbing Inc. acquired the assets of Specialty Contracting Group, LLC. The terms of the transaction were not disclosed. Specialty Contracting provides heating, ventilation, and air conditioning services to residential and commercial sectors and is based in Scottsdale.
5/30/2019 BlackPoint IT Services, Inc. acquired Copper State Communications, Inc. The terms of the transaction were not disclosed. Copper State provides IT and telecom services and is based in Tucson.
5/31/2019 Hunter Engineering acquired JMA Engineering Corporation. The terms of the transaction were not disclosed. JMA provides civil engineering, surveying and mapping, site engineering, land development engineering, roadway engineering, utility engineering, and hydrology and hydraulics services and is based in Phoenix. Hunter provides civil engineering and surveying services and is based in Scottsdale.
M&A - Financial
5/7/2019 HgCapital LLP agreed to acquire Litera Microsystems. The terms of the transaction were not disclosed. Litera provides document technology solutions to legal, life science, and corporate communities and is based in Scottsdale.
5/7/2019 Trivest Partners, L.P. agreed to acquire 75 Massage Envy Franchises from Massage Envy Franchising, LLC. The terms of the transaction were not disclosed. Trivest also recently acquired 21 Massage Envy locations around Chicago and Phoenix. Massage Envy provides therapeutic massage and spa services in the United States and is based in Scottsdale.
5/7/2019 CLM Equity Partners acquired Zircon Precision Products. The terms of the transaction were not disclosed. Zircon manufactures aluminum and stainless steel machined parts and equipment for commercial and military aircraft and is based in Tempe.
5/8/2019 An unknown Texas-based private equity firm acquired Axolotl Biologix, Inc. The terms of the transaction were not disclosed. Axolotl is a biotechnology company that develops and manufactures regenerative medical technologies and is based in Phoenix.
Private Placements
5/7/2019 Fullbay Inc. announced that it has received $23.0 million in its Series A round of funding from Mainsail Partners. Fullbay develops and offers cloud-based shop management software for heavy-duty repair shops and is based in Phoenix.
5/16/2019 Natural Partners, Inc. announced that it has received $25.0 million in funding from Kayne Partners and other investors. Natural Partners engages in the distribution of healthcare products through an online supplement dispensing platform and is based in Scottsdale.
5/17/2019 Caliber Software Inc. announced that it has received a round of funding from Community Investors, Inc., dba FRONTSTEPS. Caliber develops software for accounting and integrated property management and is based in Mesa.
5/21/2019 ARC Devices Ltd announced that it has received $5.0 million in a round of funding from Avnet, Inc. (NasdaqGS:AVT). Avnet distributes electronic components worldwide and is based in Phoenix.
5/24/2019 Smartrent.com, Inc. announced that it will receive $34.5 million in funding. As of June 7, 2019, the company has received $31.5 million in its first tranche from 12 investors. Smartrent designs and develops software for smart home technology installment and is based in Scottsdale.