Arizona Deal Intelligence - November 2019

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

11/5/2019  Hunt Valve Company, Inc. acquired Pima Valve, LLC. The terms of the transaction were not disclosed. Pima Valve designs and manufactures industrial valves and is based in Chandler.

11/5/2019  UST Global Inc. acquired ComplyUSA, LLC. The terms of the transaction were not disclosed. ComplyUSA develops and operates a compliance assessment and privacy automation platform and is based in Scottsdale.

11/5/2019  enChoice, Inc. acquired Adjacent Technologies, Inc. The terms of the transaction were not disclosed. enChoice provides end-to-end enterprise content management solutions and services and is based in Tempe.

11/6/2019  Restoration Builders Inc. agreed to acquire assets from Roofscapes Exteriors, LLC. The terms of the transaction were not disclosed. Restoration Builders provides property restoration services to both residential and commercial clients and is based in Phoenix.

11/6/2019  Ironwood Insights Group, LLC acquired Discovery Research Group of Utah, Inc. The terms of the transaction were not disclosed. Ironwood Insights Group provides market research design, data collection, analysis and reporting, and strategy formulation services and is based in Chandler.

11/7/2019  Blue Cross and Blue Shield of Arizona, Inc. agreed to acquire Steward Health Choice Arizona, Inc. The terms of the transaction were not disclosed. Steward Health Choice Arizona offers managed care programs, including commercial, employer based, and large government-sponsored programs and is based in Phoenix. Blue Cross and Blue Shield of Arizona provides health insurance products and health services to individuals and families and is based in Phoenix.

11/8/2019  National Grocers Association, Inc. agreed to acquire The Retailer Owned Food Distributors & Associates. The terms of the transaction were not disclosed. Retailer Owned Food Distributors & Associates operates as an association for cooperative wholesaler members, as well as supplier associate members and is based in Scottsdale.

11/11/2019  Advisor Group, Inc. agreed to acquire Ladenburg Thalmann Financial Services Inc. (AMEX:LTS) for $522.0 million. Advisor Group, through its subsidiaries, provides financial solutions and is based in Phoenix. Greenberg Traurig, LLP, Kirkland & Ellis LLP, and Eversheds Sutherland (US) LLP are serving as legal advisors to Advisor Group.

11/12/2019  Oldcastle Infrastructure acquired Torrent Resources, Inc. for $110.0 million. Torrent Resources operates as a drainage contractor providing water drainage solutions and is based in Phoenix.

11/14/2019  Refresco Group N.V. agreed to acquire Arizona Production & Packaging LLC (AZPACK). The terms of the transaction were not disclosed. AZPack provides contract-based beverage manufacturing, bottling, and co-packaging services and is based in Tempe.

11/14/2019  EXOS, Inc. acquired Desert Institute of Physical Therapy. The terms of the transaction were not disclosed. Desert Institute of Physical Therapy operates an outpatient orthopedic physical therapy clinic and is based in Scottsdale. EXOS provides training, nutrition, physical therapy, consulting, and sports science services for professional athletes and is based in Phoenix.

11/18/2019  Pueblo Mechanical & Controls, LLC acquired Niemeyer Brothers Plumbing Inc. The terms of the transaction were not disclosed. Niemeyer Brothers provides commercial plumbing services and is based in Phoenix. Pueblo provides HVAC and installation services for school districts, governmental agencies, municipalities, and private firms and is based in Tucson.

11/19/2019  Lock Trust, Inc. acquired Advisor TLC Inc. The terms of the transaction were not disclosed. Advisor TLC develops an online video sharing platform that allows business organizations to post videos, audio tracks, and photos to communicate with their clients and is based in Phoenix.

11/19/2019  Traditions Health Care Holding Company, LLC acquired Pathways Hospice, PLLC. The terms of the transaction were not disclosed. Pathways offers hospice services and is based in Tucson.

11/21/2019  Restoration Builders Inc. acquired Prime Time Roofing, LLC. On 11/25/2019, Restoration Builders acquired Built Strong Exteriors, LLC. The terms of the transactions were not disclosed. Restoration Builders provides property restoration services to both residential and commercial clients and is based in Phoenix.

11/21/2019  Comtech EF Data Corporation agreed to acquire UHP Networks Inc. for $50.0 million. Comtech designs and manufactures satellite communication products for commercial and government users and is based in Tempe. Morgan Lewis & Bockius LLP, Proskauer Rose LLP and Torys LLP are serving as legal advisors to Comtech.

11/26/2019  CI Financial Corp (TSX:CIX) acquired a 70% stake in Surevest Inc. The terms of the transaction were not disclosed. Surevest is a registered investment advisory firm based in Phoenix.

11/29/2019  Connect Realty LLC agreed to acquire Clayton Nash Real Estate. The terms of the transaction were not disclosed. Clayton Nash Real Estate provides residential real estate brokerage service and is based in Scottsdale.

Private Placements

11/1/2019  Building Engines, Inc. acquired Cobalt Professional Services Network, LLC, doing business as Synlio. The terms of the transaction were not disclosed. Synlio develops an automated request for proposal (RFP) solution for commercial real estate property managers and is based in Scottsdale.

11/12/2019  Ping Inc. announced that it has received $13.2 million in funding led by new investor Upfront Ventures with participation from returning investors BoxGroup, First Round Capital, Initialized Capital Management, LLC, and Ulu Ventures. Ping manufactures golfing equipment and is based in Phoenix.