Arizona Deal Intelligence - December 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

12/2/2019  Arrow Exterminators, Inc. acquired 5 Star Termite & Pest Control, Inc. The terms of the transaction were not disclosed. 5 Star provides pest control and termite protection services for commercial and residential customers and is based in Tucson.


12/2/2019  US Radiology Specialists acquired Radiology Ltd. The terms of the transaction were not disclosed. Radiology Ltd. owns and operates diagnostic imaging centers in southern Arizona and is based in Tucson. Katten Muchin Rosenman LLP served as legal advisor to Radiology Ltd.


12/3/2019  The Ensign Group, Inc. (NasdaqGS:ENSG) acquired the real estate and operations of Mission Palms Post Acute. The terms of the transaction were not disclosed. Mission Palms is a skilled nursing facility with 160 skilled nursing beds and is based in Mesa.


12/4/2019  Nidec Motor Corporation acquired 90% of ownership of Roboteq Inc. The terms of the transaction were not disclosed. Roboteq manufactures DC motor controllers and drives for mobile robotics, electric vehicles, and other industrial motion control applications and is based in Scottsdale.


12/4/2019  HomeSmart International, LLC acquired TriStar Realty, Inc. The terms of the transaction were not disclosed. HomeSmart operates as a real estate brokerage company and is based in Scottsdale.


12/4/2019  STO Building Group agreed to acquire Layton Construction Co of Arizona Inc. The terms of the transaction were not disclosed. Layton provides commercial and construction contract services and is based in Phoenix.


12/4/2019  Restoration Builders Inc. acquired NRC Roofing and Restoration, 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.


12/6/2019  Nielsen-Kellerman Co. acquired Ambient Weather, LLC. The terms of the transaction were not disclosed. Ambient Weather distributes weather monitoring instruments and software and is based in Chandler. Polsinelli served as legal advisor to Ambient Weather.


12/9/2019  Ohio Transmission Corporation acquired Keller Electrical Industries, Inc. The terms of the transaction were not disclosed. Keller distributes and services industrial electrical equipment and is based in Phoenix.


12/9/2019  Indecomm Digital Services, Inc. acquired Group Avantica, Inc. The terms of the transaction were not disclosed. Indecomm develops digital software solutions for automation and is based in Scottsdale.


12/10/2019  Credentials Solutions and Parchment announced their intent to merge. Pursuant to the transaction, Matthew Pittinsky, CEO of Parchment, will serve as the leader of the new combined organization. Parchment is an academic credentials management company and is based in Scottsdale.


12/11/2019  Heritage Life Insurance Company agreed to acquire U.S. Financial Life Insurance Company / MONY Life Insurance Company of the Americas, Ltd. The terms of the transaction were not disclosed. Heritage provides life insurance services and is based in Phoenix. Sidley Austin LLP is serving as legal advisor to Heritage.


12/11/2019  International Cruise & Excursions, Inc. (ICE) alongside Don Walker and Uf Tukel acquired WMPH Vacations, Inc. The terms of the transaction were not disclosed. ICE is an international travel and leisure organization that provides vacation-based loyalty, rewards, and incentive programs to its members and is based in Scottsdale. WMPH founders Uf Tukel and Don Walker will join the senior leadership team at ICE.


12/12/2019  Fortinet, Inc. (NasdaqGS:FTNT) acquired CyberSponse, Inc. for $28.0 million. CyberSponse develops and offers a collaboration platform that enhances team communication when responding to an Information Technology (IT) security incident and is based in Scottsdale.


12/12/2019  VirTrial, LLC acquired SnapMD, Inc. The terms of the transaction were not disclosed. VirTrial is a telemedicine company that develops an application that provides a virtual care management (VCM) platform for the clinical trial industry and is based in Scottsdale.


12/13/2019  Lockheed Martin Corporation (NYSE:LMT) agreed to acquire assets of Vector Launch, Inc. for $4.3 million. Vector develops software designed satellites and launch vehicles and is based in Tucson. Pillsbury Winthrop Shaw Pittman LLP and Sullivan Hazeltine Allinson LLC are serving as legal advisors to Vector.


12/20/2019  Proof Mark, Inc. acquired Musqot Marketing Technology AB. The terms of the transaction were not disclosed. Proof Mark develops marketing and communications software and is based in Phoenix.


12/30/2019  Blue Cross Blue Shield of Arizona (BCBSAZ) acquired Steward Health Choice Arizona LLC. The terms of the transaction were not disclosed. BCBSAZ offers health insurance and related services and is based in Phoenix. Steward provides health coverage to members and is based in Phoenix. Snell & Wilmer served as legal advisor to BCBSAZ.


Xperience Restaurant Group acquired SOL Mexican Cocina and solita Tacos & Margaritas. The terms of the transaction were not disclosed. SOL has locations in Newport Beach, Scottsdale, Playa Vista, and Denver. Weiss Brown served as legal advisor to SOL.


M&A – Financial


12/6/2019  Estancia Capital Management, LLC and Estancia's management team agreed to acquire Geneva Capital Management, LLC. The terms of the transaction were not disclosed. Estancia is a private equity firm based in Scottsdale.


Nolan Capital, Inc. has become the majority owner of Ortega National Parks, LLC (ONP). The terms of the transaction were not disclosed. ONP provides commercial services in the form of retail, food and beverage, lodging, and other offerings across national, state, county, and city parks throughout the US. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to ONP.


Private Placements


12/6/2019  NJOY Holdings, Inc. announced that it will receive $330.0 million in funding. As of December 19, 2019, the company has received $115.0 million in its first tranche from 25 investors. NJOY develops and distributes e-cigarette and vaping products and is based in Scottsdale.


12/10/2019  SOCI, Inc. announced that it has received $12.0 million in its Series C round of funding led by existing investor Vertical Venture Partners with participation from Ankona Capital and existing investor Grayhawk Capital, LLC. SOCI provides a social media management platform to address scalability issues faced by enterprises, multi-location brands, and service providers on social media and is based in San Diego. Grayhawk is a venture capital firm based in Scottsdale.


12/20/2019  Hunter Douglas N.V. (ENXTAM:HDG) agreed to acquire 30% stake in SelectBlinds.com. The terms of the transaction were not disclosed. SelectBlinds.com engages in the manufacture and sale of window and door blinds and shades and is based in Gilbert.