Arizona Deal Intelligence - September 2020
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
9/1/2020 Health Management Associates Inc. acquired Burns & Associates, Inc. The terms of the transaction were not disclosed. Burns & Associates is a health policy consulting firm based in Phoenix.
9/14/2020 GoDaddy Inc. (NYSE:GDDY) agreed to acquire Skyverge, Inc. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products and is based in Scottsdale.
9/15/2020 National Fire & Safety acquired Element Fire Protection LLC. The terms of the transaction were not disclosed. Element offers fire safety and inspection services and is based in Queen Creek.
9/16/2020 Avertium acquired NetBoundary Inc. The terms of the transaction were not disclosed. Avertium provides managed cybersecurity services and is based in Phoenix.
9/18/2020 Arthur J. Gallagher & Co. (NYSE:AJG) acquired Erin P. Collins & Associates, Inc. (ECA). The terms of the transaction were not disclosed. ECA is an employee benefits and workplace wellbeing consultant serving clients throughout the state of Arizona and is based in Kingman.
9/22/2020 GRO-WELL Brands Inc. acquired Pacific Topsoils, Inc. The terms of the transaction were not disclosed. GRO-WELL manufactures and markets natural and organic lawn and garden care products and is based in Tempe.
9/22/2020 Terracon Consultants, Inc. acquired Environmental Planning Group, LLC (EPG). The terms of the transaction were not disclosed. EPG provides environmental consulting services to the energy and utility infrastructure industry and is based in Phoenix.
9/25/2020 PeopleCert International Limited acquired International Association for Six Sigma Certification (IASSC). The terms of the transaction were not disclosed. IASSC is an educational institution that provides lean six sigma knowledge and certification programs on behalf of a range of organizations worldwide and is based in Phoenix.
9/27/2020 The MENTOR Network, Inc. acquired Spectrum Home Healthcare, LLC. The terms of the transaction were not disclosed. Spectrum provides home healthcare services and is based in Phoenix.
9/29/2020 EMS LINQ, Inc. acquired Colyar Technology Solutions LLC. The terms of the transaction were not disclosed. Colyar specializes in the design, development, and implementation of Web-based child nutrition, food distribution, and compliance management software and is based in Scottsdale.
9/30/2020 Proteor USA, LLC recently signed an agreement with Ottobock to acquire a significant portion of the lower limb prosthetics portfolio of Freedom Innovations. The terms of the transaction were not disclosed. Proteor USA, a wholly owned subsidiary of the France-based Proteor Group, provides products to the orthotic and prosthetic community and is based in Tempe. Weiss Brown is serving as legal advisor to Proteor USA.
Private Placements
9/1/2020 Frontier Technology LLC, dba MicroAge, announced that it has received mezzanine funding from new investors NewSpring Capital and Alerion Capital Group. MicroAge offers technology hardware, software, and outsourced IT support services and is based in Tempe. Alerion is a venture capital and private equity firm based in Scottsdale.
9/9/2020 Rational Packaging, LLC announced that it has received a round of funding from new investor Foam Fabricators, Inc. Foam Fabricators operates a network of molding and fabricating plants that provide shape molded and fabricated foam products, packaging, and components to various industries and is based in Scottsdale.
9/9/2020 Claravine, Inc. announced that it has received $5.0 million in funding from Greyhawk Capital, LLC, Next Frontier Capital, Peninsula Ventures, and other investors. Grayhawk is a venture capital and SBIC investing firm based in Scottsdale.
9/28/2020 Crexendo, Inc. (NASDAQ:CXDO) completed a registered underwritten public offering of 2,800,000 shares of its common stock, including 1,050,000 shares sold by certain stockholders, at a public offering price of $5.50 per share. Crexendo is a provider of cloud communications, UCaaS (Unified Communications as a Service), call center, collaboration services, and other cloud-based services and is based in Tempe. Squire Patton Boggs (US) LLP served as issuer’s counsel to Crexendo.
9/28/2020 Cable One, Inc. (NYSE:CABO) agreed to acquire a 45% stake in Mega Broadband Investments LLC for $574.1 million. Cable One provides data, video, and voice services in the United States and is based in Phoenix. Locke Lord LLP is serving as legal advisor to Cable One.
9/30/2020 Fasetto Inc. announced that it will receive $5.0 million in funding from one investor. Fasetto develops software that allows users to share and store images, videos, and other content and is based in Scottsdale.