Arizona Deal Intelligence - January 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
1/1/2020 Cornerstone Solutions, Inc. acquired Ledgerwood Associates, Inc. The terms of the transaction were not disclosed. The two entities combined will be known as ETHOSystems. Ledgerwood sells accounting software to mid-market and SMB companies and is based in Scottsdale.
1/2/2020 Drew Technologies, Inc. acquired AutoEnginuity, L.L.C. for $20.0 million. AutoEnginuity develops PC/PDA-based scan tools for vehicle owners, independent service shops, and dealerships and is based in Mesa.
1/3/2020 NSC Technologies, Inc. acquired Staff Matters, Inc. The terms of the transaction were not disclosed. Staff Matters provides recruiting and staffing for technical, professional, administrative, and industrial roles for small to large enterprises and is based in Tucson.
1/6/2020 HB McClure Company acquired Spectrum Mechanical & Service Contractors, LLC. The terms of the transaction were not disclosed. Spectrum designs, manufactures, installs, and maintains commercial heating, ventilation, and air conditioning (HVAC) systems and is based in Tempe.
1/7/2020 GWS Tool Group acquired Intrepid Tool Industries. The terms of the transaction were not disclosed. Intrepid manufactures carbide-cutting tools and is based in Surprise.
1/10/2020 Goettl Air Conditioning, Inc. acquired Will's All Pro Plumbing & Air Conditioning. The terms of the transaction were not disclosed. Goettl provides repair, installation, and replacement services for air conditioning and heating systems in commercial and residential markets and is based in Tempe.
1/13/2020 United Enertech Corporation acquired Metal Form Manufacturing Inc. The terms of the transaction were not disclosed. Metal Form designs, manufactures, and distributes ventilation, security, and sound reduction solutions for air control, sound control, and evaporative cooling products and is based in Phoenix.
1/14/2020 Restoration Builders Inc. acquired AVCO Roofing, Inc. On January 21, 2020, Restoration Builders acquired Aspenmark Roofing & Solar, Inc. 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.
1/15/2020 GlobalTranz Enterprises, Inc. acquired Cerasis, Inc. The terms of the transaction were not disclosed. GlobalTranz develops a suite of transportation services and logistics solutions and is based in Scottsdale.
1/15/2020 GR Engineering Services Limited (ASX:GNG) agreed to acquire Hanlon Engineering & Associates, Inc. The terms of the transaction were not disclosed. Hanlon provides engineering, procurement, and construction management services to the mining sector and is based in Tucson.
1/16/2020 StandardAero Business Aviation Services, LLC acquired TRS Ireland from TRS Global Services, LLC. The terms of the transaction were not disclosed. StandardAero provides maintenance, repair, and overhaul (MRO) services and custom solutions and is based in Tempe.
1/21/2020 Ohio Transmission Corporation acquired Laron Incorporated. The terms of the transaction were not disclosed. Laron provides machining, fabrication, millwright, electrical equipment repair and manufacturing, equipment sales, and predictive maintenance services and is based in Kingman.
1/22/2020 GPS Insight, LLC acquired ServiceBridge, LLC. The terms of the transaction were not disclosed. GPS Insight provides GPS fleet tracking software and E-log solutions for businesses and government agencies with mobile assets and is based in Scottsdale.
1/22/2020 Isagenix International, LLC acquired Zija International, Inc. The terms of the transaction were not disclosed. Isagenix provides weight loss, healthy aging, and skin care cosmetics products and is based in Gilbert.
1/27/2020 American Intermodal Management, LLC (AIM) agreed to acquire Flexi-Van Leasing, Inc. The terms of the transaction were not disclosed. AIM is a chassis leasing platform that owns and leases marine chassis to customers that transport marine containers between ports, rail ramps, and distribution centers in the United States and is based in Scottsdale.
1/28/2020 Cardinal Point Wealth Management, Inc. agreed to acquire Keats, Connelly and Associates, LLC. The terms of the transaction were not disclosed. Keats, Connelly provides financial planning and immigration consulting services and is based in Phoenix.
1/29/2020 MEB Commercial Management Group, LLC acquired OPTIM Property Solutions Inc. The terms of the transaction were not disclosed. OPTIM engages in providing residential and non-residential property management services and is based in Scottsdale. MEB engages in real estate leasing and management and is based in Phoenix.
1/29/2020 GoDaddy Inc. (NYSE:GDDY) agreed to acquire Over, Inc. The terms of the transaction were not disclosed. GoDaddy designs and develops cloud-based technology products for small businesses, Web design professionals, and individuals and is based in Scottsdale.
1/29/2020 IDEX Corporation (NYSE:IEX) agreed to acquire Flow Management Devices LLC for $125.0 million. Flow Management manufactures liquid and gas measurement provers and is based in Phoenix.
1/30/2020 Zenput Inc. acquired Dashboard Advantage, LLC. The terms of the transaction were not disclosed. Dashboard Advantage provides a mobile, and web-enabled data collection and reporting system for operations teams in various industries and is based in Gilbert.
1/30/2020 VillageMD agreed to acquire Summit Medical Group of Arizona. The terms of the transaction were not disclosed. Summit Medical offers health care services through its facilities and is based in Glendale.
1/31/2020 Republic Services, Inc. (NYSE:RSG) acquired Prineville Disposal. The terms of the transaction were not disclosed. Republic Services, together with its subsidiaries, provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services and is based in Phoenix.
M&A - Financial
1/8/2020 Montage Partners, Inc. acquired Moab Brewery. The terms of the transaction were not disclosed. Montage Partners is a private equity firm based in Scottsdale.
1/9/2020 Abry Partners, LLC agreed to acquire a majority stake in Centauri Health Solutions, Inc. The terms of the transaction were not disclosed. Centauri provides services to payors and providers in government sponsored healthcare programs, including Medicare Advantage and Medicaid, and is based in Scottsdale. Choate Hall & Stewart LLP and Weiss Brown are serving as legal advisors to Centauri.
Private Placements
1/3/2020 Vantage Freight LLC announced that it will receive $20.0 million in an equity round of funding. As of January 17, 2020 the company has received $19.9 million in its first tranche from 11 investors. Vantage offers freight brokerage services and is based in Scottsdale.
1/14/2020 Trusona, Inc. announced that it has received $20.0 million in its Series C round of funding from Georgian Partners Growth LP and other investors. Trusona develops and manufactures a category-defining identity and authentication device which helps ensure the identity of the person on the other side of the login and is based in Scottsdale.
1/22/2020 Larry Fitzgerald acquired an unknown stake in Suns Legacy Partners, L.L.C., dba Phoenix Suns.
1/22/2020 An undisclosed buyer acquired a stake in Tempress Group Holding B.V. from Amtech Systems, Inc. Amtech manufactures and sells capital equipment and related consumables for use in fabricating silicon carbide, silicon power chips, electronic assemblies, and light-emitting diodes and is based in Tempe.
1/23/2020 Harmony Payment System LLC announced that is has received funding from new investor Aurora Solutions. Aurora offers processing and payment solutions to businesses and is based in Tempe.
1/27/2020 Servco Pacific Capital agreed to acquire an unknown minority stake in Fender Musical Instruments Corporation. Fender manufactures, distributes, and markets various musical instruments and is based in Scottsdale.
1/30/2020 Holualoa Companies, LLC acquired an unknown stake in Greenlight Communities LLC. Greenlight develops apartments and residential communities and is based in Scottsdale. Holualoa is a real estate investment company based in Tucson.