Arizona Deal Intelligence - February 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
2/3/2020 LexisNexis Risk Solutions Inc. agreed to acquire Emailage Corp. The terms of the transaction were not disclosed. Emailage develops and delivers fraud prevention and core risk detection solutions that assess digital entity risks for various industries and is based in Chandler.
2/3/2020 National Waste Partners, LLC acquired KBG Holdings, Inc., dba GK Industrial Refuse Systems. The terms of the transaction were not disclosed. National Waste Partners, through its subsidiaries, provides compactor and baler rentals, repair, and waste coordination services and is based in Phoenix. Winston & Strawn LLP served as legal advisor to National Waste Partners.
2/5/2020 GO Car Wash acquired nine car wash sites in Kansas City from Henry and David Belfonte. On February 27, 2020, GO Car Wash acquired three Belfonte Mirror Image Carwash sites in Kansas City. The terms of the transactions were not disclosed. GO Car Wash offers car washing services and is based in Phoenix.
2/5/2020 United Airlines Holdings, Inc. (NasdaqGS:UAL) agreed to acquire Westwind School of Aeronautics, Phoenix, LLC. The terms of the transaction were not disclosed. Westwind owns and operates a flight training school and is based in Phoenix.
2/6/2020 WhiteWater Express Car Wash acquired Quick N Clean XXII, LLC. The terms of the transaction were not disclosed. Quick N Clean offers car wash services and is based in Scottsdale.
2/10/2020 Colyar Technology Solutions LLC acquired Dynamic Internet Solutions. The terms of the transaction were not disclosed. Dynamic Internet Solutions provides the Curriculum Trak system platform, a management platform for K-12 faith-based schools and is based in Glendale. Colyar Technology is a full-service consulting firm that specializes in the design, development, and implementation of Web-based child nutrition, food distribution, and compliance management software and is based in Scottsdale.
2/10/2020 Flex Technology Group acquired Ultrex Business Solutions. The terms of the transaction were not disclosed. Flex Technology Group, through its subsidiaries, provides managed printing, document management and managed information technology services to the printing industry and is based in Mesa.
2/14/2020 Banner Health agreed to acquire The Orthopedic Clinic Association, P.C. On February 24, 2020 Banner acquired Arizona Vascular Surgery Consultants, PC, dba Desert Vascular Specialists. The terms of the transactions were not disclosed. The Orthopedic Clinic Association provides orthopedic services and is based in Phoenix. Desert Vascular provides vascular and endovascular surgical care to patients and is based in Chandler. Banner Health is a health care organization that owns and operates acute-care hospitals and other services and is based in Phoenix.
2/14/2020 Touchstone Merchandise Group acquired Freestyle Marketing LLC. The terms of the transaction were not disclosed. Freestyle provides promotional marketing services and is based in Scottsdale.
2/18/2020 BrieBug, Inc. acquired VenturPlex, Inc. recently. The terms of the transaction were not disclosed. VenturPlex provides software development services and is based in Peoria.
2/18/2020 Restoration Builders Inc. acquired Alden Roofing, Inc. 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.
2/19/2020 Harvest Health & Recreation Inc. (CNSX:HARV) acquired Arizona Natural Selections (ANS). The terms of the transaction were not disclosed. ANS cultivates and sells cannabis through medical dispensaries. Harvest Health cultivates, processes, and retails cannabis in the United States and is based in Tempe.
2/20/2020 Integra Realty Resources, Inc. agreed to acquire Burke Hansen LLC. The terms of the transaction were not disclosed. Burke Hansen provides commercial real estate valuation and consulting services and is based in Phoenix.
2/24/2020 PEI Holdings, Inc. acquired Yandy LLC. The terms of the transaction were not disclosed. Yandy offers online lingerie and costume retail services and is based in Phoenix.
2/27/2020 Highgate Hotels, L.P. acquired Heavlin Management Company, LLC. The terms of the transaction were not disclosed. Heavlin provides hotel management services and is based in Chandler.
M&A – Financial
2/12/2020 Apax Partners LLP agreed to acquire Cadence Education, Inc. The terms of the transaction were not disclosed. Cadence Education provides childhood and private elementary education services and is based in Scottsdale. Debevoise & Plimpton LLP is serving as legal advisor to Cadence Education.
Private Placements
2/4/2020 EmergeTech, LLC announced that it has received $20.0 million in a round of funding led by new investor NewRoad Capital Partners, LLC with participation from Greycroft Partners LLC, 9Yards Capital and other investors. EmergeTech develops and operates web-based transportation management solutions and is based in Scottsdale.
2/11/2020 iDonate LLC announced that it has received $8.7 million in funding from PerformanceEdge Partners LLC and other investors. PerformanceEdge Partners provides business development services and is based in Scottsdale.
2/13/2020 Santa Rita Landscaping, Inc. announced that it has received a round of funding from new investor Westhook Capital, LLC. Santa Rita Landscaping provides lawn and garden services, specializing in landscape contracting, and is based in Tucson.