Arizona Deal Intelligence - April 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
4/1/2020 ON Advertising Inc. acquired the assets and operations of Evans Communications Inc. The terms of the transaction were not disclosed. Evans Communications provides public relations, marketing, and event coordination services in the CRE, healthcare, education, and non-profit sectors and is based in Phoenix. ON Advertising operates a digital advertising agency and is based in Phoenix. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Evans Communications.
4/2/2020 MJH Life Sciences LLC acquired Pharmacy Benefit Management Institute, LP (PBMI). The terms of the transaction were not disclosed. PBMI provides research, education, e-publications, and Web resources to help employers, health plans, union groups and third-party administrators to work with pharmacy benefit managers and other professionals for designing prescription drug benefit programs and is based in Scottsdale.
4/6/2020 GoDaddy Inc. (NYSE:GDDY) agreed to acquire the registry business of Neustar, Inc. for $218.0 million. GoDaddy designs and develops cloud-based technology products and is based in Scottsdale. Debevoise & Plimpton LLP is serving as legal advisor to GoDaddy.
4/8/2020 Fishawack Limited acquired Skysis, LLC. The terms of the transaction were not disclosed. Skysis provides marketing consulting services to biopharmaceutical companies and is based in Scottsdale. Ulmer & Berne served as legal advisor to Skysis.
4/13/2020 Community Medical Services Holdings, LLC acquired IHP-Med-Psych-Solutions, Inc., dba Restorative Health and Recovery. The terms of the transaction were not disclosed. Community Medical offers medication-assisted treatment programs for patients suffering from substance use disorders and is based in Scottsdale. Alston & Bird LLP served as legal advisor to Community Medical.
4/20/2020 Benefit Commerce Group LLC acquired Cambridge Benefit Solutions, LLC. The terms of the transaction were not disclosed. Cambridge Benefit Solutions provides human resource management services and is based in Chandler. Benefit Commerce Group provides employee benefit plans and is based in Scottsdale.
4/27/2020 Brady Industries, Inc. acquired Maintenance Mart. The terms of the transaction were not disclosed. Maintenance Mart manufactures janitorial cleaning products for commercial facilities and is based in Phoenix.
M&A - Financial
4/10/2020 Montage Partners, Inc. acquired a majority stake in URW, LLC, dba United Right-of-Way. The terms of the transaction were not disclosed. United Right-of-Way provides vegetation and landscape management services to government agencies, solar energy operators, railroads and industrial companies and is based in Phoenix. Montage Partners is a private equity firm based in Scottsdale. Burch & Cracchiolo, P.A. served as legal advisor to United Right-of-Way. Osborn Maledon, P.A. served as legal advisor to Montage Partners.
4/13/2020 Sterling Investment Partners, along with AIMS Companies' Founder and CEO, Chris Mihaletos, and AIMS' senior management team, acquired AIMS Companies in a recapitalization transaction. The terms of the transaction were not disclosed. AIMS provides inspection and cleaning services to the industrial community and is based in Scottsdale.
Private Placements
4/2/2020 Collabtech Group announced that it has received a round of funding from Knox Capital Management LLC. Collabtech offers workplace collaboration services and is based in Mesa.
4/6/2020 Halo Labs announced that it has received $12.0 million in a round of funding from Research Corporation Technologies, BioAdvance, and other investors. Research Corporation Technologies is a venture capital firm based in Tucson.
4/21/2020 CMLaser Technologies, Inc. announced that it has received a round of funding from new investor UAVenture Capital. CMLaser Technologies develops a mid-IR (infrared) supercontinuum laser used as a ballistic missile defensive countermeasure for military and non-military aircrafts and is based in Tucson. UAVenture is a venture capital fund designed to commercialize University of Arizona science, technology, services and products and is based in Tucson.