Arizona Deal Intelligence - June 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

6/1/2020  Eye Care and Cure acquired Suppleyes. The terms of the transaction were not disclosed. Eye Care and Cure designs, develops, and manufactures eye care supplies and is based in Tucson.

6/1/2020  Employer Advantage, LLC acquired Choice Employer's Resource, LLC. The terms of the transaction were not disclosed. Choice Employer's Resource offers human resources services and is based in Mesa.

6/4/2020  Research Corporation Technologies, Inc. (RCT) acquired and invested growth capital into Translational Drug Development. The terms of the transaction were not disclosed. Translational Drug Development provides translational preclinical services; regulatory strategic guidance, planning and document submission services; and clinical trial design and execution for innovative oncology-focused companies and is based in Scottsdale. RCT is a technology investment and management company based in Tucson. Jennings, Strouss & Salmon, PLC served as legal advisor to the Translational Genomics Research Institute (TGen) and its subsidiary, The Center for Translational Drug Development, in the sale of its ownership interests of Translational Drug Development, Inc. to RCT.

6/5/2020  Shaddock National Holdings acquired an unknown majority interest in Landmark Title Assurance Agency. The terms of the transaction were not disclosed. Landmark Title provides real estate title and escrow services and is based in Phoenix.

6/8/2020  HUB International Limited acquired assets of The Clements Agency, L.L.C. and Flagstaff Insurance, Inc. The terms of the transaction were not disclosed. Flagstaff Insurance provides insurance brokerage services and is based in Flagstaff. The Clements Agency offers insurance products and services and is based in Tucson.

6/9/2020  RapidAI acquired EndoVantage, LLC. The terms of the transaction were not disclosed. EndoVantage develops a computer simulation solution for surgery based on personalized patient information and is based in Scottsdale.

6/9/2020  Arizona Bank & Trust, Inc. agreed to acquire the Arizona operations of Johnson Bank. The terms of the transaction were not disclosed. Arizona Bank & Trust provides banking services to individuals and businesses and is based in Phoenix.

6/10/2020  HomeServe USA Corp. acquired Hays Cooling & Heating, LLC. The terms of the transaction were not disclosed. Hays provides heating and cooling installation, maintenance and repair services to residential and commercial customers and is based in Phoenix.

6/11/2020  Cable One, Inc. (NYSE:CABO) agreed to acquire ValueNet Fiber. The terms of the transaction were not disclosed. Cable One provides data, video, and voice services and is based in Phoenix.

6/15/2020  ECP Ophthalmology Services, LLC and EyeCare Partners, LLC acquired Arizona Eye Institute & Cosmetic Laser Center, LLC. The terms of the transaction were not disclosed. Arizona Eye Institute & Cosmetic Laser Center is a provider of plastic surgery, nonsurgical cosmetic enhancements, and ophthalmological treatments and is based in Sun City West.

6/16/2020  Goettl Air Conditioning, Inc. acquired Eternal Services and Plumbing Solutions. The terms of the transaction were not disclosed. Goettl Air Conditioning provides repair, installation, and replacement services for air conditioning and heating systems in commercial and residential markets and is based in Tempe.

Private Placements

6/11/2020  AerialSphere announced that it has raised $5.0 million in its Series A round of funding led by new investor Jokake Construction Company. AerialSphere develops mapping solutions and is based in Phoenix. Jokake is a full-service provider for real estate development services, new construction, and tenant improvements and is based in Phoenix.

6/12/2020  Neurogan, Inc. announced that it has received a round of funding from new investor WR Group, Inc. WR Group operates as a distributor of skin care products and is based in Scottsdale.

6/16/2020  Brightside Benefit, Inc. announced that it has received $35.1 million in a round of funding from Andreessen Horowitz LLC, Trinity Ventures, Comcast Ventures, and other investors. Brightside operates a financial care platform for employers to improve the financial health of their workforce by providing a single destination for employees to address any personal finance need and is based in Chandler.

6/17/2020  Zero Mass Water, Inc. announced that it has raised $50.0 million in its Series C1 round of equity financing led by funds managed by BlackRock, Inc. (NYSE:BLK) with participation from new investor Duke Investments, LLC and existing investors Material Impact Management, LLC and Breakthrough Energy Ventures Fund. Zero Mass develops equipment that uses solar energy to produce drinking water and is based in Scottsdale.