Arizona Deal Intelligence - July 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
7/1/2020 Foam Fabricators, Inc. acquired all assets of Polyfoam Corp. The terms of the transaction were not disclosed. 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.
7/1/2020 GB Auto Service, Inc. acquired Sun Devil Auto Service. The terms of the transaction were not disclosed. Sun Devil Auto provides auto repair and maintenance services and is based in Sun City West. GB Auto provides automotive aftermarket repair services under the BRAKEmax and Tire Works brands and is based in Tucson.
7/1/2020 Chris Savino acquired Sunglass Designs, Inc., dba Desert Sunglass of Scottsdale. The terms of the transaction were not disclosed. Desert Sunglass is a wholesale eyewear supplier to leading national retailers, the airport and travel plaza industry, national parks and professional sports venue concessionaires, premier national hotel chains and upscale resorts and is based in Scottsdale. Snell & Wilmer served as legal advisor to Desert Sunglass. Greenberg Traurig served as legal advisor to Chris Savino.
7/2/2020 CampusLogic, Inc. acquired Raise Labs, Inc. The terms of the transaction were not disclosed. CampusLogic develops a cloud-based student financial success platform used by college officials to help students manage scholarships, loans, and other financial supports and is based in Chandler.
7/7/2020 Idle Group LLC acquired Mend Sleep LLC. The terms of the transaction were not disclosed. Idle Group, along with its subsidiary, engages in the production and sale of mattresses and is based in Chandler.
7/7/2020 Hargray Communications agreed to acquire the Alabama assets of Cable One, Inc. (NYSE:CABO). The terms of the transaction were not disclosed. Cable One provides data, video, and voice services and is based in Phoenix.
7/7/2020 Ipro Tech, LLC acquired NetGovern. The terms of the transaction were not disclosed. Ipro Tech provides litigation management software for legal professionals and is based in Tempe.
7/16/2020 Universal Background Screening, Inc. acquired OPENonline, LLC. The terms of the transaction were not disclosed. Universal provides background screening solutions and is based in Phoenix.
7/20/2020 ARCH Global Precision LLC acquired Clings Aerospace, LLC. The terms of the transaction were not disclosed. Cling's Aerospace manufactures machined parts, custom-fabricated tubes, weldments, and assemblies for the aerospace and defense industries and is based in Tempe.
7/21/2020 Restoration Builders Inc. acquired Sky Restoration, LLC. 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.
7/23/2020 Blue Yonder Group, Inc. acquired Yantriks. The terms of the transaction were not disclosed. Blue Yonder designs and develops end-to-end integrated supply chain and retail management software solutions and is based in Scottsdale.
7/28/2020 Fennemore Craig, P.C. agreed to acquire Dowling Aaron Incorporated. The terms of the transaction were not disclosed. Fennemore Craig offers legal advisory services and is based in Phoenix.
7/29/2020 Prove acquired the Mobile Authentication Lines of Business of Early Warning Services, LLC. The terms of the transaction were not disclosed. Early Warning develops and delivers risk management and payment solutions for financial institutions, government entities, payment companies, and consumers and is based in Scottsdale.
M&A - Financial
7/15/2020 Tableside Partners, Inc. acquired the Taphouse Restaurants. The terms of the transaction were not disclosed. Taphouse is a gastropub and is based in Phoenix. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Taphouse.
7/16/2020 Eberhart Capital, LLC acquired Barrett's Equipment, Inc. The terms of the transaction were not disclosed. Eberhart Capital is a venture capital and private equity firm based in Scottsdale.
7/30/2020 Hoylecohen, LLC agreed to acquire Stellar Capital Management, LLC. The terms of the transaction were not disclosed. Stellar Capital Management is an employee-owned investment manager and is based in Phoenix.
7/31/2020 EP Wealth Advisors, Inc. acquired Providus Advisors, LLC. The terms of the transaction were not disclosed. Providus provides investment management and financial planning for high-net-worth individuals and families and retirement plan services for small businesses and is based in Chandler.
Private Placements
7/2/2020 Arizona Natural Resources, Inc. announced that it has received a round of funding from new investor CORE Industrial Partners LLC. Arizona Natural Resources engages in the contract manufacturing of body and bath care, cosmetics, spa, skin, and hair care products and is based in Phoenix. Dickinson Wright PLLC served as legal advisor to Arizona Natural Resources.
7/14/2020 CYR3CON announced it has closed an $8.2 million round of financing from Pivotal Group and other investors. CYR3CON provides an AI-driven cybersecurity prediction software platform and is based in Tempe. Pivotal Group is a diversified investment company based in Phoenix.
7/15/2020 CampusLogic, Inc. announced that it has received $120.0 million in an equity round of funding from new investor Dragoneer Investment Group, LLC. CampusLogic develops a cloud-based student financial success platform used by college officials to help students manage scholarships, loans, and other financial supports and is based in Chandler.
7/27/2020 AstrumU, Inc. announced that it has received $7.7 million in a round of funding from Kingdom Capital and other investors. AstrumU provides services for matching employers with recent graduates using technology and is based in Phoenix.
7/28/2020 Uncommon Giving Corporation announced that it has received $13.5 million in an equity round of funding from more than 80 investors. Uncommon Giving operates an online giving platform that connects individual donors with nonprofits by matching their interests and passions to charitable cause and is based in Scottsdale. Haynes and Boone, LLP served as legal advisor to Uncommon Giving.