Arizona Deal Intelligence - August 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
8/3/2020 Anderson Lock & Safe LLC acquired A Better Choice Lock & Key, LLC. The terms of the transaction were not disclosed. A Better Choice operates as a locksmith and security company and is based in Chandler. Anderson Lock & Safe offers commercial, residential, and automotive locksmith installation and repair services and is based in Phoenix.
8/4/2020 Centauri Health Solutions, Silversmith Capital Partners and SV Health Investors acquired Applied Revenue Analytics (AppRev). 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. Weiss Brown LLP served as legal advisor to Centauri.
8/4/2020 Restoration Builders Inc. acquired JC Roofing and Gutters, 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.
8/4/2020 Valeo Networks Inc., a division of Saalex Corporation, acquired Network Management Services, Inc. The terms of the transaction were not disclosed. Valeo provides IT services in the areas of managed IT, cybersecurity, and cloud solutions and is based in Scottsdale.
8/12/2020 EcoVessel acquired U-Konserve LLC. The terms of the transaction were not disclosed. U-Konserve manufactures and sells waste-free and reusable lunch-packing and food-storage solutions and is based in Scottsdale.
8/18/2020 Centauri Health Solutions acquired HCFS, 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. Weiss Brown LLP served as legal advisor to Centauri.
8/25/2020 ConvergeOne Holdings, Inc. acquired Altivon Inc. The terms of the transaction were not disclosed. Altivon provides information technology consulting services, design, implementation, maintenance, and support services and is based in Phoenix.
8/26/2020 KICTeam, Inc. acquired Teknipure, LLC. The terms of the transaction were not disclosed. Teknipure engages in manufacturing and distributing consumable contamination products, such as gloves, face masks, and wipes and is based in Mesa.
8/26/2020 GO Car Wash acquired Eight Car Wash Sites in San Antonio from Bee Clean Car Wash. The terms of the transaction were not disclosed. GO Car Wash offers car washing services and is based in Phoenix.
8/27/2020 The Circle K Corporation acquired Wadsworth Oil Company of Clanton, Inc. The terms of the transaction were not disclosed. The Circle K Corporation, through its subsidiary Circle K Stores Inc., owns and operates convenience stores and is based in Phoenix.
8/31/2020 National Veterinary Associates, Inc. acquired McClintock Animal Care Center, PC. The terms of the transaction were not disclosed. McClintock Animal Care provides veterinary care and services and is based in Tempe. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to McClintock Animal Care.
M&A - Financial
8/11/2020 Eberhart Capital, LLC acquired M.J. Van Damme Trucking Inc. for $50.0 million. Eberhart is a venture capital and private equity firm based in Scottsdale.
Private Placements
8/5/2020 Viad Corp (NYSE:VVI) announced that it has closed on an agreement with Crestview Partners for the private placement of up to $180.0 million of preferred stock, and an agreement with its lender group to enhance its financial flexibility for the next eight fiscal quarters. Viad operates as an experiential services company and is based in Phoenix. Latham & Watkins LLP served as legal advisor to Viad.
8/12/2020 Beach House Group Sales, LLC announced that it has received a Series A round of funding from new investors Monogram Capital Partners and Najafi Companies. Najafi is a private equity firm based in Phoenix.
8/18/2020 Keap announced that it has received $5.0 million in funding from 11 investors. Formerly known as Infusionsoft, Keap develops sales and marketing software for small businesses and is based in Chandler.
8/26/2020 Isagenix International, LLC announced that it has received $35.0 million in a round of funding that included participation from Jim and Kathy Coover, Erik Coover and Jim and Tammy Pierce. Isagenix provides weight loss, healthy aging, and skin care cosmetics products and is based in Gilbert.