Arizona Deal Intelligence - January 2021
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
1/1/2021 Leavitt Machinery and Rentals Inc. acquired Reliable Forklift Sales, LLC. The terms of the transaction were not disclosed. Reliable Forklift provides sales, rental, service, and maintenance of materials handling equipment for customers in automotive, logistics, manufacturing, food and beverage, construction, and retail industries and is based in Phoenix.
1/4/2021 Centene Corporation (NYSE:CNC) agreed to acquire Magellan Health, Inc. (NasdaqGS:MGLN) for $3.2 billion. Magellan, together with its subsidiaries, provides healthcare management services and is based in Phoenix. Weil, Gotshal & Manges LLP is serving as legal advisor to Magellan.
1/4/2021 Troon Golf, LLC acquired Indigo Golf Partners. The terms of the transaction were not disclosed. Troon operates as a golf and club management, development, and marketing company worldwide and is based in Scottsdale.
1/5/2021 AutoVitals, Inc. acquired BAYiQ, Inc. The terms of the transaction were not disclosed. BAYiQ operates an intelligent rewards and marketing platform for independent tire and auto service dealers and is based in Mesa.
1/5/2021 Paradox, Inc. acquired Spetz. The terms of the transaction were not disclosed. Paradox develops a conversational artificial intelligence-based platform that enables human resources and talent teams to automate administrative tasks and is based in Scottsdale.
1/8/2021 AccountabillT, LLC acquired Enterprise Technology Services LLC. The terms of the transaction were not disclosed. AccountabillT provides ERP applications management and cloud IT services and is based in Scottsdale. Enterprise develops information technology solutions for businesses, including network assessment, infrastructure designs, project management, server and desktop virtualization, cloud services, and backup and disaster recovery solutions and is based in Phoenix.
1/11/2021 Phoenix Logistics, Inc. acquired Sam Dunn Express and assets of Sam Dunn Enterprises, Inc. The terms of the transaction were not disclosed. Phoenix Logistics provides system development and life cycle management of integrated data transmission and inter connect solutions to the military and aerospace market and is based in Mesa.
1/12/2021 Crest Insurance Group, LLC acquired Gates Insurance Inc. The terms of the transaction were not disclosed. Crest provides insurance solutions and is based in Tucson. Gates operates as a full-service property and casualty firm and is based in Mesa.
1/12/2021 Asset Living acquired Shelton Residential, LLC. The terms of the transaction were not disclosed. Shelton offers property management services and is based in Phoenix.
1/12/2021 HomeServe USA Corp. acquired Canyon State Air Conditioning & Heating Inc. The terms of the transaction were not disclosed. Canyon offers air conditioning and heating, plumbing, indoor air quality, and water treatment services and is based in Sun City.
1/12/2021 Inszone Insurance Services, Inc. acquired Full Cycle Insurance Services. The terms of the transaction were not disclosed. Full Cycle offers insurance brokerage services and is based in Tempe.
1/12/2021 Advanced Medical Pricing Solutions, Inc. acquired Drexi, Inc. The terms of the transaction were not disclosed. Drexi develops an application that allows members to shop for the lowest priced prescriptions in their area and is based in Chandler.
1/12/2021 Sapphire Systems plc acquired Pioneer B1, LLC. The terms of the transaction were not disclosed. Pioneer develops, owns, and operates a platform that offers business management software and is based in Scottsdale.
1/15/2021 Troon Golf, LLC acquired Eagle Mountain Golf Club. The terms of the transaction were not disclosed. Eagle Mountain operates as a golf course and club and is based in Fountain Hills. Troon operates as a golf and club management, development, and marketing company worldwide and is based in Scottsdale. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Troon.
1/16/2021 The Pennant Group, Inc. (NasdaqGS:PNTG) acquired Sacred Heart Home Healthcare LLC. The terms of the transaction were not disclosed. Sacred Heart offers home health care services and is based in Tucson.
1/20/2021 Fyllo Inc. acquired DataOwl LLC. The terms of the transaction were not disclosed. DataOwl is a software company that offers customer relationship management and business intelligence solutions for the cannabis industry and is based in Scottsdale.
1/20/2021 Molded Devices, Inc. acquired Phoenix Manufacturing Ltd. The terms of the transaction were not disclosed. Molded Devices engages in plastic and rubber processing solutions to original equipment manufacturers and is based in Tempe. Dickinson Wright LLP and Willms & Shier Environmental Lawyers LLP served as legal advisors to Molded Devices.
1/21/2021 Verra Mobility Corporation (NasdaqCM:VRRM) agreed to acquire Redflex Holdings Limited (ASX:RDF) for $133.3 million. Verra provides smart mobility technology solutions and services and is based in Mesa. King & Wood Mallesons is serving as legal advisor to Verra.
1/25/2021 SitusAMC Holdings Corp. acquired Assimilate Solutions, LLC. The terms of the transaction were not disclosed. Assimilate is an outsourcing company that provides mortgage banking services, including real estate, mortgage banking, servicing, and title and settlement and is based in Tucson.
1/26/2021 Equality Health, LLC agreed to acquire Daraja Services. The terms of the transaction were not disclosed. Equality Health develops population health risk management technology and services platform for managed care plans and health systems and is based in Phoenix. Daraja provides consultancy services to hospitals, physicians, and ACOs and is based in Phoenix.
1/26/2021 New Use Energy Solutions Inc. acquired Footprint, GBC. The terms of the transaction were not disclosed. New Use Energy manufactures and distributes repurposed batteries and is based in Phoenix.
1/26/2021 Design Pickle, LLC acquired Design Hero Limited. The terms of the transaction were not disclosed. Design Pickle operates a graphic design platform that provides designing solutions to businesses and is based in Scottsdale.
1/27/2021 Verge Learning Inc. acquired XceptionalED, LLC. The terms of the transaction were not disclosed. XceptionalED operates a web-based platform that offers online educational courses and conferences for disability-focused professionals, educators, advocates, and parents and is based in Phoenix.
1/27/2021 Tucker Hill Air, Plumbing, & Electrical acquired Minuteman Home Services LLC. The terms of the transaction were not disclosed. Minuteman offers cooling and heating, electrical, and plumbing services and is based in Mesa. Tucker Hill provides home services, such as residential and commercial electrical and plumbing services, and is based in Tempe.
M&A - Financial
1/14/2021 Huron Capital Partners, LLC in partnership with senior management acquired Sunland Asphalt & Construction, Inc. The terms of the transaction were not disclosed. Sunland offers commercial asphalt paving, maintenance, and specialty contract services for roads, parking lots, and sports field artificial surfaces and is based in Phoenix.
Private Placements
1/6/2021 Publisher First, Inc. announced that it has received a round of funding from new investor ABRY Partners, LLC. Publisher First provides website monetization for publishers and e-commerce site operators and is based in Phoenix.
1/12/2021 Cray Pay, LLC announced that it has received a round of funding from new investor Dash Investment Foundation. Cray Pay is a loyalty platform operating in the U.S. aimed at streamlining instant rewards for users in online and store chains and is based in Mesa.
1/13/2021 Global Nephrology Solutions, LLC announced that it has received a round of funding from new investor Audax Management Company, LLC. Global Nephrology offers a nephrology practice management platform and is based in Tempe.
1/14/2021 Caremap Holdings LLC announced that it will receive $30.0 million in funding. As of January 29, 2021, the company received $20.0 million in its first tranche from one investor. CareMap operates in the healthcare industry and is based in Scottsdale.
1/19/2021 Apricus Health announced that it has entered into a capital investment agreement to receive $20.0 million in a round of funding from Virgo Investment Group. Apricus is a medical practice company that provides members a direct one-on-one relationship with healthcare providers and care navigators who are accessible from any location to diagnose and treat a range of medical conditions and is based in Scottsdale. Snell & Wilmer, L.L.P. served as legal advisor to Apricus.
1/26/2021 Equality Health, LLC announced that it has received a strategic round of funding from new investors General Atlantic Service Company, L.P. and Town Hall Ventures, and existing investor, DVSM, LLC. Equality develops population health risk management technology and services platform for managed care plans and health systems and is based in Phoenix. Squire Patton Boggs (US) LLP and Perkins Coie LLP served as legal advisors to Equality.
1/26/2021 Lectric eBikes announced that it has received a round of funding from new investor Bertram Capital Management, LLC. Lectric designs, manufactures, and sells electric bicycles and accessories and is based in Phoenix.