Arizona Deal Intelligence - May 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
5/1/2021 Riester Corporation acquired Moses, Inc. The terms of the transaction were not disclosed. Moses provides marketing and advertising services and is based in Phoenix. Riester operates as an advertising and public relations company and is based in Phoenix.
5/4/2021 Sectigo Inc. acquired SiteLock, LLC. The terms of the transaction were not disclosed. SiteLock provides cloud-based technology and website repair services to online businesses and is based in Scottsdale.
5/4/2021 Fleetworthy Solutions, Inc. acquired Our Safety Department LLC. The terms of the transaction were not disclosed. Our Safety Department designs and develops safety and compliance software and services for the transportation industry and is based in Glendale.
5/4/2021 Pinnacle Dermatology, LLC acquired Spectrum Dermatology, PLLC. The terms of the transaction were not disclosed. Spectrum offers surgical, medical, and cosmetic dermatology, and plastic surgery services and is based in Scottsdale.
5/6/2021 Foundation Software, LLC acquired McCormick Systems Inc. The terms of the transaction were not disclosed. McCormick develops, markets, and supports estimating software for the construction industry and is based in Chandler.
5/7/2021 Goettl Home Services, LLC acquired Dynamic Air Services, Inc. and Dayton A/C & Heating LLC, dba Dayton Services. The terms of the transactions were not disclosed. Goettl is a provider of essential HVAC and plumbing services and is based in Phoenix.
5/10/2021 Trulieve Cannabis Corp. (CNSX:TRUL) agreed to acquire Harvest Health & Recreation Inc. (CNSX:HARV) for $1.2 billion. Harvest, together with its subsidiaries, cultivates, processes, sells, and retails inhalable, ingestible, and topical cannabis products in the United States and is based in Tempe. Bennett Jones LLP and Troutman Pepper LLP are serving as legal advisors to Harvest.
5/10/2021 Repay Holdings Corporation (NasdaqCM:RPAY) agreed to acquire Electronic Payment Providers, Inc., dba BillingTree, for $491.0 million. BillingTree provides payment processing solutions and is based in Scottsdale. Kirkland & Ellis LLP served as legal advisor to BillingTree.
5/11/2021 Veregy acquired Enpowered Solutions LLC. The terms of the transaction were not disclosed. Veregy provides engineering, design, and implementation services relating to infrastructure upgrades and energy-efficient sustainability and is based in Phoenix.
5/11/2021 Twenty20 Payments and MiCamp Solutions LLC acquired American Bank Payments LLC. The terms of the transaction were not disclosed. MiCamp provides payment processing and business solutions worldwide and is based in Phoenix.
5/12/2021 Service Champions, Inc. agreed to acquire Hobaica Services, Inc. The terms of the transaction were not disclosed. Hobaica provides heating, air conditioning, refrigeration, indoor air quality, and custom wine cellar services and is based in Phoenix.
5/12/2021 LearnKey, Inc. acquired the remaining 50% stake in Brighton College. The terms of the transaction were not disclosed. Brighton offers online distance learning education programs and is based in Scottsdale.
5/15/2021 Zensar Technologies, Inc. agreed to acquire M3bi, LLC for $30.6 million. M3bi provides IT services that include analytics, data integration, business intelligence, custom applications, mobility, quality assurance, and automation and is based in Scottsdale.
5/21/2021 Tucker Hill Air, Plumbing, & Electrical acquired Simple Home Comfort, LLC. The terms of the transaction were not disclosed. Simple Home Comfort provides heating, cooling, and air conditioning services including installation, repair, and maintenance services and is based in Mesa. Tucker Hill provides residential and commercial electrical and plumbing services and is based in Tempe.
5/24/2021 Garmin International, Inc. acquired AeroData, Inc. The terms of the transaction were not disclosed. AeroData develops and offers software-based performance solutions for commercial air carriers and business aircraft operators and is based in Scottsdale.
5/25/2021 Dura Software, Inc. acquired DVSAnalytics, Inc. The terms of the transaction were not disclosed. DVSAnalytics develops workforce optimization software solutions for enterprises and contact centers and is based in Scottsdale.
5/27/2021 Arizona Natural Resources, Inc. acquired Marianna Beauty Holdings, Inc. The terms of the transaction were not disclosed. 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.
M&A - Financial
5/19/2021 Accel-KKR LLC acquired GPS Insight, LLC. The terms of the transaction were not disclosed. GPS Insight provides GPS fleet tracking software and E-log solutions for businesses and government agencies with mobile assets and is based in Scottsdale.
Private Placements
5/4/2021 Prenda, Inc. announced that it will receive $21.2 million in funding. As of May 19, 2021, the company received $19.2 million in its first tranche from 13 investors. Prenda facilitates microschooling and in-home education and is based in Mesa.
5/6/2021 Local Motors announced that it has received a round of funding from GameAbove Mobility. Local Motors designs, manufactures, and deploys autonomous vehicles and is based in Chandler.
5/10/2021 SellingBee, Inc. announced that it has received a round of funding from new investor Nobel Investments. SellingBee is a cloud-based application that enables sales professionals to manage high-priority relationships and is based in Scottsdale.
5/24/2021 Growers House LLC announced that it will receive a round of funding from Cave Creek Capital Management LLC and RLJ Equity Partners, LLC. Growers House owns and operates a hydroponics supply and indoor gardening center and is based in Tucson.
5/24/2021 Valor IT, Inc., dba Valor Global Services, LLC, announced that it has received funding from new investor Gallant Capital Partners, LLC. Valor provides service desk and information technology managed services to clients and is based in Scottsdale.
5/26/2021 The Alkaline Water Company Inc. (NasdaqCM:WTER) announced that it has received $7.0 million in a round of funding from a single investor. The Alkaline Water Company produces, distributes, and markets bottled alkaline water and is based in Scottsdale.
5/28/2021 Stroll announced that it has received a round of funding from Simpleview, LLC. Simpleview designs and develops online and interactive web solutions for destination marketing organizations and is based in Tucson.