Arizona Deal Intelligence - October 2022
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
10/1/2022 Fennemore Craig acquired Rynn & Janowsky, LLP. The terms of the transaction were not disclosed. Fennemore offers legal advisory services and is based in Phoenix.
10/1/2022 Thompson Golf Group acquired Longbow Golf Club. The terms of the transaction were not disclosed. Longbow operates as a golf club and is based in Mesa. Thompson owns and operates four daily-fee golf clubs and is based in Gilbert.
10/3/2022 Choice Health at Home, LLC acquired Instant Care of Arizona. The terms of the transaction were not disclosed. Instant provides non-medical and in home care services and is based in Phoenix.
10/5/2022 Access Truck Parts, LLC acquired Summit Hydraulics LLC. The terms of the transaction were not disclosed. Summit manufactures and supplies hydraulic couplers and valves to construction, agricultural, and forestry industries and is based in Phoenix. Access engages in the distribution of water distribution equipment primarily used in the commercial water truck industry and is based in Phoenix.
10/6/2022 Viavi Solutions Inc. (NasdaqGS:VIAV) acquired Jackson Labs Technologies, Inc. The terms of the transaction were not disclosed. Viavi provides network test, monitoring, and assurance solutions for communications service providers, enterprises, network equipment manufacturers, original equipment manufacturers, government, and avionics customers worldwide and is based in Chandler.
10/6/2022 InVita Healthcare Technologies acquired BloodHub. The terms of the transaction were not disclosed. BloodHub develops blood and biologics supply chain automation solutions and is based in Phoenix.
10/11/2022 GPS Insight, LLC acquired Certified Tracking Solutions Inc. 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.
10/11/2022 Unical Aviation, Inc. acquired CAVU Component Repair LLC. The terms of the transaction were not disclosed. CAVU provides aircraft component repair services and is based in Mesa.
10/12/2022 Colliers International Group Inc. (TSX:CIGI) agreed to acquire an unknown majority stake in Arcadia Management Group, Inc. The terms of the transaction were not disclosed. Arcadia operates as a commercial property management company in the Western U.S. and is based in Phoenix.
10/14/2022 Safelite Group, Inc. acquired the auto glass assets of Reliable Glass. The terms of the transaction were not disclosed. Reliable owns and operates an auto glass service and is based in Phoenix.
10/20/2022 Sun Auto Tire & Service Inc. acquired TGK Automotive Specialists and Toscalito Tire & Automotive. The terms of the transaction were not disclosed. Sun provides automotive aftermarket repair services under the BRAKEmax and Tire Works brands and is based in Tucson.
10/20/2022 Ewing Irrigation Products, Inc. acquired SiteLight ld, Inc. The terms of the transaction were not disclosed. Ewing distributes irrigation and landscape products and is based in Phoenix.
10/21/2022 Port Jersey Logistics acquired TruckItNow, Inc. The terms of the transaction were not disclosed. TruckItNow provides logistics services in the U.S. and Canada and is based in Tucson.
10/26/2022 Cavco Industries, Inc. (NasdaqGS:CVCO) agreed to acquire Solitaire Homes, Inc. for $93.0 million. Cavco designs, produces, and retails manufactured homes primarily in the U.S. and is based in Phoenix. Polsinelli is serving as legal advisor to Cavco.
10/28/2022 Go Car Wash Management, Corp. acquired Superior Car Wash. The terms of the transaction were not disclosed. Go offers car washing services in Kansas, Missouri, Nevada, and Texas and is based in Gilbert.
M&A - Financial
10/6/2022 Alpine Management Services III, LLC acquired Ethisphere LLC. The terms of the transaction were not disclosed. Ethisphere operates as a center for research, practices, and thought leadership in corporate ethics and compliance and is based in Scottsdale.
Private Placements
10/3/2022 Loop Inc. announced that it has raised $60.0 million in a round of funding co-led by Fifth Wall Ventures Management, LLC and Agility Ventures. The transaction included a $20.0 million senior-secured credit facility from current lender Keystone National Group, LLC. Agility is a venture capital firm based in Prescott.
10/18/2022 Virtuous Software, Inc. announced that it has received $14.0 million in funding from 3 investors. Virtuous develops a customer relationship management and marketing platform that enables non-profit organizations and charitable institutions to raise money and is based in Phoenix.
10/20/2022 Bills.com, LLC, dba Achieve.com, announced that it has raised $225.0 million in funding from UBS O'Connor LLC and other investors. Achieve operates as a marketing lead generator for affiliates and non-affiliates and as a broker for loans and debt resolution services offered by its affiliates and is based in Tempe. Sullivan & Cromwell LLP served as legal advisor to Achieve.
10/20/2022 Rotomaire, Inc., dba Banyan, announced that it has raised $43.0 million in its equity and debt round of funding co-led by M13 Ventures Management, LLC and returning investor Fin Capital with participation from Interplay Family Office LLC, Western Alliance Bank, and other investors. Western Alliance is a bank based in Phoenix.
10/25/2022 RapidSOS, Inc. announced that it has received $75.0 million in a round of funding led by NightDragon Growth I, L.P. with participation from Balyasny Asset Management L.P., Insight Venture Management, LLC, Axon Enterprise, Inc. (NasdaqGS:AXON), and other investors. Axon develops, manufactures, and sells conducted energy devices under the TASER brand in the U.S. and internationally and is based in Scottsdale.