Arizona Deal Intelligence - November 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
11/1/2022 Enhabit, Inc. (NYSE:EHAB) acquired Unity Hospice. The terms of the transaction were not disclosed. Unity provides home health and hospice services in the U.S. and is based in Mesa.
11/1/2022 Medical Solutions acquired Host Healthcare, Inc. The terms of the transaction were not disclosed. Medical provides home infusion services and is based in Phoenix.
11/1/2022 Heffernan Financial Services Inc. acquired Osland Financial Services Inc. The terms of the transaction were not disclosed. Osland offers financial planning and portfolio management services for individuals and business owners, including wealth management, retirement strategies, insurance, and annuity products and is based in Scottsdale.
11/2/2022 Dogs 24/7 LLC acquired Lazy Dog Crazy Dog. The terms of the transaction were not disclosed. Dogs 24/7 engages in pet care services and is based in Chandler.
11/2/2022 Cogir Management USA acquired Cadence Living. The terms of the transaction were not disclosed. Cadence provides independent living, assisted living, and memory care services and is based in Scottsdale.
11/3/2022 HUB International Limited acquired the assets of Priority Insurance Associates, LLC. The terms of the transaction were not disclosed. Priority operates as an insurance agency that provides commercial and personal insurance solutions to individuals and businesses and is based in Scottsdale.
11/3/2022 Henry+Horne, LLP and Baker Tilly US, LLP announced their intent to combine. The terms of the transaction were not disclosed. Henry+Horne is an independent accounting firm based in Tempe.
11/4/2022 Canusa Hershman Recycling, LLC acquired Recycle1, LLC. The terms of the transaction were not disclosed. Recycle1 provides commercial recycling and product destruction services and is based in Phoenix.
11/9/2022 Molded Devices, Inc. (MDI) acquired Schauenburg-Truplast Hose Technology Ltd and GlobalMed Inc. The terms of the transaction were not disclosed. MDI engages in plastic and rubber processing solutions to original equipment manufacturers and is based in Tempe. Davis Polk served as legal advisor to MDI.
11/11/2022 Advancing Eyecare Holdings, Inc. acquired Veatch Ophthalmic Instruments. The terms of the transaction were not disclosed. Veatch distributes ophthalmic equipment to vision care providers and is based in Tempe.
11/14/2022 Strata Clean Energy, LLC acquired Crossover Energy Partners LLC. The terms of the transaction were not disclosed. Crossover manufactures renewable energy storage and custom energy transition products for utilities and large energy users and is based in Phoenix.
11/14/2022 Empire Southwest, LLC agreed to acquire Cashman Equipment Company. The terms of the transaction were not disclosed. Empire sells, rents, and services machinery and power generation equipment to contractors and is based in Mesa.
11/15/2022 University HQ acquired Discover Early Childhood EDU. The terms of the transaction were not disclosed. University HQ is an educational institution that offers education services through online and on-campus schools and colleges and is based in Scottsdale.
11/17/2022 Evolent Health, Inc. (NYSE:EVH) agreed to acquire Magellan Specialty Health, Inc. and National Imaging Associates, Inc. from Magellan Health, Inc. and Magellan Healthcare, Inc. for $751.8 million. Magellan, together with its subsidiaries, provides healthcare management services in the U.S. and is based in Phoenix.
11/17/2022 Reverie Mind acquired Arizona Ketamine Treatment & Research Institute, LLC. The terms of the transaction were not disclosed. Arizona Ketamine engages in providing ketamine therapy and research services for neuro-psychiatric disorders to the clinical and medical research communities and is based in Tempe. Reverie operates a psychedelic clinic and research organization for mental wellness services and coordinated clinical trials and is based in Gilbert.
11/28/2022 IncreMedical Therapy Solutions, LLC acquired the managed services agreement division of Exos, Inc. The terms of the transaction were not disclosed. Exos is a human performance company that provides training, nutrition, physical therapy, consulting, and sports science services for professional athletes and is based in Phoenix.
Private Placements
11/1/2022 IronRod Health announced that it has received funding from HCAP Partners. IronRod owns and operates a remote health monitoring platform and is based in Phoenix.
11/4/2022 GoX Studio, Inc., dba GoX Labs, announced that it has received funding in a transaction that included participation from new investor SeAH Besteel Holdings Corporation (KOSE:A001430). GoX provides workforce injury risk predictive analytics and risk management tools on its AI-powered SaaS dashboard and is based in Phoenix.
11/4/2022 Atlis Motor Vehicles, Inc. (NasdaqGM:AMV) announced the closing of the initial $10.0 million tranche of a total anticipated $30.0 million private placement with institutional investors. Atlis develops and manufactures electric vehicle trucks and charging infrastructure and is based in Mesa.
11/9/2022 Phoenix Rising Football Club announced that it has received a round of funding that included participation from new investor Vincere Capital LLC. Phoenix Rising operates a soccer club and is based in Phoenix. Vincere is a family office based in Scottsdale. Dentons served as legal advisor to Phoenix Rising. Brotschul Potts LLC served as legal advisor to Vincere.
11/10/2022 Luxelocker LLC announced that it will receive $21.2 million in funding. As of 11/25/2022, the company has raised $12.6 million in its first tranche from 16 investors. Luxelocker operates self-storage facilities for recreational vehicles and boat storage and is based in Lake Havasu City.
11/17/2022 Narwhal Technologies Inc. announced that it has raised $8.6 million in a round of funding co-led by new investors Nexus Venture Partners and Andreessen Horowitz LLC. Gilbert-based Narwhal offers developer tools for real-world problems faced by development teams and is the company behind the open source build system Nx.
11/21/2022 MyLand Company Inc. announced that it has raised $12.0 million in its Series B round of funding led by The Borden Family Trust and Waterpoint Lane. MyLand is a soil health company based in Phoenix.
11/27/2022 Bionaut Labs, Inc. announced that it has received $43.2 million in a round of funding led by returning investor Khosla Ventures, LLC with participation from new investors Deep Insight, OurCrowd Ltd., Public Safety Personnel Retirement System of the State of Arizona, and other investors. Public Safety is a privately owned investment manager based in Phoenix.