Arizona Deal Intelligence - January 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

1/3/2022 Trinity Logistics, Inc. acquired Team Eagle Logistics, Inc. The terms of the transaction were not disclosed. Team Eagle offers transportation and logistics services and is based in Scottsdale.

1/3/2022 SmartHealth, Inc., dba SmartPractice, agreed to acquire the Save-a-Tooth brand from Phoenix-Lazarus, Inc. The terms of the transaction were not disclosed. SmartPractice distributes healthcare products and supplies for health care professionals and is based in Phoenix.

1/4/2022 FlexCare Infusion Centers acquired InfuseAble Care. The terms of the transaction were not disclosed. InfuseAble operates an ambulatory infusion therapy center and is based in Scottsdale.

1/4/2022 SmartRent, Inc. (NYSE:SMRT) acquired iQuue, LLC. The terms of the transaction were not disclosed. SmartRent is an enterprise software company that provides an integrated smart home operating system and is based in Scottsdale.

1/4/2022 Crest Insurance Group, LLC acquired Foster & Associates LLC. The terms of the transaction were not disclosed. Crest is an independent insurance agency and is based in Tucson.

1/5/2022 Inszone Insurance Services, Inc. acquired Cabrera Insurance & Financial Services. The terms of the transaction were not disclosed. Cabrera offers insurance brokerage services and is based in Phoenix.

1/5/2022 Jackson Jet Center, LLC acquired Swift Aviation Services, Inc. The terms of the transaction were not disclosed. Swift provides aeronautical services and aircraft maintenance services and is based in Phoenix.

1/5/2022 SUEZ Water Technologies & Solutions acquired Sentinel Monitoring Systems, Inc. The terms of the transaction were not disclosed. Sentinel develops online and at-line microbial monitoring systems and is based in Tucson.

1/5/2022 Highway 89 Ventures acquired Broadband Holdings LLC, Digital Home Lifestyles LLC, Mereo Networks, LLC, and Vicidiem, Inc. All of these businesses are being united under the Mereo Networks brand. The transaction was supported by an investment of $100.0 million from Freedom 3 Capital. The terms of the transaction were not disclosed. Broadband offers end-to-end cabling installations and maintenance services and is based in Phoenix. Digital Home offers design, installation, and maintenance of integrated electronic systems and is based in Phoenix. Highway 89 delivers single-source fiber-based broadband internet and home automation solutions to multifamily and high-density real estate projects and is based in Phoenix.

1/6/2022 Paragon Space Development Corporation agreed to acquire Final Frontier Design. The terms of the transaction were not disclosed. Paragon designs and manufactures thermal control and life support systems for astronauts, contaminated water divers, and extreme environment adventurers, as well as for unmanned space and terrestrial applications and is based in Tucson.

1/6/2022 Pueblo Mechanical & Controls, LLC acquired Rocky Mountain Mechanical, Inc. The terms of the transaction were not disclosed. Pueblo provides HVAC and installation services and is based in Tucson.

1/7/2022 LAI International, Inc. acquired R&M Manufacturing, Inc. The terms of the transaction were not disclosed. LAI manufactures precision-engineered finished parts, components, and subassemblies for aerospace, power generation, defense, medical, electronics, and other advanced technology industries and is based in Tempe.

1/7/2022 Cerberus Cyber Sentinel Corporation acquired True Digital Security, Inc. for $170.7 million and was uplisted to NASDAQ from OTCQB on January 14, 2022 under the symbol “CISO.” Cerberus operates as a security services company and is based in Scottsdale. Gray Reed & McGraw LLP served as legal advisor to Cerberus.

1/10/2022 Effox-Flextor-Mader, Inc. agreed to acquire General Rubber LLC for $24.0 million. The terms of the transaction were not disclosed. Tucson Rubber designs and manufactures rubber expansion joints and is based in Tucson.

1/10/2022 Imaging Brands acquired Spiffy Gear. The terms of the transaction were not disclosed. Imaging Brands designs and manufactures photography and filmmaking equipment and is based in Phoenix.

1/10/2022 Vermeer Southwest acquired Vermeer Rocky Mountain, Inc. The combined companies will be named Vermeer Mountain West. The terms of the transaction were not disclosed. Vermeer Southwest supplies industrial equipment and is based in Chandler.

1/10/2022 LaneTerralever, LLC acquired Convince & Convert, LLC. The terms of the transaction were not disclosed. LaneTerralever operates as a digital marketing company and is based in Phoenix.

1/10/2022 Elevato agreed to acquire Markitors, LLC. The terms of the transaction were not disclosed. Markitors provides search engine optimization for businesses and is based in Scottsdale.

1/11/2022 Ellucian Company L.P. agreed to acquire CampusLogic, Inc. The terms of the transaction were not disclosed. CampusLogic develops a cloud-based student financial success platform used by college officials to help students manage scholarships, loans, and other financial supports and is based in Chandler.

1/11/2022 HostPapa, Inc. acquired Osiris Communications. The terms of the transaction were not disclosed. Osiris offers web hosting, domain registration, managed server, and e-commerce solutions and is based in Scottsdale.

1/11/2022 Goodmans Interior Structures, Inc. acquired Workspace Dynamics, Inc. The terms of the transaction were not disclosed. Goodmans operates as a dealer for interior furnishings and is based in Phoenix.

1/12/2022 Internetwork Expert, LLC acquired StackAdviser, LLC, dba CloudSkills.io. The terms of the transaction were not disclosed. CloudSkills.io offers cloud consulting and training for students and is based in Phoenix.

1/13/2022 Friendly Group acquired Day & Night Air Conditioning, Heating & Plumbing. The terms of the transaction were not disclosed. Day & Night provides air conditioning, heating, plumbing, and drain clearing services and is based in Phoenix.

1/14/2022 B2B Industrial Packaging LLC acquired Pioneer Packaging, Inc. The terms of the transaction were not disclosed. Pioneer offers packaging solutions and is based in Phoenix.

1/16/2022 BKD CPAs & Advisors acquired Schmidt Westergard & Company, PLLC. The terms of the transaction were not disclosed. Schmidt provides tax, audit, accounting, and business consulting services and is based in Mesa.

1/17/2022 Gen4 Dental Partners Opco, LLC acquired Harris Dental. On 1/31/2022, Gen4 acquired Smile One Services LLC. The terms of the transactions were not disclosed. Harris Dental offers cosmetic dental care services and is based in Phoenix. Gen4 develops and operates a dental consulting platform and is based in Tempe.

1/18/2022 WebPT, Inc. acquired Clinicient, Inc. The terms of the transaction were not disclosed. WebPT develops electronic medical record and practice management solutions for physical therapists, occupational therapists, and speech-language pathologists and is based in Phoenix. Willkie Farr & Gallagher LLP served as legal advisor to WebPT.

1/18/2022 Cutter Holding Co., dba Cutter Aviation Phoenix, Inc., acquired GTU Jet FBO. The terms of the transaction were not disclosed. Cutter provides aviation and fixed base operation services and is based in Phoenix.

1/20/2022 CSC ServiceWorks, Inc. acquired Happily Inc., dba One Tap Away. The terms of the transaction were not disclosed. One Tap is a developer of technology that serves multifamily housing to unlock new smart amenities, streamline package delivery, and offer contactless entry and is based in Tempe.

1/21/2022 Empower Physical Therapy acquired ProActive Physical Therapy & Sports Medicine, Inc. The terms of the transaction were not disclosed. Empower provides physical therapy practice management services and is based in Phoenix.

1/24/2022 Bowman Consulting Group Ltd. (NasdaqGM:BWMN) agreed to acquire Perry Engineering LLC. The terms of the transaction were not disclosed. Perry provides civil engineering consulting and land surveying services and is based in Tucson.

1/24/2022 Amyris, Inc. (NasdaqGS:AMRS) agreed to acquire the assets of MenoLabs, LLC. The terms of the transaction were not disclosed. MenoLabs develops probiotic supplements for the treatment of perimenopause and menopause symptoms and is based in Tucson.

1/25/2022 SK AeroSafety Group acquired Fire-Tec Aero Systems LLC. The terms of the transaction were not disclosed. Fire-Tec provides maintenance, repair, overhaul, sale, and exchange of aircraft fire extinguishers and oxygen cylinder assemblies and is based in Phoenix.

1/25/2022 CasterDepot acquired Tucson Truck & Caster. The terms of the transaction were not disclosed. CasterDepot manufactures heavy-duty and industrial casters and is based in Phoenix.

1/26/2022 Inszone Insurance Services, Inc. acquired Desert Mountain Insurance Services, Inc. The terms of the transaction were not disclosed. Desert Mountain offers insurance products for physicians, hospitals, and other healthcare facilities and is based in Scottsdale.

1/26/2022 Intrepid Group Limited acquired Wildland Trekking Company, LLC. The terms of the transaction were not disclosed. Wildland operates as a tour operator and is based in Flagstaff.

1/27/2022 Western Alliance Bank acquired Digital Settlement Technologies, dba Digital Disbursements. The terms of the transaction were not disclosed. Western Alliance provides banking services and is based in Phoenix.

1/27/2022 Christian Brands, Inc. acquired Alfred Mainzer Inc. The terms of the transaction were not disclosed. Christian Brands engages in distributing church supplies, equipment, and furniture and is based in Phoenix.

1/27/2022 Creative Brands acquired Bella il Fiore. The terms of the transaction were not disclosed. Creative manufactures, distributes, and imports gifts, inspirational products, and drinkware and is based in Phoenix.

1/27/2022 Clearwater Systems, Inc. acquired Northern Arizona Quality Water Inc. The terms of the transaction were not disclosed. Northern sells water treatment equipment and is based in Sedona.

1/31/2022 Creative Group, Inc. acquired Strategic Meetings and Incentives, LLC. The terms of the transaction were not disclosed. Strategic produces corporate incentive travel programs, events and meetings and is based in Scottsdale.

1/31/2022 Republic Services, Inc. (NYSE:RSG) acquired River City Waste Services LLC. The terms of the transaction were not disclosed. Republic offers environmental services and is based in Phoenix.

1/31/2022 Exodyne Inc. sold the stock of Dynamic Educational Systems Inc. to DESI Buyer LLC, a subsidiary of The Kaiser Group (DE) LLC. DESI provides workforce education, training and job placement programs for adults and youth in cooperation with federal and state job-training programs in various locations in the United States. Exodyne provides a variety of services to governmental, civic, and private organizations and is based in Phoenix. Jennings Strouss & Salmon PLC served as legal advisor to Exodyne and Dynamic Educational Systems.

M&A - Financial

1/26/2022 Eurazeo SE (ENXTPA:RF) and the existing management team of Cranial Technologies, Inc. agreed to acquire an unknown majority stake in Cranial Technologies, Inc. The terms of the transaction were not disclosed. Cranial operates a network of clinics to treat infants with plagiocephaly and is based in Tempe.

Private Placements

1/6/2022 Sarcophagus.io announced that it has received $5.4 million in a round of funding from Inflection Equity Partners, Compound, Venture51 Capital Fund LLP, and other investors. Venture51 is a venture capital firm and is based in Phoenix.

1/18/2022 CFM, Inc. announced that it has received a round of funding from new investor OceanSound Partners, LP. CFM develops software that integrates core banking systems with branch technology, including cash recyclers, self-service kiosks, and tablet banking interfaces, and is based in Tempe.

1/20/2022 Tesis Labs LLC announced that it has received $16.0 million in a round of funding from 5 investors. Tesis uses a genetically integrated medical platform for targeted genetic sequencing and comprehensive genetic data collection to support multiple medical specialties and is based in Phoenix.