Arizona Deal Intelligence - April 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

4/1/2022 MediaAlpha, Inc. (NYSE:MAX) acquired all of the assets of Customer Helper Team LLC (CHT) for $50.0 million in cash at closing, adjusted for any working capital adjustments as set forth in the Agreement, plus up to an additional $20.0 million of contingent cash consideration based on CHT’s achievement of revenue and profitability targets over the next two years. CHT is a provider of customer generation and acquisition services for Medicare insurance, automobile insurance, health insurance, life insurance, debt settlement, and credit repair companies and is based in Scottsdale. Polsinelli PC served as legal advisor to the seller.

4/1/2022 Velosio, LLC acquired Silverware, Inc. The terms of the transaction were not disclosed. Silverware specializes in accounting and business management solutions (ERP), providing custom design, implementation, and support to a wide range of companies and industries throughout the U.S. and is based in Phoenix. Weiss Brown served as legal advisor to Silverware.

4/4/2022 So Saassy LLC, dba Better Agency, acquired Neoteric Agent. The terms of the transaction were not disclosed. Better Agency develops a broker-tech SaaS platform designed to help insurance agents automate their insurance sales and processes and is based in Mesa.

4/4/2022 US LBM Holdings, Inc. acquired Crown Components, L.L.C. The terms of the transaction were not disclosed. Crown manufactures and supplies structural roof and floor trusses to framing and building contractors and is based in Tolleson.

4/4/2022 D&H United Fueling Solutions, Inc. acquired Cochise Contractors, Inc. The terms of the transaction were not disclosed. Cochise offers petroleum construction, equipment sales, and general maintenance services and is based in Phoenix.

4/5/2022 Axon Enterprise, Inc. (NasdaqGS:AXON) acquired Foundry 45 LLC. The terms of the transaction were not disclosed. Axon develops, manufactures, and sells conducted energy devices and is based in Scottsdale. Morgan, Lewis & Bockius LLP served as legal advisor to Axon.

4/5/2022 Fullbay Inc. acquired Dieselmatic Digital Inc. The terms of the transaction were not disclosed. Fullbay develops and offers cloud-based shop management software for heavy-duty repair shops and is based in Phoenix.

4/6/2022 HomeServe USA Corp. acquired Sure Temp Air Conditioning, LLC. The terms of the transaction were not disclosed. Sure Temp offers heating and air conditioning service and is based in Mesa.

4/6/2022 Creative Planning, LLC acquired Hatton Consulting, Inc. The terms of the transaction were not disclosed. Hatton is a private wealth management firm based in Phoenix.

4/6/2022 VINCI Highways SAS acquired remaining 70% stake in TollPlus LLC. The terms of the transaction were not disclosed. TollPlus is a software company that develops toll road management solutions for the tolling sector and is based in Chandler.

4/8/2022 Ewing Irrigation Products, Inc. acquired Hageman Earth Cycle Inc. The terms of the transaction were not disclosed. Ewing supplies irrigation and landscape products and is based in Phoenix.

4/11/2022 WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Storstac Inc. The terms of the transaction were not disclosed. WillScot provides workspace and portable storage solutions and is based in Phoenix.

4/11/2022 Sun Auto Tire & Service Inc. acquired Superior Tire, Inc. The terms of the transaction were not disclosed. Superior provides automotive repair services and is based in Bullhead City. Sun Auto provides automotive aftermarket repair services under the BRAKEmax and Tire Works brands and is based in Tucson.

4/14/2022 MBI Industrial Medicine Inc. acquired HealthQuest Medical, Inc. The terms of the transaction were not disclosed. MBI owns and operates a chain of health care centers and is based in Phoenix.

4/19/2022 Spectrum Medical Care Center acquired the medical practice of Spectrum Medical Group PC. The terms of the transaction were not disclosed. Spectrum Medical Care Center provides medical care to the LGBTQ+ community and is based in Phoenix. Parker Law Team served as legal advisor to Spectrum Medical Group PC. Caritas Law Group and Snell & Wilmer served as legal advisors to Spectrum Medical Care Center.

4/19/2022 Lessen Inc. acquired EPM Build LLC. The terms of the transaction were not disclosed. Lessen develops a web-based platform for real estate and property services management and is based in Scottsdale.

4/19/2022 Go Car Wash Management, Corp. acquired eight Wash N Roll Express Car Washes. The terms of the transaction were not disclosed. Go offers car washing services in multiple states and is based in Gilbert.

4/25/2022 PRO EM Party and Event Rentals, LLC acquired Kirby Rentals, LLC. The terms of the transaction were not disclosed. PRO EM provides event management rental services and is based in Phoenix.

4/29/2022 Mister Car Wash, Inc. (NYSE:MCW) acquired Speedwash. The terms of the transaction were not disclosed. Mister Car Wash, together with its subsidiaries, provides conveyorized car wash services and is based in Tucson.

4/29/2022 Action Equipment & Scaffold Co., Inc. acquired Access Systems & Solutions, Inc. The terms of the transaction were not disclosed. Action manufactures, markets, and sells scaffolds, accessories, and planks and is based in Phoenix.

4/30/2022 Elevato acquired ParaCore, LLC. The terms of the transaction were not disclosed. ParaCore offers pay-per-click marketing and advertising services and is based in Chandler.

Private Placements

4/4/2022 TR8 Securities Inc., trading as Gotrade, announced it has received $15.5 million in its Series A round of funding led by new investor Velocity Capital Fintech Ventures Coöperatief U.A. with participation from Social Leverage Group, Mitsubishi UFJ Financial Group, Inc., Investment Arm, and others. Social Leverage Group is a principal investment firm based in Scottsdale.

4/14/2022 Firstparty Labs, Inc. announced that it has received $5.8 million in a round of funding from 17 investors. Firstparty offers an online platform for optimizing paid campaigns and is based in Scottsdale.

4/14/2022 SOURCE Global, PBC announced that it will receive $150.0 million in funding. As of April 29, 2022, the company received $108.9 million in its first tranche from 11 investors. SOURCE develops equipment that uses solar energy to produce potable water and is based in Tempe.

4/15/2022 Electronic Therapy announced that it has received a round of funding that included participation from new investor Great Point Partners, LLC. Electronic Therapy operates as a teletherapy company focused on providing direct service to students with special needs across schools in the United States and is based in Flagstaff.

4/19/2022 Radix Inc. announced that it has received $11.0 million in a round of funding led by new investor Level Equity Management, LLC. Radix is a SaaS company that develops and operates a web-based market survey platform that offers data and analytical tools and is based in Scottsdale.

4/28/2022 So Saassy LLC, dba Better Agency, announced that it will receive $8.0 million in its Series A funding. As of May 9, 2022, the company received $7.0 million in its first tranche from 6 investors. Better Agency develops a broker-tech SaaS platform designed to help insurance agents automate their insurance sales and processes and is based in Mesa.

4/29/2022 Creative Medical Technology Holdings, Inc. (NasdaqCM:CELZ) announced that it has entered into a securities purchase agreement with several institutional investors for a private placement for gross proceeds of $17.0 million. Creative Medical is a commercial stage biotechnology company specializing in stem cell technology in the fields of immunotherapy, urology, neurology, and orthopedics and is based in Phoenix.