Arizona Deal Intelligence - August 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

8/1/2022 Strategic Risk Solutions Inc. acquired Southern Cross. The terms of the transaction were not disclosed. Strategic Risk provides management and consulting services to the captive insurance industry in the U.S. and internationally and is based in Phoenix.

8/2/2022 Rick Engineering Company, Inc. acquired Cypress Civil Development, LLC. The terms of the transaction were not disclosed. Cypress owns and operates a civil engineering firm that offers survey, site consulting, site engineering, and strategic partnership services and is based in Tucson.

8/2/2022 A.N. Webber Logistics Inc. acquired Hicks-Co, Inc. The terms of the transaction were not disclosed. Hicks provides freight shipping and trucking logistics services through step-deck trucks, flatbeds, vans, and refrigerated transportation and is based in Queen Creek.

8/3/2022 Class Valuation, LLC acquired AppraisalTek. The terms of the transaction were not disclosed. AppraisalTek provides appraisal management services to serve homeowners, residential, and commercial real estate, attorneys, and accountants and is based in Chandler.

8/3/2022 Matrix Financial Services Corporation agreed to acquire RoundPoint Mortgage Servicing Corporation for $10.5 million. Matrix acquires and manages residential mortgage loans and assets and is based in Phoenix.

8/8/2022 Everett Cash Mutual Insurance Company agreed to acquire American Reliable Insurance Company (ARIC) from Global Indemnity Group, LLC (NYSE:GBLI) for $85.0 million. In two related transactions, Everett acquired ARIC’s Farm, Ranch, and Equine Book of Renewal Business and ARIC's Farm, Ranch, and Equine Business. ARIC provides coverage for farms, ranches, and other aspects of the equine industry and is based in Scottsdale.

8/8/2022 Emvenio Research, Inc. acquired the Matrix Clinical Trials service line of Matrix Medical Network of Arizona, L.L.C. The terms of the transaction were not disclosed. Matrix, a subsidiary of Community Care Health Network, Inc., offers customizable solutions across three lines of business via in-home visits, telehealth, on-site support at medical facilities and businesses, and mobile health clinics, and is based in Scottsdale.

8/9/2022 Central Arizona Supply, Inc. acquired Benjamin Supply Inc. The terms of the transaction were not disclosed. Benjamin is a supplier of plumbing products and is based in Tucson. Central Arizona Supply is a wholesale and retail supplier of plumbing fixtures and is based in Mesa.

8/10/2022 Commercial Foodservice Repair, Inc. acquired Arrowhead Commercial Equipment. The terms of the transaction were not disclosed. Arrowhead provides repair services, preventative maintenance, and installation of foodservice and refrigeration equipment and is based in Glendale.

8/12/2022 Valenz acquired Certus Management Group, Inc. The terms of the transaction were not disclosed. Valenz develops payment integrity solutions for third party administrators, self-insured groups, labor and trust organizations, stop-loss carriers, and health plans and is based in Phoenix.

8/16/2022 The Aspen Group (TAG) acquired AZ Pet Vet. The terms of the transaction were not disclosed. Founded over 35 years ago, AZ Pet Vet is the largest veterinary practice in Arizona with 22 animal hospitals in the greater Phoenix area providing advanced primary care for companion animals, as well as cutting-edge medical, dental, and surgical care. Gallagher & Kennedy served as legal advisor to AZ Pet Vet.

8/18/2022 Arizona Natural Resources, Inc. acquired Contract Filling, 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. Norton Rose Fulbright served as legal advisor to Arizona Natural Resources.

8/22/2022 Cloverleaf Networks, LLC agreed to acquire Ryver. The terms of the transaction were not disclosed. Ryver develops and operates an Internet of Things platform for teams to communicate, manage tasks, and automate business processes and is based in Scottsdale. Cloverleaf operates as an internet service provider and is based in Scottsdale.

8/26/2022 A1 Garage Door Service acquired Don's Garage Doors. The terms of the transaction were not disclosed. A1 provides installation, servicing, repair, and other garage door services and is based in Phoenix.

8/29/2022 Cerberus Cyber Sentinel Corporation (NasdaqCM:CISO) acquired CUATROi. The terms of the transaction were not disclosed. Cerberus operates as a security services company in the U.S. and is based in Scottsdale.

8/30/2022 Cadence Education, Inc. acquired Little Big Minds Early Childhood Bilingual Center LLC. The terms of the transaction were not disclosed. Little Big Minds provides Spanish immersion programs that help students to develop early childhood bilingualism and is based in Scottsdale. Cadence provides childhood and private elementary education services and is based in Scottsdale.

M&A - Financial

8/8/2022 TruArc Partners, LP acquired Molded Devices, Inc. The terms of the transaction were not disclosed. Molded Devices engages in plastic and rubber processing solutions to original equipment manufacturers and is based in Tempe. Dentons Cohen & Grigsby P.C. served as legal advisor to Molded Devices.

8/22/2022 Kinderhook Industries, LLC agreed to acquire Gulf Tanks Holdings, Inc. from WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) for an enterprise value of approximately $323.0 million. Gulf Tanks, through its subsidiary, provides long and short-term rental of mobile liquid and solid storage tanks, containers, pumps, and filters in the U.S. and is based in Phoenix. Mobile Mini provides portable storage solutions and tank and pump solutions in the U.S., the United Kingdom, and Canada and is based in Phoenix.

8/24/2022 OMERS Private Equity acquired an unknown majority stake in Pueblo Mechanical & Controls, LLC. The terms of the transaction were not disclosed. Pueblo provides HVAC and installation services for school districts, governmental agencies, municipalities, and private firms and is based in Tucson. Perkins Coie LLP served as legal advisor to Pueblo.

8/31/2022 Harkness Cyclone Holdings, Inc. and Harkness Cyclone Intermediate Holdings, Inc. acquired all of the equity interests of Capital Pump & Equipment LLC. Capital Pump leases and sells equipment for use in pumping operations and is based in Chandler. The Harkness entities are affiliated with Harkness Capital Partners, a private equity firm based in New York. Jennings, Strouss & Salmon PLC served as legal advisor to the Harkness entities.

Private Placements

8/2/2022 GMTO Corporation announced that it has received $205.0 million in a round of funding led by new investor Carnegie Institution for Science with participation from Harvard University, Fundacao de Amparo a Pesquisa do Estado de Sao Paulo, The University of Texas at Austin, The University of Arizona, and The University of Chicago. GMTO is an international nonprofit organization that is designing, building, and operating the Giant Magellan Telescope on Las Campanas Peak in Chile. The University of Arizona is an educational institution that offers graduate and postgraduate programs and is based in Tucson.

8/4/2022 The Outset Group LLC announced that it has received a round of funding in a transaction that included participation from Najafi Companies. Najafi is a private equity firm based in Phoenix.

8/8/2022 Prisma announced that it has received a round of funding from CenterGate Capital, L.P. On 8/20/2022, Prisma announced that it has received funding from Maranon Capital, L.P. Prisma offers printing, marketing, direct response, and logistics services and is based in Phoenix.

8/11/2022 Iveda Solutions, Inc. (NasdaqCM:IVDA) announced that it has received $5.0 million in funding from two investors. Iveda provides artificial intelligence and digital transformation technologies in the U.S. and Taiwan and is based in Mesa.

8/16/2022 LivWell Infusions announced that it has received a round of funding from new investor Frontline Healthcare Partners, LLC. LivWell operates ambulatory infusion centers and offers infusion practice management services to physicians and patients and is based in Scottsdale.

8/18/2022 SynSaber Inc. announced that it has raised $13.0 million in a round of funding led by returning investors SYN Ventures with participation from Rally Ventures and Cyber Mentor Fund. SynSaber provides an industrial asset and network monitoring solution that provides insights into status, vulnerabilities, and threats and is based in Chandler.

8/29/2022 Nine Realms, Inc. announced that it has received $6.0 million in funding from six investors. Nine Realms designs a crypto-currency platform that brings institutional liquidity to THORChain and is based in Phoenix.

8/30/2022 Good Health Medical, P.C., dba MY DR NOW, announced that it has received an equity round of funding led by new investor Kain Capital LLC. MY DR offers primary health care and immediate care services for all ages and is based in Chandler. McGuireWoods LLP served as legal advisor to MY DR.

8/31/2022 Wreno announced that it has received $5.0 million in a round of funding led by new investor Lerer Hippeau Ventures Management, LLC with participation from new investors Fifth Wall Ventures Management, LLC, Owl Ventures, NFX Capital Management, LLC, and other investors. Wreno designs and develops an end-to-end home evaluation and maintenance service platform for iBuyers, REITs, and prop-tech companies and is based in Scottsdale.

8/31/2022 Flagship Biosciences, Inc. announced that it has it has received an equity investment that included participation from Ampersand Management LLC, Research Corporation Technologies, and BroadOak Capital Partners LLC. Research Corporation is a venture capital firm based in Tucson.