Arizona Deal Intelligence - September 2023
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
9/1/2023 The Pennant Group, Inc. (NasdaqGS:PNTG) acquired Valor HospiceCare. The terms of the transaction were not disclosed. Valor provides skilled hospice services in Tucson, Green Valley, and Sierra Vista.
9/1/2023 Clear Title Agency Of Arizona, LLC acquired the operating assets of First Arizona Title. The terms of the transaction were not disclosed. First Arizona has been a provider of title and escrow services in the Phoenix metro market for over 21 years. Clear Title provides full-service residential and commercial title and escrow services with multiple locations across the Valley and in Flagstaff and is based in Phoenix.
9/5/2023 Tempest Interactive Media, LLC acquired The Sports Tourism Index™ from Huddle Up Group, LLC. The terms of the transaction were not disclosed. Huddle is a sports tourism, marketing, venue, and event consulting company and is based in Phoenix. The Sports Tourism Index™ is utilized by sports organizations and has the largest searchable facility and event database in the sports tourism industry. Tempest provides CRM, web and digital marketing solutions that empower innovative destination organizations to grow and make a positive impact in their communities and is based in Tucson.
9/6/2023 Align Technology, Inc. (NasdaqGS:ALGN) agreed to acquire additional unknown stake in Cubicure GmbH for $84.7 million. Align designs, manufactures, and markets Invisalign clear aligners, and iTero intraoral scanners and services for orthodontists and general practitioner dentists and is based in Tempe.
9/6/2023 Safe-Way Garage Doors LLC agreed to acquire all assets of 1st United Door Technologies. The terms of the transaction were not disclosed. 1st United manufactures and markets garage doors and is based in Tempe. Buchalter is serving as legal advisor to 1st United.
9/6/2023 A. O. Smith Corporation (NYSE:AOS) acquired Water Tec of Tucson. The terms of the transaction were not disclosed. Water Tec manufactures, retails, installs, and provides commercial services for water treatment equipment for residential, commercial, institutional, and industrial use and is based in Tucson.
9/8/2023 Climatec, LLC acquired West Coast Fire & Integration Inc. The terms of the transaction were not disclosed. Climatec provides building technology solutions and energy services to commercial building owners and is based in Phoenix.
9/11/2023 Diverzify acquired Wholesale Floors, LLC. The terms of the transaction were not disclosed. Wholesale Floors provides flooring solutions for institutional and corporate clients and is based in Phoenix.
9/13/2023 Arax Investment Partners acquired Ashton Thomas Private Wealth, LLC. The terms of the transaction were not disclosed. Ashton Thomas is a diversified financial advisory firm and is based in Scottsdale.
9/14/2023 Envela Corporation (NYSEAM:ELA) agreed to acquire Steven Kretchmer, Inc. The terms of the transaction were not disclosed. Steven Kretchmer designs and manufactures jewelry products and is based in Scottsdale.
9/15/2023 Valenz acquired Kisx Card, LLC. 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.
9/18/2023 Independence Pet Group, Inc. acquired Felix Cat Insurance. The terms of the transaction were not disclosed. The Felix pet insurance brand was created and operated by The Connected Pet Company, LLC, a multi-brand channel pet marketing insurance agency based in Phoenix, licensed and marketing in all 50 states plus D.C.
9/19/2023 Southwire Company, LLC agreed to acquire the Genesis Cable business of Resideo Technologies, Inc. (NYSE:REZI) for $87.5 million. The transaction closed on 10/16/2023. Resideo develops, manufactures, and sells comfort, energy management, and safety and security solutions and is based in Scottsdale. Resideo's Genesis Cable business is a low-voltage wire and cable manufacturer. Willkie Farr & Gallagher LLP served as legal advisor to Resideo.
9/27/2023 Technical Safety Services, LLC acquired Controlled Environment Management, LLC. The terms of the transaction were not disclosed. Controlled provides cleanroom testing and certification services and is based in Gilbert.
9/27/2023 AM Conservation Group, Inc. acquired Evolve Technologies LLC. The terms of the transaction were not disclosed. Evolve manufactures shower products for water and energy saving and is based in Scottsdale.
9/30/2023 Discount Tire acquired the retail tire and automotive maintenance operations of Dunn Tire LLC. The terms of the transaction were not disclosed. Discount Tire is an independent retailer of tires and wheels and is based in Scottsdale.
Private Placements
9/15/2023 Nikola Corporation (NasdaqGS:NKLA) announced that it has raised a round of funding that included participation from new investor Innovative Trailer Design Industries Inc. Nikola operates as a technology innovator and integrator that develops energy and transportation solutions and is based in Phoenix.