Arizona Deal Intelligence - January 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

1/1/2023 An affiliated company of E-J Electric Installation Co. acquired CS Construction, Inc. (CSCI). The terms of the transaction were not disclosed. Based in Phoenix, CSCI is a market leader in traffic signals, lighting and concrete-based solutions. Columbia West served as the exclusive financial advisor to CSCI. Dickinson Wright PLLC served as legal advisor to CSCI.

1/1/2023 Gainshare, Inc. acquired the corporate IT training business from Centriq Group, LLC, dba Centriq Training. The terms of the transaction were not disclosed. Gainshare is an education services company based in Phoenix.

1/1/2023 Gust Rosenfeld P.L.C. acquired Hufford, Horstman, Mongini, Parnell & Tucker, P.C. The terms of the transaction were not disclosed. Gust Rosenfeld is a full-service law firm based in Phoenix.

1/3/2023 Rock Pros USA LLC acquired Kalamazoo Materials, Inc. The terms of the transaction were not disclosed. Kalamazoo manufactures landscape rocks, boulders, and decorative stones and is based in Tucson. Rock Pros manufactures granite rock, gravel, and boulder materials and is based in Mesa.

1/4/2023 Montway LLC acquired Auction Direct Transport, LLC. The terms of the transaction were not disclosed. Auction Direct provides automotive transport brokerage services and is based in Mesa.

1/4/2023 Karrington Clinical Laboratory, LLC acquired the Matrix Clinical Laboratory from Community Care Health Network, Inc., dba Matrix Medical Network. The terms of the transaction were not disclosed. Matrix provides in-home care services through a national network of nurse practitioners and is based in Scottsdale.

1/4/2023 Café Valley, Inc., dba Café Valley Bakery, acquired Freed's Bakery, LLC. The terms of the transaction were not disclosed. Café Valley produces and distributes bakery products and is based in Phoenix. Jones Day served as legal advisor to Café Valley.

1/5/2023 eAssist, Inc. acquired Unitas PPO Solutions, LLC. The terms of the transaction were not disclosed. Unitas provides PPO insurance reimbursement analysis services and is based in Mesa.

1/5/2023 Dedrone Holdings, Inc. acquired A&H Security Enterprises, LLC, dba Aerial Armor. The terms of the transaction were not disclosed. Aerial Armor provides integrated drone detection services and is based in Phoenix.

1/5/2023 John Whitford Communications acquired Quickdraw Networks. The terms of the transaction were not disclosed. Quickdraw operates as a Starlink internet installation company and is based in Mohave Valley.

1/6/2023 RealManage, LLC acquired Brown Community Management, Inc. The terms of the transaction were not disclosed. Brown operates as a full-service professional management firm that specializes in the management and consulting of homeowners associations and condominium developments and is based in Mesa.

1/10/2023 Sun Auto Tire & Service Inc. acquired Tire Outlet Direct, LLC. The terms of the transaction were not disclosed. Sun Auto provides automotive aftermarket repair services and is based in Tucson.

1/10/2023 Allied Solutions, LLC agreed to acquire a majority stake in Vero, LLC. The terms of the transaction were not disclosed. Vero designs and develops data breach and identify theft recovery solutions and is based in Scottsdale.

1/10/2023 Infrastructure Renewal Company acquired Insta-Pipe, Inc. and Interactive Pipe Inspection, Inc. The terms of the transaction were not disclosed. Infrastructure Renewal acquires and builds businesses in the U.S. infrastructure sector and is based in Phoenix.

1/12/2023 Lessen Inc. acquired SMS Assist, L.L.C. for $950.0 million. Lessen develops and offers a web-based platform for real estate and property services management and is based in Scottsdale. Fenwick & West LLP served as legal advisor to Lessen.

1/17/2023 Brandendo acquired Aftershock Enterprises LLC. The terms of the transaction were not disclosed. Aftershock is a digital marketing company based in Tempe. Brandendo provides online marketing solutions and is based in Mesa.

1/17/2023 Goettl Home Services, LLC acquired Nevada Heating, Cooling, Plumbing, Fireplace, Inc. The terms of the transaction were not disclosed. Goettl Home Services provides residential HVAC and plumbing services throughout the Southwest and is based in Phoenix.

1/17/2023 The Armored Group, LLC acquired IF Armor International, LLC. The terms of the transaction were not disclosed. Phoenix-based Armored Group engineers, manufactures, and customizes armored vehicles for use by government, military agencies, law enforcement, private businesses, and individual citizens around the world.

1/17/2023 Amtech Systems, Inc. acquired Entrepix, Inc. for $35.0 million. Amtech manufactures and sells capital equipment and related consumables and is based in Tempe. Entrepix provides chemical mechanical polishing technology and services to the semiconductor and related industries and is based in Phoenix.

1/18/2023 Machine Solutions Inc. acquired Vela Technologies Inc. The terms of the transaction were not disclosed. Machine Solutions provides advanced equipment and services to the medical device and life sciences industries and is based in Flagstaff.

1/18/2023 Evernest, LLC acquired Stratton Property Management LLC. The terms of the transaction were not disclosed. Stratton provides property management services and is based in Tucson.

1/20/2023 JETNET LLC acquired ADS-B Exchange. The terms of the transaction were not disclosed. ADS-B Exchange collects data from over 10,000 receivers located around the world, aggregating the data onto a real-time web-based display for enthusiasts, and raw-data products for professional and commercial usage, and is based in Fountain Hills.

1/23/2023 LifePoint Health, Inc. acquired Cornerstone Behavioral Health El Dorado. The terms of the transaction were not disclosed. Cornerstone operates behavioral health service centers that provide acute inpatient treatment for mental health and substance use disorders and is based in Tucson.

1/23/2023 Ewing Irrigation Products, Inc. acquired All Brite Fencing, Inc. The terms of the transaction were not disclosed. All Brite manufactures and sells landscaping materials and is based in Goodyear. Ewing distributes irrigation and landscape products and is based in Phoenix.

1/25/2023 McKinney Ventures LLC acquired August United, LLC and Tailwind from Audacious Studios, LLC. The terms of the transactions were not disclosed. August United operates as an influencer marketing agency and is based in Tempe. Tailwind operates as a performance marketing agency and is based in Tempe. Audacious provides interactive marketing and advertising services and is based in Tempe.

1/26/2023 Encora acquired Excellarate. The terms of the transaction were not disclosed. Encora is a global next-gen product engineering provider that provides services such as Predictive Analysis, Machine Learning, Artificial Intelligence, IoT, and Cloud Test Automation, and is based in Scottsdale.

1/26/2023 Cash Flow Management, LLC (CFM) acquired NXTSoft LLC. The terms of the transaction were not disclosed. CFM develops integrated financial solutions for banks and is based in Tempe. Skadden, Arps, Slate, Meagher & Flom LLP served as legal advisor to CFM.

1/26/2023 cloudIT, LLC acquired MDC Technologies. The terms of the transaction were not disclosed. Phoenix-based cloudIT provides managed IT services, tailored cloud infrastructure solutions, voice and unified communications, managed cyber security, creative design as a service, and value-added reselling and integration of technology equipment.

1/26/2023 HomeSmart International, LLC acquired Solid Source Real Estate Companies. The terms of the transaction were not disclosed. HomeSmart operates as a real estate brokerage company and is based in Scottsdale.

1/26/2023 Digital Air Strike, Inc. acquired AUTOVATE. The terms of the transaction were not disclosed. Digital Air has completed a strategic rebrand to DAS Technology. AUTOVATE provides automotive technology trends and a deal-making conference paired with insights from industry analysts and is based in Scottsdale. DAS is an automotive Customer Data and Experience Platform (CDXP) that enables businesses and OEMs to increase consumer response and lead conversions by leveraging patented AI-powered digital technology and is based in Scottsdale.

1/27/2023 Gen4 Dental Partners Opco, LLC acquired Nashville Aesthetic Dentistry. The terms of the transaction were not disclosed. Gen4 develops and operates a dental consulting platform allowing practices to focus on the clinical aspects of the business by relieving administrative burdens. Gen4 is based in Tempe.

1/30/2023 Centro Inc. acquired the assets of Pump Systems, Inc. The terms of the transaction were not disclosed. Pump Systems distributes pumps, compressors, motors, controls, and related equipment and is based in Gilbert.

1/31/2023 Mariner Wealth Advisors acquired Hopkins Tameron Hostal, PLLC (HTH). The terms of the transaction were not disclosed. HTH provides personalized tax, consulting, and wealth management services and is based in Scottsdale.

1/31/2023 Thorne HealthTech, Inc. (NasdaqGS:THRN) acquired PreCon Health, Inc. for $5.0 million. PreCon develops and manufactures dietary supplements that support pre- and post-impact brain health. PreCon is based in Scottsdale. Meister Seelig & Fein LLP served as legal advisor to PreCon.

M&A - Financial

1/3/2023 Chaparral Capital Holdings, LLC acquired Roll-A-Shield Incorporated of Phoenix. The terms of the transaction were not disclosed. Roll-A-Shield is a Tempe-based fabricator and installer of rolling security shutters for homes and businesses. Chaparral Capital is an AZ-focused investment group targeting lower-middle market private businesses for long-term growth.

Private Placements

1/9/2023 A1 Garage Door Service LLC announced that it has received a round of funding that included participation from new investors Cortec Group Management Services, LLC and Audax Private Debt LLC. A1 provides garage door installation, servicing, and repair and is based in Phoenix.

1/31/2023 Offerpad Solutions Inc. (NYSE:OPAD) announced that it has raised $90.0 million in a private placement transaction with a group of private investors, together with CEO Brian Bair and existing stockholders Roberto Sella and First American Financial Corporation (NYSE:FAF). Offerpad is a real estate technology company that simplifies the home buying and selling experience and is based in Chandler. Latham & Watkins LLP served as legal advisor.