Arizona Deal Intelligence - August 2024
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
8/1/2024 Dataprise acquired Phoenix IT. The terms of the transaction were not disclosed. Phoenix IT operates as a cybersecurity incident response and managed service provider and is based in Phoenix.
8/1/2024 Glaz-Tech Industries, Inc. acquired the assets of Tomakk Glass Partners, LLC. The terms of the transaction were not disclosed. Glaz-Tech engages in the wholesale distribution and fabrication of glass products and is based in Tucson.
8/2/2024 Vixxo Corporation acquired Cushman & Wakefield Facilities Solutions from Cushman & Wakefield plc (NYSE:CWK). The terms of the transaction were not disclosed. Vixxo provides landscape facility management solutions and is based in Scottsdale.
8/5/2024 Clark's Market agreed to acquire Watt's Ranch Market. The terms of the transaction were not disclosed. Clarks operates as an online retailer of groceries and is based in Sedona.
8/5/2024 American Vision Partners Holdings Corp. (AVP) agreed to acquire Evernorth Care Group's eye care services. The terms of the transaction were not disclosed. Evernorth, a subsidiary of The Cigna Group (NYSE:CI), operates health care centers and is based in Phoenix. AVP is an eye care practice management organization and is based in Phoenix.
8/6/2024 Create Restaurants DE LLC agreed to acquire Wildflower Bread Company LLC's restaurant business for $28.2 million. Wildflower is a 16-unit bakery café chain based in Scottsdale.
8/6/2024 Climatec, LLC acquired the business operations of Engineered Control Solutions, 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
8/6/2024 AccuSourceHR, Inc. acquired Frasco Profiles. The terms of the transaction were not disclosed. Based in Phoenix, AccuSource is an employment screening organization based in Phoenix.
8/7/2024 Lofty, Inc. acquired Firepoint. The terms of the transaction were not disclosed. Lofty provides an AI-powered platform that helps real estate professionals increase their productivity and accelerate business growth and is based in Phoenix.
8/7/2024 Crest Insurance Group, LLC acquired Provost Associates, LLC. The terms of the transaction were not disclosed. Provost specializes in the hospitality industry, serving more than 200 high-end hotel properties and 900 golf properties. Crest provides insurance solutions and is based in Tucson.
8/12/2024 Open Source Integrators (OSI) acquired Pragmatek Consulting Group, Ltd. The terms of the transaction were not disclosed. Based in Chandler, OSI provides tailored business technology solutions and consulting services across a wide range of industries.
8/12/2024 Paltalk, Inc. (NasdaqCm:PALT) agreed to acquire Newtek Technology Solutions, Inc. The terms of the transaction were not disclosed. Newtek, a subsidiary of NewtekOne, Inc. (NasdaqGM:NEWT), provides cloud computing, digital marketing, domain registration, and web solutions services and is based in Phoenix.
8/13/2024 Oldcastle APG, Inc. acquired Master Block, Inc. The terms of the transaction were not disclosed. Master Block is a concrete block manufacturer based in El Mirage.
8/13/2024 Full Circle Electronics, L.L.C. acquired Global Electronic Recycling, LLC. The terms of the transaction were not disclosed. Global offers commercial electronic recycling and IT asset disposition services and is based in Phoenix. Full Circle, a portfolio company of Tide Rock, provides electronic recycling services and is based in Phoenix.
8/13/2024 Sunroc Corporation acquired Arizona Metro Mix, LLC. The terms of the transaction were not disclosed. Arizona Metro provides ready-mix concrete catering to homeowners and contractors and is based in Queen Creek.
8/13/2024 The RK Logistics Group Inc. acquired a facility and assets of Southwest Supply Chain Solutions. The terms of the transaction were not disclosed. Southwest Supply Chain Solutions provides warehousing and expedited transportation, cross-docking and inventory management services and is based in Tempe.
8/15/2024 The CBORD Group, Inc. agreed to acquire Transact Campus, Inc. for a net purchase price of $1.5 billion, including a $100 million tax benefit resulting from the transaction. Transact develops an enterprise-class cloud platform that provides billing and payment services for students and families and is based in Scottsdale.
8/15/2024 Concentric, LLC acquired Communication Power Solutions, Inc. (CPS). The terms of the transaction were not disclosed. CPS provides power solutions to communications and data center customers and is based in Tempe.
8/17/2024 Bourn Companies, LLC acquired Pepper Viner Homes. The terms of the transaction were not disclosed. Pepper is a homebuilder based in Tucson. Bourn is a real estate development firm based in Tucson.
8/19/2024 Integrity Data Solutions, Inc. acquired Compu-Call, Inc. The terms of the transaction were not disclosed. Integrity is a computer and electronics retail company based in Tempe.
8/19/2024 Altor Solutions agreed to acquire Lifoam Industries, LLC for $137.0 million. The transaction closed on 10/2/2024. Altor designs and manufactures custom protective and cold-chain packaging solutions for the industrial and life sciences markets and is based in Scottsdale.
8/21/2024 Diversify Advisor Network acquired Perspective Financial Services LLC. The terms of the transaction were not disclosed. Perspective is an employee-owned investment manager and is based in Phoenix.
8/21/2024 Elavon Inc., a wholly owned subsidiary of U.S. Bank, acquired Salucro Healthcare Solutions, LLC. The terms of the transaction were not disclosed. Salucro develops cloud-based patient payment technology solutions for healthcare providers and is based in Tempe.
8/22/2024 Thermogenics Inc. acquired High Desert Mechanical, Inc. The terms of the transaction were not disclosed. High offers controls, fabrication, maintenance, and ASME welding services and is based in Apache Junction.
8/26/2024 Crest Insurance Group, LLC acquired Dan Weinstein and Associates (DWA). The terms of the transaction were not disclosed. DWA is a Scottsdale-based insurance agency specializing in group benefit insurance. Crest provides insurance solutions and is based in Tucson.
8/26/2024 Radix Software, Inc. acquired redIQ LLC. The terms of the transaction were not disclosed. Based in Scottsdale, Radix develops and operates a cloud-based multifamily market research and analytics platform.
8/26/2024 Morse Operations, Inc. acquired seven dealerships of Lawley Automotive Group. Lawley operates as an automotive retail company and is based in Sierra Vista.
8/26/2024 StandardAero, Inc. acquired an unknown majority stake in Aero Turbine, Inc. The terms of the transaction were not disclosed. StandardAero provides aerospace engine aftermarket services for fixed and rotary wing aircraft and is based in Scottsdale.
8/27/2024 Workado LLC, dba BrandWell, acquired Content Hacker. The terms of the transaction were not disclosed. BrandWell develops a platform that provides real-time insights into website content strategy and is based in Glendale.
8/27/2024 Success Beyond Game Day acquired Human Impact Productions. The terms of the transaction were not disclosed. Based in Tucson, Human operates as an entertainment company that specializes in creating community experiences and partnerships to showcase diverse career opportunities.
8/28/2024 Cadence Education, Inc. acquired International Montessori Academy. The terms of the transaction were not disclosed. Cadence provides early childhood and private elementary education services and is based in Scottsdale.
8/29/2024 Synergos Companies acquired ODC Construction, LLC for $250.0 million. Synergos provides residential construction solutions and is based in Scottsdale.
8/29/2024 Valsoft Corporation Inc. acquired Anju Software, Inc. The terms of the transaction were not disclosed. Anju designs, develops, and provides an integrated life sciences software platform and is based in Tempe. Kirkland & Ellis LLP served as legal advisor to Anju.
8/29/2024 Crest Insurance Group, LLC acquired Winren, Inc. The terms of the transaction were not disclosed. Winren operates as an insurance broker company that offers group benefits insurance and is based in Scottsdale. Crest provides insurance solutions and is based in Tucson.
8/30/2024 Lofty Inc. agreed to acquire The Letting Partnership for $4.7 million. Lofty provides an AI-powered platform that helps real estate professionals increase their productivity and accelerate business growth and is based in Phoenix.
M&A - Financial
8/30/2024 Northrim Horizon L.P. acquired Allure Medspa LLC. The terms of the transaction were not disclosed. Allure operates as a medical spa platform that provides a comprehensive suite of minimally invasive aesthetic treatments and is based in Scottsdale. Northrim is a private equity firm based in Mesa.
Private Placements
8/6/2024 Boostly, Inc. announced that it has received $5.6 million in a round of funding led by new investor Trestle Partners with participation from Relish Works, Inc., Singularity Capital Management, Y Combinator Management, LLC, and other investors. Singularity is a private equity firm based in Tucson.
8/7/2024 Clear Demand, Inc. announced that it has received a round of funding that included participation from new investor M33 Growth, LLC. Clear delivers a price strategy optimization solution for brick and mortar retail and is based in Scottsdale.
8/8/2024 Virtuous Software, Inc. announced that it has received $15.0 million in funding from a single investor. Virtuous develops a customer relationship management and marketing platform that enables non-profit organizations and charitable institutions to raise money and is based in Phoenix.
8/26/2024 Military Fasteners announced that it has received a round of funding in a transaction that included participation from new investor Montage Partners, Inc. Montage is a private equity firm based in Scottsdale. Osborn Maledon, P.A. served as legal advisor to Montage.
8/28/2024 ApiJect Systems, Corp. announced that it has received a commitment of $35.0 million in equipment financing from Trinity Capital Inc. Trinity is a provider of diversified financial solutions to growth-oriented companies and is based in Phoenix.
8/28/2024 HomeLight, Inc. announced that it has received $20.0 million in a round of funding led by returning investor Zeev Ventures, LLC with participation from returning investors Menlo Ventures Management, L.P. and Stereo Capital. HomeLight operates an online platform that matches homebuyers and sellers with real estate agents using data and agent reviews and is based in Scottsdale.
8/30/2024 Anuncia Medical, Inc. announced that it will receive $13.4 million in funding. As of 9/12/2024, the company received $10.8 million in its first tranche from 66 investors. Anuncia develops devices for the treatment of hydrocephalus and is based in Scottsdale.
8/31/2024 OpenTech Alliance, Inc. acquired a 49% stake in StorageTreasures, LLC. StorageTreasures operates a storage auction information portal and storage facility directory and is based in Phoenix. OpenTech provides self-storage solutions that connect storage owners with tenants and is based in Phoenix.