Arizona Deal Intelligence - January 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

1/1/2024 SinglePoint Inc. (BATS:SING) acquired the remaining 19.9% stake in The Boston Solar Company, LLC. The terms of the transaction were not disclosed. SinglePoint focuses on providing renewable energy solutions and energy-efficient applications in the United States and is based in Phoenix.

1/2/2024 Runbeck Election Services, Inc. acquired Global Mobile, LLC. The terms of the transaction were not disclosed. Runbeck offers technology and services related to elections, including software solutions such as Simulo Electronic Ballot Duplication Software, and is based in Phoenix.

1/3/2024 Dr. Reddy's Laboratories Limited (BSE:500124) acquired Menolabs, LLC from Amyris Clean Beauty, Inc. Menolabs offers natural menopause symptom relief supplements and a community platform for women in midlife and is based in Tucson.

1/3/2024 Healthcare Outcomes Performance Company (HOPCo) acquired MoonlightOrtho LLC. The terms of the transaction were not disclosed. HOPCo provides orthopedic practice and service line management to hospitals and health systems, medical groups and practices, and payors and is based in Phoenix.

1/4/2024 Troon Golf, LLC acquired Bruno's Memorial Classic Foundation, Inc. The terms of the transaction were not disclosed. Troon Golf operates as a golf and club management, development, and marketing company worldwide and is based in Scottsdale.

1/8/2024 DXP Enterprises, Inc. (NasdaqGS:DXPE) acquired Hennesy Mechanical Sales, LLC. The terms of the transaction were not disclosed. Hennesy provides industrial pump sales, service, installation, and repair services and is based in Phoenix.

1/9/2024 Pure Hockey, LLC acquired Behind the Mask. The terms of the transaction were not disclosed. Behind The Mask operates hockey stores that offer hockey equipment, skate sharpening, and team sales and is based in Scottsdale.

1/11/2024 Kravet, Inc. acquired Caroline Cecil Textiles. The terms of the transaction were not disclosed. Caroline Cecil Textiles manufactures and retails pillows, textiles, and home wallpapers and is based in Phoenix.

1/17/2024 Pyx Health, Inc. acquired InquisitHealth, Inc. The terms of the transaction were not disclosed. Pyx develops and operates a healthcare technology platform that connects with members outside of the traditional care setting for reducing loneliness and social isolation and is based in Tucson. Brownstein Hyatt Farber Schreck, LLP served as legal advisor to Pyx.

1/17/2024 Certus Pest, Inc. acquired Dorado Pest Control Inc. The terms of the transaction were not disclosed. Dorado provides pest and weed control services and is based in Tucson.

1/18/2024 Nextiva, Inc. acquired Thrio, Inc. The terms of the transaction were not disclosed. Nextiva provides cloud-based business communication solutions and is based in Scottsdale.

1/22/2024 Empower Physical Therapy acquired Huntington Beach Physical Therapy Specialists. The terms of the transaction were not disclosed. Empower provides physical therapy practice management services and is based in Phoenix.

1/22/2024 StateServ Medical, LLC acquired Easy Rx Pad LLC, dba Delta Care Rx. The terms of the transaction were not disclosed. StateServ provides durable medical equipment management services to hospices and is based in Mesa. McDermott Will & Emery LLP served as legal advisor to StateServ.

1/23/2024 Sun Auto Tire & Service Inc. acquired R.K. Boyd, Inc. The terms of the transaction were not disclosed. Sun Auto provides automotive aftermarket repair services through its brands and is based in Tucson.

1/24/2024 AZ-Tech Radiology, LLC acquired Seven Outpatient Imaging Centers in Phoenix from Evernorth Health, Inc., a subsidiary of The Cigna Group. The terms of the transaction were not disclosed. AZ-Tech provides digital imaging services and is based in Phoenix.

1/24/2024 Craveworthy Brands acquired an unknown majority stake in Dirty Dough Cookies. The terms of the transaction were not disclosed. Dirty Dough produces and sells cookies and is based in Tempe.

1/25/2024 A subsidiary of Mitsui Matsushima Holdings Co., Ltd. (TSE:1518) acquired controlling interest of Phoenix-based Saunders & Associates, LLC. The terms of the transaction were not disclosed. Saunders operates internationally and is a global provider of test, measurement, and production equipment relating to frequency control devices. Buchalter, PC served as legal advisor to Mitsui.

1/28/2024 WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) agreed to acquire McGrath RentCorp (NasdaqGS:MGRC) for $3.8 billion. WillScot provides workspace and portable storage solutions in the United States, Canada, and Mexico and is based in Phoenix. Allen & Overy LLP is serving as legal advisor to WillScot.

1/29/2024 Quantum5 acquired Trivie, Inc. The terms of the transaction were not disclosed. Quantum5 develops sales, service, service BDC, and phone skills training software solutions for automotive dealerships and is based in Scottsdale.

1/29/2024 Strategic Risk Solutions Inc. agreed to acquire Robus Group Limited. The terms of the transaction were not disclosed. Strategic Risk Solutions provides management and consulting services to the captive insurance industry in the United States and internationally and is based in Phoenix. Carey Olsen is serving as legal advisor to Strategic Risk Solutions.

1/30/2024 Amphenol Corporation (NYSE:APH) agreed to acquire Carlisle Interconnect Technologies Inc. from Carlisle Companies Incorporated (NYSE:CSL) for $2.0 billion. Carlisle operates as a manufacturer and supplier of building envelope products and solutions and is based in Scottsdale. Kirkland and Ellis LLP is serving as legal advisor to Carlisle.

Private Placements

1/9/2024 phase2body, inc., dba Heads Up Health, announced that it will raise $7.8 million in a round of funding. As of 1/16/2024, the company has received $6.0 million in its first tranche from a single investor. Heads Up operates an analytics platform that gives users a compilation of health, fitness, and medical records with private access to personal health information and is based in Scottsdale.

1/16/2024 Cedar Crest Capital announced that it has received a strategic investment from The Najafi Companies. Cedar Crest and Najafi are private investment firms based in Phoenix.

1/23/2024 XTEN-AV LLC announced that it has received an equity round of funding from new investor Resideo Technologies, Inc. (NYSE:REZI). Resideo develops, manufactures, and sells comfort, energy management, and safety and security solutions to the commercial and residential end markets in the United States, Europe, and internationally and is based in Scottsdale.

1/24/2024 Sion Power Corporation announced that it has received $75.0 million in a round of funding from LG Technology Ventures, Bricks Capital Management, and other investors. Sion develops, manufactures, and sells rechargeable batteries and is based in Tucson.

1/24/2024 Wilde Wealth Management Group, Inc. announced that it has received a strategic, minority investment from new investor Cetera Financial Group, Inc. Wilde is an independent wealth management firm based in Scottsdale.

1/24/2024 Good Health Medical, PLLC, dba MY DR NOW, announced that it has raised a round of funding from returning investor Kain Capital LLC. MY DR NOW operates primary and specialty healthcare clinics and is based in Chandler.

1/29/2024 Aimline-Audio announced that it has received investment in an equity round of funding from new investor AtlasIED. AtlasIED operates as an electronics manufacturer providing comprehensive audio solutions for commercial business environments and is based in Phoenix.

1/31/2024 Kafene, Inc. announced that it will receive a $15.0 million venture loan facility from new investor Trinity Capital Inc. Trinity is a venture capital firm specializing in venture debt and is based in Phoenix.