Arizona Deal Intelligence - March 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

3/1/2024 The 20 MSP acquired Blue Cactus Consulting. The terms of the transaction were not disclosed. Blue Cactus provides information technology support and consulting services that focus on small and medium sized businesses and is based in Phoenix.

3/4/2024 Exyte GmbH acquired CollabraTech Solutions LLC. The terms of the transaction were not disclosed. CollabraTech engages in the design, development, and optimization of ultrahigh purity critical process equipment for highly complex semiconductor manufacturing and is based in Phoenix.

3/4/2024 Osaic Inc. acquired The Sturkie Wealth Management Group. The terms of the transaction were not disclosed. Osaic, through its subsidiaries, provides financial solutions in the United States and is based in Phoenix.

3/5/2024 Viavi Solutions Inc. (NasdaqGS:VIAV) agreed to acquire Spirent Communications plc (LSE:SPT) for $1.3 billion. Viavi provides network test, monitoring, and assurance solutions for communications service providers, hyperscalers, network equipment manufacturers, original equipment manufacturers, government, and avionics customers and is based in Chandler. Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor to Viavi.

3/5/2024 Householder Group Estate and Retirement Specialist, LLC acquired American Financial Services Inc. In a related transaction Householder acquired The IRA Specialist, Inc. The terms of the transactions were not disclosed. Householder is a privately owned investment manager and is based in Scottsdale.

3/5/2024 Cornerstone Advisors of Arizona, LLC acquired Maple Street, Inc. The terms of the transaction were not disclosed. Cornerstone provides consulting services for regional and community banks; start-up businesses; insurance companies; credit unions; and finance companies internationally and is based in Scottsdale.

3/7/2024 Osaic Inc. acquired Cornerstone Advisors, LLC. The terms of the transaction were not disclosed. Osaic, through its subsidiaries, provides financial solutions in the United States and is based in Phoenix.

3/11/2024 Linus Health, Inc. acquired Aural Analytics, Inc. The terms of the transaction were not disclosed. Aural develops and operates a speech analytics platform that detects changes in brain health and is based in Scottsdale.

3/12/2024 SmarterServices, LLC acquired Senior Savvy LLC. The terms of the transaction were not disclosed. Senior Savvy provides online personalized IT support services for seniors and is based in Scottsdale.

3/13/2024 A1 Garage Door Service LLC acquired The Garage Door Guy Inc. A1 provides installation, servicing, and repair of all kinds of garage doors and is based in Phoenix.

3/14/2024 ArmorWorks Enterprises, LLC acquired Fox Valley Metal-Tech, Inc. The terms of the transaction were not disclosed. ArmorWorks, a defense and security company, engages in the research, development, and manufacture of commercial aviation cockpit doors, platform armors, seating systems, and infrastructure and sensitive material protection products for the U.S. Department of Defense and defense and commercial original equipment manufacturers and is based in Chandler.

3/18/2024 Carlisle Companies Incorporated (NYSE:CSL) agreed to acquire MTL Holdings, Inc. for $410.0 million. Carlisle operates as a manufacturer and supplier of building envelope products and solutions and is based in Scottsdale. Dorsey & Whitney LLP is serving as legal advisor to Carlisle.

3/18/2024 Sun Auto Tire & Service Inc. acquired Carrollton Complete Automotive. The terms of the transaction were not disclosed. Sun provides automotive aftermarket repair services under the BRAKEmax and Tire Works brands and is based in Tucson.

3/19/2024 Digital Insurance LLC acquired Creative Business Resources. The terms of the transaction were not disclosed. Creative provides customized outsourced human resources, retirement services, risk management, and payroll services and is based in Phoenix.

3/21/2024 Careers Launch Talent Group, LLC acquired Signature Hire. The terms of the transaction were not disclosed. Signature Hire offers executive recruiting and outplacement services and is based in Gilbert. Careers Launch provides executive recruiting and outplacement services and is based in Mesa.

3/26/2024 An undisclosed buyer acquired Axolotl Biologix, Inc. from Carmell Corporation (NasdaqCM:CTCX). The consideration consists of 3,845,337 shares of Carmell common stock, 4,243 shares of Carmell preferred stock and notes payable to the initial sellers in the aggregate amount of $8.0 million. Axolotl is a biotechnology company that focuses on regenerative medicine and is based in Scottsdale.

3/28/2024 Strategic Risk Solutions Inc. agreed to acquire Garnet Captive Services, LLC. The terms of the transaction were not disclosed. Strategic Risk Solutions provides management and consulting services to the captive insurance industry and is based in Phoenix.

3/29/2024 Blue Yonder Group, Inc. agreed to acquire One Network Enterprises, Inc. for $839.0 million. Blue Yonder designs and develops end-to-end integrated supply chain and retail management software solutions and is based in Scottsdale.

3/31/2024 Discount Tire acquired the retail tire and automotive maintenance operations of Suburban Tire Auto Repair Centers. The terms of the transaction were not disclosed. Discount Tire is an independent retailer of tires, wheels, and windshield wipers and is based in Scottsdale.

M&A - Financial

3/21/2024 KAC Investments LLC acquired Herbal Brands, Inc. for $8.0 million. Herbal Brands is a GMP-certified manufacturer and distributor of health and wellness products and is based in Tempe.

Private Placements

3/11/2024 Phantom Space Corporation announced that it has received a bridge round of funding led by Balerion Space Ventures with participation from Kolh Capital, Reaser Family Office, and other investors. Phantom manufactures space transportation systems, such as launch vehicles, satellites, and space propulsion systems, and is based in Tucson.

3/11/2024 Flagstone Group Ltd announced that it has received an equity round of funding that included participation from new investor Estancia Capital Management, LLC. Estancia is a private equity firm based in Scottsdale. Dechert LLP served as legal advisor to Estancia.

3/18/2024 Kinderhook Industries, LLC acquired an unknown minority stake in Kaizen Collision Center, Inc. Kaizen provides auto repair services to individuals, insurance partners, and fleet companies and is based in Yuma. DLA Piper LLP served as legal advisor to Kaizen.

3/20/2024 Mindset Medical, Inc. announced that it will receive $10.0 million in funding. As of March 25, 2024, the company has received $8.0 million in its first tranche from 7 investors. Mindset develops a virtual health care platform for patient care and is based in Phoenix.