Arizona Deal Intelligence - June 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
6/1/2024 Jennings Haug Keleher McLeod acquired Waterfall, Economidis, Caldwell, Hanshaw & Villamana PC. The terms of the transaction were not disclosed. Waterfall is a research and consulting services company and is based in Tucson.
6/3/2024 Independence Pet Holdings, Inc. acquired an unknown majority stake in Spot Pet Insurance Services, LLC. The terms of the transaction were not disclosed. Independence operates a full-stack platform that provides pet insurance and is based in Scottsdale.
6/3/2024 Vensure HR, Inc. acquired Execupay, Inc. On 6/4/2024, Vensure acquired Contrate and Emplicity, Inc. On 6/7/2024, Vensure acquired White Label HR, Inc. and Centro de Interaccion. The terms of the transactions were not disclosed. Vensure offers human resource consulting, managed services, and global business process outsourcing services and is based in Chandler.
6/4/2024 Imagine Learning LLC acquired CueThink Inc. The terms of the transaction were not disclosed. Imagine designs and develops digital education technology solutions and is based in Scottsdale.
6/4/2024 Porter VRM, LLC acquired Soar Vacation Rental Services. The terms of the transaction were not disclosed. Porter is a white-glove full-service vacation rental management company and is based in Scottsdale.
6/10/2024 Sun Auto Tire & Service Inc. acquired 33 locations of Caliber Auto Care in Texas. 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.
6/10/2024 Winsupply Inc. acquired General Metals Mfg & Supply Co., Inc. The terms of the transaction were not disclosed. General Metals engages in manufacturing, fabrication, and wholesale distribution of HVAC equipment and products and is based in Phoenix.
6/13/2024 ResiXperts acquired Rescue One Air, CW Air Conditioning & Heating, LLC, and AirTime Cooling & Heating. The terms of the transactions were not disclosed. Rescue and CW offer air conditioning and heating services and are based in Tempe and Scottsdale. AirTime offers repair, installation, and maintenance services for air conditioning and heating equipment and is based in Mesa.
6/14/2024 M4 Engineering Inc. acquired Phoenix Technology Works LLC. The terms of the transaction were not disclosed. Phoenix Technology manufactures engineering and composite parts and tools for the aerospace industry and is based in Maricopa.
6/18/2024 Impact Floors of Texas, LLC acquired OneSource Interiors LLC. The terms of the transaction were not disclosed. OneSource provides flooring products and installation services to multifamily and commercial properties and is based in Phoenix.
6/18/2024 Flack Steel LLC agreed to acquire majority stake in the business of Pacesetter Steel Service. The terms of the transaction were not disclosed. Flack delivers customized solutions for OEM-branded applications in North America and is based in Scottsdale.
6/19/2024 Zemetrics, Inc. acquired Evy Energy Private Limited. The terms of the transaction were not disclosed. Zemetrics manufactures non-contact optical metrology systems for precision 3D surface measurements and is based in Tucson.
6/25/2024 MSC Industrial Direct Co., Inc. (NYSE:MSM) acquired Premier Tool Grinding, Inc. for $10.5 million. Premier designs, manufactures, reconditions, and coats carbide cutting tools and is based in Goodyear.
6/25/2024 Hyperspace acquired Fake Production Oy. The terms of the transaction were not disclosed. Hyperspace operates as a no-code metaverse platform that offers customizable avatars, interactive simulations, and seamless workflow integration and is based in Phoenix.
6/26/2024 Viad Corp (NYSE:VVI) agreed to acquire Jasper Tramway Acquisition Corporation for $18.3 million. Viad provides hospitality, leisure activities, experiential marketing, and live events and is based in Scottsdale.
6/28/2024 Fabric Labs, Inc. acquired MeMD, Inc. from Walmart Inc. (NYSE:WMT). The terms of the transaction were not disclosed. MeMD is a telehealth solution that provides access to primary care, urgent care, and behavioral health services and is based in Phoenix.
M&A - Financial
6/5/2024 Tiny Capital (US) Ltd. acquired MediaNet Solutions, Inc. The terms of the transaction were not disclosed. MediaNet designs and develops education management software and is based in Phoenix.
6/11/2024 Northrim Horizon acquired Noble Care Services LLC, dba Noble Hospice and Palliative Care. The terms of the transaction were not disclosed. Noble offers palliative care, hospice care, general inpatient, bereavement counseling, GIP care, and respite care and is based in Mesa. Northrim is a private equity firm based in Mesa.
Private Placements
6/2/2024 Monetary Metals & Co. announced that it will receive $9.2 million in funding. As of 6/11/2024, the company received $5.9 million in its first tranche from 90 investors. On 7/8/2024, the company announced it amended the terms of the transaction and will receive $11.1 million in the transaction. Monetary operates an online gold yield marketplace for investors who own it and businesses that need it for inventory or work-in-progress and is based in Scottsdale.
6/5/2024 100% Chiropractic announced that it has received a round of funding that included participation from new investor Red Iron Group Management, LLC. 100% Chiropractic is a family of full-service wellness clinics that offers chiropractic care, massage therapy, and a full line of nutritional supplements and is based in Scottsdale.
6/6/2024 Soltis Investment Advisors, LLC announced that it has entered into an agreement with Estancia Capital Management, LLC and LLR Partners, Inc. for an investment to help support the firm’s next phase of growth. Estancia is a private equity firm based in Scottsdale. Dechert LLP is serving as legal advisor to Estancia.
6/6/2024 Mindset Medical LLC announced that it has received a round of funding led by Grayhawk Capital, LLC and Questa Capital Management LLC with participation from Amgen Ventures, AZ Venture Development Corporation (AVC), and others. Mindset develops and operates a digital health platform to conduct a complete and informed remote exam and appointment and is based in Phoenix. Grayhawk is a private equity, venture capital, and SBIC investing firm based in Scottsdale. AVC is a venture capital firm based in Phoenix.
6/6/2024 Mac Panel Co. announced that it has received a round of funding that included participation from Alerion Capital Group, LLC and NewSpring Mezzanine Capital, L.P. Alerion is a venture capital and private equity firm based in Scottsdale.
6/13/2024 Westfall Technik, Inc. announced that it has received a term loan round of funding from Platinum Equity, LLC to refinance existing indebtedness and support future growth of the business. Westfall provides manufacturing solutions for the production of plastic parts in the medical, packaging, and consumer goods segments and is based in Tempe.
6/26/2024 Corporate Technology Solutions, LLC announced that it has received a round of funding that included participation from returning investor APIC Solutions Inc. Corporate Technology provides cabling installation services for business or residential customers and is based in Tempe.
6/28/2024 Strategy Corps LLC announced that it has received a round of funding that included participation from new investor Estancia Capital Management, LLC. Estancia is a private equity firm based in Scottsdale. Kirkland & Ellis LLP served as a legal advisor to Estancia.