Arizona Deal Intelligence - December 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
12/2/2024 Imagine Learning LLC acquired Ripple Education. The terms of the transaction were not disclosed. Imagine designs and develops digital education technology solutions and is based in Tempe.
12/2/2024 Carlisle Fluid Technologies, LLC acquired Reinhardt-Technik GmbH & Co. The terms of the transaction were not disclosed. Carlisle manufactures and sells systems designed for the application and curing of sprayed materials including paints, coatings, powders, mastics, and bonding materials and is based in Scottsdale.
12/4/2024 FreightVana LLC agreed to acquire the brokerage operations of Loadsmith Inc. The terms of the transaction were not disclosed. FreightVana operates as a transportation and logistics company that provides short haul, freight forwarding, and supply chain management services and is based in Phoenix.
12/4/2024 Supreme Optimization, LLC acquired Amendola Communications. The terms of the transaction were not disclosed. Amendola is a full-service public relations and marketing firm that offers communication services and is based in Fountain Hills. California Counsel Group, Inc. and Gabriel Ashworth Law Office served as legal advisors to Amendola.
12/9/2024 Semiconductor Components Industries, LLC, dba ON Semiconductor, agreed to acquire United Silicon Carbide Inc. for $115.0 million. ON designs, manufactures, and sells semiconductor components for electronic systems and products and is based in Scottsdale. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to ON.
12/10/2024 Gen Digital Inc. (NasdaqGS:GEN) agreed to acquire MoneyLion Inc. (NYSE:ML) for approximately $1.0 billion. Gen Digital engages in the provision of cyber safety solutions for consumers and is based in Tempe. Kirkland & Ellis LLP is serving as legal advisor to Gen Digital.
12/10/2024 Tucson Metro Chamber agreed to acquire Sun Corridor Inc. The terms of the transaction were not disclosed. Sun is a transformative economic development organization representing one of North America's most dynamic and growing major business centers and is based in Tucson. The Tucson Metro Chamber is a membership-based business advocacy and community development organization that represents 1,500 businesses that employ more than 160,000 employees in Tucson and Pima County.
12/10/2024 Troon Golf, LLC acquired Cordillera Golf Club, LLC. The terms of the transaction were not disclosed. Troon operates as a golf and club management, development, and marketing company worldwide and is based in Scottsdale.
12/12/2024 Brighton Hospice Minnesota, LLC acquired Suncrest Hospice LLC. The terms of the transaction were not disclosed. Suncrest operates as a healthcare company that provides hospice, home health, and palliative care services to patients and their families and is based in Phoenix.
12/13/2024 Viavi Solutions Inc. (NasdaqGS:VIAV) agreed to acquire Inertial Labs, Inc. for $325.0 million. 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.
12/13/2024 First Impression Security Doors, Inc. acquired Presidio Doors, LLC. The terms of the transaction were not disclosed. First Impression manufactures doors and security panels and is based in Gilbert.
12/16/2024 Compliance Scorecard™ acquired PrivacyMSP. The terms of the transaction were not disclosed. PrivacyMSP develops and operationalizes compliant Privacy and AI programs, policies, and processes and is based in Phoenix.
12/16/2024 3Z Brands acquired Southerland, Inc. The terms of the transaction were not disclosed. 3Z manufactures mattresses and is based in Glendale. Simpson Thacher & Bartlett LLP served as legal advisor to 3Z.
12/17/2024 MGA Homecare acquired Wadsworth Medical Arts Pharmacy, LLC. The terms of the transaction were not disclosed. MGA provides home healthcare and other home and community-based services and is based in Scottsdale. ArentFox Schiff LLP served as legal advisor to MGA.
12/19/2024 Integrated Power Services, LLC acquired Switchgear Solutions, Inc. The terms of the transaction were not disclosed. Switchgear manufactures, sells, and services electrical apparatus and is based in Tucson.
12/19/2024 A1 Garage Door Service LLC acquired The Garage Doctor, LLC. The terms of the transaction were not disclosed. A1 provides installation, servicing, and repair of all kinds of garage doors and is based in Phoenix.
12/23/2024 Carlisle Companies Incorporated (NYSE:CSL) agreed to acquire ThermaFoam. The terms of the transaction were not disclosed. Carlisle operates as a manufacturer and supplier of building envelope products and solutions and is based in Scottsdale.
12/30/2024 Casago International LLC agreed to acquire Vacasa, Inc. (NasdaqGS:VCSA) for approximately $120.0 million. Under the terms of the merger agreement, Vacasa stockholders receive $5.02 per share in cash upon completion of the proposed transaction, subject to adjustment as set forth in the merger agreement. Casago is a vacation rental property management company based in Scottsdale. Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal advisor to Casago.
Private Placements
12/5/2024 Steno Agency, Inc. announced that it will receive $20.0 million in a round of funding that will include participation from new investor Trinity Capital Inc. (NasdaqGS:TRIN). Trinity is a venture capital firm specializing in venture debt and is based in Phoenix.
12/11/2024 Koantek LLC announced that it has received a round of funding that included participation from new investor Databricks Ventures. Based in Mesa, Koantek operates as a leading Databricks technology partner, integrator, and trusted advisor, focused on driving business transformation through Data and AI using the Databricks Data Intelligence Platform.
12/16/2024 CISO Global, Inc. announced that it has received a strategic investment of $6.5 million from investors led by Target Capital in the form of a convertible note. CISO operates as a cybersecurity and compliance company and is based in Scottsdale.
12/21/2024 Mountainside Fitness Centers Of Gilbert, LLC announced that it has received a round of funding from new investor Garnett Station Partners, LLC. Mountainside operates a chain of fitness centers and is based in Scottsdale.
12/23/2024 DYPER Inc. announced that it will receive $5.7 million in funding. As of 1/7/2025, the company has received $4.2 million in its first tranche from 2 investors. DYPER manufactures and sells bamboo diapers and is based in Scottsdale.