Arizona Deal Intelligence - March 2019
This report is prepared as a courtesy to the Arizona business community by Columbia West Capital 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
3/1/2019 Larry H. Miller Corporation acquired Berge Ford, Inc. The terms of the transaction were not disclosed. Berge Ford operates a Ford dealership in Arizona and is based in Mesa.
3/5/2019 Traditions Health Care Holding Company, LLC acquired the Reflections Hospice and Palliative Care division from Centrix Health Resources, LLC. The terms of the transaction were not disclosed. Reflections Hospice and Palliative Care comprises a business division that offers hospice services and is based in Mesa. Centrix provides hospice and palliative care, rehabilitation and other services and is based in Mesa.
3/6/2019 Imagine Learning, Inc. acquired Assessment Technology Incorporated. The terms of the transaction were not disclosed. Assessment Technology designs and develops Web-based applications for education and is based in Tucson.
3/6/2019 Republic Services, Inc. (NYSE:RSG) agreed to acquire High Country Disposal and Deschutes Recycling. The terms of the transaction were not disclosed. Republic Services provides non-hazardous solid waste collection, transfer, recycling, disposal, and energy services and is based in Phoenix.
3/6/2019 Level 3 Audio Visual, LLC acquired Audio Visual Resources, Inc. The terms of the transaction were not disclosed. Level 3 specializes in the design, engineering, integration and interoperability of AV technology and is based in Mesa.
3/7/2019 Cornerstone Healthcare Group Holding, Inc. acquired Southland Home Health. The terms of the transaction were not disclosed. Southland provides home healthcare services and is based in Phoenix.
3/12/2019 Bridgepoint Education, Inc. (NYSE:BPI) agreed to acquire Fullstack Academy for $47.9 million. Bridgepoint Education operates as an education technology services company based in Chandler and changed its name to Zovio Inc. (NasdaqGS:ZVO) in April.
3/13/2019 PeopleFacts LLC acquired Universal Background Screening, Inc. The terms of the transaction were not disclosed. Universal Background provides background screening solutions in the United States and is based in Phoenix.
3/19/2019 ScaleMatrix Holdings, Inc. acquired Instant Data Centers. The terms of the transaction were not disclosed. Instant Data develops and builds micro-modular data centers for data center and cloud markets and is based in Chandler.
3/20/2019 Westfall Technik, Inc. acquired MicroTech Southwest Inc. The terms of the transaction were not disclosed. MicroTech designs and manufactures customized moldings serving the medical, consumer electronics, and consumer goods industries and is based in Tempe. Westfall manufactures solutions for the production of plastic parts in the medical, packaging, and consumer goods segments and is based in Chandler.
3/21/2019 Axway Software SA (ENXTPA:AXW) acquired Streamdata.io. The terms of the transaction were not disclosed. Axway publishes enterprise software for governing the flows of data that facilitates interactions of commercial enterprises or governments worldwide and is based in Phoenix.
3/24/2019 AFS Technologies, Inc., dba Advanced Foodsystems, Inc., agreed to acquire Exceedra Limited. The terms of the transaction were not disclosed. Advanced Foodsystems provides software solutions that support manufacturers, distributors, and sales agencies in consumer goods companies worldwide and is based in Phoenix. DLA Group is serving as legal advisor to Advanced Foodsystems.
3/27/2019 ON Semiconductor Corporation (NasdaqGS:ON) agreed to acquire Quantenna Communications, Inc. (NasdaqGS:QTNA) for $1.1 billion. ON Semiconductor manufactures and sells semiconductor components for various electronic devices worldwide and is based in Phoenix. Morrison & Foerster LLP is serving as legal advisor to ON Semiconductor.
3/28/2019 Investis Digital acquired Vertical Measures, LLC. The terms of the transaction were not disclosed. Vertical Measures operates as a strategic Internet marketing company and is based in Phoenix. Osborn Maledon, PA served as legal advisor to Investis Digital.
3/29/2019 Riester Corporation acquired Santy Integrated, Inc. The terms of the transaction were not disclosed. Santy operates as a branding and marketing agency that provides advertising and public relations services and is based in Scottsdale. Riester operates as an advertising and public relations company and is based in Phoenix.
3/31/2019 Troon Golf, LLC acquired OB Sports Golf Management, LLC. The terms of the transaction were not disclosed. OB Sports designs, constructs, and manages golf courses and is based in Scottsdale. Troon Golf operates as a golf management, development, and marketing company and is based in Scottsdale. Jennings, Strouss & Salmon, P.L.C. served as legal advisor to Troon Golf.
3/31/2019 Cable One, Inc. (NYSE:CABO) agreed to acquire the Data, Video and Voice business and related assets of Fidelity Communications Co., Inc. for $525.9 million. Cable One owns and operates cable systems that provide data, video, and voice services and is based in Phoenix. Cravath, Swaine & Moore LLP is serving as legal advisor to Cable One.
M&A – Financial
3/1/2019 Paulson & Co. Inc. and TriArtisan Capital Advisors LLC acquired P.F. Chang's China Bistro, Inc. The terms of the transaction were not disclosed. P.F. Chang's, through its subsidiaries, engages in the ownership and operation of restaurants in the United States and is based in Scottsdale. Weil, Gotshal & Manges LLP served as legal advisor to P.F. Chang's.
Private Placements
3/14/2019 OfferPad, LLC announced that it has received its Series C round of funding from an undisclosed investor. OfferPad operates an online platform that helps homeowners sell their homes to buyers and is based in Gilbert.
3/19/2019 Blue Cedar Networks, Inc. announced that it has received $17.0 million in its Series B round of funding led by new investor C5 Capital Ltd with participation from Grayhawk Capital, LLC and other investors. Grayhawk is a venture capital and SBIC investing firm based in Scottsdale.