Arizona Deal Intelligence - August 2019
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
8/1/2019 Times Media Group acquired Southland Publishing, Inc. The terms of the transaction were not disclosed. Times Media Group is a digital and print media company for the Phoenix and Tucson metro markets and is based in Tempe.
8/5/2019 Shermco Industries, Inc. acquired Southwest Energy Systems, LLC. The terms of the transaction were not disclosed. Southwest Energy Systems provides testing, analysis, and maintenance services for electrical systems and is based in Phoenix.
8/5/2019 Pueblo Mechanical & Controls, LLC acquired Innovative Mechanical Systems Inc. The terms of the transaction were not disclosed. Innovative Mechanical Systems provides installation and maintenance services for commercial HVAC systems and is based in Phoenix. Pueblo Mechanical & Controls provides HVAC and installation services and is based in Tucson.
8/8/2019 AGM Container Controls, Inc. acquired Duralar Technologies, LLC. The terms of the transaction were not disclosed. Duralar Technologies manufactures metal coating machines and systems and is based in Tucson. AGM Container Controls designs and fabricates environmental control hardware for multiple markets and is based in Tucson.
8/8/2019 Flex Technology Group acquired SEMA, Inc., doing business as Cell Business Equipment. The terms of the transaction were not disclosed. Flex Technology Group provides managed printing, document management and managed information technology services to the printing industry and is based in Mesa.
8/8/2019 Hikma Pharmaceuticals USA Inc. agreed to acquire the Naxalone and Epinephrine Nasal Sprays from INSYS Therapeutics, Inc. (OTCPK:INSY.Q) for $17.0 million. INSYS Therapeutics is a specialty pharmaceutical company that focuses on cannabinoids and drug delivery systems that address unmet patient needs and is based in Chandler. Weil, Gotshal & Manges LLP is serving as legal advisor to INSYS Therapeutics.
8/9/2019 Ascensus, LLC acquired Beneco Inc. The terms of the transaction were not disclosed. Beneco provides retirement, medical and ancillary, life insurance, and human resource and compliance solutions to contractors and is based in Scottsdale.
8/12/2019 AAA Home Smart acquired Safeguard Security and Communications Inc. The terms of the transaction were not disclosed. Safeguard provides security and alarm services for local families and businesses and is based in Scottsdale.
8/12/2019 Mobile Mini, Inc. (NasdaqGS:MINI) acquired the rental operations of JKW Holdings, LLC. The terms of the transaction were not disclosed. Mobile Mini provides portable storage and specialty containment solutions and is based in Phoenix.
8/14/2019 Alera Group, Inc. acquired Benefit Commerce Group LLC. The terms of the transaction were not disclosed. Benefit Commerce Group provides employee benefit plans and is located in Scottsdale.
8/26/2019 Payment Alliance International, Inc. acquired Eclipse Cash Systems, LLC. The terms of the transaction were not disclosed. Eclipse Cash Systems distributes ATM products in the United States and is based in Chandler.
8/30/2019 The ONE Group Hospitality, Inc. (NasdaqCM:STKS) agreed to acquire substantially all restaurants of Kona Grill, Inc. (OTCPK:KONA.Q) and affiliated entities for $35.8 million. Kona Grill owns and operates upscale casual restaurants under the Kona Grill brand name and is based in Scottsdale. Pachulski Stang Ziehl & Jones LLP is serving as legal advisor to Kona Grill.
M&A - Financial
8/27/2019 Warburg Pincus LLC agreed to acquire a majority stake in WebPT, Inc. from Battery Ventures. The terms of the transaction were not disclosed. WebPT develops electronic medical record and practice management solutions for medical professionals and is based in Phoenix. Cooley LLP is serving as legal advisor to WebPT.
Private Placements
8/7/2019 PolyCharge America, Inc. announced that is has received a round of funding from new investor SFM Holdings, an investment arm of Mursix Corporation. PolyCharge manufactures capacitors for electrical purposes and is based in Tucson.
8/13/2019 Indecomm Digital Services, Inc. announced that it has received approximately $200.0 million in a round of funding from new investor Warburg Pincus LLC. Indecomm develops digital software solutions for automation and agile execution in enterprises and is based in Scottsdale.