Arizona Deal Intelligence - June 2021

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

6/1/2021 Crest Insurance Group, LLC acquired SJS Insurance, LLC. The terms of the transaction were not disclosed. SJS operates as an insurance agency and is based in Scottsdale. Crest is a full-service insurance agency based in Tucson.

6/1/2021 CBIZ, Inc. (NYSE:CBZ) acquired Schramm Health Partners, LLC, dba Optumas. The terms of the transaction were not disclosed. Optumas provides health care actuarial services and is based in Scottsdale.

6/1/2021 Knight-Swift Transportation Holdings Inc. (NYSE:KNX) acquired Utxl Enterprises, Inc. for $22.5 million. Knight-Swift, together with its subsidiaries, provides truckload transportation services in the United States, Mexico, and Canada and is based in Phoenix.

6/1/2021 Goettl Home Services, LLC acquired Arrow Pipeline Repair Inc., dba Pacific Drain & Plumbing. The terms of the transaction were not disclosed. Goettl provides repair, installation, and replacement services for air conditioning and heating systems in commercial and residential markets and is based in Tempe.

6/2/2021 Modi Health Technologies, LLC acquired More Active, LLC. The terms of the transaction were not disclosed. More Active develops a digital fitness platform that offers corporate employees workout programs, nutrition programs, wearable integration, goal setting, and health assessments and is based in Glendale.

6/2/2021 Frontdoors Media acquired The Red Book, azredbook.com and The Red Book Magazine from ON Media. The terms of the transaction were not disclosed. The Red Book is a directory of mutual friends, business leaders and community volunteers who share common relationships and affiliations and is based in Phoenix. Frontdoors is a publishing and multimedia company based in Phoenix. ON Media offers publishing services and is based in Phoenix.

6/2/2021 Blok, LLC, dba blokforge.com, acquired Cryptouniverse Hardware Solutions GmbH. The terms of the transaction were not disclosed. blokforge.com operates as an online mining hardware and accessories warehouse.

6/6/2021 GC Logistics, LLC acquired Phoenix EI Transportation Inc. The terms of the transaction were not disclosed. Phoenix EI offers reliable non-emergency medical transportation services by stretcher, wheelchair, and ambulatory services and is based in Phoenix.

6/7/2021 Priority Funding, LLC acquired Teamwork Mortgage Inc. The terms of the transaction were not disclosed. Teamwork provides mortgage brokerage services for home loans and is based in Mesa.

6/8/2021 cloudIT, LLC acquired Fortress Computer Pros. The terms of the transaction were not disclosed. cloudIT offers IT solutions to improve business processes and application delivery for small, medium, and enterprise level organizations and is based in Phoenix.

6/8/2021 GlobalTranz Enterprises, Inc. acquired Taktik Logistics Group Inc. The terms of the transaction were not disclosed. GlobalTranz develops a suite of transportation services and logistics solutions and is based in Scottsdale.

6/9/2021 nVent Electric plc (NYSE:NVT) agreed to acquire Central Industrial Supply Company Inc. for $200.0 million. The transaction closed on 7/1/2021. Central designs, develops, and manufactures mechanical motion technology, power management, and display products for IT, banking equipment, and high-end consumer appliance products and is based in Tucson.

6/10/2021 TrueLearn acquired Picmonic. The terms of the transaction were not disclosed. Picmonic develops and operates an audiovisual platform for learning and is based in Phoenix. Weiss Brown served as legal advisor to Picmonic.

6/11/2021 Worldwide Express Operations, LLC agreed to acquire GlobalTranz Enterprises, Inc. The terms of the transaction were not disclosed. GlobalTranz develops a suite of transportation services and logistics solutions and is based in Scottsdale.

6/15/2021 Highway 85 Creative LLC acquired Architectural Impressions. The terms of the transaction were not disclosed. Architectural Impressions operates as an exhibit design company and is based in Tempe. Highway 85 engages in designing custom exhibits and rental solutions and is based in Glendale.

6/16/2021 The Chefs' Warehouse, Inc. (NasdaqGS:CHEF) acquired all the assets of Nicola Imports, LLC. The terms of the transaction were not disclosed. Nicola is a purveyor of specialty food products and is based in Phoenix.

6/21/2021 Select Medical Holdings Corporation (NYSE:SEM) and Northwest Healthcare agreed to acquire Curahealth Tucson from Curahealth, LLC. The terms of the transaction were not disclosed. Curahealth Tucson operates as a long-term acute care hospital. Northwest operates as an integrated healthcare provider and is based in Tucson. Curahealth Tucson will be rebranded as Select Specialty Hospital – Tucson Northwest and managed by majority owner Select Medical.

6/23/2021 OEM Group, Inc. acquired Rite Track Equipment Services, Inc. The terms of the transaction were not disclosed. OEM manufactures and sells semiconductor capital equipment and is based in Gilbert.

6/27/2021 AIM Recycling Erie, LLC and AIM Recycling Phoenix, LLC agreed to acquire certain U.S. assets of Liberty Iron & Metal Inc. for $19.8 million. Liberty, a subsidiary of Hong Kong-based Chiho Environmental Group, engages in ferrous and non-ferrous scrap metal recycling, and the assets include shredder yards in Phoenix, Buffalo, NY and Erie, PA, as well as certain equipment, machinery, vehicles, trailers, containers, computer software and inventory of the shredder facilities. AIM Recycling Phoenix is a newly formed subsidiary of Montreal-based American Iron and Metal Recycling Group (AIM).

6/29/2021 The IMA Group acquired Orchard Medical Consulting. The terms of the transaction were not disclosed. Orchard provides nurse case management services and is based in Phoenix.

6/30/2021 Activeclass acquired Notebowl Inc. The terms of the transaction were not disclosed. Notebowl operates an online platform to broadcast lectures and save answers to student questions and is based in Scottsdale. Activeclass is an education technology company that helps schools and instructors create active learning communities that drive student engagement and improve student outcomes and is based in Scottsdale.

6/30/2021 Mister Car Wash, Inc. (NYSE:MCW) acquired Superwash Express Inc. The terms of the transaction were not disclosed. Mister Car Wash operates over 340 car washes nationwide and is based in Tucson.

Private Placements

6/4/2021 Jetti Resources announced that it has raised $50.0 million in a round of funding from Mitsubishi Corporation (TSE:8058), BHP Group (ASX:BHP), Freeport-McMoRan Inc. (NYSE:FCX) and other investors. Freeport engages in the mining of mineral properties in North America, South America, and Indonesia and is based in Phoenix.

6/22/2021 Nikola Corporation (NasdaqGS:NKLA) acquired 20% stake in Wabash Valley Resources LLC for $50.0 million. Nikola engages in the development and integration of energy and transportation solutions and is based in Phoenix. Benesch, Friedlander, Coplan & Aronoff served as legal advisor to Nikola.

6/22/2021 Embark Trucks, Inc. announced it is going public via a merger with special purpose acquisition corporation Northern Genesis Acquisition Corp. II (NYSE:NGAB). The transaction includes a $200.0 million private investment from Knight-Swift Transportation Holdings Inc. (NYSE:KNX), Mubadala Capital, CPP Investments, Sequoia Capital, Tiger Global and other investors. Knight-Swift, together with its subsidiaries, provides truckload transportation services and is based in Phoenix.

6/22/2021 TR8 Securities Inc., trading as Gotrade, announced that it has received $7.0 million in a round of funding led by new investor Senderwood LLP with participation from new investors Y Combinator Management LLC, Plug and Play, LLC, Social Leverage Group, LLC, Soma Capital, Picus Capital GmbH, and other investors. Social Leverage is a principal investment firm based in Scottsdale.

6/23/2021 Footprint International Holdco, Inc. announced that it has received $142.0 million in funding from 4 investors. Based in Gilbert, Footprint is a plant-based fiber-technology company that develops and manufactures packaging products that are biodegradable, compostable and recyclable. Footprint recently partnered with Phoenix Suns and Mercury basketball teams in a deal to rename their arena Footprint Center and do away with single-use plastic at the facility.

6/24/2021 Lessen Inc. announced that it has received $35.0 million in its Series A round of funding led by new investor Fifth Wall Ventures Management, LLC with participation from existing investors Khosla Ventures, LLC, and Navitas Capital GP, LLC. Lessen develops a web-based platform for real estate and property services management and is based in Scottsdale.

6/28/2021 CubicPV announced that it will receive $25.0 million in a round of funding that will include participation from Hunt Energy Enterprises, First Solar, Inc. (NasdaqGS:FSLR), Breakthrough Energy Ventures, LLC, and others. First Solar provides photovoltaic solar energy solutions and is based in Tempe.

6/30/2021 Trainual, Inc. announced that it has received $27.0 million in its Series B round of funding led by new investor Altos Ventures Management, Inc. with participation from existing investors 4490 Ventures, Math Venture Partners Management, LLC, PHX Venture Partners, LLC, and several new individual investors, including Daymond John, Rony Kahan, Mikita Mikado, Matt Rissell and David Sipes. Trainual develops and offers training and process management application software for employers and is based in Scottsdale. PHX Venture Partners is a venture capital firm based in Phoenix.

6/30/2021 Virtuous Software LLC announced that it has received $18.0 million in funding from 5 investors. Virtuous develops a customer relationship management platform which helps nonprofit companies raise money and is based in Phoenix.