Acquisitions in Nevada in 2020

Individual FoodService, a portfolio company sponsored by Kelso & Company, has merged with Brady Industries, a Las Vegas-based janitorial and sanitation (JanSan) distributor. The deal creates a significantly larger distributor of foodservice disposables and JanSan products with expanded geographic reach, 38 combined facilities and enhanced cross-selling opportunities.

Nexstar Inc., a subsidiary of Nexstar Media Group, agreed to acquire BestReviews LLC from Tribune Publishing Company and BR Holding Company, Inc. for $160 million in cash. Tribune owned 60% and the founders (BR Holding) owned 40%; the deal strengthens Nexstar's digital content and commerce capabilities and is expected to close following customary approvals.

Searchlight Capital Partners has made a strategic growth investment in Sightline Payments, establishing a post-money valuation of $525 million. Sightline management also participated as co-investors; the capital will support expansion of Sightline’s cashless payment and wallet solutions across gaming, sports betting, lottery and hospitality markets.

Monroe Engineering Group, a ShoreView-backed platform company, has acquired Titan Wire & Cable, a Sparks, Nevada-based supplier of cable, connectors and component solutions. The add-on expands Monroe’s product offering and end-market coverage (including solar, geothermal, wind, telecommunications and industrial markets) and is ShoreView’s sixth add-on to the Monroe platform since its 2017 investment.

UMAX Group Corp., an OTC-listed Nevada corporation, has acquired Home Foam Corporation, a Las Vegas-based custom manufacturer of expanded polystyrene (EPS) architectural products, packaging inserts and geo-foam. The acquisition was completed via an equity exchange making Home Foam a wholly owned subsidiary; Home Foam operates a 12,500 sq. ft. facility with nine full-time employees and services regional commercial and home-building clients.

DPIS Builder Services, a portfolio company of Saw Mill Capital, has acquired the Ei Companies, a Las Vegas-based provider of energy inspections and MEP design services. The deal expands DPIS' geographic footprint into the Western United States and creates a nationwide platform for engineering, inspection, testing and certification across the residential construction market.

Advantage Capital made a $2.1 million growth capital investment in Las Vegas-based market research firm Precision Opinion to provide working capital for product development, sales and marketing, and talent acquisition. The financing, made in connection with the Nevada New Markets Jobs Act and as part of the Silver State Growth Capital Initiative, will support Precision Opinion's continued growth and hiring plans (the company currently employs more than 700 people and plans to add ~150).

Honeywell has acquired privately held Rocky Research, a Boulder City, Nevada-based technology leader in thermal, energy and power management solutions, and will integrate the business into Honeywell Aerospace. Rocky Research's founder and sole owner Uwe Rockenfeller will join Honeywell and the company's Boulder City and Huntsville locations will continue to support R&D, integration and testing. Terms were not disclosed.

Rosewood Private Investments (RPI) has acquired Living Ecology, a developer, formulator, and manufacturer of functional foods and nutritional supplements headquartered in Henderson, Nevada. Living Ecology — which operates manufacturing facilities in Corona, California and an allergen-free facility in Henderson — will become an affiliate of RPI-owned Innovations in Nutrition + Wellness (INW), expanding RPI/INW’s capabilities into fruit and nutritional bars sold to retailers such as Costco, Whole Foods and Starbucks.

Patriot Growth Insurance Services has added Las Vegas-based Capstone Brokerage to its platform, expanding Patriot's property & casualty and employee benefits capabilities and establishing a presence in the Nevada market. Capstone, led by President Mary Thompson, is a rapidly growing independent agency recognized for its workplace culture and has roughly a dozen employees.

Boundless Immigration acquired RapidVisa to expand its service offerings, triple supported immigration categories, and accelerate application processing. The deal, financed in part by a $7.5M Series A-1 led by Foundry Group, doubles Boundless's team size and expands its global footprint with offices in Las Vegas and the Philippines.

ConvergeOne has acquired Altivon, a Nevada-based contact center solutions provider, to broaden its collaboration and customer experience offerings. The deal integrates Altivon’s Genesys-focused contact center design, deployment and support capabilities into ConvergeOne’s portfolio and expands ConvergeOne’s collaboration footprint across North America.

U.S. Gold Corp. (Nasdaq: USAU) has completed an all-share acquisition of Northern Panther Resource Corporation, a newly formed Nevada corporation whose principal asset is the Challis Gold Project in Idaho. The transaction adds a drill-ready exploration project and approximately $2.5 million in cash to U.S. Gold Corp., and was accompanied by concurrent preferred-stock financings that could bring up to $8.0 million of additional capital; several Northern Panther shareholders (including George Bee and Robert Schafer) became shareholders of U.S. Gold.

Grow Capital, Inc. (OTCPK: GRWCD) has executed a stock exchange agreement to acquire 100% of Public Employee Retirement Assistance, LLC (PERA), a Nevada-headquartered third-party marketing organization that schedules retirement planning appointments between state-licensed representatives and public employees. The acquisition adds PERA's appointment-generation technology and network of over 5,000 advisors to Grow Capital's fintech group and includes an equity consideration structure tied to a $10.0M exchange-share calculation plus potential earn-outs.

Experity Ventures LLC acquired 100% of ProMed Capital Venture LLC, a Las Vegas-based provider of medical receivable funding for healthcare providers that works with medical liens and letters of protection. Financial terms were not disclosed; Bryant Park Capital served as exclusive financial advisor to ProMed. The acquisition expands Experity's specialty finance and technology-enabled funding capabilities in the personal-injury litigation ecosystem.

Vacation Innovations (VI), backed by investment partner Tritium Partners, has acquired Holiday Systems International (HSI), a travel-technology and membership platform with nearly 400,000 members. The deal adds 12 brands and HSI's suite of booking, loyalty and membership software to VI's portfolio as VI expands its timeshare and broader travel offerings and scales HSI's team and products.

Xenon Partners, a SaaS-focused private equity firm, has acquired UXPin, a collaborative design and prototyping SaaS platform. Xenon said it will leverage its growth and operating expertise to expand UXPin’s product, reach and go-to-market capabilities for design and development teams.

Limitless Venture Group Inc. (LVGI) has acquired a majority ownership stake in Nevada-based Rokin Inc., a maker and distributor of vaping products and related CBD items. LVGI said the deal will provide Rokin with capital and resources to expand product lines, accelerate marketing and distribution, and pursue revenue growth across retail and wholesale channels.

Orlando-headquartered Universal Engineering Sciences, LLC (UES), backed through its relationship with Palm Beach Capital and Gary H. Elzweig, P.E., has announced that NOVA Geotechnical & Inspection Services, LLC has joined the UES family. The deal expands UES's footprint westward — adding NOVA's Las Vegas, Reno and Irvine capabilities to UES's national platform and strengthening its geotechnical, materials testing and inspection service offering.

Anything Technologies Media, Inc. (OTC: EXMT) acquired Amethyst Beverage, a Reno, Nevada–based premium bottled water company, as a wholly owned subsidiary. The acquisition expands Anything Technologies Media's product portfolio into patented, hemp‑enhanced alkaline waters and is intended to leverage ATM's distribution channels to fulfill multimillion‑dollar contracts.

naviHealth has acquired Innovative Healthcare Delivery (IHD), a provider of high-touch, non-clinical services and patient engagement technology focused on addressing social determinants of health. The acquisition expands naviHealth's care coordination capabilities and extends its post-acute care services into the home to help providers and health plans improve outcomes and reduce readmissions.

Cordia Corporation (OTCM: CORG) entered into a letter of intent to acquire The Blind Pig LLC, owner of the Blind Pig Restaurant in Las Vegas, Nevada. Cordia intends to integrate the location into its Las Vegas presence as a dine-in flagship and as the foundation for branded virtual restaurants and delivery operations; the seller is a limited liability company controlled by Cordia CEO Peter Klamka.

AssuredPartners, Inc. has acquired Nevada West Business Insurance Agency, Inc., a Las Vegas-based commercial insurance agency. The five-person agency, which reports approximately $1 million in annualized revenue, will remain under the operational leadership of Jeff Maren as AssuredPartners expands its presence in the Nevada market.

USI Insurance Services acquired Las Vegas-based independent insurance agency Orgill Singer & Associates. The team from Orgill Singer (Las Vegas and Reno) will join USI as the acquisition expands USI's commercial, employee benefits and personal risk capabilities in Nevada; terms were not disclosed.

Cornerstone Payment Systems, a Tustin, California-based independent sales organization, acquired Move Your Mountain, a Reno-based crowdfunding and online fundraising platform founded in 2014. The acquisition expands Cornerstone's payment and fundraising processing capabilities and allows it to offer new fundraising tools to individuals, nonprofits and ministries.

Executech, a leading managed IT services provider, has acquired Pact-One, a full-service IT firm specializing in dental IT solutions across Las Vegas, San Diego, Los Angeles and the San Francisco Bay Area. Pact-One will continue to operate independently with CEO Dan Edwards and the existing staff retained, while gaining Executech's broader technical resources, cybersecurity and cloud capabilities.

Frontier Oilfield Services, Inc. has entered into a definitive agreement to acquire all assets of TRICCAR Holdings, Inc.; Frontier will issue 80% of its stock in the transaction and change its name to TRICCAR, Inc. The deal is intended to take TRICCAR public, leverage Frontier's extraction/disposal expertise to improve TRICCAR's proprietary plant extraction processes, and retain Frontier shareholders with a 20% stake in the combined public company.

S|E|Capital Partners, a Chicago-based private investment firm, acquired Sierra Air Conditioning, Inc. and Sierra, LLC, closing the transaction on January 2, 2020. Sierra is a dominant residential HVAC installer and service provider in the Las Vegas market; the buyer sees the business as an ideal platform to expand its footprint and offerings.