August 2011 Arizona M&A Activity

M&A – Strategic

8/1/2011 Ralph L. Wadsworth Construction Company, Inc. acquired J. Banicki Construction, Inc. for $13.0 million.

8/1/2011   Avnet Inc. (NYSE: AVT) acquired J.C. Tally Trading Co., Ltd. The terms of the transaction were not disclosed.

8/1/2011   Avnet Inc. (NYSE: AVT) acquired Prospect Technology Corporation. The terms of the transaction were not disclosed.

8/1/2011   Metso Corp. (HLSE:MEO1V) acquired Copperstate Industrial Services, Inc. The terms of the transaction were not disclosed.

8/2/2011   Plastics Color Corporation acquired Polysource, LLC. The terms of the transaction were not disclosed.

8/2/2011 Apollo Group Inc. (NasdaqGS: APOL) entered into an agreement to acquire Carnegie Learning, Inc. from Carnegie Mellon University, Draper Triangle Ventures, L.P., investment arm of NewSchools Venture Fund and others for $75.0 million, less outstanding debt.

8/3/2011   Sabrient Systems, LLC acquired Gradient Analytics, Inc. The terms of the transaction were not disclosed.

8/4/2011   Abidance Consulting acquired Fortech Software Consulting, Inc. from Goldstone Technologies Ltd. (BSE: 531439). The terms of the transaction were not disclosed.

8/5/2011   HannStar Board Corporation (TSEC: 5469) made a proposal to acquire remaining 25.01% stake in HannStar Board International Holdings Ltd (SEHK: 677) from ING Investments LLC and other shareholders for approximately $55.7 million.

8/10/2011   Wildeck Inc. acquired Ladder Industries, Inc. The terms of the transaction were not disclosed.

8/12/2011 Imperial Capital Group and Imperial’s portfolio company Petra Pet, Inc. acquired Nutri-Vet, LLC. The terms of the transaction were not disclosed.

8/15/2011   Flambeau, Inc. agreed to acquire Mastercraft Companies from Arle Rawlings. The terms of the transaction were not disclosed.

8/19/2011   Ameresco, Inc. (NYSE: AMRC) acquired APS Energy Services Company, Inc. from Pinnacle West Capital Corporation (NYSE: PNW). The terms of the transaction were not disclosed.

8/19/2011 Trivantis Corporation acquired Flypaper Studio, Inc. The terms of the transaction were not disclosed.

8/22/2011 SNTech, Inc. acquired the pool and spa motor business of Regal Beloit Corporation (NYSE: RBC). The terms of the transaction were not disclosed.

8/26/2011   CR & R Incorporated acquired Brice Hauling LLC from Brice and Becky Zeller. The terms of the transaction were not disclosed.

8/30/2011   DGFastChannel, Inc. (NasdaqGS: DGIT) signed a definitive agreement to acquire chors GmbH and EyeWonder, Inc. from Limelight Networks, Inc. (NasdaqGS: LLNW) for $66.0 million in cash.

M&A – Financial

8/4/2011   The Gores Group LLC acquired the U.S. payment systems business of Hypercom Corp. (NYSE: HYC) and KleinPartners Capital Corp. in conjunction with the acquisition of Hypercom Emea Ltd and Hypercom Spain Sa by Kazem Aminaee. The terms of the transactions were not disclosed

8/14/2011 Emergency Restoration Experts has been recapitalized by a Chicago based Private Equity firm. Financial details were not disclosed.

As reported by: Columbia West capital, LLC