Three finalists have been announced for the award recognizing the most significant mergers and acquisitions transactions that took place in Arizona in calendar year 2016.
The “Deal of the Year” is an award given by the Arizona Chapter of the Association for Corporate Growth (ACG) to recognize a company or private equity firm for their accomplishments regarding a merger, acquisition or capital market transaction. The award will recognize a deal/transaction in the Arizona marketplace involving established businesses with between $10 million and $750 million of revenue that closed in calendar year 2016.
The three finalists for the award are:
• The merger of Translational Genomics Research Institute (TGen) and City of Hope.
• The sale of Border Construction Specialties by Svoboda Capital Partners to The Sterling Group.
• GlobalTranz Enterprises’ purchase of Global Freight Source, Inc.
The Deal of the Year Award will be given out on May 16 at a dinner at the Arizona Biltmore Resort & Spa’s Grand Ballroom. The ACG signature event begins with a networking session at 5 p.m. and culminates with the award presentation starting at 6:45 p.m.
“It’s these type of deals that help to fuel our state’s economy behind the scenes and position companies throughout the marketplace for growth,” said John Prenzno, Board President for ACG Arizona. “We are proud to be able to recognize these transactions for the benefits they have created for the Arizona business community and for the people who work with these fine organizations.”
The award criteria are:
· Deal-making that either created or demonstrates a real potential for substantial return on investment
· Deal-making that evidences the unlocking of value and/or contribution to the strategic development of the business
· Deal-making that produces a wider business impact, such as the development of new markets, products, services and/or technologies and the creation or retention of quality employment opportunities in Arizona
· Deal-making that reflects a high level of professional expertise in the design of the transaction and tested creativity and deal-making skills in completing the transaction
· At least one company involved in the transaction must be headquartered or have a majority of its operations in Arizona
Tickets for the May 16 event are available for $125 for ACG members and $155 for ACG non-members if purchased by midnight on May 9, and $155 for members and $175 for non-members after May 9. Tickets may be purchased by visiting www.acg.org/arizona, calling 602-448-3981 or e-mailing acgarizona@acg.org.
