Tag Archives: Acquires


GoDaddy Acquires Email marketing firm Mad Mimi

GoDaddy, the world’s largest technology provider dedicated to small businesses, announced it has acquired Mad Mimi, which helps small businesses connect with customers through simple, beautiful and effective email marketing. Mad Mimi’s easy-to-use applications, empathetic and knowledgeable customer care, and robust technology platform made the company a perfect fit for GoDaddy and its expanded offerings to small businesses. Financial details of the transaction were not disclosed.

While email marketing is an effective way to engage with customers, less than one-third of small businesses are using email marketing applications to communicate with and engage customers and prospects. Mad Mimi’s stylish and simple email marketing product helps users easily create, send, share and track elegant and customized email newsletters. With the combination of GoDaddy and Mad Mimi, GoDaddy customers can easily collect customer information and add fresh content on their website, improving customer engagement and search engine optimization.

The Mad Mimi service will continue to be available as a standalone application. GoDaddy and Mad Mimi intend to build a next generation product utilizing the Mad Mimi platform, with availability scheduled for 2015.

“Email marketing is critical. It helps small businesses connect to customers in a low-cost and easy to use way, effectively tapping into existing customer relationships, making the business of business easier,” said Steven Aldrich, senior vice president of Business Applications, GoDaddy. “Mad Mimi’s email marketing application is a great solution to provide to our growing base of customers who will benefit from Mad Mimi’s high quality product and overall positive customer experience.”

“We built Mad Mimi with a vision to delight our customers and GoDaddy’s vision to champion small businesses matches Mad Mimi’s,” said Gary Levitt, founder and CEO, Mad Mimi. “Together with GoDaddy, we’re incredibly excited to put simple and lovely email marketing in front of a whole new audience and help that audience discover the beauty and efficiency of marketing this way to customers.”

A Guide to Applying for a Bank Loan

First Scottsdale Bank Acquires Commerce Bank of Arizona

First Scottsdale Bank and Commerce Bank of Arizona, Inc.’s parent company, CBOA Financial, Inc., have announced an agreement to merge as part of an $8.6 million transaction.  With over $300 million in assets and eight branches stretching from Scottsdale to Tucson, the combined company will be the second largest community bank franchise headquartered in Arizona.  As part of the transaction, the combined company will undertake a $10 million common equity offering.

The combined bank will operate under the Commerce Bank name.

“We are very optimistic about the long-term growth prospects for the Tucson market, and this transaction leaves us poised to capitalize on robust economic growth in the two largest markets in Arizona,” said Rich Vogel, chairman and CEO of First Scottsdale Bank.  Vogel added, “Our combined organizations are in a very strong capital position and we will be aggressively lending to creditworthy customers in both Phoenix and Tucson.”

John P. Lewis will come out of retirement to serve as president of the bank’s Tucson Operations.  Lewis is not to be confused with John S. Lewis, who became president and CEO of Commerce Bank of Arizona in May 2012.

The transaction is expected to close in the second half of 2013, subject to customary regulatory and shareholder approvals.

First Scottsdale was recently recognized by MSN as the only bank in Arizona, and one of only 359 of more than 7,300 banks nationwide, with a perfect score in a measure of bank safety.

“This significant achievement during a period of aggressive growth of our organization is a direct reflection of the leadership and the culture created by our president, Chris Webster,” said Vogel.

The new Commerce Bank of Arizona offers a complete line of business and consumer banking services, including a variety of commercial, real estate and mortgage loan products. With offices in Scottsdale, Mesa, Tucson, Green Valley and Tubac, the bank specializes in customized financial services to small business owners, professionals, nonprofit organizations and individuals. For more information, call (480) 998-8408.


USI Insurance Services Acquires Wick Pilcher Insurance

USI Insurance Services (“USI”) announced the closing of the acquisition of Wick Pilcher Insurance, Inc. based in Phoenix. Terms of the transaction were not disclosed.

Formed in 1992, Wick Pilcher Insurance provides comprehensive insurance programs for all facets of employee benefits, commercial and personal risk. By combining the existing USI office in Phoenix with Wick Pilcher Insurance, USI becomes one of the largest middle-market insurance brokerage firms in the Greater Phoenix metropolitan area.

Thomas R. Lewis, USI’s regional CEO for the West, said, “I am very excited to be expanding and merging our existing operations in Phoenix under Wick’s leadership. Wick and his team have been providing clients competitive pricing and outstanding service for more than 20 years. We are partnering with an experienced staff that truly understands all aspects of the mid-market insurance business. Their reputation for being proactive in analyzing and developing effective programs is a perfect complement to USI’s resource-intensive, consultative strategy of delivering economically justified results to risk and employee benefit challenges. I couldn’t be more pleased to have Wick and his team join us.”

“We look forward to partnering with USI,” said William “Wick” W. Pilcher, II, president and CEO of Wick Pilcher Insurance. “The Pilcher legacy of placing our client’s needs above all else remains our primary goal. I continue to be committed to our clients, our employees and our company, today as well as in positioning ourselves for the future.”

Wick Pilcher Insurance is a second generation independent insurance agency with more than 20 years experience. The Pilcher family has been in the insurance industry since 1950, providing insurance solutions to businesses and individuals throughout Arizona. Competitive pricing, professional team members and exceptional individualized client services set the agency apart from its competitors.


Banner acquires Odyssey Hospice to expand hospice services

Banner Health announced the acquisition of Odyssey Hospice in Maricopa County, which is owned by Gentiva, a national home care and hospice organization based in Atlanta, Ga. Non-profit Banner Health will assume operations of Odyssey Hospice facilities and programs on Dec. 1, 2012. On that date, Banner Hospice will transition Odyssey patients, employees, facilities and programs into Banner.

“This expansion of hospice care is an important part of building a key patient program within Banner’s continuum of community-based services. Banner Hospice is an essential resource for the growing number of patients within insurance plans served by the Banner Health Network,” said Banner Health’s David Baker, chief executive officer of Banner Home Care. “We’re extremely pleased to bring such a high quality service like Odyssey Hospice into Banner Health, and we’re honored to bring such an outstanding group of professionals into Banner,” he continued.

The acquisition includes two in-patient hospice facilities – one in Mesa and the other in Peoria – and all in-home hospice services in Maricopa County. Odyssey’s in-patient hospice unit in Mesa will merge on December 1, and all patients will be transferred into Banner Hospice’s Mesa in-patient facility. “We are committed to ensuring that these transfers occur as smoothly as possible for the patients and their families,” Baker said.

Odyssey Hospice employs more than 130 people in the Phoenix area. It is anticipated that Banner’s daily census of hospice patients in Maricopa County, both in-patient and in-home, will grow to more than 300 patients daily.


MJ Insurance Acquires Indianapolis-based Mead & Company

MJ Insurance Acquires Indianapolis-based Mead & Company

(Oct. 1, 2012) – MJ Insurance, a leading property-casualty and employee benefits agency with offices in Indianapolis and Phoenix, announced today it has acquired Indianapolis-based Mead & Company. Terms of the deal between the two private firms were not disclosed. The acquisition is scheduled to close today.

Mead & Company is a multi-generational family business operated by the Mead family and founded in the 1860s. The firm began as a managing general agency known as Zener and Stone but subsequently became known as Stone, Stafford and Stone. In 1981, the name was changed to Mead & Company owned by William J. Mead. MJ Insurance was founded in 1964 by James B. Ritter and Michael M. Bill. Today, Michael M. Bill still serves as chairman of the company’s board of directors while his son, Michael H. Bill, serves as CEO.

Similar to MJ Insurance, Mead & Company, Inc. offers property-casualty and personal lines services for a host of clients. According to terms of the deal, Mead & Company employees will be transferred to MJ Insurance’s Indianapolis headquarters. There will be no layoffs.

“We are proud to associate the MJ name with a firm like Mead & Company and to continue to build on the company’s well-respected legacy,” said Michael H. Bill.

MJ Insurance, with offices in Indiana and Arizona, is a property-casualty and employee benefits agency that, since 1964, has grown from a two-person start-up to an agency with more than 125 employees. MJ Insurance specializes in a diverse selection of unique service lines including construction, energy, transportation, real estate, manufacturing, sororities and mining. MJ also offers complete employee benefits programs including major medical, group disability, group life and onsite employer clinics. MJ Insurance currently has clients in 16 countries and in every U.S. state.