ACG Arizona announces ‘Deal of the Year’ finalists

Business News | 26 Apr, 2019 |

The Arizona Chapter of the Association for Corporate Growth (ACG Arizona) has announced the three finalists for its 2018 “Deal of the Year” award, which will acknowledge Arizona’s most significant 2018 mergers and acquisitions at an award event held next month.

Each year, ACG Arizona recognizes a company or private equity firm for its accomplishments relating to a notable merger, acquisition or capital markets transaction, and the organization will reveal the winner of 2018’s “Deal of the Year” award during a reception at the Arizona Biltmore Resort & Spa’s Gold Ballroom on Tuesday, May 21. Established Arizona businesses with between $10 million and $750 million of annual revenue are eligible for this recognition, and the three finalists for 2018 are as follows:

• The sale of Heritage Windows and Doors (DBA Tashco Industries, Inc.) to Anderson Corporation

• Verra Mobility Corporation’s (Nasdaq: VRRM) $2.4 billion initial public offering via reverse merger with Gores Holdings II, Inc. (Nasdaq: GHST)

• Ability Dynamics, LLC’s acquisition of Proteor, a provider of prosthetic and orthotic devices

The signature event will welcome guests for a networking session starting at 5:30 p.m., and the evening will feature the award presentation starting at 6:30 p.m.

“We are honored to announce this year’s ‘Deal of the Year’ award finalists, all of whom had a hand in some of the state’s biggest and most profitable business transactions in 2018,” said Mike Smiggen, Board President for ACG Arizona. “These are the transactions that have far-reaching effects across the state, and we tip our hats to those who helped make them a reality.” 

To be eligible for the “Deal of the Year” award, transactions must involve:

• Deal-making that either creates 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; and

• At least one company involved in the transaction headquartered or with a majority of its operations in Arizona. 

Tickets for the May 21 event are available for $89 for ACG members and $109 for ACG non-members if purchased by midnight on May 14, and $99 for members and $119 for non-members after May 14. Tickets may be purchased by visiting www.acg.org/arizona, calling (602) 448-3981 or e-mailing acgarizona@acg.org

Founded in 1954, the Association for Corporate Growth (ACG) is a global association for professionals involved in corporate growth, corporate development, and mergers and acquisitions. Today ACG stands at more than 14,000 members from corporations, private equity, finance, and professional service firms representing Fortune 500, Fortune 1000, FTSE 100, and mid-market companies in 56 chapters in North America, Europe, and Asia. The Arizona chapter of ACG includes representatives from corporate investment and private equity groups, financiers, venture capitalists and supporting consultant services. For more information, visit www.acg.org/arizona.

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