Columbia West Capital News - Southwest Deal Intelligence
11.24.14 Utah Deal Intelligence - October 2014


This report is prepared as a courtesy to the Utah business community by Columbia West Capital based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.   

M&A - Strategic  

10/1/2014 LANDesk Software, Inc. acquired Naurtech Corporation for an undisclosed amount. LANDesk Software provides systems lifecycle management, endpoint security, and IT service management solutions for desktops, servers, and mobile devices to enterprises worldwide and is based in South Jordan, Utah.   

10/2/2014 Latham Pool Products, Inc. acquired Pool Cover Specialist National, Inc. for an undisclosed amount. Pool Cover Specialist designs and manufactures automatic swimming pool covers and is based in West Jordan, Utah.  

10/3/2014 Deer Valley Resort Company LP entered into an agreement to acquire Solitude Ski Corporation for an undisclosed amount. Deer Valley Resort Company operates as a ski resort and is based in Park City, Utah. Solitude Ski Corporation operates a family ski resort and is based in Solitude, Utah. 

10/7/2014 Rail Service & Logistics, LLC acquired the Rail Tie Solutions assets from Savage Transportation Management, Inc. Rail Tie Solutions comprises a wood crosstie removal and disposal solution designed for both railroads and rail-served industries and is based in Midvale, Utah.   

10/19/2014 Tesoro Logistics LP (NYSE:TLLP) signed a definitive agreement to acquire QEP Field Services Company from QEP Resources, Inc. (NYSE:QEP)for $2.5 billion. QEP Field Services provides natural gas gathering, processing, treating, and transportation services and is based in Salt Lake City, Utah. Latham & Watkins LLP and Wachtell, Lipton, Rosen & Katz served as legal advisors to QEP Resources.  

10/20/2014 Worthington Industries, Inc. (NYSE:WOR) acquired a majority stake in Dhybrid Systems, LLC for $12.0 million. Dhybrid Systems manufactures hybrid fuel systems for heavy duty vehicles and is based in Salt Lake City, Utah.    

Private Placements 

10/17/2014 Aviacode Incorporated announced that it will receive $5.0 million in funding. Aviacode provides cloud-delivered medical coding software for healthcare providers and is based in Salt Lake City, Utah.

10/22/2014 Steton Technology Group, Inc. announced that it has received equity funding from new investor Access Holdings Management Company LLC. Steton Technology Group provides financial performance solutions to businesses and is based in St. George, Utah. 

10/23/2014 Boart Longyear Limited (ASX:BLY) announced that it has signed an agreement to raise $5.6 million in funding from existing investor Centerbridge Partners, L.P. Boart Longyear provides drilling services, drilling equipment, and performance tooling for mining and mineral drilling companies worldwide and is based in South Jordan, Utah.

10/23/2014 TaskEasy, Inc. announced that it has received $7.0 million in its series A round of funding led by new investors Grotech Ventures and Access Venture Partners. TaskEasy is a Software-as-a-Service platform that allows contractors and property owners to buy or sell contractor services and is based in Salt Lake City, Utah.    

For submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.