Columbia West Capital News - Southwest Deal Intelligence
09.22.15 Utah Deal Intelligence - August 2015


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  

8/1/2015 The Buckner Company, Inc. acquired the assets of Keller-Lowry Insurance Inc. The terms of the transaction were not disclosed. The Buckner Company operates as an insurance brokerage company and is based in Salt Lake City, Utah.      

8/3/2015 BC Technical, Inc. acquired Ohio Valley Medical Systems. The terms of the transaction were not disclosed. BC Technical supplies molecular imaging solutions and is based in West Jordan, Utah.      

8/18/2015 Mitime Investment & Development Group acquired Miller Motorsports Park, Utah, LLC for $20.0 million. Miller Motorsports offers road racing facilities for automobiles, motorcycles and karts, and is based in Tooele, Utah.      

8/26/2015 Medici, Inc. acquired Cirrus Technologies LLC from Joseph Cammarata for $28.9 million. Medici develops cryptographically-protected and distributed ledgers and is based in Salt Lake City, Utah.      

8/26/2015 Tufts Associated Health Plans, Inc. agreed to acquire Integra Partners Holdings, LLC from Peterson Partners LP. The terms of the transaction were not disclosed. Peterson Partners is a private equity firm based in Salt Lake City, Utah.      

8/31/2015 LANDESK Software, Inc. acquired Xtraction Solutions Pty Ltd. The terms of the transaction were not disclosed. LANDESK provides information technology management software solutions worldwide and is based in South Jordan, Utah. Kirkland & Ellis LLP and Gilbert + Tobin served as legal advisors to LANDESK.    

M&A - Financial  

8/6/2015 Marlin Equity Partners agreed to acquire ADP AdvancedMD, Inc. from Automatic Data Processing, Inc. (NasdaqGS:ADP). The terms of the transaction were not disclosed. ADP AdvancedMD provides cloud-based practice management, electronic health record and medical scheduling software for medical practices and billing companies in the United States, and is based in South Jordan, Utah.      

8/21/2015 AMERRA Capital Management LLC sponsored the management buyout of Norbest, LLC. The terms of the transaction were not disclosed. Norbest produces and markets turkey meat products in the United States and is based in Moroni, Utah.      

8/28/2015 Thoma Bravo, LLC entered into an agreement to acquire majority stake in DigiCert, Inc. from TA Associates. The terms of the transaction were not disclosed. DigiCert provides SSL certificates and SSL management tools for small and large companies in various industries and is based in Lehi, Utah. Goodwin Procter LLP is serving as legal advisor to DigiCert.      

Private Placements  

8/5/2015 Workfront, Inc. announced that it has received $33.0 million in a round of funding led by existing investor JMI Equity. Workfront provides cloud-based enterprise work management solutions that help marketing, IT and other enterprise teams, and is based in Lehi, Utah.      

8/11/2015 Cenx, Inc. announced that it has received $12.5 million in a round of equity funding with participation from existing investor Cross Creek Advisors among others. Cross Creek Advisors is a venture capital firm based in Salt Lake City, Utah.      

8/13/2015 Aviacode Incorporated announced that it will receive $16.0 million in a round of funding led by Frontier Capital, LLC. Aviacode provides cloud-delivered medical coding software for healthcare providers and is based in Salt Lake City, Utah.      

8/18/2015 Owlet Baby Care LLC announced that it has received $6.0 million in a round of funding from Peak Ventures and other investors. Peak Ventures is a venture capital firm based in Provo, Utah. Owlet Baby Care manufactures healthcare products which monitor heart rate, oxygen levels and skin temperature for babies, and is based in Salt Lake City, Utah.      

8/25/2015 Able Lending LLC announced that it has received $6.0 million in a round of funding from Peterson Ventures, LLC and other investors. Peterson Ventures is a venture capital firm based in Salt Lake City, Utah.       

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