Columbia West Capital News - Southwest Deal Intelligence
10.27.15 Utah Deal Intelligence - September 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

9/1/2015 GetWellNetwork, Inc. acquired Skylight Healthcare Systems, Inc. from Pelion Venture Partners and other shareholders. The terms of the transaction were not disclosed. Pelion Venture is a venture capital firm based in Salt Lake City, Utah.    

9/2/2015 American Covers Inc. acquired California Scents, Inc. The terms of the transaction were not disclosed. American Covers, dba Handstands, manufactures and markets auto air care and technology accessory products for global consumers and is based in Draper, Utah.    

9/9/2015 Finicity Corporation acquired Aurora Financial Systems, Inc. The terms of the transaction were not disclosed. Finicity Corporation provides a cloud-based platform which enables software developers to integrate customer financial data into their applications and is based in Murray, Utah. Michael Best & Friedrich, LLP served as legal advisor to Finicity.    

9/10/2015 NonProfitEasy, Inc. acquired Fundly Inc. from Peterson Partners. The terms of the transaction were not disclosed. Peterson Partners is a private equity firm based in Salt Lake City, Utah.    

9/14/2015 Tong Petrotech Inc. intends to acquire 96% stake in Cutters Wireline Service, Inc. from Lincolnshire Management, Inc. The enterprise value of Cutters is $95 million. Cutters provides cased-hole electric wireline services in the United States and is based in Vernal, Utah.    

9/22/2015 Progressive Finance Holdings, LLC entered into an agreement to acquire Dent-A-Med, Inc. from Harbert Private Equity for approximately $99.0 million in cash. Progressive Finance provides no credit needed lease purchase options for retail stores and merchants in the United States and is based in Draper, Utah.    

9/29/2015 Azur Global acquired Sybrant Technology Inc. from Signal Peak Ventures. The terms of the transaction were not disclosed. Signal Peak is a private equity and venture capital firm based in Salt Lake, Utah.    

Private Placements  

9/21/2015 Movement Ventures, Inc. announced that it will raise $5.5 million in a round of funding from 13 different investors. Movement Ventures develops Internet-based interactive content tools for publishers and marketers and is headquartered in Lehi, Utah.    

9/28/2015 Unifi Software, Inc. announced that it has received $10.0 million in Series A round of funding led by new investor Pelion Venture Partners. Pelion Venture is a venture capital firm based in Salt Lake City, Utah.     

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