Columbia West Capital News - Southwest Deal Intelligence
02.22.16 Utah Deal Intelligence - January 2016


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  

1/4/2016 Haynie & Company acquired the assets of HJ & Associates, LLC. The terms of the transaction were not disclosed. Haynie & Company offers external auditing, accounting, and consulting services and is based in Salt Lake City. HJ & Associates is a full service tax, accounting, and business consulting firm based in Salt Lake City.    

1/4/2016 Career Step, LLC acquired Code3 CME, LLC. The terms of the transaction were not disclosed. Career Step is an online provider of career-focused education and corporate training and is based in Provo. Hogan Lovells LLP served as legal advisor to Career Step.    

1/7/2016 L9 Sports, LLC aka Level Nine Sports acquired Majorsales, LLC dba Bikewagon. The terms of the transaction were not disclosed. Level Nine Sports owns and operates ski and snowboard products stores and is based in Woods Cross. Bikewagon retails bikes, bike parts, and accessories and is based in North Salt Lake.    

1/8/2016 SurModics, Inc. (NasdaqGS:SRDX) acquired NorMedix LLC from Merit Medical Systems, Inc. (NasdaqGS:MMSI) and others for $14.0 million. Merit Medical Systems designs and manufactures medical devices for interventional and diagnostic procedures, and is based in South Jordan. Gray Plant Mooty Inc. served as legal advisor to Merit Medical Systems.    

1/11/2016 Imagine Learning, Inc. acquired Big Brainz, Inc. The terms of the transaction were not disclosed. Imagine Learning develops language and literacy learning software and is based in Provo. Big Brainz develops math software learning games and is based in Provo. 

1/14/2016 CallTower Inc. agreed to acquire SoundConnect, LLC. The terms of the transaction were not disclosed. CallTower provides cloud-based enterprise-class unified communications solutions to organizations worldwide and is based in South Jordan.    

1/19/2016 Xact Data Discovery acquired Orange Legal Technologies, LLC. The terms of the transaction were not disclosed. Orange Legal Technologies provides electronic discovery litigation, audit, and investigation support services and is based in Salt Lake City.    

1/27/2016 Pivot3 Inc. agreed to acquire NexGen Storage, Inc. from Fusion-io, Inc. The terms of the transaction were not disclosed. Fusion-io develops storage memory platforms and is based in Salt Lake City.    

1/29/2016 Control4 Corporation (NasdaqGS:CTRL) acquired Pakedge Device & Software Inc. for $32.7 million. Control4 provides home automation and control solutions and is based in Salt Lake City.    

1/29/2016 MAP Health Management, LLC acquired Cirque Lodge, Inc. The terms of the transaction were not disclosed. Cirque Lodge provides alcohol and drug rehabilitation services and is based in Sundance.  

1/31/2016 Dominion Resources, Inc. (NYSE:D) agreed to acquire Questar Corporation (NYSE:STR) for $4.4 billion. Questar operates an integrated natural gas company in the Mountain West and is based in Salt Lake City. Kirkland & Ellis LLP is serving as legal advisor to Questar.  

Private Placements  

1/12/2016 Action Target, Inc. announced that it has received $11.5 million in a recapitalization round of funding led by Praesidian Capital. Action Target designs, manufactures, and installs shooting range products and equipment and is based in Provo.    

1/13/2016 StorageCraft Technology Corporation announced that it will receive $187.0 million in equity funding from TA Associates Management, L.P. StorageCraft develops software and provides disk-based backup and recovery systems for data servers and is based in Draper. Holland & Hart LLP is serving as legal advisor to StorageCraft.    

1/19/2016 LeisureLink, Inc. announced that it has raised $17.0 million in equity funding from Clearstone Venture Partners, Kinderhook Industries, and new investor Escalate Capital Partners. LeisureLink provides sales, marketing, and distribution solutions to the vacation rental property management industry and is based in Salt Lake City.    

1/20/2016 TaskEasy, Inc. announced that it will receive $15.0 million in a round of funding. As of February 3, 2016, the company has received $8.27 million from 15 investors. TaskEasy operates a SaaS platform allowing contractors and property owners to buy or sell contractor services and is based in Salt Lake City.  

1/27/2016 Chatbooks Inc. announced that it has received $6.0 million from Utah-based investors BYU Cougar Capital, Deseret Digital Media Inc., Kickstart Seed Fund, Peterson Ventures, LLC, and Signal Peak Ventures. Chatbooks develops photo book albums via its mobile application and is based in Provo.