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

9/1/2016 ALA Services LLC acquired Adaptive Computing Enterprises, Inc. from EPIC Ventures and In-Q-Tel, Inc. The terms of the transaction were not disclosed. Adaptive Computing provides workload and resource management software and services for data center, cloud, and high-performance computing environments and is based in Provo. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.    

9/1/2016 Vista Outdoor Inc. (NYSE:VSTO) acquired Camp Chef, Inc. for $74.0 million. Vista Outdoor designs, manufactures, and markets consumer products for the outdoor sports and recreation markets worldwide and is based in Farmington. Camp Chef manufactures outdoor cooking instruments and is based in Hyde Park.    

9/6/2016 3M Health Information Systems, Inc. acquired Semfinder AG. The terms of the transaction were not disclosed. 3M Health provides healthcare software and consulting services to help organizations in improving documentation, quality, and financial performance and is based in Salt Lake City.    

9/6/2016 International Document Services, Inc. acquired Encomia, LLC. The terms of the transaction were not disclosed. International Document Services offers mortgage closing document preparation software and services and is based in Draper.    

9/7/2016 Watco Supply Chain Services, L.L.C. acquired BCM Logistics, LLC. The terms of the transaction were not disclosed. BCM provides door-to-door intermodal service and is based in Clearfield.    

9/19/2016 StorageCraft Technology Corporation acquired Gillware Online Backup from Gillware Data Services, LLC. The terms of the transaction were not disclosed. StorageCraft develops and provides disk-based backup, disaster recovery, system migration, data protection, and security solutions for servers, desktops, and laptops and is based in Draper.

9/21/2016 Praxair Inc. (NYSE:PX) acquired a 300-ton-per-day carbon dioxide purification and liquefaction plant from PureCO2, LP. The terms of the transaction were not disclosed. PureCO2 produces and delivers bulk liquid carbon dioxide and is based in Price.

9/26/2016 Motorola Solutions, Inc. (NYSE:MSI) agreed to acquire Spillman Technologies, Inc. The terms of the transaction were not disclosed. Spillman  provides law enforcement and public safety software to agencies and public safety professionals and is based in Salt Lake City.    

9/30/2016 Simplus acquired BaldPeak Consulting, Inc. Simplus funded the transaction from a $7.3 million Series A funding round led by Epic Ventures with participation from Salesforce Ventures and others. Simplus provides software as a service (SaaS) products and support services that streamline and simplify global enterprise work management processes and is based in Sandy. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.  

Private Placements  

9/8/2016 IDbyDNA Inc. announced that it has received $9.0 million in its Series A round of funding led by new investor ARTIS Ventures and other private investors. The transaction also involved participation from ARUP Laboratories, a clinical and anatomic pathology reference laboratory based in Salt Lake City.    

9/8/2016 Wasatch Advisors Inc. acquired an unknown minority stake in Peregrine Holdings Ltd. (JSE:PGR). The terms of the transaction were not disclosed. Wasatch is an employee owned investment firm based in Salt Lake City.    

9/12/2016 Sarcos Corp. announced that it has received $10.6 million in a round of funding from nine investors, including Caterpillar Ventures, GE Ventures and Microsoft Corporation. Sarcos is a Salt Lake City-based robotics and sensor company that designs, builds, and produces dexterous, tele-operated robotic systems for use in unpredictable and unstructured environments.    

9/14/2016 Recursion Pharmaceuticals, LLC announced that it has received $12.9 million in a Series A round of funding led by new investor Lux Capital Management and including participation from EPIC Ventures and other investors. Recursion researches, discovers, and develops pharmaceuticals that focus on a molecular target related to rare genetic diseases and is based in Salt Lake City. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.    

9/14/2016 Lucid Software Inc. announced that it has received $36.0 million in its Series B round of funding led by new investor Spectrum Equity Management, L.P. and including participation from Kickstart Seed Fund and Grayhawk Capital, LLC. Lucid Software develops cloud-based tools to build visual content on the Web and is based in Draper. Kickstart is a venture capital firm based in South Jordan.    

9/19/2016 LSK BioPartners, Inc. announced a private placement of $5.0 million. The transaction included participation from existing investor HLB Life Science Co., Ltd. LSK BioPartners engages in the development of healthcare products and provision of product development services to pharmaceutical companies in the United States and internationally and is based in Salt Lake City.    

9/22/2016 Strata announced that it has received a round of funding from new investor Lanstead Partners Limited. The terms of the transaction were not disclosed. Strata develops and provides 3D and packaging design software products to customers worldwide and is based in Santa Clara.    

9/22/2016 Impartner Software, Inc. announced that it has received $8.0 million in funding from new investors SVB Capital and ORIX Growth Capital. Impartner Software develops and provides SaaS-based partner relationship management (PRM) and marketing automation platform (MAP) solutions and is based in South Jordan.  

9/30/2016 Savant Capital, LLC announced that it has received $50.0 million in its equity round of funding from The Cynosure Group and other investors. The Cynosure Group is a private equity firm based in Salt Lake City.     

For submissions, please email David Lawless at dlawless@columbiawestcap.com.