Columbia West Capital News - Southwest Deal Intelligence
12.20.16 Utah Deal Intelligence - November 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  

11/10/2016 GeneInsight LLC acquired UNIConnect LC. The terms of the transaction were not disclosed. UNIConnect provides workflow systems to support a range of laboratory operations and is based in Sandy.    

11/10/2016 Inside Real Estate acquired Kunversion, LLC. The terms of the transaction were not disclosed. Inside Real Estate provides an online community platform that allows agents, home buyers, and sellers to market their businesses, inventory, and themselves through a suite of marketing tools and is based in Salt Lake City.    

11/15/2016 Boston Scientific Corporation (NYSE:BSX) acquired the gynecology and urology portfolio from Distal Access, LLC. The terms of the transaction were not disclosed. Distal Access designs and develops medical devices and is based in Salt Lake City. The gynecology and urology portfolio of Distal Access comprises surgical instruments.    

11/15/2016 TDS Broadband Service LLC agreed to acquire InterLinx Communications LLC. The terms of the transaction were not disclosed. InterLinx Communications provides telecommunication services for business and household customers and is based in St. George.    

11/18/2016 Madico, Inc. agreed to acquire select assets of ClearPlex Corporation. The terms of the transaction were not disclosed. ClearPlex manufactures and distributes invisible protection films and screen protectors for windshields and electronics worldwide and is based in Sandy.    

11/19/2016 Magellan Pharmacy Services, Inc. and Magellan Healthcare, Inc. entered into a purchase agreement to acquire Veridicus Holdings, LLC and Granite Alliance Insurance Company from Veridicus Health LLC for $74.5 million. Veridicus Holdings provides health insurance services to its members including patients and plan sponsors. Granite Alliance Insurance Company owns and operates pharmacy stores. Veridicus Health provides pharmacy solutions and is based Salt Lake City.  

11/20/2016 Boral Industries, Inc. agreed to acquire Headwaters Incorporated (NYSE:HW) for $2.6 billion. Headwaters is a building materials company that provides products and services to building and construction materials sectors and is based in South Jordan. Pillsbury Winthrop Shaw Pittman LLP served as legal advisor to Headwaters.  

Private Placements  

11/3/2016 Owlet Baby Care announced that it has received $13.5 million in a round of funding that included participation from new investors Amazon Alexa Fund, a fund managed by Amazon.com Inc., Broadway Angels, and other investors. Owlet Baby Care develops and manufactures Owlet Smart Sock, a monitor that tracks babies breathing and heart rate, and is based in Lehi.

11/9/2016 eFileCabinet, Inc. announced that it will receive $8.7 million in funding. As of November 17, 2016, the company received $5.9 million in the first tranche from two investors. eFileCabinet provides document management software and file-sharing products and services for small-to-medium businesses and departments of large companies and is based in Lehi.

11/14/2016 Extra Space Storage LP announced that it has received $5.8 million in funding from four investors. Extra Space Storage manages, develops, sells, and rents self-storage facilities and is based in Salt Lake City.    

11/29/2016 Corbett Technology Solutions, Inc. announced that it has received funding in a recapitalization round that included participation from Tower Arch Capital and the company's management. The terms of the transaction were not disclosed. Tower Arch Capital is a private equity firm based in Draper.     

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