Columbia West Capital News - Southwest Deal Intelligence
03.23.17 Utah Deal Intelligence - February 2017


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  

2/1/2017 Savage Industries, Inc. acquired Sunpro, Inc. The terms were not disclosed. Savage Industries provides supply chain solutions to businesses and is based in Midvale.    

2/1/2017 Career Step, LLC acquired the Revenue Capture and Coding and Documentation Divisions from Panacea Healthcare Solutions, Inc. The terms were not disclosed. Career Step is an online provider of career-focused education and corporate training for job opportunities in healthcare, administrative services, and technology and is based in Provo.

2/2/2017 GMS Inc. (NYSE:GMS) acquired Hawaiian Distribution Assets from Grabber Construction Products, Inc. The terms were not disclosed. Grabber Construction manufactures and distributes fasteners and fastening systems for wood, metal, and drywall applications in commercial and residential construction markets and is based in Highland.    

2/2/2017 AlphaGraphics, Inc. acquired AlphaGraphics Midtown franchise. The terms were not disclosed. AlphaGraphics is a marketing communications firm with a range of print, visual communications, and marketing products and solutions and is based in Salt Lake City.

2/6/2017 MPS Limited (BSE:532440) agreed to acquire THINK Subscription, Inc. The terms were not disclosed. THINK Subscription provides subscription management and fulfillment software to publishers, online service providers, and new media vendors and is based in Provo.    

2/6/2017 Merit Medical Systems, Inc. (NasdaqGS:MMSI) acquired the Critical Care business from Argon Medical Devices, Inc. The terms were not disclosed. Merit Medical Systems designs, develops, manufactures, and markets medical products for interventional and diagnostic procedures and is based in South Jordan.    

2/6/2017 Overstock.com, Inc. (NasdaqGM:OSTK) acquired an unknown stake in Fusion Analytics Research Partners LLC. The terms were not disclosed. Overstock.com operates as an online retailer and is based in Midvale.    

2/15/2017 The William L. Bonnell Company, Inc. acquired Futura Industries Corporation for $92.0 million. Futura Industries Corporation manufactures and distributes aluminum extrusions and is based in Clearfield. Holland & Hart LLP served as legal advisor to Futura Industries.    

2/21/2017 Sumitomo Forestry America Inc. acquired a 70% stake in EDGE Homes at a price determined in accordance with a transfer pricing mechanism. EDGE provides homebuilding services and is based in Orem.    

2/22/2017 Sekisui House, Ltd. (TSE:1928) agreed to acquire Woodside Homes, Inc. The terms were not disclosed. Woodside Homes provides homebuilding services and is based in North Salt Lake.    

2/24/2017 The AES Corporation (NYSE:AES), Alberta Investment Management Corporation (AIMCo) and others signed a definitive agreement to acquire Sustainable Power Group, LLC for $1.6 billion. Sustainable Power Group develops, owns, and operates utility and distributed electrical generation systems and is based in Salt Lake City.    

2/27/2017 Premier Needle Arts Inc. acquired Crafts Americana Group, Inc. The terms were not disclosed. Premier Needle Arts manufactures and supplies sewing, quilting, knitting, and fiber art products to quilting stores, sewing retailers, quilting distributors, and dealers and is based in North Salt Lake.    

2/28/2017 Control4 Corporation (NasdaqGS:CTRL) acquired Triad Speakers, Inc. for $9.6 million. Control4 provides smart home and business solutions for the connected home or business and is based in Salt Lake City.  

2/28/2017 TruClinic LLC acquired Overl.ai, Inc. The terms were not disclosed. TruClinic develops a telemedicine solution that enables providers, patients, and health systems to connect face-to-face through a web-based video-conferencing port and is based in Salt Lake City.  

M&A - Financial

2/1/2017 Huntsman Family Investments, LLC entered into a definitive agreement to acquire TeleGuam Holdings, LLC. The terms were not disclosed. Huntsman Family Investments is a principal investment firm based in Salt Lake City. Latham & Watkins LLP is serving as legal advisor to Huntsman.  

Private Placements  

2/10/2017 Global Uprising, PBC announced that it will receive $11.0 million in equity funding. As of 2/23/2017, the company announced that it has received $10.3 million it its first tranche from six investors. Global Uprising, doing business as Cotopaxi, designs, manufactures, and sells outdoor products and is based in Salt Lake City.