Columbia West Capital News - Southwest Deal Intelligence
08.23.17 Utah Deal Intelligence - July 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  

7/5/2017 Ivanti acquired Real Enterprise Solutions Nederland B.V. The terms of the transaction were not disclosed. Ivanti provides IT systems management, security management, service management, asset management, and process management solutions to organizations worldwide and is based in South Jordan.    

7/11/2017 Four Foods Group Holdings, LLC acquired a majority stake in Mo'Bettahs. The terms of the transaction were not disclosed. Four Foods Group Holdings owns, operates, and manages a chain of fast casual restaurants in the United States and is based in American Fork. K. Mack Bros., LLC, doing business as Mo' Bettahs, operates a six-unit restaurant chain and is based in Bountiful.    

7/11/2017 Franklin Covey Co. (NYSE:FC) acquired Jhana Education Inc. for $10.7 million. Franklin Covey provides training and consulting services in the areas of leadership, productivity, strategic execution, trust, sales force performance, customer loyalty, and communication effectiveness skills worldwide and is based in Salt Lake City.    

7/17/2017 Frontline Technologies Group LLC acquired School Improvement Network, LLC. The terms of the transaction were not disclosed. School Improvement Network provides professional development products and services for schools, districts, and educators and is based in Midvale.    

7/18/2017 Academy Mortgage Corporation acquired First Mortgage Company, L.L.C. The terms of the transaction were not disclosed. Academy Mortgage operates as a retail mortgage banking company and is based in Draper.    

7/26/2017 People's Intermountain Bank agreed to acquire seven branches and $260.0 million in loans from Banner Bank. The terms of the transaction were not disclosed. People's Intermountain Bank offers personal and business banking services and is based in American Fork. Dorsey & Whitney LLP served as legal advisor to People's Intermountain Bank.    

7/27/2017 Broadway Across America agreed to acquire the Broadway Presenting business of MagicSpace Entertainment, Inc. The terms of the transaction were not disclosed. MagicSpace Entertainment's Broadway Presenting business comprises touring broadway services. MagicSpace Entertainment produces and presents national tours, Broadway shows, and concerts and is based in Salt Lake City.    

M&A - Financial  

7/13/2017 Inverness Graham Investments acquired MC2 Consulting Services, Inc. The terms of the transaction were not disclosed. MC2 Consulting Services, doing business as SwipeClock, LLC, provides timekeeping solutions to the payroll industry and is based in South Jordan.    

7/20/2017 Ridgemont Equity Partners acquired HemaSource Intermediate Holdings, LLC. The terms of the transaction were not disclosed. HemaSource distributes medical disposable products and capital items used in the blood therapies markets and is based in West Jordan.

7/27/2017 Montagu Private Equity LLP agreed to acquire Offsite Archive Storage and Integrated Services Holdings Limited from Peterson Partners LP and others. The terms of the transaction were not disclosed. Peterson Partners is a private equity firm based in Salt Lake City.    

7/27/2017 Verisk Analytics, Inc. (NasdaqGS:VRSK) agreed to acquire G2 Web Services, LLC for $112.0 million. G2 Web Services provides customized solutions to protect client's brand on the Internet and is based in Salt Lake City.  

7/27/2017 Efficient Forms, LLC announced that it has received an equity recapitalization round of funding. The transaction includes participation from new investor AltaLink Capital for a majority stake investment. AltaLink Capital is a private equity firm based in Provo.

Private Placements  

7/11/2017 HyTrust, Inc. announced that it has received $36.0 million in its Series E round of funding led by new investor Advance Venture Partners and including participation from existing investor EPIC Ventures and others. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.    

7/26/2017 APiO, Inc. announced that it has received a round of funding. The terms of the transaction were not disclosed. APiO leverages direct integration, AI, and machine learning to create a working capital solution for small- to medium-sized businesses and is based in Sandy.  

7/31/2017 HemaSource, Inc. announced that it has received $11.0 million in a round of funding from Triangle Capital Corporation (NYSE:TCAP) in conjunction with its acquisition by Ridgemont Equity Partners. HemaSource distributes medical disposable products and capital items used in the blood therapies markets and is based in West Jordan.