Columbia West Capital News - Southwest Deal Intelligence
11.16.17 Utah Deal Intelligence - October 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  

10/2/2017 Eide Bailly LLP acquired Spring2 Technologies. The terms of the transaction were not disclosed. Spring2 Technologies operates as a technology consulting and systems integration company and is based in Sandy.

10/2/2017 Merit Medical Systems, Inc. (NasdaqGS:MMSI) acquired ITL Healthcare Pty Ltd for $11.3 million. Merit Medical Systems designs, develops, manufactures, and markets medical products for interventional and diagnostic procedures and is based in South Jordan.

10/2/2017 Dynatronics Corporation acquired substantially all of the assets of Bird & Cronin, Inc. The terms of the transaction were not disclosed. Based in Salt Lake City, Dynatronics is a manufacturer and distributor of advanced-technology therapeutic devices, medical and athletic training treatment tables, rehabilitation equipment, institutional cabinetry, orthopedic soft goods, and specialty patient care products and supplies. Durham, Jones & Pinegar, P.C. served as legal advisor to Dynatronics.    

10/3/2017 Express Locations, LLC sold 144 of its T-Mobile retail stores in 10 western states to Wireless Vision, LLC. The terms of the transaction were not disclosed. Express Locations is the second largest U.S. T-Mobile retail partner/dealer and a T-Mobile Premium Retailer. Wireless Vision is T-Mobile's largest retail partner. The transaction created the largest U.S. T-Mobile retail partner/dealer with more than 350 T-Mobile-branded retail stores in 26 states. Durham, Jones & Pinegar, P.C. served as legal advisor to Express Locations.

10/3/2017 Visible Supply Chain Management, LLC acquired IntegraCore, LLC. The terms of the transaction were not disclosed. Visible Supply Chain Management provides customized end-to-end supply chain management solutions to business to business (B2B) and business to customer (B2C) organizations and is based in Salt Lake City. IntegraCore provides supply chain management, fulfillment, and logistics services and is based in West Jordan.

10/3/2017 MBE Worldwide acquired AlphaGraphics, Inc. for $59.8 million. AlphaGraphics is a marketing communications firm that provides a range of print, visual communications, and marketing products and solutions and is based in Salt Lake City.

10/4/2017 Live Nation Entertainment, Inc. (NYSE:LYV) acquired United Concerts, Inc. The terms of the transaction were not disclosed. United Concerts organizes concerts and live musical events and is based in Salt Lake City.

10/10/2017 Solium Capital Inc. (TSX:SUM) acquired Capshare LLC. The terms of the transaction were not disclosed. Capshare provides an online software platform for managing, storing, and analyzing cap table information and is based in Sandy.

10/30/2017 Telarus Inc. agreed to acquire CarrierSales.com LLC. The terms of the transaction were not disclosed. Telarus operates as a telecom master agent and patent holder of real-time carrier quotes in the United States and is based in Sandy. CarrierSales provides telecom and IT support business services to small and large enterprises and is based in Draper.

Private Placements

10/2/2017 Z-Medica Corporation announced that it has received a round of funding from new investor Linden LLC, existing investor DW Healthcare Partners, and management of the company. DW Healthcare Partners is a private equity and venture capital firm based in Park City. Kirkland & Ellis LLP and Paul Hastings LLP served as legal advisors to Linden LLC and DW Healthcare Partners.

10/3/2017 Evernym, Inc. announced that it has received funding from new investor Outlier Ventures Ltd. The terms of the transaction were not disclosed. Evernym builds and operates Sovrin, an attribute-based open source global identity network for self-sovereign identity and is based in Herriman.                 

10/4/2017 GCommerce, Inc. announced that it has received funding from new investor Decathlon Capital Partners. The terms of the transaction were not disclosed. Decathlon Capital Partners is a private equity firm based in Park City.    

10/5/2017 Noke, Inc. announced that it has received funding from new investor Hardware Club. The terms of the transaction were not disclosed. Noke manufactures smart padlocks and U-shaped electronic devices that connect with users' bluetooth enabled smartphones for easy access and is based in South Jordan.    

10/6/2017 PEEL Therapeutics, Inc. announced that it will receive $7.5 million in a round of funding. As of October 19, 2017, the company has received $5.6 million from 42 investors in its first tranche. PEEL Therapeutics researches, develops, and produces cancer-fighting therapeutics using proteins found in elephants and is based in Salt Lake City.    

10/11/2017 Acme Intergalactic, LLC, doing business as Blip, announced that it has received funding from new investor Young Electric Sign Company Inc. The terms of the transaction were not disclosed. Blip owns and operates a platform for purchasing and managing digital out of home advertising campaigns and is based in Provo. Young Electric Sign Company designs, manufactures, installs, and maintains custom signs, lighting, and electronic display systems for businesses of various types and sizes and is based in Salt Lake City.

10/18/2017 Solidcore Holdings, LLC announced that it has received funding from new investor Peterson Partners LP. Peterson Partners is a private equity firm based in Salt Lake City. Jones Day served as legal advisor to Peterson Partners.  

10/24/2017 Tremus, Inc. announced a private placement of gross proceeds of $12.0 million. The transaction is led by returning investor Accel Partners and will include participation from returning investors Aspect Ventures and Pelion Venture Partners, and others. Pelion is a venture capital firm based in Salt Lake City.