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

11/1/2017 GrowthZone, Inc. acquired Builder Fusion, Inc. The terms of the transaction were not disclosed. Builder Fusion provides technology solutions to home builders associations and building industry associations and is based in Orem.

11/1/2017 Becker Logistics, Inc. acquired Savage Logistics, LLC from Savage Industries, Inc. The terms of the transaction were not disclosed. The services will now be provided under the Becker Logistics name. Savage Industries provides supply chain solutions to businesses around the world and is based in Midvale.

11/1/2017 POPin Video Banking, Inc. acquired BankOn Mobile Video. The terms of the transaction were not disclosed. BankOn Mobile will merge into POPin Video. POPin Video Banking provides a SaaS-based mobile video banking platform and mobile application for credit unions, banks, and other financial service providers and is based in Sandy.

11/7/2017 US 3D Printing, Inc. has agreed to acquire Gulf & Orient Steamship Company, Ltd. The terms of the transaction were not disclosed. US 3D Printing develops 3D printing machines, 3D printing software applications, and 3D printing thermoplastic resin materials and is based in Salt Lake City. Gulf & Orient Steamship Company is based in Salt Lake City. Burningham & Burningham Attorneys At Law served as legal advisor to Gulf & Orient Steamship.

11/8/2017 Nikola Powersports acquired Free Form Factory, Inc. The terms of the transaction were not disclosed. Nikola Powersports operates as a subsidiary of Nikola Motor Company, which designs and manufactures electric components, drivetrains and vehicles and is based in Salt Lake City.

11/13/2017 Great Western Leasing & Sales, Inc. acquired Trinity Trailer Sales & Service, Inc. The terms of the transaction were not disclosed. Great Western Leasing & Sales operates as a flatbed trailer and construction trailer dealer in the United States and is based in Salt Lake City.

11/14/2017 Ansys, Inc. (NasdaqGS:ANSS) acquired 3DSIM, LLC. The terms of the transaction were not disclosed. 3DSIM develops powerful simulation software for metal additive manufacturing and is based in Park City. Durham Jones & Pinegar, P.C. served as legal advisor to 3DSIM.

11/15/2017 Badger Sportswear, Inc. acquired Garb Athletics. The terms of the transaction were not disclosed. Garb Athletics manufactures sports apparel and is based in Spanish Fork.

11/16/2017 Merit Medical Systems, Inc. (NasdaqGS:MMSI) agreed to acquire BD's soft tissue core needle biopsy product line and C. R. Bard's Aspira product line from Becton, Dickinson and Company (NYSE:BDX) for $100.0 million. Merit Medical Systems designs, develops, manufactures, and markets medical products for interventional and diagnostic procedures worldwide and is based in South Jordan.

11/17/2017 Alpha Source, Inc. acquired BC Technical, Inc. The terms of the transaction were not disclosed. BC Technical supplies molecular imaging solutions that include refurbished systems and parts and is based in West Jordan.

11/20/2017 Guardian Capital Group Limited (TSX:GCG.A) signed an agreement to acquire 70% stake in Alta Capital Management LLC for $55.0 million. Alta Capital Management is a privately owned investment management firm based in Salt Lake City.

11/20/2017 Dexter Axle Company, Inc. agreed to acquire Henderson Wheel & Trailer Supply Inc. The terms of the transaction were not disclosed. Henderson Wheel & Trailer Supply engages in the manufacture and distribution of commercial vehicle drive axles and is based in Salt Lake City.

11/22/2017 Instructure, Inc. (NYSE:INST) acquired Practice XYZ, Inc. for $28.0 million. Instructure provides a cloud-based learning management platform for academic institutions and companies and is based in Salt Lake City.

11/29/2017 NetVoyage Corporation acquired ThreadKM. The terms of the transaction were not disclosed. ThreadKM development team will join NetVoyage, led by Dan Hauck, who will become VP of User Experience at NetVoyage. NetVoyage, doing business as NetDocuments, provides cloud-based document and email management solutions and is based in Lehi.

11/29/2017 ClearCenter Corp. acquired Minebox IT Services GmbH. The terms of the transaction were not disclosed. Under the transaction, Minebox technology will be integrated with ClearOS and ClearCenter's Gateway Management security layer. ClearCenter develops ClearOS, a Linux-based open source operating system for managing cloud, server, network, and gateway layers, and is based in Salt Lake City.

Private Placements

11/2/2017 Hybridyne Power Systems announced that it will receive $12.0 million in funding. The company will issue common shares in the transaction. Hybridyne Power Systems designs, develops, and markets Proportional Reactive Optimizing PV Power Switch System (PROPPS) and is based in Orem.

11/9/2017 TaskEasy, Inc. announced that it will receive $21.3 million in funding. The company will issue common shares in the transaction. TaskEasy operates a Software-as-a-Service platform that provides property owners with access to contractors offering lawn mowing, snow removal and other property maintenance tasks and is based in Salt Lake City.

11/14/2017 Collective Medical Technologies, Inc. announced that it has received $47.5 million in its series A round of funding led by new investor Kleiner Perkins Caufield & Byers. Collective Medical Technologies designs and develops software for the health care industry and is based in Draper.    

11/14/2017 Poshmark Inc. announced that it has received a series D round of funding for gross proceeds of $87.5 million in a transaction led by new investor Temasek Capital Management Pte Ltd. The transaction included participation from Cross Creek Advisors. Cross Creek Advisors is a venture capital firm specializing in fund of funds and direct investments in the financial technology sector and is based in Salt Lake City.    

11/16/2017 PC Glenmary, LLC announced that it will receive $11.1 million in equity funding. PC Glenmary operates in the real estate sector and is based in Provo.    

11/16/2017 UpWell Holding, Inc. announced that it will receive $25.0 million in a round of funding. UpWell Holding operates an online social health community platform for supporting people with chronic health conditions and is based in South Jordan.  

11/28/2017 Mad Mobile Inc. announced that it has received funding from new investor Decathlon Capital Partners. Decathlon Capital Partners is a private equity firm based in Park City.