Columbia West Capital News - Southwest Deal Intelligence
01.18.18 Utah Deal Intelligence - December 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  

12/1/2017 Schuff Steel Company acquired the business assets of Mountain States Steel, Inc. The terms of the transaction were not disclosed. Mountain States Steel fabricates, supplies, and installs custom fabricated structural steel products and is based in Lindon. Durham Jones & Pinegar, P.C. served as legal advisor to Mountain States Steel.    

12/1/2017  Four Food Group Holdings, LLC acquired Swig Holdings, LLC. The terms of the transaction were not disclosed. Four Food Groups owns, operates, and manages a chain of casual restaurants in the United States and is based in American Fork. Swig manufactures specialty soda products and is based in St. George.    

12/1/2017 Simplus acquired CRM Manager, LLC. The terms of the transaction were not disclosed. In a related deal, Simplus investor EPIC Ventures led a financing round totaling $17.8 million, a portion of which was used to acquire CRM Manager. Simplus provides SaaS products and other support services and is based in Sandy.    

12/4/2017 Nellson Nutraceutical, LLC acquired Genysis Brand Solutions Inc. The terms of the transaction were not disclosed. Genysis Brand Solutions engages in the formulation, blending, packaging, and cGMP testing of powdered nutritional supplements and is based in Salt Lake City.    

12/6/2017 Listen Technologies Corporation acquired Audio Everywhere brand and products. The terms of the transaction were not disclosed. Listen Technologies engages in the development, manufacture, marketing, and sale of personal communication/wireless audio products for assistive listening, tour groups, language interpretation, sound field, and conferencing applications and is based in Bluffdale.    

12/6/2017 Epic Brewing Company, LLC acquired Telegraph Brewing Co., Inc. The terms of the transaction were not disclosed. Epic Brewing Company is  based in Salt Lake City.    

12/6/2017 TravelPass Group acquired Vacation Travel Match, LLC. The terms of the transaction were not disclosed. Vacation Travel Match will become part of the TravelPass Group family of travel-related brands. Travel Pass operates an online marketplace connecting travel-related companies with travelers and is based in Lehi. Vacation Travel Match owns and operates a travel planning website and is based in Smithfield.    

12/7/2017 GlobalTranz Enterprises, Inc. acquired APEX Logistics Group. The terms of the transaction were not disclosed. APEX Logistics provides logistics services including truckload shipping, temperature-controlled transportation, and warehouse management services and is based in American Fork.    

12/8/2017 DSI Underground Systems Inc. agreed to acquire Heintzmann Australia Pty Ltd. The terms of the transaction were not disclosed. DSI Underground designs, develops, produces, supplies, and installs underground products and systems for mining and tunneling industries worldwide and is based in West Jordan.    

12/12/2017 Haynie & Co. acquired assets of Pritchett, Siler & Hardy P.C. The terms of the transaction were not disclosed. Haynie & Co. is an accounting and consulting firm based in Salt Lake City.    

12/13/2017 Inside Real Estate acquired Broker Sumo, Inc. The terms of the transaction were not disclosed. Inside Real Estate provides online real estate marketing services to agents, buyers, and sellers and is based in Salt Lake City.  

12/22/2017 Control4 Corporation acquired operating assets of Ihiji Inc. The terms of the transaction were not disclosed. Control4 provides smart home and business solutions in the US and internationally and is based in Salt Lake City.  

M&A - Financial

12/19/2017  Tower Arch Capital acquired a stake in KNS International, LLC in a recapitalization transaction. KNS International is a footwear retailer based in Draper. Tower Arch Capital is a private equity firm based in Draper.  

Private Placements  

12/5/2017 Wobbl3 Entertainment announced that it has received funding from new investor Black Dog Venture Partners equivalent to a 10% stake. The terms of the transaction were not disclosed. Wobbl3 Entertainment is a video game developer based in Salt Lake City.    

12/6/2017 Investview, Inc. announced that is has entered into an equity distribution agreement with YA II PN, LTD., a fund managed by Yorkville Advisors Global LP. The terms of the transaction were not disclosed. Investview provides financial education and is based in Salt Lake City.    

12/11/2017 AFE Inc. announced it will raise $55.0 million from existing investor PCE Paragon Solutions KFT. AFE operates as a subsidiary of PCE Paragon Solutions and is based in Highland.    

12/12/2017 OPTConnect, LLC announced it will receive funding from new investor Graham Partners. The terms of the transaction were not disclosed. OPTConnect provides wireless connectivity solutions and products for ATMs in the US and is based in Kaysville.

12/13/2017 DivvyPay, Inc. announced that it has received $7.0 million in its seed round of funding. DivvyPay will use the proceeds to launch real time mobile expense platform and to continue growing its development team, expand its sales department, and hire for its customer support team. DivvyPay operates a payment and business budgeting platform and is based in Lehi.    

12/13/2017 PRE Brands LLC announced that it has received a new round of funding, which will include participation 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.    

12/14/2017 MobiChord, Inc. announced that it will receive $6.5 million in a round of funding led by two non-disclosed investors. MobiChord provides telecom service management software and is based in Salt Lake City.    

12/20/2017 Nikola Motor Company announced that it has received $10.0 million in a round of funding led by new investor WABCO Holdings Inc. As part of the transaction WABCO Holdings acquired a 1% stake in the company. Nikola Motor manufactures and markets vehicles, including electric cars, trucks, and is based in Salt Lake City.

12/21/2017 SoClean Inc. announced that it has received funding from new investor DW Healthcare Partners. The terms of the transaction were not disclosed. SoClean develops and manufactures cleaning equipment and is based in Oxford, MA. DW Healthcare Partners is a private equity and venture capital firm based in Park City.    

12/21/2017 t0 Technologies, LLC announced that it will receive $250.0 million from a number of investors. t0 Technologies operates a blockchain trading platform and is based in Midvale.    

12/22/2017 t0 Technologies, LLC agreed to acquire a 24% stake in StockCross Financial Services, Inc. for $12.0 million. Upon closing, the shareholders of StockCross have agreed to reinvest $3.0 million into StockCross for forward strategic investments. t0 Technologies operates a blockchain trading platform and is based in Midvale.  

12/28/2017 Extra Space Storage LP announced that it will receive $5.6 million in a round of funding. Extra Space Storage manages, develops, sells, and rents self-storage facilities and is based in Salt Lake City.