Columbia West Capital News - Southwest Deal Intelligence
02.21.18 Utah Deal Intelligence - January 2018


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  

1/2/2018 Clearent, LLC acquired SPOT Business Systems, LLC. The terms of the transaction were not disclosed. As part of the transaction, SPOT Business Systems will become part of a newly created subsidiary, Clearent Software Holdings. SPOT Business Systems develops software business tools for the dry cleaning industry and is based in Draper.    

1/4/2018 InTouch Technologies, Inc. agreed to acquire TruClinic LLC. The terms of the transaction were not disclosed. TruClinic, in partnership with Orca Health, develops telemedicine solutions and is based in Salt Lake City.    

1/8/2018 Eide Bailly LLP acquired Decipher Forensics. The terms of the transaction were not disclosed. As part of the transaction, Decipher Forensics staff will move to the Lehi office of Eide Bailly. Decipher Forensics provides digital forensic consulting services and is based in American Fork.    

1/11/2018 MC2 Consulting Services, Inc., dba SwipeClock LLC, acquired Shugo, LLC. The terms of the transaction were not disclosed. MC2 Consulting Services provides timekeeping and payroll solutions to employers and is based in South Jordan.    

1/18/2018 CalAtlantic Group, Inc. acquired Candlelight Homes, LLC. The terms of the transaction were not disclosed. As part of the acquisition, CalAtlantic has extended offers of employment to all employees of Candlelight Homes who were engaged in the company's homebuilding business. Candlelight Homes is a homebuilder based in South Jordan.

1/19/2018 Acushnet Holdings Corp. (NYSE:GOLF) acquired Links & Kings, LLC. The terms of the transaction were not disclosed. After the transaction, Links & Kings will continue to operate out of its headquarters in Alpine. Links & Kings designs and manufactures leather golf and lifestyle products. Durham Jones & Pinegar served as legal advisor to Acushnet Holdings.    

1/22/2018 Teamtronics, Inc. acquired HTS Vehicle Recognition Company. The terms of the transaction were not disclosed. Teamtronics manufactures computerized equipment for industrials and field automation and is based in Salt Lake City.  

1/24/2018 Sterno Products, LLC agreed to acquire Rimports Inc. from Jeffrey W. Palmer, Fidelity Charitable Gift Fund and other shareholders for $170.0 million. Rimports manufactures and distributes wickless candle products, including warmers, fragrance cubes, replacement bulbs and more and is based in Provo. Kirton & McConkie, PC served as legal advisor to Rimports.  

M&A - Financial

1/22/2018 Loyal Companies acquired LinkTrust Systems, Inc. The terms of the transaction were not disclosed. LinkTrust Systems develops and sells affiliate tracking and lead management software solutions and is based in Lehi.  

Private Placements  

1/1/2018 Executech received a round of funding from Evergreen Services Group, an affiliate of Alpine Investors VI, LP. Executech provides IT solutions to clients throughout the Intermountain West and is based in South Jordan. Durham Jones & Pinegar served as legal advisor to Executech.    

1/3/2018 BLKBOX announced that it will receive funding from new investor Decathlon Capital Partners. Decathlon Capital Partners is a private equity firm based in Park City.    

1/4/2018 An unknown buyer acquired a minority stake in Fire Protection Service Corporation from Seacoast Capital. Fire Protection Service Corporation designs and installs fire and security solutions for homes and businesses and is based in Ogden.    

1/5/2018 Global Uprising, PBC, dba Cotopaxi, announced that it will receive $11.0 million in a round of funding. Global Uprising designs, manufactures and sells outdoor and camping products and is based in Salt Lake City.    

1/8/2018 EMR Capital Investment Pte. Ltd. acquired a 6.7% stake in Crystal Peak Minerals, Inc. for $6.6 million. Crystal Peak Minerals produces and sells specialty fertilizers and is based in Salt Lake City.    

1/8/2018 ObservePoint LLC announced that it will receive $6.0 million in a round of funding from undisclosed investors. ObservePoint provides a data quality assurance platform that automatically verifies web tag performance and is based in Provo.    

1/11/2018 Black Rifle Coffee Company, LLC announced that it has received a round of funding from Sterling Partners. Black Rifle Company produces various coffee products and is based in Salt Lake City.    

1/15/2018 True Fit Corporation announced that it has received $55.0 million in a Series C round of funding led by new investor Georgian Partners. The transaction also involved participation from existing investors Jump Capital, Signal Peak Ventures, Intel Capital, and new investor Cross Creek Advisors. Signal Peak Ventures and Cross Creek Advisors are venture capital firms based in Salt Lake City.    

1/16/2018 Tissue Analytics announced that it will receive $5.0 million in funding from various investors including DigiTx Partners, Intermountain Healthcare, Inc., Mölnlycke Health Care AB and Tencent Holdings Limited. Intermountain Healthcare owns and operates not-for-profit hospitals and clinics in Utah and southern Idaho and is based in Salt Lake City.    

1/23/2018 PrinterLogic, LLC announced that it has received $15.0 million in its Series A round of funding from new investor Mercato Partners. PrinterLogic designs and develops enterprise printer management solutions and is based in St. George. Mercato Partners is a private equity and venture capital firm based in Cottonwood Heights.    

1/24/2018 Havenly, Inc. announced that it has received $12.5 million in its Series B round of funding led by returning investor Foundry Group. The round included participation from returning investors Industry Ventures, LLC, Kickstart Seed Fund, and Chicago Ventures. Kickstart Seed Fund is a venture capital firm based in Cottonwood Heights.    

1/30/2018 Cake Technologies, Inc. announced that it has received $5.0 million in a pre-Series A round of funding from lead investor Peak Ventures. The round included participation from Pelion Venture Partners and Kickstart Seed Fund. Cake Technologies develops a swipeable browser for mobile devices and is based in Provo. Peak Ventures is a venture capital firm based in Provo. Pelion Venture Partners is a venture capital firm based in Salt Lake City. Kickstart Seed Fund is a venture capital firm based in Cottonwood Heights.

1/30/2018 Astound announced that it has received $11.5 million in its Series A round of funding co-led by Pelion Venture Partners and Vertex Ventures. The transaction also included participation from The Hive, Moment Ventures and Slack Fund. Pelion Venture Partners is a venture capital firm based in Salt Lake City.