Columbia West Capital News - Southwest Deal Intelligence
03.26.18 Utah Deal Intelligence - February 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  

2/1/2018 Inside Real Estate acquired Circlepix.com, LLC. The terms of the transaction were not disclosed. Circlepix.com designs and develops marketing automation software solutions for the real estate industry and is based in Springville. Inside Real Estate provides an online community platform that allows agents, home buyers, and sellers to market their businesses through a suite of marketing tools and is based in Salt Lake City.    

2/1/2018 CircusTrix LLC acquired Sky Zone Franchise Group, LLC. The terms of the transaction were not disclosed. CircusTrix owns, operates, and develops indoor recreational parks and is based in Provo.    

2/1/2018 Cottonwood Title Insurance Agency Inc. acquired Founders Title Company, Inc. The terms of the transaction were not disclosed. Founders Title Company provides professional title services and is based in Salt Lake City. Cottonwood Title Insurance Agency provides professional title and escrow services for homeowners, developers, lenders, and investors and is based in Murray.

2/2/2018 Simplus acquired CirrusOne LLC. The terms of the transaction were not disclosed. Simplus provides software as a services products and support services that streamline and simplify global enterprise work management processes and is based in Sandy.

2/8/2018 LogMeIn USA, Inc. agreed to acquire Jive Communications, Inc. from BYU Cougar Capital and others for approximately $340.0 million. Jive Communications provides enterprise-grade hosted VoIP and unified communications to businesses and institutions worldwide and is based in Orem. Latham & Watkins LLP is serving as legal advisor to LogMeIn USA.    

2/8/2018 CopaSAT LLC acquired Eclipse Composites Engineering, LLC. The terms of the transaction were not disclosed. Eclipse designs and manufactures lightweight military-grade satellite communications antenna technology and is based in Bluffdale.    

2/14/2018 Merit Medical Systems, Inc. (NASDAQ:MMSI) acquired the assets divested from the merger of Becton, Dickinson & Company (NYSE: BDX) and C.R. Bard for $100.0 million. Merit Medical Systems is engaged in the development, manufacture and distribution of proprietary disposable medical devices used in interventional, diagnostic and therapeutic procedures and is based in South Jordan. Parr Brown Gee & Loveless served as legal advisor to Merit Medical Systems.    

2/20/2018 Executech Utah, Inc. acquired Redrock I.T. The terms of the transaction were not disclosed. Red Rock I.T. provides information technology support services and is based in Sandy. Executech Utah provides information technology consulting services and is based in South Jordan.  

2/27/2018 The Dwyer Group, Inc. acquired Property Management Business Solutions, LLC. The terms of the transaction were not disclosed. Property Management Business Solutions provides residential property management services and is based in Salt Lake City.  

M&A - Financial

2/28/2018 Bridger Capital Partners acquired Old Mill Brick, Incorporated. Bridger Capital partnered with Bridge Bank and Assurance Mezzanine Fund in the acquisition. The terms of the transaction were not disclosed. Old Mill Brick is a provider of thin brick web and panel systems and is based in Bluffdale. Bridger Capital is a private equity firm based in Salt Lake City. Durham Jones & Pinegar, P.C. served as legal advisor to Old Mill Brick.  

Private Placements  

2/2/2018 Purple Innovation, Inc. (NasdaqCM:PRPL) raised $65.0 million from Global Partner Acquisition Corp. Purple Innovation designs and manufactures mattresses, pillows, and cushions. The company markets and sells its products through direct-to-consumer and retail channels and is based in Alpine.    

2/5/2018 Grow, Inc. announced that it has received $16.0 million in its Series B round of funding led by Toba Capital and including participation from Peterson Ventures, LLC, Pelion Venture Partners, Kickstart Seed Fund, and HubSpot, Inc. (NYSE:HUBS). Grow develops dashboard software for executives and teams at small and medium companies to track the right metrics, make good decisions, and lead with confidence and is based in Provo. Peterson Ventures and Pelion Venture Partners are venture capital firms based in Salt Lake City. Kickstart Seed Fund is a venture capital firm based in Cottonwood Heights.

2/14/2018 Salt Stack, Inc. announced that it has received $15.5 million in its Series A round of funding led by new investor Mercato Partners and including participation from existing investors Peak Capital, EPIC Ventures, and Deep Fork Capital. Salt Stack develops and sells cloud orchestration, server automation, and IT infrastructure management software solutions for businesses worldwide and is based in Salt Lake City. Mercato Partners is a private equity and venture capital firm based in Cottonwood Heights. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City. Jones Day served as legal advisor to Salt Stack.

2/14/2018 Evelar Solar announced that it has received $5.0 million in its Series A round of funding from Black Oak Capital Partners. Evelar is a solar energy company providing solutions for homeowners and is based in Lehi. Black Oak Capital Partners is a private equity firm based in Salt Lake City.  

2/20/2018 360training.com, Inc. announced that it has received funding from RedHawk Corp, LLC and Perella Weinberg Partners LP, Investment Arm. RedHawk Corp is a private investment firm based in Salt Lake City.