Columbia West Capital News - Southwest Deal Intelligence
04.23.18 Utah Deal Intelligence - March 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

3/1/2018 Savage Industries, Inc. acquired EnviroServe. The terms of the transaction were not disclosed. Savage Industries provides supply chain solutions to businesses and is based in Midvale. Kirkland & Ellis LLP served as legal advisor to Savage Industries. 

3/1/2018 HUB International Insurance Services Inc. acquired the assets of Spectra Management, LLC. The terms of the transaction were not disclosed. Spectra Management provides employee insurance, savings, and retirement plans to businesses and is based in Sandy. 

3/1/2018 Belt Power LLC acquired Regional Supply, LLC. The terms of the transaction were not disclosed. Regional Supply is a lightweight conveyor belt distributor based in Salt Lake City. 

3/5/2018 Convergint Technologies LLC acquired Alphacorp, Inc., dba SIRE Technologies, Inc. The terms of the transaction were not disclosed. SIRE Technologies offers security solutions, including consulting, assessment, design, engineering, installation, and support and is based in West Valley. 

3/5/2018 ARIIX Holdings, LLC acquired Nucerity International, Inc. The terms of the transaction were not disclosed. ARIIX manufactures nutritional supplements and weight loss products and is based in Bountiful. 

3/6/2018 CallTower Inc. acquired Appia Communications, Inc. The terms of the transaction were not disclosed. CallTower provides cloud-based enterprise-class unified communications solutions for organizations worldwide and is based in South Jordan. 

3/9/2018 W.W. Clyde & Co. agreed to acquire Scott Contracting, Inc. The terms of the transaction were not disclosed. W.W. Clyde & Co. provides heavy civil construction services in the Intermountain West region and is based in Springville. 

3/15/2018 Randall-Reilly, LLC acquired Smart Rhino Labs LLC. The terms of the transaction were not disclosed. Smart Rhino Labs offers recruiting services in the trucking industry and is based in Draper. 

3/19/2018 Stantec Inc. (TSX:STN) agreed to acquire Norwest Corporation. The terms of the transaction were not disclosed. Norwest Corporation provides consulting services for energy, mining, and natural resource industries and is based in Salt Lake City. 

3/28/2018 Accell North America, Inc. acquired the remaining 62% stake in Beeline Bikes, Inc. from a number of original investors, including Backcountry.com, LLC. The terms of the transaction were not disclosed. Backcountry.com retails outdoor gear and clothing solutions for men and women online and is based in Park City.

M&A - Financial

3/2/2018 Liebman Group, LLC acquired a majority stake in SolPals, LLC, dba C-Slide. The terms of the transaction were not disclosed. C-Slide develops and manufactures web camera covers for laptops, computers, and Smart TVs and is based in Draper.

Private Placements

3/6/2018 Degreed, Inc. announced that it has received $42.0 million in its Series C round of funding co-led by new investor Owl Ventures and Jump Capital, and including participation from existing investor Signal Peak Venturesand others. Signal Peak Ventures is a private equity and venture capital firm based in Salt Lake City. 

3/8/2018 Interior Define Inc. announced that it has received $15.0 million in its Series B round of funding from a number of investors, including existing investor Peterson Ventures, LLC, a venture capital firm based in Salt Lake City. 

3/14/2018 Bitsy, Inc. announced that it has received an undisclosed amount of funding from new investor Medici Ventures, Inc. Bitsy develops a blockchain-based bridge between FIAT and cryptocurrencies and is based in Cottonwood Heights. Medici Ventures is a principal investment arm of Overstock.com, Inc. specializing in investments in blockchain technologies and is based in Salt Lake City. 

3/15/2018 Bridger Capital Partners, LLC and Assurance Mezzanine Fundacquired an unknown minority stake in Old Mill Brick Incorporated. Old Mill Brick manufactures brick products and is based in Riverton. Bridger Capital Partners is a private equity firm based in Salt Lake City. 

3/16/2018 Taft Clothing LLC announced that it will receive $5.1 million from undisclosed investors. As of March 30, 2018, the company received $5.0 million in its first tranche from 18 investors. Taft Clothing sells handmade men's shoes and boots online and is based in Provo. 

3/21/2018 Rally Ventures announced that it has received an undisclosed amount of funding from new investor Decathlon Capital Partners, a private equity firm based in Park City. 

3/21/2018 Bold Alliances, LLC, dba Royal Alliances, announced that it will receive an undisclosed amount of funding from Decathlon Capital Partners, a private equity firm based in Park City. 

3/27/2018 Midigator LLC announced that it has received $30.0 million in equity funding from new investor LLR Partners Inc. Midigator develops and operates a chargeback and fraud mitigation technology platform for merchants and payment processors and is based in Lindon. 

3/27/2018 Fastdata.io, Inc. announced that it has received $5.0 million in its seed round of funding co-led by Pelion Venture Partners and Crosscut Ventures Management, LLC, with participation from existing investor GPU Ventures. Pelion Venture Partners is a venture capital firm based in Salt Lake City. 

3/27/2018 Canopy Tax Inc. announced that it has received $30.0 million in a round of funding led by existing investor New Enterprise Associates with participation from new investors Wells Fargo Strategic Capital and University Growth Fund, existing investors Pelion Ventures and EPIC Ventures, and others. Canopy Tax provides tax resolution, accounting workflow management, and practice management software platform for accountants and tax professionals and is based in Lehi. Pelion Venture Partners and University Growth Fund are venture capital firms based in Salt Lake City. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City. 

3/29/2018 Accolade, Inc. announced that it has received $50.0 million in a round of funding from a number of investors, including Cross Creek Advisors. Cross Creek Advisors is a venture capital firm based in Salt Lake City. 

3/30/2018 Intellisteel Group entered into a growth financing agreement with new investor Decathlon Capital Partners, a private equity firm based in Park City.