Columbia West Capital News - Southwest Deal Intelligence
05.23.18 Utah Deal Intelligence - April 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  

4/3/2018 GMS Inc. (NYSE:GMS) acquired the GSD Distribution Operations of Grabber Construction Products, Inc. The terms of the transaction were not disclosed. Grabber Construction Products manufactures and distributes fasteners and fastening systems for wood, metal, and drywall applications in commercial and residential construction markets and is based in Highland.    

4/3/2018 Colliers International Group Inc. (TSX:CIGI) acquired the Operations of Coldwell Banker Commercial Advisors. The terms of the transaction were not disclosed. Coldwell Banker Commercial Advisors provides commercial real estate advisory services and is based in Salt Lake City.    

4/6/2018 Mountain America Federal Credit Union acquired Dugway Federal Credit Union. The terms of the transaction were not disclosed. Dugway Federal Credit Union provides financial products and services for consumers and businesses in the United States and is based in Dugway. Mountain America Federal Credit Union is a federally-chartered credit union and is based in West Jordan.  

4/9/2018 Garff Enterprises and Garff Ventures agreed to acquire Garcadia Auto, LLC from Leucadia National Corporation (NYSE:LUK) for $485.0 million. Garff Enterprises, through its subsidiaries, retails new and used cars and is based in Salt Lake City.  

4/9/2018 Sunroc Corporation acquired Arrowhead Concrete Works, Inc. The terms of the transaction were not disclosed. Sunroc Corporation produces high-quality mixes for retail and construction industries and is based in Saint George.    

4/10/2018 Boostability Inc. acquired SMB Elite Inc, dba Grow Team, LLC. The terms of the transaction were not disclosed. Boostability, a search engine optimization (SEO) company and marketing partner, provides marketing solutions for small and medium-sized businesses and is based in Lehi.    

4/12/2018 Qualtrics, LLC acquired Delighted Inc. from Relay Ventures. The terms of the transaction were not disclosed. Qualtrics develops and provides a software solution for data collection and analytics and is based in Provo.    

4/13/2018 Flexan LLC acquired IntroMed, LLC. The terms of the transaction were not disclosed. IntroMed produces patent protected sheath introducers for use in catheter placements and is based in Salt Lake City.    

4/25/2018 Alpine Subscriptions LLC acquired InstaCandy Inc. The terms of the transaction were not disclosed. Alpine Subscriptions provides subscription-based retailing services for consumer lifestyle products and is based in Provo.    

4/30/2018 Presidio, Inc. (NasdaqGS:PSDO) acquired Red Sky Solutions LLC. The terms of the transaction were not disclosed. Red Sky Solutions provides information technology solutions, such as managed services, cybersecurity consulting and risk services, network services, and cloud services and is based in Draper.  

4/30/2018 Biomerics, LLC and ATL Technology, Inc. agreed to acquire assets of Catheter Research Inc. The terms of the transaction were not disclosed. Biomerics designs, engineers, and manufactures polymer solutions for customers in the medical device, biotech, and healthcare industries and is based in Salt Lake City. ATL Technology provides electromechanical contract manufacturing services for assemblies and devices and is based in Springville.  

Private Placements  

4/3/2018 Lytics Inc. announced that it has received $14.0 million in its Series B round of funding led by new investor Two Sigma Ventures and including participation from new investor EPIC Ventures, existing investors Comcast Ventures, Voyager Capital and others. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.

4/5/2018 Regency Lived announced that it will receive an undisclosed amount of funding from Decathlon Capital Partners. Decathlon Capital Partners is a private equity firm based in Park City.    

4/19/2018 ClickLease, LLC announced that it will receive $10.0 million in funding. On May 1, ClickLease closed the transaction which included participation from 13 investors. ClickLease is a FinTech company based in West Valley City.    

4/20/2018 Owlet Baby Care Inc. announced that it will receive $24.0 million in its Series B round of funding from returning investor Trilogy Equity Partners, new investor Pelion Venture Partners, Broadway Angels and over 40 other investors. The transaction closed on May 8th. Owlet Baby Care develops and manufactures Owlet Smart Sock, a monitor that tracks babies breathing and heart rate and is based in Lehi. Pelion Venture Partners is a venture capital firm based in Salt Lake City.

4/24/2018 Social Dental, Inc. announced that it will receive $8.0 million in a round of funding from undisclosed investors. As of May 8, 2018, the company received $5.6 million in its first tranche from 21 investors. Social Dental develops a social media marketing solution for dental professionals and is based in Orem.