Columbia West Capital News - Southwest Deal Intelligence
06.24.18 Utah Deal Intelligence - May 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

5/1/2018 Interior Specialists, Inc. acquired Chris & Dick's Cabinets and Countertops LLC. The terms of the transaction were not disclosed. Chris & Dick's Cabinets and Countertops manufactures and sells cabinets and countertops and is based in Salt Lake City.

5/4/2018 Health Catalyst Inc. agreed to acquire Medicity, Inc. from Aetna Inc. (NYSE:AET). The terms of the transaction were not disclosed. Health Catalyst develops and delivers a data warehousing architecture that uses a just-in-time approach to integrate information from healthcare organizations into source data marts for improving clinical, financial, and operational outcomes for improved population health and is based in Salt Lake City. Medicity, a health management company, develops software solutions for health information exchange, business intelligence, and provider and patient engagement and is based in Salt Lake City.

5/7/2018 Meridian Restaurants Unlimited, LC agreed to acquire 10 Chili's Restaurants and 2 El Pollo Loco stores. The terms of the transaction were not disclosed. Meridian Restaurants is a franchise operator of Burger King restaurants in Minnesota, North Dakota and Wisconsin and is based in South Ogden.

5/8/2018 RetailMeNot, Inc. acquired LowestMed, Inc. from Healthbox, LLC. The terms of the transaction were not disclosed. LowestMed's name was changed to RetailMeNot Rx Saver as a result of the acquisition. RetailMeNot Rx Saver provides a mobile application that offers consumers with prescription drug pricing information that helps manage and reduce healthcare expenses and is based in Sandy.

5/10/2018 HireVue, Inc. acquired MINDX Ltd. The terms of the transaction were not disclosed. HireVue develops and delivers video interviewing software solutions and assessment services for recruiting and hiring talent and is based in South Jordan.

5/10/2018 Xcite Satellite, LLC acquired New Star Communications Inc. The terms of the transaction were not disclosed. Xcite engages in communications and digital entertainment devices door-to-door sales and installation activities and is based in Orem. New Star Communications operates as a DIRECTV dealer that offers satellite communication services and is based in Lindon.

5/14/2018 PolarityTE, Inc. (NasdaqCM:COOL) acquired a preclinical biomedical research facility. The terms of the transaction were not disclosed. PolarityTE operates as a commercial-stage biotechnology and regenerative biomaterials company in the United States and is based in Salt Lake City. The research facility is a fully-functional, operational and profitable contract research organization which is regulated and compliant under both Good Laboratory Practices and United States Department of Agriculture standards.

5/14/2018 Alps Electric Co., Ltd. (TSE:6770) agreed to acquire Greina Technologies, Inc., dba RF Ranging, Inc. The terms of the transaction were not disclosed. RF Ranging engages in the designing and development of wireless electronic positioning systems and is based in Salt Lake City.

5/15/2018 Wavetronix LLC agreed to acquire Island Radar Company, LLC. The terms of the transaction were not disclosed. Wavetronix designs and manufactures products for the intelligent transportation systems and traffic management industries and is based in Provo.

5/16/2018 Savage Industries, Inc. agreed to acquire Bartlett and Company, Inc. The terms of the transaction were not disclosed. Savage Industries provides supply chain solutions to businesses in North America and internationally and is based in Midvale. Kirkland & Ellis LLP served as legal advisor to Savage Industries.

5/22/2018 InMoment, Inc. acquired brandXP Australia Pty Limited. The terms of the transaction were not disclosed. InMoment owns and operates a cloud-based customer experience optimization platform and is based in Salt Lake City.

5/25/2018 Myriad Genetics, Inc. (NasdaqGS:MYGN) agreed to acquire Counsyl, Inc. for $375.0 million. Myriad Genetics focuses on developing and marketing novel predictive medicine, personalized medicine, and prognostic medicine tests worldwide and is based in Salt Lake City. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. is serving as legal advisor to Myriad Genetics.

M&A - Financial

5/7/2018 Polar Star Capital Partners acquired a controlling stake in Meridian Restaurants Unlimited, LC. Meridian Restaurants is a franchise operator of Burger King restaurants in Minnesota, North Dakota and Wisconsin and is based in South Ogden. Polar Star Capital Partners is a private equity firm based in Salt Lake City.

Private Placements

5/1/2018 NinePoint Medical, Inc. announced that it has received funding from new investor Merit Medical Systems, Inc. (NasdaqGS:MMSI). Merit Medical Systems designs, develops, manufactures, and markets various disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy and is based in South Jordan.

5/2/2018 Loveland Innovations, LLC announced that it has received a round of funding from Standard Industries Inc. and other investors. Loveland Innovations provides solutions that combine property data analytics and artificial intelligence mapping with drone flight and is based in Alpine.

5/2/2018 Acima Credit, LLC announced that it has received $125.0 million from new lender Comvest Partners. Acima Credit provides consumer finance services and is based in Sandy.

5/4/2018 Imagine Learning, Inc. announced that it has received an undisclosed amount of funding from Silver Lake. Imagine Learning develops language and literacy solutions for elementary students and is based in Provo.

5/4/2018 DivvyPay, Inc. announced that it has received $10.5 million in its Series A round of funding from Pelion Venture Partners and other investors. DivvyPay operates a payment and business budgeting platform and is based in Lehi. Pelion Venture Partners is a venture capital firm based in Salt Lake City.

5/10/2018 Browz, LLC announced that it has received $22.0 million in a round of funding from Golub Capital LLC. Browz provides supplier qualification and management solutions and is based in Draper.

5/22/2018 Waterjet Robotics U.S.A., LLC announced that it has received a round of funding from new investor Decathlon Capital Partners. Decathlon Capital Partners is a private equity firm based in Park City.

5/24/2018 MarketDial, Inc. announced that it has received $6.3 million from 11 investors. MarketDial is a software company that enables companies to design and execute business experiments and is based in South Jordan.

5/31/2018 ZAAZ, Inc. announced that it has received a round of funding from new investor Decathlon Capital Partners. Decathlon Capital Partners is a private equity firm based in Park City.