Columbia West Capital News - Southwest Deal Intelligence
07.22.18 Utah Deal Intelligence - June 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

6/1/2018 Ken Garff Automotive Group acquired Henry Day Ford. The terms of the transaction were not disclosed. Henry Day Ford will change its name to Ken Garff West Valley Ford as a result of the acquisition. Henry Day Ford is a car dealership and is based in West Valley. Ken Garff Automotive Group engages in the retail of new and used cars and is based in Salt Lake City.

6/4/2018 JourneyTEAM, Inc. acquired Soren Innovations LLC. The terms of the transaction were not disclosed. Soren Innovations provides SharePoint consulting services and is based in Midvale.

6/4/2018 Biomerics, LLC acquired FutureMatrix Interventional, 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.

6/5/2018 Clinical Innovations, LLC acquired JB Medical Supplies PTY LTD. The terms of the transaction were not disclosed. Clinical Innovations engages in the research, development, and manufacturing of medical devices that improve the lives of mothers and their babies and is based in Murray.

6/8/2018 Dura Holdings, Inc. acquired Moki Mobility, Inc. The terms of the transaction were not disclosed. Moki Mobility develops web and mobility solutions for iPad and Android tablets and is based in Alpine.

6/8/2018 Impartner Software, Inc. acquired Tremolo Software Limited. The terms of the transaction were not disclosed. Impartner Software develops and provides SaaS-based partner relationship management and marketing automation platform solutions and is based in South Jordan.

6/20/2018 Alterra Mountain Company agreed to acquire Solitude Mountain Resort, LLC. The terms of the transaction were not disclosed. Solitude Mountain Resort operates a resort for skiing activities, weddings, meetings, and special events in Utah and is based in Solitude.

6/26/2018 Entegris, Inc. (NasdaqGS:ENTG) acquired Flex Concepts, Inc. The terms of the transaction were not disclosed. Flex Concepts manufactures products for the biopharmaceutical industry that include accessories, tubing, fittings, and related products and is based in Logan.

6/26/2018 Buy Box Experts agreed to acquire The Cairn Company. The terms of the transaction were not disclosed. Buy Box Experts is a consulting and management agency supporting brands on the Amazon marketplace and is based in South Jordan.

M&A - Financial

6/13/2018 Polar Star Capital Partners acquired a controlling stake in Meridian Restaurants Unlimited. The terms of the transaction were not disclosed. Based in South Ogden, Meridian Restaurants is a 126-store franchisee that manages Burger King, El Polo Loco and Chili's eateries in 8 states. The deal also includes capital to support Meridian's acquisition of another 25 existing Burger King restaurants in Kansas and Nebraska from Horizon Food Service Inc. Polar Star Capital is a private equity firm based in Salt Lake City. Snell & Wilmer LLP served as legal advisor to Polar Star Capital.

Private Placements

6/1/2018 Elefant Inc. announced that it will receive $6.3 million in a round of funding from undisclosed investors. As of June 18, 2018, the company has received $5.5 million in its first tranche from 32 investors. Elefant creates AI-based systems for bond issuers and investors and is based in Salt Lake City.

6/7/2018 Zebra Medical Vision Ltd. announced that it has received $30.0 million in its Series C round of funding led by new investor aMoon Partners and including participation from Intermountain Healthcare, Inc. and other investors. Intermountain Healthcare offers medical services in the areas of brain and spine care, cancer-care, heart care, pediatrics, women's health, and surgical services and is based in Salt Lake City.

6/7/2018 Podium, Inc. announced that it has received $60.0 million in its Series B round of funding led by new investor Institutional Venture Partners and including participation from Accel Partners, Summit Partners, and other investors. Podium operates a mobile platform to collect and manage online reviews for businesses and is based in Provo.

6/11/2018 Sphero, Inc. announced that it will receive $20.0 million from Mercato Partners and other investors. Mercato Partners is a private equity and venture capital firm based in Cottonwood Heights.

6/22/2018 Inertial Sense LLC announced that it has received $15.0 million from a single investor. Inertial Sense develops and distributes miniature GPS-aided inertial navigation systems, attitude heading reference systems, and inertial measurement units and is based in Salem.

6/27/2018 SimpleNexus, LLC announced that it has received $20.0 million from new investor Insight Venture Partners LLC. SimpleNexus designs and develops a digital mortgage solution platform and is based in Lehi.