Columbia West Capital News - Southwest Deal Intelligence
03.22.11 Utah Deal Intelligence - February 2011


This report is prepared as a courtesy to the Utah business community by Columbia West Capital, LLC 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 assure 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  

2/1/2011 Companion Life Insurance Company acquired Total Dental Administrators Inc. The financial terms of the transaction were not disclosed.  Total Dental, based in Salt Lake City, Utah, provides dental care services and plan design. 



2/1/2011 England Logistics, Inc. acquired TMS Technologies, LLC.  The financial terms of the transaction were not disclosed. England Logistics operates as a third-party logistics, freight brokerage, and supply chain management company and is based in Salt lake City, Utah. 



2/22/2011 Harris Corp. (NYSE: HRS) signed a definitive agreement to acquire Carefx Corporation from Pelion Venture Partners and other investors for approximately $160 million. Pelion Venture is a venture capital firm specializing in investments in seed, early venture, mid venture, and emerging companies, and is based in Salt Lake City, Utah. 



2/28/2011 Automatic Data Processing, Inc. (NasdaqGS: ADP) acquired AdvancedMD Software, Inc. from Francisco Partners Management LLC. The financial terms of the transaction were not disclosed.  AdvancedMD develops and delivers software-as-a-service electronic health record and practice management software solutions for healthcare and medical billing service providers, and is based in South Jordan, Utah. 



Private Placements 

2/4/2011 Intermountain Drilling Supply, Inc. announced that it has raised funding from Claritas Capital. Intermountain Drilling Supply distributes drilling products and supplies, and is based in Salt Lake City, Utah.  



2/14/2011 Orabrush, Inc. announced that it has raised $2.5 million in funding from new investor True Ventures and existing investor 2x Consumer Products Growth Partners.  Orabrush manufactures and sells tongue cleaners for humans and pets, and is based in Springville, Utah.  



2/16/2011 Total Joint Orthopedics, Inc. announced that it will receive $8.0 million in a round of funding.  Total Joint Orthopedics develops implants such as the 'Klassic HD Hip System' for the orthopedic market and is based in Salt Lake City, Utah.  



2/17/2011 Lendio, Inc. announced that it has received $6 million in funding from Highway 12 Ventures and GSA Venture.  Lendio operates an online platform that matches and connects small business owners with banks, credit unions, and other lending institutions, and is based in South Jordan, Utah.     



For deal submissions, please contact Jordan Nelson at jnelson@columbiawestcap.com.