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


5/3/2011 North American Trailer, LLC acquired Quality Fleet Repair, Inc. The financial details of the transaction are undisclosed. North American Trailer, based in Salt Lake City, Utah, rents and leases trucks and trailers.    


5/15/2011 Cornerstone Healthcare, Inc. acquired Symbii Home Health and Hospice. The financial details of the transaction are undisclosed. Based in Sandy, Utah, Symbii Home Health provides home healthcare and hospice services.    


5/16/2011 Hub International Transportation Insurance Services Inc. acquired the assets of The Transportation Group, LTD.  The financial details of the transaction are undisclosed. Hub International provides transportation insurance products and is based in Salt Lake City, Utah.    


5/24/2011 Hewlett-Packard Company (NYSE: HPQ) signed a definitive agreement to acquire the assets of Printelligent Corporation. The financial details of the transaction were undisclosed. Printelligent provides managed document solutions and is based in Salt Lake City, Utah.    


M&A - Financial   


5/1/2011 Symmetric Capital acquired a 30% interest in a Utah-based software company targeting the educational training market for $15.0 million.  Durham Jones & Pinegar, P.C. served as legal advisor to the seller.    


Private Placements   


5/19/2011 Shacho Inc. announced that it has raised $10.0 million from Hummer Winblad Venture Partners and other investors.  Shacho develops business intelligence technologies and is based in Provo, Utah.    


5/20/2011 Adapx, Inc. announced that it has raised $5.0 million from returning investors including Pelion Venture Partners. Pelion Venture Partners, based in Salt Lake City, Utah, is a venture capital firm specializing in investments in seed, early venture, mid-venture, and emerging companies.    


5/30/2011 Mavenir Systems, Inc. announced that it has received $40.0 million in its Series E round from a group of investors including Cross Creek Capital, L.P. Cross Creek Capital is a venture capital firm specializing in fund of funds and direct investments and is based in Salt Lake City, Utah.     



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