Utah Deal Intelligence - January 2019
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
1/1/2019 GoEngineer, Inc. acquired Advanced RP, Inc. The terms of the transaction were not disclosed. GoEngineer distributes product design tools for customers in high tech, medical, machine design, energy, and other industries and is based in Salt Lake City.
1/3/2019 The Ensign Group, Inc. (NasdaqGS:ENSG) acquired Real Estate and Operations of Bella Terra Cedar City. The terms of the transaction were not disclosed. Bella Terra Cedar City operates a nursing care facility and is based in Cedar City.
1/3/2019 Deltek, Inc. acquired Avitru. The terms of the transaction were not disclosed. Avitru develops and offers architecture, engineering and construction software that integrates building specification content and is based in Salt Lake City.
1/3/2019 ZAGG Inc (NasdaqGS:ZAGG) acquired HALO for $43.2 million. ZAGG designs, manufactures, and distributes mobile tech accessories for smartphones and tablets and is based in Midvale. Durham Jones & Pinegar served as legal advisor to ZAGG.
1/7/2019 DS Co. agreed to acquire Leo Enterprises Inc. The terms of the transaction were not disclosed. DS Co. offers an integrated platform for retailers and suppliers to connect and exchange inventory, order, and catalog data and is based in Lehi. Leo Enterprises develops a cloud-based platform for real time data processing involved in cross-asset inventory management, order and post-order processing, data mining, machine learning, and predictive analytics and is based in American Fork.
1/7/2019 Auric Energy acquired Solaroo Energy, LLC. The terms of the transaction were not disclosed. Solaroo Energy distributes and installs solar panels and is based in South Jordan. Auric Solar distributes and installs residential and commercial solar power systems and is based in West Valley City.
1/11/2019 Control4 Corporation (NasdaqGS:CTRL) acquired NEEO AG for $15.6 million. Control4 provides smart home and business solutions and is based in Salt Lake City.
1/14/2019 Micron Technology, Inc. (NasdaqGS:MU) agreed to acquire IM Flash Technologies, LLC from Intel Corporation (NasdaqGS:INTC) for $1.5 billion. IM Flash Technologies manufactures flash memory chips and is based in Lehi.
1/15/2019 DoubleMap, LLC acquired Ride Systems, LLC. The terms of the transaction were not disclosed. Ride Systems develops real-time vehicle tracking software solutions and is based in Morgan.
1/16/2019 Glacier Bancorp, Inc. (NasdaqGS:GBCI) agreed to acquire FNB Bancorp for $85.0 million. FNB Bancorp is a community bank based in Layton. Sheppard, Mullin, Richter & Hampton LLP served as legal advisor to FNB.
1/18/2019 digEcor, Inc. acquired the Commercial In-Flight Entertainment Business of Collins Aerospace. The terms of the transaction were not disclosed. digEcor rebranded as Burrana Inc. after the transaction closed. Burrana develops in-flight entertainment and cabin technologies for airlines globally and is based in Springville.
1/18/2019 CircusTrix LLC acquired Planet Extreme Air Park. The terms of the transaction were not disclosed. CircusTrix owns, operates, and develops indoor recreational parks and is based in Provo.
1/28/2019 Rockwell Automation, Inc. (NYSE:ROK) acquired Emulate3d, Inc. The terms of the transaction were not disclosed. Emulate3d develops cost-effective software products that facilitate the demonstration, understanding, and sale of Automated Material Handling Systems and is based in Highland.
1/30/2019 Simplus acquired Sqware Peg Pty Ltd. The terms of the transaction were not disclosed. In a related transaction, Simplus received $20.0 million in a round of funding led by Kensington Capital with participation from EPIC Ventures, Cross Creek Advisors, University Venture Fund, and other investors. Simplus provides software as a service products and support services that streamline and simplify global enterprise work management processes and is based in Salt Lake City. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City. Cross Creek Advisors is a venture capital firm based in Salt Lake City. University Venture Fund is the venture capital arm of The University of Utah and is based in Salt Lake City.
1/30/2019 Adaptive Health, LLC acquired Biovation Labs, LLC. The terms of the transaction were not disclosed. Biovation Labs manufactures and distributes supplements and is based in Salt Lake City.
Private Placements
1/8/2019 RainFocus, Inc. announced that it has received $40.0 million in a round of funding led by new investor JMI Management, Inc. RainFocus develops big data management and marketing automation solutions for events and is based in Lehi.
1/16/2019 RecVue, Inc. announced that it has received $5.0 million in a round of funding led by Cota Capital and EPIC Ventures with participation from Long Light Light Capital, LLC. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City.
1/16/2019 Craig Technical Consulting, Inc. announced that it has received a round of funding from new investor Decathlon Capital Partners. Decathlon is a private equity firm based in Park City.
1/24/2019 Freightera Logistics Inc. announced that it has received a round of funding from Decathlon Capital Partners. Decathlon is a private equity firm based in Park City.
1/28/2019 Kuali, Inc. announced that it has received $12.0 million in a round of funding from Mercato Partners, Owl Ventures and other investors. Kuali offers open source administrative software solutions using SaaS technologies for higher education and is based in Lehi. Mercato Partners is a private equity and venture capital firm based in Cottonwood Heights.
1/28/2019 InfluxData, Inc. announced that it has received $60.0 million in a round of funding led by Norwest Venture Partners with participation from Sorenson Capital, and others. Sorenson Capital is a private equity and venture capital firm based in Lehi.
1/28/2019 Mosyle Corporation announced that it has received $16.0 million in a round of funding led by Peak Ventures and Elephant Partners. Peak Ventures is a venture capital firm based in Lehi.
1/29/2019 FileVine, LLC announced that it has received $8.3 million in its Series A round of funding from Signal Peak Ventures, Peak Ventures and other investors. Signal Peak Ventures is a private equity and venture capital firm based in Salt Lake City. Peak Ventures is a venture capital firm based in Lehi.