Utah Deal Intelligence - March 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
3/1/2019 Larry H. Miller Dealerships acquired Berge Ford, Inc. The terms of the transaction were not disclosed. Larry H. Miller operates as a new and used car dealer and is based in Sandy.
3/1/2019 DVL Group, Inc. acquired Technical Building Systems Company. The terms of the transactions were not disclosed. Technical Building Systems operates as a data center infrastructure provider and is based in Salt Lake City.
3/6/2019 Imagine Learning, Inc. acquired Assessment Technology Incorporated. The terms of the transaction were not disclosed. Imagine Learning develops language and literacy solutions for elementary students and is based in Provo.
3/6/2019 Emmersion Learning, Inc. acquired Perpetual Technology Group. The terms of the transaction were not disclosed. Perpetual Technology Group administrates WebCAPE, a computer adaptive placement exam to test reading, grammar, and vocabulary skills, and is based in Lehi. Emmersion Learning operates as an educational technology company that specializes in personalizing language learning and is based in Lehi.
3/11/2019 Christy Sports, LLC acquired Leisure Living, Inc. The terms of the transaction were not disclosed. Leisure Living is a specialty outdoor furniture retail operator and is based in Salt Lake City.
3/13/2019 Singularity Education Group, dba Singularity University, acquired Uncommon Partners. The terms of the transaction were not disclosed. Uncommon Partners is a consulting and training company that helps organizations achieve behavioral transformation and is based in American Fork.
3/18/2019 Henry Schein One, LLC acquired Lighthouse 360. The terms of the transaction were not disclosed. Henry Schein One develops software for dentists and is based in American Fork.
3/19/2019 Intermountain Staffing, Inc. acquired Seville Staffing. The terms of the transaction were not disclosed. Intermountain Staffing provides staffing services in the United States and is based in North Salt Lake.
3/29/2019 Sunroc Building Materials, Inc. acquired assets of Sierra Truss Company, Inc. The terms of the transaction were not disclosed. Sunroc distributes building and construction materials and is based in Lindon.
M&A – Financial
3/5/2019 The Wasatch Group acquired MarketStar Corporation. The terms of the transaction were not disclosed. MarketStar operates as a sales, marketing, and business process outsourcing agency and is based in Ogden. The Wasatch Group operates as an integrated real estate development, construction, property management, and guaranty capital company and is based in Logan.
Private Placements
3/11/2019 Medici Ventures acquired 5.1% stake in Bankorus. The terms of the transaction were not disclosed. Medici Ventures is the investment arm of Overstock.com, Inc. and is based in Salt Lake City.
3/11/2019 Fairygodboss, Inc. announced that it has received $10.0 million in funding from Signal Peak Ventures and existing investor GSV Acceleration, LLC. Signal Peak is a private equity and venture capital firm based in Salt Lake City.
3/12/2019 Sharpen Technologies, Inc. announced that it has received $15.0 million in funding from Jupiter Peak Capital and other investors. Jupiter Peak is a private equity firm based in Park City.
3/12/2019 Convenient Payments, LLC announced that it has received a recapitalization round of funding from The Beekman Group, LLC. Convenient Payments develops and operates payment solutions and integration platforms and is based in Draper.
3/14/2019 Artemis Health Inc. announced that it has received $25.0 million in funding from Bessemer Venture Partners and other investors. Artemis operates as a health data analytics company and is based in Salt Lake City.
3/18/2019 Extra Space Storage LP announced that it has received $5.7 million in funding from 4 investors. Extra Space Storage manages, develops, sells, and rents self-storage facilities and is based in Salt Lake City.
3/19/2019 Clearbit, Inc. announced that it has received $15.0 million in a round of funding led by individual investor Ash Fontana with participation from Cross Creek Advisors and other investors. Cross Creek Advisors is a venture capital firm based in Salt Lake City.
3/19/2019 Converus, Inc. announced that it has received $5.6 million in funding from 26 investors. Converus develops lie detection software that detects deception by analyzing eye behavior and is based in Lehi.
3/20/2019 NS8 Inc. announced that it has received $26.0 million in a round of funding from Sorenson Capital and other investors. Sorenson Capital is a private equity and venture capital firm based in Lehi.
3/20/2019 Steward Partners Global Advisory LLC announced that it has received $50.0 million in an equity round of funding from new investor The Cynosure Group. The Cynosure Group is a private equity firm based in Salt Lake City. Pepper Hamilton LLP served as legal advisor to The Cynosure Group.