Utah Deal Intelligence - August 2019

This report is prepared as a courtesy to the Utah business community by Columbia West 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

8/1/2019  Biomerics, LLC agreed to acquire Northeast Laser and Electropolish, LLC. 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.

8/1/2019  Advice Media, LLC acquired docero, LLC. The terms of the transaction were not disclosed. Advice Media provides digital marketing and website building services to medical professionals and is based in Park City.

8/2/2019  Whitaker Construction Co. Inc. acquired Das-Co of Idaho Inc. The terms of the transaction were not disclosed. Whitaker Construction provides underground utility construction and heavy civil construction services and is based in Brigham City.

8/6/2019  Avanos Medical, Inc. (NYSE:AVNS) agreed to acquire substantially all assets of Summit Medical Products Inc. for $18.0 million. Summit Medical Products manufactures and supplies electronic infusion pumps and is based in Sandy.

8/15/2019  Forum Health LLC acquired Advanced Integrative Healthcare and HealthSpringMD. The terms of the transactions were not disclosed. Forum Health provides precision health services and is based in West Jordan.

8/20/2019  Impartner Software, Inc. acquired Amplifinity, LLC. 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.

8/27/2019  Connect Financial Software Solutions, LLC agreed to acquire the Symmetry eBanking Suite of Wescom Resources Group. The terms of the transaction were not disclosed. Connect Financial Software Solutions develops, operates, and manages banking software solutions for the credit union sector and is based in Salt Lake City.

M&A - Financial

8/20/2019  Lovell Minnick Partners, LLC agreed to acquire a majority stake in Inside Real Estate. The terms of the transaction were not disclosed. Inside Real Estate provides an online community platform that allows agents, home buyers, and sellers to market their businesses, inventory, and themselves through a suite of marketing tools and is based in Salt Lake City. Parr Brown Gee & Loveless is serving as legal advisor to Inside Real Estate.

Private Placements

8/2/2019  Blokable, Inc. announced that it will receive $23.4 million in funding from Vulcan Capital, Building Ventures, Motley Fool Ventures Management LLC, Ten Eighty Capital, and other investors. Ten Eighty Capital is a principal investment firm based in Park City.

8/8/2019  Cefaly Technology announced that it has received a round of funding from new investor DW Healthcare Partners. DW is a private equity and venture capital firm based in Park City.

8/8/2019  Owlet Baby Care Inc. announced that it will receive $6.0 million in funding. As of August 23, 2019, the company received $5.9 million in its first tranche from 22 investors. Owlet Baby Care develops and manufactures Owlet Smart Sock, a monitor that tracks babies breathing and heart rate and is based in Lehi.

8/13/2019  Baze Labs, Inc. announced that it has received $6.0 in a round of funding from Nature's Way Products, LLC and other investors. Nature's Way Products manufactures and sells nutritional and natural products and is based in Lehi.

8/13/2019  Hunt A Killer LLC announced that it has received an equity round of funding from new investor Decathlon Capital Partners, LLC. Decathlon is a private equity firm based in Park City.

8/15/2019  InCorta, Inc. announced that it has received $30.0 million in its Series C round of funding from Sorenson Capital and other investors. Sorenson Capital is a private equity and venture capital firm based in Lehi.

8/19/2019  Alternative Behavior Strategies, Inc. announced that it has received a round of funding from new investor Morgan Stanley Expansion Capital and returning investor Petra Capital Partners, LLC. Alternative Behavior Strategies provides health care services and is based in Salt Lake City.

8/30/2019  SmartBeat announced that it has received a round of funding from new investor Ideaship. SmartBeat is a B2C infant monitoring system solutions company based in Salt Lake City.