Utah Deal Intelligence - September 2020
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
9/1/2020 Forum Health LLC acquired LifeStream Health Centre & Med Spa. The terms of the transaction were not disclosed. Forum provides precision health services and is based in Salt Lake City.
9/3/2020 CellMark AB recently acquired Rocky Mountain Recycling, LLC. The terms of the transaction were not disclosed. Rocky Mountain Recycling provides recycling services to companies and individuals and is based in Salt Lake City.
9/4/2020 Bristol Hospice, LLC acquired Remita Health. The terms of the transaction were not disclosed. Bristole Hospice provides hospice healthcare services and is based in Salt Lake City.
9/4/2020 Verb Technology Company, Inc. (NasdaqCM:VERB) acquired Ascend Certification, LLC, dba SoloFire, for $5.1 million. SoloFire develops and markets SaaS-based sales enablement applications for sales representatives of medical device, diagnostics and life sciences companies and is based in Lehi.
9/8/2020 Cambus Teoranta Ltd. acquired the Hypotube Manufacturing Business from Merit Medical Systems, Inc. (NasdaqGS:MMSI). The terms of the transaction were not disclosed. Merit manufactures and markets disposable medical devices for interventional, diagnostic, and therapeutic procedures in cardiology, radiology, oncology, critical care, and endoscopy and is based in South Jordan.
9/10/2020 Pattern acquired Enlisted Design. The terms of the transaction were not disclosed. Pattern offers brand management and advertising services and is based in Lehi.
9/14/2020 RLDatix Ltd. acquired Best Practice Professionals, Inc., dba oneSOURCE Document Management Services. The terms of the transaction were not disclosed. oneSOURCE is a healthcare medical equipment SaaS database that provides online access to continuously-updated instructions for use and preventative maintenance documentation and is based in Salt Lake City.
9/15/2020 Visible Supply Chain Management, LLC acquired PC Synergy, Inc. The terms of the transaction were not disclosed. Visible provides customized business to business supply chain management solutions and is based in Salt Lake City.
9/23/2020 Fragomen, Del Rey, Bernsen & Loewy, LLP acquired SimpleCitizen, Inc. The terms of the transaction were not disclosed. SimpleCitizen develops digital immigration and visa solutions for customers and is based in Salt Lake City. Wilson Sonsini Goodrich & Rosati, P.C. served as legal advisor to SimpleCitizen.
9/24/2020 National Partners in Healthcare Holdings, LLC acquired Rocky Mountain Anesthesiology, P.C. The terms of the transaction were not disclosed. Rocky Mountain Anesthesiology is a health care services company that offers anesthesia services and is based in Ogden. Saxton & Stump, LLC served as legal advisor to Rocky Mountain Anesthesiology.
9/25/2020 Shaddock National Holdings acquired US Title Insurance Agency, LLC. The terms of the transaction were not disclosed. US Title owns and operates insurance agencies across Utah and is based in Bluffdale.
9/27/2020 Sportsman's Warehouse, Inc. won the bidding at a bankruptcy auction to acquire TAPCO, Inc. from Remington Arms Company, LLC. The terms of the transaction were not disclosed. Sportsman's operates outdoor sporting goods retail stores in the United States and is based in Midvale.
9/28/2020 Ivanti Software, Inc. agreed to acquire MobileIron, Inc. (NasdaqGS:MOBL) for $946.9 million. In a related transaction, Ivanti agreed to acquire Pulse Secure, LLC. The terms of the transaction were not disclosed. Ivanti provides information technology management software solutions and is based in South Jordan. Sidley Austin LLP is serving as legal advisor to Ivanti.
9/28/2020 Sierra Bullets, L.L.C. agreed to acquire certain assets of Barnes Bullets, LLC, a subsidiary of Remington Outdoor Company, Inc., for $30.5 million. Barnes Bullets manufactures and distributes bullets and related products for hunting and shooting sports and is based in Mona. O'Melveny & Myers LLP served as legal advisor to Barnes Bullets.
9/29/2020 VMware, Inc. (NYSE:VMW) agreed to acquire Salt Stack, Inc. The terms of the transaction were not disclosed. Salt Stack develops and sells cloud orchestration, server automation, and IT infrastructure management software solutions for businesses worldwide and is based in Lehi.
M&A - Financial
9/23/2020 KKR & Co. Inc. (NYSE:KKR) agreed to acquire 1-800 CONTACTS, Inc. The terms of the transaction were not disclosed. 1-800 CONTACTS engages in the online retail of lenses to consumers in The United States and is based in Orem. Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor to 1-800 CONTACTS.
Private Placements
9/1/2020 Sarcos Corp. announced that it has received $40.0 million in its Series C round of funding from Rotor Capital and other investors. Sarcos is a robotics and sensor company that designs, builds, and produces dexterous tele-operated robotic systems and is based in Salt Lake City.
9/9/2020 Recursion Pharmaceuticals, Inc. announced that it has received $239.0 million in funding from Leaps by Bayer, EPIC Ventures, Intermountain Ventures, and other new and existing investors. Recursion offers drug discovery and treatments using artificial intelligence, automation, bioinformatics, and experimental biology and is based in Salt Lake City. EPIC Ventures is a private equity and venture capital firm based in Salt Lake City. Intermountain is a private equity and venture capital arm of Intermountain Healthcare and is based in Salt Lake City.
9/9/2020 Claravine, Inc. announced that it has received $5.0 million in funding from Grayhawk Capital, LLC, Next Frontier Capital, and other investors. Claravine develops a platform for digital experience data management for campaign tracking and is based in Provo.
9/15/2020 Mobilize Networks Inc. announced that it has received $6.0 million in a Series A round of funding led by new investor Sorenson Capital with participation from Kickstart Seed Fund. Sorenson is a private equity and venture capital firm based in Lehi. Kickstart is a venture capital firm based in Cottonwood Heights.
9/16/2020 Impartner, Inc. announced that it has received $30.0 million in a round of funding from new investor Golub Capital LLC. Impartner develops and provides SaaS-based partner relationship management and marketing automation platform solutions and is based in South Jordan.
9/22/2020 Crack Shack Enterprises, LLC announced that it has received a round of funding from new investor Savory, a fund managed by Mercato Partners. Mercato is a private equity and venture capital firm based in Cottonwood Heights.
9/23/2020 Ovation Up, Inc. announced that it has received funding from new investor Branded Strategic Advisors. Ovation provides a technology to view and analyze online reviews and customer feedback and is based in Orem.
9/25/2020 Clarus Corporation (NasdaqGS:CLAR) announced that it will receive $11.5 million in funding. Clarus develops, manufactures, and distributes outdoor equipment and lifestyle products focusing on the climb, ski, mountain, sport, and skincare markets and is based in Salt Lake City.