Utah Deal Intelligence - January 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
1/2/2020 Dyaco International Inc. (TSEC:1598) agreed to acquire Fitness Equipment Services, LLC, dba Sole Fitness, for $28.0 million. Sole Fitness manufactures fitness equipment including treadmills, ellipticals, and exercise bikes and is based in Salt Lake City.
1/2/2020 InfoWest, Inc. acquired American Wireless Inc. The terms of the transaction were not disclosed. American Wireless provides Internet services to residents and businesses and is based in St. George. InfoWest provides high-speed Internet to residents and businesses in Southern Utah and is based in St. George.
1/7/2020 Daniele International, Inc. acquired Creminelli Fine Meats, LLC. The terms of the transaction were not disclosed. Creminelli Fine Meats produces and sells Italian salami sausages and is based in Salt Lake City.
1/10/2020 iOFFICE, Inc. acquired Teem, LLC. The terms of the transaction were not disclosed. Teem develops and provides a SaaS platform for employee meeting and collaboration and is based in Salt Lake City.
1/13/2020 Smart Rain acquired Irrisoft, Inc. The terms of the transaction were not disclosed. Irrisoft manufactures smart irrigation control products and is based in Logan. Smart Rain manufactures smart irrigation systems to prevent overwatering and is based in Centerville.
1/13/2020 Forum Health LLC acquired Austin Complete Health, PLLC. The terms of the transaction were not disclosed. Forum Health provides precision health services and is based in Salt Lake City.
1/13/2020 Mainstreet Computers Inc. acquired Dialmark, LLC, dba Digital Business Controls. The terms of the transaction were not disclosed. Digital Business Controls develops and provides business services software that includes ticketing, invoicing, and accounting and inventory functions for the auto and flat glass industries and is based in Sandy.
1/20/2020 Biomerics, LLC acquired the remaining 50% stake in Catheter Research, Inc. from ATL Technology, Inc. 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. ATL provides electromechanical contract manufacturing services for assemblies and devices and is based in Springville.
1/21/2020 Nature's Trees, Inc., dba SavATree, SavaLawn and Keep't Green, acquired Wasatch Arborists, Inc. The terms of the transaction were not disclosed. Wasatch Arborists provides tree caring and forestry management services and is based in Park City.
1/21/2020 Vexcel Imaging, Inc. agreed to acquire the imagery sourcing group of Geomni, Inc. The terms of the transaction were not disclosed. The imagery sourcing group of Geomni comprises aerial imagery surveying and content-related business and is based in Lehi.
1/22/2020 Patron Technology, Inc. acquired GrowTix, LLC. The terms of the transaction were not disclosed. GrowTix designs and develops a platform for organizers to manage event scheduling, guest itineraries and exhibitor booth planning and is based in West Valley City.
1/22/2020 Isagenix International, LLC acquired Zija International, Inc. The terms of the transaction were not disclosed. Zija manufactures and sells health and wellness products for customers worldwide and is based in Lehi.
1/23/2020 Pioneer Metal Finishing, LLC acquired Pilkington Metal Finishing, LLC. The terms of the transaction were not disclosed. Pilkington provides industrial finishing services for precious metals and is based in Salt Lake City.
1/28/2020 Executech Utah, Inc. acquired Pact-One Solutions, Inc. The terms of the transaction were not disclosed. Executech Utah provides IT consulting services and is based in South Jordan.
1/31/2020 Northwest Pipe Company (NasdaqGS:NWPX) acquired Geneva Pipe Company, Inc. The terms of the transaction were not disclosed. Geneva Pipe engages in the manufacture of concrete pipes and precast products and is based in Orem.
M&A - Financial
1/8/2020 Montage Partners, Inc. acquired Moab Brewery. The terms of the transaction were not disclosed. Moab Brewery operates as a microbrewery and distillery and is based in Moab.
Private Placements
1/6/2020 TaxBit, Inc. announced that it has received $5.0 million in a round of funding from TTV Capital, Valar Ventures LP, Album VC, and other investors. TaxBit develops a platform to help cryptocurrency traders track their taxable gains and is based in Salt Lake City. Album VC, previously known as Peak Ventures, is a venture capital firm based in Lehi.
1/6/2020 Awardco, LLC announced that it will receive $5.0 million in a round of funding. On January 13, 2020, Awardco closed the transaction which included participation from 3 investors. Awardco develops and offers an employee recognition and total rewards platform for organizations and is based in Orem.
1/15/2020 Stratus Medical, LLC announced that it has received a round of funding from Med Venture Holdings, LLC and other investors. In a related transaction, Stratus acquired assets from Biomerics, LLC. The terms of the transactions 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. Stratus manufactures Nimbus, a medical device for reducing pain and suffering for chronic pain patients and is based in Salt Lake City.
1/28/2020 Aumni announced that it has received $10.0 million in its Series A round of funding from SVB Financial Group (NasdaqGS:SIVB), Kickstart Seed Fund, and other investors. Aumni is a SaaS company developing a robotic process automation and data analytics platform for private capital investors and is based in Salt Lake City. Kickstart is a venture capital firm based in Cottonwood Heights.
1/24/2020 Canopy Tax, Inc. announced that it will receive $8.0 million in a round of funding. On February 7, 2020, Canopy closed the transaction which included participation from 11 investors. Canopy provides a tax resolution, accounting workflow management, and practice management software platform for accountants and tax professionals and is based in Lehi.