Utah Deal Intelligence - July 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
7/6/2020 Sunrun Inc. (NasdaqGS:RUN) agreed to acquire Vivint Solar, Inc. (NYSE:VSLR) in an all-stock deal valued at $3.2 billion. Vivint provides distributed solar energy primarily to residential customers in the United States and is based in Lehi. Wilson Sonsini Goodrich & Rosati, P.C. and Simpson Thacher & Bartlett LLP are serving as legal advisors to Vivint.
7/7/2020 Visible Supply Chain Management, LLC acquired TriCon. 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.
7/7/2020 Realtime Learning Systems, LLC agreed to acquire Stenotype Educational Products, Inc. The terms of the transaction were not disclosed. Realtime develops an online coaching solution for schools, firms, courts, and associations and is based in Kaysville.
7/7/2020 Tonaquint Data Centers, Inc. acquired Fiberpipe Data Centers, Inc. The terms of the transaction were not disclosed. Tonaquint provides IT solutions, including colocation, cloud, DRaaS, IaaS, Office 365 backups, and managed solutions and is based in St. George.
7/9/2020 Health Catalyst, Inc. (NasdaqGS:HCAT) agreed to acquire all of the equity interests in Healthfinch, Inc. for $40.0 million. Health Catalyst provides data and analytics technology and services to healthcare organizations and is based in Salt Lake City.
7/16/2020 Mozenda, Inc. acquired Dexi Ltd. The terms of the transaction were not disclosed. Mozenda enables users to extract and manage Web data to use as actionable intelligence and is based in Pleasant Grove.
7/20/2020 New Age Beverages Corporation (NasdaqCM:NBEV) agreed to acquire ARIIX Holdings, LLC for $206.1 million. ARIIX manufactures nutritional supplements and is based in Bountiful.
7/23/2020 NewOak Finance, Inc. acquired FuturePay, Inc. The terms of the transaction were not disclosed. FuturePay provides an online payment and alternative financing solution that allows customer to buy now and pay later and is based in Lehi.
7/23/2020 Repay Holdings Corporation (NasdaqCM:RPAY) acquired cPayPlus, LLC for $16.0 million. cPayPlus offers payments software and services to automotive, property management, and field services and is based in Midvale.
7/28/2020 Recursion Pharmaceuticals, Inc. acquired Vium, Inc. The terms of the transaction were not disclosed. Recursion offers drug discovery and treatments using artificial intelligence, automation, bioinformatics, and experimental biology and is based in Salt Lake City.
Private Placements
7/1/2020 AMP Smart announced that it has received a round of funding from new investors Seacoast Capital and St. Cloud Capital, LLC. The terms of the transaction were not disclosed. AMP develops and sells security and home automation systems and is based in American Fork.
7/13/2020 Becklar, LLC announced that it has received a round of funding from new investor BV Investment Partners, L.P. The terms of the transaction were not disclosed. Becklar is the parent company of AvantGuard Monitoring Centers and Freeus, an Ogden-based wholesale provider of mobile medical alerts. AvantGuard offers professional third-party monitoring and event response services and is based in Ogden.
7/16/2020 Stride Funding, Inc. announced that it has received funding from New U Venture Partners and Western Governors University. New U is a venture capital firm based in Salt Lake City. Western Governors University is an educational institution that offers graduate and postgraduate programs and is based in Salt Lake City.
7/20/2020 Whistic, Inc. announced that it will receive $12.0 million in funding from Emergence Capital Partners, Album VC, and other investors. Whistic owns and operates a SaaS platform that enables organizations to evaluate and quantify the IT security risks associated with its SaaS vendors and is based in Pleasant Grove. Album is a venture capital firm based in Lehi.
7/27/2020 Frequency Therapeutics, Inc. (NasdaqGS:FREQ) announced that it will receive $42.3 million in a round of funding from Wasatch Advisors Inc., Federated Hermes, Inc. (NYSE:FHI), and other investors. Wasatch is an employee-owned investment manager based in Salt Lake City.
7/29/2020 Thrive Earlier Detection Corp. announced that it has received $257.0 million in an equity round of funding from Casdin Capital, LLC, Section 32, Intermountain Ventures and other investors. Intermountain Ventures is a private equity and venture capital arm of Intermountain Healthcare and is based in Salt Lake City.
7/29/2020 Utility Global, Inc. announced that it has received $5.0 million in funding from one investor. Utility Global designs and develops oxide-ion cells for development in manufacturing, sensing, control, and nanotechnology and is based in Provo.