Utah Deal Intelligence - June 2021

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

6/2/2021 Pluralsight, Inc. agreed to acquire A Cloud Guru Ltd. The terms of the transaction were not disclosed. Pluralsight operates a cloud-based technology skills platform and is based in Draper. Kirkland & Ellis LLP is serving as legal advisor to Pluralsight.

6/3/2021 Dot Foods, Inc. acquired ShopHero Inc. The terms of the transaction were not disclosed. ShopHero operates a white-labeled online storefront to enable users to shop for groceries and is based in Provo.

6/8/2021 Regions Bank agreed to acquire EnerBank USA for $960.0 million. EnerBank provides unsecured home improvement and home energy loans and customized training material and sessions for contractors and dealers and is based in Salt Lake City.

6/8/2021 Innovations in Nutrition and Wellness acquired Capstone Nutrition, LLC. The terms of the transaction were not disclosed. Capstone develops and manufactures science-based nutrition products and is based in Ogden. Kirkland & Ellis LLP and Fredrikson & Byron P.A. served as legal advisors to Capstone.

6/9/2021 TriNet Group, Inc. (NYSE:TNET) acquired ReportTime. The terms of the transaction were not disclosed. ReportTime develops a cloud-based time and labor management technology platform and is based in Salt Lake City.

6/10/2021 Henry Schein, Inc. (NasdaqGS:HSIC) acquired 70% stake in eAssist Dental Solutions, Inc. The terms of the transaction were not disclosed. eAssist provides administrative support services to dental offices and is based in American Fork.

6/14/2021 Automattic Inc. acquired Bloom Built, Inc. The terms of the transaction were not disclosed. Based in Lehi, Bloom Built is an internet software and services company that develops the Day One Journal app for journaling on Mac and iOS devices.

6/15/2021 KMD Partners, LLC agreed to acquire Liberty Bank, Inc. The terms of the transaction were not disclosed. Liberty offers personal and commercial banking services and is based in Salt Lake City.

6/15/2021 Power Plus Productions acquired Backbeats Backline from Performance Audio, LLC. The terms of the transaction were not disclosed. Backbeats offers musical equipment rentals for all types of events and is based in Salt Lake City. Performance Audio operates wholesale electronics supply stores that offer professional sound systems and equipment and is based in Salt Lake City.

6/17/2021 Brady Corporation (NYSE:BRC) acquired The Code Corporation for $180.0 million. Code designs, develops, and manufactures automatic identification and data collection devices, accessories, and application enablement systems and is based in Murray. Moore & Van Allen PLLC served as legal advisor to Code.

6/24/2021 Health Catalyst, Inc. (NasdaqGS:HCAT) agreed to acquire Twistle, Inc. for $169.8 million. Health Catalyst provides data and analytics technology and services to healthcare organizations and is based in South Jordan.

6/24/2021 Karl Malone Auto Group acquired Teague Toyota, Teague Ford-Lincoln and Teague Chevrolet. The terms of the transaction were not disclosed. Karl Malone operates as a dealer of new and used motor vehicles and is based in Draper.

6/24/2021 Leavitt Group Enterprises, Inc. acquired One Source Advisors, Inc. The terms of the transaction were not disclosed. Leavitt provides insurance brokerage services in the United States and is based in Cedar City.

6/29/2021 Project One Nutrition, Inc. agreed to acquire AmpHP, Inc. The terms of the transaction were not disclosed. AmpHP offers PR lotion for athletes to optimize their human performance and is based in Park City. After the transaction, both companies and future product launches will live under the Momentous brand name.

6/29/2021 AmeriLife Group, LLC acquired Maximum Senior Benefits LLC. The terms of the transaction were not disclosed. Maximum offers financial insurance programs to seniors and is based in Elk Ridge.

M&A - Financial

6/24/2021 LongueVue Capital, LLC along with Traco's Founder John Palica, CEO Owen Power, and management team acquired Traco Manufacturing, Inc. The terms of the transaction were not disclosed. Traco engages in the manufacture, import, and supply of packaging equipment and supplies and is based in Orem. Jeffs & Jeffs, PC served as legal advisor to Traco.

Private Placements

6/1/2021 Spiff Inc. announced that it has raised $46.0 million in a round of funding from Lightspeed Venture Partners and other investors. Spiff develops a SaaS-based sales commission and compensation software platform and is based in Sandy.

6/8/2021 UpGuard Inc. announced that it has received $19.0 million in its Series B-1 round of funding with participation from existing investors IAG Firemark Ventures, Pelion Venture Partners, Square Peg Capital and August Capital. Pelion is a venture capital firm based in Salt Lake City.

6/8/2021 Boart Longyear Limited (ASX:BLY) announced a private placement for gross proceeds of $50.0 million from Corre Partners Management, LLC, First Pacific Advisors, LLC, and Nut Tree Capital Management, LP. Boart, together with its subsidiaries, provides drilling services, drilling equipment, and performance tooling for mining and mineral drilling companies and is based in Salt Lake City.

6/10/2021 AuthentiCx, Inc. announced that it has received $7.9 million in funding from Signal Peak Ventures and other investors. Signal Peak is a private equity and venture capital firm based in Salt Lake City.

6/15/2021 Macrometa Corporation announced that it has raised $20.0 million in its Series A round of funding from Pelion Venture Partners, DNX Ventures, LLC, and other investors. Pelion is a venture capital firm based in Salt Lake City.

6/15/2021 BookClub.com, Inc. announced that it has received $20.0 million in funding from Signal Peak Ventures, Pelion Venture Partners, and other investors. BookClub.com owns and operates a virtual book club platform and is based in Bountiful.

6/16/2021 Markerr, Inc. announced that it has received $5.0 million in a round of funding from RETV Management LLC and other investors. RETV is a venture capital firm based in Park City.

6/16/2021 TOC Systems, Inc., dba Cardagraph, announced that it has received a round of funding from new investor Album VC. Cardagraph develops and operates a SaaS-based productivity data platform to ingest and structure work data and is based in Lehi. Album is a venture capital firm based in Lehi.

6/16/2021 R-Zero Systems, Inc. announced that it has received $41.5 million in funding led by new investor Wil LLC. R-Zero manufactures, designs, and develops hospital-grade disinfection devices for businesses and is based in Salt Lake City.

6/22/2021 Via Customer Inc. announced that it has received $15.0 million in a round of funding led by new investor Footwork with participation from returning investor Peterson Ventures, LLC, individual investors Josh James, Ryan Smith, Jack Altman, and others. Peterson Ventures is a venture capital firm based in Salt Lake City.

6/22/2021 Xenocor Inc. announced that it has received a round of funding from Barvest Ventures Inc. Xenocor engages in designing and developing medical devices and is based in Salt Lake City.

6/22/2021 Crossroads Paper announced that it has received a round of growth equity funding from new investor Peterson Real Assets LLC. Crossroads is a 100% recycled paper mill to be built in Utah. Peterson Real Assets is a subsidiary of Peterson Partners, Inc., a private equity firm based in Salt Lake City.

6/23/2021 InCorta, Inc. announced that it has received a round of funding from Prysm Capital, L.P., National Grid Ventures Limited, Sorenson Capital, and other investors. Sorenson is a private equity and venture capital firm based in Lehi.

6/29/2021 Canopy Tax, Inc. announced that it has received $11.0 million in a round of funding led by new investor Ankona Capital with participation from returning investors NewView Capital Management, LLC, Pelion Venture Partners, Tenaya Capital Inc., and others. Canopy develops practice management software solutions for accounting companies and is based in Draper.

6/29/2021 Visier, Inc. announced that it has received $125.0 million in its Series E round of funding led by new investor Goldman Sachs Asset Management, L.P. with participation from returning investors Sorenson Capital, Foundation Capital, Summit Partners, L.P., and Adams Street Partners, LLC. Sorenson is a private equity and venture capital firm based in Lehi.