Utah Deal Intelligence - June 2022

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

6/1/2022 Thermon Group Holdings, Inc. (NYSE:THR) acquired Flatwork Technologies, LLC. The terms of the transaction were not disclosed. Flatwork manufactures and markets temperature control systems for business customers and is based in Salt Lake City.

6/1/2022 Nitto Denko Corporation (TSE:6988) acquired Bend Labs, Inc. The terms of the transaction were not disclosed. Bend develops and manufactures integrated motion measurement systems for remote healthcare and is based in Salt Lake City. Fenwick & West LLP served as legal advisor to Bend.

6/1/2022 Extra Space Storage Inc. (NYSE:EXR) acquired Bargold Storage Systems, L.L.C. The terms of the transaction were not disclosed. Based in Salt Lake City, Extra Space is a self-administered and self-managed REIT and offers customers a wide selection of conveniently located and secure storage units across the country, including boat storage, RV storage, and business storage.

6/6/2022 The Descartes Systems Group Inc. (TSX:DSG) acquired XPS Ship, LLC for $140.0 million. XPS designs and develops a web-based platform to provide multi-carrier shipping solutions and is based in Cottonwood Heights.

6/7/2022 SoftBank Robotics America, Inc. acquired a minority stake in Autonomous Solutions, Inc. The terms of the transaction were not disclosed. Autonomous operates as an electronic equipment and instruments company and is based in Mendon.

6/8/2022 Eltropy, Inc. acquired POPio Mobile Video Cloud, LLC. The terms of the transaction were not disclosed. POPio develops and provides an online video calling software platform for the banking sector and is based in Sandy.

6/8/2022 Blancco Technology Group plc (AIM:BLTG) agreed to acquire WipeDrive, Inc. for $10.0 million. WipeDrive, formerly known as White Canyon Software Inc., is a provider of data erasure software solutions and is based in American Fork.

6/9/2022 DigiCert, Inc. acquired DNS Made Easy. The terms of the transaction were not disclosed. DigiCert provides public key infrastructure, SSL certificates, and management tools for identity and encryption in small and large companies and is based in Lehi.

6/16/2022 InMoment, Inc. acquired Review Trackers, Inc. The terms of the transaction were not disclosed. Based in South Jordan, InMoment develops and offers the InMoment XI Platform, a cloud-based customer experience optimization platform that helps brands tell customer stories to inform business decisions and helps brands create relationships with their customers.

6/16/2022 CenExel Clinical Research, Inc. acquired Apex Innovative Sciences, Inc. The terms of the transaction were not disclosed. CenExel provides medical and scientific support in the design and execution of clinical trials and is based in Salt Lake City.

6/16/2022 Vivakor, Inc. (NasdaqCM:VIVK) agreed to acquire Silver Fuels Delhi, LLC and White Claw Colorado City, LLC for $37.4 million subject to post-closing adjustments. Vivakor operates, acquires, and develops clean energy technologies and environmental solutions primarily focused on soil remediation in the United States and Kuwait and is based in Lehi. Lucosky Brookman LLP is serving as legal advisor to Vivakor.

6/17/2022 PulteGroup, Inc. (NYSE:PHM) acquired One Stop Heating and Air Conditioning LLC. The terms of the transaction were not disclosed. One Stop offers heating and air conditioning installation and repair services and is based in Sandy.

6/20/2022 Telarus Inc. agreed to acquire Telecom Consulting Group. The terms of the transaction were not disclosed. Telarus operates as a telecom master agent and patent holder of real-time carrier quotes and is based in Sandy.

6/23/2022 Degreed, Inc. acquired LearnIn, Inc. from Album VC, Kickstart Seed Fund, and other investors. The terms of the transaction were not disclosed. LearnIn helps companies establish talent academies that steer all the resources needed for building a highly skilled workforce and is based in Alpine. Album is a venture capital firm based in Lehi. Kickstart is a venture capital and private equity firm based in Cottonwood Heights.

6/30/2022 PCF Insurance Services of the West, LLC acquired United Underwriters, Inc. The terms of the transaction were not disclosed. United operates as an insurance agency that offers personal, renter, business, homeowner, condo, commercial, and earthquake insurance services and is based in Provo.

M&A - Financial

6/6/2022 Branford Castle Partners, L.P. acquired Handi Quilter, Inc. from Premier Needle Arts Inc. The terms of the transaction were not disclosed. Handi manufactures and sells mid arm and long arm quilting machines and systems and is based in North Salt Lake. Premier manufactures and supplies sewing, quilting, knitting, and fiber art products to quilting stores, sewing retailers, quilting distributors, and dealers and is based in North Salt Lake.

Private Placements

6/1/2022 SuraLink, Inc. announced that it has received a round of funding that included participation from new investor Luminate Capital Management, Inc. SuraLink provides workflow software for accountants and is based in Salt Lake City.

6/7/2022 Whistic, Inc. announced that it has raised $35.0 million in its Series B round of funding led by JMI Equity with participation from Forgepoint Capital, Emergence Capital, Album VC, and FJ Labs. Whistic designs and develops a software-as-a-service platform to provide vendor security management solutions and is based in Pleasant Grove. Album is a venture capital firm based in Lehi.

6/13/2022 Prenda, Inc. announced that it has raised $20.0 million in a round of funding led by new investor 776 Fund Management, LLC with participation from Album VC, Modern Venture Partners, Learn Capital, LLC, and other investors. Album is a venture capital firm based in Lehi.

6/13/2022 iCreditWorks announced that it has received a round of funding that included participation from new investor WebBank. WebBank is a Utah chartered industrial bank based in Salt Lake City.

6/14/2022 Home View Technologies, Inc., dba LiveView Technologies, announced that it has received $50.0 million in a round of funding that included participation from Sorenson Capital, Larry H. Miller Dealerships, Lead Edge Capital Management, LLC, and Pelion, Inc. LiveView designs and develops a web-based software-as-a-service platform and hardware systems to provide surveillance, live video streaming, and security solutions and is based in Orem. Sorenson is a private equity and venture capital firm based in Lehi. Larry H. Miller Dealerships operates as a new and used car dealer in Arizona, Colorado, Idaho, New Mexico, Utah, and Washington and is based in Sandy. Pelion is a venture capital firm based in Salt Lake City.

6/16/2022 Transfr VR announced that it has raised $35.0 million in a round of funding led by Lumos Capital Group LLC with participation from Firework Ventures, Album VC, and Spring Tide Capital. Album is a venture capital firm based in Lehi.

6/16/2022 Recyclops, Inc. announced that it has received funding from Larry H. Miller Group of Companies. Recyclops offers recycling services for multi-unit housing and businesses and is based in Sandy. Larry H. Miller Companies, through its subsidiaries, engages in automotive dealerships, sports and entertainment, finance and insurance, real estate, and philanthropy businesses and is based in Sandy.

6/21/2022 Rivet Health, Inc. announced that it has received $20.5 million in a round of funding led by Catalyst Investors, L.L.C. with participation from Ankona Capital, Menlo Ventures Management, L.P., Pelion, Inc., and Lux Capital Management, LLC. Rivet operates as a SaaS-based healthcare revenue cycle management software for providers and patients and is based in Cottonwood Heights. Pelion is a venture capital firm based in Salt Lake City.

6/22/2022 PrimeTrust LLC announced that it has received over $107.0 million in round of funding that included participation from Fidelity Information Services, LLC, Mercato Partners, LLC, Kraken Ventures, LLC, and other investors. Mercato is a private equity and venture capital firm based in Cottonwood Heights.

6/30/2022 Stake Technology announced that it has raised $12.0 million in a round of funding led by new investor Housing Impact Fund, a fund managed by RETV Management LLC, with participation from Enterprise Community Partners, Hometeam Ventures, Shadow Ventures, and other investors. RETV is a venture capital firm based in Park City.