Utah Deal Intelligence - August 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

8/1/2022 Eduro Healthcare, LLC acquired 7 nursing and rehab centers. The terms of the transaction were not disclosed. Eduro owns and operates healthcare facilities in Utah, California, Colorado, and Wisconsin and is based in Salt Lake City.

8/9/2022 Nexus IT Consultants LLC acquired Intelitechs LLC. The terms of the transaction were not disclosed. Intelitechs provides managed information technology (IT) services and is based in Salt Lake City. Nexus operates as an IT support and managed IT services company and is based in Park City.

8/9/2022 Lindström Oy acquired the Chinese operations of Alsco Inc. The terms of the transaction were not disclosed. Alsco provides rental, leasing, and laundry services for linens and uniforms for automotive, building services, food processing, healthcare/clinic, industrial, and restaurant industries in the U.S. and internationally and is based in Salt Lake City.

8/17/2022 Pattern Inc. acquired Current Technologies LLC. The terms of the transaction were not disclosed. Current designs and develops a platform that provides ambassador programs from creators and produces content, measures influencer-driven sales and returns on spends, and manages creator payouts, and is based in Lehi. Pattern is a growth intelligence organization that provides monitoring, compliance, sales, advertising, fulfillment, and growth services for e-commerce companies and is based in Lehi.

8/18/2022 GoEngineer, Inc. acquired Computer Aided Technology, Inc. The terms of the transaction were not disclosed. GoEngineer distributes product design tools for customers in high-tech, medical, machine design, energy, and other industries and is based in Salt Lake City. Dechert LLP served as legal advisor to GoEngineer.

8/22/2022 Thrive Foods acquired Freeze-Dry Foods. Thrive is a manufacturer of freeze-dried products including fruits, vegetables, proteins, pet treats, probiotics, enzymes, and prepared meals and is based in American Fork.

8/29/2022 Nazara Technologies FZ LLC agreed to acquire WildWorks, Inc. for $10.4 million. WildWorks develops gaming and interactive entertainment products for kids and their families and is based in Draper.

8/30/2022 Albion Laboratories, Inc. acquired Bergstrom Nutrition, Inc. The terms of the transaction were not disclosed. Albion is a science and research-based company that develops and manufactures nutritional and mineral products for animals, plants, and humans and is based in Clearfield.

8/31/2022 Purple Innovation, Inc. (NASDAQ:PRPL) acquired Advanced Comfort Technologies, Inc. The terms of the transaction were not disclosed. Advanced Comfort, known as Intellibed, is a gel-based mattress manufacturer based in Salt Lake City. Purple designs and manufactures a variety of branded comfort products, including mattresses, pillows, cushions, frames, and sheets, and is based in Lehi. Mayer Brown LLP served as legal advisor to Intellibed. Dorsey & Whitney LLP served as legal advisor to Purple.

M&A - Financial

8/30/2022 DIP Financing, LLC agreed to acquire all of the assets from NewAge, Inc. (NasdaqCM:NBEV) and certain of its subsidiaries, Morinda, Inc., Morinda Holdings, Inc., and Ariix LLC, for $28.0 million in a transaction that is subject to Bankruptcy Court approval. NewAge is a direct-to-consumer organic and healthy products company with three major category platforms including health and wellness, inner and outer beauty, and nutritional performance and weight management and is based in Midvale.

Private Placements

8/1/2022 Paramify announced that it recently received funding from new investor RevRoad. Paramify designs and develops a platform that provides security solutions and is based in Provo. RevRoad is a Provo-based venture services firm that helps portfolio companies grow with a team and essential services for up to 2 years.

8/5/2022 Project Solar, Inc. announced that it has raised $23.0 million in a round of funding led by new investor Left Lane Capital, LLC. Project Solar offers solar equipment, solar equipment installation, repair, and other related products and services and is based in Lehi.

8/5/2022 Solo, LLC announced that it has raised a round of funding from new investor Bregal Sagemount. Solo is an independent provider of solar sales, proposal, and design software and is based in Lehi.

8/15/2022 Priority OnDemand, LLC announced that it has received a round of funding from Enhanced Healthcare Partners. Enhanced is a private equity firm based in Salt Lake City.

8/16/2022 IsoTalent, Inc. announced that it has raised $5.0 million in a round of funding co-led by new investors Crocker Ventures and Ad Ventures with participation from new investor Sweater LLC and several high-profile angel investors. IsoTalent is a full-service global recruiting agency based in Lehi. Crocker is a venture capital firm based in Salt Lake City. Ad Ventures is a corporate venture capital arm of Harmon Brothers and is based in Provo.

8/18/2022 Wilson Electronics, LLC announced that it has received a round of funding from new investor Trive Capital Management LLC. Wilson designs and manufactures cell phone signal boosters, antennas, cellular accessories, and related components and is based in St. George.

8/22/2022 Happy Day Gourmet LLC, dba Pop Art Snacks LLC, announced that it has received funding led by individual investor Jared Smith. Pop Art produces food products intended to offer healthy snacks with fun and unique flavor combinations and is based in Salt Lake City.

8/24/2022 SocialSwell, Inc., dba Swell CX, announced that it has received $8.9 million in funding from 6 investors. Swell is an online customer review management platform used to capture real-time customer feedback for businesses and is based in Holladay.

8/29/2022 Limit Break Inc. announced it has raised $200.0 million in investment capital from Buckley Ventures, Standard Crypto, Paradigm Ventures, and other investors. Limit designs and develops and online gaming platform that incorporates NFT's into the "free-to-play" payment model for mobile games and is based in Park City.