Utah Deal Intelligence - April 2023

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

4/3/2023 Kevin Murphy Group acquired Show Pony Group Pty Ltd. The terms of the transaction were not disclosed. Kevin Murphy Group manufactures hair care products and is based in Holladay.

4/3/2023 Extra Space Storage Inc. (NYSE:EXR) entered into a definitive merger agreement to acquire Life Storage, Inc. (NYSE:LSI) for $16.0 billion. Extra Space is a fully integrated, self-administered and self-managed real estate investment trust that owns and operates self-storage properties and is based in Salt Lake City. Latham & Watkins LLP is serving as legal advisor to Extra Space.

4/5/2023 Rollins, Inc. (NYSE:ROL) acquired FPC Holdings, LLC (Fox Pest Control) for $350.0 million. Fox provides pest control services to residential and commercial clients and is based in Logan.

4/10/2023 JobNimbus, LLC acquired Roofer Marketers LLC. The terms of the transaction were not disclosed. JobNimbus develops an online application based on project management and CRM software to track leads, estimate projects, create tasks, and build reports and is based in Lehi.

4/17/2023 Reed Hastings, co-founder and executive chairman of Netflix, acquired a majority stake in Powder Mountain Resort. The terms of the transaction were not disclosed. Powder Mountain is the largest ski resort in the U.S. by skiable acres and is based in Eden.

4/21/2023 Maverik Inc. agreed to acquire Kum & Go, L.C. and Solar Transport Company. The terms of the transaction were not disclosed. Maverik operates a chain of gas stations with convenience stores in the Intermountain West and is based in North Salt Lake.

Private Placements

4/4/2023 Dura Software, Inc. announced it has raised $50.0 million in a round of funding from Peterson Partners LP and other investors. Peterson is a private equity and venture capital firm based in Salt Lake City.

4/13/2023 Independent Physician Association of New York, Inc. announced that it has raised $100.0 million in its equity and debt round of funding led by returning investor Enhanced Healthcare Partners with participation from new investor Monroe Capital LLC. Enhanced is a private equity firm based in Salt Lake City.

4/16/2023 Talentism Inc. announced that it has received an investment from Decathlon Capital Partners, LLC. Decathlon is a venture capital firm based in Park City.

4/18/2023 Xenocor Inc. announced that it has raised $10.0 million in an oversubscribed round of funding led by new investor GenHenn Capital with participation from Barvest Ventures Inc., Patel Family Investments, and Baranco Investments, Inc. Xenocor engages in designing and developing medical devices for laparoscopic surgery and is based in Salt Lake City.

4/20/2023 Alucent Biomedical, Inc. announced that it has received $11.2 million in funding from one investor. Alucent manufactures a drug-device therapy designed to treat peripheral artery disease and is based in Salt Lake City.

4/21/2023 Alianza, Inc. announced that it will receive $29.0 million in funding. As of April 24, 2023, Alianza received $21.5 million in its first tranche from 4 investors. Alianza develops a cloud-based software-as-a-service platform for cable operators, mobile operators, telephone companies, and other broadband providers and is based in Pleasant Grove.