Utah Deal Intelligence - September 2024
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
9/3/2024 ReSource Pro, LLC acquired Lowry & Associates, Inc. The terms of the transaction were not disclosed. Lowry operates as a third-party firm that provides insurance premium audit services and survey services and is based in Draper.
9/3/2024 Consensus Sales, Inc. acquired ReachSuite, Inc. The terms of the transaction were not disclosed. Consensus develops and operates an intelligent demo automation platform to scale presales and qualify buyers and is based in Lehi.
9/4/2024 MGT acquired Cicero Group, LP. The terms of the transaction were not disclosed. Based in Salt Lake City, Cicero is a data-driven strategy consulting and research company that provides decision support to corporate entities, government agencies, not-for-profit organizations, and public and private educational institutions.
9/4/2024 Leading2Lean, LLC acquired SwipeGuide B.V. The terms of the transaction were not disclosed. Leading2Lean develops plant floor digital production and maintenance solutions for manufacturers and is based in Salt Lake City.
9/5/2024 Western Governors University (WGU) acquired The Craft Education System, Inc. The terms of the transaction were not disclosed. WGU is an educational institution that offers graduate and postgraduate programs and is based in Salt Lake City.
9/6/2024 Savvas Learning Company LLC acquired Pointful Education, LLC. The terms of the transaction were not disclosed. Pointful offers digital courseware to prepare students for industry-based certification exams, engage in career exploration, and learn about forthcoming technologies and is based in Lehi.
9/9/2024 RoadSafe Traffic Systems, Inc. acquired All Star Striping. The terms of the transaction were not disclosed. All Star provides pavement marking services and is based in Ogden.
9/12/2024 Sandia Laboratory Federal Credit Union (SLFCU) and Mountain America Credit Union announced that SLFCU will acquire the portion of Mountain America’s business located in Albuquerque. The terms of the transaction were not disclosed. Based in Sandy, Mountain America provides consumers and businesses with a variety of products and services and has $19 billion in assets and 100+ branches across six states.
9/16/2024 RainFocus, LLC acquired WebEvents, LLC. The terms of the transaction were not disclosed. RainFocus develops and operates big data management and marketing automation solutions for events and is based in Lehi.
9/17/2024 R-Zero Systems, Inc. acquired SecureAire Technologies, LLC. The terms of the transaction were not disclosed. R-Zero manufactures, designs, and develops disinfection devices for businesses and is based in South Salt Lake.
9/17/2024 Alsco Inc. acquired Churchill Linen Service, Inc. The terms of the transaction were not disclosed. Alsco provides rental, leasing, and laundry services for linens and uniforms and is based in Salt Lake City.
9/17/2024 Merit Medical Systems, Inc. (NasdaqGS:MMSI) agreed to acquire Cook Medical’s end-to-end lead management product portfolio for $210.0 million. Merit designs, develops, manufactures, and markets single-use medical products for interventional, diagnostic, and therapeutic procedures and is based in South Jordan. Parr Brown Gee & Loveless PC served as legal advisor to Merit.
9/17/2024 PCF Insurance Services acquired the insurance business of Top Insurance Associates, LLC. The terms of the transaction were not disclosed. Lindon-based PCF is a top 20 U.S. insurance brokerage and rebranded to Trucordia in October.
9/18/2024 RLDatix Ltd. acquired SocialClimb, LLC. The terms of the transaction were not disclosed. SocialClimb develops and offers medical marketing tools that connect physicians and patients online and is based in Lehi.
9/23/2024 American Holt Corporation acquired Servi-Tech. The terms of the transaction were not disclosed. Servi-Tech distributes replacement parts for production machinery used in the beverage packaging industry and is based in Woods Cross.
9/24/2024 ROI CX Solutions acquired Active TeleSource, Inc. The terms of the transaction were not disclosed. Based in American Fork, ROI is a call center solutions provider offering total contact management and business support services.
9/26/2024 Grain Craft, Inc. acquired Central Milling Company. The terms of the transaction were not disclosed. Central Milling produces organic flour and grains for homes and bakeries and is based in Logan.
M&A - Financial
9/9/2024 CSC Generation, Inc. acquired Backcountry.com, LLC. The terms of the transaction were not disclosed. Backcountry retails outdoor gear and clothing solutions for men and women online and is based in Park City. Ropes & Gray served as legal advisor to Backcountry.
Private Placements
9/4/2024 ACS Manufacturing, Inc. announced that it has received a recapitalization round of funding that included participation from new investor Tower Arch Capital, L.P. Tower Arch is a private equity firm based in Draper. Gibson, Dunn & Crutcher LLP served as legal advisor to Tower Arch.
9/11/2024 Nostra AI announced that it has received $8.9 million in a round of funding led by new investor High Alpha, Inc. with participation from Crosscut Ventures Management, LLC, Sugar Capital, Good Friends Venture Capital, Signal Peak Ventures, and angel investors such as Matthew Prince. Signal Peak is a private equity and venture capital firm based in Salt Lake City.
9/16/2024 Two Boxes, Inc. announced that it has received $5.3 million in an oversubscribed round of funding led by new investor Peterson Ventures, LLC with participation from Assembly Ventures, LLC, Vinyl Capital, Range Ventures, and Matchstick Ventures. Peterson is a venture capital firm based in Salt Lake City.
9/25/2024 Zing Health, Inc. announced that it has received an incremental $140.0 million in a round of funding co-led by new investors Health2047 Capital Partners and CR Group L.P. with participation from First Trust Capital Partners LLC, Leavitt Equity Partners, and other investors. Leavitt is a healthcare focused private equity firm based in Salt lake City.