Utah Deal Intelligence - July 2019
This report is prepared as a courtesy to the Utah business community by Columbia West Capital 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
7/01/2019 Forum Health LLC acquired SevaMed Institute. The terms of the transaction were not disclosed. Forum Health provides precision health services and is based in West Jordan.
7/11/2019 DFPG Investments, Inc. acquired J. Freeman & Associates, Inc. The terms of the transaction were not disclosed. DFPG Investments operates as an independent broker-dealer and registered investment advisor in the financial services industry and is based in Sandy.
7/12/2019 PalAmerican Security acquired Bedrock Protection Agency LLC. The terms of the transaction were not disclosed. Bedrock Protection Agency provides security patrol and guard, and risk management services and is based in Salt Lake City.
7/16/2019 nCino, Inc. acquired Visible Equity LLC. The terms of the transaction were not disclosed. Visible Equity provides software solutions for financial institutions in the United States and is based in Salt Lake City. Holland & Hart LLP served as legal advisor to Visible Equity.
7/16/2019 BSN Sports, LLC acquired Hillock Sports, LLC. The terms of the transaction were not disclosed. Hillock Sports distributes and sells sportswear and uniform products through an online portal and is headquartered in Murray, Utah.
7/17/2019 Valnet Inc. acquired GameRant.com. The terms of the transaction were not disclosed. Game Rant publishes gaming news, reviews, and trailers and is based in Ogden.
7/18/2019 Look Good Brands, LLC acquired Legends Boxing. The terms of the transaction were not disclosed. Legends Boxing owns and operates health and fitness centers and is based in Salt Lake City.
7/23/2019 Lendio, Inc. acquired Billy. The terms of the transaction were not disclosed. As a result of the acquisition, Billy's name was changed to Sunrise. Sunrise is a cloud-based small business accounting platform and based in Lehi. Lendio owns and operates a platform that allows business owners to find online small business loans and is based in Lehi.
7/24/2019 Geomni, Inc. agreed to acquire Keystone Aerial Surveys, Inc. from Pasco Corporation (TSE:9232) for $30.0 million. Geomni gathers, stores, processes, and delivers geographical and spatial imagery data and is based in Lehi.
7/30/2019 Penske Commercial Vehicles US, LLC acquired Warner Truck Centers, LLC. The terms of the transaction were not disclosed. Warner Truck Centers retails Freightliner and Western Star medium and heavy-duty commercial trucks in Utah and Idaho and is based in Salt Lake City.
M&A - Financial
7/17/2019 Snapdragon Capital Partners LLC and The Maze Group LLC agreed to acquire a minority stake in Nutraceutical International Corporation. The terms of the transaction were not disclosed. Nutraceutical International manufactures, markets, distributes, and retails branded nutritional supplements and other natural products and is based in Park City. Kirkland & Ellis LLP is serving as legal advisor to Nutraceutical.
7/03/2019 Turbo Tenant, LLC announced that it will receive $6.5 million in its Series A round of funding from Access Venture Partners, RETV Management LLC and other investors. RETV is a venture capital firm based in Park City.
7/08/2019 AmpHP, Inc announced that it has received a round of funding from Next Ventures and other investors. AmpHP offers muscle performance and recovery lotion for athletes and is based in Park City.
7/10/2019 APiO, Inc. announced that it has received a round of funding from new investor Euler Hermes North America Insurance Company, Inc. APiO provides a technology solution that provides same-day funding for SMBs and creates an asset class for institutional investors and is based in Lehi.
7/16/2019 Koco Life, LLC announced that it has received $20.0 million in funding from University Growth Fund I, L.P., Unilever Ventures Limited, and other investors. University Venture Fund is the venture capital arm of The University of Utah and is based in Salt Lake City.
7/17/2019 Icertis, Inc. announced that it has received $115.0 million in its Series E round of funding co-led by existing investor Greycroft and new investor PremjiInvest with participation from Cross Creek Advisors and other investors. Cross Creek is a venture capital firm based in Salt Lake City.
7/23/2019 Curza announced that it has received $5.3 million in a round of funding from new investor Novo REPAIR Impact Fund. Curza develops drugs for the treatment of infectious diseases and oncology and is based in Salt Lake City.
7/26/2019 Suralink, Inc. announced that it will receive $5.3 million in funding from new investor Growth Street Partners. SuraLink provides professional document exchange software that enables users to request, receive, track, and manage client's documents and is based in Salt Lake City.
7/31/2019 Sera Prognostics, Inc. announced that it will receive $50.0 million in funding. As of August 7, the company received $25.8 million in its first tranche from 18 investors. Sera Prognostics is a biotechnology company that develops diagnostic tests for the early prediction of a woman's individualized risk of premature birth, preeclampsia, and other pregnancy complications and is based in Salt Lake City.
7/31/2019 ABS TOPCO, LLC announced that it will receive $17.0 million in funding from 13 investors. ABS operates in the healthcare industry and is headquartered in Salt Lake City.