Utah Deal Intelligence - August 2025
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
8/1/2025 N.A.R., Inc. acquired The Computer Manager, Inc. The terms of the transaction were not disclosed. N.A.R. provides debt collection services and is based in West Valley City.
8/4/2025 Opiniion Inc. acquired Rentgrata, Inc. The terms of the transaction were not disclosed. Opiniion develops a resident satisfaction software for property management companies to collect authentic real-time feedback from residents and is based in Lehi.
8/5/2025 ATLAS-SSI, Inc. acquired WTR Engineering, LLC. The terms of the transaction were not disclosed. WTR manufactures mechanical water filtration and screening systems for industrial and municipal applications and is based in Salt Lake City.
8/7/2025 Aecon Group Inc. (TSX:ARE) acquired Bodell Construction Co. The terms of the transaction were not disclosed. Bodell operates as a commercial and industrial general contracting company and is based in Salt Lake City.
8/13/2025 Giant Ideas, LLC acquired MW Fitness Holdings, LLC. The terms of the transaction were not disclosed. Giant Ideas operates boutique fitness studios and is based in Lehi.
8/13/2025 PURE Healthcare, LLC agreed to acquire AleraCare Holdings, LLC. The terms of the transaction were not disclosed. Based in Taylorsville, PURE provides infusion and injection therapy for patients with chronic conditions, such as rheumatoid arthritis, Crohn's disease, multiple sclerosis, and other chronic conditions. Kunzler Law Group is serving as legal advisor to PURE.
8/18/2025 Digi Smartsense LLC acquired Jolt Software, Inc. for $145.5 million. Based in Lehi, Jolt provides operations execution software that helps businesses achieve team accountability, digital food safety compliance, and improved employee performance. Wilson Sonsini Goodrich & Rosati LLP served as legal advisor to Jolt.
8/19/2025 TCG Services LLC acquired Commercial Asset Preservation, LLC. The terms of the transaction were not disclosed. Based in Salt Lake City, Commercial Asset Preservation offers property inspection, maintenance, repair, and preservation services for commercial real estate.
8/20/2025 Sequoia Financial Group, LLC agreed to acquire Martin Worley Group (MWG). The terms of the transaction were not disclosed. MWG is a privately owned investment manager and is based in Cottonwood Heights. Miller Johnson is serving as legal advisor to MWG.
8/22/2025 CareCloud, Inc. (NasdaqGM:CCLD) acquired an unknown majority stake in certain assets of Medsphere Systems Corporation for $16.5 million. Medsphere develops healthcare information technology solutions and is based in Sandy.
8/27/2025 Fullcast, Inc. acquired Potential Energy Labs, Inc., dba Atrium. On 8/28/2025, Fullcast acquired Ebsta Limited. The terms of the transactions were not disclosed. Fullcast designs and develops RevOps Management Solution, a software for analyzing the sales operations of a company, and is based in Salt Lake City.
8/28/2025 Arbiter, LLC acquired BigTeams, LLC. The terms of the transaction were not disclosed. Based in Sandy, Arbiter develops SaaS-based tools for scheduling, registration, payments, and eligibility verification for athletic departments, school districts, and officiating organizations.
M&A - Financial
8/15/2025 Rockwood Equity Partners, LLC acquired ZERO Manufacturing, Inc. The terms of the transaction were not disclosed. ZERO manufactures and supplies plastic and metal protective cases, enclosures, and parts and is based in North Salt Lake.
Private Placements
8/5/2025 beatBread Limited LLC announced that it has received $124.0 million in funding from Deciens Capital, Mucker Capital, Citigroup Inc., and other investors. beatBread operates as a music and finance company that offers funds to musicians and is based in St. George.
8/6/2025 Nomi Health, Inc. announced that it has raised a round of funding in a transaction that included participation new investor Inspirit Equity, LLC. Based in Orem, Nomi designs, develops, and offers a healthcare platform for care provider connectivity, payment facilitation, claim adjudication, and billing workflows.
8/7/2025 Chemtech-Ford Laboratories announced that it has received a round of funding that included participation from PRV Management, LP. Based in Sandy, Chemtech-Ford provides environmental and analytical services including testing for drinking water, wastewater, groundwater, soil, and hazardous waste.
8/11/2025 Angel Studios, Inc. announced that it has entered into two separate Convertible Promissory Note Purchase Agreements with two separate investors for an aggregate principal amount of $7.0 million. Angel produces and distributes films and television shows by creators through its streaming platform and is based in Provo.
8/19/2025 ConneXio Cloud LLC announced that it has received a round of funding that included participation from Decathlon Capital Partners, LLC. Decathlon is a venture capital firm based in Park City.
8/19/2025 The Better Meat Co. announced that it has received $31.0 million in a round of funding co-led by Future Ventures and Resilience Reserve with participation from EPIC Ventures, Sigma Ventures, and individual investor Glenn Hickman. EPIC is a private equity and venture capital firm based in Salt Lake City.
8/26/2025 Painterland Sisters LLC announced that it has received a round of funding led by The Angel Group Inc. with participation from Spacestation Investments, Scoop Ventures, and other investors. Spacestation is a principal investment firm based in Layton.