Utah Deal Intelligence - June 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
6/3/2025 Catalis Dental Lab Partners acquired Revolution Dental Lab. The terms of the transaction were not disclosed. Revolution is a full service lab specializing in crown and bridge, flexible and traditional partials, implants, full dentures, and orthodontic appliances and is based in Sandy. As part of the acquisition, Revolution has rebranded as Pan-Am West.
6/3/2025 Fullcast, Inc. acquired Commissionly Limited. The terms of the transaction 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.
6/3/2025 SpendMend LLC acquired Mazree, LLC. The terms of the transaction were not disclosed. Mazree designs and develops an auction platform where buyers and sellers of medical equipment connect and is based in Salt Lake City.
6/11/2025 TruGolf Holdings, Inc. (NasdaqCM:TRUG) agreed to acquire Josh, LLC, dba mlSpatial. The terms of the transaction were not disclosed. TruGolf, through its subsidiary, engages in the design, development, manufacture, and sale of golf simulators for residential and commercial applications and is based in Centerville.
6/15/2025 Caselle, Inc. acquired Dallas Data Systems, Inc. The terms of the transaction were not disclosed. Caselle designs and develops government accounting and utility billing software and is based in Provo.
6/23/2025 Alsco Inc. acquired Topper Linen Supply Limited. The terms of the transaction were not disclosed. Based in Salt Lake City, Alsco provides rental, leasing, and laundry services for linens and uniforms for automotive, building services, food processing, healthcare/clinic, industrial, and restaurant industries.
6/24/2025 Nexus IT Consultants LLC acquired BluePeak Technology Solutions LLC. The terms of the transaction were not disclosed. Nexus provides IT support services and is based in Salt Lake City.
6/24/2025 Ken Garff Automotive, LLC acquired Gateway Chevrolet, Inc. The terms of the transaction were not disclosed. Ken Garff Automotive retails new and used vehicles and is based in Salt Lake City.
6/30/2025 Salt Lake Valley Auto Group acquired Larry H. Miller Chevrolet, Larry H. Miller Ford, and Larry H. Miller Chrysler Jeep Dodge Ram. The terms of the transaction were not disclosed. Salt Lake Valley Auto Group owns and operates automotive dealerships and is based in Salt Lake City. The three acquired Larry H. Miller dealerships are located in Provo. Holland & Knight LLP served as legal advisor to Salt Lake Valley Auto Group.
M&A - Financial
6/4/2025 Savory Fund acquired an unknown majority stake in Bonrue Bakery. The terms of the transaction were not disclosed. Based in St. George, Bonrue (formerly Farmstead) is a traditional European style bakery offering fresh baked bread, cakes, pies, pastry, donuts, sandwiches, salads, and other items. Savory Fund is a private equity firm based in Lehi.
6/30/2025 CenterOak Partners LLC acquired an unknown majority stake in NOW CFO, LLC. The terms of the transaction were not disclosed. NOW CFO operates as a full-service outsourced operational accounting and financial consulting company and is based in Salt Lake City.
Private Placements
6/3/2025 Conquest Firespray LLC announced that it has received a round of funding that included participation from new investor Decathlon Capital Partners. Decathlon is a venture capital firm based in Park City.
6/4/2025 Hypercraft, Inc. announced that it has received $26.0 million in its Series A round of funding led by returning investor Stalwart Ventures with participation from new investor Strategic Development Fund. Based in Provo, Hypercraft designs and develops advanced powertrains for vehicle OEMS and defense, across all verticals. Stalwart is a seed-stage venture fund based in Provo.
6/9/2025 Nexus IT Consultants LLC announced that it has received a $60.0 million capital commitment from new investor Metropolitan Partners Group. Nexus provides IT support services and is based in Salt Lake City.
6/11/2025 Cyan Robotics, Inc., dba Coco, announced that it has received a round of funding led by returning investor SNR Ventures with participation from returning investors Sam Altman, Max Altman, Pelion, Inc., Outlander Labs, and other investors. Pelion is a venture capital firm based in Draper.
6/12/2025 Hawkers, LLC announced that it has received a round of funding from new investor Savory Fund, a private equity firm based in Lehi. Golenbock Eiseman Assor Bell & Peskoe LLP served as legal advisor to Hawkers and to Savory.
6/16/2025 HydroBlok North America LLC announced that it has received $6.0 million in an extended Series A round of funding led by Pier 88 Investment Partners, LLC and Andina Capital Partners. HydroBlok manufactures and distributes lightweight, 100% waterproof construction panels for interior and exterior applications and is based in Draper. Andina Capital is a Lehi-based financial planning and wealth management firm offering both personal and family office services.
6/18/2025 Trucordia announced it will receive a $1.3 billion strategic investment from global investment firm Carlyle's Global Credit platform. Trucordia, formerly PCF Insurance Services, is the group name for a top 20 U.S. insurance brokerage headquartered in Lindon. Orrick, Herrington & Sutcliffe LLP served as legal advisor to Trucordia.
6/24/2025 Amplēo LLC has received a strategic investment from Unity Partners LP in partnership with Amplēo management and Brooks Growth Partners, led by Amplēo Board member Jeremiah Jewkes. Amplēo provides fractional finance, marketing and HR managed professional services to small and mid-sized businesses and is based in Salt Lake City. Bennett Tueller Johnson & Deere LLC served as legal advisor to Amplēo.
6/24/2025 Intermark Steel, LLC announced that it has received funding that included participation from new investor Advantage Capital Management Corporation. Intermark is a steel fabrication company based in Price.