Utah Deal Intelligence - March 2026

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

3/5/2026 Govineer Solutions LLC acquired TrueBill Solutions. The terms of the transaction were not disclosed. Govineer develops and provides financial and utility billing software applications and is based in Provo.

3/6/2026 GreenArrow Inc. acquired The Narwhal Group. The terms of the transaction were not disclosed. Narwhal operates as a full-service technology company and is based in Salt Lake City.

3/9/2026 Alsco Inc. acquired Advanced Uniform Dust Control & Linen, LLC. The terms of the transaction were not disclosed. Alsco provides rental, leasing, and laundry services for linens and uniforms for automotive, building services, food processing, healthcare/clinic, industrial, and restaurant industries and is based in Salt Lake City.

3/9/2026 Ascend Staffing acquired The Temp Connection. The terms of the transaction were not disclosed. Ascend offers employment and staffing services and is based in North Salt Lake.

3/10/2026 Hirevue, Inc. acquired Hireguide PBC. The terms of the transaction were not disclosed. HireVue develops a talent interaction platform designed to offer digital screening and video interviewing of job applicants and is based in Sandy.

3/10/2026 Associate Owners Group, Inc. (AOG) acquired Common Sense Financial Solutions LLC. The terms of the transaction were not disclosed. Common Sense provides tax qualified planning, life insurance, premium finance, senior planning, annuities, debt management, and estate planning services and is based in American Fork. AOG is a holding corporation that unites affiliate insurance agencies, broker-dealers, RIAs, and vendors under a shared equity structure in financial services and is based in St. George.

3/10/2026 Medtronic plc (NYSE:MDT) agreed to acquire Scientia Vascular, Inc. in a transaction valued at $550.0 million. Scientia develops and manufactures neurovascular access products and therapeutic devices using proprietary microfabrication technology and is based in West Valley City.

3/10/2026 Iida Group Holdings Co. Ltd. (TSE:3291) agreed to acquire a 51% stake in Wright & Associates, LLC for $38.2 million. Wright engages in development, construction, and selling of detached houses and is based in Draper.

3/11/2026 Autonomous Solutions, Inc. acquired Scythe Robotics, Inc. The terms of the transaction were not disclosed. Based in Mendon, Autonomous Solutions is an industrial vehicle automation provider and developer of the Mobius autonomous fleet management system.

3/12/2026 Inszone Insurance Services, Inc acquired Charles James Cayias Insurance Inc. The terms of the transaction were not disclosed. Charles James operates as an insurance agency and is based in Salt Lake City.

3/16/2026 Chris Hemmersmeier, President and CEO of Jerry Seiner Dealerships, acquired Hello Subaru of Valencia. The dealership was renamed Jerry Seiner Subaru. The terms of the transaction were not disclosed. Jerry Seiner Dealerships provides vehicle franchises under the Chevrolet, Cadillac, Buick, GMC, Kia, and Chrysler brand names and is based in Salt Lake City.

3/17/2026 Ampleo Marketing Services LLC acquired CMO Zen, LLC. The terms of the transaction were not disclosed. CMO Zen operates as a fractional CMO company that focuses on scaling marketing operations for early-stage businesses and is based in Pleasant Grove. Ampleo offers CMO and marketing services and is based in Lehi.

3/23/2026 Zions Bancorporation, National Association (NasdaqGS:ZION) agreed to acquire the agency lending business of Basis Multifamily Finance I, LLC, a subsidiary of Basis Investment Group. The terms of the transaction were not disclosed. Zions provides various banking products and related services and is based in Salt Lake City. Allen Overy Shearman Sterling US LLP is serving as legal advisor to Zions.

3/24/2026 Associate Owners Group, Inc. (AOG) acquired Canyon Insurance, LLC. The terms of the transaction were not disclosed. Canyon is a provider of commercial and personal property and casualty insurance and is based in Mapleton. AOG is a holding corporation that unites affiliate insurance agencies, broker-dealers, RIAs, and vendors under a shared equity structure in financial services and is based in St. George.

3/30/2026 Red Cat Holdings, Inc. (NasdaqCM:RCAT) acquired Apium Swarm Robotics, Inc. The terms of the transaction were not disclosed. In a separate transaction on 3/30/2026, Red Cat entered into a Share Purchase Agreement to acquire Quaze Technologies Inc. for $30.0 million. Red Cat, together with its subsidiaries, provides drone and robotic solutions for defense, national security, and commercial applications in the U.S. and is based in South Salt Lake.

M&A - Financial

3/3/2026 Solen Software Group, Inc. acquired Spokane Software Systems Inc. The terms of the transaction were not disclosed. Solen is a private equity and venture capital firm based in Salt Lake City.

3/10/2026 Green Courte Partners, LLC acquired Park n' Jet. The terms of the transaction were not disclosed. Park n' Jet provides airport parking and ground transportation services and is based in Salt Lake City.

Private Placements

3/3/2026 Persimmon.life, Inc. 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.

3/5/2026 Hinckley Medical LLC announced that it has received a round of funding led by new investor M25 Group with participation from CoFound Partners, LLC. CoFound is a venture capital firm based in Salt Lake City.

3/10/2026 Rasa Public Benefit Corporation announced that it has received $5.0 million in a round of funding led by new investor Rethink Education Management LLC with participation from Halogen Ventures Management Company, LLC, Social Finance Ltd, and others. Rasa provides legal clearance services and is based in South Salt Lake.

3/11/2026 Stake Network, Inc. announced that it has received $8.0 million in a round of funding led by new investor LAGO Asset Management, LLC with participation from Hamilton Ventures, Hub Angels Investment Group, LLC, RETV Management LLC, Blue Field Capital, LLC, and others. Blue Field is a private equity and venture capital firm based in Midvale. RETV is a private equity and venture capital firm based in Park City.

3/16/2026 Outlook Therapeutics, Inc. (NasdaqCM:OTLK) announced that it has entered into a Note Purchase Agreement and received $18.4 million in a transaction that included participation from new lender Atlas Sciences, LLC. Atlas is a private lender based in Lehi.

3/17/2026 CometChat Inc. announced that it has received $6.5 million in a round of funding that included participation from returning investor Run Ventures, a private equity and venture capital firm based in Salt Lake City.

3/23/2026 Novaworks, Inc. announced that it has received $8.0 million in a round of funding led by RevRoad with participation from ServiceNow Ventures and Bell Ventures. RevRoad is a venture capital and private equity firm based in Provo.

3/25/2026 Qualified Health PBC announced that it has received $125.0 million in a round of funding led by new investor New Enterprise Associates, Inc. with participation from Transformation Capital Partners, LP, Greatpoint Investment Management, LLC, Intermountain Ventures, and others. Intermountain Ventures is a private equity and venture capital arm of Intermountain Healthcare and is based in Salt Lake City.

3/26/2026 Clasp Group Inc. announced that it has received $20.0 million in a round of funding co-led by new investors Digitalis Ventures and CrossLink Capital, Inc. with participation from Juvo Ventures, Strada Education Foundation, Inc and other investors. Juvo is a venture capital firm based in Salt Lake City.