Acquisitions in Utah in 2017

GlobalTranz Enterprises, Inc. has acquired Apex Logistics Group, a Utah-based freight brokerage and logistics firm. The deal pairs Apex’s temperature-controlled and truckload brokerage expertise and customer base with GlobalTranz’s technology-driven logistics platform to expand capabilities and service offerings for shippers.

American Crafts, a Lindon, Utah-based maker and distributor of craft products, has purchased BoBunny Press, the papercrafting brand founded by Jan Lanoy in Layton, Utah. The acquisition brings BoBunny's design team into American Crafts and ensures continued production and distribution of the BoBunny product line as the founder retires.

Tredegar Corporation’s subsidiary The William L. Bonnell Company, Inc. (Bonnell Aluminum) agreed to acquire 100% of Futura Industries Corporation for approximately $92 million in a net debt-free, asset purchase expected to close by mid‑February 2017. Futura, headquartered in Clearfield, Utah, (≈350 employees) supplies extruded aluminum products and OEM components for end markets including flooring trims, truck grills and solar panels; the deal is expected to be immediately accretive to Tredegar's ongoing earnings and expands Bonnell's presence in the western U.S.

Arthur J. Gallagher & Co. acquired The Presidio Group, Inc., a Salt Lake City-based retail insurance broker focused on risk management and employee benefits. Terms were not disclosed; founder John Schlichte and his associates will continue to operate under Gallagher's Western brokerage leadership as the firm expands its Western U.S. capabilities.

Symantec Corporation agreed to acquire Altiris Inc. for approximately $830 million in cash ($33 per share) to expand its presence in the corporate software market. The deal, announced by Symantec, is expected to close in the second quarter pending regulatory and shareholder approvals and is intended to strengthen Symantec's enterprise management and IT asset-management capabilities.