Acquisitions in Utah in 2020

Riata Capital Group completed a recapitalization of Greenix Pest Control in partnership with CEO Bob Nilsen and the company's management team. Greenix is a subscription-based residential pest control platform operating in 14 markets across the Midwest, Mid-Atlantic and Eastern United States; Riata plans to support the company's continued expansion and pursue synergistic add-on acquisitions.

PointClickCare Technologies has completed the acquisition of Collective Medical, combining PointClickCare's cloud-based post-acute dataset with Collective Medical's real-time, cross-continuum care coordination network. The deal brings together complementary SaaS platforms to provide deeper, point-of-care patient insights across acute, ambulatory, post-acute and payer settings; terms were not disclosed.

Rent-A-Center, Inc. (NASDAQ: RCII) has entered into a definitive agreement to acquire Acima Holdings LLC for $1.273 billion in cash plus approximately 10.8 million Rent‑A‑Center shares (valued at about $377 million). The deal—expected to close in H1 2021—adds Acima’s virtual lease-to-own fintech capabilities and national retail/e‑commerce partnerships to accelerate Rent‑A‑Center’s omnichannel LTO platform and long-term growth.

Boston Omaha Corporation, through its wholly owned subsidiary FIF Utah LLC, has agreed to acquire substantially all of the assets of Utah Broadband, LLC for $21.6 million in cash plus a 20% membership interest in FIF Utah issued to Utah Broadband's CEO Steve McGhie. The transaction (expected to close within ~30 days subject to customary conditions) will leave Mr. McGhie with a 20% ownership stake and gives Boston Omaha an 80% initial stake as it plans significant capital investment to expand fiber-to-the-home service across the region.

Fortis Solutions Group LLC, a portfolio company of Main Post Partners, has acquired Kala Packaging LLC, a printer of pressure-sensitive labels and flexible packaging based in Orem, Utah. Kala serves the food & beverage, health & beauty, and nutraceutical end-markets; the deal is an add-on to Fortis's platform as it continues to expand its product offerings and geographic footprint.

KLH Capital, alongside J2 Partners, invested in Jackson Infrastructure Services to recapitalize B. Jackson Construction and Engineering, LLC and certain affiliates. Founder and CEO Bart Jackson will remain in place as the firms provide liquidity and capital to support growth across telecom, power, gas and other infrastructure markets.

Thoma Bravo has completed a strategic growth investment in Venafi, the inventor and market leader in machine identity management, valuing the company at $1.15 billion. The capital will be used to accelerate Venafi's product innovation and global growth while existing investors TCV and Foundation Capital remain shareholders.

Wilson Electronics has acquired SignalTeQ, the maker of the CellLinQ Meter + App, to integrate SignalTeQ's cellular site-surveying tools into Wilson's professional installation workflow. The purchase aims to streamline commercial installations of Wilson's cellular signal amplifiers, improving installation speed and reliability for integrators and enterprise customers.

Exterro Inc., a portfolio company of Leeds Equity Partners, acquired AccessData to combine digital forensics, e-discovery and Legal GRC capabilities into a single integrated enterprise platform. The deal, announced December 3, 2020, brings AccessData’s forensic tools (including FTK) and ~500 employees into Exterro’s offering to accelerate product innovation and broaden coverage across corporate, government and legal end markets; terms were not disclosed.

Pharos Capital Group, through its Family Treatment Network platform, has acquired Catalyst Behavioral Solutions, an outpatient mental and behavioral health provider based in Layton, Utah. The add-on expands FTN's adolescent and autism-focused services into Utah; terms were not disclosed and Catalyst's existing management will remain in place.

Area Wide Protective (AWP), a North American traffic control services provider, acquired Utah-based Traffic Safety Rentals (TSR) to expand its presence in the Salt Lake City and Ogden markets. The acquisition advances AWP's national growth strategy by strengthening its service footprint for utility, roadway maintenance and construction customers in the western United States.

NetSPI has acquired Silent Break Security, a Lehi, Utah-based penetration testing and adversary simulation firm, to expand its offensive security capabilities and integrate Silent Break's software into NetSPI's Resolve PTaaS platform. Brady Bloxham, Silent Break's founder, will become NetSPI's Chief Technology Officer and the Silent Break team will continue operating from Lehi and across the U.S.

MeridianLink has signed a definitive agreement to acquire certain assets of TazWorks, the developer of the TazCloud background screening platform and suite of screening applications. The acquisition is intended to complement MeridianLink’s Mortgage Credit Link business and accelerate product development and API capabilities for consumer reporting agencies and screening customers.

RV Retailer, LLC, a Fort Lauderdale-based RV retail operator, acquired Sierra RV in the Salt Lake City market, marking RV Retailer’s first location in Utah and expanding its Western U.S. footprint. The acquisition adds a 90,000 sq. ft. flagship dealership with a 32-bay service center and roughly 80 employees to RV Retailer’s network of stores.

PDF Solutions, Inc. has entered into a definitive agreement to acquire Cimetrix Incorporated for $35.0 million net of cash. The acquisition combines Cimetrix's factory equipment connectivity products and Sapience cloud platform with PDF Solutions' Exensio analytics to improve data quality and deliver advanced analytics and ML-driven intelligence for semiconductor and electronics manufacturing.

DW Healthcare Partners, a healthcare-focused private equity firm, announced an investment in CareXM, a provider of virtual care and patient engagement solutions used by home health, hospice, physician practices and hospitals. The capital will support CareXM's continued product development and expansion of its 24/7 HIPAA-compliant virtual care and clinical nurse triage services across the United States.

Online Education Services (OES) has acquired a majority stake in Construct, a provider of online learning design and course production. The deal makes Construct a majority-owned subsidiary of OES and aims to broaden service capabilities and expand OES's presence in the US, UK and South Africa while enhancing learning design, analytics and global client support.

Inszone Insurance Services has acquired ISU Wiseman Insurance, marking the company’s entry into the Utah market and expanding its physical presence in the western United States. The acquisition brings the long-standing local agency (founded 1935) into Inszone’s national brokerage platform to grow local relationships and bolster personal and commercial lines capabilities.

Parkland Corporation, through its wholly owned U.S. subsidiaries (Parkland USA), agreed to acquire all assets of Sevier Valley Oil Company, Inc. (SVO), a Richfield, Utah–based retail and commercial fuel business. The deal adds seven company retail locations, more than 20 retail dealers and approximately 350 million litres of annual fuel and petroleum product volume, expanding Parkland's U.S. retail and distribution footprint in southern Utah and the surrounding Rockies region.

Global investment firm KKR has agreed to acquire 1-800 Contacts, the largest U.S. contact lens retailer, from AEA Investors. The deal funds continued growth of 1-800 Contacts' direct-to-consumer platform and telemedicine capabilities, including products such as ExpressExam and recent acquisitions like 6over6 and Liingo.

Arcline Investment Management acquired a controlling stake in Integrated Medical Holdings (IMH) from founder Bob Winters. IMH provides catheter tipping and hole-punching equipment as well as vertically integrated catheter contract manufacturing services and will join Arcline’s medical-oriented manufacturing equipment platform alongside Glebar, SYNEO and Everite Machine Products.

Atlanta-based Mammoth Holdings has acquired Papa's Express Tunnel Car Wash, an express conveyor car wash in Saratoga Springs, Utah. The deal expands Mammoth's presence in Utah County to five stores and is consistent with its strategy of acquiring operator-run car washes; Mammoth is PE-backed via a partnership with Red Dog Equity.

ConnectWise, a portfolio company of Thoma Bravo, acquired cybersecurity firms StratoZen and Perch Security to expand its Fortify security management and unified Asio/Fusion platform capabilities for MSPs/TSPs. StratoZen (Salt Lake City) provides a SOAR platform and managed security services to ~1,000 organizations, while Perch offers an MSP-designed SIEM; both will be integrated into ConnectWise's security and SOC offerings.

Allegis Advisor Group has acquired Beacon Financial, Inc., a national insurance marketing organization that specializes in annuities, life insurance and Medicare, and will merge Beacon into Allegis. The deal expands Allegis's capabilities and talent pool to provide affiliated advisors broader insurance solutions, Medicare planning, lead generation and advanced market support.

AmeriLife Group, LLC acquired Secure Administrative Solutions (SAS) from holding company A-CAP to expand its third-party administrator (TPA) capabilities. The deal brings SAS's Medicare supplement, fixed annuity and life administration services into AmeriLife's TPA family to enhance turnkey solutions for carriers, agents and consumers.

ICON Health & Fitness announced a $200 million growth investment led by L Catterton, with existing investor Pamplona Capital Management also participating. The funding will accelerate growth of ICON’s connected fitness business — including brands NordicTrack, ProForm and Freemotion — and expand its iFit subscription platform.

Charles Thayne Capital, a growth-oriented private investment firm, has acquired World Archives, the operator of NewspaperArchive.com. The firm is partnering with former Ancestry.com executives Kendall Hulet (CEO) and Brandon Camp (CMO) to accelerate product and subscriber growth for the historical newspaper and genealogy platform.

EP Wealth Advisors, a Torrance, California-based RIA, acquired The Insight Group, Inc. and Financial Insight Center, LLC—two Utah-based wealth management firms—in a deal that closed Sept. 30, 2020. The acquisition expands EP Wealth's geographic footprint into Utah and increases its assets under management by more than $1 billion; founding owners of Insight will join EP Wealth's leadership team.

Vancouver-based private equity firm CAI Capital Partners has made a growth investment in CMT Engineering Laboratories, a Salt Lake City–headquartered provider of civil and geotechnical engineering, land surveying, and construction materials testing services. The existing owner-managers, led by President Doug Watson, retain a meaningful equity stake and will remain in their current roles as CAI supports geographic and service-line growth.

VMware announced the acquisition of SaltStack, a Lehi, Utah-based enterprise automation and security software company, from Mercato Partners' Traverse Growth Fund III for an undisclosed amount. The deal brings SaltStack’s event-driven infrastructure and vulnerability management capabilities into VMware’s cloud, networking and security portfolio to expand its automation and SecOps offerings.

Shaddock National Holdings, the national title and escrow growth arm of The Shaddock Companies, has acquired U.S. Title, a Utah-based full-service title agency founded in 1980 with 14 branches across the state. The transaction expands Shaddock's footprint in the title and escrow market and consolidates U.S. Title's operations under Shaddock's national platform.

Fragomen has acquired SimpleCitizen and will incorporate the business into a new subsidiary, Fragomen Technologies Inc., to enhance its client-facing immigration technology and workflow automation. SimpleCitizen's team will remain in place as Fragomen integrates the platform to scale across countries and case types, leveraging AI to improve case processing and reporting.

Logan, Utah-based Malouf has acquired Salt Lake City-headquartered retailer Downeast, combining Malouf’s bedding, home and wholesale capabilities with Downeast’s apparel retail footprint. The deal was completed after discussions that began in late 2019 and is intended to align product offerings, expand channels, and leverage technology and retail capabilities across both businesses.

JMD Properties, Inc. announced the acquisition of Stella Diagnostics, LLC via a preferred stock transaction and will change its corporate name to Stella Diagnostics, Inc. The deal positions the public company to pivot into the molecular diagnostics / biotech sector to commercialize Stella’s oncology-focused assays for esophageal disease.

Appriss Inc., a provider of technology, data, and analytics solutions, acquired Utah-based Typhoon Data to expand its healthcare sanctions and credentialing data offerings and integrate those capabilities into the Appriss Insights platform. The acquisition adds Typhoon's healthcare compliance and credentialing data products, enhancing Appriss' ability to mitigate workforce and compliance risk for healthcare customers and consumer reporting agencies.

Milliman, Inc. acquired Torch Insight from Leavitt Partners to combine Torch Insight's healthcare market data and analytics with Milliman's MedInsight ecosystem. The deal expands Milliman's SaaS health market intelligence capabilities, providing clients a more comprehensive, market-centered analytics solution.

TA Associates has signed a definitive agreement to make a strategic growth investment in Ivanti, joining existing investor Clearlake Capital. The funding will support Ivanti's product innovation, accelerate global and organic growth, and provide capital for continued acquisition activity; management will remain led by CEO Jim Schaper.

Dynata has acquired Sharpr, an AI-powered knowledge management and content syndication platform, and will integrate Sharpr’s capabilities into the Dynata Insights Platform to enable better discovery, sharing and publishing of research across organizations. The acquisition expands Dynata’s data and insights offering by adding market and competitive intelligence, searchable insight repositories and custom publishing tools to its platform.

Blackstone's private equity funds have entered a definitive agreement to acquire Ancestry from Silver Lake, GIC, Spectrum Equity, Permira and other equity holders for an enterprise value of $4.7 billion; GIC will retain a significant minority stake. Blackstone said it will partner with Ancestry's management to invest in data, product development and global expansion of the company's family history and consumer genomics platform, which has more than 3 million paying subscribers and roughly $1 billion in annual revenue.

Alera Group acquired Banasky Insurance Inc., effective August 1, 2020, marking Alera Group's first location in Utah. Banasky Insurance, with locations in Price and Draper (headquartered in South Jordan), provides property & casualty, life & health and personal lines with expertise in builder's risk and commercial fleet coverages; terms were not disclosed.

An investor group of private entrepreneurs — Charlie Johnson, Will Armenta and Ebi Lange — acquired 4FRNT Ski Company from Jason Levinthal on July 31, 2020. 4FRNT is a direct-to-consumer ski manufacturer that transitioned from traditional retail distribution to an ecommerce DTC model prior to the sale; terms were not disclosed.

Carlson Private Capital Partners led an investment in Pattern, a global ecommerce marketplace platform founded by Melanie Alder and David Wright, with co-investments from KSV Global, Ainge Advisory, and Duchossois Capital Management. The growth capital injection is intended to support Pattern’s expansion and its data-driven marketplace services that help brands grow profitability across marketplaces like Amazon, Walmart, eBay and international channels.

REPAY Holdings Corporation (NASDAQ: RPAY) acquired cPayPlus, an accounts payable automation provider headquartered in Salt Lake City, UT, for up to $16.0 million (approximately $8.0 million paid at closing with up to $8.0 million earnout). The acquisition strengthens REPAY’s AP automation capabilities to complement its AR and payments offerings and accelerates cross-sell opportunities across REPAY’s B2B and automotive customer base.

BV Investment Partners made a minority/growth investment in Becklar, the Ogden, Utah–based parent company of Freeus and AvantGuard. The capital will support organic growth, product and software development, expanded monitoring capabilities and pursuit of M&A opportunities while founder and CEO Josh Garner retains a sizeable equity stake and remains engaged.

AMP Smart, a residential security and smart-home services provider based in American Fork, Utah, completed a growth capital investment with Seacoast Capital and St. Cloud Capital. Together with a renewed senior debt facility, the financing creates a growth capital structure in excess of $60 million to support AMP Smart's nationwide expansion and salesforce growth.

Mastercard has agreed to acquire Finicity, a Salt Lake City-based provider of financial data APIs and analytics, for $825 million plus up to $160 million in potential earn-outs. The acquisition strengthens Mastercard's open banking capabilities and expands its data and account verification offerings for banks, fintechs and lenders in North America and beyond.

Rubicon Technology Partners has made a strategic majority investment in Central Logic to accelerate the healthcare SaaS company's growth through product innovation, sales expansion, delivery and customer support, and to pursue acquisition opportunities. Central Logic, a patient-orchestration SaaS provider for health systems, will work with Rubicon to scale its platform and expand market penetration; Ziegler served as advisor to Central Logic on the transaction.

Logan, Utah–based Malouf has acquired full-line furniture resource Salt Flat, expanding Malouf's offerings beyond bedding into bedroom, dining, upholstery, storage, office and outdoor residential furniture. Salt Flat will operate as an independent brand under Malouf (with Mason Niederhauser remaining president); the companies did not disclose financial terms and initial fulfillment will include container-direct orders and distribution through Malouf's centers.

Buy Box Experts, a Lindon, Utah–based Amazon performance marketing agency, has acquired Egility of Pleasant Grove, Utah to combine capabilities in Amazon advertising, listing optimization and account management. The deal brings advertising expertise and additional account-management resources to the combined business, which will continue to be led by Buy Box Experts CEO Joseph Hansen and headquartered in Lindon, Utah.

RLG Capital and Trinity Investors led a $38 million recapitalization of learning-technology company eLearning Brothers, with co-investors HCAP Partners and Eagle Marsh Holdings and senior debt provided by KeyBank. The financing enables eLearning Brothers to simultaneously acquire Trivantis and Edulence (KnowledgeLink), combining authoring tools (Lectora), VR builder (CenarioVR), an LMS (KnowledgeLink) and content/licensing into an integrated corporate learning platform.