Smith Entertainment Group (SEG) acquires 111 acres — formerly The Shops at South Town — as the future site of the Utah National Hockey League (NHL) team’s permanent practice and training facility. SEG also launches a survey inviting fans to help name Utah’s new National Hockey League franchise.
94 Utah companies make the Inc. 5000 list.
The Utah Inland Port Authority announces the approval of the Historic Capitol Project Area in Fillmore City.
Farmstead Manufacturing announces the opening of its production warehouse in Leeds, Utah, which will serve as Farmstead Bakery’s primary production facility.
The Utah Office of Energy Development announces it has been awarded $249,557,047 from the Department of Energy’s Grid Deployment Office for project RELIEF (Reliable Electric Lines: Infrastructure Expansion Framework) — with an additional matching of $252,030,385 by PacifiCorp and Garkane — to deploy advanced high-temperature, low-sag conductor cables, significantly improving grid reliability for 700,000 utility customers across five states and five tribal nations.
Utah State University breaks ground on an academic and community center in Monument Valley to serve students and community members of the Navajo Nation.
Extra Space Storage celebrates 20 years as a publicly traded company.
Lucid Software is named to the Forbes Cloud 100 for the fifth year in a row.
Kizik announces distribution agreements with Taiwan, Italy and Southeast Asia.
Beehive Meals announces plans for a shipping expansion into 12 states and a partnership with Six Sisters’ Stuff.
FiiZ Drinks announces a partnership with Red Bull.
Southern Utah University holds a groundbreaking ceremony for the Joe and Beverly Burgess Family Business Center.
Real estate mogul Brandon Fugal announces the private sale of the land formerly known as Evermore Park.
For the first time, Salt Lake Parade of Homes showcases energy-efficient, emission-free new builds.
EyeCare4Kids opens its second eye care clinic in Utah.
FUNDING
| Recipient | Funding Amount | Led By |
|---|---|---|
| Boostly | $5.6M, Seed | Trestle Partners |
| Carketa | $4.4M, Series A | Capital Eleven |
| SoloSuit | $2M, Seed+ | McPike Global Family Office, Lobster Capital, Mana Ventures, Temerity Impact, Jeffrey Tolk, Tubbs Ventures, David Fox |
M&A ACTIVITY
Acquisitions by Utah companies
- Health Catalyst acquires Lumeon
- PCF Insurance Services acquires 360 Insurance, Asset Insurance Agency, Kentucky Health Solutions and Montalvo Insurance Agency
- Sunroc Corporation acquires Arizona Metro Mix LLC
- Ultradent Products Inc. acquires Medicinos Linija UAB (i-dental)
- Wheeler Machinery Co. acquires Diamond Equipment & Tool Rental
Acquisitions of Utah companies
- Citation Capital acquires a majority stake in Aptive Environmental
- Drilling Tools International Corp. acquires Superior Drilling Products Inc.
- Midland Garage Door acquires Martin Door
- Second Horizon Capital acquires Layton Hills Mall
- Tendit Group, a portfolio company of Osceola Capital, acquires Precision Asphalt Maintenance
- Zimmer Biomet acquires OrthoGrid Systems Inc.
