Smith Entertainment Group officially closes on the agreement that establishes an NHL franchise in Utah.
47G, Utah’s aerospace and defense association, launches “Project Alta” with a mission to establish an advanced air mobility system for Utah.
The David Eccles School of Business inducts Gail Miller into the Hall of Fame exactly 20 years after her late husband, Larry Miller, received the same recognition.
All West Communications connects 30,000 homes on the Wasatch Front to 8 gig fiber internet speeds as a result of their fiber optic expansion project.
Intergalactic introduces a curved design for its patented Boreas3 microtube heat exchangers, optimizing them for cylindrical aerospace applications.
Seoul Robotics successfully deploys its groundbreaking traffic signal system powered by LiDAR sensor data at the intersection of State Street and 5900 South in Murray, Utah.
Waystar Holding Corp. announces the pricing of its initial public offering of 45,000,000 shares of its common stock at a price to the public of $21.50 per share.
Sundance Mountain Resort breaks ground on the forthcoming Inn at Sundance Resort.
Intermountain Primary Children’s Hospital accelerates construction of new family-centered behavioral health center in Taylorsville with $25M state investment.
Leitner-Poma of America inaugurates a new 130,000 sq. ft. facility in Tooele, Utah, investing over $27M. This site, part of their “Made in America” initiative, will create more than 120 jobs, producing cable transport systems for ski and urban markets.
BZI breaks ground on its new innovation park, spanning 825 acres and anchored by BZI’s office headquarters.
Recursion Pharmaceuticals prices its public offering, aiming to raise around $200M led by Goldman Sachs and J.P. Morgan.
The USDA invests $1.16M in 11 clean energy projects in rural Utah through the Rural Energy for America Program.
FUNDING
| Recipient | Funding Amount | Led By |
|---|---|---|
| The Picklr | $59M, Series B | Pickleball Inc. |
| Route | $40M, Series C | Hanaco VC |
| Canary Speech | $13M, Series A | Cortes Capital LLC (Love’s Private Equity) |
| Hona | $9.5M, Series A | Costanoa Ventures |
| Jump | $4.6M | Sorenson Capital |
| Alysio | $3.3M, Seed | Kickstart Fund |
| Ovation | $2M, Series A | TIA Ventures |
| Powered by MRP | DND | Aries Capital Partners, Swell Collective |
M&A ACTIVITY
Acquisitions by Utah companies
- Entrata acquires Colleen AI
- Fast Stop acquires three gas stations in Northern Utah
- Greenix Pest Control acquires four Insight Pest Solutions branches
- Larry H. Miller Megaplex Theatres acquires Water Gardens Theatres
- PCF Insurance Services acquires Ignitist, The Brady Agency, Roseberry Insurance Agency and The Sinnott Agency
- Smith Entertainment Group acquires NHL franchise
Acquisitions of Utah companies
