Utah’s Olympic bid team pitches the state’s vision for the 2034 Winter Games to Olympic Winter Federations in a virtual presentation.
The Elizabeth Smart Foundation, Fight the New Drug and the Malouf Foundation form the Prevention and Healing and Against Sexual Exploitation (PHASE) Alliance, aiming to reduce victimization through a network of prevention and healing programs.
The Kem C. Gardner Policy Institute releases a report detailing that Utah’s international goods exports in 2023 totaled $17.4B, generating over $4B in earnings and 71,891 jobs.
Peterson Partners’ private equity business, Peterson Private Equity, closes $265M in Fund X.
Comcast announces a $138M multi-gig speed fiber network expansion in Box Elder, Davis, Salt Lake, Summit, Tooele, Utah, Wasatch, Weber and Utah counties.
The University of Utah Health breaks ground on the James Levoy Sorenson Center for Medical Innovation.
Former President George W. Bush offers a keynote at the Crossroads of the World International Trade Summit, hosted by Zions Bank and World Trade Center Utah.
Bridor, a top producer of premium-quality bakery products and Viennese pastries sold in more than 100 countries, announces its investment in a new manufacturing facility in Greater Salt Lake City, Utah — its fifth plant in North America.
Ionic Mineral Technologies (Ionic MT) announces a major expansion of its production facility in Provo, Utah. This expansion brings Ionic MT’s total facility footprint to over 74,000 square feet.
Torus celebrates the grand opening of its new 44,000-square-foot headquarters in South Salt Lake.
Smarty, a pre-eminent provider of address data solutions, announces its service partnership with Uber Technologies Inc.
Domo announces that ESPN is using Domo App Studio to enhance its customer service experience.
Hexcel Corporation and Fairmat announce a 10-year agreement to recycle carbon fiber composite materials from its recently-opened recycling facility — the largest high-performance carbon fiber manufacturing facility in North America — for reuse in composite materials sold into various commercial markets.
Executives of Granite Credit Union and Rancho Markets partner to bring Salt Lake Valley’s first full Spanish-speaking in-store financial branch to Rancho Market stores.
SkyShare unveils an industry-leading financing option for fractional aircraft ownership.
Gabb launches Gabb Music+, a safe music streaming service for kids.
Just Ingredients announces new partnerships with The Salt Lake Bees and The Utah Royals.
Kizik announces the opening of two new stores — one at the Mall of America and another at King of Prussia — as part of the brand’s new brick-and-mortar retail expansion strategy.
FUNDING
| Recipient | Funding Amount | Led By |
|---|---|---|
| Canopy | $35M | Ten Coves Capital, Ankona Capital |
| Zanskar Geothermal & Minerals | $30M | Obvious Ventures |
| Videra Health | $5.6M, Seed II | Peterson Ventures |
M&A ACTIVITY
Mergers
- 47G merges with Utah’s Advanced Materials and Manufacturing Institute (UAMMI)
Acquisitions by Utah companies
- Capital Community Bank (CCBank) acquires Security Home Mortgage
- EnviroServe Inc. acquires CG Environmental - The Cleaning Guys
- PACS acquires the operations of 53 skilled nursing and assisted/independent living facilities across eight states
- PCF Insurance Services acquires Encore Advisors and All Star Insurance
- Sky Zone acquires three existing parks in Laveen, Arizona; Palmdale, California and Vacaville, California
Acquisitions of Utah companies
- CommonSpirit Health acquires Salt Lake Regional Medical Center in Salt Lake City; Davis Hospital and Medical Center in Layton; Jordan Valley Medical Center in West Jordan; Jordan Valley Medical Center-West Valley Campus; and Mountain Point Medical Center in Lehi, and their affiliated clinics
- EasyKnock acquires HomePace
- IRIS Software Group acquires Swipeclock
- Rubicon Bakers acquires Lucky Spoon Bakery
- Turnspire Capital Partners LLC acquires Ashland Nutraceuticals
