Campbell’s celebrates its $160M investment in the Richmond, Utah, bakery expansion, opening a new Goldfish production line and adding 85 additional jobs to the area.
The Utah Film Commission announces the Utah Board of Tourism Development approval of four new productions for state film incentives, generating an estimated economic impact of $7.8M and approximately 300 new jobs.
rPlus Energies breaks ground on the Green River Energy Center, a 400MW solar PV and 400 MW/1,600 megawatt-hour battery storage project in Eastern Utah — one of the largest solar-plus-storage projects under construction in the nation.
Angel Studios enters into a definitive agreement to become a publicly listed company through a business combination with Southport Acquisition Corporation.
X-Caliber Rural Capital’s affiliate, XRL-ALC, LLC, closes a $100M bridge loan to support Phase I development of Fervo Energy’s Cape Station project in Beaver County, Utah.
Torus Inc. installs its advanced storage and management system at Trolley Lane, an affordable housing complex in Salt Lake City, reducing energy costs and improve efficiency for businesses.
Colliers becomes the exclusive leasing agent for 2.3 million square feet of office space at The Point, a historic mixed-use site encompassing 6.3 million square feet in Draper, Utah.
Utah’s Office of Homeless Services officially opens the Microshelter Community with the support of the selected site operator, Switchpoint.
Owlet Inc. announces 3,135,136 shares of Class A common stock are being sold at a public offering price of $3.70 per share, before underwriting discounts and commissions.
Utah land managers finalize a voluntary agreement with Compass Minerals to permanently direct over 200,000 acre-feet of water to the Great Salt Lake every year.
LVT unveils its next-generation Command Center designed to give security operators unrivaled control over their video security systems.
Clene Inc. announces the sale of 1,546,914 shares through multiple offerings, including a registered direct offering and concurrent private placements, at prices of $4.713 and $4.875 per share, before underwriting discounts and commissions.
FUNDING
| Recipient | Funding Amount | Led By |
|---|---|---|
| Strider Technologies | $55M, Series C | Pelion Venture Partners |
| Angel Studios | $20M, Reg A+ | |
| Scientia Vascular | $14M | Piper Sandler Merchant Banking |
| ReferPro | $2.7M, Seed | RevRoad Capital |
M&A ACTIVITY
Acquisitions by Utah Companies
- Alsco Uniforms acquires Churchill Linen
- Complete Solar Holdings Inc. acquires SunPower
- DigiCert acquires Vercara
- Miracle Mile acquires Madison Towns
- MyHeritage acquires MesAieux.com
- RainFocus acquires WebEvents Global
Acquisitions of Utah Companies
- American Holt acquires Servi-Tech Inc.
- CSC Generation Enterprise acquires Backcountry
- L Catterton acquires a majority stake in [solidcore] from VMG Partners, Kohlberg & Company, and Peterson Partners
- Peachtree Group acquires AC Hotel by Marriott
- RoadSafe Traffic Systems Inc. acquires All Star Striping
- SCF Partners acquires DeltaValve
