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Finance

Providing perspective and contextual insights on the monetary aspects of the Finance industry within the state of Utah, from Banking to FinTech and from venture capital to cryptocurrency.

NEWS BRIEF: A 240-Unit Apartment Complex in West Valley City, Utah has Traded Hands in a $32.5 Million Deal Between Two Large Utah-based Investors

NEWS BRIEF: A 240-Unit Apartment Complex in West Valley City, Utah has Traded Hands in a $32.5 Million Deal Between Two Large Utah-based Investors

Provo, Utah-based Peak Capital Partners recently paid $32.5 million to acquire a 240-unit apartment complex in West Valley City, Utah from Logan, Utah-based The Wasatch Group. According to REBusiness Online, the acquired apartment complex — Crossroads Apartments — was built in 1986 and sits on nearly 11 acres at 2240 West

NEWS BRIEF: Two Utah Firms have been Awarded Multiyear U.S. Military Contracts Worth a Combined $56.6 Million

NEWS BRIEF: Two Utah Firms have been Awarded Multiyear U.S. Military Contracts Worth a Combined $56.6 Million

Two Utah-based firms have recently been awarded multiyear contracts by two branches of the U.S. military worth a combined $56.6 million. The first is Ogden, Utah-based Automotive and Industrial Supply Company (AIS), which was recently awarded a three-year contract by the U.S. Air Force worth $46.6

Peterson Partners Just Raised $265 Million for Fund X of its Peterson Private Equity Unit

Peterson Partners Just Raised $265 Million for Fund X of its Peterson Private Equity Unit

When Peterson Private Equity takes on a new portfolio company, its deployed capital falls into one of three categories: 1) Growth Investments, 2) Co-Investments, or 3) Complete Buy-Outs.

South Jordan, Utah-based Canopy Raises $35 Million in New Funding Round

South Jordan, Utah-based Canopy Raises $35 Million in New Funding Round

At least 10 different investment firms have placed their bets on Canopy since its launch in 2014.

Kent Outdoors Lands a $100 Million Credit Facility and Plans to Sell its Kona Bicycles Brand. But What About its Other Non-"Water Sports Businesses?"

Kent Outdoors is trying to sell Kona Bicycles. Fair enough. BUT ... has it also put its two other non-water sports brands up for sale: Arbor Collective and Arctic Shield?

BREAKING NEWS: Utah-based Venafi is Being Bought by CyberArk for $1.54 Billion in Cash and Stock from Private Equity Firm, Thoma Bravo

BREAKING NEWS: Utah-based Venafi is Being Bought by CyberArk for $1.54 Billion in Cash and Stock from Private Equity Firm, Thoma Bravo

"The acquisition is expected to close in the second half of 2024, subject to required regulatory approvals, clearances and other customary closing conditions."

Utah Set a New Record of at Least $39.2 Billion in Equity Deals in 2023 vs. the Previous High of $31.2 Billion Set in 2021, the Latest "Deal Flow Report" Says

Utah Set a New Record of at Least $39.2 Billion in Equity Deals in 2023 vs. the Previous High of $31.2 Billion Set in 2021, the Latest "Deal Flow Report" Says

M&A activity in Utah in 2023 represented over 91.3% of ALL known equity transactions that occurred in the state last year.