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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.

Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed

Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed

{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. Hence, this write-up is designed to specifically focus on Utah's business "news nuggets" from the

West Valley City's 3form has been Acquired for $95 Million by Armstrong World Industries

West Valley City's 3form has been Acquired for $95 Million by Armstrong World Industries

Launched in 2002, 3form generated nearly $96 million in revenue in 2023 as a wholly owned subsidiary of Hunter Douglas Group.

OPINION: The Seven Most Intriguing Startups I Saw at Last Week's Investors Choice Conference

OPINION: The Seven Most Intriguing Startups I Saw at Last Week's Investors Choice Conference

What were the seven most compelling and intriguing businesses that presented during last week's Investors Choice conference? I share my thoughts in this report.

Lehi's PCF Insurance Services Lands $400 Million in New Incremental Debt Financing

Lehi's PCF Insurance Services Lands $400 Million in New Incremental Debt Financing

Following its multiyear, roll-up strategy, PCF is now the 12th largest Property Casualty brokerage in the U.S., plus the 20th largest insurance brokerage in the U.S.

This Week's $200 Million Investment that Few Utahns Know About has Changed Control of a Pioneering Utah Biotech Firm

This Week's $200 Million Investment that Few Utahns Know About has Changed Control of a Pioneering Utah Biotech Firm

Utah's market-leading Brain-Computer-Interface company, Salt Lake City-based Blackrock Neurotech, has sold controlling interest to Tether for a $200 million investment In news that will shock most executives in Utah's business, life sciences, and technology communities, Salt Lake City-based Blackrock Neurotech has sold controlling interest in its

Boart Longyear has been Acquired and Taken Private Following a Convoluted Multiyear Journey that Eventually Valued the Firm at $383 Million

Boart Longyear has been Acquired and Taken Private Following a Convoluted Multiyear Journey that Eventually Valued the Firm at $383 Million

From a 2007 IPO on the Australian Stock Exchange that valued Boart Longyear at over $1.5 billion, this month's acquisition occurred at a price of under $385 million.

Work on $2.74 Billion in Utah Road Projects is Underway (or About to Be), So Start Gritting Your Teeth Now

Work on $2.74 Billion in Utah Road Projects is Underway (or About to Be), So Start Gritting Your Teeth Now

UDOT's plans include "... building new projects to help meet growth demands, maintaining our aging roads and bridges, and building out our transportation network to accommodate drivers, pedestrians and bicyclists.”