Utah's Top 19 Financial and Business News Nuggets from the First Half of May 2024 that You Might have Missed NOTE: This writeup includes news about 20 Utah-based firms, 18 separate executives, and the death of one former public official.
NEWS BRIEF: Utah Man Found Guilty in an 18-Year Mail Fraud Scam Totaling over $5.8 Million in Stolen Monies Kevin Scott Horton of Saratoga Springs, Utah is facing up to 140 years in prison for his crimes.
NEWS BRIEF: HealthEquity Completes its $425 Million Acquisition of the BenefitWallet HSA Portfolio from Conduent HealthEquity "... now serves more than nine million HSA members and more than 16 million total accounts."
Farmington, Utah-based PACS Group Sets Revenue Record in its First Quarterly Report Filed Since its 11 April 2024 IPO PACS Group "... is a holding company investing in post-acute healthcare facilities, professionals, and ancillary services."
Utah Is Getting over $126 Million in Federal Dollars for Solar Projects, Affordable Housing and Homeless Projects, and Fixing Lead Pipes Over the past several weeks, two federal government agencies, and/or their state-level counterparts, have announced over $126 million in combined funding for projects here in Utah.
Apologies ... A Medically Induced, but Temporary, Hiatus from Utah Money Watch Apparently I came through the surgery with "Flying Colors," which is awesome! Isn't modern medicine amazing?!?!?!
SLC-based Zanskar Geothermal & Minerals has Raised $30 Million in New Funding to Accelerate its Efforts to Uncover Likely Productive Geothermal Sites in the U.S. Zanskar plans to deploy the funds to accelerate technology development and advance its portfolio of greenfield power projects to serve new partnerships.
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 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 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 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 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 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 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.”