Sign in Subscribe

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 Ends 98-Year Federal Land Dispute With a $60 Million Settlement, But it Retains Mineral Rights in the Process

Utah Ends 98-Year Federal Land Dispute With a $60 Million Settlement, But it Retains Mineral Rights in the Process

EXECUTIVE SUMMARY ✅ Utah and the federal government have finally ended a 98-year ownership dispute involving 22,311 surface acres adjoining the Bear River Migratory Bird Refuge in Box Elder County, with the United States agreeing to pay Utah $60 million for said surface acres. ✅ Utah will transfer the surface

Approval Given for Engineering Contract Worth up to $81.7 Million and Utah's $750 Million Strawberry High Line Project Clears Environmental Review

Approval Given for Engineering Contract Worth up to $81.7 Million and Utah's $750 Million Strawberry High Line Project Clears Environmental Review

EXECUTIVE SUMMARY ✅ The Central Utah Water Conservancy District has approved an engineering agreement worth up to $81.706 million with Flowline Collective, a Bowen Collins & Associates / Jacobs Solutions joint venture in connection with the estimated $750 million Strawberry High Line Improvement Project. ✅ District records identify the expected funding mix

BREAKING NEWS: Utah’s Sunwest Bank Acquires Failed California Bank and Adds $605 Million in New Deposits

BREAKING NEWS: Utah’s Sunwest Bank Acquires Failed California Bank and Adds $605 Million in New Deposits

EXECUTIVE SUMMARY ✅ Sandy, Utah-based Sunwest Bank has acquired substantially all of the deposits and a portion of the assets of failed Irvine, California-based Nano Banc, assuming approximately $605 million of deposits and $227 million of loans. ✅ The Federal Deposit Insurance Corporation says Sunwest is purchasing ~$476 million of

Utah’s Autonomous Solutions Has Landed a $225 Million Investment from SoftBank and the Two have Formed a Construction Robotics J.V. Separately Funded by SoftBank

Utah’s Autonomous Solutions Has Landed a $225 Million Investment from SoftBank and the Two have Formed a Construction Robotics J.V. Separately Funded by SoftBank

EXECUTIVE SUMMARY ✅ SoftBank Group has invested $225 million directly into Mendon, Utah-based Autonomous Solutions, Inc., while separately capitalizing a newly formed joint venture focused on commercializing autonomous heavy-construction equipment. ✅ The amount invested in the joint venture was not disclosed, meaning SoftBank’s total capital commitment tied to ASI

Domo, Chapter 4: The Deal is Done and Domo is No More. So What's Next for Josh James?

Domo, Chapter 4: The Deal is Done and Domo is No More. So What's Next for Josh James?

EXECUTIVE SUMMARY ✅ On Tuesday, 22 September 2026, Progress Software completed its $400 million purchase of substantially all of Domo's operating assets, including its AI and data platform, over 2,400 customers, and most of its employees. ✅ The surviving public company, now named Huckleberry.ai (NASDAQ:HUCK), begins life

Utah Medical Products Says it's Prepared to Spend Nearly $49 Million to Repurchase ~20% of its Shares

Utah Medical Products Says it's Prepared to Spend Nearly $49 Million to Repurchase ~20% of its Shares

EXECUTIVE SUMMARY ✅ As per its "Tender Offer" announcement filed with the U.S. Securities and Exchange Commission, Utah Medical Products says it is ready to pay $75 per share for as many as 650,000 of its publicly traded shares, potentially spending $48.75 million to retire roughly

Peterson Partners Raises $510 Million Continuation Vehicle for Draper-based Kelso Industries, Extending its Bet on a $1 Billion-plus Revenue Business

Peterson Partners Raises $510 Million Continuation Vehicle for Draper-based Kelso Industries, Extending its Bet on a $1 Billion-plus Revenue Business

EXECUTIVE SUMMARY ✅ Utah-based Peterson Partners has raised $510 million for a single-asset continuation vehicle centered on Draper, Utah-based Kelso Industries, allowing the investment firm to extend its ownership of the rapidly growing mechanical, electrical and plumbing (MEP) services company. ✅ New York City-based NorthSands Capital committed more