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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 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

BREAKING NEWS: Park City, Utah-based AI Startup, Hello Haven, Emerges from Stealth Mode with a $15 Million Pre-Seed Round Led by Mayfield

BREAKING NEWS: Park City, Utah-based AI Startup, Hello Haven, Emerges from Stealth Mode with a $15 Million Pre-Seed Round Led by Mayfield

EXECUTIVE SUMMARY ✅ Hello Haven raises $15 million, more than five times the 2025 U.S. median for combined pre-seed/seed venture financings. ✅ Previous companies started and/or led by Hello Haven CEO and Co-Founder, Frank Addante, reportedly produced a combined $1 billion in sales, two initial public offerings,

Mitsui Chemicals Completes its $900 Million Acquisition of Ultradent Products and Expands South Jordan's Role to Oversee the Growth and Dominance of its Global Dental Businesses, including Germany's Kulzer and Japan's Sun Medical

Mitsui Chemicals Completes its $900 Million Acquisition of Ultradent Products and Expands South Jordan's Role to Oversee the Growth and Dominance of its Global Dental Businesses, including Germany's Kulzer and Japan's Sun Medical

EXECUTIVE SUMMARY ✅ Mitsui Chemicals quietly completed its $900 million acquisition of South Jordan, Utah-based Ultradent Products on 14 August 2026, several weeks ahead of the September closing timetable originally announced. ✅ Effective 1 October 2026, the newly formed South Jordan-based MC Dental Holdings America will oversee and manage Mitsui

Midvale, Utah-Based Bamboo Insurance is About to Conduct a "Surprise" IPO, Raising up to $700 Million with a Target Valuation of Up To $3.24 Billion

Midvale, Utah-Based Bamboo Insurance is About to Conduct a "Surprise" IPO, Raising up to $700 Million with a Target Valuation of Up To $3.24 Billion

UPDATE — 24 September 2026, ~5:55pm MT — Utah Money Watch has just learned that on 22 September 2026, just two days before shares of Bamboo Insurance Services were expected to begin trading on the New York Stock Exchange, the company postponed its IPO only hours before the offering had been

"NEWS OF NOTE No. 7" Covers Transactions Involving 14 Utah-based Entities and Two Firms from Outside of the State

"NEWS OF NOTE No. 7" Covers Transactions Involving 14 Utah-based Entities and Two Firms from Outside of the State

EXECUTIVE SUMMARY: ✅ Draper, Utah-based HealthEquity repurchased 1.2MM common shares for $108MM during its second fiscal quarter; ✅ The State of Utah purchased the former FranklinCovey corporate campus in West Valley City for $40MM; ✅ Lehi-based LifeVantage saw Q4 2026 revenue drop $12.7MM, a 23.1% decrease; ✅ Midvale-based

Domo, Chapter 3: With its Two Latest SEC Filings, Domo has Apparently Checked the Final Boxes for its $400 Million Asset Sale to Progress Software, Which Domo Now Expects to Happen By 30 September 2026

Domo, Chapter 3: With its Two Latest SEC Filings, Domo has Apparently Checked the Final Boxes for its $400 Million Asset Sale to Progress Software, Which Domo Now Expects to Happen By 30 September 2026

EXECUTIVE SUMMARY ✅ American Fork, Utah-based Domo has filed its definitive Schedule 14C Information Statement (Form DEFM14C) with the U.S. Securities and Exchange Commission, advancing its proposed $400 million asset sale to Progress Software toward a final closing date. ✅ Domo now expects the transaction to close by the end