Utah's Top 10 Monetary, Financial, and/or Business Stories of May 2024
In our opinion, these 10 stories represent Utah's Top 10 Newsmakers in May 2024 across the monetary / financial / business ecosystem.
NEWS BRIEF: A Global Leader in French Pastries and Breads Will Spend $220 Million to Build a New Manufacturing Plant in Brigham City, Utah
Given the size of its Vineland, New Jersey and Canadian manufacturing facilities, I anticipate that Bridor's Utah plant will clock-in at somewhere between 150,000- to 200,000-square-feet when it opens in early 2026.
Another "Sneaky" IPO is Pending for Utah as "Recent" Transplant Waystar Holdings Announces its Forthcoming Initial Public Offering
I predict that the soonest (and most likely IPO scenario for Waystar) is for its shares to begin trading the week of June 24—28, the week before the July 4th holiday.
Hurricane, Utah-based Utah Prep Lands the No. 1 Boys Basketball Prospect in America
AJ Dybansta, the consensus No. 1 boys basketball player in America, has decided to play his final season at Utah Prep in Hurricane, Utah.
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
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
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.