South Jordan, Utah-based Canopy Raises $35 Million in New Funding Round
At least 10 different investment firms have placed their bets on Canopy since its launch in 2014.
Kent Outdoors Lands a $100 Million Credit Facility and Plans to Sell its Kona Bicycles Brand. But What About its Other Non-"Water Sports Businesses?"
Kent Outdoors is trying to sell Kona Bicycles. Fair enough. BUT ... has it also put its two other non-water sports brands up for sale: Arbor Collective and Arctic Shield?
BREAKING NEWS: Utah-based Venafi is Being Bought by CyberArk for $1.54 Billion in Cash and Stock from Private Equity Firm, Thoma Bravo
"The acquisition is expected to close in the second half of 2024, subject to required regulatory approvals, clearances and other customary closing conditions."
Utah Set a New Record of at Least $39.2 Billion in Equity Deals in 2023 vs. the Previous High of $31.2 Billion Set in 2021, the Latest "Deal Flow Report" Says
M&A activity in Utah in 2023 represented over 91.3% of ALL known equity transactions that occurred in the state last year.
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."