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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.

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

Salt Lake City-based Clarus has Received a $160 Million Bid to Buy the Firm's "Precision Sports Business" (aka, its Bullet Companies)

The offer to acquire Clarus' ammunition business was made on 15 September 2023 via a letter delivered by its Executive Chairman, Warren B. Kanders, to the Clarus board of directors comes "... following certain informal, exploratory discussions ..." between he and the company. Additionally, Kanders also notified the Clarus

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

With Over 36 Million Players Driving America's Pickleball Craze, The Picklr is Capitalizing on that Interest Now.

Just 22 months after its launch, and with $7 million in outside funding, Kaysville, Utah-based The Picklr just exploded onto the franchising scene with 13 franchisee partners now signed with commitments for its first 80+ franchise locations across 11 states — with more franchise units coming, its execs say. With a

The Race to Replace Republican Romney is On.

The Race to Replace Republican Romney is On.

The battle to become Utah's next U.S. Senator is now wide open, and we expect there to be at least seven serious candidates. That said, look for this to be the most expensive election in Utah history. In fact, expect total spending in the race to exceed

With a New Billionaire Owner, What's Next for Utah's Powder Mountain Resort?

Less than five months ago, Netflix Co-Founder and former CEO, Reed Hastings, became a minority owner of Utah's Powder Mountain Resort by acquiring the bulk of the shares previously held by the four 30-something-year-old founders of the "Summit Series" events held at Powder Mountain. But now,

Salt Lake City-based Millburn & Company Acquires 276-Unit Apartment Complex in Arizona for $85.35 Million

Millburn has now acquired over $3.0 billion in multifamily real estate holdings during its 13-year history across nine states, with 8,725 doors "under management" today. EDITOR'S NOTE: During the short 10-week period since the formal launch of Utah Money Watch, we have been pleasantly

ICYMI: Utah's Top Eight Money Stories from the Second Half of August 2023

ICYMI: Utah's Top Eight Money Stories from the Second Half of August 2023

From the death of one of Utah's top inventors / technologists to an apparent new record set by Utah-HQ'd firms, we deliver our perspectives on each of the Top 8 Money Stories in Utah for second half of the month (August 16th through the 31st). AUTHOR'

Dominion Energy Agrees to Sell Questar to Enbridge for $4.3 Billion

Dominion Energy Agrees to Sell Questar to Enbridge for $4.3 Billion

Virginia-based Dominion Energy (NYSE:D) announced yesterday it is selling Questar to Calgary, Alberta-based Enbridge (NYSE:ENB) for $4.3 billion* ($3.0 billion in cash and $1.3 billion in assumed debt). According to Enbridge's Form 8-K filing with the U.S. Securities and Exchange Commission, Dominion