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.
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.
Kinect Capital Welcomes 23 Presenting Companies to this Week's Investor Choice Conference in Salt Lake City
"According to Kinect Capital, its data says that since 2009 Investors Choice alumni firms have raised over $1.2 billion in investment capital while also achieving financial exits of over $10 billion."
Utah's Top 15 Noteworthy Business "News Nuggets" from the 2nd, 3rd, and 4th Full Weeks of October 2023
The weeks in question are 8—14 October 2023, 15—21 October 2023, and 22—28 October 2023.
AUTHOR'S NOTE: Sometimes, regardless of what you do, deep desires collide head-on with the demands of daily life.
That's been my life for the past several weeks
Utah's Top 9 Business "News Nuggets" from the Past Week: 1—7 October 2023
Enclosed below (in no particular order), are Utah's Top 9 Business "News Nuggets" from 1—7 October 2023 that may not have hit your radar:
* Heber, Utah-based Summit Engineering Group has been acquired by Atwell, a Southfield, Michigan-based consulting, engineering, and construction services firm
Utah's 108-Year-Old Fassio Egg Farms is Acquired by Cal-Maine Foods, America's Largest Egg Producer
We estimate that Cal-Maine Foods spent between $54.1 million and $67.0 million to acquire West Valley City, Utah-based Fassio Egg Farms, giving Cal-Maine a second base of operations in Utah (the other based in Delta).
Just days after the largest egg producer in the United