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.
SLC-based Zanskar Geothermal & Minerals has Raised $30 Million in New Funding to Accelerate its Efforts to Uncover Likely Productive Geothermal Sites in the U.S.
Zanskar plans to deploy the funds to accelerate technology development and advance its portfolio of greenfield power projects to serve new partnerships.
Utah's Top 17 Business News Nuggets from April 2024 that You Might have Missed
{AUTHOR'S NOTE: Clearly, not every news announcement deserves to be the top story of the day. Nevertheless, many news items are still significant and should be acknowledged as such. Hence, this write-up is designed to specifically focus on Utah's business "news nuggets" from the
West Valley City's 3form has been Acquired for $95 Million by Armstrong World Industries
Launched in 2002, 3form generated nearly $96 million in revenue in 2023 as a wholly owned subsidiary of Hunter Douglas Group.
Boart Longyear has been Acquired and Taken Private Following a Convoluted Multiyear Journey that Eventually Valued the Firm at $383 Million
From a 2007 IPO on the Australian Stock Exchange that valued Boart Longyear at over $1.5 billion, this month's acquisition occurred at a price of under $385 million.
Work on $2.74 Billion in Utah Road Projects is Underway (or About to Be), So Start Gritting Your Teeth Now
UDOT's plans include "... building new projects to help meet growth demands, maintaining our aging roads and bridges, and building out our transportation network to accommodate drivers, pedestrians and bicyclists.”
In a Surprising Move, Jonathan Johnson has Stepped Down as CEO and Board Member of Beyond, the Formerly Named Overstock.com
Monday should have been a banner day for Jonathan Johnson, 6 November 2023 to be specific.
In under five months (in his role as CEO of Midvale, Utah-based Overstock.com), Johnson had engineered
* The early June acquisition of the digital assets and intellectual property of Bed Bath & Beyond out