Technology

Technology

Utah Money Watch provides perspective and contextual insights on all financial aspects of the Technology marketplace within Utah, from A.I. to blockchain and from SaaS to Consumer Electronics.

Peterson Partners Raises $510 Million Continuation Vehicle for Draper-based Kelso Industries, Extending its Bet on a $1 Billion-plus Revenue Business

Peterson Partners Raises $510 Million Continuation Vehicle for Draper-based Kelso Industries, Extending its Bet on a $1 Billion-plus Revenue Business

EXECUTIVE SUMMARY ✅ Utah-based Peterson Partners has raised $510 million for a single-asset continuation vehicle centered on Draper, Utah-based Kelso Industries, allowing the investment firm to extend its ownership of the rapidly growing mechanical, electrical and plumbing (MEP) services company. ✅ New York City-based NorthSands Capital committed more
David Politis
Domo, Chapter 3:  With its Two Latest SEC Filings, Domo has Apparently Checked the Final Boxes for its $400 Million Asset Sale to Progress Software, Which Domo Now Expects to Happen By 30 September 2026

Domo, Chapter 3: With its Two Latest SEC Filings, Domo has Apparently Checked the Final Boxes for its $400 Million Asset Sale to Progress Software, Which Domo Now Expects to Happen By 30 September 2026

EXECUTIVE SUMMARY ✅ American Fork, Utah-based Domo has filed its definitive Schedule 14C Information Statement (Form DEFM14C) with the U.S. Securities and Exchange Commission, advancing its proposed $400 million asset sale to Progress Software toward a final closing date. ✅ Domo now expects the transaction to close by the end
David Politis