Company news information may be sent to brice.w@thecityjournals.com.
ADVISORY
• Tanner LLP, a Salt Lake City-based independent accounting and advisory firm serving clients throughout the western United States, has launched its new advisory practice, the Technical Accounting Advisory Group. TAAG is designed to help finance and accounting teams strengthen their foundations, navigate complex accounting challenges, and scale with confidence as their organizations grow. The TAAG team partners with companies at critical inflection points, delivering practical, hands-on technical accounting support as organizations prepare for audits, scale rapidly, or work through historical accounting challenges. TAAG primarily serves VC- and PE-backed companies and fast-growing private businesses, typically ranging from five to 500 employees. The group has experience supporting organizations across SaaS and technology, construction and real estate, health care, manufacturing, and multi-location service industries. TAAG is especially well-suited for teams navigating prior-period cleanups, and previously identified accounting deficiencies, the firm said.
ASSOCIATIONS
• The Park City Chamber of Commerce & Visitors Bureau is encouraging participation in its 2026 Summit County Business Survey. The deadline to complete the survey is Feb. 28. The goal is to help ensure that its planning efforts match the needs of partners and the community. Answers to survey questions will be kept confidential. Details are at https://rrcassociates.sjc1.qualtrics.com/jfe/form/SV_5hba4rsWqkskeCa.
BANKING
• Zions Bancorporation NA, based in Salt Lake City, has priced $500 million of fixed-to-floating rate senior notes due Feb. 9 in a public transaction. The offering was expected to settle on Feb. 9. The annual interest rate for the fixed-rate period is equal to 4.483 percent. The annual interest rate for the floating-rate period will be equal to compounded SOFR plus a spread of 1.055 percent. BofA Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC served as bookrunners for the offering. Zions said it intends to use the net cash proceeds from the offering to reduce short-term borrowings. Zions also executed a receive-fixed fair value hedge against the notes during the fixed-rate period, effectively converting the interest expense to a floating rate and neutralizing the impact on interest rate sensitivity.
DIVIDENDS
• The board of directors of Zions Bancorporation NA, based in Salt Lake City, has declared a regular quarterly dividend of 45 cents per common share. The dividend is payable Feb. 19 to shareholders of record Feb. 12. The board also declared the regular quarterly cash dividend on the company’s Series A perpetual preferred shares. The cash dividends on the preferred shares are payable March 16 to shareholders of record March 1. The board also has authorized a share repurchase of up to $75 million of the company’s common stock for the first quarter of 2026. The timing and amount of any repurchase will depend on market conditions, regulatory requirements, and other factors or uncertainties and may be updated at the discretion of the board, it said.
ECONOMIC INDICATORS
• Utahns who stayed at their jobs saw their pay increase 4.7 percent in January compared to a year earlier, according to data from ADP Pay Insights. That figure ranked Utah No. 19 among states for wage growth. ADP, offering human resources and payroll solutions, also found the median annual salary for job-stayers in Utah in January was $54,700. Nationally, median annual wage growth for job-stayers was little changed from the previous month at 4.5 percent. Nationally, wage growth for job-changers slowed slightly to 6.4 percent year-over-year. ADP’s Pay Insights are at https://payinsights.adp.com/. It is released in tandem with the ADP National Employment Report, available at https://adpemploymentreport.com/.
• Twenty percent of Utah seniors (ages 65 and older) went through January without any meaningful interaction with others, according to a survey by life insurance agency Choice Mutual. That equates to 202,613 seniors living alone. The survey asked, “Has anyone checked in on you since Jan. 1?” The loneliness figure was lowest in New Hampshire, at 13 percent. The highest figure was 50 percent in Wyoming. Details are at https://choicemutual.com/blog/states-where-seniors-are-loneliest/.
• Chick-fil-A was the top choice for couples dining at a fast-food restaurant for Valentine’s Day, according to a survey by financial media company MarketBeat. Nationally, two-thirds of couples were considering dining at a fast-food restaurant that day, according to the survey. The top five choices in Utah were, in order, Chick-fil-A, Wendy’s, Sonic Drive-In, McDonald’s and KFC. Details are at https://www.marketbeat.com/originals/poll-reveals-most-popular-fast-food-restaurants-for-valentines-day-on-a-budget/.
• Three Utah destinations are among the “Top Cozy Valentine’s Getaways” in the U.S., according to a survey of couples by travel company Exoticca. They are Midway, ranked No. 56 nationally; No. 104 Torrey; and No. 120 Kanab. The top-ranked location nationally is Lake Placid, New York. Details are at https://exoticca.com/us/blog/americas-most-romantic-getaways/.
EDUCATION/TRAINING
• Applications are being accepted until Feb. 27 for the 2026 ULI Utah Young Leaders Mentorship Program. The program offers a small-group experience that connects emerging real estate professionals with industry leaders for an accelerated year of learning, growth and peer mentorship. The program runs from April through October and includes monthly meetings with a mentor cohort, plus three programwide events. Applications will be evaluated by the YLG Management Committee, and mentees will be individually announced in the coming weeks. Details are at https://utah.uli.org/get-involved/young-leaders/mentorship/.
ENERGY
• Signature Solar, a Texas-based solar energy solutions provider offering panels, inverters, batteries, and complete energy systems for homes and businesses, has launched Sun Atlas Power, a solar installation company serving homeowners and businesses across Utah and four other states. The new company, it said, extends its expertise beyond customized and DIY solutions into full-service solar installation. Instead of navigating multiple vendors, customers can work with one organization for system design, permitting, installation, commissioning and long-term support. Based in Irving, Texas, Sun Atlas Power has plans to expand in up to 31 states by mid-year.
EXPANSIONS
• MotivHealth, a Salt Lake City-based company tackling the high cost of health care, has announced its expansion into Georgia and Wisconsin as a third-party administrator. The company will be offering self-funded and level-funded solutions to employers, furthering its mission to engage, educate and reward its members while ensuring they receive the best possible care. MotivHealth’s approach includes proactive patient advocacy, innovative cost-containment strategies, and technology-driven solutions that enhance health care accessibility and affordability.
INVESTMENTS
• Stratus Medical, a Texas-based company focused on advancing radiofrequency ablation treatment for chronic pain, has announced a $10 million Series B financing led by Wasatch Health Partners, a Salt Lake City-based health care-focused investment firm pursuing growth equity and lower middle-market buyout strategies. Wasatch Health Partners invested through its Growth Fund and previously provided a $25 million convertible debt facility through its Structured Capital platform. Proceeds from the Series B financing will be used to complete development of the Stratus Medical RF Generator and neurovasis basivertebral nerve ablation (BVNA) technology, expand and protect the company’s valuable patent portfolio, and fund a clinical study.
LOGISTICS
• The Utah Inland Port Authority board has approved a $1.6 million infrastructure loan in the Pony Express Project Area to Fairfield City to support construction of a municipal water system and design of a future well for public safety and future economic development in the Cedar Valley community. Funds will be used to reimburse the town for a recently completed water line and to support drilling a new municipal well. Testimony presented during the loan committee review indicated Fairfield currently has adequate water for existing demand but is nearing capacity for the existing system. Fairfield officials said the water improvements are necessary not only to support anticipated commercial development, but also to ensure the town can meet existing safety and service standards. The loan carries a 15-year term at 3.13 percent interest, with payments deferred for the first five years. Repayment will come from future tax increment generated by new development within the Pony Express Project Area, rather than from Fairfield’s existing general fund. UIPA officials emphasized that the loan does not subsidize private companies and does not transfer water rights to outside entities. The infrastructure funded through the loan will remain publicly owned and controlled by the town. State law authorizes UIPA to issue infrastructure loans for public projects including water systems, sewer, roads and utilities. Loans are administered and serviced by the Utah Division of Finance.
MANUFACTURING
• KFH Industries, an Alabama-based manufacturer of fire, industrial and municipal hoses, is expanding is operations in Utah with the lease of a 55,000-square-foot facility in West Valley City, where it will assemble and distribute its firefighting and industrial hose products. The company plans to create up to 25 new jobs within the next five years. The project was supported by the Economic Development Corporation of Utah, which provided economic research on Utah’s workforce and made introductions to partners who could assist the company in establishing its operations in the state. Spencer Layton,business development manager, led the project for EDCUtah. Jon Schreck and Phillip Eilers of Cushman & Wakefield assisted with site selection, Ogletree Deakins provided guidance on employment law, and PrincePerelson & Associates offered staffing support.
PARTNERSHIPS
• Instructure, a Salt Lake City-based company offering a learning ecosystem and Canvas LMS, has announced a partnership with Orijin, an education and workforce development platform for correctional systems, to expand secure, scalable education across correctional facilities nationwide. The partnership scales education to more than 300 correctional facilities in 20 states to support secure learning pathways to prepare individuals for employment and reduce recidivism. By partnering with Instructure and moving to Canvas LMS, Orijin is enabling jurisdictions to scale education programs, from high school equivalency to postsecondary, that help bridge gaps between incarceration, education and employment.
• Owlet Inc., a Lehi-based company focused on smart infant monitoring, has announced a strategic partnership with webAI, a private AI platform, to accelerate the development of secure, personalized and data-driven intelligence across the Owlet product ecosystem. Elements of the partnership include private, enterprise-grade AI architecture designed to operate on Owlet’s proprietary data; security-first infrastructure tailored for sensitive information; custom intelligence optimized for sleep and health insights; and a scalable AI foundation to support multiple future products and services across the Owlet ecosystem.
PHILANTHROPY
• Megaplex recently contributed $20,000 to Utah Food Bank and spent time volunteering at the Salt Lake City distribution center. Megaplex and Miller Sports & Entertainment presented the check, which will supply about 80,000 meals for Utahns with food insecurity. Following the check presentation, employees from Megaplex and Miller Sports & Entertainment volunteered at Utah Food Bank, spending over an hour sorting and stocking boxes full of food to be supplied to food pantries across Utah. Megaplex has 18 locations throughout Utah and southern Nevada.
RECOGNITIONS
• Studiosity, with a main office in Salt Lake City, has announced that its Support and Validate product has won in the “Tech & Learning Awards of Excellence: Best of 2025” within the Higher Education category. The Best of 2025 Awards celebrate educational technology from the past 12 months that has excelled and shone in supporting teachers, students and education professionals in the classroom, for professional development or general management of education resources and learning. Studiosity focuses on writing feedback and assessment security that helps educators and leadership support students and validate learning outcomes.
• Denali Therapeutics Inc.’s new in-house GMP clinical manufacturing facility in Salt Lake City is a finalist for the 2026 ISPE Facility of the Year (FOYA) Awards. The International Society for Pharmaceutical Engineering’s FOYA Awards is an annual program that recognizes state-of-the-art projects utilizing new, innovative technologies to improve the quality of products, to reduce the cost of producing high-quality medicines, and demonstrate advances in project delivery. The Denali Therapeutics Salt Lake City facility aims to accelerate the development and delivery of transformative therapies for neurodegenerative and rare diseases by enabling in-house clinical trial manufacturing and taking active control of outsourced supply chain limitations. Delivered on time and under budget, the 60,000-square-foot design-build project unlocks new capabilities, flexibility and research and development potential for a therapeutics organization advancing treatments for neurodegenerative disease.
SECURITY/DEFENSE
• BAE Systems recently held a ribbon-cutting ceremony to mark its Utah expansion in the form of opening a new office in the state. Located north of Salt Lake City, the new facility will serve as a hub for Intercontinental Ballistic Missile sustainment and modernization efforts, providing a workspace for engineering, digital transformation and mission operations teams. A company official said the expansion “allows us to strengthen capability delivery, and ensure the U.S. maintains readiness for strategic deterrence.”