Archive

Bridger Capital buys Bluffdale's Old Mill Brick

Bridger Capital Partners, a Salt Lake City middle-market private equity firm, has purchased Old Mill Brick Inc. of Bluffdale. Old Mill Brick manufactures a thin brick panel system for residential and commercial application called BrickWeb that is sold online and through home…

Staff

Mar 25

Banker: There is no lack of capital for healthcare and biotech industries

By Brice Wallace Whatever uncertainties exist in healthcare, venture funding isn’t one of them. Jonathan Norris, managing director of Silicon Valley Bank’s life science and healthcare practice, recently told a Salt Lake City crowd that healthcare venture capital fundraising…

Altra footware brand bought by VF Corp.

VF Corp. a Greensboro, North Carolina-based distributor of branded lifestyle apparel, footwear and accessories, has purchased the Altra footware brand from Utah’s ICON Health & Fitness Inc. Golden Harper launched the Altra running shoe brand in 2011 when he coined the phrase…

Staff

Mar 25

AlphaGraphics moving HQ to Denver

AlphaGraphics, a business services franchising company founded in Salt Lake City in 1970, will move its corporate headquarters to Denver before the end of 2018, according to Ryan Farris, president and chief operating officer of the company. {mprestriction ids="1,3"}“We have made…

Staff

Mar 25

CORPORATE FINANCIAL REPORTS - 3-26-18

The following are recent financial reports as posted by selected Utah corporations: Overstock.com Overstock.com Inc., based in Salt Lake City, reported a net loss attributable to stockholders of $95.7 million, or $3.72 per share, for the fourth quarter ended Dec. 31. That…

Staff

Mar 25

Tariffs to bring more steel production, more jobs? Don’t count on it

By Veronique de Rugy It was frustrating and depressing to watch President Donald Trump recently announce misguided import taxes on steel and aluminum. Aside from the bad economics behind the decision, the saddest part of the pronouncement was to hear the president promise steel…

Staff

Mar 25

Will Kim want a nuclear deal if Trump says the one with Iran is bad?

By Fareed Zakaria If confirmed as secretary of state, Mike Pompeo will arrive at a department that has been battered by proposed budget cuts, hollowed out by resignations and vacancies and neutered by President Trump’s impulsive and personal decision-making style. But Pompeo’s…

Editorial Cartoon: Autosum

Staff

Mar 25

Industry Briefs - 3-26-18

Industry Briefs are provided as a free service to our readers. Company news information may be sent to brice@slenterprise.com. The submission deadline is one week before publication. BANKING • People’s Intermountain Bank, American Fork, has promoted David G. Anderson to…

Staff

Mar 25

Newsletter 3-19-18

https://slenterprise.com 801-533-0556 --> This week in The Enterprise Monday, March 19, 2018 Companies bringing 170 jobs to Ogden's airport business park By Brice Wallace A pair of companies will expand their operations at the Ogden Hinckley Airport over the next few years,…

Companies bringing 170 jobs to Ogden's airport business park

By Brice Wallace A pair of companies will expand their operations at the Ogden Hinckley Airport over the next few years, creating a combined 170 jobs. Borsight, which will add 95 jobs, and a2b Fulfillment Inc., adding 75, were among three companies approved for tax credit…

ASI 'disrupting' ag industry with its unmanned farming vehicles

By John Rogers Autonomous Solutions Inc. (ASI), a developer of unmanned vehicle systems, software and components based in the tiny Cache County town of Mendon, has made a big splash in two industries with the deployment of its technology. ASI-driven vehicles are being tested in…

Housing joins gas prices to fuel CPI hike

The Zions Bank Wasatch Front Consumer Price Index (CPI) jumped 0.5 percent from January to February, its largest increase since last April when it also rose a half-point. The change was driven primarily by housing and transportation cost hikes. In the past year, the CPI has…

Staff

Mar 18

Merrill named Small Business Person of the Year

Paul Casper Merrill, CEO and president of Casper’s Ice Cream Inc. of Richmond, has been named by the Small Business Administration as its 2018 Small Business Person of the Year for Utah. Merrill is the grandson of the company’s founder, Casper Merrill. He has been invited to…

Staff

Mar 18

Shops at Fort Union Sold

CCA Acquisition Co. LLC of Los Angeles, an affiliate of Kornwasser Shopping Center Properties LLC, has purchased The Shops at Fort Union, a 689,000-square-foot shopping center in Midvale. The 60-acre development sold for $142 million, according to Ben Brown of Mountain West…

Staff

Mar 18

Biskupski asks Herbert for help on inland port - even after he signs the bill

Brice Wallace Having struck out at the Legislature, Salt Lake City’s mayor has turned to the executive branch of state government to get relief from an inland port bill. {mprestriction ids="1,3"}Jackie Biskupski was scheduled to meet last week with Gov. Gary Herbert about SB234,…

Staff

Mar 18

WVC's Alphacorp aquired

Alphacorp, a West Valley City-based provider of security and fire and life safety systems, has been acquired by Convergint Technologies. Alphacorp was founded in 1992 and employs 60 in its Utah and Idaho operations. {mprestriction ids="1,3"}Convergint is a worldwide provider of…

Staff

Mar 18

Clyde buys Denver-based general contractor

Orem-based W.W. Clyde & Co., a general contractor and civil construction company, has announced its acquisition of Scott Contracting Inc. of Denver. Scott is a general contractor that specializes in construction management and general contracting of earthwork, utility projects,…

Staff

Mar 18

Realty website sees Salt Lake City ready to duplicate Denver's housing boom

Rapid growth in the housing market in Denver in 2015 and 2016 drove the city to become the nation’s top hot housing market. New data from realtor.com show the same patterns occurring in Salt Lake City, leading analysts to think the Utah capital will become the next hot market.…

Staff

Mar 18

New Mexico goes after Vivint

New Mexico Attorney General Hector Balderas has filed a 17-count civil complaint against Utah’s Vivint Solar. The action includes allegations of unfair business practices, fraud and racketeering. Following consumer complaints, Balderas said in a release that an investigation by…

Staff

Mar 18

CORPORATE FINANCIAL REPORTS - 3-19-18

The following are recent financial reports as posted by selected Utah corporations: Profire Energy Profire Energy Inc., based in Lindon, reported net income of $4.4 million, or 9 cents per share, on revenues of $38.2 million for the full year 2017. That compares with a net loss…

Staff

Mar 18

Uncle Sam continues to stick his head in the sand on entitlements

By Veronique de Rugy Social Security and Medicare are the two biggest programs driving the growth of our debt. What’s more, they provide benefits for senior Americans generally, without regard to need. It’s time to change the way we think about these programs. It’s difficult to…

Staff

Mar 18