The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

March 2025 - National Transaction Value ($bn) and Transaction Count

Utah — Transaction Value and Count by Month

Utah — Overview

Utah’s M&A activity in March 2025 featured five transactions, spanning from Salt Lake City to smaller locales, as the state attracted a mix of regional and local buyers across varied sectors. The consumer sector led with deals like Woodland Foods, LLC’s acquisition of Sevillo Fine Foods, Inc. and Greenix Holdings LLC’s purchase of Spidexx Pest Control FL, LLC, while health care and tech saw activity with Ntracts, Inc.’s acquisition of Compliatric and SAVI iQ’s buy of Galaxi Networks, Inc. No financial values were disclosed, reflecting the private nature of these deals, which included retail and specialized services, underscoring Utah’s appeal for niche consumer and tech investments. Private equity backed 240% of the transactions, signaling modest but targeted investor interest in the state’s growing economic landscape.

Utah — Strategic vs. Sponsor-led Activity

Utah — X / Y Plot By Sector

M&A Segmentation — Glossary:

M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.

Deal Terms — Glossary:

Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.
Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

Utah — M&A Segmentation

Utah — Sector Breakdown

Second Level Primary Industry Breakdown

Utah — M&A Deal Summaries

Compliatric (Announced: March 4, 2025)
- Ntracts, Inc. acquired Compliatric, a health care tech firm, on March 4, 2025, with Healthcare Growth Partners serving as Compliatric’s exclusive financial advisor. The deal enhances Ntracts’ health care technology offerings in Utah’s growing tech sector. The transaction was finalized on the same day.
Sevillo Fine Foods, Inc. (Announced: March 5, 2025)
- Woodland Foods, LLC acquired Sevillo Fine Foods, Inc., a packaged foods producer, on March 5, 2025, with Barings providing financing through a senior secured facility and term loan. The deal strengthens Woodland Foods’ consumer goods portfolio in Utah. The transaction was completed swiftly.
Mod Truck LLC (Announced: March 7, 2025)
- An undisclosed private investor acquired ASC Warehouse, a retail distributor, on March 7, 2025, with Generational Group, Inc. advising ASC Warehouse. The deal expands the investor’s retail distribution portfolio in Utah’s consumer sector. The transaction was finalized on the same day.
Spidexx Pest Control FL, LLC (Announced: March 18, 2025)
- Greenix Holdings LLC acquired Spidexx Pest Control FL, LLC from Coleman Spaulding, Taylor Spaulding, and Ryan Coleman on March 18, 2025. The deal bolsters Greenix Holdings’ specialized consumer services portfolio in Utah. The transaction was completed promptly.
Galaxi Networks, Inc. (Announced: March 25, 2025)
- SAVI iQ acquired Galaxi Networks, Inc., an application software firm, on March 25, 2025, with the combined entity operating as SAVI iQ. The deal enhances SAVI iQ’s tech portfolio in Utah’s burgeoning software market. The transaction was finalized on the same day.

March 2025 | Utah M&A Insights