M&A NEWS: Three Utah Firms are Acquired; One Utah-based Firm Buys a New York-based Firm

PUBLISHER'S STATEMENT: Starting today, Silicon Slopes will begin publishing M&A NEWS summaries on a regular basis.

As shown below, in these M&A NEWS write-ups we will group together information about mergers and acquisitions of (and by) Utah-based organizations into one combined story, announcements where financial terms of these individual transactions are not disclosed. {NOTE: In this regard, these stories will be similar to the PEOPLE NEWS items we are already publishing.}

Taking this approach will allow us to continue to keep you, our readers, abreast of newsworthy information from the greater business community of Utah. But because certain organizations choose to not disclose the financial aspects of their transactions (as is their right), we will not dedicate outsized resources to reporting and/or analyzing said transactions beyond the basic information they choose to share.

In closing, thank you for your understanding and continued support.

David Politis,
Publisher & Editorial Director
Silicon Slopes

SLC-based Advisor Peak is Acquired by Addepar

Mountain View, California-based Addepar announced recently that it has acquired Salt Lake City-based Advisor Peak. Financial terms of the acquisition were not disclosed.

According to its news release, Addepar is a wealth management platform that specializes in data aggregation, analytics and reporting and and supports numerous clients, that in aggregation, have over $3 trillion in assets on the Addepar platform.

With this acquisition, Addepar intends to roll-out AdvisorPeak's enterprise-class portfolio management tools of portfolio trading and rebalancing, cash management services, and tax-optimization strategies to internal and external Registered Investment Advisors (RIAs).

SLC-based Golden Egg Solutions is Acquired by ShipHero

Golden Egg Solutions, an eCommerce fulfillment company based in Salt Lake City, has been acquired by New York City-based ShipHero. Financial terms of the acquisition were not disclosed.

ShipHero is a market leader in the 3PL category (aka, 3rd Party Logistics), with over $10 billion in packages shipped during its history, leading market research firm, G2, to recognize ShipHero as its No. 1 leader in its Momentum Report.

InSite Property Group Acquires Murray, Utah-based The Storage Center

Torrance, California-based InSite Property Group has purchased The Storage Center in Murray, Utah. Financial terms of the acquisition were not disclosed.

Located on five acres of land adjacent to Interstate 15, The Storage Center property provides over 100,000 square feet of single-story drive-up and interior storage spaces and is currently 99% occupied.

InSite Property plans an extensive renovation of the Murray facilities to bring them in line with InSite's modern aesthetic, with a contactless rental process being implemented immediately.

SLC-based NetDocuments Acquires Afterpattern

In an effort to continue to bolster its role as the legal industry's leading provider of cloud-based content services and productivity tools, SLC-based NetDocuments has acquired Brooklyn, New York-based Afterpattern. Financial terms of the acquisition were not disclosed.

According to the NetDocuments news release, "... the Afterpattern no code toolkit to build robust workflows that use online forms and databases to auto-populate Word, PDF, and email templates ... with thousands of (legal entities currently using) the ... toolkit (today)."

NetDocuments plans to "natively integrate" the Afterpattern toolkit into the NetDocuments platform, with additional details about this planned integration slated for early 2022.