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CONSTRUCTION

Big-D Signature, a subsidiary of Salt Lake City-based Big-D Construction, has broken ground on the Summit County Clubhouse, 6304 Highland Drive, Park City. The facility will focus on creating an inclusive community for adults with mental illness diagnoses. The project is expected to be completed in July. The roughly 2,000-square-foot house used for the facility was donated to Park City Community Foundation by the Grossman family for exclusive use by Summit County Clubhouse and is being renovated to comply with all ADA regulations. The new clubhouse will offer recovery-based services for up to 25 clients per day. Currently, Summit County Clubhouse serves 17 members, with the goal of eventually being able to accommodate any adult in Summit and Wasatch counties with a history of mental illness.

ECONOMIC INDICATORS

Salt Lake City is the best U.S. city for work-life balance, according to a study by mobile access technology company Kisi. It compared data on work intensity, institutional support, livability and more. Salt Lake City is followed, in order, by Portland, Oregon; Minneapolis; Colorado Springs; and Omaha. In breakout lists of 50 U.S. cities, Salt Lake City was No. 5 for highest percentage of remote jobs, No. 8 for most overworked population, No. 50 for unemployment rate, No. 31 for vacation days taken. Los Angeles is the most-stressed city, the study found. Houston has the most overworked population. In the global study, U.S. cities ranked below their European and Canadian counterparts due to minimum vacation leave and lack of access to universal healthcare. Salt Lake City was highest in the global rankings, at No. 24. Details are at https://www.getkisi.com/work-life-balance-2021-usa.

HEALTHCARE

Wasatch Crest Treatment, a behavioral healthcare services provider, has opened a women’s recovery residence in Heber, not far from its main seven-acre campus. The residence can accommodate up to eight female clients. It is an extension of its Uinta men’s sober living program. The Uinta program focuses on helping clients transition smoothly from treatment back into daily life. The program also helps clients develop practical life skills such as establishing credit, creating a resume, obtaining employment, and finding a place to live post-treatment. Uinta clients also have the opportunity to participate in evidence-based recreational therapy, community service outings, recovery meetings and alumni events.

INVESTMENTS

Walker Edison, a West Jordan-based supplier of ready-to-assemble furniture, has received a minority investment from funds managed by Blackstone Tactical Opportunities. Walker Edison’s founders, Brad Bonham and Matt Davis, and controlling investor, Prospect Hill Growth Partners, maintain a majority stake. Financial terms were not disclosed. Ropes & Gray served as legal advisor and Goldman, Sachs & Co. and Lincoln  International LLC served as financial advisors to Walker Edison. Simpson Thacher Bartlett served as legal advisor to Blackstone.

NetDocuments, a Salt Lake City-based cloud-based content services and productivity platform for law firms, corporate legal teams and compliance departments, has entered into a definitive agreement to receive an investment from Warburg Pincus, a global growth investor, along with existing investor Cove Hill Partners LP. Warburg Pincus is acquiring Clearlake Capital Group LP’s interest in NetDocuments. Financial terms were not disclosed. William Blair & Company LLC acted as the exclusive financial advisor to NetDocuments. Warburg Pincus’ investment alongside Cove Hill will support the NetDocuments’ continued growth and innovation. The company will continue to be led by CEO Josh Baxter and the rest of the current management team.

MANUFACTURING

CONNEX UTAH has launched as an online supply chain database to help Utah’s manufacturing sector engage with the broader marketplace. It was created in a partnership among the Utah Industry Resources Alliance (UIRA), the state of Utah and Utah State University. CONNEX UTAH is a statewide manufacturing supply chain, workforce and research and development connection solution offered free of charge to manufacturers in Utah. The tool contains in-depth information on a broad range of Utah manufacturers, along with detailed search functions to highlight specific production capabilities, certifications, equipment, material types and more.

MORTGAGES

Homie Loans, a South Jordan-based mortgage brokerage, has hired Dan Richards as senior vice president. Richards’ initial focus will be on building a strong leadership team of mortgage professionals that look to disrupt the industry. He will also oversee the transition from mortgage broker to mortgage lender. Richards’ background includes serving as executive vice president of Academy Mortgage Corp., a tech marketer at Google and Microsoft, and vice president of a venture-backed startup.

PHILANTHROPY

Altabank, American Fork, has signed a long-term partnership with Wasatch Adaptive Sports (WAS) through a five-year $100,000 donation to the local nonprofit organization and its recreational, educational and social programs. The donation will provide WAS with the resources to continue to grow its cycling program throughout the Wasatch Front, including assistance in purchasing a new truck during the first year of the partnership. The nonprofit will now be able to reach new students in underserved areas as well as partner with additional community groups by offering programming at their locations including schools, support groups, hospitals, and others serving the local adaptive population. Prior to the donation, the WAS cycling program was able to offer only one program at a time.

REAL ESTATE

Colbreen, developers of the proposed Highland Flats development that would add 410 rentals in the Park City area, is preparing for a work session with Summit County Council set for June 30. Eighty percent of the development would be deed-restricted affordable or moderate income housing. Highland Flats would consist of buildings rather than single-family homes. It has been proposed for the Highland Estates neighborhood of Park City by a development partnership among Colmena Group, Breen Homes and Jake Breen, managing broker of Berkshire Hathaway HomeServices Utah Properties. Located on a 40-acre parcel, Highland Flats would consist of 410 units.

RECOGNITIONS

Onset Financial, a Draper-based equipment leasing and financing company, is ranked as the No. 8 top independent equipment leasing company nationwide by Monitor Magazine. It is the third consecutive year for the company to be in the top 25. To qualify, companies must be privately owned with equity provided by the individual owners and/or privately held owners. Participants were asked to provide full-year data related to funded new business volume, which was to include information directly tied to equipment leases.

• The XO Score Scoring Sheath by Transit Scientific, a Park City-based, private company that designs, develops and commercializes medical devices, was the only catheter-based technology named an award winner under the cardiovascular devices category in this year’s Medical Design Excellence Awards. The awards program is a design competition in the medtech industry recognizing significant achievements in medical product design and engineering that improve the quality of healthcare delivery and accessibility.

• Three products of Nu Skin, a Provo-based beauty and wellness products company, have received recognition from industry organizations. The Edison Awards recognized ageLOC Boost as a Bronze level winner in the Advanced Skincare category. The awards promote innovation and business success by selecting “the best of the best” in several categories. NewBeauty magazine selected ageLOC LumiSpa as the Best Cleansing Device for the second consecutive year. NewBeauty tested nearly 10,000 products, with editors selecting the top performers in skin, makeup, wellness and more. Nu Skin’s To Be Clear Cleansing Gel from the Nutricentials Bioadaptive Skin Care line was recognized as a Pure Beauty Global Awards finalist in the “New Natural Product” category from among hundreds of global applicants.

RESEARCH

USANA Health Sciences Inc., Salt Lake City, and its subsidiary in China, BabyCare Ltd., have announced a research collaboration agreement with Beijing University of Chinese Medicine (BUCM). Under the agreement, USANA and BUCM will cooperatively research the field of traditional Chinese medicine (TCM). The objective of the collaboration is to bring together modern nutritional science and TCM to improve the health and wellness of individuals and families around the world. Under the agreement, USANA has the right to commercialize any nutritional/TCM products resulting from the collaboration.

RETAIL

Valley Fair, West Valley City, has unveiled its new Town Center, an outdoor space featuring a new stage with state-of-the-art sound system for outdoor concerts, expansive turf for people to place blankets or chairs to enjoy live music, a revamped splash pad, firepits, and string lights for summer evening ambience. In addition to concerts, the space will be used for kids’ programming, private events, family-friendly activities, fundraisers and tenant events. Valley Fair’s owner, Coventry Advisors, in partnership with West Valley City, has invested over a half-million dollars on the project as part of a multi-phased plan to revitalize and update the 870,000 square-foot shopping, dining and entertainment center.

SERVICES

Global Leader Group, a Lehi-based professional development and management consultancy firm, has hired Cassius F. Butts as senior partner and managing director of board practice. In his role, Butts will be acting as a mentor, helping the company grow while focusing on generational growth leadership programs and connecting underrepresented talent in their next role. Butts’ career has included executive roles with financial institutions and four presidential administrations, leading strategic efforts in the finance, strategy, housing and small-business sectors. In 2011, he was appointed by President Barack Obama to serve as regional administrator for the U.S. Small Business Administration, overseeing SBA activities in eight southern states. Under the George W. Bush Administration, Butts served as a Presidential Management Fellow within the U.S. Department of Housing & Urban Development, where he assisted in HUD’s marketing process.

UPS has announced it expects to hire more than 200 employees in the Salt Lake City area. The jobs are permanent, part-time package-handling positions in UPS sortation hubs and centers: the Utah regional hub at 380 S. 6400 S., Salt Lake City; and the SLC hub at 2040 Parkway Blvd., Salt Lake City. More than 56 percent of UPS’s current drivers and management staff were originally hired for part-time package handler jobs.

 

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