Salt Lake City skyline on Report: Number of business deals in Utah down during pandemic, but value hit new record of $26B

Salt Lake City skyline on Report: Number of business deals in Utah down during pandemic, but value hit new record of $26B

2021-06-04T03:40:30+00:00 May 20th, 2021|Deal Flow, Deal Flow Event|

By Lauren Bennett, KSL.com

Even though there were fewer deals made in Utah overall in 2020, the value of those deals reached a new high of $26.4 billion, beating out 2019’s $25 billion, according to a new report. However, the total number of financial market transactions tracked in the report was only 289, compared to 474 during 2019 and 483 during 2018.

The numbers come from MountainWest Capital Network’s 26th annual Deal Flow Report, which analyzes public and private deals made in the state along with mergers and acquisitions.

“While 2020 was a year few people would like to repeat, it is encouraging for the future to note that the total value of deals in the state was the highest we have ever seen,” Kady Reese, MountainWest Capital Network’s Deal Flow vice-chair, said in a statement. “This report provides a first-hand glimpse into what has continued to make Utah one of the best places in the country for innovation and success.”

Read full KSL.com article here.