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Savage buys two Virginia companies that process coal ash
Savage, an industrial-services company in Salt Lake City, has bought two Virginia environmental reclamation and fuel-supply businesses.
Terms were not disclosed in Savage's April 1 purchase of Gobco, LLC and Power Fuels, LLC. Gobco removes piles of waste-coal from abandoned mines and restores impacted lands, streams and forests. The waste coal is then taken to a Power Fuels terminal, where it is blended with commercial coal and used to generate electricity at a plant owned by Dominion, parent company to Dominion Questar Gas in Utah.
Savage President Kirk Aubrey said Gobco has reclaimed 6 million tons of waste coal across southwestern Virginia.
He noted that in February Savage also bought Sunpro, an environmental services company active in the Midwest.
Founded in 1946, Savage is involved in the supply chain, moving coal and other products by rail or ship while providing logistical, terminal and facility operational support. The company has 3,500 employees at 240 sites globally.
Maggelet, Thomas accorded honors by U.'s business school
Oil and travel industry executive Crystal Maggelet and the late E. Parry Thomas, a banker who helped develop Las Vegas, were inducted Tuesday into the University of Utah's David Eccles School of Business Hall of Fame.
Maggelet is the chief executive of FJ Management, which manages a variety of oil and travel-related companies, including Maverik convenience stores and Big West Oil. Thomas, who died last year at age 95, started with Continental Bank & Trust Co. in Salt Lake City. He became president of the Bank of Las Vegas in 1961 and later acted as a buyer in southern Nevada for billionaire Howard Hughes.
In the Rice-Eccles Stadium ceremony, the Eccles School also honored David Stirling, co-founder and president of essential oils company doTerra, as distinguished entrepreneur; James Worthington, CEO of Kneaders bakery restaurant, as a rising star in his field; and Doug Ohlson, vice president of Adcentives West, for alumni service.
Springville, Clearfield good places to start businesses
Two Utah cities cracked the top 10 in an analysis of the top 20 small cities to start a business by the personal-finance website WalletHub.
Springville finished third on the list while Clearfield was ninth, said WalletHub spokeswoman Diana Popa, noting that rankings of 1,200 small-sized cities were based on 16 business metrics, from average growth in the number of small businesses and investor access to labor costs.
Other Utah cities that finished high in the rankings were Ogden (25th), Bountiful (27th) and Murray (30th).
Rubi Life takes top prize at Utah entrepreneur contest
Rubi Life, a startup company from BYU that is developing nanotechnology to track a baby's kick count, heart rate and fetal position while still in the womb, captured the $40,000 first prize over the weekend in the Utah Entrepreneur Challenge.
Company founder Eric Stopper came up with the idea when his wife had a difficult pregnancy. His technology tracks fetal activity and transmits data to the mother's smartphone, providing a warning if the baby is at risk.
Judges also determined Xlynk Surgical earned $5,000 for the best presentation; Cedar Sports $3,500 for the online video people's choice and tabling awards; and $1,000 each to Portal Power, EMJ Medical and Dentium Club.
In a high school division, three teams received $5,000 grand prizes from among 150 student business ideas.
The winners were StraightShot, Kearns High School, for clothing that allows easy access for medical tubes; Colo Clean, Rowland Hall, for a colonoscopy preparation kit that is "less burdensome for the patient;" and Puzzle Panel, from the Academy for Math, Engineering & Science, for portable solar panels.
Utah business people on the move
Draper native Katelin Madsen helped develop an app providing information on concerts, festivals and other live events produced by Fargo, N.D.-based Jade Presents. She was a captain of North Dakota State University's three-time national champion dance team.