Utah businesses had a record year of nearly $19 billion in deals and capital flows in 2016, nearly double the previous year's total, according to a report released Friday.
The MountainWest Capital Network issued its annual Deal Flow report at a luncheon to facilitate acquisitions, mergers and the raising of capital. The numbers have been prepared by the group of businesses and service providers for 22 years.
The group reported 423 deals in 2016, down from 524 in 2015 although the total dollars involved in 2016 were up about $9 billion.
"The numbers are strong — very, very healthy in Utah," said Quinton Stephens, a Ballard Spahr attorney and chairman of the Deal Flow event.