The Plan

The Key Takeaway: Utah is a Powerhouse

Utah is thriving and was rated #1 in the nation for GDP growth. Utah is the nation’s youngest state with the fastest growing population. Utah was ranked 5th on the prosperity index and Utah Inc., a holding company devoted to Utah based companies, has the local knowledge, talent, and connections to purchase exceptionally priced companies through it’s off-market acquisition structure.

Our Mission

Our mission

Create holding company of essential Utah businesses.

  • Bring the holding company, Utah Inc, public.
  • We will acquire at least one platform company per year for the next 3 to 5 years, resulting in an EBITDA of ≈$28MM by years 3 to 5.
  • The platform companies are projected to be equal to or exceeding a 10x IPO multiple in year 5 achieving a post-money valuation of ≈ $337MM.
  • The first $12MM will be used for our first platform company, Point S.
  • Utah Inc. is offering a convertible preferred security with an 8% PIK and 2x liquidation preference. The projected IRR is ≈35% with a conversion cap of $30MM or 10% discount to IPO shares.
Why it matters

Why It Matters

Investing in fertile ground maximizes returns, expedites growth, and provides a natural hedge against macro headwinds — Utah is ranked #2 best state for business & overall economy in the US. Utah has had podium (top 3) finishes every year since 2007 according to Forbes “Best State for Business”.

The Big Picture

The big picture

This creation allows owners of essential Utah businesses and Utah investors the ability to participate in the local economy via a forever asset vehicle. The public company structure will allow advantages for liquidity, flexibility, and the cost of capital.

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The Utah Inc Advantage

Proximity is power, we have a powerful management team in place with many decades of experience. Our local capital invested with local businesses and local shareholders provides alignment and accountability that is rare in todays institutionalized landscape.

Why it matters

Why It Matters

People are the heart and soul of Utah Inc and its’ subsidiaries; the strength and acumen of the company operators will provide a significant advantage -almost 50% of Utahns have postsecondary certs or degrees.

Utah Inc Advantage
Our People

Our People

  • Michael Margolies is an industry veteran and Utah resident. He has served as a limited partner at Oppenheimer and Co. and has founded many profitable businesses. He has sourced, financed, and operated more than 20 companies. He has exited multiple companies via the public markets. He is our chairman and founder.
  • Joe Atkin is an active investor that builds businesses. He has served in many presidential capacities. Mr Atkin took GOAL ZERO from zero revenue to $40MM in four years. He has provided strategy consulting and operating optimization for the Utah based PE firm AUM.
  • Jesse Curtis is a Utah native with an extensive knowledge and understanding of the Utah market. He has won state-level awards for best start-up and has a strong background in entrepreneurship.
  • Joshua Horrowitz serves as a director for multiple publicly traded companies. Mr. Horrowitz has a deep understanding of capital markets and is an expert communicator.
  • Brandon “The Mechanic” McNally has over 20 years experience as an executive, board member & advisor, entrepreneur and operational leader. He is a an expert in all things operational and holds an impressive trophy case of professional certifications and degrees.
  • Mike Eschrich has built teams all over the world, lead the financial arm of the best-in-class supply chain for Apple, and holds numerous degrees/certifications. He is an expert on internal structures, operations, and strategic analysis.
  • Ben Garrison is a Utah native that graduated Summa Cum Laude from BYU. He has been very successful in management consulting, private investing, and entrepreneurship -including leading Paul Davis Restoration of Utah from $2MM to over $40MM in six years.
Platform 1: Point S Automotive

Platform 1: Point S Automotive

Point S is strategically positioned and has steadily outperformed larger competition on almost all metrics. Utah’s continued growth is positioned extremely well for this platform.

Utah Inc has identified world-class management and are purchasing our first two Point S locations for less than 5x EBITDA! We currently have 6 potential acquisitions in the pipeline. We’ve projected a 59.6% IRR and 10.8x MOIC on this deal over the next five years.

The Details

The details

  • Growth plan includes acquiring 25 Point S stores, with a projected revenue of $50MM.
  • Scaling Point S will unlock bulk discounts, less duplication of specialty equipment, cross-training across stores, and more synergies related to economies of scale.
  • Total addressable Utah market is currently $1.8B.
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