It's debatable if the fiduciary standard is 'higher' than suitability. But the better question might be, who's holding the bar?
Sorenson Capital Partners' acquisition of St. George-based Wilson Electronics has been named the mergers and acquisitions Deal of the Year by the Association for Corporate Growth Utah. In working through the acquisition, Sorenson Capital brought several Utah firms to the table, including Zions Bank, Diversified Insurance Group, Durham Jones & Pinegar Law and several advisory services led by Grant Thornton.
Sorenson's investment in Wilson Electronics was made to allow the company to grow and expand, providing increased economic value for St. George and the surrounding communities in southern Utah.
LeGrand Lewis, a principal with Sorenson Capital, said, "We are very excited about our partnership with Wilson Electronics and ACG's recognition of the transaction. As the leading private capital provider in Utah, we are proud to have been part of a transaction that brings national recognition to the impressive entrepreneurial culture and capital markets resources of Utah."
"It certainly is exciting to see deals such as the Wilson Electronics transaction and the direct impact that it has on our state economy and for the communities in southern Utah," said Regan Guth, president of ACG Utah. "We are pleased to recognize the accomplishments of Robert Van Buskirk and Wilson Electronics with the 2014 ACG Utah Dealmaker of the Year Award. "
Robert Van Buskirk, CEO and president of Wilson Electronics, said it was an honor for Wilson Electronics to be recognized by the ACG. "We see tremendous opportunities ahead for Wilson in the global cellular signal booster market, and we are committed to diligently pursuing those growth opportunities," he said. "Our vision is to achieve sustainable growth by focusing on our customers and our people, our partners and our products. By enabling and enhancing mobile and fixed cellular connectivity for consumers, we're confident Wilson Electronics will continue to provide a positive impact on our local economy and the state of Utah."
Wilson Electronics designs and manufactures a product portfolio of cellular signal boosters, antennas and related components that improve fixed and mobile cellular communication for use in consumer, enterprise and industrial applications.