Wasatch Digital IQ has a nice article about Utah’s deal flow in 2005. A great quote from Steve Grizelle about several Utah companies getting big and acquiring other companies.
I’m particularly impressed to learn that SkyWest is now the nation’s largest regional carrier with 2,400 daily flights and 14,000 employees. Here’s a very intesting fact: SkyWest has 380 aircraft compared to Southwest’s 441 aircraft. (Probably a major difference in the size of the aircraft, though, I’m guessing.)
Skywest’s market cap is now $1.6 billion compared to JetBlue’s $1.7 billion and Continental Airline’s $2.2 billion and Southwest’s $14 billion.
I’m also impressed with Headwaters, Inc. and Extra Space Storage, both of which have been growing through acquisitions.
Maybe Governor Huntsman is right. Utah is “the place” for economic growth in the next twenty years. We have the entrepreneurial zeal, the young, educated workforce, and maybe now we are growing enough large companies that we will have enough management talent (people who can manage billion dollar companies) to grow more of our companies into major players, rather than the traditional route of Utah companies being acquired by larger outside players. Maybe the tide is really turning.
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