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Innovations in Nutrition + Wellness Acquires Capstone Nutrition

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INW | Innovations in Nutrition + Wellness (“INW”), a leader in custom R&D, manufacturing and marketing support solutions for global brands that serve the fast-growing nutrition and wellness industry, today announced that it has acquired Capstone Nutrition (“Capstone”), a best-in-class developer and manufacturer of high-quality nutrition and wellness products, from Brightstar Capital Partners (“Brightstar”). Terms of the private transaction were not disclosed.

Founded in 1989 and headquartered in Ogden, Utah, Capstone is a full-service developer and manufacturer for established and emerging wellness brands across the specialty health, functional food, immunity support, digestive health, holistic health, fit and active lifestyle, skincare and pet care markets. Focused on capsules, tablets and powder products, its state-of-the-art, 300,000-square-foot manufacturing facility is one of the largest in the nutrition industry. Reflecting its differentiated commitment to quality, Capstone has received several third-party awards recognizing its operational excellence and is certified by all relevant international regulatory bodies.

Jared Leishman, Capstone’s current Chief Executive Officer, has been named CEO of the combined company. Mr. Leishman brings more than 15 years of experience in the dietary supplement industry, having previously served as both the Chief Operating Officer and Chief Financial Officer of Capstone prior to his appointment as CEO in 2016. Cornell Capital and affiliated investors acquired INW in March 2021, with a goal of adding complementary businesses like Capstone to build a scaled and well-diversified integrated solutions provider in the modern health and wellness industry.

“This transaction positions INW as a leading, full-service platform in this fragmented and high-demand segment of the health and wellness market,” said Justine Cheng, Partner at Cornell Capital. “Capstone’s expertise across a variety of product forms and ingredients, highly flexible infrastructure and 30-year history of quality and efficiency as a trusted brand partner are impressive. We look forward to partnering with Jared and the rest of Capstone’s experienced team to share best practices and drive continued growth at INW across an expanded operational and customer footprint.”

“We are excited to join the INW family and accelerate growth by leveraging our innovative capabilities, operational flexibility and blue-chip customer relationships as part of this expanding global platform,” Mr. Leishman said. “Combining our two complementary businesses will continue to strengthen INW as a world-class turnkey service provider of differentiated products across the vitamins, minerals and supplements categories. I am confident that together we can enhance our position as a leading provider of innovative, customer-focused solutions for the modern health and wellness industry.”

“This strategic combination with INW fulfills the aspirations Brightstar had for Capstone when we acquired the Company in 2019,” said Andrew Weinberg, Founder and CEO of Brightstar. “We are proud to have played a role in Capstone’s growth and are confident that INW is the right partner to continue and expand its position as an innovative industry leader.”

Guggenheim Securities, LLC is acting as financial advisor to INW and Cornell Capital, and Weil, Gotshal & Manges LLP is acting as legal advisor. Jefferies LLC and BMO Capital Markets Group are acting as financial advisors to Capstone, and Fredrikson & Byron P.A. and Kirkland & Ellis LLP are acting as legal advisors.

About INW | Innovations in Nutrition + Wellness
INW stands at the crossroads of change in the nutrition and wellness industry, blending science and innovation with safety and quality to set a new standard of leadership in nutritional and personal care manufacturing. Delivering operational excellence from product R & D to expert manufacturing and packaging to efficient delivery, the company provides an unmatched quality product and packaging innovation, from concept to launch to global brands. They offer a diversity of product forms across powders, solid dose, liquids/gel packs, personal care, and more across its multi-site network. Visit inw-group.com to learn more.

Capstone Nutrition
Capstone Nutrition is the leading pure play, turnkey developer and manufacturer of high-quality health and wellness supplements. With its advanced manufacturing capabilities, Capstone is a one-stop shop for strategic partners in the nutrition industry, led by experienced and dedicated scientists and trusted industry professionals. Since 1989, Capstone has been formulating, developing, manufacturing and packaging a wide range of capsules, tablets, and powders for customers around the globe. Headquartered at a state-of-the-art facility in Ogden, Utah, Capstone is known for exceptional quality and market-leading product development. The company maintains the highest industry certifications recognizing its exceptional manufacturing standards, including Australia’s Therapeutic Goods Administration (“TGA”), NSF GMP, and NSF for Sport certification. For more information, please visit www.capstonenutrition.com.

About Cornell Capital
Cornell Capital LLC is a U.S.-based private investment firm with over $6.0 billion of AUM and offices in New York and Hong Kong. Partnering with strong, entrepreneurial management teams, the firm takes a value-oriented approach to investing across the consumer, financial and industrial sectors. Founder and Senior Partner Henry Cornell, who served as the Vice Chairman of Goldman Sachs’ Merchant Banking Division prior to founding Cornell Capital in 2013, leads a highly-seasoned senior leadership team with decades of shared investing experience. For more information, visit www.cornellcapllc.com.  

About Brightstar Capital Partners
Brightstar Capital Partners is a middle market private equity firm focused on partnering with exceptional families, founders, entrepreneurs and management teams where the firm is ideally positioned to drive value creation. Brightstar employs an operationally intensive approach that leverages its extensive experience and relationship network to help companies reach their full potential. For more information please visit www.brightstarcp.com.

 As the weekend is coming closer, we are thrilled to announce a revamp of one of our bike trails that is accessible now! The Squirrel Downhill Bike Trail located near the base area has been revamped by our trail crew the last few weeks and you can now give it a try.  You can access it just above the Wildcat Parking Lot and it flows down through the trees to come out near the bottom of the Earl’s Parking Lots.

This past winter our new access ski trail to Canyon Rim Parking went directly through a large portion of the old Squirrel downhill bike trail. So this spring our Trail Crew has been busy building two new sections of trails built to allow the Squirrel trail to reopen with a better flow. There is a new optional rock drop on the lower section of the trail, that will offer a more advanced route. The revamped Squirrel Trail is open for guests to enjoy and well marked. You can access it near the Wildcat Parking Lot. This is the first trail maintenance ever done with our new mini excavator and operator.  With this trail revamped, we will continue to work on improving the biking experience around Snowbasin. In the next few weeks our team will be focusing on the upper Needles Trail as the snow melts before we open for biking for summer operations.

Remember Needles Gondola opens for summer operations on Saturday, June 12th.

D.L. Evans Bank has announced the 2021 Employee Directed Donation Initiative. This donation initiative gives D.L. Evans Bank employees an opportunity to nominate their favorite non-profit organizations in Idaho and Utah to receive a donation from D.L. Evans Bank. D.L. Evans Bank also added an additional 5% to each total in the employee’s name.

A donation amount of $5,250 was made to Utah Certified Development Company (CDC) nominated by Senior Vice President Utah Area Manager Bruce Ashcroft. The Utah CDC works as a partner with the SBA and a and a private-sector lender to assist small businesses in financing up to 90% of the purchase of long-term fixed assets, such as land, building (existing and new construction), and equipment. The purpose of this program is to contribute to the economic development of the community through job creation and contribution to public policy goals. The first goal the Utah CDC has is to assist in the expansion of existing businesses looking yo increase their operations. The second goal is to assist new businesses/employers who have found sound financial and management skills to increase the over all business base.

Pictured from left to right: Nicki Richards (Utah CDC Accounting Manager), Todd Madsen (Utah CDC Loan Underwriter), Rob Richards (Utah CDC President and Chief Executive Officer), Bruce Ashcroft (D.L. Evans Bank Senior Vice President Utah Area Manager), Caryl Eriksson (Utah CDC Senior Vice President Chief Operations Officer), Jadree Lehosky (Utah CDC Loan Assistant), Mikel Bowman (Utah CDC Senior Vice President Credit Manager), Janae Jones (Utah CDC Loan Processor), Jaylene Derring (Utah CDC Vice President Closing Officer), Kristy Torres (Utah CDC Executive Assistant), Dixie Spitale (Utah CDC Portfolio Manager).

Big-D Construction recently completed its 20th project for Lindquist Mortuaries, with its newest location in Syracuse, Utah. The 12,850-square-foot building continues the long and productive partnership between Big-D Construction and Lindquist and matches the distinguished Roy mortuary previously built by Big-D for Lindquist in 2004.

The new mortuary is located at 869 South 2000 West in Syracuse. While the build presented various unique challenges along the way, including a pandemic, Big-D partnered with several local subcontractors on the project to ultimately deliver the finished venture along with Frank N. Murdock Jr. Architect and Associates, all of whom greatly contributed to the new, high-quality mortuary.

“Big-D has an excellent eye for details and has always delivered on its projects for us by building first-rate mortuaries,” said Lindquist president John E. Lindquist. “Big-D continually adds value by fulfilling our expectations, on time and within budget. We look forward to our continued partnership with them as Lindquist continues to expand to meet our community’s needs.”

The partnership has been a long and prosperous one between both parties, dating back more than 35 years. Big-D has helped Lindquist expand to nine locations with this most recent Syracuse addition. 

“Lindquist is one of our best customers and has been for over 35 years,” said Forrest McNabb, president of Big-D Construction Northern Utah. “We’ve had an excellent working relationship with John E. Lindquist and his entire team that’s allowed both organizations to achieve their goals and provide for the local community of Northern Utah.”

The Wildcat Micro Fund still has plenty of grant funds available for entrepreneurs and our local small business community (they won’t last forever!). FREE early-stage funding of up to $2,000 (you can apply for and receive multiple awards) is available to residents of Davis, Weber, Morgan and Box Elder counties in Utah.


Visit wildcatmicrofund.org for more information and to apply.

Snowbasin Resort releases the schedules for its free summer music series, Blues, Brews & BBQ and SnowWiesn. Blues, Brews & BBQ will begin on August 1 with opening day music from Andy Frasco and Kris Lager, then an event each Sunday through Labor Day Sundays between September 12 and October 3. Events will run 12:00 pm – 5:00 pm on Sundays in conjunction with regular summer operations 10:00 am – 5:00 pm. Music is brought to you by Mountain Town Music.

In addition, to live music, Earl’s Lodge will be serving a variety of delicious food options along with a great selection of local beers on tap. Guests can enjoy a morning hiking or biking and spend the afternoon listening to free live music in the mountains. Both adults and children will be able to test their skills at the Wildflower Mini Golf Course and if you have a 21-22 Premier Season Pass, you can enjoy unlimited access to Needles Gondola. Season Passes for next winter are on sale now.

Commemorative mugs will be sponsored by Roosters Brewing and available for purchase, where guests can refill the mug during the 2021 concert series. Snowbasin and Roosters are looking forward to collaborating on a SnowWiesn beer that will debut at the start of the festival.

“We’re thrilled to bring back our local’s favorite summer concert series with 10 exciting events scheduled”, said Alan Dickerson, Director of Food and Beverage. “Each Sunday starting in August, we’ll welcome guests with free live music and great food and drink offerings at our outdoor festivals. We hope you’ll join us and experience the year-round beauty at Snowbasin.”

2021 Summer Lineup
Blues, Brews & BBQ
August 1: Andy Frasco / Kris Lager
August 8: Erica Falls / Fat Apollo & The Ceullites
August 15: Turkuaz / Dangus Kong
August 22: Freddy Jones Band / Rachel Baiman
August 29: Steely Dead / Red Light Challenge
September 5: Stillhouse Junkies / Triggers & Slips

SnowWiesn
September 12: Saltzburg Echo/ Badfeather
September 19: Freddie Schnicklfritz Band/ Tony Holiday
September 26: Park City Polka Players/ Eric Heideman
October 3: Saltzburg Echo/ Mothers of Mayhem

You can preview a sampling of the featured music on the Snowbasin Summer 2021 Spotify playlist here- https://open.spotify.com/playlist/0CsU3qxAbqbqY0ejOYbdhU?si=f0a903eab1c64492

For more information, please visit www.snowbasin.com or call 801.620.1000.

Saying you are going to do something is easy.  Actually doing it is another thing altogether.  How many times have you set a goal for yourself and then just not been able to reach it?  Have you thought about what is keeping you from losing that weight, getting that raise or hitting those new sales targets at work, improving your marriage, buying that dream house, or even accomplishing your life’s purpose?  We all carry “backpacks” stuffed with heavy emotional “rocks” collected over our lifetimes.  Those backpacks, with those rocks, weigh us down and make it harder and harder for us to reach our goals and achieve our life’s purpose.

“How much does your life weigh? Imagine for a second that you’re carrying a backpack. I want you to feel the straps on your shoulders. … Do you feel the straps cutting into your shoulders? All those negotiations and arguments, and secrets and compromises. You don’t need to carry all that weight. Why don’t you set that bag down?”

– George Clooney, as Ryan Bingham in Up in the Air

As a certified financial counselor and coach, I see the effects of these “rocks” on people all the time.  Their past decisions and current habits weigh them down.  Rocks filled with financial stress, emotional stress, relationship stress, and physical stress fill their backpack.   They struggle to see a clear path to their goals while staring at their feet with the backpack straps cutting into their shoulders.  All of us have some rocks in that proverbial backpack.  In my experience, individuals and couples are carrying financial stress if they are experiencing any of the following:

  • Arguing over finances – the leading cause of relationship issues and divorce.
  • Are “broke” all the time – 75 percent of Americans live paycheck to paycheck. 
  • Have overwhelming personal debt – Utahns rank the 10th worst in the nation for total personal debt and have an average of over $31,100 in student loans.
  • Have no money for emergencies – 69 percent of Americans have less than $1000 in the bank and cannot pay for a simple emergency like new brakes for the car.
  • Cannot retire – over half of Americans over 55 years old have zero retirement savings. 
  • Are physically or emotionally ill – financial stress causes significant health and emotional issues, including anxiety, depression, alcohol/substance abuse and, sadly, suicide.
  • Not performing on the job – employees with financial stress are 11 times more likely to have sleepless nights, 10 times more likely to not finish daily tasks at work and 2 times more likely to be looking for a new job.
  • Simply do not know what to do – financially stressed people face embarrassment, humiliation, shame, and fear as they struggle to communicate with their spouses, to pay the bills, to reply to creditors, to set realistic goals and save for the future.

Personal Finance is 80% behavior related and only 20% head knowledge.  Overcoming financial stress is rarely about simply making more money, finding a better interest rate, or finally using the company’s 401 (K) match. While those are good things, they do not address the root causes of stress.  Overcoming financial stress is about understanding and changing behaviors and habits with money.  Individuals and couples who successfully toss the financial stress out of their backpacks have learned:

The author with a light backpack having climbed to 18,000 feet in Nepal. Cho Oyo, the world’s sixth highest peak, is in the background.
  • How to understand and acknowledge the root causes of their financial stress. 
  • How to communicate better about money and financial matters.
  • How to set aside the cultural money messages for a moment and focus on what is important to them and their families in order to plan and set goals for the future. 
  • How to budget and live within their means, to save for emergencies, and to get rid of suffocating personal debt including student loans.
  • How to save for retirement, fund their children’s future education, buy a house, and live their American Dream. 

People who have no financial stress walk taller with a lighter backpack, have their eyes off the ground and up above the horizon, and enjoy their life’s journey toward their goals and dreams. Their relationships improve, their health improves, their job performance improves, and their outlook on life improves. Tuning out the cultural messages and focusing on one’s personal financial situation can be really hard to do.  If you are sick and tired of being sick and tired about money and financial stress, consider seeking professional financial counseling and coaching to help get you started and pointed in the right direction.

About the Author

Don Hickman is a Dave Ramsey Certified Master Financial Coach and owns/operates A Helping Hand Financial Coaching along with Hickman Group, LLC (Business Consulting).  He has helped 100s of people and small businesses find financial peace.  He served in the Air Force for over 25 years before retiring as a Colonel in 2012.  Don serves on multiple northern Utah non-profit Boards and is a volunteer with the US Paralympic Nordic Ski Team.  He lives a life of purpose, including checking off his bucket list.  One of those bucket list items was trekking in Nepal. In 2012, Don spent two months collecting vital field research data on the Himalayan glaciers nearby Mount Everest with a team from the University of Colorado.

Pictured on the left: The author on Kala Patthar with Mount Everest in the background. (November 2012)

Book a free, no-obligation financial consultation: https://ramseycoach.com/Don-Hickman

Snowbasin Resort announced its summer 2021 schedule today with a lineup of fun for the entire family with outdoor adventures, mountain top dining and an outdoor concert series. The resort will officially kick off the summer season on June 12 with lift served hiking and mountain biking, mini golf along with luxury mountain top dining options including its Sunday brunch and Saturday lunch service served with views from 8,700 vertical ft.

“We are so excited to be able to offer our summer lineup of activities and events once again at Snowbasin,” said Andrew, Barfield, Director of Skier Services at Snowbasin Resort. “The resort has long been an escape for so many from the city and we look forward to welcoming back our community for another summer of outdoor adventures and memories.”

Snowbasin also plans to bring back some of its fan favorite summer events including their free concert series. Blues, Brews & BBQ is scheduled to begin August 1 with music from Andy Frasco and Kris Lager, with an event each Sunday until Labor Day Weekend. SnowWiesn, the premiere Oktoberfest themed festival in Northern Utah, is scheduled on Sundays between September 12 and October 3. A full music lineup for the events will be announced soon.

“We’re pleased to bring back our popular summer concert series with 10 exciting events scheduled,” said Alan Dickerson, Director of Food and Beverage. “Each Sunday starting in August, we’ll welcome guests with free live music and great food and drink offerings at our outdoor festivals. We hope you’ll join us and experience the year-round beauty at Snowbasin.”

Snowbasin 2021 Summer Schedule and Offerings

Lift Served Hiking & Biking: Snowbasin offers 26 mile of lift-served trails to explore on two feet or two wheels with service from Needles Gondola starting June 12 on Saturdays and Sundays from 10:00 am – 5:00 pm. In addition to their multi-use trails, Snowbasin offers three hiking-only trails that lead to the crest of the ridges for breathtaking views of the valley far below. Much of the single-track trails connect to additional Forest Service trails, offering nearly 50 miles of adventure. The easier mountain bike trails are accessed from the base area. And the moderate to expert level bike trails are accessed off the top of Needles Gondola. The trail system is open to the public seven days a week to use with lift access available on weekends, unless closed for a private event.

Pet Friendly: Snowbasin is pet-friendly in the summertime on trails, at events and inside Needles Gondola. Dogs need to remain on leash at all times and are not permitted inside the lodges.

Dining: Enjoy a 12-minute scenic ride up the gondola to Needles Lodge. The lodge will be serving up lunch on Saturdays from 11:00 am – 2:00 pm and brunch on Sunday from 9:30 am – 3:00 pm. Snowbasin is thrilled to welcome back the best brunch in Northern Utah on Sundays. Every Sunday, guests can reserve a table at the tope of the mountain to dine on an all-you-can-eat brunch with a variety of stations including a carving station, crepe station, omelet station, salad station, hot items, assorted desserts and more. Reservations are recommended for Mountain Top Brunch.

Mini Golf: The Wildflower Mini-Golf Course is located in the base area, between Needles Gondola and John Paul Express. This 18-hole mini golf course will offer a fun and challenging experience for friends and families alike. Open to the public on Saturday and Sunday during summer operations, or available daily for private events. Tickets are available at the resort, or online at snowbasin.com

Blues, Brews & BBQ: Snowbasin will host two bands every Sunday between August 1 and September 5 for their free Blues, Brews and BBQ concerts in the base area on the lawn next to Earl’s Lodge. The resort will kick off the season with all-time favorites Kris Lager and Andy Frasco. Bring the family, friends, or furry pups up for an afternoon relaxing in the cool Wasatch mountain air with music, cold drinks and delicious BBQ. A full concert lineup will be announced soon.

SnowWiesn: Snowbasin is pleased to bring back SnowWiesn, the premier Oktoberfest themed event in Northern Utah. The event takes place each Sunday from September 12 through October 3 and offers delicious Bavarian themed food, live music and locally crafted beers in a great escape into the mountains for families and friends. A music lineup will be announced soon.

Adventure Premier Events: Snowbasin is honored to be the venue for a variety of premier mountain outdoor events this season. Events include:

  • June 25 – 27: Elk Summit
  • July 16 – 18: Spartan
  • July 23 – 25: Mountain Archery
  • August 20 – 22: 29029
  • August 27 – 28: 29029
  • September 3 – 4: Utah High School Mountain Bike Races
  • September 9 – 10: Utah High School Mountain Bike Races
  • September 24 – 26: XTERRA

Private Events: With a variety of venues offered through the resort, Snowbasin is the perfect place to host weddings, corporate events or family gatherings to remember. For more information on Snowbasin’s private event offerings, please contact 801-620-1075.

Snowbasin will follow all local health guidelines created by the Weber/Morgan Health Department and recommends guests wear masks in areas where social distancing is challenging.

Spend summer at Snowbasin and enjoy the array of activities that offer a little something for everyone. To learn more details about summer at Snowbasin, visit www.snowbasin.com or call 801-620-1000.

Bank of Utah is inviting families and individuals to join them in a Spring into Service Scavenger Hunt to do good works around their communities May 3 – 21. Using social media, the local bank will offer a way to sweeten community service efforts of individuals with a $10 cash donation to their favorite Utah nonprofit organization. The bank will donate up to $300 per 501c3 organization, for a campaign total of $7,000.

“Last year and part of 2021 have been difficult for us all, due to the pandemic, earthquakes and political unrest,” said Douglas L. DeFries, Bank of Utah president. “Now it’s spring and a good time to spread some love and light throughout our communities. We hope you will join us for the inaugural Bank of Utah Spring into Service Scavenger Hunt. We’ve compiled a list of simple acts of service that we can tackle in our communities. Let’s work together to see how many service projects we can check off the list, and Bank of Utah will reward your service with a $10 donation to a local nonprofit of your choice.”

A list of Spring into Service Scavenger Hunt random acts of kindness is listed at  https://www.bankofutah.com/springservice. Service efforts include paying for the meal of a person behind you in a drive thru or restaurant, picking up a bag full of trash from community streets, sweeping someone’s porch or driveway, washing someone’s car, taking someone’s grocery cart back, giving a flower and a compliment to a stranger, mowing someone’s lawn, doing household chores for a relative or neighbor, donating time, money, food and household items to a non-profit, and more.

In order to qualify for the $10 charitable donation, participants are asked to post a photo of themselves and/or their friends completing a service, on social media. The post must include the hashtags #bouspringservice and @BankofUtah as well as the tag of the nonprofit organization that should receive the $10 donation. A list of suggested nonprofits and their tags is available on the bank’s web site.

Bank of Utah branch employees will be joining the Spring Into Service Scavenger Hunt by doing local community service projects. For more information visit www.bankofutah.com.

At Staples, we’re committed to helping small businesses grow by investing in you and our community. That’s why we’re celebrating small businesses this week with two virtual events to help SMBs like you grow your reach.

Visit staplesconnect.com/small-buiness to learn more and to sign up.

Event 1: Content Marketing that Connects with Your Customers

Join us on 5/5/21 at 3 pm ET for a presentation hosted by Staples Connect and wiseHer on how to create marketing collateral that connects with your customers. Emily Aborn, founder and owner of She Built This, will be presenting this workshop for small business owners who are ready to effectively get their message out.

Event 2: Roadmap for Rebuilding: Maximize your Marketing

Join us on 5/6/21 at 12 pm ET as the U.S. National Chamber of Commerce and Staples Connect host a panel discussion to help you define your audience, build a cutting-edge marketing plan and amplify your reach through social media.

Plus we’ve got two great in-store offers you can take advantage of all week long.

  • $15 off your in-store Print & Marketing Service order of $75 or more.
  • 20% off UPS express shipping services.

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