2024 Economic Engines

CITY Lindon FOUNDED 1987 EMPLOYEES 5,000+ INDUSTRY Insurance WEBSITE PCFIns.com CEO Felix Morgan (51) THE COMPANY A top 20 U.S. insurance brokerage.

PODIUM MOMENTS

1. PCF is ranked as the No. 19 largest U.S. insurance brokerage by revenue, and serves 450,000+ clients across all 50 states.

2. Named one of the fastest-growing private companies in the U.S. for three consecutive years.

3. Named among one of Utah’s fastest-growing companies for four consecutive years, as well as among the best companies to work for.

4. PCF seeks to offer an unrivaled combination of people, tools and technological solutions that foster exceptional experiences and opportunities for employees, clients and local communities.

5. Team members at the Utah HQ recently volunteered with the Ronald McDonald House to support families in need. PCF is also a proud supporter of Sophie’s Place, a charity that offers music therapy services to patients and families in children’s hospitals.

TAKE THEIR Q “Always look for ways to innovate and continuously improve. Whether it’s through adopting new technologies or refining inefficient processes, sometimes ‘change’ can give you a competitive edge.”

CITY Orem FOUNDED 1926 EMPLOYEES 4,868 INDUSTRY Construction WEBSITE ClydeInc.com CEO Jeremy Hafen (50) THE COMPANY A family-owned, premier provider of construction products and services, land development, and insurance in the Intermountain West.

PODIUM MOMENTS

1. Clyde has acquired and integrated 40+ companies and their employees since its founding in 1926. 2. Clyde reached $1 billion in annual revenue in 2018, and $2 billion just three years later.

2. Clyde has worked on projects ranging from the Bangerter Highway Interchanges in northern Utah to the Desert Color development in St. George. 

3. The company recently donated $200,000 to the University of Utah’s College of Engineering. 

4. Clyde’s growth and success come from adherence to core values: “We Value People,” “Our Word is Our Bond,” “Always Give a Full Measure” and “We Continuously Improve.” The company has been involved in almost every aspect of building and construction in the Intermountain West and surrounding regions for nearly a century.

TAKE THEIR Q “Prioritize customer care and build lasting relationships by always keeping your word and never compromising it.”

CITY Provo FOUNDED 1984 EMPLOYEES 3,700 INDUSTRY Beauty & wellness WEBSITE NuSkin.com CEO Ryan Napierski (50) THE COMPANY A leading beauty and wellness company, operating in nearly 50 markets worldwide. 

PODIUM MOMENTS

1. In 2023, Nu Skin was named the World’s No.1 Best-Selling Company for Beauty and Wellness Device Systems by Euromonitor International Ltd.

2. Nu Skin set a Guinness World Record for “The Most People Packing Meal Kits in 24 Hours.” At the event in the Salt Palace, 2,196 people packed 550,000+ meals for children in need. 

3. Subsidiary Rhyz Inc. is an ecosystem of consumer, technology and manufacturing companies focused on innovation within beauty, wellness and lifestyle.

4. Recently launched, RenuSpa iO is the first connected beauty and wellness device, restoring well-being, revitalizing appearance and refreshing the body through skin stimulation.

5. The company’s Nourish the Children initiative just reached the milestone of providing 850 million meals since 2002.

TAKE THEIR Q “Successful companies continually examine all aspects of their business. This requires an organizational discipline to adapt and make tough decisions.”

CITY American Fork FOUNDED 2005 EMPLOYEES 620 INDUSTRY Tech/security WEBSITE LVT.com LEADERSHIP Ryan Porter (48), Bob Brenner (62), David Studdert (49), Steve Lindsey (51) THE COMPANY A leading provider of cloud-based video security and analytics, offering solar-powered, cellular-connected mobile security units. 

PODIUM MOMENTS

1. LVT is the largest mobile security unit (MSU) provider in the world, creating and leading the market through technology and innovation.

2. In 2023, LVT became the official jersey patch sponsor of the Utah Jazz and Junior Jazz. LVT has also partnered with Miller Sports + Entertainment as the exclusive surveillance security partners for MSE properties and Larry H. Miller Real Estate.

3.  LVT currently serves 94% of the Fortune 100 retailers nationwide and over 55% of the Fortune 50 businesses.

4. LVT partnered with the Daybreak Vision Project, donating financially and sending employees to Africa  multiple times yearly to help with cataract surgeries. 

5. LVT’s explosive growth has enabled the team to expand their headcount by more than 5x since 2020.

TAKE THEIR Q “It is important to find the specific people who can rapidly build the capabilities of your business, and then invest in them.”

CITY Lehi FOUNDED 2018 EMPLOYEES 7,000+ INDUSTRY Food and beverage WEBSITE SavoryFund.com FOUNDERS Andrew K. Smith (49); Shauna K. Smith (46) THE COMPANY A private equity firm founded by restaurant operators, investing in emerging operators of the most exciting food and beverage brands in America.  

PODIUM MOMENTS

1. The largest restaurant group in Utah, Savory’s portfolio now has operations across 16 states. 

2.  In January 2024, Savory acquired South Block, a better-for-you acai and smoothie concept with 18 locations across Washington, D.C., Maryland and Virginia.

3. 2024 milestones include Swig popping with 80 locations, Mo’ Bettahs topping 60 units, Via 313 and Houston TX Hot Chicken each hitting 20; PINCHO reaching 14; and Hash Kitchen booming at 9. 

4. Every year, Savory hosts a free annual restaurant conference in Utah, attended by over 600 restaurant operators from around the country.

5. Savory has created over 11,000 jobs and donated over $2 million to local nonprofits across its brands.
TAKE THEIR Q “Today’s market changes so frequently that it is often hard to make plans that stick for longer than a month. Thankfully, one of our core values at Savory is stick-to-it-ive-ness. We never give up.”

CITY Provo FOUNDED 2006 EMPLOYEES 800 INDUSTRY Property investment WEBSITE PeakCapitalPartners.com FOUNDERS Jeff Burningham, Jeff Danley, Jamie Dunn THE COMPANY Peak and its affiliates own and manage properties in over 25 markets in the United States.

PODIUM MOMENTS

1. Each Peak property has been selected based on strict criteria and represents long-term growth opportunities.

2. Peak Capital Partners has been a National Multifamily Housing Council’s Top 50 largest apartment owner for five consecutive years.

3. The organization is dedicated to community engagement through a range of supportive programs at its properties. These include educational programs, food assistance and nutrition services, health and wellness initiatives, and social support services.

4. The future includes plans for responsible, modest growth, while offering excellent service at each property and above-market returns for investors.

5. Utah is growing fast while keeping a business-friendly and family-friendly culture, which is part of the reason Peak Capital Partners loves doing business here.

TAKE THEIR Q “We are happy to own nearly 30,000 units and be listed in the National Multifamily Housing Council’s Top 50 apartment owners for the last five years.”

CITY Draper FOUNDED 2001 EMPLOYEES 800+ INDUSTRY Marketing & sales WEBSITE Clearlink.com CEO James Clarke (51) THE COMPANY A Utah-grown “marketing as a service” platform.

PODIUM MOMENTS

1. Although the company has offices on five continents, over half of Clearlink’s employees live in Utah.

2. Clearlink’s portfolio drives over 3 billion impressions and serves 300 million customers per year. 

3. Clearlink was named Nitel Top Partner for Q1 2024, received the DIRECTV for BUSINESS Dedication Award, and was awarded Best Campaign of 2023 by Bulldog PR Awards. Clearlink was also recently named a 2024 Company Championing Women in Utah.

4. In 2011, Clearlink sold to Pamlico Capital. Over $60 million of ownership grants were allocated to their dedicated team on the day of the sale. James returning to lead Clearlink in 2022 marks another critical milestone.

5. Clearlink has supported dozens of organizations such as Habitat for Humanity, Ronald McDonald House Charities Intermountain Region, Encircl, Tech Moms, Women’s Leadership Institute, Utah Black Chamber, and more.

TAKE THEIR Q “Contribute to your community as your business grows. Integrate philanthropic efforts into your growth strategy to strengthen your teams, align your business more closely with the community, and achieve success through positive impact.”

CITY Lehi FOUNDED 2008 EMPLOYEES 850+ INDUSTRY SaaS WEBSITE GetWeave.com CEO Brett White THE COMPANY An all-in-one customer experience and payments software platform for over 31,000 healthcare businesses.

PODIUM MOMENTS

1. Weave offers employees some of the best benefits in Utah including generous parental leave, hybrid work schedules, and a flexible time off policy.

2. In 2021, Weave went public on the New York Stock Exchange. Two years later, the company reached over 31,000 customers and delivered over 1.8 billion unique interactions.

3. In May 2024, employees completed 508 volunteer hours and 27 volunteer activities with Courage Reins, Tabitha’s Way, Best Friends Animal Society and more.

4. Unlike larger healthcare institutions — dental clinics, veterinary hospitals, optometrists, and medical practices operate without dedicated IT teams, relying instead on user-friendly software solutions like Weave. 

5. From the first phone call to the final invoice and every touchpoint in-between, Weave connects the entire patient journey. 

TAKE THEIR Q “Invest in building strong relationships with your customers, continuously innovate your product offerings, and diversify your marketing strategies.”

CITY Orem FOUNDED 2019 EMPLOYEES 37 INDUSTRY Health & wellness WEBSITE JustIngredients.us CEO Karalynne Call (49) THE COMPANY A physical and e-commerce shop providing health and wellness products made with only real ingredients.

PODIUM MOMENTS

1. Just Ingredients’ 200+ non-toxic products are manufactured in Utah, supporting local industries.

2. Partnerships with the Utah Jazz last season, Salt Lake Bees and Utah Royals has helped the company become a preferred choice for athletes across the state. It also supports collegiate sports at Weber State, BYU and SUU. 

3. Just Ingredients sponsors major sporting events such as the Utah Valley, Big Cottonwood Canyon, and Deseret News Marathons.

4. In the past year, Just Ingredients filled 750,000 orders, possible only because of its efficiency and rapidly growing customer base.

5. Just Ingredients sponsors “break room takeovers,” visiting elementary school, firehouse and business break rooms to fill them with nourishing food options. 

TAKE THEIR Q “Family is central to our mission, as we strive to empower families everywhere to live healthier, happier lives. Education is another core principle, with a focus on teaching and learning from the latest research to make informed decisions.”

CITY Salt Lake/Utah County FOUNDED 1998 EMPLOYEES 205 INDUSTRY Commercial real estate LEADERSHIP Lew Cramer (75), Brandon Fugal (51), Jeanette Bennett (49) WEBSITE colliers.com THE COMPANY The largest commercial real estate firm in Utah, specializing in industrial, office, retail and land. 

PODIUM MOMENTS

1. Colliers Utah operates with more than 200 professionals located in four offices stateside.

2. Brandon Fugal launched his commercial real estate firm in 1998 and the company has experienced multiple iterations and mergers before becoming part of Colliers in 2018. 

3. Colliers International is a global leader with 18,000 professionals in 500 offices located in 68 countries, with the U.S. headquarters in Los Angeles and the global headquarters in Toronto.

4. Colliers is committed to serving the community and improving the quality of life and economy in Utah.

5. Colliers takes pride in being involved with nonprofit organizations like United Way, Junior Achievement, Saprea and others.

TAKE THEIR Q “We are trusted advisors to our clients, as every entrepreneur also needs a real estate strategy.”