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Vivint CEO buying golf course, becoming developer

March 27, 2013Tess Nacelewicz

Vivint has been in the news a lot since it was acquired late last year by the Blackstone Group for more than $2 billion. But the latest scoop is actually about the CEO of the Provo, Utah-based company, Todd Pedersen. He's about to buy a golf course in nearby Orem and turn it into a housing development where he and others will live, according to the Daily Herald, a Provo-based newspaper. But Pedersen also will give 20 acres of the property back to the city for recreation, the report says. The paper...

Blackstone Group, Cascade Golf Center, Todd Pedersen, Vivint

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