2022

IDAHO DEAL FLOW REPORT

A COLLABORATIVE REPORT PRESENTED BY:

OPENING NOTES

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Special thanks to the Deal Flow Report team at the College of Idaho, led by Professor Seth Ruhter.
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Jahona Akbarova
Loi Ha
Dorian Hardin
Benjamin Hermes
Blake Murray

OPENING REMARKS

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DEAL FLOW SNAPSHOT

Billion
$ 0

TOTAL CAPITAL

Total Deals
0

TOTAL DEALS

Billion
$ 0

M+A DEALS

BIGGEST DEALS OF 2022

Private Placements

Undisclosed Investors
$ 0 M
Led by Siemens Financial
$ 0 M
Led by Insight Partners
$ 0 M

Mergers + Acquisitions

Acquired by Churchill Downs
$ 0 B
Acquired by Republic Services
$ 0 B
Acquired Coastal Plywood
$ 0 M

ESOP

DEAL FLOW DATA

Data Overview

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ESOP

An employee stock ownership plan (ESOP) is an ownership structure that allows employees to own shares of their employer’s stock. ESOPs can be a way for employees to accumulate wealth and benefit from the success of the company they work for. Bardenay Inc. had the only ESOP deal in Idaho in 2022.

Bardenay Inc is a restaurant chain and distillery based in Boise. The company was founded in 1999 by Kevin Settles, who converted a historic brick building in downtown Boise into a restaurant and distillery. Bardenay quickly became popular for its unique combination of dining and spirits, and the company expanded to additional locations in Eagle and Coeur d’Alene.

Bardenay also produces its own line of spirits, including vodka, gin, and rum, which are distributed to liquor stores throughout Idaho. The company has been recognized with numerous awards for its spirits, including a gold medal at the San Francisco World Spirits Competition.

Today, Bardenay continues to expand with new locations, as well as plans for a new distillery in the Boise area. The company remains committed to its roots as a locally owned and operated business, with a focus on using high-quality, locally sourced ingredients in its food and drinks.

Bardenay Inc.

Consumer/Retail
January 6, 2022
County: Ada
City: Boise
Region: Southwestern
Headcount: 55
CEO: Kevin Settles
Bardenay Inc. transitioned ownership to a trust-based ESOP. The trust is executed by an independent trustee, and employees withdraw at time of leave or retirement.
UNDISCLOSED

PRIVATE PLACEMENTS

DATA