2024

IDAHO DEAL FLOW EXECUTIVE SUMMARY

A COLLABORATIVE REPORT PRESENTED BY:

OPENING REMARKS

Dear Friends,

It is an honor for me to introduce the 2024 Idaho Deal Flow Report spotlighting many of the industries flourishing in Idaho along with their investment partners.

It’s no accident we have one of the strongest economies in the nation and rank high among states in categories that include good government, fiscal solvency, and tax relief. The resiliency and commitment of our employers and entrepreneurs combined with the strategic, meaningful investments we’re making in education, workforce, and infrastructure together create a recipe for success.

I am particularly proud of the investments we’re making in our workforce with LAUNCH, our new plan to invest in “real world” jobs like those you find in the technology sector. LAUNCH catapults Idaho as one of the most forward-thinking states in the nation for workforce development and postsecondary education. LAUNCH, along with our historic investments in education, will help position Idaho’s technology sector for even more strength and success.

For those who have called Idaho home for years – and for many of us, a lifetime – it is no wonder companies and people from other parts of the country and the world are choosing the Gem State to invest, do business, and live life. Our communities share in the excitement of an entrepreneur starting a business. We root for innovation and investment in our existing businesses, large and small. We extend open arms to anyone wishing to come here from somewhere else to retire, raise their families, or expand or relocate a business.

I appreciate the Idaho Technology Council and all the volunteers and organizers for contributing to the Idaho Deal Flow Report. Once again, you have put together an outstanding resource that summarizes trends in business activity and identifies where we excel and where can improve.

Together we will remain intently focused on public policies that support education, workforce development, economic growth, and prosperity because the next generation of Idahoans need the same kind of job opportunities in Idaho that they can find in large cities. With your help, we will continue to meet my goal of making Idaho the place where our children and grandchildren choose to stay.

Brad Little
Governor of Idaho

DEAL FLOW SNAPSHOT

Billion
$ 0

TOTAL CAPITAL

Closed
0

TOTAL DEALS

NOTEWORTHY DEALS OF 2024

Private Placements

Million
$ 0
2
Million
$ 0
1
Million
$ 0

Mergers + Acquisitions

2
Billion
$ 0
5
Billion
$ 0
3

Undisclosed

Public Offerings

4
Million
$ 0

2024 FINDINGS + CONCLUSIONS

DEAL FLOW DISCLAIMER

This publication does not contain an exhaustive list of all transactions for 2024 that took place in Idaho, as many of those transactions were confidential, not reported or not made public. Data was obtained by working alongside our networks and in conjunction with key ecosystem leaders to substantiate this work, however, we make no representation or warranty as to the reliability, accuracy, or completeness of the information herein.

DATA OVERVIEW

DEALS BY TYPE

Deal Count by Type

Deal Volume by Type

DEALS BY INDUSTRY

Number of Deals by Industry

% of Total Volume by Industry

DEALS BY REGION

Average Deal Amount by Region

HISTORICAL DATA

TOTAL DEAL FLOW

Number of Deals

$ Total Volume (Billions)

MERGERS AND ACQUISITIONS

M&A DEALS 2024

247 Media Industries Undisclosed
Ada Sand & Gravel Undisclosed
Addison Collision Repair Undisclosed
Advanced Benefits Undisclosed
AEl Engineering Undisclosed
Alpine Meadows $9,000,000
Anonymous $22,000,000
Apex Integrated Security Solutions Undisclosed
Arrowrock Supply Undisclosed
ASB taskTracker Undisclosed
Atomic Alchemy $25,000,000
Bertelsen Education Undisclosed
Bitterroot Communications Undisclosed
Blackhawk Exploration $4,223,522
Bluebird Express Undisclosed
Bruneel Point S Tire and Auto Service Undisclosed
Bryden General & Implant Dentistry $1,620,000
Butler Insurance Services Undisclosed
Capitol Auto Body Undisclosed
Crandall-Swenson Undisclosed
Doctor’s Hospice of Idaho Undisclosed
EdPower Undisclosed
Epic Shine Car Wash Undisclosed
Galena Complex $10,000,000
Gem State Welders Supply Undisclosed
GoldMining $3,000,000
Health+Commerce Undisclosed
Healthwise Undisclosed
Heartland Pharmacy Undisclosed
Hero Snacks Undisclosed
Hoffman Auto Body Undisclosed
Hook Undisclosed
House of Design Undisclosed
iCapture Undisclosed
Idaho Package Company Undisclosed
Idaho Wine Merchant Undisclosed
Impact Case & Container Undisclosed
Inland Forest Management Undisclosed
Insight Distributing Undisclosed
International Isotopes $12,500,000
J&J Auto Body Undisclosed
JG Neil & Co. Undisclosed
jitasa Undisclosed
K-F Electric Undisclosed
KidsEmail.org Undisclosed
Legacy Feed and Fuel Undisclosed
LJD Holdings Group Undisclosed
Meridian Bowling Lanes Undisclosed
MetaGeek Undisclosed
Mountain States Transformer Service Undisclosed
Nest Egg Investments Undisclosed
Northwest Building Systems Undisclosed
OnPoint Veterinary Hospital Undisclosed
PartnerHero Undisclosed
Pathology Associates of Idaho Falls Undisclosed
Paycheck Connection Undisclosed
PetlQ $1,500,000,000
Petso Financial Consultants Undisclosed
Post Insurance Services Undisclosed
POWER Engineers $1,780,000,000
Pro West Engineering Undisclosed
Quality Door & Millwork Undisclosed
Quick Dry Restoration Undisclosed
RedBuilt Undisclosed
Ridgeline Minerals $150,000
Rocky Mountain Electric Undisclosed
Saltzer Medical Group Undisclosed
Simply Eloped Undisclosed
Sloan Security Group Undisclosed
Stewards of Recovery Undisclosed
Streamside Assisted Living and Memory Care Undisclosed
Sundance Consulting Undisclosed
Sustas Undisclosed
Table Rock Senior Living Undisclosed
Tasker Electrical Construction $5,500,000
Ten Oaks Commercial Capital Undisclosed
The Studio Academy of Beauty Undisclosed
Timberline Resources $22,000,000
Treasure Valley Fire Protection Undisclosed
Uria Auto Body Undisclosed
Valley Lumber & Rental Undisclosed
Veterans Plumbing Undisclosed
Warfield Distillery & Brewery Undisclosed
Western Timber Products Undisclosed

PRIVATE PLACEMENTS

PRIVATE PLACEMENT DEALS 2024

Advanced Home Health Undisclosed
American Ostrich Farms $3,840,000
Artfaire Undisclosed
Black Ice Data $250,000
Bluewire, LLC Undisclosed
BoldHue $3,400,000
BYH $497,000
Casa Shares $1,500,000
Clarity Technologies $4,690,000
Contio $5,150,000
Coulée Coffee $2,460,000
Covr Financial Technologies $12,740,000
DataTel Undisclosed
Dharma Dr. $405,000
EDJY $1,150,000
Galena Innovations Undisclosed
GarageSkins $920,000
GetWhys $2,750,000
Gierd $8,000,000
Harris CPAs $166,850,000
Hempitecture Undisclosed
Heritage Imaging Undisclosed
Idaho Copper $1,500,000
Incluudsoft $2,430,000
ioAire $740,000
Kelsi’s Kitchen $310,000
Kit Undisclosed
Kno2 Undisclosed
Kodiak Tech Undisclosed
Lamb Weston Holdings $1,540,640,000
LeanLaw $1,250,000
Lightcast $2,800,000
Magic Valley Electric Undisclosed
Melni Technologies $2,000,000
Metallis Resources Undisclosed
Mountain West Bank $9,500,000
Natural Intelligence $1,920,000
Ovum Health Undisclosed
Pay4Me App Undisclosed
Pest Share $2,720,000
Pitch Aeronautics $850,000
PodUp $150,000
Red Balloon $1,130,000
Saltzer Health Undisclosed
Scout Discoveries $9,270,000
SeekingSimple $560,000
Sentius Undisclosed
Shadowscape Undisclosed
Soiltech Wireless $5,890,000
Sounder Benefits $7,500,000
Spin Drift Technologies Undisclosed
Splash $1,030,000
Splash $4,000,000
SpyderWatch $100,000
STEM Forged $100,000
SticNstac Undisclosed
Switchboard Health $6,500,000
Team SR2 Undisclosed
Textual Undisclosed
Thunder Mountain Gold $620,000
Tracer $6,900,000
Truckstop Undisclosed
Washie Undisclosed

PUBLIC OFFERINGS

PUBLIC OFFERING DEALS 2024

Clearwater Analytics Undisclosed
Pennant Group $108,500,000
xCraft Undisclosed

THANK YOU TO OUR SUPPORTERS

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