Q1 2022
IDAHO DEAL FLOW REPORT
WELCOME
We are pleased to present the Q1 2021 Idaho Deal Flow Report, the first quarterly report of 2022. This year began with some landmark deals, including a $2.2 billion acquisition.
Q1 closed with $2.4 billion in disclosed M&A deals, $130 million in Private Placement deals, and one ESOP deal.
M&A Deals
The biggest deal of the quarter was Republic Services (Phoenix) acquisition of US Ecology (Boise). US Ecology specializes in the treatment, disposal, and recycling of various waste. Republic Services will be able to vertically integrate and expand their environmental waste services. Republic Services acquired all outstanding shares at $48 each with a total value of $2.2 billion.
Meal Ticket (Boise), a food service software company, was acquired by MarketMan (New York) for $100 million. Meal Ticket complements MarketMan’s inventory management platform, and the acquisition will help the company move development initiatives forward.
Private Placement Deals
Q1’s Private Placement deals were led by Plextrac‘s $70 million Series B and Robocast‘s $35 million Series B. Plextrac, which closed a $10 million Series A in April of 2021, closed an exciting Series B in February of 2022. The round will fund growth including recruiting, brand image, product development, and market reach.
Robocast owns patents to help automate the web. The company raised $35 million from 2 NRP managers, and will benefit from the firm’s knowledge in IP law and patent initiatives.
Employee Stock Ownership Plan
Idaho saw two ESOP deals in 2021, and opened the year with a deal from Bardenay Restaurants, a Treasure Valley staple founded in 1999. Ownership of the company was transferred to a trust, which then allows employees to withdraw at retirement or leave.
We look forward to hearing from you—our collaborators—about other deals and additional details not yet included in this report.
If you know of additional details, please don’t hesitate to email Maggie Hyde at maggie@alturas.com.
Thank you for all your support and enjoy our Q1 2021 Deal Flow Report!
DEAL FLOW SNAPSHOT
TOTAL CAPITAL
TOTAL DEALS
M+A DEALS
DEAL FLOW DATA
Overview
Deals by Industry
DEALS
Employee Stock Ownership Plan

Bardenay Inc.
Consumer/Retail
Undisclosed
Private Placements
Deal Search
To select multiple fields, CTRL+Click.
[searchandfilter id=”4407″]

Athlyt
Technology/Software
$775,000

AutoLOTO
Technology/Software
$1,100,000

Convertkit
Technology/Software
UNDISCLOSED

Discount
Financial Services
UNDISCLOSED
STAGE: Seed/Angel

EdPower
Technology/Software
$400,000
STAGE: Seed/Angel

Free to Feed
Healthcare
$600,000
STAGE: Seed/Angel

Helium Vision
Technology/Software
$350,000
STAGE: Seed/Angel

Hempitecture
Materials & Resources
$5,200,000

Idaho Strategic Resources
Materials & Resources
$2,700,000

Kahilla
Technology/Software
$1,900,000
STAGE: Seed/Angel

Karus
Technology/Software
$1,600,000
STAGE: Seed/Angel

Karus
Technology/Software
$1,000,000
STAGE: Seed/Angel

Light Bio
Consumer/Retail
$10,000,000
STAGE: Series A

PlexTrac
Technology/Software
$70,000,000
STAGE: Series B

Robocast
Technology/Software
$35,000,000
STAGE: Series B

Tamarack Aerospace
Consumer/Retail
$114,808
Mergers + Acquisitions
Deal Search
To select multiple fields, CTRL+Click.
[searchandfilter id=”4414″]

Avercast
Technology/Software
UNDISCLOSED
Business Interiors of Idaho
Services
UNDISCLOSED

Can Do & Showers Insurance Agency
Financial Services
UNDISCLOSED
Elite Utilities and Trenching
Services
UNDISCLOSED

Idaho First Bank
Financial Services
$65,000,000
Jackson Jet Center
Services
UNDISCLOSED

Meal Ticket
Technology/Software
$100,000,000

Orofino Builders Supply
Materials & Resources
UNDISCLOSED

US Ecology
Services
$2,200,000,000

Western Power Sports
Consumer/Retail
UNDISCLOSED
ABOUT ITC

The voice of Idaho’s Technology Based Industry. Driving Idaho into a knowledge based economy with initiatives around Talent, Access to Capital and Commercialization.
ABOUT ALTURAS

Alturas owns and operates multiple companies and real estate assets. Everything is centered around creating value for our partners, employees and customers.
ABOUT BUILT IN IDAHO

Built in Idaho is a digital community for Idaho business owners, investors and entrepreneurs on a mission to amplify investment and entrepreneurship within our state.