Q2 2022
IDAHO DEAL FLOW REPORT
Photo by Jason Schuller.
WELCOME
We are pleased to present the Q2 2022 Idaho Deal Flow Report, the second quarterly report of 2022. This quarter was relatively quiet compared to previous quarters, but Idaho saw an acquisition of a hometown fitness company and plenty of seed investments in the Technology/Software industry.
Q2 closed with $31 million in disclosed M&A deals and $138 million in Private Placement deals.
M&A Deals
Valley Truss (Boise) had the only disclosed deal amount at $31,200,000 in an acquisition by Builders FirstSource. The Dallas-based company operates over 560 locations nationwide, and the Valley Truss location is its 12th in Idaho. Valley Truss was founded by Bob Buchwitz in 1962 and later sold to Jason and Mike Moodie, who will continue to be involved in the company during the transition.
Treasure Valley-based Axiom Fitness was acquired by VillaSport Athletic Club. VillaSport is known for its high-end fitness centers in Oregon, California, Colorado, and Texas. The company had previously planned to open its own branded center in 2020, but the site is now slated for housing development. This acquisition allows the company to penetrate the fast-growing Treasure Valley market, and plans to keep the current Axiom branding on its local centers.
Private Placement Deals
Q2 saw an increase in crowdfunding activity, with Lighting Clean (Boise), Hempitecture (Ketchum), Three Sisters (Boise), Xcraft Coeur d’Alene), and Pitch Aeronautics (Boise) raising seed capital via venture crowdfunding platforms. With the uncertainty of the market and multiple large venture firms cautioning startups about access to capital, we expect to see more creative types of fundraising in the coming months.
Tractor Beverage (Coeur d’Alene) received a notable amount of capital from their partnership with Keurig Dr. Pepper. The beverage company raised $18 million in a Series B deal in 2020, and another $15 million in Q2 2022. Another notable deal included Bank of Idaho‘s (Idaho Falls) $53 million raise. The bank has been expanding rapidly, with multiple new locations near Boise.
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 Q2 2022 Deal Flow Report!
DEAL FLOW SNAPSHOT
TOTAL CAPITAL
TOTAL DEALS
M+A DEALS
DEAL FLOW DATA
Overview
Deals by Industry
DEALS
Private Placements
Deal Search
To select multiple fields, CTRL+Click.
[searchandfilter id=”4407″]

Alphy
Technology/Software
$7,500,000
STAGE: Seed/Angel

Bank of Idaho Holding
Financial Services
$53,200,000
STAGE: Growth Equity

Cauze
Technology/Software
$1,030,000
STAGE: Seed/Angel

Covr Financial Technologies
Technology/Software
$15,000,000
STAGE: Series B

East Idaho Credit Union
Financial Services
$10,000,000

Hempitecture
Materials + Resources
$4,650,000
STAGE: Seed/Angel

Juno
Technology/Software
$10,000,000
STAGE: Series A

Lightning Clean
Consumer/Retail
$81,376
STAGE: Seed/Angel

Natural Intelligence Systems
Technology/Software
$750,000
STAGE: Seed/Angel

ONIT Marketing
Services
$720,000
STAGE: Seed/Angel

Pinnacle Integrated Medicine
Technology/Software
$998,250
STAGE: Seed/Angel

Pitch Aeronautics
Technology/Software
$46,514
STAGE: Seed/Angel

Regen
Materials + Resources
$100,000
STAGE: Seed/Angel

RescueStat
Services
UNDISCLOSED
STAGE: Growth Equity

SeekingSimple
Technology/Software
$1,570,000
STAGE: Seed/Angel

Simply Eloped
Services
UNDISCLOSED
STAGE: Growth Equity

Solitech Wireless
Technology/Software
$2,880,000
STAGE: Seed/Angel

SturdyAI
Technology/Software
$3,100,000
STAGE: Seed/Angel

Tamarack
Consumer/Retail
$500,000
STAGE: Seed/Angel

Three Sisters Artisanal Meat
Consumer/Retail
UNDISCLOSED
STAGE: Seed/Angel

Timberline Resources
Materials + Resources
$4,730,000
STAGE: Growth Equity

Tractor
Consumer/Retail
$15,000,000

Ultimate Heating & Air
Services
UNDISCLOSED
STAGE: Growth Equity

Xcraft
Technology/Software
$86,611
STAGE: Seed/Angel
Mergers + Acquisitions
Deal Search
To select multiple fields, CTRL+Click.
[searchandfilter id=”4414″]

Association Management
Services
UNDISCLOSED

Axiom Fitness
Consumer/Retail
UNDISCLOSED

Charter Seed Company
Materials + Resources
UNDISCLOSED

Curtis Orthodontics
Healthcare
UNDISCLOSED

Elevation Labs
Consumer/Retail
UNDISCLOSED

J.A. Bertsch Heating & Cooling
Services
UNDISCLOSED

Lolly Labs
Technology/Software
UNDISCLOSED

Metageek
Technology/Software
UNDISCLOSED

Microbe Formulas
Consumer/Retail
UNDISCLOSED

NorthPoint Group
Services
UNDISCLOSED

Outbrand
Services
UNDISCLOSED

Primary Weapons Systems
Technology/Software
UNDISCLOSED

Terry's Heating and Air Conditioning
Services
UNDISCLOSED

Valley Truss
Materials + Resources
$31,200,000
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