Q3 2022


Photo by Jason Schuller.


We are pleased to present the Q3 2022 Idaho Deal Flow Report, the third quarterly report of 2022. Q3 closed with 22 deals: $67.5 million in disclosed M&A deals and $127 million in Private Placement deals.

We are excited to introduce the College of Idaho as a new collaborator. Students in the Private Market Finance course assisted in providing deal flow analysis for this quarter’s report, and we look forward to working with them on future quarterly and annual Deal Flow Reports.

M&A Deals
Northwest Specialty Hospital was acquired by Hammes Partners, an investment firm focused on healthcare real estate. The hospital, a small surgical multispecialty facility, was acquired for $67.5 million, making it the largest deal of the quarter. The hospital has not publicly announced any material changes to the operations of the business.

The Services industry had 7 out of 13 M&A deals. The acquired companies include a wide range of competencies: commercial utilities, medical, transportation, and automobile services. While this could be considered an uptick in Services deals, there doesn’t seem to be a meaningful trend that would provide insights.

Private Placement Deals
This quarter’s largest private placement deal was MAD Energy‘s $98 million raise. MAD Energy is a “clean energy infrastructure developer and technology incubator”. The incubator focuses on competencies like liquid natural gas, hydrogen energy, and other alternative energy technologies. 

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 Q3 2022 Deal Flow Report!  

Did we miss anything?


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


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Total Deals






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Deals by Industry

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wdt_ID Company City Region County Company Description Headcount Founded Industry Executive Leader Date Amount Amount Internal Type Stage M&A Type Investor(s)/Acquired by
31 Rescription Ketchum South Central Developer of a pharmaceutical drug database platform designed to offer prescription drugs at the lowest prices. 16 2021 Services Scott Martin 04/04/2023 Undisclosed 0 Private Placement Early Stage VC Connetic Ventures
32 Blue Mountain Agri-Support Lewiston North Central 1987 Materials and Resources 04/10/2323 Undisclosed 0 M&A Strategic Agri-Service
33 Fenton’s Office Solutions Idaho Falls Eastern 1999 Consumer and Retail Vernon Fenton 04/10/2023 Undisclosed M&A Strategic Pacific Office Automation
34 Scout Discoveries Coeur d’Alene Northern 2023 Materials and Resources Colin Livingston 04/20/2023 $129,200 129,200 Private Placement Angel (Individual)
35 Timberline Resources Coeur d’Alene Northern 1968 Materials and Resources Ted Sharp 04/27/2023 $3,000,000 3,000,000 Private Placement PIPE
36 Gravwell Coeur d’Alene Eastern 2017 Technology and Software Corey Thuen 05/01/2023 $3,000,000 3,000,000 Private Placement Later Stage VC Innosphere Ventures
37 GuideTime Hayden Lake Northern 2020 Technology and Software Danilo Jankovich 05/01/2023 $50,000 50,000 Private Placement Angel (Individual)
38 RealCount Boise Southwestern 0 Financial Services Jeff Russell 05/01/2023 Undisclosed 0 M&A Financial Housatonic Partners
39 WCS Consulting Meridian Southwestern 2014 Services Aisha Jackson 05/07/2023 Undisclosed M&A Strategic BV Investment Partners, Krypt
40 Get Whys Boise Southwestern 2023 Technology and Software Philippe Boutros 05/08/2023 $30,000 30,000 Private Placement Angel (Individual)
41 The Loop Technologies Boise Southwestern 2005 Technology and Software James Garrett 05/11/2023 Undisclosed M&A Strategic Garrett Integrated Systems
42 Infinity Insurance Group Post Falls Northern 2010 Services 05/17/2023 Undisclosed M&A Strategic Alkeme Insurance, GCP Capital Partners
43 In The Ditch Towing Products Mountain Home Southwestern 2006 Consumer and Retail Charles Ceccarelli 05/18/2023 Undisclosed Private Placement PE Growth/Expansion Clearview Capital
44 SeekingSimple Eagle Southwestern 2018 Technology and Software Clay Young 05/18/2023 $500,380 500,380 Private Placement Later Stage VC
45 Safety Provisions Rexburg Eastern 1992 Services Arthur Lee 05/19/2023 Undisclosed M&A Strategic 360training.com, GreyLion, Redhawk Investment Group, Vestar Capital Partners
46 Gem State Fiber Boise Southwestern 0 Services 05/25/2023 Undisclosed M&A Strategic Revive Infrastructure Group, Sileo Capital
47 Tovuti Eagle Southwestern 2017 Technology and Software Troy McClain 05/25/2023 $6,000,000 6,000,000 Private Placement Later Stage VC Blueprint Equity, Capital Eleven, Scop Venture Capital
48 Natural Intelligence Systems Boise Southwestern 2016 Technology and Software Paul Dlugosch 06/01/2023 $880,000 880,000 Private Placement Later Stage VC Boise Angel Alliance, Starburst (Accelerator/Incubator), Techstarts, THV-NIS Investors, Weobly One Capital
49 Schweitzer Mountain Sandpoint Northern 1963 Consumer and Retail Rod Engel 06/01/2023 Undisclosed M&A Strategic Alterra Mountain, KSL Capital Partners
50 Swear Boise Southwestern 2022 Technology and Software Jason Crawforth 06/07/2023 $250,000 250,000 Private Placement Seed Round
51 Tribute Media Meridian Southwestern 2007 Services Lindsey Bowshier 06/08/2023 Undisclosed M&A Strategic Hawke Media
52 Bluebird Health Meridian Southwestern 2020 Healthcare Justin Stenquist 06/16/2023 Undisclosed M&A Strategic Pennant Group
53 ESP Printing & Mailing Boise Southwestern 1973 Services 06/21/2023 Undisclosed M&A Strategic Growth Media North America
54 Splash (Beverages) Eagle Southwestern 2014 Consumer and Retail Robert Imeson 06/23/2023 Undisclosed Private Placement Equity Crowdfunding
55 Skylab Insurance Solutions Meridian Southwestern 2020 Technology and Software Rob Stadnick 06/27/2023 $2,000,000 2,000,000 Private Placement Corporate
56 ChatterQuant Boise Southwestern 2021 Financial Services Bars Jugasz 06/30/2023 Undisclosed M&A Strategic Money.Net
wdt_ID Company City Region County Company Description Headcount Founded Industry Executive Leader Date Amount Amount Internal Type Stage M&A Type Investor(s)/Acquired by


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