Q4 2022



We are pleased to present the Q4 2022 Idaho Deal Flow Report, the fourth quarterly report of 2022. Q4 closed with 19 deals: $3 billion in disclosed M&A deals and $75 million in Private Placement deals.

M&A Deals

Q4 had a this year’s second multi-billion dollar deal with the acquisition of Peninsula Pacific Entertainment. The company operates a number of gaming venues across the country with operations in Ketchum. Churchill Downs announced its acquisition of Peninsula Pacific for $2.75 billion on November 1st. Churchill Downs, a 150-year old company, plans to incorporate Peninsula Pacific’s assets into its extensive gaming portfolio. 

While the Peninsula Pacific deal certainly eclipsed this quarter’s total amount, MarkMonitor was acquired for $300 million on the same day. MarkMonitor joined the Newfold Digital family of companies, which includes web giants like Bluehost, CrazyDomains and Web.com, among others.

Private Placement Deals

KORE Power out of Coeur d’Alene closed the first $75 million tranche out of a $150 million round. The round was led by Siemens Financial, with Quanta Services, Nidec Motor Corporation, Honeywell Ventures and Trog Hawley Capital joining the investor group. The company is planning a lithium-ion battery gigafactory in Phoenix, and claims it will be one of the first independent battery cell factories in the country.

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 Q4 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






Deals by Industry


wdt_ID Company City Region County Headcount Founded Industry Executive Leader Date Amount Amount Int Deal Type Investor(s)
1 Northwest Traffic Services Boise Southwestern Ada 0 2013 Services Cody South 10/01/2022 Undisclosed M&A Area Wide Protective
2 Albeni Falls Building Supply Oldtown Northern Bonner 40 1948 Materials & Resources David Melbourn 10/24/2022 Undisclosed M&A Kodiak Building Partners
3 Orflo Technologies Ketchum Central Blaine 7 2003 Healthcare Varshal Dave 10/27/2022 Undisclosed M&A United BioChannels
4 MarkMonitor Boise Southwestern Ada 0 1999 Technology/Software Richard Hanks 11/01/2022 $302,500,000 302,500,000 M&A Newfold Digital
5 Peninsula Pacific Entertainment Ketchum Central Blaine 267 1999 Consumer/Retail Natalie Schramm 11/01/2022 $2,750,000,000 2,147,483,647 M&A Churchill Downs
6 RescueStat Meridian Southwestern Ada 26 2002 Healthcare James Hart 11/01/2022 Undisclosed Private Placement Aspect Investors
7 Donnelley Sports Twin Falls Eastern Twin Falls 0 1975 Consumer/Retail Pat Donnelley 11/14/2022 Undisclosed M&A Varsity Brands
8 KORE Power Coeur d’Alene Northern Kootenai 91 2018 Technology/Software Lindsay Gorrill 11/30/2022 $75,000,000 75,000,000 Private Placement Quanta Services, Nidec Motor, Honeywell Ventures, Trog Hawley Capital and Siemens Financial Services
9 J.K. Merrill & Sons Pocatello Eastern Bannock 25 1950 Materials & Resources Lloyd Merrill 12/01/2022 Undisclosed M&A Sunroc
10 I/D/E/A Caldwell Southwestern Canyon 1,600 1968 Materials & Resources 12/05/2022 Undisclosed M&A Lincolnshire Management
11 Integrity Search Meridian Southwestern Ada 6 2017 Services William Wyatt 12/08/2022 Undisclosed M&A Starfish Partners
12 Natural Intelligence Systems Boise Southwestern Ada 11 2016 Technology/Software Paul Dlugosch 12/08/2022 $390,000 390,000 Private Placement
13 xCraft Coeur d’Alene Northern Kootenai 8 2013 Technology/Software Jerry Claridge 12/09/2022 $3,024 3,024 Private Placement
14 American Revolution Vodka Boise Southwestern Ada 0 2010 Consumer/Retail Walt Kerpa 12/13/2022 Undisclosed Private Placement Cypress Ascendant
15 Berggren Diesel Idaho Falls Eastern Bonneville 0 2013 Services Michael Carrosino 12/13/2022 Undisclosed M&A FleetPride
16 Neurilink Boise Southwestern Ada 41 2012 Materials & Resources Michael Fornander 12/16/2022 Undisclosed M&A AVI Systems
17 Summit Aircraft Sandpoint Northern Bonner 0 1992 Services Mike Custard 12/21/2022 Undisclosed M&A Cub Crafters
18 Pocatello Nissan Pocatello Eastern Bannock 0 Services Chris Russell 12/27/2022 Undisclosed M&A Robert Allen
19 Uncle Ed’s Damn Good Vodka Boise Southwestern Ada 6 2021 Consumer/Retail Walt Kerpa 12/01/2022 Undisclosed Private Placement Cypress Ascendant
Company City Region County Headcount Founded Industry Executive Leader Date Amount Amount Int Deal Type Investor(s)


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