Locally owned. Supported by members.

Deal Flow: Annual report shows billions moving through Idaho’s economy

ICCU Idaho
Idaho Business pres. by My 102.7

The annual Idaho Deal Flow report hit the streets Wednesday morning at the annual Capital Connect conference in Boise. The report, presented by Alturas Capital and Holland and Hart, details the dollars flowing through Idaho companies big and small.

The 2018 report looks at public listings, private placements and mergers and acquisitions. It provides data and information on more than 136 companies – from A7 Core to Ziggie, Inc.

“In 2018, Idaho was recognized as the fastest growing state in the country” Blake Hansen with Alturas and Alison Johnson with Holland & Hart wrote. “Idaho’s businesses are receiving increased attention and investment dollars from capital providers within the state and from around the country. More venture capital, private equity, and angel funds are coming to Idaho to find new investment opportunities in Idaho companies.”

(Disclosure: Holland & Hart is a BoiseDev sponsor, but is not involved with the selection or production of this story).

“There’s an additional segment of deals we just don’t know about,” Hansen said during the Capital Connect event. “I promise you there are more deals we can’t capture.”

- Story continues below ads -
IBL Events
Paddles Up Poke

He said there is likely billions in activity beyond what the Deal Flow report can capture.

Big numbers

Courtesy Idaho Deal Flow report

The report outlines 163 deals – with the dollar amounts attached to many of them. That’s up from 147 deals the prior year – and the second-highest since tracking began in 2010.

Ninety-two of the deals came from private placement, an investment made off of the public markets. Seventy deals fall into the category of mergers & acquisitions. A single deal, from PetIQ, came through public placement.

The total dollar volume of deals with price tags attached hit $1.73 billion in 2018, down from $2.4 billion in 2017. While the total reported volume dropped, the 2017 number popped due to Micron Technology’s retirement of $1.19 billion in stock. Because many deals keep the financials private, the Idaho Deal Flow report only looks at sources for which it can obtain publicly or via reports from those involved.

Sectors & geography

Tech and software drove the most activity in terms of volume, with 24% of all dollars attached. Consumer/retail and materials/resources followed with 20% each.

Courtesy Idaho Deal Flow report

As you might expect, the highest number of deals came from Ada County. $1.356 billion of the volume flowed through Ada Co. companies – or nearly 78% of the reported total.

But business deals are happening all around Idaho according to the report. In terms of number of deals, Ada County’s 81 accounted for just less than half of the totals.

Thirty deals happened to companies based in Kootenai County – the area around Coeur d’Alene in North Idaho. Nine deals happened in Bonneville County around Pocatello. Another eight originated in Blaine County near Sun Valley.

Love our stories? Get them delivered straight to your inbox each afternoon. Plus, support BoiseDev's independent journalism.

Don Day
Don is the founder and editor of BoiseDev. He is a National Edward R. Murrow Award winner and a Stanford University John S. Knight Fellow.

Les Schwab Tires, Idaho town staple, gains large new owner

The stores in Les Schwab country have a new owner. The Oregon-based tire chain went on the block last...

Boise’s Clearview Cleaning sold to larger cleaning company

Boise's Clearview Cleaning has a new owner. Kellermeyer Bergensons Services bought out the Garden City-based cleaning company earlier this...

McLean releases economic recovery taskforce recommendations

Four months after Mayor Lauren McLean convened an Economic Recovery Taskforce to propose solutions to help the economy recover from the pandemic,...

Photos and detail: Amazon nears opening of large Nampa facility

Nine months after construction started on the new Amazon warehouse facility in Nampa, the company gave the media a tour Tuesday. ...

Popular

Popular Idaho mountain hot springs goes up for sale

If you're someone who has thought about purchasing a hot spring, now may be the time to do it. 

Stalled Anthony’s restaurant restarts, announces opening date

Seafood lovers, rejoice! After putting construction on hold this Spring, construction resumes on Anthony's new restaurant in Downtown Boise.

Photo tour: Idaho 55 work zone down to one lane with machinery, rock in narrow canyon

Late last week, we drove through the Idaho Highway 55 canyon between Smith's Ferry and Round Valley. The Idaho Transportation recently...

Proposed tall downtown building gets reworked in face of neighbor concerns

Earlier this year, BoiseDev broke news of a new 16-story building slated for Downtown Boise. Now the project's developer...

Large student apartment project turned down after McLean breaks city council tie

Boise Mayor Lauren McLean cast the deciding vote to turn down an upscale student housing project near Boise State University.  It's the...

Saltzer Health sold again, this time to major Utah health system

Saltzer Health will soon be under new ownership. Starting Oct. 1, Saltzer Health will join Salt Lake City-based...

Related

Live event to feature growing Idaho businesses, entrepreneurs

The Idaho Tech Council's annual Capital Connect event will go online this year - and BoiseDev will help bring it to you...

New effort to grow Idaho startups “50 to the A” could help strengthen local economic base

The Idaho Tech. Council will soon launch a large effort to help homegrown startups in the State of Idaho.

American Ostrich Farms hopes to replace beef with birds

Have you ever eaten ostrich? An Idaho-based company is touting the birds as an alternative to beef. In fact, it says the...

Eagle’s PetIQ aims to be a top dog in pet health & wellness

In the 2018 Deal Flow report, the largest single deal belongs to PetIQ of Eagle. The under-the-radar local company had the...
SERVPRO Certified

Latest

You asked: Why is the Egyptian Theater boarded up?

If you've driven through Downtown Boise lately you might have noticed that the doors to the Egyptian Theater are boarded up.

Les Schwab Tires, Idaho town staple, gains large new owner

The stores in Les Schwab country have a new owner. The Oregon-based tire chain went on the block last...

Large student apartment project turned down after McLean breaks city council tie

Boise Mayor Lauren McLean cast the deciding vote to turn down an upscale student housing project near Boise State University.  It's the...

Sánchez proposes ordinance to separate residential & commercial rental deposits

Boise City Council is considering an ordinance to secure your rental security deposit.  City Council Member Lisa Sánchez brought...

Tamarack Resort announces pass options and changes ahead of 2020-21 season

Tamarack Resort has announced its pass options and changes for the upcoming winter season.  Passes

Stalled Anthony’s restaurant restarts, announces opening date

Seafood lovers, rejoice! After putting construction on hold this Spring, construction resumes on Anthony's new restaurant in Downtown Boise.