Acquisitions in Idaho in 2020

Clearwater Analytics, the Boise-based SaaS provider of investment accounting and analytics, announced a new growth investment led by Permira, Warburg Pincus, Dragoneer and Durable Capital, with Welsh, Carson, Anderson & Stowe remaining the majority shareholder. The capital will support Clearwater's international expansion (including Europe and Asia-Pacific), continued R&D and pursue transformative M&A opportunities.

Armstrong Transport Group, a portfolio company of Carousel Capital, has completed the acquisition of Eason Enterprises, a provider of transportation brokerage services. The deal expands Armstrong's brokerage capabilities, adds Ben Eason as Chief Revenue Officer, and establishes operations in both Charlotte and Eason's Boise office to drive future growth.

Sunroc Corporation, a subsidiary of Clyde Companies, completed an asset acquisition of Boise-based Hi-Grade Underground, Inc., expanding Sunroc's utilities capabilities in the Treasure Valley and across Idaho. Hi-Grade's former owner Dave Clifford will remain involved and transition into a Utilities Manager role with Sunroc following the acquisition.

1847 Holdings LLC has acquired Kyle's Custom Wood Shop, a Boise-based custom cabinetry maker, in a deal that closed September 30, 2020. The acquisition brings a profitable, regional cabinetry manufacturer into 1847's publicly traded holding-company portfolio to support regional expansion, capacity investments, and product-line/channel growth.

Ericsson has agreed to acquire Cradlepoint, a U.S.-based leader in wireless edge WAN and 4G/5G enterprise solutions, for an enterprise value of USD 1.1 billion. Cradlepoint will operate as a fully owned subsidiary headquartered in Boise, Idaho and will join Ericsson's Business Area Technologies & New Businesses to strengthen Ericsson's 5G Enterprise portfolio.

Hawk Ridge Systems has acquired Quest Integration, a DS SOLIDWORKS reseller headquartered in Post Falls, Idaho. The transaction expands Hawk Ridge's North American reseller and 3D printing footprint — creating a combined network of 22 offices and broadening capabilities in 3D design, data management, simulation and manufacturing solutions for customers across the U.S. West and Canada.

Berkadia has acquired LIHTC Advisors, an Idaho-based brokerage specializing in Low Income Housing Tax Credit (LIHTC) and affordable housing transactions. The LIHTC Advisors team, led by Jeff Irish and Brandon Grisham, will join Berkadia Affordable to expand Berkadia's affordable housing advisory and investment-sales capabilities and broaden its market presence.

Kellermeyer Bergensons Services (KBS), a Cerberus-backed facilities services platform, has acquired Clearview Cleaning Service, a Boise-based commercial cleaning provider operating across Idaho, Washington and Oregon. Clearview Cleaning — founded in 1995 and employing approximately 500 people — expands KBS's regional footprint and capabilities in healthcare, education and government facility services.

Sunroc Corporation, a subsidiary of Clyde Companies, has completed an asset acquisition of Depatco, Inc., an Idaho Falls-based civil construction and aggregates company. The transaction expands Sunroc’s geographic footprint and product offerings in Eastern Idaho while Depatco’s Stoddard family owners will remain involved in the business.

Winegard Company has acquired WiFiRanger, a Meridian, Idaho-based developer of American-built mobile wireless routers and cloud-managed connectivity solutions. WiFiRanger will operate as a standalone brand within Winegard, enabling Winegard to expand its mobile connectivity, cloud and IoT capabilities and broaden its product offerings for the RV, marine and other mobile markets.

The PharmEase Group acquired RAM Pharma, a 503B compounding outsourcing facility, on July 23, 2020 and will operate the business as a wholly owned subsidiary under the new name Compound Preferred. The acquisition expands PharmEase's compounding and sterile preparation capabilities, strengthens provider relationships, and broadens the group's national market reach.

Delaware Nation Investments (DNI), a parent investment company owned by the Delaware Nation, has acquired Channel Blend, a lead-qualification contact center headquartered in Idaho Falls, Idaho. Channel Blend will continue operating under DNI's shared-services model; the acquisition is DNI's first under its Investments parent and is intended to expand the organization's customer-contact and lead-response capabilities.

Dallas-based private equity firm Trive Capital acquired AceCo Precision Manufacturing, a Boise-based precision machining company serving the semiconductor and display end markets. Graycliff Partners provided a unitranche debt financing package to support the acquisition.

Alliant Insurance Services acquired Pend Oreille Insurance, an independent insurance agency headquartered in Ponderay, Idaho. The deal expands Alliant's footprint in the Inland Northwest and brings Pend Oreille's commercial, personal, health and life insurance capabilities into Alliant's national platform; terms were not disclosed.

Alpine 4 Technologies, Ltd. (ALPP) has acquired Excel Fabrication, LLC, a Twin Falls, Idaho-based metal fabrication and construction services company. The acquisition expands Alpine 4's Construction Services portfolio and adds fabrication, installation, maintenance and repair capabilities serving industrial and food & beverage customers across the western United States.

First American Financial Corporation has signed an agreement to acquire Docutech, a provider of document, eClose and fulfillment technology for the mortgage industry. The acquisition (Docutech was a Serent Capital portfolio company) expands First American’s digital mortgage and settlement capabilities and will keep Docutech’s management team, led by CEO Amy Brandt, in place.

An investor group led by Lad Dawson, Mike Bowers and Innovatus Capital Partners formed Guerdon, LLC and acquired substantially all assets of Guerdon Enterprises, LLC. Innovatus will provide working capital and equity alongside the founders to support growth of the modular manufacturer, which will continue to operate from Boise, Idaho and focus on hospitality, multifamily, student and affordable housing markets across the Western US and Canada.

Riverence Holdings LLC announced the acquisition of Clear Springs Foods, Inc., creating the largest land-based producer of trout in the Americas. The deal expands Riverence’s vertically integrated “egg-to-plate” supply chain, increasing production, processing and distribution capacity while retaining brands and team members in Idaho’s Magic Valley.

Funds managed by SDC Capital Partners have acquired a majority interest in Fatbeam Holdings, LLC, providing the fiber network operator with capital to accelerate densification and strategic expansion across the western United States. Fatbeam’s existing majority shareholders will retain a material ownership stake and SDC will partner with the management team to support growth across education, enterprise, healthcare, government and carrier end markets.