Acquisitions in Idaho in 2021

Revive Infrastructure Group, in partnership with Sileo Capital and Brightwood Capital, acquired Crown Utilities, a Nampa, Idaho-based utility contractor focused on telecommunications infrastructure. The deal expands Revive's capabilities and geographic footprint in the Intermountain West; Crown will retain its brand and Ken Killingbeck will continue as president.

SBP Holdings acquired Watts Steam Store and subsidiaries effective December 1, 2021; the business will operate inside SBP's Dakota Fluid Power fluid power & automation platform. Watts Steam Store (founded by Tracy and Stanley Watts) operates three locations in Twin Falls and Idaho Falls, Idaho, and Ogden, Utah and has approximately 35 employees; the deal expands SBP's North American footprint and fluid power capabilities.

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), entered into an agreement to acquire substantially all assets of Lynch Oil and certain affiliates. The asset purchase adds over 180 million litres of annual fuel sales and multiple retail and supply assets in southern and central Idaho, strengthening Parkland's convenience retail network and regional supply position.

EnPro Industries agreed to acquire NxEdge, an advanced manufacturing, cleaning, coating, and refurbishment business serving the semiconductor value chain, from private equity owner Trive Capital. NxEdge — based in Boise, Idaho with six facilities in Idaho and California and a strong aftermarket/recurring-revenue business — will join EnPro's Advanced Surface Technologies segment to expand capabilities and customer reach in semiconductors and related end markets.

Exyte Group, a global designer and builder of high-tech facilities, has acquired Critical Process Systems Group (CPS) from Wynnchurch Capital. Headquartered in Boise, Idaho, CPS provides mission-critical process equipment and engineering services to semiconductor, biopharmaceutical, life sciences and wastewater markets and will join Exyte’s services and process equipment portfolio, bringing more than 400 employees into the company.

MOTIS Brands, a portfolio company of Rotunda Capital Partners, has acquired Mac's Custom Tie-Downs, a nearly 30-year-old manufacturer of tie-down systems headquartered in Sagle, Idaho. The acquisition adds U.S. manufacturing capability and expands MOTIS's portfolio of loading, hauling, automotive and cargo-control brands as an add-on to its platform.

TA Associates has signed a definitive agreement to make a strategic growth investment in Caprock, a privately owned multi-family office. Financial terms were not disclosed; TA will partner with Caprock to scale the firm's platform and solution set, and TA principals Clara Jackson and Roy Burns will join Caprock's board.

Thomas H. Lee Partners (THL) has acquired a majority interest in House of Design, a Nampa, Idaho-based provider of robotic automation systems and software for the residential construction and building components market. The investment will provide capital and operational resources to accelerate product innovation, scale production and expand the company's automation capabilities while House of Design's co-founders retain minority positions.

Creation Technologies acquired Computrol, Inc., expanding its U.S. manufacturing footprint with additional facilities in Meridian, Idaho and Westminster, Colorado. The deal adds seven automated SMT lines and over 100,000 square feet of production space, strengthening Creation's medium-volume, high-reliability capabilities for Aerospace & Defense, Medical, and Tech Industrial customers and establishing a New Product Realization Center in Westminster, CO.

Tritium Partners, a private equity firm, made a strategic growth investment in Stukent, an Idaho Falls–based provider of digital courseware and simulation-based learning. The capital will fund product expansion (new simulations and courseware), geographic/hiring growth (plans to add 100+ jobs), and accelerate Stukent's penetration across K-12 and higher-education markets.

Cressey & Company made a significant growth investment in Home Care Pulse to accelerate product development, expand into new healthcare end markets, and support strategic acquisitions. Home Care Pulse, headquartered in Rexburg, Idaho, provides satisfaction management, training, performance benchmarking, and eLearning solutions for the home care and post-acute markets and supports roughly 3,500 provider customers.

RV Retailer, LLC announced the acquisition of Blue Dog RV, a 12-store recreational vehicle dealer network headquartered in Post Falls, Idaho. The deal expands RV Retailer's footprint into seven new states and will add over 400 Blue Dog associates to RV Retailer's nationwide store network of approximately 70 locations.

DPIS Builder Services, a Houston-based provider of builder services owned by Saw Mill Capital, acquired Building Energy, a Star, Idaho-based HERS rating and building energy certification company. The add-on expands DPIS's footprint and capabilities in the Northwest (Boise, Coeur d'Alene, Spokane) and brings Building Energy's team into DPIS to support ENERGY STAR and other efficiency programs.

WellBiz Brands, Inc. has acquired the LunchboxWax brand, adding the waxing salon chain (49 locations) as the franchisor and its fifth concept in the company's beauty and wellness portfolio. The deal expands WellBiz's multi-brand franchising platform and brings LunchboxWax founder Debi Lane on as a strategic advisor during the transition.

Disruptive Technologies, LLC — a Nevada-based food-production technology company — has acquired the assets of Good Superfoods, LLC, a GFSI-certified contract manufacturer of nutrition bars, chocolate snacks and protein bars located just outside Boise, Idaho. The deal gives Disruptive Technologies a state-of-the-art facility to deploy its Clean Manufacturing Technology and expand its manufacturing footprint and private-label/contract manufacturing capabilities.

Simplicity Group announced the acquisition of Insurance Network America (INA), a longtime wholesaler of life insurance, annuities and small-group health insurance, with INA's founder Jerry Hartman transitioning into retirement and Lauri Beck becoming a partner and shareholder of Simplicity. INA will continue to operate from its Idaho and Minnesota offices while transitioning to the Simplicity brand and gaining access to broader product and distribution resources.

Artisan Design Group (a portfolio company of The Sterling Group) has acquired Great Floors LLC, the largest provider of flooring products and installation services in the Northwest. The add-on expands ADG's presence into Washington, Idaho and Montana and increases its scale in residential and commercial flooring distribution and installation.

LHC Group, Inc. agreed to purchase Heart 'n Home Hospice, headquartered in Fruitland, Idaho, expanding its hospice footprint in Idaho and marking its initial entry into hospice services in Oregon. The deal includes three hospice providers operating 10 locations (six in southwestern Idaho and four in central/eastern Oregon), is expected to close July 1, 2021, and is expected to generate approximately $20 million of annualized revenue.

Volaris Group Inc., through its AssetWorks Risk Management business unit, has acquired the assets of Idaho State Billing Services, Inc., which operates as CSA Consulting. The acquisition adds CSA’s Medicaid billing consulting and special-education IEP software to AssetWorks’ product suite to expand capabilities in the special education K‑12 market.

Center for Social Dynamics (CSD), a portfolio company of NMS Capital, has acquired JF Autism Services, a home-based applied behavior analysis (ABA) provider operating in Washington and Idaho. The add-on expands CSD's geographic footprint into Washington and Idaho; JF founder Jennifer Fitzpatrick will remain a shareholder in the combined company.

Ripple Industries LLC acquired Aftermarket Performance Group (APG) from Heartwood Partners Fund II, LP in early April 2021. APG is a vertically integrated direct-to-consumer eCommerce retailer, private-label manufacturer and distributor of automotive aftermarket parts, and Ripple said it will partner with APG management to accelerate growth across the automotive enthusiast market.

Blue Point Capital Partners and its Blue Point IV portfolio company, VRC Engineered Solutions, acquired Cascadia Custom Molding to expand VRC's product offerings, manufacturing capabilities and geographic footprint in the Pacific Northwest. Cascadia — a 40+-year custom thermoplastics injection molder with facilities in Coeur d'Alene, Idaho and Woodinville, Washington — will broaden end-market exposure into regulated sectors such as medical and aerospace.

Harkness Capital Partners I (Harkness Capital) made a growth equity investment in Homestyle Direct (HSD), a Twin Falls, Idaho-based provider of home-delivered meals to Medicaid recipients. The capital will support HSD's growth initiatives, including expansion of production and manufacturing capabilities and growth into adjacent markets such as Medicare Advantage.

Parkland Corporation, through its U.S. subsidiaries (Parkland USA), has entered into an agreement to acquire Conrad & Bischoff Inc., establishing a fourth U.S. Regional Operating Center in Idaho Falls, Idaho. The acquisition adds 58 retail sites (19 company-owned), terminal storage capacity (~30 million litres), and approximately 700 million litres of annual fuel and petroleum product volume, expanding Parkland's supply optionality and presence across Idaho and western Wyoming with distribution reach into neighboring states.

Simplify Compliance, a Leeds Equity Partners–backed portfolio company, has acquired BasicSafe, a web-based EHS (environmental, health and safety) management software. The deal is an add-on to Simplify Compliance's BLR/EHS Hero safety platform and is intended to expand the company's EHS SaaS capabilities and product offering.

Miami-based private equity firm Pine Tree Equity invested in Innercept, a Coeur d'Alene, Idaho residential treatment provider for adolescents and young adults, in February 2021. The firm partnered with Innercept's founders to support growth, expand clinical capabilities and service offerings while the existing management team remains in place.

Equifax has signed a definitive agreement to acquire Kount, an AI-driven fraud prevention and digital identity provider, for $640 million. The acquisition expands Equifax's digital identity and fraud-prevention capabilities by integrating Kount's Identity Trust Global Network and product suite into Equifax's Luminate platform; Kount employees will join Equifax's USIS unit and remain based in Boise, Idaho.

Clarience Technologies has acquired ECCO Safety Group (ESG), a global manufacturer of audible warning equipment and emergency lighting for commercial and emergency vehicles. The acquisition expands Clarience's portfolio of vehicle visibility, lighting and telematics solutions and will allow ESG to leverage Clarience's R&D and distribution capabilities to grow its product offerings and customer reach.

Katabat, a Wilmington-based debt management software provider, has acquired Simplicity Collection Software of Idaho Falls, Idaho to broaden its suite of debt collection products and accelerate reach into small-to-medium collection agencies, health care providers and law firms. Terms were not disclosed; the deal expands Katabat's product coverage and leverages Simplicity's SimplicityCollect platform to serve additional first- and third-party clients.