Acquisitions in Idaho in 2022

AVI Systems, a global audiovisual systems integrator, has acquired Neurilink, a full-service audiovisual design and integration firm with offices in Boise, Idaho and Seattle. The deal (which brings Neurilink’s ~47 professional staff into AVI) expands AVI’s service footprint across the U.S. Northwest to better serve AV and unified collaboration needs in that region.

FleetPride, the nation's largest distributor of truck and trailer parts and services, has acquired the assets of Berggren Diesel, a family-owned heavy-duty truck service operator with locations in Idaho Falls and Terreton, Idaho. The deal expands FleetPride's service footprint in Idaho and western Wyoming and brings Berggren's technicians and support staff into FleetPride's national parts and service network.

Lincolnshire Management, a New York-based private equity firm, has acquired Whitewater Brands, an omnichannel marketer and supplier of consumables and light equipment to automotive collision shops, mechanical repair shops, and dealerships. The sellers were Rock Gate Partners and Peninsula Capital Partners; financial terms were not disclosed. Lincolnshire intends to grow the business organically and via M&A, leveraging Whitewater's multi-brand catalog, e-commerce channels, and distribution footprint.

Pelco Products, an Edmond, Oklahoma portfolio company of River Associates, has acquired TraffiCalm Systems, LLC and MOR Manufacturing LLC to form a national traffic safety and traffic hardware leader. Both acquired businesses will operate autonomously from their Post Falls, Idaho location, with John Ragan remaining president of TraffiCalm and Pelco continuing to integrate complementary product lines.

LabX Media Group acquired ContractLaboratory.com, a B2B laboratory outsourcing and scientific procurement marketplace, to expand its suite of digital offerings for laboratory professionals. The acquisition brings the ContractLaboratory.com marketplace and its founder Pamela Wertalik into LabX’s portfolio to accelerate marketplace growth and better connect labs with companies, governments, and research institutions.

Kodiak Building Partners has acquired Albeni Falls Building Supply, a long-standing lumber and building materials supplier founded in Oldtown, Idaho in 1948. The Melbourns (David and Susan) sold the business but will continue to lead operations as Kodiak looks to expand its Pacific Northwest footprint and provide backend support and resources.

C.G. Machinery, LLC acquired King Machine, Inc., a machine tool and machining robotics distributor based in Meridian, Idaho. The transaction, which closed on September 20, 2022, was advised by Generational Equity and expands C.G. Machinery's distribution and service footprint in Idaho and Montana, including King’s Eclipse Tool & Supply division.

Kimco Realty sold 11.5 million of its 39.8 million shares in Albertsons Companies, generating net proceeds of approximately $301.1 million following the Kroger‑Albertsons merger announcement. Kimco retains 28.3 million Albertsons shares, agreed to a lock-up on roughly 28 million shares for up to seven months, and noted that the merger consideration includes a $6.85 per‑share special cash dividend.

Amare Global has acquired Kyäni, Inc., a global health and wellness company known for its nutritional supplement portfolio and direct-selling distributor network. The deal brings Kyäni founders and certain family shareholders into Amare as shareholders and board representation, and is intended to accelerate Amare's global expansion and product offering.

Ardurra Group, a Miami-based ENR Top 500 engineering firm and portfolio company of RTC Partners, has acquired and merged with T-O Engineers, a 200-person full-service engineering firm headquartered in Boise, Idaho. The acquisition expands Ardurra's capabilities in aviation, transportation, public works and water/wastewater and extends its geographic footprint in the Pacific Northwest and Rocky Mountain region.

PassioHR, Inc., a Colorado-based professional employer organization (PEO), has completed the acquisition of smarthr, llc., a Twin Falls, Idaho PEO founded by Byron McCurdy. The deal brings smarthr's regional client base and team into PassioHR, enabling the parties to combine services and expand PassioHR's coverage and capabilities in the Idaho region.

Family-owned StorageMart acquired the Stor-All Self Storage property in Nampa, Idaho, adding 128,293 rentable square feet and 845 drive-up units to its Idaho portfolio. The site will transition immediately to StorageMart management and receive standard brand renovations and contactless gate access via the StorageMart Unlocked app.

BrightView Holdings, Inc. acquired Syringa Landscape, LLC, a Boise-based commercial landscaping company, to strengthen its maintenance and development operations in and around the Boise market. Terms were not disclosed; Syringa's owners Rick Prescott and Ken Kope welcomed the transaction as an opportunity to expand relationships and projects under BrightView's platform.

Fernandez Holdings, Inc. (FHI), a Los Angeles–based long-term investment firm, acquired Kash-LAX — a combined ammunition development, manufacturing and retail business comprised of Kash CA LLC, L.A.X. Firing Range LLC and Xtreme Bullets Mfg LLC. The transaction (terms undisclosed) is intended to support expansion of the company's manufacturing capabilities, facilities and vertically integrated DTC and retail operations.

Cordance has completed the acquisition of LabStats, a higher-education IT monitoring software provider based in Idaho Falls, Idaho. The deal positions LabStats to leverage Cordance's operational experience and resources to scale its product and expand within the higher education market.

JM Family Enterprises, a privately held diversified holding company, has acquired Futura Title & Escrow LLC, the largest independent title and escrow group in the Pacific Northwest. The acquisition brings Futura’s ~700 associates and 72-branch network into JM Family’s portfolio to support geographic expansion and continued growth of its business services offerings.

Fairbank Equipment, a portfolio company of Pfingsten, has acquired G&R Ag Products, a specialty distributor of agricultural parts and propane equipment headquartered in Caldwell, Idaho. The add-on deal, which closed June 30, 2022, expands Fairbank's distribution footprint into the Pacific Northwest and provides new markets for its propane product lines; G&R's president Curt Ruehl will remain with the business and become a shareholder in Fairbank.

N. Harris Computer Corporation (Harris), an operating group of Constellation Software Inc., has acquired Agency Software, Inc. (ASI), a property & casualty (P&C) insurance agency management software vendor. The acquisition brings ASI’s library of insurance products and 20,000+ agency installations into Harris’s portfolio and represents Harris’s first entry into the insurance vertical.

Knox Lane announced a strategic majority investment in Elevation Labs (NCL Acquisition Corp. and subsidiaries), acquiring the company from Clearview Capital Fund III. Varagon Capital Partners supported Knox Lane’s investment; Elevation Labs is a contract formulator and manufacturer of premium skincare, haircare and color products with facilities in Idaho Falls, Idaho and Denver, Colorado.

Knox Lane, a San Francisco-based growth investment firm, has made a strategic growth investment in Elevation Labs, a leading formulator and contract manufacturer of premium beauty products headquartered in Idaho Falls, Idaho. The partnership will support Elevation Labs' expansion of capacity, capabilities and team, and the company plans to pursue strategic acquisitions to complement its organic growth; terms were not disclosed.

Paradigm, a provider of legal practice management software, has acquired LollyLaw, a cloud-based immigration law practice management platform founded in 2014. The acquisition brings LollyLaw's immigration-specific workflows and form features into Paradigm's suite to expand capabilities for immigration law firms.

Auvik, the Waterloo-based provider of cloud-based network management software, has acquired MetaGeek, a Boise-based maker of Wi‑Fi analysis and diagnostics tools. The deal brings MetaGeek’s Wi‑Fi expertise and products into Auvik’s platform to expand capabilities for IT teams and managed service providers.

Builders FirstSource, Inc. acquired Valley Truss Company, Inc., a Boise-based manufacturer of metal plate connected wood trusses, in a transaction that closed April 1, 2022. Generational Equity advised Valley Truss on the sale as Builders FirstSource expands its footprint and manufacturing capabilities in Idaho and Northern Nevada.

TELEO Capital Management, a lower middle market private equity firm, acquired CHCS Services, Inc. (a technology-enabled third-party administrator for senior health and eldercare markets) from Capgemini America, Inc. TELEO said it will invest in a digital transformation and data science capabilities to expand CHCS's offerings across long-term care and Medicare Supplement plans and support growth.

Novae LLC, a portfolio company of Brightstar Capital Partners, has acquired Mirage Trailers LLC, a Nampa, Idaho-based manufacturer of enclosed, utility and towable RV trailers (brands include Mirage and TNT). Mirage was a portfolio company of Crescendo Capital Partners, OFS Capital Corporation and Fidus Investment Corporation; Mirage will continue to operate in Nampa as a division of Novae. The acquisition is an add-on to Novae's platform to expand geographic reach and strengthen dealer relationships across the western U.S. and Canada.

Republic Services agreed to acquire all outstanding shares of US Ecology for $48 per share (approximately $2.2 billion including net debt) to expand its environmental solutions capabilities and national footprint. The deal provides Republic with vertically integrated hazardous and specialty waste treatment, disposal and field-service assets, and is expected to be immediately accretive with roughly $40 million of cost synergies over three years.

Revive Infrastructure Group, backed by Sileo Capital and Brightwood Capital, has acquired the assets of Elite Utilities and Trenching, a Buhl, Idaho-based utility contractor specializing in long-line conduit, cable installation and fiber-to-the-home trenching. The assets will be integrated into Revive’s Intermountain West division, Crown Utilities, expanding Revive’s geographic footprint and service capabilities in telecom and utility infrastructure.

Freeway Insurance, a division of Confie, acquired Can-Do & Showers Insurance Agency, a long-established Idaho personal-lines agency with four retail locations. The deal is Freeway's first acquisition in Idaho and expands its Pacific Northwest footprint while retaining Can-Do & Showers' employees and operations under the Freeway brand.

TransImpact, a supply chain technology and services company based in Emerald Isle, North Carolina, has acquired Avercast LLC, a Rigby, Idaho–based provider of inventory forecasting, demand planning, and inventory optimization software. The deal adds seven forecasting products and Avercast's algorithmic forecasting and analytics capabilities to TransImpact's platform, expanding its technology footprint and international presence.