Acquisitions in Idaho in 2024

AMCON Distributing Co., an Omaha-based convenience and foodservice distributor, has acquired Arrowrock Supply from Davis-Jones Inc. of Boise, Idaho. The acquisition expands AMCON's footprint in the Intermountain West and will allow AMCON to serve Arrowrock customers from Arrowrock's Boise distribution center.

Oklo, the Sam Altman–backed small-reactor developer, is acquiring US radioisotope producer Atomic Alchemy in an all-stock transaction valued at $25 million. The deal will vertically integrate radioisotope and fuel production to secure domestic supplies for Oklo’s reactors and create a complementary revenue stream for medical and industrial isotopes.

Schellman Compliance has acquired the sustainability reporting practice of Sustas, LLC, bringing Sustas's clients and personnel into Schellman's growing Sustainability practice. The move, announced Nov. 12, 2024, strengthens Schellman's environmental and sustainability compliance capabilities alongside its newly obtained ISO 14001 accreditation from ANAB to support clients navigating evolving climate disclosure rules.

Premier Aggregates and Ada Sand & Gravel have combined operations to form Premier Aggregates Holdings, LLC, creating the largest independent aggregates supplier in southwestern Idaho. The transaction consolidates long-life permitted aggregate resources, retains all employees, and aims to scale service capacity to meet rising construction and landscaping demand in the Boise region.

Modern Wealth Management has acquired Boise-based Petso Financial Consultants, a fee-only RIA with approximately $1.4 billion in AUM and a 10-person team. The asset purchase brings Modern Wealth's total AUM to over $6 billion and expands the firm's presence into the Pacific Northwest; Petso founder David Petso joins Modern Wealth as a managing director.

The SEER Group acquired Boise-based K-F Electric and Veterans Plumbing and will integrate both businesses into its Boise-based platform, Western Heating and Air. The transactions expand SEER's service capabilities across electrical, plumbing and HVAC in the Treasure Valley and support succession planning for the founders.

Oscium has acquired MetaGeek to combine MetaGeek’s Wi‑Fi analysis software (InSSIDer, Wi‑Spy, Chanalyzer) with Oscium’s wireless test hardware. The deal brings MetaGeek co‑founder Brian Tuttle back to lead software development and aims to deliver integrated hardware‑software wireless troubleshooting solutions.

WSP Global Inc. has agreed to acquire Power Engineers, Incorporated (POWER) for US$1,780 million, a deal that strengthens WSP's Power & Energy capabilities and accelerates its participation in the energy transition. POWER, an employee-owned U.S. engineering and environmental consulting firm based in Hailey, Idaho, has ~4,000 employees and 50 offices across North America; the acquisition is expected to deliver cost synergies and cross-selling opportunities.

Bansk Group, a New York-based consumer-focused private investment firm, agreed to acquire PetIQ, Inc. in an all-cash transaction valued at approximately $1.5 billion ($31.00 per share). The deal, approved by PetIQ’s board and completed on October 25, 2024, takes PetIQ private; the company will continue to be operated independently by its executive team and Bansk plans to invest in brand, marketing, capabilities and strategic growth initiatives.

Pye-Barker Fire & Safety acquired Treasure Valley Fire Protection, a Boise-based fire sprinkler design, installation and service provider. The deal expands Pye-Barker’s fire sprinkler capabilities and marks its first offering of sprinkler services in Idaho, enabling enhanced service to commercial customers in the Boise region.

Procare Solutions, a child care management software provider, has acquired Bertelsen Education to add accredited continuing education and professional development courses for Early Childhood Education (ECE) and Head Start providers. The acquisition expands Procare’s all-in-one platform by integrating state- and nationally-accredited training (including CDA and Head Start compliance) delivered in English and Spanish.

Hagadone Marine Group has acquired the assets of Murphy Marine Construction Inc. on Lake Coeur d’Alene, adding 145 wet slips adjacent to Blackwell Island Marina and expanding Hagadone’s total slips to 1,611. The deal brings Murphy family personnel into Hagadone roles and enhances Hagadone’s marine service and dock-construction capabilities for regional growth and improved internal project completion.

DZYNE Technologies has acquired High Point Aerotechnologies, integrating High Point's counter‑UAS hardware and software capabilities into DZYNE's autonomous defense platform. Both companies are portfolio companies of Highlander Partners; the deal consolidates complementary capabilities across UAS, C‑UAS, AI/software and mission operations to accelerate DZYNE's defense offerings.

OneDigital has acquired PayCheck Connection, a Coeur d'Alene–based professional employer organization (PEO) that provides payroll, HR management, workers' compensation and compliance services. The acquisition expands OneDigital's Resourcing Edge PEO footprint into Idaho and strengthens its service offerings for small and mid-sized employers across healthcare, technology, construction and hospitality sectors.

BradyPLUS has acquired Idaho Package Company (iPAK), a regional industrial and agricultural packaging distributor serving Idaho, Eastern Oregon and Eastern Washington. The add-on expands BradyPLUS’s industrial packaging capabilities and geographic coverage in the Western United States; terms were not disclosed.

Western Smokehouse Partners, a portfolio company of AUA Private Equity, acquired substantially all of the assets of Golden Valley Natural, LLC (dba Hero Snacks) to expand its better-for-you meat snack platform. The deal brings Golden Valley’s organic and all-natural jerky capabilities and Shelley, Idaho manufacturing capacity into the Western Smokehouse platform as an add-on to support growth and broaden product offerings.

Kodiak Building Partners has acquired Valley Lumber & Rental, a long-standing hardware, building materials and equipment rental business based in Victor, Idaho. The deal expands Kodiak’s Northwest/Mountain region footprint while keeping Valley Lumber’s local leadership in place to continue serving contractors and homeowners in the Teton Valley community.

The Pennant Group, Inc. acquired the operations of Veranda Senior Living at Paramount, a 73-unit assisted living and memory care community in Meridian, Idaho, which will be renamed Table Rock Senior Living at Paramount. The community will be operated by Pinnacle Senior Living LLC, Pennant's senior living subsidiary, as Pennant continues to expand its senior living footprint in southwestern Idaho.

RESA Power, a portfolio company of Investcorp, has acquired Mountain States Transformer Service, Inc. (MSTS), a Pocatello, Idaho-based provider of transformer maintenance, oil processing, testing and repair. The deal expands RESA Power's transformer services capabilities, increases its oil-processing rig fleet and provides a base for geographic expansion into the Pacific Northwest.

Katabat, a global provider of cloud-based debt collection software, has acquired Simplicity Collection Software of Idaho Falls, Idaho, to broaden its product coverage and serve both first- and third-party clients. The deal (terms undisclosed) expands Katabat's footprint into small-to-medium third-party collection agencies, healthcare providers and legal recovery markets and was supported by Katabat's PE backers' strategic endorsement.

True Environmental, a Halle Capital‑backed environmental services platform led by Jim Stamatis, has acquired Sundance Consulting, Inc., a Pocatello, Idaho‑based environmental consulting firm of more than 70 professionals. The partnership (formed March 5, 2024) brings Sundance into True’s platform to accelerate growth, expand service capabilities in federal and commercial environmental markets, and facilitate an ownership transition for Sundance’s founder and employee‑owners.

WebMD Health Corp., an Internet Brands company, acquired the operating assets of Healthwise — including content, products, technology, client relationships and certain trademarks — and will fold most of Healthwise's team into WebMD Ignite. The deal expands WebMD Ignite's patient and member engagement capabilities and footprint (now serving more than 650 healthcare organizations); financial terms were not disclosed.

OrePac Building Products, a family-owned wholesale supplier based in Wilsonville, Oregon, has agreed to acquire Western Timber Products, a specialty softwood lumber and custom millwork manufacturer headquartered in Coeur d'Alene, Idaho. The deal, announced Feb. 26, 2024, is expected to close around early April 2024 and will keep Western Timber's owner Dan Seid involved to assist in the transition.

95 Percent Group LLC, a portfolio company of Leeds Equity Partners, has acquired Morpheme Magic, the supplemental curriculum and training business founded by Dr. Deborah R. Glaser. The acquisition expands 95 Percent Group's One95 Literacy Ecosystem by adding morphology-focused instructional materials and teacher supports to its existing phonics and literacy offerings.

DFW Capital Partners completed an investment in Harris CPAs, a Meridian, Idaho-based regional accounting firm that provides audit & assurance, tax, and advisory services. The investment includes the placement of DFW Operating Partner Michael J. O'Donnell as CEO and is intended to accelerate Harris's organic growth and support a strategy of partnering with other CPA firms and investing in technology and talent.

Hampton Lumber Mills has agreed to acquire RedBuilt, an engineered wood-based structural systems manufacturer, from Atlas Holdings. The sale — expected to close in Q1 2024 — expands Hampton's capabilities into value-added engineered wood products and integrates RedBuilt's four manufacturing plants and design centers into Hampton's operations; terms were not disclosed.

Inszone Insurance Services, a Sacramento-based full-service insurance brokerage, has acquired Butler Insurance Services, Inc., marking Inszone's entry into the Idaho market. The deal brings Butler's Boise and Pocatello offices and team into the Inszone organization and expands Inszone's footprint and service capabilities in commercial, personal, and benefits insurance.