A yearly report shows billions of dollars continue to move through Idaho’s economy.
The annual Idaho Deal Flow Report hit the streets this week at the annual Capital Connect conference in Boise. The study, 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, providing data and information on more than 136 companies. Authors said that in 2018, Idaho was recognized as the fastest growing state in the country, which resulted in Gem State businesses receiving increased attention and investment dollars from capital providers within the state and from around the country.
The report says more venture capital, private equity, and angel funds are coming to Idaho to find new investment opportunities in the state’s companies. 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.
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 $1.2 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. Tech and software drove the most activity in terms of volume, with 24 percent of all dollars attached. Consumer-retail and materials-resources followed with 20 percent each. (BoiseDev.com)
