LUNCHBOX WAX IDAHO FALLS SERIES
Two were Idaho based companies while two were companies with a major presence or second HQ located in Idaho.Ĭontinuous Composites and Tovuti, Idaho based companies both experienced Series A rounds in July of $17 and $8 million, respectively. Additionally, there were four Series A rounds totaling almost $46 million in Q3.
LUNCHBOX WAX IDAHO FALLS SOFTWARE
Technology and software companies were once again a major beneficiary of investment as were several manufacturing companies. There were 21 private placements in Q3 totaling $151 million. These three transactions represent diverse companies in many different industries founded and grown in Idaho that experience large exits from nationally recognized firms. It started with just one location in Boise and now has almost 50 around the country. LunchBox Wax, founded by Debi Lane in Boise in 2010, is a franchise waxing salon.
The company is a leading design and engineering firm of robotic systems that increase efficiencies while reducing labor input.Ī deal of particular interest was the acquisition of LunchBox Wax by WellBiz Brands. House of Design provides automated solutions to manufacturers in a wide range of industries. Lee Partners, a leading private equity firm, on September 13, for an undisclosed sum. The company offers over 30 product lines in 60 countries around the world.Īnother major acquisition was the sale of House of Design to Thomas H. Ground Force Worldwide is a dedicated Original Equipment Manufacturer for the mining industry based in Post Falls. The largest, and only disclosed deal in Q3 was Federal Signal’s acquisition of Ground Force Worldwide in early September. There were a total of 17 Mergers & Acquisitions with only one disclosing acquisition price. This puts the company alongside storied Idaho businesses like Boise Cascade, Micron, and Albertsons among others. The company raised $540 million in its initial public offering which valued the company at just over $4 billion.Ĭlearwater joins a relatively small list of publicly traded companies based in Idaho (24 according to Crunchbase). One of the most exciting developments in Q3 of this year was the IPO of Clearwater Analytics in September. There was one IPO this quarter, 17 M&A deals and 21 private placements. The third quarter experienced 39 deals and $736 million of capital flow, which falls slightly below the second quarter. Idaho continues to experience growth and exciting economic moments despite the continued impact of COVID-19. It counts the JR Simplot Company, headquartered in Boise, as one of its main competitors in the frozen potato segment.We are pleased to present the Q3 2021 Idaho Deal Flow Report. The company is publicly traded with annual revenue of $3.5 billion. The company launched in 1950, and in 2016 conglomerate ConAgra spun it off and established corporate headquarters in Eagle. Lamb Weston primarily sells potato products directly to restaurants and other foodservice outlets like school and business cafeterias. Together, these investments will strengthen our global manufacturing network, and provide us added flexibility to meet demand growth and serve our customers around the world.” “This investment in American Falls complements our recently announced plans to construct a greenfield french fry processing facility in China, as well as capacity expansion in Russia by our European joint venture, Lamb-Weston/Meijer.
“We continue to be confident about the long-term health and growth of the global french fry market,” Lamb Weston CEO Tom Werner said.
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