Page 1

Reaching the

Pinnacle Success of

Idaho Private

75

Idaho’s Top Private Companies 2014

An advertising supplement to the Idaho Statesman • Sunday, November 2, 2014


2 idaho private 75 • sunday, november 2, 2014

2014

-––––––––– 2014 Edition –––-–––––– Reaching for the pinnacle — rising to the top Honoring the cream of our business success stories Albertsons has come home

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2

4 Pages 9 Page

Move over — ECCO Safety Group Pages races up the list Executive Spotlight 2013 IP75 listings

11 Pages 12-15 Pages 16-18

Clearwater Analytics — the first 10 years is only the beginning

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20

Stein Distributing Co. returns to the Top 75

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24

Bodybuilding.com muscles into the Top 10

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26

Independent Food Corp.’s natural growth leads them back to Top 75

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28

Idaho Private 75 is a custom advertising publication of the Idaho Statesman and is available online at IdahoStatesman.com/IdahoPrivate75

Idaho Statesman • IdahoStatesman.com

Reaching for the pinnacle — rising to the top

Diverse array of companies indicates an improving economy By Dusty Parnell The 2014 Idaho Private 75 is lively this year, with a third of the companies on the list making an upward move. Four companies have returned to the top 75, and two of the four technology companies are new to the list. In addition, the usually steady Top 10 has seen a sudden change at both ends. Hello, to the new No. 1. Albertsons is back, and back in a big way. Just eight years ago, some people had started to write the grocery chain’s eulogy. The future was starting to look dim — some stores were shutting off up to 40-50 percent of their lights to save on electricity. But then Cerberus Capital Management came along in 2006 and bought some Albertsons stores (Minnesota’s Supervalu bought the rest) and created Albertson’s LLC. Today, AB Acquisition is a parent company for all the stores and banners. Seven years later, Albertsons bought its stores back from Supervalu and came home. But it didn’t come home to die, it came home to thrive. This past spring, AB Acquisition put together a $9 billion deal to acquire Safeway, the country’s secondlargest grocer. Albertsons is the fifth largest. You can do the math from there. What a grand way to celebrate Albertsons’ 75th anniversary. Another change in the Top 10 happens at the other end. Perennial top 10 company BMC Building Materials and Construction Services, which moved to Georgia, declined to participate in this year’s list. The incredible growth in recent years of Scentsy found the company working its way into the top 10 for the first time last year. One could anticipate they were on track to stay there. But Bodybuilding.com came along and muscled past Scentsy into the No. 10 spot jumping seven spots from No. 17, one of only four companies on the list to jump seven or more spots. The rest of the top 10 held onto their pecking order behind Albertsons. There was also good movement in the construction industry this year. Russell Corp.n sprinted up 18 spots (can you say ‘Village at Meridian?’), CBH Homes moved up eight spots, ESI rose by seven, Idaho Pacific Lumber and Bateman-Hall each jumped up five, and Steed Construction and Contractors Northwest returned to the Top 75 after a year’s absence. “I am particularly pleased to see companies in the construction industry represented on this list, as it seems like a positive sign for our overall economy,” said Kevin Donovan, private bank team manager and Idaho market president of KeyBank. “The companies on this list figured out how to weather the storm and persevere.” The only industry to outnumber construction companies on the list was retail. “I am also pleased to see the state’s agriculturebased businesses thriving,” Donovan said. “Our agribusiness leaders have done a commendable job of

Photo by Dusty Parnell

The Russell Corporation made the biggest move up this year’s list, moving up 18 spots to No. 52. The next big mover on the list — and the only other company with a double-digit climb — was ECCO Safety Group, which jumped 12 spots to No. 26. The Russell Corp. was the general contractor/construction manager for the $300 million Village at Meridian, located at the state’s busiest intersection at Eagle Road and Fairview Avenue. The project features upscale retail stores, restaurants, an entertainment center, a 15-plex state-of-the-art theatre and a dancing Bellagio-style fountain centerpiece.

evolving to take advantage of today’s challenges and opportunities. Significant advances in agrisciences, increasing use of technology and the overall increase in the value of Idaho farmland are all helping our agriculture industry thrive.” “We continue to build on our strengths, but there is a very encouraging intersection taking place. Innovation and agriculture — or AgTech — is a core strength of our successful ag firms like Simplot, Agribeef and MWI Vet Supply,” said John Hale, a managing partner at KPMG. “We need to build on that. These companies are doing amazing things in research designed to feed the world and maintain healthy food supplies. Their business model fits nicely with a prime motivator of the Millennials, which is to do something meaningful in their work. Demographers tell us this generation of talented people wants to focus their energy on important work, and the idea of ‘feeding the world’ appeals to them. “We have an opportunity to match the innovation

Glancing at the numbers Out of 75 companies, 26 showed upward movement, and 11 stayed in the same position. Almost 51 percent — 38 of 75 — are family-owned businesses.

of our ag companies with this upcoming talent pipeline,” he said. “At the same time, our universities are beginning to rethink their role in that pipeline and how they can develop innovators for Idaho companies. It’s very exciting.”

intro continues on P.11


IdahoStatesman.com • Idaho Statesman

sunDAY, november 2, 2014 • idaho private 75 3

Put our insight and experience to work for your growth strategy. The right range of services. Right sized for you. KPMG works with you to understand your issues and challenges. The audit, tax, and advisory services we offer companies like yours include: • Financial Statement Audits • Benefit Plan Audits • Accounting Change Services • IPO Readiness • Due Diligence • Contract Compliance Services • Financial Management Services • Regulatory Compliance Services • Tax Compliance Services • State and Local Tax (SALT) Services • Multistate Tax Credit Services

For more info contact John Hale Office Managing Partner jhale@kpmg.com 208‑389‑6511

kpmg.com

© 2014 KPMG LLP, a Delaware limited liability partnership and the U.S. member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved. Printed in the U.S.A. The KPMG name, logo and “cutting through complexity” are registered trademarks or trademarks of KPMG International. NDPPS 306931


4 idaho private 75 • sunday, november 2, 2014

Honoring our business success stories

Idaho Statesman • IdahoStatesman.com

IP75 sponsors shine spotlight on Idaho’s privately owned companies By Dusty Parnell When it comes to this year’s theme — “Reaching the Pinnacle of Success” — one of this year’s sponsors has done that almost literally. Earlier this year, Holland & Hart moved into three of the upper floors of the new 8th & Main building rising above downtown Boise, now the tallest building in the state. Holland & Hart has been one of the premier corporate and litigation firms in Idaho for 80 years. The law firm has more than 440 lawyers in 15 offices across the Mountain West and in Washington, D.C. The company represents a variety of clients, from small start-ups to multi-national corporations. The industries it represents vary from oil and gas to wind and solar energy, from cyber security to sports products and more. From 2013 through the second quar-

“The people behind the businesses on this list would be successful anywhere. These are people you want to be around, and we’re fortunate they want to be in Idaho.” — Kevin Donovan, KeyBank ter of 2014, Holland & Hart racked up more than $7 billion in transactions.

That’s pretty pinnacle. It’s also why they like to see Idaho companies also reaching for the stars, and why they support this annual listing of the Top 75 Privately Owned Companies in Idaho. “These companies are key drivers for the Idaho economy and are important innovators in our state,” said Holland & Hart Partner Brian T. Hansen. “They serve as role models and a source of inspiration for up and coming entrepreneurs.” Another one of the sponsors of this list has proven itself for 15 decades. Celebrating its 150th birthday this past summer is the publisher of this list, the Idaho Statesman. “More important than the Statesman’s longevity is its place in Idaho history,” Publisher Mike Jung said.

sponsors continues on P.25 Photo by Dusty Parnell

IP75 sponsor Holland & Hart moved into the new Eighth & Main building in downtown Boise in 2014. On the spot formerly known for many years as the Boise Hole, the new building, home of Zions Bank, is the tallest building in the State of Idaho, literally “Reaching the Pinnacle of Success.”

holland & hart

Litigation 2015: Big Changes Mean More Businesses Can Enjoy Excellent Legal Representation There are some lawyers you do not want to face in court. Their reputation for winning precedes them. Simply the thought of doing battle with someone of her experience in front of a jury conjures thoughts of an expensive, protracted fight – one that you will, most likely, lose. In the old days, even hiring her was a decision only large companies could afford to make. But, due to several changes in the modern litigation landscape, companies of all sizes can now afford to hire the best. What’s changed? Leading litigators understand how to navigate cases and achieve the best result for their client. They take into account the business reason for the dispute and the cost of resolving it. More tools than ever before are available to help the best lawyers apply the same knowledge that makes them dangerous at trial to help companies get the best result in the most cost effective and efficient manner. Among those tools are discovery methods, project management, budgeting, and creative fee arrangements. Discovery is a phase of litigation that if not properly managed, can escalate litigation costs out of proportion to the case. A recent study found that outside counsel typically consume 70% of total e-discovery production costs, and document review typically consumes 74% of production costs. Gartner, a leading information technology advisory company, forecasts that revenue in the enterprise e-discovery software market will grow

from $1.8 billion in 2014 to $3.1 billion in 2018. New technological tools reduce volume, improve efficiency, and reduce discovery costs. But technology alone, without the know-how to implement and best apply the tools in a particular case can result in greater expense, or worse, may affect the substantive evidence available in the case. Now, more than ever, it is essential to have an experienced litigator on the case at the outset who can draw on his or her judgment to identify and refine issues and establish parameters to best utilize software or other technological tools to manage discovery. Only seasoned counsel can effectively and efficiently balance the risk versus reward of wide-ranging discovery decisions and strategically advise clients. Project management is a tool now being used by leading lawyers and law firms to institute upfront planning to define and gain consensus on the scope and effort required to successfully resolve a case. It includes the coordination of human, financial and technological resources, as well as establishing goals, timelines and communication mechanisms. As the lawyer and client work together to identify interdependencies between tasks and resources, they jointly manage the work plan and updates, and connect people with questions to appropriate people with answers. This makes cases move smoothly and enables both parties to regulate the project scope, duration, staffing, and the cost to manage quality delivery and hedge risk.

Budgets are becoming invaluable. Gone are the days of unlimited budgets when “we can’t tell you what it will cost” was a common attitude. Today, clients expect, and deserve, predictability and accountability in litigation. Litigation budgets need to be more than a “buzzword.” Providing a meaningful budget that will be followed is not just a matter of plugging numbers into a template. Mature counsel have the know-how to accurately estimate fees and expenses with a corresponding timeline for each stage of litigation so the budget serves as a road map to manage expectations. Diversity of experience in the team representing a client is another important facet of budgeting. Even on smaller cases, the appropriate allocation of tasks amongst experienced partners, junior associates, and paralegals, ensures everyone applies their skills and experience to provide efficient, predictable client service. Effectively deploying a partner’s perspective and knowledge to guide a case can be less expensive than hiring a significantly cheaper, less experienced lawyer. Creative fee arrangements can make access to excellence possible. Many lawyers resist the very notion of “alternative fee arrangements” in the context of litigation, but creatively approaching fee arrangements on a case-by-case basis is the way of the future. Project based or flat fee billing methods that have been in use for some

time in insurance claims and mortgage or patent enforcement cases are now being requested by clients in complex cases. More lawyers need to apply their creative problem solving skills to think outside the box and develop fee structures that work for their clients. Whether it is acting for a defendant on a contingency basis or negotiating a flat fee with a pre-trial incentive payment, litigators must balance the need for predictability and cost containment against the traditional cost structure of an individualized approach. These modern approaches to litigation are game changers. They mean you can have an outstanding lawyer on your side who can use these tools to obtain excellent results in an efficient, effective manner, without settling for less. She can still win in front of the jury, but her expertise may save you the expense of ever having to find out.

SPONSOR

2014


IdahoStatesman.com • Idaho Statesman

sunDAY, november 2, 2014 • idaho private 75 5

Congratulations to the Idaho Private 75 Companies

We love Idaho’s values. Idahoans are hardworking, independent of spirit, dedicated to their families and giving back to the community. We strive to live those values, too. At Holland & Hart, we do more than provide legal advice. We develop relationships and connections so we know your business, your industry and how to strategically support your pursuit of success.

1296155-01

Nicole Snyder, Administrative Partner 208.342.5000 ncsnyder@hollandhart.com 800 W. Main Street, Suite 1750, Boise, Idaho 83702


6 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

blue cross of idaho As the oldest and largest health insurance company in the state, Blue Cross of Idaho is committed to a healthier Idaho. Since our origins more than 68 years ago, we have provided our members the best value in health insurance and the tools for maintaining and improving their health. As the health insurance and healthcare industry continues to evolve, we remain focused on this mission. Our long history is rooted in the heart of the great state of Idaho, beginning in 1945 with a meeting between representatives from local hospitals, a Boise physician, and two business executives. Today, Blue Cross of Idaho Health Service, Inc. is a tax-paying, not-for-profit mutual insurance company with more than 700,000 members enrolled in our medical and dental insurance programs. We measure our success by how much money we save our members -- it’s our primary role in the healthcare equation. We also understand that a successful health plan not only helps to minimize direct healthcare costs, but provides members with the tools and resources to effectively manage and improve their health. By improving health outcomes and reducing costs, we fulfill our commitment to providing the best value in health insurance.

#5

2014

KPMG

Data Analytics, Due Diligence, and Greater M&A Success By John Hale and Joe Hartman Continuing improvement in the U.S. and global economy, favorable credit terms, open debt markets, and large amounts of cash on corporate balance sheets this year produced greater optimism that 2014 will show an increase in mergers and acquisitions. In fact, a recent KPMG LLP survey on the U.S. M&A outlook for 2014 found that 63 percent of respondents anticipated that their U.S. companies or clients would initiate at least one acquisition in 2014. The surveyed companies noted that geographic expansion, as well as customer and product line expansion are the three most common reasons driving their M&A strategies. Companies, private equity firms, and other organizations and investors planning to capitalize on the favorable economic environment and pursue M&A should consider adjusting their due diligence strategy. By integrating new tools that utilize data analytics, companies can expand beyond the information found in traditional, defensive due diligence approaches. M&A executives indicated in the survey that the most challenging issues to contend with during the due diligence process are the assessment or volatility of future revenue streams, the analysis of revenue and cost syn-

ergies, the examination of the quality of earnings and assets, as well as the evaluation of the culture and people. Businesses have historically attempted to “broadly” assess and quantify these attributes during diligence. Given the lack of information available in a traditional due diligence process, organizations have been forced to utilize qualitative approaches to analyze certain risks and opportunities of a potential investment, serving as a defensive strategy that identifies problems in the target and provides a broad, high-level view of the investment. It has become increasingly evident that data analytics is serving as the foundation for successful due diligence because it can assist in the assessment of the risks and opportunities of a particular platform, and ultimately support the justification of its value. By developing a progressive due diligence approach that utilizes the power of data analytics and employs newly available software and toolsets, investors are able to: • Identify specific risks or opportunities of the proposed investment, reduce the acquisition’s downside risks and more importantly, evaluate and expand the acquisition’s value-creation strategies. • Analyze specific trends and investment considerations unique to the transaction and industry, and provide a

valuable analysis related to customers, product lines, locations, and cost structures, among other factors. • Assess a series of attributes related to the transaction value and investment thesis, such as the target’s revenues and related profits as well as the long-term sustainability, potential risks and synergies of those returns. • Garner an advantage over competitors in a bidding situation, and maximize value for all parties involved in the transaction. • Arrive at more accurate and insightful conclusions and make better decisions when negotiating and closing the deal. • Gain confidence in the due diligence outcomes, validate or challenge the initial investment thesis while finding complementary strategies, determine a realistic price on the purchase assets, and ultimately, gain an even more favorable return. The current cutting-edge practices of M&A due diligence will only become more sophisticated by integrating market research, expanding data sets, incorporating a global viewpoint, and providing an automated perspective on the data in the future. There will be room to look more closely at the data,

assess potential synergies or disconnects more thoroughly, and develop more accurate conclusions. As companies look to differentiate themselves in a competitive marketplace by pursuing M&A, adapting their due diligence strategy with progressive and offensive tools will change the way their deals are getting done. A progressive due diligence strategy helps create the desired value, and ultimately, drive their businesses forward. John Hale is the managing partner of KPMG’s Boise office. Joe Hartman is the National Co-Leader for KPMG’s Private Equity Financial Due Diligence practice.

SPONSOR

2014


IdahoStatesman.com • Idaho Statesman

sunDAY, november 2, 2014 • idaho private 75 7

More Idahoans choose Blue Cross of Idaho than any other health insurer. (So don’t keep it under your hat!) We’re proud to be Idaho’s largest not-for-profit health insurance company. Our wide network of doctors and hospitals, excellent value in a range of different plans and leadership initiatives help improve the health of Idahoans.

bcidaho.com Blue Cross of Idaho is an independent licensee of the Blue Cross and Blue Shield Association 1331467-01


8 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

great floors For over 40 years, Great Floors has been serving the flooring needs of Idaho businesses and families. From humble beginnings in Coeur d’Alene, the company has grown to 16 Northwest locations including the Treasure Valley showroom on Fairview Avenue in Meridian. The company¹s success has been based on a three-prong approach of servicing three distinct markets, ­residential, commercial and builder, according to President and CEO Doug Chadderdon. “We have team members at each of our locations who specialize in dealing with specific customers including multifamily and insurance restoration clients. Our retail team is most visible to the public, with our builder and commercial associates often away on job sites or working with installers to get the flooring down,” the Idaho native stated. The Company’s Meridian Showroom is located at 2855 East Fairview Avenue, just west on Eagle Road. Under the direction of Manager Morris Weatherford, the Treasure Valley location offers a full range of flooring options for region’s homeowners, from today’s eco-friendly, super-soft carpets to American-milled hardwood and next generation laminates to exotics

such as cork, rubber and natural linoleums. As my dad used to say, “if your house has a floor, we’ve got you covered,” Chadderdon says.

Idaho Private 75 Top Industries - Fiscal Year Company Name AGRIBUSINESS

#42

2013 Revenues (millions)

2013 Idaho Employees

2013 Total Employees

6

7969.52

4592

12436

11

8867.16

894

1044

INSURANCE

4

2504.92

1769

6576

MANUFACTURING

7

1968.58

3596

6112

OTHER

14

3129.08

4006

7753

RETAIL

18

32402.20

9783

138824

SERVICES

4

621.06

393

821

TECHNOLOGY

4

463.29

735

880

WHOLESALE TRADE

7

3518.46

2081

4241

75

61444.27

27849

178687

CONSTRUCTION

2014

2013 # of Companies in Industry

compiled by kpmg

TOTALS

P RO U D TO B E S E L E C T E D A M O N G I DA H O ’ S B E S T

1331917-01


sunDAY, november 2, 2014 • idaho private 75 9

IdahoStatesman.com • Idaho Statesman

Albertsons Timeline — Full Circle 1927 — Joe Albertson takes a college job working in the local Safeway store in Caldwell 1939 — The first Albertson’s Food Center opens at 16th and State streets in Boise; at 10,000 square feet, it is nearly eight times larger than the average grocery market 1940 — It becomes a chain of three, with stores in Nampa and Caldwell 1945 — Albertsons Corporation is formed with six state-of-the-art supermarkets and sales approaching $3 million 1951 — The largest store — 60,000 square feet —also features a drugstore 1959 — The company goes public with its first stock offerings; at this point, there are 62 supermarkets, five drugstore units and one department store 1963 — Its 100th store opens in Seattle Photo by Dusty Parnell

This Albertsons grocery store still sits on the very site where Joe Albertson opened his first store in 1939 at 16th and Main streets near downtown Boise. The store was 100 by 102 feet and featured a bakery, an automatic doughnut machine, one of the first magazine racks in the country, double-dip ice cream cones, fresh popcorn, roasted nuts and — free parking. The store had nearly 30 employees and was open from 8 a.m. to 11 p.m.

Albertsons has come home

75-year grocery chain turns corner, adds Safeway stores By Dusty Parnell It seems fitting that the new No. 1 company on the Idaho Private 75 list has been one of the most iconic businesses in Idahoans daily lives for decades. This is the 75th anniversary of Joe Albertson’s first grocery store, and while the company had plenty of ups and downs the past few years, it is quite appropriate that the grocery chain has come home — and has come home to sit at the very pinnacle of this annual list. “2013 was a big year for us,” CEO Bob Miller said. “We reestablished the corporate headquarters in Idaho following the acquisition of over 800 stores from Supervalu in March, and later that year we added United Supermarkets’ 51 stores, based in Lubbock, Texas. “And in 2014, we announced we would be acquiring Safeway,” he said. “We are excited for the opportunities we have to build an innovative company that earns the loyalty of grocery shoppers in every market we serve.” Albertsons impact has been more than just bringing the headquarters shingle back to town. “Since March 2013, Albertsons has hired 1,680 employees in Idaho alone, which does not include local vendors and agencies who have increased their workforce to service the newly reestablished company headquarters in Boise,” Miller said. “Having a corpo-

“Since March 2013, Albertsons has hired 1,680 employees in Idaho alone … Having a corporate and division office in Boise creates highly specialized jobs that weren’t here five years ago.” — Bob Miller, CEO of Albertson’s LLC rate and division office in Boise creates highly specialized jobs that weren’t here five years ago, such as marketing, accounting, IT, executive positions, etc., as well as the jobs created by new vendor offices.” While those jobs were not here five years ago, there were some who doubted Albertsons itself would still be around. About eight years ago, Cerberus Capital Management came along and created Albertson’s LLC and its parent company AB Acquisitions. Without getting too mired in the details of closings and mergers and everything else, Albertsons Inc. had stretched itself to about 2,500 stores in 2006 under the

Albertsons name and other banners. The number of Albertsons-banner stores fell to about 600 in 2012, some owned by Cerberus and its partners, some owned by Supervalu. Now, with the two sets of stores reunited under AB Acquisition, and the deal with Safeway, AB Acquisition will have 2,400 stores under multiple banners. The prodigal grocery is back. “Idaho is home,” Miller said. “It’s is a great place to live, work and raise a family, and it’s where our company was born. We’re proud to be an Idaho-based company and look forward to continually providing great jobs and to be a great employer for this community.” Albertsons also plans to be a major participant is the community in other ways, too. “Albertsons contributes consistently to the communities we serve throughout the country, but especially in Idaho. We look to what’s important to the community, and that’s where our partnerships like the one we have with Boise State University come into play. We are very proud of our 15-year agreement with Boise State University for Albertsons Stadium,” Miller said. “We have also contributed hundreds of thousands of dollars back to Treasure Valley charities like United Way and The Idaho Food Bank, as well as sponsoring great events like the Albertsons Boise

ALBERTSONS continues on P.19

1964 — On its 25th anniversary, it purchases a 14-store chain in Southern California 1975 — Sales tops $1 billion; the company acquires another Southern California chain of 47 stores 1989 — There are now about 520 stores in 17 states 1993 — Founder Joe Albertson passes away at age 86 1999 — More mergers bring store numbers up to about 2,500 stores 2006 — Albertsons Inc. is sold to three buyers; Supervalu buys the majority of the stores, CVS purchases the standalone drugstores and Albertson’s LLC purchases the remaining 661 stores 2012 — Albertson’s LLC now operates only 192 stores across 7 states 2013 — Albertson’s reacquires 800-plus stores from Supervalu, including the remaining Albertson stores, Jewel Osco in Chicago, Acme Markets in Philadelphia and Shaw’s and Star Markets in Boston Now — 1,075 stores in 29 states and 12 names/banners Soon — 2,400 stores, Albertsons plus Safeway, nearly matching No.1 Kroger


13-0913_PowerCorpAd.pdf

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9/17/13

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10 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

2014 Idaho Private 75 Statistics • 38 of 75 or 51% are family owned • Company Structure – 52% – S Corps 23% – C Corps 17% – Partnerships 8% – Other

• Age of Companies – 4 are over 100 Years 20 are 51 to 100 years 36 are 26 to 50 years 12 are 11 to 25 years 3 are 10 years or less information provided by kpmg

power engineers incorporated We’re POWER Engineers, a global multi-disciplinary consulting services and engineering company based right here in Idaho, with over 2000 employees in 40+ locations around the U.S. and the world. We’ve been steadily growing since our founding in 1976, and are currently seeking more bright minds to bring to our team.  As consulting engineers, we’re problem solvers for hire. Our clients come to us with large-scale initiatives they want to bring to life. With a name like POWER, it’s no surprise that these projects involve generating and delivering power, but that’s just where we started. We’ve expanded our expertise beyond the energy industry, into facilities, communications, federal, and environmental services.  Our engineers provide the reports, plans, drawings, specifications, studies, estimates, analyses – and whatever else it takes – to help turn vision into reality. Since ideas are our currency, we’re driven to create the kind of culture that attracts and retains innovative, intelligent people who know how to excel as part of a team.  Our company is 100% employee-owned, so in addition to receiving a competitive compensation package with medical, 401(k) with company matches, and the possibility of an annual performance-related bonus, you could also be rewarded with the opportunity to become an owner yourself. Plus, our work environment is relaxed, and we have a solid tradition of having fun with

social events and outdoor activities that you’re not likely to find anywhere else. We’re always looking for innovative engineers of all disciplines, but that’s not all. To keep POWER a leader in our core markets, we also need administration wizards, accountants, IT experts, software gurus, creative designers, passionate writers, and more.  Come be a part of one of Idaho’s best success stories, and bring excitement, meaning, and opportunity to your career. View our job listings at www.powereng.com, and fill out an online application today.

#17

2014


sunDAY, november 2, 2014 • idaho private 75 11

IdahoStatesman.com • Idaho Statesman

Move over — ECCO Safety Group races up the list 40-year-old Boise company jumps 12 spots this year By Dusty Parnell

The ECCO Safety Group made a huge jump up the Top 75 list this year, moving up 12 spots to No. 26. In 2010, the company was sitting at No. 44, then moved to the No. 38 spot where it had been biding its time the past three years. “Organically, we have seen our global growth around 6-7 percent as our markets continue to strengthen,” said President and CEO Chris Marshall. “As part of our longterm strategy, our solid consistent performance enabled us to acquire Public Safety Equipment (PSE), a Britishbased company with operations in nine locations in six countries and 600 employees.” ECCO Safety Group (ESG) is a worldwide market leader in emergency lighting and audible warning equipment for commercial and emergency vehicles. Globally, ESG serves more than 5,000 OEM, private label, fleet and aftermarket customers in a range of industries from heavy construction and material handling equipment to utilities and emergency services. While Idaho sales may be only a small fraction of the company’s revenue, ESG is very proud of its export success, with 40 percent of its sales in Europe and the Middle East and another 20 percent in the Asia-Pacific. “With manufacturing on three continents and customers in over 85 countries, ECCO Safety Group is now truly a global player and leader in our field,” Marshall said. “The PSE acquisition has further strengthened our position in the emergency market around the world, and in China we have moved from a simple sales office to full manufacturing capability to service the local OEM needs of companies like Caterpillar.”

INTRO continued from P.2 Some of that pipeline belongs to the technology sector. Of note is Clearwater Analytics, a new entry to this year’s list at No. 67. Clearwater provides investment portfolio reporting and analytics for thousands of organizations around the world. And this company plans to be a big part of the Idaho tech pipeline. The Gardner Company recently completed Idaho’s tallest building — longtime residents no longer will gripe about the “Boise Hole” — and the company has already started on a $70 million City Center Plaza project that will literally transform downtown Boise with an underground transportation hub, expansion of the Grove convention complex and … the Clearwater Building. Clearwater Analytics will take up four floors of the building, which will also house the Boise State Computer Science Department. The partnership pipeline is going full steam. “For me, one of the most important drivers of attracting new business and expansion from existing businesses is workforce development,” said Idaho Statesman Publisher Mike Jung. “Organizations need top-notch employees, and Idaho needs to continue its emphasis on post-secondary work, whether it’s a four-year degree, an associate degree or a technical certification.”

[OEM stands for Original Equipment Manufacturer; the term is used when a company makes a part used in another company’s end product.] Also contributing to the company’s success is its ability to evolve and take advantage of market and technology changes. “To combat Far East low-cost competitor pressures, we continue to innovate, especially in LED technology,” Marshall said. “Part of our innovation goal is to drive cost out of complex electronics products to create a competitive advantage that acts as a springboard for organic growth. This is a culture that enables our Boise-based engineers to replicate our performance model globally at all our facilities.” As for those local engineers and workers, ESG has a team of more than 170 Idaho employees and local vendors as part of the supply chain. ECCO Group has been a Boise company for 40 years now, and one of its goals is to see an expansion of technology companies here that will help expand what they see as a talented labor pool. “For businesses to thrive in a fast-paced environment, they need to be agile and mobile with a solid cost base,” Marshall said. To use a pun, the future for ECCO Safety Group looks bright. “Currently with 900 employees and 12 locations around the world, our objective is to see organic growth supplemented by strategically important acquisitions that often enable savings by consolidation of operations,” Marshall said. “It is a feature of today’s environment and the competition for jobs that we are constantly being approached by cities and regions seeking our investment as we look for the most efficient locations to consolidate.”

“Idaho has really come into its own as a business hub. Many of the companies on this list do business all over the world and could have chosen to settle anywhere, and they chose to base their businesses here.” — Kevin Donovan, KeyBank The other newcomer to the list this year is CradlePoint Technologies, clocking in at No. 71. CradlePoint provides cloud-managed 4G/LTE access, routing and security solutions. The other two tech companies on the list are Syringa Networks at No. 61 and Keynetics at No. 18, a Top 20 player for many years now. Idaho’s diversity “What impresses me the most about this year’s list is that it includes a wide variety of businesses, including those that have been here for a long time and

Photo by Dusty Parnell

If you see the flashing lights of a Boise police car behind you, chances are good that those lights were made by ECCO Safety Group, a worldwide emergency warning manufacturer that has made Boise home for 40 years. The company made a strong acquisition recently and made an impressive move up the IP75 list this year to No. 26.

have succeeded through both good times and bad, as well as newer companies that are just starting to make their mark,” Donovan said. “This list also represents innovation and the advancement of technology to leverage the resources available throughout our state. Having natural resources and knowing how to use them are two very different things. Without innovation we would have been passed up by other states. Across all segments of the business community, I see companies that are able to capitalize on the success of Idaho entrepreneurs. Innovators in areas like technology, retail and construction are making Idaho an attractive state for businesses of all types.” For several years now, Idaho has received high marks nationwide as a good place to do business and for having a supportive atmosphere for entrepreneurs. These things bode well for the state to continue on its already successful path. “Idaho is doing a lot of things right, but perhaps the most important is that we’re a state with a business-friendly approach,” Donovan said. “Our state is taking active measures to attract new businesses to Idaho, and we have a smart, talented workforce that wants to invest the time, effort and resources it takes to help these businesses thrive. I also see a lot of collaboration across sectors to give local entrepreneurs the tools they need to succeed. “Programs like Project 60 and the subsequent Accelerate Idaho help set us apart from other states,” he said. “That’s a real plus for companies choosing a

location to call home. We have also seen time and time again that those who have been successful in the Treasure Valley want to stay and recreate success here. I’m encouraged by the number of business executives that retire and then choose to stay and reinvest in smaller companies within the community.” “You cannot say enough about a highly motivated, hard-working talent pool that loves to create and build,” Hale said. “But the real attraction is this — Idaho is comfortable. The business regulations, commutes, quality balance of family and work, and quick access to recreation together produce a welcoming environment. People will place more value on this in the coming decades than ever before and make Idaho their choice to create, build and play.” “There is a great deal of potential for future business growth in Idaho. I see continued opportunity for growth in technology and agriculture sciences, and I’m excited to see industries like aerospace, advanced manufacturing and technology emerging as key players in the Idaho business environment,” Donovan said. “This list also seems to demonstrate that Idaho has really come into its own as a business hub. Many of the companies on this list do business all over the world and could have chosen to settle anywhere, and they chose to base their businesses here.”


12 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

Executive Spotlight The Executive Spotlight features some thoughtful responses from the Chief Executive Officers of some of Idaho’s top privately held companies. To gain insight, we asked them the following questions.

Executive Spotlight

1) Whose success do you admire and why? 2) What has been the pinnacle of success in your career so far?

bronco motors inc.

CBH homes

Grant L. Petersen, Jr., President & CEO

Corey Barton, Owner/President

Whose success do you admire and why?

Whose success do you admire and why?

Often when discussing success, we hear “self-made man”. My late father and mother, Grant L. Petersen Sr. and Joyce C. Petersen epitomized “self-made people”. They had the ethics, vision, sense of community and that good ‘old Petersen “stick-to-itiveness” to make it through the struggles and get to the sweetest part. We continue today, 43 years and counting, with those same core values to propel the Bronco Team and future generations to success.

What has been the pinnacle of success in your career so far?

Opening our Fairview location and purchasing the Hyundai franchise were pivotal moments in my career. Those moves set the stage for the future growth of Bronco Motors and benefited our customers, employees, and business as well as community partners. My desire to provide the best experience possible, united with the foundation built by my parents, has allowed us to grow a family of dealerships that now serve the Treasure Valley with six locations.

Elon Musk – because he’s cool, highly innovative, and driven!

What has been the pinnacle of success in your career so far?    We have yet to realize it and are humbly charging for it!


sunDAY, november 2, 2014 • idaho private 75 13

IdahoStatesman.com • Idaho Statesman

Contractors northwest inc.

D&S Factors llc

Dean Haagenson, CEO

Diana Clover, President

Whose success do you admire and why?

Whose success do you admire and why?

Steve Meyer of Parkwood Business Properties for his building a successful development company.

What has been the pinnacle of success in your career so far?

Construction of the Boise Airport parking structure in record time.

delta dental of idaho

The person whose success I admire the most is my fathers, Douglas Moscrip. I have had the opportunity to watch and learn from the greatest business man I have ever known. He has always been a hard worker but also has the ability to recognize opportunities when he sees them. My dad is a self made man. He has worked as an  entrepreneur his entire life and because of his success he was able to help my brothers and I follow in his footsteps.  D&S Factors would not be on the Idaho 75 list if it weren’t for Douglas Moscrip.

ecco safety group

Jean De Luca, President & CEO

Chris Marshall, President & CEO

Whose success do you admire and why?

Whose success do you admire and why?

What has been the pinnacle of success in your career so far?   

The pinnacle is yet to come. Healthcare reform has created a unique opportunity for leaders of healthcare organizations to embark on a quest for the “holy grail” – improving health, reducing costs, and elevating the patient experience. Achieving success will require the collaboration of community leaders and I look forward to charging ahead with others to help build an improved and sustainable healthcare system in Idaho.

employers resource management company

Success achieved by confronting and overcoming adversity is the measure I most admire. The recent Invictus Games for wounded servicemen and women was a testament to the courage and determination of individuals. In a business environment I have long admired the daring entrepreneur leader of Virgin, Richard Branson. He has battled all kinds of adversity and continues to redefine imaginative business leadership.

What has been the pinnacle of success in your career so far?   

There is little doubt that for me the past twelve months have been the most exciting, challenging, rewarding and successful. After a fantastic past four years for the whole of ECCO Group, our acquisition and successful integration of Public Safety Equipment has been achieved through the remarkable efforts of the whole ECCO Safety Group team. Helping to inspire their professionalism, dedication and sheer hard work will be difficult to top.

HAYDEN BEVERAGE COMPANY

George Gersema, Co-Founder & CEO

John Dodds Hayden, Jr., President

Whose success do you admire and why?

Whose success do you admire and why?

What has been the pinnacle of success in your career so far?

Since our mission is to help entrepreneurs realize the American Dream, I admire the success of every single one of our small business clients and what they have achieved. The pinnacle of my career will be at the end when I get to look back at the number of small businesses that we have assisted in achieving the American Dream. I will vicariously share in their success and reflect on the fact that we played a crucial role in so many of their stories.

Mohammed Yunus – Professor who developed micro-lending and a conglomeration of social enterprises in Asia. Nobel Peace Prize winner.  Author of Creating a World Without Poverty.  He applies sustainable, free-market solutions to seemingly insolvable poverty.

What has been the pinnacle of success in your career so far?     Turning a potentially terminal competitive threat into a

growth-driving, value-creating ally.

Executive Spotlight

Clayton Christensen, Harvard scholar and author, is regarded as one of the top experts on innovation. In his book, The Innovator’s Prescription, he offers strategies on how to improve our broken health care system and make it more affordable.


14 idaho private 75 • sunday, november 2, 2014

healthwise

Idaho Statesman • IdahoStatesman.com

hubble homes LLC

Donald W. Kemper, Founder & CEO

Don Hubble, CEO

Whose success do you admire and why?  

Whose success do you admire and why?

I measure success by the degree to which someone likes the person he or she has become. My admiration goes to everyone who succeeds in liking who they are.

What has been the pinnacle of success in your career so far?

After successful fatherhood, and the creation of a healthy workplace for 270 people, my greatest success has been to introduce the concept of “information therapy” to the healthcare world—the prescription of the right health information to the right person at the right time. Now, electronic medical records must help doctors to prescribe information to their patients so they will better understand their choices.

I admire the J.R. Simplot Co. Mr. Simplot started with almost nothing and grew the business into a world class company.  I admire his dream to continue growing the company.

What has been the pinnacle of success in your career so far?   

Hubble Homes grew to a level of building 4 homes per day, which is equivalent to almost 800 homes per year. This was only possible because of excellent teamwork on the part of our internal team and our contractor associates.

Executive Spotlight

jackson food stores/jackson oil co.

J-U-B engineers, inc.

John D. Jackson, President/CEO

Lee E. Cammack, PE/LS, President & CEO

Whose success do you admire and why?  

Whose success do you admire and why?

The hard working people across America who find a way to make it all work. In spite of high taxes and the continual rising cost of living, they persevere.  Many working multiple jobs while raising a family.  They are the true heroes of this country to whom I have the utmost respect.  Next time you see a custodian cleaning a public restroom- tell them thank you.  

What has been the pinnacle of success in your career so far?

Watching our associates grow along with our companies. We started with one store, so many associates (including myself) began working at store level and now hold senior positions.  They became tough, smart, competitive and very hard working.  It is heartwarming to provide a segue for people with ambition.

litehouse foods inc.

General Electric – Generally over the years they have focused a great deal on developing people, and have recognized that success both financially and in terms of innovation is a direct result of the amount of effort you put into developing people.

What has been the pinnacle of success in your career so far?   

I am not sure I know how to answer that. What brings me the most satisfaction is watching people grow in their career and see them succeed in identifying and meeting client needs using their training and natural talents.  We have a lot of people who are doing that and it is gratifying.

norco inc.

Jim K. Frank, President & CEO

Jim Kissler, CEO

Whose success do you admire and why?

Whose success do you admire and why?

I admire so many people whose innovations and leadership have made a difference in the lives of consumers, employees and communities. If I had to select a single person in recent history whose success I admire, it would be Joe Albertson, founder of the Albertsons grocery stores and a notable philanthropist. I respect his entrepreneurial spirit, his passion for service, and the trust he placed in his employees and leadership team. He created a culture where employees truly felt ownership and took great pride in their work and careers. He understood the importance of serving the customer, providing excellent prices and exceptional service. Starting with one store in Boise Idaho and growing his company to the size and success he did is admirable if not remarkable. When other large chains dominated the grocery business in America he chose to take the path less traveled by creating ground-breaking concepts that are still found in today’s one-stop “supermarket” concept. Equally admirable is what Joe did with his success, becoming one of our nation’s top philanthropists. Joe gave generously to the College of Idaho and developed a foundation for the benefit of our Idaho public schools and communities. Joe’s philosophy to “give the customer the merchandise they want, at a price they can afford, complete with lots of tender, loving care” are words to admire and a wonderful legacy for all of us to follow.

What has been the pinnacle of success in your career so far?

In 2010, I was appointed President & CEO of Litehouse to lead our 50-year-old family organization through a number of significant events; changeover in management and leadership, the economic recession, fast paced growth, expansion and investment. Navigating our company at this critical time was a significant challenge, and was a time of great learning for me and a tremendous opportunity to help take this great Litehouse brand to new levels. This was a pivotal time in our company’s history and for me personally, I am tremendously proud of the success, prosperity and growth we achieved as an organization of employee-owners.

Ronald Reagan. Though the Republicans and Democrats had wide differences of opinion on many political issues, President Reagan was able to come to terms with House Speaker Tip O’Neil and move the Country forward using his widespread popularity with the citizens of American and his negotiation skills.

What has been the pinnacle of success in your career so far?   

I am still waiting to reach the pinnacle of success in my career, but what I think it might look like would be running a large and growing company that was profitable enough to afford a talented team of dedicated employees who were motivated by a generous profit sharing program. That Company would also donate a significant portion of its profits to charities in each of the communities it served and the leaders of that Company would contribute their time to local Charitable Boards.


sunDAY, november 2, 2014 • idaho private 75 15

IdahoStatesman.com • Idaho Statesman

Peterson Auto Group

petra Inc.

Mark M. Peterson, President & CEO

Jerry Frank, President & CEO

Whose success do you admire and why?

Whose success do you admire and why?

I admire Rory McIlroy and his emergence to be the World’s #1 Golfer. At just 20 years old, his collapse in the last round of the Masters in 2011 (led after 3 rounds and then shot 80) could have ruined his confidence and led to his demise. Instead, he learned from his mistakes, strengthened his weaknesses and perhaps most impressively developed a mental strength that has propelled him to the top of the sport. 

What has been the pinnacle of success in your career so far?   

The pinnacle of success in my career so far has been the successful transition of our family business into a third generation. This was accomplished through competent day to day business operations, strategic growth to maintain strength in the market, and  wise capital expenditures to ensure modern facilities and equipment. The next challenge will be to transition our business to the fourth generation. 

Regence BlueShield of Idaho

Arnold Palmer, because he made it to the top of his profession and still remained grounded. He is kind, humble, and approachable; he remembers where he came from.  He is the king of golf and yet still makes time to answer every fan letter received. Sometimes it is the little things that make you a big success.  

What has been the pinnacle of success in your career so far?

In 2007 I was selected by Ernst and Young for Entrepreneur of the Year, Pacific Northwest Division. This made me realize that we had grown to a new level at PETRA. Our projects have positive impact on our local economy and we have helped grow our communities. I always want to help improve our quality of life.

stinker stores

Scott Kreiling, President

Charley Jones, President & Owner

Whose success do you admire & why?

Whose success do you admire and why?

What has been the pinnacle of success in your career so far?

I’ve been very fortunate, so it’s hard to point to a single milestone as standing above all others. That said, it’s been an exceptional honor to have Regence BlueShield recognized by the Idaho Technology Council as a finalist for Innovative Company of the year in 2014. In my mind, the recognition is an acknowledgement of the drive, creativity and the day-to-day hard work of each and every member of the Regence BlueShield of Idaho team. Leading a high-performing, externally validated group like this is definitely a top-of-the-list experience for me.

syringa networks

Robert Earl Holding 1926 - 2013 – Earl came from humble beginnings and built a business empire with his wife Carol through hard work, determination, skill, and taking on risk. His family owns Sinclair Oil, Sun Valley and Snowbird Ski Resorts, Little America Hotels, Grand America hotel in SLC, and a big successful cattle ranch operation in Wyoming/Montana. It is a giant family owned business that continues to grow and improve into the second and third generations of family ownership. I admire Earl for the business he built and the family he and Carol raised. Mr. Holding helped my partner, Shawn Davis, and I purchase Stinker Stores in 2002. He understood the risk of backing us in our quest to resurrect the Stinker brand in Idaho. Without his personal assistance, we could not have completed the purchase.

What has been the pinnacle of success in your career so far?

Purchasing Stinker Stores in 2002 with my partner, Shawn Davis, gave me the chance to own and manage a business. I had worked as an employee of several successful businesses for 35 years. I now had the chance to make ALL the decisions, take ALL the risks, and reap ALL the rewards. The honor of leading Stinker Stores is a thrill. I work with 525 people who are passionate and committed to Stinker’s success. Buying out my partner, Shawn Davis, in 2012 after 10 years in business together is a close second. The partnership was very successful and we remain friends today. The purchase of Shawn’s interest in Stinker was a WIN - WIN. He achieved a liquidity event guaranteeing him and has wife, Jane, a prosperous retirement. I was able to purchase 100% interest in Stinker Stores and begin a new dream of passing the business on to my family.

united heritage financial group

Greg Lowe, CEO

Dennis Johnson, President & CEO

Whose success do you admire and why?

Whose success do you admire and why?

Mayor Tammy de Weerd. She has an incredible work ethic, she is balanced, and she has led Meridian to national recognition as one of the best places to live in America.

What has been the pinnacle of success in your career so far?

Being selected by several of Idaho Private 75 winners to be their communications carrier of choice. We take great pride in helping create success for Idaho.

I admire Idaho business men and women who have grown small businesses into larger ones. Notable names include Jack Simplot, Joe Albertson, and Steve Appleton.  But names like Zamzow, Shoemaker, and Newberry also come to mind.  They have all succeeded in making Idaho their base and growing significant businesses.  

What has been the pinnacle of success in your career so far?  

My career, like those of many others, is a journey. There have been successes and challenges and I look forward to future successes.

Executive Spotlight

I truly respect what Jim Everett of the Treasure Valley YMCA has been able to accomplish over the years. It’s impressive to see how he’s been able to pull all of the key community business leaders together to support healthy lifestyles and the Treasure Valley YMCA. He also has a keen eye for talent, having assembled a highly capable and passionate staff.


16 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

IDAHO PRIVATE 75 2014

I d a h o ’ s

2014

2013

Rank

Rank

1

Company Name

Headquarters

Industry

t o p Web site address

p r i

Top Executives

AB Acquisition LLC (Albertsons) Boise Retail Trade www.albertsons.com The Albertson’s family of stores is working to become the favoritie food and drug retailer in every market it serves.

Robert Miller, Rick Navarro

2

1

J.R. Simplot Company Boise Agribusiness www.simplot.com Principally engaged in food processing, fertilizer manufacturing, livestock production, farming, and other enterprises related to agribusiness.

William J. “Bill” Whitacre, Annette G. Elg

3

2

WinCo Foods, LLC

Steven L. Goddard,

Boise

Retail Trade

www.wincofoods.com

Wholesale Trade

www.jacksonsfoodstores.com/ www.jacksonoilco.com

Richard L. Charrier

Regional discount grocery chain. 4

3

Jacksons Food Stores / Jackson Oil Co. Meridian Wholesale, retail, transportation, real estate, and aviation.

5

4

Blue Cross of Idaho Meridian Other - Insurance www.bcidaho.com Leading health insurer for almost 70 years - committed to high quality, cost-effective health care services at the lowest possible cost.

Zelda Geyer-Sylvia, Jack Myers

6

6

Melaleuca Inc. Idaho Falls Other - Consumer Direct Marketing www.melaleuca.com World leader in manufacture and consumer direct marketing of personal care, home hygiene, nutritional and health products.

Frank L. VanderSloot, McKay Christensen

7

5

Agri Beef Co. Producer of high quality branded meat products.

Robert Rebholtz, Jr., Kim Stuart

8

7

The Amalgamated Sugar Co. LLC Boise Manufacturing www.srcoop.com Duane Grant, Vic Jaro An agricultural cooperative, composed of over 800 Idaho, Oregon, and Washington growers. Second largest U.S. Beet Sugar producer providing 10% of the country’s sugar requirements.

9

9

Kendall Dealership Holdings, LLC Boise Retail Trade A family owned automotive enterprise with dealerships and service centers in Idaho, Oregon, and Alaska.

www.kendallautoidaho.com

Paul Skillern, David Blewett

10

17

Bodybuilding.com, LLC Boise Internet retailer of sports, fitness and nutritional supplements.

www.bodybuilding.com

Ryan R. DeLuca, Chris Olsen

11

10

Scentsy Inc. Meridian Other - Direct Selling www.scentsyfamily.com An international direct-selling company offering a family of brands including Scentsy Fragrance and Velata through Independent Consultants.

Orville Thompson, Heidi Thompson

12

11

Regence BlueShield of Idaho Boise Other - Health Insurance www.id.regence.com A leading nonprofit mutual health insurance company offering health, life and dental insurance for individuals and employers across the state.

Scott Kreiling, Michael J. Stockwell

13

12

Dave Smith Motors Kellogg Retail Trade www.usautosales.com Ken Smith, Eric Smith World’s largest Dodge, Chrysler, Jeep, Ram dealer. Northwest’s largest GM dealer. Full service sales, service, accessories, parts, body shop, and tire departments.

14

13

Potandon Produce L.L.C. Idaho Falls A national sales and marketing company for fresh potatoes and onions.

15

15

Woodgrain Millwork, Inc. Fruitland Manufacturing www.woodgrain.com Manufacturer and distributor of doors, windows and mouldings. Family owned and operated for over 50 years. In Idaho since 1969.

Kelly Dame, Reed Dame

16

16

Employers Resource Management Company Boise Services - (PEO) Professional Employer Organization www.employersresource.com Preserving the American Dream for businesses by handling employer related governmental compliance through PEO services.

George H. Gersema, Mary D. Gersema

17

19

Other - Engineering/consulting www.powereng.com Jack Hand, Brett Moffett POWER Engineers Incorporated Hailey A global consulting engineering firm specializing in integrated solutions for energy, food and beverage, facilities, communications, environmental services and federal markets.

18

14

Keynetics Inc. Boise Technology www.keynetics.com Bradley J. Wiskirchen, Dr. Tim Barber Keynetics has two operating subsidiaries: ClickBank, is an internet retailer; and Kount is an online fraud prevention and sales acceleration solution.

19

18

Stinker Stores Boise Retail Trade www.stinker.com Charley D. Jones, Steve Watts Idaho convenience store chain founded in 1936, with 65 stores and more than 500 employees. Arrowrock Supply and Westpoint Transportation are affiliated companies.

20

22

Ridley’s Family Markets Twin Falls Retail Trade www.shopridleys.com A family owned chain of supermarkets, pharmacies, and Ace hardware stores with locations in Idaho, Utah, Nevada, and Wyoming.

Jerry L. Ridley, Mark Ridley

21

28

ESI Construction Meridian Construction www.esiconstruction.com Among the nation’s leading commercial contractors working throughout the United States in diverse market sectors.

Thomas D. Hill, Neil W. Nelson

22

20

Super 1 Foods Hayden Retail Trade A grocery supermarket company operating in Idaho and Montana. Founded in 1970 by Ron McIntire.

Ronald B. McIntire, Randy McIntire

23

21

D&S Factors LLC Fruitland Transportation www.dsfactors.com D&S purchases accounts receivable to help small transportation companies with cash flow in the transportation industry.

24

24

Peterson Auto Group Boise Retail Trade www.petersoncars.com Mark M. Peterson Sales, service and insurance for new and used automobiles; auto parts and body shop; new brands include Toyota, Scion, Lexus, BMW, Chevrolet, Buick, Cadillac, Dodge, Chrysler, Jeep, and Ram.

25

25

Western Power Sports Inc. Boise Wholesale Trade Wholesale distributor of motorcycle, snowmobile, ATV and personal watercraft parts and accessories.

Boise

Agribusiness

Retail Trade

Agribusiness

www.agribeef.com

www.potandon.com

www.super1foods.net

www.wps-inc.com

John D. Jackson, Cory Jackson

Steve Ottum, Mel Davenport

Diana Clover, Andrea Knoblauch-Wright

Craig Shoemaker, Randy Lawrence


sunDAY, november 2, 2014 • idaho private 75 17

IdahoStatesman.com • Idaho Statesman

C o m pi l ed b y K P M G

i v a t e

c o m p a n i e s

2014

2013

Rank

Rank

Company Name

26

38

ECCO Safety Group Boise Manufacturing www.eccolink.com Chris Marshall, Tom Mazzei Designs, manufactures and markets commercial and emergency vehicle warning products - back-up alarms and amber warning lights and lighting systems.

27

23

Norco, Inc. Boise Wholesale Trade www.norco-inc.com Nation’s largest privately held gas manufacturer and distributor of welding, safety and medical equipment and supplies.

28

26

Land View Inc. Rupert Agribusiness www.lvf.com Roy M. Young, Lance L. Whitney Manufactures, warehouses, distributes, and delivers agricultural crop inputs, dairy and livestock feeds and ingredients, and industrial and food process chemicals.

29

31

Edmark Superstore / Volkswagen Audi Boise Nampa Retail - Automotive & Service www.edmarksuperstore.com/ www.vwaudiboise.com Automotive sales and service: Chevrolet, Cadillac, GMC, Buick, KIA/Volkswagen, Audi.

30

30

Litehouse Foods Sandpoint Manufacturing www.litehousefoods.com Jim Frank, Kelly Prior Leading manufacturer and distributor of dressing, dips, sauces, apple cider, instantly fresh herbs & artisan cheese selling retail, foodservice and value add channels nationwide and international.

31

27

Small Mine Development LLC Boise The leader in safe, productive and innovative mining solutions.

32

37

Idaho Pacific Lumber Company Inc. Boise Wholesale Trade www.idapac.com Wholesale distribution of lumber and building materials to contractors on large, single family, multi-family and commercial projects across the U.S.

Eric D. Grandeen, Rick Sullivan, Keith Berg

33

33

United Heritage Financial Group Meridian Other - Insurance www.unitedheritage.com Offering life, property and auto insurance products, and annuities and investments in 39 states, primarily in the western U.S.

Dennis Johnson, Jack Winderl

34

32

Capitol Distributing Meridian Wholesale Trade Full line grocery warehousing and distribution to Idaho, Nevada, Utah, Oregon and Washington.

Tremayne Arnold, Rich Faw

35

34

Other - Food Sales & Marketing, food processing & Real Estate development & investment www.oppcos.com Oppenheimer Companies, Inc. Boise Food processing, distribution, sales and marketing industries as well as two affiliated companies involved in real estate.

Arthur F. (Skip) Oppenheimer, Douglas F. Oppenheimer

36

39

Other - Real Estate Development & Mgmt Co www.hcollc.com Hawkins Companies Boise National commercial real estate development company of over 240 real estate projects in 23 states in excess of 10m SF.

Gary R. Hawkins, Robert L. Phillips

37

45

CBH Homes Meridian Construction www.cbhhomes.com As Idaho’s #1 homebuilder, CBH has built over 14,000 shiny, new, awesome homes with a passionate team of 60 superstars!

Corey Barton, Ronda Conger

38

35

Broulims Super Markets Inc. Rigby Retail grocery stores with pharmacies and hardware stores.

Retail Trade

www.broulims.com

Robert W. Broulim, Wade Snedaker

39

41

Franklin Building Supply Co. Boise Full service building supply sales to builders, remodelers and consumers.

Retail Trade

www.franklinbuildingsupply.com Rick Lierz, Rhonda Millick

40

36

Commercial Tire Inc. Meridian Retail Trade Providing tire sales and service for over 40 years in Idaho, Oregon, Washington and Utah.

41

44

Thomas Cuisine Management Meridian Services - Food www.thomascuisine.com Providing unparalleled on-site food management services to clients in healthcare, corporate and event center industries.

Thad Thomas, Mark Kadell

42

46

Coeur d’ Alene Retail Trade www.greatfloors.com Great Floors Providing quality floor coverings and countertops for Northwest homeowners and businesses for over 40 years.

Doug & Ken Chadderdon, Jim McGee

43

43

Hayden Beverage Co Boise Wholesale Trade www.haydenbeverage.com John Dodds Hayden, Jr., Dan Scovel Distributor of specialty beer, wine, and soft drinks including Heineken, Fat Tire, St. Chapelle, Yellow Tail, Kendall-Jackson, Red Bull and many others.

44

49

www.dickinsonfrozendfoods.com Gregory Huff, Michele Smith Dickinson Frozen Foods Eagle Agribusiness Operates plants in Fruitland and Sugar City, Idaho processing and selling individually quick-frozen vegetables to industrial food processors and food service companies.

45

48

D&B Supply Co. Caldwell Retail Trade www.dbsupply.com Mark Schmitt, Blaine Ream General merchandise retailer specializing in farm, ranch and home products; supplying everything the homeowner, rancher or producer needs to manage their “country lifestyle”.

46

42

Bronco Motors Inc Boise Retail Trade www.broncomotors.com A family owned & operated Hyundai, Nissan, Nissan Commercial, Mitsubishi, Infiniti & Bronco branded vehicles.

47

40

Hansen-Rice, Inc. Nampa Construction www.hansen-rice.com Burke Hansen, John Rice Design-Build General Contractor specializing in agricultural and industrial construction. Services include: Master Planning, Design & Engineering, General Contracting, Construction Management, Steel & Erection.

48

47

Boise Peterbilt, Inc. Boise Transportation www.peterbiltofidaho.com A full-service distributor (sales, service, body shop and financing) of Peterbilt heavy and medium duty transportation equipment.

Blake A. Jackson, Bruce Adams

49

51

Western Trailer Sales Co. Boise Manufacturing www.westerntrailer.com Manufacturer of over-the-road trailers, producing flatbed, wood residual, agricultural and refuse trailers serving industries across the U.S.

Jerald (Jerry) M. Whitehead, Vicki L. Kovash

50

53

Delta Dental of Idaho Boise Services-Dental Benefits www.deltadentalid.com Idaho’s largest provider of dental benefit programs and is committed to improving the dental health of Idahoans.

Jean De Luca, Greg Donaca

Headquarters

Industry

Web site address

Other - Underground Mining Contractor www.undergroundmining.com

www.capitoldist.com

www.commercialtire.com

Top Executives

Jim Kissler, Ned Pontious

Jim E. Chalfant, Dave Edmark

Cheryl Gmirkin, Jesse Leib

Bob Schwenkfelder, J. Trent Schwenkfelder

Grant L. Petersen, Jr., Richard Schraft


18 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

IDAHO PRIVATE 75 2014

C o m pi l ed b y K P M G

I daho ’ s top private companies

2014

2013

Rank

Rank

Company Name

51

50

www.thekingstoncompanies.com David O. Kingston, Sr., Kingston Companies Idaho Falls Diversified Holdings Food distribution & cold storage, farming, transportation brokerage & trucking, property development & management, “green” energy production, distressed bank loan portfolios, real estate & loan workout servicing. Brandon Snyder

52

70

The Russell Corporation Commercial general contractor serving the Northwest.

53

59

Intermountain Industries, Inc. Boise Other - Oil & natural gas exploration www.intermountainindustries.com William C. Glynn, Paul R. Powell Closely held holding company whose principal subsidiary, Petroglyph Energy Inc. is the General Partner for IIIX LP, an independent oil and natural gas company that develops and produces oil and natural gas reserves in Utah, Colorado, and North Dakota.

54

55

The Smith Group Idaho Falls Retail Trade www.thesmithgroup.com A family owned corporation specializing in the sales and service of new Chevrolet, new Honda; pre-owned and recreational vehicles.

55

54

Global Travel Boise Services - Travel Related www.myglobal.com Evelyn Loveless, Kevin Loveless An Idaho Corporation specializing in the Art of Travel; Corporate, Leisure, Group & Event planning. “Space Travel Coming Soon” One call does it all 387-1000.

56

56

Clear Springs Foods Inc. Buhl Manufacturing Largest producer of aquacultured Rainbow Trout. Products can be found nationwide and in Canada.

57

52

Portage, Inc. Idaho Falls Services www.portageinc.com A full service engineering and environmental services company supporting federal, state, tribal, and local governments and private industry.

58

57

McAlvain Group of Companies, Inc Boise Construction www.mcalvain.com Torry McAlvain For more than 34 years, McAlvain Group of Companies has been providing design/build, construction management, and general contracting services throughout the Western U.S.

59

58

RSCI Meridian Construction Construction company specializing in industrial and federal government facilities.

60

65

Bateman-Hall, Inc. Idaho Falls Construction www.bateman-hall.com General Contractor and construction management firm specializing in commercial buildings, public facilities, industrial buildings and warehouses for over 39 years.

61

63

Technology - Telecommunications www.syringanetworks.net Greg Lowe Syringa Networks Boise Specializing in custom network solutions for businesses, providing high performance fiber-optic networks, services, and equipment throughout the region.

62

62

Hoff Companies, Inc. Meridian Diversified Holdings www.hoffc.com Wholesale distribution of building materials, vinyl window manufacturing, timberland management, and land development.

63

60

Tomlinson & Associates, Inc. Boise Diversified Holdings www.tomlinsonassociates.com Gregory J. Tomlinson, Tanya Wilmink A vertically integrated multifamily commercial real estate company, providing property/asset management, development and rehabilitation services throughout the Northwest.

64

67

Hubble Homes LLC Meridian Construction www.hubblehomes.com Idaho’s premier residential home builder, offering high value, exceptional design and lifestyle personalization in beautifully planned communities.

65

61

Petra Inc. Meridian Construction www.petrainc.net Jerry S. Frank, John Quapp A recognized leader in general contracting and construction management, PETRA’s in-house services include planning, value-engineering, start-up, construction, and commissioning.

Headquarters

Meridian

Industry

Construction

Web site address

www.russcorp.com

www.clearsprings.com

www.rscigroup.com

Top Executives

Neal H. Russell, Sharon K. Russell

Stafford L. Smith, Nathan Johns

Larry W. Cope, Keith Quigley Nick Stanisich, Kevin Poor, Harry Fugate

Zeke Johnson Shay Moon, Mike Clements, Aaron Johnson

Brian Hoff, Todd Armstrong

E. Don Hubble, Dave Light

66

Independent Food Corporation Twin Falls Agribusiness www.fallsbrand.com Producer of “Falls Brand” packaged meats and “Salmon Creek Farms” natural pork, serving the Western U.S. and Pacific Rim.

Patrick Florence, Edward “Rob” Stephens

67

Clearwater Analytics Boise Technology An innovative provider of investment portfolio reporting and analytics for institutional investors worldwide.

Dave Boren, Doug Bates, Mike Boren

68

Stein Distributing Co. Boise Wholesale Trade www.steinbeer.com Keith D. Stein, John A. Grizzaffi Wholesaler of beer, specialty malt beverages and non-alcoholic products; servicing over 30,000 sq miles in 10.5 counties with a population over 700,000.

69

Steed Construction, Inc. Eagle Construction www.steedconstruction.com Randy S. Steed, Scott J. Raymes Commercial General Building Contractor specializing in the design and construction of office, warehouse/distribution, hospitality, retail, healthcare, religious, and educational facilities.

70

68

71 72

J-U-B ENGINEERS Inc Boise Other - Engineering www.jub.com George L. Wagner, Lee E. Cammack J-U-B provides civil engineering, construction services; environmental; funding/grant administration; GIS/mapping; landscape architecture; planning; public involvement and land surveying expertise. Cradlepoint Technologies Boise Technology Leading provider of Cloud-managed 3G/4GLTE networking solutions for distributed enterprises.

64

73

www.clearwateranalytics.com

www.cradlepoint.com

George Mulhern, Val Heusinkveld

Premier Technology, Inc. Blackfoot Manufacturing www.ptius.com Shelly Sayer, Douglas A. Sayer Custom engineering, design, fabrication, testing and installation for nuclear, Department of Defense, aeronautical, food, and chemical processing industries. Contractors Northwest Inc. Coeur d’Alene Construction www.contractorsnorthwest.com D. Dean Haagenson, Bryan Taylor Full service commercial and industrial general contractor, self-performing concrete, carpentry, structural steel, miscellaneous metal and select finish work.

74

72

SummerWinds Garden Centers, Inc. Boise Retail Trade Operating upscale independent retail garden centers with 14 locations in Arizona, California and Missouri.

www.summerwindsnursery.com Frank Benzing, John Jozwik

75

71

Healthwise Boise Other - Healthcare www.healthwise.org Over a billion times, people have turned to Healthwise patient education solutions to make better decisions and live heathier lives.

Donald H. Kemper, Jim Giuffre‘


sunDAY, november 2, 2014 • idaho private 75 19

IdahoStatesman.com • Idaho Statesman

albertsons continued from P.9 Open, Susan G. Komen Race for the Cure, FitOne and numerous smaller events throughout the area.” But even after 75 years, some things never change when it comes to getting back on track. “We focused sharply on Joe’s original philosophy: give the customer the product they want, at a price they are willing to pay, with lots of tender, loving care,” Miller said. “We started simply, cleaning up the stores, lowering prices and improving our fresh produce, meat, seafood and bakery items. We also put the decision-making close to the customer again, and it’s helped us to turn a corner.” It’s something Joe would be good with — it’s what gave birth to his dream way back in 1939. “In this business, the key to success is listening to your customers and delivering what they want, so it’s very much an old-fashioned approach to an increasingly modern business,” Miller said. “For example, in our Federal Way and 36th and State stores, we had a huge demand for a wide variety of fresh craft beer (which we strive to deliver in all stores). In order to take this to another level, we installed Growler Stations, where customers can purchase or bring in their own growler and fill it with a variety of fresh craft beer. “Across the valley and throughout the company, we’ve also implemented other programs like our fresh-cut program, which provides customers with a variety of fresh produce and deli items prepared instore, as well as our Choice Beef program. And all of

our stores in the valley now sell BSU Bronco merchandise. It’s a multi-faceted approach, and it works to bring the best to our customers.” One of Idaho’s own has come home, and the company has a new look in its eye. “We are still focused on building a great company,” Miller said. “Our teams will focus on delivering what customers want locally, and we will give our store teams more flexibility to make decisions that are right for their neighborhoods.”

Cultivating new ideas in farming.

J.R. simplot company We’re proud to say that the J. R. Simplot Company remains one of the largest privately held food and agribusiness organizations in the United States. When Jack Simplot started our company in 1929, he did it with the flair and impetuousness that is found in private enterprises much more often than publicly held organizations. A pivotal incident involved J. R. winning an electric potato sorter with a coin flip. It probably didn’t seem like a momentous situation at the time, but it turned out to be a crucial moment that helped to launch him full-bore into his colorful career. After starting more than 30 potato sheds along the Snake River, J. R. entered the vegetable dehydration business, marketed the first commercially viable frozen french fries, and got involved in phosphate mining and processing. All these ventures were the result of his independent way of thinking, and he demonstrated that taking a calculated risk can pay off in a big way. Of course, we don’t decide important issues with coin flips any longer, but J. R.’s entrepreneurial spirit is still with us. Our leaders have found that a dash of common sense, pinch of sound business principles, and sprinkle of J. R.’s adventurous nature is a pretty good recipe for success. In fact, the Simplot Company has had some of its best years ever during the past decade. We’re also proud to say that our founder’s axiom of hiring good people, then turning ’em loose, is still

working today with more than 10,000 employees in North America, China, and Australia. As J. R. used to say, “the future’s not ours to see.” However, if past performance is a reliable indicator, we can say with some certainty that our chances for continued success as a privately held company look pretty good.

#2

2014

When you look at farmland, what do you see? For us, we see possibilities. We see the adventure of discovery and the excitement of finding new ways to make plants more plentiful. We see new technologies that make us more efficient and effective. We see innovations that make the world a better place. That’s why we don’t just cultivate crops. We cultivate new ideas in Bringing Earth’s Resources to Life.

Discover more at www.simplot.com.

© 2014 J.R. Simplot Company.

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20 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

NEWCOMERS

Clearwater Analytics — the first 10 years is only the beginning Tech company breaks ground downtown and jumps onto the IP75 list By Dusty Parnell Clearwater Analytics makes its debut onto the Top 75 list this year at No. 67, and the tech company’s name will soon be well known as it takes up a new home in 2016 in the Clearwater Building of the City Center Plaza. “We’ve broken ground on a new headquarters downtown in the same building as Boise State University’s computer science department,” CEO Dave Boren said. “We hire interns and full-time employees from regional universities, and we intend to expand our current workforce in this area to accommodate our company’s plans for growth.” Clearwater Analytics prides itself on being an innovative provider of investment portfolio reporting and analytics for thousands of organizations around the world. “We create web-based software and provide worldclass client service to help our clients automate investment accounting, monitor investment policy compliance, and analyze portfolio performance and risk,” Boren said. “We report on over $1 trillion in assets for insurers, corporations, asset managers and other financial institutions. Corporate standouts like Best Buy, Cisco, Costco, Facebook, LinkedIn, Netflix, Oracle, Starbucks and Yahoo! trust Clearwater to streamline investment portfolio accounting and reporting. Many companies need daily information about their investment portfolios to succeed in a competitive and challenging financial climate, and they rely on us to provide them with accurate and timely data.” Founded in 2004, Clearwater quickly became the preferred investment accounting and reporting solution for many leading U.S. corporations. In 2009, the company expanded its client base to include insurance companies. While headquartered here in Idaho, there are additional offices in New York City and Edinburgh, U.K. Recently surpassing the $1 trillion mark for assets it reports on was a huge milestone for the company. “This not only indicates the success of our clients’ portfolios, but our own success as well, as this number has grown by billions each year,” Boren said. “In 2012, we were named as Idaho’s ‘Innovative Company of the Year’ by the Idaho Technology Council. The previous year, we appeared on Deloitte Technology’s Fast 500 List, which recognizes the fastest-growing technology companies in the world.” Breaking new ground — and helping to finance — the new Clearwater Building in downtown Boise is indication of the company’s confidence in its continued growth. From only a handful of people 10 years ago, Clearwater Analytics has grown to more than 350 employees, with the majority living and working in the Boise area. “To help us recruit top talent, we partner with regional universities by funding scholarships and offering internships,” Boren said. “In the summer of 2014 alone, we hired nearly 50 interns, providing these individuals with invaluable real-world work experience. We

Photo by Dusty Parnell

Clearwater Analytics not only moves into the Top 75 list for the first time, but the company will set up shop in a very prominent location — the top four floors of one of the buildings under construction as part of the $70 million City Center Plaza that will transform the heart of downtown Boise. While the project expands office and retail space, it also improves and enlarges the Grove’s convention capabilities and creates a major underground transportation hub. The BSU Computer Science Department will share space in the Clearwater Building, too. INSET: Attending the July groundbreaking ceremony were Clearwater founders (left to right) CFO Doug Bates, CEO Dave Boren and COO Mike Boren. Photo provided by clearwater analytics

also consistently hire top graduates, including many former interns, for full-time positions. We also strive to stay involved with groups and events that support the Idaho software, development and technology communities by sponsoring and hosting events.” In addition to receiving high marks for customer satisfaction, Clearwater competes in the financial technology industry through constant evolution and improvement, reacting quickly to changes in the market. “When we formed the company in 2004, no one in the corporate treasury space was reconciling their transactions and positions daily and aggregating from multiple sources — or layering accounting, risk, performance and compliance on top of this,” Boren said. “Now, we’re the gold standard in many markets and are spreading quickly into others. We’re constantly re-tool-

“We’re the gold standard in many markets and are spreading quickly into others. We’re constantly re-tooling our systems to meet market needs.” — Dave Boren, Clearwater Analytics CEO and co-founder ing our systems to meet market needs. Plus, because our software-as-a-service solution represents how

companies will ‘buy’ software in the future, we’re helping our clients embrace the future of technology today.” Clearwater Analytics is clearly dedicated in its goal to be a major part of Boise’s tech scene by forming partnerships with the city, educational institutions and the area’s growing tech scene. “We founded Clearwater in Boise specifically because it offers a unique lifestyle that supports a healthy work/life balance with access to the amenities of a city, while also offering close access to the great outdoors,” Boren said. “Clearwater’s success is the result of the confluence of three critical pieces: a great product, a great marketplace and great people. We have an exceptional group of employees, and they have been essential to the success of the company.”


sunDAY, november 2, 2014 • idaho private 75 21

IdahoStatesman.com • Idaho Statesman

CONNECT

NEWCOMERS

WITH CRADLEPOINT

Cradlepoint’s always-connected and cloud-managed platform delivers the 3G/4G LTE networking solutions that Small Footprint Distributed Enterprises need to confidently connect customers, devices and systems—anywhere, anytime. Photo by Dusty Parnell

CradlePoint Technology has seen tremendous growth of 60 percent in each of the past two years and moves into the Idaho Private 75 list for the first time at No. 71. The company is one of only four tech companies on the list, two of which are new to the Top 75 this year. CradlePoint specializes in 3G and 4G routers and networking solutions. It has more than 250 employees and is expected to increase its workforce by about 10 percent before the end of 2014. Spread out over four locations in Boise, the company hopes to consolidate into a new building soon.

cradlepoint technologies Cradlepoint is the global leader in cloud-managed 3G/4G LTE networking solutions. Our customers are some of the largest retail, financial, insurance and transportation companies in the world. We dedicate ourselves everyday to stay focused on our client’s success, and being agile in building the right-sized solutions that improve their business. We deliver an always-connected networking experience to Small Footprint Distributed Enterprises, which is easy to manage and scale across hundreds or thousands of locations. Our cloudmanaged solutions combine the network reliability, security and analytics that are critical for business continuity and growth, brand protection, and customer engagement in today’s mobile, connected world.

We are proud to be a global leader in cloud managed 3G/4G LTE networking solutions offering business-grade, secure connectivity to distributed enterprises. The continued success of our company is due to our passion and commitment of delivering a successful relationship to our customers, if they are not successful then neither are we. Founded in 2006, CradlePoint has deployed more than 1 million devices, and we continue to make investments in hiring talented people to ensure we stay a global leader. Visit CradlePoint.com to learn more about our award-winning products and career opportunities.

#71

2014


22 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

syringa networks Syringa Networks specializes in custom network solutions for businesses, providing a wide range of networking services throughout the Mountain West. Delivered over a purpose-built self-healing fiber optic network, services are available at a range of speeds from T1 to OC-192 and Ethernet at data rates ranging from 1 Megabit (Mb) to 10 Gigabits (Gbs). Syringa Networks also offers Dedicated Internet Access (DIA), MPLS, SONET, DWDM, Fiber-to-the-Tower, Dark Fiber, Network Equipment sales, and Fixed Wireless Broadband delivered through Syringa Wireless, a wholly owned subsidiary of Syringa Networks. “Our goal is to exceed our customers’ expectations at every turn,” Greg Lowe, Syringa Networks CEO said. “Our success is a result of the trust we build with our customers and their communities. By sticking to our core values—community, integrity and collaboration—we have become more than a service provider to our customers. We have become a trusted partner who understands their needs.” Syringa Networks is a privately held Idaho corporation and is headquartered in Boise, Idaho, with additional offices in Idaho Falls, Idaho, and Salt Lake City, Utah.

kendall dealership holdings llc

#61

2014

Since opening their original dealership in 1937, Kendall Auto Group has grown to 37 dealerships throughout the Pacific Northwest while remaining a privatelyowned company for the past 77 years. Over the years, Kendall has exemplified the dedication to community and local business that Idahoans care for so deeply. With over 250 employees in Idaho, Kendall has contributed to the local economy not only through job creation, but by giving back to the community. Partnering with local organizations has been a cornerstone of the company for decades and Idaho is no exception. Since the Boise relocation of Kendall headquarters in 2012, the Treasure Valley has also been a launching point for new innovative Kendall Cares programs, an avenue for Kendall to focus on a variety of community and charitybased partnerships and initiatives throughout the year. In the past two and a half years, Kendall has given back over $500,000 to the Treasure Valley communities through the Kendall Cares program and has developed strong relationships with local organizations including the Idaho Foodbank, the Women’s and Children’s Alliance, Big Brothers Big Sisters, and the Boys and Girls Club of Ada County. In addition, Kendall Ford of Meridian introduced the inaugural Drive for

Education program to the Treasure Valley community and awarded 21 college scholarships for local students. In 2014, the construction of a Used Superstore was completed in Meridian , creating more local jobs for our economy. Kendall has truly started something great in Idaho: a family organization that Idaho can be proud to call its own. The Idaho Private 75 is a great reminder that Kendall’s mission of treating people and doing business the right way, is the only way. That means a great deal to us. For more information about Kendall Auto Group, visit www.kendallautogroup.com.

A Business Connection You Can Count On #9

2014

A Business Connection You Can Count On Fast, Reliable Business Internet •

Dedicated Internet speeds from 5 Mbs to 10 Gbs

Redundant fiber-optic network and 24x7 live-answer suppor center designed to keep your business up and running

Custom business solutions from a trusted Idaho-based

Fast, Reliable Business Internet networking company Syringa Networks is proud to continue to serve our partners who are also part of the Idaho Private 75.

Dedicated Internet speeds from 5 Mbs to 10 Gbs

Redundant fiber-optic network and 24x7 live-answer support To find out more — call Larry Price at (208) 297-5225 center designed to keep your business up and running

Custom business solutions from a trusted Idaho-based

J.R. Simplot Company, networking company Jacksons Food Stores, Melaleuca, Inc., To find out more — call Larry Price at (208) 297-5225. Norco Inc., Potandon Produce LLC, Power Engineers Incorporated, Syringa networkS iS proud to be a part of the idaho private 75 Premier Technology, WinCo Foods, LLC

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Syringa networkS iS proud to be aOUR part the idaho 75 SYRINGA NETWORKS IS HONORED TO CELEBRATE 4TH of YEAR IN THE IDAHOprivate PRIVATE 75.


IdahoStatesman.com • Idaho Statesman

sunDAY, november 2, 2014 • idaho private 75 23

YOU MEAN A GREAT DEAL TO US.

Congratulations to the following Idaho Private 75 companies for their achievements:

Our mission is to always deliver an unrivaled customer experience. We take great pride in doing what’s right by our customers and the community. That’s why we’ve been so successful at building relationships for the long haul.

ECCo safety group Highest Revenue Growth Highest percentage revenue growth – year over year – in the top 75

The Russell Corporation moving on up Company that moved up the most spots from the previous year’s ranking in the top 75

albertsons new to the club Top ranking newcomer – first time inclusion in the top 75

L E T ’ S S TA RT S O M E T H I N G G R E AT.

kendallgivesback.com

Idaho Private 75 is available online at:

IdahoStatesman.com/IdahoPrivate75


24 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

Stein Distributing Company returns to the Top 75 Growing beer industry, population and availability hold a bright future By Dusty Parnell

Photo by Dusty Parnell

Stein Distributing Company’s surge in growth in recent years also meant bigger and better warehouse space and offices were in order. Re-entering the Top 75 list this year at No. 68, this 58-year-old company is located on North Phillippi Street in Boise.



Started in 1956 by Keith D. Stein, the “Original” Stein Distributing Company has seen solid growth in recent years and returns to the IP75 list this year at No. 68. Primarily a beer distributor, the company serves more than 30,000 square miles in 10.5 counties, including recent expansion into Oregon, covering the Ontario area. More than 700,000 people live in the company’s distribution area, and sales are expected to continue to exceed $40 million. “The growth of new breweries and new products over the past five years has contributed to the growth of the beer industry,” said President and General Manager John A. Grizzaffi. “There are new breweries opening up every day — mostly small craft breweries with several more styles of beer.” The number of barrels of beer produced in Idaho has more than doubled since 2011, and new breweries seem to be popping up every month. Some of those breweries have seen enough growth to explore regional distribution. While distributing some local brews, like 10 Barrel Brewing Company and Woodland Empire, Stein Distributing has been delivering AnheuserBusch products around the area since 1964. Grizzaffi said some of the company’s recent accomplishments have been grounded on securing distribution rights with new suppliers, in addition to maintaining a steady sales growth of the current suppliers.

Some of the other beer lines Stein distributes include those from the Odell Brewing Company, Widmer Brothers, Redhook Ale, Kona Brewing Company, Firestone Walker Brewing Company, Uinta Brewing Company and Epic Brewing Company. “Our goal is to continue our growth within the beer categories and review other beverage product that may be a good fit to our portfolio,” Grizzaffi said. Popular non-alcoholic drinks distributed by Stein include Arizona Iced Tea and 5-Hour Energy. “We pride ourselves on our suppliers, products we offer, our retailers, customers and, most importantly, our employees,” Grizzaffi said. “We have over 100 employees, and we provide good, fair wages and excellent benefits to all our employees.” Stein Distributing Company is also actively involved in community activities that include fundraising events and local nonprofit organizations. We can expect to see more growth from Stein as the popularity and variety of classic and craft beers continues to boom in Idaho. Many of Idaho’s burgeoning breweries have their eyes on a wider distribution area. The state already ranks in the Top 10 of breweries per capita, and those who like to see more local products will discover an ever-growing agricultural trend toward more Idaho-grown hops. The future of the beer industry in Idaho looks bright, and thus, so does the future of Stein Distributing Company. Cheers.

petra inc

•• ••

PETRA, Inc. is proud to be part of the Idaho Private 75. PETRA was founded in 1994 by Jerry Frank with a pointed mission for quality construction and honest business practices. PETRA is celebrating 20 years as a recognized leader in general contracting, construction management and design/build. Located in Meridian, Idaho with a second office in Snoqualmie, Washington and a third in Williston, North Dakota PETRA specializes in business and industrial parks, educational facilities, hospitality, medical, office, retail, and worship projects. PETRA has the skills and knowledge to provide you with accurate estimates, value engineering, and cost

control throughout the planning, design, and construction process. Our 20 years of construction knowledge brings experience and excellence to each project. PETRA is dedicated to building a rock solid team offering each client unwavering customer service and construction excellence. PETRA has founded a company adage that knowledge and experience build trust; trust builds partnerships; partnerships build buildings; and buildings create communities.

#65

2014


sunDAY, november 2, 2014 • idaho private 75 25

IdahoStatesman.com • Idaho Statesman

sponsors continued from P.4 “From that first day of publication on July 26, 1864, the Statesman has delivered important news, investigated government corruption and abuse and entertained readers with stories, photos, opinions and now video.” That includes, of course, a close look at the struggles and successes of our local businesses, such as this publication. “Each year, the competition gets tougher and tougher,” Jung said. “For Idaho businesses to be recognized in the Idaho Private 75 is an extraordinary achievement. For new additions to the list, I say congratulations, and you’ve earned it. For returning companies, congratulations on another year of excellence. “What stands out to me is the diversity of companies from traditional to tech,” he said. “You have the No. 1 company — Albertsons — coming home to its local roots, and you also have new technology businesses such as Clearwater Analytics and CradlePoint, to name a few. Idaho is rich in its diversity of thriving businesses, and this year is no different.” “Privately held extraction companies have tradi-

“These are the fastest growing and most innovative companies in Idaho, which means jobs and economic growth.” — John Hale, KPMG

tionally been the backbone of the Idaho economy — whether it be farms, loggers, or miners,” said John Hale of KPMG, another of the four sponsors of the IP75. “In more recent times, that group has been joined by large retailers such as Albertsons, tech companies like Keynetics, and healthcare delivery systems like Saint Alphonsus or St. Lukes. These are the fastest growing and most innovative companies in Idaho, which means jobs and economic growth.” For those who wonder about how the list is put together, it is KPMG that crunches those numbers. “We reach out to privately held companies, headquartered in Idaho and request completion of a statistical-based data form,” Hale said. “Those who respond are ranked based on annual gross revenues.”

And if anyone knows number-crunching, it’s KPMG. It audits the majority of the large public and private companies in Idaho, as well as offering tax and advisory services. “Beyond our excellent list of audit clients, the Boise KPMG office also serves the banking industry in Idaho, the Pacific Northwest and the country as a whole,” Hale said. “Our continued success in the marketplace is a great indicator of the quality of service we provide to many of the state’s most recognized and respected names.” KPMG has received the Alfred P. Sloan When Work Works Award, in addition to Universum Top 100 Ideal Employer, CEO Diversity Leadership Award and the NAFE Top Companies for Executive Women. In addition to Boise, KPMG US has offices in 90 cities across the country, along with another 150 other countries around the world. The other sponsor of the Idaho Private 75 is KeyBank, a company whose Idaho roots go back to 1904. “Our foundation for success is as a relationship bank. Clients choose KeyBank because we understand their financial goals, and they value information and services that help them attain those goals,” said Kevin Donovan, the Private Bank Team Manager and Idaho Market President of KeyBank. “The entire Idaho KeyBank team has done a phenomenal job of helping clients throughout some tough times over the past few years, and that effort has paid off. The latest FDIC deposit report (September 2014) shows KeyBank is now the third largest bank in Idaho. We saw a 10 percent increase in deposits during the past year. We see this type of growth as a great indicator that our clients are successful and our communities are benefiting from a growing economy.” While the IP75 sponsors are clearly some of the top businesses in the state, Idaho itself continues to make Top 10 lists year after year, from Best State for Business and Best State for Entrepreneurs to Best Places to Live and Top 10 Happiest State. “The companies on the Private 75 list are success stories,” Donovan said. “They are hiring people, they are growing and they are contributing to the economic growth of Idaho. Our state’s success starts with entrepreneurs, and our job is to do everything we can to help them thrive. “The people behind the businesses on this list would be successful anywhere. We have some amazing talent — business-minded, smart people of great character. These are people you want to be around, and we’re fortunate they want to be in Idaho.” But why wouldn’t they want to be in Idaho? “If I found myself sitting on a plane next to some-

one who was considering moving their company to Idaho, I would tell them that people who move here love it and don’t want to leave!” Hansen said. “We have hardworking, educated and friendly people. We have a diverse economy, from agriculture to high tech. I’d tell them that the regulatory environment in Idaho is business friendly.” “Boise, in particular, is booming with business opportunity,” Donovan said. “Yet we’re still a small enough community that you’re only one person removed from anyone you need to know to help make your business venture a success. The Treasure Valley is very progressive when it comes to supporting businesses; entrepreneurs here have ample access to people that are interested in and invested in their success. “We also have a competitive cost of living and an abundance of both business and lifestyle options that make Idaho a great place for both businesses and families.” “It’s easy here,” Hale said. “Plugging in to a great company, buying a house, biking to work, skiing or kayaking after work, coaching the kid’s lacrosse team — it’s the stuff that people stuck in a car at 6:30 every night daydream about. We live it, and ask ourselves why you would do it any other way.”

Photo by Dusty Parnell

scentsy inc Ten years ago we were $700,000 in debt and doing everything we could to avoid bankruptcy. When we found Scentsy we knew we had to swing for the fence and give it everything we had. As we reflect on our first decade of business we realize that our success wouldn’t be possible if it weren’t for the amazing community we have in Idaho. The support we received during our early days helped us build Scentsy on a foundation of generosity, simplicity, and authenticity.  We’ve learned so much during our journey, and we couldn’t imagine a better place to celebrate than with the Idaho Community. Idaho is where we planted

our roots as a family, and we couldn’t picture a better place for Scentsy than in Meridian. – Heidi and Orville Thompson

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Idaho Statesman • IdahoStatesman.com

Bodybuilding.com muscles into the Top 10 World’s top online sports nutrition store boasts huge social network By Dusty Parnell Bodybuilding.com has done so well bulking up its numbers that it has made a surprise move into the Top 10 on this year’s IP75 list. Seven years ago, as online companies began to grow and flourish, the company sat at No. 44. For the next five years, Bodybuilding.com held strong as a Top 30 company. Last year, the company moved into the Top 20 at No. 17, and this year posted a new PR by climbing seven spots and moving ahead of such powerhouses as Scentsy and Regence BlueShield. “We attribute much of our success to a focus on customer service,” said Allie Kim, Public Relations and Media Manager for Bodybuilding.com. “The knowledgeable team is available 24/7/365 to help with fitness, nutrition and supplementation needs. Our improved growth can also be attributed to the incredible talent that works in our many distribution centers and corporate offices.” Bodybuilding.com’s most recent honor was the Bizrate Circle of Excellence Platinum Award, given to retailers who go above and beyond the norm to provide service to their online customers. Only 140 online retailers — representing the top 2.9 percent —

received the Circle of Excellence Award. Of those, only 80 retailers received the Platinum Award, the highest level of distinction given to those companies that earn a score of at least 9 out of 10 in all seven key satisfaction indicators. “While our business model has stayed the same — with our primary focus on the customer — the way we approach technology, e-commerce and social media is constantly evolving,” Kim said. “People, now more than ever, want to have everything at their fingertips, and we are working hard to give that to them. The free BodySpace fitness app is one of the world’s largest fitness resources.” The company strives to stay on top of new technology development and stay ahead of the game with innovative ideas to help people reach their health and fitness goals. Bodybuilding.com has a social presence on Facebook, Twitter, YouTube, Instagram, Pinterest and Google+, and many of those avenues have seen more than three-figure growth in activity. “Being an online company, our customer interaction is key,” Kim said. “When a customer is unable to attend an event, like the Mr. Olympia or the Arnold Classic, we try our hardest to bring the event to them.

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We do this by having up-to-date Facebook posts, play-by-play Tweets, as well as Instagram pictures and a great live-show streaming experience.” Bodybuilding.com’s CEO and Founder Ryan DeLuca grew up in the Gem State, and he could think of no other place he would rather have the corporate headquarters of his dream. The Boise area was, and still is, on a big growth curve for popularity, along with a steady attitude towards a healthy lifestyle. Starting in his garage in 1999, DeLuca melded his love of bodybuilding and computers into an online business, creating the retail, information and social networking site that it is today — one of the fastest growing online companies in America. “When Bodybuilding.com first started, consumers were more interested in visiting a brick and mortar store rather than shopping online,” Kim said. But as the consumer became more shopping savvy and was searching for ways to stretch their dollars, the Bodybuilding.com business model was ready for the change in thinking. “In a way, we didn’t have to adapt to today’s economic challenges. Our business model was prepared for where the customer was going to be, regardless of economic factors,” Kim said. “We really had to wait for our customers to adapt to us. We supplied the information, motivation and price competitive supplementation from Day One. “Now, our challenge is keeping up with that demand,” she said. “We are doing this by creating new interactive platforms, more in-depth articles by well-known industry experts and adding new fitness trainers and workouts to fit everyone’s needs. Every business has customers, but the real key is to identify what kind of relationship you want with them, and then do everything you can to make that happen. While a lot of businesses focus on the customer transaction, we focus on our relationship with them. Our mission is not complete until the customer says ‘WOW.’” There is plenty of ‘Wow’ to go around. Bodybuilding.com carries more than 13,500 products and ships to 155 countries. With 29 million visitors to its website every month, it is the World’s No. 1

“Every business has customers, but the real key is to identify what kind of relationship you want with them, and then do everything you can to make that happen.” — Allie Kim, PR and Media Manager, Bodybuilding.com Online Sports Nutrition Store and is the World’s No. 1 Online Health & Fitness Publication with more than 25,000 free articles and 10,000 free videos. Ranked in the Top 300 for all U.S. websites it boasts the world’s largest fitness social network through the BodySpace app with more than 3.4 million members. For nine straight years, it has been ranked by Time Inc. in its 100 & 500/5000 Companies in the retail industry. It is currently ranked at No. 9. It should also come as no surprise that Bodybuilding.com regularly ranks high on Best Places to Work in Idaho. With more than 530 local employees, this company creates an atmosphere that encourages personal health as well as good times. Friday afternoons, you’ll find coworkers at the corporate offices out back for grilled turkey burgers, Frisbee, hoops and volleyball. They take that sense of community another step by creating the Bodybuilding.com Fitness Expo to give something back to Boise. It is the largest health and fitness expo in the Northwest. The expo has been going on for 13 years with plans to hold onto that title of biggest and best. Whether they are taking on the world, giving back to Boise or creating its own community of employees, one thing is for certain — you won’t find Bodybuilding.com sitting on its behind.

intermountain industries, inc./petroglyph energy, inc. Intermountain Industries, Inc. (“Industries”) is a Glynn, President, Intermountain Industries Inc.; Paul closely-held, holding company, incorporated in 1977 Powell, President, Petroglyph Energy Inc.; and Mike as a result of a reorganization of Intermountain Gas Rich, EVP & CFO. Company. In 1984, in response to an unsolicited tender offer, a group of investors made a successful competing offer and took the Company private. It sold Intermountain Gas Company in 2008. Industries principal operating company, Petroglyph Energy, Inc., is engaged in the production of Rocky Mountain oil and natural gas reserves. Another subsidiary, InterWest Capital, Inc. serves as a investment arm for non energy related businesses. The company’s senior officers 2014 are: Richard Hokin, Chairman of the Board; Wm. “Bill”

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IdahoStatesman.com • Idaho Statesman

Photo by Dusty Parnell

It seems only appropriate that Bodybuilding. com has one of the best company gyms around with dozens of state-of-the-art workout machines. The company encourages its employees to use the gym, and it supports numerous recognition programs for reaching their personal bodybuilding goals.

“To move mountains, you first have to move muscle. Change your body, change your life,” Kim said. “These motivating words are painted on the wall next to the entrance of our in-house company gym. These words are a daily reminder of how important it is to live every day to the fullest. “We are a company that believes in practicing what we preach,” she said. “This is also evident by the rows and rows of pictures of employee transformations next to our inspiring mantra. Every January, our team members commit to changing their lives and becoming their best self. No matter what time of day it is, you are sure to find someone in the gym, working out, moving mountains and becoming the best possible version of themselves they can be.”

Bodybuilding.com carries more than 13,500 products and ships to 155 countries. With 29 million visitors to its website every month, it is the World’s No. 1 Online Sports Nutrition Store and features more than 25,000 free articles and 10,000 free videos.

J-U-B ENGINEERS Inc For 60 years, J‑U‑B has performed civil engineering and related professional services throughout Idaho. From humble beginnings with one office in Nampa to a network of 15 offices throughout the Western U.S., J‑U‑B offers a depth and breadth of technical expertise. Our seven Idaho offices are strategically located, which allows us to provide the knowledge, sensibilities, and responsiveness of a small, local firm. J‑U‑B’s core engineering competencies include municipal/utilities, transportation/traffic, land development, structural, airport, and construction services. We also have experience in planning, environmental, funding, survey/GPS, and landscape architecture. To

enhance our capabilities further, we offer geographic information systems and public involvement expertise through two sister companies – Gateway Mapping, Inc. and The Langdon Group, respectively. Our company’s success is based on clear‑cut values that emphasize client relationships, engaged employees, and sustainable practices. We bring these values to life by becoming our clients’ trusted advisor and delivering high quality projects.

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Idaho Statesman • IdahoStatesman.com

Independent Food Corp.’s natural growth leads them back to Top 75 Falls Brand and Salmon Creek Farms — the flavor of success By Dusty Parnell

Photo by Dusty Parnell

Bacon is a hot commodity these days, and it doesn’t get much better than Falls Brand — a company that has been part of Idaho for 100 years.

While “Independent Food Corporation” may not sound familiar to consumers, there is little doubt as to the name “Falls Brand” on that package of bacon sitting in your refrigerator. Falls Brand/Independent Food Corp. is a 4-generation, 100-year-old Idaho-based, meat-processing company whose ham, sausage and bacon are familiar to retail and food service customers throughout the Western U.S. and the Pacific Rim. The company’s other brand — Salmon Creek Farms — features fresh pork cuts and was initiated in 1996 with its first pilot farm, said CEO Patrick Florence. “The concept was simple,” Florence said. “We believed we could significantly impact final meat quality by having 100 percent control of all inputs on the farm. We began with selection of genetics, and through the following eight years, we added nutrition, health protocols and management systems.” During those eight growing years, the company added Partner Farmers and developed auditing standards that included independent third party and USDA Process Verified parameters. “We went ‘live’ in April 2004 with 100 percent of our hogs coming from our own production systems,” Florence said. “We require 100 percent adoption of the standards, with such elements as genetics, no use of antibiotic feeds, wheat and barley diets vs. corn, 100 percent vegetarian feed, Pork Quality Assurance Plus standards and management systems.” Independent Food Corp. also formed Salmon Creek Farms Marketing Association — a separate notfor-profit corporation — to monitor, measure and verify the compliancy of the program. The result has been exceptional meat quality, eye appeal, shelf life and consistency. Florence said they also did a complete review of all the process systems in the packing plant. Processes were adopted — or invented — to reach the meat quality and product safety desired for major domestic customers, as well as potential export markets. Once those marks were met, they grew the partnership concept beyond production and manufacturing to its customer base so its retail and food service participants could promise an exceptional and consistent product. “We have extended these principles to our Falls

“The real secret to our success in our secret ingredient — meat. We actually put meat in our products.” — Patrick Florence, CEO of Independent Food Corp.

Brand packaged meats as well,” Florence said. “Though the real secret to our success is our secret ingredient — meat. We actually put meat in our products.” The other elements of the company’s success are less secret. Bacon consumption was up 6 percent over the past year. Even alternative bacons are on the rise. More Americans are eating breakfast away from home, and more restaurants are offering new menu items in general with bacon added. The demand has also pushed up prices. More than 20 percent of the population now eats two pounds of bacon every month. There is also a growing demand for more natural foods, and pork certainly qualifies for that growing trend. The increased population, along with a steady growth history, means the company will be adding a third process facility this winter as it continues to position itself as a preferred regional supplier. The expected growth is a 10 percent per annum sales increase. The company’s return to the IP75 at No. 66 is no flash in the pan. Independent Food Corp. also satisfies another demand. It is dedicated to regional and local services. The company is based out of Twin Falls, and they like it that way. “We choose to work where we wish to live,” Florence said. “We understand that we sacrifice market access, incur travel inconvenience and that we are far away and outta sight of conventional capital markets. But lifestyle, clean air and a reservoir of likeminded employees makes it work.”


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IdahoStatesman.com • Idaho Statesman

Local news delivered YOUR way! The Idaho Statesman has been Idaho’s source for local news for 150 years. Today you can read us in more ways than ever before — in print, online, on your phone or tablet and on social media.

DON’T MISS THESE IDAHO STATESMAN PUBLICATIONS ! Business

JUNE 18, 2014

CONSTRUCTION Business SPECIAL

AUGUST 2014 0823-treasure-01 cover_Treasure 8/18/14 1:58 PM Page 1

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ISSUE

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An IdahoStatesman magazine

A BUILDING CONCERN • Treasure Valley home sales soared last year. Now they’re flat. Is a downturn next? PAGE 24 • Apartment vacancies are few, rents are up. For builders, that’s as good as opportunity gets. PAGE 27

SIMPLOT’S GMO POTATOES: Only the government can stop them now. Will it? PAGE 33 TECHNOLOGY: CradlePoint CEO George Mulhern on the cloud’s big benefits for business. PAGE 41

THE BANKING ISSUE

ALL IN THE BANK FAMILY Idaho’s D.L. Evans Bank, family owned since 1904, wants to expand statewide. PAGE 24

HONEY,ISHRUNKTHECOMPETITION: Why you have fewer Treasure Valley banks to choose from. PAGE27 COLUMNS: Six of our local experts offer advice and comment on banking and you. PAGES21 AND 29-33

LivingHealthy Monthly business publication featuring in-depth articles providing insight on people, businesses and trends.

Quarterly magazine dedicated to the unique Southwestern Idaho lifestyle.

Your local source for expert advice on health, fitness and nutrition — publishes six times a year.

Visit IdahoStatesman.com or call 208-377-6370 to subscribe


30 idaho private 75 • sunday, november 2, 2014

Idaho Statesman • IdahoStatesman.com

Congratulations to the top privately owned companies in idaho.

Business

JUNE 18, 2014

SPECIAL

CONSTRUCTION

Business

ISSUE

An IdahoStatesman magazine

AUGUST 2014

An IdahoStatesman magazine

A BUILDING CONCERN Isadownturn next? PAGE 24 •TreasureValleyhome sales soared last year. Nowthey’reflat.sasgood asopportunity gets. PAGE 27 •Apartment vacanciesarefew,rents areup.Forbuilders,that’

can stop them now. Will it? PAGE 33 SIMPLOT’S GMO POTATOES: Only the government the cloud’s big benefits for business. PAGE 41

TECHNOLOGY: CradlePoint CEO George Mulhern on

THE BANKING ISSUE

ALL IN THE BANK FAMILY Idaho’s D.L.EvansBank, family ownedsince1904, wants toexpandstatewide. PAGE 24

HONEY,ISHRUNKTHECOMPETITION: WhyyouhavefewerTreasureValleybankstochoosefrom. PAGE27 COLUMNS: Sixofourlocalexpertsofferadviceand comment on banking and you. PAGES21 AND 29-33

Don’t miss the opportunity to reach Business Insider readers. To learn more about print and digital advertising opportunities, contact Vince Gewalt at 208-377-6328 or vgewalt@idahostatesman.com

1220 N. Olive Ave. Meridian, ID

208.888.2799

www.SimmonsFineJewelry.com 1331956-01

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UH11025.Private 75 Ad0914.indd 1

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IdahoStatesman.com • Idaho Statesman

united heritage financial group Sublimity Insurance Company, founded 1896, offers auto, home, farm and other personal lines insurance in Idaho, Oregon, and Utah. Merced Property & Casualty Company, founded 1906, specializes in auto, homeowner and dwelling fire insurance serving the Central Valley of California. Today, these companies formed prior to and during the Great Depression have weathered economic turbulence well to meet the challenges of planning for a new financial future.

United Heritage Insurance: Planning a Financial Future (Meridian, ID) October 3, 2014 – Over the past 100 years, United Heritage Insurance has helped families and businesses plan for their financial future. Today with offices in Idaho, Oregon and California, the companies of United Heritage Financial Group serve residents across the nation. United Heritage Life Insurance Company, founded in 1934, provides a portfolio of individual and group life insurance and annuities and group disability insurance in 38 states and the District of Columbia. Founded in Canyon County in 1908, United Heritage Property & Casualty insures autos, homes, farms and businesses in Arizona, Idaho, Oregon, and Utah.

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THE russell corporation The Russell Corporation is a Construction Management / General Construction company established in 1976. Based in Boise, our project experience extends through seven diverse western states. Experience and education best describe the employees of The Russell Corporation. Members of our team hold construction, engineering, architecture and business degrees. This education combined with years of experience gives The Russell Corporation the ability and confidence to undertake a variety of projects from tilt-up concrete, structural steel, and masonry to engineered wood and heavy timber structures.

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Our goal is to work as a team with the project CMY Owner, Architect and Engineers to provide cost efK fective, high quality projects. A good working team assures a successful project completed on time and within budget.

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2014

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keybank

Safeguard your company and employees against fraud By John Williamson, Senior Vice President, Commercial Banking Manger, KeyBank Idaho Just months removed from a major attack on the point-of-sale system at one of our country’s most respected retail chains, the American public is more keenly aware of what security experts have known for a long time—fraud is a persistent threat, and the business case for strong protective measures and internal controls is greater than ever. Winning the fight against fraud Based on the 2012 Association for Financial Professionals Payments Fraud and Control Survey, 61 percent of organizations experienced attempted or actual payment fraud in 2012, and 85 percent of companies reported that the number of fraud incidents increased or stayed the same compared to the previous year. The study also contained some good news. Nearly three-quarters of organizations subjected to at least one payment fraud attempt in 2012 did not suffer actual losses from the attempt — and that’s largely due to the effectiveness of fraud detection and controls at these companies. While no amount of planning and oversight will ever completely eliminate fraud, there are a number of proven measures you can take to protect your business. Safeguard your bank accounts Though check fraud remains the dominant form of payment fraud, electronic fraud is on the rise. Fortunately, banking services designed to protect businesses

are evolving as well. Your bank can help identify, design and implement strategies to address your company’s needs in many key areas. Steps you can take to protect your deposit accounts include reconciling your account activity daily, using a wire funding account, opening a separate payroll account and implementing Positive Pay and Electronic Payment Authorization on your accounts. Protect yourself As fraud schemes have become more technologically sophisticated, it’s become essential that you and your staff adhere to safe online and mobile behavior. Best practices to help protect your computer, mobile devices and associated banking accounts from inappropriate use include: • Monitoring your accounts closely and frequently • Being proactive in working with your IT/security professionals. • Following your bank’s safe login procedures and only entering your financial or account information on secure sites. • Being suspicious of any unsolicited messages or attachments and very selective about giving out your contact and personal information. • Never sending funds to unknown individuals or responding to urgent crisis messages from known senders without first verifying the request. • Locking computers and mobile devices whenever left for even short periods of time and using dedicated computers for bank business. •Developing a forum in your company to routinely discuss security best practices.

Optimize your company processes Your company’s internal controls are another essential line of defense against fraud. It’s critical to review your internal controls periodically, looking for areas for improvement, identifying weaknesses and adapting to changes in structure, operations or the market that may call for new controls. An effective evaluation will break down the analysis into specific accounting areas: cash disbursements, cash receipts, general journal entries, month-end procedures and payroll. Your company’s accounting firm is an essential resource in determining that your internal controls are functioning optimally. In the end, effective fraud prevention requires the right blend of process and technology. Make protection a priority Following best practices and installing internal controls may be the primary factors in effectively fighting fraud, but equally important is your organization’s attitude toward fraud and creating a culture in which protecting the personal information of your employees, vendors and clients is a priority. Why? In a word: trust. The value of trust in business may be difficult to quantify, but its worth is immeasurable because today, more than ever, people hold organizations to higher standards. They expect that your businesses will do what it promises and what is right. If you don’t, or if you act in a way that betrays that trust, clients will move on. And they will share why they are moving on—your specific failure—with others. This is why protection needs to be a priority. If it is a priority, it will receive the ongoing attention it needs to be successful. For example, security improvements

are generally not achieved by enhancing a single process. Instead, improved security comes from implementing strategies that are defined by a comprehensive review of risks and vulnerabilities—current and future—and the ability of current systems and controls to effectively manage them. It is also important to remember that fraud prevention isn’t the sole responsibility of technology and information systems departments. At every level of the organization, from the mailroom to the boardroom, a culture of accountability must exist in which people know, understand and believe in the protocols that are instituted to not only safeguard themselves against fraud, but also their colleagues, clients and company. About the author: John Williamson is Senior Vice President, Commercial Banking Manger for KeyBank Idaho. He can be reached at John_P_Williamson@ keybank.com or 208-364-8773. ©2014 KeyCorp. KeyBank is Member FDIC.

SPONSOR

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Idaho Statesman • IdahoStatesman.com

working together Sharing a common goal. We enjoy living and working in our community for the same reasons you do – the celebrated traditions, the recreational opportunities, and the company of others who share our dreams. We’re proud to support Idaho Private 75 and many other programs that help to bring people together for the common good.

©2014 KeyCorp. KeyBank is Member FDIC. Key.com is a federally registered service mark of KeyCorp. CS10898-41912

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go to key.com/community visit your local branch

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1102 Idaho Private 75 32p