Walker & Dunlop Acquires TapCap

The Colt Group Acquires Watertap, Inc.

January 15, 2026

Industrial Services

The Colt Group, a Houston-based industrial leak repair and mechanical solutions provider backed by Capstreet, has acquired Watertap, Inc., a Wixom, Michigan-based provider of critical line intervention services. The add-on expands Colt's line intervention platform and regional coverage across the Great Lakes, while retaining Watertap's team; terms were not disclosed.

Walker & Dunlop Acquires GeoPhy for $85 Million in Cash

February 7, 2022

IT Services

Walker & Dunlop entered into a definitive agreement to acquire GeoPhy, a commercial real estate technology company, for $85 million in cash at closing plus up to $205 million in cash earn-out potential. The acquisition is intended to accelerate Walker & Dunlop’s technology capabilities across its lending, brokerage, and emerging businesses including Apprise (tech-enabled appraisal) and its small balance lending (SBL) platform.

TAP Software Holdings (Terminus Capital Partners) Acquires Delta Data from Accel-KKR

December 23, 2021

Software

TAP Software Holdings, an enterprise software investment vehicle managed by Terminus Capital Partners (with participation from Petrus Asset Management Company), has acquired Delta Data, a pooled investment fund administration software provider, from Accel-KKR. Delta Data — founded in 1985 and serving major banks, retirement recordkeepers, and investment managers — will continue to be led by CEO Whitfield Athey as the buyer invests in product and infrastructure to drive growth.

Walker & Dunlop Acquires Alliant Capital and Affiliates

August 30, 2021

Real Estate

Walker & Dunlop, Inc. entered into a definitive agreement to acquire Alliant Capital, Ltd. and its affiliates (Alliant Strategic Investments and ADC Communities), bringing approximately $14 billion of affordable housing assets under management to Walker & Dunlop's platform for a total enterprise value of $696 million. The deal (expected to close in Q4 2021) expands Walker & Dunlop's affordable housing capabilities by adding tax credit syndication, development and preservation expertise and is expected to be immediately accretive to revenue and adjusted EBITDA.

Walker & Dunlop Acquires AKS Capital Partners

January 30, 2020

Financial Services

Walker & Dunlop, Inc. acquired AKS Capital Partners, a New York City–based capital markets advisory firm, to bolster its capital markets advisory and debt brokerage capabilities. The AKS team — a roughly 15-person group of senior capital markets advisors — will join Walker & Dunlop as senior managing directors and co-heads of the firm's New York Capital Markets practice.

Formstack Acquires QuickTapSurvey

December 12, 2018

Cloud & SaaS

Formstack, a Indianapolis-based data capture and workflow automation SaaS provider, acquired Toronto-based QuickTapSurvey to expand its mobile and offline survey capabilities and grow its international footprint. QuickTapSurvey will remain a standalone mobile surveys product while integrating with Formstack's platform features including workflow automation, HIPAA compliance, and numerous native integrations.