Acquisitions in Colorado, United States

Mission Wealth Management, LP announced/completed a strategic merger with RightPath Investments & Financial Planning, Inc., an independent fiduciary wealth advisory firm based in Colorado. RightPath founder Steven R. Smith will join Mission Wealth as a Special Advisor, and Megan Nuttelman will join as a Wealth Advisor, as Mission Wealth expands its Colorado presence and broader national growth strategy.

Herzig Engineering, a national electrical safety and compliance services firm backed by Copley Equity Partners, acquired Martin Technical, Inc., a provider of lockout/tagout, arc flash, and electrical reliability and safety services. The combination expands Herzig’s national coverage and adds capabilities in arc flash, infrared inspections, and lockout/tagout services. Financial terms were not disclosed.

Infleqtion completed its previously announced business combination with special purpose acquisition company Churchill Capital Corp X, becoming a publicly listed company. Following the closing, Churchill Capital Corp X delisted from Nasdaq and the combined company’s shares and warrants are expected to begin trading on the New York Stock Exchange under the tickers “INFQ” and “INFQ WS” starting February 17, 2026. The transaction delivered more than $550 million of gross proceeds to Infleqtion, including trust cash and a PIPE financing.

Legrand, a global specialist in electrical and digital building infrastructure, announced the acquisition of Kratos Industries to expand its critical power portfolio for AI-ready data center infrastructure. Kratos, headquartered in Arvada, Colorado, manufactures low- and medium-voltage power equipment and integrated power systems used in data center and industrial applications.

SGS acquired Murray-Brown Laboratories, a food testing laboratory based in Denver, Colorado, to expand its food safety and nutraceutical testing capabilities in North America. The deal adds advanced microbial and analytical chemistry capabilities (including pesticide and mycotoxin detection) and strengthens SGS’s geographic footprint for microbiological testing services across the United States.

Savvy Advisors Inc., affiliated with Savvy Wealth, Inc., announced the addition of Colorado Wealth Group (CWG), a Denver-based wealth management firm with about $300 million in client assets under management. The onboarding expands Savvy’s RIA platform and contributed to the firm surpassing 4.5x year-over-year growth and more than doubling AUM over the past six months. CWG’s team will retain ownership of its book of business while leveraging Savvy’s infrastructure, technology and operational support.

Expedition:Earth, a Texas-based multi-brand operator in high-end experiential travel, announced a strategic investment in EXPLORE, Inc., a luxury tour operator focused on private, custom-designed travel throughout Africa and select global destinations. The transaction is Expedition:Earth’s initial platform partnership and the cornerstone of its buy-and-build strategy in the tour operator sector. Providence Investment Partners provided debt and equity financing to support Expedition:Earth’s acquisition of EXPLORE.

Exclusive Investments, LLC, affiliated with The Exclusive Collective, completed the all-cash acquisition of Inspirato Incorporated, taking the luxury travel subscription company private. Exclusive Investments acquired all outstanding Inspirato Class A common shares for $4.27 per share, valuing Inspirato at approximately $59 million (fully diluted), and Inspirato’s stock will no longer trade on Nasdaq.

Cook Inlet Region, Inc. (CIRI) announced the purchase of I2X Technologies, a provider of IT software and systems engineering, integration and testing, and data management solutions to government and private-sector customers. Following the acquisition, I2X will operate under OSC Global, CIRI’s wholly owned IT/cybersecurity/software and professional services group.

DXP Enterprises, Inc. has completed the acquisition of Ambiente H2O Inc., a full-service manufacturer representative specializing in pumps, process equipment, instrumentation, and related service/repair for the water and wastewater industry. Ambiente, founded in 2006 and headquartered in Sheridan, Colorado, expands DXP’s DXP Water platform and regional presence across Colorado, Idaho, Montana, Utah, and Wyoming. DXP funded the transaction with cash on hand; the definitive agreement was signed February 1, 2026, and Ambiente generated approximately $8.1 million in LTM sales ended December 31, 2025.

SM Energy Company closed an all-stock merger with Civitas Resources, Inc. following stockholder approvals on January 27, 2026. The combined company will retain the SM Energy Company name and continue trading on the New York Stock Exchange under the ticker “SM,” with Beth McDonald appointed President and CEO and Julio Quintana remaining Non-Executive Chairman.

BKV Corporation completed the acquisition of one-half of Banpu Power US Corporation’s interest in BKV-BPP Power, LLC for approximately $115.1 million in cash plus 5,315,390 shares of newly issued BKV common stock. The deal increases BKV’s ownership in the BKV-BPP Power joint venture to 75% from 50%, giving BKV majority ownership and control of the Temple I and Temple II natural gas-fired power plants in Temple, Texas.

HKW announced that its portfolio company Electric Equipment Engineering (EEE) has completed a strategic merger with Endpoint Industrial Controls. Endpoint is a Loveland, Colorado-based designer and manufacturer of low-voltage electrical products, and the combination is intended to expand product offerings and enhance service across the electrical power products market.

ABC Fine Wine & Spirits, a Florida-based family-owned alcohol beverage retailer, has acquired Applejack Wine & Spirits, a leading Colorado-based retailer. The deal marks ABC’s first expansion outside Florida in its 90-year history, and Applejack’s three Colorado locations will operate as “Applejack by ABC.”

Graham Corporation acquired 100% of the equity of FlackTek Manufacturing and FlackTek Sales for $35 million (85% cash, 15% stock), with up to $25 million in performance-based earnouts. The acquisition expands Graham’s engineered products into advanced mixing and materials processing, with FlackTek operating as a wholly owned subsidiary headquartered in Louisville, Colorado.

Transom Capital Group, a Los Angeles-based private equity firm, completed its acquisition of WellBiz Brands, Inc., a Denver-headquartered beauty and wellness franchisor with a portfolio including Drybar, Elements Massage, Amazing Lash Studio, Fitness Together, and Radiant Waxing. WellBiz, which operates a franchisor platform with more than 700 locations across multiple regions, was previously a portfolio company of KSL Capital Partners; Transom plans to invest in growth, profitability improvements, and enhanced franchisee support.

Oakline Properties acquired Four Star Realty, a Colorado-based third-party multifamily property management firm with a significant student housing management presence. The deal expands Oakline’s footprint in Colorado and the broader Mountain West region, while Four Star will continue operating under its existing brand and leadership.

Alliant Power acquired Capital Reman Exchange to add Class 8 diesel engine and component remanufacturing capabilities and expand its end-to-end heavy-duty aftermarket offering across North America. Capital Reman Exchange, headquartered in Denver, Colorado, is known for remanufacturing heavy-duty diesel engines and components and operating a full-service machine shop. Financial terms were not disclosed.

Accel-KKR acquired Nutrislice on January 15, 2026 for an undisclosed amount. Nutrislice, founded in 2011 and headquartered in Broomfield, Colorado, provides digital ordering, menu, and digital signage solutions for restaurants and food service operators.

Sign In Solutions acquired The Receptionist, a Denver-based visitor management software provider with more than 5,500 customers across 35 countries, to expand and unify its visitor management platform for SMB and enterprise organizations. Financial terms were not disclosed, and The Receptionist’s “Radical Support” service model will be integrated across Sign In Solutions’ product portfolio to enhance customer support and capabilities amid rising governance, risk, and compliance needs.

Huron Capital-backed Rampart Exterior Services acquired Colorado Moisture Control, Inc. (CMC), a Denver-based commercial roofing and waterproofing company. The deal marks Rampart’s third acquisition since forming the platform in 2024 and expands its presence in Colorado’s commercial roofing services market. CMC will continue to operate under the leadership of Brad Titus and its local management team.

ProductPlan acquired Winware.ai, an AI-native customer and market research platform, to add agentic and generative AI-powered decision intelligence into its product lifecycle management and roadmapping software. Following the acquisition, Winware.ai founder and CEO Steven Cohn was appointed CEO of ProductPlan, while Ben Jubenville shifted to a senior board and strategic advisory role. The combined offering is being positioned as an AI-driven “Product Intelligence Platform,” with broader customer access planned for April 2026.

The PNC Financial Services Group has completed its acquisition of FirstBank Holding Company and its banking subsidiary, FirstBank, following receipt of all required regulatory approvals. The deal expands PNC’s footprint in Colorado and Arizona, and PNC will begin integrating FirstBank into its national platform with customer conversions expected in summer 2026.

Affiliated investment funds of DigitalBridge Group and Crestview Partners completed a take-private acquisition of WideOpenWest, Inc. (WOW!), a U.S. fiber-broadband internet and connectivity provider. WOW! shareholders will receive $5.20 per share in cash, implying an enterprise value of approximately $1.5 billion, and WOW! shares have been delisted following closing. The buyers said the transaction will support expanded fiber deployments, network modernization, and growth initiatives focused on customer experience and operational improvements.

Inszone Insurance Services acquired Pikes Peak Insurance Agency, an independent insurance agency based in Falcon, Colorado. The deal strengthens Inszone’s presence in Colorado and adds a locally established agency with a strong focus on personal lines and growing commercial insurance capabilities. Founder Chris Wood will remain with the business and continue to be involved in day-to-day operations following the acquisition.

Inszone Insurance Services acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado, to expand its presence in Colorado. Sample Insurance Group’s team will remain in place and continue serving clients locally while leveraging Inszone’s broader resources, technology, and market access.

Yield Solutions Group (YSG) announced it now fully controls Trusted American Mortgage following the resignation of Trusted American Mortgage president Patrick Donlon. YSG said it will provide immediate oversight and invest significant capital to expand Trusted American Mortgage into a nationwide mortgage platform.

Real Estate Business Analytics (REBA) announced the acquisition of Markerr, a market data and analytics company providing transparent public rent datasets, market intelligence, and forecasting models for multifamily and single-family rental markets. The deal adds Markerr’s public rent data and predictive modeling to REBA’s operational analytics platform to enhance compliant, AI-driven market intelligence, forecasting, and decision-making for rental housing owners and operators.

PureStar, backed by Cornell Capital, acquired Breck's Commercial Laundries, a provider of laundry and dry-cleaning services for hotels and ski resorts across Colorado. The deal adds multiple facilities in Silverthorne, Eagle and Edwards, expanding PureStar’s capacity and presence in Colorado ski markets and the Denver area; transaction terms were not disclosed.

Promus Capital Management, LLC acquired Tersus Solutions, LLC, a provider of proprietary liquid CO₂-based, waterless cleaning, recommerce, and repair solutions serving recommerce, fire PPE, and down recycling end markets. Headquartered in Englewood, Colorado, Tersus will partner with Promus to accelerate growth through investments in additional equipment and capacity, expanded commercial efforts, and team growth.

EAS Tire & Auto, a Colorado automotive repair and service provider and a Straightaway brand, acquired 5th Gear Automotive. The deal expands EAS Tire & Auto’s footprint to its 22nd location in Colorado and adds a full-service vehicle repair and maintenance shop known for customer-first service.

Mersive Technologies’ management team ("Mersive Management") made an investment resulting in management owning a controlling interest in Mersive Technologies, a provider of wireless collaboration and meeting room AV distribution solutions. The company had been majority owned by OpenGate Capital since 2017, and will continue to operate independently with its leadership team and employees remaining in place.

Karsh Hagan, an independent advertising agency based in Denver, Colorado, merged with Madden Media, a destination-marketing-focused integrated media and PR agency based in Tucson, Arizona. The combination is intended to expand the firms’ footprint and create a unified platform offering integrated creative, media, and data-driven solutions while preserving each agency’s culture and identity.

Hormel Foods and Forward Consumer Partners completed a transaction creating a new strategic partnership in which Justin's will operate as a standalone company. Under the agreement, Forward Consumer Partners will own 51% of Justin's and Hormel Foods will retain a 49% stake.

Osaic expanded its wealth management advisor network with the addition of two independent advisory firms: True Wealth Advisors and Soundview Financial Group. True Wealth Advisors (headquartered in Englewood, Colorado) joined from LPL Financial, while Soundview Financial Group (based in Tacoma, Washington) joined from Commonwealth, as both firms seek to leverage Osaic’s platform, technology, and support capabilities.

Castle Creek Capital-managed funds acquired $40 million of common stock in FirstSun Capital Bancorp from legacy stockholders, making Castle Creek one of FirstSun’s largest institutional shareholders (about 4% as of December 4, 2025). The investment includes an agreement under which Castle Creek director Spencer T. Cohn is expected to join FirstSun’s board, subject to legal/regulatory requirements and timing tied to FirstSun’s proposed merger with First Foundation Inc.

Blackstone-backed Legence Corp acquired Innovative Mechanical & Design, LLC (IMD), a Northern Colorado-based mechanical installation and service provider. Eight Quarter Advisors served as sell-side transaction advisor to IMD; the deal is intended to support IMD’s growth and expand Legence’s service, maintenance, and fabrication capabilities in the region.

ONE Bow River National Defense Fund made a strategic investment in Odyssey Space Research, LLC, a provider of spaceflight software and engineering services. The investment is intended to support Odyssey’s continued growth, including expansion with existing government and commercial customers, entry into new mission areas, and further investment in proprietary tools and software.

Mamava, a market leader in lactation infrastructure, has acquired TalkBox, a Colorado-based designer of sound-resistant privacy booths for calls, meetings, telehealth, and wellness. The acquisition expands Mamava’s offering from lactation support into a broader suite of privacy and wellness spaces for workplaces and public environments. TalkBox founder Ross Shell will remain involved as an advisor following the transaction.

Princeton Medspa Partners (PMP), a medical aesthetics platform, announced the acquisition of Allura Skin, Laser & Wellness Clinic (Allura), a medical spa with two locations in Northern Denver, Colorado. Founded in 2008, Allura provides injectable treatments and wellness services and will continue operating in Fort Collins and Loveland under PMP’s platform as PMP expands its national portfolio.

Egis acquired RockSol Consulting Group, Inc., a Colorado-based transportation infrastructure firm, to expand its transportation engineering presence across the Mountain States and the Western United States. RockSol, founded in 1996 and headquartered in Thornton, Colorado, adds a 240+ person team providing engineering, planning, environmental compliance, design, construction management, inspection, and materials testing services.

Vance Street Capital acquired Injectech, a precision fluid management components manufacturer headquartered in Fort Collins, Colorado, from The West Group (TWG). The deal adds Injectech to Vance Street’s VSC Medical Molding platform (alongside Plastic Design Company and Resenex) to expand single-use fluid management solutions for medical device, life science, and bioprocessing markets.

MFG Partners, a New York-based private equity firm, announced an investment in Regency Electric, LLC, a commercial electrical contractor serving the Denver Metro and Front Range areas of Colorado. Regency’s leadership team, led by Dave Seifried Jr. and Ryan Seifried, will retain significant equity and continue managing day-to-day operations as the company pursues its next phase of growth.

ZenaTech, Inc. closed its acquisition of Rampart Surveys Inc., a land surveying firm based in Woodland Park, Colorado. The deal is ZenaTech’s 12th acquisition and expands its Drone as a Service footprint into Colorado, adding surveying capabilities and enabling broader commercial and agricultural drone service offerings in the state.

Inszone Insurance Services acquired Joel Rieth Insurance Agency, Inc., doing business as Complete Coverage Insurance Agency, expanding its presence in Colorado. Founded in 2017 by Joel Rieth, the agency will retain its team and continue serving clients with added back-office support, technology resources, and expanded carrier access through Inszone.

Cerealto made a majority (controlling) investment in Fresca Foods, a Colorado-based U.S. co-manufacturer of natural and organic snacks. Fresca Foods’ leadership team will remain shareholders and continue to manage day-to-day operations, while the partnership is intended to accelerate growth and expand Cerealto’s manufacturing footprint in the U.S. snacking market.

Tyree & D'Angelo Partners (TDP) completed a single-asset secondary transaction to extend its investment in Western Veterinary Partners, creating a TDP-managed continuation fund and raising new capital for Western's organic growth and acquisitions. HarbourVest Partners anchored the transaction as sole lead investor, with additional commitments from Ares Private Equity Secondaries funds, a syndicate of investors, and TDP’s existing limited and general partners.

Ascend, a platform for regional accounting and advisory firms backed by Alpine Investors, announced the addition of Colorado-based accounting firm BiggsKofford to its national platform. As part of the transaction, BiggsKofford adopted an alternative practice structure, with tax and advisory services provided by newly formed BiggsKofford Advisors, LLC affiliated with Ascend, while attest services remain with an independent CPA firm. Financial terms were not disclosed.

JumpCloud announced the acquisition of Breez, an Identity Threat Detection, Investigation, and Response (ITDR) platform, to expand its identity security capabilities and accelerate its security product roadmap. The deal brings Breez’s ITDR technology and identity security team into JumpCloud to deepen threat detection and response and enhance JumpCloud’s security data products; financial terms were not disclosed.

LaunchPad Home Group acquired Scott Home Services, a Colorado Front Range provider of residential and specialty inspection services, and Attik Field Service Solutions, a software platform focused on streamlining inspection reporting and the inspection-to-repair workflow. The acquisitions expand LaunchPad’s regional capacity in Colorado and enable a national rollout of Attik’s technology across LaunchPad’s portfolio, with Chris Scott joining LaunchPad as Vice President of Product Development.

Fathom Holdings Inc. acquired START Real Estate, a Colorado-headquartered residential real estate brokerage focused on serving first-time homebuyers, to expand and scale START’s first-time buyer program across the United States. START Real Estate has about 70 agents, recently expanded into Utah, and is expected to close roughly 400 transactions this year with a mortgage attach rate exceeding 70%. Fathom plans to integrate START’s model into its intelliAgent platform and expects many START agents to join Fathom’s Elevate plan to drive growth and recurring revenue opportunities.

SLR acquired US-based mining engineering and metallurgical testing specialists Forte Dynamics and Forte Analytical. Founded in 2017 and led by principals Barry Carlson, Brendan Fetter, and Clint Green, Forte operates primarily from Colorado and Utah and serves precious metals, base metals, and critical minerals clients across North America and internationally. The deal strengthens SLR’s mining capabilities in North America and expands its integrated technical, advisory, and sustainability services across the mining lifecycle.

Amplēo, a provider of fractional executive services, has acquired AVL Growth Partners, a finance and accounting services firm headquartered in Boulder, Colorado. The deal expands Amplēo’s national footprint and strengthens its presence in Colorado, while significantly increasing its fractional CFO and accounting capacity. Amplēo noted it has been recently backed by Unity Partners and described this as its fifth acquisition in 2025.

Carousel Capital formed a new residential and commercial roofing platform through the acquisitions of covR and United Contracting and Roofing. covR provides residential roofing and exterior restoration services with an insurance-claims-focused model in Colorado and Texas, while United Contracting and Roofing provides residential and commercial roofing services in Georgia and South Carolina. The deal was funded by equity from Carousel’s sixth fund along with rollover equity from the founders of both businesses, and the combined company will maintain co-headquarters in Denver, Colorado and Clarkesville, Georgia.

Hospitality at Work, a property management firm and wholly owned subsidiary of Lowe, acquired Denver-based Vector Property Services. Vector manages over 2.5 million square feet of institutional property, which brings Hospitality at Work’s total managed space to approximately 11 million square feet nationwide. Most of Vector’s property management, engineering, and accounting staff are expected to join Hospitality at Work as part of the transaction.

JEB Capital Partners acquired JK Concepts, Inc., an architectural millwork firm specializing in the design, fabrication, and installation of custom commercial woodwork. JK Concepts is headquartered in Denver, Colorado, and also distributes pre-manufactured cabinetry and casework. SDR Ventures served as the exclusive sell-side advisor to JK Concepts in the transaction.

Rain Bird Corporation announced it has acquired Rachio, Inc., a connected irrigation technology company focused on homeowners. Rachio will become a wholly owned subsidiary of Rain Bird and will continue to be led by its CEO and co-founder Chris Klein, expanding Rain Bird’s smart, sustainable irrigation offerings.

Mission Wealth Management, LP announced a strategic merger with Diversified Asset Management, Inc., a wealth management firm headquartered in Boulder, Colorado. The transaction expands Mission Wealth’s presence in Colorado and brings founder Robert J. Pyle (joining as an equity partner) and Matthew J. Pyle (joining as a Wealth Advisor Associate) onto Mission Wealth’s platform.

Sightline Solutions, a Colorado-based design consultant and seller of custom window and door packages for the ultra-luxury residential market, entered into a strategic partnership with Cadence Private Capital. The investment is intended to provide additional resources and strategic support to help Sightline expand its leadership in luxury fenestration nationwide.

CFS Technologies LLC, a portfolio company of Union Park Capital, acquired Meritech Systems LLC, a Colorado-based manufacturer of fully automated hygiene and sanitation systems for food production and other hygiene-critical industries. Following the acquisition, former Meritech CEO David Duran was appointed CEO of CFS Technologies, as Meritech joins CFS’s existing platform alongside Knight Equipment, Lafferty Equipment, and Lavo Solutions.

Mitchell Family Office (MFO) acquired Cos Bar, a luxury multi-brand beauty retailer founded in Aspen in 1976, for an undisclosed amount. MFO plans to support Cos Bar’s next phase of growth through omni-channel initiatives and geographic expansion, leveraging its broader consumer/lifestyle portfolio and beauty-related capabilities.

Rainier Partners, a Seattle-based private equity firm, announced its investment in Kleen-Tech Services, a national janitorial services provider operating across more than 30 states. Founded in 1993 and headquartered in Denver, Colorado, Kleen-Tech provides janitorial and related cleaning services through nine brands and plans to pursue organic growth and strategic M&A under Rainier’s ownership.

The SEER Group acquired Tuscan Electric, Heating & Plumbing, a fast-growing, family-operated home services provider serving the Denver metro area. Founded in 2020 by Drilon Doda and Armando Cobo, Tuscan will continue operating under the Tuscan name while gaining access to SEER’s operational resources and network as SEER expands its presence in Colorado.

Maridea Wealth Management acquired Hoot Wealth, a Colorado-based registered investment advisor founded by Nick Crow and Bryan Hinmon. As part of the deal, Crow and Hinmon and Hoot team members Michael Padilla and Jared Chase will join Maridea, with Crow and Hinmon joining its executive leadership team. The acquisition strengthens Maridea’s national wealth management platform and expands its presence in the U.S. mountain states.

Denver-based bootseller Freebird has been sold for $500,000 after a court-appointed receiver closed most of its Colorado locations amid a liquidity crisis. Judge Jill Dorancy approved the sale to Yasser Elshair of Arizona-based private equity firm Elshair Cos., with plans to reopen select Freebird retail locations nationwide.

Matter Family Office and IWP Family Office have merged to form an integrated multi-family office platform serving ultra-high-net-worth, multigenerational families. The combined firm has more than 90 professionals across St. Louis, Denver, and Dallas–Fort Worth and advises on over $10 billion in assets for 140+ families nationwide. The transaction was backed/funded by an investment from BW Forsyth Partners to support scalable growth of the combined platform.

RMH Systems (RMH) acquired Complete Solution Robotics, LLC (CSR), a robotics and automation solutions provider based in Loveland, Colorado. The deal expands RMH’s in-house engineering and robotics capabilities and strengthens its presence in the Mountain West. The acquisition is RMH’s first add-on since it partnered with private equity firm Rotunda Capital Partners in February 2025, and CSR founder Mike W. Olson will remain to lead RMH’s robotics division.

PSTrax, an inventory and asset management software platform for fire, EMS, law enforcement, and military agencies, secured a strategic investment from growth equity firm Level Equity. The partnership is intended to accelerate product development, expand market reach, and deepen integrations and automation for first-responder station operations. Growth Street Partners will continue as a minority investor.

BBA Consultants signed a strategic agreement to integrate Tierra Group International, Ltd. into its operations, expanding BBA’s international engineering and consulting footprint in the mining sector. The transaction adds approximately 50 Tierra Group experts and expands BBA’s presence in North and South America, including offices in Denver, Colorado; Elko, Nevada; and Lima, Peru. 1stWest Mergers and Acquisitions advised and represented Tierra Group International in the transaction.

Roofed Right America (RRA), a Milwaukee-based commercial roofing contractor backed by Great Range Capital, acquired B&M Roofing of Colorado, a commercial roofing provider based in Frederick, Colorado. B&M will continue to operate under its existing brand and leadership team and becomes RRA’s third acquisition, joining prior RRA platform companies Upstate Roofing and Diamond Roofing Systems.

In July 2025, TriggerTech acquired Hawkins Precision, a Colorado Springs, Colorado-based manufacturer of premium precision rifle components and accessories. The deal expands TriggerTech’s product portfolio beyond trigger systems and establishes a permanent U.S. manufacturing footprint through Hawkins Precision’s Colorado facility. Hawkins Precision will continue operating under its existing brand, with founder Andy Hawkins staying on as Head of Product Development.

Trinity Hunt Partners made a majority investment in DACS Asphalt & Concrete, a Denver, Colorado-based provider of commercial asphalt paving, concrete, and parking lot maintenance and repair services. The investment serves as the foundational deal for Trinity Hunt’s new commercial paving services platform, which will pursue expansion through a buy-and-build strategy and organic growth initiatives.

Carson Group acquired Aveo Capital, a wealth advisory firm headquartered in Englewood, Colorado with approximately $608 million in assets under management. Following the transaction, Aveo Capital will be rebranded as a Carson Wealth location, expanding Carson’s presence in the Rocky Mountain region.

Loenbro, LLC acquired Weifield Group, a Colorado-based electrical services provider with operations across the Mountain West, Texas, and Tennessee. The deal expands Loenbro’s electrical services capabilities and broadens its geographic reach in mission-critical infrastructure end markets, with Braemont Capital supporting the transaction as Loenbro’s investment partner.

HKW, a middle-market private equity firm, acquired Electric Equipment & Engineering Co. (EEE), a designer and manufacturer of engineered electrical power distribution products. EEE serves end markets including data centers, telecommunications, broadband, and utility infrastructure; the company was previously owned by the third generation of the Morroni family. Financial terms were not disclosed.

Inszone Insurance Services acquired Chacon Insurance Service, Inc., a longstanding personal and commercial insurance provider based in Trinidad, Colorado. The transaction expands Inszone’s presence in Colorado and brings Chacon Insurance clients broader market access, expanded offerings, and additional technology resources while maintaining local service continuity.

Dry Fly Capital LLC completed a majority recapitalization of Serpentix Conveyor Corporation, a manufacturer of specialized conveyor systems for wastewater treatment and other industrial applications. Tamarix Capital Partners provided both debt and equity financing to support the transaction, and Serpentix President and owner Rob Nusz will remain in his role to help drive continued growth.

World Insurance Associates LLC acquired the business of Reinig Insurance Solutions of Lakewood, Colorado, with the transaction effective July 1, 2025. Reinig specializes in property and casualty insurance products and services for the health and fitness industry; terms were not disclosed.

Atlas Holdings signed a definitive agreement and subsequently completed the acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada (together, EVRAZ North America), a producer of engineered steel products serving rail, energy, infrastructure and industrial end markets in the United States and Canada. Following closing, Atlas formed the Orion Steel Companies, comprising Rocky Mountain Steel Mills (Pueblo, Colorado), Oregon Steel Mills (Portland, Oregon), and Interpro Pipe and Steel (Regina, Saskatchewan and across Alberta), and appointed former U.S. Steel executive Doug Matthews as CEO.

Bow River Capital’s Software Growth Equity team completed a majority recapitalization of Topia, a SaaS platform for global mobility management and distributed/remote work compliance. Topia, founded in 2010, operates from its global headquarters in Denver, Colorado, providing solutions that centralize global workforce compliance and regulatory/tax withholding risk management for enterprises.

Wowza, a video streaming infrastructure software provider, acquired AVA Intellect, an AI-native startup focused on embedded agent technology for video platforms. The deal supports Wowza’s AI-first product strategy by integrating AVA’s agent framework and stream intelligence capabilities to improve video insights, automation, configuration, and support. As part of the acquisition, AVA Intellect co-founder Mike Vitale joined Wowza as Head of Intelligence.

Edited Capital, a Denver-based private equity firm, acquired Annex Cloud, an enterprise customer loyalty and engagement (customer retention) SaaS platform. Edited Capital will partner with Annex Cloud’s management team to accelerate growth, expand product offerings, and pursue expansion opportunities as enterprises prioritize retention and lifetime value.

Sound Growth Partners (SGP) completed a majority recapitalization of BARS, LLC on June 18, 2025, providing all capital for the transaction via its One-Stop Buyout structure. Headquartered in Lakewood, Colorado, BARS provides in-store ID check compliance services for convenience and grocery stores across the United States and Canada.

Inszone Insurance Services, a national insurance brokerage headquartered in Sacramento, California, acquired Denver West Insurance Brokers, an independent insurance agency based in Golden, Colorado. Founded in 2003 by Tina Kiel, Denver West provides personal and commercial insurance solutions; the transaction supports Kiel’s planned retirement and expands Inszone’s presence in Colorado.

Populous, a global design firm known for sports and entertainment venues, acquired Denver-based Fentress Architects, an architecture firm recognized for aviation projects and public buildings. Following the deal, Fentress Architects will rebrand as Fentress Studios, a Populous Company, and continue operating from its Denver and Washington, D.C. studios, expanding Populous’ aviation, transportation, and public-sector design capabilities.

Rowdy Mermaid, an organic kombucha and functional soda maker, has been acquired by Next in Natural in partnership with strategic investors KarpReilly and Luke Comer (founder of Sapient Stews). The transaction is intended to support Rowdy Mermaid’s next phase of growth by expanding capabilities across areas such as production, supply chain, and marketing, while founders Jamba Dunn and Erin Donnelly continue to lead the business.

Cherry Bekaert announced the acquisition of Spicer Jeffries LLP, a CPA firm specializing in audit, tax, accounting and consulting services for the securities and asset management industry. The deal expands Cherry Bekaert’s financial services and fund-focused capabilities and broadens its geographic presence in the Rocky Mountain region, including Denver. Due to the firms’ alternative practice structure, the transaction is executed as two acquisitions: Cherry Bekaert Advisory LLC acquired Spicer Jeffries’ non-attest assets and Cherry Bekaert LLP will acquire Spicer Jeffries’ attest assets.

Aventia, an environmental services platform backed by Bernhard Capital Partners, acquired Habitat Management, Inc. (HMI), a Colorado-based natural resource management and ecological consulting firm. The deal expands Aventia’s capabilities in reclamation, restoration, mitigation, permitting, and regulatory affairs and marks Aventia’s fifth acquisition. Financial terms were not disclosed.

Freedom CNG, a Houston-based renewable fuel infrastructure company, acquired Colorado-based X3CNG and Utah-based Lancer Energy to expand its compressed natural gas and compressed renewable natural gas (C/RNG) footprint across the Western United States. X3CNG adds a broad CNG station network in Colorado, while Lancer Energy contributes design, build, and maintenance capabilities across CNG/RNG as well as EV and hydrogen fueling systems.

Oakcreek Golf & Turf LP, a distributor of Toro commercial turf equipment owned by Banyan Capital Partners and its management team, acquired L.L. Johnson Distributing Company, Inc. and Midwest Turf & Irrigation. The two businesses comprise substantially all of the assets of Pattlen Enterprises, Inc.; financial terms were not disclosed.

Club Car Wash acquired Express Car Wash Colorado, purchasing all three of its operating express exterior tunnel car wash locations in Colorado Springs, Colorado. Car Wash Advisory LLC served as the exclusive sell-side financial advisor to Express Car Wash Colorado in the transaction, which expands Club Car Wash’s presence in the Mountain West.

Digital Capital Partners (DigiCap) acquired PAIRIN, an AI-powered workforce development software company best known for its My Journey platform. PAIRIN will operate as a DigiCap portfolio company, with key members of the existing management team continuing to lead the business while DigiCap provides oversight and executive leadership.

StayTerra Vacations, a vacation rental management collection backed by Garnett Station Partners, announced an investment in Moving Mountains, a luxury vacation home property management and rental company in Colorado’s mountain markets. Moving Mountains will join the StayTerra collection and gain access to growth capital plus enhanced technology, data, and customer service capabilities to support long-term expansion. Terms of the transaction were not disclosed.

One X – A Completions Partner, a portfolio company of Kingswood Capital Management, acquired United Energy Partners (UEP), a provider of pressure control services and equipment rental solutions utilizing service-less (greaseless) valve technology. Headquartered in Greeley, Colorado, UEP expands One X’s pressure-control footprint and inventory of service-less valves across major U.S. shale basins, strengthening its national presence across the Lower 48. UEP’s existing management team will remain with the business post-acquisition.

Galloway & Company, LLC announced a strategic growth investment from ARA Services Partners and Kelso & Company to support its geographic, end market, and service line expansion. Galloway’s existing management team will continue to lead the business, and employees are retaining significant ownership.

Middle West Spirits announced it has acquired Old Elk Distillery and its related assets, adding the award-winning Old Elk whiskey brand to Middle West’s expanding branded portfolio. The combination is intended to leverage Old Elk’s national brand momentum with Middle West’s production scale and infrastructure to expand reach, accelerate innovation, and support long-term growth.

Mercer Global Advisors, Inc. (Mercer Advisors), a national registered investment adviser, announced it has acquired Lewis Wealth Management, LLC, a Denver-based RIA. Led by Austin Lewis, Lewis Wealth Management manages about $75 million in client assets and the deal strengthens Mercer Advisors’ presence and AUM footprint in the greater Denver, Colorado market.

Diatonic Healthcare, a middle-market private equity firm focused on healthcare technology and tech-enabled services, announced a majority growth investment in Quantix Consulting. Quantix, headquartered in Denver, provides cyber and IT staffing and workforce management services to healthcare and other regulated industries, and plans to use the proceeds to innovate, accelerate client offerings, and support future acquisitions.

Porch Light Health, an outpatient addiction medicine practice in Colorado, acquired Comprehensive Behavioral Health Center (CBHC), an opioid treatment program provider with clinics in Denver and Lakewood. The acquisition expands Porch Light Health’s service offering to include OTP services and the full spectrum of medications for addiction treatment, including buprenorphine, methadone, and naltrexone.

TurboTenant, an all-in-one rental property management software provider, announced it has acquired Azibo, a financial services platform for rental properties. Following the deal, Azibo users will gain access to TurboTenant’s platform as the companies combine capabilities to better serve landlords and real estate investors.