Private Equity-Backed Acquisitions in Colorado

Tracked deals

651

651 tracked deals across 2013-2026.

Buyer mix

Mixed buyer set

642 pe · 373 strategic

Top trend

Volume peaked in 2021

103 tracked deals announced in 2021.

Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Find buyers active in Colorado →
Buyer # Deals Focus Type
The Riverside Company 8 Global private investment firm focused on the smaller end... PE
Alpine Investors 6 People-first private equity firm that invests in software... PE
Bow River Capital 6 Denver-based alternative asset manager with a Software Gr... PE
Kinderhook Industries, LLC 6 Middle‑market private investment firm focused on environm... PE
Osceola Capital 5 Lower middle‑market private equity firm focused on buy‑an... PE
Accel-KKR 4 Technology-focused private equity firm investing in softw... PE
Audax Private Equity 4 Middle‑market private equity firm focused on buy‑and‑buil... PE
GI Partners 4 Private investment firm with private equity, real estate ... PE
Seaside Equity Partners 4 Growth-oriented, operationally focused private equity fir... PE
Shore Capital Partners 4 Chicago-based private equity firm focused on lower-middle... PE

Acquisition Volume in Private Equity-Backed in Colorado by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Private Equity-Backed Acquisitions in Colorado. 4 2017 2 2018 55 2019 68 2020 103 2021 100 2022 93 2023 93 2024 79 2025 ~64 est. 46 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    Meritus Gas Partners, Buckeye Welding Supply
    Target
    Wagner Welding Supply
    Type
    Addon

    Meritus Gas Partners, through its wholly owned subsidiary Buckeye Welding Supply, acquired Wagner Welding Supply to expand Buckeye’s presence in Colorado. The deal adds a fifth location for Buckeye and strengthens its distribution capabilities for industrial and medical gases, with an eye toward serving markets such as construction, aerospace, and chemicals.

  • Buyer
    Bleichroeder Acquisition Corp. III (to be renamed Inflection Point Mach X Bleichroeder Corp.), Inflection Point Asset Management
    Target
    Ursa Major Technologies, Inc.
    Type
    Buyout

    Ursa Major Technologies entered into a definitive business combination agreement with SPAC Bleichroeder Acquisition Corp. III, which is led and backed by the management team of Inflection Point Asset Management. The transaction is expected to provide at least $350 million of committed capital to scale Ursa Major’s hypersonics, solid rocket motor, and space mobility production, with closing anticipated in the first quarter of 2027.

  • Buyer
    Verdant Capital Partners
    Target
    Native Roots (15 retail dispensary locations in Colorado), Native Roots retail dispensaries
    Industry
    Retail
    Type
    Buyout

    Verdant Capital Partners acquired 15 Native Roots retail dispensaries in Colorado, with ownership and operating control assumed effective July 31 after receipt of required regulatory approvals. The stores will continue operating under the Native Roots brand while benefiting from Verdant’s operational expertise and investment, as Verdant builds a cannabis retail operating platform for further acquisitions.

  • Buyer
    Black Pearl Equities
    Target
    Selectis Health, Inc.
    Type
    Buyout

    Black Pearl Equities (and affiliates) is acquiring all outstanding shares of Selectis Health, Inc. for $5.75 per share in cash through a tender offer followed by a short-form merger. The tender offer was launched in mid-July 2026 and completed by early September 2026, moving Selectis toward becoming a wholly owned subsidiary.

  • Buyer
    Gladstone Investment Corporation
    Target
    DHE Computer Systems, LLC
    Seller
    Dan Hammack
    Industry
    IT Services
    Type
    Buyout

    Gladstone Investment Corporation acquired DHE Computer Systems, LLC, a full-service technology solutions provider headquartered in Centennial, Colorado. The deal was funded with a combination of debt and equity, with DHE’s management team continuing to lead and founders Dan Hammack and Elena “Annie” Hammack retaining meaningful equity.

  • Buyer
    H.I.G. Capital (funds affiliated)
    Target
    Outward Hound

    Outward Hound announced that funds affiliated with H.I.G. Capital have assumed majority ownership of the company. The acquisition is intended to provide additional resources to accelerate product innovation, strengthen retail partnerships, and expand category opportunities.

  • Buyer
    TCW Steel City, Brightwood, CIFC, CalSTRS
    Target
    Lone Peak Dental Group

    TCW Steel City acted as lead arranger and administrative agent on the $170 million recapitalization of Lone Peak Dental Group. The financing includes a term loan, revolver, and delayed draw term loan intended to support Lone Peak’s future acquisitions and continued growth of its pediatric dental network.

  • Buyer
    Shore Capital Partners
    Target
    ThrivePass
    Industry
    Cloud & SaaS
    Type
    Buyout

    Shore Capital Partners acquired ThrivePass, a Denver-based employee benefits technology platform, to accelerate ThrivePass’s growth and expand its reach among employers. The partnership is intended to support continued investment in ThrivePass’s product, technology, and client experience, with healthcare-focused operational expertise.

  • Buyer
    Solina USA, Solina Group SAS, Astorg Partners, HC Private Investments LLC (HCPI)
    Target
    Epicurean Butter Co.
    Seller
    HC Private Investments LLC (HCPI), HC Private Investments, HC Private Investments
    Industry
    Food & Beverage
    Type
    Buyout

    Solina USA acquired Epicurean Butter, a Denver-based developer and manufacturer of flavored compound butters and customized dairy flavor solutions. The deal expands Solina’s dairy innovation and flavor development capabilities, with Epicurean continuing to operate from its Denver facility under its existing leadership team.

  • Buyer
    Edgewater Capital Partners
    Target
    Well Master
    Type
    Buyout

    Edgewater Capital Partners, a Cleveland-based private equity firm, acquired Well Master, a provider of plunger lift systems, automation technologies, and production optimization solutions for the oil and gas industry. Well Master’s leadership team will remain in place to continue running the company as Edgewater supports growth and capability expansion.

  • Buyer
    Benford Capital Partners
    Target
    CGRS, Inc.
    Seller
    Founder and CEO Eric Hick

    Benford Capital Partners recapitalized CGRS, Inc., a Fort Collins, Colorado-based testing, inspection, certification and compliance (TICC) provider serving regulated environmental end markets across the Western United States. The transaction is done in partnership with Founder and CEO Eric Hick, who retains an ownership interest, and Benford plans to expand geographically and pursue add-on acquisitions of complementary environmental compliance and monitoring businesses.

  • Buyer
    Rallyday Partners
    Target
    Simplistic, LLC (22Simplistic22)
    Industry
    IT Services

    Simplistic, an agentic commerce consultancy and Shopify Plus Platinum partner, announced a strategic investment from Rallyday Partners. The investment will support Simplistic’s growth plans, including targeted acquisitions and further expansion of its “intelligent commerce” platform capabilities.

  • Buyer
    American Residential Services, LLC (ARS/Rescue Rooter), GI Partners
    Target
    Tipping Hat Plumbing, Heating & Electric
    Seller
    Phillip Eastwood and Erin Eastwood
    Type
    Addon

    American Residential Services (ARS/Rescue Rooter) acquired Denver-based Tipping Hat Plumbing, Heating & Electric to expand its presence in the Denver metro area. The acquired company employs about 80 people and provides residential HVAC, plumbing, and electrical services across the region.

  • Buyer
    Oak Hill Capital, New Mountain Capital, HarbourVest Partners, SkyKnight Capital, The Stephens Group
    Target
    IMA Financial Group, Inc.
    Seller
    SkyKnight Capital, The Stephens Group
    Industry
    Insurance

    IMA Financial Group, Inc., a North American insurance brokerage, completed an equity recapitalization valued at about $4 billion. Oak Hill Capital and New Mountain Capital took minority stakes, with HarbourVest Partners and select institutional co-investors participating, while IMA’s 3,000+ employees retained majority ownership.

  • Buyer
    Broadwater Capital
    Target
    Drilling Mud Direct
    Type
    Buyout

    Broadwater Capital acquired Drilling Mud Direct (DMD), a Denver-based national provider of drilling fluid products, additives, equipment parts, consumables, and related consulting/engineering services. Eight Quarter Advisors acted as sell-side transaction advisor and the deal is intended to expand DMD’s distribution reach, customer support, stock point network, and technology for infrastructure demand in data centers and natural gas.

  • Buyer
    Council Capital
    Target
    MedicalServiceQuotes.com
    Type
    Buyout

    Council Capital, a healthcare-focused private equity firm, acquired MedicalServiceQuotes.com (MSQ), a platform-as-a-service provider that helps payers and employers procure and manage ancillary services and pharmacy benefits using data-driven analytics. The acquisition is intended to expand MSQ’s healthcare cost-containment and procurement capabilities, particularly for workers’ compensation and auto-no-fault insurers.

  • Buyer
    Blackstone (funds affiliated with)
    Target
    Rowan Digital Infrastructure
    Industry
    Infrastructure

    Quinbrook and Blackstone announced that funds affiliated with Blackstone have acquired a significant minority stake in Rowan Digital Infrastructure. The investment is intended to support Rowan’s continued expansion and capacity growth of sustainable, build-to-suit hyperscale data center campuses across the United States.

  • Buyer
    Lime Rock New Energy
    Target
    Boulder Imaging, Inc.

    Boulder Imaging, a provider of ultra-high speed machine vision technologies for wind energy and manufacturing, received a significant growth investment from Lime Rock New Energy (LRNE). The recapitalization is intended to accelerate Boulder Imaging’s global growth, product innovation, and entry into new markets and industry verticals, while founder-CEO Carlos Jorquera and President/COO Don Mills retain meaningful ownership.

  • Buyer
    Kelso Company, ARA Services Partners, William Henry Insurance
    Target
    Beacon Communications, LLC
    Industry
    IT Services

    Beacon Communications, LLC announced a strategic growth investment from Kelso Company and ARA Services Partners to support the company’s continued expansion across geographies, end markets, and service offerings. The existing leadership team will remain and retain meaningful ownership, with William Henry Insurance continuing as an equity partner.

  • Buyer
    Bow River Capital
    Target
    TrackVia
    Industry
    Cloud & SaaS
    Type
    Buyout

    Bow River Capital’s Software Growth Equity team completed a majority buy-out of TrackVia, a Denver-based enterprise compliance lifecycle management cloud platform for the federal government and commercial organizations. The investment is intended to accelerate TrackVia’s product and AI innovation, scale operations and infrastructure, and expand staffing.

  • Buyer
    Bow River Capital
    Target
    Spur Capital Partners
    Type
    Buyout

    Bow River Capital, a Denver-based alternative asset manager, agreed to acquire venture capital firm Spur Capital Partners. The deal is expected to close in the second quarter of 2026 and is intended to expand Bow River’s evergreen fund offerings by creating an evergreen venture capital strategy.

  • Buyer
    "I and love and you"
    Target
    Made by Nacho
    Seller
    Bobby Flay
    Type
    Buyout

    "I and love and you" announced it is acquiring Made by Nacho, a culinary-led premium cat food company co-founded by Bobby Flay and Elly Truesdell. The combined business will strengthen the brands’ positions in the premium cat category and expand product portfolios and distribution. "I and love and you" will welcome Flay as Chief Culinary Officer, investor, and board member.

  • Buyer
    Greenbelt Capital Management L.P. (Greenbelt Capital Partners), Sound Point Capital Management, LP
    Target
    Peak Utility Services Group
    Seller
    ORIX Capital Partners
    Type
    Buyout

    Greenbelt Capital Management (Greenbelt Capital Partners) entered into a definitive agreement to acquire Peak Utility Services Group (Peak) from ORIX Capital Partners. The transaction is expected to close following customary regulatory approvals and closing conditions; financial terms were not disclosed.

  • Buyer
    Domain Capital Group
    Target
    Simpson Property Group
    Seller
    The State of Michigan Retirement Systems
    Industry
    Real Estate
    Type
    Buyout

    Domain Capital Group has completed its acquisition of Denver-based Simpson Property Group from The State of Michigan Retirement Systems (SMRS). The deal expands Domain’s role from investment adviser to owner, enabling further institutionalization and scaling of Simpson’s vertically integrated multifamily real estate platform.

  • Buyer
    Crestone Air Partners, Inc., Air T, Inc., Blue Owl Capital, Aviation Growth Initiatives, LLC
    Target
    Arena Aviation Capital, Crestone Asset Management, LLC
    Seller
    Mill Road Investors, MRC Parties
    Industry
    IT Services
    Type
    Buyout

    Crestone Air Partners, a majority-owned business of Air T, Inc., has completed its acquisition of Arena Aviation Capital, an aviation asset manager with diversified airline relationships. The deal expands Crestone’s aircraft and engine leasing platform to a combined ~$3.6 billion in assets under management (AUM) and ~55 employees across five countries.

  • Buyer
    Midland Industries
    Target
    Industrial Specialties Manufacturing, LLC (ISM)
    Type
    Addon

    Midland Industries, a portfolio company of Gemspring Capital, announced its acquisition of Industrial Specialties Manufacturing, LLC (ISM). The deal expands Midland’s product portfolio in pneumatic, vacuum, and fluid-control components and broadens ISM’s OEM and distribution-channel exposure; financial terms were not disclosed.

  • Buyer
    Gryphon Investors
    Target
    HRSoft
    Seller
    Existing investor Bow River Capital (retaining minority stake; implies partial sale down to Gryphon)
    Industry
    Cloud & SaaS

    Gryphon Investors completed a majority investment in HRSoft, a Denver-based enterprise compensation management software provider. Existing investor Bow River Capital retained a minority stake, and HRSoft’s executive team (led by CEO Joe Poxson) continued to manage the business.

  • Buyer
    Herzig Engineering, Copley Equity Partners
    Target
    Martin Technical
    Type
    Addon

    Herzig Engineering, a national electrical safety and compliance firm backed by Copley Equity Partners, has acquired Martin Technical, a provider of lockout tagout, arc flash, infrared inspection and electrical reliability services. Financial terms were not disclosed; the deal will integrate Martin's employees into Herzig and expand Herzig's national coverage and service capabilities in electrical safety, reliability and training.

  • Buyer
    Expedition:Earth, Providence Investment Partners
    Target
    EXPLORE, Inc.
    Type
    Buyout

    Expedition:Earth, a new Texas-based multi-brand operator, announced a strategic investment to acquire EXPLORE, Inc., a Steamboat Springs, Colorado-based luxury tour operator specializing in custom travel throughout Africa and select global destinations. Providence Investment Partners provided debt and equity financing to support the transaction, which serves as Expedition:Earth's inaugural platform acquisition under its buy-and-build growth strategy to expand capabilities, distribution and technology while preserving EXPLORE's founder-led culture.

  • Buyer
    Highland Rim Capital
    Target
    Xybix Systems, Inc.
    Type
    Buyout

    Highland Rim Capital completed its acquisition of Xybix Systems, Inc., a designer, manufacturer, and installer of mission-critical ergonomic workstations. The deal keeps Xybix led by CEO Adam Cookson and the existing senior leadership team, with founders maintaining an ongoing relationship.

  • Buyer
    Gauge Capital
    Target
    Affordable American Insurance (AAI)
    Industry
    Insurance

    Gauge Capital has made a strategic growth investment to recapitalize Affordable American Insurance (AAI), a tech-enabled property & casualty insurance agency network. The investment will provide growth capital to expand AAI's team and resources, accelerate organic expansion across its agency network, and pursue strategic acquisitions to scale the national platform.

  • Buyer
    Seedbox Solution, Granite Creek Capital Partners, L.L.C.
    Target
    Trace Engineering LLC
    Industry
    Agriculture
    Type
    Addon

    Seedbox Solution, a portfolio company of Granite Creek Capital Partners, has merged with Trace Engineering, a Colorado-based hardware and software engineering firm. The transaction brings Trace’s engineering capabilities in-house to accelerate development of Seedbox’s BOXIQ IoT monitoring platform and expand Seedbox’s technology-driven offerings for the seed industry and adjacent markets.

  • Buyer
    Electric Equipment Engineering (EEE), HKW
    Target
    Endpoint Industrial Controls
    Industry
    Manufacturing
    Type
    Addon

    HKW’s portfolio company Electric Equipment Engineering (EEE) has completed a strategic merger with Endpoint Industrial Controls, a Loveland, Colorado–based designer and manufacturer of low-voltage electrical products. The combination expands EEE’s product offering and engineered solutions for end markets including data centers, energy and industrial customers, with Endpoint’s leadership team remaining in place.

  • Buyer
    Proven Optics, Silversmith Capital Partners
    Target
    brightfin (ServiceNow-native enterprise business)
    Seller
    brightfin, Periscope Equity
    Industry
    IT Services

    Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

  • January 23, 2026
    Buyer
    Vector
    Target
    YardView
    Type
    Addon

    Vector has acquired YardView, a yard management and dock visibility provider, to integrate YardView’s real-time yard tracking with Vector’s e-BOL and workflow platform. The deal — enabled through Vector’s partnership with BVP Forge — aims to close visibility gaps during custody transfers, expand capabilities across gate/yard/dock/document workflows, and retain YardView leadership in advisory and operational roles.

  • Buyer
    Lovell Minnick Partners, Carlyle AlpInvest
    Target
    SRS Acquiom

    Lovell Minnick Partners closed a single-asset continuation vehicle for SRS Acquiom in a transaction led by Carlyle AlpInvest, providing fresh capital and a refreshed ownership structure while keeping existing and new investors and management as shareholders. The recapitalization is intended to support SRS Acquiom's next phase of growth — including international expansion across the U.K. and Europe, a push on strategic acquisitions, and further investment in tech-enabled solutions.

  • Buyer
    Transom Capital Group
    Target
    WellBiz Brands, Inc.
    Seller
    KSL Capital Partners
    Type
    Buyout

    Transom Capital Group (Transom) completed its acquisition of WellBiz Brands, a Denver-headquartered beauty and wellness franchisor platform with five brands and 700+ locations. The deal brings Transom’s operational transformation expertise to accelerate WellBiz’s growth, improve profitability and franchisee support, and strengthen its franchise system.

  • Buyer
    Oakline Properties, Alpine Investors
    Target
    Four Star Realty
    Industry
    Real Estate
    Type
    Addon

    Oakline Properties, a property-management platform launched by Alpine Investors, has acquired Four Star Realty, a Colorado-based multifamily and student-housing property management firm. Four Star—founded in 1986 and managing more than 5,000 market-rate residential units and 3,000 student housing units—will continue to operate under its current brand and leadership while joining Oakline's expanding Mountain West platform.

  • Buyer
    Libera, Inc., Tideshift Capital Group
    Target
    CiviCore
    Seller
    Neon One
    Industry
    Cloud & SaaS
    Type
    Buyout

    Libera, a GovTech-native case management and vocational rehabilitation SaaS provider backed by Tideshift Capital Group, acquired CiviCore from Neon One. CiviCore is a Denver-based provider of cloud case management, data analytics, mentoring, and grant tracking for state and local government and non-profit organizations.

  • Buyer
    MPearlRock, MidOcean Partners, Kroger, 84.51°
    Target
    The Good Crisp Company
    Industry
    Food & Beverage
    Type
    Addon

    MPearlRock has acquired The Good Crisp Company, a clean-label salty snack brand founded by Matt Parry, to expand its better-for-you salty snacks platform. The Good Crisp's products are sold in over 20,000 retail doors across the U.S., Canada, Australia and the U.K.; financial terms were not disclosed.

  • Buyer
    Accel-KKR
    Target
    Nutrislice
    Industry
    Cloud & SaaS
    Type
    Buyout

    On January 15, 2026, private equity firm Accel-KKR acquired Nutrislice, a Broomfield, Colorado–based provider of digital menus, ordering, and signage solutions for restaurants. Financial terms were not disclosed; the deal gives Accel-KKR a foothold in the food‑tech / restaurant software market and provides Nutrislice with capital and operational support to accelerate growth.

  • Buyer
    Rampart Exterior Services
    Target
    Colorado Moisture Control, Inc. (CMC)
    Type
    Addon

    Huron Capital’s portfolio company, Rampart Exterior Services, acquired Colorado Moisture Control, Inc. (CMC), a Denver-based roofing and waterproofing company. The deal expands Rampart’s geographic footprint in Colorado and adds technical capabilities in waterproofing and roofing systems; financial terms were not disclosed.

  • Buyer
    Sign In Solutions
    Target
    The Receptionist
    Industry
    Cloud & SaaS
    Type
    Addon

    Sign In Solutions has acquired The Receptionist, a Denver-based visitor management provider with more than 5,500 customers across 35 countries. The undisclosed-term deal is an add-on to Sign In Solutions' PE-backed platform (formed with backing from PSG Equity) to integrate The Receptionist's service model and expand visitor management, GRC and workplace security capabilities.

  • Buyer
    KEY Investment Partners
    Target
    BellRock Brands, Inc.
    Seller
    Receivership (unnamed)
    Type
    Buyout

    KEY Investment Partners purchased BellRock Brands out of receivership, securing the company's brand assets and providing working capital to refocus and revitalize the portfolio. The assets will be operated under a newly formed company, MM Brands, led by incoming CEO Joe Bayern as the business pursues national brand-building ahead of potential federal cannabis rescheduling.

  • Buyer
    Proven Optics
    Target
    brightfin
    Industry
    Cloud & SaaS
    Type
    Addon

    Proven Optics has acquired brightfin to combine Proven Optics' IT financial management capabilities with brightfin's technology expense management solutions, and appointed Joel Martins as CEO of the combined organization. The deal (backed by majority investor Silversmith Capital Partners and with prior growth investment from ServiceNow) expands the platform's ServiceNow-native capabilities, customer support, and AI-enabled functionality for enterprise and public-sector customers.

  • Buyer
    Sabel Systems Technology Solutions
    Target
    Centil
    Type
    Addon

    Sabel Systems Technology Solutions has acquired Centil to strengthen its digital engineering and space-domain capabilities, particularly in DevSecOps and CI/CD product development for defense and commercial space customers. The deal is Sabel's second acquisition since Sagewind Capital made a majority investment in the company in October; legal and financial advisers for the deal were named in the announcement.

  • Buyer
    Inszone Insurance Services
    Target
    Sample Insurance Group, LLC
    Industry
    Insurance
    Type
    Buyout

    Inszone Insurance Services has acquired Sample Insurance Group, LLC, an independent insurance agency headquartered in Monument, Colorado. The deal expands Inszone's presence in Colorado and gives Sample Insurance Group access to Inszone's broader carrier relationships, technology and resources while the Sample team remains in place.

  • Buyer
    Promus Capital Management
    Target
    Tersus Solutions
    Type
    Buyout

    Promus Capital Management, a Chicago-based private investment firm, has completed the acquisition of Tersus Solutions, a Colorado-headquartered provider of proprietary liquid CO₂ waterless cleaning, recommerce, and repair services. Promus plans to support Tersus' growth by investing in additional CO₂ machines and capacity, expanding commercial efforts, and scaling the company's recommerce, fire PPE cleaning, and down recycling capabilities.

  • Buyer
    PureStar
    Target
    Breck's Commercial Laundries
    Type
    Addon

    PureStar, a Las Vegas–based commercial laundry platform backed by Cornell Capital, has acquired Breck's Commercial Laundries, which operates multiple laundry and dry-cleaning facilities serving hotels and ski resorts across Colorado. The acquisition expands PureStar's presence in Denver and Colorado ski markets and adds capacity through facilities in Silverthorne, Eagle and Edwards, Colorado; the founders will remain with the business.

  • Buyer
    Forward Consumer Partners
    Target
    Justin's
    Seller
    Hormel Foods Corporation
    Industry
    Food & Beverage
    Type
    Buyout

    Forward Consumer Partners has acquired a 51% ownership stake in the Justin’s brand, creating a standalone Justin’s company that will be 51% owned by Forward and 49% owned by Hormel Foods. The transaction returns founder Justin Gold as a strategic advisor and installs Peter Burns as CEO as the business — known for nut butters and USDA-certified organic chocolate confections — seeks focused resources to accelerate growth.

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