Tracked deals
651
651 tracked deals across 2013-2026.
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
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| 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 |
Last 10 years
Supporting Data
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
"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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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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