Private Equity-Backed Acquisitions in Colorado

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.

Infleqtion completed its previously announced business combination with Churchill Capital Corp X, becoming the first publicly listed neutral-atom quantum technology company and beginning trading on the New York Stock Exchange under the ticker INFQ. The transaction provided Infleqtion with over $550 million of gross proceeds (including nearly all of Churchill X's trust account and a >$125 million PIPE) to accelerate commercialization of its quantum computing and sensing products for government and commercial customers.

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, a Nashville-based private equity firm, has acquired Xybix Systems, a manufacturer of ergonomic, height-adjustable workstations and control-room furniture for mission-critical environments. SDR Ventures served as Xybix's exclusive sell-side advisor and Fennemore LLP was Xybix's legal advisor; Highland Rim said the investment will support product development and broader market expansion.

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, a Los Angeles–based private equity firm, has completed its acquisition of WellBiz Brands, Inc., a Denver‑headquartered multi‑brand beauty and wellness franchisor. Transom said it will apply operational expertise and new investment to accelerate franchise development, improve profitability, enhance franchisee support and expand the company's membership‑driven platform across its more than 700 locations.

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 Tideshift-backed GovTech software platform, has acquired the divested asset CiviCore from Neon One. The transaction brings CiviCore’s cloud-native case management, analytics and grant-tracking capabilities into Libera’s inFormed platform to expand its offerings for state and local government and nonprofit customers; financial terms were not disclosed.

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.

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.

Huron Capital’s portfolio company Rampart Exterior Services has acquired Colorado Moisture Control, a Denver/Commerce City-based commercial roofing and waterproofing contractor founded in 1982. The add-on expands Rampart’s geographic footprint in Colorado and strengthens its commercial roofing and exterior restoration capabilities serving education, healthcare and industrial customers.

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.

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.

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.

Affiliated investment funds of DigitalBridge Group and Crestview Partners completed a take-private acquisition of WideOpenWest, Inc. (WOW!) for an enterprise value of approximately $1.5 billion. WOW! shareholders received $5.20 per share; the buyers said they plan to invest in expanded fiber deployments, network modernization and customer experience improvements.

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.

Affiliates of Castle Creek Capital acquired $40 million of common stock in FirstSun Capital Bancorp from legacy stockholders, becoming one of the company's largest institutional shareholders with roughly a 4% stake. The investment is intended to support FirstSun as it pursues a proposed merger with First Foundation Inc. and Castle Creek expects to join the company's board subject to regulatory and closing conditions.

Princeton Medspa Partners (PMP), a national medical aesthetics platform, has acquired Allura Skin, Laser & Wellness Clinic, a two-location medical spa serving Northern Denver (Loveland and Fort Collins), Colorado. The deal expands PMP’s portfolio of medical spas and provides Allura’s founders and team with the resources and scale of a national platform to support future growth.

Vance Street Capital has acquired Injectech from The West Group and added it to its newly formed VSC Medical Molding platform, expanding the platform's precision injection-molding and single-use fluid management capabilities for medical device, life science and bioprocessing customers. Injectech, headquartered in Fort Collins, Colorado, will operate alongside Resenex under the VSC Medical Molding platform to broaden component offerings and custom manufacturing capabilities.

MFG Partners, a New York-based private equity firm, has made an investment in Regency Electric, a Denver/Englewood-area commercial electrical contractor founded in 1986. Regency's leadership (Dave and Ryan Seifried) retain significant equity and will continue to manage the business as MFG supports scaling the company's capabilities and growth across the Denver Metro and Front Range.

CXT Software, backed by Ionic Partners, has acquired e-Courier to create the largest last-mile TMS provider focused on couriers and shippers, nearly doubling customer footprint and combining R&D resources. Accel-KKR Credit Partners provided acquisition financing to support the transaction, which aims to accelerate AI-driven routing, dispatch optimization, and product innovation across last-mile logistics.

Tyree & D'Angelo Partners (TDP) closed a single-asset continuation transaction to extend its investment in Western Veterinary Partners, raising new capital to support Western's organic growth and upcoming acquisitions. The continuation fund was anchored by HarbourVest Partners, with additional commitments from Ares Private Equity Secondaries funds, a syndicate of investors, and TDP's existing limited and general partners.

Ascend, a private equity-backed platform for regional accounting firms, announced the addition of Colorado accounting firm BiggsKofford to its national Ascend platform. The deal brings nine partners and more than 40 staff across Colorado Springs and Denver to Ascend (backed by Alpine Investors); terms were not disclosed and BiggsKofford will operate with an alternative practice structure for attest and non-attest services.

LaunchPad Home Group, a PE-backed national home inspection platform, acquired Scott Home Services (Berthoud, CO) to strengthen its Colorado footprint and purchased Attik Field Solutions, a field-service inspection software platform, to accelerate digital transformation across its portfolio. The deals expand LaunchPad’s service capacity in Denver/Boulder/Fort Collins and integrate Attik’s inspection-to-repair workflow to streamline repair estimates and scheduling nationwide.

Amplēo, a PE-backed provider of fractional executive services, has acquired AVL Growth Partners, a Boulder-based fractional finance and accounting firm. The deal expands Amplēo's national footprint, doubles its finance and accounting capability, and strengthens its presence in the Colorado market as part of an accelerated add-on acquisition strategy backed by Unity Partners.

SLR has acquired Forte Dynamics and Forte Analytical, two U.S.-based mining engineering and metallurgical testing specialists headquartered in Fort Collins, Colorado. The acquisition strengthens SLR's North American mining capabilities—particularly heap leach design and metallurgical laboratory services—and expands its offering in critical minerals and battery metals markets.

Kicksaw, a Rallyday Partners–backed Salesforce consulting and revenue-operations firm, has acquired Northbound, a Contract Lifecycle Management (CLM) consulting partner. The deal adds 10+ CLM-certified specialists and expands Kicksaw’s ability to deliver integrated Salesforce + CLM quote-to-cash automation, improving contracting speed, compliance, and governance for customers.

JEB Capital Partners has acquired Denver-based architectural millwork firm JK Concepts, Inc. SDR Ventures served as exclusive sell-side advisor and the company's owner, Marge Johnson, sold the business to enable a new phase of growth under JEB's ownership. JEB intends to preserve the company's craftsmanship and culture while supporting expansion into new markets.

Cadence Private Capital has entered a strategic partnership with Sightline Solutions, a custom window and door design consultant headquartered in Aspen, Colorado. Raincatcher advised Sightline on the transaction, which provides the company with capital and strategic support to expand its leadership in the ultra-luxury residential fenestration market nationwide.

CFS Technologies, a portfolio company of Union Park Capital, has acquired Meritech Systems, a Colorado-based manufacturer of automated hygiene and sanitation systems. The acquisition brings Meritech into the CFS platform (which includes Knight Equipment, Lafferty Equipment and Lavo Solutions) and names former Meritech CEO David Duran as CEO of CFS to accelerate growth across food processing and other hygiene-critical industries.

DigiCert, backed by Clearlake Capital, Crosspoint Capital and TA Associates, has acquired Valimail, a leading provider of zero trust email authentication and DMARC-as-a-service. The deal adds email authentication capabilities to the DigiCert ONE platform, expands DigiCert into the $4B+ paid DMARC market, and brings Valimail's FedRAMP-authorized, cloud-native solutions and ~92,000 clients under DigiCert's digital trust portfolio.

Ntracts, a healthcare-focused contract lifecycle management and GRC software provider, has acquired MCN Solutions, a long-established provider of healthcare policy management, regulatory alerts and compliance training. The deal expands Ntracts’ capabilities by adding MCN’s policy library, StayAlert regulatory monitoring and LMS content to create a unified platform for healthcare contracting, policy management and training; terms were not disclosed.

BWT Logistics, a portfolio company of Argosy Private Equity and Bluejay Capital Partners, has acquired RAZR Logistics from parent Johnson Storage & Moving. The acquisition expands BWT's dedicated logistics, on-demand warehousing capabilities and warehouse network, adding RAZR's more than 500 corporate customers; terms were not disclosed.

Bow River Capital’s Software Growth Equity Team made a significant growth equity investment and majority recapitalization in meQuilibrium and concurrently merged its portfolio company, RippleWorx, into meQ. The transaction combines meQ’s workforce resilience and mental-health platform with RippleWorx’s talent-development and AI-driven people analytics to accelerate product capability, global scale, and go-to-market in HCM SaaS.

Bow River Capital's Software Growth Equity Team has completed a majority recapitalization of meQuilibrium, merging the company with RippleWorx to create a market-leading human capital management firm focused on workforce mental health and performance. The combined business will be dual‑headquartered in Denver and Boston, with meQuilibrium founder Jan Bruce leading and RippleWorx CEO Steve Foster serving as Chairman and Head of Revenue Growth.

Rainier Partners, a Seattle-based private equity firm, has acquired Kleen-Tech Services, a Denver-founded national janitorial and facilities services provider operating across more than 30 states with approximately 2,000 employees. Under Rainier's ownership, Kleen-Tech will pursue organic growth and strategic M&A while leveraging Rainier's SUMMIT value creation process; Piper Sandler advised Rainier and G2 Capital Advisors advised Kleen-Tech on the transaction.

Flexential, a U.S.-based data center and colocation provider, raised additional primary equity via a continuation vehicle and strategic investment led by GI Partners’ GI Data Infrastructure team with participation from funds managed by Hamilton Lane. Combined with prior funding from Morgan Stanley Infrastructure Partners, Flexential’s total primary equity raised reaches roughly $1 billion to accelerate site acquisition, secure power commitments, and advance over 110 MW of data center projects while scaling its FlexAnywhere platform.

Denver-based bootseller Freebird was sold out of receivership to Yasser Elshair of Arizona’s Elshair Cos. Judge Jill Dorancy approved the $500,000 sale after a court-appointed receiver closed most stores; Elshair plans to reopen select Freebird retail locations and revive the e-commerce business. The company had been run by receiver Ampleo amid heavy debts and a planned liquidation.

RMH Systems has acquired Complete Solution Robotics (CSR), a Loveland, Colorado-based robotics and automation solutions provider, marking RMH's first add-on since partnering with private equity firm Rotunda Capital Partners. CSR founder Mike W. Olson will remain to lead RMH's robotics division; the deal expands RMH's engineering capabilities and regional footprint across the Mountain West while integrating RMH's material handling and packaging offerings into CSR's customer base.

PSTrax, a Littleton, Colorado–based SaaS platform for inventory and asset management used by fire, EMS, law enforcement and military agencies, received a strategic growth investment from Level Equity with Growth Street Partners remaining as a minority investor. The capital will accelerate PSTrax's product development roadmap, deepen integrations, and expand the company's reach across first responder and public safety customers.

Milwaukee-based Roofed Right America (RRA), a PE-backed commercial roofing platform, has acquired B&M Roofing of Colorado, a Frederick, Colorado-based commercial reroofing and architectural metal roofing contractor. The transaction is an add-on to the RRA platform (backed by Great Range Capital) intended to accelerate organic growth and expand RRA's footprint and capabilities in Colorado and nearby states.