Private Equity-Backed Acquisitions in Nevada

Sound Growth Partners (SGP) acquired Sports Attack, LLC, a Verdi, Nevada-based manufacturer of high-velocity sports training equipment, on December 15, 2025. SGP and unnamed co-investors provided all capital via SGP's One-Stop Buyout structure and plan to partner with Sports Attack to build on its reputation for quality and innovation in the baseball, softball, volleyball and football training markets.

Indus Growth Fund (through its investors) has completed a majority, strategic investment in Vitalwerks Internet Solutions, LLC d/b/a No-IP, a provider of Dynamic DNS, Managed DNS, and remote access solutions. Suchit Rout (Founding Managing Partner of Indus Growth Fund) will assume the role of CEO while founder Dan Durrer moves to Founder & CTO, with additional support from investors including Relay Investments.

Nwestco, a distributor and service provider of fueling, car-wash and EV-charging infrastructure and a portfolio company of Guardian Capital Partners, has acquired IDECO-NV, a regional service, maintenance, compliance, and testing provider for petroleum equipment headquartered in Las Vegas. The deal, advised on the sell-side by Infinity Capital Partners, expands Nwestco's technician capacity and strengthens its presence across the Intermountain / Western U.S. as the sixth add-on under Guardian's ownership.

BioMatrix Infusion Pharmacy has acquired Total Infusion Care, a Henderson, Nevada-based provider of home and ambulatory infusion services, in a deal that closed November 7, 2025. The acquisition expands BioMatrix's western U.S. footprint by adding TIC's 12-chair ambulatory infusion suite, specialty pharmacy capabilities and established provider referral network.

ATIS, a St. Louis-based provider of elevator and escalator inspections and consulting (backed by Thompson Street Capital Partners), has acquired Technical Inspection Agency USA (TIA USA), a Las Vegas–headquartered provider of vertical transportation inspections and consulting serving Nevada and Arizona. The deal expands ATIS’ national footprint and technical capabilities in complex vertical transportation systems; terms were not disclosed.

CERTUS Pest has acquired EcoGen Pest Control, a Las Vegas-based pest control company, strengthening CERTUS' presence in the Southern Nevada market where it already operates brands such as Evolve Pest Control and Las Vegas Pest Control. EcoGen’s brand and local leadership and staff will remain in place, and the deal provides customers access to a broader range of services; The Potomac Company acted as exclusive financial advisor to EcoGen during the transaction.

Integrated Diagnostic Services (IDS), a mobile imaging platform backed by HCAP Partners, has acquired Community of Nevada Diagnostics, a provider of mobile X-ray, ultrasound, EKG and echocardiogram services across the Las Vegas and Reno markets. The deal is an add-on acquisition that expands IDS’s regional footprint serving skilled nursing, long-term care, and home health providers in Nevada; terms were not disclosed.

Trucordia, a top-20 U.S. insurance brokerage headquartered in Lindon, Utah, has acquired the Vegas Valley Benefit Plans business, a Las Vegas-based provider of employee benefits and insurance solutions. The acquisition strengthens Trucordia’s presence in the Southwest and expands its specialized benefits capabilities while giving the Vegas Valley team access to Trucordia’s resources and national platform.

Chicago-based private equity firm GTCR has made a majority investment in Clear Capital, a Reno, Nevada–headquartered real estate analytics, valuation technology and data solutions provider; Clear Capital's co-founder and CEO Duane Andrews retains a substantial equity stake. GTCR will partner with management to expand Clear Capital's valuation and data offerings, invest in technology and accelerate M&A activity, including integration of its CubiCasa digital floor-plan product. Financial and legal advisors to the deal included Wells Fargo, Houlihan Lokey and Simpson Thacher & Bartlett for GTCR, and American Discovery Capital and O'Melveny & Myers for Clear Capital.

APPLIED Adhesives has completed the acquisitions of BTmix and HG Adhesive Dispensing, both based in Carson City, Nevada, to expand its parts, consumables and fluid-dispensing equipment capabilities. The deals strengthen APPLIED's manufacturing and advanced dispensing offerings across end markets including automotive, aerospace and construction; the transactions are supported by APPLIED's sponsor, Bertram Capital.

Funds managed by affiliates of Apollo Global Management completed the acquisition of International Game Technology PLC’s Gaming & Digital business from Brightstar Lottery (formerly IGT). Brightstar received approximately $4.0 billion of net cash proceeds, which it will use to reduce near-term debt, return $1.1 billion to shareholders (a $3.00 per-share special dividend plus a $500 million repurchase authorization), and fund other corporate priorities; Brightstar will continue to trade as Brightstar Lottery (BRSL).

Nexus IT, in partnership with Diatonic Healthcare and backed by a $60 million growth facility from Metropolitan Partners Group, has acquired BluePeak Technology Solutions, a managed IT services provider based in Reno, Nevada. The add-on expands Nexus IT’s national MSP/MSSP platform, strengthening its presence and capabilities in the Western U.S. and in regulated end markets such as healthcare and finance.

Argosy Private Equity has acquired a controlling interest in Heavy Equipment Colleges of America (HEC), a nationally accredited provider of heavy equipment, crane, directional drilling, and HVAC training with multiple campuses across the U.S. Argosy plans to professionalize HEC's operations, invest in digital integration, expand training programs, and pursue add-on acquisitions to scale the platform.

CERTUS Pest has acquired Evolve Pest Control, extending CERTUS' coverage across Northwest Arizona, Southeast Nevada and Southwest Utah and strengthening its presence in the Greater Las Vegas metropolitan area. Evolve will continue operating under its brand while gaining access to CERTUS' broader service offerings, including termite control and prevention.

TurboTenant, a PE-backed rental property management platform, has acquired Azibo, a financial services platform for rental properties. The acquisition will integrate Azibo's rent collection and landlord financial tools into TurboTenant's all-in-one SaaS platform to provide expanded capabilities to landlords and real estate investors across the United States.

Manufacturing Revitalization Corporation of America (MRCA) has formed a new consumer product manufacturing division and acquired three direct-to-consumer brands — Semi Exact, Subpod and Hungry Bin — to be produced in MRCA facilities. Elton Rivas (founder of Semi Exact) was appointed to lead the new business unit as MRCA seeks to scale U.S.-based manufacturing for both B2B and DTC customers and support near-shoring opportunities.

Blue Point Capital Partners, together with its portfolio company Local Crafts Group, has acquired Jimmy Beans Wool, a Reno-based retailer and distributor of yarn, knitting patterns, tools and accessories. The deal brings Jimmy Beans' boutique yarn lines and acquired brands into Local Crafts' platform, strengthening distribution, manufacturing capabilities and support for independent yarn stores across the U.S. and Canada.

The Visualize Group has agreed to acquire BMM Testlabs, a global provider of testing, inspection, compliance, and certification (TICC) services for the regulated gaming industry. BMM CEO Martin Storm will retain a significant stake and continue leading the business as Visualize plans to invest in organic and inorganic growth to accelerate global expansion.

Loenbro, a Westminster, Colorado-based lifecycle infrastructure services provider backed by Braemont Capital, has acquired Stewart Electric, a Nevada-based electrical services firm focused on the data center market. The add-on acquisition strengthens Loenbro’s mission-critical electrical capabilities and expands its geographic footprint into Stewart’s southeastern U.S. data center markets; financial terms were not disclosed.

Big 7 Ventures, a private equity firm, has acquired Modern Concrete Inc., a ready-mix/volumetric concrete specialist headquartered in Elko, Nevada. Modern Concrete will continue to operate under founder and President Scott Reutner as Big 7 supports the company's growth and expansion into new markets across the Western United States.

Airtron Heating & Air Conditioning, a portfolio company of Gamut Capital Management, has acquired Sierra Air Conditioning, Inc., Sierra Air Conditioning of Idaho LLC, and Silverado Mechanical LLC to expand its HVAC installation capabilities into Nevada and Idaho. The acquisition creates a national HVAC installation platform focused on the single-family residential new construction (RNC) channel; financial terms were not disclosed.

Flokk, a Triton portfolio company and leading European office-seating manufacturer, has acquired US-based Via Seating from Groupe Lacasse. The deal adds Via Seating (headquartered in Reno, Nevada, ~150 employees) to Flokk's brand portfolio as part of its ongoing US buy-and-build strategy to strengthen its North American presence.

Bristol Hospice, a Webster Equity Partners–backed hospice operator, has acquired St. Agatha Comfort Care in Las Vegas for an undisclosed amount. The deal brings the small, community-focused hospice led by Alfred Esquerra into Bristol’s platform as part of its continued geographic expansion and add-on growth strategy in the hospice space.

Tecta America, the national commercial roofing leader based in Rosemont, Illinois, has acquired Alpine Roofing, a longstanding commercial roofing contractor headquartered in Sparks, Nevada. Alpine's management team, including President Joseph Coyne, will remain in place and the business will operate as Alpine Roofing, a Tecta America Company, expanding Tecta's footprint in northern Nevada and northern California.

CERTUS Pest has acquired the Las Vegas branch of Green Wave Pest Solutions and will integrate it into its Las Vegas Pest Control (LVPC) brand. The deal strengthens CERTUS' presence in the Las Vegas market and gives Green Wave customers access to CERTUS' broader service offering, including termite control and prevention.

Gladstone Investment Corporation partnered with Scott Dunlop and Pyrotek’s executive management to acquire Pyrotek Special Effects on November 22, 2024, providing equity and senior secured debt to complete the transaction. Pyrotek, headquartered in Las Vegas, Nevada, is a provider of special effects and event production services for live entertainment and will continue to be led by CEO Scott Dunlop.

Truelink Capital has acquired GES, the global exhibition and event business, from Viad Corp in a transaction that closed Dec. 31, 2024. The divestiture separates GES from Viad so Viad can relaunch as Pursuit, while Truelink intends to operate GES as a standalone platform to invest in capabilities, technology and international expansion.

Hello Cake, a Los Angeles-based sexual wellness brand, has acquired Trigg Laboratories, Inc., the manufacturer behind the Wet brand, to vertically integrate manufacturing and accelerate product innovation. The acquisition coincides with an $18 million Series B round led by Silas Capital and Strand Equity (with participation from AF Ventures), which will support Hello Cake's retail and Amazon expansion.

Chimney Rock Equity Partners has made a strategic growth investment in 3G Productions LLC to support the Las Vegas-based live event production and systems-integration firm’s expansion into a national platform. Management and existing owners are reinvesting and will remain in place as Chimney Rock provides capital and resources to pursue organic growth and acquisitions.

LongueVue Capital-backed Pinnacle Clinical Research has acquired Jubilee Clinical Research, a Las Vegas-based multi-therapeutic clinical trial site focused on metabolic and cardiovascular indications. The add-on expands Pinnacle's West Coast footprint and therapeutic expertise; Jubilee's founder Dr. Elliot Shin will continue to lead the site within the Pinnacle network.

Thermogenics, a North American boiler lifecycle solutions provider headquartered in Aurora, Ontario, has acquired Pyro Combustion & Controls Inc., a Las Vegas–based boiler service company. The transaction expands Thermogenics' U.S. Southwest footprint and adds local combustion, controls, piping and 24/7 service capabilities to its platform while Pyro will continue to operate under its current name.

OneDigital has acquired Dillon Health, a Reno, Nevada-based benefits firm founded by Michael F. Dillon that specializes in Association Health Plans and large-group consortium programs. The small team of nine represents over 2,600 employer clients; the acquisition expands OneDigital's Mountain West presence and adds local capabilities and client relationships in Nevada.

Qualified Digital, a full-service digital business and experience agency, received an equity investment from private equity firm Stella Point Capital to accelerate growth and expand its customer experience, data, content and marketing-technology capabilities. The founder and leadership team will remain in place as the partnership supports QD’s strategy-first approach and continued expansion across healthcare and enterprise client work.

Affiliates of Brightstar Capital Partners signed a definitive agreement to acquire PlayAGS, Inc. (NYSE: AGS) for $12.50 per share, valuing the transaction at approximately $1.1 billion. The transaction, approved by AGS stockholders and completed June 30, 2025, takes AGS private and is intended to support targeted investments in R&D, operations, and global expansion.

Trivest Partners, a middle-market private equity firm, has made a strategic capital investment in Province, a Las Vegas–based restructuring and financial advisory firm. The investment will support Province's growth plans, expand its market share and capabilities, and accelerate geographic expansion into existing and new markets.

Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Silver State Refrigeration & HVAC, a Las Vegas-area commercial HVAC, refrigeration and plumbing services provider founded in 2003. The transaction establishes Silver State as a platform for a new buy-and-build initiative in commercial facility services, with Edgewater partnering with management to accelerate growth through add-on acquisitions.

B&R Auto, a Corvallis-based portfolio company of Highview Capital, has acquired Reno Auto Wrecking, the largest full-service auto dismantler in Northern Nevada. The add-on strengthens B&R’s Nevada presence and delivery network, expanding product selection and service for collision repair shops and DIY customers in the region.

BharCap Partners has closed the acquisition of Insurvia, an insurance services holding company that operates Fiesta Insurance and La Familia Insurance. Gemspring Capital and management were the selling shareholders; financial terms were not disclosed. BharCap said the deal expands its insurance distribution platform focused on non-standard auto insurance and underserved Hispanic consumers.

RMA Companies, a portfolio company of OceanSound Partners, has acquired Black Eagle Consulting, a Reno- and Carson City–based provider of geotechnical engineering, construction materials testing, inspection, and non-destructive examination services. The add-on deal expands RMA's regional footprint and laboratory/non-destructive examination capabilities in Nevada to better serve public agencies, utilities, mining, engineering firms, contractors, and developers.

RIP-IT, a Gauge Capital–backed sports equipment brand focused on female athletes, has acquired Tachikara USA, a long-standing volleyball equipment maker, effective January 3. The deal expands RIP-IT’s volleyball product portfolio and leverages Tachikara’s legacy in volleyball balls and equipment to accelerate growth in the volleyball market.

Alcami Corporation has completed the acquisition of Pacific Pharmaceutical Services, Inc. (PPS), a Reno-based cGMP pharmaceutical storage and clinical-support provider. The deal expands Alcami’s pharma storage and services footprint to the U.S. West Coast, enabling bicoastal coverage and enhanced support for pre-clinical and early clinical trial material management.

Savory Fund has made a growth investment in Houston TX Hot Chicken (also referred to as Houston’s Hot Chicken), marking the private equity firm’s 11th portfolio brand. Savory plans to help scale the fast-casual Nashville hot chicken concept through a mix of corporate and franchised openings across existing and new U.S. markets.

GEF Capital Partners has completed a growth capital investment in Polargy, Inc., a designer and manufacturer of data center airflow and energy-efficiency infrastructure solutions. The existing executive team will remain in place and the investment will support capacity expansion, product development and entry into new geographic markets; FMI Capital Advisors served as Polargy's exclusive financial advisor.

uAvionix Corporation has acquired Iris Automation, combining uAvionix's communications, navigation and surveillance (CNS) capabilities with Iris Automation's computer vision-based Detect and Avoid (DAA) systems. The deal strengthens uAvionix's ability to offer a multi-layered safety architecture for crewed and uncrewed aircraft and includes a leadership change with Jon Damush (former Iris CEO) named CEO of uAvionix.

Jogan Inc., a venture capital holding company based in Englewood, Colorado, has acquired emergency management firm All Hands Consulting (AHC). The deal brings AHC into Jogan’s portfolio to expand its emergency management, resiliency, and consulting capabilities and to support growth alongside Jogan’s existing healthcare and transportation businesses.

XFS Global, LLC — a newly formed SDVOSB backed by Lake Country Capital — has acquired the assets of Creative Tent International, LLC and relocated the manufacturing operation from Las Vegas, Nevada to Natural Bridge Station, Virginia. The deal expands XFS Global's manufacturing footprint and capabilities (including RF welding, sewing/cutting, metal fabrication and kitting) and places Creative Tent's leadership team in charge of the new company.

Crescendo Capital Partners completed a majority recapitalization of Nevada Drywall, Stucco & Stone Inc. (NDSS) on September 15, 2023, with Stonehenge Capital providing senior debt and equity co-investment. NDSS principals (including co-owner Marc Garrick) retain equity and remain in leadership; GulfStar Group served as exclusive financial advisor to NDSS.

Arcadea Group, a long-hold, growth-oriented SaaS investor, has made a majority strategic growth investment in Flight Vector, a provider of dispatch, fleet and operations software for air and ground transport customers. The deal will support accelerated product development, expanded services and international growth while Flight Vector’s founder and CEO, Scot Cromer, remains in place with a meaningful equity stake.

Endeavor Fire Protection, a platform company sponsored by Building Industry Partners (BIP), has acquired High Sierra Fire Protection, a Reno-based fire protection contractor that serves Nevada and California. The deal expands Endeavor's geographic footprint and service capabilities in the Western U.S., particularly across the Greater Reno–Tahoe market and into key end markets such as data centers, industrial, and healthcare.

Sound Partners and Calico Group have jointly acquired Tradewinds Mechanical, LLC, a Las Vegas–based commercial HVAC‑R services company, and have combined it with acquisitions of S&R Air Conditioning (Los Angeles) and Climate Specialists (Austin) to form The Mechanical Group. The investors plan to grow a Southwest HVAC‑R platform, retain existing operating teams (with Steven Brayet serving as President and Matt Shaw as COO), and continue expanding service offerings; financial terms were not disclosed.