Private Equity-Backed Acquisitions in Utah

Tracked deals

323

323 tracked deals across 2005-2026.

Buyer mix

Mixed buyer set

335 pe · 153 strategic

Top trend

Volume peaked in 2021

69 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 Utah →
Buyer # Deals Focus Type
TA Associates 9 Global growth private equity firm investing in profitable... PE
Clearlake Capital Group, L.P. 6 Sector-focused private investment firm that partners with... PE
Leeds Equity Partners 4 New York–based private equity firm focused on investments... PE
Trilantic North America 4 Growth-focused middle-market private equity firm focused ... PE
Argosy Private Equity 3 Lower middle-market private equity firm focused on invest... PE
EP Wealth Advisors, LLC 3 Fee-only registered investment adviser and financial plan... Strategic (PE-backed)
Heartwood Partners 3 Middle-market private equity firm focused on founder- and... PE
KKR 3 Global investment firm managing private equity, credit an... PE
Knox Lane 3 Growth‑oriented investment firm focused on partnering wit... PE
L Catterton 3 Large consumer-focused private equity firm investing in c... PE

Acquisition Volume in Private Equity-Backed in Utah by Year

Last 8 years

Acquisition volume by year Annual acquisition counts for the last 8 years for Private Equity-Backed Acquisitions in Utah. 20 2019 39 2020 69 2021 50 2022 39 2023 49 2024 41 2025 ~25 est. 13 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    CVC Capital Partners
    Target
    Chess.com
    Industry
    Cloud & SaaS

    CVC Capital Partners IX agreed to invest in Chess.com, the world’s largest online chess platform, alongside longtime shareholder General Atlantic. Terms were not disclosed, and the investors said the partnership aims to improve the platform and expand Chess.com’s global presence.

  • Buyer
    PremiStar, Partners Group
    Target
    Mechanical Service & Systems
    Seller
    Mechanical Service & Systems
    Industry
    IT Services
    Type
    Buyout

    PremiStar, a portfolio company of Partners Group, acquired Mechanical Service & Systems (MSS), a Utah-based mechanical services and installation contractor specializing in HVAC, plumbing, and building automation. D.A. Davidson served as exclusive financial advisor to MSS on the transaction.

  • Buyer
    TA Associates
    Target
    Govineer Solutions
    Seller
    Peterson Partners
    Industry
    Cloud & SaaS

    Govineer Solutions, a provider of software and payments for local governments, announced a strategic growth investment from TA Associates to accelerate its evolution into an AI-powered operating system for municipalities. Upon transaction completion, Peterson Partners will fully exit its stake while Govineer management and employees retain meaningful ownership. The deal is expected to close in Q2 2026, subject to customary closing conditions.

  • Buyer
    Energy Capital Partners (ECP)
    Target
    EnergySolutions
    Seller
    TriArtisan Capital Advisors LLC
    Industry
    Energy
    Type
    Buyout

    Energy Capital Partners (ECP) announced a definitive agreement to acquire EnergySolutions, a nuclear lifecycle services provider, from TriArtisan Capital Advisors. The deal is expected to close in 2026 and is subject to customary regulatory approvals. Financial terms were not disclosed in the main announcement.

  • Buyer
    Pave America, LLC
    Target
    Ridge Rock, Inc.
    Type
    Buyout

    Pave America, LLC acquired Ridge Rock, Inc., a Salt Lake City-based pavement repair and maintenance provider. The deal expands Pave America’s footprint in the Mountain West and strengthens its ability to serve commercial and municipal customers in the region.

  • Buyer
    Court Square Capital Partners
    Target
    CallTower
    Seller
    BV Investment Partners
    Industry
    IT Services
    Type
    Buyout

    Court Square Capital Partners acquired a majority stake in CallTower, a global managed cloud communications and contact center solutions provider. The deal purchases CallTower from BV Investment Partners, which acquired a majority stake in 2023; CallTower management and BV retain minority stakes.

  • Buyer
    Synergy Sports Capital
    Target
    LOVB Salt Lake, League One Volleyball (LOVB)
    Seller
    Salt Lake ownership group
    Type
    Buyout

    Synergy Sports Capital, a $150 million control-focused private equity fund led by former NFL players Terrence C. Murphy Sr. and Reggie Bush, made a strategic investment in League One Volleyball to acquire operating rights for LOVB Salt Lake. Synergy will assume operating rights for the Salt Lake team and plans to expand resources while deepening ties to the local volleyball community.

  • Buyer
    Green Courte Partners
    Target
    Park n' Jet
    Seller
    Dalton family
    Industry
    Transportation
    Type
    Buyout

    Green Courte Partners, through Green Courte Real Estate Partners IV, acquired Park n' Jet, a near-airport parking operator serving Salt Lake City International Airport. Park n' Jet was previously leased and operated from an adjacent site owned by the fund, and Green Courte plans to consolidate the two neighboring parking properties into an integrated facility with approximately 4,400 spaces across more than 40 acres.

  • Buyer
    Solen Software Group
    Target
    Trackit LLC
    Industry
    Cloud & SaaS
    Type
    Buyout

    Solen Software Group acquired Trackit LLC, a provider of transit-specific cloud-based SaaS that helps public transportation agencies manage safety and compliance while enabling cross-department collaboration. The transaction closed in February 2026, and Trackit Transit will continue operating with autonomy under Solen’s long-term ownership model.

  • Buyer
    The Cynosure Group, Clyde Capital Group (a subsidiary of Clyde Companies)
    Target
    Utah Development and Construction (UDC)
    Industry
    Real Estate
    Type
    Buyout

    The Cynosure Group acquired Park City-based Utah Development and Construction (UDC) to create a new development platform jointly owned by Clyde Capital Group and Cynosure Elevations, Cynosure’s real estate investment division. The joint venture will focus on developing hospitality and mixed-use projects in premier resort markets across the Intermountain West.

  • Buyer
    The Riverside Company
    Target
    Western Botanicals
    Industry
    Food & Beverage

    The Riverside Company has made a growth investment in Western Botanicals, a Spanish Fork, Utah-based contract development and manufacturing organization (CDMO) of vitamins, minerals and supplements. Riverside will partner with management — which retains a meaningful ownership stake — to support organic growth, expand product and format capabilities, and pursue an M&A strategy to broaden Western Botanicals' capabilities.

  • Buyer
    Pavement Preservation Group, Inc., The Sterling Group
    Target
    Holbrook Asphalt, LLC, Integrated Pavement Solutions, LLC
    Type
    Addon

    Pavement Preservation Group (PPG), a portfolio company of The Sterling Group, acquired Holbrook Asphalt, LLC and Integrated Pavement Solutions, LLC to expand its national pavement preservation platform. The deal broadens PPG’s geographic footprint across the Intermountain West, Southwest and Southern United States and adds IPS’s HA5 product line and related preservation capabilities to the platform.

  • January 12, 2026
    Buyer
    Zelis
    Target
    Rivet
    Industry
    Data & Analytics
    Type
    Buyout

    Zelis, a Boston-based healthcare payments technology company, has acquired Rivet, an AI-enabled revenue cycle analytics provider. The acquisition brings Rivet's analytics and dashboards into Zelis' platform to improve claims payment transparency, reduce denials and administrative burden for providers, and enhance payer-provider collaboration.

  • Buyer
    TPG
    Target
    Conservice
    Seller
    TA Associates, Advent International
    Industry
    IT Services
    Type
    Buyout

    TPG signed a definitive agreement to acquire a majority stake in Conservice, a tech-enabled utility management platform serving the U.S. property management industry. Advent International will retain a significant minority stake, while TA Associates will fully exit its stake; the deal is expected to close in the first quarter of 2026, subject to customary approvals.

  • Buyer
    Snapdragon Capital Partners, LLC, Funds managed by Strategic Value Partners, LLC (SVP)
    Target
    Better Being Co.
    Seller
    HGGC, LLC
    Type
    Buyout

    A syndicate of global investors led by Snapdragon Capital Partners, with financing provided by funds managed by Strategic Value Partners (SVP), has acquired Better Being Co. HGGC has sold its remaining stake and exited the business after an eight-year partnership; the new investors committed a financial reserve to support near-term acquisitions to expand Better Being's brand portfolio and global reach. Better Being, a vertically integrated manufacturer and marketer of dietary supplements and personal care brands (including Solaray and Zhou Nutrition), is headquartered in Utah and employs nearly one thousand people.

  • Buyer
    Jensen Hughes, Gryphon Investors
    Target
    Safety Management Services, Inc.
    Type
    Addon

    Jensen Hughes, a Gryphon Investors-backed global engineering and consulting firm, has acquired Safety Management Services, Inc. (SMS), an energetic materials and process safety engineering and testing firm headquartered in West Jordan, Utah. The deal expands Jensen Hughes' capabilities in process safety, energetic materials testing and related risk-management services and will be integrated into its broader global platform.

  • Buyer
    SEVA Growth LP
    Target
    Pronto
    Industry
    Cloud & SaaS

    Pronto, a Lehi, Utah–based secure, mobile-first team communications platform, received a significant minority growth investment from SEVA Growth LP. The capital will be used to accelerate sales, expand Pronto's customer footprint, and develop new product functionality and integrations; SEVA founder Shalin Mehta will join Pronto's board.

  • Buyer
    Smith Ventures LLC, CommerceOne Financial Corporation
    Target
    Green Dot Corporation (non-bank fintech assets and operations), Green Dot Bank
    Seller
    Green Dot Corporation
    Type
    Buyout

    Green Dot Corporation entered into agreements under which Smith Ventures will acquire and privatize Green Dot’s non-bank fintech business and operate it as an independent fintech/embedded finance company. In parallel, CommerceOne will acquire Green Dot Bank and form a new publicly traded bank holding company with CommerceOne Bank and Green Dot Bank, expected to close in 2026 (Q2 originally, later Q3).

  • Buyer
    Any Hour Group, LLC, Knox Lane
    Target
    Lee's Plumbing, Inc.
    Seller
    Lee Draper
    Type
    Addon

    Any Hour Group, LLC has entered into a definitive agreement to acquire Lee's Plumbing, Inc., a residential plumbing services provider in northern Utah and southern Idaho. The parties did not disclose the transaction terms. Lee Draper will continue leading Lee's Plumbing under the existing brand.

  • Buyer
    Apex Companies, LLC
    Target
    Forsgren Associates, Inc.
    Type
    Addon

    Apex Companies, LLC has acquired Forsgren Associates, Inc., a multi-discipline civil engineering, environmental sciences, and land surveying firm serving the Intermountain West. The deal adds deep engineering capabilities and expands Apex's operational presence across the Rockies and Pacific Northwest as Forsgren will operate as Forsgren, an Apex Company.

  • Buyer
    Twin Star Home, Z Capital Group
    Target
    Walker Edison
    Type
    Addon

    Twin Star Home, a Z Capital Group-backed omnichannel home furnishings platform, acquired Walker Edison’s assets after Walker Edison filed for Chapter 11 and Twin Star emerged as the successful bidder in a court‑supervised auction. The deal will integrate Walker Edison’s e-commerce capability and design pipeline into Twin Star Home to expand omnichannel reach, sourcing, and distribution across multiple product categories.

  • Buyer
    Insight Partners, Accel, Halo Fund, Meritech, StepStone, Run Ventures, Album Ventures
    Target
    Filevine
    Industry
    Cloud & SaaS

    Filevine, a Salt Lake City–based legal operating intelligence SaaS provider, raised $400 million in an all-equity growth financing led by Insight Partners with Accel and Halo Fund co-leading and participation from Meritech, StepStone, Run Ventures and Album Ventures. The new capital will be used to scale Filevine’s product, deepen AI capabilities, and accelerate go-to-market expansion across law firms, government agencies and enterprise legal teams.

  • Buyer
    Accel‑KKR
    Target
    Arbiter
    Seller
    Serent Capital
    Industry
    Software

    Accel‑KKR has acquired a majority stake in Arbiter, a Sandy, Utah‑based provider of athletic and school operations management software. Serent Capital, which partnered with Arbiter in 2017, will retain a minority equity position; the investment is intended to accelerate product innovation, expanded services, and scale across the K‑12 and youth sports market.

  • Buyer
    Amplēo
    Target
    Avalaunch Media
    Type
    Addon

    Amplēo, a Lehi, Utah-based provider of fractional finance, marketing and HR services backed by private equity, has acquired Avalaunch Media, a Utah-based digital marketing agency known for SEO, paid media, content and fractional CMO services. Avalaunch's leadership will remain in place, with cofounder David Mink serving as president of Amplēo Marketing as the combined business expands Amplēo's embedded marketing capabilities for SMB and scaling clients.

  • Buyer
    Rockwood Equity Partners
    Target
    ZERO Manufacturing
    Industry
    Manufacturing
    Type
    Buyout

    Rockwood Equity Partners has acquired ZERO Manufacturing, a designer and manufacturer of aluminum and molded-plastic protective cases, enclosures, components and sub-assemblies. Rockwood will partner with ZERO's leadership to expand production capabilities, pursue strategic add-on acquisitions, and drive growth across ZERO's end markets including aerospace, medical, industrial, energy, logistics and datacom.

  • Buyer
    Platte River Equity
    Target
    Chemtech-Ford Laboratories
    Type
    Buyout

    Platte River Equity, a Denver-based private equity firm, has acquired Chemtech-Ford Laboratories (Chemtech), an environmental and analytical testing provider based in Sandy, Utah. Platte River said it will use Chemtech as a foundation to build a platform in environmental testing—investing in capabilities and expanding the company's footprint to serve municipal, industrial, and government clients.

  • Buyer
    Thorpe Specialty Services, KLH Capital
    Target
    Streamline Industrial Services, LLC
    Type
    Addon

    Thorpe Specialty Services, a KLH Capital–backed industrial services platform, has acquired Streamline Industrial Services, LLC of Salt Lake City, Utah. The add-on expands Thorpe’s geographic footprint into the Mountain West and specialty minerals & mining end market while adding refractory, corrosion, fireproofing, specialty coatings, and mechanical capabilities to its service offering.

  • Buyer
    Nwestco, LLC, Guardian Capital Partners
    Target
    Petro West
    Type
    Addon

    Nwestco, a Denver-based provider of fuel and car wash equipment and services owned by Guardian Capital Partners, has acquired Petro West, a fuel services and equipment provider serving Utah, Nevada and Arizona. The deal closed July 31, 2025 with terms not disclosed and is intended to expand Nwestco's presence and capabilities in the Intermountain region.

  • Buyer
    Gridiron Capital
    Target
    Greenix
    Seller
    Riata Capital Group
    Type
    Buyout

    Gridiron Capital has acquired Greenix, a leading independent eco-conscious residential pest control company headquartered in Orem, Utah. The acquisition from Riata Capital Group will expand Gridiron's residential services platform and support Greenix's continued geographic growth and M&A-driven expansion across North America.

  • Buyer
    PSG, Album
    Target
    HeroDevs
    Industry
    Cybersecurity

    HeroDevs raised $125 million in a strategic growth investment led by PSG with participation from existing investor Album. The funding will be used to expand HeroDevs' Never-Ending Support solutions and includes a $20 million commitment to an Open Source Sustainability Fund to support end-of-life open-source projects.

  • Buyer
    Bain Capital North American Private Equity, BCPE Flavor Debt Merger Sub, LLC, BCPE Flavor Issuer, Inc.
    Target
    Sizzling Platter, LLC
    Seller
    CapitalSpring
    Type
    Buyout

    Sizzling Platter, LLC partnered with Bain Capital North American Private Equity to accelerate its expansion. Bain Capital Private Equity is acquiring Sizzling Platter from CapitalSpring, with financing that includes a $500 million senior secured notes offering expected to close on July 2, 2025.

  • Buyer
    Banneker Partners
    Target
    Kuali
    Industry
    Software

    Banneker Partners has made a growth investment in Kuali to accelerate the company's platform strategy and expand its suite of higher-education software solutions. The capital will support Kuali's product roadmap across research, academics, operations, and finance while enabling continued service to its more than 230 institutional customers.

  • Buyer
    CenterOak Partners LLC
    Target
    NOW CFO
    Industry
    Accounting & Tax

    CenterOak Partners, a Dallas-based private equity firm, has completed a majority recapitalization of NOW CFO, a Salt Lake City-based provider of outsourced finance and accounting services focused on SMB clients. CenterOak will support NOW CFO's growth by investing in technology, business development and client engagement and by expanding the company's geographic reach and service offerings; terms were not disclosed.

  • Buyer
    Unity Partners LP, Brooks Growth Partners, Amplēo management
    Target
    Amplēo

    Unity Partners, a Dallas-based private equity firm, completed a strategic growth investment in Amplēo, a Lehi/Salt Lake City-area provider of fractional finance, marketing and HR managed professional services. Amplēo management and Brooks Growth Partners partnered in the transaction; terms were not disclosed. Unity said it will support Amplēo’s M&A-driven platform build, technology and people investments and launch an employee purpose/ownership plan.

  • Buyer
    Averra Holdings, LLC (Averra Packaging), Banner Capital Management
    Target
    ZIEN Medical Technologies
    Industry
    Medical Devices
    Type
    Addon

    Averra Holdings, a portfolio company of Banner Capital, has announced a partnership to bring ZIEN Medical Technologies into the Averra family. ZIEN, a Salt Lake City–based medical device contract design & manufacturing organization, will integrate with Averra to expand turnkey packaging design, manufacturing, sterilization and regulatory capabilities; terms were undisclosed.

  • Buyer
    Metropolitan Partners Group, Diatonic Healthcare
    Target
    Nexus IT
    Industry
    IT Services

    Metropolitan Partners Group committed $60 million to Nexus IT, a Salt Lake City–based managed services and cybersecurity provider, in partnership with Diatonic Healthcare. The capital will be used to accelerate Nexus IT’s nationwide expansion via founder-led, values-aligned acquisitions of culturally compatible MSPs and MSSPs, particularly in regulated industries like healthcare, finance, and legal.

  • Buyer
    The Carlyle Group (Global Credit platform)
    Target
    Trucordia
    Seller
    Existing minority investors
    Industry
    Insurance

    The Carlyle Group's Global Credit platform will make a $1.3 billion strategic investment in Trucordia, valuing the insurance brokerage at $5.7 billion. The transaction will reduce Trucordia's leverage, repurchase units from existing minority investors, simplify governance, and provide capital flexibility to support growth.

  • Buyer
    Merit Financial Advisors
    Target
    RCM Investments
    Type
    Addon

    Merit Financial Advisors, a Georgia-based wealth management firm, has acquired RCM Investments of American Fork, Utah, adding $281 million in assets and establishing Merit's first office in Utah. The four principals of RCM will join Merit as wealth managers and partners; financial terms were not disclosed.

  • Buyer
    EagleTree Capital
    Target
    NuTrail
    Industry
    Food & Beverage

    EagleTree Capital has made a strategic growth investment in NuTrail, a nut-based, low-sugar granola brand. As part of the investment, Sheila Stanziale was named CEO and will partner with co-founders Ilya and Roni Avshalumov to accelerate the company's growth; terms were not disclosed. EagleTree will support NuTrail's next phase of scaling and distribution expansion.

  • Buyer
    Catalis Dental Lab Partners, Caymus Equity
    Target
    Revolution Dental Lab
    Industry
    Dental
    Type
    Addon

    Catalis Dental Lab Partners, a PE-backed national dental lab platform, has acquired Revolution Dental Lab in Sandy, Utah and opened a new East Coast digital design center in Jacksonville, Florida. The deal — supported by sponsor Caymus Equity — expands Catalis’ national footprint and adds local capacity in the Western U.S. while increasing digital design support for customers on the East Coast.

  • Buyer
    Blackstone
    Target
    Entrata
    Industry
    Cloud & SaaS

    Entrata, a Lehi, Utah-based property management operating system, received a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. The growth capital will support Entrata's expansion of its platform and product capabilities for property managers and residents.

  • Buyer
    TMA, Main Capital Partners
    Target
    DecisionWise
    Industry
    Cloud & SaaS
    Type
    Addon

    TMA, a Main Capital Partners-backed Dutch talent management software company, has acquired DecisionWise, a U.S.-based provider of cloud-based employee feedback, engagement and 360-degree feedback solutions. The deal creates a cross-Atlantic talent management player, expanding TMA’s product offering and North American presence while combining complementary employee experience and talent management capabilities.

  • Buyer
    Press Ganey Forsta
    Target
    InMoment
    Industry
    Data & Analytics
    Type
    Buyout

    Press Ganey Forsta has acquired InMoment to combine their customer experience (CX) technologies and accelerate AI and NLP-driven capabilities across industries. The deal brings together Press Ganey Forsta's HX platform and InMoment's conversational intelligence and reputation management to expand cross-industry expertise and deliver deeper, data-driven insights for clients.

  • Buyer
    Corinthian Capital Group, Valesco Industries
    Target
    Trimlight, Inc.
    Industry
    Manufacturing

    An affiliate of Corinthian Capital Group, in partnership with Valesco Industries, has acquired a majority interest in Trimlight, Inc., a West Jordan, Utah-based pioneer in permanent exterior LED lighting. The transaction was structured as a majority recapitalization to support Trimlight's growth — the company sells through a network of more than 300 exclusive dealers across the United States and Canada; FS Investments provided debt financing and D.A. Davidson acted as Trimlight's financial advisor.

  • Buyer
    Sixth Street, Davidson Kempner Capital Management LP
    Target
    Select Portfolio Servicing
    Type
    Buyout

    Select Portfolio Servicing (SPS), a Salt Lake City-based mortgage servicer with over $200 billion in UPB and ~900,000 loans serviced, has been acquired by a consortium led by Sixth Street and including Davidson Kempner Capital Management. The new owners said they will invest in SPS to build and differentiate the company’s servicing capabilities and support future growth.

  • Buyer
    Woodland Gourmet, Graham Partners
    Target
    Sevillo Fine Foods
    Seller
    Jeff Babikian (Owner of Sevillo Fine Foods)
    Industry
    Food & Beverage
    Type
    Addon

    Woodland Gourmet, a Graham Partners portfolio company, has acquired Sevillo Fine Foods, a Salt Lake City-based maker of chef-inspired ready-to-eat frozen ingredients. Barings led incremental financing to support the add-on acquisition, which expands Woodland's product portfolio and value‑add capabilities across foodservice, retail, and industrial channels.

  • Buyer
    Ntracts
    Target
    Compliatric
    Industry
    Cloud & SaaS
    Type
    Addon

    Ntracts, a healthcare-focused contract lifecycle management (CLM) provider, has acquired Compliatric, a regulatory, accreditation and compliance management technology for healthcare organizations. The acquisition expands Ntracts' capability set for administrative compliance and accreditation management and is the company's first deal since receiving majority backing from Accel‑KKR in 2023; terms were not disclosed. Healthcare Growth Partners served as exclusive financial advisor to Compliatric.

  • Buyer
    LongRange Capital
    Target
    US Synthetic Corporation
    Seller
    ChampionX Corporation
    Type
    Buyout

    LongRange Capital entered into a definitive agreement to acquire US Synthetic Corporation from ChampionX Corporation. The deal was subject to closing conditions and the prior ChampionX–Schlumberger transaction, and LongRange later completed the acquisition.

  • Buyer
    CaseWorthy, Inc., STG (Symphony Technology Group)
    Target
    Eccovia, Inc.
    Industry
    Cloud & SaaS
    Type
    Addon

    CaseWorthy, a Salt Lake City-based social and human services case management platform backed by private equity firm STG, has acquired Eccovia, a software and services provider of case management and data analytics for health and human services. The deal creates one of the largest purpose-built case-management platform companies by combining complementary capabilities—expanding CaseWorthy's platform to support additional workflows such as homeless Continuum of Care and broader care coordination.

  • Buyer
    The Thermal Group, Behrman Capital
    Target
    Applied Composite Technology Aerospace, LLC (ACT)
    Type
    Addon

    The Thermal Group, a Behrman Capital portfolio company, acquired Applied Composite Technology Aerospace, LLC (ACT), a Gunnison, Utah-based manufacturer of advanced composite structures for the aerospace and defense markets. The add-on expands TTG's engineered solutions by adding composite design and manufacturing capabilities to enable cross-selling and support long-term growth; financial terms were not disclosed.

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