Tracked deals
1356
1356 tracked deals across 2007-2026.
Tracked deals
1356
1356 tracked deals across 2007-2026.
Buyer mix
Mixed buyer set
1113 strategic · 643 pe
Top trend
Volume peaked in 2024
207 tracked deals announced in 2024.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Inszone Insurance Services | 19 | National insurance brokerage providing personal, commerci... | Strategic (PE-backed) |
| 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 |
Last 10 years
Supporting Data
New York Life Investment Management and its private markets affiliate Apogem Capital acquired the remaining ownership interest in Bow River Advisers from Bow River Capital, building on NYLIM’s initial investment in 2023. The Evergreen investment team will join Apogem’s private markets platform, and the Bow River Capital Evergreen Fund will be renamed the Apogem Evergreen Fund; Bow River Capital will retain a meaningful economic interest for several years.
Guide Architecture acquired MAIA Consulting, a 25-person healthcare consulting firm specializing in medical equipment planning and related services. The acquisition adds capabilities across the healthcare capital-project lifecycle; MAIA founder Melody Vandivere will continue leading the practice and guide its expansion within Guide.
Trilogy Capital acquired Mountain Capital Investment Advisors, an independent registered investment advisor with more than $1 billion in client assets. Mountain Capital will retain its brand, leadership, advisors, and employees, while gaining access to Trilogy’s investment resources, wealth-planning capabilities, technology, and operational support.
Stakk Limited announced it has successfully completed its US$63 million acquisition of ParaScript LLC and ParaScript Management, Inc. The combined company creates an AI-native digital trust platform focused on helping regulated organizations detect and prevent fraud in digital interactions. ParaScript’s technology is integrated into Stakk’s Digital Persona Graph SaaS platform, expanding workflow coverage and continuously growing the intelligence base.
Energy Vault Holdings, Inc. announced the acquisition of a portfolio of U.S. battery energy storage system (BESS) development projects from Goshe Energy Storage, LLC. The deal adds more than 2.3 GW across 15 projects to Energy Vault’s Asset Vault build, own and operate platform, including 350 MW of ready-to-build projects expected to reach commercial operations in Q1 2028.
DISA Uranium entered into an asset purchase agreement with Premier American Uranium (PUR) to acquire PUR’s Colorado Portfolio of uranium exploration and past-producing assets in the Uravan Mineral Belt, Colorado. In connection with the deal, DISA Uranium also plans a US$5,000,000 strategic equity investment in PUR via subscription receipts and will receive board representation upon closing.
Arthur J. Gallagher & Co. acquired Innovise Business Consultants, an Englewood, Colorado-based commercial insurance brokerage and surety bonding firm previously operating as McMillan Insurance & Bonding. Financial terms were not disclosed. The Innovise team, led by Jason McMillan, will relocate to Gallagher’s Denver office under the direction of Bret VanderVoort.
Wavestone announced the acquisition of Sand Cherry, a Denver-based business consulting firm focused on enterprise transformation programs. The deal is intended to accelerate Wavestone’s expansion in the United States and broaden its Fortune 200 client portfolio, especially in high-growth sectors such as Energy, Utilities & Infrastructure.
Lil' Drug Store Products (LDSP) completed the acquisition of Navajo Incorporated's Health, Beauty and Wellness business, including its Trial and Travel division, effective September 4, 2026. The deal expands LDSP’s single-source retail model beyond convenience and travel into grocery and drug channels, while Navajo will continue to independently own and operate its eyewear, mobile electronics, and general merchandise businesses.
NWPX Infrastructure, Inc. acquired Serpentix Conveyor, LLC, a manufacturer of engineered conveyor systems and related automation and fabrication capabilities for municipal wastewater treatment plants and industrial manufacturing facilities. The transaction closed on September 2, 2026 and is expected to be immediately accretive to earnings.
Meritus Gas Partners, through its wholly owned subsidiary Buckeye Welding Supply, acquired Wagner Welding Supply, a Longmont, Colorado-based industrial and medical gas supplier. The deal expands Buckeye’s footprint in northern Colorado, adding a fifth location and supporting growth into construction, aerospace, and chemical markets.
Sequoia Financial Group acquired BSW Wealth Partners, an independent registered investment adviser managing about $2.3 billion in client assets. After the deal, BSW will operate under the Sequoia Financial brand, giving its clients access to Sequoia’s advisory bench, tax and estate planning specialists, family office services, and broader investment platform.
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.
Golden State Dermatology (GSD), a physician-led dermatology network, announced a partnership with Summit Dermatology to expand its presence in Colorado Springs. Summit Dermatology’s physicians and staff will continue caring for patients at the same location, now supported by resources from the broader GSD network.
Ferrero Group has signed an agreement to acquire Purely Elizabeth, a Boulder, Colorado-based better-for-you breakfast brand. Purely Elizabeth will continue to operate as a standalone brand within the Ferrero Group, with founder and CEO Elizabeth Stein remaining at the helm as the deal closes in the coming months subject to regulatory approvals.
Performance Brokerage Services announced the sale of Sundance Marine, a MasterCraft, Nautique, and Sea Ray dealership in Grand Junction, Colorado, from Ron and Susan Richardson to Jeff Taylor. The company says the transaction was consummated, with Sundance Marine remaining at its current location.
SRS Distribution Inc., the Home Depot subsidiary, entered into a definitive agreement to acquire Lohmiller & Company, a Denver-based wholesale HVAC distributor. The deal adds a Carrier-aligned HVAC supplier with four Colorado locations and 220 employees, and Lohmiller’s owners will continue to lead the business post-transaction.
Vireo Growth Inc. has received all required regulatory approvals and completed its previously announced acquisition of certain Colorado retail assets of PharmaCann Inc. Total consideration was approximately $49.0 million, paid via the issuance of Vireo subordinate voting shares and the assumption of certain liabilities.
Aspen Standard Wealth, LLC (“Aspen”) acquired Denver Private Wealth Management (“Denver PWM”), a boutique wealth management firm based in Denver. Denver PWM manages approximately $550 million for clients and provides services such as investment management, retirement planning, tax-efficient strategies, and legacy planning.
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.
Covius Services has completed the integration of Title365’s newly acquired operations into Covius Settlement Services. Covius previously announced the acquisition of Title365’s operations in 2025 and closed the transaction earlier in the spring.
Element Three acquired Sextant, a dealer-network analytics and software firm, in a transaction that closed July 6, 2026. Sextant’s proprietary data and analytics platform helps manufacturers and field teams optimize dealer networks and improve dealer performance, while Element Three is a B2B2X marketing agency focused on go-to-market strategy for complex distribution networks.
Garmin Ltd. has acquired TrainingPeaks and TrainHeroic, digital training platforms that connect athletes with coaches and provide structured programs, performance data, and training insights. The deal is intended to expand Garmin’s fitness ecosystem across endurance and strength/performance training and enable more customizable coaching experiences for athletes. Financial terms were not disclosed.
Roberts Resorts & Communities acquired King’s Crown, a 200-space manufactured housing community in Rifle, Colorado. The property will be rebranded as Elk Run MHC as Roberts continues expanding its footprint across the United States.
Tradewater acquired Carbon Shield, a Colorado-based company that plugs actively leaking orphaned oil and gas wells. The deal expands Tradewater’s methane abatement footprint into Colorado and Wyoming and accelerates development of projects that permanently prevent methane and other high-impact climate pollutants.
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.
Noteefy, a demand and revenue management platform for golf, acquired Metolius Golf, a data intelligence provider for 600+ golf courses. The combined platform integrates Noteefy’s demand/tee-sheet tools with Metolius’s analytics and data warehouse layer to deliver a unified system for demand visibility and revenue optimization across single and multi-course portfolios.
Peak Business Valuation, the valuation division of Amplēo, announced the acquisition of Nationwide Valuations, a specialist in SBA-compliant business valuations and certified machinery and equipment appraisals. The deal expands Peak’s equipment appraisal capabilities and strengthens its reach with SBA lenders nationwide, while Nationwide’s clients gain access to Peak’s broader valuation and advisory services.
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.
Elk River Wealth Management partnered with AlphaCore Wealth Advisory to expand Elk River’s suite of client services and access additional resources and capabilities. SDR Ventures acted as the exclusive investment banking advisor to Elk River throughout the transaction process.
Vero Fiber Networks has finalized its acquisition of Velocity Fiber, a fiber provider focused exclusively on the K-12 E-Rate market across four states. The deal is intended to expand Vero’s K-12 network footprint and customer base while integrating Velocity Fiber’s private fiber infrastructure into Vero’s operating framework with no disruption to existing customers.
Empower, a subsidiary of Great-West Lifeco, entered into a definitive agreement to acquire Milliman, Inc.’s retirement administration business for $340 million. The deal is expected to expand Empower’s defined benefit capabilities and add defined contribution and health & welfare administration services, with the target business including about 800 employees.
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.
Stakk Limited entered into a definitive agreement to acquire 100% of U.S.-based ParaScript LLC and ParaScript Management, Inc. for a fixed purchase price of US$63.0 million. The consideration includes cash at completion plus equity in Stakk and deferred cash over four years, subject to customary closing conditions including shareholder approval.
Vendavo signed an agreement to acquire Model N’s High-Tech business unit, subject to closing, to strengthen its position in semiconductor and high-tech manufacturing. The deal combines Vendavo’s AI-powered pricing, quoting, and rebate capabilities with Model N’s channel data management and execution expertise, enabling a more complete revenue lifecycle solution from price setting through channel execution and net price realization.
Carson Group acquired the Colorado wealth advisory practice led by Ted Swenson, CFP, and plans to transition it into an integrated Carson Wealth office. Swenson’s team—serving approximately $270 million in advisory and brokerage assets—becomes Carson Wealth’s 47th integrated office, expanding Carson’s footprint in the region.
Rad Life Mobility, a subsidiary of Life Electric Vehicles Holdings, acquired off-road electric bike brand QuietKat from Revelyst. Financial terms were not disclosed, and Rad Life Mobility said the acquisition expands its electric mobility portfolio and strengthens its presence in outdoor, hunting, recreation, and adventure markets.
Wood Mackenzie announced the acquisition of LandGate to combine Wood Mackenzie’s power market forecasting and supply chain analytics with LandGate’s proprietary land and grid intelligence. The goal is to provide “connected intelligence” for US power markets and energy infrastructure project development, including data centers, power and renewables, and related financing decisions.
Jungheinrich AG is taking a stake in Navflex Inc., a Physical AI technology company focused on automating truck loading and unloading. The collaboration aims to bring an autonomous end-to-end dock solution to market, combining Jungheinrich’s industrial truck/robotics systems integration with Navflex’s software for perception, navigation, safety, and process logic.
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.
MDA Space has signed a definitive, all-cash agreement to acquire 100% of Blue Canyon Technologies LLC for US$620 million (enterprise value), subject to customary adjustments and regulatory approvals. The acquisition is intended to give MDA Space a stronger foothold in the U.S. defense space market by adding Blue Canyon’s Denver, Colorado manufacturing footprint, capabilities, and customer base.
Red Robin Gourmet Burgers has entered into two refranchising agreements to sell 86 company-owned restaurants for $72.5 million to Op Burgers and Kuber. Together with a previously announced refranchising of 30 restaurants to Evergreen Dining, the three transactions are valued at approximately $96 million (subject to closing conditions) and are intended to support the company’s First Choice Plan debt reduction and refinancing priorities.
Rubrik introduced two new Identity Resilience capabilities—Identity Continuity and Identity Roll Forward. Identity Continuity is powered by Rubrik’s acquisition of Strata.io, while Identity Roll Forward was developed in-house by Rubrik; terms were not disclosed and both capabilities are available in private preview.
Gloo announced a definitive agreement to acquire the remaining 20% stake in Midwestern Interactive, bringing its ownership to 100%. The deal is expected to close in the second quarter of 2026, with Midwestern continuing to operate under its own brand and leadership as a wholly owned subsidiary of Gloo.
AlphaCore Wealth Advisory acquired Elk River Wealth Management, a Colorado-based wealth management RIA overseeing about $1 billion in assets. The transaction adds a seven-person Elk River team to AlphaCore, expanding AlphaCore’s Denver/Cherry Creek and Arizona-related advisory presence and capabilities.
Copley Acquisition Corp and Ignite Proteomics (a wholly owned subsidiary of Aditxt) have entered into a definitive business combination agreement to take Ignite public. The transaction values Ignite at an implied equity value of approximately $150 million and is expected to create a newly formed holding company (Ignite Proteomics Holdings) with listings on the NYSE, with Ignite expected to become an independent public company following closing.
Capsa Healthcare announced its acquisition of The Harloff Company, a manufacturer of clinical storage cabinets, procedure carts, medication storage products, and endoscopic processing solutions. The deal expands Capsa’s clinical workflow, storage, and mobility portfolio to better serve healthcare providers across multiple care settings.
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