Acquisitions in Colorado

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

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Find buyers active in Colorado →
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

Acquisition Volume in in Colorado by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Acquisitions in Colorado. 11 2017 6 2018 80 2019 123 2020 192 2021 204 2022 179 2023 207 2024 177 2025 ~187 est. 148 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    New York Life Investment Management, Apogem Capital
    Target
    Bow River Advisers
    Seller
    Bow River Capital
    Type
    Buyout

    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.

  • Buyer
    Guide Architecture
    Target
    MAIA Consulting
    Industry
    Consulting
    Type
    Addon

    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.

  • Buyer
    Trilogy Capital
    Target
    Mountain Capital Investment Advisors
    Type
    Buyout

    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.

  • Buyer
    Stakk Limited
    Target
    ParaScript LLC, ParaScript Management, Inc.
    Type
    Buyout

    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.

  • Buyer
    Energy Vault Holdings, Inc.
    Target
    Goshe Energy Storage, LLC, Goshe Energy Storage, LLC portfolio of U.S. BESS development projects (15 projects, 2.3+ GW)
    Seller
    Goshe Energy Storage, LLC
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    DISA Uranium Corporation
    Target
    Premier American Uranium Inc. (Colorado Portfolio of uranium projects and associated assets)
    Seller
    Premier American Uranium Inc.
    Industry
    Energy
    Type
    Buyout

    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.

  • Buyer
    Arthur J. Gallagher & Co.
    Target
    Innovise Business Consultants
    Seller
    McMillan Insurance & Bonding Inc. (dba Innovise Business Consultants)
    Industry
    Insurance
    Type
    Buyout

    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.

  • Buyer
    Wavestone
    Target
    Sand Cherry Associates
    Seller
    John Calhoon (CEO of Sand Cherry)
    Industry
    Consulting
    Type
    Buyout

    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.

  • Buyer
    Lil' Drug Store Products, Inc.
    Target
    Navajo Incorporated (Health, Beauty and Wellness business including Trial and Travel division)
    Seller
    Navajo Incorporated
    Industry
    Retail
    Type
    Buyout

    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.

  • Buyer
    NWPX Infrastructure, Inc.
    Target
    Serpentix Conveyor, LLC
    Type
    Buyout

    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.

  • Buyer
    Meritus Gas Partners, Buckeye Welding Supply
    Target
    Wagner Welding Supply
    Seller
    Dennis Ogden
    Type
    Buyout

    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.

  • Buyer
    Sequoia Financial Group, Valeas Capital Partners, Kudu Investment Management
    Target
    BSW Wealth Partners
    Type
    Buyout

    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.

  • Buyer
    Bleichroeder Acquisition Corp. III (to be renamed Inflection Point Mach X Bleichroeder Corp.), Inflection Point Asset Management
    Target
    Ursa Major Technologies, Inc.
    Type
    Buyout

    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.

  • Buyer
    Golden State Dermatology
    Target
    Summit Dermatology
    Type
    Addon

    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.

  • Buyer
    Ferrero Group, Ferrero International S.A.
    Target
    Purely Elizabeth
    Industry
    Food & Beverage
    Type
    Buyout

    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.

  • Buyer
    Jeff Taylor
    Target
    Sundance Marine
    Seller
    Ron Richardson, Susan Richardson
    Industry
    Transportation
    Type
    Buyout

    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.

  • Buyer
    SRS Distribution Inc.
    Target
    Lohmiller & Company
    Type
    Buyout

    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.

  • Buyer
    Vireo Growth Inc.
    Target
    PharmaCann Inc. (Colorado retail assets)
    Seller
    PharmaCann Inc.
    Type
    Buyout

    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.

  • Buyer
    Aspen Standard Wealth, LLC
    Target
    Denver Private Wealth Management
    Type
    Buyout

    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.

  • Buyer
    Verdant Capital Partners
    Target
    Native Roots (15 retail dispensary locations in Colorado), Native Roots retail dispensaries
    Industry
    Retail
    Type
    Buyout

    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.

  • Buyer
    Covius Services, LLC
    Target
    Title365
    Industry
    IT Services
    Type
    Addon

    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.

  • Buyer
    Element Three
    Target
    Sextant
    Seller
    Sextant
    Type
    Buyout

    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.

  • Buyer
    Garmin Ltd.
    Target
    TrainingPeaks, TrainHeroic
    Seller
    Peaksware Holdings
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • Buyer
    Roberts Resorts & Communities
    Target
    King’s Crown
    Industry
    Real Estate
    Type
    Buyout

    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.

  • Buyer
    Tradewater
    Target
    Carbon Shield
    Type
    Buyout

    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.

  • Buyer
    Black Pearl Equities
    Target
    Selectis Health, Inc.
    Type
    Buyout

    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.

  • Buyer
    Gladstone Investment Corporation
    Target
    DHE Computer Systems, LLC
    Seller
    Dan Hammack
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    H.I.G. Capital (funds affiliated)
    Target
    Outward Hound

    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.

  • Buyer
    Noteefy
    Target
    Metolius Golf
    Industry
    Data & Analytics
    Type
    Buyout

    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.

  • Buyer
    Peak Business Valuation, Amplēo
    Target
    Nationwide Valuations
    Seller
    Marsha Golgart
    Type
    Addon

    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.

  • Buyer
    TCW Steel City, Brightwood, CIFC, CalSTRS
    Target
    Lone Peak Dental Group

    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.

  • Buyer
    Shore Capital Partners
    Target
    ThrivePass
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • Buyer
    AlphaCore Wealth Advisory
    Target
    Elk River Wealth Management

    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.

  • Buyer
    Vero Fiber Networks
    Target
    Velocity Fiber
    Type
    Buyout

    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.

  • Buyer
    Empower, Great-West Lifeco Inc.
    Target
    Milliman, Inc.'s retirement administration business
    Seller
    Milliman, Inc.
    Type
    Buyout

    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.

  • Buyer
    Solina USA, Solina Group SAS, Astorg Partners, HC Private Investments LLC (HCPI)
    Target
    Epicurean Butter Co.
    Seller
    HC Private Investments LLC (HCPI), HC Private Investments, HC Private Investments
    Industry
    Food & Beverage
    Type
    Buyout

    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.

  • Buyer
    Stakk Limited
    Target
    ParaScript LLC, ParaScript Management, Inc.
    Type
    Buyout

    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.

  • Buyer
    Vendavo, Inc.
    Target
    Model N High-Tech business unit
    Seller
    Model N
    Industry
    Cloud & SaaS
    Type
    Buyout

    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.

  • Buyer
    Carson Group
    Target
    Ted Swenson’s Colorado Wealth Advisory Practice
    Seller
    Ted Swenson
    Type
    Buyout

    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.

  • Buyer
    Rad Life Mobility
    Target
    QuietKat
    Seller
    Revelyst
    Type
    Buyout

    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.

  • Buyer
    Wood Mackenzie
    Target
    LandGate
    Industry
    Data & Analytics
    Type
    Buyout

    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.

  • Buyer
    Jungheinrich AG
    Target
    Navflex Inc.
    Industry
    IT Services

    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.

  • Buyer
    Edgewater Capital Partners
    Target
    Well Master
    Type
    Buyout

    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.

  • Buyer
    MDA Space Ltd.
    Target
    Blue Canyon Technologies LLC
    Seller
    RTX Corporation, RTX's Raytheon business (Raytheon segment)
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    Op Burgers, LLC, Kuber Oregon, LLC, Kuber Washington, LLC, Evergreen Dining, LLC
    Target
    86 company-owned Red Robin restaurant units, 30 company-owned Red Robin restaurant units
    Seller
    Red Robin Gourmet Burgers, Inc.

    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.

  • Buyer
    Rubrik
    Target
    Strata.io
    Industry
    Cybersecurity
    Type
    Buyout

    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.

  • Buyer
    Gloo
    Target
    Midwestern Interactive
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    AlphaCore Wealth Advisory, Constellation Wealth Capital
    Target
    Elk River Wealth Management
    Seller
    Wealth Advisor Growth Network (WAGN)
    Type
    Buyout

    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.

  • Buyer
    Copley Acquisition Corp, Ignite Proteomics Holdings (newly formed public holding company)
    Target
    Ignite Proteomics, LLC
    Seller
    Aditxt, Inc.
    Industry
    Biotechnology
    Type
    Buyout

    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.

  • Buyer
    Capsa Healthcare
    Target
    The Harloff Company
    Seller
    The Winsford Company
    Type
    Buyout

    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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