Tracked deals
23
23 tracked deals across 2023.
Acquisitions in Iowa in 2023
Buyer mix
Strategic-led
21 strategic · 9 pe
Top trend
Volume peaked in 2024
40 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.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| AFC Industries | 1 | Supply chain management and distribution solutions for sm... | Strategic (PE-backed) |
| Advantive | 1 | Provider of purpose-built ERP, MES and SPC software for s... | Strategic (PE-backed) |
| Bain Capital Insurance | 1 | Dedicated insurance investing unit of Bain Capital that d... | PE |
| Basepoint Tax & Accounting | 1 | Regional tax and accounting services firm (subsidiary of ... | Strategic |
| Bertram Capital | 1 | Private equity firm investing in lower-middle-market comp... | PE |
| Copperfield Chimney Supply | 1 | National distributor serving contractors and retailers in... | Strategic |
| Core & Main Inc. | 1 | Specialized distributor of water, wastewater, storm drain... | Strategic |
| Crestview Partners | 1 | Middle-market private equity firm investing across media,... | PE |
| DCA Partners | 1 | Growth-oriented private equity firm providing growth and ... | PE |
| Eastern Communications Ltd. | 1 | Provider of mission-critical communications technology, s... | Strategic |
Acquisition Volume in in Iowa in 2023 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 20, 2023
- Buyer
- Bain Capital Insurance, The Mutual Group
- Target
- GuideOne Insurance Company
- Seller
- GuideOne Insurance Company
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Growth capital
Bain Capital Insurance invested $200 million to acquire the operational platform of GuideOne Insurance Company and to launch The Mutual Group, a new insurance services platform focused on mutual insurers. GuideOne will remain an independent mutual and serve as The Mutual Group’s inaugural member while using the capital to strengthen its balance sheet and support growth.
-
November 21, 2023
- Buyer
- IP Pathways
- Target
- Tenax Solutions
- Industry
- Cybersecurity
- Location
- Iowa, United States
- Type
- Buyout
IP Pathways, a Midwest technology solutions and managed services provider, has acquired Tenax Solutions, a cybersecurity firm founded in 2019 that provides vulnerability scans, penetration testing, and compliance services. The acquisition expands IP Pathways' security and compliance capabilities and will allow the combined business to deliver enhanced information security offerings to MSPs, SMBs and enterprise clients across the United States.
-
November 13, 2023
- Buyer
- McCarthy Capital
- Target
- Navigate Wellbeing Solutions
- Industry
- Cloud & SaaS
- Location
- Iowa, United States
- Type
- Growth capital
Navigate Wellbeing Solutions, an employee wellbeing technology company based in West Des Moines, partnered with McCarthy Capital in a growth investment to accelerate product development, team expansion, and strategic acquisitions. The partnership provides capital and operational support to expand Navigate's reach—the company reports nearly two million subscribed users.
-
October 4, 2023
- Buyer
- WF Cabinetry Group, HCI Equity Partners, Patriot Capital
- Target
- Woodharbor Molding & Millworks, Inc.
- Seller
- Woodharbor Molding & Millworks shareholders (including founder Curtis Lewerke)
- Industry
- Building Products
- Location
- Iowa, United States
- Type
- Addon
WF Cabinetry Group, a semi‑custom cabinetry manufacturer backed by HCI Equity Partners, has acquired Woodharbor Molding & Millworks, a family‑founded custom cabinetry and vanities manufacturer based in Mason City, Iowa. Patriot Capital provided subordinated debt and an equity co‑investment to support the add‑on acquisition; Woodharbor founder Curtis Lewerke will remain a shareholder and board member of the expanded WF Cabinetry platform.
-
September 26, 2023
- Buyer
- Advantive
- Target
- Proplanner
- Industry
- Software
- Location
- Iowa, United States
- Type
- Buyout
Advantive, a mission-critical software provider for specialty manufacturing and distribution businesses, has acquired Proplanner, a provider of assembly-focused Product Lifecycle Management (PLM) and Manufacturing Execution Systems (MES). The acquisition adds Proplanner’s Assembly Planner, Shop Floor MES, and Flow Planner capabilities to Advantive’s ERP, MES and SPC portfolio to strengthen its assembly-focused manufacturing solutions and improve shop-floor planning, work-instruction generation, and traceability for customers across aerospace, automotive and heavy manufacturing.
-
September 12, 2023
- Buyer
- Pye-Barker Fire & Safety
- Target
- Iowa Fire Equipment Company
- Seller
- Brett Pruitt (Owner)
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Iowa Fire Equipment Company, adding five branch locations and expanding Pye-Barker's footprint into its 40th state. The deal secures the Iowa market, adds presence in Indiana and furthers Pye-Barker's Midwest expansion while Iowa Fire's team will continue serving customers across the Midwest and Florida.
-
September 5, 2023
- Buyer
- Modern Wealth Management, Crestview Partners
- Target
- Midwest Financial
- Industry
- Wealth Management
- Location
- Iowa, United States
- Type
- Addon
Modern Wealth Management, a national RIA backed by Crestview Partners, has acquired the assets of Midwest Financial of Glidden, Iowa. The transaction is an add-on to Modern Wealth's platform intended to expand service offerings, accelerate organic growth, and integrate Midwest Financial into Modern Wealth's centralized planning and tax capabilities.
-
August 18, 2023
- Buyer
- Kendall Vegetation Services, Xylem Tree Experts, Sterling Investment Partners
- Target
- Tom's Tree Service
- Seller
- Tom Birchmier
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Addon
Xylem Kendall — comprised of Kendall Vegetation Services and Xylem Tree Experts and backed by Sterling Investment Partners — has acquired Tom's Tree Service, a regional vegetation-management operator serving Iowa and Missouri. The add-on expands Xylem Kendall's Midwest footprint and adds local operational capacity and storm-response capabilities.
-
August 14, 2023
- Buyer
- Merx Truck & Trailer
- Target
- Majestic Truck Services
- Industry
- Trucking & Fleet
- Location
- Iowa, United States
- Type
- Buyout
Merx Truck & Trailer has acquired Majestic Truck Services, a long-established truck collision and repair provider based in Altoona, Iowa. The deal expands Merx's multi-site presence in the Des Moines market and adds Majestic's 53,000 sq. ft. repair facility and capabilities to Merx's Midwest service network; terms were not disclosed.
-
August 9, 2023
- Buyer
- AFC Industries, Bertram Capital
- Target
- White Distribution & Supply
- Seller
- Slate Capital Group
- Industry
- Logistics & Distribution
- Location
- Iowa, United States
- Type
- Addon
Fairfield, Ohio-based AFC Industries (a Bertram Capital portfolio company) has acquired Muscatine, Iowa-based White Distribution & Supply (WDS) from Slate Capital Group. The add-on purchase expands AFC's distribution footprint and capabilities in MRO, fasteners, packaging and inventory/LEAN solutions; terms were not disclosed.
-
- Buyer
- Redwood Logistics
- Target
- Rockfarm Supply Chain Solutions, Global Distribution and Logistics
- Industry
- Logistics & Distribution
- Location
- Iowa, United States
- Type
- Buyout
Chicago-based Redwood Logistics has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics to strengthen its modern 4PL and tech-enabled managed services. The deal adds Rockfarm’s freight management, international freight forwarding, trade compliance, customs brokerage, TMS integration experience and data/BI capabilities; Rockfarm’s Dubuque, Iowa operation and leadership will integrate into Redwood.
-
- Buyer
- DCA Partners
- Target
- Smash Park Entertainment Group
- Industry
- Restaurants & Hospitality
- Location
- Iowa, United States
- Type
- Growth capital
DCA Partners has made a significant minority growth investment in Smash Park Entertainment Group to accelerate the company’s U.S. venue expansion. Smash Park, an indoor/outdoor eatertainment brand anchored by pickleball and multiple games, currently operates locations in West Des Moines and Pella, Iowa, with additional sites under construction in Minneapolis and Omaha.
-
- Buyer
- Copperfield Chimney Supply, Olympia Chimney Supply Holdings, LLC
- Target
- New Energy Distributing, Inc.
- Industry
- Building Products
- Location
- Iowa, United States
- Type
- Buyout
Copperfield Chimney Supply, a subsidiary of Olympia Chimney Supply Holdings, LLC, has acquired New Energy Distributing, Inc., a Midwest distributor of hearth and chimney products. The deal is intended to expand Copperfield’s product offering and service footprint across the Midwest; terms were not disclosed.
-
- Buyer
- JULY Business Services, LLC
- Target
- HTLF Retirement Plan Services (recordkeeping and administration business)
- Seller
- Heartland Financial USA, Inc., Dubuque Bank and Trust Company
- Industry
- Financial Services
- Location
- Iowa, United States
- Type
- Divestiture
JULY Business Services has acquired the recordkeeping and administration business of HTLF Retirement Plan Services, a division of Heartland Financial USA, Inc. Core HTLF recordkeeping team members (including over 20 credentialed employees) are joining JULY to maintain continuity of service while HTLF will continue as advisor and 3(38) investment fiduciary. The deal expands JULY's capabilities and client service model as it grows its national retirement plan platform.
-
- Buyer
- Wealth Enhancement Group
- Target
- Heacock & Jones Financial Services, Inc.
- Industry
- Wealth Management
- Location
- Iowa, United States
- Type
- Buyout
Wealth Enhancement Group, a national independent wealth management firm based in Minneapolis, has acquired Heacock & Jones Financial Services, Inc., an independent RIA in Dubuque, Iowa that manages roughly $355 million in client assets. The deal expands Wealth Enhancement Group's presence in Iowa and increases its total client assets to more than $66.8 billion.
-
May 2, 2023
- Buyer
- accūrō Solutions
- Target
- Splashlight Solutions
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
accūrō Solutions, a provider of medical bill processing technology and services, has acquired Splashlight Solutions, a West Des Moines-based workers' compensation bill review provider. All Splashlight employees joined accūrō, with Splashlight's CEO Lisa Gran becoming Chief Revenue Officer; the purchase price was not disclosed.
-
April 17, 2023
- Buyer
- Core & Main Inc.
- Target
- Midwest Pipe Supply Inc.
- Seller
- Midwest Pipe Supply Inc., Mark and Wendy Paca
- Industry
- Building Products
- Location
- Iowa, United States
- Type
- Buyout
Core & Main Inc. (NYSE: CNM) has completed the acquisition of substantially all assets of Midwest Pipe Supply Inc., a Clear Lake, Iowa-based distributor of drainage, septic and waterworks products. The deal expands Core & Main's drainage and waterworks presence in Iowa while bringing Mark and Wendy Paca and their team into Core & Main's network.
-
March 31, 2023
- Buyer
- Madison Capital Partners
- Target
- Global Filter
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Growth capital
Madison Capital Partners, a Chicago-based investment firm, has made an investment in Global Filter, a Cedar Rapids, Iowa developer and manufacturer of validated filtration solutions. The capital will support Global Filter's continued product and technology development and strengthen its customer responsiveness across end markets including food & beverage, pharmaceutical, and petrochemical.
-
March 2, 2023
- Buyer
- World Insurance Associates LLC
- Target
- Sagacity Benefits
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Buyout
World Insurance Associates LLC (WIA), a Top 100 insurance brokerage headquartered in Iselin, New Jersey, acquired Sagacity Benefits of Burlington, Iowa on July 1, 2022. Terms were not disclosed; Sagacity is an employer-focused benefits consulting firm that specializes in health benefits platforms, and WIA said the acquisition will expand its benefits capabilities and services for clients.
-
February 16, 2023
- Buyer
- Eastern Communications Ltd.
- Target
- RACOM Corporation
- Industry
- Telecommunications
- Location
- Iowa, United States
- Type
- Buyout
Eastern Communications Ltd., a New York–headquartered mission-critical communications provider, has acquired Marshalltown, Iowa–based RACOM Corporation, a provider of emergency communications services and technology. The combination creates a nationwide mission-critical communications platform with expanded service locations and capability to serve public safety, utilities and transportation customers coast to coast.
-
February 13, 2023
- Buyer
- Basepoint Tax & Accounting, Basepoint Wealth, LLC
- Target
- Ledger Plus
- Industry
- Accounting & Tax
- Location
- Iowa, United States
- Type
- Buyout
Basepoint Tax & Accounting, a subsidiary of Basepoint Wealth, LLC, has acquired Ledger Plus of Cedar Rapids to expand its tax and accounting operations in Eastern Iowa. The move accompanies the appointment of Ron Detweiler as President of Basepoint Tax & Accounting and continues Basepoint's roll-up strategy of local accounting firms to offer integrated investment management and tax planning services.
-
February 6, 2023
- Buyer
- Isoray, Inc.
- Target
- Viewpoint Molecular Targeting, Inc.
- Industry
- Biotechnology
- Location
- Iowa, United States
- Type
- Buyout
Isoray, Inc. completed an all-stock merger with Viewpoint Molecular Targeting, effective February 3, 2023, combining Isoray's brachytherapy expertise with Viewpoint's radiopharmaceutical and diagnostic pipeline. Under the deal each Viewpoint share converted into 3.1642 shares of Isoray (totaling 136,545,075 shares, ~49% of Isoray's outstanding shares); Viewpoint CEO Thijs Spoor was named CEO of the combined company and outgoing Isoray CEO Lori Woods became Chair.
-
January 25, 2023
- Buyer
- LFM Capital
- Target
- APQS
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
LFM Capital, a Nashville-based private equity firm, has invested in APQS, a Carroll, Iowa-based designer and manufacturer of longarm quilting machines. LFM said it will partner with APQS management to leverage operational expertise and drive future growth for the premium quilting equipment brand.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Find buyers active in Iowa
Turn current acquisition activity in Iowa into an outreach-ready buyer list.