Tracked deals
36
36 tracked deals across 2025.
Acquisitions in Iowa in 2025
Buyer mix
Strategic-led
40 strategic · 8 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 |
|---|---|---|---|
| Pete & Gerry's Organics, LLC | 2 | Producer and marketer of Certified Humane organic, free-r... | Strategic (PE-backed) |
| Rensa Filtration | 2 | Manufacturer and distributor of commercial and mission-cr... | Strategic (PE-backed) |
| ALKEME Insurance | 1 | Full-service insurance brokerage and aggregator of indepe... | Strategic |
| Alamo Group Inc. | 1 | Designs, manufactures, distributes, and services equipmen... | Strategic |
| Alex Tovstanovsky | 1 | Co-owner of Sky Auto Mall, a franchised automobile dealer... | Strategic |
| Amca | 1 | Aerospace and defense company that acquires and scales le... | Strategic |
| Apella Wealth | 1 | National registered investment adviser (RIA) providing fi... | Strategic (PE-backed) |
| Baldwin Supply Company | 1 | Privately owned Midwest distributor of power transmission... | Strategic |
| Brody Meier | 1 | Lifelong rider and co-owner/operator of Iron Hill Harley-... | Strategic |
| Building Products Inc. | 1 | Full-line building materials distributor operating branch... | Strategic |
Acquisition Volume in in Iowa in 2025 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 29, 2025
- Buyer
- Baldwin Supply Company
- Target
- Construction & Aggregate Products, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Baldwin Supply Company, a privately owned Midwest industrial distributor headquartered in Plymouth, Minnesota, has acquired Construction & Aggregate Products, Inc. (CAP), a distributor with locations in Des Moines, Iowa and Lenexa, Kansas. The acquisition expands Baldwin Supply's regional footprint and capabilities to better serve customers in aggregate, mining and construction markets.
-
December 11, 2025
- Buyer
- Amca
- Target
- Aerospace Control Products, Inc. (ACPI)
- Seller
- Aaron Ellis (president and former owner)
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Amca, an El Segundo, California-based aerospace and defense company, has acquired Aerospace Control Products, Inc. (ACPI) of Davenport, Iowa to expand its hydraulics-focused components platform by adding aerospace-grade pressure and liquid-level switch capabilities. Amca plans significant investment to expand ACPI’s manufacturing capacity and improve supply availability; Shedd Capital advised on the transaction and Aaron Ellis, ACPI’s president and former owner, will remain involved.
-
- Buyer
- HNI Corporation
- Target
- Steelcase Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
HNI Corporation entered into a definitive agreement to acquire Steelcase Inc. for approximately $2.2 billion in a cash-and-stock transaction. Under the deal terms, Steelcase shareholders would receive $7.20 in cash and 0.2192 shares of HNI common stock per share, and the combined company is expected to have pro forma annual revenue of about $5.8 billion.
-
December 8, 2025
- Buyer
- Solve Industrial Motion Group
- Target
- D&D Global, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Addon
Solve Industrial Motion Group has acquired D&D Global, Inc., a vertically integrated manufacturer of power drive belts specializing in V-belts and timing belts. The acquisition expands Solve’s manufacturing capabilities and strengthens its engineered bearings and power transmission full drivetrain solutions platform.
-
November 16, 2025
- Buyer
- Scorability
- Target
- Ryzer
- Industry
- Software
- Location
- Iowa, United States
- Type
- Buyout
Scorability, a college-recruiting technology company headquartered in Austin, Texas, has acquired Ryzer, the Des Moines-based event registration and management platform for college and youth sports. The deal combines Scorability’s data-driven recruiting and analytics tools with Ryzer’s large events ecosystem to create an integrated platform serving thousands of programs and over a million athletes annually.
-
November 15, 2025
- Buyer
- Peoples Company
- Target
- Murray Wise Associates, LLC (MWA)
- Seller
- Farmland Partners Inc
- Industry
- Professional Services
- Location
- Iowa, United States
- Type
- Buyout
Peoples Company announced a pending acquisition of Murray Wise Associates, LLC (MWA) from Farmland Partners Inc. The deal is effective November 15, 2025 and includes Peoples Company engaging for the ongoing management of select non-core farmland assets.
-
October 10, 2025
- Buyer
- Thirty31 Partners
- Target
- Jerry Carney & Sons, Inc.
- Seller
- Matt Carney, Tom Carney
- Industry
- Automotive
- Location
- Iowa, United States
- Type
- Buyout
Thirty31 Partners, a Huxley, Iowa-based private equity firm, has acquired Jerry Carney & Sons, Inc., a family-owned auto parts and vehicle recycling business headquartered in Ames, Iowa. The company will continue operating under its existing brand and management while Thirty31 provides capital and operational support to drive growth in the automotive aftermarket and recycling sectors; 1st National Bank of Ames supported the transaction.
-
September 25, 2025
- Buyer
- The Integration Group (TIG), Maxwell Street Capital Partners (Maxwell Street)
- Target
- PDM
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Addon
The Integration Group (TIG) entered into a definitive agreement to acquire PDM, a full-service packaging, warehousing, and transportation provider based in Boone, Iowa. The deal is intended to strengthen TIG’s Midwest presence and add BRC-certified food-grade packaging capabilities, including custom blending and filling, private labeling, warehousing, and dedicated transportation.
-
September 18, 2025
- Buyer
- John Jennerjohn, Brody Meier, Iron Hill Harley-Davidson
- Target
- McGrath Dubuque Harley-Davidson
- Seller
- Mike McGrath, Pat McGrath
- Industry
- Automotive
- Location
- Iowa, United States
- Type
- Buyout
Performance Brokerage Services announced the sale of McGrath Dubuque Harley-Davidson in Dubuque, Iowa from Mike and Pat McGrath to lifelong riders and dealership owners John Jennerjohn and Brody Meier (owners/operators of Iron Hill Harley-Davidson). The dealership will be renamed Key City Harley-Davidson and remain at its current 145 North Crescent Ridge location, expanding the buyers' regional presence.
-
September 5, 2025
- Buyer
- Plunkett's Pest Control, Inc.
- Target
- Insect Control Specialists (ICS)
- Seller
- Leslie Parker
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Buyout
Plunkett's Pest Control, Inc. has acquired Insect Control Specialists (ICS), a family-owned pest control business based in Cedar Rapids, Iowa. The acquisition strengthens Plunkett's regional presence in Iowa while preserving ICS's legacy and customer relationships following owner Leslie Parker's decision to sell.
-
August 25, 2025
- Buyer
- Patrick Lanigan (Pet Butler franchise owner), Pet Butler
- Target
- Bark 'N' Bin
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Buyout
Patrick Lanigan, a Pet Butler franchise owner in Des Moines, Iowa, has acquired Bark 'N' Bin, a local pet waste removal business. The acquisition expands Pet Butler's presence in Iowa and brings Bark 'N' Bin customers under the national Pet Butler franchise system.
-
August 21, 2025
- Buyer
- ALKEME Insurance
- Target
- Sheets Forrest Draper Insurance
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Buyout
ALKEME Insurance, a Top 25 U.S. insurance brokerage based in Ladera Ranch, California, has acquired Sheets Forrest Draper Insurance, a fourth-generation independent agency headquartered in Marion, Iowa. The deal expands ALKEME's Midwest footprint and brings SFD Insurance access to ALKEME's resources while preserving the agency's local focus and client relationships.
-
- Buyer
- Premier Tech Water and Environment
- Target
- Karr's Septic Service
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Buyout
Premier Tech Water and Environment (a business unit of Premier Tech) has acquired Karr's Septic Service, a Vinton, Iowa-based septic and wastewater pumping services provider. The acquisition expands Premier Tech's local service footprint in Eastern Iowa and adds time-of-transfer diagnostics and residential septic maintenance capabilities.
-
August 13, 2025
- Buyer
- ImOn Communications
- Target
- Danville Telecom
- Seller
- Danville Telecom
- Industry
- Telecommunications
- Location
- Iowa, United States
- Type
- Buyout
ImOn Communications has completed its acquisition of Danville Telecom after receiving all regulatory approvals. The deal adds Danville's 100% fiber-optic network (including subsidiary iConnectYou) to ImOn's regional footprint, enabling faster rollout of next-generation services to Burlington, West Burlington, Fort Madison, Keokuk and surrounding communities in Southeast Iowa.
-
July 20, 2025
- Buyer
- GreatAmerica Holdings, GreatAmerica Financial Services Corporation
- Target
- Heritage Bank
- Industry
- Financial Services
- Location
- Iowa, United States
- Type
- Buyout
GreatAmerica Holdings agreed to acquire Heritage Bank, an Iowa state-chartered bank headquartered in Marion, Iowa. Following the acquisition, Heritage Bank will operate under a new name, GreatAmerica Bank National Association. GreatAmerica said the move is intended as strategic growth to combine its equipment-finance focus with the stability of an FDIC-insured bank and to offer a more comprehensive suite of financing options to small and medium-sized businesses.
-
- Buyer
- GreatWater 360 Auto Care
- Target
- Cars, Trucks & Vans
- Seller
- Gary Warren, Tami Warren, Joe Dunne
- Industry
- Automotive
- Location
- Iowa, United States
- Type
- Buyout
GreatWater 360 Auto Care has acquired Cars, Trucks & Vans, a long-standing full-service auto repair shop in Davenport, Iowa. The shop will continue operating under its existing name and team while joining GreatWater's network to support the location with upgraded tools, training, and operational resources to deepen the company's presence in Iowa.
-
- Buyer
- Inszone Insurance Services
- Target
- LJ Insurance, Inc.
- Seller
- Jon Little, Jr.
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Buyout
Inszone Insurance Services, a national insurance brokerage based in Sacramento, has acquired LJ Insurance, Inc., a longtime Keokuk, Iowa agency with an office in Fort Madison. The deal expands Inszone's presence in Iowa and broadens its life and health insurance offerings while providing LJ Insurance clients access to Inszone's broader carrier relationships and resources.
-
July 1, 2025
- Buyer
- FBi Buildings
- Target
- Eastern Iowa Building
- Industry
- Construction
- Location
- Iowa, United States
- Type
- Buyout
FBi Buildings, a Remington, Indiana–based post-frame construction firm, has acquired Eastern Iowa Building of Fairfax, Iowa, effective July 1, 2025. The acquisition expands FBi's presence in Iowa, preserves EIB's local operations and warranties, and provides EIB with additional resources and operational support to serve a wider geographic area.
-
June 30, 2025
- Buyer
- Alamo Group Inc.
- Target
- Ring-O-Matic, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Alamo Group Inc. completed its acquisition of Ring-O-Matic, Inc., a provider of industrial vacuum excavation equipment based in Pella, Iowa. The purchase was funded with existing cash on hand and is expected to fit Alamo’s product lineup, supporting cost and revenue synergies through integration.
-
- Buyer
- Kingsgate Insurance
- Target
- Calvert & Johnson Insurance Services
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Buyout
Kingsgate Insurance has acquired Calvert & Johnson Insurance Services in a deal effective Monday, adding the Fort Dodge-based agency's advisors and client relationships to Kingsgate's platform. The acquisition expands Kingsgate's local presence and product offerings — including employee benefits, agribusiness, and crop insurance — while Calvert & Johnson clients will continue with the same advisors during the transition.
-
- Buyer
- Apella Wealth
- Target
- Iron Horse Wealth Management
- Industry
- Wealth Management
- Location
- Iowa, United States
- Type
- Addon
Apella Wealth announced that Iron Horse Wealth Management, a fee-only RIA led by Dennis Markway, has joined Apella, adding $574 million in AUM and establishing Apella’s first Midwest-based team in Johnston, Iowa. The entire Iron Horse team joined Apella, with Markway becoming Regional Director; the deal closed June 20, 2025 and brings Apella to $6.08 billion in AUM.
-
June 19, 2025
- Buyer
- Rensa Filtration
- Target
- Air Filtration Co., Inc.
- Seller
- Carl Hagan Sr.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Addon
Rensa Filtration, a manufacturer of advanced commercial air filtration systems and a portfolio company of Audax Private Equity, acquired Air Filtration Co. The acquisition expands Rensa’s national growth plan, strengthening its Midwestern footprint and adding Air Filtration Co.’s product and service capabilities.
-
- Buyer
- Superior Environmental Solutions, Palladium Equity Partners, LLC
- Target
- Captain Clean
- Seller
- Robert Lehman, Carol Lehman, Larry Lehman
- Industry
- Environmental Services
- Location
- Iowa, United States
- Type
- Addon
Superior Environmental Solutions (SES), a Palladium Equity Partners portfolio company, has acquired Captain Clean, a family-owned industrial cleaning services provider operating in Iowa and Nebraska. The add-on transaction expands SES’s Midwest footprint and enhances its recurring industrial cleaning and vacuum/tank services for agriculture, food processing and other manufacturing customers; financial terms were not disclosed.
-
- Buyer
- Creative Science, CIMA Animal Health
- Target
- Astaria Global
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
Creative Science, a CIMA Animal Health company, announced the acquisition of Astaria Global, an equine-focused animal health company specializing in orthobiologic therapies for pain management and inflammatory airway disease. The deal is intended to strengthen Creative Science’s equine division and expand access to Astaria’s proprietary equine orthobiologic technology for veterinarians, owners, and equine athletes.
-
- Buyer
- Intirion Corporation, Danby Appliances
- Target
- Direct rental division of Collegiate Concepts, Inc.
- Seller
- Collegiate Concepts, Inc.
- Industry
- Education
- Location
- Iowa, United States
- Type
- Divestiture
Intirion Corporation, the B2B division of Danby Appliances, has acquired approximately two-thirds of the academic direct rental division of Collegiate Concepts, Inc., expanding its academic direct rental portfolio. The integration is underway as Intirion (and the MicroFridge brand) look to broaden their reach across North American colleges, universities, and student housing programs.
-
April 9, 2025
- Buyer
- The Kleinfelder Group, Inc., Lindsay Goldberg
- Target
- Veenstra & Kimm, Inc.
- Industry
- Engineering Services
- Location
- Iowa, United States
- Type
- Addon
The Kleinfelder Group, a Lindsay Goldberg–backed engineering and professional services firm, has acquired Veenstra & Kimm, a multidisciplinary engineering firm headquartered in West Des Moines, Iowa. The deal establishes Kleinfelder's newly created Midwest Division, expands its service capabilities, and accelerates geographic growth in the Midwest.
-
March 25, 2025
- Buyer
- CES Family of Companies, Cooper Management, LLC
- Target
- Bolton & Hay
- Industry
- Restaurants & Hospitality
- Location
- Iowa, United States
- Type
- Addon
CES Family of Companies, backed by Cooper Management, LLC, has acquired Bolton & Hay of Des Moines, Iowa. Bolton & Hay will operate as a division of Wilson Restaurant Supply, expanding CES’ foodservice equipment, supplies and service footprint in Iowa and across the Midwest. Financial terms were not disclosed.
-
March 23, 2025
- Buyer
- Healthcare Linen Services Group (HLSG)
- Target
- Crescent Laundry
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
Healthcare Linen Services Group (HLSG) has announced the acquisition of Crescent Laundry, a healthcare laundry provider based in Davenport, Iowa. The deal expands HLSG’s footprint into the Iowa market and adds a high-capacity 20-million-pound processing facility that will be rebranded as Superior Health Linen.
-
January 28, 2025
- Buyer
- Pete & Gerry's Organics, LLC
- Target
- Farmers Hen House
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Buyout
Pete & Gerry's Organics, LLC has acquired Kalona, Iowa-based Farmers Hen House, a supplier of Certified Humane organic, free-range and pasture-raised shell eggs. The acquisition adds over 90 partner family farms and a modern processing facility in Iowa, increasing Pete & Gerry's packing capacity and supporting growth across the Midwest and West; terms were not disclosed.
-
January 27, 2025
- Buyer
- Rensa Filtration
- Target
- Air Filtration Co., Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Rensa Filtration, a PE-backed manufacturer and distributor of air filtration products, has acquired Air Filtration Co., Inc., a family-owned maker and distributor of spray booth and industrial air filters with production facilities in Lancaster, California and Corydon, Iowa. The deal expands Rensa's geographic footprint in California and Iowa and adds Air Filtration Co.'s spray booth filtration product line to Rensa's portfolio.
-
- Buyer
- Sky Auto Mall, Yelena Tovstanovsky, Alex Tovstanovsky
- Target
- Van Horn Ford, Van Horn Chevrolet
- Seller
- Van Horn Automotive Group
- Industry
- Automotive
- Location
- Iowa, United States
- Type
- Divestiture
Sky Auto Mall (owned by Yelena and Alex Tovstanovsky) acquired Van Horn Ford and Van Horn Chevrolet in Newhall, Iowa from Van Horn Automotive Group. The transaction is a divestiture that lets Van Horn Automotive Group reinvest and focus growth on its Wisconsin platform while Sky Auto Mall expands its franchise footprint in Iowa.
-
January 17, 2025
- Buyer
- Building Products Inc.
- Target
- Heartland Millwork
- Industry
- Building Products
- Location
- Iowa, United States
- Type
- Buyout
Building Products Inc. (BPI), a Watertown, South Dakota–based building materials distributor, has acquired Heartland Millwork, a custom millwork manufacturer in Larchwood, Iowa. The acquisition expands BPI’s custom millwork manufacturing capabilities and production capacity, enabling broader product offerings, operational efficiencies, and an expanded reach in its Midwest markets.
-
January 16, 2025
- Buyer
- Flow Control Management, Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Master Packing and Rubber Company
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Flow Control Management (FCM), a private equity-backed holding company sponsored by The Edgewater Funds, has acquired Master Packing & Rubber Company (MPRC), a Cedar Rapids-based manufacturer and supplier of gaskets and seals serving agricultural transport and processing markets. The add-on expands FCM's MRO gasket and seal offerings and strengthens its presence in the agriculture value chain.
-
January 16, 2025
- Buyer
- Granite Creek Capital Partners, Rural American Fund
- Target
- Ritchie Industries, Inc.
- Industry
- Agriculture
- Location
- Iowa, United States
- Type
- Buyout
Granite Creek Capital Partners has acquired Ritchie Industries, a century-old manufacturer of automated livestock watering products headquartered in Conrad, Iowa. The transaction is supported by an investment from Rural American Fund and a rollover by Ritchie's management and employees to fund product innovation and expand Ritchie’s presence in existing and international livestock markets.
-
January 10, 2025
- Buyer
- Waverly Advisors, LLC
- Target
- Dickinson Investment Advisors
- Industry
- Wealth Management
- Location
- Iowa, United States
- Type
- Addon
Waverly Advisors, a Birmingham-based RIA, has acquired Dickinson Investment Advisors of Council Bluffs, Iowa, with the Dickinson team joining Waverly. The deal closed January 10, 2025, and marks Waverly's 21st transaction since its 2021 equity investment from Wealth Partners Capital Group and HGGC's Aspire Holdings platform, increasing Waverly's AUM to approximately $16.4 billion.
-
- Buyer
- Pete & Gerry's Organics, LLC, Butterfly Equity
- Target
- Pasture Brands Holdings, Farmers Hen House, Pillars Yogurt
- Seller
- Benford Capital Partners
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Addon
Pete & Gerry's Organics (the Butterfly Equity-backed egg platform) has acquired Pasture Brands Holdings — the holding company for Farmers Hen House and Pillars Yogurt — from Benford Capital Partners. The transaction (closed January 9, 2025) expands Pete & Gerry's branded specialty egg and dairy portfolio and continues consolidation in natural/conventional grocery and club channels.
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