Tracked deals
26
26 tracked deals across 2026.
Acquisitions in Iowa in 2026
Buyer mix
Strategic-led
24 strategic · 5 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 |
|---|---|---|---|
| Ed Morse Automotive Group | 2 | Family-operated automotive dealer group that owns and ope... | Strategic |
| Principal Financial Group | 2 | Global financial services company providing insurance, in... | Strategic |
| CapStone Holdings, Inc. | 1 | Family office-structured holding company providing invest... | Family Office |
| Carlson Advisor Networks | 1 | Osaic supervisory-jurisdiction office providing guidance ... | Strategic |
| Charcuterie Artisans | 1 | Charcuterie Artisans is a charcuterie/dry-cured meats man... | Strategic (PE-backed) |
| Country Life | 1 | Natural health and personal care company that manufacture... | Strategic (PE-backed) |
| ETS | 1 | Global education and talent solutions organization focuse... | Strategic |
| Equity Bancshares | 1 | Regional community banking holding company operating Equi... | Strategic |
| Equity Bank | 1 | Community bank expanding its footprint in Iowa through th... | Strategic |
| Flex Ltd. | 1 | Global manufacturing and technology solutions provider de... | Strategic |
Acquisition Volume in in Iowa in 2026 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 10, 2026
- Buyer
- Simplicity Group
- Target
- Whitney and Associates, LLC, Altitude Capital Management RIA
- Industry
- Financial Services
- Location
- Iowa, United States
- Type
- Buyout
Simplicity Group announced its acquisition of Whitney and Associates, an independent marketing organization (IMO) based in Des Moines, Iowa. The transaction also includes acquisition of Altitude Capital Management RIA, an integrated wealth and investment management platform, and Simplicity welcomed Mitchell Whitney and Charles Johnson as new partners.
-
Equity Bancshares and Lincoln Bancorp Agree to Acquire Lincoln Savings Bank in $123.8 Million MergerSeptember 3, 2026
- Buyer
- Equity Bancshares, Equity Bank
- Target
- Lincoln Bancorp, Lincoln Savings Bank
- Seller
- Lincoln shareholders
- Industry
- Financial Services
- Location
- Iowa, United States
- Type
- Buyout
Equity Bancshares has entered into a definitive merger agreement with Lincoln Bancorp valued at approximately $123.8 million to expand Equity Bank’s presence in Iowa. Under the terms, Lincoln will merge into Equity Bancshares, with Lincoln Savings Bank subsequently merging into Equity Bank, expected to close in the fourth quarter of 2026 subject to approvals.
-
August 21, 2026
- Buyer
- Osaic, Carlson Advisor Networks
- Target
- IronGate Services
- Seller
- Ameriprise Financial Services
- Industry
- Financial Services
- Location
- Iowa, United States
- Type
- Addon
Osaic affiliated IronGate Services, a Cedar Rapids, Iowa-based advisory firm overseeing about $367 million in client assets, through Carlson Advisor Networks. The IronGate team will gain access to Osaic’s technology, investment capabilities, and back-office support while maintaining an independent structure.
-
August 10, 2026
- Buyer
- Marsh McLennan Agency
- Target
- Accel Holdings, Inc.
- Industry
- Insurance
- Location
- Iowa, United States
- Type
- Buyout
Marsh McLennan Agency (MMA) agreed to acquire Accel Holdings, Inc., an independent insurance and advisory firm headquartered in Waverly, Iowa. The transaction is expected to close in the third quarter, and terms were not disclosed. MMA expects the combination to expand its geographic footprint in Iowa and strengthen retirement, wealth, and agribusiness capabilities.
-
July 14, 2026
- Buyer
- Rexel USA
- Target
- DEE Electronics
- Industry
- IT Services
- Location
- Iowa, United States
- Type
- Buyout
Rexel USA acquired DEE Electronics to expand from standard electrical distribution into specialized electronic component distribution and OEM-focused assembly and supply chain services. DEE, headquartered in Cedar Rapids, Iowa, will join Rexel USA’s Advanced Services organization, pairing DEE’s kitting/assembly and component sourcing capabilities with Rexel’s national footprint and supplier relationships.
-
July 13, 2026
- Buyer
- White Cap
- Target
- Gierke Robinson Company, Inc.
- Seller
- Terry Kilburg (Owner of Gierke Robinson Company, Inc.)
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
White Cap, a distributor of specialty construction supplies and safety products, entered into a definitive agreement to acquire the business of Gierke Robinson Company, Inc., a concrete accessories/tools and equipment rentals/repair provider serving contractors across Eastern Iowa, Western Illinois, and Southwest Wisconsin. The acquisition expands White Cap’s Midwest footprint and strengthens its position in the concrete distribution market.
-
July 9, 2026
- Buyer
- Principal Financial Group
- Target
- Beam Benefits
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
Principal Financial Group completed its acquisition of Beam Benefits effective September 1, adding more than 25,000 small business customers to its Benefits and Protection business. The deal combines Principal’s scale with Beam’s digital-first, AI-powered quoting and underwriting capabilities to accelerate growth in the small business employee benefits market.
-
July 6, 2026
- Buyer
- Country Life, Lion Equity Partners
- Target
- Aura Cacia
- Seller
- Frontier Co-op
- Industry
- Consumer Products
- Location
- Iowa, United States
- Type
- Addon
Country Life, backed by Lion Equity Partners, has acquired Aura Cacia, an aromatherapy and natural air care brand, from Frontier Co-op. The deal also includes Aura Cacia’s 60,000-square-foot manufacturing facility in Urbana, Iowa, which Country Life will use to produce essential oils alongside its existing Hauppauge, New York supplement manufacturing operations.
-
June 30, 2026
- Buyer
- ETS
- Target
- ACT
- Industry
- Education
- Location
- Iowa, United States
- Type
- Buyout
ETS announced it is acquiring ACT, a college and career readiness organization. The deal combines two mission-driven measurement organizations to expand education and workforce opportunity solutions across the United States; financial terms were not disclosed.
-
- Buyer
- Vortex Companies
- Target
- Municipal Pipe Tool Company LLC
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Addon
Vortex Companies acquired Municipal Pipe Tool Company LLC (MPT), a sewer maintenance and rehabilitation contractor based in Hudson, Iowa. The deal is intended to strengthen Vortex’s trenchless infrastructure capabilities and expand its Midwest presence, building on MPT’s longstanding relationship with Vortex via CIPP Corp.
-
- Buyer
- NMI
- Target
- Dwolla
- Industry
- Payments & Fintech
- Location
- Iowa, United States
- Type
- Buyout
NMI, an embedded payments infrastructure provider, announced it has acquired Dwolla, an API-first account-to-account (A2A) payments and real-time/open banking money movement provider. The deal expands NMI’s embedded, white-labeled platform with modern A2A infrastructure, real-time payments, payouts, and related funds-flow capabilities. Dwolla’s CEO, Dave Glaser, will join NMI as Chief Operating Officer, and about 60 Dwolla employees will move to NMI.
-
May 13, 2026
- Buyer
- McCarthy-Bush Corporation
- Target
- Roemer Machine
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
McCarthy-Bush Corporation acquired Roemer Machine, a Davenport-based manufacturer known for centrifuge repair technical expertise and machining capabilities. The deal expands McCarthy-Bush’s manufacturing platform by adding specialized centrifuge repair capabilities while increasing machining capacity and broadening in-house services for customers across multiple industries.
-
- Buyer
- OneroRx
- Target
- Nucara Pharmacy Locations, Nucara Home Medical Equipment locations
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
OneroRx has completed its acquisition of 14 NuCara retail pharmacies and 10 NuCara home medical equipment locations in Iowa and Minnesota. The deal brings OneroRx to 91 locations across eight Midwest states, and the acquired sites will be rebranded as Medicap Pharmacy or Medicap Home Medical.
-
- Buyer
- Ed Morse Automotive Group
- Target
- Porsche Des Moines
- Seller
- Woodhouse Auto Group
- Industry
- Retail
- Location
- Iowa, United States
- Type
- Buyout
Ed Morse Automotive Group announced it has acquired the Porsche Des Moines dealership in West Des Moines, Iowa. The dealership was acquired from Woodhouse Auto Group, and the purchase expands Ed Morse’s presence in Iowa while adding Porsche Des Moines employees to its workforce.
-
April 2, 2026
- Buyer
- Ed Morse Automotive Group
- Target
- Porsche Des Moines
- Seller
- Jason Pittack of the Woodhouse Auto Family
- Industry
- Retail
- Location
- Iowa, United States
- Type
- Buyout
Ed Morse Automotive Group acquired Porsche Des Moines, a dealership previously owned by Jason Pittack of the Woodhouse Auto Family. The dealership will continue operating under the Porsche Des Moines name, and the transaction closed on April 1, 2026.
-
- Buyer
- Flex Ltd.
- Target
- Electrical Power Products, Inc. (EP2)
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Flex entered into a definitive agreement to acquire Electrical Power Products, Inc. (EP²) in an all-cash deal valued at approximately $1.1 billion (about $1.0 billion after anticipated tax benefits). The acquisition is intended to expand Flex’s Critical Power portfolio with engineered-to-order power control and protection capabilities for utility, power generation, and industrial customers.
-
March 16, 2026
- Buyer
- INVISION
- Target
- GastingerWalker
- Industry
- Professional Services
- Location
- Iowa, United States
- Type
- Buyout
INVISION and GastingerWalker announced they will merge under the INVISION brand, with the merger effective March 16, 2026. The combination unites two legacy architecture and design firms in The HFW Companies network to create a national architectural collective with nearly 200 employees.
-
- Buyer
- Principal Financial Group
- Target
- DentaNet, Southland Benefit Solutions, Canopy Insurance
- Seller
- Southland Benefit Solutions, Canopy Insurance, Collateral Holdings, LLC
- Industry
- Healthcare Services
- Location
- Iowa, United States
- Type
- Buyout
Principal Financial Group announced a definitive agreement to acquire Southland Benefit Solutions’ single-state dental network, DentaNet, in Alabama, and secure renewal rights for a block of group insurance contracts through Canopy Insurance. Both Southland Benefit Solutions and Canopy Insurance are subsidiaries of Collateral Holdings, LLC. The transaction is intended to strengthen Principal’s specialty benefits footprint in Alabama and expand its dental network capabilities across the Southeast.
-
February 19, 2026
- Buyer
- The Pokémon Company International
- Target
- Excell Brands
- Industry
- Retail
- Location
- Iowa, United States
- Type
- Buyout
The Pokémon Company International has entered into a definitive agreement to acquire Excell Brands, a U.S. distributor and category management service provider for trading cards and collectibles. The transaction is expected to close subject to regulatory approvals and customary closing conditions.
-
February 16, 2026
- Buyer
- Inovar Packaging Group
- Target
- Kiliper Corporation
- Seller
- Tom Kiliper, Lindsay Maysent
- Industry
- Packaging
- Location
- Iowa, United States
- Type
- Buyout
Inovar Packaging Group, a Dallas-based label and packaging provider, acquired Kiliper Corporation, a family-owned flexible packaging business, to expand its stretch sleeve, roll‑fed label, and printed film capabilities and strengthen its Midwest footprint. Kiliper’s co-owners Tom Kiliper and Lindsay Maysent will remain as co‑presidents following the transaction.
-
January 22, 2026
- Buyer
- Charcuterie Artisans, Industrial Opportunity Partners (IOP)
- Target
- La Quercia Cured Meats
- Seller
- Lynch Family Companies
- Industry
- Food & Beverage
- Location
- Iowa, United States
- Type
- Addon
Charcuterie Artisans acquired La Quercia Cured Meats, a U.S.-made prosciutto and dry-cured pork specialist. The deal includes La Quercia’s Norwalk, Iowa production facility and its full product portfolio, with plans to expand the plant’s capacity by about 50% and dedicate it exclusively to prosciutto production.
-
January 14, 2026
- Buyer
- J.F. Lehman & Company, JFL Equity Investor VI, L.P. (affiliate of J.F. Lehman & Company)
- Target
- Wellman Dynamics
- Seller
- TRM Equity
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
J.F. Lehman & Company, via an affiliate of JFL Equity Investor VI, L.P., acquired a majority interest in Wellman Dynamics, a Creston, Iowa-based manufacturer of large-scale magnesium and aluminum sand castings. TRM Equity sold the majority stake and will retain a meaningful minority position; the deal is positioned as a platform investment to expand Wellman's manufacturing capacity and pursue new aerospace and defense programs.
-
January 7, 2026
- Buyer
- Novae
- Target
- Aluma Trailers
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Novae, a leading North American trailer manufacturer, has acquired Aluma Trailers to expand its aluminum trailer product offering and strengthen its dealer-distributed platform. Aluma will remain headquartered in Bancroft, Iowa and led by CEO Mike Lloyd and the existing management team; financial terms were not disclosed.
-
January 6, 2026
- Buyer
- CapStone Holdings, Inc.
- Target
- Structurely
- Industry
- AI & Machine Learning
- Location
- Iowa, United States
- Type
- Buyout
CapStone Holdings has acquired Structurely, an AI-powered sales engagement platform that automates early-stage revenue conversations for real estate and mortgage organizations. The acquisition positions Structurely for accelerated product development, deeper partnerships, and scaled operations under CapStone’s ownership while leveraging Structurely’s large conversational dataset and AI capabilities.
-
January 6, 2026
- Buyer
- Fusion Capital Partners
- Target
- Excel Engineering, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.
-
January 1, 2026
- Buyer
- Lewis & Ellis, Inc.
- Target
- Griffith, Ballard & Company
- Industry
- Consulting
- Location
- Iowa, United States
- Type
- Buyout
Lewis & Ellis, Inc. announced that Griffith, Ballard & Company has joined Lewis & Ellis effective January 1, 2026. The combination expands Lewis & Ellis’s life actuarial capabilities and scale while allowing Griffith Ballard to continue operating from Cedar Rapids under its existing leadership and to contribute its Lifebase technology and actuarial expertise to the broader platform.
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