Tracked deals
924
924 tracked deals across 2006-2026.
Acquisitions in Minnesota
Buyer mix
Mixed buyer set
723 strategic · 507 pe
Top trend
Volume peaked in 2024
140 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 |
|---|---|---|---|
| O2 Investment Partners | 8 | Midwestern private equity firm that forms and backs lower... | PE |
| Arcline Investment Management | 6 | Growth-oriented private equity firm focused on building i... | PE |
| Northstar Capital | 6 | Investment manager specializing in junior capital, mezzan... | PE |
| Straightaway Tire & Auto | 6 | Independent, multi-location aftermarket automotive repair... | Strategic (PE-backed) |
| Clearlake Capital Group, L.P. | 5 | Private investment firm focused on software, technology-e... | PE |
| TA Associates | 5 | Global growth private equity firm focused on technology, ... | PE |
| Arsenal Capital Partners | 4 | Private equity firm specializing in middle‑market special... | PE |
| Arthur J. Gallagher & Co. | 4 | Global insurance brokerage, risk management and consultin... | Strategic |
| Bertram Capital | 4 | Lower middle‑market private equity firm focused on contro... | PE |
| Francisco Partners | 4 | Global private equity firm focused on technology and tech... | PE |
Acquisition Volume in in Minnesota by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
October 13, 2026
- Buyer
- Hawke Media
- Target
- Rocket55
- Seller
- Steven Ayres (Founder of Rocket55)
- Industry
- Marketing & Advertising
- Location
- Minnesota, United States
- Type
- Buyout
Hawke Media announced the acquisition of Rocket55, a Minneapolis-based full-service digital marketing agency. The deal expands Hawke Media’s Midwest presence and adds Rocket55’s capabilities in SEO, paid media, web development, RevOps, and digital strategy to Hawke Media’s national, full-service marketing platform.
-
October 9, 2026
- Buyer
- Stark Power
- Target
- Cottage Grove energy campus
- Seller
- Ultra Capital, Panamint Capital
- Industry
- Energy
- Location
- Minnesota, United States
- Type
- Buyout
Stark Power entered into a definitive agreement to acquire the Cottage Grove energy campus near Cottage Grove, Minnesota, from Ultra Capital and Panamint Capital. The campus includes a 262 MW natural gas-fired combined-cycle power plant and a planned 80 MW / 320 MWh battery energy storage project, with contracted revenues tied to Northern States Power (Xcel Energy).
-
October 1, 2026
- Buyer
- Cerity Partners
- Target
- Echo Wealth Management
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Buyout
Cerity Partners merged with Minneapolis-area Echo Wealth Management, adding approximately $337 million in assets under management and establishing a presence in Minnesota. The combined firm operates under the Cerity Partners name, while Echo clients continue working with their existing advisory team.
-
September 28, 2026
- Buyer
- Webster Equity Partners, MidCap Financial Trust, MSD Partners, Alcon Research
- Target
- Lifecore Biomedical
- Industry
- Pharmaceuticals
- Location
- Minnesota, United States
- Type
- Buyout
Lifecore Biomedical has entered into a definitive agreement to be acquired by Webster Equity Partners in a transaction valued at up to $663.7 million, subject to performance milestones tied to contingent value rights (CVRs). Webster will acquire all outstanding common shares for $6.28 per share in cash at closing plus one CVR per share, with additional payments possible based on revenue and EBITDA milestones.
-
September 23, 2026
- Buyer
- Wold Architects and Engineers, Providus Capital Partners
- Target
- Klein McCarthy Architects
- Industry
- Professional Services
- Location
- Minnesota, United States
- Type
- Buyout
Wold Architects and Engineers, backed by Providus Capital Partners, agreed to acquire Klein McCarthy Architects. The formal agreement closed on August 31, 2026. Klein McCarthy is a Minnesota-based architecture firm focused on justice and government facility design.
-
September 23, 2026
- Buyer
- Walser Automotive Group
- Target
- Freeway Ford, Metropolitan Ford, Suburban Chevrolet
- Seller
- Grossman family
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
Walser Automotive Group completed the acquisition of Freeway Ford, Metropolitan Ford, and Suburban Chevrolet to expand its presence in the Twin Cities market. The transaction adds nearly 300 employees and transfers ownership from the Grossman family to Walser.
-
September 15, 2026
- Buyer
- NFP
- Target
- Moores Insurance Management, Inc.
- Industry
- Insurance
- Location
- Minnesota, United States
- Type
- Buyout
NFP, an Aon company, acquired Moores Insurance Management, a Minneapolis-based multidisciplinary risk management firm. The deal expands NFP’s property and casualty (P&C) capabilities for high-net-worth individuals and commercial clients in Minnesota, while bringing Moores’ local relationships and personal lines expertise into NFP’s platform.
-
September 10, 2026
- Buyer
- Velosity
- Target
- Lucid Labs
- Seller
- Lucid founder and CEO Tim Hillukka (founder-owned business)
- Industry
- Medical Devices
- Location
- Minnesota, United States
- Type
- Addon
Graham Partners’ portfolio company Velosity acquired Lucid Labs, a founder-owned product design, engineering, and prototyping provider serving MedTech OEMs. The deal is intended to expand Velosity’s engineering and innovation capabilities so it can support customers across the full product lifecycle, from early concept development and rapid prototyping through full-scale manufacturing and commercialization.
-
September 4, 2026
- Buyer
- Franklin Electric Co., Inc.
- Target
- Cat Pumps Corporation
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Franklin Electric Co., Inc. completed its acquisition of Cat Pumps Corporation for $350 million in cash plus performance-based contingent consideration (up to $50 million) in Franklin Electric stock, for a potential total value of $400 million. The deal adds Cat Pumps’ high-pressure positive displacement pump technology and a recurring aftermarket revenue stream to Franklin Electric’s Energy Systems segment.
-
September 3, 2026
- Buyer
- Vitality
- Target
- Icario
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Vitality announced the acquisition of Icario, a digital-first health action company that helps health payers motivate hard-to-reach members to take meaningful steps toward better health outcomes. The combined organization aims to connect member activation and ongoing engagement with population health results, expanding Vitality’s reach in the U.S. market to serve 19 million members across 30% of U.S. health plans.
-
September 2, 2026
- Buyer
- Trafera
- Target
- Morris Electronics Inc.
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Addon
Trafera, a portfolio company of Rotunda Capital Partners, acquired Morris Electronics, a Morris, Minnesota-based IT solutions provider serving state and local government agencies and businesses. The acquisition adds Morris’s public-sector relationships and managed services, cybersecurity, network and application design, and IT outsourcing capabilities to Trafera’s platform.
-
September 1, 2026
- Buyer
- Frazier Healthcare Partners
- Target
- MatrixCare
- Seller
- ResMed
- Industry
- Software
- Location
- Minnesota, United States
- Type
- Buyout
Frazier Healthcare Partners completed its acquisition of MatrixCare from ResMed, making the post-acute care software provider a standalone company. Frazier plans to support MatrixCare’s next phase of growth through focused investment in product innovation and capabilities for post-acute care providers.
-
August 31, 2026
- Buyer
- BGM
- Target
- John T. Chipman & Company, LLP
- Industry
- Accounting & Tax
- Location
- Minnesota, United States
- Type
- Addon
BGM, a full-service accounting, tax, audit, and advisory firm headquartered in Bloomington, Minnesota, announced it has combined with John T. Chipman & Company, LLP (JTC), an accounting and advisory firm based in Norwood, Massachusetts. JTC will operate under the BGM name immediately, with its partners and team continuing to serve clients from the Norwood office, marking BGM’s first Northeast presence in the Boston area.
-
- Buyer
- Sanford Health
- Target
- North Memorial Health
- Seller
- Minnesota Attorney General's Office (regulatory sign-off/oversight approval)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Sanford Health, based in South Dakota, was allowed by the Minnesota Attorney General’s Office to move forward with its out-of-state acquisition of North Memorial Health. As part of the approval, Sanford signed a 10-year oversight agreement committing to maintain key services—especially at North Memorial’s Robbinsdale flagship safety net hospital—along with investments and protections for labor and patient care.
-
- Buyer
- Hidden Harbor Capital Partners
- Target
- Escape Fire Protection Inc.
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Hidden Harbor Capital Partners announced a strategic investment to acquire Escape Fire Protection Inc., a regional provider of fire, life & safety services. The company will be a new platform in Hidden Harbor’s third fund, with management remaining active and focused on growing recurring services and expanding into new markets across the Midwest.
-
August 25, 2026
- Buyer
- FORTÉ
- Target
- Vega Global
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Buyout
FORTÉ, a workplace communication and collaboration solutions provider, announced its acquisition of Vega Global, described as APAC's largest systems integrator for workplace technology and audiovisual solutions. The deal is intended to expand FORTÉ’s international presence and improve its ability to deliver and support global customers with local expertise.
-
August 24, 2026
- Buyer
- Mann Lake Ltd.
- Target
- Hive Hugger
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Buyout
Mann Lake Ltd., a beekeeping supplies manufacturer and distributor, announced it is acquiring Hive Hugger, a developer of insulation products for condensing-hive beekeeping. Hive Hugger’s co-founder Peggy DeSanto will remain an active ambassador, while production and distribution will move to Mann Lake’s headquarters in Hackensack, Minnesota.
-
August 18, 2026
- Buyer
- Arxis, Inc., Arcline Investment Management
- Target
- Omnetics Connector Corporation
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Arxis completed its previously announced acquisition of Omnetics Connector Corporation in a deal valued at approximately $770 million (subject to customary closing adjustments). At closing, Arxis issued 13,351,964 shares of its Class A common stock to former Omnetics shareholders, and Omnetics will operate within Arxis’ Electronic Components segment.
-
August 17, 2026
- Buyer
- Concentra
- Target
- Minnesota Occupational Health (MOH) medical centers (four locations in the Twin Cities)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Concentra completed its acquisition of four Minnesota Occupational Health (MOH) medical centers in the Twin Cities (Coon Rapids, Eagan, St. Paul, and Shakopee). Beginning August 17, the centers will operate under the Concentra brand and continue serving existing patients and employer customers while integrating Concentra’s clinical standards and technology.
-
- Buyer
- Sunstar Insurance Group, LLC
- Target
- RJR Faribo Insurance Agency
- Industry
- Financial Services
- Location
- Minnesota, United States
- Type
- Addon
Sunstar Insurance Group, backed by Reverence Capital Partners, partnered with and added RJR Faribo Insurance Agency to expand its Midwest presence, marking its first agency in Minnesota. The 22-employee agency, based in Eden Prairie and Faribault, becomes part of Sunstar’s integrated insurance brokerage platform.
-
- Buyer
- Switzer-CARTY Transportation Services Inc.
- Target
- Agnes Corporation
- Industry
- Transportation
- Location
- Minnesota, United States
- Type
- Buyout
Switzer-CARTY Transportation Services Inc. has entered into a definitive agreement to acquire Agnes Corporation and its group of operating subsidiaries. The deal marks Switzer-CARTY’s first cross-border expansion into the United States and is pending customary regulatory approvals, including review by the U.S. Surface Transportation Board.
-
July 29, 2026
- Buyer
- Investcorp
- Target
- Berger Financial Group, Inc.
- Industry
- Wealth Management
- Location
- Minnesota, United States
- Type
- Growth capital
Investcorp, a global alternative investment firm, has invested in Berger Financial Group, Inc., a full-service wealth management platform serving individual investors and retirement savers across the United States. The investment is intended to accelerate Berger’s growth, expand capabilities, and scale the planning-first, fee-based wealth management model in a fragmented North American RIA market.
-
July 24, 2026
- Buyer
- Carrier Global Corporation
- Target
- 75F
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Buyout
Carrier Global acquired 75F, a Minneapolis-based developer of cloud-native, wireless, AI-enabled building automation systems. The deal strengthens Carrier’s intelligent-building strategy by integrating 75F’s unified data layer, AI capabilities, and auto-commissioning into Carrier’s existing controls, predictive analytics, and data center thermal management platform.
-
- Buyer
- Betco Corporation
- Target
- Multi-Clean
- Seller
- Minuteman International
- Industry
- Manufacturing
- Location
- Minnesota, United States
- Type
- Divestiture
Betco entered into a definitive agreement to acquire Multi-Clean, a Minnesota-based commercial cleaning chemical manufacturer, from Minuteman International (a member of the Hako Group). In the same transaction, Betco will divest its powered equipment business to Minuteman, with the deal expected to close on July 31.
-
July 20, 2026
- Buyer
- Apax Digital Funds
- Target
- Inspectorio
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
Inspectorio, an AI-powered supply chain quality and risk management platform, announced a growth investment from the Apax Digital Funds. The funding is intended to accelerate development of its Paramo AI layer, expand into new industry verticals, and scale commercial operations for the platform used by brands and retailers and their supplier networks globally.
-
July 17, 2026
- Buyer
- Sizemore, Inc., Inspirit Equity
- Target
- Carlson Building Maintenance
- Seller
- Nick Giese, Kaylee Brown
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Addon
Sizemore, Inc. (backed by Inspirit Equity) has signed a definitive agreement to acquire Carlson Building Maintenance, a Minneapolis-based janitorial and facility services provider serving retail, grocery, and commercial customers across the Midwest. The deal establishes Carlson as a dedicated, retail-focused division within Sizemore, preserving its leadership team, workforce, and customer relationships.
-
July 15, 2026
- Buyer
- TRUMPF
- Target
- Mate Precision Technologies
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
TRUMPF has signed an agreement to acquire Mate Precision Technologies, expanding its punching and bending tooling portfolio for sheet metal fabricators worldwide. Mate will continue operating independently under its existing brand, with its management and international teams remaining in place.
-
July 10, 2026
- Buyer
- Sentinel Capital Partners
- Target
- DecoPac Inc.
- Seller
- Kohlberg
- Industry
- Consumer Products
- Location
- Minnesota, United States
- Type
- Buyout
Sentinel Capital Partners acquired DecoPac, a cake-decorating solutions supplier, from private equity firm Kohlberg. DecoPac is headquartered in Anoka, Minnesota and serves over 25,000 customer locations across the United States, Canada, and the United Kingdom, including commercial customers and DIY decorators through expanding e-commerce.
-
- Buyer
- Paddletek Group, Thirty-5 Capital
- Target
- PIKKL
- Seller
- Mike Strommen, Dan Martinson
- Industry
- Consumer Products
- Location
- Minnesota, United States
- Type
- Addon
Paddletek Group announced the acquisition of PIKKL, a performance pickleball paddle company, as part of its strategy to expand its technology and product portfolio. Alongside the acquisition, Paddletek also signed professional pickleball players JW Johnson, Jorja Johnson, Julie Johnson, and Hurricane Tyra Black to expand Team Paddletek.
-
- Buyer
- DecisionHR, Coalesce Capital
- Target
- Paymasters, Inc.
- Industry
- IT Services
- Location
- Minnesota, United States
- Type
- Addon
Coalesce Capital’s portfolio company DecisionHR acquired Paymasters, Inc., a Minnesota-based professional employer organization (PEO) serving clients across the Midwest. The deal expands DecisionHR’s Upper Midwest presence and strengthens its PEO and HR outsourcing platform for small and mid-sized businesses.
-
- Buyer
- Frazier Healthcare Partners
- Target
- MatrixCare
- Seller
- Resmed
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Divestiture
Frazier Healthcare Partners agreed to acquire MatrixCare from Resmed in a transaction that includes MatrixCare-branded software offerings such as Healthcare First and Citus, but excludes Resmed’s Brightree and MEDIFOX DAN businesses. The deal was reported completed in September 2026; Frazier plans to invest in product innovation and post-acute care capabilities, while Resmed said the sale supports its strategic focus on sleep, breathing, and connected home-based care.
-
July 7, 2026
- Buyer
- Transwestern
- Target
- Forte Real Estate Partners
- Industry
- Real Estate
- Location
- Minnesota, United States
- Type
- Buyout
Transwestern announced it has acquired Forte Real Estate Partners, a commercial real estate firm based in the Twin Cities. The deal adds Forte’s healthcare, office, and industrial tenant advisory team members and expands Transwestern’s property management portfolio in the Minneapolis–St. Paul market.
-
June 25, 2026
- Buyer
- Merck KGaA
- Target
- Bio-Techne Corporation
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Merck KGaA has entered a definitive agreement to acquire Bio-Techne for $73 per share in an all-cash transaction valued at about $11.3 billion (enterprise value). The deal is expected to close in late 2026 or early 2027, subject to regulatory approvals and Bio-Techne shareholder approval.
-
June 24, 2026
- Buyer
- DUOS
- Target
- Linkwell Health
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
DUOS, a “performance infrastructure for health plans,” announced it has acquired Linkwell Health to strengthen its end-to-end platform from enrollment through care completion and health outcomes. The acquisition deepens DUOS’ AI-powered activation layer and expands its footprint to more than 20 health plans nationwide.
-
June 23, 2026
- Buyer
- C.H. Robinson
- Target
- DeSpir Logistics
- Industry
- Transportation
- Location
- Minnesota, United States
- Type
- Buyout
C.H. Robinson acquired DeSpir Logistics, a North America provider of secure transportation and cargo escort services for mission-critical, high-value freight, for approximately $75 million in cash. The deal enhances C.H. Robinson’s premium logistics capabilities by expanding its security-focused, vetted carrier network and adding advanced high-security monitoring and tampering-detection technology.
-
June 18, 2026
- Buyer
- Premier Biotech, Align Capital Partners
- Target
- NexScreen, TransMed
- Seller
- John Debrovner (CEO of NexScreen), Ted Bernhardt (owner of TransMed)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Addon
Align Capital Partners-backed Premier Biotech announced the acquisitions of NexScreen and TransMed to expand its product portfolio, e-commerce capabilities, and global footprint. NexScreen adds point-of-care diagnostic testing presence in Australia and New Zealand, while TransMed strengthens Premier’s catalog and online distribution to 1,000+ direct customer accounts.
-
June 18, 2026
- Buyer
- DXP Enterprises, Inc.
- Target
- General Repair Service
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Addon
DXP Enterprises, Inc. has completed the acquisition of General Repair Service, a Minnesota-based provider of pumps, blowers, and related process equipment for water and wastewater and industrial markets. DXP says the deal furthers its national water and wastewater strategy and adds service and repair capabilities to its DXP Water platform.
-
June 17, 2026
- Buyer
- Centri Business Consulting
- Target
- Altair Associates, Inc.
- Industry
- Accounting & Tax
- Location
- Minnesota, United States
- Type
- Buyout
Centri Business Consulting acquired Altair Associates, a Minneapolis-based property and casualty insurance and reinsurance underwriting and claims advisory firm. The transaction closed on June 12, 2026, marking Centri’s first acquisition and expanding its Insurance Practice.
-
June 16, 2026
- Buyer
- Bertram Capital, The Bluebird Group founders
- Target
- The Bluebird Group
- Seller
- H.I.G. Capital
- Industry
- Data & Analytics
- Location
- Minnesota, United States
- Type
- Recapitalization
H.I.G. Capital sold its minority stake in The Bluebird Group as the company’s founders and Bertram Capital recapitalized the business. The companies did not disclose financial terms. Bluebird is an omnichannel, data and analytics-driven commerce services partner headquartered in Minneapolis, Minnesota.
-
- Buyer
- Truelink Capital
- Target
- Horwitz
- Seller
- Svoboda Capital Partners
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Growth capital
Truelink Capital entered into a definitive agreement to make a significant investment in Horwitz, a Minneapolis-based provider of mechanical, electrical, and plumbing (MEP) services serving complex commercial and industrial facilities across the Twin Cities and broader Midwest. Horwitz’s management team, led by CEO Matt Dekkers, will continue to lead the business and retain a significant ownership stake. Financial terms were not disclosed.
-
June 16, 2026
- Buyer
- Dahl Automotive
- Target
- Happy Chrysler dealerships in Rochester (Hyundai and Chrysler Dodge Jeep Ram dealership properties)
- Seller
- Happy Auto Group
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
Family-owned Dahl Automotive acquired two Rochester dealerships—Hyundai and Chrysler Dodge Jeep Ram—from Happy Auto Group for $23.55 million. The deal closed on June 15, with almost 100 employees expected to remain and Dahl naming a new general manager, Chris Jessen.
-
- Buyer
- Sleep Country Canada Inc.
- Target
- Sleep Number Corporation
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
Sleep Country Canada acquired substantially all of the assets of Sleep Number through a court-supervised Chapter 11 (Section 363) process. The deal was announced in June and completed on July 21, 2026, expanding Sleep Country Canada into the U.S. and making it the second-largest sleep retailer in the world.
-
June 11, 2026
- Buyer
- Chase Corporation
- Target
- Sheldahl
- Seller
- Flex
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Chase Corporation acquired Sheldahl from Flex to expand its aerospace and electronics engineered materials capabilities, particularly specialized thin-film technologies. The transaction closed upon signing and financial terms were not disclosed.
-
June 10, 2026
- Buyer
- Ridgewood Infrastructure LLC
- Target
- Dauntless Air
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Ridgewood Infrastructure LLC acquired Dauntless Air, an aerial firefighting and emergency management infrastructure provider supporting wildfire response. Dauntless operates North America’s largest fleet of Fire Boss aircraft and delivers aerial firefighting capacity to government agencies under long-term availability-based contracts. Financial terms were not disclosed, and Dauntless will continue to be led by CEO Brett L’Esperance and the existing management team.
-
June 3, 2026
- Buyer
- Cadence Education
- Target
- Especially for Children
- Seller
- Angie Williams (former owner of Especially for Children)
- Industry
- Healthcare Services
- Location
- Minnesota, United States
- Type
- Buyout
Cadence Education has acquired Especially for Children, a nine-school early childhood education provider serving families across the Minneapolis-St. Paul metropolitan area. The deal expands Cadence’s national footprint to 350 private preschool schools across the United States while strengthening its presence in Minnesota.
-
- Buyer
- Atmosphere Commercial Interiors
- Target
- Acre (formerly known as General Office Products)
- Seller
- John Boss, Dave Boss, Jack Boss (late co-founder, referenced)
- Industry
- Retail
- Location
- Minnesota, United States
- Type
- Buyout
Atmosphere Commercial Interiors, an Omni company headquartered in Minneapolis, Minnesota, acquired Acre (formerly General Office Products) effective June 1, 2026. Both are Steelcase furniture dealerships serving the greater Minneapolis market, and the combined organization plans a phased integration while expanding capabilities in education and the public sector.
-
- Buyer
- Straylight Capital, Scaleworks
- Target
- Patron Points
- Industry
- Cloud & SaaS
- Location
- Minnesota, United States
- Type
- Growth capital
Patron Points, a Woodbury, Minnesota-based loyalty and customer engagement software provider for convenience stores, secured a strategic growth investment led by Straylight Capital. The round also included Scaleworks and other Straylight co-investors, and the company plans to expand nationally and advance its loyalty, promotions, portal, self-service tools, and AI-powered business intelligence.
-
May 26, 2026
- Buyer
- Northern Oil and Gas, Inc., Carnelian Energy Capital Management, L.P.
- Target
- Parallax Energy Operating Inc., Light-Oil Duvernay Assets (Duvernay East Shale Basin)
- Seller
- Parallax Energy Operating Inc. (Seller referenced for the assets/interest)
- Industry
- Oil & Gas
- Location
- Minnesota, United States
- Type
- Buyout
Northern Oil and Gas (NOG) has agreed to purchase an undivided 25% interest in Parallax Energy Operating Inc.’s Light-Oil Duvernay assets for an initial unadjusted purchase price of CA$350 million (about US$259 million). The transaction is funded with NOG common stock plus cash and includes potential CA$25 million contingent consideration, with NOG expecting to close late in the second quarter of 2026.
-
May 21, 2026
- Buyer
- Trinity Hunt Partners
- Target
- Landscape Endeavors
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Dallas-based Trinity Hunt Partners closed its first platform investment under a buy-and-build strategy, acquiring Minnesota-based Landscape Endeavors to form Elevation Landscape Group. The combined business targets a national commercial landscaping platform using the acquired company as an anchor for future add-on acquisitions across North America.
-
- Buyer
- Installed Building Products, Inc.
- Target
- Diamond Energy Systems, Inc. (DESI)
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Addon
Installed Building Products, Inc. (NYSE: IBP) announced the acquisition of Diamond Energy Systems, Inc. (DESI), a Minnesota-based mechanical insulation services company. The deal adds approximately $12 million in annual revenue and expands Installed Building Products’ mechanical insulation offerings across the Upper Midwest retrofit market.
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