Tracked deals
14
14 tracked deals across 2025.
Acquisitions in Montana in 2025
Buyer mix
Mixed buyer set
12 strategic · 4 pe
Top trend
Volume peaked in 2022
21 tracked deals announced in 2022.
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 |
|---|---|---|---|
| Allied Services Group | 1 | New electrical services platform formed by Bear Castle to... | Strategic (PE-backed) |
| Atlantic Aviation | 1 | Operator of a nationwide fixed-base operator (FBO) networ... | Strategic |
| Basin Creek Acquisition LLC | 1 | Special-purpose acquisition vehicle formed to acquire the... | Investor |
| Bear Castle Capital | 1 | Building‑industry focused private investment firm that in... | PE |
| Benford Capital Partners | 1 | Chicago-based private equity firm focused on buying and b... | PE |
| Epiphany Dermatology | 1 | Platform dermatology company partnering with leading derm... | Strategic |
| Fullcast | 1 | Go-to-market (GTM) sales performance management platform ... | Strategic |
| Inszone Insurance Services | 1 | Full-service insurance brokerage offering property & casu... | Strategic |
| NoFraud | 1 | Ecommerce fraud prevention and checkout solution provider... | Strategic |
| Pacific Steel & Recycling | 1 | Operator of scrap metal recycling and surplus steel distr... | Strategic |
Acquisition Volume in in Montana in 2025 by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
- Buyer
- Bear Castle Capital, Allied Services Group
- Target
- Colstrip Electrical, Inc.
- Industry
- Construction
- Location
- Montana, United States
- Type
- Addon
Bear Castle Capital formed a new electrical services platform, Allied Services Group, and completed the acquisition of Colstrip Electrical, Inc. (CEI). CEI — a full‑service electrical contractor serving Montana, North Dakota, South Dakota and Wyoming across power, industrial, aerospace/defense, healthcare and data center end markets — will remain led by its existing management as Allied scales the platform with Bear Castle's capital and industry expertise.
-
October 27, 2025
- Buyer
- Epiphany Dermatology
- Target
- Big Sky Dermatology
- Industry
- Healthcare Services
- Location
- Montana, United States
- Type
- Addon
Epiphany Dermatology announced a partnership with Big Sky Dermatology to expand its presence in Montana; Dr. Shannon Setzer and her clinical team will continue seeing patients at their Bozeman location while gaining Epiphany’s operational support. The partnership expands Epiphany’s provider network and enhances access to medical and cosmetic dermatology care in the greater Bozeman area.
-
October 14, 2025
- Buyer
- Serent Capital
- Target
- Edulog
- Industry
- Software
- Location
- Montana, United States
- Type
- Growth capital
Edulog, a Missoula-based provider of K-12 student transportation software, received a strategic growth investment from Serent Capital to accelerate development of its cloud-native Athena platform and expand its reach across U.S. and Canadian school districts. As part of the partnership, Perry Turbes will join Edulog’s board through Serent’s OED program and Macquarie Capital served as exclusive financial advisor; terms were not disclosed.
-
October 8, 2025
- Buyer
- NoFraud
- Target
- Yofi AI
- Seller
- Nyca Partners, Point72 Ventures, eBay Ventures
- Industry
- Cybersecurity
- Location
- Montana, United States
- Type
- Buyout
NoFraud has acquired Yofi AI to expand its ecommerce protection capabilities beyond payment fraud into returns and policy abuse detection. Yofi AI — backed by Nyca Partners, Point72 Ventures, and eBay Ventures — will be integrated into NoFraud’s platform ahead of the holiday season to provide unified, real-time protection for merchants.
-
September 2, 2025
- Buyer
- Atlantic Aviation
- Target
- Glacier Jet Center, Rocky Mountain Aircraft Services
- Industry
- Transportation
- Location
- Montana, United States
- Type
- Buyout
Atlantic Aviation expanded its FBO network to 106 locations with the acquisition of Glacier Jet Center and Rocky Mountain Aircraft Services at Glacier Park International Airport (GPI) in Kalispell, Montana. The deal brings Atlantic’s full range of passenger/crew support, fueling, heated hangars and on-field Part 145 maintenance under its brand as it enters the Montana market.
-
August 27, 2025
- Buyer
- Fullcast
- Target
- Atrium
- Industry
- Cloud & SaaS
- Location
- Montana, United States
- Type
- Buyout
Fullcast has acquired Atrium to combine Atrium's AI-driven sales performance insights with Fullcast's GTM planning and execution capabilities, creating an end-to-end, AI-powered revenue lifecycle platform. The deal integrates analytics, coaching and commission management with territory and quota planning to provide a unified platform for revenue operations teams.
-
- Buyer
- Inszone Insurance Services
- Target
- Rocky Mountain Insurance Group, LLC
- Seller
- Gena Gaub
- Industry
- Insurance
- Location
- Montana, United States
- Type
- Buyout
Inszone Insurance Services has acquired Rocky Mountain Insurance Group, LLC, marking Inszone’s first expansion into Montana. The acquisition brings the benefits-focused agency founded by Gena Gaub into Inszone’s platform, enhancing Inszone’s benefits capabilities and providing Rocky Mountain’s clients access to broader carrier options and commercial/property lines.
-
July 9, 2025
- Buyer
- The Vomela Companies, The Riverside Company
- Target
- PFL
- Industry
- Marketing & Advertising
- Location
- Montana, United States
- Type
- Addon
The Vomela Companies has acquired PFL, a Livingston, Montana-based direct mail automation and printing company, as an add-on to Vomela's platform. PFL will operate as a division in its Livingston facility and its automation platform (which integrates with Salesforce, Adobe Marketo Engage, Iterable and others) expands Vomela's data-driven, multi-channel marketing and direct mail capabilities; the deal is backed by Vomela sponsor The Riverside Company.
-
May 14, 2025
- Buyer
- Pacific Steel & Recycling
- Target
- Steel Etc.
- Industry
- Industrial Services
- Location
- Montana, United States
- Type
- Buyout
Pacific Steel & Recycling has acquired Steel Etc., a Great Falls, Montana-based surplus steel and recycling business. Pacific Steel said all Steel Etc. employees will retain their jobs and framed the deal as an expansion of its regional footprint and commitment to the Great Falls community.
-
May 2, 2025
- Buyer
- Visionary Broadband
- Target
- MTWeb
- Industry
- Telecommunications
- Location
- Montana, United States
- Type
- Buyout
Visionary Broadband has acquired Montana-based MTWeb to expand its footprint in Whitehall and nearby communities including Twin Bridges, Pipestone and Cardwell. The MTWeb owner Joel Andrews and two employees will join Visionary Broadband as the buyer rolls out expanded/faster internet services in the area; no financial terms were disclosed.
-
March 4, 2025
- Buyer
- Vero Broadband, LLC (Vero Fiber)
- Target
- Montana Digital, LLC (MtnMax brand)
- Industry
- IT Services
- Location
- Montana, United States
- Type
- Buyout
Vero Broadband, LLC, doing business as Vero Fiber, announced the acquisition of Montana Digital, LLC, which operates under the MtnMax brand. The deal expands Vero’s fiber-to-the-premises (FTTP) presence into Montana and adds Montana Digital’s Flathead County network and enterprise connectivity capabilities.
-
January 17, 2025
- Buyer
- Benford Capital Partners, R.M. Young Company, LLC
- Target
- SensorLogic Inc.
- Industry
- Manufacturing
- Location
- Montana, United States
- Type
- Addon
Benford Capital Partners and its portfolio company R.M. Young Company have acquired SensorLogic Inc., a Bozeman, Montana–based maker of radar-based environmental sensors including the SNOdar snow-depth sensor. The deal expands R.M. Young's product portfolio and distribution footprint in meteorological and environmental measurement solutions; SensorLogic founder Doug Roberts will remain with the business post-closing.
-
January 13, 2025
- Buyer
- Vagaro
- Target
- Schedulicity
- Industry
- Cloud & SaaS
- Location
- Montana, United States
- Type
- Buyout
Vagaro, a provider of salon, spa and fitness business management software, has acquired scheduling platform Schedulicity. The deal brings Schedulicity's appointment-booking user base and capabilities into Vagaro's product suite to expand services and support for beauty, wellness and fitness professionals.
-
January 9, 2025
- Buyer
- Basin Creek Acquisition LLC, Platform Partners LLC, William Pate
- Target
- Basin Creek HoldCo, LLC
- Seller
- Hull Street Energy, Milepost Power
- Industry
- Energy
- Location
- Montana, United States
- Type
- Divestiture
Hull Street Energy sold Basin Creek HoldCo, LLC, a 53 MW natural gas-fired power plant in Butte, Montana, to Basin Creek Acquisition LLC, an acquisition vehicle formed by Platform Partners LLC and William Pate. The sale transfers ownership of the plant (formerly part of the Milepost Power portfolio) as Hull Street Energy exits the asset and the new owners take on a local generation and grid-reliability asset.
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