Tracked deals
20
20 tracked deals across 2026.
Tracked deals
20
20 tracked deals across 2026.
Buyer mix
Strategic-led
17 strategic · 7 pe
Top trend
Volume peaked in 2022
21 tracked deals announced in 2022.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Inszone Insurance Services | 2 | National full-service insurance brokerage providing comme... | Strategic |
| A-LIGN | 1 | Cybersecurity compliance provider delivering assurance an... | Strategic |
| Continuim Equity Partners | 1 | Private equity firm focused on acquiring and accelerating... | PE |
| Continuim Equity Partners Fund II, LP | 1 | Continuim’s Fund II vehicle making the platform investmen... | PE |
| Crescentia Capital | 1 | Lower middle-market equity buyout firm focused on control... | PE |
| Curated Events | 1 | National luxury event rental and production company provi... | Strategic (PE-backed) |
| Export Development Canada (EDC) | 1 | Provides project-level debt financing to support energy a... | Mixed |
| GTCR | 1 | Private equity firm investing in and partnering with mana... | PE |
| IDI, Insulation Distributors, Inc. | 1 | Family-owned distributor of insulation materials, equipme... | Strategic |
| Impact Fire | 1 | Full-service fire protection and life-safety company prov... | Strategic (PE-backed) |
Last 9 years
Supporting Data
Tactacam, a provider of cellular-connected cameras for outdoor and security markets, completed its sale to GTCR. GTCR acquired the company from Bertram Capital and the company’s founders, with CEO and co-founder Jeff Peel continuing to lead Tactacam and retain significant ownership alongside co-founder Ben Thorud.
Revolve Renewable Power Corp. signed definitive agreements to acquire 100% of the equity interests in the 9.6 MW Horseshoe Bend Wind Project in Montana for total consideration of US$10.48 million. The acquisition is expected to be funded through project-level debt financing from Export Development Canada (EDC) and Vancity Capital Corporation (Vancity), alongside proceeds from Revolve’s previously announced bridge credit facility with Whitfield.
A-LIGN, a cybersecurity compliance provider, announced its acquisition of Pathfynder, a specialized offensive and defensive cybersecurity firm. The deal expands A-LIGN’s service offerings to include advanced penetration testing, red teaming, adversary emulation, forensics, and incident response for enterprise customers with complex security needs.
Continuim Equity Partners acquired a majority interest in Resodyn Corporation and the assets of Resodyn Acoustic Mixers, Inc., alongside strategic growth capital to fund Resodyn’s expansion. The deal positions Resodyn as Continuim’s platform in industrial mixing and materials processing, with founder Lawrence Farrar remaining a shareholder and transitioning to Chief Technology Officer.
Silver Bow Mining Corp. entered into a definitive asset purchase agreement to acquire the Jefferson County Metallurgical Complex from Montana Goldfields, Inc. and Montana Tunnels Mining, Inc. The complex includes milling and flotation infrastructure and the historic Montana Tunnels M-Pit, and the transaction is structured as a Chapter 11/Section 363 sale process subject to approvals and customary closing conditions. The September 4, 2026 update reports bankruptcy court approval and completion of the initial closing, with final ownership transfer expected at a later final closing.
Vero Broadband, doing business as Vero Fiber, entered into a definitive agreement with Montana Sky Networks (MontanaSky) to merge the two fiber broadband providers. The merger was later officially completed, creating a single locally operated provider focused on expanding fiber-to-the-premises connectivity across Northwest Montana.
Curated Events, a national luxury event rental and production company backed by MRE Capital, announced it has acquired Montana Party Rentals, a Bozeman, Montana-based specialty event rental business. The deal expands Curated Events’ integrated luxury event production platform into the Mountain West, adding premium tenting and regional design-forward rental expertise.
IDI, Insulation Distributors, Inc. announced it has acquired Design North Supply, a distributor of spray foam and polyurea serving insulation applicators across the Northwestern U.S. and Alaska. The deal expands IDI’s geographic coverage into Montana, Alaska, and the broader Northwest, adding products and national distribution support for Design North’s customers.
Inszone Insurance Services has acquired BenefitRiver, LLC, an employee benefits agency with locations in Bozeman, Montana and Golden, Colorado. The deal expands Inszone’s footprint in Montana and Colorado while adding specialized employee benefits expertise and supporting continuity by bringing key BenefitRiver team member Jen Bernier into Inszone.
Mobix Labs, Inc. has signed a definitive agreement to acquire Vision Aerial, Inc., a Montana-based manufacturer of American-built, NDAA-compliant drones used for national security, government, energy, public safety, and critical infrastructure missions. The deal is expected to cost approximately $15 million, payable in a combination of cash and Mobix Labs common stock, and is subject to customary closing conditions including shareholder approval.
United Flow Technologies (UFT), a Berkshire Partners portfolio company, announced it has acquired Peak Group Companies to expand its water and wastewater footprint across the Northern Rockies and Northern Plains. The acquisition bolsters UFT’s capabilities in pumps, process equipment, and wastewater construction, maintenance, and service. Financial terms were not disclosed.
Wallwork Truck Center, Inc. acquired Motor Power Equipment, a Kenworth dealership operating in Billings and Great Falls, Montana, and Casper, Wyoming, from the Sunwall family. The Motor Power locations will remain open and the dealership will be renamed Motor Power—A Division of Wallwork Truck Center.
Marsh McLennan Agency (MMA) acquired Seitz Insurance Agency, an independent insurance agency based in Sidney, Montana. Financial terms were not disclosed, and all Seitz employees—including co-owners David Seitz and Camila Skinner—will join MMA and continue operating from their existing locations.
Merit Financial Advisors acquired Strategic Retirement Plans (SRP), an independent wealth management firm headquartered in Billings, Montana with an additional office in Gillette, Wyoming. SRP manages approximately $586 million in total client assets and serves roughly 800 households; its owners and advisors, Gabe Lapito and Ryan Gomendi, joined Merit as Area Directors, Wealth Managers and Partners. The transaction was finalized on March 27, 2026, and SRP will rebrand to Merit Financial Advisors.
River Associates’ portfolio company The Rubber Group acquired Diversified Plastics, Inc. (DPI), a precision plastics manufacturer. The combination integrates rubber, plastics, and urethane capabilities and keeps DPI operating from its existing Missoula, Montana facility under the new name Diversified Plastics Industrial Solutions.
Synsus Private Label Partners, LLC (Synsus) announced it has acquired Emerald Bioagriculture (Emerald), a biostimulant technologies innovator. The deal is intended to expand Synsus’ technology portfolio and accelerate development and integration of eco-friendly, bio-based inputs for growers, turf managers, and homeowners.
Inszone Insurance Services has acquired Streeter Brothers Insurance, a long-established generalist insurance agency based in Billings, Montana. The deal keeps Streeter Brothers operating from its current location with its existing staff in place, while providing access to Inszone’s carrier relationships, technology platforms, and operational resources.
Specialty Program Group LLC (SPG) acquired Proper Insurance, a provider of insurance solutions tailored to short-term rental properties. Proper, founded in 2014 and based in Bozeman, Montana, offers a commercial policy designed to replace traditional homeowners or landlord coverage for hosts and professionally managed portfolios.
Snowflake has signed a definitive agreement to acquire Observe, an AI-powered observability platform. The deal is intended to bring Observe’s AI site reliability engineering capabilities into Snowflake’s AI Data Cloud and deliver an open-standard, scalable observability architecture built on Apache Iceberg and OpenTelemetry.
Impact Fire has acquired High Tech Solutions - Systems Group, a Billings, Montana-based provider of fire alarm, security, access control and low-voltage systems, establishing Impact Fire's presence in Montana. The deal brings High Tech Solutions' installation, inspection, maintenance and monitoring capabilities and its team to Impact Fire; owners Mike Ard and Justin Becker supported the partnership.
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