Acquisitions in Nevada in 2023

Curios, a Web3 creator marketplace, has acquired E-NFT.com (the E‑NFT marketplace) following a transition of management from Vinco Ventures, Zash Global, and Emmersive Entertainment. Curios plans to integrate E‑NFT and its 100,000+ users into its Creator Marketplace to revive the E‑NFT marketplace and expand digital music NFT offerings for creators and collectors.

Bowman Consulting Group Ltd. (NASDAQ: BWMN) has acquired CFA, Inc., a Reno, Nevada-based civil engineering, surveying, planning and remote sensing firm. The acquisition — financed with cash, seller notes and equity — brings roughly 30 CFA professionals into Bowman and strengthens Bowman's presence in Nevada, with an initial annualized net service billing run rate of about $5 million.

EōS Fitness, a Dallas-headquartered national gym operator, acquired UFC Fit Silverado, an MMA-inspired fitness facility in Las Vegas, Nevada. The deal adds a local location to EōS's growing High Value. Low Price. (HVLP) footprint and converts UFC Fit Silverado members and staff into the EōS network as part of the company's ongoing Las Vegas expansion.

Savory Fund has made a growth investment in Houston TX Hot Chicken (also referred to as Houston’s Hot Chicken), marking the private equity firm’s 11th portfolio brand. Savory plans to help scale the fast-casual Nashville hot chicken concept through a mix of corporate and franchised openings across existing and new U.S. markets.

Vivid Seats Inc. (NASDAQ: SEAT) acquired Vegas.com in a cash-and-stock transaction valued at approximately $240 million (about $151.2M cash and $88.8M in Vivid Seats Class A common stock). The deal brings the Las Vegas-focused entertainment and travel marketplace onto Vivid Seats' platform to increase scale and inventory in the Las Vegas market and expand its total addressable market.

GEF Capital Partners has completed a growth capital investment in Polargy, Inc., a designer and manufacturer of data center airflow and energy-efficiency infrastructure solutions. The existing executive team will remain in place and the investment will support capacity expansion, product development and entry into new geographic markets; FMI Capital Advisors served as Polargy's exclusive financial advisor.

uAvionix Corporation has acquired Iris Automation, combining uAvionix's communications, navigation and surveillance (CNS) capabilities with Iris Automation's computer vision-based Detect and Avoid (DAA) systems. The deal strengthens uAvionix's ability to offer a multi-layered safety architecture for crewed and uncrewed aircraft and includes a leadership change with Jon Damush (former Iris CEO) named CEO of uAvionix.

Agilea Solutions has acquired Workerbee, an on-demand talent marketplace that connects businesses with vetted corporate software experts for platforms like UKG, Workday, SAP, and Salesforce. Workerbee will operate independently under Agilea leadership (Heiko Roth as CEO) and its Workerbee Enterprise product will add centralized account management and PO-based billing to Agilea's HCM systems-integration offerings.

Jogan Inc., a venture capital holding company based in Englewood, Colorado, has acquired emergency management firm All Hands Consulting (AHC). The deal brings AHC into Jogan’s portfolio to expand its emergency management, resiliency, and consulting capabilities and to support growth alongside Jogan’s existing healthcare and transportation businesses.

XFS Global, LLC — a newly formed SDVOSB backed by Lake Country Capital — has acquired the assets of Creative Tent International, LLC and relocated the manufacturing operation from Las Vegas, Nevada to Natural Bridge Station, Virginia. The deal expands XFS Global's manufacturing footprint and capabilities (including RF welding, sewing/cutting, metal fabrication and kitting) and places Creative Tent's leadership team in charge of the new company.

Inszone Insurance Services has acquired Citizen Choice Insurance & Investments, bringing the Las Vegas-based agency into Inszone's national brokerage platform. The deal expands Inszone's presence and service offerings in Nevada while Citizen Choice will continue to operate from its existing Las Vegas office.

Crescendo Capital Partners completed a majority recapitalization of Nevada Drywall, Stucco & Stone Inc. (NDSS) on September 15, 2023, with Stonehenge Capital providing senior debt and equity co-investment. NDSS principals (including co-owner Marc Garrick) retain equity and remain in leadership; GulfStar Group served as exclusive financial advisor to NDSS.

Ripple has agreed to acquire Fortress Trust, a subsidiary of Fortress Blockchain Technologies, bringing a Nevada trust license and Web3 custody and payments infrastructure into Ripple's enterprise crypto stack. The acquisition expands Ripple's regulatory licenses and capabilities across payments, custody, and tokenization; the deal remains subject to due diligence and regulatory approvals.

Intermountain Health, a nonprofit hospital system based in Utah, has acquired Advent Home Health, a Las Vegas–based home health provider owned by Salvador Agonias and his family since 2008. M&A Healthcare Advisors (MAHA) represented the sellers during the transaction as Intermountain expands its provider services across the Southwest United States.

RBC Bearings Incorporated has acquired the business assets of Specline, Inc., a Carson City, Nevada-based manufacturer of precision bearings for the commercial and defense aerospace markets, for $18.7 million. The acquisition (Specline employs 38 people and generated approximately $8.4 million in trailing twelve-month sales) expands RBC's aerospace product offering and increases its production capacity.

Arcadea Group, a long-hold, growth-oriented SaaS investor, has made a majority strategic growth investment in Flight Vector, a provider of dispatch, fleet and operations software for air and ground transport customers. The deal will support accelerated product development, expanded services and international growth while Flight Vector’s founder and CEO, Scot Cromer, remains in place with a meaningful equity stake.

Endeavor Fire Protection, a platform company sponsored by Building Industry Partners (BIP), has acquired High Sierra Fire Protection, a Reno-based fire protection contractor that serves Nevada and California. The deal expands Endeavor's geographic footprint and service capabilities in the Western U.S., particularly across the Greater Reno–Tahoe market and into key end markets such as data centers, industrial, and healthcare.

UPSTACK has acquired Sidepath Global Inc., a Henderson, Nevada-based telecom solutions provider, and entered a strategic partnership with Sidepath Inc., the company's Laguna Hills, California-based VAR. The deal brings Sidepath Global's subscription-based data center, UCaaS/CCaaS, connectivity and cloud services business (serving ~150 customers) into UPSTACK; founders Jim Andronaco and Patrick Mulvee will remain involved with the VAR business while Andronaco joins UPSTACK as a Partner and Managing Director. Terms were not disclosed.

SRS Distribution Inc. has acquired Washoe Building Supply Inc., a Sparks, Nevada-based distributor of residential and commercial roofing products. The McGrath family (Scott, Zach and Christina) will remain in leadership roles at Washoe; terms were not disclosed and SRS said the acquisition complements its existing Roof Line presence in Reno as part of its Nevada expansion.

America's Group, a nationwide vehicle auction and remarketing company based in Carmel, Indiana, has acquired DAA Las Vegas, a full-service vehicle auction facility. The acquisition expands America's Group's national footprint and adds a 17-acre Las Vegas auction site with reconditioning and mechanical services to its network.

Sound Partners and Calico Group have jointly acquired Tradewinds Mechanical, LLC, a Las Vegas–based commercial HVAC‑R services company, and have combined it with acquisitions of S&R Air Conditioning (Los Angeles) and Climate Specialists (Austin) to form The Mechanical Group. The investors plan to grow a Southwest HVAC‑R platform, retain existing operating teams (with Steven Brayet serving as President and Matt Shaw as COO), and continue expanding service offerings; financial terms were not disclosed.

Beacon (Nasdaq: BECN) has acquired Silver State Building Materials, Inc., a family-owned distributor and residential roofing business based in Gardnerville, Nevada that serves the South Lake Tahoe and Reno markets. Beacon said the acquisition expands its branch footprint and supports its Ambition 2025 growth goals, with a focus on improving customer experience and providing contractors access to tools like Beacon PRO+.

Springs Window Fashions, whose ownership is backed by Clearlake Capital Group, has acquired Sunburst Shutters & Window Fashions. Sunburst, based in Las Vegas, manufactures premium shutters and other custom window treatments in multiple U.S. facilities and sells through national retailers and its own nationwide showrooms; the deal is intended to expand Springs' presence in the shutter market and leverage Sunburst's manufacturing and showroom footprint.

Midwest Growth Partners, a private equity firm based in West Des Moines, Iowa, has made a growth-capital investment in French Gourmet, LLC, a Sparks, Nevada-based manufacturer of artisanal frozen and pre-proofed pastries. The investment is positioned to support the company's next phase of growth and succession planning alongside founder Patrick Novak.

Aspirion, a technology-enabled healthcare revenue cycle management provider headquartered in Columbus, Georgia, has acquired FIRM Revenue Cycle Management Services, Inc., an attorney-driven RCM firm based in Las Vegas, Nevada. The acquisition, which closed on May 18, 2023, will integrate FIRM RCM's denied-claims recovery expertise into Aspirion's platform to expand capabilities for hospital and health system clients.

WOW Carwash has acquired Soap City Express Car Wash, an express car wash location near downtown Las Vegas, as part of its regional expansion. The deal is supported by Garnett Station Partners, which previously made a growth investment in WOW; the location will be rebranded to WOW as the company expands its Las Vegas footprint.

Boston Omaha Asset Management, a wholly owned subsidiary of Boston Omaha Corporation, acquired the remaining ownership interest in 24th Street Asset Management, increasing BOAM's ownership from 48% to 100%. The transaction included cash, a holdback subject to earn‑out thresholds, and 45,644 shares of Boston Omaha Class A common stock; 24th Street manages approximately $123 million of AUM as of December 31, 2022.

VMG Health has acquired BSM Consulting, a specialist healthcare consulting firm with offices in Reno, Nevada and Phoenix, Arizona. The acquisition expands VMG Health’s practice management, compliance and ASC advisory capabilities and adds subscription-based membership programs, recruitment and leadership development services to its offerings.

Service Champions Group, a PE-backed national platform for HVAC and plumbing services, has acquired Fetch-A-Tech Plumbing Heating Air, a Las Vegas Valley home services provider serving over 70,000 customers. The deal expands Service Champions' footprint into the Las Vegas metropolitan area and is an add-on to its Odyssey Investment Partners-backed platform; League Park Advisors served as sell-side financial advisor to Fetch-A-Tech.

Allied Universal, through its MSA Security business, has acquired Elite Tactical Security Solutions to expand its security and canine-detection capabilities in the Las Vegas market. Elite Tactical’s 40 security professionals and 10 canine detection teams — along with an ATF-licensed canine training center in Henderson, Nevada — will be integrated into Allied Universal/MSA Security operations to support hospitality, events and commercial venue clients.

Global sports and entertainment agency Wasserman has acquired Caric Sports Management, bringing founder Steve Caric and director Molly McManimie into Wasserman’s NFL representation practice. The deal adds a roster of NFL players and a top women's soccer client to Wasserman as the firm continues to expand its talent-representation capabilities.

AYR Wellness Inc. has closed its acquisition of Tahoe Hydroponics Company, LLC, a Nevada-based cultivator, assuming 100% of membership interests. At close AYR paid $1.5 million in cash and issued 232,795 exchangeable shares (with an additional NV Green, Inc. closing expected and further shares to be issued upon that closing).

Xalles Holdings Inc. (XALL) has acquired Nevada-based Appy Perks, a gamified SaaS loyalty/mobile-perks platform, making it a wholly owned subsidiary under Xalles Financial Services Inc. The acquisition adds customer‑retention and gamification capabilities to Xalles' fintech portfolio and provides a channel to cross-sell payments and other services to SMBs.

Parthenon Capital has acquired the gaming division of Global Payments Inc., transitioning Global Payments Gaming Solutions into an independent company renamed Pavilion Payments. The carve-out will be headquartered in Las Vegas and Parthenon intends to grow the business organically and via acquisitions while Global Payments remains a long-term technology partner.

The HFW Companies, an AEC industry professional services consolidator based in St. Louis, has acquired Taney Engineering, a Las Vegas–based civil engineering and land surveying firm. The acquisition brings Taney's civil engineering, flood-control and renewable-energy site expertise into HFW's network of member firms to support growth and cross-collaboration across metropolitan and infrastructure markets.

Canadian design and consulting firm RJC Engineers has acquired Kordt Engineering Group (KEG), a structural engineering firm with offices in Las Vegas and Reno, to expand RJC’s U.S. presence. KEG’s founder Stephan Kordt will become President of U.S. Operations and the combined firms will continue to provide structural, façade, and structural glass engineering services across North America.

An affiliate of Sun European Partners completed a majority investment in Anderson Business Advisors, a Las Vegas–based provider of entity formation, registered agent, tax preparation and bookkeeping services for real estate investors. Management and employees reinvested and retain a significant minority stake; Sun European intends to pursue a buy-and-build strategy to grow Anderson’s market share and capabilities across the corporate services sector.

An affiliate of Sun Capital Partners completed a majority investment in Anderson Business Advisors, a Las Vegas-based provider of entity formation, registered agent, tax and bookkeeping services for real estate investors. Management and employees reinvested proceeds to retain a significant minority stake, and Sun Capital intends to pursue a buy-and-build strategy to scale the business and increase market share.

Prime Capital Investment Advisors (PCIA) has acquired Reno, Nevada-based registered investment advisor Cornerstone Comprehensive Wealth Management, adding approximately $400 million in assets under management and establishing PCIA’s first location in Nevada. Cornerstone’s 10 employees — including four advisors who will continue to serve roughly 575 households — will join PCIA; the acquisition closed on March 8, 2023.

Net at Work, a full-service technology and business consultancy, has acquired Innovation ERP, a Sage X3 and Sage 300-focused ERP consulting firm. The deal expands Net at Work's Sage ERP capabilities and brings Innovation ERP's team and clients into Net at Work's broader portfolio of ERP, CRM, managed IT and cloud hosting services.

Clairvest Group Inc., together with Clairvest Equity Partners VI (CEP VI), completed a US$32 million equity investment in Bluetree Dental, a multi‑specialty, pediatric and orthodontics‑focused dental service organization. Management rolled significant equity and will retain control post‑closing; the capital is intended to accelerate Bluetree’s growth and platform build in the Mountain West region of the United States.

Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired Jet Gasket & Seal, a Las Vegas-based specialty distributor of seals, gaskets and related products that serves the brewery end market. The add-on expands Marco’s product portfolio, supplier network and e‑commerce capabilities while opening new end markets for growth.

Hoffmaster Group, Inc. has acquired Paterson Pacific Parchment Company, a Sparks, Nevada-based producer of foodservice paper and parchment products. The transaction is an add-on to Hoffmaster's foodservice platform and was supported by a new equity investment led by Gamut Capital Management alongside existing shareholder Wellspring Capital Management to refinance Hoffmaster's capital structure and support growth.

Los Angeles-based West Lane Capital Partners and Las Vegas-based Wheel Capital Partners acquired a majority interest in Epicurean Catering LLC, a Las Vegas-based high-end catering and foodservice provider. The firms named David Friedman as CEO and said the investment will support Epicurean’s operational strengthening and growth initiatives; terms were not disclosed.

Lazydays (NASDAQ: LAZY) has acquired Findlay RV, a dealership located in Las Vegas, Nevada, marking Lazydays' entry into the Nevada market and adding the Tiffin brand for that region. The store is expected to contribute approximately $40 million in annualized revenue at steady state and represents Lazydays' nineteenth location.

AgencyBloc, a Resurgens-backed agency management system provider, has acquired Radius, a Las Vegas-based sales enablement provider for life and health insurance brokers. The add-on expands AgencyBloc's sales enablement capabilities — including lead distribution, texting and integrated VoIP/call routing — to accelerate its vision of a single, end-to-end platform for brokers and high-volume organizations.

Powder Valley, a portfolio company of Praesidian Capital, has acquired Pro-Motion Distributing, a Las Vegas–based tech-enabled multi-category e-commerce distributor. The acquisition brings Pro-Motion's technology platforms and broad product mix into Powder Valley to accelerate online sales, expand product offerings and support growth in the outdoor/sports market.

CATIC, a Rocky Hill, Connecticut-based title insurance and services company, has acquired Lane Guide Lenders On Line, Inc., the Reno, Nevada–headquartered operator of the Lane Guide online lender resource. The purchase adds a longstanding lender data and directory business (founded 1957) to CATIC’s family of companies to expand its data and service offerings for lending, real estate, and investment stakeholders.

Café Valley Inc., an Swander Pace Capital portfolio company, acquired the assets of Freed's Bakery, a manufacturer of iced mini cupcakes that supplies national and regional retailers. The deal is an add-on acquisition intended to expand Café Valley's product offering in mini iced cupcakes, drive synergies and economies of scale across its bakery platform.