Tracked deals
791
791 tracked deals across 2005-2026.
Tracked deals
791
791 tracked deals across 2005-2026.
Buyer mix
Mixed buyer set
622 strategic · 402 pe
Top trend
Volume peaked in 2022
133 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 |
|---|---|---|---|
| Hub International Limited | 6 | Leading global insurance brokerage and financial services... | Strategic (PE-backed) |
| Gryphon Investors | 5 | Middle-market private equity firm focused on profitably g... | PE |
| BayMark Health Services | 4 | Operator of outpatient and ambulatory substance use disor... | Strategic (PE-backed) |
| Centre Partners | 4 | Middle-market private equity firm focused on consumer and... | PE |
| Greater Sum Ventures | 4 | Entrepreneurial family office investing its own capital i... | Family Office |
| Hidden Harbor Capital Partners | 4 | Private equity firm investing in lower-middle market and ... | PE |
| Platinum Equity | 4 | Global private investment firm specializing in buyouts an... | PE |
| Pritzker Private Capital | 4 | Family direct investing firm that partners with middle-ma... | PE |
| Allied Industrial Partners LLC | 3 | Lower-middle market private equity firm that invests in i... | PE |
| AppleGate Recovery | 3 | Provider of outpatient medication-assisted treatment (bup... | Strategic (PE-backed) |
Last 10 years
Supporting Data
GCG Advisory Partners has partnered with Head Investment Partners, a Knoxville, Tennessee-based advisory firm with $180 million in assets under management, which will join GCG’s platform. Head Investment Partners’ leader Daniel Head will join GCG as an Operating and Equity Partner, with the Head team retaining its brand and day-to-day operations. Terms of the transaction were not disclosed.
Open Road Resorts (ORR) acquired Raccoon Mountain Campground and Caverns, located near downtown Chattanooga, Tennessee, marking ORR’s entry into the state. The deal adds an RV park/campground with cabins and tent camping, plus direct access to Raccoon Mountain Caverns, to ORR’s growing network of outdoor hospitality properties.
Oklo announced that it acquired ARMEC, a precision manufacturing and mechanical engineering company based in Oak Ridge, Tennessee, to expand Oklo’s in-house advanced reactor and fuel-manufacturing capabilities. The transaction closed on June 4, 2026 and is intended to strengthen engineering-to-manufacturing workflows and provide more control over deployment timelines.
National HealthCare Corporation (NYSE American: NHC) announced it has closed the $50.5 million purchase of five skilled nursing facilities. The deal gives NHC full ownership of the operations and real estate, transitioning from prior management agreements.
Tennessee American Water completed its acquisition of Tennessee Water Service’s water system on June 1, 2026. The deal adds about 480 customer connections and one employee, strengthening Tennessee American Water’s local service capabilities and customer offerings.
GI Partners announced the closing of its majority investment in HES Facilities Management, an outsourced facilities services provider serving education institutions and commercial customers. The investment includes reinvestment from HES’s management team, while GI Partners and management partner to support HES’s next phase of growth.
Tractor Supply Company acquired VIP Petcare (operating as VIP Petcare and PetVet), PetIQ’s veterinary services business, for an undisclosed price. The deal expands Tractor Supply’s pet health platform by bringing VIP Petcare’s mobile/community veterinary clinics into the company’s existing pet care and pharmacy ecosystem.
Advantive, a provider of mission-critical software for specialty manufacturing and distribution businesses, announced its acquisition of Insequence, an automotive sequencing and manufacturing execution system (MES) software provider headquartered in Smyrna, Tennessee. The deal expands Advantive’s MES and plant-floor execution capabilities and supports its Advantive ONE AI platform strategy for connecting plant floor data with AI-driven insights.
Goldentree Asset Management became the majority owner of Quorum Health in 2024 as the hospital chain emerged from bankruptcy. Quorum announced plans to shift from a private-equity-backed for-profit structure to a nonprofit model managed by QKA Health Corporation (doing business as Healthside Partners), subject to regulatory approval and expected to be finalized in Fall 2026.
Orion Legal, an MSO backed by Uplift Investors, acquired Hughes Coleman Injury Lawyers, a Tennessee-based personal injury practice with about $50 million in annual revenue. The acquisition adds roughly 40 attorneys and support staff to Orion’s platform and represents Orion’s first significant entry into the Tennessee market.
FortyAU, a Nashville-based digital engineering and AI solutions firm, announced its acquisition of Ronin Consulting, a Nashville software engineering and AI development firm focused on enterprise clients in healthcare, financial services, and defense. The companies said the combination expands FortyAU’s AI and data capabilities, engineering talent, and account management discipline; financial terms were not disclosed.
North American Rail Solutions, through its subsidiary American Track, acquired Queen City Railroad Construction (QCRC). QCRC, based in Knoxville, Tennessee, provides rail maintenance and construction services and will be integrated into American Track’s rail construction group to expand capabilities and geographic reach.
FedEx approved the separation of its freight business, paving the way for FedEx Freight to operate as an independent publicly traded company on June 1, 2026. The transaction is structured as a pro rata dividend distribution of 80.1% of FedEx Freight Holding Company shares to FedEx shareholders, with FedEx retaining about 19.9% to be disposed of within 24 months.
Southeast Building Supply Interests (SBSI) acquired Builders Supply Co. of Tennessee, adding three Middle Tennessee locations and expanding SBSI’s footprint in the state. The deal expands SBSI’s lumber and building materials distribution network serving builders and professional contractors across the Southeast, with the sellers (Bubba Ingleburger and Carl Dixon) staying on in advisory roles to support ongoing operations.
GI Partners completed its acquisition of the Contract Development and Manufacturing Organization (CDMO) and Cell Solutions businesses from Charles River Laboratories, creating an independent advanced therapy manufacturing company, Rose BioSolutions. Rose BioSolutions will provide end-to-end cell and gene therapy development and manufacturing, covering plasmid DNA, viral vectors, cell therapy production, and cellular starting materials.
Colorado Premium acquired Old Hickory Smokehouse, a founder-owned Tennessee producer of smoked and cooked protein products. The deal expands Colorado Premium’s value-added protein platform beyond its sous vide cooking capabilities by adding naturally smoked proteins, along with additional investment in the Lewisburg production facility.
Engineering Resource Group (ERG), backed by Godspeed Capital, acquired Haltom Engineering, a Memphis-based MEP engineering consulting firm. The deal is ERG’s first add-on acquisition, expanding ERG’s geographic reach across the Southern United States and adding technical depth in mechanical, plumbing, and fire protection design with net-zero expertise.
BMG and Concord announced a definitive agreement to merge their businesses under the BMG name, forming a scaled independent music company. The combined company will operate with BMG Publishing and Concord Records divisions, with global headquarters in Nashville and European headquarters in Berlin, and is expected to close in the second half of 2026 (subject to approvals).
Apotex has entered into an agreement to acquire Cumberland Pharmaceuticals’ line of branded pharmaceuticals for $100 million in cash, integrating Cumberland’s U.S. branded businesses into Apotex’s operations. The transaction is intended to expand Apotex’s U.S. specialty and hospital-focused footprint across acute care, oncology, infectious disease, and gastroenterology; Cumberland will retain its development pipeline (including ifetroban) and majority ownership in Cumberland Emerging Technologies Inc.
Visterra Landscape Group, a portfolio company of Trinity Hunt Partners, acquired Land Corps Landscaping as part of its expansion of commercial landscaping services. CriticalPoint served as exclusive financial advisor to Visterra on the transaction.
The Amlon Group, backed by Heartwood Partners, has acquired Excel TSD of Tennessee LLC, along with related entities WSI and UTI. The transaction adds a RCRA Part B permitted hazardous and non-hazardous waste treatment, storage, and disposal facility based in Memphis, Tennessee, and is described as Amlon’s third add-on since Heartwood’s continuation vehicle closing.
Magnet Forensics has acquired V2 Forensics, a drone forensics company behind Disero, a digital forensics solution for unmanned aerial systems (UAS). The deal is intended to expand Magnet Forensics’ end-to-end digital investigation platform with purpose-built UAS/drone forensics capabilities.
Kimley-Horn acquired Gamble Design Collaborative (GDC), a land planning and landscape architecture consulting firm based in Franklin, Tennessee. The acquisition strengthens Kimley-Horn’s master planning, landscape architecture, and entitlement capabilities and expands its presence in the Greater Nashville area and broader Southeast growth markets.
Qualifacts has acquired MethodOne by Computalogic, a controlled-medication dispensing software purpose-built for opioid treatment programs (OTPs) and substance use disorder (SUD) providers. The deal is intended to fully integrate medication-assisted treatment (MAT) and controlled-medication dispensing workflows into Qualifacts’ behavioral health EHR platform.
Welch Packaging Group, a family-owned corrugated packaging manufacturer, announced it has acquired Jamel Containers. The deal is intended to strengthen Welch’s presence and capabilities throughout Tennessee and the Tri-State region, leveraging Jamel’s multi-pass digital printing and design talent.
AZZO announced the acquisition of Qubits Energy, a specialist in Electrical Power Management Systems (EPMS), advanced automation, and energy management for data centers and other mission-critical facilities. The deal strengthens AZZO’s EnergyX platform by integrating Qubits Energy’s engineering-led deployment capabilities, and it gives AZZO an operational foothold in Colombia to support Latin American growth.
WTWH Media, backed by Mountaingate Capital, announced it will acquire HealthLeaders, a media and events platform serving hospital and health system executives. The deal expands WTWH’s healthcare media and events portfolio by combining its post-acute care reach with HealthLeaders’ long-standing hospital leadership audience and flagship Exchange events.
Office Ally announced it is acquiring Jopari Solutions, a provider of straight-through electronic claims processing and clinical attachment/payment infrastructure for Property 26 Casualty, Commercial, and Government healthcare. The acquisition expands Office Ally’s all-payer clearinghouse network and payer-to-provider payment capabilities, enabling greater automation, interoperability, and end-to-end electronic transaction processing.
Construction Partners, Inc. (NASDAQ: ROAD) acquired Four Star Paving, LLC, a commercial asphalt paving contractor serving the Nashville, Tennessee metro area. The deal integrates Four Star into Construction Partners’ Tennessee platform company, Pavement Restorations, Inc. (PRI), strengthening vertical integration and expanding regional construction capacity.
Cerity Partners has merged with Covenant Partners LLC, a boutique wealth management firm based in Nashville, Tennessee. The partnership marks Cerity Partners’ entry into the Tennessee market, with Covenant Partners operating under the Cerity Partners name.
GALLS announced the acquisition of CMS Uniforms and Equipment, Inc., a regional public safety uniforms and equipment provider based in Nashville, Tennessee. The deal combines GALLS’ national logistics and product portfolio with CMS’ localized expertise, expanding GALLS’ footprint in Tennessee—particularly Nashville—and improving delivery speed and inventory availability for public safety agencies.
AngelEye Health acquired the SupportSpot platform from Child Life On Call to expand pediatric family support and care-continuum capabilities across neonatal and pediatric settings. The acquisition integrates SupportSpot’s child life–informed psychosocial education and procedural preparation resources into AngelEye’s existing neonatal/pediatric digital ecosystem.
Pediatrix Medical Group expanded its maternal health services footprint by acquiring Tennessee Maternal-Fetal Medicine. The acquired practice will operate as Maternal-Fetal Medicine Specialists of Tennessee under the Pediatrix banner and provide high-risk pregnancy care across five Middle Tennessee locations.
Founders Home Service Group acquired The Air Guys LLC, a Chapel Hill, Tennessee-based HVAC and residential home services contractor, to expand its Middle Tennessee footprint. The deal adds a local “people-first” operator with established customer relationships and broad home services capabilities (HVAC, electrical, and plumbing) to Kompass Kapital-backed Founders’ platform.
Trinity Consultants, a global environmental consulting firm, announced its acquisition of Process Improvement Institute Inc. (PII), a Tennessee-based consulting and training firm specializing in process safety management, risk management, and process reliability. The deal will integrate PII’s PSM training, engineering, human factors consulting, management system implementation, and Safety Instrumented Systems verification into Trinity’s environmental consulting platform to expand capabilities and international reach.
PhaseWell Research, a multisite clinical research company headquartered in Nashville, announced it has acquired Chase Medical Research, a Connecticut-based clinical research site with locations in Waterbury and Hamden. The deal is intended to expand PhaseWell’s Northeast footprint and strengthen its cardiometabolic and central nervous system clinical trial capabilities in community-based settings.
Recap Financial Ventures, LLC completed its acquisition of a majority interest in Lineage Financial Network, Inc., the bank holding company for Lineage Bank. The investment recapitalizes the institution, with Recap Financial Ventures raising more than $30 million from local investors to fund a preferred stock purchase, immediate capital infusion, and future growth needs.
Third Space Capital has made an equity investment in both Premier Global Production and Country Thunder, with founder and CEO Troy Vollhoffer continuing to lead both businesses and remain a significant shareholder. The investment is intended to provide additional capital flexibility and strategic support to accelerate organic growth, enhance operational infrastructure, and pursue targeted acquisitions.
Home BancShares, Inc. completed its previously announced acquisition of Mountain Commerce Bancorp, Inc. pursuant to a definitive agreement and plan of merger. The transaction closed on April 1, 2026, with Mountain Commerce merging into Home and Mountain Commerce Bank merging into Centennial Bank.
Premise Health and Crossover Health merged to create a unified organization delivering onsite, nearsite, and virtual advanced primary care and occupational health services. The combined company will serve more than 400 organizations and millions of members, operating nearly 900 wellness centers across the United States.
Zavation Medical Products, a portfolio company of Gemspring Capital, acquired ChoiceSpine Holdings, a Knoxville, Tennessee designer and manufacturer of spinal implant systems. ChoiceSpine will maintain its brand and operations as the companies work toward a unified organization; terms were not disclosed.
Nakamoto Inc. (NASDAQ: NAKA) completed the acquisition of BTC Inc., a leading Bitcoin-focused media and events operator, and UTXO Management GP, LLC, an investment adviser focused on Bitcoin companies. The transaction was paid in Nakamoto common stock (364,795,104 shares, valued at $81.63 million based on the Feb 19, 2026 close) and brings BTC Inc. and UTXO in as wholly owned subsidiaries, adding approximately $80.5 million of combined revenue (12 months ended Sept 30, 2025).
Payra, an ERP-native accounts receivable and cash application automation platform for construction and industrial suppliers, raised a $15 million growth equity investment from Edison Partners. The funding is intended to expand Payra’s product capabilities, deepen ERP integration partnerships, and scale go-to-market efforts across construction and industrial verticals.
Wealthspire’s Ground Control Business Management has acquired Nashville-based Wiles + Taylor & Co., a music-focused business management and tax consulting firm. The deal expands Ground Control’s U.S. footprint beyond California, adds specialized touring and royalty administration capabilities, and brings roughly 65 employees into the platform while Wiles + Taylor continues operating in Nashville.
Summit Wealth Group has merged with Premier Private Wealth, a Franklin/Nashville-area wealth management firm with $470 million in AUM, expanding Summit’s presence in Tennessee and lifting combined AUM to about $3 billion. The deal also launches Summit Wealth Group Family Office Services, with Premier CEO Michael Comstock joining Summit as Head of Family Office Services and leading the new Franklin office.
Cemtrex, Inc. announced that its Advanced Industrial Services (AIS) subsidiary acquired all the assets of Richland Industries, a Tennessee-based industrial services and fabrication company. AIS also established a new subsidiary, AIS Tennessee, to acquire and operate the business and its primary Pulaski, Tennessee facility, expanding Cemtrex’s industrial services platform into the southeastern U.S.
Averon Group, a national HVAC distribution platform backed by Trinity Hunt Partners, announced an investment in Fenco Supply, adding the family-owned HVAC distributor to its platform. The move expands Averon Group’s footprint into the Southeast and strengthens its network of independent HVAC distributors serving contractors and facility managers.
Concentric Equity Partners (CEP), the direct investing arm of Financial Investments Corporation, announced the closing of its partnership with Benji Pollan and the recapitalization of Pollan Paving. Benji Pollan and Vice President Craig Kamyszek will continue to lead day-to-day operations and retain significant ownership stakes.
Werner Enterprises, Inc. acquired privately owned Dedicated trucking company First Enterprises, Inc. (FirstFleet) for approximately $245 million in cash, and will separately purchase FirstFleet’s real estate properties for about $37.8 million. The acquisition positions Werner as the fifth-largest Dedicated carrier in the U.S. and is expected to be immediately accretive to earnings per share.
The Amlon Group, backed by Heartwood Partners, acquired Mastermelt America LLC. The acquired Sweetwater, Tennessee facility is now operating as Amlon Sweetwater and adds thermal processing and chemical dissolution capabilities for complex industrial waste streams.
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