Acquisitions in Tennessee

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

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

Find buyers active in Tennessee →
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)

Acquisition Volume in in Tennessee by Year

Last 10 years

Acquisition volume by year Annual acquisition counts for the last 10 years for Acquisitions in Tennessee. 5 2017 5 2018 37 2019 73 2020 121 2021 133 2022 103 2023 127 2024 111 2025 ~131 est. 68 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    GCG Advisory Partners
    Target
    Head Investment Partners
    Type
    Addon

    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.

  • Buyer
    Open Road Resorts
    Target
    Raccoon Mountain Campground and Caverns
    Industry
    Real Estate
    Type
    Buyout

    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.

  • Buyer
    Oklo Inc.
    Target
    ARMEC
    Type
    Buyout

    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.

  • Buyer
    National HealthCare Corporation
    Target
    Five skilled nursing facilities
    Type
    Buyout

    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.

  • Buyer
    Tennessee American Water
    Target
    Tennessee Water Service (water system)
    Industry
    Infrastructure
    Type
    Buyout

    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.

  • Buyer
    GI Partners
    Target
    HES Facilities Management

    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.

  • Buyer
    Tractor Supply Company
    Target
    VIP Petcare (VIP Petcare and PetVet)
    Seller
    PetIQ, Inc., Bansk Group
    Type
    Buyout

    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.

  • Buyer
    Advantive
    Target
    Insequence
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    Goldentree Asset Management
    Target
    Quorum Health
    Seller
    Community Health Systems

    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.

  • Buyer
    Orion Legal, Uplift Investors
    Target
    Hughes Coleman Injury Lawyers
    Type
    Addon

    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.

  • Buyer
    FortyAU
    Target
    Ronin Consulting
    Type
    Addon

    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.

  • Buyer
    North American Rail Solutions, American Track
    Target
    Queen City Railroad Construction (QCRC)
    Seller
    Queen City Railroad Construction (QCRC) management (Mark Edmands continues as President), QCRC President Mark Edmands (continues post-sale)
    Industry
    Transportation
    Type
    Addon

    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.

  • Target
    FedEx Freight Holding Company
    Seller
    FedEx shareholders (receiving the distribution of FedEx Freight shares)
    Industry
    Transportation

    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.

  • Buyer
    Southeast Building Supply Interests
    Target
    Builders Supply Co. of Tennessee
    Seller
    Bubba Ingleburger, Carl Dixon
    Type
    Addon

    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.

  • Buyer
    GI Partners
    Target
    Rose BioSolutions, Charles River Laboratories International, Inc. - CDMO and Cell Solutions businesses
    Seller
    Charles River Laboratories International, Inc.
    Type
    Buyout

    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.

  • Buyer
    Colorado Premium, Kainos Capital
    Target
    Old Hickory Smokehouse
    Seller
    Wayne Wolf, Wayne Wolf and his sons Wayne and Brandon Wolf (founders/operators; continue with business)
    Industry
    Food & Beverage
    Type
    Addon

    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.

  • Buyer
    Engineering Resource Group, Inc., Godspeed Capital Management LP
    Target
    Haltom Engineering, LLC
    Industry
    IT Services
    Type
    Addon

    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.

  • Buyer
    Bertelsmann, Great Mountain Partners (affiliates)
    Target
    Concord, BMG
    Type
    Buyout

    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).

  • Buyer
    Apotex, Apotex Health Corp.
    Target
    Cumberland Pharmaceuticals Inc. (branded U.S. commercial portfolio), Cumberland Pharmaceuticals Inc. (line of branded pharmaceuticals)
    Industry
    Pharmaceuticals

    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.

  • Buyer
    Visterra Landscape Group
    Target
    Land Corps Landscaping
    Type
    Addon

    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.

  • Buyer
    The Amlon Group, Heartwood Partners
    Target
    Excel TSD of Tennessee LLC, WSI, UTI
    Type
    Addon

    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.

  • Buyer
    Magnet Forensics
    Target
    V2 Forensics
    Industry
    Cybersecurity
    Type
    Buyout

    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.

  • Buyer
    Kimley-Horn
    Target
    Gamble Design Collaborative (GDC)
    Type
    Buyout

    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.

  • Buyer
    Qualifacts
    Target
    MethodOne by Computalogic
    Type
    Buyout

    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.

  • Buyer
    Welch Packaging Group, Inc.
    Target
    Jamel Containers
    Seller
    Perry Morris
    Industry
    Manufacturing
    Type
    Addon

    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.

  • Buyer
    AZZO
    Target
    Qubits Energy
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    WTWH Media, Mountaingate Capital
    Target
    HealthLeaders
    Type
    Buyout

    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.

  • Buyer
    Office Ally, WestView Capital Partners
    Target
    Jopari Solutions, Inc.
    Type
    Buyout

    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.

  • Buyer
    Construction Partners, Inc.
    Target
    Four Star Paving, LLC
    Type
    Addon

    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.

  • Buyer
    Cerity Partners
    Target
    Covenant Partners LLC
    Type
    Buyout

    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.

  • Buyer
    GALLS
    Target
    CMS Uniforms and Equipment, Inc.
    Seller
    Steve Roate, Julie Roate
    Industry
    Retail
    Type
    Buyout

    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.

  • Buyer
    AngelEye Health
    Target
    SupportSpot platform
    Seller
    Child Life On Call
    Type
    Buyout

    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.

  • Buyer
    Pediatrix Medical Group
    Target
    Tennessee Maternal-Fetal Medicine
    Type
    Buyout

    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.

  • Buyer
    Founders Home Service Group, Kompass Kapital
    Target
    The Air Guys LLC
    Seller
    John Skelton, Holly Skelton
    Industry
    IT Services
    Type
    Addon

    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.

  • Buyer
    Trinity Consultants
    Target
    Process Improvement Institute Inc.
    Industry
    IT Services
    Type
    Buyout

    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.

  • Buyer
    PhaseWell Research
    Target
    Chase Medical Research
    Type
    Buyout

    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.

  • Buyer
    Recap Financial Ventures, LLC
    Target
    Lineage Financial Network, Inc., Lineage Bank

    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.

  • Buyer
    Third Space Capital
    Target
    Premier Global Production, Country Thunder

    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.

  • Buyer
    Home BancShares, Inc.
    Target
    Mountain Commerce Bancorp, Inc.
    Type
    Buyout

    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.

  • Buyer
    Premise Health, Crossover Health
    Target
    Crossover Health, Premise Health
    Type
    Buyout

    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.

  • Buyer
    Zavation Medical Products, LLC, Zavation Medical Products, LLC
    Target
    Choice Spine Holdings, Inc. (ChoiceSpine)
    Seller
    Altus Capital Partners (sale holder; per Altus announcement)
    Industry
    Medical Devices
    Type
    Addon

    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.

  • Buyer
    Nakamoto Inc.
    Target
    BTC Inc, UTXO Management GP, LLC
    Seller
    BTC Inc. securityholders, UTXO Management securityholders
    Type
    Buyout

    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).

  • Buyer
    Edison Partners
    Target
    Payra

    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.

  • Buyer
    Ground Control Business Management (Wealthspire)
    Target
    Wiles + Taylor & Co.
    Type
    Addon

    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.

  • Buyer
    Summit Wealth Group
    Target
    Premier Private Wealth
    Type
    Buyout

    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.

  • Buyer
    Cemtrex, Inc., Advanced Industrial Services (AIS), AIS Tennessee
    Target
    Richland Industries
    Type
    Buyout

    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.

  • Buyer
    Averon Group, Trinity Hunt Partners
    Target
    Fenco Supply
    Type
    Addon

    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.

  • Buyer
    Concentric Equity Partners
    Target
    Pollan Paving
    Seller
    Benji Pollan

    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.

  • Buyer
    Werner Enterprises, Inc., Werner Enterprises, Inc.
    Target
    First Enterprises, Inc. (FirstFleet), FirstFleet real estate properties
    Seller
    FirstFleet owners (including Paul Wilson)
    Industry
    Transportation
    Type
    Buyout

    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.

  • Buyer
    The Amlon Group, Heartwood Partners
    Target
    Mastermelt America LLC
    Type
    Addon

    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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