Acquisitions in Utah in 2025

ZenaTech, Inc. (Nasdaq: ZENA) has acquired VARA 3D, Inc., a Murray, Utah-based surveying and 3D mapping firm. The deal expands ZenaTech's Drone-as-a-Service (DaaS) and drone-enabled inspection capabilities and accelerates its entry into the high-growth solar infrastructure market.

CM Labs Simulations has acquired GlobalSim, a Utah-based developer and manufacturer of high-end training simulators, to strengthen its simulation-based workforce development offerings. The deal expands CM Labs' U.S. footprint (Salt Lake City) and adds manufacturing resources and industry expertise to enhance training products for ports, construction, industrial and military customers.

A syndicate of global investors led by Snapdragon Capital Partners, with financing provided by funds managed by Strategic Value Partners (SVP), has acquired Better Being Co. HGGC has sold its remaining stake and exited the business after an eight-year partnership; the new investors committed a financial reserve to support near-term acquisitions to expand Better Being's brand portfolio and global reach. Better Being, a vertically integrated manufacturer and marketer of dietary supplements and personal care brands (including Solaray and Zhou Nutrition), is headquartered in Utah and employs nearly one thousand people.

NVIDIA has acquired SchedMD, the developer and maintainer of the open-source Slurm workload manager used widely in high-performance computing (HPC) and AI. NVIDIA says Slurm will remain open-source and that the acquisition will accelerate Slurm development, expand integration with NVIDIA accelerated hardware, and broaden support for HPC and AI customers.

Pronto, a Lehi, Utah–based secure, mobile-first team communications platform, received a significant minority growth investment from SEVA Growth LP. The capital will be used to accelerate sales, expand Pronto's customer footprint, and develop new product functionality and integrations; SEVA founder Shalin Mehta will join Pronto's board.

Jensen Hughes, a Gryphon Investors-backed global engineering and consulting firm, has acquired Safety Management Services, Inc. (SMS), an energetic materials and process safety engineering and testing firm headquartered in West Jordan, Utah. The deal expands Jensen Hughes' capabilities in process safety, energetic materials testing and related risk-management services and will be integrated into its broader global platform.

hyrUP, a tech-enabled executive search and recruiting firm, has acquired Evolve Partners, a national boutique executive search firm focused on finance and accounting hires. The deal expands hyrUP's nationwide footprint and deepens its specialization in high-caliber finance and leadership talent, with Evolve Partners' founder Kate Brogden joining hyrUP's leadership team.

Kingdom of Threads has acquired the TTRPG (tabletop role-playing game) merchandise line from Storymakers Trading Co., expanding its product catalog beyond bookish merchandise into gaming-themed pins, stickers, washi tapes, and greeting cards. The Storymakers brand name will continue under new owner Marie Criddle, who will focus on the fantasy-style state map collection; founder Tomi Ann Hill has transitioned the TTRPG product line to Kingdom of Threads so she can move into a new chapter.

Motorola Solutions has acquired Salt Lake City–based Blue Eye, an AI-driven enterprise remote video monitoring provider, to strengthen its intelligent security and incident-response offerings. The deal will integrate Motorola Solutions' AI capabilities with Blue Eye's RVM platform and SOC services to accelerate proactive threat detection, verification and automated response across key enterprise markets.

Tang+Company has acquired CanQualify, a web-based supplier prequalification and risk management platform, to expand its occupational health, safety, and supplier compliance capabilities. CanQualify will continue to operate independently under Tang+Company, enabling an integrated offering across contractor prequalification, employee screening, training and workforce health services; full integration is targeted for early 2026 (Q1 2026).

Atlassian Corporation has completed the acquisition of DX, an engineering intelligence platform that helps organizations measure and improve developer productivity and satisfaction. DX will be integrated into Atlassian's System of Work and added to the Atlassian Software Collection to expand Atlassian's engineering intelligence and AI-native SDLC capabilities.

Apex Companies, LLC has acquired Forsgren Associates, Inc., a multi-discipline civil engineering, environmental sciences, and land surveying firm serving the Intermountain West. The deal adds deep engineering capabilities and expands Apex's operational presence across the Rockies and Pacific Northwest as Forsgren will operate as Forsgren, an Apex Company.

Pye-Barker Fire & Safety has acquired Zion Fire & Security, a St. George, Utah-based provider of fire alarm, fire suppression, security and automation services. The acquisition expands Pye-Barker's full-service fire and life safety footprint in Utah and adds Zion’s commercial monitoring, installation and automation capabilities.

Young Automotive Group has agreed to acquire Larry H. Miller Chrysler Jeep Dodge Ram Riverdale from Asbury Automotive, expanding the buyer's presence in Weber County, Utah. The location will be renamed Young Chrysler Dodge Jeep Ram Riverdale and Jacob Sobers will be appointed general manager.

Twin Star Home, a Z Capital Group-backed omnichannel home furnishings platform, acquired Walker Edison’s assets after Walker Edison filed for Chapter 11 and Twin Star emerged as the successful bidder in a court‑supervised auction. The deal will integrate Walker Edison’s e-commerce capability and design pipeline into Twin Star Home to expand omnichannel reach, sourcing, and distribution across multiple product categories.

Bluewave Technology Group has acquired Streamline Communications, a Greater Salt Lake City–based technology solutions provider, bringing Bluewave into the Utah market. The deal expands Bluewave's technology advisory and sourcing footprint and gives Streamline clients access to broader advisory services across network, cloud, customer experience (CX) and security.

Volaris Group, an operating group of Constellation Software Inc., has acquired Alpine Testing Solutions Inc., a psychometric consulting and test-security provider based in Orem, Utah. Alpine will join Volaris' Smith Portfolio and remain led by CEO Stephen Price as the acquisition expands Volaris into the workforce-management vertical and strengthens its credentialing and assessment capabilities.

Escalade, Inc. announced the acquisition of the Gold Tip business, including the Bee Stinger line, from Revelyst Inc. The deal adds precision carbon arrows and premium stabilizers to Escalade’s archery portfolio to strengthen its position in the archery and bowhunting market and better serve dealers, distributors and retailers.

Accel‑KKR has acquired a majority stake in Arbiter, a Sandy, Utah‑based provider of athletic and school operations management software. Serent Capital, which partnered with Arbiter in 2017, will retain a minority equity position; the investment is intended to accelerate product innovation, expanded services, and scale across the K‑12 and youth sports market.

Filevine, a Salt Lake City–based legal operating intelligence SaaS provider, raised $400 million in an all-equity growth financing led by Insight Partners with Accel and Halo Fund co-leading and participation from Meritech, StepStone, Run Ventures and Album Ventures. The new capital will be used to scale Filevine’s product, deepen AI capabilities, and accelerate go-to-market expansion across law firms, government agencies and enterprise legal teams.

Angel Studios, a Provo-based media and technology company, completed its business combination with special purpose acquisition company Southport Acquisition Corporation and will trade on the NYSE under the ticker ANGX. The transaction provided Angel with access to public markets and capital to accelerate growth, and the company secured a $100 million credit facility to support expansion of its Angel Guild and content distribution initiatives.

Amplēo, a Lehi, Utah-based provider of fractional finance, marketing and HR services backed by private equity, has acquired Avalaunch Media, a Utah-based digital marketing agency known for SEO, paid media, content and fractional CMO services. Avalaunch's leadership will remain in place, with cofounder David Mink serving as president of Amplēo Marketing as the combined business expands Amplēo's embedded marketing capabilities for SMB and scaling clients.

Incubeta, the global marketing agency, has acquired RocketSource, a behavioral-science-led marketing consultancy, to expand its human-centered AI and data-driven marketing capabilities. The acquisition integrates RocketSource's proprietary frameworks, DaaS offerings, and consulting talent into Incubeta to accelerate AI-driven marketing solutions and measurement for enterprise clients.

Digi International acquired Jolt Software for approximately $145.5 million in cash and will integrate Jolt into its SmartSense business to advance operational intelligence and compliance automation across foodservice, grocery, convenience and healthcare verticals. Jolt generated over $20 million in ARR and the acquisition is expected to accelerate ARR growth, deliver roughly $11 million of annualized adjusted EBITDA synergies by end of 2026, and be immediately accretive to adjusted EPS.

Rockwood Equity Partners has acquired ZERO Manufacturing, a designer and manufacturer of aluminum and molded-plastic protective cases, enclosures, components and sub-assemblies. Rockwood will partner with ZERO's leadership to expand production capabilities, pursue strategic add-on acquisitions, and drive growth across ZERO's end markets including aerospace, medical, industrial, energy, logistics and datacom.

Thorpe Specialty Services, a KLH Capital–backed industrial services platform, has acquired Streamline Industrial Services, LLC of Salt Lake City, Utah. The add-on expands Thorpe’s geographic footprint into the Mountain West and specialty minerals & mining end market while adding refractory, corrosion, fireproofing, specialty coatings, and mechanical capabilities to its service offering.

Platte River Equity, a Denver-based private equity firm, has acquired Chemtech-Ford Laboratories (Chemtech), an environmental and analytical testing provider based in Sandy, Utah. Platte River said it will use Chemtech as a foundation to build a platform in environmental testing—investing in capabilities and expanding the company's footprint to serve municipal, industrial, and government clients.

Soltis Investment Advisors has added Utah-based High End Financial, LLC, led by advisor Jay Wells, bringing more than $500 million in client assets to Soltis' platform. Wells will join Soltis as Senior Advisor, Institutional & Wealth Services as part of the firm's selective M&A-driven advisor recruiting and platform expansion efforts.

Atlas-SSI, a Monticello, Mississippi–based provider of water management solutions, has acquired WTR Engineering, a mechanical water filtration specialist. The deal adds WTR's century-long technical expertise in intake screens, headworks and debris-handling equipment to Atlas-SSI's product and services portfolio, enhancing the buyer's capabilities across municipal, industrial and utility end markets.

Nwestco, a Denver-based provider of fuel and car wash equipment and services owned by Guardian Capital Partners, has acquired Petro West, a fuel services and equipment provider serving Utah, Nevada and Arizona. The deal closed July 31, 2025 with terms not disclosed and is intended to expand Nwestco's presence and capabilities in the Intermountain region.

Paychex has acquired SixFifty Technologies, the legal-technology subsidiary of law firm Wilson Sonsini Goodrich & Rosati. The deal — terms undisclosed — transfers SixFifty's employment-law compliance and document-automation platform to Paychex to broaden its HCM and compliance capabilities.

Gridiron Capital has acquired Greenix, a leading independent eco-conscious residential pest control company headquartered in Orem, Utah. The acquisition from Riata Capital Group will expand Gridiron's residential services platform and support Greenix's continued geographic growth and M&A-driven expansion across North America.

HeroDevs raised $125 million in a strategic growth investment led by PSG with participation from existing investor Album. The funding will be used to expand HeroDevs' Never-Ending Support solutions and includes a $20 million commitment to an Open Source Sustainability Fund to support end-of-life open-source projects.

Bain Capital North American Private Equity has acquired Sizzling Platter, LLC — a Salt Lake City–based restaurant franchise growth platform — from CapitalSpring. The transaction will support Sizzling Platter's expansion of its multi-brand fast-casual and quick-service portfolio (including Little Caesars, Wingstop, Jersey Mike's, Dunkin', and Jamba) and accelerate unit growth and operational capabilities; financial terms were not disclosed.

DASH and S4i Systems have completed a merger to form SMRTR, a cloud-based automation and compliance platform serving manufacturing and food & beverage companies. The combined company unites DASH's accounts payable and document management capabilities with S4i's compliance and supplier management tools to offer an integrated ERP-focused automation suite.

Banneker Partners has made a growth investment in Kuali to accelerate the company's platform strategy and expand its suite of higher-education software solutions. The capital will support Kuali's product roadmap across research, academics, operations, and finance while enabling continued service to its more than 230 institutional customers.

Utah Community Credit Union (UCCU) has completed the merger with TransWest Credit Union, finalizing a core-systems conversion just five months after signing the letter of intent. The conversion—executed with support from Best Innovation Group using AI-assisted tools—was completed with zero member downtime and positions UCCU to expand services and product offerings to TransWest members.

CenterOak Partners, a Dallas-based private equity firm, has completed a majority recapitalization of NOW CFO, a Salt Lake City-based provider of outsourced finance and accounting services focused on SMB clients. CenterOak will support NOW CFO's growth by investing in technology, business development and client engagement and by expanding the company's geographic reach and service offerings; terms were not disclosed.

ALKEME, a Top 35 insurance brokerage, acquired Utah-based Miller and Associates and Blue Valley Insurance and will combine them into a single organization operating under the ALKEME brand. The deal expands ALKEME's footprint in Utah by adding local insurance expertise and client relationships backed by ALKEME's national resources.

Unity Partners, a Dallas-based private equity firm, completed a strategic growth investment in Amplēo, a Lehi/Salt Lake City-area provider of fractional finance, marketing and HR managed professional services. Amplēo management and Brooks Growth Partners partnered in the transaction; terms were not disclosed. Unity said it will support Amplēo’s M&A-driven platform build, technology and people investments and launch an employee purpose/ownership plan.

Averra Holdings, a portfolio company of Banner Capital, has announced a partnership to bring ZIEN Medical Technologies into the Averra family. ZIEN, a Salt Lake City–based medical device contract design & manufacturing organization, will integrate with Averra to expand turnkey packaging design, manufacturing, sterilization and regulatory capabilities; terms were undisclosed.

Metropolitan Partners Group committed $60 million to Nexus IT, a Salt Lake City–based managed services and cybersecurity provider, in partnership with Diatonic Healthcare. The capital will be used to accelerate Nexus IT’s nationwide expansion via founder-led, values-aligned acquisitions of culturally compatible MSPs and MSSPs, particularly in regulated industries like healthcare, finance, and legal.

The Carlyle Group's Global Credit platform will make a $1.3 billion strategic investment in Trucordia, valuing the insurance brokerage at $5.7 billion. The transaction will reduce Trucordia's leverage, repurchase units from existing minority investors, simplify governance, and provide capital flexibility to support growth.

SpendMend, a healthcare cost-savings provider based in Grand Rapids, Michigan, has acquired Mazree, a cloud-hosted software platform that helps health systems redeploy and sell used medical equipment. The acquisition expands SpendMend’s cost-cycle capabilities by adding Mazree’s auction, trade-in and redeployment technology to deliver greater revenue recovery and operational efficiency for hospitals and health systems.

Merit Financial Advisors, a Georgia-based wealth management firm, has acquired RCM Investments of American Fork, Utah, adding $281 million in assets and establishing Merit's first office in Utah. The four principals of RCM will join Merit as wealth managers and partners; financial terms were not disclosed.

Tesani Insurance Group (TIG), a national platform for independent insurance agencies, has acquired Buie Insurance Services, a Salt Lake City-based agency with over 35 years of experience and a ~90% client retention rate. The add-on strengthens TIG's national footprint and gives Buie access to expanded resources, technology, and service capabilities while the Buie team continues to serve its clients.

Karman Space & Defense (NYSE: KRMN) has acquired Industrial Solid Propulsion ("ISP"), a Cedar City, Utah-based supplier of small-diameter energetic propulsion technologies, with the transaction closing May 28, 2025. The deal was funded primarily with $50 million in cash, approximately $5 million in Karman common shares and up to $5 million in potential earnout payments, and is intended to deepen Karman's energetics and small-diameter solid propellant capabilities for UAS, counter-UAS and rocket-assisted takeoff markets.

EagleTree Capital has made a strategic growth investment in NuTrail, a nut-based, low-sugar granola brand. As part of the investment, Sheila Stanziale was named CEO and will partner with co-founders Ilya and Roni Avshalumov to accelerate the company's growth; terms were not disclosed. EagleTree will support NuTrail's next phase of scaling and distribution expansion.

Shaklee Corporation has acquired substantially all of Modere’s business through a subsidiary, including Modere’s trademarks, patents, product formulas (notably Liquid BioCell Collagen and Trim), manufacturing and testing equipment, and related inventory. The deal includes an exclusive license to sell Liquid BioCell Collagen; Modere products will be sold through Shaklee’s ambassador network and Shaklee.com starting May 28, 2025.

Catalis Dental Lab Partners, a PE-backed national dental lab platform, has acquired Revolution Dental Lab in Sandy, Utah and opened a new East Coast digital design center in Jacksonville, Florida. The deal — supported by sponsor Caymus Equity — expands Catalis’ national footprint and adds local capacity in the Western U.S. while increasing digital design support for customers on the East Coast.