Acquisitions in Wyoming

Mercer Global Advisors, Inc. (Mercer Advisors) has acquired Poterack Capital Advisory (PCA), a digital-first wealth management firm with approximately $265 million in client assets and a Jackson, Wyoming footprint. The deal expands Mercer’s virtual advisory capabilities and deepens its regional presence while giving the PCA team access to Mercer’s institutional investment, tax and family-office infrastructure.

Balance, Canada’s oldest and largest digital asset custodian, has acquired Digital Value Transfer Rails Inc. (DVTR), a Wyoming-based, multi-state licensed digital asset custodian and money transmitter. The deal, completed December 11, turns DVTR into a wholly owned subsidiary and gives Balance immediate regulatory reach across most U.S. states, adding trading, staking and money-transmission capabilities to its institutional offering.

Fundamental Advisors has acquired Trans Aero Ltd, a Cheyenne-based operator of utility, fire suppression and MedEvac helicopter services, adding a fleet of 11 helicopters to the firm's public service helicopter strategy. Terms were not disclosed; the deal is the second acquisition under Fundamental's helicopter investment strategy following an earlier investment in HeloAir and is intended to expand the firm's capability to provide essential aviation services to municipal, government and hospital clients across the United States.

Caretech has acquired Quality Home Health Care, a Wyoming-based home care provider, expanding Caretech's footprint into Wyoming while retaining Quality's local caregivers and leadership. The acquisition will integrate Caretech's technology and clinical resources to strengthen home- and skilled-care services across the state.

Alliance Technical Group has acquired Slipstream Environmental Services, a Sheridan, Wyoming-based specialist in combustion source emissions testing for the oil & gas sector. Slipstream's ~45 employees and fleet of 23 mobile testing labs will integrate into Alliance's national network to expand combustion source testing capabilities and regulatory compliance services.

Castle Peak Holdings, the investment firm behind the Trailborn hospitality brand, has acquired Snow King Resort in Jackson Hole, Wyoming. The 203-room full-service resort will be renovated and repositioned as Trailborn Jackson Hole to expand Castle Peak's outdoor hospitality portfolio and enter the Jackson Hole market.

Star Equity Holdings, a diversified holding company based in Old Greenwich, Connecticut, has acquired Alliance Drilling Tools, LLC (ADT), a Wyoming- and Texas-based drilling equipment supply and repair business. The transaction transfers ownership of ADT — which operates facilities in Midland, Texas; Casper and Evanston, Wyoming; and Vernal, Utah — to Star as the company moves into its next phase of growth.

Jackson Group Peterbilt has acquired Peterbilt of Wyoming — the four Peterbilt dealership locations in Casper, Rock Springs, Cheyenne, and Riverton — from brothers Fred and Bill DeVore. The transaction transfers the third-generation family business (founded 1949) into the Jackson Group's dealer network as part of its ongoing regional expansion.

Hub International Limited has acquired the assets of Jackson Hole Insurance, LLC, an independent personal-lines agency based in Jackson Hole, Wyoming. The acquisition strengthens Hub’s personal and high-net-worth insurance capabilities in the Mountain States region; Jackson Hole Insurance leadership (Evan Molyneaux and Geoff Whitaker) will join Hub Mountain States. Terms were not disclosed.

Exxe Group Inc. (OTC: AXXA) has completed the acquisition of Chain Adoption, Inc., a blockchain adoption and tokenization specialist. The deal expands Exxe's blockchain capabilities and positions the company to offer tokenization and Web3 services across its client and SaaS service portfolio, including applications in real estate, agribusiness, and financial markets.

U.S. Physical Therapy, Inc. (USPH) acquired a 75% interest in an eight-clinic hand and physical therapy practice operating in Wyoming, with the practice's current owners retaining a 25% stake. The practice generates approximately $6.5 million in annual revenues and about 43,000 annual visits; the deal expands USPH's outpatient clinic footprint in Wyoming.

TRC Companies has acquired Paustenbach & Associates, a specialist scientific consulting firm focused on toxicology, exposure science and risk assessment, to expand TRC’s health-hazard assessment and litigation-support capabilities. The acquisition adds Paustenbach & Associates’ expert witness and scientific-analysis capabilities to TRC’s environmental and engineering service offerings.

CleanSpark Inc. executed 75 MW of power contracts and completed the acquisition of a Bitcoin mining site in Cheyenne, Wyoming, with an initial 30 MW immersion-cooled data center expected to add over 2 EH/s to its hashrate in 2024. The company is also progressing to close a second Wyoming site that would add an additional 45 MW (≈3 EH/s) once brought online.

Clairvest Group Inc. (together with Clairvest Equity Partners VI) and ECL Entertainment, LLC have acquired Wyoming Downs, a licensed live horse racing and off‑track betting operator headquartered in Evanston, Wyoming. Wyoming Downs operates a racetrack plus 19 off‑track betting locations with over 1,100 gaming terminals across the state; Clairvest called the investment its 66th platform investment and its 15th and final investment from the CEP VI co‑investment pool.

Inszone Insurance Services has acquired Van Oppen & Co. 2, a specialist insurance brokerage serving the architectural, engineering, and environmental sectors. The deal expands Inszone's niche capabilities and brings VOCO2's industry expertise into Inszone's national brokerage network.

Seneca Partners acquired Wyoming Corporate Services, a Cheyenne-based corporate formation and registered agent services company. Source Capital (via SCCO IV) and White Wolf Private Credit provided debt financing and an equity co-investment to close the transaction and fund growth and compliance-related initiatives; the seller was owner Gerald Pitts.

Summit Casing Equipment, a Fort Worth-based manufacturer of cementation products for the oil and gas industry, has acquired Scepter Supply, LLC, a Cheyenne-headquartered distributor of casing accessories and centralizers. The acquisition expands Summit's product offering and customer base in the U.S. land-based well construction market and brings Scepter's high-impact composite centralizer and distribution footprint into Summit's manufacturing and service network.

Blue Point Capital Partners' portfolio company Weaver Leather has acquired Rex Specs, a Jackson, Wyoming-based premium brand of outdoor products for active and working dogs. The add-on deal will leverage Weaver and Blue Point's supply chain, e-commerce and marketing capabilities to expand Rex Specs' distribution, customer base and product offerings.

Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, has acquired Black Mountain Rentals, Inc., a two-location general equipment rental business based in Pinedale, Wyoming. The acquisition is REIC's fifth add-on under Kinderhook and expands REIC's geographic presence in the Wyoming/Idaho area; financial terms were not disclosed.

BitFrontier Capital Holdings, Inc. completed the acquisition of Asic Miners US LLC (ASICMINERSUS.COM), a Wyoming-based distributor of cryptocurrency mining hardware that generated over $6 million in 2022. The deal makes Asic Miners US a wholly owned subsidiary as BitFrontier pursues vertical integration by combining hardware distribution with planned liquid-immersion miner hosting facilities across the United States.

Pye-Barker Fire & Safety has acquired ComTronix, a commercial and residential security and fire alarm monitoring company operating in Casper and Sheridan, Wyoming. The deal expands Pye-Barker’s footprint in Wyoming, strengthens its alarm division and enhances its communication and mass-notification capabilities.

SFP Holding, Inc. (Summit Companies) announced that Summit Fire & Security LLC completed the purchase of Laramie Fire Extinguisher Services, effective October 5, 2022. Owner Dan Boddicker sold the local fire extinguisher and life-safety services business to Summit, which will integrate the team into its Cheyenne operations and continue serving Laramie and surrounding communities.

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Industrial Hoist & Crane, a Rock Springs, Wyoming-based provider of overhead crane maintenance, repair and overhaul (MRO) field services. The deal — the 12th add-on for American Equipment since partnering with Rotunda in May 2021 — expands American Equipment's geographic coverage and service capabilities across the Intermountain West; Industrial Hoist will be rebranded as American Equipment.

Physical Rehabilitation Network (PRN), a Gryphon Investors-backed owner-operator of nearly 200 outpatient physical therapy clinics, acquired Gillette Physical Therapy, a single-clinic provider in Gillette, Wyoming. The acquisition marks PRN's entry into Wyoming and is intended to provide clinical and operational support to Gillette PT while expanding PRN's Mountain West footprint.

Funds affiliated with GTCR LLC have made a strategic growth investment in Visionary Broadband, a Gillette, Wyoming-based ISP. The capital will support Visionary’s continued buildout of fiber-to-the-premise networks across Wyoming, Colorado and Montana and help meet match requirements for upcoming state-led grant programs.

Markforged has acquired Teton Simulation, maker of the SmartSlice 3D print validation and optimization software, and will integrate the technology into its Eiger software as a subscription add‑on. Teton’s team will join Markforged’s software organization to scale SmartSlice across Markforged’s Digital Forge platform; terms were not disclosed.

SBP Holdings has acquired Hydrafab LLC, a Green River, Wyoming-based hydraulic repair, fabrication and sales specialist. Hydrafab will operate within SBP's Dakota Fluid Power fluid power/automation platform as SBP expands its North American footprint and service capabilities.

Marbis GmbH (marketed as Nitrado), a FLEX Capital portfolio company, has acquired MCProHosting, LLC, a US-based Minecraft and game server hosting provider. The deal is an add-on in Nitrado's buy-and-build strategy to strengthen its presence in the US and become the global leader in game server hosting by combining infrastructure, product development and customer support capabilities.

Eco Depot, Inc. has acquired all outstanding common shares of Development One Nanotechnologies and Energy Inc., a Wyoming-based developer of nano-carbon coatings, 3D-printed advanced manufacturing parts and cement additives for the oil & gas and construction industries. The acquisition expands Eco Depot’s industrial product portfolio and brings proprietary coatings and cement-additive technologies aimed at improving durability and reducing costs for oilfield tools and construction materials.

Alta Convenience (CF Altitude LLC), a joint venture between Fortress Investment Group and Phillips 66, acquired five Get ’N Go convenience stores from Rock Springs, Wyoming-based Red Horse Oil. The seller, Jay Schneiders, monetized his investment; Alta will integrate the stores into its Denver-based portfolio of convenience stores, which totals roughly 106 locations across four states.

SFP Holding, Inc. (Summit Companies) announced that its subsidiary, Summit Fire & Security LLC, has completed the acquisition of Casper Fire Extinguisher Service, Inc., a family-owned fire-extinguisher and life-safety service provider based in Casper, Wyoming. The transaction expands Summit Fire & Security's presence in Wyoming and adds local fire-extinguisher inspection, maintenance and emergency lighting services to its platform.

Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), has completed the purchase of Phoenix Fire Protection, Inc., a Cheyenne, Wyoming-based fire protection services provider. The acquisition brings Summit into the Wyoming market and retains Phoenix Fire Protection’s existing employees to expand Summit’s local service capabilities in backflow prevention, fire sprinkler and clean agent systems.

Hub International Limited acquired the assets of Wyoming Financial Insurance (WYFI), the largest independently owned insurance agency in Wyoming. The deal—terms undisclosed—brings WYFI's team into Hub Mountain to expand Hub's geographic footprint and strengthen its commercial, personal and employee benefits capabilities in Wyoming; several WYFI principals will not be joining Hub.

Gastro Care Partners (GCP), a PE-backed gastroenterology platform, has completed an affiliation with Gastroenterology Associates of Wyoming (GA), the largest gastroenterology provider in Wyoming based in Casper. The deal expands GCP's regional footprint across the Mountain and Western U.S., gives GA access to GCP's operational capabilities, and makes several GA physicians significant shareholders in GCP; the platform is backed by Varsity Healthcare Partners.

VA Claims Insider, a Texas-based veteran-focused education and coaching business, has acquired HireVeterans.com, a veteran job board founded in 2003. The acquisition brings HireVeterans.com's job-matching capabilities and listings into VA Claims Insider's platform to expand career-placement services for transitioning service members, veterans and military spouses.

Microsoft has acquired ADRM Software, a provider of large-scale, industry-specific data models, to integrate ADRM’s industry data models into Microsoft Azure and accelerate customers’ data and AI initiatives. The ADRM team will join Microsoft to help deliver intelligent data lakes, improve data governance, and speed digital transformation for enterprise customers.

Coastal Television Broadcasting Holdings LLC acquired television stations controlled by Wyoming Media Group (WMG) in the Cheyenne and Casper, Wyoming markets. Capital Southwest led the financing for the transaction (with Main Street Capital as a co-investor) by providing term loans and a revolving credit facility to support the acquisition and ongoing operations.

Alpine Air Express, a Provo-based regional air-cargo operator and portfolio company of AE Industrial Partners, acquired 27 aircraft and associated engines, propellers, spare parts and ground support equipment from Great Lakes Airlines. The purchase expands Alpine’s fleet, maintenance support and spare-parts availability and will allow conversion of the Beech 1900D aircraft into cargo configuration using Alpine’s supplemental type certificate (STC). Terms of the transaction were not disclosed.

The GLI Group acquired Public Knowledge, LLC, a national management consulting firm serving government agencies, to expand and complement GLI's government consulting capabilities. Public Knowledge will continue to operate under its brand and will leverage GLI's infrastructure to scale support for health and human services clients.

The Lubrizol Corporation has completed the acquisition of KABO Unlimited, a Cheyenne, Wyoming-based developer and manufacturer of antifoam and defoaming agents. The deal expands Lubrizol’s defoamer coverage across North America and augments its Fluid Technologies for Industry product capabilities; KABO operates sales, manufacturing and distribution centers west of the Mississippi and has about 33 employees and approximately $14 million in annual revenue.