Acquisitions in Colorado

  • Buyer
    HKW
    Target
    Watershield Industries
    Type
    Buyout

    HKW, a middle-market private equity firm, acquired Watershield Industries, a manufacturer and distributor of fire and rescue equipment serving municipal, wildland, and industrial customers across North America. Watershield’s multi-brand portfolio includes Weis Fire & Safety, S&H Products, and C&S Supply, and it designs and manufactures brush trucks, pump testing units, and engineered nozzles and valves. Financial terms were not disclosed.

  • Buyer
    Health Wave Partners
    Target
    MorningStar Senior Living of Parker
    Seller
    MorningStar Senior Living
    Type
    Buyout

    Health Wave Partners announced the acquisition of MorningStar Senior Living of Parker, a 191-unit Class-A senior housing campus in Parker, Colorado. The deal supports Health Wave’s strategy of investing in high-quality senior housing communities with experienced operating partners in demographically advantaged markets.

  • Buyer
    Greenbelt Capital Partners
    Target
    Peak Utility Services Group
    Seller
    ORIX Capital Partners
    Type
    Buyout

    Greenbelt Capital Partners entered into a definitive agreement to acquire Peak Utility Services Group from ORIX Capital Partners. Peak provides maintenance, repair, and upgrade services for electric, gas, and telecommunications infrastructure across 15 states. The transaction is expected to close subject to customary regulatory approvals and closing conditions; terms were not disclosed.

  • Buyer
    Domain Capital Group
    Target
    Simpson Property Group
    Seller
    The State of Michigan Retirement Systems
    Industry
    Real Estate
    Type
    Buyout

    Domain Capital Group has completed its acquisition of Denver-based Simpson Property Group from The State of Michigan Retirement Systems (SMRS). The deal expands Domain’s role from investment adviser to owner, enabling further institutionalization and scaling of Simpson’s vertically integrated multifamily real estate platform.

  • Buyer
    Midland Industries
    Target
    Industrial Specialties Manufacturing (ISM)
    Type
    Buyout

    Midland Industries, a Kansas City, Missouri-based value-added distributor and manufacturer, announced it has acquired Industrial Specialties Manufacturing (ISM). Financial terms were not disclosed. The acquisition expands Midland’s product portfolio and strengthens its position in OEM channels through ISM’s technical expertise in pneumatic, vacuum, and fluid circuitry components.

  • Buyer
    Paw Prosper
    Target
    Blue-9 Pet Products
    Seller
    David Blake (Founder and Former President of Blue-9 Pet Products)
    Type
    Addon

    Paw Prosper, an animal health and wellness platform, has acquired Blue-9 Pet Products, a provider of behavior management, communication, and skill development tools for dogs and their handlers. The deal aims to expand Paw Prosper’s integrated conditioning and fitness solutions by combining Blue-9 with its FitPaws equipment and simplifying purchasing and support for pet professionals.

  • Buyer
    Jack and Sage
    Target
    Kastlfel
    Type
    Addon

    Jack and Sage announced it has acquired 100% of the assets, intellectual property, and inventory of sustainable apparel brand Kastlfel. The deal also includes a strategic partnership with Kastlfel’s parent, Ecocentric Brands, which will continue screen print decoration in Denver using the same sustainability-driven standards; financial terms were not disclosed.

  • Buyer
    Enverus
    Target
    Spatial Business Systems (SBS)
    Seller
    An affiliate of Peak Rock Capital (Peak Rock Capital affiliate)
    Industry
    IT Services
    Type
    Buyout

    Enverus entered into a definitive agreement to acquire Spatial Business Systems (SBS), an AI-enabled intelligent design automation platform for electric and gas utilities and related infrastructure markets. The deal is expected to close in Q2 2026, subject to customary closing conditions and regulatory approvals.

  • Buyer
    Galaxy Service Partners
    Target
    Sylvester's Maintenance & Mechanical LLC
    Seller
    James Sylvester (Founder)
    Type
    Addon

    Galaxy Service Partners, a newly formed alliance focused on commercial door, automatic gate, and access control maintenance, has completed its partnership with Sylvester's Maintenance & Mechanical LLC. Sylvester's is a commercial dock and door service company based in Denver, Colorado with an additional location in Chesapeake, Virginia.

  • Buyer
    KYT Group, KYT Group and its institutional investment partners
    Target
    Glo Skin Beauty
    Type
    Buyout

    KYT Group and its institutional investment partners acquired premium, clean and clinically rooted skincare brand Glo Skin Beauty to support focused, long-term growth. The deal includes an operator-led leadership transition, with KYT Co-Founder and Managing Partner Kurt Kober assuming CEO.

  • Buyer
    Gryphon Investors, Bow River Capital
    Target
    HRSoft
    Industry
    Cloud & SaaS

    Gryphon Investors completed a majority investment in HRSoft, an enterprise compensation management software provider headquartered in Denver. Existing investor Bow River Capital retained a minority stake, with HRSoft’s executive team led by CEO Joe Poxson continuing to manage the business.

  • Buyer
    FirstSun Capital Bancorp
    Target
    First Foundation Inc.
    Type
    Buyout

    FirstSun Capital Bancorp and First Foundation Inc. announced an all-stock merger to combine their bank subsidiaries, with Sunflower Bank, N.A. as the surviving bank. The deal was approved by both boards and is subject to remaining regulatory and shareholder closing conditions, with an expected close in early Q2 2026 (later targeted for April 1, 2026).

  • Buyer
    NWPX Infrastructure, Inc.
    Target
    Boughton's Precast, Inc.
    Type
    Buyout

    NWPX Infrastructure (Nasdaq: NWPX) has acquired Boughton's Precast, Inc., a family-operated precast concrete manufacturer based in Pueblo, Colorado. The acquisition, which closed on February 23, 2026, expands NWPX's precast manufacturing footprint in the Mountain States and will operate under the NWPX Precast name.

  • Buyer
    EAS Tire & Auto (a Straightaway brand)
    Target
    Total Automotive
    Seller
    Ross Houk
    Industry
    Automotive
    Type
    Addon

    EAS Tire & Auto, a Straightaway brand, acquired Total Automotive in Fort Collins, Colorado, marking EAS's 23rd shop in the state. Owner Ross Houk will transition the location to EAS while the shop continues operating with the same team and local focus.

  • Buyer
    Mission Wealth Management, LP
    Target
    RightPath Investments & Financial Planning, Inc.
    Type
    Buyout

    Mission Wealth has merged with RightPath Investments & Financial Planning, a Colorado-based independent, fee-only wealth advisory firm founded by Steven R. Smith. As part of the integration Smith will join Mission Wealth as a Special Advisor and Megan Nuttelman will join as a Wealth Advisor; the deal expands Mission Wealth's footprint in Colorado and strengthens its retirement planning capabilities.

  • Buyer
    Herzig Engineering, Copley Equity Partners
    Target
    Martin Technical
    Type
    Addon

    Herzig Engineering, a national electrical safety and compliance firm backed by Copley Equity Partners, has acquired Martin Technical, a provider of lockout tagout, arc flash, infrared inspection and electrical reliability services. Financial terms were not disclosed; the deal will integrate Martin's employees into Herzig and expand Herzig's national coverage and service capabilities in electrical safety, reliability and training.

  • Buyer
    Legrand
    Target
    Kratos Industries
    Industry
    Manufacturing
    Type
    Buyout

    Legrand has acquired Kratos Industries, a Colorado-based manufacturer of low-voltage switchboards, medium-voltage switchgear and integrated power systems, to strengthen its critical power offerings for the data center market. In parallel, Legrand participated in Accelsius' Series B to deepen capabilities in two-phase, direct-to-chip liquid cooling for high-density AI data centers.

  • Buyer
    Choice Health at Home
    Target
    Alliant Home Health, Palliative, and Hospice Care (Alliant)
    Seller
    Alliant's leadership/co-founders (incl. Tim Heronimus, co-founder)
    Type
    Buyout

    Choice Health at Home acquired Alliant Home Health, Palliative, and Hospice Care from its owners. The deal closed on November 12, 2025, and Helix Health Capital Advisors served as Alliant’s exclusive financial advisor.

  • Buyer
    Infleqtion, Inc., Churchill Capital Corp X
    Target
    ColdQuanta, Inc. (d/b/a Infleqtion), Churchill Capital Corp X (as the SPAC vehicle being combined with)
    Type
    Buyout

    Infleqtion completed its previously announced business combination with Churchill Capital Corp X (Churchill X), a special purpose acquisition company, and began trading on the NYSE under ticker INFQ on February 17, 2026. Following the closing, Churchill X delisted its shares, warrants, and units from Nasdaq, and Infleqtion positioned itself as a publicly listed neutral-atom quantum computing and quantum sensing company.

  • Buyer
    SGS
    Target
    Murray-Brown Laboratories
    Industry
    Food & Beverage
    Type
    Buyout

    Swiss testing, inspection and certification provider SGS has acquired Murray-Brown Laboratories, a Denver-based food, pet food and nutraceutical testing laboratory. The deal expands SGS's microbial and analytical chemistry testing capabilities in North America and strengthens its footprint for nutraceutical testing, including kratom, kava and hemp analysis.

  • Buyer
    Expedition:Earth, Providence Investment Partners
    Target
    EXPLORE, Inc.
    Type
    Buyout

    Expedition:Earth, a new Texas-based multi-brand operator, announced a strategic investment to acquire EXPLORE, Inc., a Steamboat Springs, Colorado-based luxury tour operator specializing in custom travel throughout Africa and select global destinations. Providence Investment Partners provided debt and equity financing to support the transaction, which serves as Expedition:Earth's inaugural platform acquisition under its buy-and-build growth strategy to expand capabilities, distribution and technology while preserving EXPLORE's founder-led culture.

  • Buyer
    Savvy Advisors Inc. (Savvy Wealth, Inc.)
    Target
    Colorado Wealth Group
    Type
    Addon

    Savvy Advisors Inc., a tech-enabled RIA platform affiliated with Savvy Wealth, announced the addition of Denver-based Colorado Wealth Group (CWG), bringing approximately $300 million in client assets. CWG’s eight-person team retains ownership of their book while gaining access to Savvy’s back-office infrastructure, AI-enabled tools and operational support as Savvy continues rapid advisor-led platform growth.

  • Buyer
    Highland Rim Capital
    Target
    Xybix Systems, Inc.
    Type
    Buyout

    Highland Rim Capital has completed its acquisition of Xybix Systems, a designer, manufacturer, and installer of mission-critical ergonomic workstations for 24/7 environments. The investment will keep Xybix led by CEO Adam Cookson and its existing senior leadership team, with the founders maintaining an ongoing relationship during the transition.

  • Buyer
    PSS Industrial Group
    Target
    Cross Country Infrastructure Services
    Type
    Buyout

    PSS Industrial Group has combined with Cross Country Infrastructure Services to form PSS Cross Country Infrastructure Solutions, creating a national provider of equipment rental, supplies and services for critical infrastructure projects. The combination expands the companies' geographic footprint and capabilities across energy, renewables, utilities and civil construction markets.

  • Buyer
    Gauge Capital
    Target
    Affordable American Insurance (AAI)
    Industry
    Insurance

    Gauge Capital has made a strategic growth investment to recapitalize Affordable American Insurance (AAI), a tech-enabled property & casualty insurance agency network. The investment will provide growth capital to expand AAI's team and resources, accelerate organic expansion across its agency network, and pursue strategic acquisitions to scale the national platform.

  • Buyer
    FMG
    Target
    Testimonial iQ
    Type
    Buyout

    FMG, a marketing platform for wealth management enterprises, financial advisors, and insurance professionals, has acquired Testimonial iQ, an online reputation management platform built for the wealth management industry. Testimonial iQ’s compliant testimonials, reviews, referrals, and client feedback tools will be integrated into FMG and the acquired business will be rebranded as FMG Testimonials. The company says the transaction was finalized in December, though financial terms were not disclosed.

  • Buyer
    SSI Diagnostica Group
    Target
    InDevR
    Type
    Buyout

    SSI Diagnostica Group has announced the acquisition of InDevR, a Colorado-based provider of multiplexed solutions for vaccine testing and quality control. The deal is intended to strengthen SSI’s leadership in pneumococcal vaccine QC testing by adding next-generation multiplexing assays, influenza and mRNA vaccine QC expertise, and related analytical software capabilities.

  • Buyer
    Seedbox Solution, Granite Creek Capital Partners, L.L.C.
    Target
    Trace Engineering LLC
    Industry
    Agriculture
    Type
    Addon

    Seedbox Solution, a portfolio company of Granite Creek Capital Partners, has merged with Trace Engineering, a Colorado-based hardware and software engineering firm. The transaction brings Trace’s engineering capabilities in-house to accelerate development of Seedbox’s BOXIQ IoT monitoring platform and expand Seedbox’s technology-driven offerings for the seed industry and adjacent markets.

  • Buyer
    Cook Inlet Region, Inc. (CIRI)
    Target
    I2X Technologies
    Industry
    IT Services
    Type
    Buyout

    Cook Inlet Region, Inc. (CIRI) has purchased I2X Technologies, an IT software, systems engineering, integration, testing, and data management provider. I2X will operate under OSC Global, a CIRI-owned IT and cybersecurity group, and the acquisition is intended to broaden CIRI's capabilities, create operational synergies, and support long-term growth.

  • Buyer
    DXP Enterprises, Inc.
    Target
    Ambiente H2O Inc.
    Type
    Buyout

    DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Ambiente H2O Inc., a Sheridan, Colorado–based manufacturer representative and service provider for pumps, process equipment, and instrumentation serving the water and wastewater market. The deal expands DXP’s Water platform and establishes a presence across Colorado, Idaho, Utah, Wyoming, and Montana; Ambiente reported approximately $8.1 million in trailing twelve-month sales through December 31, 2025.

  • Buyer
    BKV Corporation
    Target
    BKV-BPP Power, LLC
    Seller
    Banpu Power US Corporation (BPPUS)
    Industry
    Energy
    Type
    Buyout

    BKV Corporation entered into a definitive purchase agreement to acquire from Banpu Power US Corporation (BPPUS) one-half of BPPUS’ interest in the BKV-BPP Power joint venture, increasing BKV’s ownership to 75% and granting majority control. The deal provides for cash and BKV common stock consideration and is expected to enable BKV to consolidate the Power JV’s financial results for a streamlined power operating and growth platform.

  • Buyer
    SM Energy Company
    Target
    Civitas Resources, Inc.
    Industry
    Oil & Gas
    Type
    Buyout

    SM Energy has completed its all-stock merger with Civitas Resources following stockholder approvals. The combined company retains the SM Energy name and ticker symbol “SM” and is led by Beth McDonald as president and chief executive officer.

  • Buyer
    ABC Fine Wine & Spirits
    Target
    Applejack Wine & Spirits
    Seller
    Jim Shpall (former Applejack CEO and owner), Applejack Wine & Spirits owners
    Industry
    Retail
    Type
    Buyout

    ABC Fine Wine & Spirits, a Florida-based family-owned retailer, has acquired Applejack Wine & Spirits, a Colorado-based wine and spirits retailer with three stores. The acquisition is ABC's first out-of-state move in its 90-year history and initiates the company's national expansion while preserving Applejack's brand and local operations.

  • Buyer
    Electric Equipment Engineering (EEE), HKW
    Target
    Endpoint Industrial Controls
    Industry
    Manufacturing
    Type
    Addon

    HKW’s portfolio company Electric Equipment Engineering (EEE) has completed a strategic merger with Endpoint Industrial Controls, a Loveland, Colorado–based designer and manufacturer of low-voltage electrical products. The combination expands EEE’s product offering and engineered solutions for end markets including data centers, energy and industrial customers, with Endpoint’s leadership team remaining in place.

  • Buyer
    cbdMD, Inc.
    Target
    Bluebird Botanicals
    Type
    Buyout

    cbdMD, Inc. (NYSE American: YCBD) acquired substantially all assets of Bluebird Botanicals in early January 2026 to integrate Bluebird's regulatory science, safety and IP assets into cbdMD's clinical and toxicology platform. The deal strengthens cbdMD's regulatory-compliance and GRAS capabilities for both broad-spectrum and full-spectrum cannabinoid formulations and is expected to contribute to revenue growth and expanded product safety dossiers.

  • Buyer
    White Cap
    Target
    VoidForm Products
    Seller
    Argonaut Private Equity
    Type
    Buyout

    Atlanta-based White Cap has acquired VoidForm Products, a maker of customizable void-form and soil-expansion mitigation products. VoidForm’s president David DiLuccia will continue to lead the business; terms were not disclosed and VoidForm had previously partnered with Argonaut Private Equity.

  • Buyer
    Actionstep
    Target
    Traced
    Industry
    Software
    Type
    Buyout

    Actionstep, a cloud-based law firm management software provider, has acquired early-stage passive time capture startup Traced to accelerate development of its AI-powered Trace time capture module. The acquisition brings Traced’s founder and technology into Actionstep’s product team to strengthen automated, AI-driven time capture for midmarket law firms.

  • Buyer
    Proven Optics, Silversmith Capital Partners
    Target
    brightfin (ServiceNow-native enterprise business)
    Seller
    brightfin, Periscope Equity
    Industry
    IT Services

    Proven Optics, backed by Silversmith Capital Partners, has acquired brightfin's ServiceNow-native enterprise business from Periscope Equity. Periscope will retain and reintroduce Mobile Solutions as a standalone, mid-market-focused platform and has named Chebem Chukwu as CEO as it pursues organic growth and add-on acquisitions.

  • Buyer
    Graham Corporation
    Target
    FlackTek Manufacturing, LLC, FlackTek Sales, LLC
    Industry
    Manufacturing
    Type
    Buyout

    Graham Corporation (NYSE: GHM) acquired 100% of FlackTek Manufacturing, LLC and FlackTek Sales, LLC for a $35 million base purchase price (85% cash, 15% stock via 75,818 shares) plus up to $25 million of performance‑based earnouts. The acquisition adds advanced materials processing as a third core platform for Graham and keeps FlackTek headquartered in Louisville, Colorado (satellite in Greenville, South Carolina) as a wholly owned subsidiary; FlackTek reported approximately $30 million in annualized revenue.

  • Buyer
    Lovell Minnick Partners, Carlyle AlpInvest
    Target
    SRS Acquiom

    Lovell Minnick Partners closed a single-asset continuation vehicle for SRS Acquiom in a transaction led by Carlyle AlpInvest, providing fresh capital and a refreshed ownership structure while keeping existing and new investors and management as shareholders. The recapitalization is intended to support SRS Acquiom's next phase of growth — including international expansion across the U.K. and Europe, a push on strategic acquisitions, and further investment in tech-enabled solutions.

  • January 23, 2026
    Buyer
    Vector
    Target
    YardView
    Type
    Addon

    Vector has acquired YardView, a yard management and dock visibility provider, to integrate YardView’s real-time yard tracking with Vector’s e-BOL and workflow platform. The deal — enabled through Vector’s partnership with BVP Forge — aims to close visibility gaps during custody transfers, expand capabilities across gate/yard/dock/document workflows, and retain YardView leadership in advisory and operational roles.

  • Buyer
    Transom Capital Group, Transom Capital Group (Transom)
    Target
    WellBiz Brands, Inc.
    Seller
    KSL Capital Partners
    Type
    Buyout

    Transom Capital Group completed its acquisition of WellBiz Brands, a multi-brand beauty and wellness franchisor platform. The deal expands Transom’s operational transformation focus in consumer services, with plans to accelerate WellBiz’s growth by improving franchisee support, profitability, and unit development.

  • Buyer
    Oakline Properties, Alpine Investors
    Target
    Four Star Realty
    Industry
    Real Estate
    Type
    Addon

    Oakline Properties, a property-management platform launched by Alpine Investors, has acquired Four Star Realty, a Colorado-based multifamily and student-housing property management firm. Four Star—founded in 1986 and managing more than 5,000 market-rate residential units and 3,000 student housing units—will continue to operate under its current brand and leadership while joining Oakline's expanding Mountain West platform.

  • January 20, 2026
    Buyer
    Minitab, LLC
    Target
    Scytec Consulting Inc. (Scytec)
    Industry
    Data & Analytics
    Type
    Buyout

    Minitab, a global data analytics and process-improvement software provider, has acquired Scytec, the maker of DataXchange, to add real-time machine data collection and shop-floor monitoring capabilities to its analytics portfolio. The deal expands Minitab's end-to-end manufacturing data capabilities—connecting machine-level operational data with quality analytics, OEE monitoring, and real-time SPC.

  • Buyer
    Alliant Power
    Target
    Capital Reman Exchange
    Seller
    Brian Pfizeter, Bryan Burn, Dennis Gordon
    Industry
    Manufacturing
    Type
    Buyout

    Alliant Power has acquired Capital Reman Exchange, a Denver-based remanufacturer of Class 8 diesel engines and components, to expand its heavy-duty engine remanufacturing capabilities and provide more end-to-end solutions for service shops, fleets, and dealers across North America. The deal integrates Capital Reman's machine shop and remanufacturing expertise with Alliant Power's OE-critical parts and value-added solutions to offer premium overhaul kits, long blocks built to OE specs, and expanded fuel and air system offerings.

  • Buyer
    TridentCare
    Target
    DispatchHealth (Imaging business unit)
    Seller
    DispatchHealth

    TridentCare has acquired DispatchHealth's imaging business unit, effective January 20, 2026. The unit—operating portable X-ray and ultrasound services across 16 states—will be integrated into TridentCare's national portable diagnostics platform to expand capability, improve scheduling and response times, and broaden geographic coverage.

  • Buyer
    Libera, Inc., Tideshift Capital Group
    Target
    CiviCore
    Seller
    Neon One
    Industry
    Cloud & SaaS
    Type
    Buyout

    Libera, a GovTech-native case management and vocational rehabilitation SaaS provider backed by Tideshift Capital Group, acquired CiviCore from Neon One. CiviCore is a Denver-based provider of cloud case management, data analytics, mentoring, and grant tracking for state and local government and non-profit organizations.

  • Buyer
    Accel-KKR
    Target
    Nutrislice
    Industry
    Cloud & SaaS
    Type
    Buyout

    On January 15, 2026, private equity firm Accel-KKR acquired Nutrislice, a Broomfield, Colorado–based provider of digital menus, ordering, and signage solutions for restaurants. Financial terms were not disclosed; the deal gives Accel-KKR a foothold in the food‑tech / restaurant software market and provides Nutrislice with capital and operational support to accelerate growth.

  • Buyer
    MPearlRock, MidOcean Partners, Kroger, 84.51°
    Target
    The Good Crisp Company
    Industry
    Food & Beverage
    Type
    Addon

    MPearlRock has acquired The Good Crisp Company, a clean-label salty snack brand founded by Matt Parry, to expand its better-for-you salty snacks platform. The Good Crisp's products are sold in over 20,000 retail doors across the U.S., Canada, Australia and the U.K.; financial terms were not disclosed.

  • Buyer
    Rampart Exterior Services
    Target
    Colorado Moisture Control, Inc. (CMC)
    Type
    Addon

    Huron Capital’s portfolio company, Rampart Exterior Services, acquired Colorado Moisture Control, Inc. (CMC), a Denver-based roofing and waterproofing company. The deal expands Rampart’s geographic footprint in Colorado and adds technical capabilities in waterproofing and roofing systems; financial terms were not disclosed.

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