2025 Year in Review | Colorado M&A Insights

The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.

2025 - National Transaction Data

Targets in Colorado

Colorado - Transaction Value and Count

Colorado — Business Sale Overview

Colorado’s 2025 M&A market reflected a healthy, diversified year in which strategic buyers and financial sponsors continued to lean into the state’s deep bench of founder-led companies across the Front Range and the broader Mountain West. Deal flow spanned software and data infrastructure, industrial services, financial services, healthcare, consumer, and energy—illustrating that Colorado remains a “multi-vertical” sourcing market where high-quality assets can attract both national acquirers and local consolidators. Several transactions underscored the state’s ability to produce scaled, institutional-caliber outcomes, including Honeywell’s $2.16B acquisition of Sundyne (industrial process equipment), Zimmer Biomet’s $1.316B acquisition of Paragon 28 (orthopedic devices), and major energy consolidation activity such as SM Energy’s $7.747B acquisition of Civitas Resources and Viper Energy’s $3.811B acquisition of Sitio Royalties—each highlighting continued appetite for durable cash flows and strategically important assets.

Technology and digitally enabled services were also central themes, with buyers prioritizing workflow software, cybersecurity, communications, and infrastructure adjacency. Notable examples included Zscaler’s $675M acquisition of Red Canary (managed detection & response), NEC’s $2.783B acquisition of CSG Systems International (telecom and customer engagement software), Roku’s $185M acquisition of Frndly TV (streaming), and a steady cadence of tuck-ins across analytics, compliance, and productivity tooling (e.g., IncQuery.io, GQueues, Mortgage Cadence, FluentStream). Separately, the year reinforced how “roll-up” platforms remain active across non-tech services: insurance brokerage and wealth management consolidation remained persistent (e.g., multiple insurance agency transactions alongside acquisitions of Jenkins Wealth, Holben Group, Monticello Associates), while infrastructure and field-services platforms continued building density (e.g., Bain Capital’s acquisition of Frontline Road Safety Group; further expansion in utilities, environmental engineering, and specialty contracting).

For Colorado business owners, the throughline in 2025 was clear: buyers are rewarding defensible market positions, recurring or contract-supported revenue, and operational maturity—especially for companies that can serve as platforms or highly strategic add-ons. Whether the acquirer is a strategic consolidator building regional density (e.g., automotive services, distribution, construction and building products) or a sponsor-backed platform seeking scale in fragmented categories, the most competitive processes continue to be driven by strong preparedness: clean financials, a documented growth plan, and a clear articulation of why the company wins in its niche. In that context, 2025 reinforced Colorado’s standing as one of the Mountain West’s most active and resilient M&A environments—capable of supporting both marquee, headline transactions and the steady middle-market volume that creates real liquidity options for founder-led teams.

Colorado — Strategic vs. Sponsor-led Activity

Colorado — X / Y Plot By Sector

Colorado — M&A Segmentation

Colorado — Sector Breakdown

Second Level Primary Industry Breakdown

Colorado M&A Deal Summaries — Business Sale Activity for M&A Targets

The following transactions represent M&A activity where the target entity is headquartered in described geography, in line with the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.

1. KDVW-LP (1/2/2025)

Roca De Refugio Spanish Assembly of God of Montrose, CO, acquired KDVW-LP, expanding its Spanish-language broadcasting capabilities to better serve the local Hispanic community.

2. K-Motion Auto Service, Inc. (1/2/2025)

EAS Tire & Auto, LLC of Littleton, CO, acquired K-Motion Auto Service, Inc. of Englewood, CO, consolidating its market presence in the Denver metropolitan automotive service sector.

3. Cocannco Inc. (1/3/2025)

Energroup Holdings Corp. of Sacramento, CA, acquired Cocannco Inc. of Englewood, CO, expanding its presence in the Colorado cannabis market and strengthening its multi-state operations.

4. AMP Memberships, LLC (1/6/2025)

National Carwash Solutions, Inc. of Grimes, IA, acquired AMP Memberships, LLC of Denver, CO, strengthening its membership management and customer retention capabilities across its carwash operations.

5. Tap Rock Resources, LLC (1/6/2025)

Jonah Energy LLC of Denver, CO, acquired Tap Rock Resources, LLC of Golden, CO, consolidating its position in Colorado's oil and gas market.

6. Neat Labs LLC (1/7/2025)

Lower, LLC of Columbia, MD, acquired Neat Labs LLC of Boulder, CO, expanding its technology capabilities and product development portfolio.

7. Peter's Chinese Cafe (1/7/2025)

Undisclosed Buyer acquired Peter's Chinese Cafe of Denver, CO, expanding its restaurant portfolio in the Colorado market.

8. Substantially All of The Assets And Liabilities Of Cedrus Holding CO, LLC (1/7/2025)

Arax Investment Partners, LLC of New York, NY, acquired substantially all of the assets and liabilities of Cedrus Holding CO, LLC of Littleton, CO, positioning the firm to capitalize on growth opportunities in the Colorado market.

9. Ensero Solutions, Inc. (1/8/2025)

True Environmental, Inc. of New York, NY, acquired Ensero Solutions, Inc. of Fort Collins, CO, strengthening its environmental remediation and consulting capabilities in the western markets.

10. Sell My House to Smith, LLC (1/8/2025)

Sell My House Fast In Colorado of San Diego, CA, acquired Sell My House to Smith, LLC of Colorado Springs, CO, consolidating its cash home buying operations across the Colorado market.

11. Slifer Designs, Inc. (1/8/2025)

Private Investor acquired Slifer Designs, Inc. of Edwards, CO, strengthening its portfolio in architectural design and luxury mountain residential development services.

12. Encite Marketing Inc (1/9/2025)

YB Marketing LLC of Oxnard, CA, acquired Encite Marketing Inc of Denver, CO, expanding its geographic reach and strengthening its digital marketing capabilities in the Colorado market.

13. Riverside Technology, inc. (1/9/2025)

Consolidated Safety Services, Inc. of Fairfax, VA, acquired Riverside Technology, inc. of Fort Collins, CO, strengthening its technical capabilities in environmental and water resources consulting services.

14. Antero Automotive And Truck Services Inc. (1/10/2025)

EAS Tire & Auto, LLC of Littleton, CO, acquired Antero Automotive And Truck Services Inc. of Greenwood Village, CO, consolidating automotive service capabilities in the Denver metropolitan area.

15. Darant Distributing Corporation (1/10/2025)

Richelieu Hardware Ltd. acquired Darant Distributing Corporation of Denver, CO, expanding its hardware distribution network into the Colorado market.

16. RMB Products, Inc. (1/10/2025)

Integrated Polymer Solutions Group of Long Beach, CA, acquired RMB Products, Inc. of Fountain, CO, strengthening its specialized polymer manufacturing capabilities and expanding its geographic footprint in the Mountain West region.

17. Angi Inc. (1/13/2025)

0 acquired Angi Inc. of Denver, CO for $670M, consolidating its position in the digital home services marketplace.

18. Refactored LLC (1/13/2025)

BizStream, Inc. of Allendale, MI, acquired Refactored LLC of Windsor, CO, strengthening its software development and digital transformation capabilities.

19. Insurance Business of Boulder Insurance Solutions, LLC (1/14/2025)

Trucordia of Lindon, UT, acquired Insurance Business of Boulder Insurance Solutions, LLC of Boulder, CO, expanding its insurance services portfolio and strengthening its presence in the Colorado market.

20. Jenkins Wealth (1/14/2025)

Mariner, LLC of Overland Park, KS, acquired Jenkins Wealth of Englewood, CO, expanding its wealth management capabilities in the Colorado market.

21. Creager Mercantile Co. Inc. (1/17/2025)

Labor Smart, Inc. acquired Creager Mercantile Co. Inc. of Denver, CO for $1M, strengthening its presence in the Colorado commercial supply market.

22. Analytiks, LLC (1/21/2025)

Premier International Enterprises, Inc. of Chicago, IL, acquired Analytiks, LLC of Denver, CO, strengthening its data analytics and business intelligence capabilities.

23. GQueues LLC (1/21/2025)

Baydin, Inc. of Mountain View, CA, acquired GQueues LLC of Boulder, CO, consolidating its position in the productivity software market by adding task management capabilities to complement its email optimization solutions.

24. AcoustiFLO, Inc. (1/23/2025)

Madison Air US Holdings Corporation of Chicago, IL, acquired AcoustiFLO, Inc. of Aurora, CO, strengthening its portfolio of specialized acoustic and flow control solutions.

25. Cedrus Holding Co, LLC (1/27/2025)

Arax Investment Partners, LLC of New York, NY, acquired Cedrus Holding Co, LLC of Littleton, CO, strengthening its investment portfolio with a Colorado-based holding company platform.

26. Paragon 28, Inc. (1/28/2025)

Zimmer Biomet Holdings, Inc. of Warsaw, IN, acquired Paragon 28, Inc. of Englewood, CO for $1,316M, strengthening its position in the foot and ankle orthopedic device market.

27. Creative Packaging Group LLC (1/29/2025)

Kelly Spicers Inc. of Santa Fe Springs, CA, acquired Creative Packaging Group LLC of Denver, CO, strengthening its packaging solutions capabilities and expanding its geographic footprint in the mountain west region.

28. One EBS Wireless License (1/29/2025)

Nextel West Corp. of Bellevue, WA, acquired One EBS Wireless License, strengthening its wireless spectrum portfolio and network capacity.

29. Sage Pursuits, Inc. (1/29/2025)

InductiveHealth Informatics, LLC of Atlanta, GA, acquired Sage Pursuits, Inc. of Greenwood Village, CO, strengthening its healthcare technology and data analytics capabilities.

30. Frontline Road Safety Group, LLC (1/30/2025)

Bain Capital, LP of Boston, MA, acquired Frontline Road Safety Group, LLC of Denver, CO, strengthening its portfolio in the critical infrastructure and transportation safety services sector.

31. Skull Creek Project (1/30/2025)

Pioneer Lithium Limited acquired Skull Creek Project for $1M, expanding its lithium resource portfolio and mineral exploration capabilities.

32. FPS Trust Company, LLC (2/3/2025)

SS&C Technologies Holdings, Inc. of Windsor, CT, acquired FPS Trust Company, LLC of Centennial, CO, strengthening its trust and fiduciary services capabilities within its financial technology platform.

33. Precision Sample, LLC (2/3/2025)

ACKWEST Group of West Palm Beach, FL, acquired Precision Sample, LLC of Denver, CO, strengthening its analytical testing and sampling capabilities in the Rocky Mountain region.

34. TrailerHawk.ai, LLC (2/3/2025)

Wabash National Corporation of Lafayette, IN, acquired TrailerHawk.ai, LLC of Denver, CO for $21M, advancing its digital capabilities in trailer tracking and fleet management technology.

35. American DataBank, LLC (2/4/2025)

DISA Global Solutions, Inc. of Houston, TX, acquired American DataBank, LLC of Denver, CO, strengthening its background screening and workforce compliance services portfolio.

36. ProKASRO Services USA, Inc. (2/4/2025)

The Charles Machine Works, Inc. of Lake Mills, WI, acquired ProKASRO Services USA, Inc. of Centennial, CO, strengthening its underground construction and utility infrastructure service capabilities.

37. Beddor Claude LLC (2/5/2025)

Trees Colorado LLC of Englewood, CO, acquired Beddor Claude LLC of Lakewood, CO for $2M, consolidating its presence in the Colorado market.

38. CareCar, Inc. (2/5/2025)

NationsBenefits, LLC of Plantation, FL, acquired CareCar, Inc. of Denver, CO, strengthening its healthcare benefits platform with expanded transportation and mobility services for members.

39. Aspen Leadership Group, LLC (2/6/2025)

ZRG Partners, LLC of Rochelle Park, NJ, acquired Aspen Leadership Group, LLC of Aspen, CO, strengthening its executive search and leadership advisory capabilities.

40. Gitcoin Holdings, Inc. (2/10/2025)

Holonym Foundation of Wilmington, DE, acquired Gitcoin Holdings, Inc. of Lafayette, CO for $10M, strengthening its decentralized funding and open-source development ecosystem capabilities.

41. Aspen Gold Insurance Brokers, LLC (2/14/2025)

ALKEME INC. of Ladera Ranch, CA, acquired Aspen Gold Insurance Brokers, LLC of Broomfield, CO, strengthening its insurance brokerage capabilities in the Colorado market.

42. Evolve Lab LLC (2/19/2025)

Chaos Software Ltd. acquired Evolve Lab LLC of Boulder, CO, strengthening its software development capabilities and expanding its presence in the Colorado technology market.

43. Strategic Fence & Wall Company (2/25/2025)

Perimeter Solutions Group, LLC of Tampa, FL, acquired Strategic Fence & Wall Company of Breckenridge, CO, strengthening its commercial fencing and barrier installation capabilities in the Colorado market.

44. Delta County Tele-Comm, Inc. (2/27/2025)

DMEA Utilities Services, LLC of Montrose, CO, acquired Delta County Tele-Comm, Inc. of Montrose, CO, consolidating telecommunications infrastructure and utility services within the regional market.

45. Cherry Creek Mortgage, LLC (3/4/2025)

Jet HomeLoans LP of Jacksonville, FL, acquired Cherry Creek Mortgage, LLC of Greenwood Village, CO, reinforcing its mortgage lending capabilities and expanding its geographic footprint into the Colorado market.

46. Excellence in Giving LLC (3/4/2025)

OneAscent Holdings LLC of Birmingham, AL, acquired Excellence in Giving LLC of Colorado Springs, CO, expanding its faith-based financial services platform with specialized philanthropic advisory capabilities.

47. Holben Group, LLC (3/4/2025)

EP Wealth Advisors, LLC of Torrance, CA, acquired Holben Group, LLC of Denver, CO, expanding its wealth management footprint into the Colorado market.

48. Sundyne LLC (3/4/2025)

Honeywell International Inc. of Charlotte, NC, acquired Sundyne LLC of Arvada, CO for $2,160M, strengthening its industrial process solutions portfolio with specialized pumping and compression technologies.

49. Carver and Associates Insurance Services, Inc. (3/5/2025)

CCIG of Englewood, CO, acquired Carver and Associates Insurance Services, Inc. of Arvada, CO, consolidating its presence in the Colorado insurance market.

50. Danko Manufacturing, LLC (3/6/2025)

Lippert Components, Inc. of Elkhart, IN, acquired Danko Manufacturing, LLC of Castle Rock, CO, reinforcing its manufacturing capabilities and expanding its presence in the Colorado market.

51. Moonrise Midstream, LLC (3/7/2025)

Summit Midstream Holdings, LLC of Austin, TX, acquired Moonrise Midstream, LLC of Greenwood Village, CO for $88M, strengthening its natural gas gathering and processing infrastructure in the Rocky Mountain region.

52. Stored Energy Systems, A Limited Liability Company (3/10/2025)

IGP Industries LLC acquired Stored Energy Systems, A Limited Liability Company of Longmont, CO, strengthening its position in the energy storage and power management solutions market.

53. Agathos, Inc. (3/12/2025)

EvidenceCare, Inc. of Brentwood, TN, acquired Agathos, Inc. of Boulder, CO, strengthening its healthcare analytics and clinical decision support capabilities.

54. Concurrent HRO, LLC (3/12/2025)

Prestige PEO Holdings, LLC of Melville, NY, acquired Concurrent HRO, LLC of Broomfield, CO, strengthening its human resources outsourcing capabilities and expanding its geographic footprint into the Colorado market.

55. 3D at Depth, Inc. (3/13/2025)

Kraken Robotics Inc. acquired 3D at Depth, Inc. of Longmont, CO for $17M, strengthening its underwater imaging and mapping capabilities for marine robotics applications.

56. Indexed I/O, CORP (3/18/2025)

Innovative Driven of Arlington, VA, acquired Indexed I/O, CORP of Denver, CO, strengthening its data management and analytics capabilities.

57. Preferred Security Life Insurance Company (3/19/2025)

Sierra Financial Holdings, LLC of Houston, TX, acquired Preferred Security Life Insurance Company of Colorado Springs, CO, expanding its insurance portfolio and strengthening its presence in the life insurance market.

58. RSDL.io, Inc. (3/19/2025)

Alternative Distribution Alliance of New York, NY, acquired RSDL.io, Inc. of Littleton, CO, strengthening its digital music distribution capabilities and technology infrastructure.

59. 1 Branch (3/20/2025)

The Colorado Bank and Trust Company of La Junta of La Junta, CO, acquired 1 Branch, reinforcing its local market presence and customer service capabilities.

60. Stratum Consulting Partners, Inc. (3/20/2025)

Total Resource Management, Inc. of Alexandria, VA, acquired Stratum Consulting Partners, Inc. of Broomfield, CO, strengthening its professional services capabilities and expanding its geographic presence into the Colorado market.

61. Codence, Inc. (3/24/2025)

Fullcity LLC of Alpharetta, GA, acquired Codence, Inc. of Boulder, CO, strengthening its software development capabilities and expanding its technology services portfolio.

62. Reliable Roll-Off Waste Systems, Inc (3/24/2025)

Fuzion Field Services acquired Reliable Roll-Off Waste Systems, Inc of Denver, CO, expanding its waste management capabilities in the Colorado market.

63. Tortuga Agricultural Technologies, Inc. (3/24/2025)

Oishii Farm Corporation of Jersey City, NJ, acquired Tortuga Agricultural Technologies, Inc. of Denver, CO, advancing its precision agriculture capabilities and automated farming technology platform.

64. Crystal Packaging, Inc. (3/25/2025)

D-A Lubricant Company, Inc. of Lebanon, IN, acquired Crystal Packaging, Inc. of Henderson, CO, expanding into packaging solutions to complement its lubricant manufacturing operations.

65. Jaq n Jil, Inc. (3/25/2025)

FlyRank Inc. of Chicago, IL, acquired Jaq n Jil, Inc. of Fort Collins, CO, strengthening its market presence in the Colorado region.

66. Rotera LLC (3/25/2025)

VisiQuate, Inc. of Santa Rosa, CA, acquired Rotera LLC of Denver, CO, strengthening its technology capabilities and expanding its presence in the Colorado market.

67. Reliance Industries, L.L.C. (3/26/2025)

SureWerx Inc. acquired Reliance Industries, L.L.C. of Arvada, CO, strengthening its industrial safety and personal protective equipment capabilities in the Colorado market.

68. Hotel Boulderado (3/28/2025)

Adventurous Journeys Capital Partners, LP of Chicago, IL, acquired Hotel Boulderado of Boulder, CO, expanding its hospitality portfolio with a historic boutique property in Colorado's premier outdoor recreation market.

69. Arapahoe Ford, Inc/Burt Lincoln Mercury Inc (3/31/2025)

AutoNation, Inc. of Fort Lauderdale, FL, acquired Arapahoe Ford, Inc/Burt Lincoln Mercury Inc, strengthening its multi-brand dealership portfolio and Ford-Lincoln market presence.

70. Flatiron Steel, Inc. (3/31/2025)

Gibraltar Industries, Inc. of Buffalo, NY, acquired Flatiron Steel, Inc. of Greeley, CO, strengthening its steel fabrication capabilities and expanding its presence in the Colorado construction market.

71. Certain Insurance Assets (4/1/2025)

BroadStreet Partners, Inc. of Columbus, OH, acquired Certain Insurance Assets, strengthening its insurance portfolio and expanding its presence in the insurance services sector.

72. cQuant.IO, Inc. (4/1/2025)

ZEMA Global Data Corporation acquired cQuant.IO, Inc. of Louisville, CO, strengthening its quantitative analytics and data processing capabilities in the financial technology sector.

73. Great Divide Brewing Company (4/1/2025)

Wilding Brands LLC of Lafayette, CO, acquired Great Divide Brewing Company of Denver, CO, consolidating its position in the Colorado craft beer market with an established Denver-based brewery.

74. DaLand Solutions LLC (4/2/2025)

Undisclosed Buyer acquired DaLand Solutions LLC of Glastonbury, CO, strengthening its position in the regional business solutions and consulting services market.

75. Dry Dock Enterprises, Inc. (4/2/2025)

Indian Peaks Brewing Co of Longmont, CO, acquired Dry Dock Enterprises, Inc. of Aurora, CO, consolidating its presence in Colorado's craft beer market.

76. FPS Services, LLC (4/2/2025)

Congruent Solutions, Inc. of Cupertino, CA, acquired FPS Services, LLC of Centennial, CO, strengthening its technology consulting capabilities and expanding its geographic footprint into the Colorado market.

77. IncQuery.io, Inc. (4/2/2025)

PTC Inc. of Boston, MA, acquired IncQuery.io, Inc. of Denver, CO, strengthening its digital transformation capabilities and expanding its software development toolchain offerings.

78. RRTC of Colorado, Inc. (4/4/2025)

Gravity Rail LLC of Huffman, TX, acquired RRTC of Colorado, Inc. of Arvada, CO, consolidating its railroad transportation and logistics capabilities across key regional markets.

79. Mind Springs Health, Inc. (4/7/2025)

Health Solutions of Pueblo, CO, acquired Mind Springs Health, Inc. of Grand Junction, CO, strengthening its behavioral health services network across Colorado's Western Slope region.

80. TEP Rocky Mountain LLC (4/7/2025)

Flywheel Energy Management, Llc of Oklahoma City, OK, acquired TEP Rocky Mountain LLC of Wilmington, CO, strengthening its energy management capabilities in the Rocky Mountain region.

81. Aqua Engineering Inc (4/8/2025)

Verdantas LLC of Tampa, FL, acquired Aqua Engineering Inc of Fort Collins, CO, strengthening its water infrastructure and environmental engineering capabilities in the Colorado market.

82. DGEB Management, LLC (4/8/2025)

CoreSite Realty Corporation of Denver, CO, acquired DGEB Management, LLC of Denver, CO, consolidating its data center management capabilities within its home market.

83. Uranium Ore from Sunday Mine (4/8/2025)

Energy Fuels Inc. of Lakewood, CO, acquired Uranium Ore from Sunday Mine, strengthening its uranium resource base and production capabilities in the domestic nuclear fuel supply chain.

84. Clear Screening Technologies, LLC (4/11/2025)

HireRight, LLC of Nashville, TN, acquired Clear Screening Technologies, LLC of Greenwood Village, CO, reinforcing its background screening capabilities and expanding its technology platform for employment verification services.

85. Kitcaster LLC (4/14/2025)

Moburst US, Inc. of New York, NY, acquired Kitcaster LLC of Denver, CO, reinforcing its digital marketing capabilities and client service offerings in the competitive mobile app growth sector.

86. Wishlist Rewards LLC (4/14/2025)

ThrivePass, Inc. of Denver, CO, acquired Wishlist Rewards LLC of Denver, CO, strengthening its employee benefits and rewards platform capabilities.

87. Cadgen Software LLC (4/16/2025)

Inspect Point LLC of Troy, NY, acquired Cadgen Software LLC of Highlands Ranch, CO, strengthening its software development capabilities and technical expertise portfolio.

88. Datava, Inc. (4/16/2025)

Cash Flow Management, LLC of Gilbert, AZ, acquired Datava, Inc. of Wheat Ridge, CO, strengthening its data analytics and financial technology capabilities.

89. Field Services Unlimited LLC (4/17/2025)

MasonMade Ventures of New York, NY, acquired Field Services Unlimited LLC of Denver, CO, strengthening its portfolio of field operations and maintenance service capabilities.

90. Giving Place, Inc. (4/21/2025)

Foundation Source Philanthropic Services Inc. of Fairfield, CT, acquired Giving Place, Inc. of Boulder, CO, strengthening its comprehensive philanthropic advisory platform and donor engagement capabilities.

91. Joy Lab Consulting, LLC (4/22/2025)

Investor Group acquired Joy Lab Consulting, LLC of Arvada, CO, strengthening its professional services capabilities in the Colorado market.

92. Blue Ring Stencils LLC (4/23/2025)

StenTech, Inc. acquired Blue Ring Stencils LLC of Windsor, CO, expanding its specialty marking and template manufacturing capabilities.

93. Ent Credit Union (4/23/2025)

Wings Credit Union of Apple Valley, MN, acquired Ent Credit Union of Colorado Springs, CO, expanding its geographic footprint into the Colorado market.

94. Atomos Nuclear & Space Corp (4/24/2025)

Katalyst Space Technologies LLC of Prescott Valley, AZ, acquired Atomos Nuclear & Space Corp of Broomfield, CO, advancing its nuclear propulsion capabilities for deep space missions.

95. KSTY-FM (4/25/2025)

Frontier Frequencies, LLC of Pueblo, CO, acquired KSTY-FM for $0M, expanding its radio broadcasting footprint and strengthening its presence in the local market.

96. SDxCentral, LLC (4/28/2025)

InfraXmedia Holdings Ltd. acquired SDxCentral, LLC of Broomfield, CO, strengthening its position in software-defined networking and enterprise technology media coverage.

97. European Colocation Business Of Stack Infrastructure, Inc (4/29/2025)

Apollo Global Management, Inc. of New York, NY, acquired European Colocation Business Of Stack Infrastructure, Inc, expanding its data center infrastructure footprint across European markets.

98. Tech-X Corporation (4/29/2025)

Silvaco Group, Inc. of Santa Clara, CA, acquired Tech-X Corporation of Boulder, CO for $7M, strengthening its technology solutions portfolio and expanding its presence in the Colorado market.

99. DISH Fiber Internet L.L.C (4/30/2025)

Mereo 89, LLC of Phoenix, AZ, acquired DISH Fiber Internet L.L.C of Englewood, CO, expanding its telecommunications infrastructure and high-speed internet service capabilities.

100. Erica Kuhl Consulting, LLC (4/30/2025)

Gainsight, Inc. of San Francisco, CA, acquired Erica Kuhl Consulting, LLC of Boulder, CO, strengthening its customer success advisory capabilities and expanding specialized consulting expertise.

101. BuilderFax Inc. (5/1/2025)

LumberFi Inc. of Palo Alto, CA, acquired BuilderFax Inc. of Westcliffe, CO, strengthening its construction technology platform with enhanced communication and documentation capabilities for the building industry.

102. Frndly TV, Inc. (5/1/2025)

Roku, Inc. of San Jose, CA, acquired Frndly TV, Inc. of Denver, CO for $185M, strengthening its streaming platform with family-friendly live TV content and expanding its audience reach in the cord-cutting market.

103. Corvus Publishing Group, LLC (5/5/2025)

The Globe Pequot Publishing Group, Inc. of Lanham, MD, acquired Corvus Publishing Group, LLC of Denver, CO, consolidating its position in the regional publishing market while adding specialized content capabilities.

104. Elevation Reps Of The Rockies, Inc. (5/6/2025)

The Hansen Group of Duluth, GA, acquired Elevation Reps Of The Rockies, Inc. of Denver, CO, strengthening its manufacturer representation capabilities in the Rocky Mountain region.

105. Epic River Healthcare, Inc. (5/6/2025)

Cash Flow Management, LLC of Gilbert, AZ, acquired Epic River Healthcare, Inc. of Fort Collins, CO, expanding its healthcare revenue cycle management capabilities in the Colorado market.

106. Gutterwise Marketing LLC (5/6/2025)

Mr. Pipeline Ventures Inc. of Boynton Beach, FL, acquired Gutterwise Marketing LLC of Boulder, CO, expanding its marketing capabilities in the home improvement and gutter services sector.

107. Integrity Healthcare Locums, LLC (5/6/2025)

All Star Recruiting Locums, LLC of Deerfield Beach, FL, acquired Integrity Healthcare Locums, LLC of Englewood, CO, consolidating its position in the healthcare staffing market and strengthening its locum tenens placement capabilities nationwide.

108. Rocky Mountain Cutting Tools, LLC (5/6/2025)

Stellar Industrial Supply, Inc. of Tacoma, WA, acquired Rocky Mountain Cutting Tools, LLC of Frederick, CO, expanding its industrial tooling capabilities and geographic presence in the Rocky Mountain region.

109. TRACOM Group (5/7/2025)

Educate 360, LLC of Boston, MA, acquired TRACOM Group of Centennial, CO, strengthening its behavioral assessment and workplace training capabilities.

110. Lewis Wealth Management, LLC (5/8/2025)

Mercer Global Advisors Inc. of Denver, CO, acquired Lewis Wealth Management, LLC of Greenwood Village, CO, strengthening its presence in the Colorado wealth management market.

111. Old Elk Distilleries, LLC (5/13/2025)

Middle West Spirits, LLC of Columbus, OH, acquired Old Elk Distilleries, LLC of Fort Collins, CO, strengthening its premium whiskey portfolio and expanding its craft distilling footprint across the Midwest and Mountain West regions.

112. Precision Flexo & Gravure LLC (5/13/2025)

Provident, LLC of Appleton, WI, acquired Precision Flexo & Gravure LLC of Englewood, CO, expanding its specialized printing and packaging capabilities in the flexible packaging market.

113. Outlook Table Mesa (5/14/2025)

FJ Management Inc. of Salt Lake City, UT, acquired Outlook Table Mesa of Wheat Ridge, CO for $97M, strengthening its Colorado market presence and expanding its regional property management portfolio.

114. Moving Mountains, Inc. (5/15/2025)

StayTerra of New York, NY, acquired Moving Mountains, Inc. of Steamboat Springs, CO, strengthening its presence in Colorado's mountain resort hospitality market.

115. United Energy Partners (5/15/2025)

One X A Completions Partner of The Woodlands, TX, acquired United Energy Partners of Greeley, CO, consolidating its presence in the Colorado oil and gas completion services market.

116. Pairin, Inc. (5/20/2025)

DigiCap LLC acquired Pairin, Inc. of Denver, CO, strengthening its workforce analytics and career readiness assessment capabilities.

117. Tierra Group International Ltd. (5/21/2025)

BBA Consulting Group Inc. acquired Tierra Group International Ltd. of Lakewood, CO, expanding its consulting capabilities and geographic reach into the Colorado market.

118. MC Brands LLC (5/22/2025)

Agrify Corporation of Troy, MI, acquired MC Brands LLC of Denver, CO for $5M, strengthening its cannabis cultivation technology portfolio with additional brand assets and market presence.

119. Habitat Management, Inc. (5/27/2025)

Aventia of Lakewood, CO, acquired Habitat Management, Inc. of Englewood, CO, expanding its environmental consulting and natural resource management capabilities.

120. Offbeat Ventures, LLC (5/27/2025)

VNYL, Inc. of Saint Louis, MO, acquired Offbeat Ventures, LLC of Denver, CO, strengthening its portfolio of alternative investment and venture capital opportunities.

121. Red Canary, Inc. (5/27/2025)

Zscaler, Inc. of San Jose, CA, acquired Red Canary, Inc. of Denver, CO for $675M, strengthening its cloud security platform with advanced managed detection and response capabilities.

122. Integrated Health Center of the Rockies LLC (5/28/2025)

Forum Health, LLC of Flint, MI, acquired Integrated Health Center of the Rockies LLC of Denver, CO, expanding its functional medicine network into the Colorado market.

123. Quantive USA, Inc. (5/28/2025)

WorkBoard Inc. of Redwood City, CA, acquired Quantive USA, Inc. of Denver, CO, strengthening its enterprise goal management and OKR platform capabilities.

124. Pocket Change Partners LLC (5/29/2025)

The Shipyard, LLC of Columbus, OH, acquired Pocket Change Partners LLC of Englewood, CO, strengthening its investment capabilities and financial services portfolio.

125. Smart Box Technology, LLC (5/30/2025)

Kore.co LLC of Frisco, TX, acquired Smart Box Technology, LLC of Denver, CO, strengthening its technology solutions portfolio with advanced smart storage and logistics capabilities.

126. Rowdy Mermaid Kombucha LLC (6/3/2025)

Investor Group acquired Rowdy Mermaid Kombucha LLC of Boulder, CO, positioning itself in the premium functional beverage market with kombucha and wellness-focused products.

127. Sitio Royalties Corp. (6/3/2025)

Viper Energy, Inc. of Midland, TX, acquired Sitio Royalties Corp. of Denver, CO for $3,811M, consolidating mineral rights and royalty interests across key U.S. shale basins.

128. Baccary Brewing Co. LLC (6/5/2025)

Wilding Brands LLC of Lafayette, CO, acquired Baccary Brewing Co. LLC of Denver, CO, strengthening its craft beverage portfolio and expanding its presence in the Colorado brewing market.

129. Extreme Fp Holdings Inc. (6/5/2025)

Pye-Barker Fire & Safety, LLC of Alpharetta, GA, acquired Extreme Fp Holdings Inc. of Parker, CO, strengthening its fire protection and safety services footprint in the Colorado market.

130. Solar Vision Inc. (6/5/2025)

American Window Film, Inc. of Laguna Hills, CA, acquired Solar Vision Inc. of Commerce City, CO, expanding its window film and solar protection services into the Colorado market.

131. Fentress Architects, Ltd. (6/6/2025)

Populous, Inc. of Kansas City, MO, acquired Fentress Architects, Ltd. of Denver, CO, strengthening its architectural design capabilities and expanding its presence in the mountain region market.

132. Ska Brewing Co. (6/7/2025)

Private Investor acquired Ska Brewing Co. of Durango, CO, positioning for growth in the craft beer market through the brewery's established regional presence and loyal customer base.

133. Wambolt & Associates, LLC (6/10/2025)

CWM, LLC of Omaha, NE, acquired Wambolt & Associates, LLC of Littleton, CO, strengthening its professional services capabilities in the Colorado market.

134. Revesco Properties (6/11/2025)

Kroenke Sports & Entertainment, LLC of Denver, CO, acquired Revesco Properties of Denver, CO, consolidating its real estate holdings and strengthening its local property development capabilities.

135. Tina Kiel Insurance Agency, Inc. (6/12/2025)

Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Tina Kiel Insurance Agency, Inc. of Golden, CO, strengthening its presence in the Colorado insurance market.

136. N3bula Systems LLC (6/17/2025)

Raft LLC of McLean, VA, acquired N3bula Systems LLC of Colorado Springs, CO, strengthening its defense technology capabilities and cloud infrastructure solutions for government clients.

137. Guildner Pipeline Maintenance, Inc. (6/19/2025)

Azuria Water Solutions, Inc. of Saint Louis, MO, acquired Guildner Pipeline Maintenance, Inc. of Commerce City, CO, strengthening its water infrastructure maintenance capabilities and expanding its geographic footprint into the Colorado market.

138. Tanco Engineering, Inc. (6/20/2025)

LT Corporation, Inc. of Cleveland, MS, acquired Tanco Engineering, Inc. of Loveland, CO, bolstering its engineering capabilities and expanding its geographic footprint into the Colorado market.

139. Dpg Solutions LLC (6/27/2025)

Evergreen Services Group LLC of San Francisco, CA, acquired Dpg Solutions LLC of Parker, CO, strengthening its technology solutions capabilities and expanding its presence in the Colorado market.

140. Total Site Services, Inc (6/30/2025)

CCI Systems Inc. of Iron Mountain, MI, acquired Total Site Services, Inc of Johnstown, CO, strengthening its comprehensive site development and infrastructure services capabilities.

141. Undisclosed Insurance Agency (7/1/2025)

World Insurance Associates, LLC of Iselin, NJ, acquired an undisclosed insurance agency, consolidating its market presence and broadening its client service capabilities.

142. 2 Branches (7/2/2025)

The Colorado Bank and Trust Company of La Junta of La Junta, CO, acquired 2 Branches, strengthening its regional banking presence and customer deposit base.

143. Chacon Insurance Service Inc. (7/3/2025)

Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Chacon Insurance Service Inc. of Trinidad, CO, strengthening its presence in Colorado's insurance market.

144. Orderly Health, Inc. (7/8/2025)

First Choice Health Network, Inc. of Seattle, WA, acquired Orderly Health, Inc. of Denver, CO, strengthening its healthcare technology capabilities and expanding its provider network solutions.

145. T4S Partners, Inc. (7/8/2025)

Kanchi Technologies 2i LLC of Irvine, CA, acquired T4S Partners, Inc. of Greenwood Village, CO, strengthening its technology consulting and professional services capabilities.

146. Tangicloud Technologies, Inc. (7/8/2025)

Univerus Software Inc. acquired Tangicloud Technologies, Inc. of Littleton, CO, strengthening its cloud-based software solutions and expanding its presence in the Colorado technology market.

147. Aveo Capital Partners, LLC (7/9/2025)

Carson Group Holdings, LLC of Omaha, NE, acquired Aveo Capital Partners, LLC of Englewood, CO, strengthening its wealth management platform and expanding its advisor network in the Colorado market.

148. PorchLight Real Estate Group, LLC (7/9/2025)

Compass, Inc. of New York, NY, acquired PorchLight Real Estate Group, LLC of Broomfield, CO, strengthening its residential brokerage footprint in the Colorado market.

149. Weifield Group Contracting, Inc. (7/9/2025)

Loenbro, LLC of Westminster, CO, acquired Weifield Group Contracting, Inc. of Centennial, CO, strengthening its electrical and specialty contracting capabilities in the Colorado market.

150. Point Designs LLC (7/11/2025)

Hanger, Inc. of Austin, TX, acquired Point Designs LLC of Broomfield, CO, strengthening its prosthetic and orthotic design capabilities through advanced custom fabrication technology.

151. Hawkins Precision, LLC (7/16/2025)

2360216 Ontario Inc. acquired Hawkins Precision, LLC of Colorado Springs, CO, strengthening its precision manufacturing capabilities in the Rocky Mountain region.

152. Redeam, Inc. (7/17/2025)

Travel Curious Ltd acquired Redeam, Inc. of Boulder, CO, strengthening its customer loyalty and rewards platform capabilities in the travel sector.

153. Emergy Inc. (7/22/2025)

Private Investor acquired Emergy Inc. of Boulder, CO for $4M, strengthening its portfolio in the emerging energy technology sector.

154. Galvanize Law Group, Llc (7/22/2025)

Fennemore Craig Dowling Aaron of Phoenix, AZ, acquired Galvanize Law Group, Llc of Denver, CO, strengthening its Colorado market presence and expanding its regional legal services platform.

155. B & M Roofing of Colorado, Inc. (7/28/2025)

Roofed Right America LLC of Milwaukee, WI, acquired B & M Roofing of Colorado, Inc. of Frederick, CO, expanding its residential and commercial roofing operations into the Colorado market.

156. Consilience Analytics US LLC (7/29/2025)

DroneBase, Inc. of Los Angeles, CA, acquired Consilience Analytics US LLC of Greenwood Village, CO, strengthening its data analytics capabilities for drone-powered commercial intelligence services.

157. Scholars, Inc. (7/29/2025)

10KC Technology Inc acquired Scholars, Inc. of Denver, CO, strengthening its educational technology capabilities and expanding its presence in the academic services market.

158. Allen Service (7/30/2025)

Now Heating And Air, LLC of Commerce City, CO, acquired Allen Service of Fort Collins, CO, strengthening its HVAC service footprint across Colorado's Front Range market.

159. Skyline Sky-Lites, Llc (7/31/2025)

Burton Hill Capital of Fort Worth, TX, acquired Skyline Sky-Lites, Llc of Colorado Springs, CO, strengthening its position in the specialty lighting and skylight solutions market.

160. Trans Aero, Limited (7/31/2025)

Fundamental Advisors, LP of New York, NY, acquired Trans Aero, Limited of Loveland, CO, strengthening its aviation and aerospace services portfolio.

161. Unified Global Corp. (8/1/2025)

Jiangsu Easy Parking Intelligent Technology Co., LTD acquired Unified Global Corp. of Denver, CO, positioning the company to advance its smart parking solutions in the North American market.

162. Auddia Inc. (8/5/2025)

Thramann Holdings, LLC of Niwot, CO, acquired Auddia Inc. of Boulder, CO, advancing its position in the audio technology and digital media sector.

163. AgileATS System (8/6/2025)

DHI Group, Inc. of Centennial, CO, acquired AgileATS System for $2M, strengthening its talent acquisition technology platform with advanced applicant tracking capabilities.

164. Complete Solution Robotics LLC (8/7/2025)

RMH Systems, Inc. of Waukee, IA, acquired Complete Solution Robotics LLC of Loveland, CO, strengthening its automation and robotics capabilities in the industrial solutions market.

165. Freebird Stores, Inc. (8/7/2025)

Private Investor acquired Freebird Stores, Inc. of Denver, CO for $1M, positioning for growth in the Colorado retail market.

166. Hoot Wealth LLC (8/8/2025)

Maridea Global Capital Management LLC of Brooklyn, NY, acquired Hoot Wealth LLC of Denver, CO, expanding its wealth management capabilities and geographic presence in the Mountain West region.

167. Engineering Analytics, Inc. (8/13/2025)

Mackay SPOSITO, LLC of Vancouver, WA, acquired Engineering Analytics, Inc. of Fort Collins, CO, strengthening its data analytics and computational engineering capabilities across the Pacific Northwest and Mountain West regions.

168. Go Fast Sports & Beverage Company LLC (8/13/2025)

Golden Triangle Ventures, Inc. of Las Vegas, NV, acquired Go Fast Sports & Beverage Company LLC of Denver, CO, expanding its portfolio into the high-energy sports drink and beverage market.

169. Peak BLM Lease, LLC (8/13/2025)

Epsilon Energy USA, Inc. of Houston, TX, acquired Peak BLM Lease, LLC of Durango, CO for $17M, consolidating its federal mineral rights portfolio in the Rocky Mountain region.

170. Peak Exploration & Production, LLC (8/13/2025)

Epsilon Energy USA, Inc. of Houston, TX, acquired Peak Exploration & Production, LLC of Durango, CO, strengthening its upstream oil and gas operations in the Rocky Mountain region.

171. Tusco, Inc. (8/13/2025)

Perimeter Solutions Group, LLC of Tampa, FL, acquired Tusco, Inc. of Cottondale, CO, strengthening its industrial solutions capabilities in the Colorado market.

172. Changing of the Aspens LLC (8/14/2025)

Power Technology Group LLC of Broomfield, CO, acquired Changing of the Aspens LLC of Denver, CO for $200M, consolidating its regional market presence and strengthening its technology infrastructure capabilities across Colorado.

173. Nuage Experts LLC (8/14/2025)

Nuvem Inc. acquired Nuage Experts LLC of Boulder, CO, strengthening its cloud consulting capabilities and technical expertise in the Colorado market.

174. Sierra Detention Systems, Inc. (8/17/2025)

APIC Solutions Inc. of Albuquerque, NM, acquired Sierra Detention Systems, Inc. of Brighton, CO, strengthening its correctional facility technology and security systems capabilities.

175. Monticello Associates, Inc. (8/18/2025)

Cresset Asset Management, LLC of Chicago, IL, acquired Monticello Associates, Inc. of Denver, CO, strengthening its wealth management capabilities and expanding its presence in the Mountain West region.

176. Polygon Network (8/18/2025)

Valsoft Corporation Inc. acquired Polygon Network of Dillon, CO, strengthening its portfolio of vertical market software solutions in the network infrastructure sector.

177. Exulans Enterprises, LLC (8/26/2025)

Power Technology Group LLC of Broomfield, CO, acquired Exulans Enterprises, LLC of Hudson, CO, strengthening its regional technology capabilities and expanding its Colorado market presence.

178. Certain insurance assets (9/1/2025)

BroadStreet Partners Group, LLC of Columbus, OH, acquired certain insurance assets, strengthening its position in the insurance sector through selective asset acquisition.

179. Certain Insurance Assets (9/1/2025)

BroadStreet Partners Group, LLC of Columbus, OH, acquired Certain Insurance Assets, consolidating its position in the insurance sector through targeted portfolio expansion.

180. Integrity Specialists, LLC (9/2/2025)

SI Solutions, LLC of Huntersville, NC, acquired Integrity Specialists, LLC of Annandale, CO, strengthening its specialized consulting and compliance services capabilities.

181. Colorado Home Realty, LLC (9/4/2025)

Compass, Inc. of New York, NY, acquired Colorado Home Realty, LLC of Littleton, CO, strengthening its residential brokerage presence in the Denver metropolitan market.

182. AWS-3 uplink, AWS-4 And H-Block Spectrum Licenses (9/8/2025)

Space Exploration Technologies Corp. of Hawthorne, CA, acquired AWS-3 uplink, AWS-4 And H-Block Spectrum Licenses for $19,617M, positioning the company to advance its satellite internet and direct-to-cellular communication capabilities.

183. FirstBank Holding Company (9/8/2025)

The PNC Financial Services Group, Inc. of Pittsburgh, PA, acquired FirstBank Holding Company of Lakewood, CO for $4,079M, strengthening its western market presence and Colorado banking footprint.

184. Meritech Systems LLC (9/8/2025)

CFS Technologies LLC of North Little Rock, AR, acquired Meritech Systems LLC of Golden, CO, strengthening its technology solutions capabilities and expanding its geographic footprint into the Colorado market.

185. MCN Solutions (9/16/2025)

Ntracts, Inc. of Chattanooga, TN, acquired MCN Solutions of Denver, CO, strengthening its contract management technology platform and expanding its customer base in the Mountain West region.

186. Meteorite PR, LLC (9/16/2025)

Obviouslee Marketing, LLC of Charleston, SC, acquired Meteorite PR, LLC of Boulder, CO, strengthening its integrated marketing capabilities with specialized public relations expertise.

187. Razr Logistics, LLC (9/16/2025)

Best Warehousing & Transportation, LLC of Smyrna, GA, acquired Razr Logistics, LLC of Centennial, CO, consolidating its third-party logistics capabilities and expanding its geographic footprint into the Colorado market.

188. ValiMail Inc. (9/16/2025)

DigiCert, Inc. of Lehi, UT, acquired ValiMail Inc. of Boulder, CO, strengthening its email security and authentication capabilities in the digital trust market.

189. J. K. Concepts, Inc. (9/17/2025)

JEB Capital Partners, LLC acquired J. K. Concepts, Inc. of Denver, CO, strengthening its portfolio with specialized consulting and business development capabilities in the Rocky Mountain region.

190. Skull Creek Project (9/22/2025)

Homeland Uranium Corp. acquired Skull Creek Project for $2M, expanding its uranium exploration and development portfolio in the growing nuclear energy sector.

191. Diversified Asset Management, Inc. (10/1/2025)

Mission Wealth Management, LP of Santa Barbara, CA, acquired Diversified Asset Management, Inc. of Boulder, CO, strengthening its wealth management capabilities and expanding its geographic presence in the Colorado market.

192. Mountain High Appliance, Inc. (10/1/2025)

North Atlantic Corp. of Somerset, MA, acquired Mountain High Appliance, Inc. of Louisville, CO, strengthening its appliance retail footprint in the Colorado market.

193. Muse Semiconductor Llc (10/1/2025)

GS Microelectronics, U.S. Inc. of San Jose, CA, acquired Muse Semiconductor Llc of Aurora, CO, strengthening its semiconductor design capabilities and expanding its presence in the Colorado technology market.

194. Rachio, Inc. (10/1/2025)

Rain Bird Corporation of Azusa, CA, acquired Rachio, Inc. of Denver, CO, strengthening its smart irrigation technology capabilities and expanding its connected home watering solutions portfolio.

195. Process Innovations, Inc. (10/2/2025)

InflexionPoint, LLC of Neptune, NJ, acquired Process Innovations, Inc. of Lakewood, CO, strengthening its operational efficiency and process optimization capabilities.

196. Mountain River Credit Union (10/6/2025)

Power Credit Union of Pueblo, CO, acquired Mountain River Credit Union of Salida, CO, strengthening its presence in Colorado's south-central region and expanding member services across the Arkansas River Valley.

197. Unpatented Mineral Lode Claims (10/6/2025)

Western Uranium & Vanadium Corp. acquired Unpatented Mineral Lode Claims for $0M, expanding its mineral resource portfolio and strengthening its position in critical materials exploration.

198. Northbound Consulting, LLC (10/7/2025)

Kicksaw, LLC of Bend, OR, acquired Northbound Consulting, LLC of Denver, CO, strengthening its consulting capabilities and expanding its geographic footprint into the Colorado market.

199. Venture Gold, Inc. (10/10/2025)

Bocana Resources Corp. acquired Venture Gold, Inc. of Idaho Springs, CO for $20M, strengthening its precious metals portfolio and expanding operations in Colorado's historic mining region.

200. Haxtun Community Federal Credit Union (10/14/2025)

Sterling Federal Credit Union of Sterling, CO, acquired Haxtun Community Federal Credit Union of Haxtun, CO, consolidating community banking services across northeastern Colorado's rural markets.

201. Whipplewood CPAs PC (10/15/2025)

Money Forward Partners acquired Whipplewood CPAs PC of Littleton, CO, strengthening its accounting and financial services capabilities in the Colorado market.

202. Start Real Estate, LLC (10/16/2025)

Fathom Holdings Inc. of Cary, NC, acquired Start Real Estate, LLC of Centennial, CO, expanding its real estate brokerage footprint into the Denver metropolitan market.

203. Community Choice Credit Union (10/17/2025)

Climb Credit Union of Arvada, CO, acquired Community Choice Credit Union of Commerce City, CO, consolidating its market presence in the Denver metropolitan area.

204. Ark Valley Bankshares, Inc. (10/20/2025)

Pueblo Bancorporation of Pueblo, CO, acquired Ark Valley Bankshares, Inc. of La Junta, CO, consolidating its presence in southeastern Colorado's agricultural banking market.

205. Genesee Candy Land (10/20/2025)

NxGen Brands Inc. of Davie, FL, acquired Genesee Candy Land of Golden, CO, strengthening its confectionery portfolio and expanding its presence in the specialty candy market.

206. Coaching Systems LLC (10/21/2025)

American Safety Institute, Inc. of Tallahassee, FL, acquired Coaching Systems LLC of Parker, CO, strengthening its training and development capabilities in the safety education sector.

207. Rhythmos, Inc. (10/21/2025)

Chaddenwych Services Limited acquired Rhythmos, Inc. of Boulder, CO, strengthening its capabilities in rhythm-based technology and entertainment solutions.

208. Field Squared Inc. (10/23/2025)

Automation Exchange Inc. of Charlotte, NC, acquired Field Squared Inc. of Castle Rock, CO, strengthening its field service automation capabilities and expanding its presence in the Colorado market.

209. ExoTerra Resource, LLC (10/27/2025)

Voyager Technologies, Inc. of Denver, CO, acquired ExoTerra Resource, LLC of Littleton, CO, strengthening its resource extraction and exploration capabilities within the Colorado market.

210. Justin's, LLC (10/28/2025)

Forward Consumer Partners, LLC of Greenwich, CT, acquired Justin's, LLC of Boulder, CO, expanding its portfolio of premium natural food brands in the growing specialty nut butter market.

211. Mortgage Cadence, LLC (10/28/2025)

PartnerOne of Riverside, CA, acquired Mortgage Cadence, LLC of Denver, CO, strengthening its mortgage technology and origination capabilities.

212. CSG Systems International, Inc. (10/29/2025)

NEC Corporation acquired CSG Systems International, Inc. of Englewood, CO for $2,783M, strengthening its telecommunications software and digital customer engagement capabilities.

213. Bright Angel Project (10/30/2025)

Solitario Resources Corp. of Wheat Ridge, CO, acquired Bright Angel Project, expanding its mineral exploration and development portfolio.

214. Infinitus Pay Inc. (10/30/2025)

AppTech Payments Corp. of Carlsbad, CA, acquired Infinitus Pay Inc. of Greenwood Village, CO for $4M, strengthening its fintech capabilities and payment processing infrastructure.

215. Solera National Bancorp, Inc. (10/30/2025)

Undisclosed buyer acquired Solera National Bancorp, Inc. of Lakewood, CO for $70M, consolidating its presence in the Colorado banking market.

216. Dream Lumber Inc. (10/31/2025)

SRS Distribution Inc. of McKinney, TX, acquired Dream Lumber Inc. of Aurora, CO, strengthening its building materials distribution footprint in the Colorado market.

217. Certain Insurance Assets (11/1/2025)

BroadStreet Partners Group, LLC of Columbus, OH, acquired Certain Insurance Assets, strengthening its insurance services portfolio and expanding its risk management capabilities.

218. FluentStream Technologies, LLC (11/2/2025)

Ooma, Inc. of Sunnyvale, CA, acquired FluentStream Technologies, LLC of Denver, CO for $45M, strengthening its cloud communications platform and expanding its unified communications capabilities for business customers.

219. Civitas Resources, Inc. (11/3/2025)

SM Energy Company of Denver, CO, acquired Civitas Resources, Inc. of Denver, CO for $7,747M, consolidating operations in the Denver-Julesburg Basin to create a dominant unconventional oil and gas producer.

220. L&L Insulation, LLC (11/3/2025)

TopBuild Corp. of Daytona Beach, FL, acquired L&L Insulation, LLC of Fort Collins, CO, strengthening its insulation installation capabilities in the Colorado market.

221. SavedBy LLC (11/3/2025)

Relay Commerce, Inc. of Atlanta, GA, acquired SavedBy LLC of Edgewater, CO, strengthening its e-commerce technology capabilities and customer retention solutions.

222. Western Excelsior Corporation (11/3/2025)

MKB Company, LLC of Belleville, PA, acquired Western Excelsior Corporation of Evansville, CO, strengthening its position in the erosion control and environmental restoration materials market.

223. Joel Rieth Insurance Agency, Inc. (11/4/2025)

Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Joel Rieth Insurance Agency, Inc. of Colorado Springs, CO, strengthening its presence in the Colorado market and adding established client relationships in the region.

224. Surescape Insurance Services, LLC (11/4/2025)

Arthur J. Gallagher & Co. of Rolling Meadows, IL, acquired Surescape Insurance Services, LLC of Littleton, CO, strengthening its insurance brokerage presence in the Colorado market.

225. Technology Navigation Inc. (11/5/2025)

Bluewave Technology Group, LLC of San Clemente, CA, acquired Technology Navigation Inc. of Lone Tree, CO, strengthening its technology consulting and navigation solutions capabilities.

226. Baytex Energy USA, Inc. (11/12/2025)

Undisclosed Buyer acquired Baytex Energy USA, Inc. of Houston, CO for $2,140M, consolidating oil and gas production assets in key North American basins.

227. Tatvam Analytics Inc. (11/12/2025)

Cinchio Solutions, LLC of Denver, CO, acquired Tatvam Analytics Inc. of Denver, CO, strengthening its data analytics capabilities and expanding its technology service offerings.

228. Leafbuyer Technologies, Inc. (11/13/2025)

RagingBull.com, LLC of Lee, NH, acquired Leafbuyer Technologies, Inc. of Greenwood Village, CO, advancing its digital platform capabilities in the cannabis technology and marketplace sector.

229. Upslope, LLC (11/13/2025)

Wilding Brands LLC of Lafayette, CO, acquired Upslope, LLC of Boulder, CO, strengthening its craft beverage portfolio and expanding its presence in the Colorado brewing market.

230. IWP Wealth Management LLC (11/17/2025)

Matter Family Office of Saint Louis, MO, acquired IWP Wealth Management LLC of Denver, CO, expanding its wealth management capabilities into the Colorado market.

231. Skyloom Global Corp. (11/17/2025)

IonQ, Inc. of College Park, MD, acquired Skyloom Global Corp. of Broomfield, CO, advancing its quantum computing capabilities through enhanced satellite-based quantum communication networks.

232. Injectech LLC (11/18/2025)

Vance Street Management LLC of Los Angeles, CA, acquired Injectech LLC of Fort Collins, CO, strengthening its portfolio in advanced injection molding and manufacturing technologies.

233. Momentum Ventures, LLC (11/18/2025)

CoreTrust Purchasing Group LLC of Nashville, TN, acquired Momentum Ventures, LLC of Denver, CO, strengthening its group purchasing capabilities and expanding its geographic reach into the western markets.

234. Rampart Surveys, LLC (11/18/2025)

ZenaTech, Inc. acquired Rampart Surveys, LLC of Woodland Park, CO, strengthening its geospatial data collection and surveying capabilities.

235. Masalsa Inc. (11/19/2025)

Ad.com Interactive Media, Inc. of Woodland Hills, CA, acquired Masalsa Inc. of Denver, CO, strengthening its digital advertising capabilities and expanding its interactive media platform offerings.

236. Eos Energetics, Inc. (11/20/2025)

Voyager Technologies, Inc. of Denver, CO, acquired Eos Energetics, Inc. of Penrose, CO, strengthening its position in the energy technology sector.

237. TalkBox, LLC (11/20/2025)

Mamava, Inc. of Burlington, VT, acquired TalkBox, LLC of Niwot, CO, advancing its workplace wellness technology platform with enhanced communication capabilities.

238. RockSol Consulting Group, Inc. (11/24/2025)

Egis SA acquired RockSol Consulting Group, Inc. of Thornton, CO, strengthening its geotechnical and environmental consulting capabilities in the Colorado market.

239. Energy Fuels Inc. (11/25/2025)

Undisclosed Buyer acquired Energy Fuels Inc. of Lakewood, CO for $10M, consolidating its position in the uranium and rare earth elements mining sector.

240. In-Situ Inc. (11/25/2025)

Veralto Corporation of Waltham, MA, acquired In-Situ Inc. of Fort Collins, CO for $435M, strengthening its environmental monitoring and water quality measurement capabilities.

241. Creative Natural Products, Inc. (11/26/2025)

Alfred Ritter GmbH & Co. KG acquired Creative Natural Products, Inc. of Boulder, CO, strengthening its position in the natural and specialty food ingredients market.

242. Centennial State Insurance Agency (12/1/2025)

Alkeme Holdings, LLC of New Castle, DE, acquired Centennial State Insurance Agency of Denver, CO, expanding its insurance services footprint into the Colorado market.

243. Fermyon Technologies, Inc. (12/1/2025)

Akamai Technologies, Inc. of Cambridge, MA, acquired Fermyon Technologies, Inc. of Longmont, CO, positioning itself in the emerging WebAssembly and serverless computing market.

244. Trinity Brewing Company (12/1/2025)

Castle Rock Brewery Ltd. acquired Trinity Brewing Company of Colorado Springs, CO, expanding its craft beer portfolio and strengthening its presence in the competitive Colorado market.

245. Aquawolf LLC (12/2/2025)

Qualus, LLC of Lake Mary, FL, acquired Aquawolf LLC of Golden, CO for $26M, expanding its portfolio in the water technology and equipment sector.

246. Innovative Mechanical & Design, LLC (12/2/2025)

Legence Corp. of San Jose, CA, acquired Innovative Mechanical & Design, LLC of Nunn, CO, strengthening its engineering capabilities and expanding its mechanical design services portfolio.

247. FirstSun Capital Bancorp (12/4/2025)

Castle Creek Advisors VIII LLC acquired FirstSun Capital Bancorp of Denver, CO for $40M, consolidating its position in the Colorado banking market.

248. Getro Inc. (12/4/2025)

Findem Inc. of Redwood City, CA, acquired Getro Inc. of Boulder, CO, strengthening its talent intelligence platform with advanced professional networking capabilities.

249. Synaptec Software, Inc. (12/4/2025)

Onit, Inc. of Atlanta, GA, acquired Synaptec Software, Inc. of Denver, CO, strengthening its legal technology platform with enhanced workflow automation capabilities.

250. Foresight Diagnostics, Inc. (12/5/2025)

Natera, Inc. of Austin, TX, acquired Foresight Diagnostics, Inc. of Boulder, CO for $450M, strengthening its liquid biopsy capabilities for cancer detection and monitoring.

251. Limitless AI, Inc. (12/5/2025)

Meta Platforms, Inc. of Menlo Park, CA, acquired Limitless AI, Inc. of Denver, CO, strengthening its artificial intelligence capabilities and advancing its position in the competitive AI assistant market.

252. Loenbro, LLC (12/11/2025)

Kohlberg & Company, L.L.C. of Mount Kisco, NY, acquired Loenbro, LLC of Westminster, CO, strengthening its portfolio of infrastructure services and construction capabilities.

253. Placekey (12/11/2025)

Senzing, Inc. of Las Vegas, NV, acquired Placekey of Denver, CO, strengthening its entity resolution capabilities with advanced location intelligence and address standardization technology.

254. AquaWorks DBO, LLC. (12/15/2025)

Apex Companies, LLC of Rockville, MD, acquired AquaWorks DBO, LLC. of Denver, CO, strengthening its water infrastructure and municipal services capabilities.

255. Inspirato Incorporated (12/17/2025)

Exclusive Investments, LLC of Kaukauna, WI, acquired Inspirato Incorporated of Denver, CO for $224M, consolidating its position in the luxury vacation and hospitality membership market.

256. Refrigerants Inc. (12/17/2025)

Hudson Technologies, Inc. of Woodcliff Lake, NJ, acquired Refrigerants Inc. of Denver, CO for $3M, strengthening its refrigerant reclamation and distribution capabilities in the western U.S. market.

257. 5th Gear Automotive, Inc. (12/18/2025)

EAS Tire & Auto, LLC of Littleton, CO, acquired 5th Gear Automotive, Inc. of Broomfield, CO, strengthening its local market presence in the Denver metro automotive service sector.

258. CO2Nexus, Inc. (12/19/2025)

Promus Capital Management LLC of Chicago, IL, acquired CO2Nexus, Inc. of Englewood, CO, strengthening its portfolio of carbon capture and environmental technology solutions.

259. Sample Insurance Group, LLC (12/30/2025)

Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Sample Insurance Group, LLC, strengthening its independent agency platform and broadening its commercial and personal lines distribution capabilities.

M&A Segmentation — Glossary:

  1. M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.

  2. M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.

  3. M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.

  4. M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.

Deal Terms — Glossary:

  1. Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.

  2. Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.

  3. Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.

  4. Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

Copyright ©2026 William & Wall, S&P Global Market Intelligence

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Q4 2025 | Colorado M&A Insights