Q2 2026 | 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.

Colorado — Business Sale Overview

In Q2 2026, Colorado-based target companies recorded 49 M&A transactions in the supplied dataset, representing approximately $4.228 billion in aggregate disclosed value across eight transactions. Strategic acquirers, institutional sponsors, and sponsor-backed platforms participated alongside local financial institutions, with buyers predominantly based outside Colorado and additional participation from international groups. Financial services and insurance consolidation, software and IT services, and aerospace and energy assets were prominent themes. The breadth of activity across operating businesses, minority investments, and real assets points to Colorado’s continuing role as a durable seller and exit market, although the reported count remains subject to the location and classification flags below.

Resources and energy led disclosed value: Uranium Royalty Corp.’s acquisition of a 92% stake in Sweetwater Royalties of Lakewood carried approximately $1.616 billion in the value column, combining the businesses under a new U.S. parent; TransAlta Holdings U.S. agreed to acquire the Mountain Peak Power and Canyon Peak Power facilities near Denver for $998.8 million, adding 318 MW of generation capacity. In aerospace, MDA Space agreed to acquire Blue Canyon Technologies of Lafayette for $620 million in a transaction expected to increase adjusted earnings and EBITDA. Real assets included Global Net Lease’s acquisition of Denver-based Modiv Industrial for approximately $603.711 million, expanding its REIT platform, and the Sixth Street Partners–Riller Capital investor group’s acquisition of the Park Hyatt Beaver Creek Resort and Spa in Beaver Creek for approximately $176.016 million, adding the resort property. In real estate services, The Real Brokerage acquired Denver-based RE/MAX Holdings for approximately $137.322 million as recorded in the value column, combining brokerage and franchise operations. Several of these column values differ from the narratives and require verification before publication.

The quarter reinforced the range of potential transaction pathways for Colorado owners and sponsors, from acquisitions of specialized technology and professional-services businesses to minority partnerships and larger corporate combinations. Smaller transactions with undisclosed consideration broadened activity beyond the marquee deals. For prospective sellers, the dataset suggests that both operating capabilities and regional customer relationships continued to attract buyers; it does not establish valuation multiples or a statewide pricing trend.

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. Petro Data Inc (4/1/2026)
   AIMS, Inc. of Monroe, LA, acquired Petro Data Inc of Falcon, CO.

2. Keg Logistics, LLC (4/7/2026)
   Evaaro Ltd of London, United Kingdom, agreed to acquire Keg Logistics, LLC of Centennial, CO.

3. Low Voltage Installations, Inc. (4/8/2026)
   Westnet, LLC of Huntington Beach, CA, acquired Low Voltage Installations, Inc. of Wheat Ridge, CO.

4. MedicalServiceQuotes.com (4/9/2026)
   Council Capital of Nashville, TN, acquired MedicalServiceQuotes.com of Castle Rock, CO, retaining the founder-led operation in Castle Rock.

5. Colorado Rockies Baseball Club, Ltd (4/10/2026)
   Penner Sports Group, LLC acquired a 40% stake in Colorado Rockies Baseball Club, Ltd of Denver, CO.

6. Pueblo Government Agencies Federal Credit Union (4/13/2026)
   Air Academy Federal Credit Union of Colorado Springs, CO, agreed to acquire Pueblo Government Agencies Federal Credit Union of Pueblo, CO.

7. Sweetwater Royalties LLC (4/16/2026)
   Uranium Royalty Corp. of Lakewood, CO, acquired a 92% stake in Sweetwater Royalties LLC of Lakewood, CO, for approximately $1.616 billion, combining the businesses under a newly formed U.S. parent company.

8. Former MidWestOne And Bank Of Denver Branches Of Nicolet National Bank (4/21/2026)
   Sunwest Bank of Sandy, UT, acquired the former MidWestOne and Bank of Denver branches of Nicolet National Bank in CO.

9. Analytical Instrument Management (4/22/2026)
   Innovative Lab Services LLC of Granville, OH, acquired Analytical Instrument Management of Littleton, CO, expanding its equipment-sales capabilities and laboratory lifecycle offering.

10. Modern Wealth Management Denver (4/22/2026)
    Modern Wealth Management, LLC of Kansas City, MO, acquired Modern Wealth Management Denver (identified as Brown and Company in the deal summary) of Denver, CO, bringing Brown and Company’s eight-person team into Modern Wealth.

11. Spero (4/23/2026)
    West Hill Global, Inc. of Atlanta, GA, acquired Spero of Boulder, CO.

12. RE/MAX Holdings, Inc. (4/27/2026)
    The Real Brokerage Inc. of Miami, FL, acquired RE/MAX Holdings, Inc. of Denver, CO, for approximately $137.322 million, combining brokerage and franchise operations while retaining the RE/MAX and Motto Mortgage brands.

13. Hospice Analytics, Inc. (4/28/2026)
    1520ai, LLC acquired Hospice Analytics, Inc. of Colorado Springs, CO, retaining the Hospice Analytics brand and founder-led operations.

14. Park Hyatt Beaver Creek Resort and Spa (4/30/2026)
    An investor group comprising Sixth Street Partners, LLC and Riller Capital of San Francisco, CA, acquired Park Hyatt Beaver Creek Resort and Spa of Beaver Creek, CO, for approximately $176.016 million.

15. SOBR Safe, Inc. (4/30/2026)
    Clean World Ventures, Inc. of North Kingstown, RI, agreed to acquire SOBR Safe, Inc. of Greenwood Village, CO, in a reverse merger, creating a combined company expected to be approximately 98.3% owned by Clean World Ventures stockholders.

16. Coordinated Financial Services, Inc. (5/1/2026)
    IMA Financial Group, Inc. of Wichita, KS, acquired Coordinated Financial Services, Inc. of Denver, CO.

17. Modiv Industrial, Inc. (5/4/2026)
    Global Net Lease, Inc. of New York, NY, acquired Modiv Industrial, Inc. of Denver, CO, for approximately $603.711 million, expanding its REIT platform through a transaction expected to be immediately accretive to AFFO per share.

18. Drilling Mud Direct Llc (5/6/2026)
    Broadwater Capital Partners, LLC of Fargo, ND, acquired Drilling Mud Direct Llc of Englewood, CO.

19. Ascend, Inc. (5/12/2026)
    Argano LLC of Plano, TX, acquired Ascend, Inc. of Boulder, CO.

20. Good Karma Foods, Inc/No Cow, LLC (5/18/2026)
    Trek One Capital, LLC of Houston, TX, acquired Good Karma Foods, Inc. and No Cow, LLC in CO.

21. Tipping Hat Plumbing Heating And Electric (5/19/2026)
    American Residential Services LLC of Memphis, TN, acquired Tipping Hat Plumbing Heating And Electric of Denver, CO.

22. Battery Energy Storage Project (5/20/2026)
    GridStor, LLC of Portland, OR, acquired a battery energy storage project from Accelergen Energy LLC in CO.

23. mcaConnect, LLC (5/20/2026)
    Grant Thornton Advisors LLC of Chicago, IL, agreed to acquire mcaConnect, LLC of Greenwood Village, CO.

24. First Affirmative Financial Network, LLC (5/21/2026)
    Stake P.B.C. of Brooklyn, NY, acquired First Affirmative Financial Network, LLC of Colorado Springs, CO, combining First Affirmative’s investment infrastructure with YourStake’s technology platform.

25. Landscape Endeavors, Inc. (5/21/2026)
    Elevation Landscape Group of Colorado Springs, CO, acquired an undisclosed minority stake in Landscape Endeavors, Inc. of Colorado Springs, CO.

26. TekBay Digital Solutions LLC (5/21/2026)
    Driven Tech, Inc. of New York, NY, agreed to acquire TekBay Digital Solutions LLC of Denver, CO, bringing TekBay’s founder into the role of Chief Innovation Officer.

27. HWY 285 RV Park (5/29/2026)
    Spartan Investment Group, LLC of Golden, CO, acquired HWY 285 RV Park of Pecos, CO.

28. Book of insurance business (6/1/2026)
    BroadStreet Partners Group, LLC of Columbus, OH, acquired a book of insurance business from an undisclosed agency in CO.

29. Logic Datasystems, LLC (6/1/2026)
    WM Synergy LLC of Houston, TX, acquired Logic Datasystems, LLC of Aurora, CO, strengthening its Infor CloudSuite Industrial and SyteLine practice and adding the iShop ecommerce solution.

30. Undisclosed Insurance Agency (6/1/2026)
    World Insurance Associates, LLC of Iselin, NJ, acquired Undisclosed Insurance Agency in CO.

31. High Prairie Survey Company (6/2/2026)
    ZenaTech, Inc. of Vancouver, Canada, acquired High Prairie Survey Company of Kiowa, CO.

32. Two Natural Gas facilities (6/3/2026)
    TransAlta Holdings U.S. Inc. of Centralia, WA, agreed to acquire the Mountain Peak Power and Canyon Peak Power natural gas facilities near Denver, CO, for approximately $998.8 million, adding 318 MW of natural gas generation capacity.

33. LF Insurance Group (6/5/2026)
    ALKEME Intermediary Holdings, LLC of Ladera Ranch, CA, acquired LF Insurance Group of Golden, CO.

34. Undisclosed Insurance Agency (6/5/2026)
    ALKEME Intermediary Holdings, LLC of Ladera Ranch, CA, acquired Undisclosed Insurance Agency in CO.

35. Cgrs, Inc. (6/8/2026)
    Benford Capital Partners, LLC acquired Cgrs, Inc. of Fort Collins, CO, retaining CGRS’s name, team, locations, and existing leadership.

36. Elk River Wealth Management LLC (6/9/2026)
    AlphaCore Capital LLC of La Jolla, CA, acquired Elk River Wealth Management LLC of Denver, CO, adding Elk River’s team to support its Cherry Creek and Phoenix operations.

37. Strata Identity, Inc. (6/9/2026)
    Rubrik, Inc. of Palo Alto, CA, acquired Strata Identity, Inc. of Boulder, CO.

38. The Harloff Company, Inc. (6/9/2026)
    Capsa Solutions, LLC of Canal Winchester, OH, acquired The Harloff Company, Inc. of Colorado Springs, CO.

39. Rope Partner, Inc. (6/10/2026)
    FairWind AS of Vejle, Denmark, acquired Rope Partner, Inc. of Centennial, CO, for approximately $26.6 million, bringing Rope Partner into the FairWind Group while retaining its brand and leadership.

40. SurePath AI, Inc. (6/15/2026)
    F5, Inc. of Seattle, WA, acquired SurePath AI, Inc. of Denver, CO, for approximately $50.1 million.

41. Tst Inc. (6/17/2026)
    Eps Group, Inc. Engineers, Planners & Surveyors of Mesa, AZ, acquired Tst Inc. of Fort Collins, CO.

42. Blue Canyon Technologies LLC (6/18/2026)
    MDA Space Ltd. of Brampton, Canada, agreed to acquire Blue Canyon Technologies LLC of Lafayette, CO, for $620 million, adding the aerospace and defense business in a transaction expected to be accretive to adjusted EBITDA and adjusted EPS in 2027.

43. Webtec Insurance Services (6/18/2026)
    Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired Webtec Insurance Services of Denver, CO.

44. BenefitRiver, LLC (6/23/2026)
    Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired BenefitRiver, LLC of Golden, CO.

45. LandGate Corp. (6/24/2026)
    Wood Mackenzie Limited of Edinburgh, United Kingdom, acquired LandGate Corp. of Denver, CO.

46. Space-ng Inc. (6/25/2026)
    Firefly Aerospace Inc. of Leander, TX, acquired Space-ng Inc. of Littleton, CO, adding vision navigation and autonomous guidance capabilities to its spacecraft software offering.

47. QuietKat, LLC (6/29/2026)
    Rad Life Mobility, Inc. of Deerfield Beach, FL, acquired QuietKat, LLC of Irvine, CO, supporting QuietKat’s customers, dealers, and partners.

48. Zerra Nutrition, Inc. (6/29/2026)
    AMASS Brands, Inc. of Los Angeles, CA, signed a letter of intent to acquire an additional 35% stake in Zerra Nutrition, Inc. (identified as HpO in the deal summary) of Denver, CO, increasing its ownership from approximately 15% to a proposed controlling interest of approximately 50.0001%.

49. 1 Branch (6/30/2026)
    Stockmens Bank of Colorado Springs, CO, acquired one Westcliffe branch of Kirkpatrick Bank in Westcliffe, CO.

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