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.

This Month - National Transaction Value ($bn) and Transaction Count

Targets in Colorado

Colorado - Transaction Value and Count by Month

Colorado — Business Sale Overview

In June 2025, Colorado-based companies were the target of 14 M&A transactions (disclosed value of $4.3bn), with significant activity in technology, energy, real estate, and consumer sectors, underscoring the state’s role as a hub for high-growth industries. The most prominent deals included Viper Energy, Inc.’s (NASDAQGS:VNOM) $2.9 billion agreement to acquire Sitio Royalties Corp. (NYSE:STR) and BuyerLink LLC’s $330 million reverse merger with Inspirato Incorporated (NasdaqGM:ISPO), driving a total disclosed deal value of approximately $3.23 billion. With 3 private equity-backed transactions, the deals reflect strategic consolidation in energy, luxury travel, and craft beverages, reinforcing Colorado’s appeal to both corporate and private equity buyers seeking innovative assets.

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.

Rowdy Mermaid Kombucha LLC (06/03/2025)
Next in Natural, in partnership with KarpReilly LLC and Sapient Stews Founder Luke Comer, acquired Rowdy Mermaid Kombucha LLC in Boulder, CO, on June 3, 2025, enhancing its beverage portfolio in the consumer sector with private equity backing, with founders Jamba Dunn and Erin Donnelly continuing as CEO and Marketing Director.
Sitio Royalties Corp. (06/03/2025)
Viper Energy, Inc. (NASDAQGS:VNOM) agreed to acquire Sitio Royalties Corp. (NYSE:STR) in Denver, CO, for $2.9 billion on June 3, 2025, expanding its energy royalty portfolio in the energy sector, with closure expected in Q3 2025 pending regulatory approvals and an investigation by Wohl & Fruchter LLP into merger fairness.
Baccary Brewing Co. LLC (06/05/2025)
Wilding Brands LLC acquired Station 26 Brewing Co. in Denver, CO, on June 5, 2025, strengthening its craft beer operations in the consumer sector, with founder Justin Baccary joining the company.
Extreme Fp Holdings Inc. (06/05/2025)
Pye-Barker Fire & Safety, LLC acquired Extreme Fire Protection in Parker, CO, on June 5, 2025, enhancing its fire protection and alarm services in the industrials sector with private equity backing, joining its Denver-area teams.
Solar Vision Inc. (06/05/2025)
American Window Film, Inc. acquired Solar Vision Inc. in Commerce City, CO, on June 5, 2025, bolstering its window film and solar solutions in the industrials sector, with the existing team retained for service continuity.
Fentress Architects, Ltd. (06/06/2025)
Populous, Inc. acquired Fentress Architects, Ltd. in Denver, CO, on June 6, 2025, expanding its architectural design services in the industrials sector, with Fentress rebranding as Fentress Studios, a Populous Company.
Ska Brewing Co. (06/07/2025)
The Arianos and Wests acquired Ska Brewing Co. in Durango, CO, on June 7, 2025, enhancing their craft beer portfolio in the consumer sector, with Steve Breezley appointed as CEO.
Wambolt & Associates, LLC (06/10/2025)
CWM, LLC d/b/a Carson Group acquired Wambolt & Associates, LLC in Littleton, CO, on June 10, 2025, strengthening its wealth management services in the financials sector without private equity backing.
Revesco Properties (06/11/2025)
Kroenke Sports & Entertainment, LLC acquired Revesco Properties in Denver, CO, on June 11, 2025, expanding its real estate and entertainment portfolio in the financials sector without private equity involvement.
N3bula Systems LLC (06/17/2025)
Raft LLC acquired N3bula Systems Inc. in Colorado Springs, CO, on June 17, 2025, enhancing its technology solutions in the technology sector without private equity backing.
Guildner Pipeline Maintenance, Inc. (06/19/2025)
Azuria Water Solutions, Inc. acquired Guildner Pipeline Maintenance, Inc. in Commerce City, CO, on June 19, 2025, strengthening its water infrastructure services in the industrials sector with private equity backing, with Jerry and Jake Guildner continuing to manage the business.
Tanco Engineering, Inc. (06/20/2025)
LT Corporation, Inc. acquired Tanco Engineering, Inc. in Loveland, CO, on June 20, 2025, enhancing its engineering and manufacturing capabilities in the industrials sector, with the Tanco team joining LT Corporation.
Inspirato Incorporated (06/25/2025)
BuyerLink LLC agreed to acquire Inspirato Incorporated (NasdaqGM:ISPO) in Denver, CO, in a reverse merger valued at $330 million on June 25, 2025, expanding its luxury travel offerings in the consumer sector, with closure expected in Q3 2025 pending regulatory and stockholder approvals.
Total Site Services, Inc. (06/30/2025)
CCI Systems Inc. acquired Total Site Services, Inc. in Johnstown, CO, on June 30, 2025, bolstering its telecommunications infrastructure services in the technology sector, with the Total Site Services team joining CCI Systems.

Buyers in Colorado

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

Colorado — M&A Business Acquisition Overview (Buyers)

In June 2025, Colorado-based buyers executed 26 M&A transactions, with a strong focus on real estate, technology, and financial services, reflecting the state’s diverse and growing economic base. Key deals included Bow River Asset Management’s acquisition of a 337-unit apartment complex in Houston for an undisclosed amount and Real Capital Solutions’ $57.1 million purchase of a two-building office complex in Tysons, highlighting significant real estate activity. The transactions, totaling an estimated $500 million in disclosed value, were driven by a mix of private equity-backed and corporate buyers, with 7 deals involving private equity, emphasizing strategic expansion in high-growth sectors.

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

Schechter Investment Advisors, LLC (06/02/2025)
Arax Advisory Partners in Denver, CO, a unit of Arax Investment Partners, LLC, acquired Schechter Investment Advisors, LLC on June 2, 2025, merging its team to enhance financial advisory services in the financials sector with private equity backing and UBS as financial advisor.
Full Sail Capital, LLC (06/03/2025)
Mercer Global Advisors Inc. in Denver, CO, acquired Full Sail Capital, LLC on June 3, 2025, strengthening its wealth management portfolio in the financials sector with private equity support and Hue Capital Partners as financial advisor.
Seven Staffing & Employment Solutions, LLC (06/03/2025)
Vangst, Inc. in Denver, CO, acquired Seven Staffing & Employment Solutions, LLC on June 3, 2025, expanding its staffing services in the industrials sector, with CEO Christy Essex joining the leadership team.
Baccary Brewing Co. LLC (06/05/2025)
Wilding Brands LLC in Lafayette, CO, acquired Station 26 Brewing Co. on June 5, 2025, enhancing its craft beer operations in the consumer sector, with founder Justin Baccary joining the company.
BendTel Inc. (06/05/2025)
Vero Broadband, LLC in Boulder, CO, entered a definitive agreement to acquire BendTel Inc. on June 5, 2025, bolstering its telecommunications infrastructure in the technology sector, with completion expected in fall 2025.
Establish, Inc. (06/05/2025)
BNP Associates, Inc. in Denver, CO, acquired Establish, Inc. on June 5, 2025, strengthening its consulting services in the industrials sector with private equity backing.
Ukon (06/06/2025)
Blackpoint Holdings, LLC in Denver, CO, acquired Ukon on June 6, 2025, enhancing its unclassified technology offerings in the technology sector without private equity involvement.
Title365 Company (06/09/2025)
Covius Services, LLC in Glendale, CO, signed a definitive agreement to acquire a 90.1% stake in Title365 Company from Blend Labs, Inc. (NYSE:BLND) on June 9, 2025, expanding its title and closing services in the financials sector, with closure pending regulatory approvals.
Viagrow, LLC (06/09/2025)
GrowGeneration Corp. (NasdaqCM:GRWG) in Greenwood Village, CO, acquired Viagrow, LLC on June 9, 2025, boosting its hydroponics and gardening solutions in the consumer sector, with Viagrow reporting $3 million in revenue.
Creativebug, LLC (06/10/2025)
Peak Media Properties, LLC in Golden, CO, acquired Creativebug Inc. from Jo-Ann Stores, LLC on June 10, 2025, enhancing its online craft education platform in the consumer sector, with Liana Allday as General Manager.
South Platte Services (06/10/2025)
Shirley Septic Pumping, LLC in Pine, CO, acquired South Platte Services on June 10, 2025, reorganizing under three divisions to expand its septic services in the industrials sector without private equity backing.
mini-location business of VENUplus, Inc (06/11/2025)
National Entertainment Network, LLC in Louisville, CO, agreed to acquire the mini-location business of VENUplus, Inc on June 11, 2025, enhancing its entertainment services in the consumer sector, with completion expected by July 1, 2025.
Revesco Properties (06/11/2025)
Kroenke Sports & Entertainment, LLC in Denver, CO, acquired Revesco Properties on June 11, 2025, expanding its real estate and entertainment portfolio in the financials sector without private equity involvement.
Secure HR, LLC (06/13/2025)
Substrate Al in Bailey, CO, acquired Secure HR Inc for $2 million on June 13, 2025, enhancing its HR technology solutions in the technology sector with private equity backing and a structured payment plan.
two-building office complex in Tysons (06/13/2025)
Real Capital Solutions, Inc. and Silverline Equities in Louisville, CO, acquired a two-building office complex in Tysons for $57.1 million on June 13, 2025, expanding their commercial real estate portfolio in the financials sector with a cash transaction.
236-unit International at Valley Ranch (06/17/2025)
Consolidated Investment Group LLC in Englewood, CO, acquired the 236-unit International at Valley Ranch from Criterion Development Partners, LLC on June 17, 2025, strengthening its multifamily real estate holdings in the financials sector.
Terpli, Inc. (06/17/2025)
Alpine IQ Inc in Broomfield, CO, acquired Terpli, Inc. on June 17, 2025, enhancing its marketing technology solutions in the technology sector without private equity involvement.
Camden Midtown, A 337-Unit, Three-Story Apartment Community in Houston, Texas (06/18/2025)
Bow River Asset Management LLC in Denver, CO, acquired Camden Midtown, a 337-unit apartment community in Houston, Texas from Camden Property Trust (NYSE:CPT) on June 18, 2025, expanding its real estate portfolio in the financials sector with private equity backing.
PennJersey Environmental Consulting, Inc. (06/18/2025)
Integral Consulting Inc. in Boulder, CO, acquired PennJersey Environmental Consulting on June 18, 2025, strengthening its environmental consulting services in the industrials sector without private equity backing.
Self-Storage Facility located at 8911 Vernon Rd. in Lake Stevens, Washington (06/20/2025)
Spartan Investment Group, LLC in Golden, CO, acquired a self-storage facility at 8911 Vernon Rd. in Lake Stevens, Washington on June 20, 2025, expanding its storage real estate portfolio in the financials sector.
Eckerson Group, LLC (06/24/2025)
Datalere, LLC in Denver, CO, acquired Eckerson Group LLC on June 24, 2025, integrating its data analytics consulting services in the technology sector under the Datalere brand.
Happy Marketers of Happy Cabbage Analytics, Inc. (06/24/2025)
Alpine IQ Inc in Broomfield, CO, acquired Happy Marketers from Happy Cabbage Analytics, Inc. on June 24, 2025, enhancing its marketing analytics solutions in the technology sector without private equity involvement.
Social Annex, Inc. (06/24/2025)
Edited Capital in Denver, CO, acquired Social Annex, Inc. on June 24, 2025, strengthening its e-commerce technology solutions in the technology sector with private equity backing.
AVA Intellect, LLC (06/25/2025)
Wowza Media Systems, LLC in Lakewood, CO, acquired AVA Intellect, LLC on June 25, 2025, advancing its AI-driven streaming solutions in the technology sector, with co-founder Mike Vitale joining as Head of Intelligence.
Highlands at Morris Plains in Northern NJ (06/26/2025)
Sagard Real Estate in Lakewood, CO, acquired Highlands at Morris Plains in Northern NJ on June 26, 2025, expanding its multifamily real estate portfolio in the financials sector without private equity involvement.
Laredo, TX and Elgin, IL Locations of Fleet Trailer Leasing, LLC (06/26/2025)
Boxwheel Trailer Leasing LLC in Commerce City, CO, acquired Laredo, TX and Elgin, IL locations of Fleet Trailer Leasing, LLC on June 26, 2025, enhancing its trailer leasing operations in the industrials sector without private equity backing.

M&A Segmentation — Glossary:

M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
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:

Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
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.
Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

June 2025 | Colorado M&A Insights

May 2025 | Colorado M&A Insights