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.

Nevada — Business Sale Overview

In Q1 2026, Nevada-based target companies recorded 32 M&A transactions with aggregate disclosed value of approximately $6.051 billion across 18 disclosed-value entries. The supplied dataset also includes properties, mineral claims, royalties, partial-stake purchases, and a reverse merger; it is a line-item measure of transaction activity rather than a count of completed whole-company sales, and certain state qualifications require verification. Materials represented the largest sector by count, with 15 entries, while homebuilding and pet food drove disclosed value and industrial services provided additional operating-company activity. Corporate and industry buyers featured prominently, alongside investment buyers such as Equus Capital Partners; ITS Logistics was the only entry flagged as private equity-backed, a field that does not establish the buyer classification for every deal. Five entries listed Nevada buyers, ten listed buyers in other U.S. states, and fifteen listed overseas buyer cities; two buyers were undisclosed. This breadth demonstrates multiple channels for Nevada seller and asset-owner liquidity, although the file alone cannot establish a historical trend.

The largest transaction was Sumitomo Forestry America’s agreement to acquire Tri Pointe Homes, listed in Incline Village, for approximately $4.417 billion, extending its U.S. homebuilding platform. The supplied narrative also identifies an Irvine, CA, Home Office, so its Nevada headquarters qualification requires verification. Tri Pointe represented 73.0% of aggregate disclosed value; excluding that transaction, disclosed value totaled approximately $1.634 billion. Agrolimen’s $600 million acquisition of Reno-based Ollie Pets added pet food capabilities, while Esperion’s acquisition of Henderson-based Corstasis Therapeutics carried up to $255 million in consideration, including $180 million contingent on future outcomes. Mineral royalties contributed Franco-Nevada’s $250 million acquisition of interests in i-80 Gold’s Nevada properties and OR Royalties’ $168 million acquisition of additional Spring Valley and Moonlight royalties. Key Mining’s proposed $230 million reverse merger with Zephyr Cove-based Compass Digital Acquisition represented a separate public-market transaction category rather than a conventional operating-company sale.

For founder-owners and sponsors, the quarter illustrates buyer participation across operating businesses, real estate, and mineral interests, with both local combinations and cross-border transactions represented. The concentration of value in one homebuilding agreement and the inclusion of royalty, staking, and contingent-consideration entries make transaction structure and sector context essential when interpreting the headline total. The dataset supports an assessment of buyer reach and exit pathways, but does not establish valuation multiples or changes in pricing.

Nevada — Strategic vs. Sponsor-led Activity

Nevada — X / Y Plot By Sector

Nevada — M&A Segmentation

Nevada — Sector Breakdown

Second Level Primary Industry Breakdown

Nevada 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.

Wyoming Bears, Inc. (1/1/2026)
Sentient Brands Holdings Inc. of New York, NY, acquired the remaining 49% stake in Wyoming Bears, Inc. in Nevada.
Additional Claims (1/5/2026)
Black Mammoth Metals Corporation of Vancouver, Canada, acquired 87 additional unpatented lode claims through staking in Lander County, NV, expanding its Pediment property position.
Zyppah, Inc. (1/5/2026)
Kronos Advanced Technologies Inc. of Parkersburg, WV, acquired the remaining minority stake in Zyppah, Inc. of Carson City, NV, increasing its ownership of the health care supplies business.
Compass Digital Acquisition Corp. (1/6/2026)
Key Mining Corp. of Miami, FL, entered into a $230 million reverse-merger agreement with Compass Digital Acquisition Corp. of Zephyr Cove, NV, creating a proposed public holding company to support Key Mining’s development activities.
Morgan Construction, Inc. (1/6/2026)
Precizion Partners of Roseville, CA, acquired Morgan Construction, Inc. of Reno, NV, adding a construction business whose management team and local office will remain in place.
Oratech Pharma, Inc. (1/13/2026)
Lifeward Ltd. of Yokneam Illit, Israel, acquired Oratech Pharma, Inc. of Carson City, NV, from Oramed Pharmaceuticals Inc.
1.5% Net Smelter Returns on Northern Claim (1/21/2026)
Mackay Precious Metals Inc. of Carson City, NV, acquired a 1.5% net smelter returns royalty on northern claims in Nevada from Comstock Inc. for $1.1 million, adding a mineral royalty interest.
1.5% NSR on Northern Mineral Claims (1/21/2026)
Mackay Precious Metals Inc. of Carson City, NV, agreed to acquire a 1.5% net smelter returns royalty on northern mineral claims in Nevada from Comstock Inc. for $1.1 million, adding a proposed mineral royalty interest.
ITS Logistics, LLC (1/21/2026)
Echo Global Logistics, Inc. of Chicago, IL, acquired ITS Logistics, LLC of Reno, NV, combining ITS’s logistics operations with Echo’s technology platform, carrier network, and commercial capabilities.
West Tonopah Project (1/21/2026)
An undisclosed buyer acquired the West Tonopah Project in Nevada from Enertopia Corp. for approximately $506,000, taking ownership of the project.
205 Unpatented Lode Claims (1/28/2026)
American Tungsten and Antimony Ltd of Subiaco acquired 205 unpatented lode claims through staking in Nevada, adding mineral claims to its portfolio.
514,900-Square-Foot Industrial Portfolio in Sparks (1/29/2026)
Equus Capital Partners, Ltd. of Newtown Square, PA, acquired a 514,900-square-foot industrial portfolio in Sparks, NV, from Link Logistics Real Estate LLC for $95.9 million, adding industrial real estate assets.
Lead Dog Brewing Co. (2/6/2026)
Parlay 6 Brewing Company of Reno, NV, acquired a majority stake in Lead Dog Brewing Co. of Sparks, NV, assuming day-to-day operations while the original owners retain equity and involvement in the brand.
Ollie Pets Inc. (2/6/2026)
Agrolimen SA of Barcelona, Spain, acquired Ollie Pets Inc. of Reno, NV, for $600 million, giving the independently operated brand access to Agrolimen’s pet food capabilities and resources.
36 Unpatented Mineral Lode Claims (2/11/2026)
Viva Gold Corp. of Langley acquired 36 unpatented mineral lode claims through staking near Tonopah, NV, adding local mineral interests.
Keystone Project (2/11/2026)
Western Ridge Resources Limited of Peppermint Grove, Australia, acquired the Keystone Project in Nevada for approximately $787,000, adding a silver project to its portfolio.
Unpatented Lode Mining Claims (2/11/2026)
Globex Nevada, Inc. of Carson City, NV, acquired unpatented lode mining claims through staking in Lincoln County, NV, adding mineral interests in southeastern Nevada.
Wedco, Inc. (2/11/2026)
Border States Industries, Inc. of Fargo, ND, agreed to acquire Wedco, Inc. of Reno, NV, adding a proposed trading and distribution business.
3% NSR on i-80 Gold Properties (2/12/2026)
Franco-Nevada Corporation of Toronto, Canada, acquired a 3% net smelter returns royalty on i-80 Gold’s material properties in Nevada for $250 million, expanding its mineral royalty interests.
Tri Pointe Homes, Inc. (2/13/2026)
Sumitomo Forestry America Inc. of Addison, TX, agreed to acquire Tri Pointe Homes, Inc., listed in the workbook as based in Incline Village, NV, for approximately $4.417 billion, adding the homebuilder to its U.S. platform while preserving its distinct brand and management team.
Gross Royalty on Springer (2/18/2026)
An undisclosed buyer acquired a gross royalty on the Springer property in Nevada from Silver Storm Mining Ltd. for approximately $1.599 million, adding a mineral royalty interest.
Magic Find, Inc. (2/18/2026)
Multiverse ApS of Copenhagen, Denmark, acquired Magic Find, Inc. of Las Vegas, NV, for approximately $10.254 million, taking ownership of the business associated with Union for Gamers.
Additional Royalties on Spring Valley and Moonlight Property (2/24/2026)
OR Royalties Inc. of Montreal, Canada, acquired additional royalties on the Spring Valley and Moonlight properties in Nevada from Sailfish Royalty Corp. for $168 million, expanding its mineral royalty portfolio.
Yuge Gold Project (2/25/2026)
Trifecta Gold Ltd. of Vancouver, Canada, entered into a definitive earn-in agreement to acquire the Yuge Gold Project in northern Nevada from Nortec Minerals Corp. for approximately $1.478 million, adding a proposed gold project interest.
Silver Belle Project (2/27/2026)
Advanced Gold Exploration Inc. of Toronto, Canada, agreed to acquire the Silver Belle Project in Nevada for approximately $683,000, adding a proposed silver project interest.
Gator Property (3/2/2026)
Supreme Critical Metals Inc. of Vancouver, Canada, signed a letter of intent for an earn-in acquisition of the Gator Property in Nevada for approximately $697,000, seeking an interest in the gold property.
Corstasis Therapeutics Inc. (3/3/2026)
Esperion Therapeutics, Inc. of Ann Arbor, MI, acquired Corstasis Therapeutics Inc. of Henderson, NV, for consideration of up to $255 million, adding a health care business through a structure that includes contingent payments.
Taylor Gold-Silver Project (3/6/2026)
A2 Gold Corp. of Vancouver, Canada, entered into a letter of intent to acquire the Taylor Gold-Silver Project in Nevada from White Pine Precious Metals Inc. for approximately $7.317 million, seeking additional gold and silver project interests.
Additional 24 Claims (3/11/2026)
A2 Gold Corp. of Vancouver, Canada, acquired 24 additional claims through staking in Nevada, adding approximately 201 hectares adjacent to its existing Eastside claim block.
Telforge, Inc. (3/18/2026)
FingerMotion, Inc. of Singapore entered into an agreement to acquire Telforge, Inc. in Nevada for $9.9 million in stock consideration, adding a proposed integrated telecommunications business.
Soaring Bird Solutions LLC (3/19/2026)
REDW LLC of Albuquerque, NM, acquired Soaring Bird Solutions LLC of Henderson, NV, integrating the business into its national advisory platform and HR consulting practice.
White Label Suite LLC (3/25/2026)
Level Up Pipeline LLC of Las Vegas, NV, identified in the transaction column as the buyer, acquired White Label Suite LLC of Clark County, NV, adding an application software business.

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.

Q1 2026 | Nevada M&A Insights

Q2 2026 | Nevada M&A Insights

2025 Year in Review | Nevada M&A Insights