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.

March 2025 - National Transaction Value ($bn) and Transaction Count

Nevada — Transaction Value and Count by Month

Nevada — Overview

Nevada’s M&A activity in March 2025 featured 11 transactions, spanning from Reno to Mineral County, as the state attracted a blend of local, national, and international buyers. The materials sector led with four mining deals, including Headwater Gold Inc.’s $0.0136 million acquisition of the Jake Creek project and Great Western Mining Corporation’s staking of claims at Yellow Peak, while financials followed with Instinct Brothers Co., Ltd.’s $200 million reverse merger with Relativity Acquisition Corp., set to close later in 2025. Total transaction value reached $200.39 million across three disclosed deals, ranging from small-scale mining assets to AmWINS Group, Inc.’s acquisition of Community Association Insurance Solutions, LLC, reflecting Nevada’s appeal in mining and financial services. Private equity backed 27% of the deals, signaling steady investor confidence in the state’s resource-driven economy.

Nevada — Strategic vs. Sponsor-led Activity

Nevada — X / Y Plot By Sector

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.

Nevada — M&A Segmentation

Nevada — Sector Breakdown

Second Level Primary Industry Breakdown

Nevada — March 2025 M&A Deal Summaries

A. Carlisle & Company of Nevada, Inc. (Announced: March 3, 2025)
- Reno Typographers, Inc. acquired A. Carlisle & Company of Nevada, Inc. on March 3, 2025. The deal expands Reno Typographers’ presence in Nevada’s printing industry. The transaction was completed on the same day.
Community Association Insurance Solutions, LLC (Announced: March 3, 2025)
- AmWINS Group, Inc. acquired Community Association Insurance Solutions, LLC on March 3, 2025, with Dowling Hales advising the target. The deal enhances AmWINS’ insurance brokerage portfolio in the financial sector. The transaction was finalized swiftly.
Jake Creek Project (Announced: March 3, 2025)
- Headwater Gold Inc. acquired the Jake Creek project in Nevada for C$0.02 million on March 3, 2025 from an undisclosed seller. The deal adds to Headwater Gold’s mineral exploration assets in the region. The transaction was completed on the same day.
Quickpay Funding, LLC (Announced: March 3, 2025)
- Culain Capital Management LLC acquired Quickpay Funding, LLC, a financial services firm, on March 3, 2025. The deal strengthens Culain Capital’s financing portfolio in Nevada. The transaction was finalized promptly.
Relativity Acquisition Corp. (Announced: March 3, 2025)
- Instinct Brothers Co., Ltd. agreed to acquire Relativity Acquisition Corp. for $200 million in a reverse merger on February 28, 2025, with closure expected in Q3 2025, advised by Chardan Capital and Loeb & Loeb. Post-transaction, Instinct Brothers will become Instinct Bio Technical Company Inc., led by founder Tomoki Nagano, pending regulatory approvals. The deal positions Instinct Brothers for a public listing in the U.S.
Sierra Air Conditioning, Inc. (Announced: March 5, 2025)
- Airtron Heating & Air Conditioning, Inc. acquired Sierra Air Conditioning, Inc. on March 5, 2025, with Katten Muchin Rosenman and Winston & Strawn providing legal counsel. Stout Capital advised Sierra during the transaction, which enhances Airtron’s HVAC services in Nevada. The deal was completed on the same day.
Modern Concrete, Inc. (Announced: March 6, 2025)
- Big 7 Ventures Management, LLC acquired Modern Concrete, Inc. on March 6, 2025, with the target continuing operations under its current management led by Scott Reutner. The deal bolsters Big 7 Ventures’ portfolio in the construction materials sector. The transaction was finalized swiftly.
Yellow Peak Claims (Announced: March 19, 2025)
- Great Western Mining Corporation PLC acquired 20 new claims at Yellow Peak near its Huntoon Copper Project in Nevada through a staking transaction on March 19, 2025. The deal expands Great Western’s mineral exploration footprint in the region. The transaction was completed on the same day.
Eastside Mine/Tango Area Claims (Announced: March 20, 2025)
- Great Western Mining Corporation PLC acquired 78 additional claims in the Eastside Mine/Tango area of Nevada through a staking transaction on March 20, 2025, advised by SP Angel Corporate Finance. The deal further strengthens Great Western’s mining portfolio in the state. The transaction was finalized promptly.
Cambridge Property (Announced: March 26, 2025)
- Walker Lane Resources Ltd. signed a letter of intent to acquire the Cambridge Property in Nevada from Silver Range Resources Ltd. and Auburn Gold Mining LLC for C$0.535 million on March 26, 2025, with closure expected by March 2029. The deal enhances Walker Lane’s mineral exploration assets in the region. It awaits final agreements and approvals.
Preppy (Announced: March 31, 2025)
- StraighterLine, Inc. acquired Preppy, an education firm, on March 31, 2025, with Tuck Advisors as Preppy’s financial advisor. The deal expands StraighterLine’s educational service offerings in Nevada. The transaction was completed on the same day.

March 2025 | Nevada M&A Insights