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Targets in Oregon

Oregon M&A Overview — Business Sale Activity for M&A Targets

In Q1 2026, Oregon-based target companies recorded 35 M&A transactions representing approximately $118.7 million of aggregate disclosed transaction value across four transactions with reported values. Amazon’s $83 million acquisition of the Sunstone Solar Project represented approximately 70% of the quarter’s disclosed value; excluding that transaction, disclosed value totaled approximately $35.7 million. Out-of-state strategic acquirers were prominent throughout the quarter, complemented by institutional sponsors including TPG, BV Investment Partners, and Antin Infrastructure Partners as well as several Oregon-based buyers. Activity spanned industrial and construction services, wealth and financial services, technology, advertising and professional services, and consumer businesses, underscoring Oregon’s breadth as a durable middle-market seller and exit market.

Renewable energy produced the quarter’s largest disclosed transaction, with Seattle-based Amazon acquiring Oregon’s Sunstone Solar Project from Pine Gate Renewables for $83 million. Financial services accounted for the second-largest disclosed deal, as FS Bancorp agreed to acquire West Linn-based Pacific West Bancorp for approximately $34.4 million, expanding its banking footprint into Clackamas and Multnomah counties. The quarter also included Gulf Boulevard Broadcasting’s $1.3 million acquisition agreement for three Oregon television stations and KJDY’s $0.05 million agreement for three broadcast translator assets. Beyond disclosed-value transactions, notable strategic and sponsor activity included TPG’s majority investment in Beaverton-based ESHA Holding Company, Antin Infrastructure Partners’ agreement to acquire Portland-based Vigor Industrial, Quanta Services’ acquisition of Canby-based Wilson Construction, and Aprio’s acquisition of Lake Oswego-based Delap.

The quarter reinforced the diversity of Oregon’s M&A environment, with transactions ranging from sponsor-backed software and infrastructure investments to founder and middle-market combinations in professional services, construction, advertising, wealth management, consumer products, and healthcare. For Oregon founder-owners and financial sponsors considering an exit, the activity demonstrates a buyer universe extending well beyond the state, with strategic acquirers and institutional capital pursuing differentiated local businesses for geographic expansion, talent, brands, and specialized capabilities.

Oregon — Strategic vs. Sponsor-led Activity

Oregon — X / Y Plot By Sector

Oregon — M&A Segmentation

Oregon — Sector Breakdown

Oregon 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.

Certain Insurance Assets (1/1/2026)
BroadStreet Partners Group, LLC of Columbus, OH, acquired certain insurance assets from an undisclosed Oregon insurance agency, expanding its insurance brokerage asset base in the state.
Delap LLP (1/1/2026)
Aprio, LLP of Atlanta, GA, acquired Delap LLP of Lake Oswego, OR, combining the firms’ audit practices and adding Delap’s full partner group to Aprio.
Anchorage Launch Services Company (1/5/2026)
Diversified Marine, Inc. of Portland, OR, acquired Anchorage Launch Services Company of Portland, OR, adding the marine transportation business while continuing operations under Anchorage Launch Services LLC.
ESHA Holding Company, LLC (1/5/2026)
TPG The Rise Fund, managed by TPG Growth, LLC, acquired a majority stake in ESHA Holding Company, LLC of Beaverton, OR, transitioning the Trustwell software platform from Riverside Company ownership to TPG.
Gron Holdings, Inc. (1/5/2026)
NORTHWEST COMMONWEALTH, LLC of Portland, OR, agreed to acquire Gron Holdings, Inc. of Portland, OR, consolidating Oregon-based packaged-food and consumer brands.
Emery & Sons Construction Group, LLC (1/6/2026)
Garney Holding Company, Inc. of Kansas City, MO, acquired Emery & Sons Construction Group, LLC of Salem, OR, adding regional infrastructure capabilities while retaining Emery’s existing name and leadership.
PermaCold Engineering, Inc. (1/7/2026)
The Kelvin Group of Wilmington, MA, acquired PermaCold Engineering, Inc. of Portland, OR, adding an Oregon industrial engineering business to its platform.
Three TV Stations (1/13/2026)
Gulf Boulevard Broadcasting, LLC of Pittsburgh, PA, agreed to acquire three television stations in Oregon for $1.3 million, expanding its broadcasting footprint subject to FCC approval.
World Of Smiles Pediatric Dentistry, LLC (1/14/2026)
Salt Dental Collective, LLC of Phoenix, AZ, acquired World Of Smiles Pediatric Dentistry, LLC of Portland, OR, expanding its pediatric dental services presence in Oregon.
Sunstone Solar Project (1/16/2026)
Amazon.com, Inc. of Seattle, WA, acquired the Sunstone Solar Project in Oregon from Pine Gate Renewables, LLC for $83 million, adding a renewable-energy project to its power portfolio.
2 AM Translators and 1 FM Translator (1/20/2026)
KJDY, LLC of La Grande, OR, agreed to acquire two AM translators and one FM translator in Oregon for $0.05 million, expanding its broadcasting assets subject to FCC approval.
Alacrity Network Solutions, LLC (1/20/2026)
BV Investment Partners Fund XI and BVIP Fund XII, managed by BV Investment Partners, L.P., acquired Alacrity Network Solutions, LLC of Eugene, OR, placing the network solutions business under institutional sponsor ownership.
Jhs Natural Products Inc (1/20/2026)
Real Mushrooms Inc. of Calgary acquired Jhs Natural Products Inc of Eugene, OR, adding an Oregon natural-products business to its portfolio.
Opinionated Group (1/20/2026)
Charles Tombras Advertising, Inc. of Knoxville, TN, acquired Opinionated Group of Portland, OR, adding its 40-person creative team and establishing a platform that is expected to become Tombras West.
Three Pirates, LLC (1/26/2026)
CoHo Distributing, LLC of Portland, OR, agreed to acquire Three Pirates, LLC of Portland, OR, adding the business as a dedicated craft-beer division within CoHo.
Diode Laser Concepts, Inc. (1/29/2026)
Pacific Lasertec, LLC of San Marcos, CA, acquired Diode Laser Concepts, Inc. of Medford, OR, adding electronic manufacturing and laser-related capabilities to its platform.
Pure Portfolios Holdings LLC (1/30/2026)
Waverly Advisors, LLC of Birmingham, AL, acquired Pure Portfolios Holdings LLC of Lake Oswego, OR, expanding its wealth and asset-management platform into Oregon.
Summit Security Group, LLC (2/2/2026)
Aldrich Web Solutions, Inc. of Raleigh, NC, acquired Summit Security Group, LLC of Tigard, OR, adding cyber-risk capabilities and integrating Summit’s leadership into Aldrich Solutions.
PAYNTR GOLF GLOBAL, LLC (2/4/2026)
8AM Golf Holdings, LLC of New York, NY, acquired a minority stake in PAYNTR GOLF GLOBAL, LLC of Lake Oswego, OR, adding exposure to the golf-footwear brand.
Vigor Industrial LLC (2/4/2026)
Antin Flagship Fund V, managed by Antin Infrastructure Partners SAS of Paris, agreed to acquire Vigor Industrial LLC of Portland, OR, adding the industrial business to Antin’s infrastructure investment portfolio.
Engin Creative LLC (2/10/2026)
Forty Nine Degrees LLC acquired Engin Creative LLC of Portland, OR, expanding its creative-services platform and adding nine Engin employees.
Aerodigm Wealth, LLC (2/11/2026)
Management Group acquired Aerodigm Wealth, LLC of Lake Oswego, OR, in a management buyout, transferring control of the wealth-advisory business from its prior owner to management.
Good & Gold Marketing (2/18/2026)
GRAYBOX, Inc. of Portland, OR, acquired Good & Gold Marketing of Portland, OR, expanding its marketing capabilities and integrating the Good & Gold team into Graybox.
Wilson Construction Company (2/19/2026)
Quanta Services, Inc. of Houston, TX, acquired Wilson Construction Company of Canby, OR, adding an established Oregon construction and engineering business to its platform.
Schoolhouse Electric Co. (2/20/2026)
Hudson Valley Lighting, Inc. of Wappingers Falls, NY, acquired Schoolhouse Electric Co. of Portland, OR, adding the design brand to its lighting portfolio while preserving Schoolhouse’s creative vision.
Shorepower Technologies Inc. (2/23/2026)
Aeternum Health LLC agreed to acquire Shorepower Technologies Inc. of Hillsboro, OR, in a reverse merger that would give Aeternum majority ownership and reposition the public company under the Aeternum Health name.
Housecall Providers Services LLC (2/24/2026)
Chapters Health System, Inc. of Temple Terrace, FL, agreed to acquire Housecall Providers Services LLC of Portland, OR, adding the Oregon provider to its broader care-services platform.
Pacific West Bancorp (2/25/2026)
FS Bancorp, Inc. of Mountlake Terrace, WA, agreed to acquire Pacific West Bancorp of West Linn, OR, for approximately $34.4 million, expanding into Clackamas and Multnomah counties and strengthening its Pacific Northwest banking footprint.
Agile Display Solutions Inc. (2/26/2026)
Ithina Holdings Inc. acquired Agile Display Solutions Inc. of Oregon, adding an electronic-components business to its portfolio.
JHS Natural Products, Inc. (2/26/2026)
Real Mushrooms Inc. of Calgary acquired JHS Natural Products, Inc. of Eugene, OR, adding another mushroom and natural-products business to its platform.
Ovum Wines LLC (3/1/2026)
Jackson Family Wines, Inc. of Santa Rosa, CA, acquired Ovum Wines LLC of Newberg, OR, adding an Oregon wine brand to its portfolio.
Pressure Point Roofing Inc. (3/1/2026)
An undisclosed buyer acquired a majority stake in Pressure Point Roofing Inc. of Central Point, OR, recapitalizing the roofing business while existing leadership retained significant ownership.
The H Group, Inc./Focus Point Solutions, Inc (3/3/2026)
Wealth Enhancement Group, LLC of Plymouth, MN, acquired The H Group, Inc. and Focus Point Solutions, Inc. of Oregon, expanding its wealth-management platform and integrating Focus Point into its Advisory Solutions Group.
The Rough And Ready Property (3/17/2026)
Homeland Nickel Inc. of Toronto agreed to acquire The Rough And Ready Property in Southern Oregon, expanding its mineral-property position in the region.
Flok Inc (3/31/2026)
FormativGroup, LLC of Detroit, MN, acquired Flok Inc of Bend, OR, adding an Oregon IT consulting and services business to its platform.

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 | Oregon M&A Insights

Q2 2026 | Oregon M&A Insights

2025 Year in Review | Oregon M&A Insights