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 Quarter - National Transaction Value ($bn) and Transaction Count

Targets in Oregon

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

In Q3 2025, Oregon-based companies were the target of 23 transactions with aggregate disclosed value of approximately $7.7 billion. Activity mixed large, sponsor-led deals with steady middle-market tuck-ins across insurance brokerage, software/technology, manufacturing/industrial, financial services, and real assets. The quarter’s value was anchored by headline transactions including the $2.5 billion majority recap of NAVEX Global, Inc. (GSAM/Blackstone–led), I Squared Capital’s $800 million majority stake in ENTEK International LLC, Nextracker’s $53 million acquisition of Origami Solar, Inc., Swickard Auto Group’s $70 million purchase of LBMP, LLC, and Jeff Swickard’s $45 million acquisition of U.S. Bancorp Tower—complemented by TV-49’s $1.25 million purchase of KOXO-CD. Meanwhile, BroadStreet Partners executed a series of eight insurance-asset acquisitions (7/01 and 8/01–8/07), building brokerage density statewide; Knife River expanded in construction with High Desert Aggregate & Paving; Tenex Capital invested in Rick’s Custom Fencing and Decking; Mercer added Eagle Wealth; Klue Labs bought Ignition GTM; Backcountry.com acquired Velotech; and Specialty Building Products agreed to purchase Orepac.

Overall, Q3 showcased Oregon’s dual engine of sponsor capital and strategic consolidators: private equity anchored the top end of value in compliance/ethics software and energy-transition manufacturing, while strategics concentrated on distribution, construction services, consumer/outdoor, and financial services. The pattern points to sustained buyer appetite for recurring revenue, regulated niches, and operating scale, reinforcing Oregon’s role as a Pacific Northwest hub for platform growth and roll-up execution.

Oregon — Strategic vs. Sponsor-led Activity

Oregon — X / Y Plot By Sector

Oregon — M&A Segmentation

Oregon — Sector Breakdown

Second Level Primary Industry 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 (07/01/2025)
• BroadStreet Partners, Inc. acquired certain insurance assets from an undisclosed insurance agency in OR. This transaction expands BroadStreet's insurance broker network by incorporating the acquired assets into its operations.
ST Holdings Group, LLC. (07/01/2025)
• THC Therapeutics, Inc. acquired ST Holdings Group, LLC. in Eugene, OR from Anna Kaplan and Jarrod Kaplan for approximately $3 million in an all-share transaction involving Series D Preferred stock. The deal integrates SugarTop Buddery's interests into THC Therapeutics' holding companies, patent owners, and trusts or estates portfolio.
U.S. Bancorp Tower (07/09/2025)
• Jeff Swickard acquired U.S. Bancorp Tower in OR from Unico Properties LLC and TPF Equity REIT Operating Partnership LP for $45 million. This acquisition adds a prominent real estate operating and management asset to Swickard's holdings, with Unico continuing to manage the property.
Rick's Custom Fencing And Decking, Inc. (07/18/2025)
• Tenex Capital Management, L.P. acquired an unknown majority stake in Rick's Custom Fencing And Decking, Inc. in Hillsboro, OR. The transaction marks Tenex's fifth platform investment in residential services within three years, with founder Rick Stanley retaining ownership and transitioning to a board role while the leadership team remains in place.
NAVEX Global, Inc. (07/21/2025)
• A consortium led by Goldman Sachs Asset Management, L.P. along with a fund managed by Blackstone Inc. agreed to acquire an unknown majority stake in NAVEX Global, Inc. in Lake Oswego, OR from Vista Equity Partners Management, LLC and BC Partners LLP for $2.5 billion, expected to close later in 2025 subject to customary conditions. This deal positions NAVEX, a provider of application software for governance, risk, and compliance, under new ownership to support its growth and innovation.
Portland Local No. 8 Federal Credit Union (07/30/2025)
• I.L.W.U. Federal Credit Union agreed to acquire Portland Local No. 8 Federal Credit Union in Portland, OR, subject to regulatory and shareholder approvals. The merger enhances I.L.W.U.'s presence in the credit unions and mutuals sector by combining operations and resources in the Pacific Northwest.
High Desert Aggregate & Paving, Inc. (07/2025)
• Knife River Corporation acquired High Desert Aggregate & Paving, Inc. in Terrebonne, OR. This acquisition strengthens Knife River's construction and engineering capabilities with High Desert's aggregate and paving expertise in the region.
Certain Insurance Assets (08/01/2025)
• BroadStreet Partners, Inc. acquired certain insurance assets from an undisclosed insurance agency in OR. The deal further bolsters BroadStreet's insurance broker operations through the integration of these specialized assets.
Managed Healthcare Pharmacy (08/04/2025)
• Guardian Pharmacy Services, Inc. acquired Managed Healthcare Pharmacy in Eugene, OR. This transaction expands Guardian's drug retail network, with Managed Healthcare continuing under its existing name, leadership, and staff.
Precise Flight, Inc. (08/11/2025)
• Signia Aerospace, LLC acquired Precise Flight, Inc. in Bend, OR. The acquisition enhances Signia's aerospace and defense portfolio, with Precise Flight operating from its headquarters under Bill Hoback's leadership.
Performance Systems Integration, LLC (08/12/2025)
• Summit Fire & Security LLC acquired Performance Systems Integration, LLC in Portland, OR from The Riverside Company, following a definitive agreement and regulatory approvals. This deal integrates Performance Systems' construction and engineering services into Summit's fire and security platform to broaden its market reach.
Trail Blazers, Inc. (08/13/2025)
• Don Dundon, Marc Zahr, and Sheel Tyle reached a formal agreement to acquire Trail Blazers, Inc. in Portland, OR from Paul Allen's estate for an estimated $4.25 billion, pending NBA board approval and expected to close on March 31, 2026. The transaction, involving two payments, transfers ownership of the movies and entertainment asset, including the NBA team, to the buyers.
FlowiseAI Inc. (08/14/2025)
• Workday, Inc. acquired FlowiseAI Inc. in Beaverton, OR. This acquisition bolsters Workday's systems software offerings by incorporating FlowiseAI's AI-driven workflow automation technologies.
Several Mining Claims (08/18/2025)
• Homeland Nickel Inc. acquired interest in several mining claims in OR, including Woodcock Mountain, from an undisclosed seller through a staking transaction. The deal expands Homeland's diversified metals and mining portfolio in the USA.
Eagle Wealth Management Incorporated / Eagle Wealth Accounting, LLC (09/02/2025)
• Mercer Global Advisors Inc. acquired Eagle Wealth Accounting and Eagle Wealth Management, Inc. in OR. This transaction strengthens Mercer's asset management services by integrating Eagle's wealth advisory and accounting expertise.
Ignition GTM, Inc. (09/02/2025)
• Klue Labs Inc. acquired Ignition GTM, Inc. in Beaverton, OR. The acquisition enhances Klue's application software for competitive intelligence by adding Ignition's go-to-market tools.
Chalice Vineyards, LLC (09/04/2025)
• WarRoom Ventures, LLC acquired Chalice Vineyards, LLC in Springfield, OR from Pamela Frye and Richard Boyles. This deal allows WarRoom to expand its unclassified vineyard operations in the wine industry.
KOXO-CD (08/29/2025)
• TV-49, Inc., a unit of Channel 49 LLC, agreed to acquire KOXO-CD station in OR from WatchTV, Inc. for $1.25 million, subject to FCC approval. The transaction transfers the broadcasting asset to TV-49, enhancing its media portfolio.
Velotech, Inc. (09/04/2025)
• Backcountry.com, LLC acquired an unknown majority stake in Velotech Inc. in Portland, OR. This acquisition integrates Velotech's other specialty retail operations, with the company continuing to run its sites independently.
Origami Solar, Inc. (09/08/2025)
• Nextracker Inc. acquired Origami Solar, Inc. in Bend, OR for $53 million. The deal bolsters Nextracker's steel-related solar tracking solutions by incorporating Origami's innovative solar module frame technology.
ENTEK International LLC (09/17/2025)
• I Squared Capital Advisors, LLC signed a definitive agreement to acquire an unknown majority stake in ENTEK International LLC in Lebanon, OR for $800 million, expected to close following regulatory approvals. This investment, complementing a $1.3 billion U.S. Department of Energy loan, funds a gigafactory in Terre Haute and supports ENTEK's industrial machinery and supplies components growth.
Orepac Holding Co., Inc. (09/19/2025)
• Specialty Building Products, Inc. signed a definitive agreement to acquire Orepac Holding Co., Inc. in Wilsonville, OR, expected to close in the fourth quarter of 2025 subject to customary conditions. The acquisition expands Specialty's trading companies and distributors network, with Orepac continuing under its brand and current leadership led by Senior VPs Darin Coder and Kris Schroeder.
LBMP, LLC (09/23/2025)
• Swickard Auto Group acquired LBMP, LLC in Portland, OR from Lithia Motors, Inc. for approximately $70 million. This transaction strengthens Swickard's automotive retail presence by adding LBMP's dealership operations.

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.

Q3 2025 | Oregon M&A Insights