2025 Year in Review | Utah M&A Insights
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.
2025 - National Transaction Value ($bn) and Transaction Count
Targets in Utah
Utah - Transaction Value and Count by Month
Utah M&A Overview — Business Sale Activity for M&A Targets
Utah’s 2025 M&A market demonstrated exceptional breadth and scale, with over 130 announced transactions spanning technology, alternative asset management, energy and mining, healthcare, industrials, financial services, and consumer sectors. The year was defined by a series of marquee platform acquisitions that reinforced Utah’s national relevance. Most notably, Apollo Global Management, Inc. acquired Bridge Investment Group Holdings Inc. in transactions totaling more than $1.3 billion, underscoring Salt Lake City’s emergence as a meaningful alternative asset management hub. In the consumer and franchise space, Bain Capital, LP acquired Sizzling Platter, LLC for $1.0 billion, highlighting private equity’s continued appetite for scalable, cash-flowing consumer platforms headquartered in the Mountain West.
Strategic acquirers were equally active across industrials, construction materials, and infrastructure. CRH plc’s $2.1 billion acquisition of Eco Material Technologies Inc. represented one of the year’s largest disclosed transactions and reinforced Utah’s position in sustainable construction and green materials innovation. In advanced manufacturing and specialty materials, USS HardTech, LLC acquired US Synthetic Corporation for $300 million, while technology and software consolidation continued through transactions such as Paychex, Inc.’s $85 million acquisition of SixFifty Technologies, LLC and Accel-KKR LLC’s acquisition of Arbiter, LLC. These deals reflect sustained buyer conviction in Utah’s technology ecosystem, particularly in vertical SaaS, compliance automation, and workflow software.
Energy transition and natural resources also played a visible role throughout 2025, with multiple mineral rights, uranium, copper, lithium, and precious metals transactions reinforcing Utah’s strategic resource footprint. Renewable energy consolidation accelerated as well, including Complete Solar, Inc.’s acquisition of Sunder Energy LLC for $55.97 million and SunPower Inc.’s acquisition of Ambia Energy, LLC. Financial services and wealth management saw continued roll-ups, highlighted by Virtus Investment Partners, Inc.’s $370 million acquisition of Keystone National Group, LLC and multiple insurance brokerage consolidations across the state.
For Utah business owners, 2025 confirms a clear theme: national strategic and private equity buyers remain highly active across the Mountain West, seeking scalable platforms, differentiated intellectual property, recurring revenue models, and strong regional leadership. From Salt Lake City and Lehi’s technology corridor to advanced manufacturing, healthcare innovation, and energy assets statewide, Utah continues to command meaningful attention in both middle-market and large-cap M&A markets.
Utah — Strategic vs. Sponsor-led Activity
Utah — X / Y Plot By Sector
Utah — M&A Segmentation
Utah — Sector Breakdown
Second Level Primary Industry Breakdown
Utah 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.
1. Griffco Partners, Inc. (1/2/2025)
Vision Graphics, LLC of Salt Lake City, UT, acquired Griffco Partners, Inc. of Salt Lake City, UT, consolidating local market presence and strengthening its comprehensive graphics and design capabilities.
2. Health Line International Corporation (1/8/2025)
Delta Med S.p.A. acquired Health Line International Corporation of Salt Lake City, UT, strengthening its healthcare technology and medical device capabilities in the North American market.
3. Red Star Copper Project (1/8/2025)
Pacific Ridge Exploration Ltd. acquired Red Star Copper Project for $3.76M, expanding its copper exploration portfolio and mineral resource base.
4. KT Health, LLC (1/14/2025)
Bridges Consumer Healthcare, LLC of Chattanooga, TN, acquired KT Health, LLC of Lindon, UT, strengthening its portfolio of therapeutic and sports medicine products.
5. Stage Marketing, LLC (1/22/2025)
Ampleo LLC of Lehi, UT, acquired Stage Marketing, LLC of Pleasant Grove, UT, strengthening its digital marketing and brand development capabilities within the Utah market.
6. Flooring Technologies Inc. (1/24/2025)
Leap Tools Inc. acquired Flooring Technologies Inc. of South Jordan, UT, expanding its portfolio of specialized flooring equipment and installation solutions.
7. Applied Composite Technology Aerospace, Inc. (2/3/2025)
The Thermal Group of Endicott, NY, acquired Applied Composite Technology Aerospace, Inc. of Gunnison, UT, strengthening its advanced materials capabilities in the aerospace sector.
8. Peak Business Valuation, LLC (2/4/2025)
Ampleo LLC of Lehi, UT, acquired Peak Business Valuation, LLC of Lehi, UT, adding specialized valuation expertise to strengthen its professional services capabilities.
9. Eccovia Solutions Inc (2/12/2025)
CaseWorthy, Inc. of Salt Lake City, UT, acquired Eccovia Solutions Inc of Salt Lake City, UT, consolidating local social services software capabilities and strengthening its position in the human services technology market.
10. Lender Feed, LC (2/13/2025)
Ownco, LLC of Cottonwood Heights, UT, acquired Lender Feed, LC of Murray, UT, strengthening its financial technology capabilities and data services platform.
11. Assets of Phoenix Project (2/18/2025)
Diablo Resources Limited acquired Assets of Phoenix Project, expanding its mineral exploration and development portfolio.
12. Wasatch Software, Inc. (2/18/2025)
Cyber Advisors, LLC of Maple Grove, MN, acquired Wasatch Software, Inc. of Salt Lake City, UT, strengthening its technology consulting capabilities and expanding its software development expertise across the Mountain West region.
13. Bridge Investment Group Holdings Inc. (2/24/2025)
Apollo Global Management, Inc. of New York, NY, acquired Bridge Investment Group Holdings Inc. of Salt Lake City, UT for $433.27M, strengthening its alternative investment platform with enhanced real estate and credit capabilities.
14. Bridge Investment Group Holdings LLC (2/24/2025)
Apollo Global Management, Inc. of New York, NY, acquired Bridge Investment Group Holdings LLC of Salt Lake City, UT for $930.13M, consolidating its alternative investment platform with Bridge's specialized real estate and credit strategies.
15. Curatus, LLC (2/24/2025)
Retrieve Medical Holdings Inc of Bedminster, NJ, acquired Curatus, LLC of Provo, UT, strengthening its medical technology portfolio and expanding capabilities in the healthcare solutions market.
16. GETOUTPASS, LLC (2/24/2025)
Pogo Pass, LLC of American Fork, UT, acquired GETOUTPASS, LLC of Provo, UT, consolidating its position in the Utah recreational activities and entertainment pass market.
17. US Synthetic Corporation (2/25/2025)
USS HardTech, LLC acquired US Synthetic Corporation of Orem, UT for $300M, strengthening its position in the synthetic diamond and industrial materials market.
18. Compliatric (3/4/2025)
Ntracts, Inc. of Chattanooga, TN, acquired Compliatric of Salt Lake City, UT, strengthening its compliance technology capabilities and expanding its regulatory solutions portfolio.
19. Sevillo Fine Foods, Inc (3/5/2025)
Woodland Foods, LLC of Waukegan, IL, acquired Sevillo Fine Foods, Inc of Salt Lake City, UT, reinforcing its specialty food distribution capabilities and expanding its geographic reach into the Mountain West region.
20. Mod Truck LLC (3/7/2025)
Private Investor acquired Mod Truck LLC of Bluffdale, UT, strengthening its position in the commercial vehicle modification and customization market.
21. GoSkip, Inc. (3/11/2025)
PAR Technology Corporation of New Hartford, NY, acquired GoSkip, Inc. of South Jordan, UT for $4.8M, strengthening its restaurant technology solutions with enhanced mobile ordering and customer engagement capabilities.
22. Advanced Forming Technologies, LLC (3/14/2025)
Superior Concrete Products, LLC of Euless, TX, acquired Advanced Forming Technologies, LLC of Salt Lake City, UT, strengthening its concrete forming capabilities and expanding its geographic presence into the Mountain West region.
23. Alpro SD, LLC (3/17/2025)
Wasatch RNG LLC acquired Alpro SD, LLC of Salt Lake City, UT, strengthening its renewable natural gas development capabilities in the Mountain West region.
24. Spidexx Pest Control FL, LLC (3/18/2025)
Greenix Holdings LLC of Marlton, NJ, acquired Spidexx Pest Control FL, LLC of Saint George, UT, consolidating its position in the western U.S. pest control market.
25. Complete Communications, Inc. (3/19/2025)
Bridgepointe Technologies, LLC acquired Complete Communications, Inc. of Murray, UT, strengthening its telecommunications service capabilities and expanding its presence in the Utah market.
26. Galaxi Networks, Inc. (3/25/2025)
SAVI IQ, Inc. of South Jordan, UT, acquired Galaxi Networks, Inc. of South Jordan, UT, strengthening its technology infrastructure and network capabilities within the local market.
27. Doubloon, LLC (3/28/2025)
Lashbrook Designs of Draper, UT, acquired Doubloon, LLC of Draper, UT, consolidating local design and manufacturing capabilities within the same market.
28. 49 claims of Coyote Creek Project (4/1/2025)
EV Resources Limited acquired 49 claims of Coyote Creek Project for $0.08M, expanding its mineral exploration portfolio and land position in the region.
29. Tram Electric, Inc. (4/1/2025)
Integrated Power Services, LLC of Greenville, SC, acquired Tram Electric, Inc. of Price, UT, strengthening its electrical services capabilities in the Mountain West region.
30. Saela Denver, LLC (4/2/2025)
Rollins, Inc. of Atlanta, GA, acquired Saela Denver, LLC of Orem, UT, strengthening its pest control services footprint in the Mountain West region.
31. Radix RDX LLC (4/8/2025)
Empower Solar, Inc. of Clovis, CA, acquired Radix RDX LLC of Logan, UT, strengthening its solar installation capabilities and expanding its geographic footprint in the Mountain West region.
32. Sizzling Platter, LLC (4/10/2025)
Bain Capital, LP of Boston, MA, acquired Sizzling Platter, LLC of Murray, UT for $1,000.00M, consolidating its position in the casual dining and restaurant franchise sector.
33. CenExel Clinical Research, Inc. (4/14/2025)
BayPine LP of Boston, MA, acquired CenExel Clinical Research, Inc. of Salt Lake City, UT, strengthening its clinical research capabilities and expanding its presence in the life sciences sector.
34. Goal Zero LLC (4/15/2025)
BioLite Inc. of Brooklyn, NY, acquired Goal Zero LLC of Draper, UT, consolidating its position in the portable power and outdoor energy solutions market.
35. Pedestal PRO, LLC (4/17/2025)
ASSA ABLOY AB (publ) acquired Pedestal PRO, LLC of Lindon, UT, strengthening its portfolio of physical security and access control solutions for commercial applications.
36. Royalty on Milford Property (4/28/2025)
ETM UT Inc. of South Jordan, UT, acquired Royalty on Milford Property for $0.7M, adding mineral rights and royalty income streams to its investment portfolio.
37. NexTalk, Inc. (5/1/2025)
Undisclosed Buyer acquired NexTalk, Inc. of Murray, UT, advancing its communications technology capabilities and customer engagement solutions.
38. Winder Farms, Inc. (5/1/2025)
Private Investor acquired Winder Farms, Inc. of West Valley City, UT, consolidating its position in the regional dairy and home delivery market.
39. Bryce Glamp and Camp, LLC (5/6/2025)
Nationwide RV & Resorts, Inc. of Minot, ND, acquired Bryce Glamp and Camp, LLC of Cannonville, UT for $3.6M, expanding its portfolio into the growing glamping market near Utah's national parks.
40. SpeakWorks, Inc. (5/8/2025)
Turning Tech Intermediate, Inc. of Youngstown, OH, acquired SpeakWorks, Inc. of Orem, UT, strengthening its voice technology and communication solutions capabilities.
41. Illumination Enterprises Inc. (5/13/2025)
Investor Group acquired Illumination Enterprises Inc. of West Jordan, UT, strengthening its portfolio of lighting and electrical solutions businesses.
42. S&S Mechanical ST George, Corp (5/13/2025)
The SEER Group, LLC of Lynnwood, WA, acquired S&S Mechanical ST George, Corp of Saint George, UT, expanding its mechanical services footprint into the Utah market.
43. InMoment, Inc. (5/14/2025)
Forsta group of New York, NY, acquired InMoment, Inc. of South Jordan, UT, consolidating its customer experience and feedback management platform capabilities.
44. Cooper Savas, LLC (5/15/2025)
Armanino Advisory LLC of San Ramon, CA, acquired Cooper Savas, LLC of Salt Lake City, UT, strengthening its professional services capabilities in the Mountain West region.
45. DecisionWise, LLC (5/15/2025)
TMA B.V. acquired DecisionWise, LLC of Springville, UT, strengthening its employee engagement and organizational development capabilities.
46. 49 Mining Claims (5/19/2025)
Trigg Minerals Limited acquired 49 Mining Claims for $1.43M, consolidating its mineral exploration footprint and resource development capabilities.
47. RCS RMC, Inc. (5/28/2025)
Karman Holdings Inc. of Huntington Beach, CA, acquired RCS RMC, Inc. of Cedar City, UT for $60.24M, consolidating its presence in the Utah market and strengthening regional operations.
48. Mcdonnell Holdings, LLC (5/29/2025)
Strata Landscape Services of Whittier, CA, acquired Mcdonnell Holdings, LLC of Bluffdale, UT, strengthening its commercial landscaping presence in the Mountain West region.
49. Riggs Capital Management, LLC (5/30/2025)
Merit Financial Group, LLC of Alpharetta, GA, acquired Riggs Capital Management, LLC of American Fork, UT, strengthening its wealth management capabilities and expanding its geographic presence in the Mountain West region.
50. SixFifty Technologies, LLC (5/31/2025)
Paychex, Inc. of Rochester, NY, acquired SixFifty Technologies, LLC of Salt Lake City, UT for $85M, bolstering its HR technology capabilities with advanced automation and legal compliance solutions.
51. Mazree, LLC (6/3/2025)
SpendMend LLC of Grand Rapids, MI, acquired Mazree, LLC of Salt Lake City, UT, reinforcing its healthcare cost management and procurement analytics capabilities.
52. Pan-Am West (6/3/2025)
Catalis Dental Lab Partners of Tempe, AZ, acquired Pan-Am West of Sandy, UT, strengthening its dental laboratory services footprint in the Mountain West region.
53. Bonrue Bakery (6/4/2025)
Savory Fund of Lehi, UT, acquired Bonrue Bakery of Saint George, UT, expanding its portfolio of artisanal food and bakery operations across Utah.
54. Coyote Knoll Project (6/4/2025)
Triumph Gold Corp. acquired Coyote Knoll Project for $3.98M, expanding its mineral exploration portfolio and strengthening its presence in North American gold development opportunities.
55. Mineral Claims (6/5/2025)
Lithium Energy Limited acquired Mineral Claims, expanding its portfolio of lithium exploration assets to strengthen its position in the battery metals sector.
56. Tesani Insurance Group LLC. (6/13/2025)
ALKEME Intermediary Holdings, LLC of Ladera Ranch, CA, acquired Tesani Insurance Group LLC. of Provo, UT, strengthening its insurance intermediary platform in the Mountain West region.
57. Alta Management Solutions, LLC (6/16/2025)
Cosentus, LLC of Irvine, CA, acquired Alta Management Solutions, LLC of Bountiful, UT, strengthening its management consulting capabilities in the Mountain West region.
58. Occupational Fitness, Inc. (6/19/2025)
ASA Safety Supply of Lawrenceville, GA, acquired Occupational Fitness, Inc. of Cedar City, UT, strengthening its workplace health and safety services capabilities.
59. Blue Valley Insurance Agency/Miller & Associates Insurance Advisors (6/24/2025)
ALKEME INC. of Ladera Ranch, CA, acquired Blue Valley Insurance Agency/Miller & Associates Insurance Advisors, consolidating its insurance brokerage capabilities and expanding its client base across multiple advisory specialties.
60. Larry H. Miller Chevrolet/Larry H. Miller Ford/Larry H. Miller Chrysler Jeep Dod (6/30/2025)
Salt Lake Valley Auto Group of Salt Lake City, UT, acquired Larry H. Miller Chevrolet/Larry H. Miller Ford/Larry H. Miller Chrysler Jeep Dodge, consolidating its multi-brand dealership presence in the Utah automotive market.
61. Now CFO, LLC (6/30/2025)
CenterOak Partners LLC of Dallas, TX, acquired Now CFO, LLC of Salt Lake City, UT, strengthening its portfolio of financial services and accounting solutions for middle-market businesses.
62. Certain Insurance Assets (7/1/2025)
BroadStreet Partners, Inc. of Columbus, OH, acquired Certain Insurance Assets, strengthening its insurance portfolio and expanding its presence in the specialty insurance sector.
63. Startup Stack, Inc. (7/2/2025)
Boss Startup Science, LLC of San Marcos, CA, acquired Startup Stack, Inc. of Farmington, UT, consolidating its startup development and technology acceleration capabilities.
64. 5% Rooyalty on Milford Mine (7/7/2025)
Empress Royalty Corp. acquired 5% Royalty on Milford Mine for $3M, strengthening its mineral rights portfolio and expanding exposure to precious metals production.
65. Commerce Logic, LLC (7/15/2025)
Fleetworthy Solutions, Inc. of Albany, NY, acquired Commerce Logic, LLC of Lehi, UT, strengthening its technology capabilities and expanding its fleet management solutions platform.
66. Baxter BIM, LLC (7/17/2025)
ENG BIM of Newport Beach, CA, acquired Baxter BIM, LLC of Orem, UT, consolidating building information modeling capabilities and strengthening its presence in the Utah construction technology market.
67. Level Nine Sports, INC. (7/24/2025)
Backcountry.com, LLC of Park City, UT, acquired Level Nine Sports, INC. of Woods Cross, UT, strengthening its outdoor gear and sporting goods capabilities in the Utah market.
68. Eco Material Technologies Inc. (7/29/2025)
CRH plc acquired Eco Material Technologies Inc. of South Jordan, UT for $2,100.00M, advancing its sustainable construction materials capabilities and green building solutions portfolio.
69. Olympus Wealth Management, LLC (7/29/2025)
Lido Advisors, LLC of Los Angeles, CA, acquired Olympus Wealth Management, LLC of Cottonwood Heights, UT, strengthening its presence in the Mountain West region's high-net-worth advisory market.
70. EQV Ventures Acquisition Corp. (8/5/2025)
Presidio Petroleum LLC of Fort Worth, TX, acquired EQV Ventures Acquisition Corp. of Park City, UT for $660M, consolidating energy assets and strengthening its position in the upstream oil and gas sector.
71. Red Antler Silver-Gold Epithermal Vein Project (8/5/2025)
Almadex Minerals Ltd. acquired Red Antler Silver-Gold Epithermal Vein Project, advancing its precious metals exploration portfolio with high-grade epithermal vein deposits.
72. Wtr Engineering, Llc (8/5/2025)
ATLAS-SSI, Inc. of Monticello, MS, acquired Wtr Engineering, Llc of Salt Lake City, UT, strengthening its water infrastructure engineering capabilities and expanding its geographic footprint into the Mountain West region.
73. High End Financial, LLC (8/6/2025)
Soltis Investment Advisors, LLC of Saint George, UT, acquired High End Financial, LLC of Lehi, UT, strengthening its wealth management capabilities in the Utah market.
74. Bodell Construction Co. (8/7/2025)
Aecon Group Inc. acquired Bodell Construction Co. of Salt Lake City, UT, expanding its construction operations into the Utah market and strengthening its presence across the western United States.
75. Jordan River Insurance LLC (8/13/2025)
ALKEME Intermediary Holdings, LLC of Ladera Ranch, CA, acquired Jordan River Insurance LLC of South Jordan, UT, strengthening its insurance intermediary platform in the Utah market.
76. PURE Healthcare, LLC (8/13/2025)
AleraCare Holdings, LLC of Phoenix, AZ, acquired PURE Healthcare, LLC of Taylorsville, UT, strengthening its healthcare services platform in the Mountain West region.
77. ZERO Manufacturing, Inc. (8/15/2025)
Rockwood Equity Partners, LLC of Denver, CO, acquired ZERO Manufacturing, Inc. of North Salt Lake, UT, strengthening its portfolio of specialty manufacturing and industrial solutions companies.
78. 20 Patented Mining Claims (8/18/2025)
Trigg Minerals Limited acquired 20 Patented Mining Claims for $1.9M, consolidating its mineral rights portfolio and strengthening its position in strategic mining territories.
79. Jolt Software, Inc. (8/18/2025)
Digi Smartsense, LLC of Boston, MA, acquired Jolt Software, Inc. of Lehi, UT for $145.5M, strengthening its digital operations management platform with advanced task automation and workforce compliance capabilities.
80. Commercial Asset Preservation,LLC (8/19/2025)
TCG Services LLC of El Dorado, KS, acquired Commercial Asset Preservation, LLC of Salt Lake City, UT, expanding its property preservation and maintenance capabilities across western markets.
81. Martin Worley Group (8/20/2025)
Sequoia Financial Group, LLC of Akron, OH, acquired Martin Worley Group of Cottonwood Heights, UT, expanding its wealth management capabilities in the Mountain West region.
82. Provo Police & Fire Department Credit Union (8/20/2025)
Freedom Credit Union of Provo, UT, acquired Provo Police & Fire Department Credit Union of Provo, UT, consolidating local credit union services and expanding its membership base within the public safety community.
83. Certain assets of Medsphere Systems Corporation (8/22/2025)
CareCloud, Inc. of Somerset, NJ, acquired certain assets of Medsphere Systems Corporation for $16.5M, strengthening its healthcare technology platform and expanding its clinical software capabilities.
84. Star Project (8/27/2025)
Alcon Silver Corp. acquired Star Project for $0.2M, strengthening its mineral exploration portfolio with additional development-stage assets.
85. Gunnison Telephone Company (9/2/2025)
Central Utah Telephone Inc. of Fairview, UT, acquired Gunnison Telephone Company of Gunnison, UT, consolidating telecommunications infrastructure and expanding its rural Utah service footprint.
86. Global Organics Merchants, LLC (9/3/2025)
LifeVantage Corporation of Lehi, UT, acquired Global Organics Merchants, LLC of Provo, UT, strengthening its organic product sourcing capabilities and supply chain infrastructure.
87. Truvy LLC (9/5/2025)
Zinzino AB (publ) acquired Truvy LLC of Draper, UT for $17.51M, strengthening its direct-to-consumer health and wellness product portfolio in the North American market.
88. RocketSource, LLC (9/9/2025)
Incubeta UK Limited acquired RocketSource, LLC of South Jordan, UT, strengthening its digital marketing capabilities and expanding its presence in the Utah market.
89. Avalaunch Media, LLC (9/10/2025)
Ampleo LLC of Lehi, UT, acquired Avalaunch Media, LLC of Lehi, UT, strengthening its digital marketing and media capabilities through this local consolidation.
90. Two Low Power TV Stations (9/11/2025)
Lowcountry 34 Media, LLC of Beaufort, SC, acquired Two Low Power TV Stations for $0.03M, expanding its local broadcasting footprint and strengthening its regional media presence.
91. Green Vein Mesa Claims (9/16/2025)
Terra Clean Energy Corp. acquired Green Vein Mesa Claims for $0.21M, expanding its renewable energy asset portfolio with strategic mineral claims positioned for clean energy development.
92. Sunder Energy LLC (9/22/2025)
Complete Solar, Inc. of Orem, UT, acquired Sunder Energy LLC of South Jordan, UT for $55.97M, consolidating its regional solar installation and renewable energy services footprint.
93. American Insurance & Investment Corp. (9/23/2025)
Digital Insurance, LLC of Atlanta, GA, acquired American Insurance & Investment Corp. of Salt Lake City, UT, expanding its presence in the western U.S. insurance and investment services market.
94. Arbiter, LLC (9/23/2025)
Accel-KKR LLC of Menlo Park, CA, acquired Arbiter, LLC of Sandy, UT, strengthening its portfolio of sports officiating and management technology solutions.
95. Alpine Testing Solutions, Inc. (9/30/2025)
Volaris Group Inc. acquired Alpine Testing Solutions, Inc. of Orem, UT, strengthening its software testing and quality assurance capabilities within its vertical market software portfolio.
96. Drum Property (9/30/2025)
Silver Range Resources Ltd. acquired Drum Property, expanding its mineral exploration and resource development portfolio.
97. S3 Software Solutions LLC (9/30/2025)
Crush Software Solutions LLC of Salt Lake City, UT, acquired S3 Software Solutions LLC of Salt Lake City, UT, consolidating local market presence and strengthening its software development capabilities.
98. Star Range Silver-Antimony Project (10/1/2025)
Diablo Resources Limited acquired Star Range Silver-Antimony Project for $41.67M, expanding its precious and specialty metals portfolio with strategic antimony assets.
99. Bamboo Ide8 Insurance Services, LLC (10/3/2025)
CVC Capital Partners plc acquired Bamboo Ide8 Insurance Services, LLC of UT for $848M, strengthening its portfolio of specialty insurance and financial services platforms.
100. Carrier Holdings, LLC (10/7/2025)
Bluewave Technology Group, LLC of San Clemente, CA, acquired Carrier Holdings, LLC of Murray, UT, strengthening its technology solutions portfolio and expanding its presence in the Mountain West region.
101. Equipment Leases Inc. (10/7/2025)
Commercial Funding Partners, LLC of Draper, UT, acquired Equipment Leases Inc. of Draper, UT, consolidating its equipment financing capabilities within the local market.
102. Helpside, LLC (10/9/2025)
High Road Peo, LLC of Nampa, ID, acquired Helpside, LLC of Lindon, UT, strengthening its professional employer organization services and expanding its client base across the Mountain West region.
103. South Lisbon Valley East Property (10/14/2025)
Atomic Minerals Corporation acquired South Lisbon Valley East Property, expanding its uranium exploration footprint in Utah's prolific Lisbon Valley mining district.
104. Exit Ventures (10/20/2025)
KittyHawk Ventures LLC of Santa Monica, CA, acquired Exit Ventures of Holladay, UT, strengthening its venture capital portfolio and expanding its presence in the Mountain West investment market.
105. Vive Financial Credit Card Receivables Portfolio Of PROG Holdings, Inc. (10/22/2025)
Fortiva Funding, LLC of Atlanta, GA, acquired Vive Financial Credit Card Receivables Portfolio Of PROG Holdings, Inc. for $150M, consolidating its consumer credit portfolio and expanding its receivables management capabilities.
106. Assets Of Poulton Associates LLC (10/24/2025)
Wright National Flood Insurance Services, LLC of Clearwater, FL, acquired Assets Of Poulton Associates LLC, strengthening its flood insurance service capabilities and client portfolio.
107. Snow and Probe Mine (10/27/2025)
Urano Energy Corp. acquired Snow and Probe Mine for $0.19M, expanding its uranium exploration and mining asset portfolio.
108. LHM RCD, LLC (10/28/2025)
Young Automotive Group, LLC of Layton, UT, acquired LHM RCD, LLC of Riverdale, UT, consolidating its presence in the Utah automotive market.
109. WCEC Engineers, Inc. (10/28/2025)
Info Tech Operating LLC of Gainesville, FL, acquired WCEC Engineers, Inc. of Salt Lake City, UT, bolstering its engineering capabilities and geographic presence in the Mountain West region.
110. Zion Fire & Security (10/28/2025)
Pye-Barker Fire & Safety, LLC of Alpharetta, GA, acquired Zion Fire & Security of Saint George, UT, expanding its fire protection and security services footprint into the Utah market.
111. Forsgren Associates Inc. (11/3/2025)
Apex Companies, LLC of Rockville, MD, acquired Forsgren Associates Inc. of Salt Lake City, UT, strengthening its engineering and environmental consulting capabilities in the western United States.
112. Cache Valley Photonics, Inc. (11/10/2025)
FOSS A/S acquired Cache Valley Photonics, Inc. of Logan, UT for $38.78M, strengthening its analytical instrumentation capabilities through advanced photonics technology.
113. Inertial Sense LLC (11/10/2025)
Hexagon AB (publ) acquired Inertial Sense LLC of Provo, UT, strengthening its portfolio of precision positioning and navigation technologies for autonomous systems and robotics applications.
114. Ambia Energy, LLC (11/11/2025)
SunPower Inc. of Fremont, CA, acquired Ambia Energy, LLC of Lindon, UT for $34.36M, strengthening its distributed solar and energy storage capabilities in the Mountain West region.
115. Tonic Health LLC (11/12/2025)
Luma Health, Inc. of San Mateo, CA, acquired Tonic Health LLC of Murray, UT, strengthening its patient engagement and healthcare communication platform capabilities.
116. Innovasis, Inc. (11/14/2025)
Roots Equity Group LLC acquired Innovasis, Inc. of Salt Lake City, UT, strengthening its portfolio of healthcare technology and medical device innovation companies.
117. CanQualify, LLC (11/18/2025)
Asap Drug Solutions, Inc of Torrance, CA, acquired CanQualify, LLC of Lehi, UT, strengthening its pharmaceutical compliance and qualification capabilities.
118. Blue Eye Corporation (11/19/2025)
Motorola Solutions, Inc. of Chicago, IL, acquired Blue Eye Corporation of Salt Lake City, UT, advancing its video security and surveillance technology capabilities for public safety and enterprise customers.
119. Nebo Credit Union (11/20/2025)
Cyprus Federal Credit Union of West Jordan, UT, acquired Nebo Credit Union of Springville, UT, consolidating its presence in Utah's credit union market.
120. Green Dot Corp.�s Non-Bank Assets And Operations (11/24/2025)
Smith Ventures of Birmingham, AL, acquired Green Dot Corp.'s Non-Bank Assets And Operations for $690M, expanding its fintech capabilities and payment processing infrastructure.
121. Green Dot Corporation (11/24/2025)
CommerceOne Financial Corporation of Birmingham, AL, acquired Green Dot Corporation of Provo, UT for $1,111.90M, strengthening its fintech capabilities and prepaid financial services platform.
122. Undisclosed Insurance Agency (11/26/2025)
Inszone Insurance Services, Inc of Rancho Cordova, CA, acquired an undisclosed insurance agency, consolidating its position in the regional insurance brokerage market.
123. Ascent Federal Credit Union (12/1/2025)
Goldenwest Federal Credit Union of Washington Terrace, UT, acquired Ascent Federal Credit Union of Ogden, UT, consolidating its presence in the northern Utah market.
124. Petersen Medical, LLC (12/1/2025)
Norco, Inc. of Boise, ID, acquired Petersen Medical, LLC of Kaysville, UT, strengthening its healthcare product distribution capabilities in the Mountain West region.
125. Red Leaf Resources, Inc. (12/1/2025)
Questerre Energy Corporation acquired Red Leaf Resources, Inc. of Salt Lake City, UT for $3.78M, strengthening its unconventional energy technology portfolio and oil shale development capabilities.
126. Keystone National Group, LLC (12/5/2025)
Virtus Investment Partners, Inc. of Hartford, CT, acquired Keystone National Group, LLC of Salt Lake City, UT for $370M, strengthening its wealth management capabilities and expanding its presence in the western U.S. market.
127. Safety Management Services, Inc. (12/9/2025)
JENSEN HUGHES, Inc. of Baltimore, MD, acquired Safety Management Services, Inc. of West Jordan, UT, strengthening its comprehensive safety consulting and risk management capabilities.
128. SchedMD LLC (12/15/2025)
NVIDIA Corporation of Santa Clara, CA, acquired SchedMD LLC of Lehi, UT, strengthening its high-performance computing capabilities through advanced workload management and job scheduling software solutions.
129. Wray Mesa Project (12/15/2025)
Undisclosed Buyer acquired Wray Mesa Project for $0.11M, adding strategic real estate assets to its investment portfolio.
130. GlobalSim, Inc. (12/16/2025)
CM Labs Simulations Inc. acquired GlobalSim, Inc. of Sandy, UT, strengthening its position in the simulation software market and expanding its technological capabilities.
131. The Better Being Co., LLC (12/16/2025)
Snapdragon Capital Partners LLC of Riverside, CT, acquired The Better Being Co., LLC of Salt Lake City, UT, strengthening its portfolio in the health and wellness consumer products sector.
132. Conservice, LLC (12/22/2025)
TPG Capital, L.P. of San Francisco, CA, acquired Conservice, LLC of River Heights, UT, strengthening its portfolio of utility management and billing services for multifamily and commercial properties.
133. Vara 3D Inc. (12/23/2025)
ZenaTech, Inc., acquired Vara 3D Inc. of Murray, UT, advancing its technology capabilities in three-dimensional printing and manufacturing solutions.
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.
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