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Targets in Utah

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

In Q2 2026, Utah-based target companies recorded 42 M&A transactions in the supplied dataset, with aggregate disclosed transaction value of approximately $3.42 billion across 11 transactions with numeric values. Buyer activity was weighted toward strategic and operating-company acquirers, alongside institutional sponsors including Court Square Capital Management, Energy Capital Partners and Novo Tellus Capital Partners. Only six buyer rows list Utah headquarters, with the balance largely comprising out-of-state and international acquirers. Industrials and technology were the quarter’s dominant themes, representing 13 and 12 transactions, respectively, followed by healthcare with five transactions. The breadth of buyers across construction, environmental services, software, healthcare and resources reinforces Utah’s position as a durable seller and exit market.

The quarter’s largest disclosed transaction was Energy Capital Partners’ agreement to acquire Salt Lake City-based EnergySolutions for an estimated $2.0 billion, representing institutional investment in a significant Utah environmental-services platform. In healthcare, Mitsui Chemicals America agreed to acquire South Jordan-based Ultradent Products for $900 million, supporting the expansion and integration of its broader dental platform. Technology activity included Sitecore’s $225 million acquisition of Salt Lake City-based Excelsa Labs, with Scrunch joining Sitecore and its CEO remaining with the combined organization. Among industrial transactions, Granite Construction acquired Provo-based Kenny Seng Construction for $164.1 million and brought the target’s operating team into Granite.

The quarter reinforced the depth of Utah’s middle-market and institutional M&A environment, with activity spanning sponsor-backed platforms, founder-owned operating companies and resource assets. EnergySolutions alone represented approximately 58.4% of total disclosed value; excluding that transaction, disclosed Q2 value was approximately $1.42 billion. For Utah business owners and sponsors evaluating the exit market, the underlying transaction mix shows buyer interest extending well beyond the state’s technology sector into industrial services, healthcare, construction and specialized operating businesses.

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.

Romex Pest Control, LLC (4/1/2026)
Rollins, Inc. of Atlanta, GA, acquired Romex Pest Control, LLC of Pleasant Grove, UT, for approximately $94.3 million, adding a Utah pest-control operation to Rollins’ platform.
CallTower Inc. (4/2/2026)
Court Square Capital Management, L.P. of New York, NY, acquired a majority stake in CallTower Inc. of South Jordan, UT, backing the communications platform while BV Investment Partners and management retained a minority interest.
Thermal Management Technologies, LLC (4/2/2026)
Phantom Space Corporation of Tucson, AZ, acquired Thermal Management Technologies, LLC of North Logan, UT, retaining the business as a subsidiary and integrating its engineering team into development of Phantom Cloud satellites.
Futurepedia LLC (4/3/2026)
HubSpot, Inc. of Cambridge, MA, acquired Futurepedia LLC of Park City, UT, for $27.7 million, adding Futurepedia’s application-software capabilities to HubSpot.
Ridge Rock, Inc. (4/3/2026)
Pave America, LLC of Warrenton, VA, acquired Ridge Rock, Inc. of Bluffdale, UT, adding a Utah construction and engineering operation to its platform.
Colvin Engineering Associates, Inc. (4/6/2026)
Spectrum Engineers, Inc. of Salt Lake City, UT, acquired Colvin Engineering Associates, Inc. of Salt Lake City, UT, combining it with Spectrum and Envision Engineering to form Lynk Engineers.
EnergySolutions, Inc. (4/6/2026)
Energy Capital Partners, LLC of Summit, NJ, agreed to acquire EnergySolutions, Inc. of Salt Lake City, UT, for an estimated $2 billion, placing the environmental-services business under institutional sponsor ownership.
Envision Engineering, P.C. (4/6/2026)
Spectrum Engineers, Inc. of Salt Lake City, UT, acquired Envision Engineering, P.C. of Salt Lake City, UT, combining it with Spectrum and Colvin Engineering to form Lynk Engineers.
Ford Industries Inc. (4/6/2026)
Avi Integrators Inc. of West Palm Beach, FL, acquired Ford Industries Inc. of Taylorsville, UT, adding Utah-based security and alarm-services capabilities.
TID INC (4/7/2026)
EIS Holdings, LLC of Fort Worth, TX, acquired TID INC of North Salt Lake, UT, adding a Utah construction and engineering business to its operating platform.
Coalatree Organics, LLC (4/14/2026)
Backcountry.com, LLC of Park City, UT, acquired Coalatree Organics, LLC of Salt Lake City, UT, adding a Utah apparel and accessories brand to its consumer portfolio.
Moreton Asset Management, LLC (4/14/2026)
Meeder Public Funds, Inc. of Dublin, OH, acquired Moreton Asset Management, LLC of Farmington, UT, expanding its capabilities and service offering to public entities and institutional clients nationwide.
Two-project 1.8 GWh Battery Energy Storage Portfolio (4/14/2026)
D. E. Shaw Renewable Investments, L.L.C. acquired the Two-project 1.8 GWh Battery Energy Storage Portfolio located in Utah, adding two large-scale battery storage projects to its renewable-energy portfolio.
ClassRanked LLC (4/20/2026)
Coursedog Inc. of New York, NY, acquired ClassRanked LLC of Salt Lake City, UT, integrating ClassRanked as the Course Evaluations product within Coursedog’s Assessment Cloud.
Automatiga LLC (4/21/2026)
qBotica, Inc. of Phoenix, AZ, acquired Automatiga LLC of Herriman, UT, adding Utah-based application-software capabilities to its platform.
Calldrip Inc. (4/21/2026)
CallRevu, LLC of Towson, MD, acquired Calldrip Inc. of Salt Lake City, UT, adding Salt Lake City-based internet-services capabilities to its platform.
Your IA, LLC (4/21/2026)
Associate Owners Group, Inc. of George, UT, acquired Your IA, LLC of Saint George, UT, adding an asset-management business serving advisors across the United States.
Kenny Seng Construction, LLC (4/23/2026)
Granite Construction Incorporated of Watsonville, CA, acquired Kenny Seng Construction, LLC of Provo, UT, for $164.1 million, adding the target’s construction operations and team to Granite.
Team Recovery Technologies, LLC (4/23/2026)
Kipu Health LLC of Miami, FL, acquired Team Recovery Technologies, LLC of Draper, UT, adding healthcare-technology capabilities to its platform.
Robinson Waste Services, LLC (4/30/2026)
Republic Services, Inc. of Phoenix, AZ, agreed to acquire Robinson Waste Services, LLC of Layton, UT, expanding its environmental and waste-services presence in Utah.
Rocky Mountain Nanotechnology LLC (4/30/2026)
Park Systems Corp. of Gwacheon-si, South Korea, acquired Rocky Mountain Nanotechnology LLC of Bountiful, UT, adding electronic-instrument and nanotechnology capabilities.
Interwest Safety Supply, LLC (5/1/2026)
MoboTrex, LLC of Davenport, IA, acquired Interwest Safety Supply, LLC of Phoenix, UT, adding safety and electronic-equipment capabilities to its platform.
Horn Project (5/7/2026)
Diablo Resources Limited of Mount Hawthorn, Australia, acquired an 80% interest in the Horn Project located in Utah for approximately $1.6 million, adding a Utah silver project to its resource portfolio.
Utah Insurance Business Company, Inc./Universal Risk Services, LLC (5/7/2026)
Wesure Global Tech Ltd of Ramat Gan, Israel, entered into a non-binding agreement to acquire Utah Insurance Business Company, Inc./Universal Risk Services, LLC of Utah for $1.2 million, adding Utah insurance operations while retaining key management.
Witt Enterprises Llc (5/14/2026)
Jackson Hole Wildlife Safaris of Jackson, WY, acquired Witt Enterprises Llc of Woodland Hills, UT, adding a Utah travel and hospitality operation to its platform.
RMEC Environmental, LLC (5/18/2026)
Phenna Group Holdings Limited of London, United Kingdom, acquired RMEC Environmental, LLC of Bountiful, UT, adding Utah environmental and facilities-services capabilities.
Secuvant, LLC (5/22/2026)
Cycurion, Inc. of McLean, VA, agreed to acquire Secuvant, LLC of West Jordan, UT, for approximately $3.2 million, adding cybersecurity and application-software capabilities to its platform.
UVnetworks LLC (5/26/2026)
Paessler GmbH of Nuremberg, Germany, acquired UVnetworks LLC of Highland, UT, adding network discovery and topology expertise while bringing its co-founder into Paessler leadership.
Diamond Mountain Phosphate Project (6/1/2026)
Canadian Phosphate Limited of Perth, Australia, agreed to acquire the Diamond Mountain Phosphate Project located in Utah for up to $3 million, adding a Utah phosphate resource to its portfolio.
TecServ, Inc. (6/1/2026)
Nexus IT Consultants LLC of Salt Lake City, UT, acquired TecServ, Inc. of Salt Lake City, UT, advancing Nexus IT’s programmatic M&A growth strategy.
Excelsa Labs, Inc. (6/3/2026)
Sitecore Corporation A/S of Copenhagen, Denmark, acquired Excelsa Labs, Inc. of Salt Lake City, UT, for $225 million, bringing Scrunch into Sitecore while retaining its chief executive in the combined organization.
Mountain West Medical Supply L.L.C (6/3/2026)
United Energy Workers Healthcare of Riverton, WY, acquired Mountain West Medical Supply L.L.C of Sandy, UT, adding a Utah healthcare-distribution business to its platform.
ComplianceGO, LLC (6/4/2026)
SwiftComply US Opco, Inc. of Pleasanton, CA, acquired ComplianceGO, LLC of Orem, UT, adding Utah-based compliance software capabilities to its platform.
Additional hectares (6/8/2026)
Revival Gold (Utah) Inc. agreed to acquire additional hectares located in Utah for approximately $1.9 million, expanding its Utah mineral-project footprint.
Mechanical Service & Systems, Inc. (6/10/2026)
PremiStar, LLC of Deerfield, IL, acquired Mechanical Service & Systems, Inc. of Salt Lake City, UT, adding Utah mechanical construction and service capabilities.
Ultradent Products, Inc. (6/12/2026)
Mitsui Chemicals America, Inc. agreed to acquire Ultradent Products, Inc. of South Jordan, UT, for $900 million, expanding its dental platform and integrating Ultradent with the broader Kulzer organization.
SteriGear LLC (6/16/2026)
HR HealthCare of York, PA, acquired SteriGear LLC of Pleasant Grove, UT, adding its healthcare-supplies business while transitioning the SteriGear brand into HR HealthCare and retaining the Fig Leaf brand.
Healthicity, LLC (6/17/2026)
Compliancy Group, LLC. of Greenlawn, NY, acquired Healthicity, LLC of Draper, UT, adding healthcare-technology and compliance capabilities to its platform.
TAP, Inc. (6/23/2026)
Fintech.TV, PBC of Woodbury, NY, agreed to acquire TAP, Inc. of Salt Lake City, UT, adding market intelligence, advisory services, investment connectivity, payment systems and related intellectual property to its platform.
Additional Claims (6/29/2026)
Infield Minerals Corp. of Vancouver, Canada, acquired additional claims located in Utah through staking, expanding its Detroit property mineral position.
DataFeedWatch (6/30/2026)
Revmatics Inc. of Lehi, UT, acquired DataFeedWatch of Lehi, UT, adding an application-software business to its technology platform.
Russell Mineral Equipment Inc. (6/30/2026)
Novo Tellus Capital Partners of Singapore, Singapore, acquired an undisclosed minority stake in Russell Mineral Equipment Inc. of Murray, UT, providing institutional growth capital to the industrial-machinery 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.

Q2 2026 | Utah M&A Insights

Q3 2026 | Utah M&A Insights

Q1 2026 | Utah M&A Insights