Q1 2026 | Washington M&A Insights

Washington M&A TrendsWashington Deal Activity

Apr 1

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.

Targets in Washington

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

In Q1 2026, Washington-based target companies recorded 64 M&A transactions, with aggregate disclosed transaction value of approximately $3.55 billion across nine transactions with numeric values in the source data. The $1.9 billion acquisition of three Washington power plants and related utility operations represented approximately 53.6% of total disclosed value; excluding that transaction, disclosed value totaled approximately $1.65 billion. Strategic acquirers accounted for much of the activity, alongside financial sponsors and institutional investors such as Altaris, EXA Capital, MetLife Investment Management, and Manulife. Buyers were predominantly headquartered outside Washington, while application software, asset and wealth management, and construction and engineering were the quarter’s most active sector themes, reinforcing Washington’s breadth as a market for strategic and sponsor-backed exits.

The quarter’s largest transaction was the $1.9 billion agreement by Portland General Electric, Manulife Infrastructure Fund III, and John Hancock Life Insurance Company to acquire three power plants and related Washington utility operations from PacifiCorp, creating a jointly owned energy platform led by Portland General Electric. Technology produced another major transaction with Accenture’s $1.2 billion agreement to acquire Seattle-based Ookla, adding brands including Speedtest, Ekahau, Downdetector, and RootMetrics. In aerospace and industrials, Loar Holdings acquired Renton-based Harper Engineering Company for $250 million, adding approximately 85 employees across two Seattle-area facilities. Real-estate activity included MetLife Investment Management’s $84 million acquisition of Westlake Center Office Tower and Felton Properties’ $49 million acquisition of Redstone I, while Vireo Growth’s acquisition of Vancouver-based Hawthorne Gardening Company carried a $49 million value in the source transaction-value field.

The quarter reinforced Washington’s diverse exit environment, with multibillion-dollar infrastructure and technology transactions occurring alongside sustained middle-market activity in software, professional services, engineering, wealth management, healthcare, and industrial businesses. For founder-owners and sponsors evaluating strategic alternatives, the quarter demonstrated a broad buyer universe extending well beyond the state, with both strategic acquirers and institutional capital pursuing Washington assets across a wide range of transaction sizes.

Washington — Strategic vs. Sponsor-led Activity

Washington — X / Y Plot By Sector

Washington — M&A Segmentation

Washington — Sector Breakdown

Second Level Primary Industry Breakdown

Washington 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.

Great Northern Asset Management, LLC (1/1/2026)
Ferguson Wellman Capital Management, Inc. of Portland, OR, acquired Great Northern Asset Management, LLC of Vancouver, WA, expanding its asset-management presence through the Washington-based firm.
Key Trucking Inc (1/1/2026)
Estes Express Lines, Inc. of Richmond, VA, acquired Key Trucking Inc of Kent, WA, integrating the business into Estes Logistics while transitioning Key Trucking’s existing employees to the combined platform.
Spokane Computer, Inc. (1/1/2026)
BT Pro Solutions, LLC of Fort Wayne, IN, acquired Spokane Computer, Inc. of Spokane, WA, adding IT infrastructure capabilities while supporting continuity under new local leadership.
Spokane Valley Screen Printing Inc. (1/1/2026)
Viella Brand Communications of Spokane, WA, acquired Spokane Valley Screen Printing Inc. of Spokane Valley, WA, consolidating the businesses under the Viella brand while retaining the target’s employees, location, and services.
Westlake Center Office Tower (1/1/2026)
MetLife Investment Management, LLC of Whippany, NJ, acquired Westlake Center Office Tower in Washington for $84 million, adding the office property to its institutional real-estate portfolio.
Tegria Services Group, Inc. (1/2/2026)
Altaris, LLC of New York, NY, acquired Tegria Services Group, Inc. of Spokane, WA, establishing the healthcare technology business as a wholly owned portfolio company.
Calcoe Federal Credit Union (1/4/2026)
Idaho Central Credit Union of Chubbuck, ID, agreed to acquire Calcoe Federal Credit Union of Yakima, WA, expanding its credit-union presence into the Yakima market.
42Layers Corp. (1/5/2026)
Microsoft Corporation of Redmond, WA, acquired 42Layers Corp. of Seattle, WA, bringing the Osmos team into Microsoft’s Fabric engineering organization.
Direqt, Inc. (1/8/2026)
Search.com acquired Direqt, Inc. of Seattle, WA, adding the Washington application-software business to its technology platform.
Innovative Dental Technologies, Inc. (1/8/2026)
Solmetex, LLC of Northborough, MA, acquired Innovative Dental Technologies, Inc. of Vancouver, WA, expanding its dental and healthcare equipment capabilities.
PACE Engineers, Inc. (1/8/2026)
Verdantas LLC of Tampa, FL, acquired PACE Engineers, Inc. of Kirkland, WA, expanding its construction and engineering capabilities in Washington.
Coinme Inc. (1/13/2026)
Polygon Labs UI (Cayman) Ltd. of Camana Bay acquired Coinme Inc. of Seattle, WA, bringing Coinme into Polygon Labs as a wholly owned subsidiary alongside its broader digital-asset infrastructure strategy.
Dylan Enterprises, Inc. (1/13/2026)
Mad Anthony's, Inc. of Kirkland, WA, agreed to acquire Dylan Enterprises, Inc. of Gig Harbor, WA, retaining the restaurant’s chef, general manager, and management team to preserve operating continuity.
Imagine Visual Service, Llc (1/13/2026)
superGraphics, Inc. of Seattle, WA, acquired Imagine Visual Service, Llc of Seattle, WA, expanding its commercial printing and visual-communications platform.
Included, Inc. (1/14/2026)
Phenom People, Inc. of Ambler, PA, acquired Included, Inc. of Kirkland, WA, adding application-software capabilities to its technology platform.
Northbank Civil & Marine, Llc (1/16/2026)
Ukpeagvik Iñupiat Corporation of Barrow, AK, acquired a majority stake in Northbank Civil & Marine, Llc of Vancouver, WA, backing the engineering business while retaining its existing name and leadership team.
TerraPower, LLC (1/20/2026)
Korea Hydro & Nuclear Power Co., Ltd. of Gyeongju-si acquired a minority stake in TerraPower, LLC of Bellevue, WA, establishing an investment position through SK Innovation’s existing TerraPower investment vehicle following CFIUS review.
EVCO Integrated Solutions (1/22/2026)
Pye-Barker Fire & Safety, LLC of Alpharetta, GA, acquired EVCO Integrated Solutions of Spokane, WA, expanding its Northwest life-safety capabilities while retaining EVCO’s technician team.
Harper Engineering Company LLC (1/22/2026)
Loar Holdings Inc. of White Plains, NY, acquired Harper Engineering Company LLC of Renton, WA, for $250 million, adding aerospace manufacturing capabilities and approximately 85 employees across two Seattle-area facilities.
Rad Power Bikes Inc. (1/26/2026)
Life Electric Vehicles, Inc. of Deerfield Beach, FL, agreed to acquire Rad Power Bikes Inc. of Seattle, WA, for $13 million, pursuing the acquisition of the electric-bike business through a bankruptcy-court process.
The Hawthorne Gardening Company LLC (1/28/2026)
Vireo Growth Inc. of Minneapolis, MN, agreed to acquire The Hawthorne Gardening Company LLC of Vancouver, WA, for $49 million, adding the horticulture and gardening business to its operating platform.
Smith Gardens, Inc. (1/29/2026)
Hoffmann Family of Companies of Wilmette, IL, acquired a majority stake in Smith Gardens, Inc. of Bellingham, WA, adding the horticultural business together with its Pacific Plug & Liner propagation division.
KSBN (1/30/2026)
HBG-Spokane II, LLC of Spokane, WA, agreed to acquire KSBN in Washington for a transaction value reported as $0 million in the source column, adding a local broadcasting asset subject to FCC approval.
The Clarius Group, LLC (1/31/2026)
Clearstead Advisors, LLC of Cleveland, OH, acquired The Clarius Group, LLC of Seattle, WA, adding 36 professionals and bringing six Clarius partners into the combined wealth-management organization.
Redstone I (2/1/2026)
Felton Properties Inc. of Portland, OR, acquired Redstone I in Washington for $49 million, expanding its commercial real-estate portfolio.
Forsberg & Umlauf P.S. (2/2/2026)
Clyde & Co LLP of London acquired Forsberg & Umlauf P.S. of Seattle, WA, adding 12 partners, 20 non-partner attorneys, and 12 paralegals to its legal-services platform.
Maplewood Software, Inc. (2/2/2026)
EXA Capital, LLC of Dallas, TX, acquired Maplewood Software, Inc. of Spokane, WA, retaining the business’s identity and operating autonomy as StaffReady while keeping its founders and approximately 20-person team in place.
Mobile Division of RealNetworks (2/2/2026)
TransUnion of Chicago, IL, agreed to acquire the Mobile Division of RealNetworks, with the target location not stated in the source data, adding mobile application-software capabilities to its platform.
Reliant Information Services, LLC (2/3/2026)
Astreya Partners, Inc. of San Jose, CA, agreed to acquire Reliant Information Services, LLC of Des Moines, WA, adding the target’s leadership team and appointing its president as general manager within Astreya.
Reside (2/3/2026)
LPT Aperture Holdings agreed to acquire Reside of Wenatchee, WA, expanding its application-software portfolio alongside a concurrent agreement to acquire Humaniz.
90 MW Schnebly Coulee solar project (2/10/2026)
Puget Sound Energy, Inc. of Bellevue, WA, acquired the 90 MW Schnebly Coulee solar project in Kittitas County, WA, adding renewable generation capacity to its Washington energy portfolio.
Kestrel Engineering Group Inc. (2/10/2026)
Stratus Team LLC of Coraopolis, PA, acquired Kestrel Engineering Group Inc. of Vancouver, WA, expanding its construction and engineering platform.
Rippl Care, Inc. (2/10/2026)
The Harbor Health Team, Inc. of Austin, TX, acquired Rippl Care, Inc. of Seattle, WA, adding the Washington healthcare business to its care-delivery platform.
Verus Advisory, Inc. (2/11/2026)
Cerity Partners LLC of New York, NY, agreed to acquire Verus Advisory, Inc. of Seattle, WA, expanding its institutional investment and asset-management advisory capabilities.
Highspot, Inc. (2/12/2026)
Seismic Software, Inc. of San Diego, CA, signed a definitive agreement to acquire Highspot, Inc. of Seattle, WA, combining the sales-enablement software platforms under the Seismic brand with Permira remaining the controlling shareholder.
StaffReady (2/16/2026)
EXA Capital, LLC of Dallas, TX, acquired StaffReady of Spokane, WA, adding the healthcare technology business to its decentralized software portfolio.
Three Power Plants (2/17/2026)
An investor group comprising Portland General Electric Company, Manulife Infrastructure Fund III, and John Hancock Life Insurance Company agreed to acquire three power plants and related Washington utility operations for $1.9 billion, giving Portland General Electric a 51% stake and Manulife a 49% stake in the acquired platform.
Griptape, Inc. (2/18/2026)
The Foundry Visionmongers Ltd. of London acquired Griptape, Inc. of Seattle, WA, adding systems-software capabilities to its technology platform.
Keyrune Incorporated (2/19/2026)
Best Coast Pairings LLC of Lodi, CA, acquired Keyrune Incorporated of Carlsbad, WA, combining the businesses to form a new entity named Galactic Events Studio.
Vercept AI, Inc. (2/25/2026)
Anthropic PBC of San Francisco, CA, acquired Vercept AI, Inc. of Seattle, WA, bringing key members of the artificial-intelligence company’s founding team into Anthropic.
270,660-square-foot office building (3/2/2026)
An investor group comprising MidAtlantic Realty Partners, LLC, Snell Construction Corporation, and SJG Properties LLC acquired a 270,660-square-foot office building in Washington, adding the property to the buyers’ real-estate holdings.
Trans West Logistics, LLC (3/2/2026)
Jacko Logistics LLC of Vancouver, WA, acquired Trans West Logistics, LLC of Ellensburg, WA, integrating its brokerage and fleet-dispatch operations into Jacko’s Vancouver headquarters while retaining the Ellensburg yard and warehouse.
Ookla, LLC (3/3/2026)
Accenture, Inc. of Chicago, IL, agreed to acquire Ookla, LLC of Seattle, WA, for $1.2 billion, adding Speedtest, Ekahau, Downdetector, and RootMetrics to its technology and connectivity capabilities.
Spokane Software Systems, Inc. (3/3/2026)
Solen Software Group, Inc. of Salt Lake City, UT, acquired Spokane Software Systems, Inc. of Spokane Valley, WA, expanding its application-software portfolio.
Vioguard LLC (3/5/2026)
Seal Shield LLC of Orlando, FL, acquired Vioguard LLC of Saint George, WA, adding healthcare equipment capabilities to its product portfolio.
1 AM and 1 FM Translator (3/6/2026)
Salt & Light Radio, Inc. of Boise, ID, agreed to acquire 1 AM and 1 FM Translator assets in Washington for a transaction value reported as $0 million in the source column, expanding its broadcasting assets subject to FCC approval.
Forklift Services Of America, Inc. (3/9/2026)
Leavitt Machinery and Rentals Inc. of Surrey acquired Forklift Services Of America, Inc. of Sussex, WA, expanding its equipment distribution and services platform.
Sound Metrics Corp. (3/9/2026)
OceanSight Corp. of Wilmington, DE, acquired Sound Metrics Corp. of Bellevue, WA, retaining the target’s Bellevue headquarters while integrating it into the broader OceanSight platform.
Leviathan Security Group, Inc. (3/10/2026)
K2 Integrity Holdings, Inc. of New York, NY, acquired Leviathan Security Group, Inc. of Tukwila, WA, adding cybersecurity and IT consulting capabilities to its professional-services platform.
Matheson Painting, Inc. (3/11/2026)
An undisclosed buyer acquired Matheson Painting, Inc. of Pasco, WA, adding the Washington construction and engineering business to its portfolio.
Duncan & Haley, Ltd. (3/12/2026)
Creative Planning, LLC of Overland Park, KS, acquired Duncan & Haley, Ltd. of Seattle, WA, expanding its asset-management and wealth-advisory platform.
McBride Financial Advisors, LLC (3/13/2026)
Waverly Advisors, LLC of Birmingham, AL, acquired McBride Financial Advisors, LLC of Seattle, WA, adding approximately $181 million in assets under management and retaining Michael McBride as a wealth advisor.
Undisclosed CPA firm (3/13/2026)
Soltis Investment Advisors, LLC of Saint George, UT, acquired an undisclosed CPA firm in Washington, adding accounting and professional-services capabilities to its advisory platform.
Connect Community Bank (3/18/2026)
Oregon Coast Bank of Newport, OR, agreed to acquire Connect Community Bank of Raymond, WA, entering Pacific County with three branches and an approximately 15.9% share of local deposits.
GoldSim Technology Group LLC (3/18/2026)
Datacor, Inc. of Florham Park, NJ, acquired GoldSim Technology Group LLC of Seattle, WA, adding application-software capabilities to its technology portfolio.
J.k. Monarch, LLC (3/20/2026)
Trumark Homes LLC of San Ramon, CA, acquired J.k. Monarch, LLC of Sumner, WA, expanding its homebuilding platform while retaining the target’s founder in an advisory role during the transition.
Haeger Orthodontics (3/23/2026)
Salt Dental Collective, LLC of Phoenix, AZ, acquired Haeger Orthodontics of Kent, WA, expanding its specialty dental-services footprint.
Edgewater Wealth Management (3/24/2026)
Composition Wealth, LLC of Los Angeles, CA, acquired Edgewater Wealth Management of Tacoma, WA, expanding its wealth-management platform into the Washington market.
Streamline Solutions LLC (3/24/2026)
Conference Technologies Inc. of Maryland Heights, MO, acquired Streamline Solutions LLC of Seattle, WA, adding Washington-based construction and engineering capabilities to its platform.
Certinet Systems (3/25/2026)
Convergence Networks, Inc. of Portland, OR, acquired Certinet Systems of Yakima, WA, expanding its IT consulting and managed-services presence in Washington.
FBO Partners, LLC (3/25/2026)
GMSTEK, LLC of Palmetto Bay, FL, acquired FBO Partners, LLC of Seattle, WA, adding the HangarIT product and repositioning it as X-1 Property for aviation real-estate, hangar, and infrastructure management.
Clear Future Financial, LLC (3/31/2026)
Quantum Financial Planning Services, Inc. of Spokane, WA, acquired Clear Future Financial, LLC of Spokane Valley, WA, adding two members of the target’s team to Quantum Financial Planning.
Metrix Engineers, LLC (3/31/2026)
CMTA, Inc. of Prospect, KY, acquired Metrix Engineers, LLC of Rento, WA, expanding its construction and engineering platform through the Washington-based firm.
Ridge Property (3/31/2026)
Adamera Minerals Corp. of Vancouver acquired Ridge Property in Washington through a staking transaction, expanding its mineral-property position.

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.