Q3 2026 | Washington M&A Insights

Washington M&A TrendsWashington Deal Activity

Oct 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 Q3 2026, Washington-based target companies recorded 45 M&A transactions, with aggregate disclosed transaction value of approximately $14.14 billion across the 10 transactions for which values were reported. The $9.612 billion acquisition of Football Northwest represented approximately 68.0% of total disclosed value; excluding that transaction, disclosed value totaled approximately $4.53 billion. Strategic acquirers drove much of the quarter’s transaction volume, complemented by investor-led acquisitions and financial-sponsor activity, while buyers with disclosed locations were predominantly headquartered outside Washington. Technology and software, financial services and insurance, and industrial and business-services consolidation were among the quarter’s most active themes, reinforcing Washington’s position as a broad and durable seller market spanning founder-owned businesses through multibillion-dollar strategic transactions.

The quarter was led by the Khosla family-led investor group’s $9.612 billion acquisition of Renton-based Football Northwest, transferring controlling ownership from the Estate of Paul G. Allen. Financial services produced another major transaction as Jacksonville-based EverBank Financial Corp agreed to acquire Seattle-based WaFd for approximately $2.697 billion based on the workbook’s transaction-value field, creating a larger regional banking franchise with an expanded western U.S. branch footprint and wealth-management capabilities. In life sciences, Repligen agreed to acquire Bothell-based BioLife Solutions for approximately $1.55 billion, with the combination expected to generate revenue, margin, and cost synergies. Other notable strategic transactions included Perimeter Solutions’ $120 million acquisition of Spokane-based Monaco Enterprises, First Washington Realty Trust’s $61.4 million acquisition of Evergreen Village shopping center, and SKYX Platforms’ $47.5 million acquisition of Seattle-based smart-home technology company Deako.

The quarter reinforced the breadth of Washington’s exit environment. Large-cap transactions in sports ownership, banking, and life sciences drove disclosed value, while steady activity in application software, insurance brokerage, construction, industrial products, healthcare, and professional services showed continuing demand for smaller strategic assets. For founder-owners and sponsors evaluating liquidity options, the buyer universe remained notably national and international, with both strategic and financial buyers pursuing Washington companies across a wide range of industries.

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.

87-unit multifamily community in Seattle (7/2/2026)
Kite Partners LLC acquired an 87-unit multifamily community in Seattle, WA, for $24.1 million, assuming an existing $14.8 million loan as part of the property acquisition.
Common Room, Inc. (7/2/2026)
Zoom Communications, Inc. of San Jose, CA, agreed to acquire Common Room, Inc. of Seattle, WA, adding the interactive-media and customer-engagement business to Zoom’s platform.
Evergreen Village shopping center (7/8/2026)
First Washington Realty Trust, Inc. of Bethesda, MD, acquired Evergreen Village shopping center in Washington for $61.4 million, expanding its portfolio through the acquisition of the retail property.
Russell Investment Management, LLC (7/9/2026)
An investor consortium led by B Capital Group Management, L.P. and California Public Employees' Retirement System acquired Russell Investment Management, LLC of Seattle, WA, maintaining the investment manager as an independent business under its existing leadership.
Kizuki International LLC (7/10/2026)
Yoshinoya Holdings Co., Ltd. of Tokyo, Japan, acquired a 70% stake in Kizuki International LLC of Redmond, WA, for $21.2 million, adding a controlling interest in the restaurant company while retaining minority ownership.
Football Northwest LLC (7/11/2026)
An investor group led by the Khosla family acquired Football Northwest LLC of Renton, WA, for $9.612 billion, transferring controlling ownership of the professional football organization from the Estate of Paul G. Allen to the Khosla family.
Tegris Inc. (7/13/2026)
Life Safety Inspection Vault LLC of Chubbuck, ID, acquired Tegris Inc. of Gig Harbor, WA, adding Tegris’s team, technology, and customer base to its life-safety software platform.
Fluid Motion, LLC (7/20/2026)
Correct Craft Holding Company, LLC of Orlando, FL, acquired Fluid Motion, LLC of Auburn, WA, adding the Washington-based marine and equipment business to its operating portfolio.
BioLife Solutions, Inc. (7/22/2026)
Repligen Corporation of Waltham, MA, agreed to acquire BioLife Solutions, Inc. of Bothell, WA, for approximately $1.55 billion, expanding its life-sciences platform and creating anticipated revenue, margin, and cost synergies.
Aneden Consulting, LLC (7/27/2026)
E Source Companies LLC of Addison, TX, acquired Aneden Consulting, LLC of Seattle, WA, expanding its consulting capabilities through the Washington-based engineering and advisory business.
Poodle AI Corp. (7/27/2026)
ABC Fitness Solutions, LLC of Frisco, TX, acquired Poodle AI Corp. of Issaquah, WA, adding an application-software business to its fitness technology platform.
Pacific Rim and Company (7/29/2026)
WarRoom Ventures, LLC of Santa Margarita, CA, acquired Pacific Rim and Company of West Richland, WA, for $402,000, adding its trademarks, intellectual property, customer lists, and approximately 76,000 gallons of Washington bulk sweet riesling.
Palouse Power, LLC (7/29/2026)
Key Line Construction, Inc. of Myrtle Point, OR, acquired Palouse Power, LLC of Quincy, WA, adding the Washington construction and engineering business to its operating platform.
Monaco Enterprises, Inc. (7/30/2026)
Perimeter Solutions, Inc. of Clayton, MO, acquired Monaco Enterprises, Inc. of Spokane, WA, for $120 million, adding the electronic-equipment business through a cash-funded strategic acquisition.
Seattle Galvanizing Company, Inc. (7/30/2026)
AZZ Inc. of Fort Worth, TX, acquired Seattle Galvanizing Company, Inc. of Arlington, WA, expanding AZZ Metal Coatings’ North American hot-dip galvanizing network to 43 locations.
Assets of Shipley & Pease Insurance (8/4/2026)
Trucordia Insurance Services, LLC of Lindon, UT, acquired the assets of Shipley & Pease Insurance, with the target location not stated in the source data, expanding its insurance brokerage platform.
Glue Inc. (8/6/2026)
Emerson Electric Co. of Saint Louis, MO, acquired Glue Inc. of Seattle, WA, adding the systems-software company to Emerson’s technology portfolio.
The Lightle Group, LLC (8/6/2026)
Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired The Lightle Group, LLC of Bremerton, WA, expanding its insurance brokerage presence in Washington.
The Rum Lab, Corp (8/6/2026)
Bottle Raiders, Inc. of New York, NY, acquired The Rum Lab, Corp of Mercer Island, WA, integrating its media operations into The Daily Pour and expanding the platform’s events and consumer reach.
5th Wave Mobile Technologies, Inc. (8/10/2026)
DecisionPoint Technologies, Inc. of Baltimore, MD, acquired 5th Wave Mobile Technologies, Inc. of Redmond, WA, bringing the Washington technology business into DecisionPoint’s operating platform.
HKX, Inc. (8/11/2026)
Multi Parts Solutions of Jupiter, FL, acquired HKX, Inc. of Monroe, WA, entering the construction-equipment market and establishing HKX as its third operating division.
Circulate Health, Inc. (8/12/2026)
Viome Life Sciences, Inc. of Bellevue, WA, acquired Circulate Health, Inc. of Seattle, WA, adding the healthcare-services company to Viome’s life-sciences platform.
Clearwater Construction & Management, LLC (8/15/2026)
Kelso Industries, LLC of Draper, UT, acquired Clearwater Construction & Management, LLC of Spokane, WA, expanding its construction and engineering platform in Washington.
Weinand Financial, Inc. (8/15/2026)
Wealth Enhancement Group, LLC of Plymouth, MN, acquired Weinand Financial, Inc. of Lacey, WA, expanding its wealth-management platform and adding Weinand Financial’s employees to the combined organization.
RAMM Power Group LLC (8/18/2026)
Magellan Energy Corp. of Wallace, ID, signed a letter of intent to acquire RAMM Power Group LLC of Spokane, WA, pursuing an expansion into the Washington renewable-energy market.
Power Info LLC (8/19/2026)
PowerGEM, LLC of Clifton Park, NY, acquired Power Info LLC of Issaquah, WA, adding the application-software business to its power-market technology platform.
Troop Travel, Inc. (8/26/2026)
Spotnana Technology, Inc. of New York, NY, acquired Troop Travel, Inc. of Wilmington, WA, adding meetings-and-events technology and bringing TROOP’s chief executive into Spotnana’s product leadership team.
GTR Technologies Inc. (8/28/2026)
Homewerks Worldwide, LLC of Lake Bluff, IL, acquired GTR Technologies Inc. of Port Orchard, WA, adding the ReVent, DewStop, and Breeze Easy brands and expanding its HVAC product portfolio.
Suppression Systems, Inc. (8/31/2026)
Pye-Barker Fire & Safety, LLC of Alpharetta, GA, acquired Suppression Systems, Inc. of Fife, WA, expanding its fire-suppression services capabilities in the Pacific Northwest.
Teachally, Inc. (8/31/2026)
McGraw Hill, Inc. of Columbus, OH, acquired Teachally, Inc. of Bothell, WA, adding the application-software business to its education technology platform.
Undisclosed Insurance Agency (8/31/2026)
Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired an undisclosed insurance agency in Washington, further expanding its insurance brokerage platform.
Brewster Heights Packing (9/2/2026)
Heritage Orchard Alliance agreed to acquire Brewster Heights Packing of Brewster, WA, through a stalking-horse transaction in the target’s Chapter 11 process, providing a proposed path for the agricultural business to transfer ownership.
Cascade Gasket & Manufacturing Co., Inc. (9/2/2026)
Trelleborg Sealing Solutions Germany GmbH of Stuttgart, Germany, agreed to acquire Cascade Gasket & Manufacturing Co., Inc. of Auburn, WA, adding the aerospace and defense manufacturer to its sealing-solutions platform.
BMW of Tri-Cities (9/3/2026)
Agere Automotive Inc. of Bellevue, WA, acquired BMW of Tri-Cities of Richland, WA, expanding its automotive retail presence within Washington.
Collinear Group, LLC (9/4/2026)
Capgemini Engineering S.A. of Neuilly-sur-Seine, France, acquired Collinear Group, LLC of Renton, WA, adding the Washington IT consulting and engineering business to its platform.
WaFd, Inc. (9/7/2026)
EverBank Financial Corp of Jacksonville, FL, agreed to acquire WaFd, Inc. of Seattle, WA, for approximately $2.697 billion, creating a larger regional banking platform with an expanded branch network, greater wealth-management scale, and expected cost synergies.
Deako, Inc. (9/10/2026)
SKYX Platforms Corp. of Pompano Beach, FL, agreed to acquire Deako, Inc. of Seattle, WA, for $47.5 million, expanding SKYX into builder, hotel, and professional markets through Deako’s smart-home technology platform.
Marketplace Sotheby's International Realty (9/10/2026)
Realogics Brokerage, LLC acquired Marketplace Sotheby's International Realty of Woodinville, WA, expanding the combined Sotheby’s International Realty brokerage presence.
Hoehne, Inc. (9/11/2026)
Classy Chassis of Gig Harbor, WA, acquired Hoehne, Inc. of Auburn, WA, for $4.85 million, adding the specialized consumer-services business to its Washington operating platform.
Anderson Hay Enterprise, Inc. (9/21/2026)
Standlee Premium Products, LLC of Kimberly, ID, acquired Anderson Hay Enterprise, Inc. of Ellensburg, WA, combining the businesses under the new Standlee-Anderson parent organization.
Mila Health Inc (9/21/2026)
DexCare, Inc. of Seattle, WA, acquired Mila Health Inc of Bellevue, WA, adding healthcare technology designed to reduce patient no-shows and improve provider revenue.
Evergreen Fire and Security, Inc. (9/22/2026)
APi Group Corporation of New Brighton, MN, acquired Evergreen Fire and Security, Inc. of Tacoma, WA, expanding its security and alarm-services platform.
Row Zero, Inc. (9/24/2026)
Databricks, Inc. of San Francisco, CA, acquired Row Zero, Inc. of Seattle, WA, adding the application-software company to its data and technology platform.
Wellhaven Pethealth Wa, LLC (9/24/2026)
GoodVets Group LLC of Chicago, IL, acquired Wellhaven Pethealth Wa, LLC of Vancouver, WA, expanding its veterinary network from 75 to 116 hospitals and materially increasing its Pacific Northwest presence.
Cloudmoyo Inc. (9/29/2026)
HumanTronik of San Francisco, CA, acquired Cloudmoyo Inc. of Bellevue, WA, expanding the combined technology business across Seattle, San Francisco, Singapore, and Pune while retaining CloudMoyo’s brand and customer teams.

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.