Q3 2025 | Wyoming 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.
This Quarter - National Transaction Value ($bn) and Transaction Count
Targets in Wyoming
Wyoming M&A Overview — Business Sale Activity for M&A Targets
In the third quarter of 2025, Wyoming's mergers and acquisitions landscape featured modest but strategic activity with three announced deals, totaling approximately $35 million in disclosed transaction value. The quarter was highlighted by Safe & Green Holdings Corp.'s non-binding $35 million Letter of Intent to acquire Rock Springs Energy Group LLC in Rock Springs, a move aimed at expanding its oil and gas refining and marketing presence, pending due diligence and regulatory approvals expected to conclude by late November. Local transactions included bXceptional LLC's acquisition of NobelBiz, Inc. in Cheyenne, enhancing alternative carriers operations, and Nexus7Media's purchase of Typhon Interactive LLC, strengthening its application software portfolio, both reflecting targeted growth within the state's technology and telecommunications sectors.
Wyoming — Strategic vs. Sponsor-led Activity
Wyoming — X / Y Plot By Sector
Wyoming — M&A Segmentation
Wyoming — Sector Breakdown
Second Level Primary Industry Breakdown
Wyoming 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.
Rock Springs Energy Group LLC (07/28/2025)
Safe & Green Holdings Corp. entered into a non-binding Letter of Intent to acquire Rock Springs Energy Group LLC in Rock Springs, WY for $35 million, subject to a 60-day due diligence period, definitive purchase agreement, regulatory approvals, and other conditions, with financing through debt and equity. This proposed transaction aims to expand Safe & Green's holdings in oil and gas refining and marketing, with expected timelines for due diligence completion by late September, definitive agreement by late October, and closing by late November 2025.
NobelBiz, Inc. (09/02/2025)
bXceptional LLC acquired NobelBiz, Inc. in Cheyenne, WY on September 2, 2025. The acquisition integrates NobelBiz's alternative carriers operations into bXceptional's portfolio, enhancing its telecommunications capabilities within the same local market.
Typhon Interactive LLC (09/15/2025)
Nexus7Media, LLC acquired Typhon Interactive LLC in WY on September 15, 2025. This deal bolsters Nexus7Media's application software offerings by incorporating Typhon's interactive technologies to drive innovation and expansion.
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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