M&A Transactions in Minnesota

MCG Energy Solutions provides a broad array of mission-critical solutions to energy companies, industrial businesses, and other entities on a global scale. MCG Energy Solutions was founded in 1995 and is based in Minneapolis, Minnesota.

Peak Rock Capital
Investor
Private Equity Firm
Austin, Texas
www.peakrockcapital.com

Epika Fleet Services is a network of mobile and in-shop preventative maintenance service centers focused on commercial fleets across the country. Epika brands include LubeZone, ProFleet, All-Star Truck Service, and Deaton Fleet Solutions. Epika currently has 11 quick service preventative maintenance locations in California, Texas, Oklahoma, and Georgia; five full-service repair and maintenance facilities, and 15 branch locations operating nearly 50 mobile service units in Texas, Georgia, North Carolina, South Carolina, Tennessee, and Mississippi. Epika Fleet Services was founded in 2016 and is based in Bloomington, Minnesota.

Ares Private Equity Group
Investor
Private Equity Firm
Los Angeles, California
www.aresmgmt.com/our-business/private-equity
Advisors: Sullivan & Cromwell , Piper Sandler & Co.

Trivest Partners
Investor
Private Equity Firm
Coral Gables, Florida
www.trivest.com

Applied Adhesives is a distributor of adhesives, dispensing equipment, assembly automation systems, and production tools. Applied Adhesives was founded in 1971 and is based in Minnetonka, Minnesota.

Bertram Capital
Investor
Private Equity Firm
Foster City, California
www.bertramcapital.com

Arsenal Capital Partners
Investor
Private Equity Firm
New York, New York
www.arsenalcapital.com

Atlas-SSI is a manufacturer of raw water intake equipment, traveling water screens, 316(b) fish-friendly screens, and trash rake systems in North America. Certified field service and dive teams support turnkey installations, on-site maintenance, inspections, repairs, and preventative maintenance. Atlas-SSI is based in Monticello, Minnesota.

Goldman Sachs Asset Management
Company
Financial Services
New York, New York
www.gsam.com

XPV Water Partners
Investor
Growth Capital Firm
Toronto, Ontario
www.xpvwaterpartners.com

BPK Tech specializes in custom software development and digital transformation solutions focusing on the healthcare sector, particularly Dental Service Organizations (DSOs), dental practice management systems, hospitals and insurance. Their expertise includes automating insurance verification and claims processes, creating tailored ERP systems, and delivering advanced data warehousing and integration services. Beyond healthcare, BPK delivers scalable solutions across other industries such as financial services and education, leveraging emerging technologies to optimize operations, enhance productivity, and support business growth. BPK Tech is based in Minnetonka, Minnesota.

Veltris
Company
Engineering
Milpitas, California
www.veltris.com

Heartland America is a direct-to-consumer retailer that offers a wide range of products, including electronics, home appliances, and furniture. The company focuses on providing high-quality goods at competitive prices through its online platform and catalog. Heartland America was formed in 1985 and is based in Chaska, Minnesota.

S5 Equity
Investor
Private Equity Firm
Los Angeles, California
www.s5equity.com

Skyline Medical markets and sells the FDA-cleared STREAMWAY® System, a direct-to-drain wall suction waste fluid management technology that provides healthcare professionals with an automated, secure, and reliable method for managing potentially hazardous fluids, such as those generated during surgeries or other medical procedures. Skyline Medical was founded in 2002 and is based in St Paul, Minnesota.

DeRoyal Industries
Company
Manufacturing
Powell, Tennessee
www.deroyal.com

Predictive Oncology
Company
Life Science
Eagan, Minnesota
www.predictive-oncology.com

Spidexx Pest Control is a pest management company focused on approach and expertise in residential pest control. Spidexx Pest Control is based in Eden Prairie, Minnesota.

Greenix Pest Control
Company
Consumer Services
Orem, Utah
www.greenixpc.com

BMSI is an architectural specialty building products company specializing in the full spectrum of Division 10 products, proudly serving customers throughout the Midwest and Southwest. BMSI was founded in 1997 and is based in Edina, Minnesota.

Cook & Boardman
Company
Building Materials
Winston-Salem, North Carolina
www.cookandboardman.com
Advisor: K&L Gates

SRA provides architecture services for many difference industries. SRA was founded in 1998 and is based in Eden Prarie, Minnesota.

FUSION AE
Company
Engineering
Irving, Texas
www.fusion-ae.com

Reach is a provider of innovative digital signage solutions designed to connect people, enhance engagement, and simplify information sharing. Reach was founded in 2005 and is based in Eden Prairie, Minnesota.

Poppulo
Company
Software
Denver, Colorado
www.poppulo.com
Advisor: District Capital Partners

Identity Automation is a provider of Identity and Access Management (IAM) software products that help customers automate and manage individual user identities (provisioning and lifecycle management) while providing attribute-based and role-based user authentication, authorization, and access privileges within and across on-premises and cloud-based enterprise systems. Identity Automation was founded in 2004 and is based in Houston, Texas.

Jamf
Company
Software
Minneapolis, Minnesota
www.jamf.com
Advisor: Kirkland & Ellis

Argo Management Group
Investor
Private Equity Firm
Itasca, Illinois
www.argo-partners.com

Spotlight Equity Partners
Investor
Private Equity Firm
San Francisco, California
www.spotlightequity.com

Dyste Williams is a retail insurance agency offering a full suite of commercial lines, employee benefits and personal lines services to clients in the Upper Midwest. Dyste Williams is based in Minneapolis, Minnesota.

Gallagher
Company
Insurance
Rolling Meadows, Illinois
www.ajg.com

Burnsville Auto Repair provides auto repair services, based in Burnsville, Minnesota.

Victory Auto Service & Glass
Company
Automotive
Burnsville, Minnesota
www.victoryautoservice.com

Solventu's Purification & Filtration Business is a provider of Purification & Filtration sevices in healthcare Industry.

Thermo Fisher Scientific
Company
Test/Measurement Equipment
Waltham, Massachusetts
www.thermofisher.com

Solventum
Company
Diversified
Saint Paul, Minnesota
www.solventum.com
Advisors: Cleary Gottlieb Steen & Hamilton , J.P. Morgan Securities , Morgan Stanley , Perella Weinberg Partners

Stillwater Auto Clinic is a full-service aftermarket automotive repair and service platform with 65 locations across Colorado, Florida, Maine, Massachusetts, Minnesota, New Hampshire, and Wisconsin.

Victory Auto Service
Company
Automotive
Ham Lake, Minnesota
www.victoryautoservice.com