M&A Deal Summary

Riata Capital Group Acquires COEO

On August 20, 2025, private equity firm Riata Capital Group acquired information technology company COEO

Acquisition Highlights
  • This is Riata Capital Group’s 1st transaction in the Information Technology sector.
  • This is Riata Capital Group’s 8th transaction in the United States.
  • This is Riata Capital Group’s 1st transaction in Illinois.

M&A Deal Summary

Date 2025-08-20
Target COEO
Sector Information Technology
Buyer(s) Riata Capital Group
Deal Type Recapitalization
Advisor(s) Q Advisors (Financial)

Target

COEO

Downers Grove, Illinois, United States
COEO provides managed network and cloud communications solutions that enable businesses to connect and communicate easily and securely with each other. The Company serves small to mid-sized, multi-location enterprises in industries such as healthcare, finance, manufacturing, business services, education, and government. COEO was established in 2014 and is headquartered in Downers Grove, Illinois.

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Buyer(S) 1

DESCRIPTION

Riata Capital Group is a private equity firm focused on control and non-control investments in profitable middle-market companies headquartered throughout North America. Riata looks to invest $25 to $150 million in companies valued up to $300 million. Sectors of interest include consumer products/services, business services, energy, and healthcare. Prospective transaction situations include recapitalizations, buyouts, divestitures, growth capital investments, and consolidations. Riata Capital Group was formed in 2015 and is based in Dallas, Texas.


DEAL STATS #
Overall 8 of 9
Sector: Information Technology M&A 1 of 2
Type: Recapitalization M&A Deals 2 of 2
State: Illinois M&A 1 of 1
Country: United States M&A 8 of 9
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 Extract

Tulsa, Oklahoma, United States

Extract Companies is an artificial lift company. Through its Extract Production Services and Hoss Pump Systems subsidiaries, Extract provides ESP, Gas Lift, and Horizontal Pump Systems to the oil production and saltwater disposal markets in the US. Extract is based in Tulsa, Oklahoma.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-08 Government Window

Kennesaw, Georgia, United States

Government Window provides an innovative payment solution designed to integrate and automate payment processes for governments while providing convenient and secure payment methods for citizens. The Company primarily serves small to mid-size counties and municipalities across more than 30 states in the U.S. Government Window was formed in 2006 and is headquartered in Kennesaw, Georgia.

Buy -