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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-10-27 Big Sky Dermatology
Healthcare Services
Bozeman, Montana
www.bigskydermatology.com

Big Sky Dermatology provides three main categories of clinical services: medical dermatology, surgical dermatology, and cosmetic dermatology. Big Sky Dermatology is based in Bozeman, Montana.

Add-on Acquisition

Epiphany Dermatology
Company
Healthcare Services
Austin, Texas
www.epiphanydermatology.com

-
Deal Article Deal Link  
2025-10-14 Edulog
Internet Software and Services
Missoula, Montana
www.edulog.com

Edulog provides software and technology solutions for school bus routing, planning, and fleet management. Edulog was founded in 1977 and is based in Missoula, Montana.

Advisor: Macquarie Capital
Growth Capital

Serent Capital
Investor
Growth Capital Firm
San Francisco, California
www.serentcapital.com

-
Deal Article Deal Link  
2025-10-08 Yofi AI
Software
Bozeman, Montana
www.yofi.ai

Yofi AI is a return fraud and policy abuse detection platform for ecommerce retailers. Yofi AI is based in Bozeman, Montana.

Add-on Acquisition

NoFraud
Company
Software
New York, New York
www.nofraud.com

-
Deal Article Deal Link  
2025-09-24 Advisr
Digital Media
Bozeman, Montana
www.advisr.com

Advisr provides a sales enablement and proposal automation platform for media organizations. Advisr is based in Bozeman, Montana.

Add-on Acquisition

Veylan
Company
Digital Media
Huntington, New York
www.veylan.com

-
Deal Article Deal Link  
2025-09-04 Right
Business Services
Bozeman, Montana
www.rightcorpmt.com

Right provides trading and logistics services for independent meat packing operations, distributors, and end-users. Right was founded in 2000 and is based in Bozeman, Montana.

Add-on Acquisition

StoneX
Company
Financial Services
New York, New York
www.stonex.com

-
Deal Article Deal Link  
2025-08-19 Rocky Mountain Insurance Group
Insurance
Bozeman, Montana
www.rockymountainig.com

Rocky Mountain Insurance Group provides benefits and group health insurance services. Rocky Mountain Insurance Group was established in 2006 and is headquartered in Bozeman, Montana.

Add-on Acquisition

Inszone Insurance Services
Company
Insurance
Rancho Cordova, California
www.inszoneinsurance.com

-
Deal Article Deal Link  
2025-07-09 PFL
Software
Livingston, Montana
www.pfl.com

PFL is a direct mail technology and print company that simplifies every aspect of direct mail for sales, marketing, and customer success teams. The platform integrates with Salesforce Marketing Cloud, Iterable, Adobe Marketo Engage, Oracle Eloqua, and more, enabling clients to automate, personalize, and measure direct mail campaigns with ease. PFL was founded in 1996 and is based in Livingston, Montana.

Advisors: Goodwin Procter , Citizens Capital Markets
Add-on Acquisition

Vomela Companies
Company
Business Services
Saint Paul, Minnesota
www.vomela.com

-
Deal Article Deal Link  
2025-07-08 Xtant Medical - Coflex and CoFix Spinal Implants and All OUS Businesses
Medical Products
Belgrade, Montana

Xtant Medical's Coflex and CoFix Spinal Implants and All OUS Businesses offer a comprehensive portfolio of posterior dynamic spine stabilization and motion-preserving solutions. Xtant Medical's Coflex and CoFix Spinal Implants and All OUS Businesses are based in Belgrade, Montana.

Divestiture
Value

$19

Companion Spine
Company
Medical Products
Merignac, France
www.companion-spine.com

Xtant Medical
Company
Medical Products
Belgrade, Montana
www.xtantmedical.com

Deal Article Deal Link  
2025-06-03 8th Avenue Food & Provisions
Food
Fenton, Montana
www.8ave.com

8th Avenue Food & Provisions is a manufacturer of private-label food products, focusing on organic and conventional peanut and tree nut butters, dry pasta, and organic and non-GMO granola. 8th Avenue Food & Provisions was founded in 2018 and is based in Fenton, Montana.

Add-on Acquisition
Value

$880

Post Holdings
Company
Food
St. Louis, Missouri
www.postholdings.com

Harvest Partners
Investor
Private Equity Firm
New York, New York
www.harvestpartners.com

Deal Article Deal Link  
2025-03-04 Montana Digital
Communications
Kalispell, Montana
www.mtnmax.net

Montana Digital delivers a full suite of services, including dark fiber, leased fiber, lit services, internet, voice, and managed solutions. Montana Digital was founded in 2000 and is based in Kalispell, Montana.

Add-on Acquisition

Vero Fiber
Company
Communications
Boulder, Colorado
www.verofiber.com

-
Deal Article Deal Link  
2025-01-17 SensorLogic
Technology Hardware
Bozeman, Montana
www.sensorlogic.ai

SensorLogic is a provider of radar-based sensors and instrumentation for snow, hydropower, and other environmental applications. The Company’s product portfolio includes SNOdar, a leading snow-depth measurement sensor used by avalanche centers, water resource managers, and others. SensorLogic was founded in 2006 and is headquartered in Bozeman, Montana.

Add-on Acquisition

R.M. Young
Company
Test/Measurement Equipment
Traverse City, Michigan
www.youngusa.com

-
Deal Article Deal Link  
2025-01-13 Schedulicity
Software
Bozeman, Montana
www.schedulicity.com

Schedulicity is a scheduling software for businesses across the beauty & wellness industries. Schedulicity was founded in 2009 and is based in Bozeman, Montana.

Add-on Acquisition

Vagaro
Company
Internet Software and Services
Pleasanton, California
sales.vagaro.com

-
Deal Article Deal Link  
2024-12-04 Yellowstone Structural Systems
Construction
Belgrade, Montana
www.yellowstonestructural.com

Yellowstone Structural Systems provides repair, waterproofing, & concrete services. Custom-engineered services for homes and businesses in Montana and Wyoming. Yellowstone Structural Systems was founded in 2004 and is based in Belgrade, Montana.

Add-on Acquisition

Groundworks
Company
Construction
Virginia Beach, Virginia
www.groundworks.com

-
2024-12-03 PSI
Business Services
Worden, Montana
www.plantservicesinc.us

PSI provides online leak repair, hot tapping, line stopping, and field machining services to heavy-process facility customers throughout the Rocky Mountain region. PSI is based in Worden, Montana.

Add-on Acquisition

Colt Group
Company
Business Services
Pasadena, Texas
www.coltgrp.com

-
Deal Article Deal Link  
2024-10-01 Great Harvest Bread Company
Franchising
Dillon, Montana
www.greatharvest.com

Great Harvest Bread Company is a franchise fast-casual bakery and café concept with approximately 175 locations across the U.S. Great Harvest Bread Company was founded in 1976 and is based in Dillon, Montana.

Growth Capital

NewSpring Capital
Investor
Private Equity Firm
Radnor, Pennsylvania
www.newspringcapital.com

-
Deal Article Deal Link  
2024-09-05 ProEnergy Services
Energy Services and Equipment
Sedalia, Montana
www.proenergyservices.com

ProEnergy Services is an integrated service provider that delivers cost-effective, safe, and reliable services to the global energy industry. ProEnergy Services was founded in 2002 and is based in Sedalia, Missouri.

Advisors: Winston & Strawn , Orrick
Secondary Buyout

ECP
Investor
Private Equity Firm
Summit, New Jersey
www.ecpgp.com

Advisor: Latham & Watkins

Eos
Investor
Asset Manager
New York, New York
www.eospartners.com

ACON Investments
Investor
Private Equity Firm
Washington, District of Columbia
www.aconinvestments.com

Deal Article Deal Link  
Avg $385
11.1x EBITDA
1.4x REVENUE

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