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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-23 Vara 3D
Engineering
Murray, Utah
www.vara3d.com

Vara 3D is an area surveying and 3D mapping company that specializes in commercial, residential, and solar energy firm projects with a broad base of recurring clients. Their services include land surveying, 3D mapping, and construction staking, as well as commercial and utility-scale solar facility and solar array planning. Vara 3D is based in Murray, Utah.

Add-on Acquisition

ZenaTech
Company
Information Technology
Vancouver, British Columbia
www.zenatech.com

-
Deal Article Deal Link  
2025-12-22 Conservice
Internet Software and Services
River Heights, Utah
www.conservice.com

Conservice is a utility and billing management company that provides software and service solutions for over 1.6 million units in the rental housing industry. Conservice’s unique services include sending each tenant in a housing unit a single bill that encompasses rent, utilities, and any extra charges. Conservice was founded in 2000 and is based in River Heights, Utah.

Advisors: Goodwin Procter , Goldman Sachs , Evercore Group
Secondary Buyout

TPG
Investor
Private Equity Firm
Fort Worth, Texas
www.tpg.com

Advisors: Davis Polk & Wardwell , Ropes & Gray , UBS Investment Bank , Union Square Advisors

TA Associates
Investor
Private Equity Firm
Boston, Massachusetts
www.ta.com

Advisors: Goodwin Procter , Goldman Sachs , Evercore Group

Advent International
Investor
Private Equity Firm
Boston, Massachusetts
www.adventinternational.com

Advisors: Weil Gotshal & Manges , Goldman Sachs , Evercore Group

Deal Link  
2025-12-17 Wealth Advocates
Financial Services
Logan, Utah
www.wealth-advocates.com

Wealth Advocates is a financial advisory firm that provides coordinated financial planning, investment management, retirement strategy, estate planning support, and risk-management services to individuals and families. Wealth Advocates was founded in 2017 and is based in Logan, Utah.

Add-on Acquisition

Wealth Enhancement Group
Company
Financial Services
Plymouth, Minnesota
www.wealthenhancement.com

-
Deal Article Deal Link  
2025-12-16 GlobalSim
Software
Sandy, Utah
www.globalsim.com

GlobalSim specialises in developing and manufacturing high-end simulators. GlobalSim designs and builds simulator solutions that replicate real-world operating environments for port cranes, construction cranes, industrial cranes, and other heavy machinery, helping organisations improve operator skill, safety, and efficiency without using live equipment. GlobalSim was founded in 1993 and is based in Sandy, Utah.

Add-on Acquisition

CM Labs
Company
Software
Montreal, Quebec
www.cm-labs.com

-
Deal Article Deal Link  
2025-12-15 SchedMD
Software
Lehi, Utah
www.schedmd.com

SchedMD is a software company that develops and provides support, training, and consulting services for the Slurm Workload Manager, an open-source system used to schedule and manage computing jobs in high-performance, high-throughput, and AI computing environments. SchedMD was founded in 2010 and is based in Lehi, Utah

Add-on Acquisition

NVIDIA
Company
Semiconductors
Santa Clara, California
www.nvidia.com

-
Deal Article Deal Link  
2025-12-09 SMS
Test/Measurement Equipment
West Jordan, Utah
www.smsenergetics.com

SMS provides risk-management and explosives/energetic-materials testing services, along with specialised test equipment and compliance consulting. SMS is based in West Jordan, Utah.

Add-on Acquisition

Jensen Hughes
Company
Safety/Security
Baltimore, Maryland
www.jensenhughes.com

-
Deal Article Deal Link  
2025-12-09 Pronto
Internet Software and Services
Lehi, Utah
www.pronto.io

Pronto is a mobile-first, team communications platform for front-line employers and higher education institutions. The company makes it possible to have clients' voices heard and understood with its auto-translation, group messaging, and file sharing capabilities. Pronto is based in Lehi, Utah.

Growth Capital

Seva Growth
Investor
Growth Capital Firm
Brooklyn, New York
www.sevagrowth.com

-
Deal Article Deal Link  
2025-12-04 HintonBurdick
Business Services
St George, Utah
www.hintonburdick.com

HintonBurdick is a regional CPA firm that offers tax preparation services. HintonBurdick is based in St George, Utah.

Add-on Acquisition

Squire & Co.
Company
Business Services
Salt Lake City, Utah
www.squire.com

-
Deal Article Deal Link  
2025-11-24 Lee's Plumbing
Business Services
Hyde Park, Utah
www.leesplumbinginc.com

Lee's Plumbing provides services including installation of fixtures, water heaters, water softeners, and full plumbing remodels, as well as repair work on drains, leaks, and sewer lines. Lee's Plumbing is based in Hyde Park, Utah.

Add-on Acquisition

Any Hour Group
Company
Business Services
Orem, Utah
www.anyhourgroup.com

-
Deal Article Deal Link  
2025-11-21 Storymakers Trading - TTRPG Merchandise line
Consumer Products
Alpine, Utah

Storymakers Trading's TTRPG Merchandise line includes products designed for players, game masters, and fantasy world-builders and is based in Alpine, Utah.

Divestiture

Kingdom of Threads
Company
Consumer Products
Tolland, Connecticut
www.kingdomofthreads.com

Storymakers Trading
Company
Consumer Products
Alpine, Utah
www.storymakerstradingco.com

Deal Article Deal Link  
2025-11-19 Blue Eye
Software
Salt Lake City, Utah
www.goblueeye.com

Blue Eye offers AI-augmented remote video monitoring (RVM) services to clients across sectors, including retail, manufacturing, critical infrastructure, and multifamily residential. Blue Eye was founded in 2012 and is headquartered in Salt Lake City, Utah.

Add-on Acquisition

Motorola Solutions
Company
Technology Hardware
Chicago, Illinois
www.motorolasolutions.com

-
Deal Article Deal Link  
2025-11-18 CanQualify
Software
Lehi, Utah
www.lakefs.io

CanQualify provides intuitive software and expert support to qualify and manage suppliers, ensuring compliance with safety, sustainability, and operational requirements. The platform streamlines prequalification, connects users with vetted partners, and drives efficiency in supply chain management. CanQualify is based in Lehi, Utah.

Add-on Acquisition

Tang+Company
Company
Consumer Services
Torrance, California
www.tangandcompany.com

-
Deal Article Deal Link  
2025-11-14 Innovasis
Medical Products
Salt Lake City, Utah
www.innovasis.com

Innovasis is a vertically integrated medical device company specializing in the design, manufacture, and distribution of implants used to treat a wide range of musculoskeletal (MSK) and orthopedic disorders. Innovasis was founded in 2004 and is based in Salt Lake City, Utah.

Buyout (LBO, MBO, MBI)

Roots Equity Group LLC
Investor
www.rootsequitygroup.com

-
Deal Article Deal Link  
2025-11-12 Tonic Health
Internet Software and Services
Murray, Utah
www.tonicforhealth.com

Tonic Health offers a mobile and web-based patient intake and contactless check-in platform that enables healthcare providers to collect patient data, e-consents, payments, and satisfaction/outcome surveys from any device before or at the point of care. Tonic Health is based in Murray, Utah.

Divestiture

Luma Health
Company
Internet Software and Services
San Mateo, California
www.lumahealth.io

SCI Solutions, Inc.
Company
Information Technology
Seattle, Washington
www.scisolutions.com

Deal Article Deal Link  
2025-11-11 Ambia Solar
Renewable Energy
Lindon, Utah
www.ambiaservices.com

Ambia Solar is a residential solar energy company that designs, installs, and maintains solar power systems for homeowners. It provides personalized solar solutions, flexible payment options, and emphasizes transparency in its operations. Ambia Solar is based in Lindon, Utah.

Add-on Acquisition
Value

$38

SunPower
Company
Renewable Energy
Orem, Utah
www.sunpower.com

-
Deal Article Deal Link  
2025-11-10 Inertial Sense
Semiconductors
Salem, Utah
www.inertialsense.com

Inertial Sense designs and manufactures miniature, high-performance inertial measurement units (IMUs), inertial navigation systems (INS), and GNSS/INS sensor modules for applications in robotics, autonomous vehicles, aerospace, surveying, and defense. Inertial Sense was founded in 2013 and is headquartered in Salem, Utah.

Add-on Acquisition

Hexagon
Company
Information Technology
Stockholm, Sweden
www.hexagon.se

-
Deal Article Deal Link  
Avg $788
17.2x EBITDA
4.7x REVENUE

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