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Date Target Transaction Type
Value: $mlns
Acquirer Seller
2025-12-17 Notary Hub
Business Services
Seattle, Washington
www.notaryhub.com

Notary Hub is a digital platform that provides remote online notarization (RON) services, allowing individuals and businesses to have documents notarised securely over live audio-video connections without meeting in person. Notary Hub is based in Seattle, Washington.

Add-on Acquisition

a360inc
Company
Business Services
San Antonio, Texas
www.a360inc.com

-
Deal Article Deal Link  
2025-12-10 InduPro
Life Science
Seattle, Washington
www.induprotx.com

InduPro is a biotechnology company defining and harnessing inherent and induced proximity biology to unlock next-generation therapeutics in cancer and autoimmune diseases. The Company develops therapeutics against novel, tumor-selective targets and co-target pairs using bispecific antibodies including antibody drug conjugates (ADCs) and T cell engagers (TCEs), fueling a robust pipeline of first- and best-in-class programs. InduPro is based in Seattle, Washington.

Growth Capital

Sanofi
Company
Life Science
Paris, France
www.sanofi.com

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Deal Article Deal Link  
2025-12-09 Arena Sports
Leisure
Seattle, Washington
www.arenasports.net

Arena Sports is offering indoor soccer leagues, family entertainment centres, birthday parties, camps, fitness, and youth programming across its multi-location footprint. Arena Sports was founded in 1995 and is based in Seattle, Washington.

Advisor: Boxwood Partners
Add-on Acquisition

Bay Clubs
Company
Leisure
San Francisco, California
www.bayclubs.com

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Deal Article Deal Link  
2025-12-08 Hexas
Life Science
Olympia, Washington
www.hexas.com

Hexas is a biomaterials company that develops regenerative, plant-based raw materials as alternatives to wood, food-crop-derived fuels, and fossil fuel–based feedstocks. The Company grows a proprietary perennial grass (branded XanoGrass) and processes it into a fiber product (XanoFiber) that can be used across industries, including packaging, textiles, composites, energy, and biochemicals, without requiring changes to existing manufacturing systems. Hexas was founded in 2018 and is based in Olympia, Washington.

Add-on Acquisition
Value

$7

Bioleum
Company
Business Services
Oklahoma City, Oklahoma
www.bioleum.com

-
Deal Article Deal Link  
2025-12-04 SecureSave
Software
Kirkland, Washington
www.securesave.com

SecureSave provides workplace-based emergency savings accounts (ESAs), enabling employers to offer a benefit that helps employees automatically save money from their paychecks for unexpected expenses. The platform is designed for easy deployment by employers and aims to improve financial wellness by making savings automatic, accessible, and supported with optional employer matching and incentives. SecureSave is based in Kirkland, Washington.

Advisor: SenaHill Partners
Add-on Acquisition

HSA Bank
Company
Financial Services
Sheboygan, Washington
www.hsabank.com

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Deal Article Deal Link  
2025-12-03 AAR Testing and Inspection
Test/Measurement Equipment
Redmond, Washington
www.aartesting.com

AAR Testing and Inspection provides materials testing, special inspection, and quality-control services for construction projects. AAR Testing and Inspection was founded in 1989 and is based in Redmond, Washington.

Add-on Acquisition

SOCOTEC
Company
Business Services
Guyancourt, France
www.socotec.com

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Deal Article Deal Link  
2025-12-02 UST Training
Education
Langley, Washington
www.usttraining.com

UST Training provides online training courses for operators of underground storage tank (UST) systems, aimed at ensuring compliance with state and federal safety and environmental regulations. UST Training was founded in 2003 and is based in Langley, Washington.

Add-on Acquisition

360training
Company
Education
Austin, Texas
www.360training.com

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Deal Article Deal Link  
2025-11-26 CMS Companies
Transportation
Kent, Washington
www.cmscompanies.com

CMS Companies provides moving, relocation, warehousing and logistics services for households and businesses, including local, long-distance, interstate, and international moves, as well as office relocations and storage solutions. CMS Companies is headquartered in Kent, Washington.

Merger

Mesa Moving and Storage
Company
Transportation
Grand Junction, Colorado
www.mesamoving.com

-
Deal Article Deal Link  
2025-11-25 SeaWestern
Safety/Security
Kirkland, Washington
www.seawestern.com

SeaWestern is a provider of firefighting and safety solutions that offers a wide range of gear and equipment, including fire apparatus, PPE, thermal imaging cameras, detection instruments, and technical rescue tools. SeaWestern was founded in 1945 and is based in Kirkland, Washington.

Add-on Acquisition

MES Life Safety
Company
Safety/Security
Sandy Hook, Connecticut
www.mesfire.com

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Deal Article Deal Link  
2025-11-24 Systems for Public Safety
Safety/Security
S. Lakewood, Washington
www.systemsforpublicsafety.com

Systems for Public Safety is a provider serving law enforcement, fire, and municipal agencies across the region, as public safety agencies nationwide contend with more complex vehicle specifications, longer lead times, and pressure to maximise equipment uptime. Systems for Public Safety was founded in 2001 and is headquartered in Lakewood, Washington.

Add-on Acquisition

LEHR
Company
Distribution
Reno, Nevada
www.lehr.com

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Deal Article Deal Link  
2025-11-19 Aaron Packaging’s Distribution Business
Distribution
Sumner, Washington

Aaron Packaging’s Distribution Business supplies glass, metal and plastic containers and closures.

Divestiture

Novvia Group
Company
Packaging
Atlanta, Georgia
www.novviagroup.com

Aaron Packaging
Company
Packaging
Sumner, Washington
www.aaronpackaging.com

Deal Article Deal Link  
2025-11-18 Spiral
Information Technology
Seattle, Washington
www.spiralup.co

Spiral is a tech company that uses AI to analyze customer feedback, including chats, calls, surveys, and reviews, to detect and prioritize issues in customer support, product, and CX teams. Its system applies large language models (LLMs) to root-cause problems and raises alerts about emerging trends, helping companies act before issues escalate. Spiral was founded in 2018 and is headquartered in Seattle, Washington.

Add-on Acquisition

UJET
Company
Internet Software and Services
San Francisco, California
www.ujet.cx

-
Deal Article Deal Link  
2025-11-13 Archenia
Software
Seattle, Washington
www.archenia.com

Archenia is a performance-based customer acquisition company that leverages AI and natural-language analytics to convert consumer intent into verified, outcome-based results such as appointments and sales. Archenia was founded in 2020 and is headquartered in Seattle, Washington.

Add-on Acquisition

Marchex
Company
Information Technology
Seattle, Washington
www.marchex.com

-
Deal Article Deal Link  
2025-11-13 Discuss
Software
Seattle, Washington
www.discuss.io

Discuss offers a software platform designed for qualitative market research, enabling brands, agencies, and research teams to conduct live video interviews, self-paced feedback, and AI-assisted analysis with consumers around the world. Discuss was founded in 2012 and is headquartered in Seattle, Washington.

Advisor: Canaccord Genuity
Growth Capital

Terminus Capital Partners
Investor
Private Equity Firm
Atlanta, Georgia
www.terminuscp.com

-
Deal Article Deal Link  
2025-11-11 NPS
Insurance
Longview, Washington

NPS provides alternative methods for nonprofit employers to meet unemployment insurance liabilities, including captive management solutions. NPS is based in Longview, Washington.

Add-on Acquisition

The Amynta Group
Company
Insurance
New York, New York
www.amyntagroup.com

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Deal Article Deal Link  
2025-11-10 Superblocks
Information Technology
Washington
www.superblocks.xyz

Superblocks describes itself as an AI-powered platform that enables users to build websites, landing pages, and simple web applications (via natural-language prompts and modern frameworks like React or Vue). Superblocks is based in Washington.

Add-on Acquisition

Banzai International, Inc.
Company
Internet Software and Services
Seattle, Washington
www.getbanzai.com

-
Deal Article Deal Link  
Avg $1,093
28.1x EBITDA
17.9x REVENUE

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