How is IBG Business driving mid-market M&A momentum in 2025 across multiple industries?
IBG Business, a long-standing M&A advisory firm headquartered in Denver, has confirmed the completion of six new transactions that span the automotive retail, technology services, building materials, and energy sectors. The deals—announced on September 2, 2025—underscore the strength and resilience of the U.S. lower mid-market segment, as well as a broadening appetite among private equity firms, consolidators, and entrepreneurial buyers for well-positioned, legacy businesses.
Founded in 1986, IBG Business has become a consistent presence in middle-market dealmaking across the United States, with more than 1,200 successful transactions brokered to date. The latest slate of completed deals reflects not just IBG’s sell-side specialization, but a deeper undercurrent of continued optimism in private business acquisition—despite macroeconomic uncertainty and rising capital costs that have clouded other segments of the M&A landscape.
Institutional sentiment surrounding privately held companies remains notably strong in 2025, particularly in industries that are demonstrating regional consolidation potential or technology-led services expansion. Analysts tracking U.S. M&A activity note that while mega-deals remain subdued, mid-sized and sector-diverse acquisitions like those facilitated by IBG Business are supporting deal flow stability and offering liquidity to founders at attractive multiples.
What businesses were acquired and who are the buyers in IBG Business’s latest transaction cycle?
Among the most notable transactions, IBG Business facilitated the sale of Peerless Tyre Co. (operating under the brand name Peerless Tires 4 Less) to Gills Point S Tire & Auto Service, a growing automotive service chain. The acquisition enables Gills to expand its footprint to 121 store locations across 17 U.S. states, marking a significant geographic expansion for the buyer and an effective exit strategy for the Peerless sellers.
In another strategic transaction, Hastings Water Works, a Brecksville, Ohio-based pool management and services company, was acquired by Horizon Commercial Pools. The deal broadens Horizon’s service area, adding operational scale and client base synergies in a niche seasonal service segment that has seen increased demand post-pandemic due to home-centric lifestyle shifts.
On the technology front, DPG Solutions, LLC, a boutique IT consulting and systems integration firm, was acquired by Evergreen Services Group, a holding company with a reputation for assembling a network of MSPs (Managed Service Providers) and consulting firms under a decentralized model. Evergreen’s acquisition is expected to strengthen its portfolio in enterprise IT services, cloud consulting, and systems integration—a segment that remains buoyant due to digital transformation tailwinds across SMBs.
Additionally, IBG Business oversaw the sale of Heights Lumber Center, a regional lumber and building materials supplier, to a pair of individual entrepreneur-buyers known as the Daley brothers. This acquisition reflects the continued interest from new-generation owner-operators in acquiring legacy retail and distribution businesses with strong community roots and dependable cash flow.
In the energy and logistics vertical, Sullivan Oil & Propane, a long-time client of IBG, was acquired by Energy Distribution Partners (EDP)—a national propane distributor actively pursuing market share expansion through acquisition. The transaction gives EDP a stronger footprint in regional distribution and customer service, consolidating its position in the fragmented propane retail market.
Finally, VisionMakers International, LLC, a supplier of architectural stone and iron doors, was acquired by BizGro Partners, a private investment management company with a track record of acquiring growth-ready businesses. VisionMakers’ specialized product line and custom design capabilities offer vertical integration potential for the buyer’s portfolio companies in home improvement and decorative hardware.
Each of these transactions demonstrates a unique seller profile—from founder-led legacies and multi-generational family businesses to niche professional services firms—highlighting the range of businesses that continue to attract strategic and financial buyers in 2025.
Why are buyers targeting legacy firms across retail, energy, and consulting sectors in this climate?
According to industry observers, the U.S. M&A environment for mid-market and lower mid-market firms has remained resilient in 2025, supported by a combination of aging business owners seeking exits, family succession challenges, and the availability of capital from both private equity and strategic consolidators.
For retail and consumer-facing businesses like Peerless Tires 4 Less and Heights Lumber Center, acquisition interest is being driven by buyers aiming to secure reliable cash flow, strong local brand presence, and real estate-backed assets in growing suburban markets. In sectors like propane distribution and pool management services, regional roll-ups are gaining momentum, especially as buyers seek to streamline fragmented service models and optimize route density or labor utilization.
On the professional services side, tech-enabled firms like DPG Solutions are benefiting from buyer interest due to their predictable recurring revenue models, embedded client relationships, and access to skilled labor—all of which are increasingly difficult to scale organically in the current employment market. Acquirers like Evergreen Services Group continue to pursue highly targeted acquisitions that fit into larger decentralized platforms—an M&A model that has gained significant traction over the past five years.
IBG Business Managing Partner Tim Atwell emphasized that these transactions are more than just financial exchanges. In his statement, he noted that the sale of a business often represents the “culmination of your hard work, your vision, and your legacy.” Atwell reiterated that IBG’s national team brings decades of sell-side transaction experience and a confidential, client-focused process to every deal, ensuring that business owners receive fair market value while preserving their operational legacy.
What does this mean for middle-market sellers considering an exit in 2025 and beyond?
The successful completion of these six transactions adds further momentum to the narrative that private business owners—particularly those in mature, cash-generative sectors—are well-positioned to explore exit opportunities in today’s environment. With elevated interest rates and a tightening credit market reducing the leverage appetite for larger deals, investors are increasingly focused on acquiring smaller, profitable companies with clean balance sheets and owner stability.
Analysts believe that sell-side advisory firms like IBG Business are playing a crucial role in matching the right buyers with sellers who may not be actively seeking a deal, but are open to the right valuation and succession plan. The emotional and operational complexity of selling a family or founder-owned business also requires deep sectoral insight, confidentiality, and deal execution capabilities—areas where specialized M&A firms like IBG are proving increasingly valuable.
Moreover, institutional buyers such as private investment firms, family offices, and regional consolidators are expected to continue deploying capital in sub-$50 million deal ranges. As such, mid-sized companies with strong financials, loyal customer bases, and growth potential may find themselves at the center of competitive acquisition interest in the coming quarters.
What does IBG Business’s deal pipeline and national presence look like heading into 2026?
IBG Business operates across 10 principal offices nationwide and continues to serve a wide range of clients in the sale and purchase of privately held businesses. With over 1,200 transactions completed since its inception, the firm maintains a strong reputation in guiding owner-operators through complex M&A events.
While the firm did not disclose any upcoming deal specifics, the pace of recent closures suggests that its current pipeline remains active. Given the diversity of sectors involved in the most recent deals—from architectural manufacturing and propane distribution to IT consulting and retail—the firm appears well-positioned to capture continued demand from both strategic and financial buyers.
The narrative emerging from IBG’s latest announcement is clear: the mid-market M&A engine in the U.S. is alive and well. Entrepreneurs, second-generation business owners, and consolidators alike are tapping into the expertise of sell-side advisors to unlock value, navigate transitions, and pursue strategic expansion in 2025’s dealmaking landscape.
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