Financial Services Acquisitions in Arizona

Boston-based CW Advisors has acquired Rovin Capital, a fee-only RIA with offices in Lehi, Utah and Mesa, Arizona, adding $849 million in combined assets under management and advisement. The undisclosed-term deal expands CWA's footprint in the western United States — giving CWA its first Utah office and making Mesa its second Arizona location — and positions Rovin to lead regional growth efforts.

EP Wealth Advisors, a fee-only registered investment advisor, has partnered with Capital Insight Partners, a Scottsdale-based wealth management firm with over $730 million in AUM, and integrated the CIP advisory team into EP Wealth’s Arizona region. Nine members of the CIP team will join EP Wealth; CIP co-founder Susan Anastasiadis will join EP Wealth as Senior Vice President. Financial terms were not disclosed.

Modern Wealth Management has acquired Mesa, Arizona-based Public Safety Financial/Galloway (PSF/Galloway), an RIA managing $1.1 billion in assets, and has launched a dedicated Public Safety Financial division to serve first responders and public safety families. The deal establishes Modern Wealth's first office in Arizona and expands its national footprint and advisor support through a new Phoenix Organic Growth Hub.

Safeguard Investment Advisory Group has acquired Solutions First Financial Group and opened a new office in Scottsdale, Arizona on April 1, 2025. The deal marks Safeguard's first office outside California as the firm expands its wealth management and retirement planning services into Arizona.

True Path Capital Strategies, LLC has acquired the Oregon, Washington, California and Idaho branches of Premier Wealth Strategies from retired financial professional Jon S. Rustad. The deal expands True Path's geographic footprint and client base as part of its growth strategy to serve more households with retirement and wealth management services.

GTCR has acquired Concord Servicing, a Scottsdale-based provider of software and administration services for specialty loan servicing, from Inverness Graham. GTCR will partner with new CEO Dhruv Vakharia and plans to accelerate Concord's product and M&A-driven growth to broaden its offering across specialty lending end markets.

Ready Capital Corporation has acquired Madison One (including M1 CUSO and Madison One Lender Services), a Scottsdale-based originator and servicer of USDA- and SBA-guaranteed loans. The acquisition expands Ready Capital's USDA lending presence, is expected to generate substantial USDA volume, and will have Madison One operate as a Ready Capital subsidiary under its current name.

Concurrent Investment Advisors welcomed The Wealth Stewards — a merged, Arizona-based advisory team of nine professionals with over $500 million AUM — to its multi-custodial RIA platform. Concurrent will provide operational support, legal/transition assistance, and growth capital to help the firm expand services for high-net-worth and business-owner clients.

Bluespring Wealth Partners announced the acquisition of Scottsdale-based KDI Wealth Management, a 14-person firm overseeing over $750 million in client assets. KDI's founders (Kevin and Carrie Dick) and partner Shane Keith will join Bluespring while KDI also joins the Kestra Financial platform to access additional tools and resources and accelerate growth.

Integra Consumer Lending, part of Yes& Companies, acquired Aztec Pawn, a two-location pawnshop operator in the Phoenix area. The deal expands Integra’s pawn division to ten locations and strengthens its footprint in the Southwestern United States.

Alera Group Retirement Plan Services, a division of Alera Group, has acquired Fraser Group, a retirement plan consulting practice led by industry veteran George Fraser. Fraser and his Scottsdale, Arizona–based team will join Benefit Commerce Group's retirement plan services division (an Alera Group company) to strengthen Alera's retirement plan capabilities; terms were not disclosed.

Concord Servicing, a portfolio company of Inverness Graham, has acquired Equiant, a Chandler, Arizona-based loan servicer with a $1.5 billion loan portfolio and more than 175,000 consumer loans. Balance Point Capital Advisors provided follow-on financing to Concord to facilitate the transaction; terms were not disclosed.

Waco, Texas-based JULY (July Business Services, LLC) has acquired Tempe, Arizona-based recordkeeper and third-party administrator Sunwest Pensions. The acquisition adds roughly 500 plan clients and 26 employees to JULY as part of its continued national expansion following prior PE investment from Platform Partners LLC.

Heffernan Financial Services acquired Ascendant Financial Solutions, a Registered Investment Advisor with offices in Flagstaff, Phoenix and Mesa, Arizona. Founder JD Hoyt and his team joined Heffernan effective May 1, 2023, expanding Heffernan’s wealth management capabilities and presence in Arizona.

Integrity Marketing Group has acquired Sellyei & Rundle, an independent marketing organization (IMO) based in Tucson, Arizona, to expand Medicare distribution and access for seniors. Financial terms were not disclosed; Lisa Rundle, President of Sellyei & Rundle, will join Integrity and leverage Integrity’s insurtech platform and shared services to scale the agency’s Medicare business.

CrossFirst Bankshares, Inc. will acquire Canyon Bancorporation, Inc. and its subsidiary Canyon Community Bank, N.A. in a stock-and-cash transaction valued at an estimated $15.1 million. The deal adds a Tucson branch and core deposit base (Canyon Bank: $122M loans, $169M deposits as of March 31, 2023) to CrossFirst's regional banking footprint and is expected to close in H2 2023 subject to regulatory approval.

Arthur J. Gallagher & Co. has acquired Phoenix-based Viking Bond Service, Inc., a surety bond agency founded in 2002. The acquisition expands Gallagher's surety capabilities and integrates Viking's team into Gallagher's retail property/casualty brokerage operations; terms were not disclosed.

Heffernan Financial Services acquired Osland Financial Group of Scottsdale, Arizona, effective November 1, 2022. Michael Osland and his team of four employees joined Heffernan as part of the firm's expansion in the Southwest, adding the Osland office as Heffernan's second Arizona location.

TimePayment, a Boston-based FinTech owned by affiliates of Fortress Investment Group, has acquired QuickSpark Financial, an e-commerce-focused equipment financing firm based in Tempe, Arizona. The deal brings QuickSpark’s vendor integrations, active leases (including those held by Briland Capital and QSE Capital), and its team into a new QuickSpark strategic business unit within TimePayment to expand e-commerce capabilities and market reach.

HUB International Limited acquired the assets of WealthPlan Advisors, LLC, an independent Scottsdale-based investment advisor, to expand its retirement and wealth advisory capabilities in the Southwest. WealthPlan Advisors had nearly 600 clients and managed more than $2.3 billion in assets as of March 2022; terms were not disclosed and the firm was represented by Wise Rhino Group.

Alerus Financial Corporation completed its acquisition of MPB BHC, Inc., the bank holding company for Metro Phoenix Bank, expanding Alerus’ presence in the Phoenix metro area. The all-stock transaction adds approximately $453 million in assets and increases Alerus’ Arizona deposit footprint and branch network, with Metro Phoenix Bank leadership joining Alerus’ Arizona management team.

IDIQ has acquired Credit Swag Ventures, Inc., which operates as Credit & Debt, adding the fintech-financial education site creditanddebt.org and the Money Sensei personal financial management platform to its member services. The acquisition brings Credit & Debt CEO Jeff Mandel into IDIQ as president of IDIQ Monetization and expands IDIQ's financial wellness, educational content, and third-party monetization capabilities.

Creative Planning LLC, a large independent wealth management firm based in Overland Park, Kansas, has acquired Keystone Wealth Partners, an Arizona- and North Dakota-based wealth management firm managing over $644 million in AUM. The deal adds Keystone's 29 employees and 13 advisors to Creative Planning's platform and expands Creative Planning's advisory footprint and capabilities in tax, estate and holistic financial planning.

Inverness Graham, a private investment firm based in Wayne, Pennsylvania, has acquired Concord Servicing Corporation, a Scottsdale, Arizona–based provider of loan servicing and custom financial technology solutions serving the solar, home efficiency and vacation loan markets. The deal is the fourth platform investment for Inverness Graham IV; financial terms were not disclosed.

Inverness Graham has invested in Concord Servicing Corporation, partnering with the company's founding owners to support scaling of its loan servicing and SaaS platform. Balance Point Capital provided a creative financing solution to facilitate Inverness Graham's acquisition; Concord remains headquartered in Scottsdale, Arizona and serves originators, lenders and capital providers across end markets including home improvement, solar/energy efficiency and vacation ownership.

Inszone Insurance Services, a California-based full-service insurance brokerage, has acquired Desert Mountain Insurance Services, Inc., a Scottsdale, Arizona agency that specializes in insurance for the healthcare community including medical malpractice. Desert Mountain will continue operating from its current location and serving clients under both the Desert Mountain and Inszone brands as Inszone further expands its national footprint and capabilities in healthcare-related insurance.

Simplicity Group acquired Independent Planners Group (IPG), a Scottsdale-based independent insurance wholesaler, marking IPG as the 30th company to join Simplicity's partnership. As part of the deal, founders Mike Kelley and Brian Kelley join as partners, and IPG will gain access to Simplicity’s sales, marketing and distribution resources to support advisors with life insurance, annuities and long-term care solutions.

Valley National Bancorp has acquired Arizona-based Dudley Ventures and its affiliates (DV Community Investment, DV Fund Advisors and Dudley Ventures Advisory Services). The acquisition brings Dudley’s tax-credit investment, structuring and syndication expertise into Valley’s commercial real estate and community development capabilities to support investments in economically distressed communities nationwide.

REPAY Holdings Corporation agreed to acquire BillingTree, a Scottsdale-based provider of omnichannel integrated payments solutions, from Parthenon Capital for approximately $503 million in a mix of cash and REPAY stock. The deal expands REPAY's presence in healthcare, credit unions and accounts receivable management verticals and adds BillingTree's technology, ~1,650+ clients and 50+ ISV integrations to REPAY's platform.

SitusAMC Holdings Corp. has acquired Assimilate Solutions, a provider of mortgage and title knowledge process outsourcing and IT outsourcing solutions. The deal expands SitusAMC's residential mortgage origination offering and its footprint in India; Assimilate's management team will be retained.

Mercer Global Advisors (Mercer Advisors) has acquired Rowland Carmichael Advisors, Inc. (RCA), a Scottsdale-based wealth management and family office firm. The deal (closed Dec 31, 2020) brings RCA’s nine-person team and its retirement-plan capability into Mercer’s existing Scottsdale office to expand Mercer’s Arizona presence and augment its ERISA/retirement plan business.

Allworth Financial has entered into a definitive agreement to acquire Pathways Financial Partners of Tucson, Arizona. The deal adds roughly $158 million of assets under management to Allworth, bringing the firm's total AUM to over $9.5 billion and expands Allworth's presence into Arizona; the transaction is expected to close prior to year-end.

AmeriLife Group, LLC has acquired a majority interest in J.D. Mellberg Financial, a Tucson-based annuity and retirement planning firm. The deal strengthens AmeriLife's retirement and annuity distribution capabilities; the combined organization represents more than $4.8 billion in annual annuity premium and J.D. Mellberg's founder Joshua Mellberg will remain with the business as a principal.

Kingsbridge Holdings LLC has acquired Technology Finance Corporation (TFC), a Scottsdale-based provider of IT equipment and software leasing and financing for small and mid-sized businesses. The deal, terms undisclosed, expands Kingsbridge's leasing platform and capabilities in the SMB IT leasing and vendor finance channels; Kingsbridge is majority-owned by private equity firm TZP Group.

Reverence Capital Partners agreed to buy Advisor Group, Inc. from Lightyear Capital and the Public Sector Pension Investment Board (PSP Investments) in a deal announced May 2019 and expected to close in Q3 2019. Lightyear and PSP will retain minority stakes and Advisor Group’s existing management (Jamie Price as CEO) will remain in place as the firm continues to grow its network of financial advisors and assets under administration.

Arthur J. Gallagher & Co. (Gallagher) acquired Cohn Financial Group, LLC, a Phoenix-based private placement life insurance distributor, in a transaction announced Feb. 17, 2015; terms were not disclosed. The acquisition brings specialized private placement variable universal life and annuity distribution capabilities and high-net-worth client relationships into Gallagher's employee benefits operations, with Michael Cohn and his team remaining in place under Norbert Chung.