Acquisitions in Arizona, United States

Carson Group announced it has fully acquired its Carson Wealth office in Scottsdale, Arizona, bringing the long-time partner practice under full ownership as it expands its national advisory network. The acquired practice, led by managing partner and wealth advisor Brent Pine, oversees about $430 million in assets under management and previously joined Carson in 2021 via a minority equity partnership after operating as Integrated Wealth Management.

Pine Environmental Services announced it has acquired Terratech Environmental Equipment & Supplies to expand its presence in the Arizona environmental market. Terratech, founded in 2006 and headquartered in Tempe, Arizona, provides air, water quality, and soil sampling equipment through rentals, equipment/supplies sales, and maintenance and calibration services. Terratech founder and owner Dean Ferrin will support the transition as the business integrates into Pine Environmental.

Conscious Capital Growth (CCG), in partnership with Petra Capital Partners, completed the acquisition of RD Nutrition Consultants, a national provider of specialized dietitian consulting services to healthcare facilities across the United States. Following the deal, RD Nutrition will continue operating under its existing brand, with founder Robert DeLair remaining CEO and retaining a meaningful ownership stake. The new owners plan to support organic growth, expand RD Nutrition’s telehealth and GLP-1-related nutrition offerings, and pursue selective add-on acquisitions.

IdentiBrands Powered by Proforma, a Phoenix-based promotional products distributor, has acquired fellow Phoenix distributor Absolute Ink Promotional Products, Inc. Financial terms were not disclosed; Absolute Ink was founded in 1999 and has more than 28 years of industry experience. The transaction aligns with IdentiBrands’ strategy to expand by acquiring like-minded businesses, with support from Proforma’s Mergers & Acquisitions team.

Grant Avenue Capital, LLC acquired 21st Century Healthcare, Inc., a manufacturer and distributor of vitamins, minerals, and supplements for both humans and pets. The partnership is intended to support expansion into new markets, enhanced product offerings, and scaled manufacturing and contract manufacturing capabilities; financial terms were not disclosed.

US LBM acquired XO Windows, a Phoenix-headquartered regional supplier and installer of windows and doors serving residential and commercial builders in the Phoenix and Las Vegas-Henderson metro areas (with an additional location in Tucson). Following the deal, XO Windows’ Phoenix operation was integrated into US LBM’s Arizona Building Supply (AZBS) division and its Nevada locations joined US LBM’s Desert Companies division, expanding US LBM’s window and door product depth and installation capabilities across its western footprint.

Prime Pensions, Inc. (PPI) acquired The Raymond Company Pension Services LLC, a third-party administrator of retirement plans headquartered in Mesa, Arizona. The transaction marks PPI’s entry into the Arizona market and supports its broader expansion into the Southwest; financial terms were not disclosed.

ACES, a clinically driven autism therapy provider, acquired Ally Pediatric Therapy, a Phoenix-based provider of applied behavior analysis (ABA) as well as speech-language and occupational therapy services. Ally Pediatric Therapy was acquired from SBJ Capital, expanding ACES’s platform and access to autism services in the Greater Phoenix, Arizona market.

Arrivia, a global travel loyalty and technology company, announced the acquisition of Bon Voyage Travel, a luxury-focused travel agency specializing in premium and luxury cruise advisory. Bon Voyage Travel will continue operating under its existing brand, with President Ryan Hansen remaining in his role and founder Peter Evans staying involved in an advisory capacity; financial terms were not disclosed.

Arxis, a portfolio company of Arcline Investment Management, acquired Micro-Tronics, Inc. (MTI), a Tempe, Arizona-based manufacturer of engineered elastomeric and metallic components for mission-critical commercial aerospace and defense applications. The deal expands Arxis’s Mechanical Components segment by adding MTI’s materials-science-driven elastomeric diaphragm seals and high-precision EDM manufacturing capabilities. Financial terms were not disclosed.

Ridgemont Equity Partners acquired CRS, a tech-enabled insurance claims services provider offering temporary housing and managed repair solutions for insurance carriers and policyholders nationwide. CRS was previously majority-owned by Reverence Capital Partners, which invested in the company in December 2021 and has now completed its sale to Ridgemont; CRS management will remain significantly invested alongside the new owner.

EP Wealth Advisors, a fee-only registered investment advisor, announced a partnership with (acquisition of) Capital Insight Partners, LLC, a Scottsdale, Arizona-based wealth management firm with more than $730 million in AUM. As part of the transaction, nine team members from Capital Insight Partners will join EP Wealth, including co-founder Susan Anastasiadis as Senior Vice President. Financial and legal terms were not disclosed.

Security 101 acquired Electronic Security Concepts (ESC), a full-service electronic security systems integrator headquartered in Scottsdale, Arizona. ESC will operate as part of the Security 101 family of companies, with ESC Founder and President Joe Menke continuing to lead the business as General Manager, and Renee Menke supporting the transition and growth initiatives.

itSynergy, a provider of IT and cybersecurity services to Registered Investment Advisers (RIAs), acquired the Itegria line of business from Comply. The deal shifts responsibility for the IT and cybersecurity services historically delivered through Itegria to itSynergy, while Comply continues focusing on its regulatory technology and compliance platform.

Torginol, a manufacturer and marketer of decorative flake, quartz and other specialty products for resinous flooring systems, has completed the acquisition of Chips Unlimited. Chips Unlimited, headquartered in Tempe, Arizona, is the second-largest producer of decorative flake products; financial terms were not disclosed.

Precision Aviation Group, Inc. (PAG) announced the acquisition of H.E.R.O.S. Inc., a Rolls-Royce M250/RR300 turbine engine maintenance, repair, and overhaul (MRO) provider. H.E.R.O.S., founded in 1988 and headquartered in Chandler, Arizona, adds specialized engine MRO capacity and expands PAG’s geographic footprint and M250/RR300 support facilities.

ATS Mako, a portfolio company of Saffar Capital, announced the acquisition of Applicant Starter to expand its customer base and strengthen its position in applicant tracking and hiring automation across the United States. Following the deal, the Applicant Starter platform will be discontinued before year-end, and ATS Mako is offering a transition and migration program for existing users.

Republic Airways Holdings Inc. announced the completion of its merger with Mesa Air Group, Inc., creating a combined publicly traded regional airline. Under the merger terms, Republic stockholders own approximately 88% of the combined company’s common stock, while Mesa stockholders will own at least 6% and up to 12%, subject to settlement of Mesa’s pre-closing obligations.

Corsica Technologies acquired AccountabilIT, a managed IT services and cybersecurity provider with deep Microsoft expertise, expanding Corsica’s national footprint and AI-enabled managed services capabilities. The combination (described by WestView Capital Partners as a strategic merger) brings together WestView’s portfolio company AccountabilIT with Inverness Graham’s portfolio company Corsica to form a scaled national managed security and IT services platform; financial terms were not disclosed.

Kian Capital-backed Diamond Landscaping completed the acquisition of Arizona Outdoor Designs (AZOD), a luxury residential landscaping provider serving the greater Scottsdale/Phoenix area. The deal expands Diamond Landscaping into the Arizona market as part of its strategy to build a national luxury residential landscaping platform through add-on acquisitions; AZOD founder and co-owner Rich Dobbs and the full leadership team will remain with the business.

Valence Surface Technologies LLC acquired Foresight Finishing, a provider of precious-metal surface treatment and plating services for highly engineered aerospace and defense products. Foresight, founded and operated by Casey and Joe Weizel, operates a single facility in Tempe, Arizona with approximately 110 employees; financial terms were not disclosed. The deal is an add-on acquisition for the Valence platform, which is majority-owned by ATL Partners and British Columbia Investment Management Corporation (BCI).

Arthur J. Gallagher & Co., through its claims and risk management solutions subsidiary Gallagher Bassett, acquired 100% of Safe T Professionals LLC of Chandler, Arizona. Gallagher Bassett previously held a minority stake in the business, and transaction terms were not disclosed. Safe T Professionals provides environmental, health and safety (EHS) management, consulting, and staffing services for construction and manufacturing clients.

Trinity Consultants, a global environmental consulting firm, acquired GeoSystems Analysis, Inc. (GSA), a hydrology and natural resources consultancy headquartered in Tucson, Arizona. GSA will operate as a business unit within Trinity’s Water & Ecology division, expanding Trinity’s capabilities in water resources and ecological solutions across North America and international markets.

VIAVI Solutions Inc. has completed the all-cash acquisition of Spirent Communications plc's high-speed ethernet, network security and channel emulation testing business from Keysight Technologies, Inc. The purchase price was $425 million, and the acquired business is expected to contribute approximately $180 million to VIAVI's Network Service Enablement revenue in the first 12 months post-close.

Nautic Partners, in partnership with Cenavera’s management team, completed the acquisition of Cenavera Nutrition, LLC from Harkness Capital Partners. Headquartered in Scottsdale, Arizona, Cenavera is a leading independent provider of fully outsourced K-12 school foodservice management across 33 U.S. states.

Sunflower Industrial announced the acquisition of Arizona Epoxy Systems (AES), a commercial and industrial resinous flooring system installer headquartered in Tempe, Arizona. AES will operate as Sunflower Industrial’s Southwest Region Headquarters, partnering with Sunflower’s existing businesses Epoxy Coating Specialists and Desco Floor Systems to support a national offering.

ZenaTech, Inc. announced the closing of its acquisition of Putt Land Surveying, Inc., a Tucson, Arizona-based land survey firm. The deal is intended to accelerate ZenaTech’s Drone as a Service (DaaS) growth and expand surveying and drone-enabled service capacity across the Phoenix area and the state of Arizona. This marks ZenaTech’s eleventh acquisition supporting its U.S. DaaS expansion strategy.

Revelation Pharma, a national network of 503A and 503B compounding pharmacies, acquired Acacia Apothecary & Wellness, a compounding pharmacy serving the Tucson, Arizona community. The deal expands Revelation Pharma’s national footprint and deepens its capabilities in hormone therapy, women’s health, and personalized medicine. Following the acquisition, Acacia founder Justin Brock will join Revelation Pharma as an Operational Consultant.

BrentCare Behavioral Health Holdings acquired Modern Recovery Network (MRN), expanding BrentCare from regional programs into a nationwide adolescent behavioral health continuum of care across all 50 states. MRN operates clinical subsidiaries including Modern Recovery Services and Avery's House, and the transaction closed immediately following execution of the definitive agreement.

Intuitive Machines, Inc. completed its previously announced acquisition of KinetX, Inc., a provider of deep space navigation, systems engineering, and constellation mission design. The stock acquisition was valued at $30 million before closing adjustments, consisting of approximately $15 million in cash and about 1,400,000 shares of Intuitive Machines common stock. The deal is intended to strengthen Intuitive Machines’ space data relay and navigation capabilities for lunar and interplanetary missions.

ALKEME Insurance announced the acquisition of Insurance Brokers of Arizona (IBOAZ), a full-service personal lines insurance agency headquartered in Gilbert, Arizona. The deal expands ALKEME’s personal lines presence in Arizona and strengthens its strategic footprint in the Southwest by adding a digitally forward independent agency.

Montway Auto Transport, a third-party logistics brokerage focused on automotive shipping, announced it has acquired automotive transport brokerage TurnTime Transport. The deal expands Montway’s dealer and auction transportation capabilities nationwide by adding TurnTime’s dealer-focused service model and carrier network.

Modern Wealth Management entered into an asset purchase agreement to acquire Public Safety Financial/Galloway (PSF/Galloway), a Mesa, Arizona-based registered investment adviser with $1.1 billion in assets under management. The acquisition expands Modern Wealth into Arizona/the Southwest and formally launches its Public Safety Financial division focused on serving first responders, government employees, military veterans, and their families.

AVI-SPL announced it has acquired CCS Presentation Systems Southwest (CCS Southwest), an audio-visual design and systems integration firm headquartered in Mesa, Arizona. AVI-SPL acquired only the CCS Southwest operating entity serving Arizona, expanding AVI-SPL’s presence and capabilities in the U.S. southwest region for UC, AV, collaboration, and experience technology services.

World Insurance Associates LLC acquired the business of SilverLeaf Insurance Group of Scottsdale, Arizona, with the transaction effective September 1, 2025. SilverLeaf, founded in 2009, provides business, health, life, and personal insurance lines to clients across multiple states. Financial terms were not disclosed.

Rochester Midland Corporation acquired Decon Water Technologies, LLC, a Phoenix, Arizona-based water treatment service provider with more than 30 years of expertise. The acquisition expands Rochester Midland’s wastewater treatment capabilities and adds Decon’s proprietary chemistry, automation, and technical team to Rochester Midland’s platform. Peak Rock Capital, which is associated with Rochester Midland, highlighted the deal as strengthening Rochester Midland’s water treatment service platform.

Community Management Holdings (CMH), backed by Charlesbank Capital Partners, acquired HOAMCO and Alamo Management Group (AMG), expanding CMH’s community association management platform. HOAMCO (Phoenix, Arizona) and AMG (San Antonio, Texas) will continue operating under their existing brands and leadership as CMH grows its national footprint.

Kinective, a banking operations platform provider, acquired ESQ Data Solutions, a provider of enterprise-grade ATM and self-service device management software. The deal expands Kinective’s Banking Operations Platform to include comprehensive cash device monitoring and management across branches, ATMs and ITMs, integrating ESQ’s real-time device analytics, alerting and automated recovery capabilities.

Rocket Lab Corporation completed the acquisition of the parent holding company of Geost, LLC from Lightridge Solutions (a portfolio company of ATL Partners) for $275 million (before closing adjustments). Consideration included approximately $125 million in cash and 3,057,588 shares of Rocket Lab common stock, plus a potential earnout of up to $50 million tied to future revenue targets. The deal adds Geost’s electro-optical and infrared payload/sensor systems for national security space missions, with operations continuing in Arizona and Virginia.

OneDigital, an insurance brokerage and HR/PEO services firm, has acquired Focus HR, Inc., a professional employer organization headquartered in Tucson, Arizona. The acquisition strengthens OneDigital’s national PEO expansion and adds Focus HR’s outsourced HR, payroll, benefits, workers’ compensation, and retirement services for small and mid-sized employers.

The JF Group (JF) acquired Maverick Petroleum Services, an Arizona-based petroleum service contractor. Maverick provides installation, maintenance, and repair for petroleum handling equipment, POS systems, and environmental testing, and the deal expands JF’s service coverage and footprint across the state of Arizona.

Wealth Enhancement, a national independent wealth management firm, acquired Manwaring Wealth Management, an independent registered investment advisor (RIA) based in Gilbert, Arizona. Manwaring Wealth Management is led by founder Joshua Manwaring and oversees more than $164 million in client assets; the transaction adds the team to Wealth Enhancement’s presence in the greater Phoenix area. The acquisition closed on July 31, 2025.

Inszone Insurance Services acquired Green Planet Insurance, LLC, a real estate-focused insurance brokerage based in Sun City West, Arizona. Green Planet, led by founder/CEO Daniel Ahluwalia, specializes primarily in personal lines insurance (notably homeowners policies) and will continue serving clients with enhanced carrier access and multi-state capabilities through Inszone.

Ancestry acquired iMemories, a Scottsdale, Arizona-based media digitization and cloud preservation company, to expand Ancestry’s family history and storytelling offerings with digitized photos and home videos. iMemories was previously backed by Landon Capital Partners and Greens Farms Capital, which exited their investment through the sale. Financial terms were not disclosed.

Clinisys acquired Orchard Software from Francisco Partners, combining two laboratory informatics software providers to expand cloud-based laboratory information system (LIS) capabilities across healthcare, life sciences, and public health. Francisco Partners, which bought Orchard in 2019, exited its investment as Orchard joins Clinisys to broaden its reach across physician office, reference, and veterinary laboratory markets.

Osaic, Inc. acquired a majority interest in Innovative Wealth Team, a succession-focused wealth management team managing approximately $700 million. The investment expands Osaic’s supported independence model by adding a turnkey succession and continuity solution for independent advisors approaching retirement; deal terms were not disclosed.

CEA CAPA Education Abroad, a portfolio company of Infinedi Partners, completed the acquisition of CIS Abroad, CISaustralia and Barcelona SAE (collectively “CIS”). The businesses were acquired from their parent company, Global Educators, expanding CEA CAPA’s education abroad and career readiness program offerings for U.S. and Australian undergraduate students globally.

TopBuild Corp. acquired Progressive Roofing from Bow River Capital in an all-cash transaction valued at $810 million. Progressive Roofing, a Phoenix, Arizona-headquartered provider of commercial roofing services, will join TopBuild following Bow River Capital’s investment beginning in September 2021.

Crown Concepts, an Arizona-based performance automotive business, acquired Racing Equipment Sales, which trades as Radical Arizona. Separately, Crown Concepts also signed a full dealership agreement with Radical Motorsport to serve as an official dealer for Radical race cars across sales, service, parts, and racing support in the Southwest.

Revelyst Inc. acquired GolfLogix, a golf course mapping and GPS/3D virtual reality golf app business, from 8AM Golf. The deal closed on July 9 and GolfLogix will be integrated into Revelyst’s Golf Technology platform; financial terms were not disclosed.

Southwest Strategies Group, a California-based communications and public outreach firm, acquired Kiterocket, a PR-forward marketing communications agency focused on emerging technologies, semiconductors, renewable energy, and sustainability. The deal expands Southwest Strategies Group’s footprint across the Western U.S. by adding Kiterocket’s offices in Phoenix and Seattle and adds new lines of business in technology and sustainable living led by Kiterocket’s founders.

Knightvest Capital acquired Avana Desert View, a 412-unit garden-style apartment community in Scottsdale, Arizona. The purchase represents the eighth investment in Knightvest’s Fund II and expands Knightvest’s Phoenix metro footprint to over 5,000 units owned and managed. Knightvest plans value-add renovations including modernizing unit interiors, refreshing common areas, and upgrading community amenities.

Marubeni Corporation has acquired Bubbies Ice Cream, a super-premium mochi ice cream and frozen novelty brand. Bubbies will become part of Marubeni America Corporation and continue operating and manufacturing out of Phoenix, Arizona, with the acquisition intended to support Bubbies’ next phase of growth using Marubeni’s global supply-chain resources and international reach.

Eternum LLC acquired the supplement brand Renewal Kit for Travelers. Following the acquisition, Eternum rebuilt and relaunched the product under the name Goal Time, a science-backed travel resilience supplement formulated with guidance from clinical nutritionist Dr. Patti Milligan.

SOLV Energy acquired Spartan Infrastructure, a high-voltage transmission contractor headquartered in Mesa, Arizona. The deal expands SOLV Energy’s transmission and distribution capabilities and supports its strategy to provide integrated, lifecycle power infrastructure services across the United States. Financial terms were not disclosed.

Inszone Insurance Services acquired Evers Insurance, LLC, an insurance agency based in Cave Creek, Arizona. Founded in 2011, Evers Insurance specializes in commercial insurance for the garage and auto dealer industries; the deal expands Inszone’s presence and capabilities in Arizona while providing Evers Insurance additional back-office resources to support growth.

AE Industrial Partners, LP acquired Air Transport Components (ATC), an aircraft component maintenance, repair, and overhaul (MRO) services provider. ATC will serve as the cornerstone of a newly established aerospace component MRO services platform serving commercial, cargo, and military aircraft markets; financial terms were not disclosed.

Shore Capital Partners announced a strategic partnership and investment in Freestone Insurance Group, an insurance brokerage based in Scottsdale, Arizona. The investment is intended to accelerate Freestone’s growth, expand its geographic footprint, deepen service offerings, and support selective acquisitions, with founder Ben Hayes continuing as CEO.

Instrumentum, LLC acquired Sterile Processing Express (SPDx) (a cultivate(MD) portfolio company) and Sterile Processing Services of America (SPSA), expanding Instrumentum’s surgical instrument sterilization services platform. The deals increase Instrumentum’s operational footprint to five facilities across four states to meet rising demand for offsite sterile processing from hospitals, clinics, and ambulatory surgery centers.

Re-Bath acquired its largest franchisee operation, bringing the Phoenix, Charlotte, Asheville, and Greenville territories under corporate ownership. The acquired business was formerly owned by Kurt and Drew Kittleson, and the deal is intended to strengthen Re-Bath’s presence in key markets while creating corporate-owned centers of operational excellence to support the broader franchise network.

Pyx Health, a healthcare engagement and care navigation company, acquired FarmboxRx, a healthcare food company providing customized produce boxes as a covered health intervention. The transaction was enabled by a $47.5 million investment from S2G Investments in strategic partnership with TT Capital Partners, and aims to integrate nutritional support into care pathways to address food insecurity and improve member engagement and outcomes for health plans.

Inframark, a U.S. water and wastewater treatment services company, acquired Phoenix-based Mehall Contracting to expand its wastewater management capabilities and deepen its presence in Arizona. Mehall provides full-spectrum wastewater services (recurring service, maintenance, repairs, and installations) primarily for commercial and industrial customers, including food and beverage and other industrial clients. Mehall founder Todd Mehall will continue in a leadership role following the acquisition.

Argano, a Plano, Texas-based technology and digital services consultancy, acquired Anavate Partners, an Anaplan-focused consulting firm specializing in cloud-based planning, forecasting, and workflow automation. The deal expands Argano’s enterprise planning and automation capabilities and supports its 2025 acquisition-led growth strategy.

O'Hara's Son Roofing (OSR), a portfolio company of Angeles Equity Partners, acquired Starkweather Roofing, a commercial roofing services provider in Arizona. The deal is OSR’s first strategic acquisition since being acquired by an affiliate of Angeles Equity Partners and is intended to expand OSR’s footprint in the Southwestern U.S. Terms were not disclosed.

The Sterling Group, a middle-market private equity firm, acquired Pavement Preservation Group, Inc. (PPGI) and Vance Brothers, LLC to create Pavement Preservation Group (PPG), a newly formed nationwide pavement preservation platform. PPGI and Vance will operate as regional divisions of PPG, which will be led by Darin Matson as CEO, with a strategy to build a leading national operator in pavement preservation services and related asphalt products.

One Equity Partners portfolio company Prime Time Healthcare rebranded to Fortis Healthcare Solutions following its acquisition of AB Staffing, a healthcare staffing services business. AB Staffing includes AB Staffing Solutions and Adaptive Workforce Solutions, expanding Fortis’s healthcare staffing capabilities across physicians, allied health and nursing, as well as employer-of-record and managed services offerings. Financial terms were not disclosed.

AirTera, a service mark of NATA Compliance Services (NATA CS), acquired Safety and Security Instruction (SSi), a provider of aviation-specific learning management systems and training content. The transaction expands AirTera’s unified aviation platform by integrating SSi’s LMS and courseware with AirTera’s identity management, credentialing, compliance automation, and safety oversight capabilities.

Mereo Networks, a provider of bulk connectivity solutions for multifamily communities, acquired DISH Fiber Internet L.L.C. from DISH Network Corporation in a transaction that closed April 30, 2025. Following the deal, Mereo Networks is rebranding as Mereo Fiber to reflect its expanded bulk fiber internet and video services footprint across the U.S., including DISH Fiber’s service base of more than 25,000 residential units across 33 states.

HGGC, a Palo Alto-based private equity firm, acquired majority ownership of Equity Methods on April 28, 2025. The stake was purchased from existing owner Montage Partners, which exited its investment after backing Equity Methods since its 2012 spinout from Bank of America Merrill Lynch. HGGC will support Equity Methods’ continued expansion of its equity-compensation-related valuation, financial reporting, and human capital advisory services, including further investments in technology and talent.

Miracle-Ear acquired Safe in Sound Hearing, LLC, a leading Miracle-Ear franchisee operating 24 hearing-aid retail locations across Arizona. Salt Creek Capital, which partnered with CEO Rob Hickman to acquire the business in 2017, announced the sale as a transition of the franchise into the broader Miracle-Ear organization.

Dynamic City Capital (DCC), a Utah-based real estate investment firm, acquired The Wilde Resort and Spa in Sedona, Arizona. The deal expands DCC’s destination hotel portfolio and marks its entry into the luxury spa resort segment while strengthening its presence in Arizona.

Okika Devices Corporation has completed the acquisition of Anadigm, Inc., a Mesa, Arizona-based fabless semiconductor company focused on dynamically programmable analog signal processors and Field Programmable Analog Arrays (FPAA). Okika will assume Anadigm’s products, operations, and support, and plans to further advance Anadigm’s FPAA technology in the analog integrated circuit market.

ON Services, a live event production services provider headquartered in Atlanta, acquired Video West, a Phoenix-based provider of high-end event production and concert touring technical solutions. The deal expands ON Services’ production services offering, strengthens its presence in the U.S. Southwest, and adds concert touring capabilities. Video West’s leadership team is expected to remain in key operational roles following the acquisition.

Safeguard Investment Advisory Group, LLC acquired Solutions First Financial Group as part of an expansion into Arizona. The acquisition establishes Safeguard’s first office outside California, with a new location in Scottsdale, Arizona that opened April 1, 2025.

Rite Way Heating, Cooling and Plumbing LLC acquired the residential HVAC division of Berg Enterprises, Inc., operating as Berg's Heating & Air Conditioning, including its residential remodel, service, and maintenance business lines in Cochise County, Arizona. Berg Enterprises will retain its commercial and federal operations and continue serving new-build residential contractors, while Rite Way integrates the residential team effective immediately.

GrubMarket completed the acquisition of Delta Fresh Produce, a Nogales, Arizona-based distributor of Mexican-grown fresh produce. Delta Fresh will continue to be managed by its existing leadership team led by Atanasio Panousopoulos, while gaining access to GrubMarket’s AI-powered software, eCommerce, and payments platforms to support growth and operations.

Warner Pacific announced it has successfully acquired Black, Gould & Associates Inc. (BGA), a full-service general agency providing back-office services to insurance agents and brokers. The deal expands Warner Pacific’s footprint and capabilities across the U.S. Southwest; financial terms were not disclosed.

Ubiqconn Technology announced the acquisition of E3 Displays to expand its North American presence and enhance its display solutions portfolio. E3 Displays will continue operating independently under its existing brand while leveraging Ubiqconn’s global resources, with the combined capabilities focused on advanced optical bonding and rugged, high-performance displays for mission-critical markets.

Michael Carmichael’s advisory practice, Carmichael Financial, has joined LPL Financial’s broker-dealer, registered investment advisor (RIA), and custodial platforms after transitioning from Osaic. The practice reported serving approximately $190 million in advisory, brokerage, and retirement plan assets and operates across offices in Arizona, New Jersey, and Utah.

Lightpath, a US fiber provider, acquired WANRack's network assets and customers in the Phoenix, Arizona market. The deal adds 133 miles of fiber to Lightpath’s Phoenix footprint, expanding its presence shortly after entering the market, though financial terms were not disclosed.

Franchise Equity Partners (FEP), through its partnership with Reliable Residential HoldCo, expanded in home services by acquiring multiple Precision Garage Door Service franchise operations in Florida (Orlando, Ocala, Jacksonville) and Oklahoma (Tulsa). FEP also acquired Mr. Rooter Plumbing franchise operations in Florida (Tampa Bay, St. Petersburg, Lakeland) and purchased Smokey's Garage Door in Phoenix to broaden its garage door services footprint.

Wasserman, a global sports, music, and entertainment company, acquired branding and signage company bluemedia. Bluemedia will continue operating from its Tempe, Arizona facility and is expected to formally rebrand as Wasserman Live later in 2025, expanding Wasserman Live’s U.S. branding and signage capabilities alongside its existing Charlotte, North Carolina operation.

Premium Brands Holdings Corporation (TSX: PBH) acquired Denmark Sausage Co., doing business as Denmark Foods/Arizona Fresh, a provider of fresh sausages and meats serving grocers and food service customers in Arizona. The transaction, advised on the sell-side by Generational Group, closed on March 3, 2025.

Ionic Partners, an enterprise software investment firm focused on B2B software, acquired CXT Software, a provider of logistics and courier shipment-management software. The investment is intended to accelerate CXT Software’s growth, expand R&D and product innovation, and scale customer success and operations in the logistics technology market.

Atwell acquired the operations of Terrascape Consulting, expanding its engineering and surveying capabilities in the Southwest. Terrascape is headquartered in Phoenix, Arizona and serves public and private sector clients across a range of land development project types. Financial terms were not disclosed.

Paradox, a conversational AI recruiting platform company, acquired people analytics platform Eqtble to expand its AI vision for talent acquisition and HR. The deal brings Eqtble’s people data model and analytics engine into Paradox, with the full Eqtble team joining and plans to release a fully integrated solution later in 2025.

ServerLIFT, LLC partnered with and received an investment from an affiliate of American Pacific Group (APG). The investment was made in partnership with Ray and David Zuckerman, representing two generations of family ownership and leadership, to support ServerLIFT’s growth and manufacturing/product development plans.

Victor Capital Partners announced a partnership and investment in Owl Outdoor, a manufacturer and installer of exterior parts and accessories for adventure vans and overlanding vehicles. The investment was made alongside New Value Capital, and Owl Outdoor will continue to be led by CEO John Willenborg and COO Jeff Bader.

Levine Leichtman Capital Partners (LLCP) has partnered with SYNERGY HomeCare’s management team to acquire SYNERGY HomeCare Franchising, LLC from NexPhase Capital. SYNERGY HomeCare, founded in 1999 and headquartered in Tempe, Arizona, is a franchisor of non-medical in-home care services operating through 240+ franchises across roughly 550 territories in 42 U.S. states. Financial terms were not disclosed.

Sweetmore Bakeries announced it has completed the acquisition of Azteca Bakeries, a wholesale manufacturer of authentic Mexican pastries and baked goods. Headquartered in Phoenix, Arizona and founded in 1954, Azteca expands Sweetmore’s premium bakery portfolio and broadens its offerings across retail and foodservice channels.

Verde Equity Partners (Fund I) announced the acquisition of Chula Vista Commercial Landscaping, a commercial landscaping and maintenance services provider based in Tucson, Arizona. The deal marks Verde Equity Partners’ first expansion into the Arizona market, with Chula Vista expected to retain its brand and leadership team while leveraging Verde’s resources to scale across Arizona.

Inframark, LLC acquired Cornerstone Properties, Inc., a community management company headquartered in Phoenix, Arizona. The deal expands Inframark’s community management footprint in the Southwest/Arizona market, and Cornerstone’s president Mike Roberson will continue to lead daily operations.

Loenbro, LLC acquired Revolution Industrial, a diversified industrial services provider based in Arizona. Supported by Loenbro’s investment partner Braemont Capital, the acquisition expands Loenbro’s industrial service capabilities and regional footprint in the Southwest U.S., particularly for data center, infrastructure, and diversified industrial customers.

GTCR acquired Concord Servicing, a Scottsdale, Arizona-based provider of software and administration services for specialized loan servicing, including payment processing, default management, and data/analytics/reporting solutions. Concord was sold by Inverness Graham, which had owned the business since February 2022 through its Inverness Graham Investments IV and Inverness Graham Green Light Fund; financial terms were not disclosed. As part of the transaction, GTCR is partnering with Dhruv Vakharia, who joined as CEO, while outgoing CEO Jason Alexander will remain on Concord’s board.

Arrivia, a travel technology and loyalty solutions provider, completed a transaction transitioning ownership to a consortium of international institutional investors led by funds managed by Oaktree Capital Management. The new ownership group aims to support arrivia’s continued innovation, technology investment, partnerships, and strategic expansion as a standalone travel loyalty company.

The Blackhawk Group (TBG), a portfolio company of New State Capital Partners, acquired the Maintenance, Repair, and Overhaul (MRO) business of Glendale Aero Services (GAS). The acquired operation, based at Glendale Municipal Airport in Glendale, Arizona, will be rebranded as a Blackhawk Performance Center (BPC-Glendale) and integrated into TBG’s national Performance Center network. Financial terms were not disclosed.

Elevation Gold Mining Corporation entered into an asset purchase and sale agreement with EG Acquisition LLC to sell certain assets, including the outstanding common shares of Golden Vertex Corp., which holds the Moss Mine in Arizona. The transaction received court approvals in Canada and the United States (Chapter 15 recognition) and was approved by the TSX Venture Exchange, with closing expected on December 31, 2024.

Integrated Power Services (IPS) acquired Switchgear Solutions, Inc. effective December 19, 2024. The acquisition expands IPS’s power management and electromechanical service footprint across the Southwestern United States, adding Switchgear Solutions’ field, shop, and engineering capabilities for power distribution and control equipment based in Tucson, Arizona.

Traverse Pointe Partners’ portfolio company Small Miracles acquired Children's Campus and Premier Children's Center in Phoenix, Arizona. The deal expands Small Miracles’ early education footprint in the Phoenix market; financial terms were not disclosed.

Supreme Group, a Trinity Hunt Partners-backed marketing and communications platform focused on healthcare and life sciences, acquired Scottsdale-based Amendola Communications. Amendola will continue operating as a standalone agency under its existing brand, with founder Jodi Amendola remaining president; financial terms were not disclosed.