Private Equity-Backed Acquisitions in Arizona

Elevate Patient Financial Solutions (ElevatePFS) has completed a carve-out acquisition of the Health Systems Services division of Centauri Health Solutions. The deal — terms not disclosed — adds Centauri's Medicaid and disability eligibility/enrollment, out-of-state Medicaid billing, and other complex revenue cycle capabilities to ElevatePFS's revenue cycle management platform to better serve health system clients.

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.

N. Harris Computer Corporation, an operating group of Constellation Software Inc., has acquired GlobalMeet, an enterprise webcasting and virtual events platform, from Phoenix-based investor Pivotal Group. The transaction, which closed December 2, 2025, expands Harris's secure, large-scale virtual event and enterprise communications capabilities and positions GlobalMeet for long-term growth under Constellation's vertical-software operating model.

SPS PoolCare, the largest U.S. swimming-pool services platform backed by Storr Group, has acquired AZ Veteran Pool Care, a pool maintenance and repair company serving the Greater Phoenix, Arizona area. The deal expands SPS PoolCare's Arizona footprint (its 21st Arizona acquisition) and continues the firm's roll-up strategy in the Sun Belt.

Grant Avenue Capital has acquired 21st Century Healthcare, a Tempe, Arizona-based manufacturer of vitamins, minerals and supplements for humans and pets. Grant Avenue will partner with CEO Kirk Neal and the existing management team to expand 21st Century's product portfolio, scale manufacturing and broaden retail and e-commerce distribution.

RD Last Mile Holdings, LLC (doing business as ADL Final Mile) has acquired Xcel Delivery Services, a Tucson-based final mile and customized logistics provider operating in Arizona and the Southwestern U.S. The deal — backed by Red Dog Equity, Monroe Capital and The Pritzker Organization — brings Xcel's leadership into ADL's Southwest network to expand capacity and service capabilities.

Arxis, a portfolio company of Arcline Investment Management, has acquired Micro-Tronics, Inc., a Tempe, Arizona-based manufacturer of engineered elastomeric and metallic components for commercial aerospace and defense applications. The add-on strengthens Arxis' Mechanical Components segment by adding MTI's elastomeric diaphragm, seal assembly and high-precision EDM capabilities to support mission-critical aerospace and defense programs.

Ridgemont Equity Partners has acquired CRS, a Phoenix-based tech-enabled provider of temporary housing and managed repair solutions for insurance carriers. The senior CRS leadership will remain significantly invested alongside Ridgemont as the firm looks to scale the business and expand adjacent FNOL services.

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.

EP Wealth Advisors has acquired Clearview Wealth Advisors, adding nearly $218 million in assets under management and bringing the father-and-son Clearview team into EP Wealth's Phoenix region. The Clearview advisors will integrate into EP Wealth's Phoenix advisory group to access expanded planning, tax and investment resources; financial terms were not disclosed.

Precision Aviation Group (PAG) has acquired H.E.R.O.S. Inc., a Chandler, Arizona-based specialist in Rolls-Royce M250/RR300 engine MRO services. The deal expands PAG’s M250/RR300 capabilities and geographic footprint, adding a specialized test cell and facility to support commercial, military, and special-mission operators.

Corsica Technologies (an Inverness Graham portfolio company) has acquired AccountabilIT, a Scottsdale-based managed IT and cybersecurity firm backed by WestView Capital Partners. The deal is an add-on to Corsica's platform that expands its AI-enabled managed services, Microsoft expertise, and national cybersecurity footprint, bringing the combined company to more than 100,000 protected endpoints.

Kian Capital-backed Diamond Landscaping has completed the acquisition of Arizona Outdoor Designs (AZOD), a premier provider of luxury residential landscaping in the greater Scottsdale area. The deal expands Diamond Landscaping's national luxury-residential platform into the Phoenix/Scottsdale market; AZOD founder Rich Dobbs and his leadership team will remain with the business.

Valence Surface Technologies, the largest independent aerospace surface finishing platform in North America, acquired Foresight Finishing, a Tempe, Arizona-based provider of precious metal surface treatment for aerospace and defense electronics. The add-on expands Valence's capabilities in tight-tolerance precious metal plating and provides regional presence in the A&D electronics supply chain; financial terms were not disclosed.

Nautic Partners, in partnership with Cenavera management, has completed the acquisition of Cenavera Nutrition from Harkness Capital Partners. Cenavera, headquartered in Scottsdale, Arizona, is a leading independent K-12 outsourced foodservice operator serving roughly 350–380 districts across 33 states; Nautic intends to support organic growth, geographic expansion and add-on acquisitions to deepen its presence in the K-12 foodservice market.

Tailwind Capital has made a majority strategic investment in DMD Systems Recovery to accelerate the company's growth, expand its services portfolio and pursue an acquisitive platform strategy. Stellus Capital Management provided senior debt financing and an equity co-investment in support of the transaction. DMD is an end-to-end IT asset disposition (ITAD) provider serving enterprise and data center customers globally and plans to expand sales, geographic coverage and M&A activity.

CERTUS Pest has acquired Pest Friends, a pest control company with locations in Arizona and California, expanding CERTUS' presence in the Tucson and Los Angeles metropolitan areas. The Pest Friends branches will be integrated with CERTUS brands (Tucson into Responsible Pest & Scorpion Control and Los Angeles into PURCOR Pest Solutions) to provide customers with enhanced service offerings and resources.

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.

AVI-SPL, a global digital enablement and AV/UC integrator headquartered in Tampa, Florida, has acquired CCS Presentation Systems Southwest (CCS Southwest), the Mesa, Arizona-based audio-visual design and systems integration operator. The deal expands AVI-SPL’s presence and resources in the U.S. Southwest and adds local AV/UC integration and managed services capabilities for corporate, government, and education customers.

Rochester Midland Corporation has acquired Decon Water Technologies, a Phoenix-based water treatment service provider with more than 30 years of experience. The deal expands Rochester Midland’s wastewater treatment capabilities by adding Decon’s proprietary chemistry, automation and skilled team; Rochester Midland is PE‑backed and continues to pursue complementary platform add-ons.

OneDigital, a national insurance brokerage and PEO provider headquartered in Atlanta, has acquired Focus HR, Inc., a woman-founded professional employer organization based in Tucson, Arizona. The acquisition expands OneDigital's PEO capabilities and national footprint by adding Focus HR’s ~40–45 person team, payroll/HR services and more than 500 client relationships.

Ancestry has acquired iMemories, a Scottsdale-based leader in analog media digitization and cloud-based preservation, from investors Landon Capital Partners and Greens Farms Capital. The deal brings iMemories' AI-enhanced scanning and subscription media services into Ancestry's family-history platform to let customers digitize and integrate photos, videos, slides and films into their family trees.

Revelyst Inc. has acquired GolfLogix, a golf course mapping and GPS/mobile app company, from 8AM Golf; the deal closed on July 9 with terms undisclosed. GolfLogix will be integrated into Revelyst's Golf Technology platform to expand Revelyst's on-course software capabilities and product ecosystem while GolfLogix maintains a presence in Scottsdale, Arizona.

Knightvest Capital acquired the 412-unit Avana Desert View apartment community in Scottsdale, Arizona as the eighth investment in its Fund II. Knightvest plans value‑add renovations — modernizing unit interiors, refreshing common areas, and upgrading amenities — to deepen its Phoenix‑area footprint and drive long‑term returns for investors.

SOLV Energy has acquired Spartan Infrastructure, a Mesa, Arizona-based high-voltage transmission contractor. The acquisition expands SOLV Energy's transmission and distribution (T&D) capabilities, providing the combined company greater scale to pursue larger utility and renewable grid projects across the U.S.; financial terms were not disclosed.

AE Industrial Partners has acquired Air Transport Components (ATC), a provider of aircraft component maintenance, repair, and overhaul (MRO) services, to serve as the cornerstone of a new aerospace MRO platform. The investment positions the platform to expand component repair capabilities across commercial, cargo, and military markets and pursue organic growth and further acquisitions; financial terms were not disclosed.

Shore Capital Partners has entered a strategic partnership with Freestone Insurance Group, a Scottsdale-based insurance brokerage focused on employee benefits, enterprise risk management, and private client services. The investment will support Freestone's growth plan — including geographic expansion, capability investment, and selective add-on acquisitions — while founder Ben Hayes remains CEO.

Inframark has acquired Phoenix-based Mehall Contracting, a wastewater management services provider founded in 2008 that offers pretreatment system installation, maintenance, sampling and recurring services. The deal expands Inframark’s wastewater technical capabilities and regional presence in Arizona, while Mehall’s founder Todd Mehall will remain in a leadership role.

Argano, a Plano, Texas-based digital services consultancy, has acquired Anavate Partners, a Phoenix-based Anaplan-focused planning and forecasting specialist, as part of Argano's accelerated 2025 acquisition program. The deal expands Argano's enterprise planning, forecasting and automation capabilities across finance, sales, marketing and supply chain and represents the company's fourth acquisition in 2025 and twentieth since founding.

O'Hara's Son Roofing, a portfolio company of Angeles Equity Partners, has acquired Starkweather Roofing, a commercial roofing services provider based in Arizona. The add-on acquisition expands OSR's presence in the Southwestern U.S., broadens its service capabilities in re-roofing, maintenance and emergency repairs, and will allow Starkweather to continue operating under its existing name; terms were not disclosed.

One Equity Partners' portfolio company Prime Time Healthcare has rebranded to Fortis Healthcare Solutions after acquiring AB Staffing (including AB Staffing Solutions and Adaptive Workforce Solutions). The add-on expands Fortis' healthcare staffing and managed services capabilities across government, education and hospital systems; terms were not disclosed.

Palo Alto-based private equity firm HGGC has acquired majority ownership of Equity Methods, a Scottsdale-based provider of valuation, financial reporting, and HR advisory services for equity compensation, from Montage Partners. HGGC will support Equity Methods' growth by strengthening its technology capabilities, human capital, and service offerings as the firm expands its reach into larger enterprise clients.

CoreX, a NewSpring Holdings platform company, has completed the acquisition of Volteo Digital, an Elite ServiceNow partner. The deal supports CoreX's expansion of its ServiceNow Center of Excellence and funds a multi-million-dollar Agentic AI Laboratory investment in Guadalajara to accelerate ServiceNow innovation and nearshore delivery.

Dynamic City Capital, a Provo, Utah–based real estate investment firm, has acquired The Wilde Resort and Spa in Sedona, Arizona. The 137-room luxury spa resort expands DCC's portfolio into the lifestyle/destination hospitality segment and strengthens its presence in Arizona.

Integrity Data Solutions, a portfolio company of Falx Capital LLC, has acquired Asset Systems, Inc., a long-standing provider of non-inventory asset-tracking software (Ingenium and AssetWIN). The deal expands ID Solutions' cloud-based asset-tracking portfolio and capabilities, enabling the combined business to offer non-inventory asset tracking to customers across government, education, defense and other end markets.

Tailwind Hospitality (dba Tailwind Concessions) acquired the Panera Bread concession at Phoenix-Mesa Gateway Airport from Kind Hospitality, making Tailwind the majority owner and primary operator of all food & beverage concessions at the airport. The deal expands Tailwind's airport footprint and follows a 2021 recapitalization of Tailwind by Palladin Consumer Retail Partners, which has supported the company's broader growth and M&A activity.

Ionic Partners, an enterprise software-focused private equity firm, has acquired CXT Software, a Phoenix-based provider of courier, last-mile and shipment management software. The investment will support CXT’s product roadmap acceleration, expanded customer success resources, and scaling of operations to serve logistics and courier customers across North America.

Levine Leichtman Capital Partners (LLCP) partnered with SYNERGY HomeCare's management team to acquire SYNERGY HomeCare from NexPhase Capital. SYNERGY, a Tempe, Arizona–headquartered franchisor of non-medical in-home care with roughly 240 franchises operating across ~550 territories in 42 states, will continue to be led by CEO Charlie Young; terms were not disclosed.

Victor Capital Partners, alongside New Value Capital, has made a strategic investment in Owl Outdoor, a Mesa, Arizona-based designer, manufacturer, distributor, and installer of exterior parts and accessories for adventure vans and overlanding vehicles. The investment will support Owl's growth and expansion plans; CEO John Willenborg and COO Jeff Bader will remain in leadership and join the company board.

An affiliate of private equity firm American Pacific Group has made a strategic investment in ServerLIFT, a Phoenix-based manufacturer of material handling and lifting equipment for data centers. The investment is being done in partnership with Ray and David Zuckerman and will support accelerated growth, expanded manufacturing capabilities, and next-generation product development.

Sweetmore Bakeries, a Chicago-based family of specialty bakeries backed by Shore Capital, has acquired Azteca Bakeries, a Phoenix-based wholesale manufacturer of Mexican pastries (pan dulce). The acquisition is an add-on to the Sweetmore portfolio and expands its product assortment across retail in-store bakery and foodservice channels.

San Diego-based private equity firm Verde Equity Partners (Fund I) has acquired Chula Vista Commercial Landscaping, a Tucson-based commercial landscaping company founded in 1990. The deal marks Verde's first expansion into Arizona; Chula Vista will retain its brand and leadership while receiving operational support and growth capital to scale across the state.

Loenbro, backed by Braemont Capital, has acquired Arizona-based Revolution Industrial to expand its industrial service capabilities across the Southwest U.S. The add-on strengthens Loenbro’s electrical, mechanical and structural service offerings for data center, infrastructure and diversified industrial customers and brings Revolution’s skilled multi-trade workforce into Loenbro’s platform.

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.

Arrivia, a Scottsdale-based travel technology and loyalty platform, has completed a transaction transferring ownership to a consortium of international institutional investors led by funds managed by Oaktree Capital Management, L.P. The new ownership will support arrivia’s investment in technology, partnerships, and growth as the company pursues expansion initiatives and continued innovation.

The Blackhawk Group, a portfolio company of New State Capital Partners, has acquired the Maintenance, Repair, and Overhaul (MRO) business of Glendale Aero Services and will rebrand the operation as a Blackhawk Performance Center (BPC-Glendale). The acquisition expands The Blackhawk Group’s Performance Center network and adds specialized Cirrus SR/Vision Jet and Cessna MRO, CAPS and avionics capabilities; Glendale’s Director of Maintenance, John Fisher, will remain in place. Terms were not disclosed.

Integrated Power Services (IPS), a Greenville, South Carolina–based provider of electrical, mechanical and power management services, has acquired Tucson-based Switchgear Solutions, Inc. The acquisition expands IPS's footprint and capabilities in the Southwestern United States, adding Switchgear Solutions' remanufacturing, field and engineering services for mining, utilities and industrial customers.

Traverse Pointe Partners’ portfolio company Small Miracles has acquired Children’s Campus and Premier Children’s Center in Phoenix, Arizona. The add-on deal expands Small Miracles’ Arizona footprint (now 18 centers with enrollment capacity of over 2,400) and financial terms were not disclosed.

Supreme Group, a Trinity Hunt-backed healthcare and life sciences marketing platform, has acquired Amendola Communications, a Scottsdale-based healthcare, health tech and life sciences PR and marketing agency. Amendola will continue to operate under its brand with founder Jodi Amendola remaining as president; the acquisition is the fifth add-on to the Supreme Group platform and aims to expand the platform's healthcare marketing and digital capabilities.

RMA Companies (a portfolio company of OceanSound Partners) has acquired HydroGEOPHYSICS, Inc. (HGI), a Tucson-based geophysical consulting firm. The transaction expands RMA's Subsurface Imaging Division by adding HGI's advanced 2D/3D/4D geophysical capabilities to support mining, environmental remediation, dam/waterway, and energy projects.