Tracked deals
10
10 tracked deals across 2020-2026.
Retail Buyers & Acquisitions in Arizona
Buyer mix
Mixed buyer set
6 strategic · 3 pe
Top trend
Volume peaked in 2026
2 tracked deals announced in 2026.
Primary Insight
What Stands Out
- Camping World Holdings, Inc. appears multiple times, including acquisitions tied to expanding RV retail presence in Arizona (e.g., El Mirage, New River) and consignment capabilities.
- Specialty retail roll-ups feature prominently, including Pure Hockey entering Arizona through the acquisition of Behind the Mask.
- Single-market operator and founder-led deals also show up, such as Scott Gruwell acquiring dealerships in Tucson and Austin King acquiring Antiquities Warehouse in Phoenix.
- Investor-backed growth themes include scaling e-commerce and applying analytics/automation, as outlined for Strolleria.
| Buyer (examples) | Deal focus reflected in summaries | Arizona clustering |
|---|---|---|
| Camping World, Pure Hockey | Expanding retail footprint via acquisitions | Phoenix area, other AZ metros |
| Weave Growth Partners, Peninsula Capital | Growth via e-commerce and technology-enabled scaling | Scottsdale |
| Curaleaf | Expanding dispensary footprint and relocating toward a flagship site | Safford → Scottsdale |
| Scott Gruwell, Austin King | Local operator expansion and rebrand/relaunch plans | Tucson; downtown Phoenix |
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Camping World Holdings, Inc. | 2 | Nationwide retailer and service provider of new and used ... | Strategic |
| Austin King | 1 | Founder of the custom home building and interior design s... | Family Office |
| Curaleaf Holdings, Inc. | 1 | Leading international cannabis company operating retail d... | Strategic |
| Funds managed by affiliates of Apollo (Apollo Global Management) | 1 | Global alternative investment manager that invests across... | PE |
| GrowGeneration Corp. | 1 | Nation’s largest specialty retailer and distributor of hy... | Strategic |
| Peninsula Capital Partners | 1 | Detroit-area private equity firm providing junior capital... | PE |
| Pure Hockey | 1 | National hockey equipment and apparel retailer operating ... | Strategic |
| RV Retailer, LLC | 1 | Multi-brand recreational vehicle retailer operating new a... | Strategic |
| Scott Gruwell | 1 | Automotive dealership operator/owner, running dealerships... | Investor |
| Weave Growth Partners | 1 | Silicon Valley-based private investment firm that partner... | PE |
Acquisition Volume in Retail in Arizona by Year
Last 6 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 3, 2026
- Buyer
- Scott Gruwell
- Target
- Watson Chevrolet, Infiniti of Tucson
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Watson Chevrolet and Infiniti of Tucson, located in Tucson, Arizona, were sold to Scott Gruwell. The dealerships will operate under their new ownership as Courtesy Chevrolet of Tucson and Courtesy Infiniti of Tucson after the deal closed on August 31, 2026.
-
May 6, 2026
- Buyer
- Austin King
- Target
- Antiquities Warehouse
- Seller
- Louise McDermott
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Antiquities Warehouse, a Phoenix destination for imported European antiques and global curiosities, was acquired by Austin King, founder of the home building and interior design studio Rafterhouse. The purchase was completed earlier this year as Louise McDermott retires, and King plans a physical-warehouse expansion and downtown Phoenix relaunch.
-
January 9, 2024
- Buyer
- Pure Hockey
- Target
- Behind the Mask
- Seller
- Randy Exelby
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Pure Hockey has acquired Behind the Mask, a three-location Arizona hockey retailer, marking Pure Hockey's first entry into the Arizona market. The deal expands Pure Hockey's retail footprint to 77 stores across 25 states and brings Behind the Mask's Scottsdale, Peoria and Gilbert locations into Pure Hockey's network.
-
August 7, 2023
- Buyer
- Camping World Holdings, Inc.
- Target
- RV Arizona Consignment Specialists
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Camping World Holdings, Inc. has agreed to acquire RV Arizona Consignment Specialists, a consignment-focused RV dealer in El Mirage, Arizona, with the deal expected to close in Q4 2023. The acquisition establishes a platform and playbook for a nationwide rollout of consignment-exclusive locations and will be led by Marty Holman to expand Camping World's consignment capabilities and grow used RV sales.
-
- Buyer
- Funds managed by affiliates of Apollo (Apollo Global Management)
- Target
- PetSmart
- Seller
- BC Partners, Co-investors (including GIC and PetSmart management team)
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Growth capital
Funds managed by affiliates of Apollo Global Management have agreed to make a strategic equity investment in PetSmart, with BC Partners and its co-investors (including GIC and PetSmart management) remaining majority shareholders and retaining board control. The investment is intended to support PetSmart’s growth and operational initiatives across its omnichannel retail and services business; the transaction is expected to close in Q4 2023 and terms were not disclosed.
-
June 14, 2022
- Buyer
- Camping World Holdings, Inc.
- Target
- Anthem RV
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Addon
Camping World Holdings, Inc. has signed an agreement to acquire Anthem RV, an operating dealership in New River, Arizona, and also plans to build a new site in Surprise, Arizona to serve the greater Phoenix area. The New River dealership is expected to close next month and will transition to the Camping World brand, expanding Camping World’s presence in the Southwest.
-
- Buyer
- Weave Growth Partners, Peninsula Capital Partners
- Target
- Strolleria, LLC
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Weave Growth Partners and Peninsula Capital Partners acquired a majority stake in Strolleria, a Scottsdale-based multi-channel retailer of high-end baby gear. The investors plan to support Strolleria’s growth by expanding its e‑commerce capabilities and applying technology-enabled analytics and automation to scale the business.
-
December 23, 2021
- Buyer
- Curaleaf Holdings, Inc.
- Target
- Natural Remedy Patient Center, LLC
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
Curaleaf Holdings, Inc. entered into a definitive agreement to acquire Natural Remedy Patient Center, a dispensary in Safford, Arizona, in a cash-and-stock transaction valued at approximately US$13 million. The deal (US$12M cash and US$1M in Curaleaf subordinate voting shares) is expected to close in January 2022 and expands Curaleaf's Arizona retail footprint while enabling a planned relocation to a flagship Scottsdale site.
-
August 18, 2021
- Buyer
- RV Retailer, LLC
- Target
- Frost RV
- Seller
- Bruce Frost
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Addon
RV Retailer, LLC (RVR) acquired Frost RV, a Tucson, Arizona-based RV dealership, with the transaction expected to close in August 2021. The acquisition expands RVR’s presence in Arizona (complementing its Tom’s Camperland stores in Phoenix) and brings Frost RV’s team, led by Bruce Frost, into the RVR family to grow new and used RV sales, service and parts.
-
October 12, 2020
- Buyer
- GrowGeneration Corp.
- Target
- Hydroponics Depot
- Industry
- Retail
- Location
- Arizona, United States
- Type
- Buyout
GrowGeneration Corp. acquired Hydroponics Depot, Phoenix’s largest indoor and outdoor garden center, marking GrowGen’s entry into Arizona and expanding its retail footprint to 29 stores across 11 states. The acquisition provides GrowGeneration exposure to Arizona’s growing medical and potential recreational cannabis market; Hydroponics Depot reported year-to-date sales in excess of $5 million and ~50% year-over-year growth.
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Frequently Asked Questions
Which retail subsectors are most represented in Arizona acquisitions?
The deals shown emphasize specialty retail and storefront-heavy categories, including RV dealerships, hockey retail, baby gear, imported antiques, and cannabis dispensary/retail expansion.
Are there examples of buyers expanding in Arizona more than once?
Yes. Camping World Holdings, Inc. appears in multiple Arizona retail transactions (e.g., acquisitions of RV Arizona Consignment Specialists and Anthem RV), reflecting repeated footprint expansion.
What kinds of growth strategies are mentioned in these acquisition summaries?
Summaries commonly reference expanding retail footprint, integrating acquired locations into a broader network, and scaling capabilities such as e-commerce, consignment models, or operational initiatives.
Where are these Arizona deals geographically concentrated?
Many listings reference Phoenix and nearby metro locations (including Scottsdale, Peoria, and Gilbert), with other deals noted in Tucson and Safford.
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