Acquisitions in Arizona in 2024

EG Acquisition LLC completed the acquisition of the outstanding common shares of Golden Vertex Corp and certain assets of Elevation Gold Mining Corporation, including the Moss Mine in Arizona. The sale was approved by Canadian and U.S. courts and closed December 31, 2024; following closing, Elevation Gold's directors and officers resigned and the company will have no operating business or material assets.

Panasonic Corporation agreed to acquire the remaining 80% stake in Blue Yonder from New Mountain Capital and funds managed by Blackstone for USD5.6 billion (USD7.1 billion including repayment of outstanding debt), valuing Blue Yonder at USD8.5 billion. The acquisition brings Blue Yonder fully into Panasonic to combine Blue Yonder's AI/ML-driven, cloud-based Luminate supply chain platform with Panasonic's IoT, edge and industrial engineering capabilities to accelerate an "Autonomous Supply Chain" strategy.

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.

Omegro, a portfolio within Volaris (Constellation Software), has acquired Dassian, a provider of SAP-certified add-ons for complex contract and project management in highly regulated industries. The acquisition will expand Omegro's capabilities in contract/project compliance and project accounting, and support Dassian's product innovation and growth plans.

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.

Charlesbank Capital Partners has made a strategic growth investment in CCMC, a Scottsdale-based community association management company, with CCMC's management team co-investing. Concurrently, a new parent company, Community Management Holdings, was formed and Deb Dulsky was named CEO to lead expansion into additional community types, capability investments, and M&A activity.

Perimeter Solutions Group (PSG), a portfolio company of Bertram Capital, acquired Diamond Iron, a Phoenix-area commercial fence and gate installer. The deal is an add-on to PSG’s platform to expand its perimeter protection capabilities and geographic footprint in Arizona; terms were not disclosed.

Grace Hebert Curtis Architects (GHC), a Bernhard Capital Partners-backed AEC platform, has invested in Orcutt|Winslow, a full-service architecture, forensic consulting, and program management firm. The combined business will operate as GHC + Orcutt|Winslow, retain Orcutt|Winslow leadership, and expand GHC's capabilities and regional footprint across key U.S. markets; financial terms were not disclosed.

Fathom Holdings, a national technology-driven real estate services platform, has acquired Scottsdale-based My Home Group, adding more than 2,200 agents and expanding Fathom’s agent network to roughly 14,500. The deal preserves the My Home Group brand and management team and creates cross-selling opportunities for Fathom’s mortgage and title services as it strengthens its presence in Arizona.

Littlejohn & Co., LLC has acquired Sunbelt Modular, Inc., a leading designer and manufacturer of commercial modular building solutions, from MSouth Equity Partners. Sunbelt, headquartered in Phoenix, Arizona, operates 10 facilities with more than 1,300 employees. Marathon Asset Management and Webster Bank provided senior-secured financing to support the acquisition; terms were not disclosed.

Thryv Holdings, Inc. has completed the acquisition of Infusion Software, Inc. (Keap) for $80 million in cash. The deal integrates Keap’s CRM and marketing automation capabilities into Thryv’s SMB-focused SaaS platform to expand product capabilities, cross-sell opportunities and geographic reach.

Mariani Premier Group has acquired three Arizona landscaping firms — Desert Foothills Landscape, HMI Commercial Landscape, and Benhart Landscaping — expanding the platform's presence in the Greater Phoenix market. The three companies, collectively employing over 200 professionals, add landscape design, installation, maintenance and in-house nursery capabilities to Mariani's national outdoor living platform.

Coker, the PE-backed national healthcare advisory platform, has acquired TTG Healthcare Advisors, a Chandler, Arizona-based healthcare consulting firm that advises physician practices and ambulatory surgery centers on strategy, operations and revenue cycle optimization. The add-on expands Coker's advisory capabilities across performance optimization, technology consulting, compliance and transaction advisory; terms were not disclosed.

Snow Peak Capital, a Broomfield, Colorado-based private equity firm, has acquired TurbineAero, the world's largest independent APU MRO provider, from The Gores Group. Financial terms were not disclosed; Snow Peak said it will partner with TurbineAero's management to invest in growth and expand the company's global MRO capabilities.

hc1 has acquired Accumen, a Scottsdale-based healthcare performance and laboratory consulting firm, to combine Accumen’s lab expertise with hc1’s data management and AI-powered analytics platform. The acquisition (terms undisclosed) positions hc1 to offer a comprehensive, technology-enabled consulting and analytics solution that helps health systems turn diagnostic labs into strategic assets and improve clinical and financial performance.

ALKEME, a national insurance brokerage, has acquired Pinnacle Insurance Consultants, a Scottsdale-based provider of Errors & Omissions (E&O)/Professional Liability coverage for real estate firms. The acquisition expands ALKEME's presence in Arizona and enhances its specialized E&O/PL capabilities for real estate clients.

Bluesight, a provider of Medication Intelligence solutions, has acquired Sectyr, a cloud-based compliance and audit management platform focused on 340B program management. The acquisition adds 340B audit and compliance capabilities to Bluesight’s product suite to improve pharmacy compliance, audit readiness, and operational visibility for hospitals and health systems.

PDC, supported by Vance Street Capital, has acquired Resenex to expand its fluid management product offerings for healthcare and biotechnology markets. The deal brings Resenex's OEM plastic fluid-flow components and patented check-valve technologies into PDC's precision injection-molding and value-added assembly platform to accelerate capability expansion and growth in adjacent medical and life-science end markets.

The Partners Group, a Portland-based insurance, consulting, and financial services firm, announced that Amalyn Consulting of Scottsdale, Arizona has joined as a member of The Partners Group. The move expands TPG’s employee benefits and consulting capabilities and establishes a presence in the Southwest through Amalyn’s team and clients.

Tekmetric has acquired Shopgenie to integrate Shopgenie’s CRM and customer engagement tools into Tekmetric’s cloud-based shop management platform, creating a unified all-in-one solution for auto repair shops. The combination is intended to streamline operations, improve customer engagement, and expand Tekmetric’s product capabilities for auto repair shop customers.

Arthur J. Gallagher (via its Gallagher Bassett business) acquired Safe T Professionals, a Chandler, Arizona–based construction and EHS safety management consulting firm. Capstone Partners advised Safe T Professionals on the transaction; the acquisition expands Gallagher Bassett's nationwide safety and outsourced EHS capabilities and adds expertise in semiconductor and EV construction safety.

Daikin Applied announced a majority investment in Varitec Solutions, a Phoenix-based designer, developer and installer of large-scale, energy-efficient HVAC systems. The deal brings Varitec's ~170 employees into the Daikin Group to expand Daikin's end-to-end HVAC capabilities and service footprint across the U.S. Southwest while Varitec's president, Chris Carlson, will continue to lead the business.

Pursuit Aerospace has completed the acquisitions of Prescott Precision Die, Inc. (Arizona) and Merc Aerospace, Ltd. (United Kingdom) to broaden its precision machining capabilities and expand its geographic footprint in the Southwestern U.S. and the U.K. The deals add heat-treatment, nondestructive testing, CMM inspection and plating capabilities to Pursuit's global aircraft engine component manufacturing platform.

PestCo Holdings, a portfolio company of Thompson Street Capital Partners (TSCP), has acquired Green Mango Pest Control, a residential and commercial pest control provider serving the Phoenix, Arizona area. The add-on deal expands PestCo’s presence in the Mountain West/Phoenix metro area; terms were not disclosed and founder Cameron Bawden has merged the business into PestCo.

Dark Horse Consulting Group (DHC), a WestView Capital Partners–backed consulting platform, has acquired BioTechLogic, Inc., a CMC, manufacturing, quality and regulatory consulting firm serving biopharma and advanced therapies. The deal combines BioTechLogic's hands-on technical operations expertise with DHC's strategic CGT capabilities to expand service offerings across biologics, vaccines and cell & gene therapy clients.

Infinedi Partners' portfolio company CEA CAPA Education Abroad has acquired St. Mary's Institute for Educational Excellence (dba Atlantis). The acquisition adds Atlantis' experiential pre-health, pre-law and pre-consulting study-abroad and shadowing programs (serving ~2,500 students annually) to CEA CAPA's global study-abroad platform, expanding program capabilities for its university partners.

Toronto-based private equity firm Lynx Equity Limited has acquired Esmay Electric, a Lake Havasu City, Arizona electrical contractor specializing in solar panel installations, design and permitting. The founder, Greg Esmay, sold the business as part of his retirement, and Lynx intends to maintain existing customer and employee relationships while supporting the company’s leadership and continued operations in the solar sector.

Renaissance, a national network of independent insurance agencies headquartered in Chicago, has acquired the agency network business of United Agents of Arizona (UAA), a Mesa-based group of seven member agencies representing $170 million in premium. The acquisition expands Renaissance's presence in Arizona and gives UAA members access to Renaissance's placement services, technology platform, analytics and other network resources.

Teamfront, a Mainsail Partners-backed strategic partner for founder-owned field services software companies, has acquired Xcelerate, a cloud-based job management platform for the restoration industry. The add-on expands Teamfront's portfolio across field services verticals and provides Xcelerate with operational resources and support to scale.

Bertram Capital has made an investment in MSE Supplies, a Tucson-based supplier of advanced materials, laboratory equipment, lab supplies and analytical services. Bertram plans to leverage its in-house technology team, Bertram Labs, to accelerate MSE's growth and digital capabilities; terms were not disclosed.

Virtuous, a Phoenix-based provider of fundraising CRM software for nonprofits, raised a $100 million minority growth investment led by Susquehanna Growth Equity (SGE). The capital will accelerate product innovation (including AI tooling and expanded integrations) and bolster customer success and services; SGE partners Ben Weinberg and Aneesha Raghunathan will join Virtuous' board.

Pavion Corp. (formerly Corbett Technology Solutions), a Wind Point Partners‑backed provider of fire, security, and critical communications solutions, has acquired ECD Systems, an Arizona‑based security, life safety, IT managed services, and critical communications integrator. The deal expands Pavion’s capabilities and leadership in healthcare critical communications while strengthening its service footprint in the U.S. Southwestern region.

Precise Systems, a portfolio company of Bluestone Investment Partners, has acquired Tucson Embedded Systems (TES), a Tucson, Arizona-based hardware and software engineering firm specializing in model-based engineering and open-architecture avionics standards (FACE, SOSA). The acquisition is an add-on to Precise's Bluestone-backed platform, expanding its advanced engineering capabilities and bringing TES's proprietary AWESUM tool suite and SBIR-backed HOST Harmony test station into the platform.

Granicus has acquired Simpleview, a global provider of CRM, CMS and digital marketing solutions for destination marketing organizations, convention bureaus and venues. The deal expands Granicus's public-sector product capabilities and customer reach — combining Simpleview's destination-marketing platform and client base (1,000+ destinations) with Granicus's government engagement portfolio to serve more than 7,000 organizations worldwide.

DiningRD, a St. Louis-based provider of foodservice software and dietary consulting for senior living communities, has acquired Mesa, Arizona–based Crandall Corporate Dietitians. The acquisition is an add-on to DiningRD's platform backed by private equity firm Evolution Capital Partners and expands DiningRD's Registered Dietitian network, service offerings and national footprint in assisted and long-term care markets.

Mosyle, an Apple device management and security platform, has acquired Assetbots, a small asset management software provider focused on schools and SMBs. Assetbots will operate independently under founder Chad Burggraf while integrating with Mosyle to deliver two-way syncing, exclusive commercial benefits, and enhanced security and scalability.

Northrim Horizon, a Mesa, Arizona–based permanent capital investment firm, has acquired Allure Medspa, a multi-location medical spa operating across the Phoenix metro area. Northrim named Kylie Tan as CEO and said the acquisition will serve as a platform for growth in medical aesthetics, with plans for de novo expansion and strategic add-ons; Allure later rebranded to Alani Skin MD.

Valsoft Corporation has acquired Anju Software, a provider of life-sciences-focused clinical research, medical affairs, and data science software including products such as TrialMaster, IRMS MAX, and TA Scan. The acquisition marks Valsoft's first entry into the life sciences vertical and is intended to support Anju's continued product development and global growth.

Utah-based Sunroc Corporation, a subsidiary of Clyde Companies, Inc., has acquired Arizona Metro Mix, a family-owned ready-mix concrete producer serving the Phoenix metropolitan area. Commerce Street Capital served as sell-side advisor to Arizona Metro Mix; the acquisition expands Sunroc's construction materials footprint into the Phoenix market.

Ed Morse Automotive Group acquired seven franchised auto dealerships and one used-vehicle store from Lawley Automotive Group, a deal that closed on August 26, 2024. The purchase—advised by the Dave Cantin Group—adds Ed Morse’s first locations in Arizona and increases the group’s total franchised dealership count to 56.

Thermogenics, a North American provider of boiler lifecycle solutions, has acquired High Desert Mechanical, an Apache Junction, Arizona-based boiler service company. The acquisition marks Thermogenics' first location in the Western United States and expands its service capabilities across industrial and commercial end markets including healthcare, mining, food & beverage and manufacturing.

U.S. Bank has acquired Salucro Healthcare Solutions, a Tempe, Arizona-based healthcare payments and billing technology provider. Salucro's team will integrate into Elavon, U.S. Bank's payments unit, to expand the bank's healthcare payment and billing capabilities; financial terms were not disclosed.

Concentric, LLC has acquired Communication Power Solutions (CPS), a Southwest U.S. provider of DC power design, installation and maintenance for communications and data center customers. The deal expands Concentric’s footprint in the Southwest and strengthens its engineered DC power capabilities by integrating CPS’s technicians and design team.

Roper Technologies agreed to acquire Transact Campus for a net purchase price of $1.5 billion, combining Transact with Roper's existing CBORD business to create an expanded campus technology and payments offering. The deal values Transact at roughly 14x expected 2025 EBITDA and the company is expected to contribute about $325 million of revenue and $105 million of EBITDA in 2025.

Oldcastle APG, a CRH company, has acquired Master Block, Inc., a single-site concrete block manufacturer in El Mirage, Arizona. The acquisition expands Oldcastle APG's masonry and fence block production capacity in the greater Phoenix area and integrates Master Block's manufacturing assets into Oldcastle APG's regional plant network to better meet local demand.

RK Logistics Group acquired a 79,000 square-foot climate-controlled warehouse and related assets (including freight contracts and a modest fleet) from Tempe-based Southwest Supply Chain Solutions, expanding RK's footprint in the greater Phoenix metro. The move positions RK to support growing semiconductor and EV battery manufacturing in Arizona and brings RK's full suite of warehousing, expedited transportation and technology-enabled logistics services to the Tempe site.

Tide Rock, an unlevered buyout firm, has acquired Phoenix-based Global Electronics Recycling (GER) and will integrate GER into its existing portfolio company Full Circle Electronics. The deal expands Tide Rock's national electronics recycling footprint and strengthens capabilities and customer relationships in aerospace & defense, communications and solar panel recycling; Tracey Haslam, CEO of Full Circle Electronics, will lead the integration.

Dataprise, a Trinity Hunt Partners-backed MSP and MSSP, has acquired Phoenix IT (phx-IT), a Phoenix-based cyber incident response and managed services provider. The deal adds incident response and remediation capabilities to Dataprise's cybersecurity platform and expands its regional managed services footprint into Arizona.