Q2 2026 | Arizona M&A Insights
The information reflects transactions as reported, including deal descriptions, values, and statuses, but may contain gaps, such as undisclosed deal terms or financial metrics, which limit comprehensive analysis. While efforts have been made to ensure accuracy, users should consult primary sources or professional advisors for legal, financial, or strategic decisions. No warranties are made regarding the completeness or reliability of this data, and the provider assumes no liability for its use.
Targets in Arizona
Arizona — Business Sale Overview
In Q2 2026, Arizona-based target companies recorded 48 M&A transactions, down modestly from 51 in Q1 2026 but consistent with the elevated inbound activity that has defined the state's seller market. Disclosed value was dominated by a single landmark deal: Berkshire Hathaway's approximately $6.9 billion take-private of Scottsdale-based homebuilder Taylor Morrison ($8.7bn transaction value), which alone accounted for the overwhelming majority of the quarter's disclosed capital and stands among the largest acquisitions of an Arizona-headquartered company on record. Buyers again skewed toward well-capitalized strategics and institutional sponsors—roughly 40 of the 48 targets were acquired by out-of-state or foreign buyers—reinforcing Arizona's position as a durable exit market for scaled platforms, differentiated technology, mission-critical services, and long-life resource assets. Recurring consolidation themes carried the middle market, most visibly insurance brokerage roll-ups (Inszone Insurance alone completed four Arizona acquisitions), a persistent copper and critical-minerals cluster, and a run of craft-distillery transactions.
Beyond the Taylor Morrison deal, the quarter's marquee activity underscored the quality of capital targeting Arizona assets. In technology and aerospace, York Space Systems' $67 million acquisition of Tempe-based Solestial added space-grade solar and semiconductor capabilities, ITT's $31 million purchase of Gilbert-based Aerospace Contacts strengthened a national aerospace-components supply chain, and Principal Mineral's acquisition of Chandler-based Isola Group—backed by roughly $280 million of new financing—advanced domestic production of advanced circuit-board materials. Resource exposure was again strategically bid, including Nittetsu Mining's $20 million joint venture for an 80% interest in the Oracle Ridge copper project and multiple royalty and exploration transactions (Evolve Royalties' Sunnyside royalty, Kay Copper's Mohave and Copper Hill project, and Homeland Critical Minerals' Willcox Playa project) that point to sustained interest in Arizona's long-life copper and critical-minerals optionality. For founder-owners and sponsors evaluating the state's exit environment, Q2 reinforced a familiar signal: institutional and strategic capital remains willing to pay for defensible platforms, recurring demand, and scalable operating models—now punctuated by a Berkshire Hathaway endorsement of Arizona's flagship homebuilder.
Arizona — Strategic vs. Sponsor-led Activity
Arizona — X / Y Plot By Sector
Arizona — M&A Segmentation
Arizona — Sector Breakdown
Second Level Primary Industry Breakdown
Arizona M&A Deal Summaries — Business Sale Activity for M&A Targets
The following transactions represent M&A activity where the target entity is headquartered in described geography, in line with the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.
Bio Shield Tech LLC (3/31/2026) An undisclosed buyer acquired Bio Shield Tech LLC of Bunnell, AZ, adding protective technology and biosafety solutions; Alta Towers Advisors advised the seller.
Arbor Rose Senior Care, LLC (4/1/2026) The Pennant Group, Inc. of Eagle, ID, acquired Arbor Rose Senior Care, LLC of Mesa, AZ, expanding its senior-living platform; the community will be rebranded Lavender Lane Senior Living.
Hamilton Distillers Group, Inc. (4/9/2026) No Sleep Beverage of West Palm Beach, FL, acquired Hamilton Distillers Group, Inc. (maker of Whiskey Del Bac) of Tucson, AZ, adding a craft American single-malt whiskey brand to its portfolio.
Leviathan Project (4/9/2026) Golden Mile Resources Limited of Melbourne, Australia, signed a letter of intent to earn up to a 95% interest in the Leviathan Project in Arizona, expanding its copper exploration portfolio.
P&C Investments, LLC (4/10/2026) Madison Lake Capital LLC of Madison, WI, acquired P&C Investments, LLC of Tucson, AZ, expanding its diversified metals and mining holdings.
Undisclosed Insurance Agency (4/10/2026) ALKEME Intermediary Holdings, LLC (Alkeme Inc.) of Ladera Ranch, CA, acquired an undisclosed insurance agency in Arizona, extending its insurance brokerage platform in the Southwest.
Benchmark Insurance Group LLC (4/16/2026) Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired Benchmark Insurance Group LLC of Tucson, AZ, consolidating its independent insurance brokerage presence in Arizona.
Additional Claims (4/20/2026) Liberty Star Uranium & Metals Corp. of Tucson, AZ, acquired additional mining claims in Arizona through a staking transaction, expanding its exploration portfolio.
Allied Portfolio Management, Inc. (4/20/2026) Waterloo Capital, L.P. of Austin, TX, acquired a minority stake in Allied Portfolio Management, Inc. of Tucson, AZ, with the combined practice operating under the Waterloo Capital name.
Oracle Ridge Project (4/20/2026) Nittetsu Mining Co., Ltd. of Chiyoda, Japan, agreed to acquire an 80% interest in the Oracle Ridge copper project in Arizona for $20 million through a binding joint venture with Eagle Mountain Mining.
Sran Spirits LLC (4/20/2026) Chilco River Holdings, Inc. of Los Angeles, CA, acquired Sran Spirits LLC (Daru Whiskey) of Scottsdale, AZ, in an all-stock transaction, adding a craft whiskey brand to its portfolio.
Park Model-Manufactured Home Insurance Services, LLC (4/21/2026) Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired Park Model-Manufactured Home Insurance Services, LLC of Phoenix, AZ, expanding its specialty insurance brokerage capabilities.
121 Additional Claims (4/22/2026) Kingman Minerals Ltd. of Vancouver, Canada, staked 121 additional lode claims around the historic Rosebud Mine site in Arizona, expanding its gold exploration holdings to 192 claims across 1,216 hectares.
Lumina Vision Partners LLC (4/22/2026) MED ParentCo, LP of Vienna, VA, acquired Lumina Vision Partners LLC of Phoenix, AZ, expanding its eye-care and vision-services platform.
Arena Renewables, LLC (4/23/2026) Headwater Energy, LLC of Durham, NC, acquired Arena Renewables, LLC of Scottsdale, AZ, adding renewable-energy development capabilities, with Arena's leadership team continuing to operate the business.
Compagno, LLC (4/24/2026) Vensure Employer Services, Inc. of Chandler, AZ, acquired Compagno, LLC of Flagstaff, AZ, adding software capabilities to its HR and employment-services platform.
Mohave and Copper Hill Project (4/29/2026) Kay Copper Corp. of Vancouver, Canada, agreed to acquire the Mohave and Copper Hill copper project in Arizona from Kodiak Copper and Teck Resources for C$10 million, expanding its copper exploration base.
Vertech Industrial Systems, LLC (4/29/2026) Catchment Capital, L.P. of New York, NY, acquired a majority stake in Vertech Industrial Systems, LLC of Phoenix, AZ, strengthening its industrial automation and IT-services platform.
Hawkeye Electric Inc. (5/1/2026) Enterprise Solutions, LLC of Nashville, TN, acquired Hawkeye Electric Inc. of Chandler, AZ, expanding its electrical contracting and construction-services footprint into the Southwest.
Weider Global Nutrition, LLC (5/5/2026) SunWay Biotech Co., LTD. of Taipei, Taiwan, agreed to acquire Weider Global Nutrition, LLC of Gilbert, AZ, adding a sports-nutrition and supplements platform; Jefferies advised the seller.
Industrial Power Solutions LLC (5/6/2026) Sundt Construction, Inc. of Tempe, AZ, acquired Industrial Power Solutions LLC of Glendale, AZ, which will operate as a wholly owned subsidiary, expanding its electrical and industrial-power capabilities.
Mission Underwriting Managers, LLC (5/6/2026) K2 Insurance Services, LLC of San Diego, CA, acquired Mission Underwriting Managers, LLC of Phoenix, AZ, which will operate under its Vikco Insurance Services brand.
Price Kong & Company P.A. (5/6/2026) Aprio, LLP of Atlanta, GA, agreed to acquire Price Kong & Company P.A. of Phoenix, AZ, adding more than 40 accounting and advisory professionals to its platform.
Coriano & Riesop Insurance, LLC (5/7/2026) Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired Coriano & Riesop Insurance, LLC of Phoenix, AZ, further consolidating its Arizona brokerage presence.
Valon Mortgage, Inc. (5/7/2026) Carrington Mortgage Services, LLC of Orange, CA, in partnership with a private equity investor, acquired Valon Mortgage, Inc. of Phoenix, AZ, and will adopt Valon's ValonOS core servicing platform.
0.5% Net Smelter Returns Royalty on the Sunnyside Project (5/14/2026) Evolve Royalties Ltd of Vancouver, Canada, agreed to acquire a 0.5% net smelter returns royalty on the Sunnyside copper project in Arizona for $2.25 million, expanding its royalty portfolio.
Boulevard Media Company (5/14/2026) Harkey Media of Phoenix, AZ, acquired Boulevard Media Company of Phoenix, AZ, consolidating its advertising and media capabilities in the Phoenix market.
KQFN-AM (5/14/2026) LPFM Broadcasting, LLC of Scottsdale, AZ, agreed to acquire radio station KQFN-AM from CRC Broadcasting Company, subject to FCC approval, expanding its Arizona broadcast footprint.
Ckc Construction & Materials, LLC (5/18/2026) W.W. Clyde & Co. of Orem, UT, acquired CKC Construction & Materials, LLC of Safford, AZ, which will transition under the W.W. Clyde brand, expanding its heavy-civil and materials operations.
Solestial, Inc. (5/19/2026) York Space Systems, Inc. of Greenwood Village, CO, acquired Solestial, Inc. of Tempe, AZ, for $67 million, adding space-grade solar and semiconductor technology to its satellite platform.
University Termite & Pest Control, Inc. (5/20/2026) PestCo Holdings, LLC of Clayton, MO, acquired University Termite & Pest Control, Inc. of Tucson, AZ, expanding its pest-control service density in the Southwest.
FavorPoint Capital LLC (5/21/2026) Parvis Invest Inc. of Vancouver, Canada, agreed to acquire FavorPoint Capital LLC of Scottsdale, AZ—initially a 24.9% interest, with the balance following FINRA approval—expanding its real estate investment platform.
Tombstone Whiskey Distillery, Inc. (5/21/2026) Torreon Group, Inc. of Pima, AZ, acquired Tombstone Whiskey Distillery, Inc. of Tombstone, AZ, adding a craft distilling brand to its portfolio.
PrimeTime, Inc. (5/22/2026) Treering Workforce Solutions, Inc. of Atlanta, GA, acquired PrimeTime, Inc. of Scottsdale, AZ, expanding its workforce-management software platform.
Equipment Leasing Services, LLC (5/26/2026) Trinity Capital Inc. of Phoenix, AZ, acquired Equipment Leasing Services, LLC of Scottsdale, AZ, expanding its equipment-financing and leasing capabilities.
The Arete Initiative, Inc. (5/27/2026) Spark Harbor acquired The Arete Initiative, Inc. of Scottsdale, AZ, expanding its education-services platform.
Wellspring Financial Partners Inc. (5/29/2026) Parkwoods Wealth Partners, LLC of Clayton, MO, acquired Wellspring Financial Partners (Investment Metrics, LLC) of Arizona from Clearlake Capital Group, expanding its wealth-management footprint.
Taylor Morrison Home Corporation (5/31/2026) Berkshire Hathaway Inc. of Omaha, NE, reached a definitive agreement to acquire Taylor Morrison Home Corporation of Scottsdale, AZ, for $6.9 billion—a 24% premium—taking the national homebuilder private under its existing management team led by CEO Sheryl Palmer. Transaction value of $8.7 billion.
Tuscani Pointe (5/31/2026) An investor group led by EvCap Investments and Point Acquisitions LLC acquired Tuscani Pointe of Phoenix, AZ.
Elevate USA Inc. (6/2/2026) Government Leadership Solutions of Scottsdale, AZ, acquired Elevate USA Inc. of Rio Verde, AZ, with the combined organization operating under the Elevate USA brand.
Willcox Playa Project (6/8/2026) Homeland Critical Minerals Corp. agreed to acquire the Willcox Playa critical-minerals project in Arizona from MAX Power Mining Corp. for C$1.1 million, expanding its critical-minerals portfolio.
Professional Insurance Strategies, LLC (6/9/2026) Inszone Insurance Services, Inc. of Rancho Cordova, CA, acquired Professional Insurance Strategies, LLC of Glendale, AZ, from private investor Gary Hanson, continuing its Arizona brokerage roll-up.
Horsepower Automotive Group, LLC (6/11/2026) River Associates Investments, L.P. of Chattanooga, TN, acquired Horsepower Automotive Group, LLC of Mesa, AZ, from Huron Capital Partners, backing the automotive-aftermarket platform through its eighth investment fund.
Bio-Dex Laboratories, LLC (6/12/2026) Hasa, Inc. of Saugus, CA, acquired Bio-Dex Laboratories of Phoenix, AZ, retaining the Bio-Dex brand and distributing its products through HASA's network, expanding its water-treatment chemicals platform.
Aerospace Contacts, LLC (6/16/2026) ITT Inc. of Stamford, CT, acquired Aerospace Contacts, L.L.C. of Gilbert, AZ, for $31 million, strengthening its aerospace connector and components capabilities.
Isola Group Ltd. (6/16/2026) Principal Mineral Co. Inc. of Dallas, TX, acquired Isola Group Ltd. of Chandler, AZ, a maker of advanced circuit-board materials, backed by roughly $280 million in new financing to support the combined company.
iNaira Healthcare Technologies, Inc. (6/18/2026) LeadingReach, Inc. of Austin, TX, acquired iNaira Healthcare Technologies, Inc. of Chandler, AZ, adding AI-driven referral and workflow automation to its care-coordination platform.
Ally Waste Services, LLC (6/30/2026) An undisclosed buyer acquired Ally Waste Services, LLC of Gilbert, AZ, from RF Investment Partners, expanding its environmental and waste-services footprint.
Buyers in Arizona
The following transactions represent M&A activity where the acquiring entity is headquartered in described geography, distinct from the traditional reporting on target M&A deal volume and metrics captured in the charts and conventional analysis above.
Arizona — M&A Business Acquisition Overview (Buyers)
In Q2 2026, Arizona-headquartered acquirors completed 59 outbound transactions totaling approximately $7.3 billion in disclosed value, down from 67 buy-side deals in Q1 2026 but anchored by one transformational deal. Scottsdale-based ON Semiconductor's (onsemi) agreement to acquire San Jose's Synaptics in an all-stock transaction valued at roughly $7.1 billion (about $6.7 billion in equity) accounted for nearly all of the quarter's disclosed capital and stands as one of the largest acquisitions ever led by an Arizona-headquartered company, materially expanding onsemi's edge-AI and IoT semiconductor platform. Beneath that headline, the quarter's defining pattern was again disciplined, programmatic consolidation: Tucson-based Sun Auto Tire & Service alone completed seven automotive-service bolt-ons across the Midwest, Southeast, and Texas, while Air Transport Components (two aerospace MRO add-ons, backed by AE Industrial Partners), Republic Services (two environmental and hazardous-waste acquisitions), Compactor Rentals of America (two equipment-rental roll-ups), and Canyon GBS (two education-technology deals) each built density within single verticals.
Value beyond the onsemi deal concentrated in a smaller set of larger checks and real estate. CopperPoint Insurance's $84.3 million acquisition of General Indemnity Group extended its specialty insurance and surety operations, while multifamily and net-lease operators deployed the next tier of capital—Bascom Arizona Ventures' $45.5 million Tucson community, Greenwater Real Estate Management's $32 million Tucson property, PEM Real Estate Group's Texas Class A community, and Fundamental Income Properties' net-lease additions. Public strategics were also active on targeted bolt-ons, including Dutch Bros' approximately $63.5 million purchase of a 31-shop Phoenix East Valley franchise, Carvana's dealership expansion, Opendoor's escrow acquisition, and StandardAero's all-cash purchase of Unified Turbines. With targets spanning more than a dozen states and reaching into Canada, the quarter reinforced Arizona's dual role as both a premier seller market and a base for disciplined, national platform builders and capital allocators.
Arizona M&A Deal Summaries — Business Sale Activity for M&A Buyers
Beck-Reit & Sons, Ltd. (3/31/2026) The Truesdell Corporation of Tempe, AZ, acquired Beck-Reit & Sons, Ltd. of Austin, TX, expanding its construction and infrastructure services into Texas.
Clarify, LLC (3/31/2026) 3WIN Corp. of Tempe, AZ, acquired Clarify, LLC of Tempe, AZ, adding packaging and filling-equipment capabilities to its manufacturing platform.
Escrow Operations of Doma Technology, LLC (3/31/2026) Opendoor Labs Inc. of Tempe, AZ, acquired the Escrow Operations of Doma Technology, LLC, bringing escrow capabilities and 85 employees in-house to support its digital home-transaction platform.
K20JX-D (3/31/2026) Good News Broadcasting Network, Inc. of Scottsdale, AZ, agreed to acquire an interest in television station K20JX-D in California, subject to FCC approval, expanding its broadcast-media reach.
Orbograph Ltd. (3/31/2026) Cash Flow Management, LLC (Kinective) of Gilbert, AZ, acquired Orbograph Ltd. of Burlington, MA, adding check-recognition and fraud-prevention technology to its platform.
Southern Tire Sales of Burlington, Inc. (3/31/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Southern Tire Sales of Burlington, Inc. of Burlington, NC, building automotive-service density in the Carolinas.
Thermal Management Technologies, LLC (4/2/2026) Phantom Space Corporation of Tucson, AZ, acquired Thermal Management Technologies, LLC of North Logan, UT, adding satellite-component and thermal-engineering capabilities to its space-systems platform.
PAS MRO (4/8/2026) Air Transport Components, LLC of Gilbert, AZ, acquired PAS MRO of Bristow, OK, in a roll-up transaction expanding its aircraft maintenance, repair, and overhaul capabilities.
Caramerica (4/9/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Caramerica of Sellersburg, IN, extending its automotive-service footprint into the Midwest.
Assets of Equity Plan Solutions (4/14/2026) Equity Methods, LLC of Scottsdale, AZ, agreed to acquire the assets of Equity Plan Solutions, LLC, expanding its equity-compensation and plan-management services.
Blue Sky Consulting Services, LLC (4/16/2026) FST Technical Services, Inc. of Chandler, AZ, acquired Blue Sky Consulting Services, LLC of Boise, ID, expanding its technical and engineering consulting under a unified brand.
Two Checkpoint Tire & Service locations in Illinois (4/16/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired two Checkpoint Tire & Service locations in Illinois, adding retail tire and service points in the Midwest.
Additional Claims (4/20/2026) Liberty Star Uranium & Metals Corp. of Tucson, AZ, acquired additional mining claims in Arizona through a staking transaction, expanding its exploration portfolio.
Automatiga LLC (4/21/2026) qBotica, Inc. of Phoenix, AZ, acquired Automatiga LLC of Herriman, UT, expanding its intelligent-automation and robotic-process-automation platform.
Chrysler Dodge Jeep Ram dealership in Avon Lake, Ohio (4/21/2026) Carvana Co. of Tempe, AZ, acquired a Chrysler Dodge Jeep Ram dealership in Avon Lake, OH, from Catskill Automotive Partners, expanding its automotive retail and franchise footprint.
Mushroom Madness, Inc. / Formrunner Apparel Inc. (4/22/2026) CBD Life Sciences Inc. of Scottsdale, AZ, acquired the remaining majority stake in Mushroom Madness, Inc. and Formrunner Apparel Inc. from FBC Holding, consolidating its consumer-brands holdings.
Compagno, LLC (4/24/2026) Vensure Employer Services, Inc. of Chandler, AZ, acquired Compagno, LLC of Flagstaff, AZ, adding software capabilities to its HR and employment-services platform.
TOPS'L Beach & Racquet Resort (4/24/2026) Secret Sauce Brands LLC of Scottsdale, AZ, acquired the TOPS'L Beach & Racquet Resort of Miramar Beach, FL, which will operate under TOPS'L Lodging Company, expanding its hospitality holdings.
Robinson Waste Services, LLC (4/30/2026) Republic Services, Inc. of Phoenix, AZ, acquired Robinson Waste Services, LLC of Layton, UT, from ERA Partners, expanding its environmental and waste-collection footprint.
Rewards platform from Keating Software (5/1/2026) PointsKash Inc. of Scottsdale, AZ, acquired the rewards program development and reporting platform from Keating Software, expanding its loyalty and rewards technology.
Adventure Pest & Wildlife (5/4/2026) AXN Growth Partners of Phoenix, AZ, acquired Adventure Pest & Wildlife of Show Low, AZ, expanding its pest-control and wildlife-services platform.
Service Street Tire & Auto Repair (5/4/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Service Street Tire & Auto Repair of Cypress, TX, which rebranded to Sun Auto, expanding automotive-service density in Texas.
Sim Agro Inc. (5/4/2026) 1606 Corp. of Phoenix, AZ, agreed to acquire a 51% stake in Sim Agro Inc. of Spring, TX, for $0.2 million, expanding into the agricultural-technology sector.
Industrial Power Solutions LLC (5/6/2026) Sundt Construction, Inc. of Tempe, AZ, acquired Industrial Power Solutions LLC of Glendale, AZ, which will operate as a wholly owned subsidiary, expanding its electrical and industrial-power capabilities.
NAESIP LLC (5/6/2026) UCPM, LLC of Gilbert, AZ, acquired NAESIP LLC of Mahwah, NJ, expanding its specialty risk-management and services platform.
25,880 SF Industrial Building in Phoenix (5/7/2026) Cica-Huntek Chemical Technology USA Corp of Phoenix, AZ, acquired a 25,880-square-foot industrial building in Phoenix, AZ, for $8 million, expanding its manufacturing and operations footprint.
Meadowlark Ski & Lake Lodge (5/7/2026) MAS Tierra, LLC of Scottsdale, AZ, acquired the Meadowlark Ski & Lake Lodge of Ten Sleep, WY, its first step in a longer-term development in the Bighorn area.
Unified Turbines, Inc. (5/7/2026) StandardAero, Inc. of Scottsdale, AZ, acquired Unified Turbines, Inc. of Milton, VT, in an all-cash deal aligning it with StandardAero's Component Repair Services segment.
Quality Tire & Auto (5/11/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Quality Tire & Auto of Murfreesboro, TN, adding automotive-service density in the Southeast.
Du Lac Wealth Services (5/12/2026) Osaic, Inc. of Phoenix, AZ, acquired Du Lac Wealth Services of Cary, NC, from LPL Financial, adding advisory assets to its national wealth-management network.
Phoenix East Valley franchise (5/12/2026) Dutch Bros Inc. of Tempe, AZ, agreed to acquire the Phoenix East Valley franchise—31 Arizona locations—for approximately $63.5 million, bringing a cluster of its drive-thru coffee shops in-house.
Boulevard Media Company (5/14/2026) Harkey Media of Phoenix, AZ, acquired Boulevard Media Company of Phoenix, AZ, consolidating its advertising and media capabilities in the Phoenix market.
KQFN-AM (5/14/2026) LPFM Broadcasting, LLC of Scottsdale, AZ, agreed to acquire radio station KQFN-AM in Arizona from CRC Broadcasting, subject to FCC approval, expanding its Arizona broadcast footprint.
General Indemnity Group, LLC (5/18/2026) CopperPoint Insurance Company of Phoenix, AZ, agreed to acquire General Indemnity Group, LLC of Boston, MA, from Boston Omaha Corporation for $84.3 million, expanding its specialty insurance and surety operations.
Six Grismer Tire properties (5/19/2026) Fundamental Income Properties, LLC of Phoenix, AZ, acquired six Grismer Tire net-lease properties, expanding its net-lease real estate portfolio.
Main Street Tire & Auto (5/20/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Main Street Tire & Auto of Carrollton, IL, which will rebrand as Plaza Tire Service, extending its Midwest service network.
Tombstone Whiskey Distillery, Inc. (5/21/2026) Torreon Group, Inc. of Pima, AZ, acquired Tombstone Whiskey Distillery, Inc. of Tombstone, AZ, adding a craft distilling brand to its portfolio.
Domain 3201 (289-unit multifamily, Tucson) (5/26/2026) Bascom Arizona Ventures, LLC of Scottsdale, AZ, acquired Domain 3201, a 289-unit multifamily community in Tucson, AZ, for $45.5 million, adding a scaled residential asset to its portfolio.
Equipment Leasing Services, LLC (5/26/2026) Trinity Capital Inc. of Phoenix, AZ, acquired Equipment Leasing Services, LLC of Scottsdale, AZ, expanding its equipment-financing and leasing capabilities.
Hazardous waste assets of TD X Associates LP (5/26/2026) Republic Services, Inc. of Phoenix, AZ, agreed to acquire the hazardous-waste assets of TD X Associates LP, expanding its environmental-services and hazardous-waste capabilities.
Apidapter, Inc. (5/27/2026) Canyon GBS LLC of Scottsdale, AZ, acquired Apidapter, Inc. of San Jose, CA, adding integration technology to its platform.
Intellidemia, Inc. (5/27/2026) Canyon GBS LLC of Scottsdale, AZ, acquired Intellidemia, Inc. of New York, NY, expanding its education-technology software capabilities.
cResults LLC (6/2/2026) Title21 Software, Inc. of Phoenix, AZ, acquired cResults LLC of Tenafly, NJ, expanding its quality-management and healthcare software platform.
Elevate USA Inc. (6/2/2026) Government Leadership Solutions of Scottsdale, AZ, acquired Elevate USA Inc. of Rio Verde, AZ, with the combined organization operating under the Elevate USA brand.
Especially For Children Inc. (6/2/2026) Cadence Education, LLC of Scottsdale, AZ, acquired Especially For Children Inc., a nine-school early-childhood-education network in the Minneapolis–St. Paul area, MN, growing Cadence's network to 350 schools nationwide.
Eureka Beverages Inc. (6/2/2026) The Alkaline Water Company Inc. of Scottsdale, AZ, signed a letter of intent to acquire Eureka Beverages Inc. of Edmonton, Canada, for CAD 7.4 million (about $5.3 million), expanding its beverage portfolio.
Stone Mountain Access Systems, Inc. (6/2/2026) Action Equipment & Scaffold Co., Inc. of Phoenix, AZ, acquired Stone Mountain Access Systems, Inc. of Hillside, IL, expanding its access-equipment and scaffolding operations.
Left Field Capital Corp. (6/3/2026) Kilroy Metal Inc. of Phoenix, AZ, entered into a letter of intent to acquire Left Field Capital Corp. of Vancouver, Canada, in a reverse-merger transaction, with the resulting issuer to be renamed Kilroy Metal Corp.
Aero Controls, Inc. (6/4/2026) Air Transport Components, LLC of Gilbert, AZ, acquired Aero Controls, Inc. of Auburn, WA—its second add-on since partnering with AE Industrial Partners—expanding its aftermarket aerospace-components platform.
Mobile IV Medics Inc. (6/4/2026) Mobile RN Holdings LLC of Phoenix, AZ, acquired Mobile IV Medics Inc. of New Braunfels, TX, forming the largest U.S. mobile IV-therapy provider with more than 1,100 clinicians across 19 states.
Emerson at Red Oak (6/9/2026) PEM Real Estate Group, LLC of Phoenix, AZ, acquired Emerson at Red Oak, a 306-unit Class A multifamily community in Red Oak, TX, financed through Fannie Mae's DUS program.
Highland Auto / Highland Tire at Sentry Station (6/9/2026) Sun Auto Tire & Service Inc. of Tucson, AZ, acquired Highland Auto in Tennessee and Highland Tire at Sentry Station in Georgia, extending its Southeast automotive-service network.
Three CKG Properties (6/15/2026) Broken Arrow Herbal Center, Inc. of Phoenix, AZ, agreed to acquire three CKG properties (in Chino Valley, Kingman, and Green Valley, AZ) from Zoned Properties for $9 million, expanding its Arizona real estate holdings.
TST Inc. (6/17/2026) EPS Group, Inc. of Mesa, AZ, acquired TST Inc. of Fort Collins, CO, expanding its engineering, planning, and surveying services into Colorado.
Diamond Rentals, Inc. (6/18/2026) Compactor Rentals of America, LLC of Phoenix, AZ, acquired Diamond Rentals, Inc. of Rantoul, IL, in a roll-up expanding its waste-equipment rental footprint.
Reddy Equipment, Inc. (6/18/2026) Compactor Rentals of America, LLC of Phoenix, AZ, acquired Reddy Equipment, Inc. of Solon, OH, in a roll-up expanding its compaction-equipment rental network.
Synaptics Incorporated (6/25/2026) ON Semiconductor Corporation (onsemi) of Scottsdale, AZ, agreed to acquire Synaptics Incorporated of San Jose, CA, in an all-stock transaction valued at approximately $7.1 billion (about $6.7 billion in equity, a 19% premium), significantly expanding its edge-AI and IoT semiconductor capabilities.
301-unit multifamily property in Tucson (6/26/2026) Greenwater Real Estate Management, LLC of Tucson, AZ, acquired a 301-unit multifamily property in Tucson, AZ, for $32 million, adding a scaled residential asset to its portfolio.
P & E Mechanical Contractors, LLC (6/30/2026) Modigent, LLC of Phoenix, AZ, acquired P & E Mechanical Contractors, LLC of Waco, TX, expanding its mechanical, HVAC, and building-services platform into Texas.
M&A Segmentation — Glossary:
M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.
M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.
M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.
M&A – Spinoff or Splitoff: The divestiture of a business unit into a separate entity or distribution of subsidiary shares to shareholders.
Deal Terms — Glossary:
Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.
Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.
Implied Enterprise Value: Provides a standardized measure of the target’s total entity value, incorporating 100% of the enterprise including net debt, for consistent comparison with metrics like LTM EBITDA and Revenue.
Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.
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