March 2025 | 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.
March 2025 - National Transaction Value ($bn) and Transaction Count
Arizona - Transaction Value and Count by Month
Arizona — Overview
In March 2025, Arizona's M&A scene wrapped up the first quarter with 14 transactions, showcasing a steady flow of activity across the state, from Scottsdale to Tucson. The deals touched a variety of sectors, with technology leading the way as Ubiqconn Technology snapped up E3 Displays, LLC for $7 million, while Cablevision Lightpath bolstered its telecom presence by acquiring WANRack’s Phoenix Business, adding 133 miles of fiber to its network. Healthcare also saw movement, with Prime Time Healthcare’s acquisition of Ab Staffing Solutions, LLC, prompting a rebrand to Fortis Healthcare Solutions, and consumer deals like Premium Brands Holdings Corporation’s $20.8 million purchase of Denmark Sausage Co. rounded out the mix. Transaction values ranged from a modest $0.04 million for a broadcasting asset to the $20.8 million food sector deal, reflecting Arizona’s diverse appeal to both corporate buyers and private investors looking for strategic opportunities. Aggregate reported transaction value ($mm) is up 249% YoY for the month of March, while transaction volume is up 17% YoY.
Arizona — Strategic vs. Sponsor-led Activity
Arizona — X / Y Plot By Sector
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.
Arizona — M&A Segmentation
Arizona — Sector Breakdown
Second Level Primary Industry Breakdown
Arizona — March 2025 M&A Deal Summaries
bluemedia, Inc. (March 3, 2025)
Wasserman Media Group, LLC acquired bluemedia, Inc., an advertising company, on March 3, 2025. The deal expands Wasserman’s footprint in the media and entertainment sector. The transaction was finalized on the same day.
Denmark Sausage, LLC (March 3, 2025)
Premium Brands Holdings Corporation purchased Denmark Sausage Co. for $20.8 million on March 3, 2025, using a mix of $15.7 million cash and company shares. The acquisition, advised by Generational Group, enhances Premium Brands’ packaged food portfolio. The deal, initially agreed upon in September 2024, was completed swiftly.
WANRack's Phoenix Business (March 4, 2025)
Cablevision Lightpath LLC, part of Altice USA, acquired WANRack’s Phoenix Business from CBRE Group on March 4, 2025. The deal adds 133 miles of fiber, boosting Lightpath’s telecom infrastructure in Arizona. The transaction was finalized on the same day.
Ab Staffing Solutions, LLC (March 5, 2025)
Prime Time Healthcare, LLC acquired Ab Staffing Solutions, LLC on March 5, 2025, and rebranded as Fortis Healthcare Solutions. The deal integrates Ab Staffing into Fortis’ healthcare staffing brands. The acquisition was completed promptly.
KMKR-LP (March 7, 2025)
Here’s To Your Health Radio agreed to acquire KMKR-LP, a broadcasting asset, from Xerocraft Inc. for $0.0038 million on December 28, 2024. The deal, announced on March 7, 2025, awaits FCC approval. The transaction aims to expand the buyer’s media presence.
Prosports Technologies, LLC (March 10, 2025)
IQMIND, Inc. acquired Prosports Technologies, LLC, an electronics firm, on March 10, 2025. The deal strengthens IQMIND’s technology portfolio. The transaction was completed on the same day.
1606 Corp. (March 11, 2025)
A private group led by Jon Garfield and Chuck Arnold signed a letter of intent to acquire a stake in 1606 Corp. for $1 million on March 11, 2025. The deal, pending due diligence and approvals, expects to retain 1606’s management. The transaction is slated to close soon.
E3 Displays LLC (March 12, 2025)
Ubiqconn Technology (USA) Inc. acquired E3 Displays, LLC for $7 million on March 12, 2025. E3 Displays will remain independent, benefiting from Ubiqconn’s global resources. The deal was finalized on the same day.
Herman Cx, LLC (March 12, 2025)
NV5 Global, Inc. acquired Herman Cx, LLC, an unclassified business, on March 12, 2025. The deal expands NV5’s service offerings. The transaction was completed swiftly.
Advantage Retirement Solutions, LLC (March 13, 2025)
An investor group including Athene Holding Ltd. and Apollo Global Management acquired Advantage Retirement Solutions, LLC on March 13, 2025. Sidley provided legal counsel for the transaction. The deal strengthens the group’s financial services portfolio.
Bennett Family Medicine (March 25, 2025)
Optima Medical, LLC acquired Bennett Family Medicine on March 25, 2025. The deal enhances Optima’s healthcare offerings in Arizona. The transaction was completed on the same day.
Harold's Restaurant LLC (March 26, 2025)
Jim and Kris Ziebart, joined by co-owners Danny and Meri Piacquadio, acquired Harold’s Restaurant LLC from Bill and Marie Vale on March 26, 2025. The deal transitions ownership of the Cave Creek restaurant. The acquisition was finalized promptly.
White Hills copper-gold project (March 28, 2025)
Helix Resources Limited agreed to acquire the White Hills copper-gold project for A$0.2 million on March 28, 2025, following a February letter of intent. The deal expands Helix’s mining assets in Arizona. The seller’s identity remains undisclosed.
Vero Amore, LLC (March 31, 2025)
Jimmy Aujla acquired Vero Amore from JAM Culinary Concepts on March 31, 2025, renaming it AMORE. The deal transitions ownership of the restaurant business. The transaction was completed on the same day.
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