June 2025 | Arizona M&A Insights

M&A InsightsArizona Market TrendsDeal Trends
Written By William & Wall

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.

This Month - National Transaction Value ($bn) and Transaction Count

Targets in Arizona

Arizona - Transaction Value and Count by Month

Arizona — Business Sale Overview

Arizona’s M&A market in June 2025 featured 11 target deals with a disclosed value of approximately $9.5 million, reflecting strategic growth across various sectors. Key transactions included Silver Range Resources Ltd.’s acquisition of the Tesoro Project from an undisclosed seller, targeting mineral exploration expansion, and Arizona Sonoran Copper Company Inc.’s $8.9 million agreement to acquire 0.64% NSRs on the Cactus Project, set to close on August 12, 2025, to enhance its copper mining interests. Other notable deals included Black Mammoth Metals Corporation staking additional claims to bolster its mining portfolio and SOLV Energy, LLC’s acquisition of Spartan Infrastructure from Mesa, AZ, to expand renewable energy infrastructure capabilities.

The month also saw diverse activity with Champions Group Holdings Limited acquiring Bumble Bee Plumbing Inc. from Glendale, AZ, retaining its brand for enhanced service delivery, and Ken Garff Automotive, LLC’s purchase of Gateway Chevrolet, Inc. from Avondale, AZ, rebranding it to improve operations. Technology and healthcare sectors were represented by Paynt UAB’s acquisition of E-xact Transactions Ltd. from Scottsdale, AZ, for payment processing growth, and Next10, Inc.’s acquisition of Torreon Group, Inc. from Pima, AZ, for operational expansion. Additionally, ResiXperts’ acquisition of Temco Air Environmental from Tucson, AZ, strengthened environmental services, while an undisclosed buyer’s $0.6 million agreement for the Secret Pass Project and AE Industrial Partners, LP’s acquisition of Air Transport Components, LLC from Gilbert, AZ, highlighted niche market activity. This activity underscores Arizona’s appeal for targeted investments in mining, infrastructure, and service sectors.

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.

  1. Temco Air Environmental (06/05/2025)

    • ResiXperts acquired Temco Air Environmental from Tucson, AZ, strengthening its position in environmental control and air quality management services.

  2. Torreon Group, Inc. (06/09/2025)

    • Next10, Inc. (OTCPK:NXTN) acquired Torreon Group, Inc. from Pima, AZ, expanding its operational footprint in the region.

  3. E-xact Transactions Ltd. (06/11/2025)

    • Paynt UAB acquired E-xact Transactions Ltd. from Scottsdale, AZ, enhancing its payment processing capabilities.

  4. Additional Claims (06/16/2025)

    • Black Mammoth Metals Corporation (TSXV: BMM) staked contiguous federal unpatented claims from an undisclosed seller in Arizona, aiming to bolster its mining portfolio.

  5. Air Transport Components, LLC (06/16/2025)

    • AE Industrial Partners, LP acquired Air Transport Components, LLC from Gilbert, AZ, to strengthen its aerospace and defense sector presence.

  6. Tesoro Project (06/17/2025)

    • Silver Range Resources Ltd. (TSXV:SNG) acquired interest in Tesoro Project from an undisclosed seller in Arizona, targeting growth in mineral exploration.

  7. Bumble Bee Plumbing Inc. (06/18/2025)

    • Champions Group Holdings Limited acquired Bumble Bee Plumbing Inc. from Glendale, AZ, retaining its brand identity with added support to enhance service delivery.

  8. Secret Pass Project (06/19/2025)

    • An undisclosed buyer entered into an agreement to acquire Secret Pass Gold Project from Northern Lights Resources Corp. (CNSX:NLR) in Arizona for $0.6 million, subject to regulatory approvals.

  9. Spartan Infrastructure (06/23/2025)

    • SOLV Energy, LLC acquired Spartan Infrastructure from Mesa, AZ, to expand its renewable energy infrastructure capabilities.

  10. Gateway Chevrolet, Inc. (06/24/2025)

    • Ken Garff Automotive, LLC acquired Gateway Chevrolet, Inc. from Avondale, AZ, retaining the team and rebranding it as Ken Garff Gateway Chevrolet to improve operations.

  11. 0.64% NSRs on Cactus Project (06/25/2025)

    • Arizona Sonoran Copper Company Inc. (TSX:ASCU) agreed to acquire 0.64% NSRs on Cactus Project from an Investor Group in Arizona for $8.9 million, expected to close on August 12, 2025.

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 Deal Summaries — Business Sale Activity for M&A Buyers

  1. Fausak Tires & Service (06/02/2025)

    • Sun Auto Tire & Service Inc., of Tucson, AZ, acquired Fausak Tires & Service from Chris Fausak, enhancing its automotive service network across multiple states.

  2. FarmBox Direct Inc. (06/03/2025)

    • Pyx Health, Inc., of Tucson, AZ, acquired FarmBox Direct Inc., financed through a $47.5 million equity investment from S2G Investments, to integrate innovative healthcare solutions with agricultural technology.

  3. Pan-Am West (06/03/2025)

    • Catalis Dental Lab Partners, of Tempe, AZ, acquired Revolution Dental Lab, to be rebranded as Pan-Am West, aiming to expand its dental laboratory services in the western U.S.

  4. Temco Air Environmental (06/05/2025)

    • ResiXperts, of Tucson, AZ, acquired Temco Air Environmental, strengthening its position in environmental control and air quality management services.

  5. Pediatric Dental Associates of Salem, PC (06/09/2025)

    • Salt Dental Collective, LLC, of Phoenix, AZ, acquired Pediatric Dental Associates, adding specialized pediatric dental care to its growing healthcare portfolio.

  6. Largest Franchisee Operation (06/11/2025)

    • Re-Bath, LLC, of Phoenix, AZ, acquired Largest Franchisee Operation from Kurt and Drew Kittleson, boosting its bathroom remodeling franchise network nationwide.

  7. RecordXTechnologies, LLC (06/12/2025)

    • Datavant, Inc., of Phoenix, AZ, signed an agreement to acquire Keais Records Service, LLC from Capstreet IV, L.P. and others, with CEO Vince Cole joining Datavant’s leadership team to enhance data management capabilities.

  8. CW Advisors, LLC (06/17/2025)

    • Osaic Inc., of Phoenix, AZ, acquired CW Advisors, LLC from Audax Management Company, LLC and others, expanding its wealth management and financial advisory services.

  9. Orion First Financial, LLC (06/18/2025)

    • Concord Servicing LLC, of Scottsdale, AZ, acquired Orion First Financial, LLC, aiming to strengthen its mortgage servicing and financial technology offerings.

  10. Asset portfolio of Akhan Semiconductor, Inc. (06/20/2025)

    • Diamond Technologies, Inc., of Phoenix, AZ, acquired Asset portfolio from AKHAN Semiconductor, Inc., including patents and intellectual property, to advance its semiconductor innovation.

  11. Maid Brigade Systems, Inc. (06/23/2025)

    • Evive Brands, LLC, of Scottsdale, AZ, acquired Maid Brigade Systems, Inc., enhancing its portfolio of home service franchise brands across the U.S.

  12. East Village District Plant (06/24/2025)

    • Cordia LLC, of Phoenix, AZ, acquired East Village District Plant from JMI Realty, positioning itself to develop a key urban real estate project.

  13. Jet Renewal Kit LLC (06/26/2025)

    • Eternum LLC, of Scottsdale, AZ, acquired Jet Renewal Kit LLC, expanding its aerospace maintenance and repair capabilities.

 

M&A Segmentation — Glossary:

  1. M&A – Whole: The acquisition of 100% ownership of a target company, giving the buyer full control.

  2. M&A – Asset: The purchase of specific assets, such as mineral rights or property, without acquiring the entire company.

  3. M&A – Minority: The acquisition of a non-controlling stake, typically under 50%.

  4. 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:

  1. Transaction Value: Represents the total consideration paid for a transaction, including net debt only if assumed, capturing the full financial scope of the deal.

  2. Deal Value: Focuses solely on the consideration paid for the equity acquired, excluding net debt, to reflect the cost of ownership.

  3. 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.

  4. Implied Equity Value: Isolates the equity portion, representing 100% of the target’s equity value, enabling a clear equity-to-equity comparison across transactions.

Copyright ©2025 William & Wall, S&P Global Market Intelligence

William & Wall https://www.williamandwall.com
Next

June 2025 | Arizona Debt, Equity & Venture Capital Insights