2024 Arizona M&A Year in Review
Arizona closed 2024 with $3 billion in reported M&A deal volume—a recalibrated performance that reflects broader macroeconomic shifts after a decade of peaks and resets.
Our 2024 Arizona M&A Year in Review Report explores how rising interest rates, evolving corporate strategies, and investor sentiment have influenced business sales and transaction trends across the state. While high-activity years like 2021 ($35bn) and 2022 ($19bn) were driven by abundant capital and post-COVID momentum, 2024 marked a return to more disciplined, value-focused dealmaking.
Private equity in Arizona remained engaged but selective, with $2 billion deployed in 2024, compared to $15 billion in 2022. Strategic buyers also recalibrated, prioritizing operational alignment and long-term fit.
Despite the pullback in total volume, Arizona’s M&A landscape remains resilient, with business owners, investors, and advisors adapting to a more measured environment.
Click to access the full report and uncover key insights into Arizona business sales, buyer behavior, and private capital deployment—all shaping the road ahead for 2025.
