Arizona Deal Intelligence - February 2025
This report is prepared as a courtesy to the Arizona business community by Columbia West based on our research and information collected by our firm. Despite our dedicated efforts, occasionally a deal might be missed or appropriate credit not given to legal or financial advisors. Please feel free to contact us if you have information on a transaction that you want to ensure is included and credit attributed to appropriate advisors. Also, feel free to forward to others who may have interest; they can be added to the regular distribution by contacting our office. Our contact information is below.
M&A - Strategic
2/4/2025 Atwell acquired Terrascape Consulting. The terms of the transaction were not disclosed. Terrascape offers consulting and engineering services and is based in Phoenix.
2/5/2025 Paradox, Inc. acquired Eqtble, Inc. The terms of the transaction were not disclosed. Paradox designs and develops a recruitment assistant application to automate the screening, interview scheduling, and onboarding processes, and is based in Scottsdale.
2/5/2025 Prisma Graphic Corporation acquired Vivid Ink Graphics, Inc. The terms of the transaction were not disclosed. Prisma offers brand management, marketing logistics, and print production services and is based in Phoenix.
2/7/2025 Crest Insurance Group, LLC acquired Horizon Insurance Services, LLC. The terms of the transaction were not disclosed. Crest provides a wide range of insurance solutions and is based in Tucson.
2/11/2025 AstroTurf, LLC acquired General Acrylics, Inc. The terms of the transaction were not disclosed. General Acrylics operates as a contractor for tennis court, track, and synthetic turf installations and is based in Phoenix.
2/12/2025 Bambi Baby.com Corp acquired the Intellectual Property and E-commerce Store of Strolleria, LLC. The terms of the transaction were not disclosed. Strolleria is an independent e-commerce store specializing in premium baby gear and providing expert guidance to parents and is based in Scottsdale.
2/14/2025 Republic Services, Inc. (NYSE:RSG) acquired Shamrock Environmental Corporation. The terms of the transaction were not disclosed. Republic, together with its subsidiaries, provides waste management and recycling services and is based in Phoenix.
2/14/2025 Status Pros IT Services and Consulting acquired Esanelle LLC. The terms of the transaction were not disclosed. Esanelle provides managed IT, consulting, and support services and is based in Tempe.
2/18/2025 The Juice acquired AudiencePlus, Inc. The terms of the transaction were not disclosed. AudiencePlus is a content experience platform for B2B brands and is based in Phoenix.
2/18/2025 Devereux Advanced Behavioral Health Arizona acquired Strawberry Fields, Inc. The terms of the transaction were not disclosed. Devereux provides behavioral healthcare services in hospital, residential, community, and school-based settings and is based in Phoenix.
2/18/2025 Wrap Technologies, Inc. (NasdaqCM:WRAP) acquired W1 Global, LLC. The terms of the transaction were not disclosed. Wrap, a public safety technology and services company, develops policing solutions to law enforcement and security personnel and is based in Tempe.
2/26/2025 James Beard nominated brothers Mike and Jeffrey Mastro, along with their father Dennis Mastro and business partner Scott Troilo, acquired the legendary Phoenix-based Durant's Steakhouse from Jack and Carol McElroy. The terms of the transaction were not disclosed.
2/28/2025 Carvana Co. (NYSE:CVNA) acquired Jerry Seiner Chrysler Dodge Jeep Ram from Jerry Seiner Dealerships Inc. The terms of the transaction were not disclosed. Carvana, together with its subsidiaries, operates an e-commerce platform for buying and selling used cars in the U.S. and is based in Tempe.
M&A - Financial
2/19/2025 Ionic Partners, LLC acquired CXT Software. The terms of the transaction were not disclosed. CXT provides last-mile, route, and on-demand shipment management technology for logistics needs and is based in Phoenix.
2/25/2025 GI Manager L.P. and TA Associates Management, L.P. acquired an unknown majority stake in Egnyte, Inc. The terms of the transaction were not disclosed. GI is a private equity, data infrastructure, and real estate investment firm based in Scottsdale. Ropes & Gray LLP served as legal advisor to GI.
Private Placements
2/12/2025 Sol Nutrition, Inc. announced that it has raised equity funding from new investor You Capital. Sol is an herbal supplement company based in Scottsdale. You Capital is an investment firm based in Scottsdale.
2/19/2025 Systrends announced that it has received a strategic investment from Bristlecone Companies. Based in Tempe, Systrends offers electronic filing software that enables regulatory and accounting departments within electric, gas, oil, and service companies to comply with reporting requirements from the Federal Energy Regulatory Commission (FERC).
2/20/2025 Cagent Vascular, Inc. announced that it will raise $15.0 million in a round of funding from new investor Trinity Capital Inc. (NasdaqGS:TRIN). Trinity is a venture capital firm specializing in venture debt and is based in Phoenix.
2/24/2025 Wrap Technologies, Inc. (NasdaqCM:WRAP) announced that it has secured $5.8 million in a private placement of securities. Wrap, a public safety technology and services company, develops policing solutions to law enforcement and security personnel and is based in Tempe.