Arizona Deal Intelligence - October 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

10/1/2025 Insight Enterprises, Inc. (NasdaqGS:NSIT) acquired Inspire11 LLC. The terms of the transaction were not disclosed. Insight, together with its subsidiaries, provides information technology, hardware, software, and services and is based in Chandler.

10/1/2025 Systrends acquired HData Compliance. The terms of the transaction were not disclosed. Based in Tempe, Systrends is the leading provider of FERC compliance reporting software to the U.S. regulated energy industry.

10/1/2025 PRO EM National Event Services acquired Top Productions. The terms of the transaction were not disclosed. PRO EM offers large-scale event production services and is based in Phoenix.

10/2/2025 Gowan Company LLC acquired Ceradis B.V. The terms of the transaction were not disclosed. Gowan manufactures and markets crop protection products for agriculture and horticulture markets and is based in Yuma.

10/2/2025 Avidex Industries, LLC acquired CCS Presentation Systems Inc. The terms of the transaction were not disclosed. CCS designs, integrates, installs, maintains, and repairs audio and video equipment in the U.S. and is based in Mesa.

10/9/2025 ZenaDrone Inc. acquired Putt Land Surveying, Inc. The terms of the transaction were not disclosed. Putt is a full service land surveying company based in Tucson.

10/9/2025 Revelation Pharma Corp. acquired Acacia Apothecary and Wellness. The terms of the transaction were not disclosed. Based in Tucson, Acacia operates as a compounding pharmacy and prescription lab that provides customized medications in women's health, hormone therapy, pain management, dermatology, and veterinary care.

10/10/2025 Martori Bros. Distributors acquired Sol Group Marketing Company. The terms of the transaction were not disclosed. Martori produces and distributes melons and is based in Scottsdale. Clark Hill PLC served as legal advisor to Martori.

10/13/2025 Sunflower Industrial acquired Arizona Epoxy Systems, LLC. The terms of the transaction were not disclosed. Arizona Epoxy offers installation services for commercial and industrial epoxy flooring and is based in Tempe.

10/14/2025 Sun Auto Tire & Service Inc. acquired Vannoy's Tires Inc. The terms of the transaction were not disclosed. Sun provides automotive aftermarket repair services under the BRAKEmax and Tire Works brands and is based in Tucson.

10/14/2025 Trusted Aerospace Engineering Pvt. Ltd. acquired Joined Alloys, LLC for $12.0 million. Joined Alloys manufactures precision metal components and subassemblies using machining, fabrication, and specialized metallurgical processes for aerospace and defense customers and is based in Phoenix.

10/14/2025 FlyHouse Technology, LLC agreed to acquire Sun Air Jets, LLC. The terms of the transaction were not disclosed. FlyHouse operates a private aircraft management company and is based in Scottsdale.

10/15/2025 Document Fulfillment Services acquired mailing.com. The terms of the transaction were not disclosed. mailing.com provides direct mail printing and mailing services and is based in Phoenix.

10/17/2025 Webcor Construction, LP agreed to acquire GCON, Inc. The acquisition includes GCON Management Company, LLC and GCON Leasing Company, LLC. The terms of the transaction were not disclosed. Based in Phoenix, GCON provides construction management services, including mechanical, electrical, and plumbing. Burr & Forman LLP is serving as legal advisor to GCON.

10/20/2025 QueBIT Consulting, LLC acquired Suite Answers That Work. The terms of the transaction were not disclosed. Suite Answers is a cloud-based business management consulting firm and is based in Scottsdale.

10/21/2025 Mister Car Wash, Inc. (NasdaqGS:MCW) acquired 5 Car Wash locations of Whistle Express Car Wash. The terms of the transaction were not disclosed. Mister Car Wash, together with its subsidiaries, provides conveyorized car wash services and is based in Tucson.

10/21/2025 Pivot North Consulting Group and PNC Specialty Foods LLC acquired an unknown majority stake in Ice Cream Factory, LLC. The terms of the transaction were not disclosed. Pivot is a specialty food consulting company based in Scottsdale. PNC provides brokerage, distribution, and retail support services for restaurant brands and is based in Scottsdale.

10/21/2025 Trinity Consultants, Inc. acquired GeoSystems Analysis, Inc. The terms of the transaction were not disclosed. GeoSystems is a hydrology and natural resources consultancy based in Tucson.

10/21/2025 Compactor Rentals of America, LLC (CRA) acquired Maguire Equipment Inc. A Comerica Bank led syndicate provided debt financing for the transaction. The terms of the transaction were not disclosed. CRA, a portfolio company of Kinderhook Industries, LLC, engages in the rental and leasing of new or used commercial trash compactors, vertical balers, and other waste equipment for compaction needs and is based in Phoenix. Sidley Austin LLP served as legal advisor to CRA and Kinderhook.

10/24/2025 GPN Vaccines Inc. acquired Bacvax, Inc. The terms of the transaction were not disclosed. Bacvax operates as a vaccine research and development company that develops vaccines targeting bacterial infections and is based in Phoenix.

10/28/2025 Osaic Wealth, Inc. acquired Gallagher Financial Services, Inc. The terms of the transaction were not disclosed. Based in Scottsdale, Osaic offers investment advisory, brokerage, and financial planning services.

10/28/2025 Elevate Services, Inc. acquired Legadex. The terms of the transaction were not disclosed. Elevate provides legal consulting and management services and is based in Phoenix.

10/29/2025 Gallagher Bassett Services, Inc. acquired remaining stake in Safe T Professionals, LLC. The terms of the transaction were not disclosed. Safe T offers Environmental, Safety and Health (ESH) staffing services and is based in Chandler.

10/29/2025 EOS Fitness Opco Holdings, LLC acquired 23 existing gym locations in Southern California. The terms of the transaction were not disclosed. EOS operates a chain of fitness clubs and is based in Phoenix.

10/29/2025 Cadre Holdings, Inc. (NYSE:CDRE) agreed to acquire TYR Tactical, LLC for $200.0 million. TYR manufactures tactical gear and equipment for military, law enforcement, and government agencies worldwide and is based in Peoria. Polsinelli PC is serving as legal advisor to TYR.

10/30/2025 Exos Works, Inc. acquired Infinite Athlete, Inc. The terms of the transaction were not disclosed. Based in Phoenix, Exos provides physical fitness coaching and consulting services for corporate employees, elite athletes, and military operators.

M&A - Financial

10/7/2025 Nautic Partners, LLC along with management of Cenavera Nutrition, LLC acquired Cenavera Nutrition, LLC from Harkness Capital Partners LLC. The terms of the transaction were not disclosed. Based in Scottsdale, Cenavera provides outsourced food services for K-12 public, private, and charter schools.

Private Placements

10/2/2025 Archive Intel, Inc. announced that it has received $6.3 million in a round of funding led by Grayline Partners LLC with participation from Garuda Ventures and Social Leverage Advisors, LLC. Social Leverage is a venture capital firm based in Scottsdale.

10/7/2025 Mindset Medical, Inc. announced that it has received a round of funding from Xcellerant Ventures, LLC. Mindset develops and operates a digital health platform that conducts a complete and informed remote exam and appointment and is based in Phoenix. Xcellerant is a venture capital firm based in Scottsdale.

10/8/2025 Applied Energetics, Inc. (OTCPK:AERG) announced that it has completed a private placement for aggregate gross proceeds of approximately $10.8 million. Based in Tucson, Applied develops, manufactures, and sells advanced laser and photonics systems, incorporating fiber-based ultrashort pulse (USP) solutions, to support commercial and national security markets.

10/13/2025 Solentrex Inc. announced that it has received a round of funding that included participation from new investor Chair Capital. Based in Goodyear, Solentrex develops an AI-powered SaaS platform for solar EPCs and installers, streamlining the sales, proposal, financing, and installation workflow for clean energy adoption.

10/14/2025 Solutions360 USA, Inc. announced that it has received a round of funding that included participation from new investor Northrim Horizon L.P. Based in Mesa, Solutions360 develops and provides professional services automation (PSA) software that gives integration companies a unified view of their business using its Q360™ platform. Northrim is a private equity firm based in Mesa.

10/16/2025 Codis announced that it has received a round of funding led by 1315 Capital, LLC with participation from BroadOak Capital Partners LLC and Research Corporation Technologies. Research Corporation is a venture capital firm based in Tucson.

10/20/2025 Casium, Inc. announced that it has received $5.0 million in a round of funding led by Maverick Ventures with participation from AI2 Incubator, GTMfund LLC, and others. GTMfund is a venture capital firm based in Scottsdale.

10/21/2025 Kard Financial, Inc. announced that it has raised $15.0 million in a round of funding from Trinity Capital Inc., a Phoenix-based venture capital firm specializing in venture debt.

10/22/2025 Tempo Inc. announced that it has received $5.0 million in a round of funding that included participation from Golden Venture Partners, Inc., Inovia Capital, Inc., Singularity Capital, and other investors. Singularity is a private equity and venture capital firm based in Tucson.

10/24/2025 Terraplasma GmbH announced that it has received a round of funding that included participation from new investor BioLabs Holdings, Inc., a Mesa-based biotechnology company that develops and manufactures wound care solutions for those suffering from chronic wounds.