Arizona Deal Intelligence - February 2026

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

2/1/2026 Mereo 89, LLC, dba Mereo Fiber, acquired Data Stream Incorporated. The terms of the transaction were not disclosed. Mereo provides fiber-based broadband internet and business solutions and is based in Phoenix. Morrison & Foerster LLP served as legal advisor to Mereo.

2/2/2026 Sun Auto Tire & Service Inc. acquired Liberty Tire & Auto, Inc. On 2/16/2026, Sun Auto acquired Bay City Tire & Wheel and Black's Tire & Auto Save. The terms of the transactions were not disclosed. Sun Auto owns and operates more than 550 tire and service centers across the U.S. and is based in Tucson.

2/2/2026 Edustaff, LLC acquired E-Therapy. The terms of the transaction were not disclosed. Based in Flagstaff, E-Therapy provides therapy and support services, including on-site and teletherapy, to schools through a managed platform.

2/2/2026 Sedgman Limited acquired FSI Engineering and Design Inc. The terms of the transaction were not disclosed. FSI provides engineering services and is based in Mesa.

2/3/2026 Great American Holdings, LLC acquired Risk Solutions International LLC. The terms of the transaction were not disclosed. Risk offers consulting, advisory and technology solutions and is based in Scottsdale.

2/4/2026 Waverock Software, Inc. acquired WorthPoint Corporation. The terms of the transaction were not disclosed. Waverock designs and develops enterprise software and is based in Scottsdale. Kilpatrick Townsend & Stockton LLP served as legal advisor to Waverock.

2/5/2026 True View Windows and Glass Block, Inc. acquired Sun Glass, L.L.C. The terms of the transaction were not disclosed. True operates as a home and commercial glass services company and is based in Phoenix.

2/5/2026 Chill Brothers, LLC acquired Tucker Hill Air, Plumbing, & Electrical. The terms of the transaction were not disclosed. Tucker Hill is a home services provider based in Tempe.

2/5/2026 Osaic, Inc. acquired Midtown Advisors, LLC. The terms of the transaction were not disclosed. Based in Scottsdale, Osaic is an independent provider of wealth management services, supporting financial advisors through a unified platform that delivers integrated investment solutions, technology, and operational resources.

2/10/2026 ResiXperts acquired Option One Plumbing Inc. The terms of the transaction were not disclosed. Based in Tucson, ResiXperts offers residential heating, cooling, plumbing, and electrical services.

2/12/2026 FlyHouse Technology, LLC acquired Jetsmith Aviation. The terms of the transaction were not disclosed. FlyHouse operates a private aircraft management company and is based in Scottsdale.

2/17/2026 Pine Environmental Services LLC acquired Terratech Environmental Equipment & Supplies. The terms of the transaction were not disclosed. Terratech distributes and retails equipment for environmental field investigations and is based in Tempe.

2/17/2026 Thermometer BAS Holdings LLC acquired an Arizona-based commercial HVAC business. The acquired company and terms of the transaction were not disclosed. In connection with the transaction, LO3 Capital provided a senior debt investment to support Thermometer’s recapitalization and acquisition activity.

2/18/2026 Tribe Prospecting LLC, dba TitanX, acquired TalkCycle LLC, dba FrontSpin. The terms of the transaction were not disclosed. FrontSpin develops sales communication software and is based in Phoenix.

2/18/2026 Times Media Group agreed to acquire Moser Community Media, LLC. The terms of the transaction were not disclosed. Times operates as a digital and print media company in Phoenix and Tucson metro markets and is based in Tempe.

2/19/2026 NCS Engineers, LLC acquired LightPoint Engineering, LLC and SpearPoint Engineering, LLC. The terms of the transactions were not disclosed. NCS operates as a water and wastewater engineering consulting firm and is based in Phoenix.

2/20/2026 Silicon Oasis Initiative and InvisionAZ announced the completion of a strategic merger, with the combined organization operating under the Silicon Oasis Initiative brand. The terms of the transaction were not disclosed. The Silicon Oasis Initiative is a Phoenix-based nonprofit organization dedicated to uniting Arizona’s startup ecosystem through media, events, and strategic infrastructure. Based in Phoenix, InvisionAZ has been active in statewide policy, economic development, and large-scale ecosystem initiatives.

2/20/2026 InMotion Global, Inc. acquired LoadPilot TMS. The terms of the transaction were not disclosed. LoadPilot, operated by Dynamic Application Services, Inc., provides web-based freight brokering software to the transportation industry and is based in Phoenix.

2/24/2026 Collabtech Group, LLC acquired Mediacentric Integration Inc. The terms of the transaction were not disclosed. Collabtech provides services for the implementation, integration, training, and support of meeting room collaboration technology solutions and is based in Mesa.

2/25/2026 Nexus IT Consultants LLC acquired Damon Technology Solutions. The terms of the transaction were not disclosed. Damon provides managed IT services to healthcare, financial services, and regulated industries and is based in Mesa.

2/26/2026 Phantom Space Corporation acquired key assets and intellectual property of Vector Launch Inc. The transaction follows Vector's recent restructuring and the terms were not disclosed. Based in Tucson, Phantom is developing launch vehicles and orbital infrastructure to expand access to space.

2/26/2026 Rocket Lab Corporation (NasdaqCM:RKLB) acquired Optical Support, Inc. The terms of the transaction were not disclosed. Optical designs and manufactures custom high-precision optical and electro-optical mechanical instruments and is based in Tucson.

2/26/2026 Elevate Services, Inc. acquired Mestel & Company Inc. The terms of the transaction were not disclosed. Based in Phoenix, Elevate provides software, consulting, and services to law departments and law firms.

M&A - Financial

2/17/2026 Leonard Green & Partners, L.P. (LGP) entered into a definitive merger agreement to acquire remaining 33% stake in Mister Car Wash, Inc. (NasdaqGS:MCW) for $797.9 million. Subject to approvals and upon completion of the transaction, MCW’s common stock will no longer be listed on Nasdaq, and MCW will become a privately held company owned by investment funds managed by LGP. MCW, together with its subsidiaries, provides conveyorized car wash services with approximately 550 locations in the U.S. and is based in Tucson. Morris, Nichols, Arsht & Tunnell LLP; Latham & Watkins LLP; and Kaskela Law LLC are serving as legal advisors to MCW.

Private Placements

2/9/2026 Nulli Secundus Health Inc., dba Birches Health, announced that it will receive funding in an incubation round that includes participation from new investor One Mind Accelerator. Birches provides virtual counseling services and is based in Phoenix.

2/12/2026 Farsight Vision announced that it has received $8.5 million in its seed round of funding that included participation from Axon Enterprise, Inc. (NasdaqGS:AXON) and SmartCap. Axon provides public safety technology solutions and is based in Scottsdale.

2/16/2026 The Fourth Law announced that it has received a round of funding that included participation from Axon Enterprise, Inc. (NasdaqGS:AXON), a public safety technology solutions provider based in Scottsdale.

2/17/2026 Sphinx Labs, Inc. announced that it has raised $7.1 million in a round of funding led by new investor Cherry Ventures Management GmbH with participation from Deel, Inc., Y Combinator Management, LLC, Singularity Capital, and Rebel Fund Management, LLC. Singularity is a private equity and venture capital firm based in Tucson.

2/17/2026 Mattur Holdings, LLC announced a follow-on investment from Outlier. Mattur designs and manufactures modular power systems and is based in Scottsdale. Outlier is a private equity firm based in Phoenix.