12 M&A advisors active in Phoenix deals in 2026. Covers technology, healthcare, industrials, and business services with firm profiles and recent transactions.
Phoenix M&A deal volume rose 23% in 2025. Semiconductor, data center, and tech-enabled services drove the most activity.
Arizona deals reached 178 transactions in 2025 vs 145 in 2024. Strategic buyers are paying up for businesses with recurring revenue.
IBG Fox & Fin has been ranked #1 in Arizona for 23 consecutive years. William & Wall covers sell-side advisory across Phoenix, Scottsdale, and Tucson.
Set up a virtual data room before your first advisor meeting. Phoenix buyers check financials and customer contracts early.
| Firm | Deal Type | Deal Size | Sector Focus | Website | |
|---|---|---|---|---|---|
| IBG Fox & Fin | IBG Fox & Fin | Both | $5M - $125M | Multi-sector, Technology, Healthcare, Industrials | foxfin.com |
| William & Wall | William & Wall | Sell-side | $10M - $500M | Technology, Healthcare, Industrials, Business Services | williamandwall.com |
| martinwolf | martinwolf | Both | $5M - $100M | IT Services, SaaS, IT Supply Chain | martinwolf.com |
| Houlihan Lokey | Houlihan Lokey | Both | $100M - $5B | Technology, Healthcare, Industrials, Multi-sector | hl.com |
| BMO Capital Markets | BMO Capital Markets | Both | $50M - $2B | Technology, Healthcare, Real Estate, Multi-sector | bmocapitalmarkets.com |
| Raymond James | Raymond James | Both | $25M - $1B | Technology, Healthcare, Defense, Business Services | raymondjames.com |
| Ardent Advisory Group | Ardent Advisory Group | Both | $10M - $250M | Technology, Healthcare, Business Services | ardentadvisorygroup.com |
| Capstone Partners | Capstone Partners | Both | $10M - $500M | Technology, Healthcare, Industrials, Business Services | capstonepartners.com |
| Transact Capital Partners | Transact Capital Partners | Sell-side | $5M - $100M | Business Services, Healthcare, Technology | transactcapital.com |
| Class VI Partners | Class VI Partners | Sell-side | $5M - $100M | Technology, Business Services, SaaS | classvipartners.com |
| Columbia West Capital | Columbia West Capital | Both | $5M - $150M | Business Services, Healthcare, Technology | columbiawc.com |
| Investmentbank.com | Investmentbank.com | Both | $5M - $500M | Technology, Healthcare, Business Services, Multi-sector | investmentbank.com |
How to verify an advisor's track record
Ask for a closed deal list in your sector. Technology and healthcare advisors reach very different buyer pools.
Advisors who know Arizona M&A name specific deals and buyer types. Vague sector claims are a red flag here.
Check if they've closed both PE-backed and founder-owned exits. Phoenix draws both types across sectors.
Use Ellty to share financials with shortlisted advisors under NDA. You'll see who opens files before your first call. Browse the Phoenix M&A advisors list to compare firms. Read the M&A deal types guide before starting your search.
Running a Phoenix M&A deal?
Share financials with buyers under NDA. Track who opens them.
Start free 14-day trialHow a Phoenix deal runs
Phoenix M&A deals typically run five to eight months. Tech and healthcare deals can add time for IP reviews.
| Stage | What happens | What you need ready | |
|---|---|---|---|
| Stage 1: Preparation | Stage 1: Preparation | Run QoE, build CIM, shortlist advisors by sector | Three years P&L, customer contracts, IP records |
| Stage 2: Advisor engagement | Stage 2: Advisor engagement | Sign engagement letter, align on buyer list | Cap table, customer concentration data, leases |
| Stage 3: Marketing | Stage 3: Marketing | CIM sent to buyers, NDAs signed, meetings set | Ellty data room live with CIM and financials |
| Stage 4: LOI | Stage 4: LOI | Buyers submit bids, LOIs negotiated, exclusivity signed | Clean revenue data, no open IP or contract disputes |
| Stage 5: Due diligence | Stage 5: Due diligence | Buyer reviews legal, financial, and operational records | Full Ellty data room: contracts, IP, financial docs |
| Stage 6: Close | Stage 6: Close | Purchase agreement signed, funds transfer | Reps and warranties signed, transition plans ready |
12 Phoenix M&A advisors
These 12 firms advise on M&A deals in Phoenix. Coverage spans technology, healthcare, industrials, and business services.
1. IBG Fox & Fin
Arizona's top-ranked M&A advisory firm, #1 in the state for 23 consecutive years.
Recent Deals: Ranked #1 in Arizona by Ranking Arizona for 23 straight years. 86% deal-closing rate vs the M&A industry average. Over 500 transactions closed in the western US for businesses with $5M-$125M in annual sales.
LinkedIn: IBG Fox & Fin LinkedIn
Sector Focus: Multi-sector, technology, healthcare, industrials, business services
Deal Type: Both
Deal Size: $5M - $125M
Location: Scottsdale, AZ
Website: foxfin.com
2. William & Wall
A Scottsdale boutique with $10B in deal expertise focused on Southwest sell-side mandates.
Recent Deals: Added David Barnett as Vice Chairman in December 2025 to expand deal capacity. Published 2025 Arizona M&A Year in Review covering tech, healthcare, and services trends. Active in Phoenix, Scottsdale, and Tucson sell-side advisory through 2025-2026.
LinkedIn: William & Wall LinkedIn
Sector Focus: Technology, healthcare, industrials, business services, distribution
Deal Type: Sell-side
Deal Size: $10M - $500M
Location: Scottsdale, AZ
Website: williamandwall.com
3. martinwolf
A Scottsdale-based M&A boutique exclusively focused on lower middle market IT deals.
Recent Deals: Advised Keystone Business Services on its acquisition by Armanino in November 2025. Advised Fiducius on its acquisition by Savi in February 2026. Advised Step Up Consulting on its acquisition by Armanino in February 2026.
LinkedIn: martinwolf LinkedIn
Sector Focus: IT services, SaaS, IT supply chain, IT-enabled BPO
Deal Type: Both
Deal Size: $5M - $100M
Location: Scottsdale, AZ
Website: martinwolf.com
4. Houlihan Lokey
The #1 ranked global M&A advisor by deal count in 2025 with a strong Arizona presence.
Recent Deals: Ranked #1 globally for all M&A by LSEG in 2025 with 318 deals closed. Generated $717M quarterly revenue in Q3 fiscal 2026, up 18% year over year. Active in technology, healthcare, and industrials M&A nationally through 2025-2026.
LinkedIn: Houlihan Lokey LinkedIn
Sector Focus: Technology, healthcare, industrials, multi-sector
Deal Type: Both
Deal Size: $100M - $5B
Location: National (serves Phoenix market)
Website: hl.com
5. BMO Capital Markets
A national investment bank with active coverage across technology and healthcare in Arizona.
Recent Deals: Active in technology, healthcare, and real estate M&A nationally through 2025-2026. Participated in Arizona semiconductor and data center-adjacent M&A activity in 2025. Covers mid-market and large-cap transactions with broad sector reach.
LinkedIn: BMO Capital Markets LinkedIn
Sector Focus: Technology, healthcare, real estate, industrials, multi-sector
Deal Type: Both
Deal Size: $50M - $2B
Location: National (serves Phoenix market)
Website: bmocapitalmarkets.com
Selling a Phoenix business?
Set up your data room before your advisor call. Track who opens it.
Start free 14-day trial6. Raymond James
A national investment bank with defense, government services, and healthcare M&A expertise.
Recent Deals: Defense & Government Investment Banking team serves middle-market companies. Active in technology, healthcare, and defense M&A nationally through 2025-2026. Covered Arizona semiconductor and aerospace deals as the TSMC Fab 21 wave built in 2025.
LinkedIn: Raymond James LinkedIn
Sector Focus: Technology, healthcare, defense, government services, business services
Deal Type: Both
Deal Size: $25M - $1B
Location: National (serves Phoenix market)
Website: raymondjames.com
7. Ardent Advisory Group
A Scottsdale-founded independent investment bank with $3B+ in aggregate deal value since 2021.
Recent Deals: Founded in 2021 with $3B+ in aggregate advisory transactions completed. Active in technology, healthcare, and business services M&A in Arizona through 2025-2026. Covers sponsor-backed and founder-owned middle-market transactions in the Southwest.
LinkedIn: Ardent Advisory Group LinkedIn
Sector Focus: Technology, healthcare, business services, distribution
Deal Type: Both
Deal Size: $10M - $250M
Location: Scottsdale, AZ
Website: ardentadvisorygroup.com
8. Capstone Partners
A national mid-market bank active in technology, healthcare, and business services deals.
Recent Deals: Published 2026 annual M&A sector reports covering technology and business services. Active in technology and business services M&A nationally through 2025-2026. Covers mid-market transactions across Phoenix and the Southwest.
LinkedIn: Capstone Partners LinkedIn
Sector Focus: Technology, healthcare, industrials, business services
Deal Type: Both
Deal Size: $10M - $500M
Location: National (serves Phoenix market)
Website: capstonepartners.com
9. Transact Capital Partners
A Phoenix-based boutique focused on sell-side mandates for founder-owned businesses.
Recent Deals: Active in business services, healthcare, and technology M&A in Phoenix through 2025-2026. Works with founder-owned and PE-backed businesses in the $5M-$100M range. Provides dedicated sell-side advisory for Arizona and Southwest founders.
LinkedIn: Transact Capital Partners LinkedIn
Sector Focus: Business services, healthcare, technology, professional services
Deal Type: Sell-side
Deal Size: $5M - $100M
Location: Phoenix, AZ
Website: transactcapital.com
10. Class VI Partners
A Scottsdale boutique specializing in tech-enabled services and SaaS company M&A.
Recent Deals: Active in technology and SaaS M&A advisory in Arizona through 2025-2026. Covers founder-owned software and tech-enabled services businesses in the Southwest. Works with companies in the $5M-$100M revenue range on sell-side mandates.
LinkedIn: Class VI Partners LinkedIn
Sector Focus: Technology, SaaS, tech-enabled services, business services
Deal Type: Sell-side
Deal Size: $5M - $100M
Location: Scottsdale, AZ
Website: classvipartners.com
11. Columbia West Capital
A Scottsdale boutique founded in 2003 covering business services and healthcare M&A.
Recent Deals: Active in business services, healthcare, and technology M&A in Arizona since 2003. Works with founder-owned and PE-backed businesses in the lower middle market. Covers sell-side and buy-side advisory for Southwest businesses with $5M-$150M in value.
LinkedIn: Columbia West Capital LinkedIn
Sector Focus: Business services, healthcare, technology, distribution
Deal Type: Both
Deal Size: $5M - $150M
Location: Scottsdale, AZ
Website: columbiawc.com
12. Investmentbank.com
A multi-office firm with a dedicated Phoenix advisory team covering multi-sector M&A.
Recent Deals: Active in technology, healthcare, and business services M&A in Phoenix through 2025-2026. Works with businesses from $5M to $500M across multiple sectors and deal types. Serves Phoenix and the broader Arizona market with dedicated local deal coverage.
LinkedIn: Investmentbank.com LinkedIn
Sector Focus: Technology, healthcare, business services, multi-sector
Deal Type: Both
Deal Size: $5M - $500M
Location: Phoenix, AZ
Website: investmentbank.com
What drives Phoenix M&A valuations in 2026
Phoenix M&A valuations are shaped by sector and buyer type. Tech-enabled services and healthcare businesses draw the highest multiples.
Strategic buyers paid 14.7x EV/EBITDA in H1 2025 vs PE buyers at 9.6x. Category leaders in software and services attract premium bids.
The TSMC Fab 21 wave is ramping through 2026-2028. Semiconductor-adjacent services and suppliers are drawing national buyers.
Use Ellty to share your financials with PE and strategic buyers under NDA. Set granular link permissions so each buyer sees only what their NDA covers. Read the due diligence process guide before organizing your records. Review the mergers and acquisitions overview for how buyers approach Arizona deals.
Arizona's fastest-moving M&A sectors in 2026
Technology and AI-enabled businesses led Phoenix M&A in 2025. Workday's $1B acquisition of Scottsdale-based Paradox shows the premium buyers pay.
Healthcare consolidation is accelerating across the Phoenix metro. HonorHealth's expansion through Evernorth's clinic network closed in January 2026.
Data center, logistics, and real estate assets attracted large strategic buyers. Starwood's $2.2B deal for Fundamental Income Properties confirms buyer appetite.
Set up Ellty before your advisor calls start. Share your deal files through trackable links with buyers under NDA. Read the due diligence for acquisition guide to see what buyers check. Review the due diligence mistakes guide to avoid common seller errors.
How PE buyers evaluate a Phoenix business
PE sponsors focus on recurring revenue and customer retention first. Clean ARR and low churn add multiple points to your valuation.
Tech-enabled services and healthcare businesses attract the most sponsor interest. Businesses with IP or category leadership in their niche command a premium.
Arizona's growth trajectory makes exits more attractive to buyers. The state's 23% deal volume jump in 2025 signals sustained buyer interest.
Use Ellty to organize your data room before PE outreach starts. Share your financials through secure links so you track buyer engagement. Read the merger vs acquisition guide to understand deal structure options. Review the due diligence for small business guide if your business is under $50M.
How Ellty helps you close an M&A deal in Phoenix
You've picked your Phoenix advisor. Set up your data room next. Get buyers reviewing files fast.
- 1.Upload financials, contracts, and IP recordsOrganize files by type. Phoenix buyers check contracts and IP first.
- 2.Set access by buyer type and NDA statusPE buyers and strategic acquirers need different document sets.
- 3.Track who reviews your key filesSee which buyers open your financials and how long they spend.
Common questions about Phoenix M&A advisors
- Technology, healthcare, and data center-adjacent services lead. Semiconductor supply chain businesses draw strong buyer interest.
- Local advisors know the Arizona buyer pool and recent deals. National boutiques reach more PE sponsors and strategic acquirers.
- Most deals run five to eight months. Technology and healthcare deals can take longer due to IP and contract reviews.
- Customer contracts, revenue quality, and IP ownership come first. Recurring revenue quality is especially important to 2026 buyers.
- Before your first advisor call. Buyers expect financials and contracts organized from day one of diligence.
- martinwolf focuses on IT services and SaaS. Class VI Partners and William & Wall also cover tech-enabled services.
