Industrial Services Add-on Acquisitions in 2020

  • Buyer
    Motion & Control Enterprises, Frontenac
    Target
    Diversified Air Systems
    Type
    Addon

    Motion & Control Enterprises (MCE), a Frontenac-backed motion and control distributor, has acquired Diversified Air Systems (DAS), a Cleveland-based stocking distributor of air compressors, vacuum and water recovery systems, and related services. DAS — which employs 42 people across four locations in Ohio and western Pennsylvania — will operate as a division of MCE under the Diversified Air Systems name, expanding MCE's fluid power and aftermarket service capabilities.

  • Buyer
    Leadec
    Target
    Diversified Automation
    Type
    Addon

    Leadec, a Triton Fund IV portfolio company, acquired Diversified Automation effective December 31, 2020 to expand its parcel automation capabilities and strengthen its North American operations. Diversified Automation, headquartered in Louisville, Kentucky, is an industrial automation systems integrator with ~140 experts and roughly $100 million in annual revenue that serves major parcel and e-commerce customers such as UPS, FedEx and Amazon.

  • Buyer
    Fluid Power Holdings, Inc., JMH Capital Partners, LLC
    Target
    Wilco Supply, LLC
    Type
    Addon

    Fluid Power Holdings, Inc. (FPH), a portfolio company of JMH Capital Partners, has acquired Wilco Supply, LLC, a Houston-based independent distributor of hydraulic and industrial hoses, fittings, and fabrication services. The acquisition expands FPH’s geographic presence in the Houston market and broadens its product, service and technical capabilities to better serve industrial customers.

  • Buyer
    InfraServ US, LLC, Gateway Dealer Network, Brightstar Capital Partners
    Target
    Bobcat Southwest
    Seller
    Rich Fuller (Founder of Bobcat Southwest), Existing ownership/management of Bobcat Southwest
    Type
    Addon

    InfraServ US, LLC — through its subsidiary Gateway Dealer Network — acquired the Bobcat Southwest dealership group, expanding the combined dealership footprint to 25 locations across 10 states. The acquisition, backed by sponsor Brightstar Capital Partners, adds six Southern California and Nevada locations and expands Gateway's sales, parts, service and rental capabilities; terms were not disclosed.

  • Buyer
    Specialty Welding and Turnarounds, ORIX Capital Partners, Hastings Equity Partners
    Target
    Hydroprocessing Associates
    Type
    Addon

    Specialty Welding and Turnarounds (SWAT), a PE-backed provider of turnaround and specialty welding services, has acquired Hydroprocessing Associates (HPA), a Moss Point, Mississippi-based specialist in catalyst handling and reactor maintenance, including HPA's Breathing Systems Inc. subsidiary. The deal is SWAT's first add-on since its January 2020 investment by ORIX Capital Partners and Hastings Equity Partners and expands SWAT's service offering into catalyst handling and NIOSH-approved life-support system manufacturing and maintenance.

  • Buyer
    GrayMatter
    Target
    E-Merge Systems
    Type
    Addon

    GrayMatter has acquired Richmond, Virginia-based E-Merge Systems to expand its Industrial Intelligence and systems-integration capabilities, including instrumentation, control, industrial networking and analytics, and to strengthen its mid-Atlantic presence. E-Merge co-founders will take on leadership roles at GrayMatter as the firm integrates E-Merge's engineering team and client portfolio across manufacturing, water/wastewater, food & beverage and energy markets.

  • Buyer
    Saw Mill Capital
    Target
    RND Automation
    Type
    Addon

    Saw Mill Capital, through its affiliated funds, has acquired RND Automation, a Lakewood Ranch, Florida-based integrator of robotics, vision systems and automation solutions for packaging and assembly. The deal expands Saw Mill's automation portfolio and formalizes a partnership with portfolio company iAutomation to cross-sell capabilities and accelerate growth; terms were not disclosed.

  • Buyer
    Triton
    Target
    AVS Group GmbH, Chevron TM, Fero Group, Ramudden
    Location
    North Rhine-Westphalia, Germany
    Type
    Addon

    Triton has merged four of its portfolio companies—AVS Group, Chevron TM, Fero Group and Ramudden—into a single group to create an international leader in traffic and critical infrastructure safety services. The consolidation combines local market leaders across Germany, the UK, Belgium and the Nordics to drive international growth, operational synergies and further consolidation in the sector; combined sales are stated at more than EUR 450m.

  • Buyer
    John Henry Foster Minnesota (JHFoster), High Road Capital Partners
    Target
    Motion Tech Automation (distribution segment / Motion Tech Distribution - MTD)
    Seller
    Motion Tech Automation
    Type
    Addon

    John Henry Foster Minnesota (a portfolio company of High Road Capital Partners) has acquired the distribution segment of Motion Tech Automation (Motion Tech Distribution, MTD). The add-on deal, JHFoster's first under High Road's ownership, closed on December 14, 2020 and will consolidate MTD into JHFoster's Eagan, Minnesota operations to broaden product offerings in motion control, automation and compressed air solutions.

  • Buyer
    Pritchard Industries, A&M Capital Partners II
    Target
    Global Industrial Services, Inc.
    Type
    Addon

    Pritchard Industries, a portfolio company of A&M Capital Partners II, has acquired a majority interest in Global Industrial Services, Inc., a regional provider of janitorial, snow removal and landscaping services headquartered in Syosset, New York. The transaction broadens Pritchard’s exterior services capability and expands its geographic footprint (including entry into Pennsylvania), strengthening the platform’s presence in the Northeast, Midwest and Mid-Atlantic.

  • Buyer
    Marmic Fire & Safety Co., Thompson Street Capital Partners
    Target
    Total Fire & Safety, LLC
    Seller
    Glenn Schultz (founder/owner of Total Fire & Safety)
    Type
    Addon

    Thompson Street Capital Partners portfolio company Marmic Fire & Safety Co. has acquired Chicago-based Total Fire & Safety, LLC, a provider of fire and life safety systems, equipment and related services. The add-on expands Marmic's self-performing fire protection footprint into the Chicago metropolitan area; terms were not disclosed.

  • Buyer
    Fire Safety & Protection, LLC, Sunny River Management, LLC
    Target
    All-Star Fire, LLC
    Type
    Addon

    Fire Safety & Protection, a portfolio company of Sunny River Management, has acquired All-Star Fire, LLC, a tenured fire and life safety services provider in the greater Atlanta market. The deal is an add-on to FSP's platform as it expands its Southeastern U.S. footprint and capabilities while All-Star's president, Kevin Biando, will remain to manage local operations.

  • Buyer
    Supply Chain Services, Sole Source Capital LLC
    Target
    Coridian Technologies, Inc.
    Type
    Addon

    Sole Source Capital-backed portfolio company Supply Chain Services has acquired Coridian Technologies, a provider of labeling, barcoding, data collection, and RFID solutions headquartered near Chanhassen, Minnesota. The transaction is the third add-on for Supply Chain Services and expands the platform's AIDC product and services capabilities across healthcare, manufacturing, and warehouse/distribution end markets.

  • Buyer
    Belt Power LLC, Shorehill Capital LLC
    Target
    Rubber Service Corp.
    Seller
    Rubber Service Corp., Lou Siemer
    Type
    Addon

    Belt Power LLC, a Marietta, Georgia-based distributor and fabricator of conveyor system components and a portfolio company of Shorehill Capital, completed the asset acquisition of Rubber Service Corp. on December 1, 2020. The acquisition expands Belt Power's footprint into the Denver metropolitan area and Mountain West markets; Rubber Service owner Lou Siemer will continue to lead the new Belt Power branch.

  • Buyer
    Waterlogic
    Target
    Hidrospot
    Location
    Bogotá, Colombia
    Type
    Addon

    Waterlogic has acquired Hidrospot, a Bogotá-based point-of-use (POU) water dispenser provider with ~5,000 installed dispensers and about 40 employees. The deal expands Waterlogic's footprint in Latin America as part of its buy-and-build strategy while the company remains PE-backed by Castik Capital.

  • Buyer
    AddSecure
    Target
    International Security Group GmbH
    Location
    Lower Saxony, Germany
    Type
    Addon

    AddSecure, a Castik Capital-backed European IoT and secure communications provider, has agreed to acquire International Security Group GmbH (ISG), a German specialist in mobile video Surveillance-as-a-Service marketed as Video Guard. The deal expands AddSecure’s capabilities into video surveillance and supports its growth strategy across construction, logistics and infrastructure markets in Europe.

  • Buyer
    Able Machinery Movers, Satori Capital
    Target
    Diamond E Rigging
    Seller
    Gene Evans, John Evans
    Type
    Addon

    Able Machinery Movers, a Grapevine, Texas-based rigging and heavy equipment-moving company (part of the Satori Capital portfolio), has acquired Diamond E Rigging, a family-owned rigging and equipment relocation business headquartered in Buda, Texas. The deal expands Able's service footprint and capabilities in the Austin–San Antonio region by adding Diamond E's skilled riggers, sales professionals, customers and specialized equipment.

  • Buyer
    SemiTorr Group, Transom Capital Group
    Target
    M-I-C Inc.
    Type
    Addon

    SemiTorr Group, a Transom Capital Group–backed distributor of sanitary and industrial instrumentation, has acquired California-based distributor and manufacturers' representative firm M-I-C Inc. The add-on expands SemiTorr's presence in Northern California and diversifies its product and customer base across biotech, pharmaceutical and industrial end markets; terms were not disclosed.

  • Buyer
    Adaptec Solutions, Wincove Private Holdings, LP
    Target
    Integrated Solutions, LLC
    Type
    Addon

    Adaptec Solutions, a portfolio company of Wincove Private Holdings, has acquired Integrated Solutions, LLC, a Memphis-based provider of custom engineered-to-order material handling equipment and complex conveyor systems. The add-on expands Adaptec's conveyor capabilities, adds an attractively located facility in Memphis, and broadens regional service coverage.

  • Buyer
    Integrated Facility Solutions, Warren Equity Partners
    Target
    Concept Controls Inc.
    Seller
    Mike Stephens
    Location
    Alberta, Canada
    Type
    Addon

    Integrated Facility Solutions (IFS), a platform of Warren Equity Partners, has acquired Concept Controls Inc., a Calgary-based distributor, servicer and rental provider of industrial safety and environmental monitoring equipment. The deal is the first add-on for the IFS buy-and-build platform; Concept Controls’ President Mike Stephens will retain a significant equity stake and remain as President.

  • Buyer
    Oracle Elevator, L Squared Capital Partners
    Target
    Premier Elevator
    Type
    Addon

    Oracle Elevator, an L Squared Capital Partners portfolio company, has acquired Atlanta-based Premier Elevator to expand its geographic footprint and technical capabilities across the Southeast. The deal adds Premier’s presence in Georgia, Florida, North Carolina, South Carolina, and Tennessee and relocates Oracle’s Technical Training Center (OTEC) to Atlanta to leverage Premier’s resources; several Premier leaders joined Oracle’s senior management and remain material owners.

  • Buyer
    FloWorks International, Sunbelt Supply, Clearlake Capital Group, L.P.
    Target
    Oliver Equipment Company
    Type
    Addon

    FloWorks International, an affiliate of Sunbelt Supply backed by Clearlake Capital Group, acquired Oliver Equipment Company (OEC), a Houston-based provider of specialty rotating equipment, onsite services and custom packaged systems. The add-on expands Sunbelt/FloWorks' flow solutions platform into rotating equipment and packaged systems; OEC's leadership will remain and terms were not disclosed.

  • Buyer
    Nwestco, LLC
    Target
    W. Banks Moore, Inc., Moore Services, Inc.
    Seller
    John Moore, Pat Moore, Moore family
    Type
    Addon

    Denver-based Nwestco, LLC, a PE-backed distributor and service provider to fuel stations and car washes, has acquired W. Banks Moore, Inc. and Moore Services, Inc., family-owned businesses headquartered in Fresno, California. The deal expands Nwestco’s geographic footprint and service capabilities in central California and is an add-on consolidation to the company’s platform following WestView Capital Partners’ investment in Nwestco in 2017.

  • Buyer
    The JF Petroleum Group, MidOcean Partners
    Target
    McCon Building & Petroleum Services, Inc.
    Seller
    Chris Lawson
    Type
    Addon

    The JF Petroleum Group, a MidOcean Partners portfolio company, has acquired McCon Building & Petroleum Services, Inc., a Flower Mound, Texas-based provider of petroleum equipment distribution, maintenance and construction services. The add-on strengthens JF Petroleum Group's service and construction capabilities and expands its footprint in Texas and the Southwestern U.S.

  • Buyer
    Norva24, Valedo Partners
    Target
    Kanal-Türpe
    Location
    Baden-Württemberg, Germany
    Type
    Addon

    Norva24 has acquired Kanal-Türpe, a Southern Germany provider of underground infrastructure maintenance (UIM) services with approximately EUR 20 million in revenues and a fleet of about 100 vehicles. The add-on strengthens Norva24’s position in the fragmented German UIM market and brings the group closer to its goal of becoming the clear market leader in Northern Europe; terms were not disclosed.

  • Buyer
    Harvest Partners, LP, The Miner Corporation
    Target
    Warehouse Technology, Inc.
    Type
    Addon

    Harvest Partners, LP and The Miner Corporation have acquired Warehouse Technology, Inc., a New Castle, Delaware-based distributor and servicer of loading dock systems, commercial overhead doors, and material handling equipment. The acquisition—announced by advisor Woodbridge International—adds Warehouse Technology's distribution and service capabilities to The Miner Corporation/OnPoint Group platform and expands Harvest Partners' portfolio in material handling and facility services.

  • Buyer
    CertaSite, The Riverside Company
    Target
    Starfire Systems, Starfire Extinguisher Company
    Seller
    Sue Malek, Darrel Malek
    Type
    Addon

    CertaSite, a Riverside-backed commercial fire protection and life safety platform, has acquired family-owned Starfire Systems and Starfire Extinguisher Company in Franklin, Wisconsin. The add-on expands CertaSite's geographic reach into the Milwaukee market and brings 21 Starfire employees into the CertaSite organization while retaining owner support during transition.

  • Buyer
    Mid-State Industrial Maintenance, CenterGate Capital
    Target
    AZZ SMS LLC
    Seller
    AZZ Inc.
    Type
    Addon

    CenterGate Capital-backed Mid-State Industrial Maintenance has acquired AZZ SMS LLC from AZZ Inc. AZZ SMS, headquartered in St. Petersburg, Florida, is a specialty provider of turnkey boiler repair, maintenance and overhaul services; the acquisition expands Mid-State's service capabilities in the power generation and pulp & paper markets.

  • Buyer
    Shrieve Chemical Company
    Target
    CLP Chemicals
    Seller
    CLP Chemicals
    Type
    Addon

    Shrieve Chemical Company has acquired the styrene business unit and certain other assets from Houston-based CLP Chemicals. CLP will retain and continue to operate its glycerin business unit; the deal expands Shrieve's product portfolio and geographic footprint as part of its growth strategy (Shrieve is PE-backed).

  • Buyer
    Supply Chain Services, Sole Source Capital LLC
    Target
    Miles Data Technologies
    Type
    Addon

    Sole Source Capital-backed Supply Chain Services has acquired Miles Data Technologies, a Waukesha, Wisconsin-based provider of barcode, RFID and mobility solutions. The deal positions Supply Chain Services to expand its AIDC and factory automation portfolio across North America; Miles Data CEO Robert Ladd will remain in an executive role following the transaction.

  • Buyer
    MacQueen Emergency, Rotunda Capital Partners
    Target
    Emergency Response Solutions (ERS)
    Type
    Addon

    MacQueen Emergency, a fire apparatus dealer within the MacQueen Group (a portfolio company of Rotunda Capital Partners), has acquired Emergency Response Solutions (ERS), a Minnesota-based fire equipment supplier headquartered in East Bethel. The transaction expands MacQueen's product and service offerings in Minnesota—adding premier brands and ERS personnel to its local footprint—and strengthens its ability to provide turnkey firefighting solutions to Minnesota fire departments.

  • Buyer
    Rapid Fire Protection Group, Inc., Boyne Capital Partners, LLC
    Target
    Brick Wall Fire Sprinkler, LLC
    Type
    Addon

    Rapid Fire Protection Group (RFPG), a Boyne Capital portfolio company, has acquired Brick Wall Fire Sprinkler, a Colorado Springs–based provider of fire suppression system design, installation, and ongoing service. The acquisition expands RFPG's presence in the Colorado market; Brick Wall's founder Roger Wallace will continue to lead operations as part of the RFPG platform.

  • Buyer
    Westcoast Gate & Entry Systems, Kian Capital
    Target
    Automated Gate Services, Inc.
    Seller
    Selling shareholders, Steve Johnson, Carrie Johnson
    Type
    Addon

    Kian Capital’s platform Westcoast Gate & Entry Systems has acquired Automated Gate Services, Inc., a 40+-year perimeter security and automatic gate installation/servicing business headquartered in Corona, California. The founders, Steve and Carrie Johnson, will remain involved; financial terms were not disclosed. Plethora Businesses served as exclusive sell-side advisor to the selling shareholders.

  • Buyer
    National Fire & Safety, Highview Capital
    Target
    Element Fire Protection LLC
    Seller
    Clint Slone (owner-operator)
    Type
    Addon

    National Fire & Safety, a Highview Capital-backed fire protection platform, has acquired Element Fire Protection LLC, an inspection and service provider based in the greater Phoenix area. Element will be integrated into RCI Systems, a National Fire & Safety subsidiary, expanding the platform's scale and capabilities in Phoenix to support greater service coverage and customer compliance.

  • Buyer
    The Riverside Company, CertaSite (Riverside platform)
    Target
    Advanced Fire Company, Approved Fire Protection, Advanced Fire & Security
    Type
    Addon

    The Riverside Company has invested in Advanced Fire Company, Approved Fire Protection and Advanced Fire & Security to form Advanced Fire, an add-on to Riverside’s CertaSite fire and life safety platform. Riverside said the investment expands CertaSite’s footprint into western Pennsylvania and it will invest in sales, marketing, technology and training to grow the combined business.

  • Buyer
    Supply Chain Services, Sole Source Capital LLC
    Target
    Dasco Label
    Type
    Addon

    Sole Source Capital’s portfolio company Supply Chain Services has acquired Dasco Label, a Blaine, Minnesota–based provider of custom labels, imprinting, serialization and barcoding services. The add-on expands Supply Chain Services’ product and distribution capabilities across manufacturing, healthcare, laboratory, retail and warehouse/distribution end markets; financial terms were not disclosed.

  • Buyer
    3Phase Excel Elevator Corp., Fort Point Capital
    Target
    Low Rise Elevator, Inc.
    Type
    Addon

    3Phase Excel Elevator Corp., a Fort Point Capital-backed independent provider of elevator maintenance and modernization services, acquired Low Rise Elevator, a Philadelphia-area vertical-transportation services provider. The deal expands 3Phase’s Mid-Atlantic presence; Low Rise’s owner Mark Myers will become branch manager covering PA, DE, MD and VA.

  • Buyer
    Raak Metals Group, Gilde Equity Management
    Target
    Stolwerk Metaal
    Seller
    Stolwerk Metaal family / owner Ronald Stolwerk
    Location
    North Brabant, Netherlands
    Type
    Addon

    Raak Metals Group has acquired Stolwerk Metaal, a family-owned metal recycler in West Brabant, Netherlands, to strengthen Raak's market position in the southern Netherlands. The deal—executed after Gilde Equity Management joined Raak Metals as a shareholder earlier in 2020—adds processing capacity and expands the combined group's service offering across recycling, container services and demolition projects.

  • Buyer
    Resolute Industrial Holdings, LLC, AE Industrial Partners, LP
    Target
    DriExpress, LLC, Empire Holdings, LLC
    Seller
    DriExpress, LLC, Empire Holdings, LLC
    Location
    United States
    Type
    Addon

    Resolute Industrial Holdings, a portfolio company of AE Industrial Partners, has acquired the assets of DriExpress LLC and Empire Holdings LLC, two specialty HVAC&R equipment rental and logistical-support businesses serving the restoration and disaster-mitigation market. The deal (terms not disclosed) expands Resolute's rental fleet by more than 5,000 assets, broadens geographic coverage across the U.S., and integrates the sellers' teams into Resolute's Mobile Air & Power Rental operations.

  • Buyer
    BHI Energy, AE Industrial Partners, LP
    Target
    Coastal Electrical Construction
    Type
    Addon

    BHI Energy has acquired Coastal Electrical Construction, a Flomaton, Alabama–based provider of substation, transmission and distribution construction and maintenance services to major utilities in the Southeastern United States. The deal is the third add-on for BHI in the T&D space since its acquisition by AE Industrial Partners and is intended to expand BHI's geographic footprint and service capabilities in the Southeast; terms were not disclosed.

  • Buyer
    Lincoln Road Global Management, Peninsula Capital Partners, Republic Fire Protection, Inc.
    Target
    Fire Equipment Company of Florida, Inc.
    Type
    Addon

    Lincoln Road Global Management and Peninsula Capital Partners partnered (via an affiliate) with Fire Equipment Company of Florida, Inc., to add the Florida-based fire protection business to the Republic Fire Protection platform. The acquisition expands Republic's regional coverage and continues the platform's roll-up strategy to provide comprehensive fire safety services across the Southeast.

  • Buyer
    Orbis Protect, NorthEdge Capital
    Target
    Optosafe
    Location
    Scotland, United Kingdom
    Type
    Addon

    Orbis Protect has completed the strategic acquisition of Glasgow-based Optosafe, a rapid-deploy 360-degree CCTV tower provider. The deal, supported by Orbis's backer NorthEdge Capital and financed in part by Clydesdale Yorkshire Bank, strengthens Orbis's capabilities in mobile CCTV towers and monitoring as part of its growth strategy.

  • Buyer
    Waterlogic Americas
    Target
    Elite Water & Coffee
    Seller
    Greg Pollack
    Type
    Addon

    Waterlogic Americas has acquired Elite Water & Coffee, a Jackson, Mississippi-based dealer of bottleless water coolers, ice machines and coffee equipment owned by Greg Pollack since 2008. The deal expands Waterlogic Americas' commercial products dealer footprint into Mississippi and bolsters the company's national presence as part of its ongoing acquisition strategy.

  • Buyer
    Waterlogic
    Target
    Smart Water
    Seller
    Drew Chafey, Natalie Chafey
    Type
    Addon

    Waterlogic has acquired Smart Water, a Kendall Park, New Jersey-based provider of bottleless water coolers founded by Drew and Natalie Chafey in 2002. The deal expands Waterlogic Americas' direct presence in the Mid-Atlantic and brings Smart Water's service-oriented customer base into the Waterlogic platform.

  • Buyer
    Pritchard Industries, A&M Capital Partners II (AMCP)
    Target
    Predictable Business Strategies, LLC (PBS)
    Type
    Addon

    Pritchard Industries, a portfolio company of A&M Capital Partners II, has acquired a majority interest in Predictable Business Strategies, LLC (PBS), a Fort Worth-based regional janitorial and facilities services provider. The deal expands Pritchard’s presence and capabilities in Texas—particularly in the education and medical end markets—with PBS’s management remaining in place post-closing.

  • Buyer
    GME Supply Co, Platte River Equity
    Target
    Custom Tool Supply
    Type
    Addon

    GME Supply Co, a Platte River Equity portfolio company, through its Columbia Safety & Supply business, has acquired Custom Tool Supply, a Denver-based distributor of power and hand tools, testing equipment, ladders and safety products. The deal expands GME's North American distribution footprint and product capabilities in construction and telecommunications end markets as part of its add-on acquisition strategy.

  • Buyer
    LINC Systems, LLC, Center Rock Capital Partners, LP
    Target
    Active Sales Company
    Type
    Addon

    LINC Systems, the industrial fastener and packaging distribution platform backed by Center Rock Capital Partners, has acquired Active Sales Company, a Santa Fe Springs, California-based distributor of fasteners and packaging supplies. The add-on expands LINC's geographic footprint and product offering across pallet, furniture, cabinetry, bedding and general industrial end markets, bringing the combined platform to serve customers in 37 states.

  • Buyer
    Vessco Holdings LLC, O2 Investment Partners
    Target
    Kennedy Industries, Inc.
    Type
    Addon

    Vessco Holdings LLC has made a strategic investment in Kennedy Industries, Inc., a Wixom, Michigan-based distributor and servicer of water and wastewater equipment. The deal adds pump distribution and pump repair capabilities to Vessco's platform and is supported by O2 Investment Partners.

  • Buyer
    NorthStar Group Services, Inc., J.F. Lehman & Company
    Target
    Heneghan Wrecking & Excavating Co., Inc., Patrick's Equipment Leasing, Inc.
    Type
    Addon

    NorthStar Group Services, a portfolio company of J.F. Lehman & Company, has completed the acquisition of Heneghan Wrecking & Excavating Co., Inc. and Patrick's Equipment Leasing, Inc., expanding NorthStar's presence in the Chicago and broader Midwest market. The deal is the first add-on to NorthStar under JFLCO's sponsorship and is intended to broaden service capabilities and customer relationships across commercial and industrial end markets.

  • Buyer
    Therma Holdings, Gemspring Capital
    Target
    Gilbert LLC
    Type
    Addon

    Therma Holdings, a Gemspring Capital portfolio company, has acquired Gilbert LLC, a Minneapolis-area provider of mechanical, electrical, plumbing, controls and fire protection services. The deal is Therma's fourth add-on since partnering with Gemspring and is intended to expand Therma's capabilities and presence in the Twin Cities market, particularly for mission-critical facilities such as healthcare.

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