Industrial Services Add-on Acquisitions in 2023
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December 31, 2023
- Buyer
- Smart Care, Wind Point Partners
- Target
- Watson Refrigeration, Inc., A Advantage Air, Inc., Metroplex Refrigeration, Inc.
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
Smart Care, a Wind Point Partners-backed platform, completed three add-on acquisitions in Q4 2023: Watson Refrigeration (Raleigh, NC), A Advantage Air (Birmingham, AL) and Metroplex Refrigeration (Dallas–Fort Worth, TX). The deals expand Smart Care’s refrigeration, HVAC and foodservice equipment capabilities and increase regional coverage and operational density across the Southeast and Texas.
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December 31, 2023
- Buyer
- AFC Industries, Bertram Capital Management
- Target
- Chicago Industrial Fasteners, LLC
- Seller
- Chicago Industrial Fasteners, LLC, John Price, Cathy Price
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
AFC Industries, a portfolio company of Bertram Capital Management, has acquired Chicago Industrial Fasteners, a West Chicago, Illinois-based distributor of specialty and standard fasteners. Mazzone & Associates acted as exclusive financial advisor to Chicago Industrial Fasteners; the deal expands AFC's supply-chain capabilities and product offerings for OEMs across heavy truck, renewable energy, defense and automotive end markets.
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December 27, 2023
- Buyer
- LindFast Solutions Group, Nautic Partners
- Target
- Hi-Q Fasteners
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Addon
LindFast Solutions Group (a Nautic Partners portfolio company) has acquired Hi-Q Fasteners, a Santa Fe Springs, California-based provider of sems, thread-forming and machine screws, spacers, standoffs and self-clinching hardware. The deal, completed December 27, 2023, is an add-on to LindFast's platform intended to expand product capabilities and leverage LindFast's supply chain and distribution network across North America.
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December 27, 2023
- Buyer
- SCIO Automation GmbH, Quadriga Capital Eigenkapitalberatung GmbH
- Target
- Fabmatics GmbH
- Industry
- Industrial Services
- Location
- Saxony, Germany
- Type
- Addon
SCIO Automation GmbH completed the acquisition of Fabmatics GmbH (agreement announced Oct 30, 2023; deal closed Dec 27, 2023). Fabmatics, a Dresden-based specialist in material-flow and handling automation for semiconductor cleanrooms, will strengthen SCIO’s cleanroom/intralogistics capabilities and support the group’s global expansion. The transaction is an add-on to SCIO’s automation platform, which is PE-backed by Quadriga Capital.
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December 26, 2023
- Buyer
- Ironclad Environmental Solutions, Kinderhook Industries
- Target
- DenBeste Water Solutions
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Addon
Ironclad Environmental Solutions, a Kinderhook Industries portfolio company, acquired DenBeste Water Solutions, a provider of liquid containment and fluid management solutions based in Windsor, California. The add-on expands Ironclad's presence and capabilities in the Western United States; financial terms were not disclosed.
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December 22, 2023
- Buyer
- Cadre Holdings, Inc.
- Target
- ICOR Technology Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
Cadre Holdings, Inc. entered into a definitive agreement to acquire ICOR Technology Inc., a manufacturer and distributor of explosive ordnance disposal (EOD) robots and specialized protective security equipment for EOD and military organizations worldwide. The transaction was later reported as completed, with the purchase price funded through Cadre’s available cash.
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- Buyer
- JDI Cleaning Limited Partnership (JDI LP), TrussPoint Equity Partners
- Target
- United Janitorial Inc., Drake Clean Up Systems Inc.
- Seller
- Jordan Fraser, Trevor Bevan
- Industry
- Industrial Services
- Location
- Prince Edward Island, Canada
- Type
- Addon
JDI Cleaning Limited Partnership, a portfolio company of TrussPoint Equity Partners, has acquired United Janitorial Inc. and Drake Clean Up Systems Inc. The UJ Group will continue to operate from Charlottetown, Prince Edward Island, with existing management and employees as JDI expands its commercial cleaning and duct/HVAC service offerings across Atlantic Canada.
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December 19, 2023
- Buyer
- Pye-Barker Fire & Safety
- Target
- American Fire & Safety Supply
- Seller
- Eddie and Beth Lewis (owners of American Fire & Safety Supply)
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
Pye-Barker Fire & Safety acquired American Fire & Safety Supply, a fire protection and life safety equipment and service provider based in Ocala, Florida, expanding Pye-Barker’s footprint in northern Florida and southern Georgia. The American Fire leadership and team will remain in place to continue serving local customers as part of Pye-Barker’s growing platform of life-safety and security businesses.
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December 19, 2023
- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- Allrise Elevator Company
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Addon
Elevator Service LLC (ESI), a Grand Rapids-based elevator service platform backed by Carroll Capital, has acquired Allrise Elevator Company, an independent elevator service provider in the Greater St. Louis market. The transaction is an add-on acquisition that will keep Allrise's branding and team intact while expanding ESI's Midwest footprint and service, modernization, and new construction capabilities in St. Louis and Mid‑Missouri.
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December 14, 2023
- Buyer
- Pye-Barker Fire & Safety
- Target
- Alarmguard Security, Inc., Sentry Watch
- Seller
- James and Rhonda Lee
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Addon
Pye-Barker Fire & Safety has acquired two Greensboro, North Carolina-based security and alarm companies: Alarmguard Security, Inc. and Sentry Watch. The acquisitions expand Pye-Barker’s North Carolina footprint and add local teams that will continue to serve residential and commercial customers under the Pye-Barker platform.
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December 12, 2023
- Buyer
- The Valcourt Group
- Target
- AwnClean USA
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
The Valcourt Group has acquired woman‑owned AwnClean USA, a Tampa-based exterior building cleaning company, to expand its service footprint in the Tampa, Florida market. The deal adds awning, pressure washing, window and roof cleaning capabilities to Valcourt’s nationwide platform (which operates in 24 states with ~1,800 employees) while preserving AwnClean’s existing operations under its owner, Amy Diehl.
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December 12, 2023
- Buyer
- Relay Fire & Safety, The Riverside Company (Riverside Micro-Cap Fund - RMCF)
- Target
- Metro Fire Inspection and Maintenance Inc.
- Seller
- Rob Perper
- Industry
- Industrial Services
- Location
- New York, United States
- Type
- Addon
Relay Fire & Safety, the Riverside-backed life safety platform, has acquired Metro Fire Inspection and Maintenance Inc., a New York City-area fire protection, inspection and maintenance services provider. The deal is an add-on to Relay's platform (backed by The Riverside Company) to expand the firm's footprint into the New York metro area and broaden local service capabilities.
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December 7, 2023
- Buyer
- BECO Holding Company (BHC / Brooks Equipment), H.I.G. Capital
- Target
- Electronic Supply Company (ESC), Grease Lock
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
BECO Holding Company (BHC), an H.I.G. Capital portfolio company doing business as Brooks Equipment, has completed the acquisitions of Electronic Supply Company (ESC) and Grease Lock. The add-on transactions expand BHC’s product segments, vendor relationships and geographic footprint across the U.S., with H.I.G. supporting BHC’s continued platform build-out.
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December 5, 2023
- Buyer
- Harbour Group, Stainless Hose Fittings (SHF)
- Target
- Trelltex, Inc. (d/b/a Texcel)
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
Harbour Group has acquired Trelltex, Inc. (d/b/a Texcel), a Houston-based supplier of industrial and hydraulic hoses, fittings and fluid sealing products, to join its specialty-flow components platform. Texcel will operate alongside Harbour's existing platform companies (Stainless Hose Fittings, Omega One and AMFM) to expand product offering and national distribution capabilities; terms were not disclosed.
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December 5, 2023
- Buyer
- Kelvin Group, Southfield Capital
- Target
- Advanced Examination Services (AES-NDT)
- Seller
- Adam Shideler (Owner)
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Addon
Kelvin Group, backed by Southfield Capital, has acquired Advanced Examination Services (AES-NDT), a Torrance, California-based provider of non-destructive testing (NDT) services for the petroleum, chemical and agricultural industries. The deal is Kelvin Group’s ninth acquisition since partnering with Southfield; Deerpath Capital Management provided debt financing and G2 Capital Advisors served as buy-side advisor.
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- Buyer
- Motion & Control Enterprises, Frontenac
- Target
- Filter Resources, Inc.
- Seller
- Parker Hannifin Corporation
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
Motion & Control Enterprises (MCE), a Frontenac-backed industrial distributor, has acquired Parker Hannifin Filtration (Houston), LLC (dba Filter Resources, Inc.). Filter Resources — a distributor of process liquid and air filtration products serving downstream oil & gas, petrochemical, and specialty chemical markets — will retain its brand and continue operating from its Pasadena, Texas and Lake Charles, Louisiana locations under General Manager Sidney Mondin. The deal expands MCE's filtration capabilities as an add-on to its platform.
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- Buyer
- Harrington Industrial Plastics LLC, Bain Capital Private Equity
- Target
- PumpMan Holdings, LLC (PumpMan)
- Seller
- Soundcore Capital Partners
- Industry
- Industrial Services
- Location
- New Jersey, United States
- Type
- Addon
Harrington Industrial Plastics, a portfolio company of Bain Capital Private Equity, has acquired PumpMan Holdings, LLC from Soundcore Capital Partners. PumpMan is a provider of onsite maintenance, repair, replacement and pump sales for commercial, industrial and municipal water and wastewater systems; the deal adds national pump service capabilities to Harrington's flow-control distribution platform.
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December 1, 2023
- Buyer
- EMI Group, Innova Capital, Morphosis Capital
- Target
- KADRA
- Industry
- Industrial Services
- Location
- Romania
- Type
- Addon
EMI Group has partnered with and brought KADRA into its platform, adding Romania’s leading access automation and parking-management specialist to the group. The deal, supported by EMI’s financial backers Innova Capital and Morphosis Capital, strengthens EMI Group’s regional footprint and service capabilities across industrial, healthcare and retail end markets.
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November 30, 2023
- Buyer
- Aldinger Company, Incline Equity Partners
- Target
- Instrument Technologies, Inc.
- Industry
- Industrial Services
- Location
- Idaho, United States
- Type
- Addon
Aldinger Company, a Dallas-based calibration services provider and portfolio company of Incline Equity Partners, acquired Instrument Technologies, Inc., an A2LA-accredited instrument calibration provider with a primary lab in Boise, Idaho and four mobile labs in the Seattle area. The transaction, advised by Generational Equity, closed on November 30, 2023 as an add-on to Aldinger to expand its geographic footprint and calibration capabilities.
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November 22, 2023
- Buyer
- BradyIFS + Envoy Solutions, Warburg Pincus
- Target
- Sierra Packaging, Inc.
- Seller
- Larry Johnson, Christie Johnson
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
BradyIFS + Envoy Solutions has acquired Sierra Packaging, Inc., a distributor serving the East Texas market. The deal expands BradyIFS + Envoy Solutions' footprint in Texas and adds Sierra's packaging, foodservice disposables, JanSan and safety product distribution capabilities to the platform; terms were not disclosed.
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November 14, 2023
- Buyer
- CraneTech Inc., Balance Point Capital Advisors, LLC / Balance Point Capital Partners IV, L.P.
- Target
- Ameracrane & Hoist
- Industry
- Industrial Services
- Location
- Oklahoma, United States
- Type
- Addon
CraneTech, a Steel River portfolio company headquartered in Stockton, California, acquired Ameracrane & Hoist of Tulsa, Oklahoma to expand its geographic footprint and scale. Balance Point provided a follow-on financing solution that facilitated the acquisition and supports CraneTech's continued organic and inorganic growth.
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November 14, 2023
- Buyer
- American Roller Company, Hamilton Robinson Capital Partners
- Target
- PETCO Inc. (Polyurethane Engineering Techniques Co. Inc.)
- Seller
- Smith family
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
American Roller Company, a portfolio company of Hamilton Robinson Capital Partners, acquired PETCO Inc., a Lake Forest, Illinois-based urethane casting and roller specialist. The add-on expands American Roller's urethane casting capabilities and strengthens its Midwest presence; the seller is the Smith family.
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November 13, 2023
- Buyer
- Code Red Safety, Warren Equity Partners
- Target
- HazTek LLC
- Seller
- Founders Steve Jones and Bruce Henderson
- Industry
- Industrial Services
- Location
- New Jersey, United States
- Type
- Addon
Code Red Safety, a portfolio company of Warren Equity Partners, has acquired HazTek LLC, a Medford, New Jersey-based safety consulting and worksite safety services firm. The deal expands Code Red's safety management capabilities, geographic footprint and field personnel depth to better serve high-growth end markets such as pharmaceuticals, data centers, and e-commerce.
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November 8, 2023
- Buyer
- RIGUPATL, Oakley Services
- Target
- Georgia Rigging
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Addon
RIGUPATL, an Oakley Services portfolio company, has acquired Georgia Rigging, a long-established Atlanta-based crane, rigging and machinery moving services firm. The deal retains Georgia Rigging's co-founders as equity partners and staff while expanding RIGUPATL's footprint and capabilities across the Southern U.S. as part of Oakley Services' industrial services platform strategy.
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November 8, 2023
- Buyer
- Stuart Steel Protection, Integrated Utility Services (IUS)
- Target
- Northwestern Cathodic
- Seller
- Northwestern Cathodic
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Addon
Stuart Steel Protection (owned by Integrated Utility Services) has agreed to acquire the assets of Colorado-based Northwestern Cathodic, expanding SSP's geographic footprint into Colorado and South Carolina and roughly doubling its workforce. The asset purchase will broaden SSP's corrosion-control product offerings and service capacity; Northwestern Cathodic Founder & President Chris Moore will join SSP as Chief Strategy Officer.
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November 7, 2023
- Buyer
- Formerra, LLC, H.I.G. Capital
- Target
- Suministro de Especialidades (Suministro)
- Industry
- Industrial Services
- Location
- Mexico City, Mexico
- Type
- Addon
Formerra, a portfolio company of H.I.G. Capital, has acquired Suministro de Especialidades, a Mexico City-based distributor of elastomers, adhesives, resins and performance additives. The add-on expands Formerra's product adjacencies and strengthens its Mexican presence with in-country formulation support and a combined technical sales team focused on the region.
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- Buyer
- Belt Power, LLC, Platte River Equity
- Target
- Reliable Rubber, LLC
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Platte River Equity portfolio company Belt Power, LLC has acquired Chicago-based Reliable Rubber, LLC. The add-on expands Belt Power's Midwest footprint and fabrication capabilities, marking the firm's third bolt-on since Platte River's investment in Belt Power last year.
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November 2, 2023
- Buyer
- CertaSite
- Target
- Allied Safety Services
- Seller
- Bart Dixon
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
CertaSite, a commercial fire protection and life safety platform headquartered in Indianapolis, has acquired Allied Safety Services, a local fire extinguisher and kitchen suppression systems business in Indianapolis. The deal expands CertaSite's local Indianapolis footprint and retains Allied's employees as part of CertaSite's growing platform.
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November 2, 2023
- Buyer
- CertaSite, The Riverside Company
- Target
- Allied Safety Services
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
CertaSite, a Riverside portfolio company, acquired Allied Safety Services, a commercial fire protection and life safety business in Indianapolis, Indiana. The deal is the 22nd add-on to Riverside's CertaSite platform and expands CertaSite's local footprint and service capabilities in the Midwest.
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November 2, 2023
- Buyer
- Motion & Control Enterprises (MCE), Frontenac
- Target
- Applied Industrial Controls, Inc., Engineered Systems Group, LLC
- Seller
- Mike Bruce (former CEO and co‑owner)
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Addon
Motion & Control Enterprises (MCE), a Frontenac‑backed industrial distributor and service platform, acquired Buford, Georgia‑based Applied Industrial Controls, Inc. (AIC) and Engineered Systems Group, LLC (ESG). The add‑on acquisitions expand MCE’s automation, controls distribution, and systems integration capabilities and provide entry into southeastern U.S. industrial and water/wastewater end markets.
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November 2, 2023
- Buyer
- Miner Ltd., OnPoint Group
- Target
- Bob's Overhead Door
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Addon
Miner Ltd., the docks and doors division of OnPoint Group, has acquired Bob's Overhead Door, a Baltimore-based commercial and residential door services company. The acquisition expands Miner's service footprint across Maryland and supports the company's nationwide strategy to build a coast-to-coast service network for loading docks and door systems.
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November 1, 2023
- Buyer
- Huizenga Group Automation (Huizenga Group)
- Target
- Adaptek Systems, API Alliance
- Seller
- Joe DePrisco
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
Huizenga Group Automation, part of the privately held Huizenga Group, has acquired Fort Wayne, Indiana-based Adaptek Systems and API Alliance. The transactions add an automation systems design/build firm and an electronics/electro-mechanical manufacturer to Huizenga Group Automation's platform to expand capabilities and support larger projects across automotive, medical, pharmaceutical and consumer end markets.
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October 31, 2023
- Buyer
- Huron Capital, The Exigent Group (Exigent)
- Target
- Ambient Temperature Corp., Global Facility Solutions
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
Huron Capital’s ExecFactor platform, The Exigent Group, acquired Ambient Temperature Corp. (ATCO), a union mechanical services provider based in Newburyport, Massachusetts, and Global Facility Solutions (GFS), an energy-efficiency and engineering services firm based in Columbia, Maryland. These transactions are add-on acquisitions for Exigent that expand its geographic coverage into New England and broaden its sustainability, energy-efficiency, and engineering capabilities across the platform’s eastern U.S. footprint.
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October 30, 2023
- Buyer
- Belt Power, LLC, Platte River Equity
- Target
- Blankenship Belting
- Seller
- Blankenship Equipment Repair
- Industry
- Industrial Services
- Location
- Washington, United States
- Type
- Addon
Belt Power, a Platte River Equity portfolio company, has acquired Blankenship Belting, a division of Blankenship Equipment Repair. The add-on expands Belt Power's fabrication and distribution footprint in the Pacific Northwest and broadens its service offerings to end markets including paper & packaging, food processing, material handling and general industrial customers.
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October 29, 2023
- Buyer
- Empower Rental Group
- Target
- Florida Rental Equipment
- Seller
- Trey Martin (co-owner of Florida Rental Equipment)
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
Empower Rental Group (ERG), a platform of local equipment rental providers, has acquired Florida Rental Equipment, a three-location equipment rental company headquartered in Orlando, Florida. The sellers — including co-owner Trey Martin — were advised by Fred Hageman of Rental Business Advisors.
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October 24, 2023
- Buyer
- Shrieve Chemical Company, Gemspring Capital
- Target
- Gilbert & Jones
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Type
- Addon
Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Gilbert & Jones, a New Britain, Connecticut-based distributor of specialty and industrial chemicals. The acquisition expands Shrieve's product offering and geographic reach into additional end markets such as aerospace, automotive and electronics, and brings Gilbert & Jones' supplier and customer relationships into the Shrieve platform.
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- Buyer
- Elevator Service LLC (ESI), Carroll Capital
- Target
- A-1 Elevator Service, Pinnacle Elevator
- Seller
- Justin Schulte, Gary Songy, Mike Luscy
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Type
- Addon
Elevator Service LLC (“ESI”) entered into a partnership and completed an investment to acquire A-1 Elevator Service and Pinnacle Elevator, independent elevator service providers serving the Greater New Orleans area and Southern Louisiana/Mississippi. The deal is ESI’s fifth add-on acquisition in the last two years and supports its launch and expansion strategy into the Southeast region.
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- Buyer
- Island Pump and Tank, Hidden Harbor Capital Partners
- Target
- Mid-South Steel Products Inc.
- Seller
- Sonny Underwood
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Addon
Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired Mid-South Steel Products Inc., expanding Island Pump’s service footprint into the U.S. Mid-West. The deal brings Mid-South’s manufacturing, installation, and distribution capabilities for petroleum equipment into Island Pump’s platform; financing was provided by Capital Southwest Corporation and the company’s owner, Sonny Underwood, will remain involved.
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October 24, 2023
- Buyer
- Summit Fire & Security LLC, SFP Holding, Inc. (Summit Companies)
- Target
- Mahugh Fire & Safety
- Seller
- Mahugh Fire & Safety, Gary Mahugh (owner)
- Industry
- Industrial Services
- Location
- Montana, United States
- Type
- Addon
Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), acquired Mahugh Fire & Safety effective October 24, 2023. The acquisition adds a fourth Montana location in Kalispell and expands Summit's fire protection and life-safety services in the region while Mahugh's owner will focus on his fire equipment business, Northern Rockies Fire.
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- Buyer
- Eagle Fire Inc., Rosewood Private Investments
- Target
- Liberty Fire Solutions, Pro-Tec Fire Solutions
- Seller
- Kevin Bowling (owner, Pro-Tec Fire Solutions), Randy Young (owner/operator, Liberty Fire Solutions)
- Industry
- Industrial Services
- Location
- Virginia, United States
- Type
- Addon
Eagle Fire Inc., a portfolio company of Rosewood Private Investments, has acquired Virginia-based fire protection firms Liberty Fire Solutions and Pro‑Tec Fire Solutions. The add-on deals expand Eagle Fire’s service capabilities and strengthen its presence in Southwest and Central Virginia, offering broader inspection, service, installation and monitoring support for industrial, commercial and government customers.
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October 20, 2023
- Buyer
- Renta Group Oy
- Target
- Ohiko Oy
- Industry
- Industrial Services
- Location
- Uusimaa, Finland
- Type
- Addon
Renta Group Oy has acquired Ohiko Oy, a specialised pumping company headquartered in Tuusula, Finland. The acquisition expands Renta's specialised pumping business into Finland, adding Ohiko's turnkey bypass pumping capabilities, 7 employees and over EUR 2 million in annual revenue to Renta's platform.
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October 20, 2023
- Buyer
- Acuren Inspection, Inc.
- Target
- Alloyweld Inspection Company, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Addon
Acuren Inspection, Inc. acquired Alloyweld Inspection Company, Inc., a two-location Illinois nondestructive testing (NDT) services provider; the transaction closed on September 13, 2023. Generational Equity advised Alloyweld on the sale — the deal brings Alloyweld’s specialized radiography and 3D CT capabilities into Acuren’s broader asset integrity and NDT platform to expand service capabilities for aerospace, medical device and industrial customers.
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October 18, 2023
- Buyer
- American Holt, Arcline Investment Management
- Target
- DMA Solution
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Addon
American Holt, a platform company backed by Arcline Investment Management, has acquired DMA Solution, an engineer-driven maker of aftermarket replacement parts for beverage packaging production machinery. The deal brings DMA's capabilities into the American Holt platform to expand its aftermarket parts portfolio and better serve food and beverage machinery end users.
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- Buyer
- Miner Ltd., OnPoint Group
- Target
- Central State Door Service
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Addon
Miner Ltd., the dock and door division of OnPoint Group, has acquired Central State Door Service, a Pennsylvania-based provider of commercial and residential doors and dock equipment. The deal expands Miner's service footprint across Pennsylvania and strengthens OnPoint Group's nationwide dock, door and facility maintenance network.
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October 18, 2023
- Buyer
- Rhino Tool House, Blue Sea Capital
- Target
- BoMar Pneumatics, Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
Rhino Tool House, a PE-backed value-added distributor based in Concord, North Carolina, has acquired BoMar Pneumatics, Inc., a provider of assembly tool and material handling solutions based in Indianapolis, Indiana. The acquisition expands Rhino Tool House's geographic footprint in central Indiana and strengthens its ability to serve local manufacturing and OEM customers; Blue Sea Capital is the platform sponsor backing Rhino Tool House.
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October 11, 2023
- Buyer
- Lou-Tec
- Target
- Torcan Lift Equipment
- Seller
- Principal shareholders of Torcan Lift Equipment
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
Lou-Tec, a Quebec-based heavy machinery and equipment rental company, has acquired Torcan Lift Equipment, an Ontario specialist in aerial lift sales, rental and maintenance. The deal expands Lou-Tec's presence into Ontario, adds Torcan's fleet and teams to Lou-Tec's network, and is supported by Lou-Tec's private equity backers to accelerate growth and geographic expansion.
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October 10, 2023
- Buyer
- Island Pump and Tank, Hidden Harbor Capital Partners, Capital Southwest Corporation
- Target
- Petroleum Equipment Construction, Inc.
- Seller
- Benjamin Bathke, Jeffrey Caldwell
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
Island Pump and Tank, a portfolio company of Hidden Harbor Capital Partners, has acquired Petroleum Equipment Construction, Inc. (PEC), a Lockhart, Florida–based provider of maintenance, testing, repair and installation services for petroleum storage, fueling systems and point-of-sale equipment. The add-on expands Island Pump’s geographic footprint into Florida and enhances service coverage for its existing customers; Capital Southwest Corporation provided financing for the transaction.
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October 5, 2023
- Buyer
- Rosewood Private Investments, StationServ Holdings
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
Rosewood Private Investments' portfolio company StationServ completed two add-on acquisitions in 2023, bringing StationServ's total to eight acquisitions. The add-ons expand the platform's service capabilities and geographic footprint across Texas, Louisiana, Arkansas, Tennessee and Mississippi.
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October 5, 2023
- Buyer
- United Flow Technologies, H.I.G. Capital
- Target
- Kodru-Mooney, Macaulay Controls Company, Iowa Pump Works
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
United Flow Technologies (a platform backed by H.I.G. Capital) has completed add-on acquisitions of Kodru-Mooney, Macaulay Controls Company and Iowa Pump Works to expand its product offering, geographic footprint and OEM partnerships in the municipal and industrial water and wastewater market. The acquired businesses will operate with their existing leadership teams while integrating commercially and operationally into the UFT platform; terms were not disclosed.
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October 4, 2023
- Buyer
- NMi (Netherlands Measurement Institute), Levine Leichtman Capital Partners
- Target
- Avon Dynamic Calibration Ltd
- Industry
- Industrial Services
- Location
- England, United Kingdom
- Type
- Addon
NMi, a portfolio company of Levine Leichtman Capital Partners, has acquired Avon Dynamic Calibration Ltd, a UKAS-accredited calibration and dimensional measurement specialist headquartered in Bristol. The add-on expands NMi’s UK platform and enhances its asset management and TICC services capabilities under LLCP ownership.
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