Industrial Services Acquisitions in 2024
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December 31, 2024
- Buyer
- MB92 Group
- Target
- GYG Ltd (trading as Pinmar, Pinmar Yacht Supply and Technocraft)
- Industry
- Industrial Services
- Location
- Balearic Islands, Spain
- Type
- Buyout
MB92 Group has acquired GYG Ltd., the superyacht painting, service and supply group that trades under the Pinmar, Pinmar Yacht Supply and Technocraft brands. The deal, which closed on Dec. 31, 2024, strengthens MB92's painting, supply and refit capabilities and expands its service offering across Europe and the U.S.
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December 30, 2024
- Buyer
- Teledyne Technologies Incorporated
- Target
- Micropac Industries, Inc.
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Teledyne Technologies completed the previously announced merger/acquisition of Micropac Industries via a wholly-owned subsidiary. Micropac stockholders received $20.00 per share in cash, valuing the transaction at approximately $57.3 million, including Micropac’s net debt as of August 24, 2024.
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December 30, 2024
- Buyer
- CIH (Central Indiana Hardware), APTURA Group
- Target
- Haley's Lock, Safe & Key Service, Inc.
- Seller
- Rick Oliver, Jeff Oliver
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
CIH (Central Indiana Hardware), part of the APTURA Group, has acquired Haley's Lock, Safe & Key Service, Inc., a family-owned locksmith and electronic security integrator with locations in Lafayette and Crawfordsville, Indiana. The deal preserves Haley's brand and local operations while providing additional resources from CIH/APTURA to expand service capabilities and market reach.
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December 30, 2024
- Buyer
- Wabtec Corporation
- Target
- Bloom Engineering, Inc.
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Wabtec Corporation has acquired Bloom Engineering, Inc., a Pittsburgh-based provider of industrial burners and combustion systems, for $69 million in cash. The purchase expands Wabtec’s heat transfer and energy solutions capabilities and is expected to be immediately accretive to EPS, with synergies to be realized over the next three years.
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December 23, 2024
- Buyer
- Performance Systems Integration, The Riverside Company
- Target
- Sanderson Fire Protection
- Industry
- Industrial Services
- Location
- Oregon, United States
- Type
- Addon
Performance Systems Integration (PSI), a portfolio company of The Riverside Company, has acquired Sanderson Fire Protection as an add-on to PSI’s fire and life safety platform. Sanderson, a family-owned fire protection provider headquartered in Portland, Oregon, offers fire extinguisher service and suppression system inspection, repair and installation across Oregon and Washington, and the deal expands PSI’s suppression capabilities and regional presence in the Pacific Northwest.
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December 23, 2024
- Buyer
- Relevant Industrial, LLC
- Target
- Loy Instrument, Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Relevant Industrial, LLC has acquired Loy Instrument, Inc., a Indianapolis-based provider of process control and combustion solutions. The acquisition strengthens Relevant's combustion, process control and automation capabilities and expands its geographic footprint in the U.S. Midwest.
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December 20, 2024
- Buyer
- Excelis Packaging Automation, LFM Capital
- Target
- Kraken Automation Inc.
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Addon
LFM Capital’s portfolio company SureKap has rebranded as Excelis Packaging Automation and acquired Kraken Automation, a Canada-based specialist in high-speed material handling, case packing and cartoning systems. Financial terms were not disclosed; the acquisition expands Excelis’ turnkey packaging automation capabilities and adds secondary packaging and material-handling expertise to the platform.
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December 19, 2024
- Buyer
- Integrated Power Services (IPS)
- Target
- Switchgear Solutions, Inc.
- Industry
- Industrial Services
- Location
- Arizona, United States
- Type
- Addon
Integrated Power Services (IPS), a Greenville, South Carolina–based provider of electrical, mechanical and power management services, has acquired Tucson-based Switchgear Solutions, Inc. The acquisition expands IPS's footprint and capabilities in the Southwestern United States, adding Switchgear Solutions' remanufacturing, field and engineering services for mining, utilities and industrial customers.
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December 19, 2024
- Buyer
- KLH Capital
- Target
- Concrete Protection & Restoration
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Recapitalization
KLH Capital has completed a recapitalization of Concrete Protection & Restoration (CPR), partnering with the company’s management team to provide liquidity and capital for accelerated growth. Headquartered in Baltimore, MD, CPR is a concrete restoration and structural repair services provider with over 100 skilled field technicians offering services such as post-tension tendon repairs, structural strengthening, protective coatings and waterproofing.
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December 19, 2024
- Buyer
- Halifax Group
- Target
- Q-mation
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Recapitalization
Halifax Group completed an investment in Q-mation, a Horsham, Pennsylvania-based industrial automation software and hardware distributor and services provider. Q-mation’s CEO and founders are investing alongside Halifax and existing management will continue to lead the business; financial terms were not disclosed.
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December 18, 2024
- Buyer
- Benford Capital Partners, Argus Monitoring Solutions Holdings, LLC
- Target
- Morgan Construction Services, Inc.
- Seller
- Rob Morgan
- Industry
- Industrial Services
- Location
- Kansas, United States
- Type
- Addon
Benford Capital Partners’ portfolio company Argus Monitoring Solutions has acquired Morgan Construction Services, a Kansas City–based provider of seismic and vibration monitoring services for the construction sector. The add-on strengthens Argus' Midwest footprint and service capabilities, with Morgan's employees retained and founder Rob Morgan remaining as a manager focused on regional expansion.
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December 17, 2024
- Buyer
- Pearce Services, New Mountain Capital
- Target
- Unified Power
- Seller
- Incline Equity Partners
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
Pearce Services, a New Mountain Capital-backed provider of mission-critical infrastructure services, has acquired Unified Power, a Terrell, Texas-based provider of UPS and backup generator maintenance and repair services. The deal, supported with incremental capital from Goldman Sachs Alternatives' Hybrid Capital group, expands Pearce's capabilities into UPS services and strengthens its presence across data center, telecom, healthcare and other mission-critical end markets; Incline Equity Partners sold Unified Power.
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December 17, 2024
- Buyer
- Triad Service Solutions, Tide Rock YieldCo
- Target
- Brite Solutions
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Type
- Addon
Triad Service Solutions, a facilities maintenance provider backed by Tide Rock YieldCo, has acquired Brite Solutions, a nationwide facility maintenance specialist for transportation, logistics and warehousing facilities. The add-on expands Triad’s national footprint, subcontractor network and capabilities for 24-hour operations across 46 states, enabling cross-selling of services and accelerated growth.
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December 16, 2024
- Buyer
- M&D
- Target
- DSS ProDiesel Partners, LLC (ProDiesel)
- Seller
- Win Keith (owner of DSS ProDiesel Partners, LLC), DSS ProDiesel Partners, LLC
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Type
- Buyout
M&D, a U.S.-based aftermarket diesel parts distributor and remanufacturer, has acquired DSS ProDiesel Partners, LLC (ProDiesel), a fuel injector remanufacturer for Class 7 and 8 engines. The deal adds two Tennessee branches (Nashville and Johnson City), expands M&D's national footprint and strengthens its fuel-injection remanufacturing capabilities across North America.
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December 16, 2024
- Buyer
- Rhino Tool House, Blue Sea Capital
- Target
- UWBA Design
- Seller
- Scott Nolan, Uwe Banaschak
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
Rhino Tool House, a PE-backed value-added distributor headquartered in Concord, North Carolina, has acquired Columbus, Indiana-based automation controls firm UWBA Design. Backed by Blue Sea Capital, the acquisition expands Rhino Tool House's controls and programming capabilities and is the fifth add-on completed during Blue Sea Capital's partnership with the platform.
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December 16, 2024
- Buyer
- Norge Mining Ltd
- Target
- Skaland Graphite AS
- Seller
- Mineral Commodities Ltd
- Industry
- Industrial Services
- Location
- Norway
- Type
- Buyout
Norge Mining, through its Norwegian subsidiary Norge Mineraler Holding AS, has agreed to acquire Skaland Graphite AS, Europe’s largest natural graphite producer, from Mineral Commodities Ltd. The cash-and-debt-free deal is expected to close in Q1 2025, subject to customary closing conditions and regulatory approvals.
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December 16, 2024
- Buyer
- Altus Fire & Life Safety, Apax Partners LLP
- Target
- Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Type
- Addon
Altus Fire & Life Safety, a portfolio company of funds advised by Apax Partners LLP, has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (FCS), a Connecticut-based provider of inspection, testing, maintenance and compliance services. The acquisition is an add-on that expands Altus' geographic footprint into Connecticut and strengthens its fire protection and life safety service capabilities.
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December 13, 2024
- Buyer
- New Heritage Capital
- Target
- JA Moody, Moody Marine Service
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Growth capital
Boston-based private equity firm New Heritage Capital has made a strategic minority investment in JA Moody, a Malvern, Pennsylvania-based maritime supplier of fluid control valves, actuators, strainers, parts and related services. The transaction — completed via New Heritage’s Private IPO solution — preserves JA Moody’s management control, includes the company’s Moody Marine Services division, and provides growth capital to support national expansion and operational scaling.
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December 13, 2024
- Buyer
- Vortex Companies, LLC
- Target
- Tri-State Utilities, Pipe Vision
- Seller
- National Underground Group, Inc., ORIX Capital Partners
- Industry
- Industrial Services
- Location
- Virginia, United States
- Type
- Buyout
Vortex Companies, LLC has acquired Tri-State Utilities and Pipe Vision from National Underground Group, a portfolio company of ORIX Capital Partners. The Virginia-based businesses provide trenchless pipeline rehabilitation, pipe cleaning and inspection services and will expand Vortex's capabilities and geographic footprint across the Mid-Atlantic and Southeastern United States. Financial terms were not disclosed.
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December 12, 2024
- Buyer
- May River Capital, RLE Technologies
- Target
- NDSL Group Ltd.
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Addon
May River Capital and its portfolio company RLE Technologies have acquired NDSL Group Ltd., manufacturer of the Cellwatch battery-monitoring product line, and merged the businesses to form a new platform called Parameter. The combined company brings together battery monitoring and facility-environment monitoring capabilities to serve data centers, utilities, telecom and other critical-infrastructure end markets.
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- Buyer
- The Riverside Company, Dastex Group GmbH
- Target
- CRTM CleanRoomProducts GmbH
- Industry
- Industrial Services
- Location
- Bavaria, Germany
- Type
- Addon
The Riverside Company’s affiliated European fund has invested in CRTM CleanRoomProducts GmbH as the fourth add-on for its portfolio company Dastex Group GmbH. CRTM, a Munich-based distributor of cleanroom consumables serving medical device, optics, pharma and semiconductor customers across the DACH region, will expand Dastex’s product range and regional penetration as part of a European buy-and-build strategy.
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December 11, 2024
- Buyer
- Thermal Technology Distribution Solutions (TTDS), Gryphon Investors
- Target
- Applied Thermal Systems, Inc.
- Seller
- Michael Roark
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Addon
Thermal Technology Distribution Solutions (TTDS), a Gryphon Investors–backed distribution platform, has acquired Applied Thermal Systems, a Minneapolis-area value-added distributor of electric heaters, controls, thermocouples and related engineering services. The add-on expands TTDS's footprint in the Upper Midwest and strengthens its product and technical capabilities; terms were not disclosed.
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December 11, 2024
- Buyer
- CERTANIA
- Target
- C.M.C. Sud Srl
- Industry
- Industrial Services
- Location
- Liguria, Italy
- Type
- Buyout
Munich-based CERTANIA has acquired C.M.C. Sud Srl, a Genoa-headquartered specialist in non-destructive testing (NDT), material analysis, and inspection services. The deal brings C.M.C. Sud into CERTANIA's Testing, Inspection and Certification (TIC) platform to expand technical capabilities and accelerate growth in energy, manufacturing and nuclear markets.
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December 11, 2024
- Buyer
- NextGen Security, LLC, Dunes Point Capital, LP
- Target
- Micro Security Solutions, LLC
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
NextGen Security, a portfolio company of Dunes Point Capital, has acquired Micro Security Solutions, a Miramar, Florida-based electronic security integration firm. The add-on expands NextGen’s access control and video surveillance capabilities and geographic presence in healthcare, government, and other institutional end markets.
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December 10, 2024
- Buyer
- The Universal Group, CAI Capital Partners, BDC Capital, Roynat Equity Partners, Frind Enterprises
- Target
- Barricades and Signs Ltd.
- Seller
- Robert van Bruggen, Fran van Bruggen, Barrier Ridge Capital
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Addon
The Universal Group, a CAI Capital Partners portfolio company, has acquired Barricades and Signs Ltd., a leading traffic control and sign manufacturer headquartered near Edmonton, Alberta. CAI and equity co-investors including BDC Capital, Roynat Equity Partners and Frind Enterprises invested in the combined organization, while Jan van Bruggen will continue to lead Barricades and become a shareholder in the Universal Group.
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December 10, 2024
- Buyer
- CES Power LLC, Allied Industrial Partners
- Target
- Base Craft, LLC
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Addon
CES Power LLC, backed by private equity firm Allied Industrial Partners, has acquired Base Craft, LLC, a provider of specialty services and equipment for the motion picture industry. The deal expands CES's footprint in film and broadcast services and launches a new CES Studio Services division to pursue further add-on growth; terms were not disclosed.
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December 10, 2024
- Buyer
- Crossplane Capital
- Target
- Distributor Wire and Cable
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Buyout
Dallas-based private equity firm Crossplane Capital has completed the acquisition of Distributor Wire and Cable (DWC), a Denver/Aurora-headquartered master distributor of specialty electrical wire and cable. Crossplane partnered with DWC founder Bryce Huett and the management team to provide operational and financial resources to support the company's next phase of growth, including product, capability and geographic expansion.
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December 10, 2024
- Buyer
- Transcat, Inc.
- Target
- Martin Calibration Inc.
- Seller
- Martin Calibration Inc., Rick Brion
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Transcat, Inc. acquired Martin Calibration Inc., an ISO-17025 accredited calibration laboratory network, effective December 10, 2024, for $79 million (approximately $69M cash and $10M stock). The deal expands Transcat's Midwest service footprint — including a flagship Minneapolis lab and six additional locations — and strengthens capabilities serving medical, life sciences, aerospace, and nuclear customers; Martin brings nearly 150 employees.
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December 9, 2024
- Buyer
- onsemi
- Target
- Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, United Silicon Carbide
- Seller
- Qorvo
- Industry
- Industrial Services
- Location
- Arizona, United States
- Type
- Buyout
onsemi entered into an agreement to acquire Qorvo’s Silicon Carbide Junction Field-Effect Transistor (SiC JFET) technology business, including the United Silicon Carbide subsidiary, for $115 million in cash. The acquisition is intended to expand onsemi’s EliteSiC power portfolio to address high energy efficiency and power density needs for AC-DC power supply units in AI data centers.
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December 9, 2024
- Buyer
- Industrial Inspection & Analysis (IIA)
- Target
- Kova Engineering Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
Industrial Inspection & Analysis (IIA) has acquired Canada-based Kova Engineering Ltd., adding Kova’s lift inspection, NDT and certification capabilities and 15 Canadian offices to IIA’s footprint. The deal makes IIA the largest third-party lift inspection provider in North America and expands its engineering and inspection capabilities across multiple industries.
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December 5, 2024
- Buyer
- Pye-Barker Fire & Safety
- Target
- Security On-Line Systems
- Seller
- William Lutz, Jr.
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Security On-Line Systems, a Philadelphia-area provider of security systems, fire detection and alarm services, expanding Pye-Barker’s presence in Pennsylvania and the greater Delaware Valley (including southern New Jersey). Security On-Line’s team will remain in place to continue servicing local customers; owner William Lutz, Jr. sold the business to Pye-Barker.
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December 4, 2024
- Buyer
- Pye-Barker Fire & Safety
- Target
- United Automation
- Seller
- Brian Smith (President and Owner of United Automation)
- Industry
- Industrial Services
- Location
- Louisiana, United States
- Type
- Buyout
Pye-Barker Fire & Safety acquired United Automation, a fire and security systems integrator with three Louisiana locations in West Monroe, Shreveport and Alexandria. The acquisition expands Pye-Barker's full-service life safety and security capabilities in Louisiana, adding expertise in alarms, access control, video surveillance and systems automation.
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December 4, 2024
- Buyer
- Athena Technology Acquisition Corp. II
- Target
- Ace Green Recycling, Inc.
- Industry
- Industrial Services
- Location
- Delaware, United States
- Type
- Buyout
Ace Green Recycling entered into a definitive business combination agreement with Athena Technology Acquisition Corp. II (ATAC II), a special purpose acquisition company (SPAC), for Ace to merge into a wholly-owned subsidiary of ATAC II. The combined entity is expected to become a public company, with the transaction expected to close in the first half of 2025 subject to customary approvals.
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December 4, 2024
- Buyer
- Russel Metals Inc.
- Target
- Tampa Bay Steel Corporation
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Buyout
Russel Metals Inc. has closed its acquisition of Tampa Bay Steel Corporation for US$79.5 million, subject to normal course adjustments. The deal expands Russel Metals’ footprint into the Florida market, bringing Tampa Bay Steel’s value-added processing capabilities and experienced management team into its Southern US businesses.
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December 4, 2024
- Buyer
- Molex
- Target
- AirBorn
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Molex entered into an agreement to acquire AirBorn, a manufacturer of rugged and mission-critical connectors and electronic components for aerospace and defense and other end markets. The acquisition was subsequently completed, with AirBorn’s CEO Michael Cole leading a new Molex Aerospace and Defense division.
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- Buyer
- Anzu Partners LLC
- Target
- voxeljet AG
- Seller
- voxeljet AG
- Industry
- Industrial Services
- Location
- Germany
- Type
- Buyout
Anzu Partners LLC-affiliated funds have entered an agreement to acquire voxeljet AG’s entire business via an asset deal. The transaction is expected to close in March or April 2025, subject to customary conditions including shareholder approval and foreign investment clearance in Germany.
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December 3, 2024
- Buyer
- The Colt Group, Capstreet
- Target
- Plant Services, Inc.
- Industry
- Industrial Services
- Location
- Montana, United States
- Type
- Addon
The Colt Group, a Houston-based provider of on-line industrial leak repair solutions backed by Capstreet, has acquired Plant Services, Inc. (PSI), a Worden, Montana-based specialist in on-line leak repair, hot tapping, line stopping and field machining, expanding Colt's footprint across the Rocky Mountain region. Terms were not disclosed; NXT Capital provided financing in support of Capstreet's add-on acquisition and refinancing of The Colt Group.
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December 3, 2024
- Buyer
- Impact Environmental Group (IEG)
- Target
- Olympic Wire & Equipment
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Addon
Elgin, Illinois-based Impact Environmental Group (IEG) has acquired Olympic Wire & Equipment, a Costa Mesa, California provider of baling wire, baling equipment, parts and service. The acquisition adds a strategically located service hub in California to IEG’s national compactor and baler service footprint; Olympic’s founder Jim Walker will remain to lead the business as part of IEG.
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December 2, 2024
- Buyer
- Sandvik
- Target
- Universal Field Robots (UFR)
- Industry
- Industrial Services
- Location
- Australia
- Type
- Buyout
Sandvik completed its previously announced acquisition of Universal Field Robots (UFR), an Australia-based provider of autonomous interoperable solutions for surface and underground mining. UFR will be reported within Sandvik’s Digital Mining Technologies division within Sandvik Mining and Rock Solutions.
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- Buyer
- PQ
- Target
- Sibelco Group specialty silicate business operated in the Lödöse plant
- Seller
- Sibelco Group
- Industry
- Industrial Services
- Location
- Sweden
- Type
- Buyout
PQ, a global silicates producer, has agreed to acquire the specialty silicate business of the Sibelco Group currently operated in the Lödöse plant in Sweden. The acquisition is subject to regulatory approvals and is expected to complete in early 2025, expanding PQ’s sodium and potassium silicate offerings to Nordic markets.
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December 2, 2024
- Buyer
- Sylmar Group
- Target
- Eastern Technologies, Inc.
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Sylmar Group has acquired Eastern Technologies, Inc. (ETI), a custom chemical blending and technical-support provider for the industrial water treatment market. ETI will operate under a dedicated Sylmar operating team with Gary Reggiani remaining as president, expanding Sylmar's capabilities in chemical blending and supporting its existing water platforms.
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December 2, 2024
- Buyer
- Motion & Control Enterprises, Frontenac
- Target
- North East Technical Sales, Inc.
- Seller
- David Yankowy, Doug Reichert, Jim Hampson
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Addon
Motion & Control Enterprises (MCE), a Frontenac-backed supplier of fluid power, automation and flow control solutions, has acquired North East Technical Sales, Inc. (NETS), a Harleysville, Pennsylvania-based distributor of instrumentation and control products. NETS will continue operating under its name with existing leadership, and the acquisition expands MCE's flow control footprint and service capabilities across the Mid-Atlantic.
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December 2, 2024
- Buyer
- Kymera International
- Target
- Coating Center Castrop GmbH
- Industry
- Industrial Services
- Location
- North Rhine-Westphalia, Germany
- Type
- Buyout
Kymera International has acquired Coating Center Castrop GmbH (CCC), a Castrop-Rauxel, Germany-based thermal spray and precision machining services provider. The acquisition expands Kymera's Surface Technologies footprint in Europe, adds a European HaloJet ID HVOF service center and CNC machining capabilities to support aerospace, marine propulsion, pharmaceutical and industrial customers; terms were not disclosed.
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December 2, 2024
- Buyer
- Limbach Holdings, Inc.
- Target
- Consolidated Mechanical, Inc. (CMI)
- Seller
- Thompson Family
- Industry
- Industrial Services
- Location
- Kentucky, United States
- Type
- Buyout
Limbach Holdings, Inc. (Nasdaq: LMB) acquired Consolidated Mechanical, Inc. (CMI) for an initial purchase price of $23 million with up to $2 million in contingent earn-outs. CMI, founded in Owensboro, Kentucky, is expected to contribute roughly $23 million of annualized revenue and $4 million of EBITDA beginning in 2025, expanding Limbach's industrial services footprint in Kentucky, Michigan, and Illinois and adding capabilities in power generation, food processing, manufacturing and metals markets.
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December 1, 2024
- Buyer
- Stonehenge Partners, Colville Group
- Target
- Motion & Flow Control Products (MFCP)
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Growth capital
Stonehenge Partners, in partnership with Colville Group, completed a growth investment in Motion & Flow Control Products (MFCP), a Denver-area distributor of fluid connector and fluid power solutions. The capital will support MFCP's expansion of its ParkerStore network and service offerings across more than 50 locations in the Western United States.
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November 27, 2024
- Buyer
- EVI Industries, Inc.
- Target
- O'Dell Equipment and Supply, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
EVI Industries, a Miami-based commercial laundry distributor, has acquired Jeffersonville, Indiana-based O'Dell Equipment and Supply. O'Dell will continue to operate under its existing name and facility with all 25 employees; for the 12 months ended June 30 it generated approximately $10.5 million in revenue. Terms were not disclosed and the acquisition is part of EVI's ongoing buy-and-build growth strategy.
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November 26, 2024
- Buyer
- DNOW Inc.
- Target
- Trojan Rentals, LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
DNOW Inc. completed its all-cash acquisition of Trojan Rentals, LLC, a provider of pump rentals, automation technology and layflat hose sales that support water sourcing, transfer, recycling and treatment. Founded in 2016 and headquartered in Odessa, Texas with approximately 90 employees, Trojan expands DNOW's water management offerings and complements its U.S. Process Solutions and Flex Flow pump rental businesses.
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November 25, 2024
- Buyer
- Kelvin Group, Southfield Capital
- Target
- JS Compliance, LLC
- Industry
- Industrial Services
- Location
- Massachusetts, United States
- Type
- Addon
Kelvin Group, a national industrial and commercial mechanical services provider backed by Southfield Capital, has acquired JS Compliance, LLC, a nationwide process safety and risk management consultancy. The add-on acquisition — Kelvin's thirteenth since partnering with Southfield — expands Kelvin's process safety management (PSM) capabilities and geographic reach, and broadens its compliance service offerings for clients in food & beverage, cold storage and other process industries.
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November 22, 2024
- Buyer
- FloWorks International LLC, Wynnchurch Capital, L.P.
- Target
- Applied Controls LLC, AC Systems Integration LLC
- Industry
- Industrial Services
- Location
- Oklahoma, United States
- Type
- Addon
FloWorks International LLC, a Wynnchurch Capital portfolio company, has acquired Applied Controls LLC and AC Systems Integration LLC, both headquartered in Tulsa, Oklahoma. The acquisition expands FloWorks' technical capabilities and product offering to include process controls, heat trace and analyzer systems to better serve industrial end markets.
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November 22, 2024
- Buyer
- Applied Industrial Technologies
- Target
- Hydradyne, LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Applied Industrial Technologies has signed a definitive agreement to acquire Hydradyne, a leading U.S. fluid power and motion control distributor. The acquisition expands Applied’s Engineered Solutions capabilities and Southeastern U.S. footprint; Hydradyne’s ~500 associates across 33 locations are expected to contribute about $260 million in sales and $30 million in EBITDA before synergies.
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