Industrial Services Acquisitions in 2025

  • Buyer
    Scrap Management Industries, Inc.
    Target
    Allmetal Recycling
    Seller
    Clint Cornejo
    Location
    United States
    Type
    Buyout

    Scrap Management Industries, Inc. (SMI) acquired Allmetal Recycling, a Kansas-based scrap metal recycler founded in 2009. The deal expands SMI’s footprint across Kansas with Allmetal’s 10 locations and adds capacity that supports SMI’s operation of multiple shredders across yards in Missouri, Kansas, and Oklahoma.

  • Buyer
    Duravant, LLC
    Target
    Matthews Automation Solutions
    Seller
    Matthews International Corporation
    Location
    United States
    Type
    Buyout

    Duravant, LLC signed a definitive agreement to acquire Matthews Automation Solutions, a provider of Warehouse Execution System (WES) and Warehouse Control System (WCS) software, controls, and integration services. The acquisition is intended to expand Duravant’s material handling capabilities and enable end-to-end integrated warehouse lines for customers across ecommerce, retail, parcel, and logistics. The transaction is stated as closed on December 31, 2025, with Duravant paying $232.1 million total consideration.

  • Buyer
    PureStar, Cornell Capital
    Target
    Emerald Textiles
    Seller
    Pacific Avenue Capital Partners

    PureStar has acquired Emerald Textiles from Pacific Avenue Capital Partners, closing on December 30, 2025. The deal combines PureStar's hospitality laundry platform with Emerald's West Coast healthcare linen operations, creating a scaled, diversified commercial laundry provider backed by Cornell Capital.

  • Buyer
    Baldwin Supply Company
    Target
    Construction & Aggregate Products, Inc.
    Type
    Buyout

    Baldwin Supply Company, a privately owned Midwest industrial distributor headquartered in Plymouth, Minnesota, has acquired Construction & Aggregate Products, Inc. (CAP), a distributor with locations in Des Moines, Iowa and Lenexa, Kansas. The acquisition expands Baldwin Supply's regional footprint and capabilities to better serve customers in aggregate, mining and construction markets.

  • Buyer
    Security 101
    Target
    Electronic Security Concepts (ESC)
    Type
    Buyout

    Security 101 has acquired Electronic Security Concepts (ESC), a Scottsdale, Arizona-based full-service systems integrator. The deal expands Security 101's presence in the U.S. Southwest and adds ESC's advanced systems-integration capabilities and customer relationships across government, healthcare, and enterprise verticals.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    United Fire Solutions
    Seller
    Brandon De Yager, Stephen Martz
    Type
    Addon

    Pye-Barker Fire & Safety acquired United Fire Solutions, a full-service fire protection company based in Murrieta, California. The transaction expands Pye-Barker's presence in Southern California and adds United Fire's capabilities in fire suppression, sprinkler systems, commercial kitchen and vehicle suppression, and emergency lighting.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Lowitt Alarms & Security Systems, Inc.
    Seller
    Andrew Lowitt
    Type
    Addon

    Pye-Barker Fire & Safety has acquired Lowitt Alarms & Security Systems, a Long Island-based provider of security, intrusion detection, video surveillance and fire alarm services. The deal expands Pye-Barker’s security and life-safety footprint in the Northeast and will keep Lowitt’s technicians serving customers in Hicksville and surrounding Long Island communities.

  • Buyer
    Valmet, Danske Bank A/S, OP Corporate Bank
    Target
    Severn Group, Severn Glocon, ValvTechnologies, LB Bentley
    Seller
    Bluewater
    Location
    United Kingdom
    Type
    Buyout

    Valmet has entered into an agreement to acquire Severn Group, an industrial valve company, from Bluewater, a UK-based private equity firm. The deal covers Severn’s three divisions—Severn Glocon, ValvTechnologies, and LB Bentley—and is intended to strengthen Valmet’s Process Performance Solutions segment and expand its flow control business.

  • Buyer
    FloWorks International LLC, Wynnchurch Capital, L.P.
    Target
    Cranford Equipment Co., Inc.
    Type
    Addon

    FloWorks International LLC, a portfolio company of Wynnchurch Capital, acquired Cranford Equipment Co., Inc., a Kenner, Louisiana-based distributor of filtration products. The add-on expands FloWorks' industrial filtration capabilities and geographic presence, marking the seventh acquisition completed by the FloWorks platform under Wynnchurch's ownership.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    S.E.M. Security Systems
    Seller
    Stephen Mocarsky
    Type
    Buyout

    Pye-Barker Fire & Safety has acquired S.E.M. Security Systems, a Ramsey, New Jersey–based provider of security and fire alarm systems that also operates in Warwick, New York. The acquisition expands Pye-Barker's fire, life-safety and security footprint in the Northeast and brings S.E.M.'s installation, inspection, monitoring and maintenance capabilities and local team into Pye-Barker's national platform.

  • Buyer
    Cyient Semiconductors
    Target
    Kinetic Technologies
    Type
    Buyout

    Cyient Semiconductors has signed a definitive agreement to acquire a majority stake in Kinetic Technologies for total consideration of up to USD 93 million. The deal is intended to build a scaled custom power semiconductor platform leveraging Cyient’s customASIC capabilities and Kinetic’s power management, analog, and mixed-signal IC portfolio for edge AI and high-performance compute markets.

  • Buyer
    PureStar
    Target
    Breck's Commercial Laundries
    Type
    Addon

    PureStar, a Las Vegas–based commercial laundry platform backed by Cornell Capital, has acquired Breck's Commercial Laundries, which operates multiple laundry and dry-cleaning facilities serving hotels and ski resorts across Colorado. The acquisition expands PureStar's presence in Denver and Colorado ski markets and adds capacity through facilities in Silverthorne, Eagle and Edwards, Colorado; the founders will remain with the business.

  • Buyer
    OptiGroup AB
    Target
    Textiel Services Nederland B.V.
    Location
    Netherlands
    Type
    Buyout

    Swedish distribution group OptiGroup has acquired Dutch workwear and hygiene specialist Textiel Services Nederland B.V. (TSN). TSN will be integrated into OptiGroup’s subsidiary All Safety Group to strengthen the combined offering in workwear, PPE rental/sales and workplace hygiene across the Netherlands, Belgium and Germany; the purchase price was not disclosed.

  • Buyer
    North American Construction Group Ltd. (NACG)
    Target
    Iron Mine Contracting (IMC)
    Location
    Western Australia, Australia
    Type
    Buyout

    North American Construction Group Ltd. entered into a definitive share purchase agreement to acquire Iron Mine Contracting (IMC), a Western Australian diversified mining services contractor, for approximately CAD 115 million. The transaction is expected to close in the first quarter of 2026 and will be funded through senior-secured bank financing, vendor debt financing, and a portion of NACG’s revolving credit facility.

  • Buyer
    Arclin
    Target
    The Willamette Valley Company (WVCO)
    Location
    United States
    Type
    Buyout

    Arclin has officially completed its acquisition of The Willamette Valley Company (WVCO), a manufacturer and distributor of custom products and services for markets including wood products, railroad, concrete repair, transportation, infrastructure, and consumer products. The deal adds eight manufacturing and R&D facilities and approximately 540 employees to Arclin’s global footprint to expand its materials science capabilities.

  • Buyer
    Galco Industrial Electronics, Inc.
    Target
    Ad‑Tech CCI, Inc.
    Seller
    James (Jim) Kiessling, Rex Rothrock
    Type
    Buyout

    Galco Industrial Electronics acquired Ad‑Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal expands Galco’s presence in the Mid‑Atlantic and enhances product offerings, engineering support, and service capabilities for customers in the region.

  • Buyer
    HydrEra Water Services
    Target
    ThinkTank Products Inc., Minion Tanks
    Type
    Buyout

    HydrEra Water Services acquired ThinkTank Products Inc., the developer of the Minion Tank, in a deal completed December 18, 2025. The acquisition expands HydrEra's modular and vertical fluid storage capabilities, adds complementary tank technologies and inventory, and increases regional service coverage across North America.

  • Buyer
    Tikehau Capital
    Target
    ScioTeq
    Seller
    OpenGate Capital, TransDigm Group Inc. (NYSE: TDG)
    Location
    Belgium
    Type
    Buyout

    OpenGate Capital completed the sale of ScioTeq, a provider of ruggedized displays and mission-critical visualization systems for aviation and defense, to the aerospace and defense fund of Tikehau Capital. OpenGate will retain a meaningful minority stake and continue supporting ScioTeq’s next phase of growth.

  • Buyer
    dormakaba
    Target
    Avant-Garde Systems Inc.
    Type
    Buyout

    dormakaba has signed a binding agreement to acquire Avant-Garde Systems Inc., a US-based independent entrance systems control solution provider headquartered in Clarksville, Indiana. The deal is intended to strengthen dormakaba’s North American go-to-market in access automation and expand capabilities for key verticals such as data centers and airports. The company expects to close in early January 2026.

  • Buyer
    Impel Company, Pike Street Capital
    Target
    Riverside Inc.
    Seller
    Dougherty family
    Type
    Addon

    Impel Company, a Pike Street Capital portfolio platform, has made a strategic investment in Riverside Inc., a family-owned Parma, Idaho provider of electric motor repair, pump services, well-drilling and millwright field services. The transaction is an add-on to the Impel platform intended to expand capabilities and strengthen Impel's presence across Idaho and the western U.S.

  • Buyer
    TJC, LP
    Target
    Lindsay Precast
    Seller
    MiddleGround Capital
    Type
    Buyout

    MiddleGround Capital has entered into a definitive agreement to sell its portfolio company, Lindsay Precast, to TJC, LP (formerly The Jordan Company). The transaction was later announced as closed in December 2025, with Lindsay headquartered in Gainesville, Florida, and producing prefabricated concrete and steel products for infrastructure markets.

  • Buyer
    ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership, ARC Capital 8 Limited Partnership, 2659160 Alberta Ltd.
    Target
    STEP Energy Services Ltd.
    Location
    Alberta, Canada
    Type
    Buyout

    STEP Energy Services Ltd. agreed to be taken private in an all-cash $5.50 per share transaction led by funds advised by ARC Financial Corp. The arrangement was implemented via a plan of arrangement under Alberta law and was completed on December 16, 2025.

  • Buyer
    The Colt Group, Capstreet
    Target
    Garrison Enterprise Inc.
    Type
    Addon

    The Colt Group, a Houston-based online leak repair and line intervention operator backed by private equity firm Capstreet, has acquired Garrison Enterprise Inc., a Vineland, New Jersey provider of line intervention services with operations along the U.S. East Coast. The acquisition (terms not disclosed) expands Colt's line intervention capabilities and geographic reach across its service territories while retaining Garrison's leadership team for continuity.

  • Buyer
    Alpine Power Systems
    Target
    Chicago Industrial Battery, Inc.
    Type
    Addon

    Alpine Power Systems has acquired Chicago Industrial Battery, Inc., a Chicagoland provider of motive power batteries, chargers, rentals and services founded in 2010 by Mark Calderini. The purchase expands Alpine's PowerMAX used and rental motive power battery and charger offerings and broadens the company's geographic presence in the Chicago region; Calderini will remain actively involved in the business.

  • Buyer
    Flowserve Corporation
    Target
    Greenray Turbine Solutions Limited
    Location
    Lincolnshire, United Kingdom
    Type
    Buyout

    Flowserve Corporation has acquired U.K.-based Greenray Turbine Solutions Limited for approximately $72 million in cash. The purchase expands Flowserve's aftermarket capabilities and durable revenue base in industrial gas turbines and is expected to add roughly $25 million of annual revenue.

  • Buyer
    Vessco Water
    Target
    Unico Mechanical, Bender CCP
    Type
    Addon

    Vessco Water has acquired engineered rotating-equipment specialists Unico Mechanical and Bender CCP (operating jointly as Unico-Bender). The deal, advised by Honigman, strengthens Vessco's rotating-equipment repair, heavy industrial machining, and field service capabilities for municipal, naval, and hydropower customers across the United States; terms were undisclosed.

  • Buyer
    Triton Smaller Mid-Cap Fund II (Triton)
    Target
    The James Mercer Group, Fletchers Engineering, Coat Facilities Group
    Location
    England, United Kingdom
    Type
    Buyout

    Triton Smaller Mid-Cap has established Tendra Technical Services, a new UK platform consolidating The James Mercer Group, Fletchers Engineering and Coat Facilities Group. Triton will back the platform to drive organic growth, operational improvement and further strategic acquisitions to create a national technical services provider in the built environment.

  • Buyer
    Commercial Metals Company (CMC)
    Target
    Foley Products Company, LLC
    Location
    United States
    Type
    Buyout

    Commercial Metals Company (CMC) completed its acquisition of Foley Products Company, LLC for a cash purchase price of $1.84 billion, subject to customary adjustments. Foley is a leading supplier of precast concrete and pipe products with 18 facilities across nine states, and the deal is intended to scale CMC’s precast platform and unlock synergies alongside CMC’s recently closed/ongoing precast initiatives.

  • Buyer
    Littelfuse, Inc.
    Target
    Basler Electric Company
    Type
    Buyout

    Littelfuse, Inc. announced a definitive agreement to acquire Basler Electric Company for approximately $350 million in cash (about $320 million net after expected tax benefits). The acquisition strengthens Littelfuse’s high-power controls and protection capabilities for mission-critical industrial markets including grid and utility infrastructure, power generation, and data centers. The transaction closed on December 11, 2025.

  • Buyer
    Kohlberg, Braemont Capital
    Target
    Loenbro, LLC
    Seller
    Loenbro management (retaining significant equity interests)
    Type
    Buyout

    Loenbro, LLC entered into a definitive agreement under which Kohlberg will acquire a majority stake in the company to accelerate its next phase of growth and expansion in data center and mission-critical infrastructure services. Braemont Capital and Loenbro management will retain significant equity interests, while financial terms were not disclosed.

  • Buyer
    The Rapid Group, Hidden Harbor Capital Partners
    Target
    Pumping Solutions, Inc.
    Type
    Addon

    The Rapid Group, a portfolio company of Hidden Harbor Capital Partners, acquired Pumping Solutions, Inc. The deal expands TRG’s Northeastern facility-services reach in the Northern New Jersey and New York Metropolitan market while preserving Pumping Solutions’ leadership and day-to-day operations.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Alcom Security Systems, OK-SEE Security Trailers
    Seller
    Mike McKinney, Taylor McKinney
    Type
    Buyout

    Pye-Barker Fire & Safety has acquired Oklahoma-based Alcom Security Systems and its sister company OK-SEE Security Trailers to expand its life-safety and proactive video monitoring offerings in the Oklahoma City area. The family-owned businesses, led by co-owners Mike and Taylor McKinney, will continue to serve local customers as their security, fire-alarm, access-control and mobile trailer monitoring capabilities are integrated into the Pye-Barker platform.

  • Buyer
    Weinberg Capital Group
    Target
    Pinson Valley Heat Treating Company, Inc.
    Seller
    Certain principals of Pinson Valley Heat Treating Company, Inc. (including Don Hendry and Benny Grissom)
    Type
    Buyout

    Weinberg Capital Group, a Cleveland-based family office, acquired Pinson Valley Heat Treating Company, Inc. The transaction closed on December 5, 2025; Pinson Valley’s principals (including Don Hendry and Benny Grissom) will remain involved as investors and management, and WCG intends to pursue add-on acquisitions for the business to support growth.

  • Buyer
    SupplyCo, Tecum Equity Alpha Management (TEAM), The Armstrong Group
    Target
    Precision Abrasives, D&S Tool & Supply
    Type
    Addon

    SupplyCo, the industrial-supply platform formed by Tecum Equity Alpha Management (TEAM) and The Armstrong Group, has acquired Precision Abrasives (Zelienople, PA) and D&S Tool & Supply (Mars, PA) as add-on acquisitions to expand its product line and technical capabilities. The transactions broaden SupplyCo's line card across abrasives, cutting tools and metal-removal products and bring two regional distributors into the platform.

  • Buyer
    ITT
    Target
    SPX FLOW
    Seller
    Lone Star Funds
    Type
    Buyout

    ITT reached a definitive agreement to acquire SPX FLOW for approximately $4.775 billion in cash and equity. The deal expands ITT’s Industrial Process segment position in engineered components and flow technologies and is expected to close by the end of Q1 2026.

  • December 5, 2025
    Buyer
    Nwestco, Guardian Capital Partners
    Target
    IDECO-NV, Inc.
    Type
    Addon

    Nwestco, a distributor and service provider of fueling, car-wash and EV-charging infrastructure and a portfolio company of Guardian Capital Partners, has acquired IDECO-NV, a regional service, maintenance, compliance, and testing provider for petroleum equipment headquartered in Las Vegas. The deal, advised on the sell-side by Infinity Capital Partners, expands Nwestco's technician capacity and strengthens its presence across the Intermountain / Western U.S. as the sixth add-on under Guardian's ownership.

  • Buyer
    High Performance Metal Finishing
    Target
    KEPCO, Inc.
    Type
    Buyout

    High Performance Metal Finishing has acquired KEPCO, Inc., a Vicksburg, Michigan–based metal-finishing company; the transaction closed on December 4, 2025. The acquisition expands High Performance's production capacity and technical capabilities in electropolishing, passivation, and related surface-treatment services for automotive, medical, aerospace and other manufacturing customers.

  • Buyer
    Vertiv Holdings Co.
    Target
    PurgeRite (Purge Rite Intermediate LLC)
    Type
    Buyout

    Vertiv Holdings Co. completed the acquisition of PurgeRite (Purge Rite Intermediate LLC) for approximately $1.0 billion, enhancing Vertiv's fluid management and liquid-cooling service capabilities for data centers, HPC and AI environments. PurgeRite—headquartered in Texas—brings specialized mechanical flushing, purging and filtration expertise and proprietary technologies to strengthen Vertiv's end-to-end thermal management offerings.

  • Buyer
    Acme Finishing Company
    Target
    Freedom Finishing
    Seller
    Gloria Ender, Erik Ender
    Type
    Buyout

    Acme Finishing Company of Elk Grove Village, Illinois has acquired Freedom Finishing of Benton Harbor, Michigan. The deal transfers ownership from founders Gloria and Erik Ender to Acme and expands Acme's Midwest coating capacity with Freedom's 60,000-square-foot powder and electrocoating facility; Calder Capital advised Freedom Finishing on the transaction.

  • Buyer
    Brookfield Capital Partners, Brookfield Business Partners, Brookfield Private Equity Group
    Target
    Fosber
    Seller
    Guangdong Dongfang Precision
    Location
    Italy
    Type
    Buyout

    Brookfield has agreed to acquire Fosber, a global manufacturer of high-speed corrugating machinery and industrial technology solutions for the packaging sector, in a transaction valued at approximately $900 million. The deal is structured as a carve-out from Guangdong Dongfang Precision and is expected to close in 2026, subject to regulatory approvals.

  • Buyer
    Investcorp
    Target
    Guardian Fire Services
    Seller
    Northern Lakes Capital
    Type
    Buyout

    Investcorp has acquired Guardian Fire Services, a Nashville-based provider of fire protection and life safety services, from Northern Lakes Capital. Guardian operates 17 branches across the U.S., serving commercial, industrial, healthcare and educational customers; management will remain meaningful shareholders as Investcorp supports the company's continued growth.

  • Buyer
    JDC, Kinderhook Industries
    Target
    Atlas Truck Sales, Inc., Atlas Bucket Rentals, Co.
    Seller
    Founding family / owners of Atlas
    Type
    Addon

    JDC, a portfolio company of Kinderhook Industries, acquired Atlas Truck Sales, Inc. and Atlas Bucket Rentals, Co., a family-owned provider of bucket truck and digger derrick sales and rentals based in Channelview, Texas. The add-on expands JDC's presence in the Houston/Texas market, increases regional fleet density and service capability, and was financed by a banking syndicate led by Comerica Bank.

  • Buyer
    Fremman Capital, Chequers Capital
    Target
    Bertin Technologies group (Bertin Technologies)
    Seller
    FCDE, Management (Bertin Technologies group management team), BNP Paribas Développement
    Location
    France
    Type
    Buyout

    Fremman Capital and Chequers Capital have executed a put option agreement to acquire Bertin Technologies Group, a European advanced instrumentation provider, from its majority shareholder FCDE alongside management and BNP Paribas Développement. The deal is intended to help Bertin accelerate organic growth, improve operational performance, and expand capabilities and international reach, with co-control planned alongside management subject to approvals and consultation with employee representatives.

  • Buyer
    Securitas Technology
    Target
    Sonitrol Ft. Lauderdale, Level 5 Security Group
    Type
    Buyout

    Securitas Technology has acquired Sonitrol Ft. Lauderdale and Level 5 Security Group to expand its service coverage and capabilities in Florida. The deal brings Sonitrol's cloud-based CORE platform and Level 5's four decades of regional security expertise into Securitas Technology's global security, health, and safety technology platform.

  • Buyer
    Exotic Automation & Supply
    Target
    West Michigan Rubber & Supply Co.
    Type
    Buyout

    Exotic Automation & Supply has completed steps to acquire West Michigan Rubber & Supply Co., a Muskegon-based industrial supplier of hose, rubber, and belting products. The acquisition is effective December 1, 2025 and expands Exotic Automation’s Parker Hannifin distribution footprint in West Michigan while adding capabilities in pneumatics, hydraulics, compressed air systems, and engineered solutions.

  • Buyer
    DXP Enterprises, Inc.
    Target
    Pump Solutions, Inc.
    Type
    Buyout

    DXP Enterprises, Inc. has acquired Pump Solutions, a Texas-based distributor and service provider focused on water and wastewater pumps, controls, and related repair services. The deal, announced after a definitive agreement signed December 1, 2025, expands DXP's Water platform in Texas and adds technical sales and service capabilities to its national water and wastewater footprint.

  • Buyer
    Undisclosed UK private company
    Target
    DPP
    Seller
    Maven, Maven VCTs, Maven Investor Partners
    Location
    England, United Kingdom

    Maven has exited its investment in DPP, a Southampton-based mechanical and electrical (M&E) maintenance contractor, selling the business to an undisclosed UK private company. The sale generated a reported return of between 2.1x and 2.5x cost for Maven client funds; DPP has over 180 employees and c.£19m turnover, serving large hospitality and retail clients via recurring maintenance contracts and project work.

  • Buyer
    Federal Signal Corporation
    Target
    Scranton Manufacturing Company Inc. d/b/a New Way Trucks
    Location
    United States
    Type
    Buyout

    Federal Signal Corporation completed its acquisition of Scranton Manufacturing Company Inc. d/b/a New Way Trucks, a U.S. designer and manufacturer of refuse collection vehicles. The company had signed the definitive agreement on September 24, 2025 and expects New Way to strengthen its Environmental Solutions Group specialty vehicle platform.

  • Buyer
    Intertek Group plc
    Target
    Professional Testing Laboratory, LLC (PTL)
    Type
    Buyout

    Intertek Group plc has acquired Professional Testing Laboratory, LLC (PTL), a Dalton, Georgia-based provider of flooring products testing services. The acquisition expands Intertek's Total Quality Assurance (TQA) capabilities and regional footprint in the Southeast United States, adding PTL's laboratory, 26 technical staff and complementary services to Intertek's North American testing platform.

  • Buyer
    MES Life Safety, Platte River Equity
    Target
    SeaWestern Inc.
    Type
    Addon

    MES Life Safety, a PE-backed national provider of fire, safety, and emergency response solutions, has acquired SeaWestern Inc., a Kirkland, Washington-based supplier of firefighting and safety equipment. The deal — supported by MES sponsor Platte River Equity — expands MES's presence and capabilities across the Western United States and adds regional relationships, equipment distribution, and service capabilities to the MES platform.

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