Manufacturing Acquisitions in United States

Onto Innovation Inc. completed the acquisition of key product lines from the materials analysis business of Semilab International. The deal expands Onto Innovation’s portfolio in semiconductor process control metrology and inspection, and the company noted integration of the acquired Semilab business as part of its ongoing operations.

Ryerson Holding Corporation completed its merger with Olympic Steel, Inc., with Ryerson issuing 1.7105 shares of Ryerson common stock for each share of Olympic Steel common stock; former Olympic Steel shareholders will own about 37% of the combined company. The combined metals service center business expects approximately $120 million of annual synergies by early 2028, driven by procurement, scale and efficiency gains, commercial enhancements, and footprint optimization. The combined company is expected to trade on the New York Stock Exchange under ticker “RYZ” beginning February 24, 2026.

Marvell Technology, Inc. has completed its previously announced acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. Marvell said the deal expands its switching portfolio and strengthens its scale-up connectivity capabilities for next-generation AI and cloud data center architectures, including support for its UALink scale-up switching roadmap. The transaction reduced Marvell’s cash balance by approximately $325 million and included an equity issuance; Marvell expects initial revenue contribution beginning in Q3 of fiscal 2027.

Chemical Concepts acquired Perigee Direct, a Texas-based supplier of specialty consumables for science and industrial customers. The deal expands Chemical Concepts’ product portfolio, e-commerce capabilities, and distribution footprint, with Perigee Direct’s Texas operations serving as a strategic hub to improve shipping times across the Western and Southern United States.

Patton Electronics acquired Practical Technologies Inc. (PTI) to expand its electronics manufacturing capacity and capabilities for defense, aerospace, and industrial customers. The deal adds PTI’s 20,000-square-foot Baltimore-area facility to Patton’s existing Gaithersburg, Maryland operations, broadening services such as PCB assembly, wire-and-cable, electro-mechanical assembly, and potting/encapsulation.

Dober, a specialty chemical manufacturer, acquired the Agronomy and Water Treatment businesses related to Soltellus from Lygos, Inc. The deal expands Dober’s product portfolio and brings Soltellus sales and greater manufacturing/product-development control in-house, while Lygos retains its proprietary technology and continues selling Soltellus into home and personal applications.

Nickolas Asset Management (NAM) acquired a 120,000-square-foot resin processing and materials facility from Material Difference Technologies (MDT), a Florida-based supplier and processor of plastic resins. The facility focuses on recycling and reprocessing post-consumer and post-industrial plastic scrap into reusable resin pellets, expanding NAM’s vertically integrated materials/manufacturing platform. The prior owner-operator, Jered Ingham, will remain with the business as Operating Partner and COO of the division.

MKB Company, an environmental control platform backed by Align Capital Partners, acquired US Silt & Site Supply, a manufacturer and distributor of erosion and sediment control products. The deal expands MKB’s geographic footprint in the Northeast and enhances its ability to provide localized service and faster response times while leveraging MKB’s national scale and technical expertise.

Littlejohn & Co., a private investment firm based in Greenwich, Connecticut, acquired 80/20 from MPE Partners (Morgenthaler Private Equity). 80/20, headquartered in Columbia City, Indiana, provides premium configurable modular framing solutions used in automation, productivity, and safety applications across diverse industrial end markets; financial terms were not disclosed.

Lutron Electronics acquired Tanury Industries, a surface finishing and metal coatings company that has supplied Lutron with metal faceplates for more than 25 years. Tanury will continue operating in Lincoln, Rhode Island, as Lutron brings plating and coating capabilities in-house and expands its portfolio of premium metal finishes while continuing to invest in Tanury’s capabilities for both Lutron and existing customers.

Terex Corporation completed its merger with REV Group to form a combined specialty equipment manufacturer with complementary product lines across specialty vehicles and equipment serving end markets including emergency services, waste and recycling, utilities, and construction. Following closing, REV Group shares ceased trading and the combined company continues trading on the NYSE as Terex Corporation (NYSE: TEX). The companies expect the combination to generate $75 million of run-rate synergies by 2028, with about half expected to be achieved over the next 12 months.

An affiliate of H.I.G. Capital completed the acquisition of CargoTuff, a manufacturer and distributor of load securement products used across rail, ocean, truck, and intermodal shipping. CargoTuff, founded in 2014 and headquartered in Virginia, produces products such as dunnage airbags, lashing, and strapping, and its management team led by Co-CEOs Helmut Elze and Selim Akdogan will remain in place. H.I.G. intends to support CargoTuff’s continued growth, including expanding product capabilities and its global manufacturing footprint.

Ark MFG acquired North American Kitchen Solutions' (NAKS) stainless steel custom fabrication division. The divested division includes Custom Kitchen Fabricators (Texas), Lane Manufacturing (Georgia), and Stainless Specialties Inc. (Ohio), which will continue operating independently under Ark MFG as it expands its stainless-steel fabrication platform.

Quantum Computing Inc. (QCi) completed an all-cash acquisition of Luminar Semiconductor, Inc. (LSI) for $110 million. LSI, previously a wholly owned subsidiary of Luminar Technologies, will operate as a wholly owned QCi subsidiary and is expected to add annual revenue while expanding QCi’s vertically integrated photonics and quantum technology platform with laser, detector, packaging, and manufacturing capabilities.

Columbus McKinnon Corporation has completed its acquisition of Kito Crosby Limited from funds managed by KKR. The combination is intended to create a global leader in lifting solutions, with Columbus McKinnon expecting $70 million of net annual run-rate cost synergies and improved adjusted EBITDA margins.

GE Vernova completed the acquisition of the remaining 50% stake in Prolec GE, converting its former unconsolidated joint venture with Xignux into a wholly owned business. The transaction, announced in October 2025 and closed after regulatory approvals, valued the purchased stake at $5.275 billion and was funded with an equal mix of cash and debt. Prolec GE is a major North American transformer manufacturer and services provider and will operate within GE Vernova’s Electrification segment.

Rayonier closed its previously announced merger of equals with PotlatchDeltic Corporation, creating a combined land resources and wood products company. The combined company owns more than four million acres of timberland in the United States and operates six sawmills, an industrial-grade plywood mill, real estate development activities, and a rural land sales program. The combined company will initially retain the Rayonier name and trade on the NYSE under ticker “RYN” starting February 2, 2026.

Alamo Group Inc. (NYSE: ALG) completed its acquisition of Petersen Industries on January 26, 2026, following a purchase agreement signed on December 10, 2025. Petersen manufactures specialized truck-mounted grapple loader equipment used by municipal and industrial customers. Alamo expects the deal to expand its infrastructure maintenance and vegetation management equipment portfolio and broaden Petersen’s sales reach through Alamo’s channel network.

HKW announced that its portfolio company Electric Equipment Engineering (EEE) has completed a strategic merger with Endpoint Industrial Controls. Endpoint is a Loveland, Colorado-based designer and manufacturer of low-voltage electrical products, and the combination is intended to expand product offerings and enhance service across the electrical power products market.

PRO-SET Formulated Resin Systems, LLC (PFRS), an Iron Path Capital holding company, announced the acquisition of Universal Chemicals and Coatings, Inc. (UNICHEM). The deal expands PFRS into formulated protective coatings, laminating adhesives, and related high-performance products for advanced composite and industrial applications, and represents PFRS’ third acquisition following Gougeon Brothers (May 2025) and Wessex Resins and Adhesives (Dec 2025).

JLL Partners acquired PowerParts Group (PPG), a provider of mission-critical aftermarket replacement parts and field services for gas and steam power turbines; financial terms were not disclosed. PowerParts Group—formed in 2020 and operating through STAR Turbine and Thor Precision—will serve as the foundation for JLL’s new engineering-centric power generation components platform, with plans to expand through organic investment and add-on acquisitions. Mangrove Equity Partners sold the business after building the platform via the acquisitions of STAR Turbine (2020) and Thor Precision (2023).

Graham Corporation (NYSE: GHM) acquired 100% of FlackTek Manufacturing, LLC and FlackTek Sales, LLC (together, FlackTek) for a $35 million base purchase price, paid 85% in cash and 15% in Graham common stock (75,818 shares), with up to $25 million in performance-based cash earnouts over four years starting in fiscal 2027. FlackTek, headquartered in Louisville, Colorado (with a satellite site in Greenville, South Carolina), expands Graham’s engineered products portfolio into advanced mixing and material processing, establishing advanced materials processing as Graham’s third core platform.

Funds affiliated with American Industrial Partners (AIP) completed the acquisition of International Paper’s Global Cellulose Fibers (GCF) business for $1.5 billion, establishing GCF as a newly independent company. GCF, headquartered in Memphis, Tennessee, produces absorbent fluff pulp and other papergrade/specialty pulp used in personal care, tissue and towel, and certain industrial/building products; the operations sold generated approximately $2.3 billion of revenue in 2024 and employ about 3,300 people globally.

Tide Rock acquired Analog Technologies to expand its electronics manufacturing services (EMS) platform and deepen capabilities for regulated end markets such as aerospace and defense. Analog Technologies, based in Burnsville, Minnesota, adds A&D-certified manufacturing capacity and specialized PCBA design/engineering and high-performance interconnect capabilities, operating alongside Tide Rock portfolio company Pro-Active Engineering.

Federal Signal Corporation completed its acquisition of Mega Corp., a manufacturer of specialty vehicles and equipment used in global metal extraction and construction markets, following a definitive agreement signed on December 18, 2025. Federal Signal said the deal strengthens its specialty vehicle platform alongside its Ground Force and TowHaul businesses and is expected to be accretive to earnings and cash flow in 2026. At signing, the purchase price was stated as $45.5 million in cash (subject to post-closing adjustments) and included Mega’s manufacturing facility in Albuquerque, New Mexico.

Polycorp, a manufacturer of engineered elastomer solutions and a portfolio company of Arsenal Capital Partners, acquired Iron Horse Engineering Company, a rail-industry specialist known for inventing the original rail boot and for embedded track technologies. The deal expands Polycorp’s rail product portfolio and engineering capabilities by combining complementary technologies, broader geographic reach, and enhanced design/project support for light- and heavy-rail applications.

ProClip USA announced the acquisition of INOVATIV, a premium cart and workflow support systems brand used by creative and technical professionals. The combination is intended to accelerate product development, integrate complementary mounting and mobility technologies, and expand into additional professional industries.

Michelin completed its acquisition of Cooley Group, a Rhode Island-headquartered manufacturer of high-performance polymer coated fabrics. The deal, previously announced on January 2, 2026, was financed through Michelin’s available cash and closed after receipt of all necessary approvals, with the combination positioned as a global leader in industrial coated fabrics.

Diligent Inc acquired Quasi Robotics for an undisclosed amount, taking full ownership of the U.S.-based developer of autonomous mobile robots (AMRs) for material and supply delivery in facilities. The deal expands Diligent Inc’s presence in industrial automation and robotics by adding Quasi Robotics’ AMR technology, including its Model C2 robotic carts, to Diligent’s portfolio.

KI Wall, a division of KI, announced the acquisition of Custom Glass Products, LLC–Wisconsin (CGP-WI), a Wausau, Wisconsin-based glass fabricator. The deal is intended to strengthen KI Wall’s fabrication alignment and capabilities for storefront and glass-intensive architectural wall system applications. CGP-WI will continue to operate as a standalone business with no changes to customer relationships or day-to-day operations.

Allegheny Petroleum Products, a U.S. manufacturer of specialty lubricants and fuel additives, has acquired McNutt Oil Company, a lubricant and fuel distributor based in Maryville, Tennessee. The privately held transaction terms were not disclosed, and Allegheny Petroleum will retain McNutt’s employees, facilities, and ongoing operations while planning to add manufacturing/blending capabilities at the Maryville site in 2026.

BSM Acquisition, LLC (Cincinnati, Ohio) acquired Bauer Sheet Metal and Fabricating Inc., a family-owned metal fabricator based in Muskegon, Michigan. The deal closed in October and was advised by Calder Capital, enabling owners Mike and Pat Bauer to retire while supporting continued growth under new ownership; financial terms were not disclosed.

Arcadia Paper Mills, LLC completed the acquisition of the former Boise paper mill property at 1300 Kaster Road in St. Helens through a purchase agreement with the City of St. Helens. The deal is intended to support reactivation of the industrial site, with Arcadia planning to restart operations and manufacture paper towels and napkins using a locally hired workforce.

LightPath Technologies, Inc. acquired the assets of Amorphous Materials, Inc. (AMI) for $7.0 million in cash, plus up to $3.0 million in milestone-based equity consideration. The deal adds AMI’s proprietary large-diameter chalcogenide glass melting technology and additional NDAA-compliant manufacturing capacity, expanding LightPath’s capabilities in infrared optics for defense and commercial applications.

SouthWorth Capital Management, a Memphis-based family office, acquired American Furniture Manufacturing (AFM) and its family of companies. AFM is a vertically integrated producer of upholstered residential furniture (including leather offerings) headquartered in Ecru, Mississippi, operating through subsidiaries Peak Living, Independent Furniture Supply, Delta Furniture Manufacturing, and Southern Fibers. Financial terms were not disclosed, and SouthWorth plans to support operational improvements and growth to expand AFM’s market reach.

McDanel Advanced Materials and Richland Glass, both portfolio companies of Artemis, completed a strategic merger to create a more integrated materials-science platform combining advanced ceramics, optical technologies (Rayotek), and specialty glass manufacturing. The combined organization will offer a broader portfolio of engineered materials and components for mission-critical, extreme-environment applications across aerospace, defense, life science, semiconductor, and diversified industrial markets. Financial terms were not disclosed and both businesses will continue operating with the same teams and facilities.

Plasticade, a portfolio company of Radial Equity Partners, acquired Mr. Chain to expand its presence in the safety market and broaden its traffic safety, crowd-control, and barrier product lineup. Mr. Chain, founded in 1960 by the Russo family, manufactures plastic chains, stanchions, delineators, cones, and related accessories and is headquartered in Solon, Ohio. Terms of the transaction were not disclosed.

MIRATECH, a Tulsa, Oklahoma-based provider of emissions and acoustic control solutions for stationary engines, acquired Advanced Catalyst Systems (ACS), a Maryville, Tennessee-based manufacturer of catalyst technologies and emissions control systems. The transaction expands MIRATECH’s U.S. catalyst manufacturing capacity and strengthens its East Tennessee footprint by integrating operations across Knoxville and Maryville. MIRATECH expects the combination to improve delivery speed and supply chain resilience while accelerating development of next-generation catalyst solutions as emissions standards tighten; financial terms were not disclosed.

AIM Investment Group (AIM IG) acquired Micro Forms, Inc., a Garland, Texas-based precision metal stamping, tool-and-die engineering, and metal fabrication manufacturer founded in 1967. Micro Forms will continue operating under its existing name and structure as a standalone business within AIM IG’s industrial portfolio, with the deal framed as a long-term stewardship transition and growth investment support.

Canerector has acquired Liberty Casting, an American cast iron foundry headquartered in Delaware, Ohio. Liberty Casting operates two facilities producing gray and ductile iron castings, and will join Canerector’s network as part of its Foundrion Group to expand capabilities and support continued investment in people and facilities.

On January 14, 2026, Primient acquired Primient Covation for an undisclosed amount. The deal fully integrates Primient Covation, a producer of Susterra and Zemea 1,3-propanediols, and is intended to expand Primient’s capabilities in sustainable, plant-based ingredients and bio-based chemistry.

Main Street Capital Corporation fully exited its debt and equity investments in KBK Industries, LLC following the sale of KBK to an unnamed strategic acquiror. KBK, founded in 1975 and headquartered in Rush Center, Kansas, manufactures large-volume aboveground and belowground fiberglass and steel tanks serving diversified end markets across the United States.

Amphenol Corporation completed its previously announced acquisition of CommScope’s Connectivity and Cable Solutions (CCS) segment, expanding Amphenol’s fiber optic and industrial interconnect offerings across data communications, communications networks, and building infrastructure connectivity markets. CommScope said proceeds (net of fees and expenses) will be used to repay all outstanding debt and redeem preferred equity held by Carlyle, and it plans to distribute excess cash to shareholders via a dividend. Following the sale, CommScope will rename the remaining parent company to Vistance Networks, while the CommScope name and brand will convey with CCS.

Daboosh Investments, LLC, a Cleveland-based independent sponsor, has completed the acquisition of GS Industries of Bassett, Ltd (GSIB), a custom injection molding manufacturer headquartered in Bassett, Virginia. Halifax West served as Daboosh’s exclusive financial advisor, led the debt financing process, and also participated as a minority co-investor in the transaction.

Threadlock Precision, a U.S.-based network of precision manufacturing companies backed by The D. E. Shaw group, acquired Kremin Inc., a CNC machining business based in Frankenmuth, Michigan. Kremin serves aerospace, defense, and medical markets and adds specialized tight-tolerance and Swiss machining capabilities to Threadlock Precision’s growing aerospace and defense-focused manufacturing network.

National Manufacturing Group announced the acquisition of J.M. Hutton & Co., a Richmond, Indiana–based manufacturer founded in 1863. The deal expands National Manufacturing Group’s metal fabrication and finishing capabilities—adding stamping, laser cutting, in-house fabrication, and automated powder coating—to support its vertical integration strategy in operator cab and structural component manufacturing.

Control Devices, a portfolio company of HBM Holdings, acquired Sherwood Valve to broaden its compressed gas flow control offering across industrial, specialty, high-purity and medical gas applications. Sherwood Valve, founded in 1928 and operating in Cleveland, Ohio and Pittsburgh, Pennsylvania, manufactures compressed gas valves and flow control components and is described as the leading North American manufacturer of industrial cylinder valves. Financial terms were not disclosed, and approximately 75 Sherwood employees are expected to join Control Devices as part of the transaction.

TerraVest Industries Inc. acquired KBK Industries, LLC, a Houston, Texas-based manufacturer of fiberglass and steel aboveground and underground storage tanks serving convenience-store, agricultural, chemical, infrastructure, and energy end markets. The deal was completed on January 9, 2026 for US$90.0 million in cash (subject to a working capital adjustment ~90 days post-closing) and was funded using TerraVest’s existing credit facility. Sellers included Ashland Capital Partners and its long-time investment partner Main Street Capital Corporation.

ProSys Fill LLC announced it has purchased Pendergraph Machines to broaden its filling and labeling equipment offerings and expand into complementary end markets. ProSys (based in Webb City, Missouri) and Pendergraph (based in Durham, North Carolina) serve similar customers with different filling solutions, and the acquisition is intended to drive growth by leveraging both companies’ strengths.

Bridgeport Magnetics Group, Inc., a designer, manufacturer, and distributor of magnetic components and transformer solutions, was sold to an individual buyer in a transaction that closed on January 8, 2026. The company is headquartered in Shelton, Connecticut, and operates business units including Alpha-Core, Tortran, and Goertz Audio. Generational Group served as M&A advisor to Bridgeport Magnetics Group on the sale.

Radial Equity Partners acquired Cortina, a manufacturer of traffic and work zone safety products, and will combine it with Radial’s existing portfolio company, Plasticade. The transaction brings together two established traffic safety brands to expand product offerings and manufacturing capabilities, while maintaining the brands independently. The Giannelli family (Cortina’s founding family) will retain an ownership stake following the deal.

Atmus Filtration Technologies Inc. closed its acquisition of Koch Filter Corporation from Air Distribution Technologies, Inc. (ADTi), a Truelink Capital portfolio company, for approximately $450 million in cash (subject to customary purchase price adjustments). The deal expands Atmus into industrial air filtration end-markets including commercial and industrial HVAC, data centers, and power generation, and establishes Atmus’ new Industrial Solutions segment.

Cleanova, a global manufacturer of advanced industrial filtration solutions and a portfolio company of PX3 Partners, acquired U.S.-based Airflotek and TES-Clean Air Systems. The acquisitions expand Cleanova into ultra-clean controlled environment and cleanroom air filtration systems serving semiconductor, pharmaceutical, and biotechnology end markets; the two acquired businesses will be merged into a single entity within Cleanova.

DwyerOmega, a portfolio company of Arcline Investment Management, acquired Burns Engineering to expand its precision temperature measurement product offering. Burns Engineering, founded in 1965 and headquartered in Eden Prairie, Minnesota, provides certified, metrology-grade temperature measurement solutions used in markets including biopharma, food processing, and calibration laboratories; financial terms were not disclosed.

Cleanova, an industrial filtration platform owned by private equity firm PX3 Partners, acquired U.S.-based Airflotek and TES-Clean Air Systems. Airflotek manufactures custom cleanroom air filtration and controlled-environment systems, while TES-Clean Air Systems is the exclusive distributor of Airflotek products. The acquisitions expand Cleanova into ultra-clean controlled-environment markets serving semiconductor manufacturing, biotechnology, and pharmaceuticals.

Cleanova, a global manufacturer of advanced industrial filtration solutions owned by private equity firm PX3 Partners, acquired U.S.-based Airflotek and TES-Clean Air Systems. Airflotek designs and manufactures custom air filtration and controlled-environment systems for cleanrooms, while TES-Clean Air Systems is the exclusive distributor of Airflotek products. The acquisitions expand Cleanova into ultra-clean controlled environment markets serving semiconductor manufacturing, pharmaceuticals, and biotechnology.

Currier Plastics, a portfolio company of Sheridan Capital Partners, completed the acquisitions of Springboard Manufacturing and MOS Plastics, two medical/life sciences-focused contract manufacturers. The add-on deals expand Currier’s cleanroom capacity and contract manufacturing capabilities and establish a stronger West Coast footprint. Financial terms were not disclosed; Springboard’s prior owner HC Private Investments became a material shareholder in Currier as part of the transaction.

ATL Partners acquired SkyMark Companies and Rampmaster and is combining the two businesses to form a global specialty vehicle equipment platform focused on aviation refueling solutions and ground support equipment (GSE). As part of the transaction, both management teams are expected to retain leadership roles and roll meaningful equity into the combined company. SkyMark was previously owned by Sky Island Capital, and financial terms were not disclosed; A&M Capital Strategic Investments also made a minority investment alongside ATL to support the acquisitions and combination.

New Directions Aromatics, a TruArc Partners portfolio company, announced a combination with (and acquisition of) Aromatic Fragrances International, an e-commerce-enabled B2B fragrance supplier. The deal expands New Directions’ U.S. footprint and creates a digitally enabled specialty ingredients platform serving beauty, personal care, home fragrance/home care and other consumer end markets; terms were not disclosed.

Novae, a North American manufacturer of open and enclosed cargo trailers and truck bodies, has acquired Aluma, a long-standing aluminum trailer manufacturer founded in 1992. The transaction expands Novae’s aluminum product offering and strengthens its dealer-distributed portfolio across North America, with Aluma continuing to operate under CEO Mike Lloyd and its existing management team from its headquarters in Bancroft, Iowa.

Evolution Metals & Technologies completed a business combination with special purpose acquisition company Welsbach Technology Metals Acquisition Corp., forming a newly created public company focused on a vertically integrated critical-minerals supply chain (including rare earth magnets and battery materials). The combined company will operate as Evolution Metals & Technologies Corp. and is expected to begin trading on the Nasdaq Global Market on January 6, 2026 under the ticker symbol EMAT.

Windjammer Capital acquired MFG Chemical, a Chattanooga, Tennessee-based developer and manufacturer of specialty chemicals serving end markets including water treatment and industrial coatings. MFG was purchased from Platte River Equity (deal closed December 31, 2025), with financial terms not disclosed. Windjammer plans to support MFG’s growth through operational excellence initiatives, product development, end-market expansion, and potential strategic acquisitions.

On January 6, 2026, Mississippi Lime Company (MLC) completed the acquisition of Burnett, Inc., a provider of lime slurry systems, services, and process technologies used primarily in municipal water treatment. The deal includes Burnett’s four Southeast U.S. operations, trucking operations, and proprietary offerings such as CAL~FLO liquid lime solutions and the RE~MIN PROCESS; financial terms were not disclosed. Burnett was previously owned by members of the Burnett family, and MLC is privately held by HBM Holdings Company.

World Resource Solutions, Corp. (WRS), a tooling and program management company serving the injection mold market and automotive supply chain, was acquired by an individual buyer. The transaction, advised by Generational Group, closed on January 6, 2026, and WRS is headquartered in Plain City, Ohio.

ADDMAN Engineering LLC (ADDMAN), a portfolio company of American Industrial Partners, acquired Forecast 3D, a Carlsbad, California-based polymer additive manufacturing business/division of GKN Powder Metallurgy. Forecast 3D will be integrated into ADDMAN’s Polymer division, expanding powder-based polymer capabilities (including SLS and MJF), digital quoting/customer support infrastructure, and ADDMAN’s West Coast footprint alongside its Dinsmore facility. The transaction closed on December 31, 2025 (with completion reported in early January 2026).

Threaded Fasteners Inc. (TFI) acquired TSA Manufacturing Inc., a fastener manufacturer based in Omaha, Nebraska, with the transaction closing on January 5, 2026. The deal strengthens TFI’s vertical integration by bringing in-house specialized fastener products it previously purchased for distribution, enhancing supply-chain control and operational efficiency across construction and manufacturing end markets.

Brodie Generational Capital Partners (BGCP) acquired Sur-Seal, LLC from Heartwood Partners III, LP (Fund III) and affiliated entities. Sur-Seal is an engineered sealing, thermal management, and advanced materials converting solutions provider serving end markets including electric vehicle/mobility, HVAC, medical, and industrial technology; transaction terms were not disclosed.

Element Solutions Inc (NYSE: ESI) completed its previously announced acquisition of EFC Gases & Advanced Materials (EFC). EFC will operate as a standalone business unit within Element Solutions’ newly renamed Specialties Segment, adding capabilities in specialty and rare gases and advanced materials serving semiconductor manufacturing, electrical transmission infrastructure, and space applications.

Technip Energies completed the $556 million acquisition of Ecovyst Inc.’s Advanced Materials & Catalysts (AM&C) segment, adding a specialty catalysts and advanced materials platform. The acquired business includes Advanced Silicas and Zeolyst International (a joint venture with Shell Catalysts & Technologies) and operates with dedicated R&D, manufacturing, and commercial teams across three facilities in the United States and Europe. Ecovyst expects approximately $530 million of net proceeds after taxes and transaction expenses and used $465 million at closing to pay down its term loan.

Berkshire Hathaway has completed the acquisition of OxyChem from Occidental for $9.7 billion, subject to customary post-closing purchase price adjustments. Headquartered in Dallas, Texas, OxyChem is a leading U.S.-based producer of essential chemicals, including PVC, chlor-alkali, chlorinated organic chemicals, and calcium chloride, with operations across the U.S., Canada, and Latin America. OxyChem will continue to be led by its president and CEO, Wade Alleman.

Astec Industries, Inc. completed its acquisition of CWMF, LLC for $67.5 million in cash on a cash-free, debt-free basis. The deal adds approximately $50 million of annual revenue and expands capacity within Astec’s Infrastructure Solutions segment, with management expecting margin expansion, EPS accretion, and synergies by the end of the first year.

Allison Transmission Holdings, Inc. completed the acquisition of Dana Incorporated’s Off-Highway Drive & Motion Systems (Off-Highway) business for approximately $2.7 billion, with closing effective January 1, 2026. Dana expects to use proceeds primarily to reduce about $2 billion of debt and return about $1 billion to shareholders through 2027, while Allison expands its off-highway and industrial footprint and organizes the combined enterprise under the Allison name.

Crane Company completed its acquisition of Precision Sensors & Instrumentation (PSI) from Baker Hughes (including the Bently Nevada business) effective January 1, 2026. The final purchase price was approximately $1.06 billion (often cited as about $1.1 billion) and provides Crane 100% ownership of Panametrics, LLC, the core entity of PSI, expanding Crane’s sensor-based technologies presence across aerospace, nuclear, and process end markets.

E.P. Gerber & Sons, a wooden products manufacturer, has acquired Solid Dimensions, a Norwalk, Ohio-based supplier of USA-made wooden promotional products. Solid Dimensions will continue operating under its name as part of E.P. Gerber’s promotional products division, with co-founder Tim Parcher staying on as general manager during the transition. Financial terms were not disclosed.

Mangrove Equity Partners announced the sale of Vintage Air, a designer and manufacturer of aftermarket air conditioning systems for classic and late-model cars and trucks. The buyer was not disclosed in the announcement. During Mangrove’s ownership, Vintage Air completed an add-on acquisition of AC Solutions to expand product capabilities and market reach.

LongueVue Capital (LVC) announced a partnership with Saelens, a precision manufacturing platform focused on highly automated CNC machining and strategic/global sourcing for OEM customers across industrial end markets. Saelens, founded in 1974 and headquartered in Johnson Creek, Wisconsin, operates two manufacturing facilities in Wisconsin and serves customers under the Diamond Precision Products and Coupling Nut Supply trade names, with global sourcing via its Lembak Global Sourcing subsidiary.

B&D Fabricators (an Entegra Attachments company) acquired Leading Edge Attachments Inc., a Hubbardston, Massachusetts-based supplier of patented frost and rock ripping buckets and other heavy equipment attachments. The deal expands Entegra’s heavy attachments growth platform and adds Leading Edge’s specialized product line and engineering expertise to B&D’s broader standard and custom attachments offering.

EverZinc Corporation, a global provider of specialty zinc materials, has completed a transaction to be acquired by affiliates of Cerberus Capital Management, L.P. As part of the deal, Cerberus affiliates made a significant capital commitment to support EverZinc’s future growth, innovation, and global expansion.

Carsoe acquired Ryco Equipment, a provider of seafood processing solutions and technology, with the transaction effective immediately. The deal expands Carsoe’s product portfolio and strengthens its ability to serve seafood processing customers in the United States and globally through combined capabilities and local support.

Patrick Industries, Inc. completed the acquisitions of Quality Engineered Services (QES) and Egis Group, LLC to expand its marine market presence and engineered electrical capabilities. QES manufactures wire harnesses and electrical systems for marine and RV applications, while Egis develops engineered electrical components and system-level solutions for marine and specialty vehicles. The two businesses had combined trailing 12-month revenue of approximately $39 million through November 2025 and will continue operating under their existing brands and facilities.

Salt Creek Capital acquired Northrock Industries, Inc., a manufacturer of American-made industrial construction tools such as concrete vibrators and ceiling grinders. Northrock, founded in 1992 and headquartered in Bohemia, New York, will be led by incoming CEO Bret Schmitz following the exit of co-founder and president Brian Robertson.

Arclin, a materials science company headquartered in Alpharetta, Georgia, has completed its acquisition of The Willamette Valley Company (WVCO). WVCO is an engineered solutions provider and manufacturer/distributor of custom chemistry-based products and services across wood products, railroad, concrete repair, transportation, infrastructure, and consumer products, adding eight facilities and roughly 500+ employees to Arclin’s footprint.

Continuim Equity Partners (via Continuim Equity Partners Fund II, LP) has acquired MindCore Technologies, Inc., a manufacturer of high-voltage and extra-high-voltage switching solutions for electric utilities. MindCore’s founder and management team will remain active shareholders alongside Continuim, which plans to expand manufacturing capacity and potentially open a new production facility in the United States.

MiddleGround Capital announced the closing sale of its portfolio company, Lindsay Precast, to TJC, LP (formerly The Jordan Company). Lindsay Precast, headquartered in Gainesville, Florida, manufactures prefabricated concrete and steel products for infrastructure end markets; MiddleGround highlighted operational and footprint expansions during its ownership, including the 2022 acquisition of Dutchland Incorporated.

Mobile Concepts Specialty Vehicles acquired Molly Corporation, a family-owned manufacturer of the Molly Trolley headquartered in Wells, Maine. The transaction closed on December 16, 2025, with Generational Group serving as advisor to Molly Corporation.

Levine Leichtman Capital Partners (LLCP) partnered with management to acquire USA Industries, LLC from Sky Island Capital; financial terms were not disclosed. USA Industries, founded in 1982, manufactures industrial flow control, piping isolation, and testing products (including tube plugs and related devices) serving refinery, chemical, industrial, and pharmaceutical end markets. The company will continue to be led by CEO Justin Watts and is a platform investment for LLCP Lower Middle Market Fund III, L.P.

Sound Growth Partners (SGP), together with co-investors, acquired Sports Attack, LLC on December 15, 2025 using SGP’s “One-Stop Buyout” structure. Sports Attack, headquartered in Verdi, Nevada, manufactures high-velocity sports training equipment such as pitching machines for baseball/softball and training machines for volleyball and football.

Metromont, LLC announced it will acquire Heldenfels Enterprises, Inc., a Texas-based producer of precast and prestressed concrete products. Metromont will purchase the company from founder Fred Heldenfels IV and other shareholders, and Heldenfels will operate as “Heldenfels Enterprises, a Metromont Company” effective December 15, 2025.

Detroit Manufacturing Systems, LLC (DMS) closed its previously announced acquisition of Android Industries, LLC and Avancez, LLC, combining the three businesses into a newly formed global manufacturing and assembly company, Voltava, LLC. Voltava is headquartered in Auburn Hills, Michigan, and is wholly owned by Bruce Smith, who will serve as Chairman and CEO. The combined company employs about 5,400 people across 21 global locations and serves end markets including automotive and industrial manufacturing.

Union Park Capital, a Boston-based private equity firm, has completed the acquisition of GAM Enterprises, a manufacturer of high-precision gear reducers, couplings, and custom motion control and automation solutions. The deal launches Union Park’s new precision motion control platform focused on benefiting from growth in industrial automation and robotics. Transaction terms were not disclosed, and GAM’s president Craig Van den Avont will continue to lead the business as CEO of the platform.

StoneTree Investment Partners made an undisclosed investment in Reel Power International Corp., an Oklahoma City, Oklahoma-based manufacturer of engineered, automation-enabled winding, spooling, and flexible material-handling equipment. The transaction was structured as a sale from prior owner Praesidian Capital (which had partnered with Dubin Clark in 2023) to StoneTree, with Mesirow advising Reel Power and McGuireWoods advising StoneTree.

Littelfuse, Inc. acquired Basler Electric Company, a family-owned designer and manufacturer of electrical control and protection solutions, for approximately $350 million in cash. The transaction closed on December 11, 2025, and Basler will operate within Littelfuse’s Industrial Segment to strengthen its high-power application capabilities in markets including grid and utility infrastructure, power generation, and data centers.

TARAtps, a South Korea-based printing company, announced the full acquisition of Illinois-based commercial printer Chicago Offset, which will operate as a wholly owned subsidiary while retaining its brand. In connection with the deal, TARAtps also established TARA USA as its first overseas corporate entity to coordinate North American operations and implement a dual-production system spanning South Korea and the United States.

Value Added Distributors (VAD) acquired L.T.L. Supply (LTL), a Green Bay, Wisconsin-based manufacturer and distributor of custom wire harnesses and electrical assemblies. The deal expands VAD’s manufacturing capabilities and electrical solutions offering, and represents VAD’s first acquisition since partnering with Rotunda Capital Partners in 2024.

HNI Corporation completed its acquisition of Steelcase Inc., combining two workplace furnishings industry leaders. Steelcase shareholders received a mix of cash and HNI stock (with multiple election options), and Steelcase will continue to be headquartered in Grand Rapids, Michigan following the closing.

Arcline Investment Management acquired Altronic, LLC from HOERBIGER Group. Altronic, founded in 1955 and headquartered in Girard, Ohio, supplies advanced ignition, control, and instrumentation systems for critical infrastructure industrial power systems, serving OEMs and operators across energy, power generation, and other industrial markets.

Solve Industrial Motion Group (Solve) announced it has acquired D&D Global, Inc., a vertically integrated U.S. manufacturer of power drive belts. D&D Global, headquartered in Rock Valley, Iowa, manufactures V-belts and timing belts and offers more than 35,000 belt configurations, expanding Solve’s manufacturing and power transmission capabilities.

Fortifi Food Processing Solutions ("Fortifi") completed its acquisition of Provisur Technologies, a provider of further-processing equipment and solutions for the protein industry. The deal expands Fortifi’s end-to-end food processing automation offering by adding Provisur’s downstream capabilities (e.g., grinding, forming, slicing, tumbling) and strengthens Fortifi’s global service and aftermarket network.

Zeeco, a Tulsa, Oklahoma-based combustion and environmental solutions provider, acquired Devco Process Heaters, a Tulsa-based fired-heater design and technology company, to expand its capabilities in the U.S. midstream oil and gas market. Finalized on December 5, 2025, the deal included Devco’s brand, products, and technical expertise, and Devco’s employees—including owner Jeff Hutsell—joined Zeeco in new and expanded roles.

CFS Brands acquired Cornerstone Foodservice Group (CFG), a Naperville, Illinois-based global foodservice equipment company. CFG’s portfolio includes Spring USA, Equipex, LloydPans, Astra (Astra Manufacturing), and Versa-Gard, which will continue operating as stand-alone entities within CFS Brands following the acquisition.