Acquisitions in Wisconsin

  • Buyer
    Radial Equity Partners
    Target
    Thomas Precision Machining
    Seller
    Kevin Nyara (Outgoing CEO and Owner of Thomas Precision Machining)

    Radial Equity Partners announced an investment in Thomas Precision Machining (TPM), forming a strategic partnership to support the industrial components provider’s continued growth and operational expansion. The deal includes leadership changes, with Tom Goeke (former CEO of Milacron and Klöckner Pentaplast) serving as Chairman; financial terms were not disclosed.

  • Buyer
    AeriTek Global Holdings LLC, Mill Point Capital LLC
    Target
    Federal Industries, LLC
    Seller
    Standex International Corporation
    Industry
    Manufacturing
    Type
    Addon

    AeriTek Global Holdings, a Mill Point Capital portfolio company, acquired Federal Industries in a carve-out transaction from Standex International. The deal strengthens AeriTek’s U.S. foodservice equipment position by adding vertically integrated manufacturing capacity in Belleville, Wisconsin and expanding dealer/distribution relationships.

  • Buyer
    Power Solutions International
    Target
    MTL Manufacturing & Equipment
    Type
    Buyout

    Power Solutions International has acquired MTL Manufacturing & Equipment, a Beloit, Wisconsin-based metal and steel fabricator that produces components for power generation systems, including data centers. The deal purchases 100% of MTL’s outstanding stock and is expected to strengthen Power Solutions’ competitive position in the data center market through vertical integration and improved supply chain control. Financial terms were not disclosed, and MTL’s management team will continue to lead operations post-transaction.

  • Buyer
    Quantum Surgical, Precision IO Group Inc., Ally Bridge Group
    Target
    NeuWave Medical
    Industry
    Medical Devices
    Type
    Buyout

    Quantum Surgical has acquired NeuWave Medical and combined both businesses under a newly created parent, Precision IO Group Inc., to expand a robotic-assisted tumor ablation platform. The deal is supported by investment from Ally Bridge Group and aims to integrate Quantum Surgical's Epione robotic system with NeuWave's microwave ablation technology to broaden access to minimally invasive interventional oncology care.

  • Buyer
    Tavoron
    Target
    Doig Corporation
    Type
    Addon

    Tavoron, a national automation and industrial solutions provider, acquired Doig Corporation, a factory automation distributor headquartered in Cedarburg, Wisconsin. The deal expands Tavoron’s automation distribution presence in the Upper Midwest and adds complementary product and application-level expertise to its platform.

  • Buyer
    On Track Partners
    Target
    Carey's Seamless Gutters & Overhead Doors
    Seller
    Dan Carey, Becky Carey
    Type
    Addon

    On Track Partners has acquired Carey's Seamless Gutters & Overhead Doors, a Wisconsin-based provider of seamless gutter systems and garage door installation, service, and repair. The acquisition expands On Track Partners' garage door services platform across the Midwest; Carey's will continue operating under its existing name with its leadership and employees remaining in place.

  • Buyer
    Leo, Orion Group
    Target
    Bevara Building Services, Blackfin
    Seller
    John Pauley (former owner of Blackfin)
    Type
    Addon

    Leo, an Orion Group-backed facilities services network, announced major investments that effectively merge Bevara Building Services and Blackfin into its expanding national platform. The combined operation integrates nearly 300 on-site building engineers across the United States to deepen Leo’s enterprise service capabilities.

  • February 16, 2026
    Buyer
    PlayPower, Platinum Equity
    Target
    BCI Burke
    Type
    Addon

    PlayPower signed a definitive agreement to acquire BCI Burke, a commercial playground equipment manufacturer. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.

  • Buyer
    Keller
    Target
    Hoffman Planning, Design & Construction, Inc.
    Seller
    Sam Statz (former owner)
    Industry
    Construction
    Type
    Buyout

    Keller, a Kaukauna, Wisconsin–based design-build general contractor, has acquired Appleton-based Hoffman Planning, Design & Construction, Inc. Hoffman will operate as “A Keller Company” while retaining its brand and local office; leadership changes include Sam Statz moving to a business development role and Chad Ulman leading Hoffman. The combination aims to bring complementary markets and expand Keller’s project delivery and design-build capabilities while preserving operational continuity.

  • Buyer
    KI Wall (division of KI)
    Target
    Custom Glass Products, LLC–Wisconsin
    Seller
    Eric Reeder (owner of Custom Glass Products, LLC–Wisconsin)
    Type
    Buyout

    KI Wall, a division of KI, has acquired Wausau-based glass fabricator Custom Glass Products, LLC–Wisconsin (CGP-WI). The acquisition strengthens KI Wall's fabrication alignment for storefront and glass-intensive wall systems, improving lead times, customization and responsiveness while CGP-WI will continue to operate as a standalone business.

  • Buyer
    Source One Staffing
    Target
    TempsNow
    Seller
    Scott Polen
    Industry
    Staffing & HR
    Type
    Buyout

    Source One Staffing has acquired regional staffing firm TempsNow to expand its Midwest footprint and deepen coverage in industrial end markets including manufacturing, logistics and warehousing. Financial terms were not disclosed; TempsNow employees will join Source One and the combined organization will operate under the Source One Staffing brand.

  • Buyer
    HLM Investment Partners, Escalate Capital Partners, RVM Enterprises, SV Health Investors
    Target
    HPS/PayMedix

    HPS/PayMedix closed $33 million of equity and debt financing to accelerate national growth of its healthcare financing and payments platform. The round was led by HLM Investment Partners ($16M growth equity) and included Escalate Capital Partners (providing a $17M term debt facility), RVM Enterprises, and existing investor SV Health Investors.

  • Buyer
    Captura
    Target
    Studio Source Yearbooks
    Industry
    Education
    Type
    Buyout

    Captura, a software platform serving high-volume photography studios, has acquired Studio Source Yearbooks to integrate yearbook production support and operational execution into Captura’s ecosystem. The acquisition brings Studio Source’s yearbook operations, administrative dashboard, ecommerce, printing and fulfillment capabilities into Captura to streamline yearbook workflows and reduce administrative burden for studios and schools.

  • January 6, 2026
    Buyer
    PPC
    Target
    NaturPak
    Seller
    Trivest Partners
    Industry
    Food & Beverage
    Type
    Buyout

    PPC, a family investment firm based in Chicago, has acquired NaturPak, a Janesville, Wisconsin-based co-manufacturer of bone broths, soups, sauces, wet pet food and ingredient products. NaturPak's CEO Aaron Jackson will continue to lead the business as PPC supports growth through investments in R&D, product development, capability expansion and new packaging formats; terms were not disclosed.

  • Buyer
    Royal FrieslandCampina N.V.
    Target
    Wisconsin Whey Protein
    Industry
    Food & Beverage
    Type
    Buyout

    Royal FrieslandCampina N.V. has successfully closed its acquisition of Wisconsin Whey Protein, a US-based producer of whey protein isolates. The acquired business will be integrated into FrieslandCampina’s Ingredients group to expand whey protein capacity and extend FrieslandCampina’s presence in North America.

  • Buyer
    Bank First Corporation
    Target
    Centre 1 Bancorp, Inc.
    Type
    Buyout

    Bank First Corporation (holding company of Bank First, N.A.) completed its acquisition of Centre 1 Bancorp, Inc., the parent company of The First National Bank and Trust Company, in an all-stock transaction. The deal expands Bank First’s services into trust and wealth management and increases its footprint across Wisconsin and the Stateline area of Illinois.

  • Buyer
    LongueVue Capital, Royal Oak Realty Trust
    Target
    Saelens
    Industry
    Manufacturing

    LongueVue Capital (LVC) has recapitalized Saelens, a Johnson Creek, Wisconsin-based precision manufacturing platform, partnering with the company’s management to support continued growth and investments in automation and global sourcing. As part of the transaction LVC provided growth capital while related real estate was sold to Royal Oak Realty Trust; Saelens operates under the trade names Diamond Precision Products and Coupling Nut Supply and employs ~230 people.

  • Buyer
    Kunes Auto & RV Group
    Target
    Quietwoods RV, Scenic RV
    Industry
    Automotive
    Type
    Buyout

    Kunes Auto & RV Group has acquired Quietwoods RV and Scenic RV, adding store locations across Wisconsin including Sturgeon Bay, Fox Valley, Slinger, Wisconsin Dells and Janesville. The deal expands Kunes' RV retail, service and storage capacity in key camping communities while preserving existing staff and the acquired brands' local names.

  • Buyer
    Value Added Distributors, Rotunda Capital Partners
    Target
    L.T.L. Supply
    Seller
    Founding family of L.T.L. Supply
    Industry
    Manufacturing
    Type
    Addon

    Value Added Distributors (VAD), a PE-backed distributor and fabricator, has acquired L.T.L. Supply, a family-operated wire harness and electrical-assembly manufacturer based in Green Bay, Wisconsin. The add-on expands VAD's manufacturing capabilities and electrical solutions offering, bolstering its service to specialty vehicle OEMs and other mobile fluid power customers; Rotunda Capital Partners, VAD's private equity backer, supported the platform strategy.

  • Buyer
    EPIC Insurance Brokers & Consultants, Interstate Motor Carriers Agency, Inc.
    Target
    Sentry Transportation's direct writing operation (Sentry Insurance)
    Seller
    Sentry Insurance
    Industry
    Insurance

    EPIC Insurance Brokers & Consultants has acquired Sentry Transportation's direct writing operation, a carve-out from Sentry Insurance that brings more than 500 transportation clients and the associated team. The acquired operation and team will join EPIC's Interstate Motor Carriers business, strengthening EPIC's national Transportation & Logistics practice and trucking insurance capabilities.

  • Buyer
    School Specialty, LLC
    Target
    Nasco Education U.S.
    Industry
    Education
    Type
    Buyout

    School Specialty, a leading PreK-12 learning environments and supplies provider headquartered in Greenville, Wisconsin, has acquired Nasco Education U.S., a developer and distributor of hands-on instructional materials based in Fort Atkinson, Wisconsin. The acquisition expands School Specialty’s product portfolio and procurement efficiencies for K-12 customers while both businesses operate independently during an integration period.

  • Buyer
    Gerard Daniel Worldwide, Graycliff Partners LP
    Target
    Durex Products, Inc.
    Seller
    Borgman Capital
    Industry
    Manufacturing
    Type
    Addon

    Gerard Daniel Worldwide (a Graycliff Partners portfolio company) has acquired Durex Products, Inc., a Luck, Wisconsin-based manufacturer of urethane wear parts and screening media, from Borgman Capital. The add-on deal will keep Durex operating in Wisconsin and aims to expand GDW's manufacturing capabilities, distribution reach and product portfolio across aggregate, mining, recycling and related industrial markets; terms were not disclosed.

  • Buyer
    Pelican Energy Partners
    Target
    Hanna Cylinders
    Industry
    Manufacturing
    Type
    Buyout

    Pelican Energy Partners has acquired Hanna Cylinders, a Pleasant Prairie, Wisconsin-based manufacturer of precision-engineered hydraulic and pneumatic cylinders. Pelican will position Hanna as a strategic platform to scale specialized manufacturing capabilities serving nuclear operators and broader industrial markets, while Hanna will retain its name and current management team.

  • Buyer
    Abbott
    Target
    Exact Sciences Corporation
    Type
    Buyout

    Abbott has agreed to acquire Exact Sciences for approximately $21 billion, valuing Exact Sciences at $105.00 per share in cash. The deal is expected to close before the end of Q2 2026, after stockholder approval and subject to regulatory clearance and other customary closing conditions.

  • Buyer
    PaperWorks Industries Inc.
    Target
    Color Craft Graphic Arts
    Seller
    First Capital Partners
    Industry
    Manufacturing
    Type
    Buyout

    PaperWorks Industries Inc. has acquired Color Craft Graphic Arts, a folding carton manufacturer founded in 1929 and based in Manitowoc, Wisconsin. Color Craft was a portfolio company of First Capital Partners and was advised by Mesirow; the acquisition adds ~120 employees and expands PaperWorks' integrated folding carton network and mill alignment across North America.

  • Buyer
    AFM Capital Partners, Pro Products Holdings LLC
    Target
    Owens Industries, LLC
    Industry
    Manufacturing
    Type
    Addon

    AFM Capital Partners’ portfolio company Pro Products Holdings LLC has acquired Owens Industries, LLC as an add-on to the Pro Products precision machining platform. Owens, based in Oak Creek, Wisconsin, provides ultra-precision CNC machining for aerospace, defense and space markets; Cantor Fitzgerald served as exclusive financial advisor to Owens.

  • Buyer
    Lindsay Goldberg
    Target
    EMCO Chemical Distributors
    Seller
    Edward Polen
    Type
    Buyout

    Lindsay Goldberg has agreed to acquire EMCO Chemical Distributors, a founder-owned distributor of industrial chemicals headquartered in Pleasant Prairie, Wisconsin. The deal is expected to transition leadership as founder and CEO Edward Polen retires at closing and Frank Bergonzi will become Executive Chairman of EMCO’s board. Financial terms were not disclosed.

  • Buyer
    Provana
    Target
    Neostella (staffing and talent business)
    Seller
    Neostella

    Provana has acquired Neostella's staffing and talent business, including team members in Colombia and the United States, to expand its global delivery and nearshore capabilities. Neostella will focus exclusively on its legal technology and SaaS offerings while the two companies continue to collaborate on client engagements.

  • Buyer
    TricorBraun
    Target
    Craft Beverage Warehouse
    Industry
    Packaging
    Type
    Buyout

    TricorBraun has acquired Craft Beverage Warehouse, a Milwaukee-based digital printing specialist for canned beverage brands. The purchase expands TricorBraun’s North American beverage packaging and digital printing capabilities and will be integrated into CanSource, with Craft Beverage Warehouse operating independently until early 2026; financial terms were not disclosed.

  • Buyer
    NOVO Health Services
    Target
    Madison United Healthcare Linen
    Type
    Buyout

    Atlanta-based NOVO Health Services has acquired Madison United Healthcare Linen (MUHL), a Wisconsin-based cooperative that provides linen and laundry services to hospitals and clinics. The deal expands NOVO's Midwest footprint and lets it leverage MUHL's infrastructure and relationships to enhance service capabilities and infection-prevention support for healthcare providers in Wisconsin.

  • Buyer
    Merit Financial Advisors
    Target
    Mennenga Tax & Financial
    Type
    Addon

    Merit Financial Advisors has acquired Mennenga Tax & Financial, adding $715 million in client assets and more than 35 employees. Founder Marshall Mennenga will join Merit as Wealth Manager, Tax Advisor, and Partner; the deal expands Merit's tax planning and wealth management capabilities in Wisconsin and provides Mennenga access to Merit’s technology and resources. The transaction closed on October 31, 2025; financial terms were not disclosed and FP Transitions advised on the deal.

  • Buyer
    Mews
    Target
    DataChat
    Type
    Buyout

    Mews, a global hospitality operating system provider, has acquired DataChat, a U.S.-based AI analytics company that specializes in conversational analytics and automated data reasoning. The deal will integrate DataChat’s natural language and agentic AI capabilities into Mews’ platform to accelerate autonomous and semi-autonomous agents for reservations, operations, revenue optimization, and guest engagement.

  • Buyer
    Jump
    Target
    Mobile Assistant
    Industry
    Software
    Type
    Buyout

    Jump, an AI platform for financial advisors, has acquired Mobile Assistant, a provider of dictation-based transcription services for advisors. The deal integrates Mobile Assistant's transcription capabilities into Jump's full-cycle AI workflow to expand product capabilities and broaden Jump's reach among financial advisors.

  • Buyer
    Feit Electric
    Target
    Cree Lighting Home (residential lamp portfolio of Cree Lighting)
    Seller
    ADLT, Cree Lighting

    Feit Electric has quietly acquired the Cree Lighting residential lamp portfolio (branded as "Cree Lighting Home") under a confidential agreement, taking ownership of the Cree name and trademarks for the North American residential market. The carve-out appears to have been completed without a formal public announcement; the residential business had previously been associated with private equity owner ADLT and the broader Cree Lighting organization.

  • Buyer
    Vance Street Capital
    Target
    Molded Rubber and Plastic Corporation (MRPC)
    Seller
    MRPC shareholders / family owners
    Industry
    Medical Devices
    Type
    Buyout

    Los Angeles-based private equity firm Vance Street Capital has partnered with Molded Rubber and Plastic Corporation (MRPC), a family-owned, ISO 13485-certified medical device contract manufacturer headquartered in Butler, Wisconsin. Vance Street will support MRPC's capability and capacity expansion while existing CEO and shareholder Greg Riemer will remain in place; financial and legal advisors and lenders were disclosed but transaction terms were not.

  • Buyer
    Fourteen IP Group Ltd
    Target
    Clearly IP Inc
    Type
    Buyout

    Fourteen IP Group Ltd announced a merger with Clearly IP Inc to combine their cloud-based telephony, unified communications and AI offerings for the hospitality and enterprise markets. The deal expands Fourteen IP’s global footprint and product portfolio—bringing Clearly IP’s ComXchange, SIP trunking and hardware into Fourteen IP’s partner and geographic channels to accelerate AI and cloud product development and international growth.

  • Buyer
    Chad Richardson
    Target
    Louisburg Garage
    Seller
    Mike Timmerman and Mary Ann Timmerman Survivors Trust
    Industry
    Automotive
    Type
    Buyout

    Chad Richardson, owner of Richardson Motors in Dubuque, acquired Louisburg Garage, a long-running Chrysler Dodge Jeep Ram dealership in Cuba City, Wisconsin, from the Mike Timmerman and Mary Ann Timmerman Survivors Trust. The business will be renamed Richardson Motors Wisconsin, Inc., expanding Richardson's dealership portfolio and local market presence.

  • Buyer
    Promus Equity Partners
    Target
    Dr. Comfort
    Seller
    Enovis Corporation
    Industry
    Medical Devices
    Type
    Buyout

    Promus Equity Partners, a Chicago-based private equity firm, completed its acquisition of Dr. Comfort from Enovis Corporation on October 7, 2025. Promus will operate Dr. Comfort as an independent business and partner with management — including newly appointed CEO Kunal Nandy — to invest in product innovation and strengthen the company's position in therapeutic diabetic footwear.

  • Buyer
    GenNx360 Capital Partners
    Target
    Heartland Business Systems LLC
    Seller
    A&M Capital Opportunities
    Industry
    IT Services
    Type
    Buyout

    GenNx360 Capital Partners has closed the acquisition of Heartland Business Systems (HBS) from A&M Capital Opportunities. HBS is a Little Chute, Wisconsin–based IT services provider with 675+ employees serving 3,200+ customers across the Midwest; GenNx360 will partner with HBS management as founder Peter Helander retires and Jimmy Buddenberg becomes CEO.

  • Buyer
    Edelman Financial Engines
    Target
    Hasenberg Financial Group
    Type
    Buyout

    Edelman Financial Engines (EFE) has acquired Hasenberg Financial Group, a wealth advisory firm based in Eau Claire, Wisconsin led by founder Chris Hasenberg. The deal brings Hasenberg's ~$300 million in client assets and 750+ clients onto EFE's platform as part of EFE's regional growth and selective M&A program.

  • Buyer
    National Manufacturing Group
    Target
    Fiber-Tech Inc
    Industry
    Manufacturing
    Type
    Buyout

    National Manufacturing Group, a multi-plant OEM supplier, has acquired Fiber-Tech Inc, a custom molder of fiberglass composites. The deal expands National's FRP and fiberglass capabilities and adds Fiber-Tech's end-to-end composite molding, prototyping, tooling and production services to National's existing manufacturing footprint.

  • Buyer
    95 Percent Group, Leeds Equity Partners
    Target
    All About Learning Press
    Industry
    Education
    Type
    Addon

    95 Percent Group, a portfolio company of Leeds Equity Partners, has acquired All About Learning Press, a provider of structured, multisensory literacy products for homeschool families and educators. The acquisition expands 95 Percent Group's offerings beyond public-school programs to include All About Learning Press' All About Reading, All About Spelling, and new All About Math products, targeting homeschool and tutoring markets.

  • Buyer
    Trivest Partners
    Target
    Vannguard Utility Partners
    Type
    Buyout

    Trivest Partners has announced a partnership and platform investment in Vannguard Utility Partners, a DeForest, Wisconsin-based provider of contract utility locating and damage-prevention services. Vannguard will continue to be led by founder and CEO Randy Bern, and Trivest will support the company's next phase of growth across the Midwest and beyond; NCP, Inc. served as financial advisor to Vannguard.

  • Buyer
    Bluespring Wealth Partners, LLC
    Target
    New Wall Street
    Type
    Addon

    Bluespring Wealth Partners has added Green Bay-based New Wall Street, an RIA led by Bernie Van Eperen and Chris Battle with $135 million AUM, to its aggregator platform. The move brings New Wall Street into Bluespring’s Kestra-affiliated network as an add-on partner to support succession, scale and ongoing client service.

  • Buyer
    Phoenix3 Collective (formerly Phoenix3 Holdings)
    Target
    Quality Culinary Solutions (QCS)
    Type
    Addon

    Phoenix3 Collective (formerly Phoenix3 Holdings) has rebranded and acquired Quality Culinary Solutions (QCS), a culinary advisory firm serving self-operated senior living communities, to expand its portfolio of boutique dining and hospitality businesses. The acquisition strengthens Phoenix3’s capabilities in senior-living culinary advisory as it continues to operate and scale a collection of hospitality brands serving senior living, corporate, healthcare, and education sectors.

  • Buyer
    Agility Retail Group, San Francisco Equity Partners
    Target
    Infinity Retail Services
    Seller
    Kevin Jansen, Wendy Jansen
    Industry
    Manufacturing
    Type
    Addon

    Agility Retail Group, a partner company of San Francisco Equity Partners (SFEP), has acquired Infinity Retail Services, a Turtle Lake, Wisconsin–based designer and manufacturer of retail fixtures and displays that serves the telecom channel. Infinity's founders Kevin and Wendy Jansen retain significant equity and the existing management team will continue to run the business; terms were not disclosed.

  • Buyer
    SensorHubb (Fides Food Service Solutions LLC)
    Target
    OneEvent Technologies, Inc.
    Industry
    Manufacturing
    Type
    Buyout

    SensorHubb (Fides Food Service Solutions LLC) has acquired OneEvent Technologies, Inc., a Wisconsin-based temperature monitoring hardware provider; the deal closed July 31, 2025. The acquisition brings hardware design and manufacturing expertise to SensorHubb’s AI-driven environmental monitoring platform, expanding its geographic footprint in the Midwest and enabling a vertically integrated, end-to-end predictive environmental intelligence offering.

  • Buyer
    Mrs. Gerry's Kitchen, Sequel Holdings
    Target
    Garden-Fresh Foods
    Seller
    Hughes family (Tom and Vicki Hughes)
    Industry
    Food & Beverage
    Type
    Addon

    Mrs. Gerry's Kitchen, a portfolio company of Sequel Holdings, has acquired Garden-Fresh Foods. Alantra acted as exclusive financial advisor to Garden-Fresh; the family owners (Tom and Vicki Hughes and their sons) and CEO John Colapinto will remain involved after the sale, and the deal brings together two prepared-salad manufacturers to expand scale and capabilities in refrigerated ready-to-eat foods.

  • Buyer
    Pella Corporation
    Target
    Weather Shield Windows & Doors
    Seller
    Schield family
    Type
    Buyout

    Pella Corporation has acquired Weather Shield Windows & Doors, a premium manufacturer of architectural wood and aluminum windows and doors based in Medford, Wisconsin. The acquisition brings complementary product capabilities and premium design expertise to Pella's portfolio to accelerate growth in the premium window and door market; financial terms were not disclosed and Northborne Partners served as Weather Shield's financial advisor.

  • Buyer
    Potawatomi Ventures
    Target
    Lyons Electric
    Type
    Buyout

    Potawatomi Ventures has acquired Lyons Electric, a Delafield, Wisconsin-based commercial and industrial electrical contractor. The deal brings Lyons Electric into Potawatomi's Emerging Technologies Group to expand its energy and infrastructure services and enhance capabilities in electrical construction, design/build, and operations & maintenance.

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