Industrial Services Buyout Acquisitions in 2020
Acquisition Volume in Industrial Services Buyout in 2020 by Year
Last 5 years
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- Buyer
- TMS International
- Target
- Stein (Stein, LLC and Stein Steel Mill Services, LLC)
- Seller
- Family owners of Stein
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Buyout
TMS International has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, a family-owned provider of steel mill services headquartered in Cleveland, Ohio. The acquisition (approximately 500 employees) expands TMS's service capabilities and U.S. footprint, adding slag removal, scrap management, recycling, material handling and mill maintenance capabilities across seven states.
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December 31, 2020
- Buyer
- AEA Investors - Small Business Fund (AEA SBF), Meritus Gas Partners
- Target
- Willingham Welding Solutions, Inc. (d/b/a Gas Innovations), Atlas Welding Supply Co., Inc.
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
AEA Investors' Small Business Fund (AEA SBF) formed Meritus Gas Partners by acquiring Willingham Welding Solutions (d/b/a Gas Innovations) and Atlas Welding Supply Co. The transaction recapitalizes the two independent industrial/medical gas and welding-supplies distributors to create a national platform of distributors serving industrial, medical and specialty gas end-markets across North America.
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December 31, 2020
- Buyer
- Pye-Barker Fire & Safety
- Target
- Nardini Fire Equipment Company
- Seller
- Tom Nardini (Nardini family)
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Nardini Fire Equipment Company, a multi-generational fire protection contractor headquartered in Saint Paul, Minnesota (with a second HQ in Fargo, North Dakota). The acquisition, formalized on December 31, 2020, expands Pye-Barker's Midwest footprint into five additional states (Minnesota, North Dakota, South Dakota, Wisconsin and Iowa) and preserves jobs by integrating Nardini's team into Pye-Barker's national platform.
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December 30, 2020
- Buyer
- Industrial Growth Partners V, L.P., Hydromax USA management
- Target
- Hydromax USA, LLC
- Seller
- Warren Equity Partners
- Industry
- Industrial Services
- Location
- Nebraska, United States
- Type
- Buyout
Industrial Growth Partners V, L.P., in partnership with Hydromax USA management, acquired Hydromax USA, LLC from Warren Equity Partners. The private equity-controlled platform investment positions Hydromax to accelerate growth across its outsourced infrastructure services for gas, water and wastewater utilities through strategic and operational support from IGP.
-
- Buyer
- Kohlberg & Company, LLC, The Riverside Company (minority investor)
- Target
- Area Wide Protective (AWP)
- Seller
- The Riverside Company
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Buyout
Kohlberg & Company has acquired Area Wide Protective (AWP), a North Canton, Ohio–based traffic control and temporary traffic safety management services provider, from The Riverside Company. Riverside retained a minority stake via its Strategic Capital Fund; AWP will be led by new CEO Ron Childress as founder/CEO John Sypek transitions to Vice Chairman. Terms were not disclosed.
-
December 21, 2020
- Buyer
- Freestone Partners, LLC
- Target
- Warfab Industries, Inc.
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Freestone Partners, a Houston-based private equity firm, acquired the assets of Warfab Industries, Inc. in partnership with Warfab management. Warfab, headquartered in Hallsville, Texas, provides heavy industrial repair, maintenance, fabrication and machining services serving mining, heavy steel, railcar and energy customers across multiple countries; the deal is intended to expand Warfab’s product offerings and geographic reach.
-
December 18, 2020
- Buyer
- Midwest Growth Partners, NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street / Calvert Street Capital Partners), Lowe Capital, Spring Capital, Pete Vrettakos, Incorp senior management team
- Target
- Incorp Holdings, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Midwest Growth Partners led a transaction to acquire Incorp Holdings, LLC, with subordinated debt and equity provided by NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street), Lowe Capital, Spring Capital, Pete Vrettakos, and Incorp's senior management team. Incorp, an Evansville, Indiana-based specialty contractor providing insulation, scaffolding and multi-craft industrial services, will use the proceeds to expand service lines and geographic coverage to support organic and acquisitive growth.
-
December 17, 2020
- Buyer
- EVI Industries, Inc.
- Target
- Eastern Laundry Systems (Baystate Business Ventures d/b/a Eastern Laundry Systems)
- Seller
- Baystate Business Ventures d/b/a Eastern Laundry Systems
- Industry
- Industrial Services
- Location
- Massachusetts, United States
- Type
- Buyout
EVI Industries, Inc. has executed a definitive purchase agreement to acquire substantially all the assets and certain liabilities of Baystate Business Ventures d/b/a Eastern Laundry Systems, a Taunton, Massachusetts-based distributor of commercial and vended laundry equipment and provider of installation and maintenance services. The acquisition furthers EVI's strategy to expand its sales and service footprint and service operations in the New England market; the transaction is expected to close upon satisfaction of closing conditions.
-
December 16, 2020
- Buyer
- Energy Services of America Corporation, West Virginia Pipeline Acquisition Company
- Target
- WV Pipeline, Inc.
- Seller
- WV Pipeline, Inc.
- Industry
- Industrial Services
- Location
- West Virginia, United States
- Type
- Buyout
Energy Services of America Corporation formed a wholly owned subsidiary, West Virginia Pipeline Acquisition Company, and entered an asset purchase agreement to acquire substantially all assets of WV Pipeline, Inc. for $3.5 million cash plus a $3.0 million seller note; the transaction was expected to close December 31, 2020. The acquisition expands Energy Services' capabilities and geographic presence in gas and water distribution utility services in southern West Virginia, and WV Pipeline's leadership (David and Daniel Bolton) will remain with the business.
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December 15, 2020
- Buyer
- Borgman Capital
- Target
- Aerial Work Platforms, Inc.
- Seller
- Pat Barney
- Industry
- Industrial Services
- Location
- Wisconsin, United States
- Type
- Buyout
Borgman Capital has acquired Aerial Work Platforms, Inc. (AWP), a Wisconsin-based company that rents, sells and services aerial lift equipment, from founder and president Pat Barney. Borgman — a Milwaukee-based private equity firm — will support AWP's future growth and continuity; Associated Bank provided senior financing for the transaction.
-
December 15, 2020
- Buyer
- Broadtree Partners LLC
- Target
- Precision Devices Inc.
- Seller
- Bill Bacha, Mark Hoover
- Industry
- Industrial Services
- Location
- Connecticut, United States
- Type
- Buyout
Broadtree Partners, a Charlotte-based lower-middle market private equity firm, has acquired Precision Devices Inc., a 40-year-old remanufacturer and aftermarket supplier of components for the material handling industry headquartered in Wallingford, Connecticut. The transaction (supported by Bank Prov) installs Dan Brunstetter as CEO while sellers Bill Bacha and Mark Hoover remain engaged to support operations as Broadtree pursues growth of the business.
-
- Buyer
- Odyssey Investment Partners
- Target
- Protective Industrial Products, Inc.
- Seller
- Audax Private Equity
- Industry
- Industrial Services
- Location
- New York, United States
- Type
- Buyout
Odyssey Investment Partners has entered into a definitive agreement to acquire Protective Industrial Products, Inc. (PIP), a global supplier of personal protective equipment, from Audax Private Equity. PIP’s management, including CEO Joe Milot, will remain in place and the Milot and Tao families will retain a significant ownership stake as Odyssey pursues organic growth and strategic add-on opportunities for the business.
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December 15, 2020
- Buyer
- Integrated Power Services (IPS)
- Target
- Industrial Electric Motor Works, Inc.
- Seller
- Tom McDaniel / McDaniel family (owners of Industrial Electric Motor Works)
- Industry
- Industrial Services
- Location
- Mississippi, United States
- Type
- Buyout
Integrated Power Services (IPS) has acquired Industrial Electric Motor Works, Inc., a Meridian, Mississippi-based full-service electric motor and generator service company. The acquisition expands IPS’s service footprint and distribution capabilities in the Southeastern United States; Industrial Electric’s founder Tom McDaniel and his sons will join IPS to support integration.
-
December 14, 2020
- Buyer
- Olympic Steel Inc.
- Target
- Action Stainless & Alloys, Inc.
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Olympic Steel Inc. (Nasdaq: ZEUS) has acquired the assets of Action Stainless & Alloys, a full-line distributor and processor of stainless steel and aluminum based near Dallas, Texas. The all-cash transaction expands Olympic Steel's specialty metals footprint and adds product and processing capabilities; terms were not disclosed.
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December 14, 2020
- Buyer
- Contractors Steel, UPG Enterprises LLC
- Target
- Borrmann Metal Center
- Seller
- Borrmann Metal Center owners (co-Presidents Robert Wedeen and Rob Persson)
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
Contractors Steel, part of Chicago-based UPG Enterprises LLC, has acquired Borrmann Metal Center, a 100+-year-old metal distributor based in Burbank, California. American Discovery Capital served as financial advisor to Borrmann; the acquisition expands Contractors Steel/UPG’s national footprint and broadens product offerings in structural and distribution products across California and Arizona.
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- Buyer
- Industrial Inspection & Analysis, Inc.
- Target
- St. Louis Testing Laboratories, Inc.
- Seller
- Rob Sinn
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Buyout
Industrial Inspection & Analysis, Inc. (IIA) has acquired St. Louis Testing Laboratories, Inc. (SLTL), a St. Louis-based commercial testing laboratory founded in 1929. The acquisition expands IIA's capabilities into destructive testing (mechanical, chemical and metallurgical testing) and strengthens its geographic presence in the central United States.
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December 6, 2020
- Buyer
- PAI Partners
- Target
- Apleona Group GmbH
- Seller
- EQT (EQT VII fund)
- Industry
- Industrial Services
- Location
- Hesse, Germany
- Type
- Buyout
PAI Partners has agreed to acquire Apleona Group GmbH from EQT (EQT VII) for approximately EUR 1.6 billion. Apleona, headquartered in Neu-Isenburg, Germany, is a leading European technical and integrated facility management provider with more than 20,000 employees and a strong position in the DACH region; PAI said it will pursue further consolidation and growth both organically and via M&A.
-
- Buyer
- MFG Partners, Merit Capital Partners, Management team of Storage Solutions, Inc.
- Target
- Storage Solutions, Inc.
- Seller
- Employee Stock Ownership Plan (ESOP)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
MFG Partners, in partnership with Merit Capital Partners and Storage Solutions' management team, has completed an acquisition of Storage Solutions, Inc., a Westfield, Indiana-based material handling and industrial storage systems integrator. The transaction transitions the company from an ESOP structure and positions Storage Solutions to expand its service lines and capitalize on growth in e-commerce and warehouse demand.
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December 3, 2020
- Buyer
- CapitalWorks
- Target
- Electromechanical Research Laboratories, Inc. (ERL), Law Valve of Texas
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Cleveland-based private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories, Inc. (ERL) of New Albany, Indiana, alongside ERL President and CEO Stephen Wilkins and the ERL management team. ERL is a long-established manufacturer and repair-service provider of pumps, valves, gauging and overfill protection for the inland marine (tank barge) and rail markets; the deal includes ERL’s subsidiary Law Valve of Texas, a Houston-area on-barge repair and support business.
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December 3, 2020
- Buyer
- Tejas Investment Partners
- Target
- Rent Equip, LLC
- Seller
- Gary Gunter
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Tejas Investment Partners, a Texas-based private investment firm, has acquired Rent Equip, LLC, an Austin-headquartered construction equipment rental, sales and service company. The transaction closed September 30, 2020; Tejas said it will partner with Rent Equip's management to accelerate growth across Texas.
-
December 2, 2020
- Buyer
- Area Wide Protective (AWP)
- Target
- Traffic Safety Rentals (TSR)
- Industry
- Industrial Services
- Location
- Utah, United States
- Type
- Buyout
Area Wide Protective (AWP), a North American traffic control services provider, acquired Utah-based Traffic Safety Rentals (TSR) to expand its presence in the Salt Lake City and Ogden markets. The acquisition advances AWP's national growth strategy by strengthening its service footprint for utility, roadway maintenance and construction customers in the western United States.
-
December 2, 2020
- Buyer
- Crossplane Capital
- Target
- Griffin Dewatering
- Seller
- The CapStreet Group
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Dallas-based private equity firm Crossplane Capital has completed a control acquisition of Griffin Dewatering, a Houston-headquartered provider of dewatering and water treatment services for large-scale construction, infrastructure and industrial projects. Griffin, founded in 1934 and operating from 11 locations nationwide, will partner with Crossplane to expand its complex dewatering, water treatment capabilities and national water-management platform; the company was previously a portfolio company of The CapStreet Group.
-
December 1, 2020
- Buyer
- BrandSafway
- Target
- Big City Access
- Seller
- Rock Hill Capital Group
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
BrandSafway has acquired the assets of Big City Access, a Houston-based scaffolding and access solutions provider, effective Dec. 1, 2020. The seller was Rock Hill Capital Group, and the deal expands BrandSafway's commercial construction and infrastructure capabilities in Texas; Big City Access has ~160 employees and locations in Houston, Dallas, Austin and San Antonio.
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December 1, 2020
- Buyer
- Applus+ Group
- Target
- QPS Evaluation Services Inc
- Seller
- Founding partners (three senior managers)
- Industry
- Industrial Services
- Location
- Ontario, Canada
- Type
- Buyout
Applus+ has acquired the entire share capital of QPS Evaluation Services Inc. from the company's founding partners. QPS is a Canada-headquartered product certification and testing specialist (133 employees; 2019 revenue ~€16m) that expands Applus+'s Laboratories division capabilities in electrical/electronics and hazardous-location product certification and broadens its North American and global footprint.
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December 1, 2020
- Buyer
- AEA Investors
- Target
- Process Sensing Technologies
- Industry
- Industrial Services
- Location
- Cambridgeshire, United Kingdom
- Type
- Buyout
AEA Investors' Middle Market Private Equity team has acquired Process Sensing Technologies (PST), a UK-headquartered provider of moisture, oxygen and trace gas measurement instruments and systems. PST, formed through several brand combinations and acquisitions, serves end markets including life sciences, natural gas, building automation and food & beverage and has roughly 650 employees globally.
-
November 30, 2020
- Buyer
- ASGARD Partners & Co.
- Target
- Angstrom Technology
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
ASGARD Partners & Co., a private equity firm, has acquired a controlling interest in Angstrom Technology, a Grand Rapids-based provider of modular cleanrooms and controlled-environment solutions. Management will remain as a significant minority investor and ASGARD's investment will support growth initiatives, capability expansion and potential strategic acquisitions across North America.
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November 20, 2020
- Buyer
- Ovivo Inc.
- Target
- Alar Engineering Corporation (ALAR)
- Seller
- Paula Jackfert and family shareholders
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Ovivo Inc., a global water and wastewater treatment equipment and systems provider, has acquired the businesses of Alar Engineering Corporation, Alar Chemical Sales Inc. and Alar Leasing Inc. (together "ALAR"). The acquisition adds ALAR's dewatering equipment, chemical products and Central U.S. presence in Mokena, Illinois, to Ovivo's industrial water capabilities and supports Ovivo's expansion in North American industrial wastewater markets.
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- Buyer
- Lowe Capital Management LLC, Construction Safety Group
- Target
- Incorp Holdings, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Lowe Capital Management LLC and Construction Safety Group have acquired Incorp Holdings, LLC, a specialty insulation, scaffolding and multi-craft industrial services provider headquartered in Evansville, Indiana. The transaction, for undisclosed terms, positions Incorp to continue its growth strategy with support from a strategic partner and financial sponsor.
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November 18, 2020
- Buyer
- Mangrove Equity Partners, STAR management (Clayton Newman, Donna Rambin, Brad Miller)
- Target
- Steam Turbine Alternative Resources, Inc. (STAR)
- Seller
- Founders
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Buyout
Mangrove Equity Partners has invested in a management buyout of Steam Turbine Alternative Resources, Inc. ("STAR"), a Marion, Ohio-based manufacturer and field installer of custom turbine seals (packing rings). The transaction backs incumbent management and aims to expand STAR's penetration into the natural gas and combined-cycle power markets while broadening product and outbound sales capabilities.
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November 16, 2020
- Buyer
- Gryphon Investors
- Target
- Vessco Holdings
- Seller
- O2 Investment Partners
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Gryphon Investors, a San Francisco-based middle-market private equity firm, has acquired Vessco Holdings, a Minneapolis-based value-added distributor and systems integrator for water and wastewater treatment, from O2 Investment Partners. Vessco's management will remain significant owners and the company will pursue organic growth and add-on acquisitions to expand its product offerings and geographic reach.
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November 11, 2020
- Buyer
- Quench USA, Inc.
- Target
- Sunnybrook Water Company
- Seller
- Sunnybrook Water Company, Dean Laue (CEO)
- Industry
- Industrial Services
- Location
- Washington, United States
- Type
- Buyout
Quench USA, Inc., a King of Prussia, Pennsylvania–based provider of bottle‑free filtered drinking water solutions, has acquired Sunnybrook Water Company, a point‑of‑use drinking water systems dealer headquartered in Vancouver, Washington. The acquisition adds nearly 1,000 customers to Quench's Portland metropolitan footprint and continues Quench's dealer consolidation strategy.
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November 10, 2020
- Buyer
- Jon-Don
- Target
- Factory Cleaning Equipment, Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Jon-Don, a supplier of commercial janitorial and restoration supplies, has acquired Factory Cleaning Equipment, Inc. (FCE), a U.S.-based seller and renter of industrial floor scrubbers and sweepers. The deal expands Jon-Don's equipment offering and service capabilities while bringing FCE's leadership team into Jon-Don's organization.
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November 3, 2020
- Buyer
- Kellermeyer Bergensons Services, LLC (KBS)
- Target
- Beck Facility Services, Inc.
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Buyout
Kellermeyer Bergensons Services (KBS) has acquired Beck Facility Services, a Newnan, Georgia–based provider of janitorial, light-maintenance, and material-handling services. The acquisition expands KBS’s national footprint and service capabilities, bringing Beck’s team of roughly 1,800 employees across 12 states into KBS’s platform to deliver scaled, technology-enabled facility solutions.
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November 2, 2020
- Buyer
- Daikin North America LLC, Daikin Industries, Ltd.
- Target
- Stevens Equipment Supply, LLC
- Industry
- Industrial Services
- Location
- Minnesota, United States
- Type
- Buyout
Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has acquired Stevens Equipment Supply, a wholesale distributor of HVAC and commercial food service equipment based in Eagan, Minnesota. The acquisition expands Daikin's distribution footprint across roughly a dozen states, with Stevens continuing to operate under its existing name and management to support growth of its contractor customer base.
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- Buyer
- Onpoint Industrial Services
- Target
- Innovative Ventilation Systems, Inc.
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Onpoint Industrial Services has acquired Innovative Ventilation Systems, Inc.'s Beaumont, Texas operations, absorbing its services, customer accounts and personnel effective October 21, 2020. The acquisition expands Onpoint's turnaround and confined-space safety capabilities by adding temporary ventilation, climate control and filtration services alongside Onpoint's existing safety and WatchPoint monitoring offerings.
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October 22, 2020
- Buyer
- Levine Leichtman Capital Partners
- Target
- NMi Certin B.V.
- Seller
- First Dutch Innovations (FDI)
- Industry
- Industrial Services
- Location
- South Holland, Netherlands
- Type
- Buyout
Levine Leichtman Capital Partners (LLCP) has acquired NMi Certin B.V. (NMi) from First Dutch Innovations (FDI). NMi, headquartered in Delft, Netherlands, is a leading independent specialist in legal metrology, providing testing, inspection, certification and calibration services across energy, utilities and transportation end markets; LLCP said it will support the company's growth and quality-focused expansion plans.
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October 15, 2020
- Buyer
- Alta Equipment Group Inc.
- Target
- Howell Tractor and Equipment, LLC
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Alta Equipment Group (NYSE: ALTG) has entered into a definitive agreement to acquire Howell Tractor and Equipment, a long-standing heavy equipment dealer serving Northern Illinois and Northwest Indiana. Howell Tractor, which operates facilities in Gary, Indiana and Peru, Illinois, generated approximately $33.1 million in revenue and $5.0 million of adjusted EBITDA in the trailing twelve months through July 2020; the deal expands Alta's presence in the Illinois/Northwest Indiana construction market.
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October 9, 2020
- Buyer
- Pye-Barker Fire & Safety
- Target
- Mitec
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Mitec, an Atlanta-based fire and property protection company founded in 1989. The acquisition (Mitec had about 140 employees) expands Pye-Barker's presence across the Southeast and into new markets while adding Mitec's inspection, testing and systems-integration capabilities.
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- Buyer
- Applied Industrial Technologies
- Target
- Advanced Control Solutions
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Buyout
Applied Industrial Technologies has acquired Advanced Control Solutions (ACS), a Southeast-based provider of machine vision, robotics, sensors, and automation engineering services. The deal adds ACS's 43-person team and four Southeastern locations to Applied's automation offerings to expand capabilities, cross-sell solutions, and deepen presence in life sciences, packaging & logistics, industrial manufacturing, and automotive end markets.
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October 6, 2020
- Buyer
- Seegrid Corporation
- Target
- Box Robotics
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Seegrid Corporation acquired Philadelphia-based Box Robotics to integrate the startup's 3D LiDAR, high-definition mapping, and deep learning perception capabilities into Seegrid's vision-guided vehicles. The deal aims to accelerate Seegrid's perception engineering and advance situational awareness for its autonomous material handling vehicles, improving productivity and safety for manufacturing, warehousing, and e-commerce customers.
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October 2, 2020
- Buyer
- ProMach
- Target
- Statco-DSI
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
ProMach has acquired Statco-DSI Process Systems, a North American provider of sanitary processing systems and engineering services for the food, dairy, beverage and related markets. The acquisition expands ProMach’s systems & integration capabilities upstream into processing technology and brings Statco-DSI’s team of over 185 employees and ten U.S. offices into ProMach’s Systems & Integration business line.
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September 30, 2020
- Buyer
- Lakelet Capital LLC
- Target
- GenTech Scientific LLC
- Seller
- Clair Bragg
- Industry
- Industrial Services
- Location
- New York, United States
- Type
- Buyout
Buffalo-based private equity firm Lakelet Capital has completed an investment to support the buyout of GenTech Scientific, a refurbisher, reseller, and servicer of analytical laboratory instrumentation based in Arcade, New York. The investment provides growth capital to enhance operations, extend geographic reach, and expand solution offerings; Lakelet also installed Michael Lippa as CEO and worked with GenTech founder Clair Bragg on the transition.
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September 24, 2020
- Buyer
- BrightView Holdings, Inc.
- Target
- All Commercial Landscape Services
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
BrightView Holdings, Inc. has acquired All Commercial Landscape Services (ACLS), a commercial landscaping firm headquartered in Fresno, California. Terms were not disclosed; the acquisition brings approximately 90 ACLS team members to BrightView and provides BrightView entry into the Fresno Top 55 MSA.
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September 22, 2020
- Buyer
- Hunter Street Partners
- Target
- All-Star Equipment Rental of Naples
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Buyout
Hunter Street Partners, a Minneapolis-based alternative investment firm, has acquired All-Star Equipment Rental of Naples and launched a scalable equipment rental investment platform. Hunter Street will work with All-Star's management to expand the fleet, add new product types, and pursue additional regional acquisitions to scale the platform across Southwest Florida and beyond.
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September 22, 2020
- Buyer
- UPG Enterprises LLC
- Target
- Lexington Steel Corp., Douglass Logistics Inc.
- Seller
- Lex Holding Co.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Chicago-based UPG Enterprises LLC has completed the acquisition of Lex Holding Co., which includes Lexington Steel Corp. and its affiliated logistics arm Douglass Logistics Inc. The deal expands UPG's Midwest metals service center footprint and enhances its flat-roll processing, logistics and distribution capabilities across additional states.
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September 21, 2020
- Buyer
- StonePoint Materials LLC
- Target
- River Aggregates, LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
StonePoint Materials LLC acquired River Aggregates, LLC, adding two sand and gravel facilities serving the Houston and Beaumont, Texas markets. The deal expands StonePoint's geographic footprint into Texas and complements its existing Southern Aggregates subsidiary to create a new Texas platform.
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September 17, 2020
- Buyer
- White Deer Energy
- Target
- Unicat Catalyst Technologies, LLC
- Seller
- Mani Erfan (Co-Founder and CEO)
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
White Deer Energy has acquired a majority interest in Unicat Catalyst Technologies, a global supplier of heterogeneous catalyst products and related technical services. Financial terms were not disclosed; Unicat founder and CEO Mani Erfan will remain in place and roll a portion of his ownership as White Deer backs the company's continued growth in refinery, syngas, chemical, steel, agriculture and green energy markets.
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September 10, 2020
- Buyer
- Zep Inc.
- Target
- EcoClear LLC
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Zep Inc. has acquired EcoClear LLC, a deep‑cleaning and sanitation services provider specializing in food‑processing and refrigerated facilities. EcoClear will be integrated into Zep’s AFCO Food & Beverage division to broaden Zep’s sanitation and disinfectant services and capabilities for food & beverage processors and other critical facility operators.
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September 9, 2020
- Buyer
- Hawk Ridge Systems
- Target
- Quest Integration
- Industry
- Industrial Services
- Location
- Idaho, United States
- Type
- Buyout
Hawk Ridge Systems has acquired Quest Integration, a DS SOLIDWORKS reseller headquartered in Post Falls, Idaho. The transaction expands Hawk Ridge's North American reseller and 3D printing footprint — creating a combined network of 22 offices and broadening capabilities in 3D design, data management, simulation and manufacturing solutions for customers across the U.S. West and Canada.
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September 9, 2020
- Buyer
- SCIO Automation
- Target
- Mojin Robotics
- Industry
- Industrial Services
- Location
- Bavaria, Germany
- Type
- Buyout
SCIO Automation has acquired Mojin Robotics to expand its automated material handling and storage solutions for industrial and clean-room environments. The acquisition brings Mojin’s autonomous robotics capabilities and positions SCIO to offer integrated intralogistics solutions across high-demand end markets.
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