Tracked deals
321
321 tracked deals across 2025.
Industrial Services Buyout Acquisitions in 2025
Buyer mix
Mixed buyer set
228 strategic · 123 pe
Top trend
Volume peaked in 2026
652 tracked deals announced in 2026.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Pye-Barker Fire & Safety | 13 | U.S. provider of integrated fire protection, life safety ... | Strategic (PE-backed) |
| Thompson Safety | 4 | Provider of on-site first aid, fire protection and safety... | Strategic (PE-backed) |
| DXP Enterprises, Inc. | 3 | Publicly traded industrial distributor specializing in pu... | Strategic |
| Integrated Power Services (IPS) | 3 | Provider of electrical, mechanical and power management s... | Strategic |
| One Equity Partners | 3 | Middle-market private equity focused on industrial, healt... | PE |
| ASSA ABLOY | 2 | Global access-solution leader offering door openings, sec... | Strategic |
| Alfa Laval | 2 | Global industrial provider of heat transfer, separation a... | Strategic |
| Alsco Uniforms | 2 | Fifth-generation, family-owned global provider of uniform... | Strategic |
| Apollo Funds | 2 | Private equity investor focused on climate and energy tra... | PE |
| Arcline Investment Management | 2 | Growth-oriented private equity firm that invests in techn... | PE |
Acquisition Volume in Industrial Services Buyout in 2025 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2025
- Buyer
- Scrap Management Industries, Inc.
- Target
- Allmetal Recycling
- Seller
- Clint Cornejo
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Scrap Management Industries, Inc. (SMI) acquired Allmetal Recycling, a Kansas-based scrap metal recycler founded in 2009. The deal expands SMI’s footprint across Kansas with Allmetal’s 10 locations and adds capacity that supports SMI’s operation of multiple shredders across yards in Missouri, Kansas, and Oklahoma.
-
- Buyer
- Duravant, LLC
- Target
- Matthews Automation Solutions
- Seller
- Matthews International Corporation
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Duravant, LLC signed a definitive agreement to acquire Matthews Automation Solutions, a provider of Warehouse Execution System (WES) and Warehouse Control System (WCS) software, controls, and integration services. The acquisition is intended to expand Duravant’s material handling capabilities and enable end-to-end integrated warehouse lines for customers across ecommerce, retail, parcel, and logistics. The transaction is stated as closed on December 31, 2025, with Duravant paying $232.1 million total consideration.
-
December 29, 2025
- Buyer
- Baldwin Supply Company
- Target
- Construction & Aggregate Products, Inc.
- Industry
- Industrial Services
- Location
- Iowa, United States
- Type
- Buyout
Baldwin Supply Company, a privately owned Midwest industrial distributor headquartered in Plymouth, Minnesota, has acquired Construction & Aggregate Products, Inc. (CAP), a distributor with locations in Des Moines, Iowa and Lenexa, Kansas. The acquisition expands Baldwin Supply's regional footprint and capabilities to better serve customers in aggregate, mining and construction markets.
-
December 29, 2025
- Buyer
- Security 101
- Target
- Electronic Security Concepts (ESC)
- Industry
- Industrial Services
- Location
- Arizona, United States
- Type
- Buyout
Security 101 has acquired Electronic Security Concepts (ESC), a Scottsdale, Arizona-based full-service systems integrator. The deal expands Security 101's presence in the U.S. Southwest and adds ESC's advanced systems-integration capabilities and customer relationships across government, healthcare, and enterprise verticals.
-
December 22, 2025
- Buyer
- Valmet, Danske Bank A/S, OP Corporate Bank
- Target
- Severn Group, Severn Glocon, ValvTechnologies, LB Bentley
- Seller
- Bluewater
- Industry
- Industrial Services
- Location
- United Kingdom
- Type
- Buyout
Valmet entered into an agreement to acquire Severn Group, an industrial valve company specializing in severe service flow control, from Bluewater. The transaction covers Severn’s three divisions—Severn Glocon, ValvTechnologies, and LB Bentley—and is valued at USD 480 million (cash and debt-free basis). Valmet later completed the acquisition, integrating Severn into its Flow Control business area to strengthen its Process Performance Solutions segment.
-
December 19, 2025
- Buyer
- OptiGroup AB
- Target
- Textiel Services Nederland B.V.
- Industry
- Industrial Services
- Location
- Netherlands
- Type
- Buyout
Swedish distribution group OptiGroup has acquired Dutch workwear and hygiene specialist Textiel Services Nederland B.V. (TSN). TSN will be integrated into OptiGroup’s subsidiary All Safety Group to strengthen the combined offering in workwear, PPE rental/sales and workplace hygiene across the Netherlands, Belgium and Germany; the purchase price was not disclosed.
-
December 19, 2025
- Buyer
- Pye-Barker Fire & Safety
- Target
- S.E.M. Security Systems
- Seller
- Stephen Mocarsky
- Industry
- Industrial Services
- Location
- New Jersey, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired S.E.M. Security Systems, a Ramsey, New Jersey–based provider of security and fire alarm systems that also operates in Warwick, New York. The acquisition expands Pye-Barker's fire, life-safety and security footprint in the Northeast and brings S.E.M.'s installation, inspection, monitoring and maintenance capabilities and local team into Pye-Barker's national platform.
-
December 18, 2025
- Buyer
- Arclin
- Target
- The Willamette Valley Company (WVCO)
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Buyout
Arclin completed its acquisition of The Willamette Valley Company (WVCO), a manufacturer and distributor of custom products and services for wood products, railroad, concrete repair, transportation/infrastructure, and consumer segments. The deal adds eight manufacturing and R&D facilities and approximately 540 employees to Arclin’s global footprint as both companies begin integration planning.
-
December 18, 2025
- Buyer
- North American Construction Group Ltd. (NACG)
- Target
- Iron Mine Contracting (IMC)
- Industry
- Industrial Services
- Location
- Western Australia, Australia
- Type
- Buyout
North American Construction Group Ltd. (NACG) has closed its acquisition of Iron Mine Contracting (IMC), a diversified mining services contractor headquartered in Western Australia. The transaction creates an expanded Western Australia platform and increases NACG’s exposure to rare earth and critical minerals, with an economic effective date of January 1, 2026.
-
December 18, 2025
- Buyer
- Galco Industrial Electronics, Inc., Freeman Spogli & Co.
- Target
- Ad-Tech CCI, Inc.
- Seller
- James (Jim) Kiessling, Rex Rothrock
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Galco Industrial Electronics acquired Ad-Tech CCI, Inc., a Harrisburg, Pennsylvania-based distributor of industrial controls, automation components, and identification products. The deal is intended to strengthen Galco’s Mid-Atlantic presence and expand product offerings, engineering support, and service capabilities for customers.
-
December 18, 2025
- Buyer
- HydrEra Water Services
- Target
- ThinkTank Products Inc., Minion Tanks
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
HydrEra Water Services acquired ThinkTank Products Inc., the developer of the Minion Tank, in a deal completed December 18, 2025. The acquisition expands HydrEra's modular and vertical fluid storage capabilities, adds complementary tank technologies and inventory, and increases regional service coverage across North America.
-
December 18, 2025
- Buyer
- Tikehau Capital
- Target
- ScioTeq
- Seller
- OpenGate Capital, TransDigm Group Inc. (NYSE: TDG)
- Industry
- Industrial Services
- Location
- Belgium
- Type
- Buyout
OpenGate Capital completed the sale of ScioTeq, a provider of ruggedized displays and mission-critical visualization systems for aviation and defense, to the aerospace and defense fund of Tikehau Capital. OpenGate will retain a meaningful minority stake and continue supporting ScioTeq’s next phase of growth.
-
December 17, 2025
- Buyer
- dormakaba
- Target
- Avant-Garde Systems Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
dormakaba has signed a binding agreement to acquire Avant-Garde Systems Inc., a US-based independent entrance systems control solution provider headquartered in Clarksville, Indiana. The deal is intended to strengthen dormakaba’s North American go-to-market in access automation and expand capabilities for key verticals such as data centers and airports. The company expects to close in early January 2026.
-
December 17, 2025
- Buyer
- TJC, LP
- Target
- Lindsay Precast
- Seller
- MiddleGround Capital
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Buyout
MiddleGround Capital has entered into a definitive agreement to sell its portfolio company, Lindsay Precast, to TJC, LP (formerly The Jordan Company). The transaction was later announced as closed in December 2025, with Lindsay headquartered in Gainesville, Florida, and producing prefabricated concrete and steel products for infrastructure markets.
-
- Buyer
- ARC Energy Fund 8 Canadian Limited Partnership, ARC Energy Fund 8 United States Limited Partnership, ARC Energy Fund 8 International Limited Partnership, ARC Capital 8 Limited Partnership, 2659160 Alberta Ltd.
- Target
- STEP Energy Services Ltd.
- Industry
- Industrial Services
- Location
- Alberta, Canada
- Type
- Buyout
STEP Energy Services Ltd. agreed to be taken private in an all-cash $5.50 per share transaction led by funds advised by ARC Financial Corp. The arrangement was implemented via a plan of arrangement under Alberta law and was completed on December 16, 2025.
-
December 16, 2025
- Buyer
- Flowserve Corporation
- Target
- Greenray Turbine Solutions Limited
- Industry
- Industrial Services
- Location
- Lincolnshire, United Kingdom
- Type
- Buyout
Flowserve Corporation has acquired U.K.-based Greenray Turbine Solutions Limited for approximately $72 million in cash. The purchase expands Flowserve's aftermarket capabilities and durable revenue base in industrial gas turbines and is expected to add roughly $25 million of annual revenue.
-
- Buyer
- Commercial Metals Company (CMC)
- Target
- Foley Products Company, LLC
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Commercial Metals Company (CMC) completed its acquisition of Foley Products Company, LLC for a cash purchase price of $1.84 billion, subject to customary adjustments. Foley is a leading supplier of precast concrete and pipe products with 18 facilities across nine states, and the deal is intended to scale CMC’s precast platform and unlock synergies alongside CMC’s recently closed/ongoing precast initiatives.
-
December 15, 2025
- Buyer
- Triton Smaller Mid-Cap Fund II (Triton)
- Target
- The James Mercer Group, Fletchers Engineering, Coat Facilities Group
- Industry
- Industrial Services
- Location
- England, United Kingdom
- Type
- Buyout
Triton Smaller Mid-Cap has established Tendra Technical Services, a new UK platform consolidating The James Mercer Group, Fletchers Engineering and Coat Facilities Group. Triton will back the platform to drive organic growth, operational improvement and further strategic acquisitions to create a national technical services provider in the built environment.
-
December 11, 2025
- Buyer
- Kohlberg, Braemont Capital
- Target
- Loenbro, LLC
- Seller
- Loenbro management (retaining significant equity interests)
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Buyout
Loenbro, LLC entered into a definitive agreement under which Kohlberg will acquire a majority stake in the company to accelerate its next phase of growth and expansion in data center and mission-critical infrastructure services. Braemont Capital and Loenbro management will retain significant equity interests, while financial terms were not disclosed.
-
December 11, 2025
- Buyer
- Littelfuse, Inc.
- Target
- Basler Electric Company
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Littelfuse, Inc. announced a definitive agreement to acquire Basler Electric Company for approximately $350 million in cash (about $320 million net after expected tax benefits). The acquisition strengthens Littelfuse’s high-power controls and protection capabilities for mission-critical industrial markets including grid and utility infrastructure, power generation, and data centers. The transaction closed on December 11, 2025.
-
December 10, 2025
- Buyer
- Pye-Barker Fire & Safety
- Target
- Alcom Security Systems, OK-SEE Security Trailers
- Seller
- Mike McKinney, Taylor McKinney
- Industry
- Industrial Services
- Location
- Oklahoma, United States
- Type
- Buyout
Pye-Barker Fire & Safety has acquired Oklahoma-based Alcom Security Systems and its sister company OK-SEE Security Trailers to expand its life-safety and proactive video monitoring offerings in the Oklahoma City area. The family-owned businesses, led by co-owners Mike and Taylor McKinney, will continue to serve local customers as their security, fire-alarm, access-control and mobile trailer monitoring capabilities are integrated into the Pye-Barker platform.
-
December 9, 2025
- Buyer
- Weinberg Capital Group
- Target
- Pinson Valley Heat Treating Company, Inc.
- Seller
- Certain principals of Pinson Valley Heat Treating Company, Inc. (including Don Hendry and Benny Grissom)
- Industry
- Industrial Services
- Location
- Alabama, United States
- Type
- Buyout
Weinberg Capital Group, a Cleveland-based family office, acquired Pinson Valley Heat Treating Company, Inc. The transaction closed on December 5, 2025; Pinson Valley’s principals (including Don Hendry and Benny Grissom) will remain involved as investors and management, and WCG intends to pursue add-on acquisitions for the business to support growth.
-
December 7, 2025
- Buyer
- ITT Inc.
- Target
- SPX FLOW, Inc.
- Seller
- Lone Star Funds (affiliate of Lone Star Fund XI, L.P.)
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
ITT Inc. completed its acquisition of SPX FLOW, Inc., a provider of highly engineered process technologies and equipment, for total consideration of $4.775 billion (cash and equity). The deal was announced in December 2025 and is now closed, with SPX FLOW integrated into ITT’s Flow Technologies platform.
-
December 4, 2025
- Buyer
- High Performance Metal Finishing
- Target
- KEPCO, Inc.
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
High Performance Metal Finishing has acquired KEPCO, Inc., a Vicksburg, Michigan–based metal-finishing company; the transaction closed on December 4, 2025. The acquisition expands High Performance's production capacity and technical capabilities in electropolishing, passivation, and related surface-treatment services for automotive, medical, aerospace and other manufacturing customers.
-
- Buyer
- Vertiv Holdings Co.
- Target
- PurgeRite (Purge Rite Intermediate LLC)
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Vertiv Holdings Co. completed the acquisition of PurgeRite (Purge Rite Intermediate LLC) for approximately $1.0 billion, enhancing Vertiv's fluid management and liquid-cooling service capabilities for data centers, HPC and AI environments. PurgeRite—headquartered in Texas—brings specialized mechanical flushing, purging and filtration expertise and proprietary technologies to strengthen Vertiv's end-to-end thermal management offerings.
-
December 4, 2025
- Buyer
- Acme Finishing Company
- Target
- Freedom Finishing
- Seller
- Gloria Ender, Erik Ender
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
Acme Finishing Company of Elk Grove Village, Illinois has acquired Freedom Finishing of Benton Harbor, Michigan. The deal transfers ownership from founders Gloria and Erik Ender to Acme and expands Acme's Midwest coating capacity with Freedom's 60,000-square-foot powder and electrocoating facility; Calder Capital advised Freedom Finishing on the transaction.
-
- Buyer
- Brookfield Capital Partners, Brookfield Business Partners, Brookfield Private Equity Group
- Target
- Fosber
- Seller
- Guangdong Dongfang Precision
- Industry
- Industrial Services
- Location
- Italy
- Type
- Buyout
Brookfield has agreed to acquire Fosber, a global manufacturer of high-speed corrugating machinery and industrial technology solutions for the packaging sector, in a transaction valued at approximately $900 million. The deal is structured as a carve-out from Guangdong Dongfang Precision and is expected to close in 2026, subject to regulatory approvals.
-
December 3, 2025
- Buyer
- Investcorp
- Target
- Guardian Fire Services
- Seller
- Northern Lakes Capital
- Industry
- Industrial Services
- Location
- Tennessee, United States
- Type
- Buyout
Investcorp has acquired Guardian Fire Services, a Nashville-based provider of fire protection and life safety services, from Northern Lakes Capital. Guardian operates 17 branches across the U.S., serving commercial, industrial, healthcare and educational customers; management will remain meaningful shareholders as Investcorp supports the company's continued growth.
-
December 2, 2025
- Buyer
- Kingswood Capital Management, LP
- Target
- Daramic, LLC
- Seller
- Asahi Kasei
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Buyout
Kingswood Capital Management acquired Daramic, a global manufacturer and supplier of polyethylene and phenolic resin-based battery separators used in lead-acid batteries, from Asahi Kasei. Platinum Equity and Ares Commercial Finance provided financing to support the acquisition.
-
December 2, 2025
- Buyer
- Fremman Capital, Chequers Capital
- Target
- Bertin Technologies group (Bertin Technologies)
- Seller
- FCDE, Management (Bertin Technologies group management team), BNP Paribas Développement
- Industry
- Industrial Services
- Location
- France
- Type
- Buyout
Fremman Capital and Chequers Capital have executed a put option agreement to acquire Bertin Technologies Group, a European advanced instrumentation provider, from its majority shareholder FCDE alongside management and BNP Paribas Développement. The deal is intended to help Bertin accelerate organic growth, improve operational performance, and expand capabilities and international reach, with co-control planned alongside management subject to approvals and consultation with employee representatives.
-
- Buyer
- Securitas Technology
- Target
- Sonitrol Ft. Lauderdale, Level 5 Security Group
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Buyout
Securitas Technology has acquired Sonitrol Ft. Lauderdale and Level 5 Security Group to expand its service coverage and capabilities in Florida. The deal brings Sonitrol's cloud-based CORE platform and Level 5's four decades of regional security expertise into Securitas Technology's global security, health, and safety technology platform.
-
December 1, 2025
- Buyer
- Exotic Automation & Supply
- Target
- West Michigan Rubber & Supply Co.
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
Exotic Automation & Supply has completed steps to acquire West Michigan Rubber & Supply Co., a Muskegon-based industrial supplier of hose, rubber, and belting products. The acquisition is effective December 1, 2025 and expands Exotic Automation’s Parker Hannifin distribution footprint in West Michigan while adding capabilities in pneumatics, hydraulics, compressed air systems, and engineered solutions.
-
December 1, 2025
- Buyer
- DXP Enterprises, Inc.
- Target
- Pump Solutions, Inc.
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
DXP Enterprises, Inc. has acquired Pump Solutions, a Texas-based distributor and service provider focused on water and wastewater pumps, controls, and related repair services. The deal, announced after a definitive agreement signed December 1, 2025, expands DXP's Water platform in Texas and adds technical sales and service capabilities to its national water and wastewater footprint.
-
November 26, 2025
- Buyer
- Intertek Group plc
- Target
- Professional Testing Laboratory, LLC (PTL)
- Industry
- Industrial Services
- Location
- Georgia, United States
- Type
- Buyout
Intertek Group plc has acquired Professional Testing Laboratory, LLC (PTL), a Dalton, Georgia-based provider of flooring products testing services. The acquisition expands Intertek's Total Quality Assurance (TQA) capabilities and regional footprint in the Southeast United States, adding PTL's laboratory, 26 technical staff and complementary services to Intertek's North American testing platform.
-
November 26, 2025
- Buyer
- Federal Signal Corporation
- Target
- Scranton Manufacturing Company Inc. d/b/a New Way Trucks
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Federal Signal Corporation completed its acquisition of Scranton Manufacturing Company Inc. d/b/a New Way Trucks, a U.S. designer and manufacturer of refuse collection vehicles. The company had signed the definitive agreement on September 24, 2025 and expects New Way to strengthen its Environmental Solutions Group specialty vehicle platform.
-
November 25, 2025
- Buyer
- ASSA ABLOY
- Target
- International Door Products (IDP)
- Seller
- Isaac Benezra (Founder and former CEO of IDP)
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
ASSA ABLOY acquired International Door Products (IDP), a U.S. manufacturer of standard and custom fire-rated steel door frames. The acquisition strengthens ASSA ABLOY’s Opening Solutions Americas division by adding complementary products and faster lead-time capabilities for construction-related customers.
-
November 24, 2025
- Buyer
- NPK International Inc.
- Target
- Grassform Plant Hire Limited
- Industry
- Industrial Services
- Location
- England, United Kingdom
- Type
- Buyout
NPK International Inc. (NYSE: NPKI) acquired Grassform Plant Hire Limited for an all-cash purchase price of £35.2 million with potential additional consideration tied to trailing-twelve-month performance. Headquartered in Ingatestone, England, Grassform is a U.K. market leader in ground protection and temporary roadway solutions with a fleet of over 20,000 composite mats and reported £15 million revenue and £6 million EBITDA for the 12 months ended Oct 31, 2025; the acquisition expands NPK's U.K. rental footprint and scale.
-
November 21, 2025
- Buyer
- Mitsubishi Electric Corporation, Mitsubishi Electric Building Solutions Corporation
- Target
- AG MELCO Elevator Co. L.L.C.
- Seller
- Rawafed Almustaqbal Group L.L.C., Al Ghurair Investment L.L.C.
- Industry
- Industrial Services
- Location
- Dubai, United Arab Emirates
- Type
- Buyout
Mitsubishi Electric Corporation has completed the acquisition of all shares of AG MELCO Elevator Co. L.L.C., a Dubai-based elevator company, from Rawafed Almustaqbal Group L.L.C., a subsidiary of Al Ghurair Investment L.L.C. The transaction makes AG MELCO a wholly owned Mitsubishi Electric subsidiary and is intended to strengthen Mitsubishi's elevator maintenance and renewal operations in the Middle East and support its global building systems business.
-
November 21, 2025
- Buyer
- Veolia Environnement, Veolia (Veolia group / Veolia North America Zone)
- Target
- Clean Earth, Inc., Clean Earth
- Seller
- Enviri Corporation, Enviri
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Veolia Environnement entered into an agreement to acquire Clean Earth, a major U.S. hazardous waste platform, for an enterprise value of about $3 billion (around €2.6 billion). The deal is intended to roughly double Veolia’s U.S. hazardous waste footprint and establish a stronger national treatment and disposal network across fast-growing industries, with $120 million in expected synergies by year four.
-
November 20, 2025
- Buyer
- Wolter Inc.
- Target
- Carson Industries, Inc., Carson Material Handling, Carson Dock and Door, J&J Forklift Services, Pinnacle Lift Systems, LLC
- Industry
- Industrial Services
- Location
- North Carolina, United States
- Type
- Buyout
Wolter Inc., a Brookfield, Wisconsin-based material handling solutions provider, has acquired Carson Industries, Inc. and its operating units (Carson Material Handling, Carson Dock and Door, J&J Forklift Services and Pinnacle Lift Systems), expanding Wolter’s footprint with four locations across North and South Carolina. The deal enhances Wolter’s regional service capacity for forklifts, dock & door systems, rentals, parts and planned maintenance, enabling broader product access and improved service for local manufacturers, logistics providers and distribution centers in the Southeast.
-
November 20, 2025
- Buyer
- Dycom Industries
- Target
- Power Solutions
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Buyout
Dycom Industries has entered into a definitive agreement to acquire Power Solutions for a total valuation of $1.95 billion. The transaction is expected to close before the end of Dycom’s fiscal year, pending customary approvals, and will expand Dycom’s presence in mission-critical data center infrastructure through Power Solutions’ electrical contracting capabilities.
-
- Buyer
- Rivean Capital, Engelmann management
- Target
- Engelmann
- Seller
- Funds advised by DPE Deutsche Private Equity
- Industry
- Industrial Services
- Location
- Germany
- Type
- Buyout
European private equity firm Rivean Capital, together with Engelmann’s management, acquired a majority stake in Engelmann from funds advised by DPE Deutsche Private Equity. The investment supports Engelmann’s continued international expansion and product innovation in smart submetering technologies for heat, cooling, and water measurement.
-
November 20, 2025
- Buyer
- Aris Mining Corporation
- Target
- Soto Norte joint venture (Soto Norte, Colombia)
- Seller
- MDC Industry Holding Company LLC (Mubadala)
- Industry
- Industrial Services
- Location
- Colombia
- Type
- Buyout
Aris Mining entered into a binding term sheet to acquire the remaining 49% interest in the Soto Norte joint venture in Colombia from MDC Industry Holding Company LLC (Mubadala) for US$80 million. The transaction would give Aris Mining 100% ownership of Soto Norte and is expected to close by early December 2025, subject to final documentation and customary conditions.
-
November 19, 2025
- Buyer
- Everpath Management LLC, Plexus Capital
- Target
- Megawattage LLC
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Buyout
Everpath Management, a Chicago-based investment firm, has acquired Megawattage LLC, a Fort Lauderdale provider of commercial generator services and emergency-response power solutions. The deal, financed with support from Plexus Capital, positions Megawattage as a platform for geographic expansion across the Southeast and pursuit of add-on acquisitions and operational investment.
-
November 17, 2025
- Buyer
- TPG, La Caisse, TPG Rise Climate
- Target
- Pike Corporation
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
TPG Rise Climate and La Caisse have signed a definitive agreement to acquire a majority interest in Pike Corporation, with La Caisse taking a significant minority position. The investment will support Pike’s growth in grid modernization and climate adaptation for U.S. electric utilities.
-
November 16, 2025
- Buyer
- Legence
- Target
- The Bowers Group, Bowers
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Buyout
Legence has signed a definitive agreement to acquire The Bowers Group, a mechanical contractor based in Beltsville, Maryland, for approximately $475 million. The deal is designed to expand Legence’s mechanical fabrication footprint and deepen its reach into data center, technology, healthcare, and life sciences end markets, with closing expected in the first quarter of 2026.
-
November 13, 2025
- Buyer
- Vance Street Capital, Mountaingate Capital
- Target
- Damotech
- Seller
- Mountaingate Capital
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Buyout
Vance Street Capital has acquired a majority stake in Damotech, the Boisbriand, Quebec-based provider of warehouse rack safety products, engineering services, and inspection software. Mountaingate Capital sold its majority interest but will reinvest alongside Vance Street, and Damotech management will retain a material ownership position as the buy-side partner supports geographic and product expansion and targeted M&A to accelerate growth.
-
November 13, 2025
- Buyer
- Investcorp
- Target
- Kanawha Scales & Systems
- Seller
- American Equipment Holdings, Rotunda Capital Partners
- Industry
- Industrial Services
- Location
- West Virginia, United States
- Type
- Buyout
Investcorp has acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings, a portfolio company of Rotunda Capital Partners. Headquartered in Poca, West Virginia, KSS provides calibration, maintenance, repair and automated weighing solutions across multiple industrial end markets; Investcorp said the investment will support growth (including strategic M&A) and implement an Employee Ownership Plan for KSS employees.
-
November 12, 2025
- Buyer
- Damen Shipyards Group
- Target
- I.M.E Group Ltd
- Industry
- Industrial Services
- Location
- Hampshire, United Kingdom
- Type
- Buyout
Damen Shipyards Group has acquired Southampton-based I.M.E Group Ltd to expand its UK service capabilities. The deal integrates I.M.E's yard, workshop and 24/7 repair capabilities into Damen Services' UK network to strengthen on-site support, M&E engineering, docking, spare parts supply and maintenance for Damen and non-Damen vessels.
-
November 12, 2025
- Buyer
- WakeCap Technologies
- Target
- Trackfy
- Industry
- Industrial Services
- Location
- São Paulo, Brazil
- Type
- Buyout
WakeCap Technologies, a Riyadh- and Silicon Valley-based provider of sensor-powered project intelligence for construction and industrial projects, has acquired Trackfy, a Brazilian workforce safety and operational tracking solutions provider. The deal gives WakeCap a Latin America presence and expands its operational and maintenance capabilities to serve clients across the full facility lifecycle.
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