Industrial Services Buyout Acquisitions in 2026

Investment funds managed by Morgan Stanley Capital Partners have acquired Security 101, a West Palm Beach-based commercial security integration services provider. The deal positions Morgan Stanley to expand Security 101's national accounts program and support continued organic growth and M&A activity; prior investor Gemspring Capital had partnered with the company during its prior scale-up phase.

Middle-market private equity firm HKW has acquired Handling Systems and Conveyors, Inc. (HSC), a vertically integrated designer, manufacturer, installer and service provider of cranes, hoists, conveyors and tooling solutions. HKW said it will support HSC’s growth by expanding service penetration, investing in new geographic locations and pursuing strategic add-on acquisitions; financial terms were not disclosed.

Komar Industries has acquired Metro Compactor Service, Inc., BaleForce Recycling Equipment Inc., and Chute Source LLC to create a unified North American waste and recycling equipment and services platform. The deal expands Komar's equipment portfolio, service network and IoT capabilities—strengthening its presence in Canada and increasing its ability to serve multi-tenant residential and commercial customers across North America.

Ryerson Holding Corporation and Olympic Steel, Inc. have completed a merger in which Ryerson issued 1.7105 shares of its common stock for each share of Olympic Steel, leaving former Olympic Steel shareholders with approximately 37% of the combined company. The transaction creates the second-largest North American metals service center, with expected annual synergies of about $120 million by early 2028 from procurement, scale, operational efficiencies, commercial enhancements, and footprint optimization.

Affiliates of private investment firm Halo Partners, L.P. have acquired W.O. Grubb from the estate of prior family ownership. The investment will provide capital and strategic resources to support Grubb’s growth across infrastructure, industrial, utility and data center markets while preserving management and operations.

Truelink Capital has acquired SouthernCarlson, a leading U.S. distributor of fasteners, tools, packaging and construction supplies, from Kyocera Corporation. The transaction is supported by a senior secured credit facility co-led by Bain Capital Credit and Goldman Sachs Alternatives to finance Truelink's purchase; SouthernCarlson will operate as an independent, nationwide platform to pursue organic growth and strategic M&A.

PSS Industrial Group has combined with Cross Country Infrastructure Services to form PSS Cross Country Infrastructure Solutions, creating a national provider of equipment rental, supplies and services for critical infrastructure projects. The combination expands the companies' geographic footprint and capabilities across energy, renewables, utilities and civil construction markets.

Bar None Auction, a Sacramento-based auction company, has acquired US Auctions, a long-standing Southern California auction firm that specializes in heavy equipment, fleet vehicles and government surplus sales. The deal expands Bar None's footprint and client base in Southern California — Bar None expects volumes through its Fontana facility to double and has named Marco Galvan, former President of US Auctions, General Manager of the Fontana location to support integration.

SunSource Holdings has completed the acquisition of Vytl Controls Group (formerly PVI Holdings) from MiddleGround Capital; financial terms were not disclosed. Vytl, headquartered in The Woodlands, Texas, operates 32 branches across 11 states with more than 1,100 employees and provides distribution, design, repair and remanufacturing of valves, actuators and other flow control products; the deal broadens SunSource’s flow control solutions capabilities and distribution footprint.

Barrow Safety Services Inc., Black Gold Emergency Response Planners Inc. and Firemaster Oilfield Services Inc. have merged to form FM Safety Services Ltd., creating an integrated industrial safety services platform. The combined company will offer emergency response, fire services, air monitoring, industrial medical and safety training across Canada and the United States, with offices in Calgary, Red Deer, Grande Prairie and Hinton.

Pye-Barker Fire & Safety has acquired Jersey Fire Protection Corporation, a West Deptford, New Jersey-based fire protection services provider, to strengthen its fire protection and life safety capabilities across the Mid-Atlantic (New Jersey, Pennsylvania, Delaware and Maryland). Jersey Fire will continue to operate locally while leveraging Pye-Barker's nationwide resources and expertise; Nelson Mullins Riley & Scarborough LLP represented Pye-Barker in the transaction.

Reliability Solutions announced the acquisitions of AMRRI, LUBE-IT and Spartakus APM to expand its industrial reliability capabilities across training, lubrication management software, and modern asset performance management. The deals broaden Reliability Solutions’ end-to-end offering for maintenance and reliability teams across heavy industry, manufacturing, energy and process sectors, with integration and brand alignment planned through 2026.

Tulsa-based E&I Sales has acquired Industrial Motor Services, a family-owned electric motor repair and maintenance provider in southeast Tulsa. The acquired business will operate as E&I Motor Repair LLC and expand E&I Sales' in-house motor repair, rewind, pump repair and machine shop capabilities to support local industrial and automotive customers.

Kanbrick, a long-term investment partnership, has acquired Keep Supply, a Springfield, Missouri–based distributor of industrial refrigeration parts and equipment. The investment will support Keep Supply’s continued growth, expand its parts and equipment portfolio, and deepen customer and vendor relationships.

APi Group Corporation completed the acquisition of CertaSite, an inspection-first provider of fire and life safety services operating in the Midwest. The deal strengthens APi's recurring, regulatory-driven safety services platform by adding inspection-focused capabilities, an asset-light business model, and expanded Midwest presence.

Volvo Construction Equipment has completed the acquisition of Swecon (including Entrack) for an enterprise value of SEK 7 billion after receiving European Commission approval. The deal brings Swecon’s retail, rental, aftermarket and service operations across Sweden, Germany and the Baltics — and roughly 1,400 employees — into Volvo CE to strengthen its retail and service capabilities in key Northern European markets.

DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Ambiente H2O Inc., a Sheridan, Colorado–based manufacturer representative and service provider for pumps, process equipment, and instrumentation serving the water and wastewater market. The deal expands DXP’s Water platform and establishes a presence across Colorado, Idaho, Utah, Wyoming, and Montana; Ambiente reported approximately $8.1 million in trailing twelve-month sales through December 31, 2025.

Turner Supply, a family-owned industrial distributor headquartered in Mobile, Alabama, acquired Progressive Supply, a Woodstock, Georgia-based MRO solutions provider; the transaction closed January 31, 2026. Progressive Supply will operate as Turner Supply's ninth location, marking Turner's formal entry into the Atlanta and North Georgia markets and preserving the existing Progressive team and customer relationships.

Rio2 Limited has completed the acquisition of a 99.1% interest in the Condestable copper mine in Peru from Southern Peaks Mining L.P. for US$241 million. The deal, funded via a mix of cash, debt and equity, transforms Rio2 from a primarily gold-focused operator into a multi-commodity miner with immediate copper production and planned integration/expansion work underway.

Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.

Houston-based private equity firm Capstreet has acquired TOPS Field Services, LLC, a Huffman, Texas–based provider of inspection, overhaul and maintenance services for gas and steam turbines, LNG equipment, and generators. Management, including founder and CEO Toby Wooster, will remain with the company as Capstreet partners with TOPS to expand service offerings, enhance capabilities, and pursue geographic expansion; terms were not disclosed.

Integrated Power Services (IPS) has completed the acquisition of TechPro Power Group, Inc., a provider of power systems lifecycle management and field services. The deal expands IPS’s technical capabilities and geographic coverage across North America, enhancing service offerings for mission-critical end markets such as data centers, utilities and oil & gas.

Silvercorp Metals Inc. completed the acquisition of Chaarat ZAAV CJSC for $92 million and will convert ZAAV into a joint venture (JVC) with Kyrgyzaltyn, holding a 70% operator stake while Kyrgyzaltyn holds 30% free-carried. The JVC holds the fully permitted Tulkubash/Kyzyltash gold projects and surrounding exploration licenses; Silvercorp will pay an additional $60 million to the Kyrgyz National Investment Agency after an agreed mining-license extension to June 25, 2062.

Los Angeles-based private investment firm Inspirit Equity has acquired a majority stake in Sizemore, Inc., a facility management services provider headquartered in Augusta, Georgia. The partnership positions Sizemore for accelerated growth through investment in operations, geographic expansion across North America, and both organic and acquisitive growth; financial terms were not disclosed.

Aurora Capital Partners has acquired Anova, a global Industrial Internet of Things (IIoT) provider that offers hardware, managed connectivity and cloud software to monitor and manage industrial assets. Anova — which monitors more than 1.8 million assets for over 2,000 customers across 80+ countries — will remain led by its current management while Aurora plans to support product investment, international expansion and add-on M&A to grow the platform; Summit Partners is reported as the seller.

Ficodis Group, a Montreal-based multispecialist industrial distributor, has acquired Tytan Glove and Safety, an Ontario-based supplier of personal protective equipment (PPE) with distribution centres in Guelph and Edmonton. The acquisition expands Ficodis' Canadian footprint, strengthens its occupational health and safety offering, and adds Tytan's online ordering, VMI and distribution capabilities to support faster nationwide delivery.

Fresnillo plc, through its wholly-owned affiliate Fresnillo Quebec Acquisition Inc., has completed the acquisition of Probe Gold Inc. for C$3.65 per share (approximately CA$770 million). The deal takes Probe private, will lead to delisting from the TSX, and gives Fresnillo entry into Canada with Probe's Novador project and a ~10Moz gold resource base and a 1,798 km² exploration land package in Quebec.

Canadian heavy equipment dealer SMS Equipment has acquired Suomen Rakennuskone Oy, a Finland-based exclusive Komatsu dealer, marking SMS Equipment's first entry into the European market. Suomen Rakennuskone, headquartered in Pirkkala, provides sales, maintenance, parts, training and technical support to Finland's construction and mining sectors; financial terms were not disclosed.

Pye-Barker Fire & Safety has acquired Coastal Sprinkler, a Beaumont, Texas-based fire sprinkler contractor, expanding Pye-Barker's fire sprinkler capabilities and service footprint across Southern Texas. Coastal Sprinkler's local team will remain in place supported by Pye-Barker's national resources; financial terms were not disclosed.

Guanajuato Silver Company Ltd. has closed the acquisition of the Bolanitos (Bolañitos) gold-silver mine and related assets (Mina Bolañitos S.A. de C.V.) from Endeavour Silver Corp. The transaction is valued at up to US$50 million (US$40 million upfront — US$30 million cash and US$10 million in shares — plus US$10 million in contingent payments tied to production milestones) and adds a 1,600 tpd flotation plant adjacent to Guanajuato Silver's San Ignacio operation, supporting district-level processing integration and near-term production growth.

Zeeco, Inc. completed the acquisition of Japan-based Applicot Corporation on January 13, 2026, bringing the long-time licensee fully into Zeeco’s operations as a wholly owned subsidiary. The deal strengthens Zeeco’s footprint in Japan and expands localized support and capabilities for EPC customers by combining Applicot’s local presence in flare and combustion systems with Zeeco’s global manufacturing and environmental solutions.

Swiss testing, inspection and certification firm SGS SA completed the acquisition of Applied Technical Services, LLC from Odyssey Investment Partners, LLC and other selling shareholders. The transaction, announced July 1, 2025 and completed January 13, 2026, is valued at roughly $1.32 billion and was financed via cash, debt and a small equity consideration to certain sellers and key employees.

Click Bond, a Carson City, Nevada-based manufacturer of adhesive-bonded fastening systems, has acquired Brighton Science, a Cincinnati-based surface intelligence and adhesion-measurement technology company. The acquisition (terms not disclosed) will pair Brighton’s Surface Analyst measurement tools and data capabilities with Click Bond’s engineering, manufacturing and aerospace assembly footprint to improve bonding reliability, R&D and customer solutions.

Chemelex has acquired substantially all assets and ongoing operations of Electric Heat Trace Group Ltd. (EHT Group), including its SmartTrace cloud and on‑premises monitoring platform. The acquisition expands Chemelex's digital capabilities for heat tracing—combining SmartTrace with Chemelex's Raychem Elexant controllers and field services to deliver predictive maintenance and remote monitoring to industrial customers.

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Russel Metals Inc. has closed the acquisition of seven U.S. metal service centers from Kloeckner Metals Corporation for US$102 million, subject to normal-course working capital adjustments. The acquired centers are located in Dubuque (Iowa), Charlotte (North Carolina), Suwanee (Georgia), Houston (Texas), Austin (Texas), Jacksonville (Florida) and Pompano Beach (Florida), and the deal expands Russel's U.S. footprint in key geographic areas.

DXP Enterprises, Inc. (NASDAQ: DXPE) completed the acquisitions of PREMIERflow, LLC and Mid Atlantic Storage Systems Inc., expanding its Innovative Pumping Solutions and Water capabilities. The deals, funded with cash on hand, add project capabilities in pump systems and liquid storage tanks to support DXP's water, wastewater, fire protection and data center end markets.