Manufacturing Buyout Acquisitions in 2026

Strata Geosystems has acquired India-based Venus Interlinings, a manufacturer of advanced non-woven geotextiles and technical textiles, in a deal that includes a mix of cash and equity. The transaction adds a state-of-the-art manufacturing facility and technical capability to Strata's portfolio; Venus' CEO Ravi Taparia will continue to lead the business to ensure continuity.

L Squared Capital Partners has acquired Functional Devices, Inc., a Sharpsville, Indiana–headquartered maker of RIB relays, current sensors, power supplies and other field devices for building automation and emergency lighting. Management (led by President & CEO Mark Fernandes) invested alongside L Squared, which plans to invest in product development, commercial expansion and pursue add-on acquisitions to build out a platform in peripheral components for building automation.

Legrand has acquired Kratos Industries, a Colorado-based manufacturer of low-voltage switchboards, medium-voltage switchgear and integrated power systems, to strengthen its critical power offerings for the data center market. In parallel, Legrand participated in Accelsius' Series B to deepen capabilities in two-phase, direct-to-chip liquid cooling for high-density AI data centers.

Highland Rim Capital, a Nashville-based private equity firm, has acquired Xybix Systems, a manufacturer of ergonomic, height-adjustable workstations and control-room furniture for mission-critical environments. SDR Ventures served as Xybix's exclusive sell-side advisor and Fennemore LLP was Xybix's legal advisor; Highland Rim said the investment will support product development and broader market expansion.

An affiliate of Lone Star Funds has completed the previously announced all-cash acquisition of Hillenbrand, Inc. for an enterprise value of approximately $3.8 billion. The transaction takes Hillenbrand private (its common stock will be delisted) and Lone Star will partner with Hillenbrand's management to execute strategic growth and operational plans.

Chemical Concepts, a Pennsylvania-based supplier of adhesives and specialty chemicals, has acquired Perigee Direct, a Texas-based manufacturer and seller of specialty consumables and lab supplies. The deal expands Chemical Concepts' product portfolio, e-commerce capabilities and distribution footprint—with Perigee Direct's North Richland Hills operations serving as a strategic distribution hub for faster delivery across the Western and Southern U.S.

Patton Electronics acquired Practical Technologies Inc. (PTI), adding PTI's 20,000-square-foot Baltimore-area electronics manufacturing facility to expand Patton's Maryland production footprint and manufacturing capabilities. The deal strengthens Patton's contract manufacturing platform by adding PCB assembly, wire-and-cable harness, electro-mechanical assembly, and potting/encapsulation capabilities to support defense, aerospace, and industrial customers.

Marvell Technology, Inc. has completed its acquisition of XConn Technologies, a provider of advanced PCIe and CXL switching silicon. The deal expands Marvell's switching portfolio and strengthens its scale-up connectivity capabilities for next-generation AI and cloud data center architectures.

Valore Holdings, a private investment firm, has completed the acquisition of Mirai Casting Group from Proterial, Ltd., positioning the century-old automotive casting supplier as a standalone platform. The transaction preserves Mirai's existing leadership and operations and is supported by a $126.0 million senior secured financing package administered by Second Avenue Capital Partners; financial terms were not disclosed.

Littlejohn & Co., a Greenwich-based private investment firm, has acquired 80/20, a Columbia City, Indiana-headquartered maker of configurable modular framing solutions, from MPE Partners. The transaction (terms undisclosed) is a platform investment aimed at expanding 80/20's capabilities, geographic reach, and position in automation, robotics, and modular industrial design markets.

Lutron Electronics has acquired Tanury Industries, a Rhode Island-based metal finishing and plating company that has supplied Lutron with metal faceplates for more than 25 years. The acquisition brings plating and coating capabilities in-house to support Lutron’s premium metal finishes and will keep Tanury operating in Lincoln, Rhode Island while expanding investment in its capabilities across end markets including automotive, aviation, marine, and luxury products.

An affiliate of H.I.G. Capital has completed the acquisition of CargoTuff, a Virginia-based manufacturer and distributor of load securement products including dunnage airbags, lashing, and strapping. H.I.G. said it will support CargoTuff's growth and expansion of product capabilities and its global manufacturing footprint while CargoTuff's management team will remain in place.

Terex Corporation has completed its merger with REV Group, combining complementary specialty-vehicle and equipment product lines to form a larger specialty equipment manufacturer. The combined company — which will trade on the NYSE as Terex Corporation — expects $75 million of run-rate synergies by 2028 and anticipates lower capital intensity and strong free cash flow.

Quantum Computing Inc. (QCi) completed an all-cash acquisition of Luminar Semiconductor, Inc. (LSI), a wholly owned subsidiary of Luminar Technologies, in a transaction valued at $110 million. The deal brings LSI’s lasers, detectors, advanced packaging, and manufacturing capabilities into QCi’s thin-film lithium niobate photonics platform to create a vertically integrated, domestically manufactured photonics and quantum technology offering and to strengthen near-term revenue and defense/aerospace market access.

NUBURU, Inc. has completed the acquisition of Italian laser manufacturer Lyocon S.r.l., re-establishing an operational, revenue-generating blue-laser industrial platform. The deal consolidates Lyocon's manufacturing and systems-integration capabilities into NUBURU's Defense & Security platform to accelerate commercialization across advanced manufacturing and dual-use defense applications.

Columbus McKinnon Corporation completed its acquisition of Kito Crosby Limited from funds managed by KKR, creating a larger global leader in lifting and securement solutions. The transaction was financed in part by an $800.0 million Series A preferred share investment from CD&R and is expected to realize $70 million of net annual run-rate cost synergies while expanding product capabilities and geographic scale.

GE Vernova completed the purchase of the remaining 50% stake in Prolec GE from joint-venture partner Xignux for $5.275 billion, funded with an equal mix of cash and debt. The acquisition converts the long-running JV into a wholly owned business and brings Prolec GE (roughly 10,000 employees across seven manufacturing sites in the Americas) fully into GE Vernova’s Electrification segment to expand manufacturing capacity and services for North American grid markets.

Element Solutions Inc has completed the acquisition of Micromax, the electronic inks and pastes business formerly owned by Celanese. The deal (previously announced at $500 million) expands Element Solutions' Electronics portfolio and was funded in part by a $450 million add-on to the company's term loan and a new $500 million revolving credit facility.

Alamo Group Inc. completed its acquisition of Petersen Industries, a manufacturer of truck‑mounted grapple loader equipment, finalizing a deal first announced with a purchase agreement on December 10, 2025. Alamo said the purchase expands its material‑handling and vegetation‑management product offering and will leverage Alamo’s sales channels to broaden Petersen’s market coverage and support product development.

ACCO Brands Corporation has completed its acquisition of EPOS from Demant, adding the premium enterprise wired and wireless headset and audio solutions business to ACCO's portfolio. The deal expands ACCO's technology accessories and audio capabilities and brings EPOS's Denmark-based manufacturing and enterprise-focused product line under ACCO's ownership.

JLL Partners has acquired PowerParts Group, a precision manufacturer and field-services provider of aftermarket components for gas- and steam-turbine power plants, from Mangrove Equity Partners. JLL intends to use PowerParts Group as the foundation of a new engineering-focused power-generation components platform and plans to expand capacity and capabilities through organic investment and strategic acquisitions.

Crane Company completed multiple acquisitions effective January 1, 2026, including the Precision Sensors & Instrumentation (PSI) businesses Druck, Panametrics and Reuter‑Stokes acquired from Baker Hughes (a transaction announced at ~$1.15 billion) and optek‑Danulat (acquired from JD Group). The deals add advanced optical and process‑control sensing capabilities (optek‑Danulat reported ~$40 million of sales in 2025) to Crane’s Process Flow Technologies and Aerospace & Advanced Technologies platforms and are currently being integrated.

NEXA (formerly Social Mobile) has completed its acquisition of Sonim Technologies, integrating Sonim’s ultra-rugged, mission‑critical device portfolio into NEXA’s enterprise mobility solutions. The deal transitions Sonim from a publicly traded company to a privately held entity and is intended to expand NEXA’s product capabilities and address enterprise, government and public safety end markets.

Graham Corporation (NYSE: GHM) acquired 100% of FlackTek Manufacturing, LLC and FlackTek Sales, LLC for a $35 million base purchase price (85% cash, 15% stock via 75,818 shares) plus up to $25 million of performance‑based earnouts. The acquisition adds advanced materials processing as a third core platform for Graham and keeps FlackTek headquartered in Louisville, Colorado (satellite in Greenville, South Carolina) as a wholly owned subsidiary; FlackTek reported approximately $30 million in annualized revenue.

Diligent Inc has acquired Quasi Robotics, a US-based developer of Autonomous Mobile Robots (AMRs) including the Model C2, for an undisclosed amount. The acquisition expands Diligent's portfolio into industrial automation and intralogistics, integrating Quasi's user-focused AMR technology to accelerate deployment and operational efficiency across customer facilities.

Michelin has completed the acquisition of Cooley Group, a Rhode Island–headquartered designer and manufacturer of high-performance polymer coated fabrics, for an undisclosed sum financed from available cash. Cooley, which has about 300 employees, four North American factories and reported $168 million in 2025 revenue, will expand Michelin's capabilities in industrial coated fabrics and complementary geographies.

Federal Signal Corporation (NYSE: FSS) completed the acquisition of Mega Corp., a manufacturer of specialty vehicles and equipment for the global metal extraction and construction markets, for $45.5 million in cash (subject to post-closing adjustments). Mega generated about $40 million in net sales for the year ended December 31, 2024 (with roughly 30% from aftermarket parts), operates a manufacturing facility in Albuquerque, New Mexico, and approximately 95 employees joined Federal Signal; the company said the transaction strengthens its specialty vehicle platform and is expected to be accretive to earnings and cash flow in 2026.

ProClip USA, a Madison, Wisconsin-based provider of precision mobile mounting solutions, has acquired INOVATIV, a U.S. designer and manufacturer of premium carts and workflow support systems. The acquisition will combine complementary engineering and manufacturing capabilities to accelerate product development, expand industry reach, and deliver more integrated workflow solutions to professional customers worldwide.

Bauer Sheet Metal and Fabricating, a nearly 100-year-old family-owned metal fabricator based in Muskegon, Michigan, was acquired by BSM Acquisition, LLC of Cincinnati, Ohio. The owners sold the business to facilitate their retirement and ensure continuity under new ownership; financial terms were not disclosed.

SPX Technologies has completed the acquisition of Montréal-based Thermolec Ltd. for CA$195 million (approximately US$140 million). Thermolec, a manufacturer of custom electric duct heating and related HVAC solutions with nearly 200 employees and about US$35 million in annual revenue, will join SPX's HVAC Electric Heat business to expand product capabilities and grow sales in the U.S. and Canada.

Sumco, a division of Industrial Manufacturing Group (IMG), has acquired National Integrated Industries (NII), a Waterbury, Connecticut-based manufacturer providing electroplating and custom injection molding services. The acquisition expands IMG/Sumco's manufacturing and finishing capabilities and broadens its geographic footprint across the U.S.; financial terms were not disclosed.

LightPath Technologies, Inc. (NASDAQ: LPTH) has acquired the assets of Amorphous Materials, Inc. (AMI) for $7.0 million in cash with up to $3.0 million of potential milestone-based equity consideration. The acquisition brings AMI's chalcogenide glass compounding and large-diameter glass melting capabilities (up to 17") into LightPath's portfolio, adding manufacturing capacity, NDAA-compliant redundancy in Texas, and an expected ~$3.0 million in incremental annual revenue.

Alliant Power has acquired Capital Reman Exchange, a Denver-based remanufacturer of Class 8 diesel engines and components, to expand its heavy-duty engine remanufacturing capabilities and provide more end-to-end solutions for service shops, fleets, and dealers across North America. The deal integrates Capital Reman's machine shop and remanufacturing expertise with Alliant Power's OE-critical parts and value-added solutions to offer premium overhaul kits, long blocks built to OE specs, and expanded fuel and air system offerings.

Memphis-based family office SouthWorth Capital Management has acquired American Furniture Manufacturing (AFM), a vertically integrated producer of upholstered residential furniture headquartered in Ecru, Mississippi. AFM operates over 700,000 square feet of manufacturing and assembly space, employs more than 650 people across its subsidiaries (Peak Living, Independent Furniture Supply, Delta Furniture Manufacturing, Southern Fibers), and will partner with SouthWorth to accelerate growth and expand market reach; financial terms were not disclosed.

Butterfly Equity has completed its acquisition of ePac Holdings, the San Diego–headquartered digitally printed flexible packaging provider, from an investor consortium that included Amcor and Indevco North America; financial terms were not disclosed. The deal establishes ePac as Butterfly’s first platform investment in packaging and keeps incumbent management (including CEO and co‑founder Virag Patel) in place with a significant retained ownership stake as Butterfly backs ePac’s growth across its 14 North American facilities and its proprietary ePacONE technology.

Teledyne Technologies has acquired DD-Scientific Holdings Limited (and its subsidiary DD-Scientific Limited), a U.K.-based developer and manufacturer of electrochemical gas sensors headquartered in Fareham. The acquisition adds lead-free electrochemical sensor technology to Teledyne's sensor and instrumentation portfolio to support customers across industrial safety, medical, and environmental monitoring markets; financial terms were not disclosed.

IES Holdings, Inc. completed the acquisition of Gulf Island Fabrication, Inc., buying all outstanding common stock for $12.00 per share in cash (approx. $192 million equity value). Gulf Island will join IES's Infrastructure Solutions segment, expanding IES's fabrication capacity and capabilities to better serve data center, energy and government customers.

Alpha Technologies has acquired Metravib Material Testing, a French designer of dynamic mechanical analysis (DMA) and material testing instruments, expanding Alpha's product portfolio into DMA and fatigue testing. The deal broadens Alpha's testing capabilities and global reach, adding a France-based engineering and instrument business to its U.S. headquarters in Hudson, Ohio.

MIRATECH, a Tulsa-based provider of emissions and acoustic control solutions, has acquired Advanced Catalyst Systems (ACS), a Maryville, Tennessee manufacturer of catalyst technologies and emission control systems. The acquisition expands MIRATECH’s U.S. catalyst manufacturing capacity, strengthens its East Tennessee footprint, and brings ACS' proprietary coating and substrate capabilities into MIRATECH’s platform to accelerate R&D and support growing emissions-compliance demand.

Canerector has acquired Liberty Casting, a Delaware, Ohio-based cast iron foundry operating two facilities that produce gray and ductile iron castings. The acquisition expands Canerector's foundry capabilities and size-range capacity while preserving Liberty Casting's local leadership and operational continuity.

J.F. Lehman & Company, via an affiliate of JFL Equity Investor VI, L.P., acquired a majority interest in Wellman Dynamics, a Creston, Iowa-based manufacturer of large-scale magnesium and aluminum sand castings. TRM Equity sold the majority stake and will retain a meaningful minority position; the deal is positioned as a platform investment to expand Wellman's manufacturing capacity and pursue new aerospace and defense programs.

Primient has acquired full ownership of Primient Covation, the producer of Susterra® and Zemea® 1,3-propanediols. Terms were not disclosed; the acquisition integrates Primient Covation's plant-based diols into Primient's sustainable ingredients portfolio to expand capability and market offerings. The move is intended to generate operational synergies and accelerate development and scale-up of sustainable bio-based materials.

AIM Investment Group has acquired Micro Forms, Inc., a Garland, Texas-based precision metal stamping and engineering manufacturer founded in 1967. Micro Forms will continue to operate under its existing name and structure while gaining AIM IG's long-term investment support as AIM expands its portfolio of industrial businesses.

TerraVest Industries has acquired KBK Industries, LLC, a Rush Center, Kansas-based manufacturer of large-volume aboveground and belowground fiberglass and steel tanks. The transaction enabled Main Street Capital Corporation to fully exit its debt and minority equity investments in KBK after a 20-year partnership; TerraVest said the acquisition expands its tank manufacturing capabilities and U.S. footprint.

CompoSecure completed its business combination with Husky Technologies on January 12, 2026, rebranding the corporate entity to GPGI, Inc. The combined business is valued at $7.4 billion and was funded by a ~$2.0 billion PIPE, a ~$1.0 billion equity rollover from Platinum Equity, and ~$2.0 billion of debt; Husky will operate as a standalone reporting segment alongside CompoSecure under the new permanent-capital platform.

National Manufacturing Group, a multi-plant OEM supplier based in Troy, Michigan, has acquired J.M. Hutton & Co., a Richmond, Indiana metal fabricator with a 275,000-square-foot production facility. The deal expands National's metal stamping, laser cutting, and powder-coating capabilities and advances its vertical-integration strategy to better serve OEM customers in vocational truck, medical, food service and casket markets.

Daboosh Investments, an independent sponsor based in Cleveland, has completed the acquisition of GS Industries of Bassett (GSIB), a custom injection molding manufacturer headquartered in Bassett, Virginia. Halifax West served as exclusive financial advisor, led the debt financing, and made a minority co-investment to support the transaction and future growth plans for GSIB.

TerraVest Industries Inc. (TSX: TVK) acquired KBK Industries, LLC, a Houston-based manufacturer of fiberglass and steel storage tanks, for US$90.0 million in cash (subject to a working capital adjustment). The acquisition expands TerraVest's U.S. tank manufacturing footprint and complements its existing fiberglass tank operations, providing additional channel opportunities (notably in the convenience-store segment) and geographic diversification.

ProMach has acquired American Holt, DMA Solution, and Pride Engineering (collectively “AmHolt”) from Arcline Investment Management. The AmHolt businesses—providers of engineered aftermarket parts and precision components for food, beverage and CPG packaging lines with facilities in Massachusetts, Quebec and Minnesota—will join ProMach's Primary Packaging business unit to broaden its product solutions and lifecycle service capabilities.

ProSys Fill LLC, a Webb City, Missouri-based filling equipment manufacturer, has purchased Pendergraph Machines of Durham, North Carolina. The acquisition brings hot-melt and cosmetic/ nutraceutical filling capabilities into ProSys's product portfolio to complement existing filling lines and expand its addressable markets.