Tracked deals
13
13 tracked deals across 2025.
Tracked deals
13
13 tracked deals across 2025.
Buyer mix
Strategic-led
9 strategic · 3 pe
Top trend
Volume peaked in 2026
30 tracked deals announced in 2026.
Buyer Snapshot
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Aramsco | 1 | Distributor of equipment, chemicals and consumables plus ... | Strategic |
| Campine NV | 1 | Metals recycling and specialty chemicals company focused ... | Strategic |
| Cornell Capital | 1 | U.S.-based private investment firm investing across indus... | PE |
| Easy Ice | 1 | Provider of all-inclusive commercial ice machine subscrip... | Strategic |
| First Tube, LLC | 1 | Wholly owned subsidiary used to acquire American Stainles... | Mixed |
| Framatome SAS | 1 | Nuclear energy company (world leader in nuclear energy) e... | Strategic |
| Global Risk Capital (affiliate) | 1 | Long-term liability management company specializing in th... | Mixed |
| H.I.G. Capital | 1 | Global private equity and alternative investment firm pro... | PE |
| Motion Industries, Inc. | 1 | Leading industrial distributor of MRO replacement parts a... | Strategic |
| Omya | 1 | Global producer of essential minerals and distributor of ... | Strategic |
Last 9 years
Supporting Data
PureStar has acquired Emerald Textiles from Pacific Avenue Capital Partners, closing on December 30, 2025. The deal combines PureStar's hospitality laundry platform with Emerald's West Coast healthcare linen operations, creating a scaled, diversified commercial laundry provider backed by Cornell Capital.
Maven has exited its investment in DPP, a Southampton-based mechanical and electrical (M&E) maintenance contractor, selling the business to an undisclosed UK private company. The sale generated a reported return of between 2.1x and 2.5x cost for Maven client funds; DPP has over 180 employees and c.£19m turnover, serving large hospitality and retail clients via recurring maintenance contracts and project work.
Motion Industries acquired the net operating assets of Sunset Industrial, a Cerritos, California-based distributor of power transmission parts and industrial lubrication solutions, effective Nov. 1, 2025. The acquisition expands Motion's presence and service capabilities in Southern California and brings Sunset's make-to-order parts, repair, inventory management and safety training capabilities into Motion's network.
An affiliate of H.I.G. Capital has completed the acquisition of the France Workwear business from Rentokil Initial. France Workwear — a France-headquartered provider of workwear, flat-linen and hygiene rental and laundry services operating 34 sites and serving over 21,000 customers on subscription contracts — will be rebranded and positioned for independent growth across Europe; H.I.G. was advised by Jefferies and Santander.
Ecobat completed the sale of its French lead battery recycling and specialty lead manufacturing operations to Campine NV. The deal includes Ecobat’s facilities in Estrée-Saint-Denis, Bazoches, and Pont-Sainte-Maxence and represents Ecobat’s exit from the French lead operations market.
Helios Technologies has executed a definitive, all-cash agreement to sell its Australian-based hydraulic fluid power solutions and service provider business, Custom Fluidpower (CFP), to Questas Group. The transaction is valued at approximately A$83 million (about $54 million) and is expected to close in 60 to 90 days, subject to customary conditions.
Cargotec has signed an agreement to sell its MacGregor business area to funds managed by Triton for an enterprise value of EUR 480 million to support Hiab’s future growth. Closing is expected by 1 July 2025 at the latest, with MacGregor reported as discontinued operations from Q4 2024; Triton later completed the acquisition on 31 July 2025.
Triple-S Steel Holdings, Inc. (via its wholly owned subsidiary First Tube, LLC) acquired American Stainless Tubing, LLC for $16 million in an all-cash transaction. Ascent Industries Co. previously announced the sale of its remaining operating tubular asset and completed the divestiture as it repositioned as a pure-play specialty chemicals company.
Aramsco announced it is taking on Jon-Don customers after Jon-Don closed on May 9, 2025, hiring a number of Jon-Don employees and bringing several former Jon-Don branches onto Aramsco’s network. Separately, Aramsco purchased the assets of USA-CLEAN (USAC) and hired its employees; Factory Cleaning Equipment (FCE) was not acquired. Aramsco will operate USAC as one of its business units and honor certain Jon-Don customer credit terms and orders.
Peak Utility Services Group, Inc. acquired all equity interests in 5 Star Electric, Higher Power Electrical and Python Equipment from Mammoth Energy Services' subsidiary Lion Power Services LLC for an aggregate $108.7 million. Mammoth received $98.3 million in cash at closing (with $10.4 million in escrow) and said the sale increases its cash position to about $160 million to pursue other deployment opportunities.
Easy Ice acquired the ice machine leasing division of Red Rock Food Equipment and CABA Leasing, both based in Oklahoma City, expanding its footprint in Oklahoma and North Texas. The deals add local density and customer accounts to Easy Ice's managed rental platform and strengthen its position as a national provider of commercial ice solutions.
GPD Companies entered into a definitive agreement to sell its European distributor Distrupol to Omya. The transaction was subject to regulatory approvals and was anticipated to close in the first quarter of 2025; GPD later announced the sale has been completed.
Velan Inc. entered into a definitive agreement with an affiliate of Global Risk Capital to permanently divest its asbestos-related liabilities by selling Velan Valve Corp. Global Risk Capital will capitalize the U.S. subsidiary with US$143 million (plus US$7 million from the Buyer), removing asbestos liabilities from Velan’s balance sheet. Separately, Velan Valves Limited signed an MoU to sell its French subsidiaries (Segault SAS and Velan S.A.S.) to Framatome SAS for US$175.2 million (€170 million), with total consideration to Velan of US$198.4 million (€192.5 million) including transfer of an intercompany loan; definitive agreement is subject to shareholder approval.
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