Axel Johnson International Acquires Majority Stake in Royse (Rodamientos y Servicios)

Arcline Investment Management Acquires Rotating Machinery Services, Inc.

January 9, 2025

Industrial Services

Arcline Investment Management, a growth-oriented private equity firm, has acquired Rotating Machinery Services, Inc. (RMS), an OEM and leading third-party provider of parts, repair, engineering, metrology and maintenance services for turbomachinery. RMS is headquartered in Bethlehem, Pennsylvania, operates nine facilities, and will partner with Arcline and its management team to pursue growth in aftermarket turbomachinery services.

Cortec Group Acquires Rotating Machinery Services

June 1, 2019

Industrial Services

Cortec Group, through Cortec Fund VI in partnership with RMS management, acquired Rotating Machinery Services (RMS), a Bethlehem, Pennsylvania-based provider of aftermarket repair, maintenance and overhaul services for large rotating machinery. The seller was Incline Equity Partners, which had been the prior institutional investor since 2015; RMS has ~200 employees, multiple service locations (including Houston), and serves a global customer base across industrial end markets.

Swanson Industries Acquires TransAxle's Off-Highway Business

June 26, 2025

Industrial Services

Swanson Industries, a portfolio company of Turnspire Capital Partners, has acquired the Off-Highway Business of TransAxle Holdings, LLC. The acquired business — a U.S.-based remanufacturer of transmissions, differentials, hydraulics, axles and brake systems with locations in Pennsauken, New Jersey and Garner, North Carolina — will be rebranded as the Swanson Off-Highway division to expand Swanson's capabilities and service capacity in core end markets such as mining, construction and aerospace.

Royal Power Solutions Acquires Business Assets from Wieland Rolled Products North America

December 9, 2020

Manufacturing

Royal Power Solutions, an Industrial Growth Partners (IGP) portfolio company, acquired certain business assets and product lines from Wieland Rolled Products North America in two transactions (October 8 and December 9, 2020). The assets—including busbars, terminals, eyelets and shields—bolster Royal's capabilities in electrical connectivity for automotive, EV and power electronics platforms and add new manufacturing technologies and customers in mobility markets.

RelaDyne Acquires Alexis Oil Company & Global Industrial Solutions

July 21, 2021

Industrial Services

RelaDyne has acquired Alexis Oil Company and Global Industrial Solutions (collectively "Alexis/GIS"), a family-owned lubricant and commercial fuels distributor and industrial reliability services provider serving Southern California and Arizona. The acquisition extends RelaDyne's footprint into Southern California and expands its presence in Arizona as part of its ongoing regional growth strategy.

Carsoe Acquires Ryco Equipment

December 19, 2025

Manufacturing

Carsoe has acquired Ryco Equipment, a supplier of seafood processing machinery and services, in a deal effective immediately. The acquisition expands Carsoe's product portfolio and strengthens its service and parts capabilities in the US market.