Power VAC Acquires Strain Electric Company

PowerVac of Michigan Completes Majority Recapitalization of The Precision Group

May 18, 2023

Environmental Services

PowerVac of Michigan, a portfolio company of Pillsman Partners and Peninsula Capital Partners, has completed a majority recapitalization of The Precision Group, an environmental and infrastructure services provider headquartered in Schenectady, New York. The deal brings together Precision’s industrial cleaning, trenchless pipe rehabilitation and hazardous‑waste capabilities with PowerVac’s platform to expand geographic reach and service offerings across regional municipal, commercial and industrial markets. Auctus Capital Partners acted as exclusive advisor to The Precision Group.

Pillsman Partners and Peninsula Capital Recapitalize PowerVac of Michigan (PVM)

August 30, 2019

Industrial Services

Greenwich-based Pillsman Partners and Detroit-based Peninsula Capital Partners completed a majority recapitalization of PowerVac of Michigan (PVM), a Novi, Michigan provider of hydro-excavation, jet/vac, sewer inspection, plumbing, electrical and facilities maintenance services. The transaction, which included participation from PVM management and provided partial founder liquidity, will fund organic growth and targeted acquisitions to expand the company's service footprint.

PowerVac of Michigan Acquires Fire & Ice Mechanical

August 7, 2020

HVAC & Mechanical

PowerVac of Michigan (PVM), together with Peninsula Capital Partners and management, has acquired Fire & Ice Mechanical, a Sterling Heights, Michigan-based full-service commercial and industrial heating and cooling contractor. The acquisition expands PVM's service capabilities and geographic presence in Southeast Michigan by adding F&I's emergency service, preventive maintenance and system upgrade offerings.

Electro-Mechanical Acquires Powercon Corporation

October 24, 2025

Manufacturing

Electro-Mechanical, LLC has acquired Powercon Corporation, a Severn, Maryland-based manufacturer of custom medium voltage switchgear, e-houses, and modular substation power systems. The deal strengthens Electro-Mechanical's capabilities in medium voltage switchgear and integrated power distribution solutions for utility, data center, and critical infrastructure customers across North America.

Charger Investment Partners Acquires Versa-Drill

July 1, 2025

Manufacturing

Charger Investment Partners has partnered with Versa-Drill's management to acquire the Indianapolis-based manufacturer of mid-sized drilling rigs. Charger will provide growth capital to accelerate new product development and expand aftermarket parts and service offerings while founder and management retain significant ownership.

Valicor Environmental Services Acquires Strength Environmental

September 18, 2019

Industrial Services

Valicor Environmental Services, a portfolio company of Pritzker Private Capital, has acquired Strength Environmental, LLC, a non-hazardous waste and centralized wastewater treatment provider headquartered in Inkster, Michigan. The acquisition expands Valicor’s treatment footprint and adds Strength Environmental’s PFAS/PFOA treatment and disposal capabilities in Southeast Michigan.