Deschenes Group Acquires Powrmatic of Canada Ltd. from Stamm International

AirX Climate Solutions Acquires Powrmatic USA

December 4, 2024

HVAC & Mechanical

AirX Climate Solutions (ACS), a Gryphon Investors-backed specialty HVAC platform, has acquired Powrmatic USA, a Finksburg, Maryland-based manufacturer of commercial and industrial heating, cooling and air turnover systems. Powrmatic, with ~30 employees, was divested by Stamm International Corporation and will operate under ACS to expand its specialty HVAC capabilities and mid‑Atlantic footprint.

Thrust Capital Partners Acquires DCM Group

December 8, 2023

Aerospace & Defense

Thrust Capital Partners, in partnership with Desjardins Capital, has acquired DCM Group, a Quebec-based manufacturer of aerostructure components, ground support equipment and MRO services. Investissement Québec remains an investor in DCM, and the company's existing management team will remain in place as TCP pursues growth and global expansion of the platform.

Thermon Group Holdings Acquires Vapor Power International

January 15, 2024

Manufacturing

Thermon Group Holdings, Inc. (NYSE: THR) has acquired Vapor Power International, a provider of electric and gas-fired boilers and steam generators, from StonePointe LLC and members of Vapor Power's management. The acquisition (reported at approximately $110 million) expands Thermon's product portfolio into electric resistance, electrode and super critical coil tube boilers, supporting its electrification and decarbonization strategy.

Ideal Supply (Groupe Deschênes) Acquires Electrical Wholesale Supply

March 1, 2024

Building Products

Ideal Supply, a subsidiary of Groupe Deschênes, has acquired Electrical Wholesale Supply, a regional electrical distributor serving Windsor and Leamington, Ontario. The acquisition expands Ideal Supply's geographic footprint in southwestern Ontario; terms were not disclosed.

Mission Critical Group Acquires DVM Manufacturing (DVM Power + Control)

April 24, 2025

Manufacturing

Mission Critical Group (MCG) has acquired DVM Manufacturing, LLC (DVM Power + Control), a manufacturer of low- and medium-voltage electrical distribution equipment. The deal expands MCG’s manufacturing footprint (adding ~350,000 sq ft across PA, GA and CT), strengthens field and aftermarket service capabilities, and adds technical expertise to support data center and industrial power solutions.

The RISE Group Acquires DG Service Company

August 8, 2024

HVAC & Mechanical

The RISE Group, an employee‑owned provider of energy, engineering, laboratory, and field services, has acquired DG Service Company, a 28‑person HVAC and refrigeration contractor based in Mattapoisett, Massachusetts. DG Service will continue to be led by co‑founder Grace Knox and operate under The RISE Group’s Built Environment division, with all current employees remaining on staff.