The Lucas Group (BAV, Inc.) Acquires Power Manufacturing, Inc.

JLL Partners Acquires PowerParts Group

January 27, 2026

Manufacturing

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.

PCM Companies Invests in Suburban Manufacturing Group

September 6, 2023

Manufacturing

PCM Companies has made a majority investment in Suburban Manufacturing Group, a Monticello, Minnesota-based maker of fluid-power components and accessories; Suburban's owners (Mary and Brad Barger) are retaining a minority stake. The transaction creates a new platform for PCM in niche manufacturing; financing was provided by Tradition Capital Bank and Aethlon Capital advised the sellers.

Solve Industrial Motion Group Acquires B&B Manufacturing

October 20, 2025

Manufacturing

Solve Industrial Motion Group has acquired B&B Manufacturing, a U.S. maker of power transmission and precision mechanical components headquartered in La Porte, Indiana. The deal expands Solve's domestic manufacturing footprint and broadens its drive train product capabilities, enabling faster lead times and increased made-to-order capabilities for industrial customers across North America.

Limbach Holdings Acquires Pioneer Power, Inc.

July 1, 2025

HVAC & Mechanical

Limbach Holdings, Inc. (Nasdaq: LMB) acquired Pioneer Power, Inc., a full-service mechanical contractor serving the Upper Midwest, for $66.1 million in cash and borrowings. The deal expands Limbach’s footprint and industrial mechanical capabilities in the Upper Midwest and is expected to contribute approximately $120 million of annualized revenue and $10 million of adjusted EBITDA beginning in 2026.

Private Investor Acquires Busada Manufacturing Corp

October 6, 2023

Manufacturing

Generational Equity advised the sale of Busada Manufacturing Corp. (BMC), a Louisa, Virginia-based manufacturer of transparent butyrate tubing and plastic pipe, to a private investor. The transaction closed on October 6, 2023; Busada, founded in 1951, supplies custom clear tubing and related fabrication services to food, medical, pneumatic and other industrial end markets.

Ligchine International Acquires The Power Buggy Company

November 14, 2025

Manufacturing

Ligchine International has acquired The Power Buggy Company, the maker of the Power Buggy ride-on material mover. The Power Buggy business will be relocated from Independence, Ohio to Ligchine’s headquarters in Darien, Wisconsin and integrated into Ligchine’s manufacturing, engineering, and customer support operations to expand Ligchine’s construction equipment product lineup.