The Gorman-Rupp Company Acquires Fill-Rite and Sotera (Tuthill Division)

Grundfos Acquires Newterra

August 22, 2025

Industrial Services

Danish water solutions leader Grundfos has acquired Newterra, a Pittsburgh-area designer and manufacturer of water and wastewater treatment systems, to strengthen its water treatment capabilities and expand its presence in North America. The deal boosts Grundfos' water treatment workforce in Europe and North America and supports its goal to grow its US business.

Milton Street Capital Majority Recapitalizes PurgeRite, LLC

October 4, 2023

HVAC & Mechanical

Milton Street Capital completed a majority recapitalization investment in PurgeRite, LLC, a provider of mechanical flushing and filtration services for water-based HVAC and geothermal systems. GulfStar Group served as exclusive financial advisor; the investment will fund geographic expansion, increased capacity, and investments in people, equipment, and technology to support growth across mission-critical end markets such as data centers, semiconductor fabrication, education, and healthcare.

United Flow Technologies Acquires Sydnor Hydro

September 5, 2025

Industrial Services

United Flow Technologies (a H.I.G. Capital portfolio company) has acquired Sydnor Hydro Inc., a Virginia-based pump distributor and repair services provider focused on groundwater, water and wastewater systems. The acquisition strengthens UFT's Mid-Atlantic presence and pump service capabilities while expanding its municipal, industrial and government customer coverage in Virginia, eastern North Carolina, South Carolina and Maryland.

Vertiv Acquires PurgeRite to Expand Liquid Cooling and Fluid Management Services

December 4, 2025

Industrial Services

Vertiv Holdings Co. completed the acquisition of PurgeRite (Purge Rite Intermediate LLC) for approximately $1.0 billion, enhancing Vertiv's fluid management and liquid-cooling service capabilities for data centers, HPC and AI environments. PurgeRite—headquartered in Texas—brings specialized mechanical flushing, purging and filtration expertise and proprietary technologies to strengthen Vertiv's end-to-end thermal management offerings.

The Rapid Group Acquires Pumping Solutions, Inc.

December 10, 2025

Industrial Services

The Rapid Group, a portfolio company of Hidden Harbor Capital Partners, has acquired Pumping Solutions, Inc., a Clifton, New Jersey provider of pump service, repair, machine-shop capabilities and emergency response for high‑rise commercial and residential buildings. The add-on expands TRG’s service capabilities and geographic reach into the Northern New Jersey/New York metropolitan market while Pumping Solutions’ management will continue to run day-to-day operations.

Flowserve Acquires Greenray Turbine Solutions

December 16, 2025

Industrial Services

Flowserve Corporation has acquired U.K.-based Greenray Turbine Solutions Limited for approximately $72 million in cash. The purchase expands Flowserve's aftermarket capabilities and durable revenue base in industrial gas turbines and is expected to add roughly $25 million of annual revenue.