Lasko Acquires B-Air (Intertex, Inc.)

Lasko Acquires Guardian Technologies (GermGuardian)

January 14, 2021

Consumer Products

Lasko Products, LLC has acquired Guardian Technologies, LLC, the maker of GermGuardian and PureGuardian consumer air-purification products. The deal brings Guardian's air-purification capabilities and branded product lines into Lasko's home environment portfolio; Lasko is a portfolio company of Comvest Partners with support from executive partner JW Levin Management Partners.

Aero Interiors Company (Balmoral affiliate) Acquires AeroVentions, LLC

May 14, 2019

Manufacturing

Aero Interiors Company (an affiliate of Balmoral Funds) completed a bolt‑on acquisition of AeroVentions, LLC, a designer, manufacturer and assembler of aircraft interior products based in Austin, Texas. The deal expands AIC’s product breadth, customer relationships and management talent as several senior managers from AeroVentions rejoin the platform to support growth and service quality.

Hillman Solutions Corp. Acquires Intex DIY, Inc.

August 26, 2024

Manufacturing

Hillman Solutions Corp. (Nasdaq: HLMN) has acquired Intex DIY, Inc., a supplier and manufacturer of wiping cloths, consumable rags and cleaning textiles, to expand its Protective Solutions business. The bolt-on acquisition—made through Hillman’s wholly-owned subsidiary Big Time Products, LLC—adds Intex’s product suite and manufacturing/distribution capabilities (a facility outside Atlanta, Georgia) to Hillman’s portfolio; financial terms were not disclosed.

Limbach Holdings Acquires Industrial Air (Greensboro, NC)

November 2, 2023

Industrial Services

Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Industrial Air, LLC, a Greensboro-based specialty mechanical contractor, for an initial enterprise value of $13.5 million in an all-cash transaction with up to $6.5 million of contingent earn-outs. Industrial Air, founded in 1964, provides engineered air handling, air filtration and controls to industrial and textile customers and is expected to contribute roughly $30 million of revenue and $4 million of EBITDA annually; the deal expands Limbach's geographic footprint in the Carolinas and strengthens its industrial/institutional capabilities.

Exchange Income Corporation Acquires DryAir Manufacturing Corp.

October 5, 2023

Manufacturing

Exchange Income Corporation (EIC) has acquired DryAir Manufacturing Corp. for approximately $60 million, funded with $15 million of EIC common shares issued to the vendors and $45 million of cash drawn from EIC's credit facility. DryAir — a St. Brieux, Saskatchewan manufacturer of portable hydronic heating systems founded in 1994 — will remain led by its founder and CEO following the transaction as EIC looks to grow its manufacturing segment and ensure ownership succession.

RapidAir (Engineered Specialties) Acquires Alpha-Pure Corporation

December 7, 2021

Industrial Services

Engineered Specialties, LLC d.b.a. RapidAir (a Pfingsten portfolio company) has acquired Alpha-Pure Corporation, a Michigan City, Indiana-based distributor of compressed air treatment and condensate management products. The add-on deal expands RapidAir's product portfolio and customer reach across distributors, contractors, automotive and farm & ranch retailers; the transaction closed November 19, 2021.