Duravant Acquires T-TEK Material Handling

Holleway Capital Partners Acquires T-TEK Material Handling with Investment from Capital For Business

August 15, 2021

Manufacturing

St. Louis-based private equity firm Holleway Capital Partners has acquired T-TEK Material Handling, a Montgomery, Alabama manufacturer of high-speed palletizing, depalletizing and conveying systems. The transaction was completed with subordinated debt and equity provided by Capital For Business (CFB), and T-TEK management (Michael and Brian Traff) rolled/retained ownership and will remain with the company.

Duravant Acquires PPM Technologies from Stonehenge Partners

July 24, 2023

Manufacturing

Duravant LLC, a global engineered equipment and automation solutions provider, has acquired PPM Technologies from Stonehenge Partners. The acquisition adds PPM’s conveying, coating, and thermal food-processing equipment to Duravant’s portfolio — complementing Key Technology and enhancing Duravant’s ability to offer turnkey, integrated processing lines and expanded aftermarket services.

Rehrig Pacific Acquires QTEK Design

April 16, 2024

Logistics & Distribution

Rehrig Pacific Company has acquired QTEK Design, a provider of pallet handling and dispensing machinery, to integrate QTEK’s automation products (including the RFID-enabled DStacker) into Rehrig’s material‑handling and supply‑chain solutions. The purchase expands Rehrig Pacific’s product and technology capabilities to improve warehouse efficiency across end markets such as cold storage, retail, and pharmaceuticals.

Duravant Acquires Matthews' Warehouse Automation Business

December 31, 2025

Manufacturing

Duravant, LLC has completed the acquisition of the Warehouse Automation business from Matthews International Corporation. Matthews received $232.1 million in total consideration for the business (cash plus assumption of liabilities); the business generated $72 million in sales in fiscal 2025 and Matthews said proceeds will be used to reduce outstanding debt.

Inovar Packaging Group Acquires ModTek

April 3, 2025

Manufacturing

Inovar Packaging Group has acquired ModTek LLC, a regional prime label producer based in Pennsauken Township, New Jersey. The add-on acquisition expands Inovar’s Northeast production and distribution capacity and adds pressure-sensitive, flexographic/digital and premium embellishment capabilities to its platform.

Tencarva Machinery Company, Backed by Bessemer Investors, Acquires Hoffman-Kane Distributors

February 17, 2026

Industrial Services

Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.