Industrial Growth Partners Acquires Hydromax USA, LLC

Pro-Vac Acquires Hydromax

May 10, 2024

Industrial Services

Pro-Vac, backed by majority owner Gallant Capital Partners, has acquired Hydromax, a Corpus Christi-based hydroexcavation services provider. The deal expands Pro-Vac’s subsurface infrastructure capabilities and strengthens its presence in South Texas, with Gallant committing additional capital to support growth of the combined business.

Industrial Growth Partners Acquires AEM

September 13, 2021

Manufacturing

Industrial Growth Partners (IGP), in partnership with management and certain outside investors, acquired AEM (Holdings) Inc., AEM Group Limited and subsidiaries, creating a new platform investment to accelerate the company's growth. Founders Daniel and Cai Li Chang sold the company but retain a significant minority equity stake; Daniel Chang was named Chairman and Rick Busch was appointed CEO.

XPV Water Partners Invests in Holland Pump Company

March 27, 2019

Industrial Services

XPV Water Partners, a growth equity investor focused on water solutions, has invested in Holland Pump Company, a West Palm Beach-based specialty pump rental, manufacturing and service provider. The capital will be used to accelerate growth and expand Holland Pump's capabilities and geographic footprint across infrastructure, industrial and agricultural end markets. Holland Pump operates multiple branch locations in the southeastern United States and offers rental, sales, manufacturing and 24/7 monitoring and service for dewatering and specialty pump applications.

Levine Leichtman Capital Partners Acquires USA Water

February 22, 2024

Utilities

Levine Leichtman Capital Partners (LLCP) has acquired USA Water from Warren Equity Partners, with management reinvesting and continuing to lead the company. Headquartered in Rosenberg, Texas, USA Water provides operations and maintenance (O&M) services for water and wastewater systems across the Southeast United States; LLCP plans to broaden its service capabilities and geographic footprint through organic growth and strategic acquisitions.

Industrial Growth Partners Acquires ASPEQ Heating Group

November 8, 2019

Manufacturing

Industrial Growth Partners V, L.P. (IGP), in partnership with management and certain outside investors, has acquired ASPEQ Heating Group LLC, a St. Louis-based manufacturer of custom-configured electric heating and thermal management products. IGP intends to use the transaction as a platform investment to accelerate ASPEQ's growth by enhancing its go-to-market strategy and product portfolio, expanding end-market reach, and pursuing add-on acquisitions.

Warren Equity Partners Acquires Majority Stake in Magnolia River

April 20, 2021

Engineering Services

Warren Equity Partners acquired a majority interest in Magnolia River International, Inc., a Decatur, Alabama–based provider of inspection, engineering, and GIS services for natural gas pipeline and water utility infrastructure. The PE firm plans to support Magnolia River's organic growth and pursue an acquisition strategy to scale the company across the fragmented utility infrastructure services market; financial terms were not disclosed.