MECOTEC Acquires Zimno Tech, Restore Hyper Wellness' Polish Manufacturing Unit

Andra Tech Group (backed by Castik Capital) Acquires Innotec Zerspanungstechnik GmbH

November 11, 2024

Manufacturing

Andra Tech Group has acquired 100% of Innotec Zerspanungstechnik GmbH, a precision-machining manufacturer based in Sinsheim, Germany; financial terms were not disclosed and managing directors Jörg and Björn Leichenich will remain in place. Innotec’s ~75 employees serve medical, optics, high-tech systems and semiconductor customers; the acquisition expands Andra Tech Group’s German footprint and capabilities and is supported by funds managed by Castik Capital, which acquired a majority stake in Andra Tech Group in September 2024.

Level 5 Capital Partners Invests $8M in Restore Hyper Wellness + Cryotherapy

June 24, 2020

Healthcare Services

Level 5 Capital Partners made an $8 million growth investment in Restore Hyper Wellness + Cryotherapy to accelerate the company's national and international expansion and fund innovation across services and Restore Labs. As part of the transaction, Level 5's Chris Kenny will join Restore's board; Restore has grown rapidly (surpassing 50 locations) and plans to scale further through franchising and new formats.

CoolSys Acquires Mechanical Engineering & Construction Corporation (MEC2)

October 1, 2024

HVAC & Mechanical

CoolSys has acquired Mechanical Engineering & Construction Corporation (MEC2), a Maryland- and Virginia-based mechanical engineering and construction firm. The acquisition strengthens CoolSys's commercial and industrial capabilities while deepening its presence in the Mid-Atlantic region.

MIRATECH Acquires Powertherm Maxim

February 16, 2023

Manufacturing

MIRATECH Group, LLC has acquired Powertherm Maxim, a Houston-based manufacturer of industrial reciprocating engine silencers, exhaust and intake systems, and related accessories, from the Nesloney family. The deal expands MIRATECH's manufacturing capacity (adding a 100,000 sq. ft. Houston fabrication shop), broadens its product portfolio and customer reach across power generation, energy infrastructure, marine and industrial markets.

Tech24 (HCI Equity Partners-backed) Acquires TEMCO, Inc.

July 25, 2022

HVAC & Mechanical

Tech24, a national provider of foodservice and commercial HVAC repair services backed by HCI Equity Partners, acquired TEMCO, Inc. on July 20, 2022. The add-on expands Tech24's footprint into the Southeastern U.S. (Jackson, Mississippi and the Gulf Coast), adding local talent and deeper exposure to foodservice and commercial HVAC customers.

Mitsubishi Electric (MEHITS) Acquires Stake in Intramech Pty Ltd

October 27, 2025

Industrial Services

Mitsubishi Electric Hydronics & IT Cooling Systems S.p.A. (MEHITS), a wholly owned subsidiary of Mitsubishi Electric Corporation, has acquired a stake in Intramech Pty Ltd., a South African sales and services company specializing in applied HVAC and IT cooling systems. The investment aims to deepen local sales, service and engineering capabilities and strengthen Mitsubishi Electric's presence and one-stop service offering across southern Africa, particularly for growing data center cooling demand.