Hubbell Electric Heater Holdings LLC Acquires RECO USA

H.I.G. Capital Acquires BECO Holding Company from Behrman Capital

November 4, 2021

Logistics & Distribution

An affiliate of H.I.G. Capital has acquired BECO Holding Company, Inc. from Behrman Capital; financial terms were not disclosed. BECO, headquartered in Charlotte, North Carolina, operates 16 distribution centers and provides fire suppression, life safety and kitchen system products and services; the company's leadership will remain with a significant ownership stake in the recapitalized business.

Herc Holdings Acquires H&E Equipment Services

February 19, 2025

Industrial Services

Herc Holdings Inc. acquired H&E Equipment Services in a transaction valued at $5.3 billion (including $1.5 billion of assumed debt), after outbidding United Rentals during a go-shop period. Under the terms, H&E shareholders received $78.75 in cash and 0.1287 shares of Herc common stock per share (approximately $104.89 per share based on Herc VWAP), H&E shares ceased trading on NASDAQ, and the combined company expands Herc's footprint, fleet and scale across North America.

Zeeco Acquires Devco Process Heaters

December 5, 2025

Manufacturing

Zeeco, a Tulsa-based provider of combustion and environmental solutions, has acquired Devco Process Heaters, a Tulsa-based fired-heater design and manufacturing company; the deal was finalized on December 5, 2025. The acquisition brings Devco's brand, products, technical expertise and employees into Zeeco to expand its midstream oil & gas fired-heater capabilities and to offer more complete, single-source combustion equipment, installation, field service and aftermarket solutions.

EMCOR Group Acquires ECM Holding Group

July 5, 2023

Energy

EMCOR Group, Inc. has agreed to acquire ECM Holding Group, Inc., a national energy-efficiency specialty services firm headquartered in Oshkosh, Wisconsin, in an all-cash transaction. The acquisition expands EMCOR's energy efficiency and sustainability services capabilities, adding ECM's HVAC, lighting, water, weatherization and airflow management offerings (ECM had estimated 2023 revenues of $60 million).

H.I.G. Capital Acquires Hart & Cooley, LLC

October 7, 2020

Building Products

H.I.G. Capital, through an affiliate, acquired Hart & Cooley, LLC from Johnson Controls International plc in October 2020. The private equity buyer will operate Hart & Cooley as a standalone company alongside current management to pursue growth, innovation and operational improvements across its HVAC and air-distribution manufacturing footprint.

D.H.T. Holdings Acquires Rohr Gasoline Equipment

December 20, 2021

Industrial Services

Reese-based D.H.T. Holdings, Inc. has acquired Byron Center-based Rohr Gasoline Equipment, Inc., a long-established provider of fuel station equipment installation, maintenance and tank services. The purchase, led by Calder Capital as adviser to Rohr, transfers ownership from Mitch Veenstra to D.H.T. to expand D.H.T.'s service capabilities in petroleum equipment and regional service-station support.