Reed International Acquires Stepp Manufacturing

Essex Industries Acquires Stevens Manufacturing

February 16, 2021

Aerospace & Defense

Essex Industries has acquired Stevens Manufacturing, a Milford, Connecticut-based precision machining firm that supplies OEM parts and sub-assemblies to the aerospace and defense rotorcraft market. The deal (effective February 16, 2021) expands Essex's aerospace and defense product portfolio and improves service coverage for customers in the Northeast; Stevens operates a single 62,000 sq. ft. facility with 54 employees and had been a J.H. Whitney Capital Partners portfolio company since 2014.

Daikin North America Acquires Stevens Equipment Supply

November 2, 2020

Industrial Services

Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has acquired Stevens Equipment Supply, a wholesale distributor of HVAC and commercial food service equipment based in Eagan, Minnesota. The acquisition expands Daikin's distribution footprint across roughly a dozen states, with Stevens continuing to operate under its existing name and management to support growth of its contractor customer base.

Stephenson Equipment Acquires Valley Supply & Equipment

September 6, 2024

Industrial Services

Harrisburg-based Stephenson Equipment (SEI) has acquired Valley Supply & Equipment, a construction equipment dealer with locations in Hagerstown and Baltimore, Maryland, and Manassas Park, Virginia. The deal expands SEI's geographic footprint into Maryland, Virginia and the District of Columbia, adds locations and staff (Valley employees become employee-owners) and increases SEI's total headcount to 294.

TMS International Acquires Stein (Stein, LLC / Stein Steel Mill Services, LLC)

December 31, 2020

Industrial Services

TMS International has acquired the business and assets of Stein, LLC and Stein Steel Mill Services, LLC, a family-owned provider of steel mill services headquartered in Cleveland, Ohio. The acquisition (approximately 500 employees) expands TMS's service capabilities and U.S. footprint, adding slag removal, scrap management, recycling, material handling and mill maintenance capabilities across seven states.

Milton Industries Acquires Steck Manufacturing

March 16, 2023

Manufacturing

Milton Industries, backed by financial sponsor Levine Leichtman Capital Partners (LLCP), has acquired Steck Manufacturing Company, a Dayton, Ohio-based maker of specialty hand tools for the automotive aftermarket, collision repair, lockout and towing markets. The deal is an add-on to Milton's vehicle aftermarket platform intended to expand its product offerings, distribution reach and end-market presence.

The Stephens Group Acquires Quality Valve

December 8, 2022

Industrial Services

The Stephens Group, a Little Rock-based private investment firm, acquired Quality Valve, Inc., a Mobile, Alabama-based distributor of OEM valve replacement and repair parts, from Pfingsten. The transaction closed on December 6, 2022 for undisclosed terms; Audax Private Debt provided debt financing and Lincoln International served as debt advisor.