HKW Acquires Handling Systems and Conveyors, Inc.

Hy-Tek Holdings Acquires Advanced Handling Systems

December 21, 2021

Industrial Services

Hy-Tek Holdings, a portfolio company of Dunes Point Capital, has acquired Advanced Handling Systems (AHS), a material handling automation integrator based in Erlanger, Kentucky. AHS operates two U.S. facilities, employs about 90 people, and focuses on robotic solutions and full-service systems integration to serve end markets such as e-commerce, third-party logistics, and parcel.

Crane 1 Services Acquires Hoist & Crane Systems (Asset Purchase)

April 29, 2022

Industrial Services

Crane 1 Services Inc. purchased the assets of Hoist & Crane Systems, Inc. (H&C) in an add-on acquisition announced April 29, 2022. The asset purchase, sponsored by private equity backer L Squared Capital, expands Crane 1's service footprint into the greater Charlotte / Carolinas market and brings nearly 30 H&C employees and fabrication, inspection and maintenance capabilities into the Crane 1 platform.

HKW Acquires Electric Equipment & Engineering Co.

July 3, 2025

Manufacturing

HKW, a middle-market private equity firm, has acquired Electric Equipment & Engineering Co. (EEE), a Denver-based designer and manufacturer of electrical power distribution products serving data centers, telecommunications, broadband and utilities. The company was owned by the third-generation Morroni family prior to the transaction; financial terms were not disclosed and financing was provided by Barings and Siguler Guff.

RailWorks Corp. Acquires H&H Engineering Construction

August 23, 2022

Transportation

RailWorks Corp., a Bernhard Capital Partners-backed specialty rail contractor, has acquired H&H Engineering Construction, a rail maintenance and construction contractor operating in the Western United States. The acquisition expands RailWorks' West Coast presence and capabilities, and allows H&H to leverage RailWorks' flash butt welding resources and broader maintenance-of-way platform.

HKW Acquires Technical Toolboxes Powertools, Inc.

January 6, 2022

Cloud & SaaS

HKW, a middle-market private equity firm, has acquired Technical Toolboxes Powertools, Inc., a Houston-based provider of cloud-based analytics and compliance-oriented software for pipeline operators and related engineering and inspection firms. The acquisition will support growth and product development to expand the company's role in midstream pipeline risk management and operational efficiency; financial terms were not disclosed.

Compass Group Equity Partners Acquires Hoist & Crane Service Group

June 28, 2023

Industrial Services

Compass Group Equity Partners has partnered with Hoist & Crane Service Group, making HCSG the fifth platform in Compass Group’s Fund II. Hoist & Crane Service Group is a national provider of inspection, preventative maintenance and repair services for overhead cranes & hoists, industrial elevators, and overhead doors; the company operates 26 locations with 500+ employees and serves over 1,800 customers. Compass Group plans to invest in new locations, people and technology and expand the company’s industrial elevator and overhead door capabilities.