Afinitas Acquires Concrete Equipment Assets of Elk River Machine Company (ERMC)

Afinitas Acquires RJ Watson, Inc.

October 17, 2025

Manufacturing

Afinitas, the Afinitas platform backed by BW Forsyth Partners, has acquired RJ Watson, Inc., a Buffalo-area manufacturer of bridge bearings, seismic isolation devices and expansion joint systems. The deal expands Afinitas' capabilities beyond precast concrete into bridge, highway and heavy construction markets as an add-on to its infrastructure platform.

Afinitas Acquires Haala Industries

November 21, 2022

Manufacturing

Afinitas has acquired Haala Industries, a Sleepy Eye, Minnesota-based manufacturer of steel-fabricated products used in precast concrete and drainage applications. The deal expands Afinitas' concrete accessories portfolio and manufacturing capabilities as part of its strategy to build a leading platform of concrete technologies.

Entegra Attachments Acquires Hercules Machinery and Titan Metal Worx

June 15, 2021

Manufacturing

Entegra Attachments, a holding company for equipment-attachment manufacturers, acquired Hercules Machinery Corporation (HMC) and sister machining provider Titan Metal Worx. The transactions were supported by follow-on and mezzanine equity/debt from Entegra's investors including Capital For Business, First Capital Partners, UMB Capital Corporation, B12 Capital Partners and Entegra CEO Michael Flannery to expand production and product capabilities across Entegra's platform.

ENFRA Acquires River Mechanical Services

June 2, 2025

HVAC & Mechanical

ENFRA, a national Energy-as-a-Service (EaaS) provider (formerly Bernhard), has acquired River Mechanical Services, a Philadelphia-area mechanical contractor, to expand ENFRA’s Northeast footprint. River Mechanical will continue operating through ENFRA’s Mechanical Resource Contractors (MRC) subsidiary and will be supported by ENFRA’s national scale and asset management capabilities.

ARS Recycling Systems (Ironwood Capital) Acquires Ernest Industries Inc.

September 21, 2022

Manufacturing

ARS Recycling Systems, a portfolio company of Ironwood Capital, has acquired Ernest Industries Inc., a fabricator of short-load concrete mixers and road-striping machines. The deal expands ARS's fabrication capabilities and asset base, enabling more in-house subassembly production to improve lead times and support expansion into additional infrastructure-related markets.

American Equipment Holdings Acquires Facilities Engineering (and FP Fabrication)

January 13, 2022

Industrial Services

American Equipment Holdings, a Rotunda Capital Partners portfolio company, has acquired Facilities Engineering, a 50+-year provider of overhead crane systems and MRO field services headquartered in Anaheim, California. The transaction (which also included FP Fabrication, a former Demag facility) expands American Equipment's MRO field services footprint and new equipment/fabrication capabilities across the Western and Southwestern United States.