Walbro Acquires Cascade Engineering's Powersports Business

Nova Capital Management and Landon Capital Partners Acquire Walbro Co. Ltd.

November 2, 2021

Manufacturing

London- and Chicago-based private equity firm Nova Capital Management, in partnership with Landon Capital Partners, has acquired Walbro Co. Ltd., a global manufacturer of engine management and fuel systems. Walbro, founded in Michigan and headquartered in Virginia, operates manufacturing sites in multiple countries and employs over 2,300 people; financial terms were not disclosed.

Summit Hydraulics (North Branch Capital) Acquires PowerX International

May 14, 2024

Manufacturing

Summit Hydraulics, a portfolio company of North Branch Capital, has acquired PowerX International, a Waukesha, Wisconsin-based supplier of high-pressure hydraulic cylinders and pumps. The add-on transaction closed on May 1, 2024 and expands Summit's product offering and access to OEM and distributor end markets (construction, agriculture and other industrial equipment).

Walstrom Marine Acquires Grand Bay Marine

November 15, 2023

Retail

Walstrom Marine has acquired Grand Bay Marine, a Michigan-based full-service boat dealership with locations in Traverse City and Charlevoix. The seller, Liz Carney and her family, will assist with the transition while Grand Bay's 38 employees remain; the deal expands Walstrom's footprint across the Great Lakes and adds the Regal brand to its portfolio. The investor group led by Continuum Ventures (the DeVos family office) — which previously invested in Walstrom — will own Grand Bay through their stake in Walstrom.

Cornerstone Capital Holdings Acquires Powers Equipment Company

May 1, 2019

Manufacturing

Cornerstone Capital Holdings acquired Powers Equipment Company, a manufacturer of commercial refrigeration equipment, on May 1, 2019. Cornerstone will partner with Ken Regula as President and CEO as the family-owned Powers business transitions ownership from the Powers family.

Lubrication Engineers (Aurora Capital) Acquires SWEPCO from Key Polymer (DalFort)

July 11, 2025

Manufacturing

Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired SWEPCO (Southwestern Petroleum Lubricants) from Key Polymer Holdings, an affiliate of DalFort Capital Partners. The transaction is an add-on acquisition intended to expand LE’s specialty grease and lubricants portfolio, including food-grade and industrial formulations; financial terms were not disclosed.

Action Power Sports Acquires Don & Roy's MotorSports

April 1, 2022

Retail

Action Power Sports, a Waukesha-based powersports dealership, acquired Don & Roy's Cycle Shop (dba Don & Roy's MotorSports), a long-standing family-owned powersports dealership in Brookfield, Wisconsin. The sale, advised by Generational Equity, closed on April 1, 2022 and transfers ownership of Don & Roy's new/used vehicle sales, parts and service operations to Action Power Sports to support employees and customers.