Tinicum Acquires KGM from Compass Group Equity Partners

Compass Group Equity Partners Acquires Wilnat, Inc. (d/b/a KGM)

February 1, 2022

Industrial Services

St. Louis-based private equity firm Compass Group Equity Partners acquired Wilnat, Inc., which does business as KGM, a Tulsa-based distributor and servicer of meters, regulators, valves, and other flow-control equipment serving utilities and municipalities. The transaction closed December 29, 2021; Compass intends to accelerate KGM's growth through geographic expansion, new product sets, and an expanded services/refurbishment offering. Tim and Nancy Wood were the selling owners.

Compass Group Equity Partners Acquires KGM (Wilnat, Inc.) with $55M Credit Facility from Comvest

February 15, 2022

Industrial Services

Compass Group Equity Partners has acquired Wilnat, Inc. (d/b/a KGM), a Tulsa-based distributor and servicer of measurement and regulation equipment for the natural gas utility industry. Comvest Credit Partners acted as administrative agent to provide a $55 million senior secured credit facility to support the acquisition and KGM's growth.

Tinicum Acquires Controlling Interest in Greene Group Industries

July 17, 2023

Manufacturing

Tinicum L.P. (Tinicum Incorporated) has acquired a controlling interest in Greene Group Industries, a California-based manufacturer of complex metal components for medical and commercial applications. The deal will keep existing shareholders and management as minority owners and aims to accelerate investments in technology, capabilities and capacity to support Greene's growth with global customers.

Tinicum Acquires Controlling Interest in Groupe Tornatech

October 10, 2024

Manufacturing

Tinicum, L.P. has acquired a controlling interest in Groupe Tornatech Inc., a Laval, Quebec-based designer and manufacturer of fire pump controllers. Tornatech's co-presidents will retain a significant ownership stake and the company will partner with Tinicum to invest in its team, product offering, capabilities, and facilities to support global growth; financial terms were not disclosed.

Tipton Mills Management Purchases Company from Compass Group Equity Partners

September 1, 2019

Food & Beverage

Tipton Mills, a Columbus, Indiana-based contract manufacturer of powdered food and beverage blends, was sold by Compass Group Equity Partners to the company’s current management team in a management buyout. Compass Group, which acquired Tipton Mills in 2015 and supported growth and a plant expansion, exited the investment after more than doubling the business’s revenues.

Tinicum L.P. Acquires Controlling Interest in Watlow

March 2, 2021

Manufacturing

Tinicum L.P. and affiliated funds managed by Tinicum Incorporated have acquired a controlling interest in Watlow, the St. Louis–headquartered designer and manufacturer of thermal systems. Financial terms were not disclosed; Desloge family shareholders and management will remain minority owners while Tinicum will support Watlow's international expansion, technology investments (Industry 4.0) and growth through strategic acquisitions.