Allied Power Group Acquires Combustion Parts Inc.

JLL Partners Acquires PowerParts Group to Build Power Turbine Aftermarket Components Platform

January 27, 2026

Industrial Services

JLL Partners acquired PowerParts Group, a provider of mission-critical aftermarket replacement parts and field services for gas- and steam-turbine power plants. The investment will serve as the foundation for an engineering-centric power generation components platform, with plans to expand capacity and capabilities through organic initiatives and strategic acquisitions.

Thermogenics Acquires Pyro Combustion & Controls

September 26, 2024

HVAC & Mechanical

Thermogenics, a North American boiler lifecycle solutions provider headquartered in Aurora, Ontario, has acquired Pyro Combustion & Controls Inc., a Las Vegas–based boiler service company. The transaction expands Thermogenics' U.S. Southwest footprint and adds local combustion, controls, piping and 24/7 service capabilities to its platform while Pyro will continue to operate under its current name.

American Pacific Group Acquires Spark Power Group Inc.

December 6, 2023

Industrial Services

American Pacific Group (APG) has completed the previously announced going-private acquisition of Spark Power Group Inc., a Oakville, Ontario-based provider of electrical power and maintenance services across North America. APG will partner with Spark Power's management to scale the business and expand its capabilities serving industrial, utility and renewable energy end-markets; the seller included Red Jar Capital Corp. and other selling shareholders.

Nichols Portland, Inc. Acquires Assets of Alpha Precision Group, LLC

December 29, 2021

Manufacturing

Nichols Portland, Inc., a portfolio company of Altus Capital Partners, acquired the assets of Alpha Precision Group, LLC (APG). APG is a diversified metal-forming manufacturer (powder metallurgy, metal injection molding, additive manufacturing and precision valve assemblies) headquartered in St. Marys, Pennsylvania, with five plants across Pennsylvania and Michigan and over 400 employees; financial terms were not disclosed.

Howden Acquires Compressor Products International (CPI)

December 22, 2021

Manufacturing

Howden has completed its acquisition of Compressor Products International (CPI), a Houston-based provider of aftermarket components and services for reciprocating compressors. The deal expands Howden's global aftermarket capabilities and service coverage across North America and Europe and adds complementary valve and aftermarket product technology to its compressor portfolio.

AEA Investors (Small Business Fund) Acquires Allied Power Group

June 17, 2019

Industrial Services

AEA Investors’ Small Business Fund (AEA SBF) has closed the acquisition of Allied Power Group, a Houston-based independent provider of aftermarket maintenance and repair solutions for heavy-frame industrial gas turbines serving the electric utility industry. AEA expects to support APG's growth initiatives, broaden its served turbine technologies and fuel types, and expand its customer base and service offerings.