Allient Inc. Acquires SNC Manufacturing Co., Inc.

Allient Inc. Acquires Sierramotion Inc.

September 25, 2023

Manufacturing

Allient Inc. (Nasdaq: ALNT) has acquired Sierramotion Inc., a privately held designer and manufacturer of high-performance motion and mechatronic solutions headquartered in Loomis, California. The acquisition adds Sierramotion's engineering, rapid prototyping and low-volume production capabilities to Allient's global manufacturing platform; financial terms were not disclosed.

Power Solutions International Acquires MTL Manufacturing & Equipment

March 5, 2026

Industrial Services

Power Solutions International has acquired MTL Manufacturing & Equipment, a Beloit, Wisconsin-based metal and steel fabricator that produces components for power generation systems, including data centers. The deal purchases 100% of MTL’s outstanding stock and is expected to strengthen Power Solutions’ competitive position in the data center market through vertical integration and improved supply chain control. Financial terms were not disclosed, and MTL’s management team will continue to lead operations post-transaction.

Storage Solutions Acquires SNC Solutions

June 28, 2022

Logistics & Distribution

Storage Solutions Inc. has acquired SNC Solutions, a California-based provider of warehouse efficiency system design and implementation. Financial terms were not disclosed; Storage Solutions said the deal will expand its capabilities and presence on the U.S. West Coast to better serve warehouses, distribution centers, and fulfillment operations.

Allied Industrial Partners Invests in JCL Energy

October 15, 2024

Industrial Services

Allied Industrial Partners, a Houston-based lower-middle market private equity firm, has made a strategic growth investment in JCL Energy, a Sharon, Pennsylvania-based distributor, renter, and service provider of pad-mounted and substation transformers. The founding team led by CEO Jim Landino will retain meaningful ownership; Allied plans to provide growth capital to expand operations, pursue add-on acquisitions, and accelerate geographic coverage across the U.S. (terms not disclosed).

Bernhard Capital-Backed Allied Power Acquires Dominion Engineering

September 14, 2023

Energy

Allied Group Holdings, LLC (Allied Power), a Bernhard Capital Partners-backed platform, has acquired Dominion Engineering, Inc., a provider of field service equipment, technology, and specialized engineering services to the nuclear power industry. The add-on acquisition expands Allied's technical service, equipment and engineering capabilities for nuclear utilities, supporting outage, decommissioning and waste management work; financial terms were not disclosed.

Toromont Industries Acquires 60% Stake in AVL Manufacturing Inc.

February 3, 2025

Manufacturing

Toromont Industries Ltd. has acquired a 60% ownership stake in AVL Manufacturing Inc., a Hamilton, Ontario-based designer and fabricator of power generation and energy storage enclosures that serves the data centre market across eastern North America. The purchase was paid in cash and Toromont shares, and Toromont has committed to buying the remaining 40% by agreed dates through 2031 based on performance; the acquisition secures supply for Toromont Power Systems and is not expected to have a material near-term impact on combined results.