K-Tec Acquires Ashland Industries

K-Tec & Ashland (K.A. Group) Acquire Metalcraft of GA, Inc.

May 16, 2022

Manufacturing

K-Tec Earthmovers and Ashland Industries, operating together as K.A. Group and owned by family office Kinperium Industries, have acquired Metalcraft of GA, Inc., a manufacturer of large-capacity land-leveling and fine-grading scrapers. The Metalcraft facility in Louisville, Georgia will continue to be managed by founder Dayton Ratzlaff; the acquisition adds a Southeastern U.S. manufacturing presence and expands K.A. Group's product offerings for construction, mining and agriculture markets.

Affiliates of Imperial Group, Lorentzen Investments and Ashland Capital Acquire Metaltec Steel Abrasive Company; Graycliff Provides Credit

August 10, 2022

Manufacturing

Affiliates of Imperial Group, Lorentzen Investments and Ashland Capital Partners acquired Metaltec Steel Abrasive Company from Corinthian Capital Group in a transaction structured as a recapitalization. Graycliff Partners provided a subordinated debt facility and a minority equity co-investment to support the recapitalization; Fifth Third provided a senior credit facility to support the financing package.

Astec Industries Acquires Minority Stake in TerraSource Holdings from Hillenbrand

July 1, 2025

Manufacturing

Astec Industries has acquired Hillenbrand’s minority stake in TerraSource Holdings in a transaction valued at approximately $245 million. Hillenbrand received about $115 million from the sale, which it will use to pay down debt; the divestiture was completed July 1, 2025.

Tecta America Acquires Oshkosh Industrial Roofing & Sheetmetal

January 3, 2023

Construction

Tecta America, the national commercial roofing leader, has acquired Oshkosh Industrial Roofing & Sheetmetal, a local roofing and sheetmetal services provider based in Oshkosh, Wisconsin. The founders and key managers will continue to run the business under the Tecta banner, expanding Tecta's local footprint and service capabilities in the Oshkosh market.

Kent (Kentech) Acquires Majority of SNC‑Lavalin Resources Oil & Gas Division

July 30, 2021

Oil & Gas

Dubai‑headquartered Kent (formerly Kentech), backed by majority shareholder Bluewater, has completed the acquisition of a majority stake in SNC‑Lavalin’s Resources Oil & Gas division. The deal creates a combined business of roughly 10,000 professionals, strengthens Kent’s engineering and project‑delivery capabilities across the oil & gas value chain, and advances its energy‑transition strategy while expanding geographic reach.

Kele, Inc. Acquires A-tech, Inc.

January 11, 2022

Industrial Services

Kele, Inc., a portfolio company of The Stephens Group, LLC, has acquired A-tech, Inc., a distributor of industrial automation and process instrumentation. The business will operate as an add-on to Lesman Instrument Company to expand Kele's product breadth and regional footprint across several central U.S. states.