Benshaw Acquires Excel Industrial Electronics

Fusion Capital Partners Acquires Excel Engineering, Inc.

January 6, 2026

Industrial Services

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Horsburgh & Scott Acquires Excel Gear Company

November 2, 2023

Manufacturing

Horsburgh & Scott, a Cleveland-based manufacturer of custom-engineered gearing solutions, has acquired Excel Gear Company, a precision gear manufacturer in Roscoe, Illinois. The deal expands Horsburgh & Scott's manufacturing capabilities and Midwest footprint while preserving Excel Gear's management and operations at the Roscoe facility.

Taconic Capital Holdings Acquires Excel Mechanical, Inc.

July 14, 2023

HVAC & Mechanical

Taconic Capital Holdings, a private investment firm based in Boca Raton, Florida, acquired Excel Mechanical, Inc., an HVAC and plumbing contractor headquartered in Tewksbury, Massachusetts. The transaction closed on July 14, 2023 and was advised by Generational Equity.

Bailey International Acquires Industrial Electronic Controls (IEC)

April 11, 2023

Manufacturing

Bailey International, backed by EBSCO Capital, has acquired Industrial Electronic Controls (IEC) to expand its electronics product portfolio and engineering capabilities in electronic throttles, displays, and sensors. The deal strengthens Bailey’s ability to serve OEM customers across agriculture, construction, forestry and transportation with more integrated mobile and industrial electronic control solutions.

Alpine 4 Technologies Acquires Excel Fabrication, LLC

February 24, 2020

Construction

Alpine 4 Technologies, Ltd. (ALPP) has acquired Excel Fabrication, LLC, a Twin Falls, Idaho-based metal fabrication and construction services company. The acquisition expands Alpine 4's Construction Services portfolio and adds fabrication, installation, maintenance and repair capabilities serving industrial and food & beverage customers across the western United States.

3Phase Elevator Acquires Excel Elevator

January 7, 2020

Industrial Services

3Phase Elevator Corp., a New England-based independent elevator maintenance and modernization provider, has acquired Excel Elevator & Escalator Corp., a Staten Island, New York-based vertical-transportation services company. The deal, backed by Fort Point Capital and financed by BMO Sponsor Finance, expands 3Phase's geographic footprint along the I-95 corridor to cover ten states and strengthens its position as a leading independent elevator services platform.