Bettcher Industries Acquires ICB Greenline

GreenArrow Acquires HBC Company

June 12, 2026

Industrial Services

GreenArrow has acquired HBC Company (“HBC”), a Lodi, New Jersey-based electrical services provider focused on highway/intersection lighting, intelligent transportation systems, and aviation lighting. The acquisition strengthens GreenArrow’s Mid-Atlantic transportation infrastructure footprint, extending its presence beyond eastern Pennsylvania into New Jersey and southern New York; financial terms were not disclosed.

Greenwood Industries Acquires Gilbert Becker Co., Inc.

April 30, 2026

Building Products

Greenwood Industries announced it has acquired Gilbert Becker Co., Inc., a Massachusetts-based specialty commercial roofing contractor focused on artisan roofing and historic restoration. Gilbert Becker will continue operating under its existing name, while the acquisition expands Greenwood’s ability to deliver technically complex, high-visibility roofing projects across the Northeast.

Industrial Chimney Company Acquires Cheminee Lining from Cleaver-Brooks

July 26, 2022

HVAC & Mechanical

Industrial Chimney Company (ICC) has acquired Cheminee Lining, the exhaust solutions division of Cleaver-Brooks. ICC will continue leasing 56,000 sq. ft. of manufacturing space and 21,000 sq. ft. of office space in Terrebonne, Quebec, and retain more than 44 Cheminee Lining employees as part of the transaction; Cleaver-Brooks will honor existing customer commitments.

Bettcher Industries to Acquire Frontmatec from Axcel (Backed by KKR)

May 24, 2022

Industrial Services

Bettcher Industries signed a definitive agreement to acquire Frontmatec, an end-to-end automated protein processing equipment manufacturer, from Axcel. The deal is expected to close in the second half of 2022 and is supported by additional North American capital from KKR, which previously acquired Bettcher.

KKR Acquires Bettcher Industries from MPE Partners

November 3, 2021

Manufacturing

KKR has agreed to acquire Bettcher Industries, a Birmingham, Ohio-based manufacturer of food processing equipment and related aftermarket parts, from MPE Partners. The deal gives KKR a platform in food processing automation that it plans to grow organically and via acquisitions while continuing Bettcher's legacy of employee engagement.

IK Investment Partners Acquires Groupe NetCo

January 28, 2019

Industrial Services

IK Investment Partners has signed an agreement to acquire Groupe NetCo, a French specialist in preventive and curative maintenance of conveyor systems. NetCo, headquartered in Bordeaux with ~500 employees and 55 agencies, will be the fifth investment for IK's Small Cap II Fund as IK looks to support NetCo's pan‑European expansion; financial terms were not disclosed and closing is subject to French antitrust approval.