Borgman Capital Acquires Aerial Work Platforms, Inc.

Borgman Capital Acquires Harlo Corporation

June 3, 2025

Manufacturing

Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.

Herc Rentals Acquires Quality Equipment Rentals and Aerial Work Platforms

February 18, 2024

Industrial Services

Herc Rentals (Herc Holdings Inc.) has acquired two independent U.S. equipment rental businesses: California-based Quality Equipment Rentals and Wisconsin-based Aerial Work Platforms, Inc. The Aerial Work Platforms sale was completed with Borgman Capital (the seller) while Quality Equipment Rentals' majority owners Dennis and Diann Wells sold their business; terms were not disclosed.

Black Diamond Acquires Assets and Subsidiaries of IAP Worldwide Services

January 22, 2024

Aerospace & Defense

Black Diamond Capital Management and certain affiliates have acquired certain assets and operational subsidiaries of IAP Worldwide Services, Inc. The acquired operations — which will form a new platform led by former IAP CEO Amanda Brownfield — will employ over 1,400 people, operate in 17 countries, and focus on contingency operations, global logistics, air traffic management and engineering/technology solutions.

Kohlberg & Company Acquires Area Wide Protective from The Riverside Company

December 23, 2020

Industrial Services

Kohlberg & Company has acquired Area Wide Protective (AWP), a North Canton, Ohio–based traffic control and temporary traffic safety management services provider, from The Riverside Company. Riverside retained a minority stake via its Strategic Capital Fund; AWP will be led by new CEO Ron Childress as founder/CEO John Sypek transitions to Vice Chairman. Terms were not disclosed.

Bernhard Capital Partners Acquires Ascension Wastewater Treatment

April 9, 2020

Utilities

Bernhard Capital Partners Management, LP led a group of investors in the acquisition of Ascension Wastewater Treatment (AWT), the largest privately owned sewer utility operator in Louisiana. The buyer committed a two-month customer rebate (~$1.5 million total) and plans to invest in sewer infrastructure and expand AWT’s service footprint to additional communities to improve resiliency and service delivery.

JPW Industries Acquires Baileigh Industrial

May 9, 2019

Manufacturing

JPW Industries, a portfolio company of Gamut Capital Management, has acquired Baileigh Industrial Holdings. The acquisition (terms not disclosed) brings Baileigh's metalworking and woodworking product lines and U.S. manufacturing/warehouse operations in Manitowoc and Two Rivers, Wisconsin into JPW's branded equipment portfolio to support growth and broaden product offerings.