Milestone Capital and D2 Equity Capital Acquire Assets of MCIP Industrial Enterprises Corp.

Macquarie Asset Management Acquires Minority Stake in Dow's U.S. Gulf Coast Infrastructure to Launch Diamond Infrastructure Solutions

December 9, 2024

Infrastructure

A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.

Crescendo Capital Partners and Construction Capital Group Acquire Peoria Industrial Piping Company (PIPCO)

December 26, 2025

Construction

Crescendo Capital Partners, together with operators from Construction Capital Group, has acquired Peoria Industrial Piping Company (PIPCO) and created a new holding company, Essential Facility & Infrastructure Services (EFI Services), with PIPCO as the first operating company. Fidus Capital provided term debt and an equity co-investment; the Cicciarelli family (sellers) retain equity and will remain in leadership roles as the sponsors build a regionally dominant MEP and fire protection platform in the Midwest.

Incline Equity Partners Invests in MCCi as Century Park Exits

January 27, 2026

Government & Public Sector

Incline Equity Partners has made a majority investment in MCCi in partnership with CEO Donny Barstow and the MCCi management team, while Century Park Capital Partners transitions its ownership position. The transaction is a recapitalization intended to support MCCi’s continued growth in GovTech and its suite of enterprise content management and workflow automation solutions for state and local governments; financial terms were not disclosed.

SK Capital Partners Acquires Milestone Environmental Services

October 4, 2023

Environmental Services

SK Capital Partners has acquired a controlling stake in Milestone Environmental Services from Amberjack Capital Partners, with Milestone CEO Gabriel Rio remaining in place and retaining significant ownership. The deal positions SK Capital to grow Milestone’s waste management platform and accelerate its Milestone Carbon subsidiary’s development of permanent carbon sequestration projects in the U.S., particularly in energy and industrial markets.

Allied Industrial Partners Makes Majority Recapitalization of Mat Tech Industrial Services

June 1, 2023

Industrial Services

Allied Industrial Partners (AIP) completed a majority recapitalization investment in Mat Tech Industrial Services, a Houston-area provider of specialty rental equipment and industrial waste management services. Mat Tech’s founder and CEO Mike Tinnin will remain in leadership as AIP plans to support the company’s buy-and-build growth and organic expansion across downstream petrochemical and industrial end markets. Terms were not disclosed; GulfStar acted as Mat Tech’s financial advisor.

MCM Capital Partners Majority Recapitalizes EB Industries

January 1, 2020

Manufacturing

MCM Capital Partners has completed a majority recapitalization of EB Industries (EBI), a Farmingdale, New York-based provider of electron beam and laser welding and precision manufacturing services. The investment will provide EBI with capital and resources to accelerate growth through expanded sales and marketing, vertical integration opportunities and strategic add-on acquisitions while providing liquidity/partial exit to founder Steve DeLalio.