Mako Steel (New State Capital) Acquires Majority Stake in Rabco Enterprises

Trachte Building Systems Acquires MakoRabco from New State Capital Partners

March 25, 2025

Building Products

Trachte Building Systems, a Sun Prairie, Wisconsin-based manufacturer of pre‑engineered metal self-storage systems, has acquired MakoRabco, a Carlsbad, California provider of design, supply and construction services for self‑storage and pre‑engineered metal buildings. The deal, in which New State Capital Partners sold MakoRabco, aims to combine complementary capabilities and expand market presence across the U.S.; terms were not disclosed.

Align Capital Partners Acquires Armko Industries

January 6, 2026

Engineering Services

Align Capital Partners has acquired Armko Industries, a Dallas–Fort Worth building envelope, roofing and waterproofing consulting firm, and will operate Armko as its newest AEC platform. Founder Rodney Ruebsahm will retire and industry executive Josh Brown will lead the company as ACP pursues geographic expansion across the U.S. South and add-on acquisition opportunities to grow service offerings.

Union Partners Acquires Maksteel

April 17, 2018

Industrial Services

Chicago-based metals and logistics operator Union Partners has acquired Maksteel, a Mississauga, Ontario steel service center and toll processor. The deal expands Union Partners' North American footprint and adds substantial processing, inventory and dedicated transportation capabilities to serve customers across industries including automotive, construction and oil & gas.

Angeles Equity Partners Acquires RōBEX and Mid-State Engineering

March 1, 2022

Industrial Services

Angeles Equity Partners has acquired RōBEX LLC as a platform investment and simultaneously purchased Mid-State Engineering LLC as the platform's first bolt-on to create an industrial automation integration platform focused on material-handling robotics. RōBEX, based in Perrysburg/Maumee, Ohio, will serve as the consolidation platform while Mid-State (Tipton, Indiana) brings complementary mechanical, electrical and fabrication capabilities to expand the combined offering across logistics, FMCG and manufacturing end markets.

Raak Metals Group Acquires Stolwerk Metaal

August 14, 2020

Industrial Services

Raak Metals Group has acquired Stolwerk Metaal, a family-owned metal recycler in West Brabant, Netherlands, to strengthen Raak's market position in the southern Netherlands. The deal—executed after Gilde Equity Management joined Raak Metals as a shareholder earlier in 2020—adds processing capacity and expands the combined group's service offering across recycling, container services and demolition projects.

Alro Steel Acquires Klein Steel Service

May 27, 2022

Industrial Services

Alro Steel has acquired Klein Steel Service, a Rochester-based metals supplier and processing center that operates six facilities in western and central New York. The acquisition expands Alro's Northeast footprint and adds Klein Steel's inventory, value-added processing and component manufacturing capabilities to Alro's distribution network. Heritage Capital Group served as exclusive financial advisor to Klein Steel; terms were not disclosed.