Dynamic Group Acquires Cycle Construction Company

Daikin Applied Acquires Dynamic Controls Inc.

October 11, 2021

HVAC & Mechanical

Daikin Applied, a division of Daikin Industries, has acquired Dynamic Controls, Inc., a St. Louis–based building systems integrator with offices across the Midwest and Rocky Mountains. The acquisition adds building-integration and controls expertise to Daikin Applied's commercial and industrial HVAC offerings to enable more connected, energy-efficient and sustainable building solutions.

Zachry Construction Corporation Agrees to Acquire Crescent Constructors

September 30, 2025

Infrastructure

Zachry Construction Corporation has agreed to acquire Crescent Constructors, a water and wastewater infrastructure projects firm based in Plano, Texas. The deal is described as a bolt-on expansion to Zachry’s infrastructure services portfolio, aiming to strengthen its presence in the water sector while Crescent continues operating under its current name as a Zachry Construction affiliate.

The JF Petroleum Group Acquires Dykstra Construction

February 7, 2022

Construction

The JF Petroleum Group, a MidOcean Partners portfolio company, acquired Dykstra Construction, a Plant City, Florida-based contractor specializing in commercial and convenience store construction and petroleum equipment installation and repair. The add-on strengthens JF Petroleum Group's Southeast and Gulf Coast capabilities by adding turnkey construction and fuel-system services to its retail and commercial offerings.

Messingschlager Acquires Cycle Force Group

December 31, 2021

Consumer Products

German bicycle distributor Messingschlager GmbH acquired Cycle Force Group, LLC (including its North America Cycles subsidiary) in a deal that closed Dec. 31, 2021. The acquisition establishes Messingschlager USA (doing business as Cycle Force Group) and is intended to drive the buyer's international expansion and deepen capabilities in parts, accessories and e-mobility across the U.S. and Europe.

Covanta Acquires Globalcycle and Global Remediation Services

January 5, 2023

Environmental Services

Covanta, a PE‑backed sustainable materials management company, has acquired Massachusetts‑based Globalcycle and Global Remediation Services to expand its wastewater treatment, recycling and environmental remediation capabilities in New England. The deals serve as add‑on acquisitions to Covanta (under the direction of EQT Infrastructure), accelerating the company’s presence and last‑mile sustainability services in the highly regulated New England market.

Quanta Services Acquires Dynamic Systems (DSI)

July 25, 2025

Construction

Quanta Services completed the acquisition of Dynamic Systems (DSI), a turnkey mechanical, plumbing and process infrastructure solutions provider headquartered in Austin, Texas. The transaction, which closed July 25, 2025, expands Quanta's mechanical construction and off-site fabrication capabilities, adds a ~2,400-employee platform and diversified end-market exposure (technology/semiconductor, healthcare, industrial) and was funded with cash and Quanta stock (approximately $1.35 billion upfront plus potential earnout).