ERIKS North America Acquires DeeTag Ltd.

ERIKS North America Acquires Branham Corporation

November 15, 2023

Manufacturing

ERIKS North America (ENA), a portfolio company of LKCM Headwater Investments, has acquired the assets of Branham Corporation, a Louisville-based fabricator and distributor of industrial hoses, gaskets, conveyor belts and related services. The transaction brings Branham's five fabrication/distribution plants, eight sales locations and a team of more than 100 employees into ENA's North American platform to expand geographic coverage and product/service capabilities.

LKCM Headwater Investments Acquires ERIKS North American Business

May 16, 2022

Industrial Services

LKCM Headwater Investments completed the acquisition of ERIKS’ North American business in a divestiture announced in 2022. The transaction transfers ERIKS North America (the regional distribution and industrial-services business) to the Texas-based private equity firm, which intends to grow the platform and its distribution capabilities in North America.

Rubix Group (Advent-owned) Acquires ERIKS UK & Ireland

November 3, 2025

Industrial Services

Rubix Group, majority-owned by Advent International, has completed the acquisition of ERIKS UK & Ireland, combining two multi-specialist industrial distributors to expand Rubix's flow-technology capabilities and strengthen its UK market position. The transaction coincides with a minority equity investment in Rubix led by Neuberger Berman Private Markets, with participation from Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management and funds/accounts managed by BlackRock; Advent remains the majority shareholder. The combined UK business and Rubix operations now drive a larger MRO platform with combined annual revenues in excess of €850 million.

Daikin North America Acquires Stevens Equipment Supply

November 2, 2020

Industrial Services

Daikin North America LLC, a subsidiary of Daikin Industries, Ltd., has acquired Stevens Equipment Supply, a wholesale distributor of HVAC and commercial food service equipment based in Eagan, Minnesota. The acquisition expands Daikin's distribution footprint across roughly a dozen states, with Stevens continuing to operate under its existing name and management to support growth of its contractor customer base.

Finning Acquires Hydraquip Hose & Hydraulics (UK) for ~£65M

March 22, 2022

Industrial Services

Finning International Inc. has acquired Hydraquip Hose & Hydraulics Ltd. and Hoses Direct Ltd. (together, Hydraquip), the UK’s second-largest hydraulic hose replacement and repair company, for approximately £65 million. The acquisition expands Finning's product support and mobile-service capabilities across multiple end markets and is expected to be immediately accretive to its UK & Ireland operations.

NORRES Acquires Baggerman Group

July 26, 2021

Manufacturing

NORRES Group, a portfolio company of Triton Smaller Mid-Cap Fund I, has agreed to acquire Baggerman Group, a nearly 70-year-old manufacturer and distributor of industrial hoses, couplings and accessories. The acquisition (terms undisclosed) expands NORRES's product portfolio and European footprint, creating a broader industrial-hose platform across multiple European markets.