First Reserve Makes Majority Equity Investment in Lindsey Systems

Guidant Power Acquires Mitchell & Lindsey

November 18, 2025

Industrial Services

Guidant Power, a Chicago-based electrical safety and reliability services platform backed by Shore Capital, has acquired Mitchell & Lindsey, an electrical safety consulting and training firm. The acquisition expands Guidant Power's arc flash assessment, testing, and healthcare-focused safety capabilities and broadens its national service footprint.

First Reserve and Fortress Acquire Majority Stake in Island Energy Services

June 2, 2025

Infrastructure

First Reserve and funds managed by affiliates of Fortress Investment Group (Fortress) agreed to acquire a majority stake in Island Energy Services (IES) from an affiliate of One Rock Capital Partners. One Rock will remain an investor in IES following the transaction, which was expected to close in the third quarter of 2025 and has since been completed.

Lindsay Corporation Completes Acquisition of Minority Interest in Pessl Instruments

January 6, 2025

Data & Analytics

Lindsay Corporation completed its acquisition of a 49.9% minority interest in Austria-based Pessl Instruments GmbH. The investment expands their existing AgTech partnership, combining Lindsay’s FieldNET remote irrigation management platforms with Pessl’s METOS hardware and FieldClimate data-driven software, with an option for Lindsay to acquire the remainder later.

First Reserve Sells GridTek Utility Services to Undisclosed Buyer

June 11, 2024

Utilities

GridTek Utility Services, a U.S.-based provider of repair, maintenance, installation and upgrade services for electric transmission and distribution infrastructure, has been sold by private equity firm First Reserve. Financial terms and the buyer were not disclosed; advisors on the transaction included Harris Williams (financial) and Simpson Thacher & Bartlett LLP (legal).

MRI Software Acquires Lindsey Software

January 8, 2020

Software

MRI Software acquired Lindsey Software to expand its public and affordable housing property management and compliance offerings. The acquisition integrates Lindsey’s cloud-based tenant, maintenance, screening and accounting solutions—used by more than 700 public housing authorities—into MRI’s residential solutions suite to broaden capabilities for housing agencies.

Lindsay Corporation Acquires Elecsys Corporation

January 23, 2015

Manufacturing

Lindsay Corporation (NYSE: LNN) completed the acquisition of Elecsys Corporation (NASDAQ: ESYS) on January 23, 2015, paying $17.50 per share in cash. Elecsys — a provider of machine-to-machine (M2M) technology and custom electronic systems headquartered in Olathe, Kansas — will continue to be operated by its existing management and will support Lindsay's strategy to expand advanced water-management and M2M capabilities.