Graham Corporation Acquires P3 Technologies

Graham Corporation Acquires FlackTek to Add Advanced Materials Processing Platform

January 26, 2026

Manufacturing

Graham Corporation (NYSE: GHM) acquired 100% of FlackTek Manufacturing, LLC and FlackTek Sales, LLC for a $35 million base purchase price (85% cash, 15% stock via 75,818 shares) plus up to $25 million of performance‑based earnouts. The acquisition adds advanced materials processing as a third core platform for Graham and keeps FlackTek headquartered in Louisville, Colorado (satellite in Greenville, South Carolina) as a wholly owned subsidiary; FlackTek reported approximately $30 million in annualized revenue.

P3 Services Acquires Six Local Plumbing and Septic Businesses Across the U.S.

March 4, 2025

Plumbing

P3 Services, a Stellex Capital-backed plumbing and septic platform, acquired six local service providers in 2024 — Forsyth Septic & Rooter Service; Schrader Plumbing; Bob's Backflow & Plumbing Services; Rolland Reash Plumbing; The Plumbing & Drain Company; and 2 Sons Plumbing — expanding its footprint across the Southeast, Southwest, Northeast Florida, and the Pacific Northwest. The add-on deals bolster P3's residential, multi-family and light commercial capabilities and deepen regional coverage as the company builds a national pure-plumbing platform.

P3 Systems Inc. Acquires Triton Datacom

May 28, 2024

IT Services

P3 Systems Inc. has acquired Triton Datacom and Triton Datacom Online to expand its network-hardware portfolio, digital footprint and national asset-recovery capabilities. The deal adds Triton's online presence and product lines (Triton historically generated about $16M in annual revenue) to P3's existing networking solutions and equipment-lifecycle business.

Graham Partners Acquires E Tech Group

April 11, 2024

Industrial Services

Graham Partners, a private investment firm focused on advanced manufacturing, has acquired E Tech Group, an industrial automation systems integrator headquartered in West Chester, Ohio, from Falfurrias Capital Partners. Graham intends to support E Tech's growth, expand its service capabilities and pursue additional targeted add-on acquisitions across attractive end markets including life sciences, data centers and consumer packaged goods/food & beverage.

Stellex Capital Acquires Peltram Plumbing Holdings (P3)

February 15, 2022

Plumbing

Stellex Capital Management acquired Peltram Plumbing Holdings, LLC (P3), a multistate plumbing installation and service platform, from an investor group led by Crescendo Capital Partners. Stellus Capital Management provided unitranche financing and an equity co-investment to support the transaction; Stellex plans to grow P3 organically and via add-on acquisitions while adding senior operating executives to the management team.

CMI Group Acquires Systems 3

September 13, 2021

Aerospace & Defense

CMI Group, a Gallant Capital Partners-backed aerospace components manufacturer, has acquired Systems 3, a Phoenix-based maker of flight‑critical precision parts for rotary‑wing and other aerospace OEMs. The deal (financed by Monroe Capital) expands CMI’s scale and technical capabilities, positioning it as a leading A&D-focused manufacturer of precision components and assemblies in the Southwest.