Hessaire Products Acquires PennBarry From Air Distribution Technologies

Advantage Distribution Holdings Acquires Badger Metals

October 12, 2026

HVAC & Mechanical

Advantage Distribution Holdings (ADH) acquired Badger Metals, a family-led HVAC equipment and supplies distributor serving Wisconsin contractors. The acquisition expands ADH’s footprint to 17 locations across seven states; Badger’s local leadership and brand will remain, and Joe and Josh Welch will become ADH shareholders.

APPLIED Adhesives Acquires Industrial Sales and Distribution, Inc.

September 2, 2026

Industrial Services

APPLIED Adhesives, a Bertram Capital portfolio company, acquired Industrial Sales and Distribution, Inc. (ISD), a Westerly, Rhode Island-based distributor of adhesives and silicones serving manufacturing customers. The acquisition adds to APPLIED’s product portfolio and customer base and expands its East Coast presence.

Applied Industrial Technologies Acquires Hydradyne, LLC

November 22, 2024

Industrial Services

Applied Industrial Technologies has signed a definitive agreement to acquire Hydradyne, a leading U.S. fluid power and motion control distributor. The acquisition expands Applied’s Engineered Solutions capabilities and Southeastern U.S. footprint; Hydradyne’s ~500 associates across 33 locations are expected to contribute about $260 million in sales and $30 million in EBITDA before synergies.

Truelink Capital Acquires Air Distribution Technologies from Johnson Controls

August 1, 2024

Manufacturing

Truelink Capital has acquired Air Distribution Technologies from Johnson Controls, establishing the business as an independent company led by existing CEO Doug Schuster. The company, which includes brands such as Koch Filter, Titus, Ruskin and PennBarry and employs over 4,500 people across 25+ locations, will receive strategic and operational investment from Truelink to accelerate growth and pursue M&A initiatives.

Vishay Intertechnology Acquires Assets of Barry Industries

December 15, 2021

Manufacturing

Vishay Intertechnology agreed to acquire substantially all of the assets and certain liabilities of Barry Industries for $21 million in an all-cash deal announced December 15, 2021. The acquisition expands Vishay's resistor and semiconductor packaging capabilities and is intended to strengthen its position in telecom infrastructure, military/aerospace and automotive end markets.

Hall Industries Acquires Heyl & Patterson

October 2, 2017

Manufacturing

Hall Industries has acquired Heyl & Patterson, a long-established provider of bulk material handling and thermal processing equipment. The acquisition expands Hall Industries' manufacturing and engineering capabilities in bulk solids handling, retrofit/parts services and thermal processing, and was advised on the buy-side by Grouse Ridge Capital (exclusive) and a 7 Mile banker (transaction completed while at another firm).