Hill & Smith Agrees to Acquire Freeberg Industrial Fabrication for $36 Million to Expand U.S. Engineered Solutions

Hill & Smith Acquires Enduro Composites

February 17, 2023

Manufacturing

Hill & Smith PLC (LSE: HILS.L) acquired Enduro Composites Inc., a Houston-based manufacturer of fiber-reinforced polymer (FRP) products, in a transaction that closed on February 17, 2023. GulfStar Group served as exclusive financial advisor to Enduro; the acquisition expands Hill & Smith's engineered solutions and U.S. presence while adding FRP manufacturing capabilities and product lines.

Hillenbrand Acquires Schenck Process Food and Performance Materials (FPM)

June 20, 2023

Industrial Services

Hillenbrand, Inc. agreed to acquire the Schenck Process Food and Performance Materials (FPM) business from Blackstone for an enterprise value of approximately $730 million. Headquartered in Kansas City, Missouri, FPM has over 1,300 employees and is expected to generate about $540 million of 2023 revenue and $68 million of EBITDA; the deal is expected to close in Hillenbrand's fiscal fourth quarter of 2023 subject to regulatory approvals.

Westbridge Capital Acquires Berg Industrial Service, Inc.

August 2, 2024

Industrial Services

Westbridge Capital Ltd. has completed the acquisition of Berg Industrial Service, Inc., a 50-year-old, second-generation family business headquartered in Ontario that designs, installs and services industrial chilling systems and operates an associated engineering and fabrication business. The transaction includes a 10% equity participation by the Westbridge Capital Partners Income Trust. Management continuity was announced with Mark Edwards continuing as CEO, Rebecca Carothers joining as COO, and Michael Turner joining the board.

Standard Iron Acquires Helgesen Industries

August 5, 2024

Manufacturing

Standard Iron, a heavy metal fabricator majority-owned by Owner Resource Group, has acquired Helgesen Industries, a manufacturer of fluid conditioning tanks and other engineered fabrications. The deal — an add-on to Standard Iron's platform — expands manufacturing capabilities and geographic footprint (Helgesen operates in Wisconsin, Poland and Brazil) and closed on August 2, 2024.

Bergs Timber Acquires Hedlunda Holding AB

June 29, 2023

Manufacturing

Bergs Timber AB has acquired all shares in Hedlunda Holding AB, a manufacturer of wooden furniture and components with production sites in Lycksele, Sweden and Skoczów, Poland. The acquisition (purchase price ~SEK 140 million for the shares; total purchase price SEK 225 million on a cash- and debt-free basis) expands Bergs's wood-processing capabilities and creates a new Furniture & Components product area; Hedlunda reported ~SEK 620 million in trailing twelve-month sales and employs about 400 people.

H3 Manufacturing Group Acquires RFR Metal Fabrication

June 24, 2025

Manufacturing

H3 Manufacturing Group, a Rock Gate Partners portfolio company, has acquired RFR Metal Fabrication, a precision metal fabrication shop based in Oxford, North Carolina. The add-on expands H3's multi-operation manufacturing capabilities (laser cutting, CNC machining, welding, powder coating and automated busbar fabrication) to better serve power distribution, power quality and data center customers following H3's recent recapitalization with Rock Gate Partners and Ironwood Capital.