AFCO C&S Sells Mossberg Sanitation and Midwest Sanitation to Strategic Acquirer

Spectrum Water Technology Acquires AFCO 360, LLC

August 30, 2024

Environmental Services

Spectrum Water Technology (Spectrum Biotechnologies, LLC) has acquired AFCO 360, LLC, a Lake Charles, Louisiana–based provider of industrial wastewater treatment equipment, chemicals and services. The deal expands Spectrum's capabilities and footprint across the U.S. Gulf Coast while AFCO's leadership will remain with the combined business and retain an ownership stake.

Fulton Asset Management Acquires AFCO Industries

August 25, 2025

Building Products

Fulton Asset Management, a family-backed investment platform based in Chicago, has acquired AFCO Industries, Inc., a vertically integrated U.S. manufacturer of aluminum, fiberglass, vinyl, and composite building products and a provider of CNC metal fabrication and contract manufacturing services headquartered in Alexandria, Louisiana. AFCO's existing leadership will remain in place; Fulton said the deal expands its industrial portfolio and reflects a long-term commitment to U.S. manufacturing.

AFC Industries Acquires Cavanaugh Government Group

July 7, 2025

Logistics & Distribution

AFC Industries, a PE-backed industrial distributor, has acquired Cavanaugh Government Group, a Chicago-area supplier specializing in parts and logistics for military and defense applications. The acquisition expands AFC’s aerospace and defense capabilities and adds vendor-managed inventory and government-focused distribution expertise to its platform; terms were not disclosed.

Allied Industrial Partners‑Backed Waste Eliminator Acquires FC Sanitation

January 24, 2025

Environmental Services

Waste Eliminator, a metro Atlanta waste services platform backed by Allied Industrial Partners, has acquired FC Sanitation (FCS), a municipal solid waste (MSW) collection and construction & demolition (C&D) waste hauling firm. The add-on expands Waste Eliminator's MSW collection and commercial hauling capabilities and strengthens its presence in Northeast Georgia and South Carolina; financial terms were not disclosed.

Circular Services / Balcones Recycling Acquires Midwest Fiber Recycling

December 18, 2023

Environmental Services

Circular Services, through its recycling arm Balcones Recycling, has acquired Midwest Fiber Recycling, a family-owned materials recovery and recycling company with operations in Illinois and Indiana. The deal expands Balcones' MRF footprint into the Midwest, adds collection and brokerage capabilities, and keeps Midwest Fiber's management team in place to support further growth under Circular Services' platform.

Brady Industries Acquires Majority Interest in MASSCO

October 8, 2019

Industrial Services

Brady Industries, a portfolio company of A&M Capital Partners II (part of Alvarez & Marsal Capital), has acquired a majority interest in MASSCO, Inc., a regional distributor of janitorial, office and packaging supplies headquartered in Wichita, Kansas. The acquisition is an add-on to Brady's platform that expands its product mix into industrial packaging and extends its distribution footprint into three additional states.