LKCM Headwater Investments Acquires ERIKS North American Business

LKCM Headwater Investments Takes Distribution Solutions Group Private

July 16, 2026

Logistics & Distribution

LKCM Headwater Investments and its affiliates entered into a definitive merger agreement to acquire the shares of Distribution Solutions Group they do not already own for $35.00 per share in cash. LKCM Headwater, which already owns approximately 79% of DSG, will control the company upon completion; closing remains subject to customary conditions, including stockholder approval and antitrust clearance.

Rubix Group (Advent-owned) Acquires ERIKS UK & Ireland

November 3, 2025

Industrial Services

Rubix Group, majority-owned by Advent International, has completed the acquisition of ERIKS UK & Ireland, combining two multi-specialist industrial distributors to expand Rubix's flow-technology capabilities and strengthen its UK market position. The transaction coincides with a minority equity investment in Rubix led by Neuberger Berman Private Markets, with participation from Adams Street Partners, LGT Capital Partners, J. Safra Sarasin Asset Management and funds/accounts managed by BlackRock; Advent remains the majority shareholder. The combined UK business and Rubix operations now drive a larger MRO platform with combined annual revenues in excess of €850 million.

Headwall Group Acquires EVK DI Kerschhaggl GmbH

January 14, 2025

Industrial Services

Headwall Group, a Bolton, Massachusetts-based portfolio company of Arsenal Capital Partners, has acquired Austria-based EVK DI Kerschhaggl GmbH (EVK), a developer of industrial sensor-based sorting and inspection systems. The acquisition expands Headwall's hyperspectral imaging and sensor capabilities to better serve markets such as food processing, plastics recycling, and material sorting.

ERIKS North America Acquires Branham Corporation

November 15, 2023

Manufacturing

ERIKS North America (ENA), a portfolio company of LKCM Headwater Investments, has acquired the assets of Branham Corporation, a Louisville-based fabricator and distributor of industrial hoses, gaskets, conveyor belts and related services. The transaction brings Branham's five fabrication/distribution plants, eight sales locations and a team of more than 100 employees into ENA's North American platform to expand geographic coverage and product/service capabilities.

ERIKS North America Acquires DeeTag Ltd.

November 1, 2022

Industrial Services

ERIKS North America, a PE-backed industrial distributor, has acquired DeeTag Ltd., a Canada-based supplier and manufacturer of hydraulic hose assemblies and fluid-power components. The add-on expands ERIKS North America’s fluid power capabilities and Canadian footprint while integrating DeeTag’s OEM and MRO distribution and assembly operations into ERIKS’ platform.

KKR Acquires Majority Stake in ERM from OMERS Private Equity and AIMCo

May 17, 2021

Environmental Services

KKR has signed an agreement to acquire a majority position in Environmental Resources Management (ERM) from OMERS Private Equity and Alberta Investment Management Corporation (AIMCo), with ERM management and Partners remaining minority investors. The transaction, intended to accelerate ERM's growth and broaden its sustainability capabilities and technologies, is expected to close in Q3 2021 subject to regulatory approvals; financial terms were not disclosed.