Lowe Capital Management and Construction Safety Group Acquire Incorp Holdings

White Cap Acquires National Ladder & Scaffold Co.

May 10, 2024

Industrial Services

White Cap, a leading distributor of specialty construction supplies, has acquired National Ladder & Scaffold Co., a Michigan-based distributor of ladders, scaffolding, safety products and workwear. The acquisition adds National Ladder’s Midwest branch network, experienced associates and product offerings to White Cap’s national distribution platform, strengthening its ability to serve residential, commercial, industrial and public infrastructure contractors.

Incorp Holdings Acquires East Coast Rigging & Contracting Co., Inc.

August 30, 2021

Industrial Services

Incorp Holdings, a platform backed by Parkway Capital, Midwest Growth Partners, NewSpring Capital, Spring Capital and Lowe Capital, acquired East Coast Rigging & Contracting Co., Inc. (ECR). The add-on expands Incorp’s service offerings and geographic footprint in the Mid‑Atlantic (Washington D.C./Baltimore) and Florida (Ft. Lauderdale), diversifying the platform’s customer base and capabilities in scaffolding, rigging and infrastructure maintenance.

Incorp Holdings (MGP-backed) Invests in East Coast Rigging & Contracting Co.

June 30, 2021

Industrial Services

Incorp Holdings, a portfolio company of Midwest Growth Partners, has made an investment in Laurel, Maryland-based East Coast Rigging & Contracting Co., with participation from Lowe Capital, NewSpring Capital, Spring Capital, Parkway Capital and ECR's senior management. The addition of ECR broadens the Incorp platform's scaffolding, rigging and access equipment rental capabilities and expands its geographic footprint in the Mid‑Atlantic and Florida markets; ECR has approximately 90 employees.

Capital Infrastructure Group Acquires Northeast Work & Safety Boats, LLC

June 24, 2021

Industrial Services

Capital Infrastructure Group Inc., a Canadian infrastructure services company based in Vaughan, Ontario, has acquired Northeast Work & Safety Boats, LLC, a New Hartford, Connecticut-based provider of rescue, inspection and work boats. The acquisition expands Capital's service capabilities into marine support for bridge inspection, construction and rehabilitation projects and strengthens its cross-border footprint in North America.

Management Buyout of Kee Safety Group Ltd Supported by Intermediate Capital Group

April 7, 2021

Industrial Services

The management team of Kee Safety Group Ltd has acquired the business in a management buyout supported by Intermediate Capital Group (ICG). The transaction provides an exit for private equity investors Investcorp and LDC; Kee Safety is a UK-headquartered global provider of fall protection and safe access solutions with c.£100m revenue and ~780 employees across 10 countries.

Midwest Growth Partners Acquires Incorp Holdings

December 18, 2020

Industrial Services

Midwest Growth Partners led a transaction to acquire Incorp Holdings, LLC, with subordinated debt and equity provided by NewSpring Mezzanine (NewSpring Capital), Parkway Capital (Calvert Street), Lowe Capital, Spring Capital, Pete Vrettakos, and Incorp's senior management team. Incorp, an Evansville, Indiana-based specialty contractor providing insulation, scaffolding and multi-craft industrial services, will use the proceeds to expand service lines and geographic coverage to support organic and acquisitive growth.