Mechanix Wear Acquires OTEX to Expand Tech-Enabled PPE Offerings

NexCore Acquires Mechanical Systems Technology

March 25, 2026

HVAC & Mechanical

NexCore, a commercial HVAC services platform backed by Trinity Hunt, acquired Mechanical Systems Technology. Hudson Avenue Partners acted as exclusive financial advisor to Trinity Hunt and NexCore and arranged financing to support the acquisition.

Mechanix Wear Acquires Kinco

June 23, 2025

Consumer Products

Mechanix Wear, a portfolio company of Gryphon Investors, has acquired Kinco, the 50-year-old family-owned maker of premium work, farm, and outdoor gloves; terms were not disclosed. Travis Kindler will remain as Kinco President and retain a minority stake; the acquisition (which includes Kinco-owned Welch suspenders) is the second add-on for the Mechanix Wear platform and is expected to broaden product offerings and channel reach.

Fox Innovation & Technologies Acquires Cotter Holdings Group

August 6, 2024

Industrial Services

Fox Innovation & Technologies (a PE-backed platform backed by Bluewater) has acquired Cotter Holdings Group, including S.T. Cotter Turbine Services, Axis Mechanical Group and Axis Industrial Repair, to add field project execution capabilities to its turbomachinery platform. The deal brings the combined Fox platform to over $100 million in proforma LTM revenue and adds ~500 peak-capacity field personnel to expand service coverage across the United States; terms were not disclosed.

Ottobock Acquires Exoskeleton Specialist suitX

November 3, 2021

Medical Devices

Ottobock has acquired 100% of suitX, a US-based developer of occupational and medical exoskeletons spun out of UC Berkeley. suitX will join Ottobock Bionic Exoskeletons to combine product portfolios, expand Ottobock's North American footprint, and accelerate adoption of occupational and medical exoskeleton solutions.

Mechanix Wear Acquires Chicago Protective Apparel

August 17, 2021

Manufacturing

Mechanix Wear, a Gryphon Investors-backed portfolio company, has acquired Chicago Protective Apparel (CPA), a 108-year-old family-owned manufacturer of personal protective equipment based in Skokie, Illinois. The deal — terms undisclosed — brings CPA's extensive line of arc-flash, foundry, and welding products into Mechanix Wear's portfolio as the prior owners, Scott and Myrna Sherman, retire; key management including VP John Merikoski will remain.

Gryphon Investors Makes Strategic Investment in Mechanix Wear

August 19, 2019

Consumer Products

Gryphon Investors has signed a definitive agreement to make a significant investment in Mechanix Wear, the Valencia, California–based designer and manufacturer of high-performance work gloves. The transaction (terms not disclosed) is intended to help Gryphon build a PPE platform, accelerate Mechanix Wear's organic growth, drive product innovation, expand channels and geographies, and pursue add-on acquisitions; CEO Michael Hale will retain an ownership stake.