PHINIA Acquires Swedish Electromagnet Invest AB (SEM)

SEMIKRON and Danfoss Silicon Power Form Semikron Danfoss

August 22, 2022

Manufacturing

SEMIKRON and Danfoss Silicon Power have merged to form Semikron Danfoss, a majority-owned business by the Danfoss Group alongside the owner-families of SEMIKRON. The combined company, with more than 3,500 power-electronics specialists and main locations in Nuremberg and Flensburg, will focus on scaling technology, innovation, and capacity for automotive, industrial, and renewable energy markets.

Innova Capital Acquires 51% Stake in EMI Group

June 30, 2023

Industrial Services

Innova Capital acquired a 51% stake in Romanian-Belgian EMI Group on 30 June 2023 via a partial buy-out and a EUR 15 million capital increase, joining founder Jerome France and existing investor Morphosis Capital. The investment will fund a buy-and-build strategy—including add-on acquisitions—to expand EMI's installation and maintenance platform for industrial access solutions across Europe.

Palladin Consumer Retail Partners Invests Majority Stake in SEM Holdings (Southeast Mechanical)

July 13, 2022

HVAC & Mechanical

Palladin Consumer Retail Partners has made a majority investment in SEM Holdings, LLC (Southeast Mechanical), creating an operator-driven HVAC platform focused on expansion across the southeastern United States. Existing shareholders, including Colmont Group and management, retain an ownership stake; Palladin will provide capital and operating support to accelerate organic growth and add-on acquisitions.

Magnetic Holdings (Tinicum) Acquires Electron Energy Corporation

August 1, 2024

Manufacturing

Magnetic Holdings, a portfolio company backed by Tinicum, has acquired Electron Energy Corporation (EEC), a U.S. manufacturer of samarium‑cobalt and rare‑earth magnets. The Walmer family retained a significant minority stake and Michael Walmer joined Magnetic Holdings' board; financial terms were not disclosed. The deal creates a vertically integrated group of magnet businesses serving aerospace, defense, medical, semiconductor, energy, and industrial end markets.

AEM (IGP Portfolio Company) Acquires Renaissance Electronics & Communications

February 3, 2022

Aerospace & Defense

AEM, a San Diego–based designer and manufacturer of mission-critical electronic circuit protection components and a portfolio company of Industrial Growth Partners (IGP), acquired Renaissance Electronics & Communications (and its subsidiary HXI) on February 3, 2022. The deal expands AEM’s high-reliability component offering to include RF and millimeter-wave products, strengthening its position with space and defense customers and enabling cross-selling and geographic expansion.

Brunswick Corporation (Advanced Systems Group) Acquires SemahTronix

September 20, 2021

Manufacturing

Brunswick Corporation’s Advanced Systems Group has acquired SemahTronix, a Flippin, Arkansas-based supplier of high-complexity electrical wiring harnesses for marine, mobile and defense markets. The acquisition will be integrated into Brunswick’s ASG to vertically integrate wiring harness capabilities, improve quality and lead times, and expand end-to-end systems offerings.