MFG Partners and Merit Capital Partners Acquire Elgen Manufacturing Company

Worthington Enterprises Acquires Elgen Manufacturing from MFG Partners

June 26, 2025

Building Products

Worthington Enterprises (NYSE: WOR) has acquired Elgen Manufacturing Company, a Closter, New Jersey-based maker of HVAC ductwork components, from private equity owner MFG Partners. The acquisition expands Worthington Enterprises’ building systems and components portfolio and is intended to accelerate Elgen’s ability to serve customers and support growth initiatives launched under MFG’s ownership.

Ridgemont Equity Partners Provides Growth Capital to Crete Mechanical Group

June 2, 2022

HVAC & Mechanical

Ridgemont Equity Partners provided significant growth capital to Crete Mechanical Group (CMG) to support the build-out of a national platform of HVAC, electrical, plumbing and building automation service companies. Financing for the transaction was led by Ares Management Corporation and Churchill Asset Management; terms were not disclosed.

MFG Partners Invests in Regency Electric

November 18, 2025

Electrical Services

MFG Partners, a New York-based private equity firm, has made an investment in Regency Electric, a Denver/Englewood-area commercial electrical contractor founded in 1986. Regency's leadership (Dave and Ryan Seifried) retain significant equity and will continue to manage the business as MFG supports scaling the company's capabilities and growth across the Denver Metro and Front Range.

Sentinel Capital Partners Acquires ECM Industries

December 23, 2019

Manufacturing

Sentinel Capital Partners has acquired ECM Industries, a New Berlin, Wisconsin-based manufacturer and supplier of branded electrical products (including Gardner Bender, King Innovation and Bergen) from Genstar Capital. Terms were not disclosed; Sentinel said it will partner with ECM management to build an electrical-products platform and pursue multiyear growth across core markets and adjacencies.

United Enertech (DalFort) Acquires Metal Form Manufacturing Company

January 13, 2020

Building Products

United Enertech Holdings, a portfolio company of DalFort Capital Partners, has acquired Metal Form Manufacturing Company, a Phoenix-based maker of ventilation, acoustical and evaporative cooling products. The add-on expands United Enertech’s commercial building-products portfolio and strengthens its manufacturing and product capabilities in the Western United States.

Merit Capital Partners and Fulton Capital Acquire AFX, Inc.

March 7, 2024

Manufacturing

Merit Capital Partners and Fulton Capital partnered with AFX management to acquire AFX, Inc., a Waukegan, Illinois-based designer, assembler and distributor of contemporary and decorative lighting fixtures. Merit provided subordinated debt and equity to support the transaction; the deal positions AFX to continue expanding sales and improving operations across its commercial, residential and hospitality end markets.