Piab Group Acquires COVAL (Patricia Industries Funds Add-on)

Piab Group Acquires Alum-a-Lift

September 30, 2024

Manufacturing

Piab Group, the lifting and industrial automation business owned by Patricia Industries, has acquired US-based Alum-a-Lift, a designer and manufacturer of ergonomic lifting solutions. The acquisition was funded by Patricia Industries (Investor AB) to support Piab's strategic add-on program and expand its lifting automation capabilities and presence in North America.

Piab Group (Patricia Industries) Acquires Alum-a-Lift

August 28, 2024

Manufacturing

Piab Group, a portfolio company of Patricia Industries, has acquired US-based Alum-a-Lift, a maker of electronic ergonomic lifting trolleys, for a total consideration of USD 120 million (cash- and debt-free). The acquisition is a strategic add-on to Piab Group that expands its product offering, geographic reach and exposure to end markets such as semiconductors, aerospace and logistics; Alum-a-Lift generated approximately USD 26m in revenue for the 12 months to Dec 2023 and has ~80 employees.

Piab Group (Patricia Industries) Acquires 80% of Tianjin FeiYun Powder Equipment

August 7, 2024

Manufacturing

Piab Group, a Patricia Industries-owned industrial automation platform, has acquired 80% of Tianjin FeiYun Powder Equipment Co., Ltd (FeiYun) for approximately SEK 650m. FeiYun, headquartered in Tianjin, China, supplies vacuum conveyors and complementary equipment to end markets including batteries, pharmaceuticals and chemicals; it reported ~SEK 250m revenue for the 12 months ending Dec 31, 2023 and has 135 employees. Patricia Industries funded SEK 200m of the consideration to support the add-on acquisition and expansion of Piab Group's product offering and geographic reach.

Blackford Capital Acquires Industrial Automation Provider PACIV

June 5, 2023

Industrial Services

Blackford Capital has acquired PACIV, a full-service industrial process automation and systems integrator founded in 1997 with offices in San Juan, Puerto Rico; Indianapolis, Indiana; and Cork, Ireland. HCAP Partners participated as a co-investor / financing partner; PACIV's management and founder Jorge Rodriguez will remain involved as shareholders and board members as Blackford positions PACIV as the cornerstone of a new industrial automation platform focused on pharmaceutical, biotech and medical device end markets.

Blackford Capital Acquires Ace Controls to Expand PACIV Industrial Automation Platform

January 27, 2025

Manufacturing

Blackford Capital acquired Houston-based Ace Controls and added it as the third add-on to its PACIV industrial automation platform. The acquisition expands PACIV's control panel capabilities and adds exposure to the water & wastewater and oil & gas end markets while extending the platform's geographic footprint to Texas; Ace Controls' management and employees will remain with the business.

Graybar Acquires Valin Corporation

May 1, 2023

Industrial Services

Graybar has entered into an agreement to acquire Valin Corporation, a San Jose–based distributor of automation, filtration, fluid handling, heating and process control products and systems that operates 12 locations across the western and southwestern United States. Valin will continue to operate under its existing name and leadership team as a Graybar subsidiary; the transaction was expected to close May 1, 2023.