PHINIA Acquires Swedish Electromagnet Invest (SEM)

Everus Construction Group Acquires SE&M Constructors and Affiliated Entities

April 2, 2026

Industrial Services

Everus Construction Group (NYSE: ECG) has acquired SE&M Constructors, Inc., SE&M of the Triangle, Inc. and SECO Rentals, LLC (collectively “SE&M”) for $158 million, subject to closing adjustments. The deal expands Everus’ mechanical services capabilities and broadens its geographic footprint in the Southeast, with added exposure to industrial and pharmaceutical end markets.

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.

ABB to Acquire SEAM Group to Expand Electrification Service Offering

February 16, 2024

Industrial Services

ABB has entered into an agreement to acquire SEAM Group, a provider of energized asset management and advisory services for industrial and commercial buildings. The deal is expected to close in Q3 2024, subject to regulatory approvals, and financial terms were not disclosed.

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.

SEMIKRON and Danfoss Silicon Power Merge to Form Semikron Danfoss

August 22, 2022

Industrial Services

SEMIKRON and Danfoss Silicon Power have combined to establish a new joint business, Semikron Danfoss, focused on power electronics, especially power semiconductor modules. The merger was approved and the new company began operating as Semikron Danfoss on August 22 after regulatory approvals, with ownership held by SEMIKRON and Danfoss families and Danfoss as the majority owner.

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.