Plexus Capital Acquires Majority Interest in National Boiler Service

Plexus Capital Acquires Southern Elevator Group with Financing from Brightwood Capital

October 26, 2023

Industrial Services

Plexus Capital has acquired Southern Elevator Group, a provider of elevator installation, maintenance, modernization and repair services, with financing support from Brightwood Capital Advisors. Brightwood provided debt financing to back the transaction, which Plexus says will position Southern to accelerate growth and enhance its service offerings across commercial, residential and institutional end markets.

Center Rock Capital Partners Acquires Power Plant Services, Inc.

June 30, 2021

Industrial Services

Center Rock Capital Partners, LP acquired Power Plant Services, Inc., a Melrose Park, Illinois-based provider of aftermarket turbine components and turnkey MRO services for power generation and industrial customers. Center Rock said it will work with PPS's management to drive organic growth, expand capabilities, and pursue domestic and international growth opportunities.

Arcline Investment Management Acquires Electric Power Systems and North American Substation Services

April 21, 2021

Infrastructure

Arcline Investment Management acquired Electric Power Systems (EPS) and North American Substation Services (NASS) from Industrial Growth Partners to create a leading electric infrastructure services platform (now branded Voltyx). Industrial Growth Partners retained a minority stake in the combined business; the deal brings together protection and control engineering, high-voltage apparatus testing, and substation maintenance capabilities to serve utilities, renewable energy, data center and commercial customers.

NewBold Corporation (Stonewood Portfolio) Acquires National Service Center from Illinois Tool Works

April 1, 2019

IT Services

NewBold Corporation, a Stonewood Capital portfolio company, has acquired National Service Center (NSC) from Illinois Tool Works. NSC, based in Greenville, South Carolina, provides nationwide point-of-sale field repair, managed services and professional services to multi-unit retail and restaurant operators. The transaction expands NewBold's service capabilities and national footprint in POS and in-store technology for multi-unit operators.

Qualus Acquires Phoenix Engineering Services, Inc.

November 17, 2021

Utilities

Qualus, LLC, a provider of engineering and technical field services to utilities, acquired Phoenix Engineering Services, Inc., an Atlanta-area engineering and testing firm. The acquisition expands Qualus’s service offerings—adding relay and substation testing, NERC PRC studies, panel building and utility software development—to strengthen capabilities for utility, municipal, commercial and renewable clients.

The Colt Group Acquires Plant Services, Inc.

December 3, 2024

Industrial Services

The Colt Group, a Houston-based provider of on-line industrial leak repair solutions backed by Capstreet, has acquired Plant Services, Inc. (PSI), a Worden, Montana-based specialist in on-line leak repair, hot tapping, line stopping and field machining, expanding Colt's footprint across the Rocky Mountain region. Terms were not disclosed; NXT Capital provided financing in support of Capstreet's add-on acquisition and refinancing of The Colt Group.