Turnout Industries Acquires KIHM Metal Technologies

Karman Space & Defense Acquires Metal Technology Inc. (MTI) for $90M

April 4, 2025

Aerospace & Defense

Karman Space & Defense (Karman Holdings Inc.) acquired Metal Technology Inc. (MTI), a refractory-alloy specialist based in Albany, Oregon, for $90 million in cash. The deal expands Karman's advanced materials and manufacturing capabilities (including additive manufacturing, hot forging and specialized forming) and provides accelerated access to strategic and classified missile defense programs.

Turnout Industries Acquires Dewpoint

June 12, 2024

IT Services

Turnout Industries, a Chicago-based diversified holding company, has acquired Dewpoint, an IT services firm headquartered in Lansing, Michigan. Dewpoint will continue operating under its current brand and leadership as Turnout leverages the business to expand its IT solutions capabilities and support growth across government, financial services, healthcare and other end markets.

Kloeckner Metals Acquires Industrial Manufacturing Services

November 2, 2023

Manufacturing

Klöckner & Co, through its U.S. subsidiary Kloeckner Metals Corporation (KMC), has acquired Industrial Manufacturing Services (IMS), a Lancaster, South Carolina-based metal fabricator. IMS, which operates a single facility with about 100 employees and annual sales around USD 30 million, will expand KMC’s fabrication, welding and just-in-time warehousing capabilities across North America; financial terms were not disclosed.

K-Solv Group Acquires Turnkey Industries

January 4, 2023

Manufacturing

The K-Solv Group has acquired Turnkey Industries, a Magnolia, Texas–based designer and manufacturer of custom truck bodies, trailers, transporters and mobile command units. K-Solv said the acquisition will expand its disaster response and field services capabilities and strengthen its solutions for the oil & gas, government and specialty markets; Turnkey’s founder will remain to support scaling and innovation.

Turnout Industries Invests in North Point Associates

November 9, 2022

Professional Services

Turnout Industries, a Chicago-based diversified holding company, announced a strategic investment in North Point Associates, an Ipswich, Massachusetts provider of investigative due diligence and proprietary research. North Point serves private equity firms, venture capital firms, corporations and campaigns; the investment will support the firm’s growth and broaden its client reach.

HEICO Corporation Acquires Accurate Metal Machining, Inc.

July 19, 2022

Aerospace & Defense

HEICO Corporation’s Flight Support Group acquired a 96% stake in Accurate Metal Machining, Inc., a Cleveland-based manufacturer of high-reliability components for aerospace, defense and semiconductor equipment, for cash at closing plus potential additional performance-based consideration. Accurate, founded in 1976 and employing approximately 250 people, will continue to be led by its existing management and remain largely unchanged operationally while adding capabilities to HEICO's Specialty Products Group.