ASC Engineered Solutions Acquires Ward Manufacturing

ASC Engineered Solutions Acquires Trenton Pipe Nipple Company

June 15, 2021

Manufacturing

ASC Engineered Solutions, a portfolio company of Tailwind Capital, has acquired Trenton Pipe Nipple Company of Federalsburg, Maryland. The acquisition adds brass and stainless nipple and fitting manufacturing and custom fabrication capabilities to ASC's product portfolio, expanding its product breadth and distribution capabilities.

Fairbanks Morse (Arcline Portfolio) Acquires Ward Leonard

January 5, 2021

Aerospace & Defense

Fairbanks Morse, a portfolio company of Arcline Investment Management, has acquired Ward Leonard Operating, LLC, a provider of motors and electronic control solutions for military and marine applications. The deal expands Fairbanks Morse's power and propulsion product portfolio and aftermarket service capabilities for core customers including the U.S. Navy, U.S. Coast Guard and Canadian Coast Guard; terms were not disclosed.

ASC Warehouse Sold to Private Investors

March 7, 2025

Logistics & Distribution

Generational Group advised the sale of ASC Warehouse, a Bluffdale, Utah-based supplier of new, remanufactured and used diesel engine parts, to a group of private investors. The transaction closed on March 7, 2025; financial terms and buyer identities were not disclosed.

Tecum Capital-Led Investor Group Recapitalizes Automotive Systems Warehouse (ASW)

February 7, 2022

Logistics & Distribution

A consortium led by Pittsburgh-based private equity firm Tecum Capital, alongside Siguler Guff, Centerfield Capital Partners and UMB Family Wealth, has completed an eight-figure recapitalization of Automotive Systems Warehouse, LLC (ASW). The deal, which included equity and subordinated debt and involved ASW management as co-investors, funds growth initiatives and addresses founder succession while keeping the existing leadership team in place.

Wabtec Acquires Bloom Engineering for $69M

December 30, 2024

Industrial Services

Wabtec Corporation has acquired Bloom Engineering, Inc., a Pittsburgh-based provider of industrial burners and combustion systems, for $69 million in cash. The purchase expands Wabtec’s heat transfer and energy solutions capabilities and is expected to be immediately accretive to EPS, with synergies to be realized over the next three years.

Wesco International Acquires Ascent LLC for $185 Million

November 3, 2024

Infrastructure

Wesco International has acquired Ascent LLC, a data center facility management and services provider, for a cash-free, debt-free purchase price of $185 million. Ascent—headquartered in St. Louis with more than 300 employees and ~$115 million in trailing twelve-month sales—adds site operations, engineering, liquid-cooling capabilities and a proprietary Navigator platform to Wesco's data center solutions portfolio.