Recent Industrial Services Acquisitions
Acquisition Volume in Industrial Services by Year
Last 5 years
This page covers recent acquisitions, growth investments and recapitalizations across the Industrial Services sector. Transactions span fire and life-safety services, automation and distribution, utility maintenance and construction, waste and recycling equipment, metals service centers, and industrial MRO.
Buyers range from strategic corporate platforms and trade acquirers to private equity sponsors. Examples from recent announcements include Thompson Safety, Tavoron, Morgan Stanley Capital Partners, Komar Industries, and Ryerson Holding Corporation, with activity concentrated in U.S. states such as Texas, Wisconsin and Florida and with at least one cross-border transaction in Ontario, Canada.
What Stands Out
- Recurring buyer mix: active acquirers include private equity and strategic platforms such as The Riverside Company, Allied Industrial Partners LLC, Dexterra Group, Keystone Capital Management, L.P., Wastequip, Stellex Capital Management, GED management, and Beekman Investment Partners IV, LP.
- Subsector focus: noticeable activity in fire & life-safety and security integration (e.g., Thompson Safety, Pye-Barker Fire & Safety, NSG-Norel), automation and distribution (Tavoron / Doig), utility services and power MRO (Gridco, MSHS Pacific Power Group), waste/recycling equipment (Komar Industries), fluid handling and sealing solutions (Tencarva / Hoffman-Kane), and metals consolidation (Ryerson / Olympic Steel).
- Geography: predominantly U.S.-focused transactions with recent deal locations including Texas, Wisconsin, Florida, Alabama, Arkansas, Massachusetts, Pennsylvania and Ohio, plus at least one Ontario, Canada transaction.
- Deal structures: a mix of add-on acquisitions, PE growth investments and recapitalizations, and larger strategic mergers—each used to expand technical capabilities, regional footprints and service capacity.
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March 21, 2026
- Buyer
- TPG, TPG Rise Climate
- Target
- Sabre Industries, Inc.
- Seller
- Blackstone Energy Transition Partners
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
TPG, through its climate investing platform TPG Rise Climate, signed definitive agreements to acquire a majority stake in Sabre Industries. Blackstone Energy Transition Partners will retain a significant minority stake, and the deal is expected to close in the second quarter of 2026 subject to approvals and closing conditions.
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March 20, 2026
- Buyer
- Tweet Garot Mechanical
- Target
- Prime Specialty Contracting
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Addon
Tweet Garot Mechanical, a Wisconsin-based mechanical contractor, acquired Prime Specialty Contracting to expand its footprint in Michigan’s Upper Peninsula and strengthen its regional presence. Prime Specialty Contracting—which provides mechanical, plumbing, HVAC, and custom metal fabrication services—will continue operating from its Marquette and Escanaba locations under founder Cory Bushong, with both sites remaining open.
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March 20, 2026
- Buyer
- SouthernCarlson
- Target
- Greenwald Supply Direct
- Industry
- Industrial Services
- Location
- Maryland, United States
- Type
- Addon
SouthernCarlson, a distributor of fasteners, tools, packaging, and construction supplies, acquired Greenwald Supply Direct, a specialty distributor serving commercial contractors across the Mid-Atlantic region. The acquisition is intended to strengthen SouthernCarlson’s footprint in the Mid-Atlantic by expanding product breadth, supply-chain capabilities, and national distribution access. Greenwald Supply Direct will continue operating under its existing name and at its current Hyattsville, Maryland location; financial terms were not disclosed.
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- Buyer
- I-Pulse
- Target
- CSI Technologies
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
I-Pulse, a pulsed power technology company, announced it acquired CSI Technologies, a Vista, California-based manufacturer of high-energy, high-voltage capacitors for industrial, medical, and defense applications. The acquisition is intended to expand I-Pulse’s U.S. manufacturing capabilities, strengthen the supply chain, and speed development and deployment of pulsed power technologies through integrated capacitor design and production expertise.
-
March 20, 2026
- Buyer
- Blackford Capital
- Target
- Habco Partnership, Moro Corporation
- Industry
- Industrial Services
- Location
- Missouri, United States
- Type
- Addon
Blackford Capital announced the launch of a new HVAC, Electrical and Diversified Services (HEDS) platform by combining its acquisitions of Habco Partnership and Moro Corporation. The two companies have been merged under the Habco name, with Andrew Habel, CEO of Habco, leading the combined organization.
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- Buyer
- Veza Manufacturing
- Target
- Tornik, LLC
- Industry
- Industrial Services
- Location
- Mexico
- Type
- Addon
Veza Manufacturing acquired Tornik, LLC’s manufacturing operations in Tijuana, Mexico (a maquiladora facility within the IMMEX program). The deal expands Veza’s production capacity and adds certified wire & cable harness and electromechanical assembly capabilities, particularly serving the medical market.
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- Buyer
- TransTech Group, Bridge Industries
- Target
- Teknoflow Green Equipments Private Limited
- Seller
- Founding family of Teknoflow Green Equipments Private Limited
- Industry
- Industrial Services
- Location
- India
- Type
- Addon
TransTech Group acquired a controlling interest in Teknoflow Green Equipments Private Limited in partnership with Teknoflow’s founding family. The deal brings Teknoflow into TransTech’s Engineered Products Group and establishes TransTech’s manufacturing presence in India to expand multi-regional engineered equipment supply for energy and industrial infrastructure markets.
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March 19, 2026
- Buyer
- 3M, Bain Capital
- Target
- Madison Fire & Rescue
- Seller
- Madison Industries
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
3M entered into a definitive agreement to acquire Madison Fire & Rescue in partnership with Bain Capital. The deal includes forming a new joint venture where 3M contributes Scott Safety, receives $700M in cash proceeds at closing, and will own 50.1% of the new company, with Bain Capital owning 49.9%.
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- Buyer
- All Glass & Windows, Cross Rapids Capital LP
- Target
- Sarasota Glass & Mirror
- Seller
- Sarasota Glass & Mirror (owners not specified), Unspecified sellers/owners of Sarasota Glass & Mirror (not named in article)
- Industry
- Industrial Services
- Location
- Florida, United States
- Type
- Addon
Generational Group announced the sale of Sarasota Glass & Mirror to All Glass & Windows, a portfolio company of Cross Rapids Capital LP. The acquisition closed on February 12, 2026. Sarasota Glass & Mirror is based in Sarasota, Florida and provides glass and glazing services for residential and commercial customers.
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March 19, 2026
- Buyer
- GrayMatter, Tailwind Capital
- Target
- FTE Factory Advisors
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
GrayMatter, a provider of industrial automation and digital transformation services, announced the acquisition of FTE Factory Advisors, a Lean transformation consultancy. Supported by investment partner Tailwind Capital, the deal expands GrayMatter’s ability to deliver end-to-end factory transformation by combining Lean methodology with digital and AI-enabled industrial intelligence.
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March 18, 2026
- Buyer
- Fortis Fire & Safety Inc.
- Target
- LaMarco Systems Inc.
- Industry
- Industrial Services
- Location
- Illinois, United States
- Type
- Buyout
Fortis Fire & Safety Inc. announced it has acquired LaMarco Systems Inc., a provider of advanced fire alarm, security, and integrated building safety solutions. The acquisition expands Fortis’ reach into the Midwest and enhances its mission-critical life safety technology capabilities while keeping LaMarco operating from its Northbrook headquarters.
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March 18, 2026
- Buyer
- Radial Equity Partners
- Target
- Thomas Precision Machining
- Seller
- Kevin Nyara (Outgoing CEO and Owner of Thomas Precision Machining)
- Industry
- Industrial Services
- Location
- Wisconsin, United States
- Type
- Growth capital
Radial Equity Partners announced an investment in Thomas Precision Machining (TPM), forming a strategic partnership to support the industrial components provider’s continued growth and operational expansion. The deal includes leadership changes, with Tom Goeke (former CEO of Milacron and Klöckner Pentaplast) serving as Chairman; financial terms were not disclosed.
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March 18, 2026
- Buyer
- Aeromed Group LLC
- Target
- NorcaTec LLC
- Seller
- Russell Stern, Eytan Erez
- Industry
- Industrial Services
- Location
- New York, United States
- Type
- Buyout
BlackArch Partners advised NorcaTec LLC on its acquisition by Aeromed Group LLC. NorcaTec is a defense supply chain partner supporting naval, armored vehicle, and aircraft platforms, with services spanning distribution, logistics, and aftermarket sustainment for foreign military customers and OEMs.
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- Buyer
- VisionWave Holdings, Inc.
- Target
- C.M. Composite Materials Ltd.
- Industry
- Industrial Services
- Location
- Israel
- Type
- Buyout
VisionWave Holdings, Inc. has agreed with the largest creditor of C.M. Composite Materials Ltd. to align on settlement obligations, removing a potential obstacle to completing its previously announced acquisition. VisionWave’s planned deal would give it a 51% controlling interest in the Israeli aerospace and defense composite manufacturing platform, subject to customary closing conditions.
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March 14, 2026
- Buyer
- Premier Fence
- Target
- SecurityWorks
- Industry
- Industrial Services
- Location
- Massachusetts, United States
- Type
- Addon
Premier Fence, a fencing and access control services provider and a portfolio company of Harkness Capital Partners, acquired SecurityWorks to expand Premier Fence’s perimeter security capabilities and New England presence. SecurityWorks, led by founder and CEO John McGovern, will continue operating under its existing leadership as part of the Premier Fence platform.
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March 14, 2026
- Buyer
- Chimney Rock Equity Partners
- Target
- Gas Clip Technologies
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Buyout
Chimney Rock Equity Partners has acquired Gas Clip Technologies, a Dallas-based supplier of portable gas detection devices for industrial safety applications. The deal terms were not disclosed, and the parties plan to work together to expand Gas Clip’s product, distributor, and geography offerings.
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March 13, 2026
- Buyer
- Hill & Smith PLC
- Target
- Freeberg Industrial Fabrication Corp.
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
Hill & Smith PLC has agreed to acquire Freeberg Industrial Fabrication Corp. for an initial cash consideration of $36 million for 80% of its equity. The deal is subject to U.S. regulatory approvals and includes potential additional payments for the remaining 20% via profitability-based earn-out terms through December 31, 2031, with earn-out capped at $50 million.
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March 13, 2026
- Buyer
- HKW
- Target
- Watershield Industries
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Buyout
HKW, a middle-market private equity firm, acquired Watershield Industries, a manufacturer and distributor of fire and rescue equipment serving municipal, wildland, and industrial customers across North America. Watershield’s multi-brand portfolio includes Weis Fire & Safety, S&H Products, and C&S Supply, and it designs and manufactures brush trucks, pump testing units, and engineered nozzles and valves. Financial terms were not disclosed.
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March 13, 2026
- Buyer
- York Space Systems
- Target
- Orbion Space Technology
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
York Space Systems acquired Orbion Space Technology to strengthen its vertically integrated satellite propulsion and reduce supply-chain risk. Orbion will continue operating as a wholly owned U.S. subsidiary of York while supplying electric propulsion systems (Hall-effect thrusters) used on York spacecraft.
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March 13, 2026
- Buyer
- ASSA ABLOY
- Target
- Sam's Garage Doors
- Industry
- Industrial Services
- Location
- British Columbia, Canada
- Type
- Buyout
ASSA ABLOY announced it has acquired Sam's Garage Doors, a Canada-based distributor, installer, and servicer of door products and a manufacturer of gate products. The deal is intended to strengthen ASSA ABLOY’s position in Western Canada and expand its service reach across the greater Vancouver area.
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March 12, 2026
- Buyer
- SOCOTEC
- Target
- American Engineers Group (AEG)
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
SOCOTEC announced the acquisition of American Engineers Group (AEG), a multidisciplinary engineering consultancy headquartered in Mechanicsburg, Pennsylvania. The deal adds nearly 60 professionals across four Mid-Atlantic offices and strengthens SOCOTEC’s U.S. infrastructure platform as it enters Pennsylvania and Maryland.
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- Buyer
- Alsco Uniforms
- Target
- Advanced Linen Service
- Industry
- Industrial Services
- Location
- California, United States
- Type
- Buyout
Alsco Uniforms acquired Advanced Linen, a uniform and linen provider serving California’s Bay Area, Central Valley, and Monterey Bay. The deal is intended to strengthen Alsco’s footprint across Northern and Central California and broaden service capabilities for regional customers, with a focus on a seamless customer transition.
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March 12, 2026
- Buyer
- RESA Power, Kohlberg
- Target
- JA Tech
- Seller
- Co-owners Jason Dierker and Greg Bolen
- Industry
- Industrial Services
- Location
- Saskatchewan, Canada
- Type
- Addon
RESA Power acquired JA Tech, a Saskatoon, Saskatchewan-based provider of electrical power systems field and engineering services and products. The deal expands RESA Power’s presence in Saskatchewan and strengthens its base of skilled technicians in western Canada, supporting its strategy to build regional hubs across Canada.
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- Buyer
- Cintas
- Target
- UniFirst
- Seller
- UniFirst shareholders (including entities affiliated with the Croatti family)
- Industry
- Industrial Services
- Location
- United States
- Type
- Buyout
Cintas entered into a definitive agreement to acquire UniFirst in a transaction valued at approximately $5.5 billion. Under the terms, UniFirst shareholders will receive $155.00 in cash and 0.7720 shares of Cintas stock per UniFirst share, with the deal expected to close in the second half of 2026 subject to approvals.
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March 12, 2026
- Buyer
- Tico Capital Partners
- Target
- AME Automotive
- Seller
- David Easterbrook, AME Automotive management team
- Industry
- Industrial Services
- Location
- Michigan, United States
- Type
- Buyout
Tico Capital Partners has completed its acquisition of AME Automotive, a provider of turnkey facility design, equipment solutions, and professional installation services for automotive dealerships across the United States. The partnership is intended to give AME additional resources and strategic support to expand its capabilities while preserving its culture and customer-first approach.
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- Buyer
- AIM MRO Holdings, LLC
- Target
- Advanced Air West Palm Beach, Inc. (AA Bushings)
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
AIM MRO Holdings acquired Advanced Air West Palm Beach, Inc., doing business as AA Bushings, to expand its aerospace aftermarket landing gear components portfolio. The add-on acquisition increases AIM MRO’s manufacturing capacity with a state-of-the-art facility focused on landing gear components and enables cross-selling opportunities within its consumables offerings.
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March 11, 2026
- Buyer
- KPS Capital Partners, LP
- Target
- Jennmar
- Seller
- Tony Calandra, FalconPoint Partners
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
KPS Capital Partners, LP (KPS) signed a definitive agreement through a newly formed subsidiary to acquire a majority/control interest in Jennmar and its subsidiaries. Financial terms were not disclosed, and closing is expected in Q2 2026 subject to customary conditions and approvals.
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March 11, 2026
- Buyer
- Greenbelt Capital Partners
- Target
- Peak Utility Services Group
- Seller
- ORIX Capital Partners
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Buyout
Greenbelt Capital Partners entered into a definitive agreement to acquire Peak Utility Services Group from ORIX Capital Partners. Peak provides maintenance, repair, and upgrade services for electric, gas, and telecommunications infrastructure across 15 states. The transaction is expected to close subject to customary regulatory approvals and closing conditions; terms were not disclosed.
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March 11, 2026
- Buyer
- Blackstone Energy Transition Partners
- Target
- Advanced Cooling Technologies, Inc. (ACT)
- Industry
- Industrial Services
- Location
- Pennsylvania, United States
- Type
- Buyout
Funds managed by Blackstone Energy Transition Partners have entered into a definitive agreement to acquire a majority stake in Advanced Cooling Technologies (ACT), a U.S. manufacturer of thermal management and energy efficiency solutions. The transaction is expected to close in Q2 2026, subject to customary conditions, with ACT’s executive team remaining in place and continuing as significant shareholders.
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March 10, 2026
- Buyer
- Hydraulic Technologies
- Target
- Foxtrot Industriel
- Industry
- Industrial Services
- Location
- Quebec, Canada
- Type
- Addon
Hydraulic Technologies, a Wynnchurch Capital portfolio company, announced it has acquired Foxtrot Industriel, a manufacturer of motorized industrial handling equipment. The acquisition expands Hydraulic Technologies’ newly formed Heavy Lift segment alongside Hydra-Slide and is intended to strengthen its position in heavy-lift and factory-automation markets.
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- Buyer
- Distribution Solutions Group, Inc. (DSG)
- Target
- Eastern Valve & Control Specialties Ltd.
- Industry
- Industrial Services
- Location
- Newfoundland and Labrador, Canada
- Type
- Addon
Distribution Solutions Group, Inc. (DSG) announced the acquisition of Eastern Valve & Control Specialties Ltd. (Eastern Valve), an industrial valves, instrumentation, and flow-control provider serving Atlantic Canada. The deal is intended to further scale DSG’s Canadian operations and expand its Mobile Valve platform, supported by DSG’s existing cash and credit availability.
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- Buyer
- Midland Industries
- Target
- Industrial Specialties Manufacturing (ISM)
- Industry
- Industrial Services
- Location
- Colorado, United States
- Type
- Buyout
Midland Industries, a Kansas City, Missouri-based value-added distributor and manufacturer, announced it has acquired Industrial Specialties Manufacturing (ISM). Financial terms were not disclosed. The acquisition expands Midland’s product portfolio and strengthens its position in OEM channels through ISM’s technical expertise in pneumatic, vacuum, and fluid circuitry components.
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- Buyer
- SKF
- Target
- G-Tech Instruments Inc.
- Industry
- Industrial Services
- Location
- Taiwan
- Type
- Addon
SKF has signed an agreement to acquire G-Tech Instruments Inc., a specialist in condition monitoring and measuring instruments technology. The deal is intended to expand SKF’s digitally enabled reliability solutions and strengthen its services business, including vibration analysis and diagnostic tooling for predictive maintenance.
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- Buyer
- Fidelity Building Services Group
- Target
- Masters Mechanical
- Seller
- John Masters (President / Partner of Masters Mechanical)
- Industry
- Industrial Services
- Location
- Virginia, United States
- Type
- Addon
Fidelity Building Services Group acquired Masters Mechanical, a commercial and industrial HVAC and refrigeration services provider based in Virginia. The deal supports Fidelity’s nationwide expansion strategy and strengthens its presence in the Virginia market, especially for mission-critical and healthcare facilities.
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- Buyer
- Aecon Utilities Group Inc., Aecon Group
- Target
- Duna Services, Arc American, LLC, C.A. Advanced, LLC, KNX Utility Services, LLC
- Seller
- Ryker Holdings Inc.
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Buyout
Aecon Group announced that its subsidiary Aecon Utilities Group Inc. acquired Duna Services (including Arc American, LLC and C.A. Advanced, LLC) from Ryker Holdings Inc. for a base purchase price of $60 million, plus potential contingent proceeds. The transaction also includes Aecon Utilities acquiring a 49% interest in KNX Utility Services, LLC, to strengthen its U.S. electrical distribution, transmission, and storm response capabilities.
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March 9, 2026
- Buyer
- Mineros S.A.
- Target
- AngloGold Ashanti Colombia S.A.S. (AGA Colombia)
- Seller
- A subsidiary of AngloGold Ashanti PLC
- Industry
- Industrial Services
- Location
- Tolima, Colombia
- Type
- Buyout
Mineros S.A. entered into a definitive agreement to acquire a 100% interest in a gold exploration project in Colombia’s Department of Tolima by purchasing all outstanding shares of AngloGold Ashanti Colombia S.A.S. (AGA Colombia) from an AngloGold Ashanti subsidiary. The deal includes $10 million payable in cash at closing and contingent consideration of up to $60 million tied to mineral ore tonnage under an approved plan and environmental license, with an expected closing in the first quarter of 2026.
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- Buyer
- ORS Nasco, Wynnchurch Capital
- Target
- AD Industries - AD Member Supply unit (acquired assets), Alliance Distribution Partners (acquired assets)
- Seller
- AD Industries (AD Member Supply unit)
- Industry
- Industrial Services
- Location
- United States
- Type
- Addon
ORS Nasco, a wholesaler of industrial maintenance, repair, and operations (MRO) products, acquired assets associated with AD Industries’ AD Member Supply unit and Alliance Distribution Partners. The acquisitions add complementary distribution capabilities—strengthening ORS Nasco’s power transmission and welding offerings—and expand its product breadth and supplier relationships across major U.S. industrial markets.
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March 6, 2026
- Buyer
- Knife River
- Target
- Morgan Asphalt
- Industry
- Industrial Services
- Location
- Utah, United States
- Type
- Buyout
Knife River announced the acquisition of Morgan Asphalt, an aggregates-based asphalt paving company serving the Salt Lake City, Utah area. The deal marks Knife River’s entry into Utah and expands its Mountain Region footprint, with Morgan Asphalt to be integrated ahead of the 2026 construction season.
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March 5, 2026
- Buyer
- Saber Power Services, LLC
- Target
- Bounds Construction II, LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
Saber Power Services, a portfolio company of Greenbelt Capital Partners, announced that it acquired Bounds Construction II, a privately held foundation construction company. The deal adds civil construction capabilities—especially substation and switchyard foundation work—to Saber Power’s vertically integrated electrical infrastructure services.
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- Buyer
- Power Solutions International
- Target
- MTL Manufacturing & Equipment
- Industry
- Industrial Services
- Location
- Wisconsin, United States
- Type
- Buyout
Power Solutions International has acquired MTL Manufacturing & Equipment, a Beloit, Wisconsin-based metal and steel fabricator that produces components for power generation systems, including data centers. The deal purchases 100% of MTL’s outstanding stock and is expected to strengthen Power Solutions’ competitive position in the data center market through vertical integration and improved supply chain control. Financial terms were not disclosed, and MTL’s management team will continue to lead operations post-transaction.
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March 5, 2026
- Buyer
- EVI Industries
- Target
- Belenky
- Seller
- Minster family (led by Rob Minster, Emily Prioletti, and Mike Prioletti)
- Industry
- Industrial Services
- Location
- Ohio, United States
- Type
- Addon
EVI Industries has completed its acquisition of Belenky, a fifth-generation family-owned distributor of commercial laundry products based in Akron, Ohio, which also provides installation and maintenance services. The deal strengthens EVI’s presence in Ohio and adds an experienced team while Belenky will continue operating under its existing name and from its current facility.
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March 5, 2026
- Buyer
- ASA Safety Supply
- Target
- Indiana Safety & Supply (ISS)
- Industry
- Industrial Services
- Location
- Indiana, United States
- Type
- Addon
ASA Safety Supply, a portfolio company of Trivest Partners, acquired Indiana Safety & Supply (ISS), a distributor of PPE and facility safety products based in Washington, Indiana. The deal expands ASA Safety’s geographic footprint in the industrial safety distribution market and strengthens purchasing scale to support growth of private-label safety offerings.
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March 5, 2026
- Buyer
- All Metals Fabricating
- Target
- Power Electric Supply Company
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Growth capital
All Metals Fabricating announced it has joined a group of investors acquiring a stake in Power Electric Supply Company (formerly Meister Supply Company). The investment is intended to simplify the supply chain and improve pricing for electrical and telecommunications components supporting fast-growing data center and power generation projects, while giving Power Electric Supply access to All Metals’ manufacturing capabilities.
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- Buyer
- AFM Capital Partners Inc
- Target
- Incodema3D Holdings, Inc.
- Industry
- Industrial Services
- Location
- New York, United States
- Type
- Buyout
AFM Capital Partners acquired a majority ownership interest in Incodema3D Holdings, Inc., a contract manufacturer specializing in metal additive manufacturing for mission-critical defense, aerospace, space, energy, and industrial applications. Incodema3D’s founder, CEO Sean Whittaker, and senior leadership retained significant equity and will continue leading the business alongside AFM Capital.
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- Buyer
- MasTec, Inc.
- Target
- McKee Utility Contractors, LLC
- Seller
- Boyne Capital
- Industry
- Industrial Services
- Location
- Oklahoma, United States
- Type
- Buyout
Boyne Capital announced the sale of its portfolio company, McKee Utility Contractors, LLC, to MasTec, Inc. for an enterprise value of $276 million. McKee is a family-operated infrastructure services platform focused on large-diameter water and wastewater transmission line projects in Texas, Oklahoma, and Arkansas.
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- Buyer
- South-Tek Holdings, L.P., Pfingsten
- Target
- Patriot Compressor Parts, LLC
- Industry
- Industrial Services
- Location
- Texas, United States
- Type
- Addon
Pfingsten’s portfolio company, South-Tek Holdings, L.P., acquired Patriot Compressor Parts, LLC. Patriot is a manufacturer and distributor of aftermarket natural gas compressor parts headquartered in Granbury, Texas.
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- Buyer
- MacLean Power Systems, Funds affiliated with Blackstone Energy Transition Partners (Blackstone), An affiliate of Centerbridge Partners
- Target
- Power Grid Components
- Industry
- Industrial Services
- Location
- South Carolina, United States
- Type
- Buyout
MacLean Power Systems (MPS) completed its previously announced merger with Power Grid Components (PGC), combining their engineered electrical transmission, distribution, substation and communications infrastructure equipment portfolios under the MacLean Power Systems name. Funds affiliated with Blackstone Energy Transition Partners and Blackstone’s flagship private equity strategy became the majority owners of the combined company, with an affiliate of Centerbridge Partners making a new investment. Financial terms were not disclosed.
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- Buyer
- Reconomy
- Target
- Gesellschaft für Abfallwirtschaft mbH (GfAW)
- Industry
- Industrial Services
- Location
- Germany
- Type
- Buyout
Reconomy has acquired Gesellschaft für Abfallwirtschaft mbH (GfAW), a Germany-based, asset-light specialist in managing complex industrial waste streams across Germany and selected European markets. The deal is intended to strengthen Reconomy’s capabilities in handling complex waste streams EU-wide, with GfAW to be integrated into Reconomy Nordics’ operations.
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- Buyer
- Fireye
- Target
- Energy Technology & Control Limited (ETC)
- Industry
- Industrial Services
- Location
- United Kingdom
- Type
- Buyout
Fireye, part of Spectrum Safety Solutions, has acquired Energy Technology & Control Limited (ETC), a UK-based provider of combustion control technology and electronic burner controls. The deal expands Fireye’s combustion control portfolio, including solutions for managing multiple boilers, air-fuel ratio control, and Bluetooth-enabled diagnostics.
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- Buyer
- Mitsubishi Heavy Industries Compressor Corporation
- Target
- AST Turbo AG
- Industry
- Industrial Services
- Location
- Switzerland
- Type
- Buyout
Mitsubishi Heavy Industries Compressor Corporation has acquired all shares of AST Turbo AG, a Switzerland-based rotating equipment maintenance specialist. The deal is intended to strengthen Mitsubishi Heavy Industries Compressor’s international field service capabilities and reduce turnaround times for parts replacement, repairs, and inspections after turbo machinery installation.
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Frequently Asked Questions
What types of buyers are active in Industrial Services M&A?
Both strategic corporate platforms and private equity sponsors are active. Recurring acquirers named on recent announcements include firms such as The Riverside Company, Allied Industrial Partners LLC, and sponsor-backed platforms like Tavoron and BayHawk Capital.
Which Industrial Services subsectors are drawing the most deal activity?
Recent transactions highlight fire & life-safety and security integration, automation distribution, utility maintenance and construction, waste and recycling equipment, industrial MRO and metals service centers—each cited as targets for capability or geographic expansion.
Where are these deals happening geographically?
Activity is concentrated across the United States (notably Texas, Wisconsin, Florida, Alabama, Arkansas, Massachusetts, Pennsylvania and Ohio) with at least one recent North American transaction in Ontario, Canada.
How are acquirers structuring these transactions?
Deals commonly take the form of add-on acquisitions to build platform capabilities, PE growth investments and recapitalizations to fund expansion (e.g., BayHawk Capital in Gridco; RF Investment Partners and Prairie Capital with NSG-Norel), and occasional strategic mergers such as Ryerson Holding Corporation with Olympic Steel.