Industrial Services Acquisitions in 2015

Industrial Inspection & Analysis, Inc. (IIA), a national industrial inspection and testing services provider headquartered in Atlanta, acquired The QC Group, Inc., which will operate under the legal name QC Group, LLC. The acquisition adds QC Group’s four laboratories and capabilities in contract dimensional inspection, reverse engineering and nondestructive testing (including access to IIA’s NADCAP- and DLA-certified Sunnyvale lab), positioning IIA to expand service breadth and capacity for customers across aerospace, defense and manufacturing end markets.

MetalX, LLC acquired the assets of Metal Shred Industries, LLC, a Kendallville, Indiana-based scrap aluminum toll processor. The acquisition adds an aluminum shredding and separation facility to MetalX's existing network of scrap processing operations, expanding its nonferrous processing capabilities and footprint in Indiana.

Bunzl plc has agreed to acquire four distribution businesses: International Sourcing Company, Inc. (trading as Cordova Safety Products) in Memphis, US; Importadores Exportadores Solmaq SAS in Bogotá, Colombia; GF, Inc. in Calgary, Canada; and Ligne T SAS in Montauban, France. The deals extend Bunzl’s safety and industrial distribution footprint across North America, South America and Europe and deepen its capabilities in PPE, workwear and industrial packaging distribution.

Magnetech Industrial Services, a wholly-owned subsidiary of Integrated Electrical Services (IES), has acquired all common stock and associated real estate of Southern Industrial Sales and Services, Inc., d/b/a Southern Rewinding, a Columbus, Georgia-based motor repair and field services company. Southern Rewinding will operate as a subsidiary of Magnetech within IES's Infrastructure Solutions segment, expanding Magnetech's geographic reach on the Gulf Coast and adding motor repair capabilities; Michael Phillips will remain as General Manager.

Ward Leonard, a global industrial technology company based in Thomaston, Connecticut, has acquired Houma Armature Works, a Houma, Louisiana-based MRO specialist for motors and generators. The acquisition expands Ward Leonard’s service, remanufacturing and 24/7 field-service capabilities across energy, marine and government end markets and creates a combined organization with more than 250 employees.

BlackHawk Industrial has acquired Packaging Incorporated, a packaging and fastening equipment and supplies distributor headquartered in Eden Prairie, Minnesota. The acquisition expands BlackHawk's geographic footprint into additional Minnesota and Wisconsin markets and establishes a presence in Iowa; Packaging's commercial management will continue to lead the business within BlackHawk. Financial terms were not disclosed.

East Range Partners, a Cambridge, Massachusetts-based investment group led by Tyler Hogan and Michael Donovan, has acquired Pure Flow, Inc., a Peterborough, New Hampshire-based ultra-pure water purification company. Founder Charles “Skip” Iltis will remain involved during a transition while East Range retains the existing staff and management will continue operations locally.

North Branch Capital completed a minority/recapitalization investment in Motion Solutions, an Aliso Viejo-based value-added distributor of linear motion and motion control products. Midwest Mezzanine provided subordinated capital and First American Bank provided senior debt; Motion Solutions' management (including Harold Katz and Wally Logan) retained a significant equity stake and will continue to lead the company.

Global Industrial, the industrial products business unit of Systemax Inc., has acquired Plant Equipment Group (PEG), a business unit of TAKKT America Holding Inc. and TAKKT AG. PEG, headquartered in Milwaukee, Wisconsin, is a direct-marketing distributor of storage and material handling products; the sale represents a divestiture by TAKKT and expands Global Industrial's product offering and North American distribution footprint.