Industrial Services Acquisitions in 2016

Lynwood Capital Partners has acquired Rocket Seals, Inc., a Denver-based distributor of seals and O-rings, in partnership with Rocket's existing management team. The private equity firm plans to support the company's growth—both organically (expanding inventory and sales technicians) and through acquisitions of other industrial parts distributors.

Spanish engineering and multi-technology services group DOMINION has acquired Williamsville, New York–headquartered International Chimney Corporation (ICC) for $15 million. The purchase strengthens DOMINION's U.S. industrial services footprint and complements its existing portfolio of complex solutions and recent U.S. deals, adding a recurring revenue business (estimated $35–40M annual turnover).

Denver-based Western Paper Distributors acquired CDC Janitorial Supply (formerly Central Distributing) of Grand Junction, Colorado on October 14, 2016. The purchase expands Western Paper’s sales footprint and purchasing scale across Colorado’s Western Slope and adds cleaning supplies, equipment and foodservice packaging customers in mountain resort and regional markets.

Crown Linen has completed the acquisition of commercial laundry provider Laundry Plus, expanding its Florida footprint into West Central Florida and adding a Bradenton facility. Laundry Plus, established in 1989 and a longtime supplier to Gulf Coast hotels, joins Crown Linen's existing facilities in Miami, Orlando, Fort Myers and Haines City.

Krones has acquired a majority interest in Trans-Market Sales & Equipment, Inc., a Tampa-based provider of process engineering and automation solutions for the liquid food industry. The previous owners will retain a minority stake and remain engaged in management; the deal strengthens Krones' process-technology capabilities and North American footprint.

Capital For Business, Inc. (CFB) completed the acquisition of AirWorx Construction Equipment & Supply, LLC, a distributor and lessor of new and used industrial construction and material handling equipment. CFB executed the transaction in partnership with Konza Valley Capital and MidStates Capital L.P., alongside the AirWorx management team.

Averna announced the acquisition of US-based Nexjen Systems, a Charlotte, North Carolina integrator of mechanical test systems, RF automated test equipment and industrial control/automation solutions. The deal (terms undisclosed) brings Nexjen's team into Averna to strengthen Averna's presence in the Eastern United States as part of its global growth strategy.

Preh Group's automation subsidiary Preh IMA Automation GmbH (PIA) has acquired Evana Tool & Engineering, Inc., a turnkey provider of automation solutions based in Evansville, Indiana. The acquisition gives Preh a foothold in North America and expands its automation and systems-integration capabilities across automotive, healthcare, and industrial end markets.

Industrial Service Solutions, a portfolio company of Edgewater Growth Capital, acquired five regional industrial service businesses — Midwest Valve Parts Supply Co., Cajun Valve Services, All-Pump & Equip. Co., Service Equipment & Repair Company, and Plant-N-Power Services — to expand its field service, repair and parts capabilities. The deals augment ISS’s national platform by adding products, technical personnel, physical assets and new geographies to support industrial and manufacturing customers across North America.