Industrial Services Acquisitions in 2017

Kinderhook Industries, a New York-based private equity firm, acquired Intergulf Corporation, a Baytown, Texas-headquartered industrial liquids management company. Several Intergulf executives (including Brandon Velek and Marc Sansom) retained ownership stakes and will continue to lead the company post-transaction; financial terms were not disclosed.

Blake & Pendleton, a Macon, Georgia-based value-added distributor of compressed air, pumping and flow-control equipment, was recapitalized in a management-led buyout where CEO Allen King and the B&P management team partnered with Five Points Capital. Svoboda Capital Partners sold its position in the company as part of the transaction, leaving management as majority stakeholders alongside Five Points.

RESA Power, LLC has acquired HMT, Inc., a Cicero, New York-based provider of NETA-certified high-voltage electrical testing, repair and maintenance services. The acquisition expands RESA Power's service footprint across New York, Pennsylvania and Connecticut and strengthens its capabilities for mission-critical power distribution equipment; RESA Power is a PE-backed platform (Blue Sea Capital).

Haun Welding Supply, Inc., a 4th-generation welding supply company based in Syracuse, acquired the Albany division of family-owned Cryo Weld, Inc. The deal expands Haun's footprint across the Northeast and transfers the Albany operations to Haun while Cryo Weld continues independently under family ownership with remaining offices in Poughkeepsie and Lake Katrine, N.Y.

Platinum Equity has signed a definitive agreement to acquire United Site Services (USS), a Westborough, Massachusetts-based provider of portable restrooms, temporary fence and related site services. USS operates a network of more than 80 locations across the United States; financial terms were not disclosed and the seller was Calera Capital.

Emerald Transformer, a division of Versatile Processing Group (an Insight Equity portfolio company), acquired the Transformer Services group of Clean Harbors. The deal — terms undisclosed — adds five facilities and expands Emerald Transformer’s national footprint and capabilities in transformer repair, equipment recycling, PCB disposal and oil processing.

Sunbelt Rentals has acquired Van's Equipment Co., a two-location construction equipment rental company serving the Denver metro (with branches in Dacono and Aurora). The acquisition expands Sunbelt's presence in the Rocky Mountain region; SDR Ventures served as exclusive sell-side advisor to Van's.

RESA Power, LLC has acquired Pro-Con Electrical Testing, Ltd., a Richmond, British Columbia-based electrical testing and maintenance services provider. The deal establishes RESA's first service offering in Canada and expands its North American field service footprint through Pro-Con's experienced team and local presence.

Fastenal Company signed an agreement to acquire certain assets of Manufacturer's Supply Company (Mansco), a Hudsonville, Michigan-based fastener and industrial supply distributor. The asset purchase gives Fastenal entry into Mansco's strong commercial furniture OEM end market and expands Fastenal's distribution and inventory-management capabilities across Mansco's Michigan, Alabama and Texas facilities.