Industrial Services Acquisitions in 2026

Thompson Safety, a national provider of fire protection and workplace safety services, has acquired Houston-area Fulshear Fire Protection to strengthen its presence in the Greater Houston market. The acquisition increases Thompson's local technician roster and service capacity, expands its commercial and industrial customer base, and is expected to create cross-sell opportunities across Thompson's safety and fire protection offerings.

Tavoron, a PE-backed national automation and industrial systems platform, has acquired Doig Corporation, a factory automation distributor headquartered in Cedarburg, Wisconsin. The add-on expands Tavoron's automation distribution capabilities and strengthens its presence across the Upper Midwest, while Doig will continue operating from its Cedarburg location under the Tavoron brand.

Investment funds managed by Morgan Stanley Capital Partners have acquired Security 101, a West Palm Beach-based commercial security integration services provider. The deal positions Morgan Stanley to expand Security 101's national accounts program and support continued organic growth and M&A activity; prior investor Gemspring Capital had partnered with the company during its prior scale-up phase.

BayHawk Capital, a private equity firm, has made a strategic growth investment in Gridco, a provider of distribution, transmission and substation maintenance, upgrade and construction services for electric utilities. The founders remain majority shareholders and will continue to lead the company; proceeds will support organic growth and strategic acquisitions and expand Gridco's ability to serve utility clients across the Southeastern United States.

Superior Environmental Solutions (a Palladium Equity Partners portfolio company) has acquired ChemWorx, a Decatur, Alabama-based specialist in chemical cleaning and fin fan foaming. The add-on transaction expands SES’s technical capabilities and regional footprint across the Southeast; financial terms were not disclosed.

Pye-Barker Fire & Safety has acquired Universal Fire Systems, a 34-year fire sprinkler specialist based in Tampa, Florida, expanding Pye-Barker's presence and fire protection capabilities in the Tampa Bay market. The deal brings Universal's portfolio of commercial projects and experienced technicians into Pye-Barker's nationwide platform; Pye-Barker is represented by Nelson Mullins Riley & Scarborough in the transaction.

Middle-market private equity firm HKW has acquired Handling Systems and Conveyors, Inc. (HSC), a vertically integrated designer, manufacturer, installer and service provider of cranes, hoists, conveyors and tooling solutions. HKW said it will support HSC’s growth by expanding service penetration, investing in new geographic locations and pursuing strategic add-on acquisitions; financial terms were not disclosed.

RF Investment Partners partnered with Prairie Capital to provide flexible capital supporting a recapitalization of NSG Life Safety and Norel Service Company (together "NSG-Norel"), a New England provider of fire, life safety, and security solutions. The transaction positions NSG-Norel to invest in people, technology, new service lines and geographic expansion to support its next phase of growth.

Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.

Komar Industries has acquired Metro Compactor Service, Inc., BaleForce Recycling Equipment Inc., and Chute Source LLC to create a unified North American waste and recycling equipment and services platform. The deal expands Komar's equipment portfolio, service network and IoT capabilities—strengthening its presence in Canada and increasing its ability to serve multi-tenant residential and commercial customers across North America.

Ryerson Holding Corporation and Olympic Steel, Inc. have completed a merger in which Ryerson issued 1.7105 shares of its common stock for each share of Olympic Steel, leaving former Olympic Steel shareholders with approximately 37% of the combined company. The transaction creates the second-largest North American metals service center, with expected annual synergies of about $120 million by early 2028 from procurement, scale, operational efficiencies, commercial enhancements, and footprint optimization.

Industrial Service Solutions (ISS), a portfolio company of Wynnchurch Capital, has acquired MSHS Pacific Power Group (MSHS & PPG) from MPE Partners. The add-on expands ISS's nationwide footprint with 10+ locations, adds more than 450 technical and support staff and 150+ OEM relationships, broadening ISS's combustion engine, marine and power generation MRO capabilities; terms were not disclosed.

The State Group, a portfolio company of funds managed by Apollo, has acquired Ruder Electric, a Kankakee, Illinois-based electrical contractor. The add-on expands The State Group's footprint into central and northern Illinois and brings Ruder Electric's electrical construction, maintenance, fire, security, communications, utility, and safety systems capabilities (including over 100 union electricians) into the platform.

Affiliates of private investment firm Halo Partners, L.P. have acquired W.O. Grubb from the estate of prior family ownership. The investment will provide capital and strategic resources to support Grubb’s growth across infrastructure, industrial, utility and data center markets while preserving management and operations.

Truelink Capital has acquired SouthernCarlson, a leading U.S. distributor of fasteners, tools, packaging and construction supplies, from Kyocera Corporation. The transaction is supported by a senior secured credit facility co-led by Bain Capital Credit and Goldman Sachs Alternatives to finance Truelink's purchase; SouthernCarlson will operate as an independent, nationwide platform to pursue organic growth and strategic M&A.

PSS Industrial Group has combined with Cross Country Infrastructure Services to form PSS Cross Country Infrastructure Solutions, creating a national provider of equipment rental, supplies and services for critical infrastructure projects. The combination expands the companies' geographic footprint and capabilities across energy, renewables, utilities and civil construction markets.

Michelli Weighing & Measurement, a portfolio company of Summit Park LLC, has acquired Greenville Scale Company, Inc., a Taylors, South Carolina provider of scale sales, service, installation and certified calibration. The add-on acquisition, which closed on February 9, 2026, expands Michelli’s footprint across the Southeast and preserves Greenville Scale’s local expertise while providing access to Michelli’s broader resources and scale.

Bar None Auction, a Sacramento-based auction company, has acquired US Auctions, a long-standing Southern California auction firm that specializes in heavy equipment, fleet vehicles and government surplus sales. The deal expands Bar None's footprint and client base in Southern California — Bar None expects volumes through its Fontana facility to double and has named Marco Galvan, former President of US Auctions, General Manager of the Fontana location to support integration.

SunSource Holdings has completed the acquisition of Vytl Controls Group (formerly PVI Holdings) from MiddleGround Capital; financial terms were not disclosed. Vytl, headquartered in The Woodlands, Texas, operates 32 branches across 11 states with more than 1,100 employees and provides distribution, design, repair and remanufacturing of valves, actuators and other flow control products; the deal broadens SunSource’s flow control solutions capabilities and distribution footprint.

Tavoron, a manufacturing automation platform backed by Fusion Capital Partners, acquired DP Technologies Group and DP Brown of Saginaw in a deal that closed on February 5, 2026. The acquisition expands Tavoron's industrial automation capabilities and Midwest footprint by adding DP's motion control products, engineering services, and panel-building expertise.

Barrow Safety Services Inc., Black Gold Emergency Response Planners Inc. and Firemaster Oilfield Services Inc. have merged to form FM Safety Services Ltd., creating an integrated industrial safety services platform. The combined company will offer emergency response, fire services, air monitoring, industrial medical and safety training across Canada and the United States, with offices in Calgary, Red Deer, Grande Prairie and Hinton.

Pye-Barker Fire & Safety has acquired Jersey Fire Protection Corporation, a West Deptford, New Jersey-based fire protection services provider, to strengthen its fire protection and life safety capabilities across the Mid-Atlantic (New Jersey, Pennsylvania, Delaware and Maryland). Jersey Fire will continue to operate locally while leveraging Pye-Barker's nationwide resources and expertise; Nelson Mullins Riley & Scarborough LLP represented Pye-Barker in the transaction.

CORE Industrial Partners’ portfolio company IMMEC has made a strategic investment in Helton Electrical Services, a Sandersville, Georgia-based provider of utility, commercial/industrial electrical, and HVAC services. The add-on expands IMMEC’s technical capabilities and geographic coverage, particularly into utility overhead and underground distribution markets, while Helton will continue to operate under its existing leadership.

Reliability Solutions announced the acquisitions of AMRRI, LUBE-IT and Spartakus APM to expand its industrial reliability capabilities across training, lubrication management software, and modern asset performance management. The deals broaden Reliability Solutions’ end-to-end offering for maintenance and reliability teams across heavy industry, manufacturing, energy and process sectors, with integration and brand alignment planned through 2026.

Tulsa-based E&I Sales has acquired Industrial Motor Services, a family-owned electric motor repair and maintenance provider in southeast Tulsa. The acquired business will operate as E&I Motor Repair LLC and expand E&I Sales' in-house motor repair, rewind, pump repair and machine shop capabilities to support local industrial and automotive customers.

Kanbrick, a long-term investment partnership, has acquired Keep Supply, a Springfield, Missouri–based distributor of industrial refrigeration parts and equipment. The investment will support Keep Supply’s continued growth, expand its parts and equipment portfolio, and deepen customer and vendor relationships.

ZCG-backed VENU+ has acquired VLocker, an Australian leader in electronic locker design, manufacture, installation, and management, to expand VENU+'s global smart locker and guest mobility platform. The deal strengthens VENU+'s presence across Australia and Asia and follows its recent Tiburon Lockers acquisition as part of its platform build-out under ZCG Private Equity.

APi Group Corporation completed the acquisition of CertaSite, an inspection-first provider of fire and life safety services operating in the Midwest. The deal strengthens APi's recurring, regulatory-driven safety services platform by adding inspection-focused capabilities, an asset-light business model, and expanded Midwest presence.

Centurion Group has acquired Kabin Hire, a Wales-based provider of portable accommodation and welfare units, and Rapid Camps, an Australian turnkey remote-camp operator headquartered in Fremantle. The acquisitions expand Centurion's geographic footprint and capabilities in temporary accommodation and infrastructure rental as the company increases its credit facility to $125 million to support further growth.

Volvo Construction Equipment has completed the acquisition of Swecon (including Entrack) for an enterprise value of SEK 7 billion after receiving European Commission approval. The deal brings Swecon’s retail, rental, aftermarket and service operations across Sweden, Germany and the Baltics — and roughly 1,400 employees — into Volvo CE to strengthen its retail and service capabilities in key Northern European markets.

DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Ambiente H2O Inc., a Sheridan, Colorado–based manufacturer representative and service provider for pumps, process equipment, and instrumentation serving the water and wastewater market. The deal expands DXP’s Water platform and establishes a presence across Colorado, Idaho, Utah, Wyoming, and Montana; Ambiente reported approximately $8.1 million in trailing twelve-month sales through December 31, 2025.

Turner Supply, a family-owned industrial distributor headquartered in Mobile, Alabama, acquired Progressive Supply, a Woodstock, Georgia-based MRO solutions provider; the transaction closed January 31, 2026. Progressive Supply will operate as Turner Supply's ninth location, marking Turner's formal entry into the Atlanta and North Georgia markets and preserving the existing Progressive team and customer relationships.

Hoskin Group, a Canada-based portfolio company of River Associates Investments, has acquired Calgary-based Westech Industrial, a supplier of analytical instrumentation and process control equipment. The add-on transaction closed on January 30, 2026 and expands Hoskin's national industrial and process instrumentation platform, creating cross-selling and capability extension opportunities.

Pye-Barker Fire & Safety has acquired The Alarm Group, a commercial security and alarm provider operating in Oklahoma City and Lawton, to expand its security and alarm capabilities in Oklahoma. The deal pairs TAG’s local presence and mobile security offerings with Pye-Barker’s national scale to strengthen service for commercial customers across the state; TAG’s co-owners and technicians will remain involved following the transaction.

Rio2 Limited has completed the acquisition of a 99.1% interest in the Condestable copper mine in Peru from Southern Peaks Mining L.P. for US$241 million. The deal, funded via a mix of cash, debt and equity, transforms Rio2 from a primarily gold-focused operator into a multi-commodity miner with immediate copper production and planned integration/expansion work underway.

APPLIED Adhesives, a portfolio company of Bertram Capital, has acquired Interlock Adhesives, a UK-based adhesive technology and solutions provider headquartered in Scunthorpe. The deal establishes APPLIED’s presence in the United Kingdom and pairs APPLIED’s broader technical capabilities with Interlock’s local market knowledge to expand offerings for packaging, labeling and bookbinding customers.

Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.

Houston-based private equity firm Capstreet has acquired TOPS Field Services, LLC, a Huffman, Texas–based provider of inspection, overhaul and maintenance services for gas and steam turbines, LNG equipment, and generators. Management, including founder and CEO Toby Wooster, will remain with the company as Capstreet partners with TOPS to expand service offerings, enhance capabilities, and pursue geographic expansion; terms were not disclosed.

Reliability Won, a Battery Ventures–backed asset-reliability platform, has acquired Fluid Life, a lubrication and oil-analysis provider with four laboratories across the U.S. and Canada. The deal expands Reliability Won’s capabilities into oil-condition monitoring as an add-on to its existing Knowledge pillar and will keep Fluid Life operating under its existing brand and leadership.

Integrated Power Services (IPS) has completed the acquisition of TechPro Power Group, Inc., a provider of power systems lifecycle management and field services. The deal expands IPS’s technical capabilities and geographic coverage across North America, enhancing service offerings for mission-critical end markets such as data centers, utilities and oil & gas.

Pavement Preservation Group (PPG), a portfolio company of The Sterling Group, acquired Holbrook Asphalt, LLC and Integrated Pavement Solutions, LLC to expand its national pavement preservation platform. The deal broadens PPG’s geographic footprint across the Intermountain West, Southwest and Southern United States and adds IPS’s HA5 product line and related preservation capabilities to the platform.

Silvercorp Metals Inc. completed the acquisition of Chaarat ZAAV CJSC for $92 million and will convert ZAAV into a joint venture (JVC) with Kyrgyzaltyn, holding a 70% operator stake while Kyrgyzaltyn holds 30% free-carried. The JVC holds the fully permitted Tulkubash/Kyzyltash gold projects and surrounding exploration licenses; Silvercorp will pay an additional $60 million to the Kyrgyz National Investment Agency after an agreed mining-license extension to June 25, 2062.

Nexterra Environmental has acquired GETSCO, Inc., a Middlesex, North Carolina-based provider of erosion and sediment control products and services. GETSCO will continue to operate under its existing name while gaining access to Nexterra's broader product depth, technical resources and national platform as part of Nexterra's multi-regional expansion strategy.

Specialized Elevator, a Berkshire Partners portfolio company, has merged with Vintage Elevator Services to expand its unionized elevator and escalator services footprint in the San Francisco Bay Area. The deal preserves Vintage's local brand and leadership while integrating it into Specialized's national platform to strengthen service coverage and resources.

Los Angeles-based private investment firm Inspirit Equity has acquired a majority stake in Sizemore, Inc., a facility management services provider headquartered in Augusta, Georgia. The partnership positions Sizemore for accelerated growth through investment in operations, geographic expansion across North America, and both organic and acquisitive growth; financial terms were not disclosed.

Aurora Capital Partners has acquired Anova, a global Industrial Internet of Things (IIoT) provider that offers hardware, managed connectivity and cloud software to monitor and manage industrial assets. Anova — which monitors more than 1.8 million assets for over 2,000 customers across 80+ countries — will remain led by its current management while Aurora plans to support product investment, international expansion and add-on M&A to grow the platform; Summit Partners is reported as the seller.

Ficodis Group, a Montreal-based multispecialist industrial distributor, has acquired Tytan Glove and Safety, an Ontario-based supplier of personal protective equipment (PPE) with distribution centres in Guelph and Edmonton. The acquisition expands Ficodis' Canadian footprint, strengthens its occupational health and safety offering, and adds Tytan's online ordering, VMI and distribution capabilities to support faster nationwide delivery.

Equinox Gold completed the sale of its Brazil Operations — the Aurizona Mine, RDM Mine and Bahia Complex — to a subsidiary of CMOC Group for total consideration of up to US$1.015 billion (US$900 million cash up front plus up to US$115 million contingent). The proceeds will be used to repay a $500 million term loan and a $300 million Sprott loan, reducing Equinox Gold's net debt to approximately US$150 million and refocusing the company on its North American growth assets.

TIC Holding Schweiz AG, a Winterberg‑financed buy‑build platform focused on accredited testing, inspection and calibration services, has acquired a stake in Vibro-Consult AG. Vibro-Consult, a Brugg‑based specialist in vibration and machinery diagnostics for power generation and industrial rotating equipment, will join TIC Holding Schweiz's industry platform to accelerate growth and expand testing/monitoring capabilities.

Fresnillo plc, through its wholly-owned affiliate Fresnillo Quebec Acquisition Inc., has completed the acquisition of Probe Gold Inc. for C$3.65 per share (approximately CA$770 million). The deal takes Probe private, will lead to delisting from the TSX, and gives Fresnillo entry into Canada with Probe's Novador project and a ~10Moz gold resource base and a 1,798 km² exploration land package in Quebec.