Industrial Services Acquisitions in Arizona

Security 101 has acquired Electronic Security Concepts (ESC), a Scottsdale, Arizona-based full-service systems integrator. The deal expands Security 101's presence in the U.S. Southwest and adds ESC's advanced systems-integration capabilities and customer relationships across government, healthcare, and enterprise verticals.

The JF Group has acquired Maverick Petroleum Services, an Arizona-based petroleum service contractor specializing in installation, maintenance and repair of fueling equipment, POS systems, and environmental testing. The deal expands JF's footprint across the Southwest and enables the company to provide statewide 24/7 service coverage in Arizona.

Loenbro, backed by Braemont Capital, has acquired Arizona-based Revolution Industrial to expand its industrial service capabilities across the Southwest U.S. The add-on strengthens Loenbro’s electrical, mechanical and structural service offerings for data center, infrastructure and diversified industrial customers and brings Revolution’s skilled multi-trade workforce into Loenbro’s platform.

Integrated Power Services (IPS), a Greenville, South Carolina–based provider of electrical, mechanical and power management services, has acquired Tucson-based Switchgear Solutions, Inc. The acquisition expands IPS's footprint and capabilities in the Southwestern United States, adding Switchgear Solutions' remanufacturing, field and engineering services for mining, utilities and industrial customers.

Bertram Capital has made an investment in MSE Supplies, a Tucson-based supplier of advanced materials, laboratory equipment, lab supplies and analytical services. Bertram plans to leverage its in-house technology team, Bertram Labs, to accelerate MSE's growth and digital capabilities; terms were not disclosed.

Belt Power, a portfolio company of Platte River Equity, has acquired Avtech Industrial Products, a Phoenix-based distributor and fabricator of conveyor belts, motors, drives, hose & fittings and provider of installation and repair services. The acquisition expands Belt Power's footprint and service capabilities in the Phoenix/Southwest market, complementing its fabrication capabilities and technical sales organization.

Sunstate Equipment Co., a Sumitomo Corporation subsidiary, has acquired 100% of the assets and operations of Trench Shore Rentals (including Trebor Shoring Rentals), a trench safety equipment rental business headquartered in Phoenix, Arizona. The deal expands Sunstate's trench-shoring footprint across Arizona, California and Texas and strengthens its trench safety capabilities in the U.S. Southwest.

Ascent Lifting, a Shorehill Capital portfolio company, completed the acquisition of CERTEX USA, a Phoenix-based distributor and fabricator of lifting and rigging products. The deal — financed by Twin Brook Capital Partners and GMB Capital Partners — expands Ascent's geographic footprint and service capabilities across the U.S.; CERTEX CEO Dee Schweigert becomes CEO of Ascent.

DXP Enterprises, Inc. (NASDAQ: DXPE) has completed the acquisition of Hennesy Mechanical Sales LLC, a manufacturers' representative specializing in municipal water, wastewater and industrial pump sales, service and repair across Arizona, New Mexico and West Texas. The deal, funded with cash on DXP's balance sheet, adds approximately $10.1 million of LTM sales and $1.2 million of adjusted EBITDA and is intended to expand DXP's Water platform capabilities and geographic reach.

H&E Equipment Services signed a definitive agreement and subsequently completed the acquisition of Phoenix-based Precision Rentals, adding two branch locations (Phoenix and Aurora, Colorado) and a rental fleet with approximately $70 million of original equipment cost. The deal increases H&E's branch density in the Phoenix and Denver metropolitan areas and expands its footprint in attractive non-residential construction markets.

Stallion Infrastructure Services completed the acquisition of EyeSite Surveillance, Inc. and EyeOn Monitoring Services, Inc. (together “EyeSite”) on August 31, 2023. The deal expands Stallion's video surveillance and remote monitoring capabilities—adding mobile solar-powered camera systems and an SOC presence across Arizona and Texas to support its nationwide temporary infrastructure services.

Falx Capital LLC, a Denver-based private investment firm, has acquired Integrity Data Solutions, Inc. ("ID Solutions"), a Phoenix-headquartered provider of automated data collection, RFID/barcode hardware and cloud-based warehouse and inventory management software. Terms were not disclosed; ID Solutions' co-founder and CEO Stephen R. Moore will retire following a transition while the existing team remains to support growth and product expansion under Falx Capital's ownership.

Tendit Group, a portfolio company of Osceola Capital, has acquired Clean D Windows, a Tempe, Arizona-based commercial window cleaning and glass restoration company. The add-on deal expands Tendit's exterior maintenance service offering and geographic footprint in Arizona; Clean D's president Jason Barclay will join Tendit's divisional leadership team post-closing.

Braemont Capital has made a growth equity investment in Vixxo Corporation, a Scottsdale-based provider of tech-enabled facilities maintenance, to support the company’s organic and M&A-driven growth. The capital will help Vixxo expand its service offering and further scale its technology-enabled facilities management platform serving convenience, grocery, restaurant and retail customers.

Meritus Gas Partners, a platform backed by private equity firm AEA Investors, has acquired the assets of Taronis Fuels in a §363 bankruptcy sale. Capstone Partners advised the debtor; the buyer will retain the company’s employees (saving more than 40 jobs) and integrate Taronis’ industrial, medical, specialty and beverage gas manufacturing and welding-supply distribution capabilities into its national packaged-gas platform.

Generational Equity advised Balar Holding Corp. (dba Balar Equipment) on its sale to Industrial Truck & Equipment, LLC; the transaction closed on September 1, 2022. Balar, based in Phoenix, Arizona, is a dealer and upfitter of refuse truck bodies, hydraulic tools, and customized truck bodies serving municipal and infrastructure customers.

Harkness Capital Partners completed an investment in Capital Pump & Equipment (CPE), a Chandler, Arizona-based specialty pump rental and services platform. The partnership will support CPE's geographic expansion, additional fleet investment, and growth of its value-added service capabilities to serve large contractors, industrial customers and municipal water/wastewater projects.

North Branch Capital’s portfolio company Summit Hydraulics has merged with Access Truck Parts, an Arizona-based designer and distributor of pumps, valves, nozzles, fittings and other mobile equipment aftermarket parts. The deal, which closed July 1, 2022, is an add-on acquisition to expand Summit’s capabilities and scale in the commercial water truck aftermarket and broaden distribution and e‑commerce capabilities.

OMERS Private Equity has signed a definitive agreement to acquire Pueblo Mechanical & Controls from Huron Capital Partners. The investment will support Pueblo's next phase of growth—including strategic M&A—to expand its HVAC, plumbing and mechanical services footprint across the Southwest and Rocky Mountain regions.

National Fire & Safety (NFS), a Highview Capital–backed fire protection platform, has acquired Absolute Fire Protection, a Glendale, Arizona-based fire and life safety service provider. The add-on expands NFS' service capabilities in Arizona and supplements RCI's recurring service, maintenance, and retrofit business; founder Danny Trotter will continue working with the business under NFS.

Tailwind Capital completed a partnership (growth) investment in Axis Portable Air to support the company's rapid geographic expansion and employee ownership program. The investment will fund expansion of Axis' fleet, team and locations as the portable climate-control rental and services provider scales across the U.S.

RESA Power, a portfolio company of Blue Sea Capital, has acquired Priority 1 Power Services, a Phoenix-based electrical testing and maintenance specialist. The add-on expands RESA Power's footprint into the Greater Phoenix / Arizona market and positions Priority 1 to scale with RESA's broader resources; Priority 1 co-owner Glade Swenson and co-owner Brandon Carrasco (who will become General Manager) will remain involved.

Loenbro LLC, a Tailwind Capital-backed industrial services platform, has acquired Switch Electric Inc., a Phoenix-based electrical contractor specializing in mission-critical data center construction and maintenance. Switch Electric's founder and CEO John Fleury will remain as president of the Switch Electric subsidiary to lead data center contracting operations nationally; the deal is an add-on acquisition to Loenbro's platform to expand data center electrical capabilities and geographic coverage.

Waterlogic Americas has acquired H2O Joe, a Tucson-based commercial point-of-use (POU) water rental and service business founded by Joe Cristiani in 2008. The deal expands Waterlogic's presence and density in Southern Arizona and marks another add-on in Waterlogic Americas' 2021 acquisition program.

WESTERN PUMP, Inc. has acquired DOEHRMAN COMPANY, Inc. and its division DCI/SOUTHWEST DIRECT-LIFT & GARAGE OUTFITTERS. The deal expands Western Pump’s capabilities beyond petroleum equipment into automotive service equipment distribution, vehicle maintenance facility construction and residential garage outfitting, and strengthens its presence in the Southwestern U.S.

Kellermeyer Bergensons Services (KBS), a Cerberus Capital Management portfolio company, has acquired Olympus Building Services, a Phoenix-based provider of janitorial and facility services focused on the higher education market. The deal adds Olympus' higher-education expertise and service offerings (cleaning, snow removal, project management) to KBS' national platform to expand capabilities and reach across colleges and universities.

Valin Corporation, a privately held technical solutions provider based in San Jose, California, acquired Sun Automation Inc., a Chandler, Arizona-based industrial automation solutions provider, effective July 30, 2021. The acquisition strengthens Valin's automation product portfolio and expands its geographic footprint into territories where it previously had limited representation.

Graycliff Partners LP has completed the acquisition of Gold Tech Industries (GTI), a Tempe, Arizona-based provider of precision metal finishing and plating services for the semiconductor and aerospace industries. The deal represents Graycliff's third investment from its fourth private equity fund and is intended to accelerate GTI's growth as Graycliff targets additional acquisitions in the semi-cap metal finishing space.

Top Gun Facility Services, a portfolio company of Osceola Capital, has acquired Zoneez Power Washing & Window Cleaning, a Phoenix-based provider of commercial pressure washing and window cleaning services. The deal is an add-on to Top Gun's platform as it continues building a national footprint and plans to support Zoneez's expansion across Arizona and the Southwest.

Thompson Capital Partners (TCP) completed the acquisition of Metco Metal Finishing, LLC, a Phoenix-based metal plating and chemical processing provider formerly a division of Triumph Manufacturing. TCP will combine Metco with its AID Aerospace portfolio company, investing in facility upgrades and pursuing aerospace Nadcap and quality certifications to expand capabilities and cross-sell into aerospace, automotive and semiconductor end markets.

Gemini Investors completed a majority recapitalization of Action Equipment & Scaffold Company, Inc. and its Colorado division Waco Scaffolding & Equipment Company in December 2020. The transaction brings Gemini as the majority investor to support growth and continuity as CEO Howard Schapira and his family transition ownership while the companies continue to serve industrial, commercial, and municipal customers across Arizona and Colorado.

National Fire & Safety, a Highview Capital-backed fire protection platform, has acquired Element Fire Protection LLC, an inspection and service provider based in the greater Phoenix area. Element will be integrated into RCI Systems, a National Fire & Safety subsidiary, expanding the platform's scale and capabilities in Phoenix to support greater service coverage and customer compliance.

Sterling Investment Partners has recapitalized AIMS Companies, a Scottsdale, Arizona-based provider of infrastructure inspection, maintenance, and support services, in partnership with AIMS founder and management. The recapitalization will support AIMS' growth and geographic expansion across municipal, utility, industrial, and energy end markets; terms were not disclosed.

Ohio Transmission Corporation (OTC) has acquired Laron Inc., a mechanical and electric motor repair, machining and field services provider headquartered in Kingman, Arizona. The deal brings Laron's ~190 employees and large-scale shop capabilities into OTC's OTP Industrial Solutions platform, expanding OTC's repair and engineering services and Southwest footprint.

All Safe Global (ASG), a portfolio company of Capital Resource Partners, acquired Thunderbird Cylinder of Phoenix, Arizona. The acquisition expands ASG's presence in the western United States and adds scale and capabilities toward building a national network of cylinder requalification centers to serve welding, industrial, beverage, propane and life-safety markets.

CenterGate Capital has made an investment to acquire Naumann/Hobbs Material Handling, a Phoenix-based material handling equipment and service platform. Stellus Capital Management provided senior debt financing to support the transaction; the company was previously held by HCI Equity Partners and will use CenterGate's backing to expand its aftermarket service, parts platform and territorial reach across the Southwest.

Shermco Industries, a majority-owned portfolio company of Gryphon Investors, has acquired Southwest Energy Systems, a NETA-accredited electrical testing and engineering services firm based in Phoenix, Arizona. The acquisition expands Shermco's geographic footprint in the Southwestern U.S. and broadens its electrical testing, commissioning, and maintenance capabilities.

Arena Investors, L.P. acquired FST Technical Services, Inc. from Caymus Equity Partners; the sale closed on February 8, 2019. FST, headquartered in Gilbert, Arizona, is a provider of outsourced technical services — including QA/QC, analytical testing, equipment services and technical staffing — serving semiconductor, microelectronics and biopharmaceutical customers.