Industrial Services Acquisitions in Colorado

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.

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.

PureStar, a Las Vegas–based commercial laundry platform backed by Cornell Capital, has acquired Breck's Commercial Laundries, which operates multiple laundry and dry-cleaning facilities serving hotels and ski resorts across Colorado. The acquisition expands PureStar's presence in Denver and Colorado ski markets and adds capacity through facilities in Silverthorne, Eagle and Edwards, Colorado; the founders will remain with the business.

Rainier Partners, a Seattle-based private equity firm, has acquired Kleen-Tech Services, a Denver-founded national janitorial and facilities services provider operating across more than 30 states with approximately 2,000 employees. Under Rainier's ownership, Kleen-Tech will pursue organic growth and strategic M&A while leveraging Rainier's SUMMIT value creation process; Piper Sandler advised Rainier and G2 Capital Advisors advised Kleen-Tech on the transaction.

RMH Systems has acquired Complete Solution Robotics (CSR), a Loveland, Colorado-based robotics and automation solutions provider, marking RMH's first add-on since partnering with private equity firm Rotunda Capital Partners. CSR founder Mike W. Olson will remain to lead RMH's robotics division; the deal expands RMH's engineering capabilities and regional footprint across the Mountain West while integrating RMH's material handling and packaging offerings into CSR's customer base.

Loenbro, a Westminster, Colorado-based technical services platform backed by Braemont Capital, has acquired Weifield Group, a Colorado electrical services provider with operations across the Mountain West, Texas, and Tennessee. The transaction expands Loenbro's electrical capabilities and geographic footprint to better serve mission-critical infrastructure end markets such as data centers and semiconductors.

Easy Ice has acquired Carefree Ice, LLC, a commercial ice machine service operator based in Erie, Colorado, expanding Easy Ice’s presence across the Denver and Front Range Mountain markets. The acquisition increases Easy Ice’s regional density and service capability as it continues to roll up and integrate local ice-machine providers across the United States.

Bain Capital Private Equity has agreed to acquire Frontline Road Safety, the largest U.S. provider of pavement marking and roadway safety services, from The Sterling Group. Frontline, headquartered in Denver with over 50 locations and approximately 1,750 employees, will continue to be led by CEO Mitch Williams and the existing management team, which will remain significant investors; financial terms were not disclosed.

Dallas-based private equity firm Crossplane Capital has completed the acquisition of Distributor Wire and Cable (DWC), a Denver/Aurora-headquartered master distributor of specialty electrical wire and cable. Crossplane partnered with DWC founder Bryce Huett and the management team to provide operational and financial resources to support the company's next phase of growth, including product, capability and geographic expansion.

Stonehenge Partners, in partnership with Colville Group, completed a growth investment in Motion & Flow Control Products (MFCP), a Denver-area distributor of fluid connector and fluid power solutions. The capital will support MFCP's expansion of its ParkerStore network and service offerings across more than 50 locations in the Western United States.

Leonard Green & Partners (LGP) agreed to acquire GeoStabilization International (GSI) from KKR. The sale returns roughly five times KKR's invested equity, and GSI's more than 900 employees will receive substantial cash payouts under the company's employee ownership program.

Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, has acquired IPR of CO, LLC d/b/a Indian Peaks Rental, a Tabernash, Colorado-based full-service general equipment rental company. The acquisition — REIC's eighth add-on under Kinderhook and the company's 20th since inception — expands REIC's regional presence in the Mountain West and positions Indian Peaks to benefit from growth around the Winter Park ski area. Financial terms were not disclosed; Joe Penn, owner of Indian Peaks, sold the business.

Herc Rentals (Bonita Springs, Florida) has acquired All Rental Center, a third-generation, family-owned equipment rental provider based in Colorado Springs, Colorado. The deal expands Herc Rentals' footprint and equipment/services offerings in the Colorado Springs market; Catalyst Strategic Advisors served as exclusive advisor to All Rental Center.

Pro-Vac, a subsurface infrastructure services platform majority-owned by Gallant Capital Partners, has acquired Kinetic, a hydro excavation and industrial cleaning services provider headquartered in Milliken, Colorado. The add-on expands Pro-Vac's geographic footprint into the Rocky Mountain region and the DMV (Virginia) and enhances its fleet and service capabilities.

Data Clean Corporation, a portfolio company of Angeles Equity Partners, has acquired DP Guardian, Inc., a Denver-based provider of critical environment cleaning services and airflow containment system installation for data centers. The add-on expands Data Clean's capabilities in airflow containment and extends its geographic reach into the Mountain West, targeting hyperscalers, ISPs, colocation providers and enterprise data centers.

Cadre Holdings, Inc. (NYSE: CDRE) has acquired Alpha Safety Intermediate, LLC, the operating parent of Alpha Safety, for $106.5 million (excluding working capital and certain adjustments). The acquisition, which closed March 1, 2024, expands Cadre's safety equipment platform into the nuclear safety market and was funded with available cash and additional term debt under Cadre's credit facility. Benford Capital Partners was the selling private equity sponsor.

Graybar has acquired Blazer Electric Supply, an independent electrical distributor headquartered in Colorado Springs, Colorado, effective March 1, 2024. Blazer will operate as a Graybar subsidiary under its existing name with Trevor Blazer serving as president; the deal expands Graybar’s footprint and service capabilities in southern Colorado.

Braemont Capital has acquired Loenbro, LLC, a Westminster, Colorado-based provider of specialized electrical, mechanical, structural, instrumentation and inspection services across data center, infrastructure and industrial markets, from Tailwind Capital. The privately held deal (terms not disclosed) positions Loenbro for continued organic growth and M&A-driven expansion under Braemont's ownership.

Core & Main Inc. has entered into a definitive agreement to acquire Dana Kepner Company, LLC, a Denver-based distributor of water, wastewater, storm drainage and geotextile products. The deal, being sold by Littlejohn & Co., expands Core & Main's geographic reach and product offering across multiple western and northeastern U.S. states and is subject to regulatory approval.

Monomoy Capital Partners has acquired EnviroTech Services, Inc., a founder-owned distributor and provider of road surface products and winter road maintenance services headquartered in Greeley, Colorado. Monomoy — its first institutional investor — plans to invest in operational improvements, logistical efficiencies and geographic expansion across the company’s West and Midwest footprint.

Denver-based private equity firm Molior Growth Partners, led by founder Ben Schnakenberg, has completed a recapitalization of Western Storage & Handling, a Denver-based designer, distributor, and installer of material handling and storage equipment. The transaction marks Molior's inaugural investment and will support Western's geographic expansion and enhancement of automated material handling capabilities while retaining existing leadership and operations in Colorado.

May River Capital, a Chicago-based private equity firm, has acquired RLE Technologies, a Fort Collins, Colorado provider of facility environment monitoring, fluid leak detection, and airflow management products. The acquisition—structured as a platform investment—will keep RLE's management team in place and positions May River to grow RLE's presence in data center and critical facilities monitoring.

Stuart Steel Protection (owned by Integrated Utility Services) has agreed to acquire the assets of Colorado-based Northwestern Cathodic, expanding SSP's geographic footprint into Colorado and South Carolina and roughly doubling its workforce. The asset purchase will broaden SSP's corrosion-control product offerings and service capacity; Northwestern Cathodic Founder & President Chris Moore will join SSP as Chief Strategy Officer.

Funds advised by Triton have signed an agreement to back the next phase of growth for Wavelynx Technologies, with Wavelynx's co‑founders and management investing alongside Triton. Wavelynx — a developer and assembler of open, mobile‑first access control hardware and software — will become an independent Triton portfolio company as Triton supports global scaling, product development and potential M&A.

Specialty Drilling Holding Company LLC (a portfolio company of Kalbot Holding Company LLC) acquired Authentic Drilling, Inc., a Colorado-based provider of geotechnical, environmental, exploration and water well drilling services. The transaction (closed August 31, 2023) expands the SDHC platform’s service capabilities and geographic reach across the Western U.S. as the platform’s second add-on acquisition.

Spirit Electronics has acquired Insight Analytical Labs, a Colorado Springs-based electronics analytical lab, adding device analysis capabilities including destructive physical analysis (DPA) to Spirit's semiconductor supply-chain and value-added distribution services. Spirit will operate the Colorado Springs facility and integrate Insight Analytical's lab services into its quality-management system while maintaining existing operations in Phoenix, Arizona.

Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, has acquired Aim High Equipment Rental, Inc., a Brighton, Colorado-based general equipment rental, sales and service company. The add-on expands REIC's general rental footprint in Colorado; financial terms were not disclosed.

PumpMan Holdings LLC, a national pump service operator based in Saddle Brook, New Jersey, has acquired Colorado Water Well, a Denver-area pump and well service company founded in 1965. The sellers, Ted Kuettel and Tom Dea, will remain with the business to oversee daily operations as PumpMan continues its roll-up strategy to build a national water and wastewater pump services platform.

The Reading Truck Group, a business unit of J.B. Poindexter & Co., Inc., has signed an agreement to acquire Colorado-based Mastercraft Truck Equipment, a two-location commercial truck and van upfitter. The deal expands Reading Truck's national footprint into the Denver metro area and increases its network to 24 Reading Truck locations; financial terms were not disclosed.

Audax Private Equity has acquired Krayden, Inc. from Quad-C Management in a transaction to establish Krayden as a platform investment in Audax’s Industrial Services & Technologies vertical. Krayden is a value-added technical distributor serving aerospace, electronics and industrial OEM markets; Audax plans to leverage its buy-and-build approach to accelerate Krayden’s expansion and add-on activity.

Monroe Engineering has acquired Fasteners, Inc., a regional wholesale fastener distributor based in Englewood, Colorado. The transaction, which closed January 31, 2023, was advised by Generational Equity and represents an add-on acquisition to Monroe’s industrial hardware and fastener platform to expand its regional distribution and inventory capabilities.

GNCO, Inc. acquired FMH Material Handling Solutions effective January 1, 2023, expanding GNCO's material handling footprint in the western U.S. FMH will remain under local management and GNCO said the deal strengthens geographic diversification and OEM partnerships while supporting growth through additional resources and hiring.

The Facilities Group, a portfolio company of Greenbriar Equity Group and Revolent Capital Solutions, has acquired Summit Service Group, a Denver-area janitorial and facility maintenance provider founded in 1981. The deal adds a Colorado-based platform to TFG's national footprint and will support the firm's expansion across the Mountain West.

Industrial Service Solutions (ISS), a Houston-based industrial services provider, has acquired full ownership of Rotating Mechanical Solutions Corporation (RMSC), a Colorado-headquartered specialist in maintenance, repair and overhaul of large-scale rotating equipment. The acquisition expands ISS’s on-site preventive and predictive maintenance, testing and diagnostics, and motor/compressor sales and service capabilities across the western United States as an add‑on to ISS’s field service platform.

Cemvita Factory acquired Denver-based Solfatara Laboratories to accelerate development and scale-up of its biomining capabilities, including Solfatara’s scale-up facility in Golden, Colorado. Solfatara’s founder Tom Clark joins Cemvita as Head of Biohydrometallurgy to support bioleaching, bio-oxidation and acid mine drainage monitoring work as Cemvita prepares for commercial field deployment of biomining technologies.

The Facilities Group, a platform backed by Greenbriar Equity Group and Revolent Capital Solutions, has added Total Facility Care, a Loveland, Colorado-based janitorial and facility maintenance provider, to its family of companies. The acquisition expands The Facilities Group’s Mountain West presence and adds local capabilities servicing healthcare, commercial office, industrial, and financial institution clients across Northern Colorado and the greater Denver market.

TAKKION TP&L Holdings LLC, a portfolio company backed by funds managed by Apollo Global Management, has acquired Harvest Energy Services, a Broomfield, Colorado-based provider of operations and maintenance (O&M) solutions for the renewable energy industry. The deal expands TAKKION's wind O&M capabilities—notably blade repair—and adds a high-throughput training center in Broomfield to support hiring and service scale across North America.

EVI Industries, Inc. agreed to acquire Lakewood, Colorado–based Clean Designs, Inc. and Clean Route LLC, a distributor of commercial laundry equipment and provider of installation and maintenance services. The acquisition (completed June 1, 2022) expands EVI's market share and service capabilities in the Western United States and adds the Clean Designs management and service team to EVI's operations.

APPLIED Adhesives has completed its acquisition of PRIME Industries, a Denver-based regional supplier of adhesives, sealants, and dispensing equipment. The purchase expands APPLIED's footprint in the Rocky Mountain region and strengthens its product and technical-service capabilities for customers.

Performance Contracting, Inc. (PCI) has acquired Denver-based Metropolitan Glass, Inc. (MGI). The deal closed on March 31, 2022 and brings MGI's commercial glazing capabilities and customer relationships into PCI's national specialty-contractor platform to expand PCI's presence in the Denver market.

Tide Rock Holdings, an evergreen holding company, has acquired Triad Service Solutions, a third-generation family-owned full-service facility maintenance company based in Littleton, Colorado. Tide Rock intends to use Triad as a facilities-maintenance platform to broaden geographic reach, expand services (including sanitization/disinfection), and pursue add-on acquisitions; SDR Ventures served as sell-side advisor and the Bondi family were the selling shareholders.

Sunbelt Rentals has acquired Comrent International, a U.S.-based provider of load bank and power-testing infrastructure, from private equity firm Global Environment Fund (GEF). The deal expands Sunbelt Rentals' specialty fleet and capabilities in commissioning and load-testing solutions, strengthening its position in data center, renewable energy, and utility end markets.

D&H United Fueling Solutions, a KLH Capital–backed provider of petroleum fueling and EV charging equipment and services, has acquired Kubat Equipment & Service Co., a Denver-based turnkey supplier of retail fueling, automotive and carwash equipment. The deal expands D&H United’s geographic footprint in the Mountain West, increases recurring revenue and adds carwash parts and supplies to its product and service offering; Kubat’s president Craig Hoyer will become VP, Colorado and Mountain West Operations.

Top Gun Facility Services, a portfolio company of Osceola Capital that has rebranded as Tendit Group, acquired American Striping Company (Centennial, CO) and Apex Pavement Solutions (Golden, CO). The acquisitions expand Tendit Group's exterior facility maintenance capabilities — adding pavement striping and asphalt/concrete maintenance — to accelerate growth across Colorado and the Mountain West.

National Fire & Safety, a Denver-based fire protection platform backed by Highview Capital, has acquired All Pro Fire Protection, a Littleton, Colorado fire and life safety services provider. The deal strengthens National Fire & Safety's Colorado footprint and service offerings (Retrofit/Tenant Improvement and Service) while founder Dave Lennon will continue to lead the All Pro business from its Colorado headquarters.

Belt Power LLC, a Marietta, Georgia-based distributor and fabricator of conveyor system components and a portfolio company of Shorehill Capital, completed the asset acquisition of Rubber Service Corp. on December 1, 2020. The acquisition expands Belt Power's footprint into the Denver metropolitan area and Mountain West markets; Rubber Service owner Lou Siemer will continue to lead the new Belt Power branch.

Rapid Fire Protection Group (RFPG), a Boyne Capital portfolio company, has acquired Brick Wall Fire Sprinkler, a Colorado Springs–based provider of fire suppression system design, installation, and ongoing service. The acquisition expands RFPG's presence in the Colorado market; Brick Wall's founder Roger Wallace will continue to lead operations as part of the RFPG platform.

GME Supply Co, a Platte River Equity portfolio company, through its Columbia Safety & Supply business, has acquired Custom Tool Supply, a Denver-based distributor of power and hand tools, testing equipment, ladders and safety products. The deal expands GME's North American distribution footprint and product capabilities in construction and telecommunications end markets as part of its add-on acquisition strategy.

Konkordia Capital and AAVIN Private Equity have acquired Phoenix Loss Control, a Denver-based firm that helps utilities, cable and telecommunications companies recover costs for repairing outside-facility damage and replacing damaged infrastructure. As part of the transaction, Andrew Czernecki (Managing Partner at Konkordia) will become CEO; sellers include founders/operators William Rush and Cathy Barna. AAVIN is investing from its fund as an SBIC-backed private equity firm while Konkordia acts as a proprietary investment vehicle providing growth capital and liquidity solutions.

Arapahoe Fire Protection, a Colorado-based full-service fire protection company founded in 1989, was acquired by an undisclosed private entity. SDR Ventures served as exclusive sell-side advisor and owner James Gray commented that the buyer values the business and its team as the company enters a new growth phase.