Industrial Services Acquisitions in Connecticut

Riverview Landscapes, a PE-backed landscaping platform (owned by Talus Holdings and management), has acquired All State Landscape Services LLC, a commercial landscaping and snow services provider based in New Britain, Connecticut. The acquisition is Riverview's first expansion into Connecticut and its 16th deal since 2022; All State's founder will remain in a consulting role while the longtime general manager will lead Riverview's Greater Hartford branch.

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired Northeast Riggers, a regional provider of machinery moving, transportation and managed storage services with locations in Farmington, Connecticut; Jupiter, Florida; and Columbus, Georgia. The add-on expands MEI's footprint in New England and the Southeast and broadens its service capabilities in rigging, machinery moving and storage.

Altus Fire & Life Safety, a portfolio company of funds advised by Apax Partners LLP, has acquired Facility Compliance Services LLC & Facilities Compliance Fire Protection LLC (FCS), a Connecticut-based provider of inspection, testing, maintenance and compliance services. The acquisition is an add-on that expands Altus' geographic footprint into Connecticut and strengthens its fire protection and life safety service capabilities.

Pye-Barker Fire & Safety has acquired Sonitrol New England from the Sonitrol Security Systems network, gaining two branches in Rocky Hill, Connecticut and Riverside, Rhode Island. The deal marks Pye-Barker’s first location in Rhode Island and expands its fire protection, life safety and security services footprint across the Northeast.

Ryerson Holding Corporation, a Chicago-based metals processor and distributor, has acquired Production Metals, LLC, a Monroe, Connecticut-based distributor of aluminum, stainless and specialty steels. The deal expands Ryerson's value-added metal offerings and precision cutting capabilities (sawing, lasering, water jet cutting) in the Northeastern United States and across Ryerson's service-center network.

Invixium, a Toronto-based biometric access control and workforce management provider, has acquired US-based Triax Technologies to add AI-based RTLS and connected-worker capabilities to its product portfolio. The acquisition expands Invixium's offering beyond entry-point access control into site-level safety, productivity and asset-tracking solutions for industrial and critical-infrastructure customers; financial terms were not disclosed.

Sentinel Capital Partners has acquired the industrial fire business from Carrier Global Corporation for an enterprise value of $1.425 billion and launched Spectrum Safety Solutions as a standalone platform. Spectrum, headquartered in Stamford, Connecticut, comprises the Det-Tronics, Marioff, Autronica and Fireye brands, has ~1,400 employees and manufacturing sites in the United States, Norway and Finland.

ABM Industries has acquired Quality Uptime Services, a Bethel, Connecticut-based provider of UPS and battery maintenance for mission-critical data centers, for $119 million in cash. The business — with more than 130 employees — will join ABM's Mission Critical Solutions group to expand its critical power and data center service capabilities and is expected to significantly increase ABM's mission-critical revenue.

4M Building Solutions, backed by O2 Investment Partners, has acquired Horizon Services Corporation, a commercial cleaning and facilities services provider headquartered in East Hartford, Connecticut. Horizon will retain its leadership and brand while its leadership team and select executives become equity holders; the deal is 4M's fourth add-on since O2's growth investment in January 2023.

Fidelity Building Services Group (Fidelity BSG) has acquired Compressor Energy Services (CES), a New England–based firm specializing in compressed air energy-efficiency consulting and project implementation. CES will join Fidelity's Energy & Sustainability Group to expand turnkey energy offerings for industrial, manufacturing and R&D clients across Fidelity's national footprint.

Metal Finishing Technologies (MFT), a Bristol, Connecticut-based provider of metal finishing and specialty coating services, has acquired Aqua Blasting Corp., a Bloomfield, Connecticut shot peening and blasting specialist. The deal — the first acquisition under MFT’s partnership with Battle Investment Group — expands MFT’s surface treatment capabilities and vertically integrates surface enhancement services for aerospace, defense, medical and semiconductor customers.

PLEUGER has acquired AVI International, a Connecticut-based specialist in upgrade, repair and service of rotating equipment, to establish a local assembly and service site in North America. The add-on expands PLEUGER's service footprint in the United States and Canada, reducing lead times for parts and supporting industries including power generation, marine, wastewater treatment and manufacturing.

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired Gilbert & Jones, a New Britain, Connecticut-based distributor of specialty and industrial chemicals. The acquisition expands Shrieve's product offering and geographic reach into additional end markets such as aerospace, automotive and electronics, and brings Gilbert & Jones' supplier and customer relationships into the Shrieve platform.

AOTCO Metal Finishing, a Billerica, Massachusetts-based specialty finishing provider, has acquired Modern Metal Finishing (MMF) of Oxford, Connecticut. The purchase expands AOTCO’s anodizing capabilities and establishes a Tri-State distribution hub to provide local pickup and delivery for customers across New York, New Jersey, and Connecticut while retaining MMF’s management and employees.

Hy-Tek Holdings (doing business as Hy-Tek Intralogistics), a portfolio company of Dunes Point Capital, has acquired Winchester Industrial Controls LLC, a Bristol, Connecticut-based provider of control systems and installation for automated material handling systems. The add-on expands Hy-Tek's control systems and installation capabilities to support concurrent large-scale warehouse automation projects across e-commerce, 3PL and parcel end markets.

US Service Group, a New York–based industrial services company, has acquired all assets and operations of Dalton Rigging and Transport of West Hartford, Connecticut. The acquisition strengthens USSG’s rigging, machinery moving and transportation footprint in New England and brings Dalton’s president Kevin Dalton and his team into USSG.

BlackHawk Industrial has completed the acquisition of JJ Industries of Connecticut, Inc. and its affiliate Jet Tool & Cutter, both based in Southington, Connecticut. The deal (terms undisclosed) expands BlackHawk's distribution presence in the Northeast and adds manufacturing and regrind capabilities to its service offering.

US Service Group (USSG), a Deer Park, New York-based industrial services company, has acquired Walker Crane & Rigging Corp. of Plainville, Connecticut. The acquisition expands USSG's rigging, machinery moving and warehousing footprint in New England and adds Walker's heavy-haul, crane and warehousing capabilities to USSG's growing national platform.

Motion Industries, a wholly-owned subsidiary of Genuine Parts Company, agreed to acquire Kaman Distribution Group from Littlejohn & Co. for approximately $1.3 billion in cash. KDG, headquartered in Bloomfield, Connecticut, operates ~220 locations with ~1,700 employees and is expected to generate roughly $1.1 billion of revenue in 2022; the deal is expected to close in Q1 2022 and deliver $50M+ of run-rate synergies.

Kleen-Tech Services, LLC has acquired Sentinel Maintenance Inc. Sentinel's founders Marc Schultz and Chris Greco will continue leading the Sentinel brand while Kleen-Tech integrates Sentinel's construction cleaning, high-access window cleaning and white-glove services to expand its nationwide janitorial and facilities offering.

Platte River Equity has acquired Municipal Emergency Services, Inc. (MES) from HB Equity Partners. MES, headquartered in Sandy Hook, Connecticut, is a leading distributor and service provider of equipment for first responders across the United States; Platte River intends to support MES's expansion of product and service offerings and geographic reach.

Heritage Global Partners (an affiliate of Heritage Global Inc.) acquired substantially all of the assets of American Laboratory Trading (ALT), a leading North American reseller of refurbished laboratory equipment. The deal includes ALT's building in East Lyme, Connecticut, and is intended to expand HGP's biotech and pharma services and New England footprint.

LBB Specialties LLC has acquired Centerchem, Inc., a Norwalk, Connecticut-based specialty chemical and ingredients distributor focused on personal care and food & nutrition end markets. The acquisition expands LBB Specialties' product mix and technical capabilities, reinforcing its position in the North American specialty chemical and ingredients distribution market.

Specialty Products and Insulation (SPI), a portfolio company of Dunes Point Capital (DPC), has acquired Thermaxx, LLC, a West Haven, Connecticut-based designer, manufacturer and installer of removable insulation covers. Thermaxx's patented energy-savings sensors and mechanical insulation asset management system will expand SPI's insulation product and service capabilities across commercial and industrial facilities in the United States.

Capital Infrastructure Group Inc., a Canadian infrastructure services company based in Vaughan, Ontario, has acquired Northeast Work & Safety Boats, LLC, a New Hartford, Connecticut-based provider of rescue, inspection and work boats. The acquisition expands Capital's service capabilities into marine support for bridge inspection, construction and rehabilitation projects and strengthens its cross-border footprint in North America.

Newlook Capital completed an investment in Mack Fire Protection, a Connecticut-based fire sprinkler contractor, which closed on June 1, 2021. Mack will join a newly formed platform, Newgate Industrial Services LP, backed by Newlook Capital, Fengate Asset Management and the LiUNA Pension Fund of Central and Eastern Canada; Generational Equity advised the sell-side.

Lectra entered into a Memorandum of Understanding to acquire all capital and voting rights of US-based Gerber Technology, subject to work council consultation, merger control clearance and shareholder approval. The proposed deal envisages an upfront cash-free / debt-free payment of €175 million plus 5 million newly issued Lectra shares to AIPCF VI LG (an affiliate of American Industrial Partners), representing a total consideration of about €300 million based on Lectra's Feb 5, 2021 share price; Gerber reported €165 million of revenue in 2020.

Broadtree Partners, a Charlotte-based lower-middle market private equity firm, has acquired Precision Devices Inc., a 40-year-old remanufacturer and aftermarket supplier of components for the material handling industry headquartered in Wallingford, Connecticut. The transaction (supported by Bank Prov) installs Dan Brunstetter as CEO while sellers Bill Bacha and Mark Hoover remain engaged to support operations as Broadtree pursues growth of the business.

Generation Growth Capital (GGC) and Harrell's Car Wash Systems announced the acquisition of AutoShine of New England, a Manchester, Connecticut-based seller, installer and servicer of car wash systems, parts and chemicals. The deal — terms not disclosed — is the fourth add-on to the GGC-backed Harrell's platform; AutoShine's president Frank Carpino will continue to manage the business.

May River Capital, together with Longview Asset Management and Knox Capital Holdings, completed a merger combining Stancor, L.P. and BJM Pumps LLC into Industrial Flow Solutions (IFS), a May River portfolio company. The combined business will operate under IFS to provide integrated pump design, manufacturing, sales and service for industrial, municipal and construction end markets.