Industrial Services Acquisitions in Illinois

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.

LindFast Solutions Group, a portfolio company of Nautic Partners, has acquired AZ Wire & Cable from private equity owner MFG Partners. AZ, a Northbrook, Illinois-based master distributor of industrial, commercial, and specialty wire and cable, will join LSG’s distribution platform to expand product and geographic reach; financial terms were not disclosed.

Alpine Power Systems has acquired Chicago Industrial Battery, Inc., a Chicagoland provider of motive power batteries, chargers, rentals and services founded in 2010 by Mark Calderini. The purchase expands Alpine's PowerMAX used and rental motive power battery and charger offerings and broadens the company's geographic presence in the Chicago region; Calderini will remain actively involved in the business.

Superior Environmental Solutions (SES), a Palladium Equity Partners-backed industrial and environmental services platform, has acquired J&S Industrial Services, a Greater St. Louis-area provider of vacuum truck, hydro-excavation, hydroblasting and waste management services. The add-on expands SES's Midwest footprint and operational capacity across Missouri, Illinois and neighboring states to better serve industrial and infrastructure customers.

VisuSewer, a Fort Point Capital portfolio company, has acquired Sheridan Plumbing & Sewer and Accurate Locating Services, both based in Bedford Park, Illinois. The add-on bolsters VisuSewer's presence in the Greater Chicago region and expands its wastewater infrastructure, pipe cleaning/inspection, and utility locating capabilities.

Pentair plc has completed the acquisition of Hydra-Stop LLC from Madison Industries for approximately $290 million (net ~$240 million after expected tax benefits). Hydra-Stop, a Burr Ridge, Illinois–based provider of specialty insertion valves, line stop fittings and installation equipment serving municipal and water utility customers, will join Pentair Flow’s Commercial and Infrastructure business unit and is expected to generate roughly $50 million of revenue in full-year 2025.

North Branch Capital has completed an investment in Rabine Doors & Docks, a Chicago-area commercial door, dock and security services provider. The transaction closed on June 30, 2025 and North Branch will partner with management to expand RDD beyond the Chicagoland area into the broader Midwest.

EverMetal Holdings LP, a newly formed equity platform backed by GEF Capital Partners, has acquired CAI Custom Alloys LLC, a Belvidere, Illinois-based processor of high-performance superalloy scrap. The acquisition launches EverMetal's U.S. critical metals recycling platform to scale domestic processing capacity for strategic metals serving aerospace, defense, power generation and technology markets.

Platte River Equity–backed MES Life Safety has acquired two family-owned fire protection companies, Illini Fire Equipment and FESSI, Inc., expanding MES's footprint in the Central U.S. and adding capabilities in the fire and life safety segment. The acquisitions are add-ons to MES's platform under Platte River's ownership and will broaden MES's equipment distribution and recurring maintenance/testing services for fire protection customers.

Aramsco announced it is taking on Jon-Don customers after Jon-Don closed on May 9, 2025, hiring a number of Jon-Don employees and bringing several former Jon-Don branches onto Aramsco’s network. Separately, Aramsco purchased the assets of USA-CLEAN (USAC) and hired its employees; Factory Cleaning Equipment (FCE) was not acquired. Aramsco will operate USAC as one of its business units and honor certain Jon-Don customer credit terms and orders.

DuraServ, a PE-backed provider of overhead door and loading dock equipment and services, has acquired Paul Reilly Company (PRC), which operates locations in Glendale Heights, Illinois, Mequon, Wisconsin, and Madison, Wisconsin. The acquisition expands DuraServ’s Midwest footprint and augments its installation, repair, and maintenance capabilities across the Chicago, Madison and Milwaukee areas.

Kurz Industrial Solutions has acquired Endeavor Technologies, Inc., a St. Charles, Illinois-based specialist in precision spindle and servomotor repair. The deal, which closed on March 7, 2025, was advised by Generational Group and is intended to deepen Kurz's industrial automation and advanced motor repair capabilities.

PremiStar has acquired the HVAC services division of Dahme Mechanical Industries, Inc., based in Countryside, Illinois. The deal moves the division's employees and commercial HVAC customers into PremiStar’s Frankfort, IL operations and expands PremiStar’s service capabilities in northern Illinois and northwest Indiana.

Pye-Barker Fire & Safety has acquired Fire Science Techniques, a Midwest fire protection and life safety services provider focused on commercial kitchens. The deal expands Pye-Barker’s service footprint across Illinois, Indiana and Wisconsin and brings Fire Science Techniques’ inspection, installation and extinguisher services into Pye-Barker’s national platform.

EVI Industries, Inc. has executed a definitive agreement to acquire Haiges Machinery, Inc., a Huntley, Illinois-based distributor of commercial laundry equipment that also provides installation and maintenance services. Haiges Machinery will continue to operate under its existing name with all 25 current employees; the purchase will be paid in cash and is expected to be accretive to EVI's fiscal year ending June 30, 2025.

Wolter Inc., a Brookfield, Wisconsin-based material handling solutions provider, has acquired Midway Industrial Equipment, a full-service forklift and material handling dealer with locations in Sugar Grove and University Park, Illinois. The acquisition expands Wolter's product and service capabilities — including rentals, parts, and maintenance — and strengthens its presence in the Midwest.

DSG acquired Peoria Pump in an asset purchase effective November 4, 2024, expanding DSG's operations into Illinois. Peoria Pump — a long-standing wholesale distributor of pumps, pipe and geothermal supplies with branches in Peoria and Rockford — will continue operating as Peoria Pump: A DSG Company during a transition with owner Terry Cole remaining through integration.

Komline, a portfolio company of SRM Equity Partners and Satori Capital, has acquired Aerator Solutions in an add-on transaction that expands Komline's product offerings and capabilities in the water and wastewater treatment market. Aerator Solutions, a specialist provider of aerators and mixers for industrial and municipal wastewater operations, will join Komline's portfolio to bolster its aeration and mixing equipment lineup; terms were not disclosed.

Federal Signal Corporation completed the acquisition of substantially all assets and operations of Standard Equipment Company, a distributor of specialty maintenance and infrastructure equipment based in Elmhurst, Illinois. The deal closed Oct. 4, 2024, with an initial purchase price of $38.8 million plus a contingent earn-out of up to $4.8 million; Federal Signal said the acquisition expands its aftermarket parts, service, rental and used-equipment capabilities and footprint in Illinois and Indiana.

Pye-Barker Fire & Safety has acquired Phoenix Fire Systems — including Basic Fire Protection and FESSCO — expanding Pye-Barker's footprint into its 41st U.S. state and adding six locations across Illinois, Wisconsin, Kansas and Colorado. The deal brings specialized fire suppression, special hazards and vehicle fire suppression capabilities into Pye-Barker's national life-safety platform while keeping Phoenix Fire's local teams in place.

Easy Ice, LLC has acquired High Standard Icemakers, a Rockford-area commercial ice machine service provider, marking Easy Ice's eighth acquisition of 2024. The deal expands Easy Ice's presence in western Illinois and southern Wisconsin and will integrate High Standard's customers and employees into Easy Ice's managed ice machine rental platform.

O6 Environmental has acquired Illini Environmental, a non-hazardous waste processing and recycling facility based in Caseyville, Illinois. The acquisition expands O6’s waste treatment, transportation and recycling capabilities and strengthens its service footprint across the Midwest and broader U.S. markets.

Distribution Solutions Group’s operating company, Lawson Products, completed the acquisition of Safety Supply Illinois LLC (DBA Emergent Safety Supply), a national safety products distributor headquartered in Batavia, Illinois. ESS generates approximately $13 million in annual sales and the acquisition expands Lawson’s safety product offering, strengthens technical expertise, and is expected to be accretive to DSG’s adjusted EBITDA; the transaction was funded from DSG's cash from operations.

Denver-based private equity firm Mountaingate Capital made a strategic investment in Damotech to facilitate Damotech's combination with Lockport, Illinois-based Mac Rak. The transaction creates North America's leading rack safety specialist, combining engineering services, inspections, repair & protection products and a software platform to serve enterprise warehouse customers; the combined organization has roughly 200 employees across the United States and Canada.

Shrieve Chemical Company, a portfolio company of Gemspring Capital, has acquired TLC Ingredients, a Crest Hill, Illinois-based distributor of food ingredients, industrial chemicals, and phenolic resins. The add-on expands Shrieve's Midwest footprint and enhances its capabilities in the food ingredients and specialty industrial resins end-markets; terms were not disclosed.

AFC Industries, a portfolio company of Bertram Capital Management, has acquired Chicago Industrial Fasteners, a West Chicago, Illinois-based distributor of specialty and standard fasteners. Mazzone & Associates acted as exclusive financial advisor to Chicago Industrial Fasteners; the deal expands AFC's supply-chain capabilities and product offerings for OEMs across heavy truck, renewable energy, defense and automotive end markets.

American Roller Company, a portfolio company of Hamilton Robinson Capital Partners, acquired PETCO Inc., a Lake Forest, Illinois-based urethane casting and roller specialist. The add-on expands American Roller's urethane casting capabilities and strengthens its Midwest presence; the seller is the Smith family.

Platte River Equity portfolio company Belt Power, LLC has acquired Chicago-based Reliable Rubber, LLC. The add-on expands Belt Power's Midwest footprint and fabrication capabilities, marking the firm's third bolt-on since Platte River's investment in Belt Power last year.

Acuren Inspection, Inc. acquired Alloyweld Inspection Company, Inc., a two-location Illinois nondestructive testing (NDT) services provider; the transaction closed on September 13, 2023. Generational Equity advised Alloyweld on the sale — the deal brings Alloyweld’s specialized radiography and 3D CT capabilities into Acuren’s broader asset integrity and NDT platform to expand service capabilities for aerospace, medical device and industrial customers.

PumpMan has acquired Flo-Systems, Inc., a Troy, Illinois-based provider of pump sales, service and repair for water and wastewater systems, to establish a presence in the St. Louis / Southern Illinois market. Flo-Systems will continue to operate from its Troy facility with its current staff and founder Tom Caraker, Jr. remaining as General Manager while PumpMan invests in facilities, equipment and human resources to support growth.

Triad Technologies, LLC completed the acquisition of Tech-Syn Corporation (effective March 31, 2023), expanding Triad's product offering and Midwest footprint. The transaction, executed by Vandalia, Ohio-based Triad (which is PE-backed by Shorehill Capital LLC), adds Tech-Syn's value-added sealing, O-ring and hose capabilities across locations in Bloomingdale and Rockford, Illinois and Milwaukee, Wisconsin.

Keystone Capital Management completed an investment partnership with Identiti Resources, a national signage program management and facility services provider headquartered in Schaumburg, Illinois. The Sicher family (including Michael and Zachary Sicher) retained a significant ownership stake and will continue to lead the business while Keystone positions Identiti as a platform for buy-and-build growth in the signage and facilities services market.

Apollo Funds completed a take-private acquisition of Univar Solutions, acquiring all outstanding shares for $36.15 per share; a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) made a minority investment in the deal. Univar Solutions will continue to operate under its name with management remaining in place, and Apollo cited plans to accelerate growth, expand capabilities and pursue strategic initiatives across Univar's global chemical and ingredients distribution platform.

Rixan Automation, a subsidiary of Hunkar Technologies, has acquired Carlin Automation, Inc., a Rock Island, Illinois-based distributor and service provider for industrial temperature control and calibration. The transaction closed July 12, 2023; Carlin’s leadership (Pat and Tim Carlin) will remain with the business and clients are expected to gain expanded automation, system integration, and repair capabilities. Generational Equity advised on the sale.

MiddleGround Capital has acquired A.M. Castle & Co. (Castle Metals) and, via a $440 million continuation vehicle (MiddleGround Carbon CV, L.P.), combined Castle with its Banner Industries platform to create a larger specialty metals distribution and processing platform. The transaction brings Castle's global metals processing and distribution footprint together with Banner's precision bar and medical metals capabilities to expand capabilities, geographic reach and end-market exposure in aerospace, industrial and medical sectors.

Holleway Capital, a St. Louis-based private equity firm focused on Midwestern manufacturers and distributors, has acquired Aladdin Steel, a specialty carbon steel tubing and pipe distributor founded in 1976 and headquartered in Gillespie, Illinois. RKCA advised the sell-side; founder Gene Eschbacher, who became sole owner in 2009, was the selling party. The acquisition expands Holleway's exposure to regional industrial distribution and value‑added steel services.

John Henry Foster Minnesota, Inc. (JHFOSTER) has acquired DevLinks Ltd, a privately held systems integrator specializing in automation and robotics solutions for the plastics industry. DevLinks will continue to operate from its Arlington Heights, Illinois headquarters and its president, Robert Devlin, will report to JHFOSTER CEO Nicholas W. Martino; the deal strengthens JHFOSTER's automation and integration capabilities as part of its recent roll-up activity.

Greif, Inc. completed an all-cash transaction to increase its ownership in Centurion Container LLC from 9% to 80% for $145 million, funded through Greif's existing credit facility. Centurion, a North American leader in IBC and plastic drum reconditioning with eight U.S. facilities, will be reported within Greif's Global Industrial Packaging segment and expand Greif's reusable packaging and circular-economy capabilities in North America.

Blue Wolf Capital Partners has acquired Sterling Site Access Solutions, a vertically integrated North American provider of temporary ground protection and site access services. Sterling, founded in 1949 and headquartered in Phoenix, Illinois with manufacturing in Phoenix, IL and Lufkin, TX, serves power transmission & distribution, civil infrastructure, and energy customers; Blue Wolf intends to expand the company's capabilities and accelerate growth. Terms were not disclosed.

Rental Equipment Investment Corp. (REIC), a portfolio company of Kinderhook Industries, has acquired Industrial Drying Solutions, LLC (IDS), a Franklin Park, Illinois-based provider of specialty rental equipment for heating, dehumidification and power. IDS was a subsidiary of Power Rental Solutions; the transaction is an add-on to REIC's specialty rental platform to expand geographic footprint and broaden its equipment offering in the restoration services market.

Triad Technologies, LLC completed the acquisition of Industrial Service Products, LLC (ISP) on December 30, 2022. The deal adds ISP’s custom fabricated hose, valves, fittings and related fluid-conveyance capabilities and strengthens Triad’s footprint in Illinois and Indiana; Triad is partnered with Shorehill Capital, the private equity sponsor.

GenServe, a GenNx360 Capital Partners portfolio company, has acquired Illini Power Products and sister company Gen-Power, both based in Carol Stream, Illinois. The add-on expands GenServe's geographic footprint into the Chicago / Midwest market and brings the target leadership team (including former owner Scott Harbaugh) into GenServe to support growth.

Abry Partners has completed a majority strategic growth investment in Better Protection, a new commercial fire protection and life safety platform formed by combining Assurant Fire Protection, Complete Fire Pump Service, and Xtreme Fire Protection. The Chicago-headquartered platform, led by CEO Don Mershon and the founders of the constituent businesses, will use Abry's capital to support organic growth and execute a targeted acquisition strategy across the Midwest and Southeastern U.S.

Calvert Street Capital Partners has made a control investment to form a new platform, Traffic Safety (Traffic Safety Solutions Holdings, LLC), by acquiring D2K Traffic Safety, Inc. The investment is alongside industry veteran Kathi Holst (who will serve as Operating Partner) and is supported with mezzanine financing from NewSpring Mezzanine and Southfield Mezzanine to fund growth and future add-on acquisitions.

An affiliate of Angeles Equity Partners has acquired Data Clean, LLC, a Des Plaines, Illinois–based provider of contamination control and decontamination services for data centers, cleanrooms and other critical environments. Angeles will partner with Data Clean's prior owners, Richard Hill and Dean Sirakides, who will retain an ownership stake as Angeles executes a buy-and-build strategy to consolidate the fragmented contamination-control services market.

H.I.G. Capital (through an affiliate) completed the acquisition of Avient Corporation's Distribution business for $950 million in cash and launched the business as an independent company named Formerra. The carve-out creates a platform distributor of engineered thermoplastic resins, additives and specialty polymers serving healthcare, consumer, industrial and mobility markets; Avient expects approximately $750 million in after-tax proceeds.

BMH Equipment, LLC acquired Frank H. Gill Company of Lansing, Illinois from owners John and Tom Gill. Calder Capital advised BMH on the buy-side; the acquisition expands BMH's material-handling product offerings and geographic footprint (bringing BMH to five locations) and Frank H. Gill will operate under its existing name for a transition period. Terms were not disclosed.

Preston Refrigeration has acquired Panatrol Corporation, a Burr Ridge, Illinois-based controls integrator; the transaction closed on September 23, 2022. The acquisition adds controls design, programming and systems integration capabilities to Preston’s industrial refrigeration services and was advised by Generational Equity.

APPLIED Adhesives, a Minnetonka-based adhesive distributor, has completed the acquisition of Chicago-based In-Line Finishing Solutions, LLC. The purchase brings specialty adhesive and coating distribution capabilities for the Direct Mail and Label Converting markets into APPLIED’s platform to expand technical capability and customer support.

A fund managed by the Infrastructure Opportunities strategy of Ares Management has acquired a controlling interest in Atlas Crane Service, a full-service crane rental and MRO provider headquartered in Aurora, Illinois. Ares will support Atlas' growth, geographic expansion and capability expansion in the wind/renewables market while Atlas' executive team, led by CEO Zach Prentis, remains in place; financial terms were not disclosed.