Industrial Services Buyers & Acquisitions in Illinois

Tracked deals

113

113 tracked deals across 2010-2026.

Buyer mix

Mixed buyer set

85 strategic · 71 pe

Top trend

Volume peaked in 2026

21 tracked deals announced in 2026.

Primary Insight

What Stands Out

  • Generac Holdings is expanding Commercial & Industrial capabilities in Illinois with a new Belvidere, IL facility for large-megawatt generator packaging and enclosure assembly.
  • Industrial services platforms continue to consolidate service networks—MCE (backed by Frontenac) adds a second Chicago-area motor repair location with the acquisition of Tripp Electric Motors.
  • Specialty manufacturing and materials deals pair platform ownership with geographic depth: Shrieve Chemical Company (via Gemspring Capital) acquired Vertec BioSolvents in West Chicago.
  • Energy and advanced manufacturing solutions show up in both battery systems and power equipment—H.I.G. Capital (affiliate) acquired Inventus Power in Woodridge, and General Oceans ASA acquired MRV Systems to strengthen its underwater profiling vehicle business.
  • Logistics and warehouse services remain a recurring theme, including Wolter Inc. expanding Chicago-area end-to-end warehouse solutions through CSI Materials Handling.

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Buyer Snapshot

Top Buyers

Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.

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Buyer # Deals Focus Type
Frontenac 3 Chicago-based private equity firm focused on lower middle... PE
MiddleGround Capital 3 Middle-market private equity firm that makes control equi... PE
Shorehill Capital LLC 3 Chicago-based private equity firm focused on control equi... PE
Belt Power, LLC 2 Full-service distributor and fabricator of conveyor syste... Strategic (PE-backed)
Center Rock Capital Partners, LP 2 Midwest-based private equity firm focused on industrial m... PE
Gemspring Capital 2 Middle-market private equity firm providing flexible capi... PE
H.I.G. Capital 2 Global alternative investment firm providing debt and equ... PE
Leonard Green & Partners 2 Private equity firm and financial partner backing platfor... PE
MCE 2 Supplier of technical fluid power, automation, flow contr... Strategic (PE-backed)
Platte River Equity 2 Private equity firm focused on lower middle-market indust... PE

Acquisition Volume in Industrial Services in Illinois by Year

Last 9 years

Acquisition volume by year Annual acquisition counts for the last 9 years for Industrial Services Buyers & Acquisitions in Illinois. 2 2018 3 2019 10 2020 21 2021 14 2022 17 2023 10 2024 14 2025 ~35 est. 21 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    RMH Systems, Yukon Partners, Rotunda Capital Partners
    Target
    Systems in Motion
    Type
    Addon

    RMH Systems acquired Systems in Motion, a warehouse automation and material handling integrator, to expand RMH’s capabilities with a proprietary software platform and warehouse automation expertise. The deal combines manufacturing/packaging automation with “front end and back end” capabilities for distribution and e-commerce fulfillment, supported by financing from Yukon Partners.

  • Buyer
    FreightCar America, Inc.
    Target
    Southern Parts & Equipment, Inc.
    Type
    Buyout

    FreightCar America completed the acquisition of Southern Parts & Equipment (SP&E), a regional distributor of new, used and reconditioned railcar parts and equipment. The deal expands FreightCar America's railcar aftermarket distribution capabilities and adds consulting, inspections and project-related services to its aftermarket platform.

  • Buyer
    Ridgeline Roofing & Restoration, Bertram Capital
    Target
    Freedom Roofing & Construction
    Type
    Addon

    Ridgeline Roofing & Restoration, a Bertram Capital portfolio company, acquired Freedom Roofing & Construction, a Central Illinois roofing and exterior services contractor based in the Champaign area. The transaction marks Ridgeline’s seventh acquisition and terms were not disclosed.

  • Buyer
    Generac Holdings
    Target
    Belvidere, Illinois manufacturing facility (generator enclosure assembly and packaging site)
    Type
    Buyout

    Generac Holdings announced the acquisition of a new manufacturing facility in Belvidere, Illinois to expand capacity for large-megawatt generator packaging and enclosure assembly. The company said the Belvidere site complements capabilities gained from its earlier acquisition of Enercon Engineering and is expected to create more than 100 jobs when operations begin in Q1 2027.

  • Buyer
    MCE, Frontenac
    Target
    Tripp Electric Motors
    Type
    Addon

    MCE, a Cleveland-based industrial motor repair and equipment services platform backed by Frontenac, acquired Tripp Electric Motors, a Chicago-area motor repair specialist serving manufacturers across northern Illinois. Terms were not disclosed, and the deal adds a second Chicago-area location while deepening MCE’s penetration across the industrial corridor from Rockford through Aurora to Gary, Indiana.

  • Buyer
    Shrieve Chemical Company, Gemspring Capital
    Target
    Vertec BioSolvents
    Type
    Buyout

    Shrieve Chemical Company, a Gemspring Capital portfolio company, acquired Vertec BioSolvents, a manufacturer of bio-based solvents headquartered in West Chicago, Illinois. The companies said the acquisition expands Shrieve’s specialty portfolio and deepens its presence across key end markets serving the demand for more sustainable chemistry. Financial terms were not disclosed.

  • Buyer
    H.I.G. Capital
    Target
    Inventus Power
    Seller
    KRG Capital Partners
    Type
    Buyout

    H.I.G. Capital, through one of its affiliates, completed the acquisition of Inventus Power, a global provider of advanced lithium-ion battery and power systems. Inventus Power is headquartered in Woodridge, Illinois, and designs and manufactures customized battery solutions and power systems for OEMs serving military/aerospace, medical, industrial/fleet, and consumer end markets.

  • Buyer
    Wolter Inc.
    Target
    CSI Materials Handling
    Seller
    Mike Wall (Previous Owner, CSI Materials Handling)
    Type
    Buyout

    Wolter Inc. acquired CSI Materials Handling, a Chicago-area provider of pallet racking, engineered storage systems, and installation services. The acquisition strengthens Wolter’s presence in the Chicago market and expands its ability to deliver end-to-end warehouse solutions to 3PL and distribution customers.

  • Buyer
    General Oceans ASA, General Oceans, Inc.
    Target
    MRV Systems, LLC
    Seller
    Fred Maas
    Type
    Buyout

    General Oceans ASA entered into a purchase agreement to acquire MRV Systems, LLC. The acquisition expands General Oceans’ capabilities in long-duration, autonomous data collection and strengthens its underwater technology position, adding MRV’s profiling vehicle business and U.S. footprint.

  • Buyer
    Rollins, Inc.
    Target
    American Pest Control (Illinois)
    Seller
    Haggerty family (including Andrea Mooberry, Chris Haggerty, Lynette Hillman, and Rod Haggerty)
    Type
    Buyout

    Rollins acquired American Pest Control, a third-generation family-owned pest control business based in Hanna City, Illinois. The deal closed in summer 2025, and terms were not disclosed.

  • Buyer
    Private Investor
    Target
    Amber Mechanical Contractors, Inc.
    Seller
    Amber Mechanical Contractors, Inc. (family owners / second-generation owners; seller not individually named)
    Type
    Buyout

    Generational Capital Markets advised Amber Mechanical Contractors, Inc. on its sale to a private investor. The acquisition closed March 2, 2026, with Amber focused on HVAC and piping design, installation, and maintenance for commercial and industrial facilities across the Chicagoland region and northwest Indiana.

  • Buyer
    Fortis Fire & Safety Inc., Fortis Fire 26 Safety Inc.
    Target
    LaMarco Systems Inc.
    Seller
    Marat Sedenkov (Founder and President of LaMarco)
    Type
    Addon

    Fortis Fire & Safety announced its acquisition of LaMarco Systems, a provider of advanced fire alarm, security, and integrated building safety solutions. The deal is positioned as Fortis’ strategic entry into the Midwest and an enhancement of its mission-critical life safety technology capabilities.

  • Buyer
    Generac Holdings Inc.
    Target
    Enercon Engineering, Inc.
    Type
    Buyout

    Generac Holdings Inc. has signed a definitive agreement to acquire Enercon Engineering, Inc., a custom power equipment and industrial enclosure manufacturer specializing in generator enclosures and UL-certified switchgear. The deal is intended to expand Generac’s Commercial & Industrial capabilities to serve accelerating demand for backup power in data center and other mission-critical markets, with closing expected in Q2 2026 subject to regulatory approvals.

  • Buyer
    Flow Control Management
    Target
    Kingston Valve Co
    Seller
    Storm Manufacturing Group, Inc.
    Type
    Addon

    Flow Control Management (FCM) has announced the acquisition of Kingston Valve Co, a division of Storm Manufacturing Group, Inc. The Kingston operations will be integrated into FCM's Aquatrol division in Elburn, Illinois, expanding FCM’s safety valve offerings.

  • Buyer
    Wareing & Company
    Target
    Great Lakes Lifting Solutions

    Wareing & Company, a Houston-based single family office, completed a recapitalization of Great Lakes Lifting Solutions, a provider of rental, sales and service of specialty lifting equipment. The partnership is intended to support fleet investment, geographic expansion and operational growth, with Steven Brooks continuing to lead the company.

  • Buyer
    The State Group Industrial (USA) Limited, Apollo (funds managed by Apollo Global Management)
    Target
    Ruder Electric, Inc.
    Type
    Addon

    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.

  • Buyer
    Global Water Technology, Inc.
    Target
    Brochem Industries, Inc.
    Seller
    Chuck Mihalov (mentioned as founder; remaining involved during transition)
    Type
    Addon

    Global Water Technology, Inc. (GWT) announced the acquisition of Brochem Industries, a private-label blender and manufacturer of water treatment chemicals serving independent and regional water treatment providers across the United States. The deal expands GWT’s Global Custom Solutions (GCS) platform and increases production capacity and operational efficiency at GWT’s Calumet City, Illinois facility.

  • Buyer
    Colfax Creek Capital
    Target
    Performance Stamping
    Type
    Addon

    Colfax Creek Capital acquired Performance Stamping, a Chicago-area precision metal stamping and fabricated components manufacturer based in Carpentersville, Illinois. Performance Stamping will operate alongside Dial Tool Industries and Traverse City Products as part of a growing platform under Addison Traverse Manufacturing.

  • Buyer
    Leidos
    Target
    ENTRUST Solutions Group
    Seller
    Kohlberg
    Type
    Buyout

    Leidos has agreed to acquire ENTRUST Solutions Group from Kohlberg in an all-cash deal valued at approximately $2.4 billion. The transaction expands Leidos’ energy infrastructure capabilities and footprint in utility engineering, including grid modernization and natural gas infrastructure services.

  • Buyer
    Visterra Landscape Group, Trinity Hunt Partners
    Target
    Liberty Lawn & Landscaping
    Seller
    Christy Rohlf, Tray Rohlf, Christy and Tray Rohlf (Liberty Lawn & Landscaping owners)
    Type
    Addon

    Visterra Landscape Group made a strategic investment in Liberty Lawn & Landscaping to expand its commercial landscaping operations in the Texas market, including the greater San Antonio and Austin corridor. The acquisition closed on December 1, 2025, and Liberty’s operations remain anchored in the I-35 corridor between Austin and San Antonio.

  • Buyer
    LindFast Solutions Group (LSG)
    Target
    AZ Wire & Cable
    Seller
    MFG Partners
    Type
    Addon

    MFG Partners sold AZ Wire & Cable to LindFast Solutions Group (LSG), a Nautic Partners portfolio company. The transaction adds to LSG’s distribution and value-added services capabilities and is described as a successful outcome for both AZ and MFG, with financial terms undisclosed.

  • Buyer
    Alpine Power Systems
    Target
    Chicago Industrial Battery, Inc.
    Type
    Addon

    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.

  • Buyer
    Littelfuse, Inc.
    Target
    Basler Electric Company
    Type
    Buyout

    Littelfuse, Inc. announced a definitive agreement to acquire Basler Electric Company for approximately $350 million in cash (about $320 million net after expected tax benefits). The acquisition strengthens Littelfuse’s high-power controls and protection capabilities for mission-critical industrial markets including grid and utility infrastructure, power generation, and data centers. The transaction closed on December 11, 2025.

  • Buyer
    Superior Environmental Solutions, Palladium Equity Partners
    Target
    J&S Industrial Services
    Seller
    Bruce Kypta, Jennifer Yaros
    Type
    Addon

    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.

  • Buyer
    VisuSewer, Fort Point Capital
    Target
    Sheridan Plumbing & Sewer, Accurate Locating Services
    Seller
    Beth Healy, George Vlahos
    Type
    Addon

    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.

  • Buyer
    North Branch Capital
    Target
    Rabine Doors & Docks
    Type
    Buyout

    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.

  • Buyer
    EverMetal Holdings LP, GEF Capital Partners
    Target
    CAI Custom Alloys LLC
    Type
    Buyout

    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.

  • Buyer
    MES Life Safety, Platte River Equity
    Target
    Illini Fire Equipment, FESSI, Inc.
    Seller
    Amy Lewis (President and Co-Owner)
    Type
    Addon

    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.

  • Buyer
    Aramsco
    Target
    Jon-Don, USA-CLEAN (USAC)
    Seller
    Jon-Don

    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.

  • Buyer
    DuraServ, Leonard Green & Partners
    Target
    Paul Reilly Company
    Type
    Addon

    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.

  • Buyer
    Kurz Industrial Solutions
    Target
    Endeavor Technologies, Inc.
    Type
    Buyout

    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.

  • Buyer
    PremiStar
    Target
    Dahme Mechanical Industries, Inc. (HVAC services division)
    Seller
    Dahme Mechanical Industries, Inc.
    Type
    Addon

    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.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Fire Science Techniques
    Type
    Addon

    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.

  • Buyer
    EVI Industries, Inc.
    Target
    Haiges Machinery, Inc.
    Seller
    Robert Haiges and his family
    Type
    Buyout

    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.

  • Buyer
    Wolter Inc.
    Target
    Midway Industrial Equipment
    Type
    Buyout

    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.

  • November 7, 2024
    Buyer
    DSG
    Target
    Peoria Pump
    Seller
    Terry Cole (Owner of Peoria Pump)
    Type
    Buyout

    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.

  • Buyer
    Komline, SRM Equity Partners, Satori Capital
    Target
    Aerator Solutions
    Type
    Addon

    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.

  • Buyer
    Federal Signal Corporation
    Target
    Standard Equipment Company
    Type
    Buyout

    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.

  • Buyer
    Tadano Ltd.
    Target
    Manitex International, Inc.
    Type
    Buyout

    Tadano Ltd decided to acquire the remaining shares of Manitex International, Inc. that it does not already own, valuing the deal at about $223 million (all-cash, $5.80 per share). Manitex will become a wholly owned subsidiary of Tadano and its shares will no longer be publicly traded.

  • Buyer
    Pye-Barker Fire & Safety
    Target
    Phoenix Fire Systems, Basic Fire Protection, FESSCO
    Seller
    Kirk Humbrecht
    Type
    Buyout

    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.

  • Buyer
    Easy Ice, LLC
    Target
    High Standard Icemakers
    Type
    Addon

    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.

  • Buyer
    O6 Environmental
    Target
    Illini Environmental
    Type
    Addon

    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.

  • Buyer
    Lawson Products, Distribution Solutions Group, Inc. (DSG)
    Target
    Safety Supply Illinois LLC (DBA Emergent Safety Supply / ESS)
    Type
    Buyout

    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.

  • Buyer
    Mountaingate Capital, Damotech
    Target
    Mac Rak
    Type
    Addon

    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.

  • Buyer
    Shrieve Chemical Company, Gemspring Capital
    Target
    TLC Ingredients
    Type
    Addon

    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.

  • Buyer
    AFC Industries, Bertram Capital Management
    Target
    Chicago Industrial Fasteners, LLC
    Seller
    Chicago Industrial Fasteners, LLC, John Price, Cathy Price
    Type
    Addon

    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.

  • Buyer
    American Roller Company, Hamilton Robinson Capital Partners
    Target
    PETCO Inc. (Polyurethane Engineering Techniques Co. Inc.)
    Seller
    Smith family
    Type
    Addon

    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.

  • Buyer
    Belt Power, LLC, Platte River Equity
    Target
    Reliable Rubber, LLC
    Type
    Addon

    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.

  • Buyer
    Acuren Inspection, Inc.
    Target
    Alloyweld Inspection Company, Inc.
    Type
    Addon

    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.

  • Buyer
    PumpMan Holdings LLC (PumpMan)
    Target
    Flo-Systems, Inc.
    Seller
    Tom Caraker, Jr.
    Type
    Buyout

    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.

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Frequently Asked Questions

Which Illinois deals in this category involve industrial power and generators?

Generac Holdings announced plans to acquire Enercon Engineering (definitive agreement) and also acquired a Belvidere, Illinois facility to expand large-megawatt generator packaging capacity.

Are Illinois acquisitions in industrial services mostly focused on equipment manufacturing or services?

Both appear. Several deals focus on services and engineered solutions (e.g., industrial motor repair and warehouse storage systems), while others expand specialized manufacturing or technology capabilities (e.g., bio-based solvents, battery and power systems).

Do private equity-backed buyers appear in the Illinois industrial services deals listed here?

Yes. Recurring buyers include H.I.G. Capital, Frontenac, and Gemspring Capital (among others), including acquisitions of operating companies headquartered in Illinois.

What kinds of Illinois locations show up in these transactions?

Illinois locations mentioned include Belvidere, West Chicago, Woodridge, and the Chicago-area—along with broader coverage tied to regional service and distribution footprints.

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