Industrial Services Acquisitions in Kentucky

MEI Industrial Solutions, a portfolio company of Olympus Partners, has acquired CCI Industrial Services, an industrial services provider headquartered in Somerset, Kentucky. The acquisition adds roughly 120 employees, expands MEI's footprint in the Southeast (establishing a presence in Kentucky) and brings equipment-level electrical, millwrighting, rigging and fabrication capabilities to MEI's end-to-end service offering.

Guidant Power, a Chicago-based electrical safety and reliability services platform backed by Shore Capital, has acquired Mitchell & Lindsey, an electrical safety consulting and training firm. The acquisition expands Guidant Power's arc flash assessment, testing, and healthcare-focused safety capabilities and broadens its national service footprint.

OCo Capital Management has acquired CMS Utility Services, Inc., a Shepherdsville, Kentucky-based provider of the CMS Portable Pole Rack System and pole rack installation services. The deal, arranged by Small Business Deal Advisors, enables founder Glenn Wilson to transition to retirement while OCo plans post-close value creation and continued growth of the business.

CORE Industrial Partners has completed a platform investment in Edwards Moving & Rigging, a Shelbyville, Kentucky-based provider of heavy hauling, rigging and turnkey project management services for power generation, manufacturing and infrastructure end markets. CORE said it will partner with Edwards' management to support growth, expand the company's value proposition and pursue complementary acquisitions.

Centro, Inc. has acquired LECORP, a Paducah, Kentucky provider of system design, equipment supply, and construction services for material handling, process solutions, and dust control. The acquisition (completed January 2025) expands Centro's capabilities in dry bulk material handling and dust collection while strengthening its regional footprint across KY, TN, IN, IL, MO, AR, and MS.

Limbach Holdings, Inc. (Nasdaq: LMB) acquired Consolidated Mechanical, Inc. (CMI) for an initial purchase price of $23 million with up to $2 million in contingent earn-outs. CMI, founded in Owensboro, Kentucky, is expected to contribute roughly $23 million of annualized revenue and $4 million of EBITDA beginning in 2025, expanding Limbach's industrial services footprint in Kentucky, Michigan, and Illinois and adding capabilities in power generation, food processing, manufacturing and metals markets.

Michelli Weighing & Measurement, a portfolio company of Summit Park, has acquired and recapitalized American Scale, LLC, a Louisville, Kentucky-based provider of industrial weighing services, calibration and scale equipment sales/rentals. The deal expands Michelli's geographic footprint into Kentucky and Indiana and strengthens its nationwide service and calibration capabilities.

Flagger Force, a Hummelstown, Pennsylvania–based short-term traffic control operator, has acquired Louisville, Kentucky–based NTC Traffic Control to expand its operations into Kentucky and the Midwest. Flagger Force is a portfolio company of private equity firm Blue Sea Capital; the transaction brings NTC's traffic management, emergency response and equipment rental capabilities into Flagger Force's platform.

Thermal Technology Distribution Solutions (TTDS), a distribution platform backed by Gryphon Investors, has acquired Proheat Inc., a La Grange, Kentucky-based distributor of industrial heaters, sensors, controls and technical support for manufacturers. Proheat's management, including President and CEO Steven W. Button, will remain with the company and retain a significant equity stake; terms were not disclosed.

Argosy Private Equity acquired Vac2Go, LLC, a Louisville-based provider of vacuum truck rentals and related repair services, in March 2023. NewSpring (via its mezzanine strategy) provided mezzanine debt and a preferred equity co-invest to support the transaction; Argosy will implement its Value Acceleration Methodology to grow Vac2Go's fleet, branches and used-equipment sales channels.

DXP Enterprises, Inc. completed the acquisition of Sullivan Environmental Technologies, a distributor and manufacturers' representative of pumps, valves, controls and process equipment serving municipal and industrial water/wastewater customers in Ohio, Kentucky and Indiana. Financial terms were not disclosed; Sullivan reported approximately $4.4 million of sales and $1.6 million of adjusted EBITDA for the twelve months ending July 31, 2022. The deal expands DXP's water and wastewater capabilities and is the company's fourth acquisition in 2022 (eleventh since Q4 2020).

GHK Capital Partners LP completed the acquisition of Auveco, a Cold Spring, Kentucky-based master distributor of automotive body hardware and general industrial fasteners, from Tenex Capital Management. Terms were not disclosed; GHK said the deal will support Auveco's organic and inorganic growth initiatives while existing senior management will remain in place.

Hy-Tek Holdings, a portfolio company of Dunes Point Capital, has acquired Advanced Handling Systems (AHS), a material handling automation integrator based in Erlanger, Kentucky. AHS operates two U.S. facilities, employs about 90 people, and focuses on robotic solutions and full-service systems integration to serve end markets such as e-commerce, third-party logistics, and parcel.

Groome Industrial Service Group, an Argosy Private Equity portfolio company, acquired Expro Services, Inc. (also referenced as Explosive Professionals, Inc./ExPro), a Kentucky-based specialist in explosive boiler and HRSG cleaning. The add-on deal expands Groome's industrial maintenance capabilities, creates cross-selling opportunities in power generation and petrochemical markets, and enables penetration into the waste-to-energy sector.

Cross Company, a 100% employee‑owned industrial solutions provider, has acquired Regal Metrology, a Louisville, Kentucky precision measurement company that provides dimensional measurement equipment calibration and sales. Regal Metrology will join Cross Company's Precision Measurement division and expand Cross's calibration, inspection and equipment representation capabilities for manufacturers in Kentucky, Tennessee and the surrounding region.

Würth Industry North America (WINA) and its Northern Safety & Industrial (NSI) business have acquired Louisville-based ORR Safety, a privately held PPE and safety distributor with over $125M in revenue, more than 250 employees and four U.S. distribution facilities. The deal expands WINA/NSI's personalized safety services, private-label offering and geographic reach into markets such as rail, automotive and government while integrating ORR Safety's customer programs and logistics capabilities.

Leadec, a Triton Fund IV portfolio company, acquired Diversified Automation effective December 31, 2020 to expand its parcel automation capabilities and strengthen its North American operations. Diversified Automation, headquartered in Louisville, Kentucky, is an industrial automation systems integrator with ~140 experts and roughly $100 million in annual revenue that serves major parcel and e-commerce customers such as UPS, FedEx and Amazon.

Roark Capital, through an affiliate, has closed an investment in Divisions Maintenance Group (DMG), a tech-enabled facilities maintenance provider headquartered in Newport, Kentucky. The partnership will provide capital and Roark's operational expertise to accelerate DMG's growth and further develop its technology and service delivery across thousands of multi-unit locations.

Align Capital Partners (ACP) has acquired International Systems of America, LLC (ISA), a Louisville-based provider of fire and life safety testing, inspection services and parts, from Gen Cap America. Cleary Gull served as exclusive financial advisor to ISA; ACP said it will pursue organic growth and acquisitions to expand ISA’s national footprint and service capabilities.

RESA Power, a portfolio company of Blue Sea Capital, has acquired NPM Services, Inc., a Cave City, Kentucky-based electrical testing, maintenance and repair services provider. The acquisition adds a RESA service center in Kentucky to expand the company's reach into the Midwestern and Southern U.S. and enhances RESA’s testing and maintenance capabilities for power distribution equipment.

Blackford Capital has invested in Source International through its portfolio company Unimacts, with Convergent Capital providing mezzanine capital and an equity co-invest. The transaction combines Unimacts' industrial manufacturing services with Source's contract manufacturing and global sourcing capabilities to expand U.S. customer reach and drive growth.