Industrial Services Acquisitions in North Carolina

Nexterra Environmental has acquired GETSCO, Inc., a Middlesex, North Carolina-based provider of erosion and sediment control products and services. GETSCO will continue to operate under its existing name while gaining access to Nexterra's broader product depth, technical resources and national platform as part of Nexterra's multi-regional expansion strategy.

Atlantis Fire Protection, a PE-backed fire protection platform, acquired Armor Fire Services of Mount Holly, North Carolina and will retain the Armor brand with founder Mike Jaggers and Kimberly Jaggers continuing to operate the business. The deal expands Atlantis Fire Protection’s fire and life-safety services footprint in North Carolina and strengthens its roster of regional owner-operators supported by financial backers Lynch Holdings and Capital Alignment Partners.

Wolter Inc., a Brookfield, Wisconsin-based material handling solutions provider, has acquired Carson Industries, Inc. and its operating units (Carson Material Handling, Carson Dock and Door, J&J Forklift Services and Pinnacle Lift Systems), expanding Wolter’s footprint with four locations across North and South Carolina. The deal enhances Wolter’s regional service capacity for forklifts, dock & door systems, rentals, parts and planned maintenance, enabling broader product access and improved service for local manufacturers, logistics providers and distribution centers in the Southeast.

SuperHero Fire Protection, a portfolio company of Hidden Harbor Capital Partners, has acquired Strategic Connections, a Raleigh-based provider of fire protection and low-voltage systems. The add-on strengthens SuperHero's presence in North and South Carolina, expands recurring service and inspection revenue, and broadens low-voltage capabilities while Strategic Connections' founder remains an active owner.

Brooks Safety Solutions (BSS), a portfolio company of H.I.G. Capital, has acquired FireResQ, Inc., a North Carolina-based e-commerce distributor specializing in fire hoses and related parts. The acquisition is an add-on to BSS aimed at expanding product breadth and technical capabilities in fire and life safety; FireResQ's senior leadership will remain in place and become significant shareholders of BSS.

An affiliate of Angeles Equity Partners has acquired a majority interest in Solid Surface Care Holdings, Inc., a national provider of specialty maintenance and restoration services headquartered in Charlotte, North Carolina. Stellus Capital Management provided unitranche senior debt financing and an equity co-investment to support the transaction; management, led by co-founder and CEO Michael Crippen, will remain in place to help scale the business across its national self-performing platform.

Fidelity Building Services Group has acquired Cyrco, inc., a Greensboro-based specialist in cooling tower repair, reconstruction, and custom metal fabrication. The acquisition expands Fidelity’s national service capabilities and geographic footprint, adding cooling tower expertise and fabrication capacity to its HVAC/mechanical and energy solutions platform.

Canopy Capital Partners, alongside Source Capital and other co-investors, has acquired Archway Service Group, a Shelby, North Carolina-based provider of on-call repair and preventative maintenance services for commercial foodservice equipment. Canopy named James Morgan as President and plans to invest in the team, technology and expanded service capabilities to grow the business across the Southeastern U.S.

Singer Industrial has acquired Wilmington Rubber & Gasket Co., Inc., a Wilmington, North Carolina-based distributor and fabricator of industrial rubber products. The deal expands Singer Industrial's footprint in the Southeastern United States and adds local fabrication capabilities (including a waterjet cutting shop) to support customers across pulp & paper, chemical, marine and other end markets. Owner Howard Russell and the Wilmington team will join Singer Industrial's network of locations.

Novvia Group, a Kelso & Company-backed national rigid container and life sciences packaging distributor, has acquired MegaChem, Inc., a High Point, North Carolina supplier of pails, drums and other rigid packaging products. Financial terms were not disclosed; MegaChem owner Richard Lewis will remain with the business to support operations and growth as part of the Novvia platform, expanding Novvia's industrial packaging presence in the Southeastern U.S.

Shermco Industries has acquired Power Products and Solutions (PPS), a NETA-accredited electrical testing and breaker reconditioning specialist based in Charlotte, North Carolina. The deal (terms undisclosed) doubles Shermco's service capacity in the Charlotte area, expands its technical capabilities — including a PEARL-certified breaker shop — and strengthens the company's position across the Southeast. Shermco is majority-owned by Gryphon Investors.

May River Capital and its portfolio company RLE Technologies have acquired NDSL Group Ltd., manufacturer of the Cellwatch battery-monitoring product line, and merged the businesses to form a new platform called Parameter. The combined company brings together battery monitoring and facility-environment monitoring capabilities to serve data centers, utilities, telecom and other critical-infrastructure end markets.

D&H United Fueling Solutions, a Wind Point Partners-backed platform, has acquired HCN Petroleum Equipment, a turnkey petroleum service and equipment provider based in Newland, North Carolina. The add-on acquisition expands D&H’s service footprint in the Southeast and enhances its capabilities in fuel system installation, maintenance, compliance management and repair services.

AEA Investors’ Small Business Private Equity team has closed the acquisition of Dana Safety Supply, a Greensboro, North Carolina–based public safety vehicle upfitter and tactical gear distributor. The deal includes significant investment from Dana Safety Supply’s management and positions AEA to pursue organic growth and further M&A in the public safety services market.

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired Coast Rigging and Machinery Moving, a Charlotte-based provider of rigging, machinery moving, millwrighting, crating, and export packing services. The add-on strengthens MEI's footprint in North Carolina and the broader Southeast while retaining Coast's leadership to support integrated growth.

Reynolda Equity Partners has acquired Carlton Industrial Solutions, a Greensboro, North Carolina-based provider of calibration, repair, automation, crane & hoist services, and safety training. Reynolda is partnering with CEO Chris Trevey and management to support Carlton's continued growth and regional expansion across regulated end markets such as food & beverage, pharmaceutical, and transportation & logistics.

MidOcean Partners, a New York-based private equity firm, has acquired SI Solutions, a provider of engineering, testing, inspection, compliance, maintenance and digital solutions for power and critical infrastructure. SI Solutions (more than 450 employees) will remain led by CEO Mark Marano; management, employee shareholders and prior investor Jumana Capital have reinvested in the business. Terms were not disclosed.

Shermco Industries, a Gryphon Investors–backed electrical services platform headquartered in Irving, Texas, has acquired Power Test, Inc., a NETA‑accredited electrical testing and maintenance firm based in Harrisburg, North Carolina. The acquisition expands Shermco's service footprint and capabilities in the southeastern United States; terms were not disclosed and Power Test's management will join Shermco.

Motion & Control Enterprises (MCE) has acquired Daughtridge Sales Company, a Rocky Mount, North Carolina-based distributor of pressure and temperature instrumentation. The deal expands MCE's flow-control and instrumentation footprint in the mid-Atlantic and preserves Daughtridge's leadership under Lige Daughtridge; Anderson LeNeave & Co. served as exclusive financial advisor to Daughtridge.

Kele, Inc., a portfolio company of The Stephens Group, acquired AC Controls and AC Technical Services ("ACC") to expand its industrial automation offerings and geographic footprint in the U.S. Southeast. The deal adds valve automation, systems integration, field technical services and distribution capabilities to Kele's industrial platform and will be integrated with The Kele Companies' existing businesses.

Clean Harbors, Inc. completed the acquisition of HEPACO from Gryphon Investors for $400 million in cash, financed in part by a $500 million expansion of its term loan facility. HEPACO, headquartered in Charlotte, North Carolina, generated approximately $270 million of revenue and $36 million of adjusted EBITDA in 2023 (about 1,000 employees across ~40 locations); Clean Harbors expects roughly $20 million of cost synergies and about $30 million of incremental adjusted EBITDA in 2024.

Advanced Industrial Devices (AID), a portfolio company of Black Bay Energy Capital, has acquired R.S. Integrators (RSI), a Pineville, North Carolina-based designer and manufacturer of industrial motor control panels and power distribution equipment. The add-on acquisition expands AID’s manufacturing and engineering capabilities and strengthens its presence in the southeastern U.S. water utility, wastewater and industrial dewatering markets.

Motion & Control Enterprises (MCE), a Frontenac-backed industrial services platform, has acquired Piedmont Electric Motor Repair, Inc., a family-owned electric motor and crane repair provider based in Asheboro, North Carolina. The acquisition expands MCE's maintenance, repair and fabrication capabilities and will allow Piedmont to continue operating under its name with existing leadership.

MDWerks, Inc. (OTC: MDWK) has acquired RF Specialties, LLC, a provider of radio-frequency energy systems, engineering and equipment manufacturing used in wood, adhesives and food & beverage processing. MDWerks said the acquisition brings in-house technical expertise and manufacturing capability for its Sustainably Matured liquid maturation method (used by its Two Trees Beverage subsidiary), will increase capacity to meet demand, and will enable diversification and out-licensing opportunities across multiple industries; RF Specialties' founder Keith A. Mort will join MDWerks to continue overseeing the business.

Pye-Barker Fire & Safety has acquired two Greensboro, North Carolina-based security and alarm companies: Alarmguard Security, Inc. and Sentry Watch. The acquisitions expand Pye-Barker’s North Carolina footprint and add local teams that will continue to serve residential and commercial customers under the Pye-Barker platform.

Limbach Holdings, Inc. (Nasdaq: LMB) has acquired Industrial Air, LLC, a Greensboro-based specialty mechanical contractor, for an initial enterprise value of $13.5 million in an all-cash transaction with up to $6.5 million of contingent earn-outs. Industrial Air, founded in 1964, provides engineered air handling, air filtration and controls to industrial and textile customers and is expected to contribute roughly $30 million of revenue and $4 million of EBITDA annually; the deal expands Limbach's geographic footprint in the Carolinas and strengthens its industrial/institutional capabilities.

ETI Precision (Electrical Test Instruments, LLC) has acquired Accuserve, Inc., an ISO/IEC 17025:2017-accredited calibration laboratory in Huntersville, North Carolina. The deal deepens ETI Precision's presence in the Charlotte/Southeast US market and expands its accredited calibration capabilities and technician capacity across multiple instrument types, including new disciplines such as biomedical test equipment.

Plexus Capital has acquired Southern Elevator Group, a provider of elevator installation, maintenance, modernization and repair services, with financing support from Brightwood Capital Advisors. Brightwood provided debt financing to back the transaction, which Plexus says will position Southern to accelerate growth and enhance its service offerings across commercial, residential and institutional end markets.

Keswick Partners, a Tampa-based private equity firm, has acquired Metal Tech of Murfreesboro, a family-owned custom metal fabrication and industrial equipment maintenance provider based in Murfreesboro, North Carolina. The transaction, which closed in August, was advised by Bundy Group and represents a liquidity / succession outcome for the Felton family while positioning Metal Tech for growth under new ownership.

Keswick Partners completed a recapitalization of Metal Tech, a Murfreesboro, North Carolina-based equipment maintenance, repair and fabrication services provider, partnering with the company’s management. Midwest Mezzanine provided subordinated debt and equity to support Keswick’s investment; the transaction was represented by Bundy Group and involved owner Brock Felton transitioning ownership as part of the recapitalization.

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired Charlotte-based Pro-Pac International Inc. and sister company J&J Machinery Transport, Inc. The deal brings regional rigging, export crating and heavy-haul transportation capabilities into MEI's national platform and will keep Jim Jones (former co-owner and president) managing day-to-day operations for the acquired businesses.

Blue Sea Capital, a West Palm Beach-based private equity firm, has acquired Rhino Tool House, a Concord, North Carolina-based distributor of assembly tools and material handling solutions, from Wincove Private Holdings. The deal (terms undisclosed) will support Rhino Tool House's organic growth, geographic expansion across the U.S., and continued pursuit of complementary add-on acquisitions.

The Hiller Companies has merged with Unifour Fire and Safety, combining Unifour’s Southeast footprint with Hiller’s national fire and life safety services network. The combined business will operate as The Hiller Companies (with Unifour continuing to operate under its brand), expanding geographic reach, scale and service capabilities to better serve customers across the Southeast and beyond; terms were not disclosed.

The Conrad Company's GreasePoint division has acquired Lubromation, Inc., an automatic lubrication systems provider based in Charlotte, North Carolina; the deal closed April 7, 2023 with Generational Equity advising the seller. Lubromation will transition to The Conrad Company's GreasePoint brand over the following six months while maintaining a physical presence in the Greater Charlotte area, strengthening GreasePoint's lubrication service footprint across the Mid-Atlantic.

Ascent Lifting, a Shorehill Capital-backed distributor and fabricator of lifting and rigging products, completed the acquisition of Cargo Control USA on March 1, 2023. The add-on deal expands Ascent Lifting's product offering, production and warehouse capacity and extends its geographic reach into Sanford, North Carolina.

Westerwood Global acquired NSTAR Global Services effective February 1, 2023. The acquisition combines Westerwood's managed workforce solutions with NSTAR's asset relocation, facility and equipment services to create a broader asset lifecycle management and workforce solutions provider for the semiconductor and high-technology manufacturing industries.

Superior Environmental Solutions (SES), a Rosewood Private Investments portfolio company, has acquired Canton, North Carolina–based Mountain Environmental Services. The add-on expands SES’s geographic footprint into the Carolinas, Georgia and Virginia and broadens its environmental remediation, emergency response and industrial cleaning capabilities.

Kaho Partners formed holding company Addtronics and, through it, acquired Dynamic Design Solutions (DDS), a Charlotte-based custom robotic automation systems provider. The founder Brad DeMarco retained a meaningful ownership stake and the existing management team will continue to run DDS as part of Addtronics' buy-and-build strategy to scale robotic automation capabilities for U.S. manufacturers.

CPC, LLC has completed the acquisition of Component Sourcing International (CSI), a Charlotte, North Carolina-based global supply chain and sourcing specialist, from CSI's management team and Argosy Capital. CPC — a permanent-capital investment vehicle owned by family offices — will keep CSI’s existing leadership in place and pursue long-term growth and capability investments in the business.

Rosewood Private Investments portfolio company Eagle Fire Inc. has acquired Sisco Safety, a Charlotte-based provider of fire protection, inspection, testing, and life-safety services. The transaction is an add-on to Eagle Fire’s platform to expand its inspection, testing, service and construction capabilities across the Carolinas and broader Southeast.

Industrial Service Solutions (ISS) has acquired full ownership of Servo South, Inc., a U.S.-based electromechanical service provider specializing in servo motor, electronics and CNC machinery repair. The acquisition is an add-on to ISS's nationwide industrial services platform, expanding ISS's capabilities in industrial automation repair and field services across key facilities in the United States.

Crane 1 Services Inc. purchased the assets of Hoist & Crane Systems, Inc. (H&C) in an add-on acquisition announced April 29, 2022. The asset purchase, sponsored by private equity backer L Squared Capital, expands Crane 1's service footprint into the greater Charlotte / Carolinas market and brings nearly 30 H&C employees and fabrication, inspection and maintenance capabilities into the Crane 1 platform.

Nautic Partners has signed a definitive agreement to acquire Vallen Distribution (Vallen North America) from the Sonepar Group, with participation from Vallen management. The transaction is a carveout intended to transition Vallen to a standalone business and support management's growth plan and operational acceleration.

RoadSafe Traffic Systems, Inc. has acquired Clark Pavement Markings, Inc., a pavement marking and striping contractor based in Apex, North Carolina. The deal expands RoadSafe’s pavement marking footprint in the North Carolina market and is the platform’s second acquisition since RoadSafe entered a strategic partnership with Investcorp and Trilantic North America in April 2021.

Total Resource Management (TRM), a cloud-based enterprise asset management and IIoT solutions provider, acquired IDCON Inc, a Raleigh-based reliability and maintenance management consulting and training firm. IDCON becomes a wholly owned independent subsidiary of TRM, with Tor Idhammar remaining CEO and founder Christer Idhammar serving part-time; the deal combines IDCON's reliability expertise with TRM's EAM technology to expand capabilities and international reach.

Bessemer Investors has made a significant growth investment in Tencarva Machinery Company, a Greensboro-based distributor of pumps, flow control and process equipment. Tencarva's management, led by President Ed Pearce, will remain in place and employee-equity holders will retain meaningful stakes as Bessemer supports the company's next phase of growth.

Kaman Distribution Group (KDG) has acquired Integro Technologies, a Salisbury, North Carolina-based machine vision integrator and inspection company with over 50 employees and 30 degreed engineers. Integro will join KDG’s Kaman Automation business unit, expanding KDG’s machine vision, robotics and turnkey inspection capabilities across industries such as pharmaceutical, medical, automotive and aerospace; KDG is a portfolio company of Littlejohn & Co., LLC.

Impact Fire Services has acquired Blackstone Fire Control, a Greensboro, North Carolina-based full-service fire protection company. The deal establishes Impact Fire's first district office in North Carolina and expands the company's footprint and service capacity across the Southeast.

Boyne Capital and Breakwater North (via an affiliate of Breakwater North LLC), with debt and co-investment support from Main Street Capital Corporation, acquired a majority stake in Sonic Systems International, a Wilmington, North Carolina–based provider of mission-critical services to the commercial nuclear power industry. The investors intend to expand Sonic’s service offerings and capitalize on renewed growth in the nuclear power sector.

Sweeping Corporation of America (SCA) has acquired Major Clean, Inc., a Charlotte-based power-sweeping company, marking SCA's market entry into Charlotte, North Carolina. The acquisition expands SCA's regional footprint (complementing Winston-Salem, NC and Columbia, SC locations) and brings Major Clean's experienced local team into SCA's nationwide platform; terms were not disclosed.