Industrial Services Acquisitions in Ohio

Ryerson Holding Corporation and Olympic Steel, Inc. have completed a merger in which Ryerson issued 1.7105 shares of its common stock for each share of Olympic Steel, leaving former Olympic Steel shareholders with approximately 37% of the combined company. The transaction creates the second-largest North American metals service center, with expected annual synergies of about $120 million by early 2028 from procurement, scale, operational efficiencies, commercial enhancements, and footprint optimization.

Click Bond, a Carson City, Nevada-based manufacturer of adhesive-bonded fastening systems, has acquired Brighton Science, a Cincinnati-based surface intelligence and adhesion-measurement technology company. The acquisition (terms not disclosed) will pair Brighton’s Surface Analyst measurement tools and data capabilities with Click Bond’s engineering, manufacturing and aerospace assembly footprint to improve bonding reliability, R&D and customer solutions.

WILsquare Capital’s portfolio company, Automotive Color & Supply (ACS), has completed the acquisition of Smetzer Paint & Supply, a regional distributor of automotive and industrial paints based in northern Ohio. The add-on expands ACS’s Midwest footprint and service network as part of WILsquare’s strategy to build a scalable distribution platform in the automotive and industrial coatings market; terms were not disclosed.

GALLS has acquired Phoenix Safety Outfitters, a regional provider of fire PPE, uniforms, and related services based in Springfield, Ohio. The acquisition expands GALLS' footprint and service capabilities for fire departments and first responders, bringing Phoenix's distribution center, SCBA service center and mobile service fleet into GALLS' platform.

Kingsway Financial Services (via its Kingsway Skilled Trades platform) acquired AAA Flexible Pipe Cleaning Corporation (doing business as Advanced Plumbing and Drain) from the Fisco family, closing on August 1, 2025. The acquisition adds plumbing, sewer cleaning and waterproofing capabilities and municipal/commercial/residential end-market exposure to Kingsway's skilled-trades services portfolio.

Ashe Beach Companies, an independent sponsor based in the Chicagoland area, has acquired Superior Petroleum Equipment, LLC, a Grove City, Ohio–based petroleum equipment installation and service provider. The sale closed on June 10, 2025, and was advised by Generational Group.

Pfingsten, an operationally focused private equity firm, acquired American Cutting Edge (ACE), a distributor of consumable industrial knives, blades and razors with value‑added sharpening, etching and inventory management services. ACE is headquartered in Miamisburg, Ohio (with an additional facility in Akron) and will be scaled as a new platform investment to drive sales and marketing growth, product introductions and add-on acquisitions.

ORS Nasco, a portfolio company of Wynnchurch Capital, has acquired R3 Safety from Bunzl plc. The add-on expands ORS Nasco's PPE and safety product offering and national distribution capability to further serve industrial distributors across the U.S.

Brightstar Capital Partners has acquired W.W. Williams from One Equity Partners. W.W. Williams is a diversified aftermarket parts and service provider for commercial trucks, trailers, diesel engines, and power generation systems operating across 23 states with over 50 locations and more than 1,250 employees; senior management will retain an ownership stake.

Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired ACI Services, Inc., a longtime provider of engineered solutions and hardware for reciprocating compressors. The deal strengthens Cooper's compressor engineering, aftermarket parts and service capabilities and expands its ability to serve energy and industrial customers.

Pye-Barker Fire & Safety has acquired A1 Sprinkler & Systems Integration, a Miamisburg, Ohio-based fire protection, alarms and security services company that serves commercial and manufacturing customers in Ohio, Indiana and Kentucky. The acquisition expands Pye-Barker's full-service life-safety footprint in the Midwest and retains the A1 technician team to continue servicing regional customers.

Olympus Partners has acquired Accelevation LLC, a vertically integrated manufacturer and service provider for data center infrastructure, from LFM Capital. Financial terms were not disclosed; the transaction is the inaugural investment from Olympus Growth Fund VIII and follows LFM Capital's 2022 investment that helped scale Accelevation's manufacturing and service capabilities.

Aldinger Company, a Dallas-based calibration and metrology services provider, has acquired OCS Technologies, a fourth-generation calibration and testing firm headquartered in Cleveland. The acquisition expands Aldinger’s calibration capabilities and laboratory capacity to better serve aerospace, defense and manufacturing customers while maintaining continuity for OCS’s existing clients.

PSC Group, a portfolio company of private equity firm TJC LP, has acquired Delta Petroleum Company from Greif, Inc. The add-on expands PSC’s specialty chemical filling, warehousing and shipping capabilities across key petrochemical markets including Houston, Baton Rouge and Cincinnati, and brings Delta’s employees into PSC’s operations.

Southfield Capital has acquired TFS, Ltd., a Perrysburg, Ohio-based provider of material handling fleet management services, from OnPoint Group. Comvest Credit Partners provided senior secured financing to support the transaction; Southfield will retain the incumbent management team and re-invest returning executives to support growth and expand service and technology capabilities.

Motion & Control Enterprises (MCE), a Frontenac-backed supplier of fluid power, automation and rotating equipment solutions, has acquired Romanoff Industries, a Toledo, Ohio-based distributor of new, used and refurbished electric motors. Romanoff will continue to operate under its name with Jay Romanoff remaining in leadership; the deal expands MCE's motor distribution and service footprint across the U.S.

Levine Leichtman Capital Partners (LLCP) has acquired NSL Analytical Services from May River Capital. NSL, a Cleveland-based materials testing and analytical laboratory serving aerospace, advanced materials and electronics markets, will partner with LLCP and management to expand testing capabilities and geographic footprint; financial terms were not disclosed.

Copley Equity Partners made a strategic investment in OBR Cooling Towers, with OBR CEO Philip Poll and senior management retaining majority ownership and continuing to lead the business. The capital will support OBR's growth and acquisition strategy to expand its cooling tower repair, maintenance, and installation services across the U.S.

Industrial Service Solutions (ISS) has acquired full ownership of Electric Motor Technologies, LLC (EMT) effective May 1, 2024. The deal brings EMT's three Cincinnati facilities, leadership, and employees into ISS's national rotating- and process-equipment service platform, expanding ISS's presence and service capabilities in southern Ohio.

Graham Partners, a private investment firm focused on advanced manufacturing, has acquired E Tech Group, an industrial automation systems integrator headquartered in West Chester, Ohio, from Falfurrias Capital Partners. Graham intends to support E Tech's growth, expand its service capabilities and pursue additional targeted add-on acquisitions across attractive end markets including life sciences, data centers and consumer packaged goods/food & beverage.

OmniSource, a subsidiary of Steel Dynamics, acquired the assets of Toledo Shredding, LLC, a 30-acre scrap metal processing facility in Toledo, Ohio, from ProTrade Group. Brown Gibbons Lang & Company acted as exclusive financial advisor to Toledo Shredding on the transaction.

Reliance, Inc., a leading diversified metal solutions provider, has acquired MidWest Materials, a flat-rolled steel service center headquartered in Perry, Ohio. The transaction expands Reliance's North American service center footprint and capabilities in flat-rolled steel products sold into trailer manufacturing, agriculture, metal fabrication and building products markets.

Fleet Team, a fleet management and consulting firm based in Ohio, has acquired Forklift Training Systems of Newark, Ohio. The March 28, 2024 deal expands Fleet Team's offerings to include operator/trainer OSHA-compliant training and safety products, enhancing its safety and training capabilities for material-handling clients.

Los Angeles-based private equity firm Vance Street Capital has partnered with Keltec Technolab Inc., a Twinsburg, Ohio manufacturer of aftermarket compressed-air filtration components, to support the company's next phase of growth. The Kaiser family is retaining a significant ownership stake and will continue to lead Keltec; debt financing was provided by Apogem Capital and terms were not disclosed.

Foundation Investment Partners has acquired Spartan Tool Supply, a Columbus, Ohio-based distributor of industrial power tools and equipment. Spartan will continue to operate autonomously under new CEO Derek Elbaor with support from FIP to expand the team, enter new markets and grow the business.

Borgman Capital, a Milwaukee-based private equity firm, has acquired Technical Products, Inc. (TPI), a Cleveland-headquartered regional chemical distributor. Tom Perovsek will remain president; Borgman said the partnership will help TPI expand products, service levels and geography. Terms were not disclosed.

CertaSite, the Riverside-backed commercial fire protection and life safety platform, has acquired Fire Systems Professionals (FSP), a Grove City, Ohio-based fire systems and security services company. The deal is an add-on to Riverside’s CertaSite platform (the transaction is cited as the platform’s 24th add-on) and expands CertaSite’s Columbus-area footprint while preserving local leadership and enhancing cross-selling, training and service capabilities.

Crest Rock Partners, a Denver-based private equity firm, has made a control investment in Specialty Pipe & Tube (SPT), a value-added supplier of large-diameter, heavy-wall seamless pipe and tubing with locations in Mineral Ridge, Ohio and Houston, Texas. Crest Rock said it will partner with SPT's management to pursue growth opportunities, leveraging the company's broad inventory, technical expertise, and customer relationships.

Clarion Safety Systems, a manufacturer of safety labels, signs and machine safety services, has acquired Arrow Industrial Solutions, a machine guarding and safety compliance integrator. The acquisition expands Clarion's machine safeguarding, integration and consulting capabilities to better serve manufacturing and industrial customers across North America.

Pennsylvania Steel Company, Inc., a veteran‑owned full-line metals service center, has acquired Stark Metal Sales, a full-line steel service center based in Alliance, Ohio. Heritage Capital Group served as exclusive financial advisor to Stark; transaction terms were not disclosed. The deal expands Pennsylvania Steel's service center footprint and processing capabilities in the Ohio/Pennsylvania region.

CertaSite, a commercial fire protection and life safety company headquartered in Indianapolis, acquired Copp Systems, a Dayton, Ohio-based security and fire protection business. The deal brings all Copp employees into CertaSite and is intended to expand CertaSite's technology capabilities (access control, video surveillance, cloud-based monitoring) and its footprint in Ohio and the broader Midwest.

Main Street Capital Corporation provided $24.7 million in senior secured debt and a direct equity investment to recapitalize Compass Systems & Sales, LLC. The funding, made alongside an unnamed co-investor and the company's existing owner and management team, will support Compass's operations and long-term growth in material handling systems and services.

KLH Capital has partnered with the management team of Selinsky FORCE to complete a management buyout of the Canton, Ohio-based industrial services provider. The deal, completed in November 2023, makes Selinsky part of KLH Capital Fund V while management remains as shareholders to support continued growth and succession planning.

Gryphon Investors established a new platform, Thermal Technology Distribution Solutions (TTDS), and TTDS has completed the acquisition of Big Chief Inc., a Cincinnati-based distributor and fabricator of electric process heating and temperature control products. Management (including former President Terry Howe and former CCO Jeff Howe) will retain meaningful ownership; Gryphon plans to accelerate organic growth and pursue add-on acquisitions to scale the platform.

HighGround Restoration Group, a portfolio company of Trivest Partners, has acquired Allphase Roofing & Restoration, a Columbus, Ohio-based water damage restoration and roofing contractor founded by Hassan Ayoub in 2010. The add-on expands HighGround's footprint in Ohio and the Midwest and brings Allphase's capabilities in water damage restoration, roofing, mold remediation, and fire repair into the HighGround platform.

Peak Technologies, a portfolio company of Sole Source Capital, has acquired North Coast Technical, a Chesterland, Ohio-based provider of machine vision hardware and image processing software. The acquisition expands Peak's machine vision and AI capabilities to better serve manufacturing, logistics and retail customers; North Coast's founder and CEO Dave Sexton will remain in his role.

MPE Partners completed a recapitalization of Precision Pipeline, LLC, a Lancaster, Ohio-based provider of repair, replacement and maintenance services for gas, electrical, telecommunications and water utilities. The deal brings in MPE as the financial partner to support growth initiatives, including targeted M&A, with founder Matt Upp remaining as President and industry veteran Mark Crowson joining as CEO.

Palladium Equity Partners has acquired Superior Environmental Solutions (SES) from Rosewood Private Investments. SES, headquartered in Cincinnati, Ohio, provides industrial and environmental services including emergency response, hydro-blasting, vacuum truck services, product destruction, recycling and waste disposal across more than 25 locations and employs over 500 people; Palladium said it will partner with SES management to pursue organic and inorganic growth in a fragmented market.

Slate Capital Group, a private equity firm with offices in Baltimore, Nashville and Cincinnati, has acquired Cleveland-based Cumberland Diversified Metals, a value-added distributor and broker of specialty metals. The investment will add specialty metals distribution capabilities to Slate's lower-middle market portfolio and support Cumberland's growth plans across the U.S., Canada and Mexico.

DealerShop, Inc., together with its private equity partner Resilience Capital Partners, acquired Jobbers Automotive, a Cleveland-based full-service supplier to automotive dealerships and collision centers. The deal expands DealerShop's national footprint and product offering for franchised dealerships and independent service centers across North America; Jobbers will operate as part of the DealerShop family.

Addtronics, a Kaho Partners‑backed holding company focused on robotic automation solution providers, has acquired Bow Robotics, a West Chester, Ohio firm that provides spare parts, rebuild & repair services, and preventative maintenance for industrial robots. Bow's founder William "Bill" Bow will remain as President as the business becomes the third addition to the Addtronics platform, expanding the platform's aftermarket parts and services capabilities.

Hydrotech, Inc. has acquired Isaacs Fluid Power Equipment Company, a Mason, Ohio-based distributor of pneumatic and vacuum products. Isaacs (37 employees) will operate as a division of Hydrotech, expanding Hydrotech's geographic reach and technical capabilities across the U.S. Midwest; deal terms were not disclosed.

BICO Steel, a portfolio company of Validor Capital, has acquired RE Metal Finishing (renamed BICO Metal Finishing), a Kent, Ohio-based provider of steel peening and metal finishing services. The acquisition expands BICO’s steel processing and fabrication capabilities across its Ohio and Michigan locations; terms were not disclosed.

Pye-Barker Fire & Safety has acquired Shiver Security Systems, Inc. (dba Sonitrol of SW Ohio), adding two locations in Cincinnati and Dayton and marking Pye-Barker’s first entry into Ohio and its 150th+ branches. The deal brings Shiver’s alarm, access control, CCTV, intrusion and fire detection capabilities into Pye-Barker’s national fire, life-safety and security platform and preserves the existing Shiver team under Pye-Barker’s ownership.

Pavion (PE-backed by Wind Point Partners) has acquired Turnkey Technology, a Cincinnati-based provider of video surveillance, access control, fire alarm, structured cabling, networking and wireless solutions. The acquisition is an add-on that expands Pavion’s fire, security and integration capabilities and footprint across the U.S. Midwest.

The Facilities Group, a PE-backed national facilities platform affiliated with Greenbriar Equity Group and Revolent Capital Solutions, has partnered with Ohio Support Services and Ohio Custodial Management — regional providers of security and janitorial services based in Columbus, Ohio. The add-on expands The Facilities Group’s service footprint and adds security capabilities while allowing OSS and OCM to retain their local culture and operations.

Galco Industrial Electronics, Inc. has acquired Zesco, Inc., a regional automation solutions provider based in Brecksville, Ohio. The deal expands Galco's product catalog and drives/motion control market share while adding regional service and technical capabilities for customers in Ohio, Pennsylvania and West Virginia.

BMH Equipment, LLC (Washington, D.C.) has acquired an Ohio-based forklift dealership as part of its strategy to expand its material-handling dealership footprint and capabilities. Calder Capital served as buy-side advisor; transaction terms and the seller identity were not disclosed.

Mill Steel Co. has acquired Cleveland Metal Exchange (CME) and Chicago Stainless Metal Exchange to expand into the stainless steel and aluminum flat-rolled markets. The acquisitions bring CME's experienced team into Mill Steel and enable immediate supply and processing support for manufacturing, automotive, and construction customers across the U.S.; transaction financial terms were not disclosed.

MSC Industrial Supply Co. acquired Buckeye Industrial Supply Co., a Columbus, Ohio-based metalworking distributor, and Tru-Edge Grinding Inc., a St. Henry, Ohio-based custom tool manufacturer. The two businesses (combined estimated 2022 revenue of $28 million and ~80 associates) will continue to operate under their current names as MSC companies and expand MSC's metalworking and manufacturing capabilities in the Midwest.