Industrial Services Acquisitions in Tennessee

Investcorp has acquired Guardian Fire Services, a Nashville-based provider of fire protection and life safety services, from Northern Lakes Capital. Guardian operates 17 branches across the U.S., serving commercial, industrial, healthcare and educational customers; management will remain meaningful shareholders as Investcorp supports the company's continued growth.

U.S. Dock & Door (a portfolio company of Soundcore Capital Partners) has completed an investment in The Total Garage Store, adding the Tennessee-based garage door platform to its operating portfolio. The transaction, completed November 6, 2025, expands US Dock & Door’s footprint in the Southeast/Northeast and was advised by XLCS Partners on behalf of TGS.

Opifex-Synergy, backed by Avance Investment Management and funds managed by BlackRock, has acquired Equipment Finders, Inc., a Nashville-based independent equipment rental provider. The add-on expands Opifex-Synergy’s national footprint into the Nashville market (making it the 7th largest general rental business in the U.S.) and EFI founder Scott Hatcher will join Opifex-Synergy as Vice President of Corporate Development.

Zeus Fire and Security, a platform company backed by Access Holdings, announced a partnership to bring Gallaher & Associates into the Zeus platform, expanding Zeus' footprint into Tennessee and the Southeastern U.S. Gallaher, a life-safety and low-voltage systems provider founded in 1973 and headquartered in the Knoxville area, will join Zeus to leverage expanded resources, technology and a national support network.

Chicago-based private equity firm Shore Capital Partners has completed a growth partnership with Dillard Companies, a Memphis-based provider of commercial doors, gates, security, and access control solutions. Shore will support Dillard with capital, board and operating resources and management changes to accelerate technology adoption, service capabilities, geographic expansion and targeted add-on activity.

Pritzker Private Capital completed the acquisition of Buckman, a family-owned provider of specialty chemicals and integrated services for water treatment and industrial processes. Pritzker will partner with Buckman’s family and management to provide financial resources and operational support to drive global expansion, product innovation and growth initiatives while Junai Maharaj remains CEO.

Vontier Corporation has acquired Sergeant Sudz (Sgt. Sudz), a provider of smart motor control center (MCC) technology and tunnel automation for car wash operators. The deal integrates Sgt. Sudz’s industrial automation and MCC expertise with Vontier’s DRB car wash software, POS and data analytics to deliver an end-to-end digital solution for tunnel car wash operators; terms were not disclosed.

David Brogdon and his partners have purchased a majority stake in Systems Spray-Cooled (a business unit of The Systems Group), with The Systems Group owners Lee & Kyle Morgan retaining 35% ownership. The investment is intended to fund accelerated global expansion of SSC's spray-cooled electric arc furnace technology while SSC continues to operate as part of The Systems Group.

Galco Industrial Electronics has acquired Brozelco, Inc., a Tennessee-based industrial automation solutions provider. The acquisition expands Galco's industrial automation, system integration, and engineering capabilities while Brozelco continues operating under its name and leveraging Galco's distribution, e-commerce, and repair services.

Cleanova, a PX3 Partners-backed filtration platform, is acquiring Micronics Engineered Filtration Group from Vance Street Capital. The combination creates an expanded global filtration business that pairs Micronics' strong North American presence and air-filtration capabilities with Cleanova's EMEA footprint and liquid-filtration expertise; the deal is expected to close in Q2 2025.

Guardian Alarm has acquired Frase Protection, a Memphis-area security provider, expanding Guardian Alarm's footprint into Tennessee and Mississippi. The deal will retain the Frase Protection name and bring the company's residential and commercial customers under Guardian Alarm's management to extend monitoring, installation and security services in the Southeast.

Triad Service Solutions, a facilities maintenance provider backed by Tide Rock YieldCo, has acquired Brite Solutions, a nationwide facility maintenance specialist for transportation, logistics and warehousing facilities. The add-on expands Triad’s national footprint, subcontractor network and capabilities for 24-hour operations across 46 states, enabling cross-selling of services and accelerated growth.

M&D, a U.S.-based aftermarket diesel parts distributor and remanufacturer, has acquired DSS ProDiesel Partners, LLC (ProDiesel), a fuel injector remanufacturer for Class 7 and 8 engines. The deal adds two Tennessee branches (Nashville and Johnson City), expands M&D's national footprint and strengthens its fuel-injection remanufacturing capabilities across North America.

Funds managed by Apollo's Impact and Clean Transition strategies have acquired a majority stake in The State Group from Blue Wolf Capital, with Blue Wolf and existing management retaining minority ownership. The State Group, headquartered in Franklin, Tennessee, is a multi‑trade industrial services contractor providing electrical, mechanical, robotics and automation services across industrial end markets; Apollo said the investment will support capability expansion and the company's role in the energy transition.

MEI Rigging & Crating, a portfolio company of Olympus Partners, has acquired Dalrymple Rigging and Transport, a Chattanooga, Tennessee-based machinery moving and transport specialist. The add-on expands MEI's footprint into Tennessee and strengthens its operations across the Southeast; financial terms were not disclosed.

Integrated Global Services, Inc. (IGS) has acquired the engineered coatings and materials business (the "Coatings and Materials Business") of Liquidmetal Industrial Solutions. The Chattanooga-based business, which specializes in high-performance thermal spray application services and materials (including patented Armacor technologies), will join IGS to expand its asset integrity and surface enhancement capabilities; Liquidmetal will continue to operate its remaining mechanical and inspection services.

Kept Companies has acquired CarePro National Painting, a Nashville-based commercial painting and graphics installation provider. CarePro will remain headquartered in Nashville and will leverage Kept's nationwide, self-performing fleet and facilities services network to expand commercial painting capacity and service offerings.

San Francisco Bay Area-based private equity firm Salt Creek Capital has acquired Pioneer Industrial Sales, a distributor of power transmission, MRO, material handling and packaging products. The founders Chris Price and Jerry Nowlin will transition leadership to incoming CEO Hank Pennington as Salt Creek works with management to expand the business and pursue growth opportunities across its customer base and product portfolio.

Silver Oak Services Partners led a recapitalization of Quality Liaison Services (QLS), partnering with QLS senior management and other co-investors. Headquartered in Hendersonville, Tennessee, QLS provides supplier representation, inspection & containment, repair & rework, and quality engineering services to OEMs and suppliers across North America; management will remain in place and retain a significant ownership stake as Silver Oak provides capital to support growth and service expansion.

Dallas-based private equity firm CenterOak Partners completed a majority recapitalization of Guardian Access Solutions, a Nashville-headquartered provider of design, installation, maintenance, and repair services for exterior access control systems across the Southeastern U.S. The transaction transfers majority ownership from Brixey & Meyer Capital to CenterOak, with Guardian's management team remaining in place and plans to pursue accelerated organic growth and add-on acquisitions to expand the company's service footprint.

Bluehenge Capital Partners provided debt financing to support a management buyout of Alliance Distribution Partners, LLC, a Hendersonville, Tennessee-based industrial, welding and specialty retail supplies distributor. The existing management team remains in place and will pursue organic growth opportunities while continuing service to existing customers.

BlackHawk Industrial, a portfolio company of TruArc Partners, has acquired Stock'd Supply, a Chattanooga-based distributor of fasteners and value-added industrial services. The add-on expands BlackHawk's national footprint with Stock'd's nine locations and ~101 employees, enhancing its technical services, VMI and supply-chain capabilities; financial terms were not disclosed.

Diploma PLC has acquired Tennessee Industrial Electronics (TIE), a LaVergne, Tennessee-based provider of refurbished parts and repair services for CNC systems and robotics, from Summit Park. The acquisition gives Diploma expanded aftermarket, parts distribution and repair capabilities in industrial automation across North America.

Sverica Capital Management acquired Hirebotics, a Nashville-based developer of collaborative welding robots and cloud-based robot software, with unitranche debt and an equity co-investment provided by Five Points Capital to support the transaction. The investment is intended to accelerate Hirebotics' growth in the welding automation market and enable expansion into adjacent manufacturing use-cases.

Commercial Metals Company (CMC) acquired all assets of metal recycling company Roane Metals Group LLC, which operates two facilities in Tennessee capable of processing approximately 85,000 tons of ferrous and non-ferrous materials annually. The acquisition is intended to enhance the security and supply of competitively priced scrap inputs to CMC's steelmaking operations.

Rosewood Private Investments' holding company StationServ Holdings acquired The Southern Co., Inc. (SoCo), a Memphis-based petroleum equipment distributor; SoCo will operate as a subsidiary of StationServ and the Scott family (Eric and Jason Scott) will remain involved in day-to-day operations. The add-on expands StationServ's service capabilities and densifies its Mid-South footprint across sales, construction, service, electrical and environmental compliance testing for petroleum and industrial customers.

SFW Capital Partners completed a majority recapitalization of RDI Technologies, with founder and senior management reinvesting to retain a meaningful equity stake. RDI, a Knoxville-based provider of vision-based analytical solutions for predictive maintenance and test & measurement, will partner with SFW to accelerate growth, expand product and sales capabilities, pursue add-on acquisitions, and build an international footprint.

APPLIED Adhesives, a Minnetonka-based value-added adhesive distributor, has completed the acquisition of Bird Song Adhesives, Inc., a regional specialty adhesive supplier in Madison, Tennessee. The deal expands APPLIED's regional footprint and technical capabilities, bringing Bird Song's longstanding customer relationships into APPLIED's service network.

Chicago-based private equity firm Rock Gate Partners led a recapitalization of Perimeter Security Partners (PSP) in partnership with True West Capital Partners, The Agnew Company and PSP founders Wes Foss and Ken Grant. The transaction provides capital to support PSP’s continued organic growth and a platform for selective add-on acquisitions and capability expansion in perimeter and physical security.

ML Utilities, a subsidiary of ML Holdings Company, has acquired Spring Hill, Tennessee–based Utility Equipment Service, Inc. (UES) to expand its footprint and service capabilities in Middle Tennessee. The acquisition adds UES's shop repair, sales, rentals, parts and upfitting capabilities to ML Utilities' existing mobile and shop offerings, enabling broader support for utility fleet owners across the region.

Nonantum Capital Partners, a Boston-based middle-market private equity firm, has acquired Helix Traffic Solutions, a leading U.S. provider of traffic management services, equipment rental, and sign installation. The investment will support Helix’s national expansion strategy and continued roll-up of founder-led traffic service businesses across the United States.

Allied Industrial Partners LLC (AIP) acquired CAT Entertainment Services—a portable/mobile power generation, distribution and temperature control business carved out from Ring Power Corporation—and will rebrand the business as CES Power. Ring Power will retain a minority stake; AIP plans to grow the business as a standalone platform and pursue organic expansion and add-on acquisitions to accelerate growth.

Adaptec Solutions, a portfolio company of Wincove Private Holdings, has acquired Integrated Solutions, LLC, a Memphis-based provider of custom engineered-to-order material handling equipment and complex conveyor systems. The add-on expands Adaptec's conveyor capabilities, adds an attractively located facility in Memphis, and broadens regional service coverage.

The Stephens Group, LLC has acquired Kele, Inc., a Memphis-based distributor of building automation peripherals and controls. Snow Phipps Group completed the sale after owning Kele since 2015; terms were not disclosed. The Stephens Group positions Kele as a platform to capitalize on trends in building automation and pursue organic growth and acquisitions.