Industrial Services Acquisitions in Utah

Pavement Preservation Group (PPG), a portfolio company of The Sterling Group, acquired Holbrook Asphalt, LLC and Integrated Pavement Solutions, LLC to expand its national pavement preservation platform. The deal broadens PPG’s geographic footprint across the Intermountain West, Southwest and Southern United States and adds IPS’s HA5 product line and related preservation capabilities to the platform.

Thorpe Specialty Services, a KLH Capital–backed industrial services platform, has acquired Streamline Industrial Services, LLC of Salt Lake City, Utah. The add-on expands Thorpe’s geographic footprint into the Mountain West and specialty minerals & mining end market while adding refractory, corrosion, fireproofing, specialty coatings, and mechanical capabilities to its service offering.

Atlas-SSI, a Monticello, Mississippi–based provider of water management solutions, has acquired WTR Engineering, a mechanical water filtration specialist. The deal adds WTR's century-long technical expertise in intake screens, headworks and debris-handling equipment to Atlas-SSI's product and services portfolio, enhancing the buyer's capabilities across municipal, industrial and utility end markets.

Nwestco, a Denver-based provider of fuel and car wash equipment and services owned by Guardian Capital Partners, has acquired Petro West, a fuel services and equipment provider serving Utah, Nevada and Arizona. The deal closed July 31, 2025 with terms not disclosed and is intended to expand Nwestco's presence and capabilities in the Intermountain region.

Integrated Power Services (IPS), a Greenville, South Carolina-based provider of electromechanical and power management services, acquired Tram Electric, Inc., a Price, Utah-based electromechanical repair and remanufacturing company, effective April 1, 2025. The deal expands IPS's electromechanical and power management service network across the western United States and adds Tram Electric's four-location service footprint and remanufacturing capabilities to IPS's nationwide platform.

RoadSafe Traffic Systems, a Chicago-based provider of infrastructure safety services backed by Investcorp and Trilantic North America, has acquired Utah-based All Star Striping. The deal adds All Star's specialized pavement- and airport-striping capabilities to RoadSafe's operations in the Salt Lake Valley and surrounding states as an add-on to its platform.

Wheeler Machinery Co., a Salt Lake City-based Caterpillar dealer, has acquired Utah-based Diamond Equipment & Tool Rental. The acquisition expands Wheeler’s Cat Rental Store footprint across Utah, enlarges its fleet and product offering, and integrates Diamond’s employees, trucks and equipment into Wheeler’s Rental Store division.

RDO Equipment Co. (Fargo, North Dakota) has acquired Rocky Mountain Transit & Laser, a regional provider of surveying and construction positioning equipment and services. The deal brings Rocky Mountain Transit & Laser employees into RDO, will rebrand locations in Las Vegas and Salt Lake City as RDO construction technology stores, and expands RDO's construction-technology capabilities across its recently acquired Mountain-region John Deere and WIRTGEN GROUP stores.

Wincove Private Holdings, with participation from Ironwood Capital, recapitalized and provided growth capital to Elite Equipment Rental, LLC and its subsidiary Elite Parts, LLC. The transaction funds fleet growth, parts inventory and geographic expansion while Founder and President Chris Chapman remains in his leadership role.

American Industrial Partners (AIP) completed a court-approved take-private acquisition of Boart Longyear Group Ltd., acquiring all outstanding shares and taking the company private. AIP said it will partner with Boart Longyear management to deploy operational capabilities (product engineering, aftermarket, procurement, LEAN, IT, finance) and invest to accelerate growth in the company's drilling services, equipment manufacturing, and orebody-knowledge technology businesses.

Argosy Private Equity has acquired a controlling interest in Wize Solutions, a Salt Lake City–based full-service warehouse racking, automation, and dock & door installation company. Argosy will deploy its Value Acceleration Methodology to expand sales and marketing, improve processes and technology, pursue strategic hiring, and evaluate add-on acquisitions to drive growth.

Pye-Barker Fire & Safety has acquired AAA Fire Safety & Alarm, a Layton, Utah-based fire protection and alarm company, expanding Pye-Barker’s presence across the Intermountain West. The acquisition brings AAA’s 24-hour service, inspection, maintenance, repair, design and installation capabilities into Pye-Barker’s national platform to strengthen service and market share in Utah.

Brookside Capital Partners provided subordinated debt and an equity co-investment in American Equipment Solutions (AES) to support an add-on acquisition by AES, an existing Rotunda Capital Partners portfolio company. AES, headquartered in Salt Lake City, Utah, is a leading provider of overhead crane/hoist, weighing and measurement solutions with more than 60 locations serving over 8,000 customers across the United States.

Patriot Capital provided subordinated debt and an equity co-investment to support an add-on acquisition by American Equipment Solutions, a portfolio company of Rotunda Capital Partners. American Equipment Solutions, headquartered in Salt Lake City, Utah, is a leading independent provider of overhead crane and hoist, weighing and measurement solutions with a nationwide footprint of more than 60 locations and over 8,000 customers.

Groome Industrial Service Group, a portfolio company of Argosy Private Equity, has acquired Blasting Solutions, Inc. (BSI), a Syracuse, Utah-based provider of controlled explosive blasting services for boiler deslagging. The add-on expands Groome's capacity and west coast footprint and strengthens its service offering into coal-fired and biomass power plant markets while supporting demand for its KinetiClean HRSG/tube-cleaning service.

Summit Fire & Security LLC, a subsidiary of SFP Holding, Inc. (Summit Companies), has completed the acquisition of Professional Systems Technology, Inc. (PST). The acquisition brings PST's low-voltage, fire alarm, life-safety, access control and AV expertise into Summit's Salt Lake City team to expand capabilities and service coverage in the intermountain West.

GNCO, Inc. acquired Intermountain Lift Truck effective November 1, 2022, expanding GNCO’s footprint in the Intermountain West. Intermountain Lift Truck will remain under local management and will leverage GNCO resources to enhance parts, service, rental and technician capabilities across Utah and neighboring states.

Quench USA, Inc., a Culligan company based in King of Prussia, Pennsylvania, has acquired Pure Water Solutions of America, a Wellsys dealer operating across five U.S. states (Utah, Nevada, Arizona, Idaho and Washington). The acquisition — Quench's largest dealer purchase to date — increases Quench's market density in Salt Lake City, Las Vegas, Phoenix and Boise and brings Pure Water Solutions' customers and operations into Quench's dealer network.

H.I.G. Capital (through an affiliate) signed a definitive agreement to acquire Terra Millennium Corporation, a national provider of outsourced industrial maintenance services headquartered in Salt Lake City, Utah. The transaction — previously backed by Court Square Capital Partners — positions Terra Millennium to accelerate geographic expansion, broaden its service offerings and pursue add-on acquisitions under H.I.G.'s ownership; the deal was expected to close in Q2 2022.

Tendit Group, a portfolio company of Osceola Capital, has acquired Salt Lake City–area Birrell Services, a provider of commercial pressure washing, snow removal, parking lot sweeping, striping, landscaping and other exterior facility services. The add-on expands Tendit Group’s geographic footprint into Utah and broadens its exterior facilities services coverage across the Mountain West.

Mountain Regional Equipment Solutions, MRES Imports LLC and PIRTEK Salt Lake City, Inc. merged into a new holding company, MRES Holdings, Inc., to combine sales, marketing and operating efforts across vocational and industrial end markets. The merger closed on August 5, 2021 and the combined organization will continue to operate under the individual brands while integrating service, distribution and mobile hydraulic/hose capabilities to reduce equipment downtime and life-cycle costs for customers.

LINC Systems, the industrial fastener and packaging distribution platform backed by Center Rock Capital Partners, has acquired Air-O Fasteners, a family-owned distributor based in the Salt Lake City area. The add-on acquisition expands LINC's presence in the Western U.S. and deepens its footprint in construction and general industrial end markets.

PROtect, LLC, a portfolio company of Spire Capital Partners, has acquired Riccardelli Consulting Services, Inc. (RCS), a Lehi, Utah–based provider of advanced and conventional non-destructive testing focused on pipeline integrity for the midstream oil & gas industry. The bolt‑on acquisition expands PROtect's advanced NDT and pipeline integrity capabilities; RCS owner Sean Riccardelli will join the combined management team. Both companies will retain existing employees and continue operating under their current brands.

Rotunda Capital Partners has partnered with the management teams of American Equipment, Pacific Crane & Hoist and Allied Crane to form American Equipment Holdings, a consolidated overhead crane and hoist solutions platform serving the Western United States. Patriot Capital provided a debt and equity co-investment; management (including Adam Zimmerman, Michael Perera and Dave Costa) retains equity and operational roles while the combined company operates 14 locations and serves over 2,000 customers across eight states.

RoadSafe Traffic Systems has acquired Innovative Marking Systems (IMS), a Bluffdale, Utah-based provider of roadway striping, paint pavement markings and sign installation services. The deal is an add-on to RoadSafe (a platform backed by ORIX Capital Partners) and expands RoadSafe's geographic footprint and service capabilities in the Mountain West and Utah market.

Area Wide Protective (AWP), a North American traffic control services provider, acquired Utah-based Traffic Safety Rentals (TSR) to expand its presence in the Salt Lake City and Ogden markets. The acquisition advances AWP's national growth strategy by strengthening its service footprint for utility, roadway maintenance and construction customers in the western United States.

American Track Services, a Hilltop Private Capital portfolio company, acquired the track inspection, maintenance and repair operations of Savage Industrial Rail Services (Savage Track Services). The add-on expands ATS's geographic footprint and capabilities with locations in Colorado and Utah (and operations across Louisiana, Wyoming and Colorado), broadening service coverage for mines, refineries, manufacturing sites and other industrial customers.

Pioneer Metal Finishing, a portfolio company of Aterian Investment Partners, has acquired Pilkington Metal Finishing, a Salt Lake City-based outsourced metal finisher. The add-on expands Pioneer's scale and capabilities (anodizing, powder coating, wet coating, NDT, heat-treating) and deepens its presence in aerospace & defense and medical device end markets.

Summit Companies, a CI Capital Partners–backed fire and life safety platform, has acquired Chaparral Fire Protection, adding locations in Salt Lake City and St. George, Utah. The transaction is an add-on to Summit's roll-up strategy to increase geographic density across the Western U.S.