Tracked deals
9
9 tracked deals across 2020-2026.
Tracked deals
9
9 tracked deals across 2020-2026.
Buyer mix
Mixed buyer set
9 strategic · 5 pe
Top trend
Volume peaked in 2024
3 tracked deals announced in 2024.
Primary Insight
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Find buyers actively acquiring industrial services companies.
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Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Energy Services of America Corporation | 2 | A publicly traded contractor and service company providin... | Strategic |
| 3Phase Elevator | 1 | Independent elevator and escalator maintenance, repair, m... | Strategic (PE-backed) |
| Berkshire Partners | 1 | Boston-based private equity firm investing in business se... | PE |
| Bessemer Investors, LLC | 1 | Middle‑market investment firm providing flexible private ... | PE |
| CITCO Water | 1 | Regional provider and platform for end-to-end water and w... | Strategic (PE-backed) |
| Good Springs Capital LP | 1 | Private investment firm partnering with founders and mana... | PE |
| Investcorp | 1 | Global alternative investment manager focused on private ... | PE |
| Jennmar | 1 | Global provider of infrastructure products and specialize... | Strategic (PE-backed) |
| Jennmar Services | 1 | Jennmar subsidiary providing contract labor and customize... | Strategic (PE-backed) |
| Nitro Construction Services | 1 | Full‑service electrical and mechanical construction servi... | Strategic |
Last 5 years
Supporting Data
Good Springs Capital LP (entities managed by Good Springs) completed an investment in Snyder Environmental Services (SES), a West Virginia-based contractor focused on water, stormwater, and wastewater infrastructure. The deal supports SES’s continued growth, with founder Lee Snyder and CEO Brandon Duriez continuing to lead the business.
CITCO Water acquired Pump & Process Equipment, Inc. and Legacy Environmental Process, LLC to expand its Southeast presence and deepen its end-to-end water and wastewater equipment and treatment capabilities. The acquisitions strengthen CITCO Water’s platform serving municipalities, utilities, engineers, contractors, and industrial customers across the full water lifecycle.
Investcorp has acquired Kanawha Scales & Systems (KSS) from American Equipment Holdings, a portfolio company of Rotunda Capital Partners. Headquartered in Poca, West Virginia, KSS provides calibration, maintenance, repair and automated weighing solutions across multiple industrial end markets; Investcorp said the investment will support growth (including strategic M&A) and implement an Employee Ownership Plan for KSS employees.
Jennmar, a FalconPoint Partners portfolio company, has acquired Rohrig Heavy Equipment Maintenance, LLC to expand the service offerings of its Jennmar Services (JMS) business. JMS will assume Rohrig's customer agreements and continue operating Rohrig's existing facilities; terms were not disclosed.
Energy Services of America Corporation, through its subsidiary Nitro Construction Services, has acquired Heritage Painting, LLC, an industrial and commercial painting contractor operating in West Virginia and surrounding areas. The acquisition adds industrial/commercial coating and floor-coating capabilities to Energy Services/Nitro’s service offering and expands its services into Heritage’s existing end markets, including fabrication and oil & gas.
Turnspire Capital Partners LLC (through an affiliate) has acquired Swanson Industries, a Morgantown, West Virginia–headquartered provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment and hydraulic cylinders. The transaction includes Swanson’s controlling stake in Tiefenbach North America and is intended to support operational improvements, capability expansion, and strategic growth under Turnspire’s partnership with management.
Tencarva Machinery Company, backed by Bessemer Investors, has acquired Tri-State Coating & Machine, a Salt Rock, West Virginia-based provider of specialized thermal coating services and rotating equipment repair. The deal will add thermal spray coating capabilities to Tencarva's value‑added service offerings; Tri-State's founder David Thompson will retire and existing management and employees will remain with the business.
3Phase Elevator has merged with West Virginia Elevator, bringing the West Virginia market leader into 3Phase's platform as part of a national expansion strategy following an investment from Berkshire Partners. West Virginia Elevator founders Dustin Bozek and Chris Bradley will continue to lead and remain owners while the combined business expands service capabilities and geographic reach.
Energy Services of America Corporation formed a wholly owned subsidiary, West Virginia Pipeline Acquisition Company, and entered an asset purchase agreement to acquire substantially all assets of WV Pipeline, Inc. for $3.5 million cash plus a $3.0 million seller note; the transaction was expected to close December 31, 2020. The acquisition expands Energy Services' capabilities and geographic presence in gas and water distribution utility services in southern West Virginia, and WV Pipeline's leadership (David and Daniel Bolton) will remain with the business.
Find buyers actively acquiring industrial services companies.
Deals highlighted include water and wastewater infrastructure contractors, equipment maintenance and repair providers, calibration/weighing solutions businesses, and specialized coating and industrial painting services.
Recurring names include Energy Services of America Corporation, Good Springs Capital LP, CITCO Water, Investcorp, Tencarva Machinery Company, Bessemer Investors, LLC, Jennmar, Turnspire Capital Partners, and 3Phase Elevator (among others listed on the page facts).
They focus heavily on services and capabilities. Examples include end-to-end water lifecycle equipment and treatment capabilities, calibration/maintenance/repair, heavy equipment maintenance, and thermal coating and industrial/commercial painting.
In several cases, the page facts note continuity—such as founders or existing management remaining with the business after closing (for example, Snyder Environmental Services (SES), Kanawha Scales & Systems, Rohrig Heavy Equipment Maintenance, and West Virginia Elevator).