Industrial Services Acquisitions in Wisconsin

Tavoron, a PE-backed national automation and industrial systems platform, has acquired Doig Corporation, a factory automation distributor headquartered in Cedarburg, Wisconsin. The add-on expands Tavoron's automation distribution capabilities and strengthens its presence across the Upper Midwest, while Doig will continue operating from its Cedarburg location under the Tavoron brand.

Trivest Partners has announced a partnership and platform investment in Vannguard Utility Partners, a DeForest, Wisconsin-based provider of contract utility locating and damage-prevention services. Vannguard will continue to be led by founder and CEO Randy Bern, and Trivest will support the company's next phase of growth across the Midwest and beyond; NCP, Inc. served as financial advisor to Vannguard.

Superior Environmental Solutions (SES), a Palladium Equity Partners-backed provider of environmental and industrial services, has acquired Hydroblasters Inc., a Wisconsin Rapids-based industrial services firm. The add-on deal expands SES’s footprint and service capabilities in Wisconsin and across the Midwest; financial terms were not disclosed.

Main Street Capital Corporation provided $42.5 million in a minority recapitalization of Doral Corporation, funding the deal with a mix of first-lien senior secured term debt and a direct equity investment. The transaction partners Main Street with Doral's existing owner to support the Milwaukee-based industrial contractor's operations and growth.

All World Machinery Supply, a Roscoe, Illinois-based machinery supplier and solutions provider, has acquired CNC Solutions of Johnson Creek, Wisconsin. The acquisition adds robotics integration and the preconfigured 10DER machine-tending system to All World's workholding and hydraulic offerings, enabling turnkey automation solutions for manufacturers.

Express Elevator, a division of Elevator Service, Inc. (ESI), has acquired Ascend Elevator, an independent elevator service provider based in Brown Deer, Wisconsin. The add-on expands Express Elevator/ESI's service footprint in the Milwaukee area and brings Ascend's customers and capabilities into the Express & ESI network.

EVI Industries, Inc. (EVI) has completed the acquisition of Girbau North America (GNA), a master distributor and service provider of commercial and industrial laundry equipment. The transaction expands EVI’s distribution and service network across North America, preserves GNA’s existing leadership and Girbau partnership, and is expected to materially increase EVI's market position and operating income.

Beary Landscaping, a portfolio company of Silver Oak Services Partners, has acquired MJS Landscaping Services, a provider of landscape management, snow removal and design/build services based near Milwaukee, Wisconsin. The add-on expands Beary's geographic footprint in Wisconsin and strengthens its recurring commercial landscaping capabilities while retaining MJS's staff and brand.

Lakeshore Family Partners, a family-owned holding company based in Jackson, Michigan, acquired a minority stake in Walt's Petroleum Service, a petroleum equipment distribution, installation, and service provider headquartered in Wausau, Wisconsin. The transaction, closed October 25, 2024, is framed as a strategic partnership to support growth, preserve family-owned values, and expand operational capabilities across the Upper Midwest.

General Pump Company (GPC) announced a merger with Water Well Solutions (WWS), combining regional market leaders in water-well and pump services to scale operations and share technical resources. The partnership is backed by Sylmar Group, a water-focused investment firm, to support geographic expansion and continued nationwide growth while both companies retain their brand identities.

Kundinger, a fluid power and process control distributor, has acquired Control Concepts Technology Enterprises (CCT), a Schofield, Wisconsin-based designer and builder of control systems. Terms were not disclosed; the deal includes a Schofield-based Parker Store and expands Kundinger's presence and service capabilities across Wisconsin.

Painters USA has acquired Lakeside Painting to expand its commercial and industrial painting, floor coating and industrial cleaning capabilities in Wisconsin. The deal brings Lakeside Painting's regional team and experience into Painters USA's national platform, with Lakeside owner Joe Pangburn endorsing the move as an opportunity to better serve clients and pursue larger projects.

Aldinger Company, a Dallas-based provider of precision measurement and calibration services, has acquired Quality Control Services (QCS), an A2LA‑accredited metrology and calibration lab established in 1974. The acquisition expands Aldinger's calibration and quality-assurance capabilities and extends its geographic footprint and service offerings across aerospace, manufacturing and pharmaceutical end markets.

An affiliate of Angeles Equity Partners has acquired Acieta LLC, a Midwest-based industrial robotics manufacturer and integrator, from Mitsui & Co. (U.S.A.), Inc. The deal expands Angeles' robotics integration platform (which includes RōBEX, Mid-State Engineering, and +Vantage), adding Acieta's manufacturing capacity, equipment-tending, welding, and palletizing capabilities to serve end markets such as agriculture, welding/fabrication, and construction; terms were not disclosed.

AEA Investors’ Small Business Private Equity (AEA SBPE) team closed the acquisition of Crane Engineering Sales, a Kimberly, Wisconsin-based provider of flow control and fluid handling distribution, services and engineered skid systems. The transaction includes significant reinvestment from Crane’s management and employees and positions AEA to grow the business organically and via acquisitions in the industrial distribution market.

Relevant Industrial, LLC has agreed to acquire Marshall W. Nelson & Associates, Inc., a Milwaukee-based specialist in combustion applications and gas-fired industrial equipment. The deal expands Relevant Industrial's capabilities in combustion engineering and industrial equipment services while increasing the combined company's footprint and employee base across the United States.

Helios Technologies (NYSE: HLIO) has acquired i3 Product Development, a Wisconsin-based custom engineering and product development firm with expertise in electronics, mechanical, embedded software and rapid prototyping. The acquisition, financed with cash and equity, augments Helios’ internal engineering capabilities and supports its telematics and data analytics roadmap; terms were not disclosed.

St. Louis-based 4M Building Solutions has acquired Wisconsin-based Eagle Enterprises, Ltd., a commercial cleaning and janitorial services provider, effective Oct. 1, 2022. The deal brings nearly 100 new commercial cleaning customers, about 250 employees, and Eagle’s New Berlin headquarters and Madison-area office to 4M as the company expands into its fifteenth state, Wisconsin.

Ryerson Holding Corporation, a leading value-added processor and distributor of industrial metals, acquired Howard Precision Metals, a Milwaukee-based aluminum distributor specializing in precision-cut aluminum plate and extruded bar. The deal expands Ryerson’s non-ferrous processing capabilities and adds complementary value‑added services to its Midwest footprint.

Miner Ltd., the dock and door division of OnPoint Group, has acquired K&K Material Handling, Inc., a regional provider of commercial doors and loading-dock equipment serving Northern and Central Wisconsin. The add-on expands Miner’s dock-and-door service footprint in Wisconsin, bringing K&K’s more than 40 years of local experience and service capabilities into Miner's national network.

Saw Mill Capital consolidated its automation investments (iAutomation and RND Automation) into a rebranded platform, Complete Automation Solutions (CAS), and simultaneously acquired PanelTEK Automation. The acquisition expands CAS’s panel-building, contract manufacturing and engineering capabilities to support OEM and end-user customers across the eastern United States.

Aebi Schmidt Group agreed to acquire Monroe Truck Equipment, a U.S.-based manufacturer and upfitter of municipal and commercial truck equipment, from private equity owner Industrial Opportunity Partners. D.A. Davidson served as financial advisor to Monroe; the deal (expected to close around end of 2021) gives Aebi Schmidt U.S. upfitting centers, nationwide distribution and cross-sell opportunities while Monroe gains access to Aebi Schmidt's global technologies and resources.

KCM Capital Partners' industrial platform, The Industrial Service Group (ISG), completed the acquisition of Industrial Air Power, a Muskego, Wisconsin-based provider of air compressors, parts and lubricants. The deal was executed in partnership with company management and capital partners PNC Mezzanine Capital and Five Points Capital; terms were not disclosed and the founder, Chris Klemz, will continue to run day-to-day operations.

CCS Facility Services, a portfolio company of Silver Oak Services Partners, has acquired Milwaukee-based Total Cleaning Systems. The acquisition expands CCS' footprint into the Midwest and brings Total Cleaning's floor/carpet care and facility maintenance capabilities into CCS' engineering arm. Total Cleaning, founded in 1969, will continue serving education, healthcare, industrial and commercial real estate customers under CCS.

Elevator Service LLC (ESI), backed by family office Carroll Capital, acquired Milwaukee-based Express Elevator LLC. The deal adds Express’s ~350 customer base and field-service team to ESI’s Midwest elevator services platform to accelerate growth across Wisconsin.

Blackwell Capital Group, a Milwaukee-based private investment firm, has acquired Stack Equipment, a Hartford, Wisconsin supplier of refurbished aerial access and material handling equipment. The seller/previous owner Jim Lenahan (via Keystone Holdings) will remain a stockholder and Stack's management and staff will stay in place as Blackwell aims to grow the business and expand its reach and services.

Levine Leichtman Capital Partners (LLCP), in partnership with In-Place Machining Company management, has acquired In-Place Machining Company (IPM) from Platte River Equity. LLCP intends to support IPM's continued growth through organic initiatives and potential add-on acquisitions while the existing management team remains in place.

Dunes Point Capital, LP (via Dunes Point Capital Fund II, LP) has made a majority investment in All-Lift Systems, Inc., a Neenah, Wisconsin-based provider of aftermarket services and parts for overhead cranes and lifting equipment. The transaction was financed with debt from M&T Bank and advisory support from Kirkland & Ellis, HMB Legal, Alvarez & Marsal and XLCS Partners.

SJE Inc., a portfolio company of Audax Private Equity, has acquired L.W. Allen LLC from Gen Cap America. L.W. Allen, a Madison, Wisconsin-based designer and manufacturer of water and wastewater control systems and pumps with about 45 employees, will join SJE's Engineered Products team to expand capacity and regional service capabilities.

In-Place Machining Company (a Platte River Equity portfolio company) has acquired Exact Metrology, a full-service 3D metrology and laser measurement provider. The add-on expands IPM's on-site precision measurement, alignment and metrology capabilities and brings complementary customers across aerospace, industrial, automotive and medical end markets.

MacQueen Equipment, LLC (through its MacQueen Emergency division), a portfolio company of Rotunda Capital Partners, has acquired 5 Alarm Fire & Safety Equipment, LLC. The acquisition adds 5 Alarm's personal safety and rescue product portfolio and parts & service capabilities, expanding MacQueen Emergency's offerings and regional coverage across the upper Midwest.

Crane 1 Services, a Pfingsten-backed material handling services platform, has acquired Overhead Material Handling, Inc. (OMH), a provider of overhead crane inspection, maintenance, repair, design and installation services based in Oak Creek, Wisconsin. The add-on transaction expands Crane 1's geographic footprint into the Wisconsin service market and closed on May 14, 2021.

Blackwell Capital Group LLC has acquired Custom Production Grinding, a Menomonee Falls, Wisconsin-based precision grinding company founded in 1983. The deal — sold by second-generation owner Robert Marx — will keep existing leadership in place while Blackwell plans to expand the company's geographic reach and breadth of grinding services.

Pioneer Metal Finishing, a portfolio company of Aterian Investment Partners, has acquired Indianhead Plating, a chrome plating and metal finishing provider based in Chippewa Falls, Wisconsin. The add-on expands Pioneer's plating and cylindrical grinding capabilities across its North America footprint; John Altmann, the owner of Indianhead, sold the business and Weil Gotshal & Manges LLP advised Pioneer.

Borgman Capital has acquired Aerial Work Platforms, Inc. (AWP), a Wisconsin-based company that rents, sells and services aerial lift equipment, from founder and president Pat Barney. Borgman — a Milwaukee-based private equity firm — will support AWP's future growth and continuity; Associated Bank provided senior financing for the transaction.

CertaSite, a Riverside-backed commercial fire protection and life safety platform, has acquired family-owned Starfire Systems and Starfire Extinguisher Company in Franklin, Wisconsin. The add-on expands CertaSite's geographic reach into the Milwaukee market and brings 21 Starfire employees into the CertaSite organization while retaining owner support during transition.

Sole Source Capital-backed Supply Chain Services has acquired Miles Data Technologies, a Waukesha, Wisconsin-based provider of barcode, RFID and mobility solutions. The deal positions Supply Chain Services to expand its AIDC and factory automation portfolio across North America; Miles Data CEO Robert Ladd will remain in an executive role following the transaction.

Hamilton Robinson Capital Partners, alongside American Roller management and co-investors, recapitalized American Roller Company in February 2019. The recapitalization (from prior owner CM Acquisitions L.L.C.) provides growth capital to invest in lean manufacturing, expand capabilities and geography, and pursue selective add-on acquisitions.

Thermal Process Holdings, a platform formed by Calvert Street Capital Partners and led by John Hubbard, acquired Hudapack Metal Treating, Inc. and P&L Heat Treating. Patriot Capital provided senior debt and equity financing to support the transaction as TPH continues a buy-and-build strategy in the thermal processing industry.

Global Industrial, the industrial products business unit of Systemax Inc., has acquired Plant Equipment Group (PEG), a business unit of TAKKT America Holding Inc. and TAKKT AG. PEG, headquartered in Milwaukee, Wisconsin, is a direct-marketing distributor of storage and material handling products; the sale represents a divestiture by TAKKT and expands Global Industrial's product offering and North American distribution footprint.