Manufacturing Acquisitions in United States

GreyLion, a U.S.-based private equity firm, announced a new strategic equity investment in Torginol, a manufacturer and marketer of decorative flakes, quartz, and related products used in resinous flooring systems. As part of the investment, Torginol Chairman and Owner Tom Testwuide Jr. will retire, while GreyLion will partner with CEO Jason LaBouve and the management team to support the company’s next phase of growth.

Platte River Equity portfolio company TIPCO Technologies has acquired Flexline, Inc., a Kenilworth, New Jersey-based manufacturer of custom specialty hose assemblies with an emphasis on metal hoses. The acquisition expands TIPCO’s fluid conveyance solutions platform and represents TIPCO’s fifth add-on acquisition since partnering with Platte River Equity in December 2023.

Patrick Industries, Inc. completed the acquisition of Medallion Instrumentation Systems, LLC, a provider of customized instrumentation and vehicle electronics serving marine, RV, powersports, on-highway, and military markets. Medallion, headquartered in Spring Lake, Michigan, generated approximately $38 million in 2024 revenue and will continue operating under its existing brand name and facility.

Monomoy Capital Partners has sold Astro Shapes, LLC, a manufacturer of custom aluminum extrusions, to Wynnchurch Capital. Astro Shapes is headquartered in Struthers, Ohio and serves building products and recreational vehicle end markets through multiple facilities in the Midwest and Northeast United States.

Precision Products Group (PPG), a portfolio company of Auxo Investment Partners, acquired Cindus Corporation, a Cincinnati, Ohio-based manufacturer of crepe paper for electrical and industrial applications. The acquisition is intended to strengthen PPG’s insulation materials offering for the growing electrical transformer market and support investments to expand Cindus’ production capacity. Cindus will continue operating under its name and be managed locally by its existing management team.

Spirit AeroSystems Holdings, Inc. agreed to sell its Fiber Materials Inc. (FMI) business to Tex Tech Industries, Inc. for $165 million in cash. FMI is a producer of high-temperature materials and reinforced composites used in space and defense applications, and the acquisition expands Tex-Tech’s portfolio of thermally protective materials.

National Safety Apparel (NSA) has acquired Warren Heim Corporation, a U.S.-based manufacturer of insulated bags for workers in the electrical utility market. The deal is NSA’s 15th acquisition since 2012 and the second since Blue Point Capital Partners’ May 2024 platform investment in NSA, strengthening NSA’s electrical safety product portfolio and U.S. manufacturing footprint.

GCM announced it has acquired the assets of Precision Swiss Products (PSP), expanding GCM’s precision machining capabilities and customer access. PSP’s assets include a state-of-the-art manufacturing facility in North Carolina. GCM is a portfolio company of Avista Healthcare Partners; financial terms were not disclosed.

Gamber-Johnson, a manufacturer and designer of mounting solutions for electronic equipment used in vehicles and mobility applications, has acquired American Aluminum Accessories. The deal expands Gamber-Johnson’s mobility and vehicle-solution offerings by adding capabilities such as secure storage, K9 transport systems, prisoner transport, and work truck accessories. American Aluminum Accessories will continue operating from its Perry, Florida facility under Gamber-Johnson, led by former president Jennifer Arnold as General Manager.

Power Grid Components (PGC) has acquired Elliott Industries, a manufacturer of custom electrical equipment for utilities, OEMs, and commercial/industrial customers. The deal expands PGC’s power distribution product portfolio while maintaining the Elliott brand, with Elliott’s leaders Patricia Willcox and Ken Elliott III staying on to support an extended transition.

CPM announced the acquisition of Jacobs Global, a supplier of aftermarket parts for hammermills and pellet mills. The transaction is intended to expand CPM’s product portfolio and market reach and add capacity to better serve global customers in animal feed, oilseed, and biomass processing operations.

Altus Capital Partners acquired Air Innovations, LLC, a manufacturer of mission-critical environmental control units (ECUs) serving markets including wine, aerospace, semiconductor, homeland security, and healthcare. Air Innovations is headquartered in North Syracuse, New York, and its management team will remain in place. Financial terms were not disclosed.

Janler Corporation, a Chicago-based contract manufacturer specializing in high-precision mold-making and molding, has been acquired by Uniphase, LLC. Uniphase is a portfolio company of Sequel Holdings, LP, and the combination is intended to expand tooling, engineering, and plastic injection molding capabilities across industrial, packaging, and medical end markets.

CORE Industrial Partners portfolio company PrecisionX Group acquired MSK Precision Products, Inc., a provider of precision machining and assembly services specializing in Swiss machining. The acquisition expands PrecisionX’s specialty precision metal manufacturing capabilities and strengthens its presence in medical and aerospace & defense end markets, adding an East Coast facility in Tamarac, Florida.

Spectris plc completed the acquisition of SciAps, Inc., a portfolio company of Rand Capital Corporation, on August 21, 2024. Rand Capital received $13.1 million in total proceeds at closing from the sale, consisting of debt repayment, interest and fees, and an equity return.

JENNMAR, a FalconPoint Partners portfolio company, acquired the assets of Wright-Mix Material Solutions, LLC’s cement blending facility in Holden, West Virginia. The facility will be added to JENNCHEM (a JENNMAR subsidiary) to expand manufacturing capacity and ensure continuous production of J-SEAL specialized foaming cement products.

Paladin Holdings LLC, a portfolio company of Makai Capital Partners, has acquired Ultra-Pak, Inc., a contract manufacturer, packager, and distributor of personal care and cleaning products. The deal expands Paladin’s liquid and powder filling capabilities and strengthens its presence in the Jan-San and Hospitality markets.

Midland Garage Door, a portfolio company of LongWater, has acquired Martin Door, a garage door manufacturer based in Salt Lake City, Utah. The acquisition adds a strategic manufacturing asset and expands Midland’s product offerings and geographic presence across the Mountain West, West Coast, and Southwest regions.

Standard Iron acquired Helgesen Industries in a strategic transaction aimed at strengthening Standard Iron’s market position by expanding scale and manufacturing capabilities. Owner Resource Group (ORG) supported the deal by sourcing the opportunity, leading structuring and due diligence, and coordinating lender financing to refinance existing facilities and establish a flexible debt structure. Post-close, ORG continues to support integration efforts and key initiatives such as executive recruitment and technology enhancements.

An affiliate of Stellex Capital Management has entered into a definitive agreement to acquire McConway & Torley (M&T) and Standard Forged Products (SFP) from Arcosa, Inc. The Pittsburgh-based businesses manufacture cast, forged, and machined products for rail and industrial customers, and the transaction is expected to close in the third quarter of 2024. As part of the deal, industry veteran David Meyer will become CEO to help drive organic and acquisitive growth.

The Shyft Group acquired Independent Truck Upfitters (ITU), a Midwest-based service body and work truck upfitter. The acquisition supports Shyft’s infrastructure-focused specialty vehicles growth strategy and expands its capabilities in larger, more complex commercial work-truck upfitting.

IDEX Corporation entered into a definitive agreement to acquire Mott Corporation and its subsidiaries for $1.0 billion in cash consideration (approximately $900 million net of expected tax benefits). Mott designs and manufactures sintered porous metal components and flow control solutions used in high-value end markets including semiconductor, energy, water, and space. The deal is expected to close by the end of the third quarter of 2024, subject to regulatory approvals and customary conditions, and Mott will join IDEX’s Health & Science Technologies segment.

OPW Global acquired Michigan-based flow control components specialist Marshall Excelsior Company (MEC) for $395 million in an all-cash transaction. MEC serves liquefied petroleum gas and cryogenic markets and generated approximately $120 million in revenue in 2023; OPW expects the deal to expand its capabilities and participation in compressed and liquefied gases.

An affiliate of Mill Point Capital LLC entered into a definitive agreement to acquire FEMSA’s commercial refrigeration and foodservice equipment businesses, operating as Imbera and Torrey, via a single corporate carve-out. The two businesses will be объединed under a newly created platform, AeriTek Global LLC, a manufacturer, designer, and distributor of commercial refrigeration and foodservice equipment. The transaction is subject to regulatory approvals and customary closing conditions.

Kodiak acquired Southern Adhesives and Coatings, a boutique adhesives and coatings supplier serving the paper and packaging industries. The acquisition expands Kodiak’s specialty chemicals portfolio and supports its strategy of consolidating manufacturing and accelerating growth using Kodiak’s manufacturing, R&D, and sales capabilities.

Bradford White Corporation has acquired Heat-flo, a maker of stainless steel indirect water-heating and hydronic storage tanks. The deal expands Bradford White’s water-heating product portfolio across residential, commercial, and industrial markets, with ongoing operations continuing at Heat-flo’s Uxbridge, Massachusetts facility and support from Bradford White subsidiary Laars Heating Systems.

Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass (a designer and manufacturer of fluid management vessels and tanks) and Diamond Services (a non-metallic industrial services business). The combined business will operate under the rebranded name Diamond Fiberglass Systems and Services, an Andronaco Industries Company, expanding Andronaco’s corrosion-resistant flow control and fluid management offerings.

Parkway Capital announced an investment in Tess Oral Health, providing subordinated debt and equity to support a recapitalization. The transaction was led by ArchStar Capital in partnership with Tess Oral Health’s management team. Tess Oral Health is an FDA-approved manufacturer of personalized toothbrushes and oral hygiene products for dental and orthodontic practices.

Turnspire Capital Partners announced that an affiliate has acquired Swanson Industries, a provider of manufacturing, remanufacturing, repair, and distribution services for mining equipment, hydraulic cylinders, and related industrial equipment in the United States. The transaction also includes Swanson’s controlling stake in Tiefenbach North America, which focuses on engineered hydraulic controls and hose assemblies for mining, energy, and industrial applications.

The HC Companies, a Platinum Equity portfolio company, acquired Classic Home & Garden (CHG), a provider of decorative planters, pots, and backyard décor products for the North American lawn and garden market. CHG is headquartered in Shelton, Connecticut, and its owner and CEO Fred Ryan will remain a significant investor in the combined business and serve as President. Financial terms of the transaction were not disclosed.

CORE Industrial Partners completed a take-private transaction to acquire Fathom Digital Manufacturing Corporation, an on-demand digital manufacturing services provider. Following the transaction, Fathom’s Class A common stock ceased trading and will no longer be listed on the New York Stock Exchange.

Parkway Capital announced an investment in Mike Alexander Company, Inc. (MALCO) as part of a recapitalization led by Sidereal Capital Group in partnership with MALCO’s senior management team. Parkway Capital and Farragut Capital Partners provided subordinated debt and equity financing to support the transaction. MALCO is a Tulsa-based manufacturer of specialty hardware anchors and provides custom metal fabrication services for industrial high-temperature environments.

Brightwood Capital Advisors provided financing to support Mill Point Capital’s purchase of Proficium LLC; financial terms were not disclosed. Proficium designs, manufactures, and delivers products and value-added services for commercial AI infrastructure, hyperscale data centers, and enterprise customers.

Power Integrations announced an agreement to acquire the assets of Odyssey Semiconductor Technologies, a developer of vertical gallium-nitride (GaN) transistor technology. The transaction is expected to close in July 2024, and key Odyssey employees are expected to join Power Integrations' technology organization to support its PowiGaN development roadmap.

EnerSys entered into a definitive agreement to acquire Bren-Tronics, Inc. in an all-cash transaction valued at $208 million. Bren-Tronics, a manufacturer of portable lithium batteries and charging solutions for military and defense applications, will be integrated into EnerSys’ Specialty line of business, with closing expected in Q2 2024 subject to regulatory approvals.

Mueller Industries, Inc. has entered into a definitive agreement to acquire Nehring Electrical Works Company and certain affiliated companies for approximately $575 million, plus a potential $25 million earn-out. Headquartered in DeKalb, Illinois, Nehring manufactures wire and cable solutions serving utility, telecommunications, electrical distribution, and OEM markets, and generated approximately $400 million in net sales for the twelve months ended December 31, 2023. The transaction is expected to close in the second quarter of 2024, subject to regulatory approval and customary closing conditions, and will be funded with cash on hand.

HCAP Partners announced an investment in Gondola Skate Moving Systems, a San Diego-based supplier of fixture mobilization equipment used to move retail shelving and other heavy fixtures. The investment will support customer growth and operational improvements, and may position Gondola Skate to pursue a future strategic acquisition; financial terms were not disclosed.

Inrad Optics entered into a definitive merger agreement to be acquired by Luxium Solutions, an affiliate of private equity firms SK Capital Partners and Edgewater Capital Partners, in an all-cash transaction valued at approximately $19 million including assumed debt. Inrad Optics stockholders will receive $1.10 per share in cash, and the company will remain headquartered in Northvale, New Jersey following closing expected in mid-2024.

Resco Products, Inc., a portfolio company of Balmoral Funds LLC, has entered into a definitive agreement to be acquired by RHI Magnesita for an enterprise value of up to $430 million. The transaction is expected to close in the second half of 2024, subject to customary closing conditions and regulatory approvals.

An investor group led by Arsenal Capital Partners, in partnership with BayPine, has acquired Poly-Wood, LLC (POLYWOOD) from Mayfair Capital Partners, a private investment division of Oxford Financial Group. POLYWOOD is a vertically integrated manufacturer of recycled HDPE outdoor living products headquartered in Syracuse, Indiana. Financial terms were not disclosed.

Vibration Mountings & Controls, Inc. (VMC Group) acquired Cannon Fabrication (CanFab) and BRD Noise and Vibration Control (BRD) to expand its controlled-environment solutions offering across commercial HVAC noise, vibration, and seismic applications. Broadview Group Holdings, LLC made a strategic investment in VMC Group to recapitalize the business and support the acquisitions. Financial terms were not disclosed.

Catalyst Acoustics Group, a portfolio company of The Stephens Group, acquired RealAcoustix LLC, a Utah-based manufacturer of custom acoustical wood and architectural interior products. The transaction is an add-on intended to expand Catalyst’s product offering in acoustic and noise control solutions.

MPE Partners (Morgenthaler Private Equity) announced an investment in Webster Industries, a manufacturer of engineered class chain, sprockets, and vibratory equipment for material handling and power transmission applications. MPE acquired Webster from its employee-owned stock ownership plan (ESOP) and partnered with the existing management team, who will continue to lead the business. Financing for the transaction was provided by Fidelity Direct Lending and Apogem Capital; terms were not disclosed.

Guardian Capital Partners portfolio company Havis, Inc. has completed the acquisition of Vanner, Inc., a provider of power management solutions for transportation and rugged mobile applications. The deal adds Vanner’s long-standing product portfolio and engineering capabilities to the Havis platform, expanding its footprint in in-vehicle rugged technology solutions.

Trystar, a portfolio company of Goldner Hawn, completed the acquisitions of Macromatic and Primax Technologies (Primax). The deals expand Trystar’s electrical power solutions offering and broaden its reach across multiple mission-critical end markets.

P2G Capital partnered with Merit Capital Partners and company management to acquire Circuit Check Holdings, Inc. Circuit Check, headquartered in Maple Grove, Minnesota, designs and manufactures custom test systems, test fixtures, and test automation solutions for electronics and electro-mechanical devices across multiple end markets.

Kinzie Capital Partners LP acquired Arctic Industries, a national manufacturer and distributor of temperature control and cold storage solutions, in partnership with Arctic’s management. The investment is intended to support Arctic’s continued growth and expansion across the United States. Brown Gibbons Lang served as exclusive financial advisor to Stoic Holdings in the sale of Arctic Industries.

Parkway Capital announced an investment in Architectural Polymers as part of a recapitalization led by Stonebridge Partners in partnership with the company’s senior management team. Parkway, Brookside Capital Partners, and Spring Capital Partners provided subordinated debt and equity to support the transaction. Architectural Polymers is a manufacturer and designer of urethane and plastic molds/formliners for concrete construction applications and is headquartered in Palmerton, Pennsylvania.

Trexon announced the sale of its Industrial Products Group (IPG) to Amphenol Corporation in a divestiture completed late last year. The transaction includes the brand portfolios of TPC Wire & Cable, Pittsburgh Wire and Cable, and MilRail, which will operate within the Amphenol family. Financial terms were not disclosed.

Salt Creek Capital acquired Pacific Coast Feather Cushion Company, LLC (PCF Cushion), a manufacturer of natural fill cushion insert components for the U.S. upholstered furniture industry. PCF Cushion’s CEO, Cristina Kopecky, will partner with Salt Creek Capital as the company continues its growth and development.

Salem One, Inc., a portfolio company of Granite Creek Capital Partners, has acquired iTek Graphics, a printing and graphics company based in Concord, North Carolina. The transaction was funded by investments from Granite Creek’s FlexCap III fund and a co-investment from Patriot Capital. iTek Graphics will operate as a new division of Salem One and continue as a stand-alone business unit in Concord.

An affiliate of SteelPro, LLC, which is backed by private equity firm LFM Capital, acquired the assets of Memphis-based CoBuilt, LLC and certain affiliated entities. Financial terms were not disclosed. The acquisition adds a second manufacturing location and expands SteelPro’s structural steel fabrication capabilities in the Memphis area.

LFM Capital invested in Current Tools, LLC, making it the seventh platform company in LFM’s third fund. Current Tools manufactures specialized tools and equipment used by electrical and mechanical contractors for industrial applications and is headquartered in Wellford, South Carolina.

Vontier Corporation announced the sale of its Coats business (The Coats Company) to Victor Capital Partners for $72.5 million in an all-cash transaction. Coats manufactures wheel service, alignment, lift, and inspection equipment for the automotive market and is headquartered in LaVergne, Tennessee. The transaction closed on January 8, 2024.

Monomoy Capital Partners signed a definitive agreement to acquire Waupaca Foundry, Inc., North America’s leading supplier of cast and machined iron castings. The seller is Proterial, Ltd.; financial terms were not disclosed and the deal is expected to close in early 2024 subject to customary conditions.

Samyang Holdings acquired the management rights of U.S.-based specialty chemical manufacturer Verdant Specialty Solutions from private equity firm OpenGate Capital for approximately USD 250 million. Verdant will be incorporated as a subsidiary of Samyang Holdings, supporting Samyang Group’s strategy to expand its global specialty materials business.

Plastifab Industries Inc., a portfolio company of Regimen Equity Partners, acquired MoldPro Inc., an injection molding business based in Swanzey, New Hampshire. The deal expands Plastifab’s United States footprint and strengthens its injection molding capabilities. Gary Barnard, MoldPro’s previous owner, was acknowledged as the seller.

DBW Holdings, the parent company of Diamond Blade Warehouse, acquired Peak Toolworks, a manufacturer and servicer of diamond and carbide precision cutting tools. The transaction was completed in partnership with Granite Creek Capital Partners and Canterbury Ventures, with additional financing from Hidden River Strategic Capital and Muzinich BDC. Peak will join Diamond Blade Warehouse under the DBW Holdings umbrella as a dual operating business.

ISCO Industries agreed to acquire substantially all of the assets of Infinity Plastics, a manufacturer of fabricated HDPE piping products. The deal expands ISCO’s manufacturing footprint and production capacity, adding a strategic location in Mayville, Wisconsin to better serve customer demand across the U.S. and Canada.

Ambassador Supply has acquired Ideal Steel, a regional manufacturer of components and pre-engineered steel buildings. Ideal Steel is headquartered in Broussard, Louisiana and has over 20 years of experience serving industrial, commercial, agricultural, and residential markets. Financial terms of the deal were not disclosed.

Shorehill Capital LLC has sold Power Grid Components, Inc. to Blackstone Energy Transition Partners, a private equity fund affiliated with Blackstone, in partnership with Power Grid’s existing management team. The acquisition closed on November 30, 2023. Power Grid supplies mission-critical components used on the U.S. electric utility grid, including air-break switches, insulators, and instrument transformers.

KB Components, a Swedish industrial group, acquired QT Industries, LLC (doing business as QT Manufacturing), a domestic contract manufacturer specializing in plastic injection molding and precision CNC machining. The deal expands KB Components’ presence in the Dallas/Fort Worth area and adds QT Industries to its global manufacturing portfolio.

May River Capital has acquired RLE Technologies, a Fort Collins, Colorado-based provider of facility environment monitoring, fluid leak detection, and airflow management products. The transaction was described as a platform acquisition for May River focused on environmental monitoring within data center and critical facilities end markets, with debt financing provided by Tree Line Capital Partners.

Montbleau Holdings, a portfolio company of Crescendo Capital Partners, has completed the acquisition of Buda Woodworks. Westlake served as the exclusive financial advisor to Buda Woodworks on the transaction.

ProMach announced it has acquired Sentry Equipment & Erectors Inc., a manufacturer of conveyor solutions and container handling machines. Sentry, founded in 1980 and headquartered in Forest, Virginia, will join ProMach’s Systems and Integration business line, expanding ProMach’s conveyor and end-of-line packaging equipment portfolio and strengthening its systems integration capabilities.

LDR Growth Partners acquired ATI Corporation, a family-owned manufacturer of compact equipment attachments and precision grading products. The transaction was facilitated by BMI Mergers & Acquisitions, which represented the seller in the sale process. ATI is headquartered in Lancaster County, Pennsylvania.

Ancor Capital Partners’ portfolio company, PMA Industries, acquired United Western Enterprises, Inc., a contract manufacturer specializing in photochemical etching. United Western, headquartered in Camarillo, California, produces thin photochemically etched metal parts and also provides value-added services such as forming, laser welding, heat treating, and metal finishing. The combination expands PMA’s capabilities and scale in photochemical etching across end markets including aerospace, defense, electronics, and medical.

Hubbell Incorporated entered into a definitive agreement to acquire Systems Control, a manufacturer of substation control and relay panels and turnkey substation control building solutions. Systems Control has been owned by Comvest Partners since 2018, and the transaction is expected to close by the end of 2023.

Fecon acquired TREEfrogg, a manufacturer of tree-trimming saw attachments for skid steers and compact track loaders. The deal expands Fecon’s right-of-way clearing and vegetation management product offerings by adding TREEfrogg’s trimming saw line designed for small to mid-sized carriers.

Boyne Capital, through an affiliate, has invested in ProFusion Industries, a designer, engineer, and manufacturer of polymer-based film and sheet products. ProFusion is headquartered in Fairlawn, Ohio and serves diversified end markets including hospitality, transportation, military, and industrial applications. The investment is described as Boyne Capital’s most recent platform investment in its BCM Fund II.

Monument MicroCap Partners, a Midwest-based private equity firm, closed an investment in Sweet Tooth Enterprises, LLC on October 17, 2023. Sweet Tooth, headquartered in Edgewood, New York, provides custom tooling and injection molding services through its Micelli Chocolate Mold and Aztec Tooling & Injection Molding divisions.

ERA Industries acquired i3DMFG, an Oregon-based metal 3D printing (DMLS) services provider. The deal represents an add-on acquisition to ERA’s precision manufacturing platform, which is backed by financial sponsor L Squared Capital Partners, and i3DMFG will continue operating as a distinct business unit within the platform.

OTR International acquired Hoosier Wheel, a manufacturer of standard and custom wheel assemblies for off-the-road applications based near Evansville, Indiana. The deal expands OTR’s U.S. manufacturing footprint and broadens its off-the-road mobility solutions portfolio for OEM and aftermarket customers. OTR International is majority owned by an affiliate of Owner Resource Group, LLC (ORG), and the transaction closed October 1.

Plexus Capital announced an investment in Texwin Metal Buildings, a manufacturer and retailer of portable buildings and custom metal structures operating under the Winslows Custom Buildings brand. Texwin serves customers across Texas, Louisiana, Oklahoma, and Arkansas from its headquarters in Wills Point, Texas.

CERATIZIT S.A., part of the Plansee Group, acquired all shares of Xceliron Corp., a round tool manufacturer specializing in solid carbide cutting tools for aerospace and automotive applications. Xceliron’s founders, Randy Jones and Ric DiOrio, will remain with the business to support integration and continue leading operations as Co-Managing Directors. Financial terms were not disclosed.

Shoei Chemical, Inc. and its North American subsidiary Shoei Electronic Materials, Inc. signed and completed a definitive asset purchase agreement to acquire substantially all assets of Nanosys, Inc.'s quantum dot business. As of September 6, 2023, Nanosys’ sales/marketing team, R&D team, and its Silicon Valley laboratories in California became part of Shoei. Shoei will continue operating the Nanosys brand as a supplier of quantum dot materials for next-generation display technologies.

Pfingsten acquired Pacific Lasertec (PLT), a manufacturer of specialty lasers and related power supplies, as its latest platform investment. Headquartered in San Marcos, California, PLT serves end markets including medical diagnostics, semiconductors, scientific R&D, advanced manufacturing, and life sciences, and Pfingsten plans to support growth both organically and through add-on acquisitions.

The Timken Company has acquired Des-Case Corp., a Nashville, Tennessee-based manufacturer of specialty filtration products for industrial lubricants. Des-Case, founded in 1983, is expected to generate about $40 million of revenue in 2023 and employs approximately 120 people. Timken expects the deal to create synergies through complementary product offerings, cross-selling, and international expansion.

MSouth Equity Partners, in partnership with the company’s management team, completed the acquisition of Engineered Products, LLC. Engineered Products designs, manufactures, and installs structural storage solutions—particularly highly engineered racking structures supporting automated storage and retrieval systems (ASRS)—for warehouses and distribution centers. The company will continue to be led by CEO Tommy Sinclair.

Safe Fleet acquired Merlot Vango Tarping Solutions, a provider of rolling tarpaulin systems for flatbed and platform trailers. The deal expands Safe Fleet Commercial Vehicle Group’s tarp system portfolio and adds Merlot’s installation, aftermarket parts, and service capabilities. Merlot Vango will continue to be managed by its existing leadership team following the acquisition.

Tide Rock has acquired Pro-Active Engineering, a provider of printed circuit board (PCB) design and manufacturing solutions focused on quick-turn prototyping through high-volume production. Pro-Active Engineering will continue to be led by Paul Schwanbeck and its management team from its Sun Prairie, Wisconsin headquarters, strengthening Tide Rock’s EMS/PCB capabilities.

CenterGate Capital announced that an affiliate has made an investment in Poseidon Barge, a manufacturer and rental provider of sectional barges and related equipment used in critical marine infrastructure. Poseidon Barge will continue to be led by President Mary Habegger-Fox, and founder Donnie Fain and Habegger-Fox will retain continued ownership stakes as part of the transaction.

Clark-Reliance acquired John C. Ernst & Co., Inc., a manufacturer and distributor of engineered measurement solutions and process observation equipment for liquid and steam applications. John C. Ernst is headquartered in Sparta, New Jersey, and produces products such as sight flow indicators, sight windows, liquid level gauges, and flow meters. Terms of the acquisition were not disclosed.

Tide Rock, an unlevered buyout firm based in San Diego, acquired Accu-Fab, Inc., a metal contract manufacturer headquartered in Raleigh, North Carolina. The acquisition expands Tide Rock’s metal manufacturing capabilities alongside other portfolio manufacturers, supporting broader U.S. customer demand for precision fabrication, machining, welding, finishing, and assembly integration.

Evantic, a portfolio company of Edgewater Capital Partners, has acquired Plastic Distributors and Fabricators, LLC (PDF). PDF manufactures and fabricates high-precision plastic components, and the acquisition expands Evantic’s engineered polymer solutions capabilities and presence in strategic end markets including semiconductor, life sciences, and aerospace & defense.

H.I.G. Capital portfolio company Construction Forms, Inc. (CFI) acquired Tricon Wear Solutions, a manufacturer of abrasion and wear-resistant engineered steel plates and fabricated products. The combination expands CFI’s industrial wear parts and aftermarket solutions offering across end markets such as mining, aggregates, pulp & paper, concrete pumping, and power generation.

Union Park Capital announced the sale of Industrial Physics, a global provider of packaging, product, and material test and inspection equipment and services, to investment funds managed by KKR. The transaction positions Industrial Physics to pursue its next phase of growth, including implementing KKR’s broad-based employee ownership program.

CORE Industrial Partners’ portfolio company GEM Manufacturing acquired Coining Manufacturing, LLC and Precision Machine Products, Inc., providers of specialty stamping and machining services. The acquisitions expand GEM’s precision component manufacturing capabilities and add complementary operations and customers across aerospace & defense, medical, electronics, and semiconductor end markets. The acquired businesses are headquartered in Clifton, New Jersey.

LFM Capital announced the formation of Weller Metalworks, a metal fabrication and precision machining platform, and completed its first acquisition with the purchase of Muthig Industries. Muthig Industries, a custom metal fabrication, precision machining, and metal stamping services provider headquartered in Fond du Lac, Wisconsin, will serve as the inaugural add-on for the new platform. Financial terms were not disclosed.

High Street Capital, alongside Wells Fargo Strategic Capital, announced that its portfolio company Tramec has acquired CS Automation. CS Automation is an Ontario, New York-based designer and manufacturer of pneumatic automation controls, machine and motion controls, and machine framing and safeguarding serving industrial and heavy-duty customers. The acquisition is intended to broaden Tramec's presence in industrial automation and create cross-selling opportunities and synergies.

Trystar, a portfolio company of Goldner Hawn, completed the acquisition of Cyber Sciences. The deal is intended to enhance Trystar’s power monitoring, diagnostics, and analysis capabilities for uptime-critical end markets such as data centers and healthcare.

Compass Group Equity Partners announced an investment in Anderson UnderBridge, a manufacturer and rental operator of mobile under-bridge inspection trailers and trucks. The partnership is intended to support Anderson UnderBridge’s expansion of equipment manufacturing capacity, rental fleet footprint, and related services, as part of building a broader critical infrastructure platform.

SOS Manufacturing has been acquired by Auxo Investment Partners, a Michigan-based private equity firm. The deal represents Auxo’s fourth acquisition as it builds out its wire harness platform. Cherry Tree & Associates advised SOS Manufacturing and its shareholders on the sale process.

Spectris plc signed a purchase agreement to acquire the MicroStrain Sensing Systems Business for $37.6 million (£29.4 million). Based in Vermont, MicroStrain develops inertial and wireless sensing systems serving industrial and aerospace markets and will be integrated into Spectris Dynamics. The deal is subject to regulatory approval and is expected to close in the third quarter.

AqueoUS Vets, a vertically integrated provider of water treatment and delivery systems, announced the acquisition of Dixie Tank Company, a manufacturer of carbon and stainless-steel tanks and ASME code pressure vessels. The deal expands AqueoUS Vets’ footprint with an East Coast base in Jacksonville, Florida to serve customers across the United States; financial terms were not disclosed. AqueoUS Vets is backed by a prior growth investment from Bain Capital Double Impact.

Springs Window Fashions, backed by Clearlake Capital Group, has acquired Sunburst Shutters & Window Fashions for an undisclosed amount. Sunburst is a Las Vegas-based manufacturer of premium shutters and custom window treatments sold through national retailers and its own showroom network across the United States.

Ennis, Inc. acquired the operating assets of UMC Print, a trade-only provider of commercial printing services. UMC Print will continue operating from its current facility in Overland Park, Kansas, expanding Ennis’ strategic locations and printing capabilities to support distributor partners.

The Chemours Company entered into a definitive agreement to sell its Glycolic Acid business to PureTech Scientific Inc., a company founded and backed by Iron Path Capital, for $137 million in cash. The deal is expected to close by the third quarter of 2023, subject to regulatory approvals and customary closing conditions.

Canerector Inc announced that Prescor LLC has been acquired and will join the Conrex Steel Ltd group of companies. The deal expands Conrex Steel’s footprint into the United States, adding regional delivery channels and operational efficiencies to better serve the North American tank and pressure vessel market.

NAI Group acquired KSM Electronics to expand its high-performance interconnect manufacturing capabilities, adding aerospace & defense certifications and strengthening its industrial technology and medical end-market offering. KSM, headquartered in Fort Lauderdale, Florida, manufactures custom cable and wire harness assemblies and electromechanical/box builds with facilities in the United States and Mexico. Pritzker Private Capital is referenced as NAI’s partner, and NAI also named Brian Strauss as CEO following the transaction.