Manufacturing Acquisitions in Georgia

Vectair, a global aircare and hygiene provider (PE-backed), has acquired WizKid Products, a Dalton, Georgia-based manufacturer of urinal screens and antimicrobial mats. The add-on purchase expands Vectair’s product portfolio and capabilities in the commercial and industrial cleaning markets across the U.S. and globally.

Benford Capital Partners and its Industrial QC platform have acquired Avalon Vision Solutions, a Lithia Springs, Georgia-based maker of machine vision quality-control systems (including the MoldWatcher product). The deal is an add-on to the Industrial QC platform and expands its capabilities into the plastics and injection-molding/die-casting end markets.

Los Angeles-based private equity firm Truelink Capital has acquired Zep, Inc., a manufacturer of maintenance, cleaning, and sanitation solutions, from New Mountain Capital. Zep, headquartered in Atlanta with more than 1,400 employees and 23 facilities worldwide, will operate under Truelink as a platform to accelerate growth through operational improvements, product innovation, and strategic M&A.

nVent Electric plc completed the acquisition of the enclosures, switchgear and bus systems businesses (the "Electrical Products Group") of Avail Infrastructure Solutions for $975 million in cash. The business — a North American provider serving power utilities, data centers and renewables with ~1,100 employees and nine U.S. manufacturing locations — will be operated predominantly within nVent's Systems Protection segment to strengthen its infrastructure offerings.

Shorehill Capital acquired Estex Manufacturing Company Incorporated (Estex), a Fairburn, Georgia–based maker of industrial sewn products, in late 2024. Shorehill said the partnership will support enhancements to manufacturing capacity, efficiency improvements and accelerated growth; financing was provided by Fidus Investment Corporation and legal counsel to Shorehill was Katten Muchin Rosenman LLP.

Excelis Packaging Automation, a portfolio company of LFM Capital, has acquired Marks Machinery, a Suwanee, Georgia manufacturer of replacement parts for beverage filling equipment. Financial terms were not disclosed; the add-on expands Excelis' parts and service capabilities and broadens its footprint into Central and South America.

Five Star Holding, a Houston-based integrated flexible-packaging platform, has acquired Anduro Manufacturing, a supplier of laminated woven sacks and flexible packaging serving pet food, animal nutrition and other consumer product customers. The deal expands Five Star's sustainable packaging capabilities, supply reliability and Latin American manufacturing footprint; Anduro CEO Marc Datelle will join Five Star as EVP, New Business Development.

Brimar Industries, a portfolio company of Blue Point Capital Partners, has acquired UAT, LLC, a provider of traffic control products including cones, channelizers and vertical panels. The add-on strengthens Brimar's traffic safety product offering and creates cross-selling opportunities through Brimar's e-commerce and direct-sales channels.

Los Angeles-based private equity firm Vance Street Capital has partnered with Fumex Air Filtration Systems, a Kennesaw, Georgia-based designer and manufacturer of industrial fume extraction and air filtration solutions. Fumex CEO Kevin East is reinvesting and will remain in place; Vance Street plans to support product development, organic growth and pursue strategic M&A opportunities to expand the business.

Olympic Steel, Inc. (Nasdaq: ZEUS) has acquired Metal Works, a manufacturer of metal canopy components, roll-formed products and solar racking, in an all-cash transaction. Metal Works will continue to operate from its two Oakwood, Georgia facilities and will be reported within Olympic Steel's Carbon Flat Rolled business segment as the acquisition expands Olympic Steel's manufactured metal product capabilities and footprint.

Purgo Holdings, a portfolio company of Wincove Private Holdings, has acquired VSI, LLC and VSI Waterworks, an Alpharetta, Georgia-based manufacturer of manual and automated valves serving commercial, industrial, and municipal markets. The deal expands PURGO's water portfolio and product offering into flow control components and is the platform's fifth acquisition since formation.

NewCastle Partners has acquired SPG International, an Atlanta-based manufacturer of commercial-grade material handling and storage products, with subordinated debt and equity financing provided by Farragut Capital Partners and participation from Route 2 Capital Partners. Farragut said the investment will support growth through product-line expansion, new customer wins across related markets, and M&A initiatives.

Piab Group, the lifting and industrial automation business owned by Patricia Industries, has acquired US-based Alum-a-Lift, a designer and manufacturer of ergonomic lifting solutions. The acquisition was funded by Patricia Industries (Investor AB) to support Piab's strategic add-on program and expand its lifting automation capabilities and presence in North America.

Piab Group, a portfolio company of Patricia Industries, has acquired US-based Alum-a-Lift, a maker of electronic ergonomic lifting trolleys, for a total consideration of USD 120 million (cash- and debt-free). The acquisition is a strategic add-on to Piab Group that expands its product offering, geographic reach and exposure to end markets such as semiconductors, aerospace and logistics; Alum-a-Lift generated approximately USD 26m in revenue for the 12 months to Dec 2023 and has ~80 employees.

Hillman Solutions Corp. (Nasdaq: HLMN) has acquired Intex DIY, Inc., a supplier and manufacturer of wiping cloths, consumable rags and cleaning textiles, to expand its Protective Solutions business. The bolt-on acquisition—made through Hillman’s wholly-owned subsidiary Big Time Products, LLC—adds Intex’s product suite and manufacturing/distribution capabilities (a facility outside Atlanta, Georgia) to Hillman’s portfolio; financial terms were not disclosed.

Spectris plc has completed the acquisition of Micromeritics Instrument Corporation from SFW Capital Partners for $630 million upfront plus up to $53 million in deferred consideration. Micromeritics, headquartered in Norcross, Georgia, is a maker of analytical instrumentation for particle and material characterization; the deal expands Spectris's capabilities and presence in materials characterization and clean-technology end markets.

River Associates Investments acquired Minerva Beauty, a Monroe, Georgia-based designer and supplier of salon equipment and furnishings, with the transaction closing on August 2, 2024. River Associates (via River VIII) will partner with Minerva's founders and management to pursue organic growth and complementary acquisitions to expand product categories and market share.

American Industrial Partners (AIP) has acquired AGCO Corporation's Grain & Protein division in an all-cash divestiture, creating a standalone, privately held business rebranded as Grain & Protein Technologies. The business, which operates leading brands including GSI, Cumberland, AP, Tecno and Cimbria, generates approximately $1 billion in annual revenue, employs ~3,200 people across 14 manufacturing facilities globally, and will be led by CEO Jacob Thomas.

An affiliate of Mill Point Capital LLC has completed the acquisition of the commercial refrigeration and foodservice equipment businesses of FEMSA (doing business as Imbera and Torrey) in a cross‑border corporate carve‑out, establishing AeriTek Global LLC as a standalone platform. The transaction unites the Imbera and Torrey brands under Mill Point's ownership to support product innovation, sustainability initiatives and expanded aftermarket services from the company's Kennesaw, Georgia headquarters.

Hayward Holdings, Inc. has acquired ChlorKing, a U.S. leader in commercial pool saline chlorinators and UV disinfection systems, to expand its commercial water treatment technology and product offering. ChlorKing will continue to operate from its Atlanta, Georgia facility and its team and products will be integrated into Hayward's commercial product portfolio.

Electrical Components International (ECI), a Cerberus-backed industrial technology platform, has acquired Flex-Tec, Inc., a North American supplier of electrical wire harnesses and cable assemblies headquartered in Byromville, Georgia. The acquisition is an add-on to ECI's Industrial Tech platform to expand its capabilities and presence in commercial LED, smart lighting controls, and IoT end markets, with Flex-Tec continuing to operate under its current management from Byromville and a manufacturing facility in Monterrey, Mexico.

Japanese boiler manufacturer Miura Co., Ltd. has acquired Cleaver-Brooks, a U.S.-based provider of packaged boilers and boiler-room solutions headquartered in Thomasville, Georgia. The deal expands Miura's global manufacturing and service footprint and positions the combined business to better serve heat-intensive industrial end markets in North America.

Garden City Equity has invested in WeBuild, a manufacturer of custom store elements and provider of turn‑key program management services for national restaurant and retail franchise brands. The investment complements Garden City Equity's recent investment in Wathco and creates an integrated capability set—fabrication, logistics, installation and project management—for multi-site brand rollouts. Notable individual investors in WeBuild include Drew Brees and Perry Rogers.

Tamarix Equity Partners completed a strategic equity investment in Diamond Builders, Inc. (DBI), a Douglas, Georgia–based manufacturer of prefabricated modular buildings, with WoodLake Group partnering on the transaction. The capital will support DBI’s continued growth as a commercial modular manufacturer serving education, industrial, healthcare, disaster-relief and military end markets and will partner with DBI’s founding Waldron family to scale operations.

Fort Point Capital, a Boston-based private equity firm, has acquired Ice House America, LLC, the largest automated retail ice and water platform in the United States, from existing investor Ulysses Management LLC. Fort Point plans to support IHA's growth by expanding the company-owned fleet, broadening sales capabilities, and investing in aftermarket and software capabilities; Ulysses will remain a minority investor and Barings provided debt financing.

Solenis, a Wilmington, Delaware-based specialty chemicals producer owned by Platinum Equity, acquired CedarChem LLC and its operating assets on October 2, 2023. CedarChem, headquartered in Cedartown, Georgia, supplies water and wastewater treatment products to industrial and municipal customers in the southeastern United States; the deal expands Solenis' product and service capabilities and regional go-to-market presence.

Heritage Growth Partners LLC, a private family investment office, led a growth recapitalization of CAB Worldwide LLC in a transaction that included a senior secured debt facility from PNC Bank. The investment is intended to support CAB’s operations, expand capabilities, and fund future acquisitions, with Heritage Growth principals joining CAB’s board.

Merit Capital Partners and BlueArc Capital Partners partnered with CyCan management to acquire CyCan Industries, Inc., a Woodstock, Georgia–based developer and manufacturer of specialty aerosol and chemical products. Merit provided subordinated debt and equity as part of the transaction; the investment aims to support continued growth of CyCan's contract manufacturing and branded Quality Aerosols business across construction, HVAC, woodworking, household and automotive end markets.

Canada-based Steelcon Fabrication (Steelcon Group of Companies) has acquired Hammett Steel, an AISC-certified structural and miscellaneous steel fabricator based in Columbus, Georgia. The deal (closed January 31, 2023) establishes Steelcon's U.S. operations headquarters at Hammett's 200,000 sq ft facility, expands SIN beam production capacity, and is expected to support the creation of up to 200 high-skilled manufacturing jobs as production ramps.

Peak Toolworks, an Audax Group portfolio company, acquired Expert Die, Inc., a Georgia-based blade sales and saw-sharpening provider. The acquisition was supported by financing from Granite Creek Capital Partners' FlexCap II fund, in partnership with Muzinich BDC, Inc., with PNC Bank remaining as a lender; the deal expands Peak's service footprint in the southern U.S.

Tonka Bay Equity Partners announced the sale of Engineered Specialty Products (ESP), a Kennesaw, Georgia-based provider of pressure and temperature instrumentation. During Tonka Bay’s ownership ESP expanded engineering capabilities, launched proprietary product lines, grew exclusive supplier agreements and completed an add-on acquisition; the buyer was not disclosed in the announcement.

Shoreline Equity Partners has partnered with C&S Chemicals, a Marietta, Georgia-based provider of water treatment and animal health chemicals, to support the company’s growth strategy. The Chandler brothers retain a significant ownership stake and will continue to lead the business as Shoreline provides capital and acquisition expertise to pursue organic growth and add-on acquisitions.

Electric Research and Manufacturing Cooperative, Inc. (ERMCO), a subsidiary of Arkansas Electric Cooperatives, Inc. (AECI), has acquired Spire Power Solutions L.P. from Mill Point Capital. The deal combines two North American transformer manufacturers to expand production capacity and extend product offerings into renewable energy and data center markets.

Mangrove Equity Partners, a Tampa-based lower middle-market private equity firm, has acquired Atlas Greenhouse, an Alapaha, Georgia-based manufacturer and distributor of commercial greenhouses and related accessories. Heritage Capital Group served as Atlas's exclusive financial advisor; Mangrove said it will partner with Atlas president Mark Davis to professionalize operations and support the company's next phase of growth.

Altus Capital Partners, a U.S.-based private equity firm focused on middle-market manufacturing, has acquired Pinnacle X-Ray Solutions, LLC, a Suwanee, Georgia manufacturer of non-destructive testing (NDT) X-ray and CT systems and related inspection services. The acquisition is a new platform investment for Altus; Pinnacle's management will remain in place and financial terms were not disclosed.

Dunes Point Capital, LP (via Dunes Point Capital Fund III) has acquired Kwalu, LLC, a designer and manufacturer of premium furnishings serving the healthcare and senior living markets. Kwalu is headquartered in Atlanta, Georgia, operates a manufacturing facility in Matamoros, Mexico, maintains showrooms in Atlanta and Chicago, and employs approximately 800 people; debt financing was provided by Twin Brook Capital Partners.

All States Ag Parts (ASAP), a Kinderhook-backed supplier of agricultural and construction parts, acquired Romac Industrial Parts, a Woodstock, Georgia-based maker/distributor of ground engaging tools such as bucket teeth, blades and rubber tracks. The deal is ASAP's fourteenth add-on since partnering with Kinderhook and expands ASAP's construction parts offering and distribution footprint across North America.

Schweitzer‑Mauduit International (SWM) and Neenah, Inc. completed a merger of equals to form Mativ Holdings, Inc., a global specialty materials company with approximately $3.0 billion in annual sales. The transaction creates a scaled platform headquartered in Alpharetta, Georgia, with expected cost synergies of $65+ million and combined capabilities across filtration, engineered papers, protective solutions, healthcare and packaging.

K-Tec Earthmovers and Ashland Industries, operating together as K.A. Group and owned by family office Kinperium Industries, have acquired Metalcraft of GA, Inc., a manufacturer of large-capacity land-leveling and fine-grading scrapers. The Metalcraft facility in Louisville, Georgia will continue to be managed by founder Dayton Ratzlaff; the acquisition adds a Southeastern U.S. manufacturing presence and expands K.A. Group's product offerings for construction, mining and agriculture markets.

MacPherson's, a leading North American distributor of art and creative materials, acquired the FREDRIX canvas brand from Tara Materials on April 8, 2022. The purchase gives MacPherson's ownership of one of the oldest U.S. fine art canvas brands and expands its product portfolio and distribution of premier canvas products across North America; terms were not disclosed.

Nucor Corporation acquired steel racking manufacturer Elite Storage Solutions for $75 million. The deal expands Nucor's steel racking capabilities and establishes a manufacturing presence in the U.S. Southeast to better serve customers nationwide.

Odyssey Investment Partners has acquired Pexco LLC, a North American engineered plastic components manufacturer, from AEA Investors. Pexco’s management team, led by CEO Sam Patel, will remain invested alongside Odyssey as the company pursues further organic and inorganic growth across traffic safety, lighting, fluid handling and other specialty industrial end markets.

Fibrix Filtration, a portfolio company of Branford Castle Partners, has acquired Americo Manufacturing Co. from Blue Sage Capital and the founding Rones family and combined the two businesses under a new holding company, Clean Solutions Group. Brookside Capital Partners (subordinated debt and equity) and Byline Bank provided financing to support the transaction; Americo is a Georgia-based manufacturer of sustainable nonwoven floor pads, hand pads and matting.

MSD Partners (via its MSD Private Capital strategy) has made a strategic investment in East West Manufacturing, partnering with management to support the company’s continued expansion of end-to-end product realization, manufacturing and supply-chain capabilities. Financial terms were not disclosed; management remains significant owners while Emigrant Capital Corporation and Heritage Growth Partners LLC are exiting their investments.

Sentinel Capital Partners has acquired The Recreational Group (RG), a Dalton, Georgia-based designer, manufacturer and installer of premium recreational surfacing products, from Eagle Merchant Partners. The Recreational Group is a vertically integrated platform operating turf manufacturing, modular tile manufacturing, distribution and installation brands including Viridian Fiber, Engineered Turf, CH3, SwissTrax and VersaCourt.

MTN Capital Partners and Argosy Private Equity acquired AM-GPP Holdings, LLC d/b/a Global Power Products on December 30, 2021, in partnership with the company’s founders. The investment will provide capital and operational support to expand GPP’s product development and marketing efforts across its commercial, industrial and residential end markets.

Unibloc Pump, a May River Capital portfolio company, has acquired Standard Pump, a Duluth, Georgia manufacturer of sanitary and industrial process pumps. The acquisition expands Unibloc's hygienic flow control product offering, in-house fabrication capabilities, and distribution reach across food & beverage, pharmaceutical, chemical, and other process manufacturing end markets.

LFM Capital, a Nashville-based private equity firm, has acquired SureKap Inc., a Winder, Georgia manufacturer of automated packaging machinery. The transaction creates a new portfolio company for LFM and is intended to support SureKap's growth by expanding capacity, capabilities, and aftermarket service offerings across food & beverage, pharmaceutical, nutraceutical and cosmetics end markets.

Weinberg Capital Group and North American Kitchen Solutions (NAKS) have acquired Lane Mechanical Inc., a Dallas, Georgia-based commercial kitchen sheet metal fabricator. The acquisition adds a second manufacturing plant to NAKS, providing increased production capacity, faster regional delivery and expanded custom-fabrication capabilities for the company's HoodMart/ventilation systems business.

Techniplas, LLC has acquired the Molded Products Division of Lyle Industries, Inc., a Tier 1 supplier of cargo systems, carpeted trim and molded floors for luxury SUVs and electric passenger cars. The divestiture gives Techniplas new strategic manufacturing locations in the U.S. Southeast and complementary molding process capabilities while Lyle Industries will continue to supply premium carpet to the business.