Tracked deals
198
198 tracked deals across 2000-2026.
Manufacturing Buyers & Acquisitions in Illinois
Buyer mix
Mixed buyer set
148 pe · 129 strategic
Top trend
Volume peaked in 2025
35 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Zurn Elkay Water Solutions signed to acquire Intellihot, a tankless water heating systems provider for commercial and institutional buildings (expected early Q3 2026; financial terms not disclosed).
- Platinum Equity agreed to acquire Tangent Technologies from The Sterling Group (expected third quarter of 2026; financial terms not disclosed).
- Private equity activity shows platform-building, including Union Park Capital for precision motion control and Radial Equity Partners merging Cortina with its portfolio company Plasticade.
- Capability expansion appears in industrial process and materials businesses, such as B & B Electroplating Co. acquiring Rapid Electroplating Process (closed March 16, 2026) and PRO-SET Formulated Resin Systems expanding formulated coatings and laminating adhesive capabilities via Universal Chemicals and Coatings (UNICHEM).
- Foodservice equipment and related manufacturing are also represented, including Ali Group completing the acquisition of BUNN (Bunn Commercial LP) and CFS Brands acquiring Cornerstone Foodservice Group.
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Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| CORE Industrial Partners | 3 | Industrial‑focused private equity firm investing in North... | PE |
| LFM Capital | 3 | Middle‑market private equity firm investing in U.S.-based... | PE |
| River Associates Investments | 3 | Lower middle-market private equity firm making control an... | PE |
| Aldine Capital Partners | 2 | Chicago-based private equity firm providing control and m... | PE |
| Atlas Holdings | 2 | Private investment firm that owns and operates platform c... | PE |
| Audax Private Equity | 2 | Middle-market private equity firm focused on growth-orien... | PE |
| CORE Industrial Partners LLC | 2 | Chicago-based private equity firm investing in North Amer... | PE |
| Fathom | 2 | On‑demand digital manufacturing and contract manufacturer... | Strategic (PE-backed) |
| GWS Tool Group | 2 | North American vertically integrated manufacturer of engi... | Strategic (PE-backed) |
| Gemspring Capital | 2 | Middle-market private equity firm focused on control and ... | PE |
Acquisition Volume in Manufacturing in Illinois by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
July 20, 2026
- Buyer
- Zurn Elkay Water Solutions
- Target
- Intellihot
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Zurn Elkay Water Solutions has signed an agreement to acquire Intellihot, a privately held provider of tankless water heating systems for commercial and institutional buildings. The deal is expected to close in early Q3 2026, and financial terms were not disclosed.
-
July 3, 2026
- Buyer
- Whisper Marine, LLC, Whisper USA, LLC
- Target
- Crownline Boats
- Seller
- Crownline (no specific seller named)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Whisper Marine, LLC acquired Crownline Boats, a U.S. manufacturer of sport, deck and cruiser boats headquartered in West Frankfort, Illinois. The deal was announced June 29, 2026, and Whisper said it plans to invest in product development and expanded capacity at Crownline’s Illinois facility.
-
- Buyer
- Platinum Equity
- Target
- Tangent Technologies
- Seller
- The Sterling Group
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
The Sterling Group entered into a definitive agreement to sell Tangent Technologies to Platinum Equity. Tangent is a manufacturer of high-performance synthetic materials made from post-consumer and post-industrial recycled feedstock, headquartered in Aurora, Illinois. Financial terms were not disclosed and the transaction is expected to close in the third quarter of 2026.
-
- Buyer
- Strategic buyer (name not disclosed)
- Target
- Ironform Holdings Co.
- Seller
- Wynnchurch Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Wynnchurch Capital announced the sale of Ironform Holdings Co. to a strategic buyer. The transaction marks the culmination of Wynnchurch’s multi-year operational and commercial transformation of Ironform, positioning it as a heavy-equipment metal-fabrication platform with strong delivery and quality.
-
- Buyer
- B & B Electroplating Co., Inc.
- Target
- Rapid Electroplating Process, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
B & B Electroplating Co., Inc. acquired Rapid Electroplating Process, Inc. The transaction closed on March 16, 2026.
-
March 12, 2026
- Buyer
- Ali Group
- Target
- Bunn Commercial LP (BUNN)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Ali Group announced it has completed the acquisition of Bunn Commercial LP (BUNN), formerly known as Bunn-O-Matic Corporation. Terms of the transaction were not disclosed, and BUNN will join Ali Group’s global foodservice equipment portfolio, operating in North America as part of the Welbilt portfolio.
-
February 26, 2026
- Buyer
- BMR Suspension
- Target
- Heidts Suspension
- Seller
- Miller Performance Products, Hart Marx Advisors
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
BMR Suspension, a performance automotive suspension and chassis parts manufacturer based in Florida, has acquired Heidts Suspension, a musclecar and hot-rod suspension parts manufacturer based in Lake Zurich, Illinois. The companies will continue to operate independently while collaborating on new product lines; financial terms were not disclosed.
-
February 5, 2026
- Buyer
- 26North Partners LP
- Target
- Middleby's Residential Kitchen business, Composition Brands
- Seller
- The Middleby Corporation
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
26North Partners completed the acquisition of a controlling interest (51% stake) in The Middleby Corporation’s Residential Kitchen business. The business was rebranded as Composition Brands and will operate as an independent platform for premium and ultra-luxury residential kitchen and outdoor living brands, while Middleby retains a significant non-controlling 49% interest through a joint venture structure.
-
- Buyer
- PRO-SET Formulated Resin Systems, LLC, Iron Path Capital
- Target
- Universal Chemicals and Coatings, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
PRO-SET Formulated Resin Systems, LLC (a holding of Iron Path Capital) has acquired Universal Chemicals and Coatings, Inc. (UNICHEM), a family-owned manufacturer of industrial coatings, laminating adhesives and container linings. The deal expands PRO-SET’s formulated coatings and laminating adhesive capabilities as an add-on to its growing resin systems platform; financial terms were not disclosed.
-
January 8, 2026
- Buyer
- Radial Equity Partners
- Target
- Cortina (Cortina Tool & Molding Co.)
- Seller
- Giannelli family (founding family / existing owners)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Radial Equity Partners has acquired Cortina, a Franklin Park, Illinois-based manufacturer of traffic and work zone safety products, and will merge it with Radial’s 2024 portfolio company Plasticade. The Giannelli family will retain an ownership stake and Matt Soule has been named interim CEO of the combined business to accelerate growth and expand product and manufacturing capabilities.
-
December 12, 2025
- Buyer
- Union Park Capital
- Target
- GAM Enterprises
- Seller
- Gary Michalek (founder)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Boston-based private equity firm Union Park Capital has acquired GAM Enterprises, a Mount Prospect, Illinois manufacturer of precision gear reducers, couplings, and custom motion control solutions. The deal establishes GAM as the platform for Union Park’s new precision motion control strategy to accelerate growth, expand capabilities, and pursue strategic add-on acquisitions; terms were not disclosed.
-
December 10, 2025
- Buyer
- TARAtps
- Target
- Chicago Offset
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
TARAtps, a leading South Korean printing company, has completed the full acquisition of Illinois-based commercial printer Chicago Offset and established TARA USA as its first overseas corporate entity. The deal creates a dual-production system that aligns TARAtps' large-scale capacity in Paju with Chicago Offset's U.S.-based manufacturing to shorten lead times and better serve North American publishers, corporate clients, and K-content partners.
-
December 4, 2025
- Buyer
- CFS Brands
- Target
- Cornerstone Foodservice Group
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
CFS Brands, the Oklahoma City–based foodservice products manufacturer, has acquired Cornerstone Foodservice Group (CFG), the Naperville, Illinois–headquartered owner of Spring USA, LloydPans, Equipex, Astra and Versa‑Gard. The deal brings CFG’s manufacturing footprint and complementary commercial foodservice equipment brands into CFS Brands’ portfolio to broaden product capabilities and deepen its front- and back-of-house offering.
-
December 2, 2025
- Buyer
- Opus Water, XPV Water Partners
- Target
- Yeary Controls
- Seller
- Yeary Controls (selling shareholders; founder Art Yeary referenced)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Opus Water, a water infrastructure platform backed by XPV Water Partners, has acquired Yeary Controls, a Chicago-based maker of control valves, actuators, and flow-control accessories. The add-on deal (closed in November 2025) expands Opus Water's engineered flow-control capabilities across water, wastewater and industrial process-fluid markets.
-
November 24, 2025
- Buyer
- Loparex
- Target
- Enterprise Coated Products Inc.
- Seller
- Thomas J. Novak, George Novak, Bill Novak
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Loparex, a PE-backed global producer of release liners, has acquired Enterprise Coated Products Inc., a Manteno, Illinois-based manufacturer of silicone-based release liners. The acquisition combines Loparex's scale and market reach with Enterprise's narrow-web, small-batch manufacturing expertise to expand capabilities and better serve customers across tape, healthcare, hygiene, graphics and related end markets.
-
Guardian Capital Partners and EA Advisors Complete Majority Recapitalization of Raptor Power SystemsNovember 20, 2025
- Buyer
- Guardian Capital Partners, EA Advisors
- Target
- Raptor Power Systems
- Seller
- Peter and Evan El Koury (Raptor founding family)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Recapitalization
Guardian Capital Partners, alongside co-investor EA Advisors, completed a majority recapitalization of Raptor Power Systems to support the manufacturer’s next phase of growth. The transaction partners Guardian and EAA with Raptor’s founding family (Peter and Evan El Koury) to expand capacity and serve growing demand from data centers and other mission-critical end markets.
-
November 11, 2025
- Buyer
- Owner Resource Group, LLC
- Target
- Acme Industries, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Recapitalization
Owner Resource Group (ORG), an Austin-based private investment firm, has completed a recapitalization investment in Acme Industries, Inc., a specialty manufacturer of complex precision-machined parts and assemblies headquartered in Elk Grove Village, Illinois. Management, led by CEO John Devine, remains meaningful owners and will continue to lead operations while the capital will be used to support organic growth, invest in equipment and capabilities, and pursue strategic acquisitions.
-
September 18, 2025
- Buyer
- Pentair plc
- Target
- Hydra-Stop LLC
- Seller
- Madison Industries
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Pentair plc entered into a definitive agreement to acquire Hydra-Stop LLC from Madison Industries for approximately $290 million in cash, subject to customary adjustments. The deal is expected to close by the end of 2025, with about $50 million of expected tax benefits reducing the net transaction value to roughly $240 million.
-
September 2, 2025
- Buyer
- Bradford, Gemspring Capital
- Target
- Solo Laboratories, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Bradford, a portfolio company of Gemspring Capital, has acquired Solo Laboratories, Inc., a developer and manufacturer of liquid and aerosol personal care products. The deal combines Bradford's solids expertise with Solo Labs' liquids and aerosols capabilities to create a unified personal care manufacturing platform; terms were not disclosed.
-
August 1, 2025
- Buyer
- LEGEND
- Target
- Corplex Romeoville extrusion plant
- Seller
- Corplex
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Divestiture
LEGEND, a Canadian provider of commercial vehicle upfitting products, has acquired the extrusion plant in Romeoville, Illinois that was previously operated by Corplex. The facility will operate as LEGEND USA and support both Corplex’s existing packaging customers and LEGEND’s expanding North American manufacturing and aftermarket capabilities, reinforcing vertical integration and supply‑chain resilience.
-
July 28, 2025
- Buyer
- Transom Capital Group
- Target
- SigmaTron International, Inc.
- Seller
- Public shareholders of SigmaTron International
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Transom Capital Group completed a take-private acquisition of SigmaTron International, purchasing outstanding shares for $3.02 per share and removing SigmaTron from Nasdaq. The acquisition positions Transom to drive operational improvements, accelerate strategic M&A and support SigmaTron's growth across its global electronic manufacturing services footprint.
-
- Buyer
- Pacific Shoring Products, LLC, Palm Peak Capital, LLC
- Target
- Prospan Shoring
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Pacific Shoring Products, a portfolio company of Palm Peak Capital, has acquired Prospan Shoring, a Bensenville, Illinois-based maker of aluminum pneumatic vertical shoring and vehicle stabilization products. The deal includes Prospan's patents and trademarks, and Prospan's president and product inventor, James (Jim) Sullivan, will join Pacific Shoring as Safety and Rescue Product Manager to support product and capability expansion.
-
July 16, 2025
- Buyer
- Adkev
- Target
- Winzeler Gear
- Seller
- John Winzeler
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Family-owned injection molder Adkev of Goodland, Indiana has acquired Winzeler Gear of Harwood Heights, Illinois. The deal brings Winzeler’s ~40+ employees, 42 injection molding machines and precision plastic-gear capabilities into Adkev’s manufacturing platform to expand capabilities across automotive and non-automotive end markets.
-
July 15, 2025
- Buyer
- LBS
- Target
- Pilgrim Packaging
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
LBS, a 100% employee‑owned bookbinding and packaging materials company based in Des Moines, acquired Pilgrim Packaging, a specialty converted‑materials supplier to the floral industry. Pilgrim will continue operating from its Huntley, Illinois location as LBS's third division; terms were not disclosed and LBS said it will invest in additional equipment and material offerings to expand converting capabilities.
-
July 9, 2025
- Buyer
- Spartan Fastener
- Target
- American Jebco
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Spartan Fastener has acquired American Jebco, a specialty cold-heading fastener manufacturer, to expand its product offering, manufacturing capabilities, and North American market reach. Key leadership at American Jebco will remain in place to ensure continuity; financial terms were not disclosed.
-
July 7, 2025
- Buyer
- Chamberlain Group
- Target
- Arrow Tru-Line
- Seller
- MiddleGround Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Chamberlain Group entered into a definitive agreement to acquire Arrow Tru-Line (ATL) from MiddleGround Capital. The acquisition is intended to expand Chamberlain’s product portfolio by adding garage door hardware, improving channel partner offerings and creating revenue and cost synergies.
-
July 1, 2025
- Buyer
- James Hardie Industries plc, JH North America Holdings Inc.
- Target
- The AZEK Company Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
James Hardie Industries plc entered into a definitive agreement to acquire The AZEK Company Inc. in a cash-and-stock transaction valued at $8.75 billion, including AZEK’s net debt. The deal was financed through debt and bridge financing, with proceeds used to fund the acquisition and repay AZEK’s existing credit facilities. The acquisition was later completed, with AZEK delisting from the NYSE.
-
- Buyer
- Atlas Holdings
- Target
- EVRAZ North America (EVRAZ Inc. NA and EVRAZ Inc. NA Canada)
- Seller
- EVRAZ plc (ultimate parent)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Atlas Holdings has completed the acquisition of EVRAZ Inc. NA and EVRAZ Inc. NA Canada (together, EVRAZ North America) and has formed Orion Steel to operate the acquired businesses. The transaction creates a well-capitalized North American steel platform with ~3,400 employees, significant steelmaking and finished steel capacity, and operations in the United States and Canada.
-
- Buyer
- GE Aerospace
- Target
- Northstar Aerospace
- Seller
- Wynnchurch Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Wynnchurch Capital has sold Northstar Aerospace, a Bedford Park, Illinois-based manufacturer of flight-critical and non-flight-critical aircraft parts, to GE Aerospace. Northstar produces complex components such as gears, housings, assemblies and shafts for helicopter transmission systems; Vedder Price provided legal counsel to Wynnchurch and Lincoln International and Moelis & Company served as financial advisors.
-
June 13, 2025
- Buyer
- Pursuit Aerospace
- Target
- Larson Forgings, Inc.
- Seller
- Charles E. Larson & Sons (Larson family)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Pursuit Aerospace has completed the acquisition of Larson Forgings, a 130-year-old provider of seamless rolled rings and open-die forgings that serves OEM and Tier 1 aerospace and defense customers. The deal adds rolled ring forging, heat treat and NDT capabilities to Pursuit's manufacturing platform to expand its ability to supply forged aerospace components.
-
- Buyer
- Boyne Capital, Capitala Group
- Target
- McNish, LLC
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Boyne Capital has made a platform equity investment in McNish, LLC, the Aurora, Illinois-based designer and manufacturer of wastewater treatment equipment (which operates the Walker Process Equipment, Amwell, and E&I Corporation brands). Capitala Group led a senior debt financing package and provided a minority equity co-investment to support the transaction and McNish's growth in the municipal water and wastewater market.
-
May 13, 2025
- Buyer
- GNPGraystar, SurfacePrep
- Target
- UK Abrasives, Inc.
- Seller
- Vladimir Kompan, Vitaly Slobodsky, Mark Gorelik
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
GNPGraystar, a subsidiary of SurfacePrep, has acquired UK Abrasives, Inc., a Northbrook, Illinois manufacturer and distributor of high-performance abrasives and superabrasive products. The transaction, which closed May 9, 2025, expands SurfacePrep/GNPGraystar's specialty materials capabilities and product offerings across end markets including nuclear, defense, and steel and aluminum production.
-
May 1, 2025
- Buyer
- Flow Control Management, Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Aquatrol Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Flow Control Management (FCM), a holding company sponsored by The Edgewater Funds, has acquired Aquatrol Inc., a U.S. manufacturer of safety and pressure relief valves headquartered in Elburn, Illinois. The add-on expands FCM's valve product offering and capabilities in safety and pressure relief valves to support its flow-control platform.
-
April 29, 2025
- Buyer
- Lippert Components, Inc. (LCI Industries)
- Target
- Freedman Seating Company
- Seller
- Freedman Seating Company (Freedman family)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Lippert Components, Inc., a wholly owned subsidiary of LCI Industries, has acquired substantially all of the business assets of Freedman Seating Company, a Chicago-based manufacturer of transportation seating solutions. The acquisition expands Lippert’s product offering into seating and vehicle interiors for bus, rail, marine and commercial vehicle markets and preserves Freedman’s Chicago operations.
-
April 23, 2025
- Buyer
- MPE Partners
- Target
- Intermatic LLC
- Seller
- Kinney family
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
MPE Partners has completed an investment to acquire Intermatic LLC, a 130+-year-old Libertyville, Illinois-based manufacturer of electrical and mechanical controls for lighting, irrigation, HVAC/R and pool & spa applications. The transaction, from the founding Kinney family, positions Intermatic for accelerated product innovation (including digital and integrated controls), continued penetration of electrical distribution channels, and potential complementary add-on acquisitions.
-
April 22, 2025
- Buyer
- LFM Capital, Tecum Capital
- Target
- Marcy Laboratories
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
LFM Capital led a control investment in Marcy Laboratories, a Glendale Heights, Illinois-based contract manufacturer serving fragrance and beauty brands, with Tecum Capital supporting the transaction. Management (Kevin Morton and Mike Buehler) will continue to lead the company and the investors plan to expand Marcy's operations, automation, and manufacturing capabilities; financial terms were not disclosed.
-
April 7, 2025
- Buyer
- Altus Capital Partners, Centerfield Capital Partners, ALM Positioners senior leadership team
- Target
- ALM Positioners, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Altus Capital Partners and Centerfield Capital Partners, together with ALM Positioners' senior leadership team, have acquired ALM Positioners, a Rock Island, Illinois-based manufacturer of automated positioning equipment for welding, assembly and fabrication. The transaction is a new platform investment to support ALM's growth and will keep the existing management team in place; financial terms were not disclosed.
-
- Buyer
- SkyMark Refuelers, LLC, Sky Island Capital
- Target
- Becker and Associates, Inc.
- Seller
- Mike Kramer (President and Owner of Becker)
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
SkyMark Refuelers, a Sky Island Capital portfolio company, has acquired Becker and Associates, Inc., a nearly 60-year supplier of aviation and ground fueling equipment based in East Dundee, Illinois. The acquisition is an add-on to SkyMark’s parts and aftermarket capabilities to expand its product offering across aviation, natural gas, oil and chemical processing end markets.
-
- Buyer
- Manufacturing Revitalization Corp. of America
- Target
- Technical Metals Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
El Paso-based Manufacturing Revitalization Corp. of America (MRCA) has acquired Technical Metals Inc., a Fairbury, Illinois-based metalworking and machining services provider. The deal brings Technical Metals' ~65 employees and 80,000-sq.-ft. facility into MRCA's aggregation strategy to preserve U.S. manufacturing capacity and expand legacy manufacturing capabilities.
-
February 14, 2025
- Buyer
- Busch Group USA
- Target
- Total Maintenance Solutions, LLC
- Seller
- St. Martin Holdings Company
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Busch Group USA has acquired Total Maintenance Solutions, LLC (TMS), a Milan, Illinois-based maker and servicer of vacuum pumps and blowers, from St. Martin Holdings Company. TMS will continue operating as an independent division with existing staff, and the deal strengthens Busch's capabilities and market position—particularly in the food packaging and protein end markets.
-
- Buyer
- Victor Capital Partners
- Target
- B-O-F Corporation
- Seller
- LaSalle Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Victor Capital Partners has acquired B-O-F Corporation, a designer and manufacturer of patented gravity-flow and specialty retail shelving, in a transaction with selling sponsor LaSalle Capital. The investment will partner Victor Capital with B-O-F senior management to accelerate product innovation, expand the company’s offerings, and grow its North American footprint; terms were not disclosed.
-
January 31, 2025
- Buyer
- Techmer PM
- Target
- Colors For Plastics
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Techmer PM has acquired Colors for Plastics, a provider of color concentrates and custom color solutions, in a deal that closed January 31, 2025. The acquisition expands Techmer PM's product offerings and color technology capabilities, and brings Colors for Plastics' Elk Grove Village, Illinois and Spartanburg, South Carolina sites and employees into Techmer's organization.
-
- Buyer
- All-State Industries, Inc., Blue Sage Capital
- Target
- United Gasket Corp., Gaskoa, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
All-State Industries, a portfolio company of Blue Sage Capital, has acquired United Gasket Corp. and its subsidiary Gaskoa, Inc. United Gasket — a Cicero, Illinois–based manufacturer of custom non-metallic components — will remain led by CEO Mark Pahios and the deal expands All-State's die-cutting and non‑metallic component capabilities. The transaction (completed Dec. 31, 2024) is the fourth add-on for the All-State platform since partnering with Blue Sage and was financed with support from TPG Twin Brook Capital Partners.
-
January 13, 2025
- Buyer
- Pelican Energy Partners
- Target
- Skolnik Industries
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Houston-based private equity firm Pelican Energy Partners has acquired Skolnik Industries, a Chicago-based manufacturer of customized carbon and stainless steel drums serving commercial and regulated end markets, including the nuclear industry. Skolnik will remain led by its current president, Dean Ricker; Pelican said the company's nuclear business was a key factor in the transaction as the firm continues to invest in nuclear-focused energy equipment and services.
-
January 7, 2025
- Buyer
- Matrix Adhesives Group, Goldner Hawn
- Target
- ROMAN Products, LLC
- Seller
- Salt Creek Capital
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
Matrix Adhesives Group, a portfolio company of private equity firm Goldner Hawn, has acquired ROMAN Products, LLC — a Calumet City, Illinois-based manufacturer of wallcovering adhesives — from Salt Creek Capital. The transaction is an add-on acquisition to Matrix’s adhesives platform intended to integrate Roman’s product portfolio, manufacturing and packaging capabilities into Matrix’s broader offerings.
-
December 24, 2024
- Buyer
- LindFast Solutions Group, Nautic Partners
- Target
- Big Bolt
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
LindFast Solutions Group (LSG), a portfolio company of Nautic Partners, has completed the acquisition of Big Bolt, a Bloomingdale, Illinois-based manufacturer of specialty fasteners. The add-on acquisition expands LSG's manufacturing capabilities and product offering to better serve distributor customers across North America; Lincoln International acted as exclusive financial advisor to Big Bolt.
-
November 15, 2024
- Buyer
- TE Connectivity
- Target
- Harger
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
TE Connectivity has acquired Harger, a U.S. manufacturer of lightning protection, grounding solutions and exothermic welding products. The acquisition expands TE's energy business unit capabilities and broadens its product portfolio for grid reliability across renewable power, utilities and industrial applications.
-
November 15, 2024
- Buyer
- River Associates Investments, L.P.
- Target
- ID Label, Inc.
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
River Associates Investments, L.P. acquired ID Label, Inc., a custom variable information barcode label and warehouse signage manufacturer based in Lake Villa, Illinois. The transaction closed on November 15, 2024.
-
October 21, 2024
- Buyer
- Tecum Equity, UMB Capital Corporation, LongWater Capital Solutions
- Target
- Kadon Precision and Aerospace
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Buyout
Tecum Equity has made an investment in Kadon Precision and Aerospace, a Rockford, Illinois-based precision machining and contract manufacturing company, with Kadon CEO Justin Franklin remaining in place. The deal includes senior debt from First Financial Bank and mezzanine/equity co-investment from UMB Capital Corporation and LongWater Capital Solutions; Tecum intends to support Kadon's growth through capability investments and add-on acquisitions.
-
October 8, 2024
- Buyer
- DGS Retail (Agility Retail Group), San Francisco Equity Partners
- Target
- SMS Display Group
- Industry
- Manufacturing
- Location
- Illinois, United States
- Type
- Addon
DGS Retail, a portfolio company of San Francisco Equity Partners, acquired SMS Display Group, a Chicago-area designer and manufacturer of retail fixtures and displays. The transaction supports DGS's rebranding to Agility Retail Group and expands its manufacturing and service capabilities across off-price retail, home improvement and other store channels; terms were not disclosed.
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Frequently Asked Questions
What types of manufacturing subsectors show up most often in Illinois deals here?
The listed transactions touch industrial coatings and resin systems, electroplating, metal fabrication and suspension/automotive components, precision motion control, commercial printing, and foodservice equipment.
Do these Illinois acquisitions mostly involve private equity or strategic buyers?
Both appear. Private equity firms such as Platinum Equity, Union Park Capital, and Radial Equity Partners are involved in multiple transactions, alongside strategic operators like Zurn Elkay Water Solutions and Ali Group.
Are financial terms publicly disclosed for these deals?
Not consistently. Several agreements and acquisitions note that financial terms were not disclosed, while some completed deals provide deal status and strategic rationale without disclosing terms.
Which transactions are already completed versus announced?
The page facts explicitly state completion for deals such as Ali Group acquiring BUNN and B & B Electroplating Co. acquiring Rapid Electroplating Process; other items describe signed agreements with expected closing in 2026.
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Private Equity-Backed Acquisitions in Illinois
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