Tracked deals
123
123 tracked deals across 2015-2026.
Manufacturing Buyers & Acquisitions in Indiana
Buyer mix
Mixed buyer set
96 strategic · 75 pe
Top trend
Volume peaked in 2021
25 tracked deals announced in 2021.
Primary Insight
What Stands Out
- Platform and add-on strategy appears repeatedly, including Blue Point Capital Partners’ support of National Safety Apparel (NSA) and other recurring investor-backed buyers.
- Metals and precision manufacturing are prominent target themes: fabrication, stamping/laser cutting, powder coating, precision machining, and photochemical etching.
- End-market expansion is commonly framed by deal rationale, including coverage for aerospace and medical (e.g., precision sensors and certified machining) and industrial/OEM applications.
- Indiana footprint expansion is a recurring message, whether through adding facilities, increasing operational capacity, or adding capabilities to serve OEM customers.
- Ongoing management continuity is explicitly mentioned in at least one transaction (SensorTec continuing with its existing team).
Build a buyer list for your Manufacturing deal
Find buyers actively acquiring manufacturing companies.
Find buyers like these for your dealBuyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| LCI Industries | 4 | Public manufacturer and distributor of engineered compone... | Strategic |
| Lippert Components, Inc. | 4 | Manufacturer and supplier of engineered components and pr... | Strategic |
| Airxcel, Inc. | 2 | Designer, manufacturer and distributor of products for th... | Strategic (PE-backed) |
| Ambassador Enterprises | 2 | Legacy-minded private equity firm investing in companies ... | PE |
| Arcline Investment Management | 2 | Growth-oriented private equity firm focused on building i... | PE |
| Arsenal Capital Partners | 2 | Private equity firm focused on industrial growth and heal... | PE |
| Blue Point Capital Partners | 2 | Private equity firm focused on investing in and scaling l... | PE |
| Branford Castle Partners, LP | 2 | Middle-market private equity firm that makes control inve... | PE |
| Brightstar Capital Partners | 2 | Middle-market private equity firm focused on partnering w... | PE |
| Champlain Capital Partners | 2 | Lower-middle-market private equity firm that partners wit... | PE |
Acquisition Volume in Manufacturing in Indiana by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
September 9, 2026
- Buyer
- Point 41 Capital Partners
- Target
- Safe-Way Garage Doors, LLC
- Seller
- CW Industrial Partners (CWI)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Recapitalization
Point 41 Capital Partners (Point 41) partnered with Safe-Way Garage Doors management to recapitalize Safe-Way, acquiring the company from CW Industrial Partners (CWI). The investment will support Safe-Way’s next phase of growth as it expands manufacturing and distribution and broadens its product portfolio.
-
August 13, 2026
- Buyer
- H2 Equity Partners
- Target
- Metals and Additives, William Blythe
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
H2 Equity Partners backed Metals and Additives, then combined it with William Blythe to create an international specialty chemicals platform. The merged platform focuses on regulated and mission-critical applications, with particular strengths in flame retardants and smoke suppressants across North America, Europe, and Asia.
-
- Buyer
- RealTruck Inc.
- Target
- LEER Group, SnugTop, Century, Pace Edwards by LEER, StateWide Windows, LEER business assets
- Seller
- JB Poindexter & Co.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
RealTruck, Inc. acquired LEER Group and related business assets from JB Poindexter & Co., bringing multiple truck-accessory brands under RealTruck ownership. The transaction includes LEER, SnugTop, Century, Pace Edwards by LEER, and StateWide Windows, with RealTruck targeting operational improvements and continued U.S. manufacturing support for the brands.
-
February 6, 2026
- Buyer
- Littlejohn & Co.
- Target
- 80/20
- Seller
- MPE Partners
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Littlejohn & Co. acquired 80/20, a modular T-slot aluminum framing manufacturer based in Columbia City, Indiana. The transaction was completed from MPE Partners to Littlejohn & Co.
-
February 2, 2026
- Buyer
- Airxcel, Inc.
- Target
- Synergy Designs LLC
- Seller
- Synergy Designs LLC leadership (not individually named)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Airxcel, Inc. announced that Synergy Designs LLC has joined the Airxcel family of companies. Synergy Designs—founded in 2021 and headquartered in Syracuse, Indiana—provides soft goods solutions for the RV market and has grown to a team of more than 50 employees in five years.
-
January 12, 2026
- Buyer
- National Manufacturing Group
- Target
- J.M. Hutton & Co.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
National Manufacturing Group, a multi-plant OEM supplier based in Troy, Michigan, has acquired J.M. Hutton & Co., a Richmond, Indiana metal fabricator with a 275,000-square-foot production facility. The deal expands National's metal stamping, laser cutting, and powder-coating capabilities and advances its vertical-integration strategy to better serve OEM customers in vocational truck, medical, food service and casket markets.
-
- Buyer
- National Safety Apparel (NSA), Blue Point Capital Partners
- Target
- NASCO Industries, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
National Safety Apparel (NSA), a Blue Point Capital Partners-backed platform, has acquired NASCO Industries, Inc., a U.S. manufacturer of flame-resistant rainwear and protective outerwear headquartered in Washington, Indiana. The add-on expands NSA's flame-resistant rainwear portfolio and strengthens its coverage in the electric utility PPE segment as part of the platform's continued roll-up strategy.
-
November 23, 2025
- Buyer
- Americo Chemical Products, LLC, Harbour Group Industries, Inc.
- Target
- Fusion Chemical
- Seller
- Matt East
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Americo Chemical Products, a Harbour Group company, has acquired Fusion Chemical, a Huntington, Indiana-based maker of specialty metalworking fluids. The deal brings Fusion's founder Matt East and his team into Americo and expands Americo's product portfolio with next-generation lubricants and coolants; terms were not disclosed.
-
November 6, 2025
- Buyer
- Junto Holdings Group, Inc.
- Target
- SensorTec, LLC
- Seller
- Grant Passwater
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Junto Holdings Group, Inc., a Minneapolis-based permanent-capital investment holding company, has acquired SensorTec, LLC, a Fort Wayne, Indiana manufacturer of precision temperature sensors. SensorTec will continue to operate independently from its Fort Wayne facility with the existing management and team remaining in place; the deal provides a long-term ownership structure and supports future growth while enabling the founder's succession.
-
November 4, 2025
- Buyer
- Mission Critical Group
- Target
- Leman Engineering and Consulting
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Mission Critical Group (MCG) has acquired Leman Engineering and Consulting (LEC), a Brookston, Indiana–based manufacturer of switchgear, control systems, and power distribution equipment. The acquisition strengthens MCG’s Midwest manufacturing footprint, expands its engineering capabilities, and establishes LEC as MCG’s R&D hub for power generation engineering and switchgear innovation.
-
October 20, 2025
- Buyer
- Solve Industrial Motion Group
- Target
- B&B Manufacturing
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Solve Industrial Motion Group has acquired B&B Manufacturing, a U.S. maker of power transmission and precision mechanical components headquartered in La Porte, Indiana. The deal expands Solve's domestic manufacturing footprint and broadens its drive train product capabilities, enabling faster lead times and increased made-to-order capabilities for industrial customers across North America.
-
October 17, 2025
- Buyer
- StenTech, Align Capital Partners
- Target
- Advanced Metal Etching, Inc.
- Seller
- Blake Geer (owner of AME)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
StenTech, an Align Capital Partners portfolio company, has acquired Advanced Metal Etching, Inc. (AME), a precision photochemical etching and laser-cutting specialist based in Ligonier, Indiana. The add-on expands StenTech's Parts Division capabilities — adding AME's Hybrid Etch-Laser Process and two facilities to strengthen precision parts manufacturing and broaden end-market exposure (aerospace, medical, automotive, defense and energy).
-
October 14, 2025
- Buyer
- Quad Innovations LLC
- Target
- Stoutco, Inc.
- Seller
- Ron Mason, Brian Conwell
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Quad Innovations LLC has acquired Stoutco, Inc., a Bristol, Indiana-based metal fabricator serving bus, cargo trailer and RV OEM markets. The purchase transfers ownership from co-owners Ron Mason and Brian Conwell to Quad, which expects to expand geographic coverage, operational capacity and product capabilities to better serve existing and new customers.
-
September 15, 2025
- Buyer
- Cornerstone Building Brands, Inc.
- Target
- Metal Sales Manufacturing Corporation
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Cornerstone Building Brands, a leading North American manufacturer of exterior building products, has acquired Metal Sales Manufacturing Corporation, a Sellersburg, Indiana–based manufacturer of metal building systems and components. The acquisition (Metal Sales: ~900 employees) expands Cornerstone's footprint to more than 100 plants and distribution locations and increases its participation in the high-growth residential metal building and components market.
-
August 11, 2025
- Buyer
- Winsert
- Target
- Mack Tool & Engineering
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Winsert, an advanced alloy components manufacturer based in Marinette, Wisconsin, has acquired Mack Tool & Engineering, a precision machining firm headquartered in South Bend, Indiana. The deal expands Winsert’s manufacturing capabilities and strengthens its presence in aerospace and medical end markets by adding Mack’s NADCAP- and AS-9100-certified machining expertise.
-
- Buyer
- Winsert, Altus Capital Partners
- Target
- Mack Tool & Engineering, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Winsert, a specialty-alloys manufacturer backed by Altus Capital Partners, has acquired Mack Tool & Engineering, a precision machining firm based in South Bend, Indiana. The add-on bolsters Winsert's machining capabilities and expands its exposure to aerospace and medical end markets.
-
July 15, 2025
- Buyer
- Kimura Foundry America
- Target
- VIP Tooling
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Kimura Foundry America, the U.S. subsidiary of Japan's Kimura Group, has acquired VIP Tooling, a precision tooling and CNC machining company based in Shelbyville, Indiana. The acquisition integrates VIP's machining capabilities with Kimura's 3D-printed casting technology to offer streamlined, full-service manufacturing solutions and improved lead times for customers in automotive, energy, and industrial manufacturing.
-
July 9, 2025
- Buyer
- Star Plastics, LLC, Akoya Capital Partners, LLC
- Target
- Trivalence Technologies, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Star Plastics, the Akoya Capital Partners-backed engineered thermoplastics compounder, has merged with Trivalence Technologies, LLC, a custom thermoplastic compounder based in Evansville, Indiana. The merger is an add-on to the Star Plastics platform intended to expand technical capabilities, product offerings, geographic reach, and tolling services for OEM and molder customers.
-
July 1, 2025
- Buyer
- Charger Investment Partners
- Target
- Versa-Drill
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Growth capital
Charger Investment Partners has partnered with Versa-Drill's management to acquire the Indianapolis-based manufacturer of mid-sized drilling rigs. Charger will provide growth capital to accelerate new product development and expand aftermarket parts and service offerings while founder and management retain significant ownership.
-
- Buyer
- Unnamed Chicago-based private equity firm
- Target
- Kennametal Stellite, L.P.
- Seller
- Kennametal Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Divestiture
Kennametal Inc. completed the sale of its Goshen, Indiana subsidiary, Kennametal Stellite, L.P., to a Chicago-based private equity firm for $19 million in cash at closing plus an EBITDA-based earn-out opportunity over three years. The seller characterized the transaction as a portfolio action to improve sales mix, reduce material cost volatility and better focus on long-term strategic priorities; the buyer was not named in the announcement.
-
April 29, 2025
- Buyer
- Kodiak LLC
- Target
- Sunocs LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Cincinnati-based specialty chemical company Kodiak LLC acquired Sunocs LLC, including its large grease and silicone manufacturing facility in Valparaiso, Indiana. The purchase expands Kodiak’s manufacturing capacity and product portfolio (notably greases and silicones), broadening its customer reach across metalworking, automotive/aerospace, packaging and energy end markets.
-
January 6, 2025
- Buyer
- Graycliff Partners
- Target
- Boss Industries, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Graycliff Partners has acquired Boss Industries, LLC, a La Porte, Indiana manufacturer of power take-off and engine-driven air compressors, generators, spray coating systems and vapor recovery units. Graycliff will partner with Boss management to pursue organic and inorganic growth and new product development to expand the company's capabilities and market reach.
-
- Buyer
- Graycliff Partners
- Target
- Boss Industries
- Seller
- Wynnchurch Capital
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Graycliff Partners has acquired Boss Industries, a LaPorte, Indiana-based manufacturer of power take-off and engine-driven air systems, from Wynnchurch Capital. The transaction represents a sponsor-to-sponsor exit for Wynnchurch and positions Graycliff to support Boss’ continued growth in utility, municipal water and service-truck end markets.
-
December 17, 2024
- Buyer
- MultiTech Industries, Argonaut Private Equity
- Target
- Sandin Manufacturing
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
MultiTech Industries, a portfolio company of Argonaut Private Equity, has acquired Sandin Manufacturing in a strategic add-on transaction. Dresner Partners served as sell-side advisor; the acquisition expands MultiTech’s manufacturing footprint and capabilities in wire rope, cable and coated metal products.
-
November 19, 2024
- Buyer
- Micronics Engineered Filtration Group, Vance Street Capital LLC
- Target
- Action Filtration
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Micronics Engineered Filtration Group, a portfolio company of Vance Street Capital, has acquired Action Filtration, an aftermarket manufacturer of pleated and cartridge filters for dust collection and air pollution control. The add-on expands Micronics’ engineered filtration portfolio and manufacturing footprint to better serve industrial end markets requiring environmental and emissions control expertise.
-
November 6, 2024
- Buyer
- Crane Company
- Target
- Technifab Products, Inc.
- Seller
- Short family, Noel Short
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Crane Company (NYSE:CR) completed the acquisition of Technifab Products, Inc., a Brazil, Indiana–based manufacturer of vacuum‑insulated pipe systems and cryogenic valves, for $40.5 million on a cash‑free, debt‑free basis. Technifab will join Crane's Process Flow Technologies segment, extending Crane's cryogenics capabilities into high‑growth semiconductor, medical and pharmaceutical end markets and expanding the company's geographic footprint.
-
October 21, 2024
- Buyer
- Acacia Research Corporation
- Target
- Deflecto Acquisition, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Acacia Research Corporation (Nasdaq: ACTG) acquired Deflecto Acquisition, Inc. (Deflecto), a specialty manufacturer serving the commercial transportation, HVAC and office markets, for $103.7 million. Deflecto — headquartered in Indianapolis, Indiana and operating nine manufacturing facilities globally — generated roughly $131 million of trailing twelve-month revenue and will continue to be led by its existing management team under Acacia's ownership.
-
September 18, 2024
- Buyer
- D.C. Humphrys
- Target
- Gosport Manufacturing
- Seller
- Joseph King / King family
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Philadelphia-based D.C. Humphrys has acquired Gosport Manufacturing, an 80-year-old Gosport, Indiana maker of tarpaulins and industrial textiles. The acquisition preserves local manufacturing operations and employees, with Humphrys planning to add capacity and begin producing some athletic products at the Gosport facility following Joseph King’s retirement.
-
September 17, 2024
- Buyer
- MITAR Private Capital
- Target
- Micromatic LLC
- Seller
- Forest Hill Partners LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
MITAR Private Capital, an Indianapolis-based private equity firm, has acquired Micromatic LLC, a Berne, Indiana manufacturer of rotary vane actuators, waste tippers and automation assembly systems, from Forest Hill Partners. Financial terms were not disclosed; Forest Hill Partners had owned Micromatic since 2005 and nearly tripled its revenues and earnings during its 19-year ownership.
-
August 18, 2024
- Buyer
- Sandvik AB, Walter (Sandvik Manufacturing and Machining Solutions)
- Target
- PDQ Workholding LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Sandvik AB, through its Walter division, has acquired PDQ Workholding LLC, a U.S.-based specialist in custom workholding fixtures and tooling. The deal strengthens Sandvik/Walter's machining solutions offering—particularly in the Americas—by adding workholding capabilities that provide earlier access to component projects and complement its cutting-tool business.
-
- Buyer
- Nix Industrial
- Target
- Huncilman Sheet Metal Fabrication
- Seller
- Gordon Huncilman, Jeffery Huncilman
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Poseyville-based Nix Industrial acquired majority ownership of New Albany-based Huncilman Sheet Metal Fabrication in a deal completed Aug. 12; financial terms were not disclosed. The combination creates a workforce of more than 200 employees, retains Parker Huncilman in a leadership/ownership role while outgoing owners Gordon and Jeffery Huncilman transition away, and is intended to expand capabilities and scale in metal fabrication across Indiana and the broader Midwest.
-
July 31, 2024
- Buyer
- Lincoln Electric Holdings, Inc.
- Target
- Vanair Manufacturing, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Lincoln Electric Holdings, Inc. has acquired Vanair Manufacturing, LLC, a Michigan City, Indiana-based maker of vehicle-mounted mobile power solutions including compressors, generators, welders, hydraulics and chargers. The deal (Vanair ~ $100M revenue) expands Lincoln Electric's product and channel capabilities into the service-truck market and will be reported in its Americas Welding segment.
-
- Buyer
- National Safety Apparel, Blue Point Capital Partners
- Target
- Tri-Star Glove
- Seller
- Rod Townsend, Eric Moll
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Blue Point Capital Partners-backed National Safety Apparel (NSA) has acquired Indiana-based Tri-Star Glove (TSG), a manufacturer of high-performance personal protective apparel and gloves serving automotive, foundry, fabrication and glass end-markets. The transaction is an add-on to NSA's platform and expands its hand-protection and custom PPE capabilities as NSA pursues continued M&A-driven growth under Blue Point's ownership.
-
- Buyer
- Fayat Group
- Target
- Asphalt Drum Mixers LLC
- Seller
- Boyd-Devine family
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Fayat Group acquired a controlling interest in Asphalt Drum Mixers LLC (ADM), effective July 1, 2024. ADM will join Fayat's Mixing Plants business unit while the Boyd-Devine family remains a minority owner and Mike Devine stays on as ADM president; the deal strengthens Fayat's road-construction equipment position in North America and creates product and distribution synergies with existing Fayat brands.
-
June 26, 2024
- Buyer
- Ennis, Inc.
- Target
- Printing Technologies, Inc. (PTI)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Ennis, Inc. (NYSE: EBF) has acquired Printing Technologies, Inc. (PTI), a manufacturer of labels, thermal printer rolls and other printing media based in Indianapolis, Indiana. Ennis said the acquisition will expand its product capabilities and enhance its printed media and labeling offerings to customers and distributors across multiple end markets.
-
- Buyer
- Main Street Capital Corporation, Nello Industries' founding management team, Unnamed co-investor
- Target
- Nello Industries, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Main Street Capital Corporation invested $36.9 million (a mix of first‑lien senior secured term debt and direct equity, plus a revolving credit facility) to support a management‑led buyout of Nello Industries, LLC. The capital package was provided alongside an unnamed co‑investor and the company's founding management team to support ownership transition and future growth initiatives at the South Bend, Indiana manufacturer of engineered steel poles and towers.
-
March 25, 2024
- Buyer
- Arsenal Capital Partners, BayPine LP
- Target
- Poly-Wood, LLC (POLYWOOD)
- Seller
- Mayfair Capital Partners (Oxford Financial Group)
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
An investor group led by Arsenal Capital Partners, in partnership with BayPine LP, has acquired Poly-Wood, LLC (POLYWOOD) from Mayfair Capital Partners (a division of Oxford Financial Group). POLYWOOD is a vertically integrated manufacturer of recycled HDPE outdoor living products headquartered in Syracuse, Indiana, employing about 1,650 people; Arsenal and BayPine plan to invest in organic and inorganic growth and further develop the company's digital capabilities.
-
March 5, 2024
- Buyer
- Aurora Material Solutions (Aurora Plastics, LLC), Nautic Partners
- Target
- EnCom Polymers, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Aurora Material Solutions, a Nautic Partners-backed polymer compounds manufacturer, has acquired EnCom Polymers, a specialty engineered thermoplastics manufacturer based in Evansville, Indiana. The add-on expands Aurora’s engineered thermoplastics capabilities and product offering—grouping EnCom with Enviroplas to strengthen Aurora’s Engineered Thermoplastics business segment and pursue synergies and growth.
-
- Buyer
- Acerinox, North American Stainless (NAS)
- Target
- Haynes International
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Acerinox entered into a definitive agreement to acquire Haynes International in an all-cash transaction valued at about $970 million enterprise value. Acerinox will buy all outstanding shares of Haynes for $61.00 per share through its wholly owned U.S. subsidiary, North American Stainless (NAS), and plans to invest about $200 million over four years in the combined U.S. operations, mostly in Kokomo, Indiana.
-
January 29, 2024
- Buyer
- Undisclosed strategic buyer
- Target
- Dalton Corporation
- Seller
- Speyside Equity
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Dalton Corporation, a portfolio company of Speyside Equity, has been sold to an undisclosed strategic buyer. Angle Advisors served as the exclusive investment banking advisor to Dalton and Speyside Equity in completing the transaction.
-
- Buyer
- Innovative Certified Metal Plating & Anodizing (INCERTEC)
- Target
- Circle City Heat Treating, Inc.
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Innovative Certified Metal Plating & Anodizing (INCERTEC) has acquired Circle City Heat Treating, Inc., a heat-treating, black oxide and cryogenics services provider headquartered in Indianapolis, Indiana. The transaction, advised by Generational Equity, closed on January 12, 2024 and expands INCERTEC's metal finishing capabilities and geographic footprint.
-
December 13, 2023
- Buyer
- DBW Holdings, L.L.C., Granite Creek Capital Partners, L.L.C., Canterbury Ventures, L.L.C., Hidden River Strategic Capital, Muzinich BDC, Inc.
- Target
- Peak Toolworks
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
DBW Holdings, parent of Diamond Blade Warehouse, acquired Peak Toolworks in a deal completed with private investors Granite Creek Capital Partners and Canterbury Ventures, with financing from Hidden River Strategic Capital and Muzinich BDC, Inc. Peak Toolworks will join DBW under the DBW Holdings umbrella and continue to operate as a separate business, expanding DBW's product and service offerings across infrastructure, construction, automotive and manufacturing end markets.
-
November 28, 2023
- Buyer
- Cooper Machinery Services, Arcline Investment Management
- Target
- Terrecorp, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Cooper Machinery Services, a portfolio company of Arcline Investment Management, has acquired Terrecorp, LLC, a manufacturer of aluminum, bronze and steel-backed bearing shells and bushings based in Indianapolis, Indiana. The acquisition expands Cooper's product offering and manufacturing capabilities for reciprocating engines and compression systems, strengthening its position in the mission-critical compression and engine systems market.
-
October 1, 2023
- Buyer
- OTR International, Owner Resource Group, LLC
- Target
- Hoosier Wheel
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
OTR International, a market-leading supplier of off-the-road tires and wheels, has acquired Hoosier Wheel, a manufacturer of pneumatic and semi-pneumatic wheel assemblies based in Evansville, Indiana. The acquisition, closed October 1, expands OTR's U.S. manufacturing footprint and product portfolio for OEM and aftermarket customers and is supported by OTR's majority owner, Owner Resource Group.
-
- Buyer
- Atlas Holdings
- Target
- Herff Jones Graduation Business
- Seller
- Varsity Brands
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Addon
Atlas Holdings has acquired the Herff Jones Graduation Business (Scholastic and Collegiate brands and manufacturing facilities) from Varsity Brands, with the transaction closing on October 2, 2023. Varsity Brands will retain its Yearbook business, while Atlas will operate Herff Jones as a standalone company within its LSC Communications family and has promoted Ron Stoupa to CEO.
-
August 25, 2023
- Buyer
- Monument MicroCap Partners, LLC
- Target
- EarthWay Products, LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
Monument MicroCap Partners completed an investment in EarthWay Products, a Bristol, Indiana-based manufacturer of precision lawn and garden spreaders, tools and ice-control equipment. Monument will partner with EarthWay's management to expand the company's product platform, grow across commercial and consumer sales channels, and pursue add-on acquisitions to accelerate growth.
-
August 7, 2023
- Buyer
- CenterGate Capital
- Target
- Poseidon Barge
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Growth capital
CenterGate Capital's affiliate has made a growth investment in Poseidon Barge, a Berne, Indiana-based manufacturer and rental provider of sectional barges for marine infrastructure. Founder Donnie Fain and President Mary Habegger-Fox will remain with continued ownership and management as Poseidon pursues growth and capability expansion across its North American operations.
-
June 1, 2023
- Buyer
- HNI Corporation
- Target
- Kimball International, Inc.
- Seller
- Kimball International shareholders
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
HNI Corporation has completed the acquisition of Kimball International in a cash-and-stock transaction valued at approximately $485 million. The deal combines two commercial furnishings businesses to create a larger platform with broader product offerings and expected cost synergies.
-
April 21, 2023
- Buyer
- DexKo Global Inc.
- Target
- Horizon Plastics & Engineering, Inc.
- Seller
- Neil Hassinger
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
DexKo Global Inc. completed the acquisition of Horizon Plastics & Engineering, Inc., a plastic injection molding company based in Osceola, Indiana. The purchase brings Horizon's molding capabilities and ~15,000 sq. ft. facility (nearly 20 employees) into DexKo to strengthen supplier capabilities and expand manufacturing flexibility.
-
February 15, 2023
- Buyer
- The Middleby Corporation
- Target
- Flavor Burst LLC
- Industry
- Manufacturing
- Location
- Indiana, United States
- Type
- Buyout
The Middleby Corporation has acquired Flavor Burst LLC, a Danville, Indiana–based maker of automated flavoring and dispensing systems for soft serve, shakes, slushes and other frozen beverages. Flavor Burst, which generates roughly $5 million in annual revenue, will expand Middleby’s beverage and soft-serve product offerings and integrate with its existing Taylor equipment distribution relationships.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Build a buyer list for your Manufacturing deal
Find buyers actively acquiring manufacturing companies.
Frequently Asked Questions
Which types of companies are buying Indiana manufacturing businesses?
Buyers include strategic manufacturers (for example, OEM suppliers and industrial component firms) as well as investment-backed platforms and permanent-capital investors such as Blue Point Capital Partners (via National Safety Apparel (NSA)) and Junto Holdings Group, Inc.
What manufacturing subsectors show up most often in these Indiana deals?
Many transactions focus on engineered products and industrial manufacturing, with recurring emphasis on metal fabrication and processing, precision machining and sensors, and related specialty manufacturing capabilities.
Are these acquisitions mainly standalone platform purchases or add-ons?
Both appear. Several deals are described as add-ons to existing platforms, while others expand broader manufacturing capability or geographic presence.
What locations inside Indiana are referenced in recent announcements?
The deals reference multiple Indiana locations, including Columbia City, Richmond, Washington, Huntington, Fort Wayne, Brookston, La Porte, Bristol, Sellersburg, and South Bend.
Related Acquisition Pages
Manufacturing Buyers & Acquisitions
Manufacturing Buyers & Acquisitions in Canada
Private Equity-Backed Manufacturing Buyers
Manufacturing Acquisitions in 2026
Manufacturing Acquisitions in 2025
Manufacturing Acquisitions in 2024
Manufacturing Acquisitions in 2023
Acquisitions in Indiana
Private Equity-Backed Acquisitions in Indiana
Acquisitions in Indiana in 2026
Acquisitions in Indiana in 2025
Acquisitions in Indiana in 2024