Tracked deals
28
28 tracked deals across 2004-2026.
Manufacturing Buyers & Acquisitions in Iowa
Buyer mix
Mixed buyer set
21 strategic · 19 pe
Top trend
Volume peaked in 2025
4 tracked deals announced in 2025.
Primary Insight
What Stands Out
- Platform + capacity expansion is a recurring framing—such as adding specialized centrifuge repair capabilities (McCarthy-Bush/Roemer Machine) and scaling foundry output for large-scale castings (J.F. Lehman & Company/Wellman Dynamics).
- Add-on acquisitions are common among PE-backed or portfolio builders, including expansions in gaskets & seals (Flow Control Management/Master Packing & Rubber) and custom tube fabrication (Innovative Fluid Handling Group/Dynamic Tube).
- Buyers often deepen engineered components portfolios: aerospace-grade sensors/switches and hydraulics-focused parts (Amca/ACPI), machining and broadened in-house services (McCarthy-Bush/Roemer Machine), and liquid-level switch capabilities (Amca/ACPI).
- Filtration and industrial air systems remain an active subsector, including Rensa Filtration acquiring Air Filtration Co., Inc. and Madison Capital Partners investing in Global Filter.
| Deal theme (as described) | Example from Iowa manufacturing deals |
|---|---|
| Expand capacity/platform | McCarthy-Bush/Roemer Machine; J.F. Lehman & Company/Wellman Dynamics |
| Add-on to broaden products | Rensa Filtration/Air Filtration Co.; Baker Manufacturing/Pump Division of A.Y. McDonald |
| Engineered manufacturing components | Amca/ACPI; Hidden Harbor/Norplex Micarta |
| Materials & specialty manufacturing | Wellman Dynamics (magnesium/aluminum castings); Norplex Micarta (thermoset composite materials) |
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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 |
|---|---|---|---|
| American Securities LLC | 2 | U.S. private equity firm investing in market-leading Nort... | PE |
| May River Capital | 2 | Chicago-based private equity firm focused on lower middle... | PE |
| Amca | 1 | Aerospace and defense company that acquires and scales le... | Strategic |
| B12 Capital Partners | 1 | Leawood-based private equity firm focused on partnering w... | PE |
| Baker Manufacturing Company, LLC | 1 | Vertically integrated manufacturer of water well equipmen... | Strategic (PE-backed) |
| Blue Sage Capital | 1 | Private equity firm investing in lower middle-market nich... | PE |
| Capital For Business, Inc. (CFB) | 1 | St. Louis-based private investment firm (SBIC) providing ... | PE |
| Confidential strategic buyer | 1 | Unnamed strategic acquirer (industry operator) acquiring ... | Strategic |
| Consolidated Equipment Group, LLC | 1 | Designer, manufacturer and marketer of OEM-agnostic attac... | Strategic (PE-backed) |
| Cookbook Specialists | 1 | Customer-oriented printer of self-published books and cus... | Strategic |
Acquisition Volume in Manufacturing in Iowa by Year
Last 9 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
May 13, 2026
- Buyer
- McCarthy-Bush Corporation
- Target
- Roemer Machine
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
McCarthy-Bush Corporation acquired Roemer Machine, a Davenport-based manufacturer known for centrifuge repair technical expertise and machining capabilities. The deal expands McCarthy-Bush’s manufacturing platform by adding specialized centrifuge repair capabilities while increasing machining capacity and broadening in-house services for customers across multiple industries.
-
January 14, 2026
- Buyer
- J.F. Lehman & Company, JFL Equity Investor VI, L.P. (affiliate of J.F. Lehman & Company)
- Target
- Wellman Dynamics
- Seller
- TRM Equity
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
J.F. Lehman & Company, via an affiliate of JFL Equity Investor VI, L.P., acquired a majority interest in Wellman Dynamics, a Creston, Iowa-based manufacturer of large-scale magnesium and aluminum sand castings. TRM Equity sold the majority stake and will retain a meaningful minority position; the deal is positioned as a platform investment to expand Wellman's manufacturing capacity and pursue new aerospace and defense programs.
-
January 7, 2026
- Buyer
- Novae
- Target
- Aluma Trailers
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Novae, a leading North American trailer manufacturer, has acquired Aluma Trailers to expand its aluminum trailer product offering and strengthen its dealer-distributed platform. Aluma will remain headquartered in Bancroft, Iowa and led by CEO Mike Lloyd and the existing management team; financial terms were not disclosed.
-
December 11, 2025
- Buyer
- Amca
- Target
- Aerospace Control Products, Inc. (ACPI)
- Seller
- Aaron Ellis (president and former owner)
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Amca, an El Segundo, California-based aerospace and defense company, has acquired Aerospace Control Products, Inc. (ACPI) of Davenport, Iowa to expand its hydraulics-focused components platform by adding aerospace-grade pressure and liquid-level switch capabilities. Amca plans significant investment to expand ACPI’s manufacturing capacity and improve supply availability; Shedd Capital advised on the transaction and Aaron Ellis, ACPI’s president and former owner, will remain involved.
-
- Buyer
- HNI Corporation
- Target
- Steelcase Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
HNI Corporation entered into a definitive agreement to acquire Steelcase Inc. for approximately $2.2 billion in a cash-and-stock transaction. Under the deal terms, Steelcase shareholders would receive $7.20 in cash and 0.2192 shares of HNI common stock per share, and the combined company is expected to have pro forma annual revenue of about $5.8 billion.
-
January 27, 2025
- Buyer
- Rensa Filtration
- Target
- Air Filtration Co., Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Rensa Filtration, a PE-backed manufacturer and distributor of air filtration products, has acquired Air Filtration Co., Inc., a family-owned maker and distributor of spray booth and industrial air filters with production facilities in Lancaster, California and Corydon, Iowa. The deal expands Rensa's geographic footprint in California and Iowa and adds Air Filtration Co.'s spray booth filtration product line to Rensa's portfolio.
-
January 16, 2025
- Buyer
- Flow Control Management, Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds)
- Target
- Master Packing and Rubber Company
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Flow Control Management (FCM), a private equity-backed holding company sponsored by The Edgewater Funds, has acquired Master Packing & Rubber Company (MPRC), a Cedar Rapids-based manufacturer and supplier of gaskets and seals serving agricultural transport and processing markets. The add-on expands FCM's MRO gasket and seal offerings and strengthens its presence in the agriculture value chain.
-
November 26, 2024
- Buyer
- Innovative Fluid Handling Group, The Mendota Group
- Target
- Dynamic Tube, Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Innovative Fluid Handling Group (IFH Group), a portfolio company of The Mendota Group, has acquired Dynamic Tube, Inc., a Maquoketa, Iowa-based custom tube fabrication and precision-machined parts supplier. The transaction is an add-on acquisition that expands IFH Group's manufacturing capabilities and product offering for off-road, heavy equipment, agricultural and industrial end markets.
-
November 12, 2024
- Buyer
- Hidden Harbor Capital Partners
- Target
- Norplex Micarta
- Seller
- Industrial Dielectrics Holdings, Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Hidden Harbor Capital Partners has acquired Norplex Micarta, a North American producer of thermoset composite materials, from Industrial Dielectrics Holdings, Inc. Stellus Capital Management provided unitranche debt financing to support the transaction. Hidden Harbor plans to provide operational and financial resources to scale Norplex Micarta's operations and execute on growth initiatives across electrification and industrial end markets.
-
November 4, 2024
- Buyer
- Baker Manufacturing Company, LLC, Blue Sage Capital
- Target
- Pump Division of A.Y. McDonald Mfg. Co.
- Seller
- A.Y. McDonald Mfg. Co.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Baker Manufacturing Company, a Blue Sage Capital portfolio company, has acquired the Pump Division of A.Y. McDonald Mfg. Co., including the full pump product line of submersible, booster, jet, sump pumps and pressure tanks. The add-on expands Baker’s Water Systems product offerings and market coverage for residential and agricultural end markets, with TPG Twin Brook providing financing and advisors representing both sides.
-
October 1, 2024
- Buyer
- Consolidated Equipment Group, LLC, Dominus Capital, L.P.
- Target
- Agile Manufacturing Group, LLC (Agile Manufacturing)
- Seller
- Mike Feilmeier, Bonita Feilmeier
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Consolidated Equipment Group (CEG), a portfolio company of Dominus Capital, has acquired Agile Manufacturing Group, LLC, a Granite, Iowa-based maker of agricultural, industrial and construction attachments marketed under the GrabTec and Miller Loader brands. The deal is an add-on to CEG's platform to broaden its product suite and expand into adjacent material-handling end markets; Agile founder Mike Feilmeier will remain in leadership as Vice President of Agile Products.
-
March 31, 2023
- Buyer
- Madison Capital Partners
- Target
- Global Filter
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Growth capital
Madison Capital Partners, a Chicago-based investment firm, has made an investment in Global Filter, a Cedar Rapids, Iowa developer and manufacturer of validated filtration solutions. The capital will support Global Filter's continued product and technology development and strengthen its customer responsiveness across end markets including food & beverage, pharmaceutical, and petrochemical.
-
January 25, 2023
- Buyer
- LFM Capital
- Target
- APQS
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
LFM Capital, a Nashville-based private equity firm, has invested in APQS, a Carroll, Iowa-based designer and manufacturer of longarm quilting machines. LFM said it will partner with APQS management to leverage operational expertise and drive future growth for the premium quilting equipment brand.
-
December 22, 2021
- Buyer
- May River Capital
- Target
- Cablevey Conveyors
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Chicago-based private equity firm May River Capital has acquired Cablevey Conveyors, the Oskaloosa, Iowa manufacturer of tubular drag conveyor systems. The deal closed on Dec. 22 (Cablevey’s 50th anniversary); Cablevey will continue operating in Oskaloosa while May River plans to invest to grow market share in food & beverage, pharmaceuticals and other regulated end markets and pursue synergies with a sister platform, Advanced Material Processing (AMP).
-
September 24, 2021
- Buyer
- Granite Creek Capital Partners, L.L.C., Equivu Capital, LLC (investment arm of Salvatore Calvino)
- Target
- C&C Manufacturing, LLC (formerly Al-jon Manufacturing)
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Chicago-based Granite Creek Capital Partners partnered with Equivu Capital (the investment arm of Salvatore Calvino) to acquire a majority stake in C&C Manufacturing (formerly Al-jon Manufacturing). Equivu's Salvatore Calvino was named CEO and the investment will provide working capital to grow the company's workforce, expand parts and services, and capitalize on demand across scrap recycling, waste management, and airport maintenance markets.
-
- Buyer
- Confidential strategic buyer
- Target
- Inland Coatings Holdings, LLC
- Seller
- Midwest Growth Partners
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Midwest Growth Partners has sold Inland Coatings Holdings, LLC to a confidential strategic buyer, marking an exit for the West Des Moines-based PE firm. Founded in 1978 and headquartered in Adel, Iowa, Inland manufactures roof and automotive aftermarket coatings (SEBS, silicone, acrylic and polyurethane) and includes the previously acquired TRUCO Coatings and Aldo Products brands.
-
April 12, 2021
- Buyer
- Cookbook Specialists, Print Express
- Target
- Jumbo Jack's
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Cookbook Specialists, a division of Independence, Iowa–headquartered Print Express, acquired Jumbo Jack's of Audubon, Iowa, with the transaction closing on April 12, 2021. Jumbo Jack's manager Jeanne Christensen (25 years' experience) will join Cookbook Specialists while production is consolidated to Print Express's Independence facility; terms were not disclosed.
-
November 30, 2020
- Buyer
- American Securities LLC
- Target
- CPM Holdings Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
American Securities LLC has closed its acquisition of CPM Holdings Inc., partnering with CPM's management team; financial terms were not disclosed. CPM, headquartered in Waterloo, Iowa, is a global supplier of engineered process equipment for the animal feed, oilseed processing, extrusion and thermal processing markets, and American Securities plans to invest in product innovation, geographic expansion and aftermarket growth.
-
November 30, 2020
- Buyer
- Great Range Capital
- Target
- The Realm, Inc.
- Seller
- Chris Barton
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Great Range Capital completed the acquisition of The Realm, Inc., a Newton, Iowa-based custom manufacturer and distributor of pallets and wood crating that also recycles wood waste and produces wood mulch. The transaction closed on November 30, 2020, with Generational Equity advising the seller (led by Chris Barton).
-
- Buyer
- Capital For Business, Inc. (CFB), Entegra Attachments, LLC, B12 Capital Partners, UMB Capital Corporation, Michael P. Flannery
- Target
- Bloom Manufacturing, Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Capital For Business (CFB) led an investment in Entegra Attachments, LLC to acquire Bloom Manufacturing, Inc., a 110-year-old manufacturer of worm-drive and planetary winch systems and speed reducers. CFB partnered with B12 Capital Partners, UMB Capital Corporation and Entegra CEO Michael P. Flannery to complete the transaction as the first cornerstone of Entegra’s platform strategy.
-
January 10, 2020
- Buyer
- DexKo Global Inc., Dexter Axle Company
- Target
- Silent Drive
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
DexKo Global Inc.'s subsidiary Dexter Axle Company has acquired Silent Drive, a long-established maker of specialty heavy-duty trailer air suspensions based in Orange City, Iowa. The acquisition expands Dexter/DexKo's specialty suspension capabilities and broadens its product portfolio and end-market reach across the United States and Canada.
-
January 10, 2019
- Buyer
- May River Capital
- Target
- Marion Process Solutions
- Seller
- Barry Boyer, Jim Hoke
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
Chicago-based private equity firm May River Capital has completed the acquisition of Marion Process Solutions, a Marion, Iowa manufacturer of industrial mixers, blenders and microwave vacuum drying systems. The deal—terms undisclosed—transfers ownership from longtime owners Barry Boyer and Jim Hoke to May River, which intends to use Marion as the first building block of a new materials processing solutions platform and to support the company’s growth under existing management.
-
November 16, 2018
- Buyer
- American Securities LLC, CPM management team (co-investor)
- Target
- CPM Holdings, Inc.
- Seller
- Majority shareholder (unnamed)
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Buyout
American Securities LLC has closed its acquisition of CPM Holdings, Inc., a global designer and manufacturer of engineered process equipment for animal feed, oilseed processing, extrusion and thermal processing. The transaction was completed in partnership with CPM's management team; financial terms were not disclosed. CPM, headquartered in Waterloo, Iowa, has more than 1,000 employees and serves a global customer base across North America, Europe, Asia and Latin America.
-
July 19, 2018
- Buyer
- Eckhart, Inc.
- Target
- Eagle Engineering
- Seller
- Bryan Purdy
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
Eckhart, Inc., an LFM Capital-backed industrial automation and tooling company based in Warren, Michigan, has acquired Eagle Engineering, a custom weld-station and assembly-fixture manufacturer headquartered in Eldridge, Iowa. The acquisition expands Eckhart's manufacturing footprint and capability to deploy Industry 4.0 solutions to Eagle's aerospace, agriculture and heavy construction customers.
-
- Buyer
- The AMES Companies, Inc., Griffon Corporation
- Target
- Harper Brush Works
- Seller
- Horizon Global
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Divestiture
The AMES Companies, a subsidiary of Griffon Corporation, has acquired Harper Brush Works, a division of Horizon Global, for approximately $5 million. The deal adds brooms, brushes and other cleaning tools to AMES' long-handled tool portfolio and is expected to contribute roughly $10 million in annualized revenue.
-
November 15, 2016
- Buyer
- LongWater Opportunities, Standard Merchandising Company
- Target
- Fox River Mills, Inc.
- Seller
- Lessard family
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Addon
LongWater Opportunities, a Dallas-based private equity firm, has acquired Fox River Mills, a 116-year-old sock and handwear manufacturer in Osage, Iowa, from the Lessard family. Fox River will become a division of Standard Merchandising Company (a LongWater portfolio company), expanding the platform's U.S. manufacturing and private-label capabilities.
-
September 2, 2011
- Buyer
- Kolpin Outdoors Inc.
- Target
- Cycle Country Accessories Corp. - ATV Accessories product line
- Seller
- Cycle Country Accessories Corp.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Divestiture
Kolpin Outdoors Inc. is purchasing the ATV Accessories product line from Cycle Country Accessories Corp. for $9.7 million, with $3.2 million paid at closing, $1 million in near-term installments, and a $5.5 million earn-out over three years. Cycle Country (Spencer, Iowa) is selling only the product line and will continue to manufacture ATV accessories for Kolpin under a manufacturing agreement.
-
May 20, 2004
- Buyer
- Eastport Operating Partners, E&W management group
- Target
- Energy Manufacturing and Williams Machine and Tool (E&W)
- Seller
- Textron Inc.
- Industry
- Manufacturing
- Location
- Iowa, United States
- Type
- Divestiture
Textron Inc. has sold its Energy Manufacturing and Williams Machine and Tool (E&W) business to Eastport Operating Partners alongside the E&W management group. The Monticello, Iowa–based business (approximately 170 employees) manufactures welded hydraulic cylinders, valves, pumps and reservoirs serving light construction, waste handling, agricultural and truck equipment end-markets; terms were not disclosed.
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Frequently Asked Questions
What types of manufacturing acquisitions show up most in Iowa?
The page features both platform investments (adding capacity or specialized capabilities) and add-on deals that broaden product lines—such as filtration systems, engineered components, castings/materials, and manufacturing services.
Which Iowa industries or end markets are referenced in these deals?
Deal descriptions reference sectors including aerospace and defense programs, industrial and agricultural end markets, and filtration-related customers such as food & beverage and pharmaceuticals.
Are there examples of acquisitions that keep the target’s leadership or headquarters in Iowa?
Yes. Novae acquiring Aluma Trailers keeps Aluma headquartered in Bancroft, Iowa with CEO Mike Lloyd and the existing management team. Other deals describe continued involvement for individuals tied to the acquired business.
Do the transactions include buyouts as well as minority-to-majority stake moves?
Yes. The page includes a majority-stake acquisition structure for Wellman Dynamics (with TRM Equity retaining a meaningful minority position) as well as full acquisitions, such as McCarthy-Bush Corporation acquiring Roemer Machine.
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