Manufacturing Acquisitions in Louisiana

IES Holdings, Inc. completed the acquisition of Gulf Island Fabrication, Inc., buying all outstanding common stock for $12.00 per share in cash (approx. $192 million equity value). Gulf Island will join IES's Infrastructure Solutions segment, expanding IES's fabrication capacity and capabilities to better serve data center, energy and government customers.

Peak Toolworks, a portfolio company of Granite Creek Capital Partners, acquired Southern Carbide, Inc., a family-owned industrial cutting tools and sharpening/repair services business based in Shreveport, Louisiana. The transaction closed on September 30, 2025 and was financed with participation from Hidden River Strategic Capital, Muzinich & Co., and Canterbury Ventures, LLC.

Marine Equipment Solutions (MES) has acquired Pacific Gulf Wire Rope, a Gulf Coast wire rope and rigging specialist. The deal expands MES's product lines, fabrication and inspection capabilities, and regional footprint to better serve marine, construction, and industrial customers across North America.

Saronic acquired Gulf Craft, a Louisiana-based shipbuilder, to establish a prototyping and production hub for its medium unmanned surface vessel (MUSV) program, beginning with the 150-foot ASV "Marauder." The deal gives Saronic nearly 100 acres in Franklin, Louisiana, retains Gulf Craft's workforce, and includes a planned $250 million investment in yard upgrades and capacity to scale production (with plans to add 500+ jobs over the next 3–4 years).

Eaton has completed the acquisition of Fibrebond for $1.4 billion. Fibrebond, based in Minden, Louisiana, designs and builds pre‑integrated modular power enclosures for data center, fiber, industrial and utility markets; the company is expected to generate approximately $110 million of adjusted EBITDA in 2025 on roughly $378 million of trailing revenue.

Ecovyst has purchased the sulfuric acid operations of Cornerstone Chemical Company in Waggaman, Louisiana. The divestiture transfers Cornerstone's sulfuric acid business to Ecovyst, a global provider of specialty catalysts, virgin sulfuric acid and regeneration services, to expand its Ecoservices capabilities.

AquaPhoenix Scientific, a portfolio company of Incline Equity Partners, acquired La-Mar-Ka, Inc., a family-owned chemical supplier based in Baton Rouge, Louisiana. The add-on acquisition, which closed January 31, 2025, expands AquaPhoenix’s distribution and custom-chemical capabilities and strengthens its offerings for industrial, laboratory and research customers.

Power Grid Components (PGC), a Blackstone portfolio company, has acquired Elliott Industries, a custom manufacturer of electrical equipment based in Bossier City, Louisiana. The acquisition is an add-on to PGC's power distribution portfolio and will preserve the Elliott brand while leveraging PGC's resources to drive growth and product innovation.

Mission Critical Group (MCG) has acquired Point Eight Power, a Louisiana-based manufacturer of switchgear and power control building solutions with production facilities in Belle Chasse, Louisiana and Bay St. Louis, Mississippi. The deal expands MCG’s manufacturing and power-control capabilities to better serve mission-critical end markets (data centers, communications, industrial and healthcare) and appoints Carlis Gross as President of Point Eight Power.

AE Industrial Partners (AEI) has completed the acquisition of Calca Solutions, a Lake Charles, Louisiana-based manufacturer of hydrazine used in space propulsion, defense, pharmaceutical, and water-treatment applications. AEI will establish Calca as a new platform in its mission-critical products strategy to expand domestic capacity and support national security, aerospace, biotech, and clean-energy markets.

Ambassador Supply, a Fort Wayne, Indiana–based investment and management company in the residential and commercial construction sector, has acquired Ideal Steel, a Broussard, Louisiana manufacturer of components and pre-engineered steel buildings founded in 2002. The acquisition expands Ambassador Supply's portfolio and provides Ideal Steel with broader market access and collaboration opportunities; financial terms were not disclosed.

CF Industries Holdings, Inc. completed the acquisition of Incitec Pivot Limited's Waggaman, Louisiana ammonia production facility and related assets for $1.675 billion, with approximately $425 million allocated to a long-term ammonia offtake agreement. CF Industries will supply up to 200,000 tons per year to IPL’s Dyno Nobel business, expects operational and logistics optimization from integrating the site, and plans to accelerate carbon capture and sequestration projects to increase low‑carbon ammonia production.

PSC Group, a portfolio company of Aurora Capital Partners, has acquired Thermoplastics Services, Inc. (TSI), a DeQuincy, Louisiana-based custom plastic compounding and pelletizing business. The add-on bolsters PSC's plastic resin sustainability and reprocessing capabilities to expand its ESG and circular-economy services for industrial, commercial and municipal customers.

Estes Energetics acquired the assets of GOEX from Hodgdon Powder Company and will continue and expand GOEX black powder production at the Minden, Louisiana manufacturing facility. The acquisition preserves the only U.S. commercial-scale black powder factory and secures domestic supply for sporting, fireworks, and defense customers while expanding Estes Energetics' energetics and propulsion capabilities.

Fairbanks Morse Defense (a portfolio company of Arcline Investment Management) has acquired Maxim Watermakers, a Shreveport, Louisiana-based maker of desalination and water treatment systems for marine defense applications. The deal adds desalination, reverse osmosis and heat-recovery evaporator capabilities to FMD’s turnkey onboard solutions offering to the U.S. Navy, U.S. Coast Guard and other marine customers.

Funds advised by SK Capital Partners acquired a majority interest in the Monomers, Polymers and European businesses of Deltech Holdings LLC. Deltech CEO and founder Bob Elefante retains a significant ownership stake and will remain actively involved; the business employs about 135 people across Baton Rouge (headquarters), Troy, Ohio and Haverhill, United Kingdom.

Boyne Capital has acquired A.S.A.P. Industries Manufacturing, a Houma, Louisiana-based manufacturer of high-pressure flow control products and provider of BOP repair and recertification services, as a platform investment in its BCM Fund I. The company is API-certified and specializes in large-diameter, high-pressure components for the oil & gas industry; Boyne said it will partner with management to expand manufacturing capabilities and support a recovering energy market.

Trelleborg AB, through its Offshore & Construction business area, has agreed to acquire Maritime International, Inc., a privately owned U.S. marine fender systems designer and manufacturer based in Broussard, Louisiana. The bolt-on deal expands Trelleborg's production and engineering footprint in North America and strengthens its berthing, docking and mooring offering; the acquired business has annual sales of approximately SEK 200 million and the transaction was expected to close in Q4 2015.