Manufacturing Acquisitions in Michigan

Kanbrick has made a minority growth investment in Depatie Fluid Power Group to provide long-term strategic support and accelerate the company's next phase of growth. The partnership will work with Depatie and its American Motion Group affiliates to expand capabilities and services across motion control and automation end markets.

Bauer Sheet Metal and Fabricating, a nearly 100-year-old family-owned metal fabricator based in Muskegon, Michigan, was acquired by BSM Acquisition, LLC of Cincinnati, Ohio. The owners sold the business to facilitate their retirement and ensure continuity under new ownership; financial terms were not disclosed.

Threadlock Precision, a U.S. precision manufacturing platform backed by the D. E. Shaw group, has acquired Kremin Inc., a Frankenmuth, Michigan-based CNC machining firm serving aerospace, defense and medical customers for more than 40 years. The deal adds Kremin's Swiss machining and tight-tolerance capabilities to Threadlock’s precision manufacturing network to support a wider range of aerospace and defense customer programs and to modernize and scale Kremin's operations.

Netform, a Torque Capital Group portfolio company, completed a merger with Lavalier Corporation (dba Tapemaster), adding precision CNC milling, turning, grinding and inspection capabilities to its advanced manufacturing platform. The transaction brings Tapemaster's AS9100D-certified aerospace and defense machining capabilities into Netform, expanding aerospace/defense and transportation program support and strengthening vertically integrated manufacturing.

Detroit Manufacturing Systems (DMS) completed the acquisition of Android Industries and Avancez and combined the businesses into a new company, Voltava, which is headquartered in Auburn Hills, Michigan and is wholly owned by Bruce Smith. The transaction creates a scaled global manufacturing and assembly platform with approximately 5,400 team members across 21 locations to serve automotive, e-mobility, industrial and other end markets, supported by a $450 million asset-based credit facility.

HNI Corporation has completed its acquisition of Steelcase Inc., creating a combined workplace furnishings enterprise with pro forma annual revenues of $5.8 billion. Steelcase shareholders received a choice of cash and/or HNI stock per share, and the deal is intended to combine complementary portfolios, distribution networks and capabilities to drive operational enhancements and digital transformation.

Clark Lake-based Production Saw and Machine has acquired Jackson Grinding Co. of Jackson, Michigan. The acquisition, driven by Jackson Grinding president Michael Alexander's planned retirement, will keep the Jackson Grinding name and location while expanding Production Saw and Machine's customer base and capabilities.

Center Rock Capital Partners has acquired GHSP, a global designer and manufacturer of precision mechatronic systems, smart actuators, and electronic controls headquartered in Holland, Michigan. The investment positions GHSP as a platform for growth—providing capital and operational expertise to expand product innovation, global reach, and operational performance in automotive and related end markets.

Charlotte-based Compass Precision, a manufacturer of close-tolerance metal components, has acquired Trutron Corporation of Troy, Michigan. Trutron, a precision CNC and EDM shop that primarily serves the aerospace market, will join Compass as its 10th operating company; Trutron President Lisa Kingsley plans to retire while VP Ron Dobreff will remain with the business.

An affiliate of Angeles Equity Partners has acquired a majority interest in Technique, Inc., a Jackson, Michigan-based precision metal fabricator specializing in prototyping and ultra-low-volume production. Angeles will partner with founder and CEO Ronnie Johncox to invest in operational infrastructure and advanced manufacturing capabilities to support Technique's growth; terms were not disclosed.

Saothair Capital Partners has completed the acquisition of AAI from Halma Holdings Inc.; following the transaction AAI will be renamed Air Products and Controls (APC). Headquartered in Auburn Hills, Michigan, AAI designs and manufactures fire and life-safety detection devices (wireless smoke, heat and CO detectors) sold to residential security OEMs, HVAC and fire-system OEMs, and commercial distributors.

Rosebank Industries PLC has completed the acquisition of Electrical Components International (ECI) from Cerberus Capital Management in a transaction valued at approximately $1.9 billion. ECI, a global manufacturer of electrical distribution systems and control box assemblies with ~20,000 employees and 39 manufacturing locations, will join Rosebank as the buyer expands its industrial manufacturing and engineered-components capabilities.

Brattle Technologies, a family-owned holding company based in Cambridge, Massachusetts, acquired Lockwood Manufacturing Co., a Livonia, Michigan-based maker of aluminum and steel equipment, in a transaction that closed on August 8, 2025. Founder and prior owner David Lamson sold the business and will join Lockwood's board while Matt Phillips was promoted to CEO to lead the company under Brattle's ownership.

Dallas-based private equity firm Valesco Industries completed a majority recapitalization of Five Lakes Manufacturing, a Clinton Township, Michigan manufacturer of interior commercial and architectural wood doors. Brookside Capital Partners provided subordinated debt and an equity co-investment alongside the selling shareholders, with Comerica Bank as senior lender; the transaction will support growth, new machinery investments and geographic expansion.

Aebi Schmidt Holding AG completed a merger of an indirect wholly owned Aebi Schmidt subsidiary with and into The Shyft Group on July 1, 2025, creating the combined company now operating as Aebi Schmidt Group. The all‑stock transaction (Shyft shares exchanged for ~1.04 shares of the combined company) will result in the combined company trading on NASDAQ and reports $1.9 billion pro forma revenue for 2024; Shyft common stock has been delisted.

Borgman Capital, a Milwaukee-based private investment firm, has acquired Harlo Corporation, an 88-year-old manufacturer of rough terrain forklifts headquartered in Grandville, Michigan. The transaction transfers ownership from the Crooks family to Borgman Capital; Harlo will continue to operate under its name with existing leadership and 54 employees, and will gain resources to expand capacity and product development.

ProMach has acquired DJS Systems, a Homer, Michigan-based supplier of automation solutions for the disposable food service packaging market. The acquisition brings DJS's precision counting, vertical bagging, thermoforming automation and custom engineering capabilities into ProMach's Secondary Packaging business unit and expands ProMach's food-related portfolio.

Auxo Investment Partners has acquired Bay Cast Incorporated and Bay Cast Technologies, a Bay City, Michigan-based integrated steel casting and precision machining business, in a transaction that brings the family-owned business into Auxo’s manufacturing platform. The Holman family and existing leadership retained significant ownership and will continue to run the business as Auxo provides capital and operational support to drive growth and innovation.

BICO Steel, a portfolio company of Validor Capital, has acquired Pioneer Steel Corporation to expand its die set manufacturing and steel plate processing capabilities. The deal adds Pioneer's Grand Rapids facility and workforce to BICO's Midwest footprint; terms were not disclosed.

Fonon Quantum Technologies, Inc. (FQTI) has acquired Beamer Laser Marking Systems, a U.S.-based manufacturer of industrial fiber and CO2 laser marking equipment. Beamer will continue operations (manufacturing in Flushing, Michigan) while engineering will be strategically relocated/integrated with FQTI's Orlando, Florida operations to expand capabilities and market reach in industrial laser equipment.

Sur-Seal, a custom-engineered converting and sealing platform backed by Heartwood Partners, has acquired Kent Manufacturing LLC, a third-generation Michigan converter. The deal expands Sur-Seal's medical cleanroom capacity and ISO-13485 capabilities, enhancing its ability to serve healthcare, aerospace and automotive customers from an added Michigan manufacturing location.

Patrick Industries, Inc. completed the acquisition of Spring Lake, Michigan-based Medallion Instrumentation Systems, LLC, a provider of customized instrumentation and vehicle electronics for marine, RV, powersports, on-highway and military markets. The deal brings Medallion's engineering, display, sensor, controls and wire-harness capabilities into Patrick's component solutions portfolio and supports expansion of Patrick's technology offerings to OEM customers.

CREO Group, a portfolio company of Mill Point Capital, has acquired HMS Mfg. Co., a designer and manufacturer of consumer organization products and packaging solutions. The add-on purchase expands CREO's product portfolio, customer base and geographic presence while strengthening its sustainable plastics and advanced manufacturing capabilities.

Revolution Sustainable Solutions, LLC has acquired Island Plastics, LLC, a Flint, Michigan-based producer of 100% post-consumer recycled LLDPE/LDPE film-grade resin. The purchase expands Revolution’s mechanical recycling and PCR production capabilities — including plans to leverage its recent FDA Letter of No Objection to offer clear food-grade PCR for flexible food packaging and other end markets.

Salt Creek Capital acquired Sinclair Designs & Engineering, LLC (SDE), a Michigan-based manufacturer of solar panel racking systems, in a transaction completed in February 2024. Founder Kevin Sinclair is transitioning into retirement while CEO Kyle Sinclair remains to lead the business as Salt Creek provides capital and strategic support to drive growth in commercial and residential solar markets.

Hiniker Company, a portfolio company of family office Kinperium Industries, has acquired Daniels Plows, a Holland, Michigan-based manufacturer of heavy-duty snowplows, effective November 22, 2024. The acquisition brings Daniels into the Hiniker product line to expand heavy-equipment and airport snow removal offerings and create synergies with United Rotary Brush and Hiniker's dealer network.

Standex International has acquired Custom Biogenic Systems (CBS), a Michigan-based maker of cryogenic and controlled-rate freezers, from BioLife Solutions for approximately $6.1–$6.2 million in cash. The business will be reported in Standex's Scientific segment and is expected to be accretive in year one, expanding Standex's scientific refrigeration capabilities and North American manufacturing footprint.

Monomoy Capital Partners has acquired Oliver Packaging and Equipment, a Walker, Michigan–based manufacturer of food packaging systems, bakery equipment and compostable/recyclable meal trays and films. Oliver will continue to be led by CEO Mitch Summerfield and will operate as an independent platform with Monomoy supporting organic growth and pursuing strategic add-on acquisitions to expand products, customers and end markets.

Warsaw Chemical has acquired the Magic Finish Premium Car Care brand of car wash chemicals and auto detail products from Cul-Mac Industries. The acquisition adds a recognized product line to Warsaw's portfolio, and several Magic Finish team members have joined Warsaw to support expanded service to car wash distributors and operators.

Los Angeles-based private equity firm Vance Street Capital has acquired Pro-Vision, a Grand Rapids, Michigan provider of mobile video hardware, installation services, and a Video-as-a-Service (VaaS) platform for commercial fleets, K-12 transit and public safety customers. The transaction is Vance Street’s first platform investment out of Vance Street Capital IV and will fund product development, commercial expansion and potential M&A; terms were not disclosed and debt financing was provided by Barings.

Novolex has acquired the assets of American Twisting, a family-owned manufacturer of twisted-paper handles based in South Haven, Michigan. The acquisition—integrated into Novolex's Duro Bag operations—will secure dedicated supplies of twisted handles and bring eligible full-time American Twisting employees into Novolex; terms were not disclosed.

Tower Arch Capital completed a recapitalization of Miller Industries, LLC in a transaction with the Miller family and company management to support growth, vertical integration, and geographic expansion. Greenwich Capital Group served as exclusive financial advisor to the Miller family on the deal, which marks the second platform investment for Tower Arch’s third fund.

Alleguard (Foam Holdings, a Wynnchurch Capital portfolio company) has acquired Harbor Foam, an expanded polystyrene (EPS) manufacturer headquartered in Grandville, Michigan. The add-on expands Alleguard's EPS manufacturing and distribution capabilities to better serve its Midwest customer base across construction, packaging, recreational vehicle and general industrial end markets.

Shur-Co, a portfolio company of Behrman Capital, has acquired US Tarp, a manufacturer and distributor of truck and trailer tarping systems and parts previously owned by Brighton Partners. The add-on expands Shur-Co's cargo covering product portfolio and distribution footprint, leveraging US Tarp's engineering capabilities and overlapping end markets in construction, agriculture and recycling.

Dover Corporation has acquired Marshall Excelsior Company (MEC) for $395 million in cash; MEC will be integrated into Dover's OPW Global operating unit within the Clean Energy & Fueling segment. Marshall Excelsior, headquartered in Marshall, Michigan, supplies mission-critical flow control components for LPG and cryogenic markets and generated approximately $120 million in revenue in 2023.

MPE Partners, together with its portfolio company Webster Industries, made a strategic investment in Bar Holdings, Inc. d/b/a Allor Manufacturing and Plesh Industries (Allor-Plesh). The deal positions Allor-Plesh as an add-on to Webster to expand conveyor, chain and aftermarket parts capabilities for steel and industrial customers; terms were not disclosed.

Platte River Equity portfolio company Belt Power, LLC has acquired substantially all of the U.S. assets of Mol Belting Systems, Inc., a family-owned fabricator and distributor of conveyor belts and power transmission products based in Grand Rapids, Michigan. The acquisition expands Belt Power's product capabilities and geographic reach by adding Mol's technical fabrication expertise and broad product offering to Belt Power's national network of facilities.

H.B. Fuller Company has acquired ND Industries Inc., a family-owned specialist in specialty adhesives, pre-applied fastener coatings and the Vibra-Tite product line. The deal brings ND's five U.S. locations, approximately $70 million in 2023 revenue and ~300 employees into H.B. Fuller's Engineering Adhesives global business unit to expand product capabilities and accelerate growth in CASE end markets.

Innovative Motion Technologies (IMT), a Cathay Capital-backed industrial technology platform, has acquired Check Technology, a Troy, Michigan-based designer and manufacturer of flexible heating and control systems. The deal expands IMT's product capabilities and strengthens its position across healthcare, agriculture, and off-road vehicle end markets while keeping Check's manufacturing operations in Troy.

AURELIUS Private Equity has acquired Dayco's Propulsion Solutions division in a carve-out from Dayco Incorporated, a company backed by Hidden Harbor Capital Partners. The business — a global supplier of power transmission systems for light-vehicle and commercial/off-highway OEMs with more than $450m in revenue — will be positioned for operational transformation and growth under AURELIUS.

Cleveland-based Watervale Equity Partners completed a recapitalization of PGF Technology Group and MIS Controls (collectively “PGF”), with PGF CEO Naji Gebara investing alongside the firm and remaining as CEO. The transaction will support PGF’s organic growth plans and enable the company to pursue add-on acquisitions to expand its manufacturing capabilities across industrial automation, medical, and aerospace & defense end markets.

Chicago-based private equity firm Benford Capital Partners has acquired R.M. Young Company, a Traverse City, Michigan manufacturer of precision meteorological instrumentation, in partnership with company President Tom Young. Benford plans to invest in sales and marketing, expand the product portfolio, and pursue complementary add-on acquisitions to grow the business.

In November 2023, Beltservice Corporation, a global fabricator of conveyor belting, acquired Uniband USA, a Grand Rapids-based manufacturer of custom lightweight belting solutions. Miller Johnson represented Uniband in the deal and Charter Capital Partners served as Uniband's financial adviser.

ProAmpac, a Cincinnati-based flexible packaging company owned by Pritzker Private Capital, has acquired UP Paper, a Manistique, Michigan producer of 100% unbleached recycled kraft paper. The acquisition expands ProAmpac's recycled paper packaging portfolio and strengthens its sustainable materials offering for food service, eCommerce and retail end markets; terms were not disclosed.

B&D Industrial, an independent industrial distributor and service provider headquartered in Macon, Georgia, has acquired American Gear & Engineering, Inc., a gear manufacturer based in Westland, Michigan. The acquisition also includes Tech Tool Company, Inc., a complementary gear rack manufacturer, strengthening B&D Industrial's vertical integration and manufacturing capabilities.

Chad Galloway, together with Bob and Tricia Rouse and Jason Hunt, has acquired Lakeland Mills Furniture Co., a long-standing log furniture manufacturer based in Edmore, Michigan. The transaction transfers ownership from longtime owners Calvin and Teresa Hunt and is positioned as a leadership transition aimed at preserving the company's legacy while pursuing growth in the indoor and outdoor log furniture market.

DwyerOmega, a portfolio company of Arcline Investment Management, has acquired Miljoco Corporation from Foundation Investment Partners. Financial terms were not disclosed; the acquisition adds Miljoco's Miljoco and Weiss brands and manufacturing capabilities to DwyerOmega's sensing and instrumentation platform to expand product breadth and end-market reach.

Huizenga Group Automation’s portfolio company Bulldog Factory Automation has acquired Spectrum Automation Company, a Livonia, Michigan-based designer and manufacturer of parts feeding and material handling systems. The deal brings Spectrum’s 24,600 sq. ft. facility and decades of experience (founded 1969) into the Huizenga automation platform as an add-on to expand capabilities across automotive, medical and food & beverage end markets.

Komatsu, through its U.S. subsidiary Komatsu America Corp., agreed to acquire Detroit-based battery manufacturer American Battery Solutions (ABS), with the deal expected to close Dec. 1, 2023. Komatsu will integrate ABS' lithium‑ion battery technology to accelerate development of battery-powered construction and mining equipment while allowing ABS to operate as a stand‑alone business within Komatsu.

Hubbell Incorporated agreed to acquire Systems Control (Northern Star Holdings, Inc.), a manufacturer of substation control and relay panels headquartered in Iron Mountain, Michigan, for $1.1 billion in cash. The transaction — previously announced Oct 2023 — closed in December 2023; Systems Control reported estimated 2024 sales of approximately $400 million and was a Comvest Partners portfolio company since 2018.