Manufacturing Acquisitions in Oklahoma

StoneTree Investment Partners has acquired Reel Power International, an Oklahoma City–based manufacturer of engineered winding, spooling, and material-handling equipment, from Praesidian Capital (with prior partnership involvement from Dubin Clark). The investment will support scaling of automation and systems offerings, continued investment in aftermarket parts and service, and operational improvements across Reel Power's Oklahoma City and Houston facilities; terms were not disclosed.

Zeeco, a Tulsa-based provider of combustion and environmental solutions, has acquired Devco Process Heaters, a Tulsa-based fired-heater design and manufacturing company; the deal was finalized on December 5, 2025. The acquisition brings Devco's brand, products, technical expertise and employees into Zeeco to expand its midstream oil & gas fired-heater capabilities and to offer more complete, single-source combustion equipment, installation, field service and aftermarket solutions.

Vectair, a global provider of aircare and hygiene solutions, has acquired Big D Industries, an Oklahoma City–based manufacturer of odor control and air freshening products. The acquisition expands Vectair's product portfolio and strengthens its capabilities in commercial and industrial cleaning and sanitation markets.

SMX Industrial Solutions, an Emko Capital portfolio company, has acquired Preston Eastin, a Tulsa-based manufacturer of robotic and welding positioning systems. The add-on acquisition expands SMX's product portfolio across its Steelmax Tools and Scotchman Industries brands, enhancing capabilities, innovation and customer support in metal fabrication and welding markets.

Argonaut Private Equity has acquired Pryer Aerospace and added the aerospace manufacturer to its Fund V portfolio. The deal will provide Pryer with financial and operational resources to expand capabilities, capacity, footprint, and pursue growth in space launch, military, and commercial aviation markets.

IES Holdings, Inc. (NASDAQ: IESC) has acquired Arrow Engine Company, a Tulsa-based manufacturer of engines, generator sets, compressors and replacement parts, from TriMas Corporation. Arrow will join IES's Infrastructure Solutions segment, continuing to operate under the Arrow name and leveraging IES's manufacturing and engineering resources to expand product offerings and serve oil & gas and industrial end markets.

Vulcan Spring & Manufacturing Co. has acquired Gardner Spring, Inc., a Tulsa-based manufacturer of stock springs and wire forms founded in 1907. The deal expands Vulcan’s product offerings and strengthens its position in both stock and custom spring markets while Gardner Spring will continue to operate as a Vulcan subsidiary in Tulsa.

The Black Phoenix Group LLC completed the acquisition of PACCAR Winch from PACCAR Inc. on November 1, 2024; financial terms were not disclosed. Patriot Capital and Bluehenge Capital Partners provided debt and equity co-investment support for the carve-out; PACCAR Winch will continue to operate under its current management and join BPG’s industrial portfolio.

Main Street Capital Corporation (NYSE: MAIN) has acquired Victory Energy Operations, LLC from Saw Mill Capital. Victory Energy, headquartered in Collinsville, Oklahoma, is a designer, manufacturer and service provider of industrial and commercial boilers and related heat-recovery equipment; the transaction expands Main Street’s exposure to industrial manufacturing and aftermarket service capabilities.

Main Street Capital Corporation invested $74.4 million to support a majority recapitalization of Victory Energy Operations, partnering with an unnamed co-investor and Victory's founder and management team. The transaction included first-lien senior secured term debt and a direct equity investment and facilitated the buyout of an institutional investor.

Ingersoll Rand Inc. acquired Air Power Systems Co., LLC (APSCO), Blutek s.r.l., and UT Pumps & Systems Private Limited in bolt-on transactions for a combined purchase price of approximately $135 million. The acquisitions add more than $50 million of combined revenue and expand Ingersoll Rand's pump, compressor and fluid-handling technologies and aftermarket capabilities across the United States, Italy and India.

ClarkDietrich acquired the assets of Oklahoma City-based Studs Unlimited from Foundation Building Materials, effective October 1, 2024. The deal expands ClarkDietrich's Midwest footprint and manufacturing/fabrication capacity for cold-formed steel framing products.

Tulsa-based Heater Specialists (HSI), a subsidiary of Energy Process Technologies Inc., acquired the assets comprising ParFab Industries' fabrication business in Inola, Oklahoma. The deal adds roughly 170,000 square feet of fabrication capacity, expands HSI's footprint in refinery, petrochemical and power-generation equipment manufacturing, and reflects ParFab's strategic decision to reallocate capital toward its Field Services division.

Argonaut Private Equity has partnered with Layco Electric Innovations, a Tulsa-based manufacturer and servicer of electric motors, industrial control and power distribution solutions, to accelerate Layco's growth and operational expansion. Argonaut will support LEI's scaling plans, including a new state-of-the-art manufacturing facility in Tulsa, to serve end markets such as petrochemical, renewable energy and data centers.

Genesis Park (through Genesis Park Partners, LP) made a debt and equity investment in HBI Services to support a minority recapitalization and the company's growth initiatives. HBI Services is a Tulsa, Oklahoma–based full-service metal fabrication company (and maker of Hasty Bake grills) operating two facilities with over 90,000 square feet of manufacturing space.

Sidereal Capital Group partnered with senior management (led by Micha Alexander) to recapitalize Mike Alexander Company, Inc. (MALCO), a Tulsa-based manufacturer of refractory anchors and custom metal fabrication. Parkway Capital and Farragut Capital Partners provided subordinated debt and equity to support the transaction as part of a generational transition from founder Mike Alexander to his son Micha; terms were not disclosed.

White Cap has acquired Crimson Steel Supply, LLC, a Tulsa-based value-added distributor and fabricator of engineered rebar and structural steel products. The deal brings Crimson Steel's three Oklahoma locations and 100+ employees into White Cap's national distribution platform, expanding White Cap's rebar and structural steel capabilities in the region; Crimson was previously a portfolio company of Argonaut Private Equity.

Kodiak, a specialty process fluids supplier, has acquired Aztech Lubricants, an Oklahoma-based maker of wire-drawing and powdered chemical products. The acquisition expands Kodiak’s product portfolio into powder-based chemistries and increases its manufacturing and blending capacity to better serve industrial end markets such as aerospace, automotive and agriculture.

Praesidian Capital, a private equity firm based in Oklahoma City, announced a strategic equity investment in Reel Power International, a manufacturer of capital equipment for material handling and control serving industrial, marine, and energy markets. The investment is intended to support Reel Power's growth initiatives and product development while partnering with management to expand the business.

Canerector Inc. announced the acquisition of Prescor LLC; Prescor will join the Conrex Steel Ltd. group of companies. The deal expands Conrex Steel's footprint into the United States (Prescor is based in Tulsa, Oklahoma), adding ASME-code tank and pressure-vessel head manufacturing capacity and improving regional delivery and operational efficiencies.

Summit Steel Fabricating Group has acquired Laser Specialties, Inc. (LSI), a Tulsa-based custom and contract metal manufacturer. The deal is an add-on to Summit's PE-backed manufacturing platform (backed by Lorraine Capital) and will expand Summit's capacity, capabilities and end-market exposure across OEM, military and energy customers; terms were not disclosed.

HKR, a Tulsa-based holding company owned by Bob Haiges, Don Kirkland and Fred Raschen, acquired CCL Acquisition, LLC (dba Custom Components & Logistics) in a transaction that closed on October 12, 2022. Custom Components & Logistics, a Catoosa, Oklahoma manufacturer of stainless steel, carbon steel and aluminum electrical and industrial control enclosures with in-house stamping, machining and tool & die capabilities, was majority owned by Sandy Brumley; John Johnson will remain as General Manager.

Black Bay Energy Capital, a private equity firm focused on the North American energy sector, has acquired a majority interest in Advanced Industrial Devices (AID) from Rock Island Capital. The investment will support AID's growth by expanding its manufacturing, engineering and service capabilities to meet rising demand for electric motors and variable frequency drive (VFD) control systems across oil & gas and industrial end markets.

CGI Automated Manufacturing, a CORE Industrial Partners portfolio company, has acquired Precision Metal Fab and Precision Tool & Die (collectively, PMF). PMF, headquartered in Ponca City, Oklahoma, provides CNC laser cutting, stamping, metal die formation, welding and assembly services and will be integrated into the CGI platform to expand its sheet-metal and fabrication capabilities.

Inhance Technologies, a portfolio company of Aurora Capital Partners, has completed the acquisition of Advance Research Chemicals (ARC), a specialty chemicals and materials producer with production facilities in the United States and Mexico. The add-on expands Inhance's capabilities in high-purity specialty chemicals, custom synthesis and private-label manufacturing to serve end markets including medical batteries, semiconductors, 3D printing and pharmaceuticals.

Custom Glass Solutions, LLC (CGS), a Stellex-backed glass manufacturer, has acquired Cameron Glass, Inc., a Broken Arrow, Oklahoma-based tempered glass fabricator. The acquisition (terms undisclosed) expands CGS's tempering capabilities and value‑add assembly offerings as part of its ongoing growth strategy.

Audax Private Equity acquired a majority stake in Covercraft Industries from Century Park Capital Partners. Covercraft, a Pauls Valley, Oklahoma–based manufacturer of custom vehicle protection products, will partner with Audax to pursue organic growth and buy‑and‑build add-on acquisitions.

Argonaut Private Equity, a Tulsa-based private equity firm, announced the acquisition of Oklahoma-based Crimson Steel Supply, a rebar fabricator and structural steel supplier headquartered in Tulsa, Oklahoma. The partnership will leverage Crimson Steel's supplier and customer relationships to support growing infrastructure and highway/roadway construction demand nationwide.

River Associates has acquired Pelco Products, Inc., an Edmond, Oklahoma-based manufacturer of traffic signaling hardware, utility products and decorative outdoor lighting. Financing for the transaction included subordinated debt and an equity co-investment from Northstar Capital (Northstar Mezzanine Partners SBIC, L.P.) and financing from Madison Capital Funding LLC.

Continental Materials Corporation has acquired Carlson Company, a family-owned precision steel flange and ring manufacturer based in Tulsa, Oklahoma. The acquisition expands Continental Materials' manufacturing capabilities and product offering for heavy industrial end markets including petroleum refining, petrochemical, food processing and utilities; terms were not disclosed.

IES Holdings, Inc. acquired Wedlake Fabricating, a Tulsa, Oklahoma-based manufacturer of custom generator enclosures. Wedlake will operate within IES's Infrastructure Solutions segment, with Brian (Bo) Wedlake, Jr. promoted to general manager as the company expands its Midwest manufacturing capacity and geographic footprint.

Bengal Machine, parent company of Schutte Hammermill and other size-reduction brands, has acquired a majority interest in CSE Bliss Manufacturing, a hammer mill manufacturer based in Ponca City, Oklahoma. The Bliss family will retain a significant ownership position and the deal is intended to combine complementary capabilities to offer fully integrated, turnkey size-reduction solutions across multiple end markets including biomass, animal feed and pet food.

The Toro Company completed its acquisition of privately held The Charles Machine Works, the parent company of Ditch Witch and other underground-construction brands. The deal was valued at approximately $700 million, financed with new debt and borrowings under Toro's credit facility; Toro expects about $30 million of synergies over three years and that the transaction is immediately accretive to EPS (excluding certain adjustments).

Wellspring Capital Management has acquired Paragon Films, a Broken Arrow, Oklahoma-based manufacturer of high-performance stretch film, from Wind Point Partners. Financial terms were not disclosed; Wellspring said it will support Paragon's growth through internal initiatives and selective acquisitions while partnering with the existing management team.

The Carlyle Group agreed to make an equity investment (via Carlyle Strategic Partners IV L.P.) in The NORDAM Group to fund NORDAM's exit from Chapter 11, de-lever its balance sheet and position the company for growth. The Siegfried family will retain ownership and continue to lead NORDAM, which provides aerospace manufacturing and MRO services across commercial, business and military aviation markets.

Long Trail Holdings has acquired Eastpointe Industries, a Muskogee, Oklahoma-based manufacturer of structural retrofit wireless tower components and new towers. ClearRidge advised the owners of Eastpointe on the sale; Long Trail was selected to help expand the platform and source key management to support continued growth.

ECC has completed the acquisition of Callidus Technologies, which will be integrated into ECC's North American Combustion Controls line of business. Callidus — headquartered in Tulsa, Oklahoma with manufacturing and office facilities in Shanghai and Thane — designs and manufactures burners, flares and thermal oxidizers for the oil & gas and petrochemical industries.