Manufacturing Acquisitions in Pennsylvania

CQL Capital led a strategic growth investment in Erie Strayer, a fourth-generation, family-owned manufacturer of concrete batch plants headquartered in Erie, Pennsylvania. The transaction includes co-investors Star Mountain Capital, UMB Private Investments, Tecum Capital, Brookside Capital Partners, and Everside Capital Partners and is intended to support product innovation, employee development, and expanded aftermarket service capabilities while preserving family leadership.

Manufacturing Corporation of America (MCA) has acquired TRUKD, a U.S.-based truck bed rack manufacturer. TRUKD will operate within MCA's Metal One Fabrication facility to enable vertically integrated manufacturing, accelerate product development, improve supply-chain resilience, and scale production in support of Made-in-America growth.

Control Devices, a portfolio company of HBM Holdings, has acquired Sherwood Valve to expand its compressed gas flow control portfolio and enhance engineering and manufacturing capabilities. The deal adds Sherwood's product lineup and brand (operations in Cleveland, Ohio and the Pittsburgh area) and brings about 75 employees to Control Devices; financial terms were not disclosed.

Technip Energies has completed the acquisition of Ecovyst’s Advanced Materials & Catalysts (AM&C) segment in a transaction reported around $556 million, bringing approximately 330 AM&C employees into Technip. Ecovyst expects net proceeds of about $530 million (using $465 million to pay down term debt), while Technip said the deal expands its catalysts and advanced materials capabilities to support sustainable fuels, circular chemistry and carbon-capture applications.

Polymer Adhesives Holdings, a portfolio company of DalFort Capital Partners, has acquired Fielco Adhesives, a Huntingdon Valley, Pennsylvania-based manufacturer of industrial epoxy adhesive solutions. The add-on expands the platform's formulation capabilities and product portfolio to better serve customers across abrasive converting, paint applicators, grinding wheels, electronic encapsulation and other industrial end markets.

Chemstream has merged with and acquired Synthex Organics, combining Chemstream's chemical distribution, logistics and fluid systems capabilities with Synthex's specialty chemical manufacturing and R&D. The combined company will operate under the Chemstream name with integrated operations and expanded R&D and manufacturing hubs across multiple U.S. states to better serve oil & gas, water treatment, pulp & paper and mining customers.

Vertiv Holdings Co. has completed the acquisition of Great Lakes Data Racks & Cabinets, a manufacturer of data rack enclosures and integrated infrastructure solutions, for approximately $200 million. The purchase, which brings Great Lakes' U.S. and European manufacturing footprint into Vertiv, expands Vertiv's rack, cabinet and integration capabilities to better serve data center, AI and edge computing environments.

Edgewater Growth Capital Partners V, L.P. (The Edgewater Funds) has made an investment in Boulden Company, Inc., a Conshohocken, Pennsylvania-based supplier of wear components and services for high-value reciprocating and rotating equipment. The investment launches a new Edgewater platform focused on aftermarket wear components, materials solutions, and services; Edgewater plans to scale the platform through organic growth and strategic add-on acquisitions while partnering with founder Brian Boulden and the existing management team.

OCI, a portfolio company of Gemspring Capital (and Grand Valley Holdings per one release), has merged with GMS Piling Products, a Wilkes-Barre, Pennsylvania-based manufacturer of steel micropiles and deep-foundation products. The transaction (terms not disclosed) creates an integrated platform with four U.S. manufacturing facilities, expanding OCI's product portfolio, coast-to-coast capabilities and micropile fabrication capacity.

National Safety Apparel (NSA), a portfolio company of Blue Point Capital Partners, has acquired Bashlin Industries, a fourth-generation manufacturer of climbing gear, fall protection equipment and accessories based in Grove City, Pennsylvania. The add-on expands NSA’s product portfolio into climbing belts, straps and related linemen gear and creates cross-selling opportunities through Bashlin’s distributor network as part of NSA’s continued roll-up strategy under Blue Point.

Cogenuity Partners acquired Tech Tube, Inc. and Tube Methods, Inc., two Pennsylvania-based manufacturers of small-diameter metallic tubing serving aerospace & defense, medical, power generation and industrial end markets. Cogenuity will partner with existing management (Brian and Kevin Johnson retain substantial ownership) and deploy its Collaborative Operations program and capital to accelerate growth.

LDR Partners LP acquired Active Radiator, a Philadelphia-based manufacturer, servicer and distributor of heavy-duty radiators and heat exchangers, in a transaction that closed July 3, 2025. LDR combined Active with Cincinnati Radiator and Ohio Heat Transfer under a unified platform, Active Thermal Solutions, to build the largest U.S. heavy manufacturing platform for aluminum industrial heat exchangers and expand aftermarket and OEM capabilities.

Double E Group, a global manufacturer of converting and material handling products, has acquired Converter Accessory Corporation (CAC), a specialist in web handling equipment and accessories. The acquisition expands Double E Group's platform and product portfolio—adding CAC's wrinkle removal, trim collection and air shaft solutions to its converting and material handling offerings.

Nippon Steel Corporation, together with its wholly owned subsidiary Nippon Steel North America, completed the all-cash acquisition of United States Steel Corporation for $55 per share (approximately $14.1bn equity; $14.9bn enterprise value). The transaction preserves U. S. Steel's headquarters and name in Pittsburgh, includes a national security agreement (golden share) with the U.S. government, and commits roughly $11bn of new investment in U. S. Steel through 2028.

True Movement Tech acquired Mancino Manufacturing Co., Inc. (Mancino Mats), a U.S. maker of safety padding and premium mats for gymnastics, cheer, martial arts and other sports facilities. The acquisition expands True Movement Tech’s U.S. manufacturing capabilities and brings Mancino’s decades of product expertise into True Movement Tech’s family of design, manufacturing, and installation businesses.

Forkardt Hardinge, backed by Centre Lane Partners, has acquired ATS Systems, a national supplier of machine tool accessories and automation. The add-on acquisition expands Forkardt Hardinge’s product portfolio and service capabilities in workholding, coolant management, bar feeders and related machine tool accessories, and marks the platform’s first bolt-on since partnering with Centre Lane Partners in 2024.

Masco Group has acquired Techniserv, Inc., a U.S.-based provider of bioreactor and bioprocess systems, to strengthen its U.S. presence and expand its upstream and downstream processing capabilities. Techniserv will continue operating under its current leadership as part of Masco Group's Process Business Unit, bringing a 62,000 sq. ft. Pennsylvania facility and service team to Masco's global platform.

Novopor Advanced Science Private Limited, a Bain Capital portfolio company, acquired Pressure Chemical Company (PCC) from the Minafin Group to expand its specialty chemicals and materials platform. The add-on purchase strengthens Novopor’s high-pressure chemistry, polymerization and alkoxylation capabilities and expands its U.S. footprint (Pittsburgh) as part of a broader platform build; financial terms were not disclosed.

Mission Critical Group (MCG) has acquired DVM Manufacturing, LLC (DVM Power + Control), a manufacturer of low- and medium-voltage electrical distribution equipment. The deal expands MCG’s manufacturing footprint (adding ~350,000 sq ft across PA, GA and CT), strengthens field and aftermarket service capabilities, and adds technical expertise to support data center and industrial power solutions.

Ennis, Inc. (NYSE: EBF) has acquired Northeastern Envelope, a family-owned envelope manufacturer based in Old Forge, Pennsylvania. The acquisition expands Ennis' converting and printing capabilities and strengthens its presence in the northeastern U.S.; terms were not disclosed.

Emko Capital has rebranded its AEFP portfolio as Solestra Group and announced that Solestra portfolio company EF Precision Group has acquired NEK Manufacturing, a specialist in precision machining for medical implants. The deal strengthens Solestra Group's advanced medical manufacturing capabilities and expands its footprint across North America.

LDR Partners, through its LDR Growth Partners Fund I LP, led a strategic merger between Universal Impact Technologies, Inc. and ATI Group LLC to form ATI Group Holdings. The combined company—bringing together the Hurricane Attachments and Level Best brands—will be led by Mike Cardinal as CEO and aims to scale manufacturing capabilities and expand product offerings for construction and landscaping equipment attachments.

Ballymore Safety Products, a portfolio company of One Equity Partners, completed the acquisition of Consolidated Storage Companies, Inc. d/b/a Equipto, a Pennsylvania-based manufacturer of mobile racking and engineered storage solutions. The deal expands Ballymore's domestic manufacturing footprint, adds new product categories and capabilities in material handling and storage, and brings roughly 100 Equipto employees into the Ballymore platform.

Ballymore Safety Products, a One Equity Partners-backed platform, has acquired Consolidated Storage Companies, Inc. d/b/a Equipto, a manufacturer of mobile racking, safety storage products, and customized access solutions headquartered in Tatamy, Pennsylvania. The acquisition expands Ballymore's domestic manufacturing footprint and product breadth in material handling and storage and adds roughly 100 Equipto employees to the Ballymore family of safety-focused brands.

An affiliate of Balmoral Funds LLC has acquired R.H. Sheppard Co., Inc. from Bendix Commercial Vehicle Systems LLC (a North American subsidiary of Knorr-Bremse). The transaction establishes Sheppard as an independent, PE-backed platform focused on steering technologies for Class 5-8 trucks, with management and operational investment planned to drive growth and innovation.

Gladstone Investment Corporation (NASDAQ:GAIN) acquired Nielsen-Kellerman, Inc. on December 19, 2024, providing both equity capital and senior secured debt to complete the transaction. Nielsen-Kellerman, a Boothwyn, Pennsylvania-based designer and manufacturer of rugged environmental measurement and sports performance instruments, will leverage Gladstone's resources to expand market reach and enhance product offerings.

San Francisco-based private equity firm Cogenuity Partners has acquired United Safety & Survivability Corporation (USSC) from Dubin Clark. USSC is a designer and manufacturer of safety and survivability products for transit, military and first-responder vehicles; the sale follows growth and capability expansion under Dubin Clark including expanded U.S. manufacturing, R&D and multiple integrations.

NewGuard Plastic Cards and independent sponsor Daboosh Investments have acquired Cranberry Township, Pennsylvania-based Allegheny Card Solutions, with investment support from Tecum Capital Partners and senior financing from Dollar Bank. The deal combines NewGuard's large-scale card manufacturing capabilities with Allegheny's expertise in printed gift, loyalty and membership cards to create an expanded, vertically integrated card solutions provider.

Wise, a business forms, labels and digital printing specialist based in Alpharetta, Georgia, has acquired the continuous and unit set business forms assets of Victor Printing effective September 30, 2024. Victor Printing will retain its cut-sheet business forms and commercial printing operations; Wise said the assets will complement its current offerings and allow it to enhance product and service capabilities for Victor Printing customers.

Chicago-based Kreher Steel Co. has acquired Ritchey Metals Company, a Pittsburgh-area producer of zinc and aluminum alloys and the largest zinc-aluminum steel coatings alloyer in North America. The deal adds more than 120,000 tons of annual alloy output capacity and approximately 110 employees across two facilities, expanding Kreher's manufacturing footprint and product offerings.

Speyside Equity has acquired Reed Minerals from Enviri Corporation in a carve-out transaction for $45 million in cash, subject to post-closing adjustments. Enviri said it will use the proceeds to reduce debt and focus on core markets, while Speyside plans to invest in Reed Minerals to support product launches and growth.

Sampco Inc., a Pittsfield, Massachusetts-based brand-building marketing and sample production company, has acquired Pak-it Displays, LLC, a 63-year-old point-of-purchase (POP) display and store fixture designer and manufacturer based in Bensalem, Pennsylvania. The acquisition will expand Sampco's display design and manufacturing capabilities, enable cross-selling with its Qualprint business, and broaden Pak-it's capabilities for its clients across retail, food & beverage and home improvement end markets.

Trane Technologies, through its Thermo King brand, completed the acquisition of Klinge Corporation on August 1, 2024. Klinge, a York, Pennsylvania–based maker of specialized ISO refrigerated transport containers and related power-generation equipment, will complement Thermo King's transport temperature-control portfolio and expand its capability to serve highly specialized cold‑chain and government/military markets.

An affiliate of Stellex Capital Management has executed a definitive agreement to acquire McConway & Torley and Standard Forged Products from Arcosa, Inc.; the transaction is expected to close in the third quarter. The Pittsburgh-based businesses produce cast, forged and machined components for rail and industrial customers and will operate independently under Stellex with industry veteran David Meyer named CEO to drive organic and acquisitive growth.

Magnetic Holdings, a portfolio company backed by Tinicum, has acquired Electron Energy Corporation (EEC), a U.S. manufacturer of samarium‑cobalt and rare‑earth magnets. The Walmer family retained a significant minority stake and Michael Walmer joined Magnetic Holdings' board; financial terms were not disclosed. The deal creates a vertically integrated group of magnet businesses serving aerospace, defense, medical, semiconductor, energy, and industrial end markets.

The Jade Steel Group, together with Standard Horse Nail Company, LLC, has acquired Precision Kidd Steel Company, a U.S.-based producer of precision cold-drawn steel bar, wire and special profile shapes. The acquisition expands Jade Steel Group's precision value-add and distribution capabilities and follows V&A Capital's sale of its portfolio company Precision Kidd Steel.

TRANSTEX, a cleantech transportation OEM, has acquired US Liner Company (formerly American Made LLC), a Pennsylvania-based manufacturer of glass-reinforced thermoplastic composite components. The acquisition expands TRANSTEX's North American manufacturing capacity and secures a supply of lightweight, corrosion-resistant composite materials for transportation, RV and agricultural applications.

Hanwha Systems and Hanwha Ocean will invest $100 million to acquire Philly Shipyard from Aker ASA, bringing a U.S. Jones Act shipbuilder into the Hanwha group. The acquisition aims to expand Hanwha’s shipbuilding and defense capabilities in the United States by combining Hanwha’s naval systems and marine technology with Philly Shipyard’s U.S. shipbuilding operations and Jones Act-compliant production.

Solenis, a global specialty chemicals producer, acquired Aqua ChemPacs, LLC, a Huntingdon Valley, Pennsylvania-based manufacturer of dissolvable concentrated liquid chemical packs, on June 10, 2024. The deal adds Aqua ChemPacs' eco-friendly ChemPacs technology and low-carbon-footprint packaging to Solenis' Diversey portfolio, expanding the company's institutional cleaning and sustainability capabilities.

COMTEC Mfg., a Continuim Equity Partners portfolio company, has acquired Innovative Sintered Metals, Inc. (including its Vision Quality Components division) to create a larger, mid‑market powder metal manufacturing platform based in St. Marys, Pennsylvania. The deal combines complementary manufacturing capabilities and certifications to expand capacity, technical resources, and end‑market coverage across fluid control, electrical, general industrial, and automotive customers.

FalconPoint Partners completed its inaugural investment in JENNMAR, committing and investing in excess of $250 million of equity to support the company's global expansion. JENNMAR — a century-old manufacturer of infrastructure products and provider of specialized services to the civil infrastructure, solar, mining, and construction markets — will remain led by CEO Tony Calandra and his management team; the transaction also provides significant liquidity to the business.

Etnyre International Ltd has acquired Hendrick Manufacturing, a long-established U.S. manufacturer of perforated metal, wedge wire and architectural metal products with facilities in Carbondale, Pennsylvania and Owensboro, Kentucky. The transaction, completed May 6, 2024, expands Etnyre's metal manufacturing capabilities and footprint into new markets and brings Hendrick into the Etnyre group of companies.

Dallas-based private equity firm Breck Partners partnered with NPX One CEO Rudy Cuellar and management to acquire NPX One from Atlas Holdings. NPX One, a leading U.S. manufacturer of expanded polystyrene food trays headquartered in Reading, Pennsylvania with an additional facility in Indianapolis, will operate as a platform for continued growth and operational improvement under Breck's ownership; terms were not disclosed.

Trinity Investors and Insight Equity announced the acquisition of Atmos Technologies, with Trinity investing approximately $37.6 million to acquire the company and support growth initiatives. Atmos Technologies is a U.S.-based specialty materials manufacturer focused on sustainable formulations for environmental and infrastructure applications, including landfill remediation, renewable elastomers for tires, and recycled asphalt technologies.

Hyperion Materials & Technologies announced an agreement to acquire Prism Technologies, Inc., an Elizabeth, Pennsylvania-based manufacturer of compaction tooling, specialty components and wear parts. Prism will be integrated into Hyperion’s Precision Solutions business unit to add compaction tooling capabilities and capacity; the transaction is expected to close subject to customary conditions.

One Equity Partners (OEP) has completed the acquisition of Ballymore Safety Products, a Coatesville, Pennsylvania–based designer and manufacturer of engineered vertical access, material handling and safety products. Ballymore—previously owned by Graycliff Partners—operates six U.S. facilities with ~270 employees; OEP said it will grow the company through product development and transformational M&A to expand its safety and productivity solutions across retail, warehousing and industrial customers.

Berry Global Group, Inc. acquired F&S Tool, a precision injection molding tool designer and manufacturer based in Erie, Pennsylvania, from NewHold Enterprises. The deal closed on April 5, 2024; F&S Tool operates a 90,000 sq. ft. facility, holds 11 issued/pending patents and employs about 105 people, and the acquisition expands Berry's global tooling and manufacturing capabilities.

IES Holdings, Inc. (NASDAQ: IESC) has acquired Greiner Industries, a Mount Joy, Pennsylvania-based structural steel fabrication and services company. Greiner—which operates a 450,000-square-foot manufacturing campus on 60 acres, generated approximately $58 million in revenue in 2023 and employs over 275 people—will join IES's Infrastructure Solutions segment and continue to operate under the Greiner name.

Haartz Family Holdings, the investment arm of the Haartz family, has acquired Total Molding Services, Inc. of Trumbauersville, Pennsylvania and rebranded the business as Moldgenix. The acquisition expands the Haartz family's holdings in plastics processing and brings Total Molding Services' mold design, mold building, injection molding, machining, automation, assembly and packaging capabilities into the group's portfolio.

RHI Magnesita (RHIM) agreed to acquire Resco Group (Resco Products, Inc.) from an affiliate of Balmoral Funds and management for an enterprise value of roughly $410–430 million. The deal expands RHIM's North American footprint—adding Resco's 11 plants and raw-material sites—and is intended to improve local-for-local production, supply security and product portfolio breadth in steel, cement and petrochemical markets.