Private Equity-Backed Industrial Services Acquisitions

Thompson Safety, a national provider of fire protection and workplace safety services, has acquired Houston-area Fulshear Fire Protection to strengthen its presence in the Greater Houston market. The acquisition increases Thompson's local technician roster and service capacity, expands its commercial and industrial customer base, and is expected to create cross-sell opportunities across Thompson's safety and fire protection offerings.

Investment funds managed by Morgan Stanley Capital Partners have acquired Security 101, a West Palm Beach-based commercial security integration services provider. The deal positions Morgan Stanley to expand Security 101's national accounts program and support continued organic growth and M&A activity; prior investor Gemspring Capital had partnered with the company during its prior scale-up phase.

Tavoron, a PE-backed national automation and industrial systems platform, has acquired Doig Corporation, a factory automation distributor headquartered in Cedarburg, Wisconsin. The add-on expands Tavoron's automation distribution capabilities and strengthens its presence across the Upper Midwest, while Doig will continue operating from its Cedarburg location under the Tavoron brand.

BayHawk Capital, a private equity firm, has made a strategic growth investment in Gridco, a provider of distribution, transmission and substation maintenance, upgrade and construction services for electric utilities. The founders remain majority shareholders and will continue to lead the company; proceeds will support organic growth and strategic acquisitions and expand Gridco's ability to serve utility clients across the Southeastern United States.

Superior Environmental Solutions (a Palladium Equity Partners portfolio company) has acquired ChemWorx, a Decatur, Alabama-based specialist in chemical cleaning and fin fan foaming. The add-on transaction expands SES’s technical capabilities and regional footprint across the Southeast; financial terms were not disclosed.

Pye-Barker Fire & Safety has acquired Universal Fire Systems, a 34-year fire sprinkler specialist based in Tampa, Florida, expanding Pye-Barker's presence and fire protection capabilities in the Tampa Bay market. The deal brings Universal's portfolio of commercial projects and experienced technicians into Pye-Barker's nationwide platform; Pye-Barker is represented by Nelson Mullins Riley & Scarborough in the transaction.

Middle-market private equity firm HKW has acquired Handling Systems and Conveyors, Inc. (HSC), a vertically integrated designer, manufacturer, installer and service provider of cranes, hoists, conveyors and tooling solutions. HKW said it will support HSC’s growth by expanding service penetration, investing in new geographic locations and pursuing strategic add-on acquisitions; financial terms were not disclosed.

RF Investment Partners partnered with Prairie Capital to provide flexible capital supporting a recapitalization of NSG Life Safety and Norel Service Company (together "NSG-Norel"), a New England provider of fire, life safety, and security solutions. The transaction positions NSG-Norel to invest in people, technology, new service lines and geographic expansion to support its next phase of growth.

Tencarva Machinery Company, a value-added distributor backed by Bessemer Investors, has acquired Hoffman-Kane Distributors, a Pittsburgh-based provider of industrial fluid handling and sealing solutions. The acquisition expands Tencarva's footprint across the Ohio Valley and Mid-Atlantic, secures exclusive OEM territorial rights, and brings additional technical capability and aftermarket services into Tencarva's platform.

Industrial Service Solutions (ISS), a portfolio company of Wynnchurch Capital, has acquired MSHS Pacific Power Group (MSHS & PPG) from MPE Partners. The add-on expands ISS's nationwide footprint with 10+ locations, adds more than 450 technical and support staff and 150+ OEM relationships, broadening ISS's combustion engine, marine and power generation MRO capabilities; terms were not disclosed.

The State Group, a portfolio company of funds managed by Apollo, has acquired Ruder Electric, a Kankakee, Illinois-based electrical contractor. The add-on expands The State Group's footprint into central and northern Illinois and brings Ruder Electric's electrical construction, maintenance, fire, security, communications, utility, and safety systems capabilities (including over 100 union electricians) into the platform.

Affiliates of private investment firm Halo Partners, L.P. have acquired W.O. Grubb from the estate of prior family ownership. The investment will provide capital and strategic resources to support Grubb’s growth across infrastructure, industrial, utility and data center markets while preserving management and operations.

Truelink Capital has acquired SouthernCarlson, a leading U.S. distributor of fasteners, tools, packaging and construction supplies, from Kyocera Corporation. The transaction is supported by a senior secured credit facility co-led by Bain Capital Credit and Goldman Sachs Alternatives to finance Truelink's purchase; SouthernCarlson will operate as an independent, nationwide platform to pursue organic growth and strategic M&A.

Michelli Weighing & Measurement, a portfolio company of Summit Park LLC, has acquired Greenville Scale Company, Inc., a Taylors, South Carolina provider of scale sales, service, installation and certified calibration. The add-on acquisition, which closed on February 9, 2026, expands Michelli’s footprint across the Southeast and preserves Greenville Scale’s local expertise while providing access to Michelli’s broader resources and scale.

SunSource Holdings has completed the acquisition of Vytl Controls Group (formerly PVI Holdings) from MiddleGround Capital; financial terms were not disclosed. Vytl, headquartered in The Woodlands, Texas, operates 32 branches across 11 states with more than 1,100 employees and provides distribution, design, repair and remanufacturing of valves, actuators and other flow control products; the deal broadens SunSource’s flow control solutions capabilities and distribution footprint.

Tavoron, a manufacturing automation platform backed by Fusion Capital Partners, acquired DP Technologies Group and DP Brown of Saginaw in a deal that closed on February 5, 2026. The acquisition expands Tavoron's industrial automation capabilities and Midwest footprint by adding DP's motion control products, engineering services, and panel-building expertise.

CORE Industrial Partners’ portfolio company IMMEC has made a strategic investment in Helton Electrical Services, a Sandersville, Georgia-based provider of utility, commercial/industrial electrical, and HVAC services. The add-on expands IMMEC’s technical capabilities and geographic coverage, particularly into utility overhead and underground distribution markets, while Helton will continue to operate under its existing leadership.

Kanbrick, a long-term investment partnership, has acquired Keep Supply, a Springfield, Missouri–based distributor of industrial refrigeration parts and equipment. The investment will support Keep Supply’s continued growth, expand its parts and equipment portfolio, and deepen customer and vendor relationships.

ZCG-backed VENU+ has acquired VLocker, an Australian leader in electronic locker design, manufacture, installation, and management, to expand VENU+'s global smart locker and guest mobility platform. The deal strengthens VENU+'s presence across Australia and Asia and follows its recent Tiburon Lockers acquisition as part of its platform build-out under ZCG Private Equity.

Centurion Group has acquired Kabin Hire, a Wales-based provider of portable accommodation and welfare units, and Rapid Camps, an Australian turnkey remote-camp operator headquartered in Fremantle. The acquisitions expand Centurion's geographic footprint and capabilities in temporary accommodation and infrastructure rental as the company increases its credit facility to $125 million to support further growth.

Pye-Barker Fire & Safety has acquired The Alarm Group, a commercial security and alarm provider operating in Oklahoma City and Lawton, to expand its security and alarm capabilities in Oklahoma. The deal pairs TAG’s local presence and mobile security offerings with Pye-Barker’s national scale to strengthen service for commercial customers across the state; TAG’s co-owners and technicians will remain involved following the transaction.

Hoskin Group, a Canada-based portfolio company of River Associates Investments, has acquired Calgary-based Westech Industrial, a supplier of analytical instrumentation and process control equipment. The add-on transaction closed on January 30, 2026 and expands Hoskin's national industrial and process instrumentation platform, creating cross-selling and capability extension opportunities.

Reliability Won, a Battery Ventures–backed asset-reliability platform, has acquired Fluid Life, a lubrication and oil-analysis provider with four laboratories across the U.S. and Canada. The deal expands Reliability Won’s capabilities into oil-condition monitoring as an add-on to its existing Knowledge pillar and will keep Fluid Life operating under its existing brand and leadership.

APPLIED Adhesives, a portfolio company of Bertram Capital, has acquired Interlock Adhesives, a UK-based adhesive technology and solutions provider headquartered in Scunthorpe. The deal establishes APPLIED’s presence in the United Kingdom and pairs APPLIED’s broader technical capabilities with Interlock’s local market knowledge to expand offerings for packaging, labeling and bookbinding customers.

Pye-Barker Fire & Safety has acquired Knight Security Systems, a Harrisburg, Pennsylvania-based provider of security and fire alarm installation and 24/7 monitoring services. The acquisition expands Pye-Barker's presence in Central Pennsylvania and brings Knight's local teams and Knight Watch monitoring capabilities into Pye-Barker's national life-safety and security platform.

Houston-based private equity firm Capstreet has acquired TOPS Field Services, LLC, a Huffman, Texas–based provider of inspection, overhaul and maintenance services for gas and steam turbines, LNG equipment, and generators. Management, including founder and CEO Toby Wooster, will remain with the company as Capstreet partners with TOPS to expand service offerings, enhance capabilities, and pursue geographic expansion; terms were not disclosed.

Integrated Power Services (IPS) has completed the acquisition of TechPro Power Group, Inc., a provider of power systems lifecycle management and field services. The deal expands IPS’s technical capabilities and geographic coverage across North America, enhancing service offerings for mission-critical end markets such as data centers, utilities and oil & gas.

Pavement Preservation Group (PPG), a portfolio company of The Sterling Group, acquired Holbrook Asphalt, LLC and Integrated Pavement Solutions, LLC to expand its national pavement preservation platform. The deal broadens PPG’s geographic footprint across the Intermountain West, Southwest and Southern United States and adds IPS’s HA5 product line and related preservation capabilities to the platform.

Nexterra Environmental has acquired GETSCO, Inc., a Middlesex, North Carolina-based provider of erosion and sediment control products and services. GETSCO will continue to operate under its existing name while gaining access to Nexterra's broader product depth, technical resources and national platform as part of Nexterra's multi-regional expansion strategy.

Specialized Elevator, a Berkshire Partners portfolio company, has merged with Vintage Elevator Services to expand its unionized elevator and escalator services footprint in the San Francisco Bay Area. The deal preserves Vintage's local brand and leadership while integrating it into Specialized's national platform to strengthen service coverage and resources.

Aurora Capital Partners has acquired Anova, a global Industrial Internet of Things (IIoT) provider that offers hardware, managed connectivity and cloud software to monitor and manage industrial assets. Anova — which monitors more than 1.8 million assets for over 2,000 customers across 80+ countries — will remain led by its current management while Aurora plans to support product investment, international expansion and add-on M&A to grow the platform; Summit Partners is reported as the seller.

Los Angeles-based private investment firm Inspirit Equity has acquired a majority stake in Sizemore, Inc., a facility management services provider headquartered in Augusta, Georgia. The partnership positions Sizemore for accelerated growth through investment in operations, geographic expansion across North America, and both organic and acquisitive growth; financial terms were not disclosed.

TIC Holding Schweiz AG, a Winterberg‑financed buy‑build platform focused on accredited testing, inspection and calibration services, has acquired a stake in Vibro-Consult AG. Vibro-Consult, a Brugg‑based specialist in vibration and machinery diagnostics for power generation and industrial rotating equipment, will join TIC Holding Schweiz's industry platform to accelerate growth and expand testing/monitoring capabilities.

Pye-Barker Fire & Safety has acquired EVCO Integrated Solutions, a Spokane-headquartered security system and fire alarm company serving education, healthcare and commercial customers in eastern Washington, north Idaho and western Montana. The acquisition expands Pye-Barker's life-safety and security service footprint in the Northwest and brings EVCO's capabilities in fire alarms, access control, video surveillance and communications infrastructure into Pye-Barker's platform.

Crescent Capital Group’s European Specialty Lending strategy provided financing to support a buy-and-build platform led by pan‑European private equity firm Apheon and the founders of several Germany-based pipe rehabilitation and manufacturing businesses. The financing will consolidate IMS Group, resinnovation, Polypipe, Amex Sanivar, Hurricane Trenchless Technologie and Kardiam into a single integrated platform offering equipment, materials and turnkey trenchless pipe rehabilitation solutions, with Crescent also committing capital for future add-ons.

The Colt Group, a Houston-based industrial leak repair and mechanical solutions provider backed by Capstreet, has acquired Watertap, Inc., a Wixom, Michigan-based provider of critical line intervention services. The add-on expands Colt's line intervention platform and regional coverage across the Great Lakes, while retaining Watertap's team; terms were not disclosed.

The Riverside Company has invested in AC&M Fire Equipment as an add-on to its Relay Fire and Safety platform. AC&M, headquartered in Acton, Massachusetts, provides fire extinguisher services and product sales to commercial customers across the Boston metro and Western Massachusetts, strengthening Relay's presence and capabilities in New England.

Amberjack Capital Partners completed a majority recapitalization of CIMA Services, L.P., a Houston-area industrial and environmental services provider, in a transaction that closed January 15, 2026. GulfStar Group served as exclusive financial advisor to CIMA; the recapitalization will support CIMA's rapid growth plan while providing liquidity to the founder/owner team.

Two Roads Partners has acquired Uniserve Facilities Services, a long-established provider of janitorial and facility maintenance services across California. The transaction provides partial liquidity to Uniserve's family owners while leaving founding shareholders involved to support the company's next phase of growth under Two Roads' ownership.

Automated Industrial Robotics Inc. (AIR), a PE-backed industrial automation platform supported by Ares private equity funds, has acquired KAON Automation, an Ireland-based provider of bespoke automation systems for medical and life sciences manufacturers. The deal expands AIR’s capabilities in precision assembly, aseptic high-speed filling and end-of-line automation while strengthening its footprint in Ireland and the broader medical/life sciences end markets.

LindFast Solutions Group, a portfolio company of Nautic Partners, has acquired AZ Wire & Cable from private equity owner MFG Partners. AZ, a Northbrook, Illinois-based master distributor of industrial, commercial, and specialty wire and cable, will join LSG’s distribution platform to expand product and geographic reach; financial terms were not disclosed.

Atlantis Fire Protection, a PE-backed fire protection platform, acquired Armor Fire Services of Mount Holly, North Carolina and will retain the Armor brand with founder Mike Jaggers and Kimberly Jaggers continuing to operate the business. The deal expands Atlantis Fire Protection’s fire and life-safety services footprint in North Carolina and strengthens its roster of regional owner-operators supported by financial backers Lynch Holdings and Capital Alignment Partners.

MEI Industrial Solutions, a portfolio company of Olympus Partners, has acquired CCI Industrial Services, an industrial services provider headquartered in Somerset, Kentucky. The acquisition adds roughly 120 employees, expands MEI's footprint in the Southeast (establishing a presence in Kentucky) and brings equipment-level electrical, millwrighting, rigging and fabrication capabilities to MEI's end-to-end service offering.

Los Angeles-based private equity firm Fusion Capital Partners has acquired Excel Engineering, a Diagonal, Iowa-based testing and certification firm that provides engine, powertrain, battery and emissions testing services to OEM and industrial customers. The transaction (terms undisclosed) is positioned as a growth-oriented, capability-expanding platform investment to scale Excel's testing capacity, capabilities and talent; Monroe Capital acted as a joint lead arranger on the senior credit facility supporting the deal.

Allied Services Group, the electrical services platform backed by Bear Castle Capital, has acquired Substations, Inc. (SSI), a high-voltage substation installation and maintenance contractor. The add-on expands Allied’s service capabilities into Texas and strengthens Bear Castle’s electrical services platform in the South-Central United States.

Chemelex has acquired substantially all assets and ongoing operations of Electric Heat Trace Group Ltd. (EHT Group), including its SmartTrace cloud and on‑premises monitoring platform. The acquisition expands Chemelex's digital capabilities for heat tracing—combining SmartTrace with Chemelex's Raychem Elexant controllers and field services to deliver predictive maintenance and remote monitoring to industrial customers.

Brown & Root Industrial Services, a joint venture owned by One Equity Partners and KBR, has acquired Specialty Welding and Turnarounds (SWAT) from ORIX Capital Partners; Hastings Equity Partners sold its minority stake as part of the transaction. The deal expands Brown & Root’s industrial services capabilities in specialty welding and turnaround work across refining, petrochemical and biodiesel clients and builds scale for the Brown & Root platform.

American Elevator Group (AEG) has merged with Mid‑America Elevator, a long‑standing Indianapolis-based provider of elevator maintenance, repair and modernization services. Maven Group advised Mid‑America; terms were not disclosed. The transaction brings Mid‑America into AEG’s national platform to expand capabilities, access advanced technologies and accelerate growth in Indiana while preserving local leadership and the Mid‑America brand.

PureStar has acquired Emerald Textiles from Pacific Avenue Capital Partners, closing on December 30, 2025. The deal combines PureStar's hospitality laundry platform with Emerald's West Coast healthcare linen operations, creating a scaled, diversified commercial laundry provider backed by Cornell Capital.

Pye-Barker Fire & Safety acquired United Fire Solutions, a full-service fire protection company based in Murrieta, California. The transaction expands Pye-Barker's presence in Southern California and adds United Fire's capabilities in fire suppression, sprinkler systems, commercial kitchen and vehicle suppression, and emergency lighting.