Operating Company Industrial Services

The Industrial Service Group

Indianapolis, Indiana, United States

As facilities continue to age, outsourcing of critical-to-process equipment service is expanding. The Industrial Service Group targets specialty service companies and builds an organization focused on repair, replacement, maintenance, and emergency services—maintaining local service, culture, and management through a partnership model.

Focus Areas
Rotating equipment repair, Rotating equipment maintenance, Critical-to-process equipment service
Website
isgservice.com

Tracked deals

3

3 tracked deals across 2021-2026.

Recent pace

1

1 tracked deal announced in the last 12 months.

Deal mix

Addon

3 addon

The Industrial Service Group Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for The Industrial Service Group. 2 2021 ~1 est. 1 2026
Actual Full-year estimate

Supporting Data

Recent Transactions

  • Buyer
    The Industrial Service Group, TJC
    Target
    Visual Inspection Systems LLC
    Type
    Addon

    The Industrial Service Group (ISG), a TJC portfolio company, acquired Visual Inspection Systems LLC, a Pennsylvania-based provider of predictive maintenance and equipment reliability services. The transaction closed on August 14, 2026; the acquisition adds condition-monitoring and inspection capabilities to ISG’s rotating-equipment service network.

  • Buyer
    The Industrial Service Group, KCM Capital Partners, PNC Mezzanine Capital, Five Points Capital
    Target
    Industrial Air Power, LLC
    Seller
    Chris Klemz, Company management
    Type
    Addon

    KCM Capital Partners' industrial platform, The Industrial Service Group (ISG), completed the acquisition of Industrial Air Power, a Muskego, Wisconsin-based provider of air compressors, parts and lubricants. The deal was executed in partnership with company management and capital partners PNC Mezzanine Capital and Five Points Capital; terms were not disclosed and the founder, Chris Klemz, will continue to run day-to-day operations.

  • Buyer
    Industrial Service Group (ISG), Five Points Capital, KCM Capital Partners, PNC Mezzanine Capital, LBC Credit Partners
    Target
    Georgia Western, LLC
    Seller
    Neil Hutcheson, Greg Giles
    Type
    Addon

    The Industrial Service Group (ISG), its industrial rotating equipment services platform, has acquired Georgia Western, a Kennesaw, Georgia-based provider of electric valve actuation parts, distribution and service. The deal was supported with subordinated debt and equity from Five Points Capital and completed in partnership with management, KCM Capital Partners, PNC Mezzanine Capital and LBC Credit Partners; Georgia Western's founders will remain involved in day-to-day operations.

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