New
Add Ons
Vasco Expands Sports Surfaces Platform
The acquisitions of South Carolina-based Howard B. Jones & Son and Florida-headquartered Court Surfaces strengthen Vasco’s Southeast operations
The Vasco Group, a sports surfaces company and a portfolio company of Monogram Capital and Halmos Capital since April 2025, has acquired Howard B. Jones & Son and Court Surfaces of Florida. The Vasco Group is a provider of sports surfacing services, including construction, resurfacing and maintenance of athletic fields and courts used by K–12 schools, universities, municipalities, homeowner associations and professional athletic organizations. The company’s capabilities include asphalt and synthetic turf surfacing, track and…
Nomad Finds a Home at Urban Armor Gear
HKW acquired Urban Armor, a provider of mobile electronic accessories, in August 2018
Urban Armor Gear, a portfolio company of HKW since August 2018, has acquired Nomad Goods, a designer and manufacturer of smartphone and smartwatch accessories. Nomad’s products include charging cables, wireless chargers and protective cases, including Base Station wireless charging hubs used to power multiple devices simultaneously; Horween leather iPhone cases; and Sport Bands for smartwatches. The company’s products are sold primarily through a direct-to-consumer channel via the company’s website, alongside selective wholesale distribution. Nomad, founded…
Quantum Containment Closes Fifth Buy
Environmental Alternatives joins four other companies under Pelican Energy's nuclear containment and services platform
Pelican Energy Partners has acquired Environmental Alternatives, a provider of environmental remediation and nuclear decontamination services. Environmental Alternatives (EAI) performs site assessment and remediation work, manages hazardous waste and conducts nuclear decontamination. The company’s services are used in projects involving both radioactive and hazardous materials, from industrial site cleanups to nuclear facility maintenance and decommissioning. The company is headquartered 90 miles northwest of Boston in Swanzey, New Hampshire. The buy of EAI is Pelican’s most…
New Water’s Gravis Heads West with Canadian Buy
The buy of the Quebec-based Western Packaging expands Gravis’ footprint in Canada and its bulk packaging capabilities
Gravis, a portfolio company of New Water Capital, has acquired Western Packaging Solutions. Western Packaging operates as a distributor of packaging products, including standard and custom-formatted flexible bulk containers, container liners, woven polypropylene products and industrial bags. The company’s products are used across a range of end markets, including industrial and commercial sectors. Western Packaging is headquartered near Montreal in Kirkland, Quebec. Gravis is a maker of large-volume packaging products, including flexible bulk containers, bulk…
Vertec BioSolvents Joins Shrieve Chemical Platform
Vertec’s bio-based technology expands Shrieve’s specialty chemicals platform
Shrieve Chemical has acquired Vertec BioSolvents, a West Chicago-based manufacturer of bio-based solvents. Shrieve Chemical is a portfolio company of Gemspring Capital. Shrieve Chemical is a distributor specializing in industrial chemicals, fluids and specialty lubricants and operates across four divisions: Chemical Distribution, Specialty Lubricants and Enhancers, Energy Products and Services, and Custom Packaging. Within its chemical distribution division, Shrieve supplies chemicals and ingredients to a range of industries, including agriculture, energy, food, pharmaceuticals, personal care,…
Heartwood’s Amlon Continues Build
Transaction marks Amlon’s third add-on since continuation vehicle closing
Amlon Group has acquired Excel TSD in a transaction completed by Heartwood Partners through its portfolio company The Amlon Group. The Amlon Group specializes in waste-to-value processing, focusing on recycling industrial byproducts rather than disposing of them in landfills. Specifically, Amlon processes metal-bearing waste streams from industries such as oil refining and semiconductor manufacturing, recovering valuable metals like copper, nickel and cobalt, which are then sold back into the supply chain. The company, led by…
Gemspring-Backed Midland Expands with TSI Acquisition
Acquisition strengthens Midland’s OEM HVAC capabilities and sourcing network
Midland Industries, a portfolio company of Gemspring Capital, has acquired Trading Services International. Trading Services International (TSI) distributes industrial components primarily used in the HVAC sector. The company supplies aluminum, copper, and brass fittings, valves, and coils that are used by OEMs in the production of HVAC systems and related equipment. The acquisition of TSI expands Midland’s product portfolio and adds sourcing capabilities in aluminum, copper, and brass components used in HVAC applications. TSI’s relationships…
Amlon Adds-On Again with Lion Buy
The acquisition of Lion is the second add-on acquisition for Amlon since the December 2025 close of a $245 million continuation fund
The Amlon Group, a portfolio company of Heartwood Partners, has acquired Lion Industrial Resources, a provider of industrial waste management services. Lion’s services include waste management, tank rental, bulk liquid and solid waste transportation, consulting, oil and metal recycling, cleaning services, and waste profiling and sampling. The company was founded in 2007 and is headquartered near Houston in Channelview, Texas. The Amlon Group specializes in waste-to-value processing, focusing on recycling industrial byproducts rather than disposing…
Gryphon-Backed Mechanix Wear Buys PPE Developer OTEX
Transaction marks third acquisition for Mechanix Wear under Gryphon ownership
Mechanix Wear, a portfolio company of Gryphon Investors, has acquired OTEX, a manufacturer of personal protective equipment. OTEX develops safety apparel and protective equipment such as protective hoods, flame-resistant garments, and safety apparel used in industrial environments where workers are exposed to heat, airborne contaminants, or hazardous materials. Many of OTEX’s customers are active in the utilities, construction, energy, and industrial manufacturing sectors. OTEX is known for its SMARTHOOD system, which combines protective hood designs…
Technimark Adds-On with Rage Buy
Family-owned Rage Custom Plastics is the first add-on acquisition for Technimark under Oak Hill ownership
Technimark, a portfolio company of Oak Hill Capital and Pritzker Private Capital, has acquired Rage Custom Plastics, a manufacturer of plastic products used in medical and consumer healthcare applications. Rage Custom Plastics manufactures injection-molded and injection blow-molded plastic components, including plastic bottles, containers, and specialized molded parts used in medical devices, pharmaceutical packaging, and consumer healthcare products. The company also provides product development services and manufacturing programs for customers seeking specialized packaging and molded components….
Two Century-Old Coffee Businesses Plan to Brew a Combined Platform
Braemont Capital–backed buyer seeks to expand national roasting and distribution network
Royal Cup Coffee and Tea, a portfolio company of Braemont Capital since December 2025, has agreed to acquire Farmer Brothers Coffee at an equity valuation of approximately $28 million. Combined with $40 million of long-term net debt, the transaction yields an enterprise value of $68 million. Royal Cup manufactures and distributes roasted coffee, packaged tea and beverage-related equipment and services used by restaurants, hotels, convenience stores, offices, healthcare facilities and specialty coffee retailers across the…
IOP’s Charcuterie Platform Brings Home the Prosciutto
Acquisition strengthens Charcuterie Artisans’ portfolio of dry-cured meats with a Midwestern prosciutto specialist
Industrial Opportunity Partners (IOP) has added on to its Charcuterie Artisans platform with the acquisition of La Quercia Cured Meats from Lynch Family Companies. Charcuterie Artisans produces dry-cured salami, prosciutto, soppressata, and snack-size charcuterie trays that are sold to grocery chains, specialty retailers, and food-service distributors across North America. The company’s owned brands include Creminelli Fine Meats, Italian-style salami made from antibiotic-free pork; Daniele, prosciutto and deli meats; and Del Duca brands, sliced cured meats…
Cortec Expands Duggal’s Reach with CSI Buy
Cortec acquired the large-format digital printer in 2024 through its eighth fund
Duggal Visual Solutions, a portfolio company of Cortec Group since October 2024, has acquired CSI Printing & Graphics (CSI), a provider of printing and graphic services. CSI provides large-format digital printing, dye-sublimation fabric printing, and on-site installation services for retail, corporate, and event clients across the East Coast, as well as national brands throughout the U.S. and Canada. The company’s products include wall murals, window graphics, and trade show displays.CSI also manages project installation, deploying…
New Add-On for New Eagle
Carve out from Dana adds a maker of embedded control systems and electronic control unit technologies
New Eagle, a portfolio company of MiddleGround Capital and a maker of hardware and software controls, has acquired Pi Innovo from Dana. Pi Innovo develops embedded control systems and electronic control unit (ECU) technologies that support vehicle electrification, hybrid propulsion, and clean-fuel applications for OEMs in the commercial vehicle and specialty mobility sectors and for their Tier-1 suppliers. Pi Innovo was founded in the early 1990s and is headquartered in Detroit. The company was acquired…
Trinity Hunt Builds HVAC Supply Platform
Acquisition of Fenco Supply follows Averon’s 2025 investment in Blackhawk Supply
Averon Group, an HVAC distribution platform backed by Trinity Hunt Partners, has acquired Fenco Supply. Fenco is a family-owned distributor of HVAC equipment, parts, and supplies — used in residential and light commercial applications — to HVAC contractors, mechanical service firms, and facilities managers across Eastern Tennessee. Fenco distributes air conditioning units, gas furnaces, HVAC control systems, and related components under brands including Goodman, Daikin, and Aprilaire. Knoxville-headquartered Fenco, led by President Michael Fennell, was…
APPLIED Adhesives Acquires Interlock Adhesives
Transaction adds UK-based adhesive technology provider
APPLIED Adhesives, a portfolio company of Bertram Capital, has acquired Interlock Adhesives, a UK-based adhesive distributor. Interlock provides adhesive products, technical service, and training to customers active in the packaging, labeling, and bookbinding markets. Interlock was founded in 1993 and is headquartered near Leeds in Scunthorpe, England. Interlock operates as a Henkel Premium Partner. Germany-headquartered Henkel is one of the world’s largest adhesives manufacturers. APPLIED Adhesives is a distributor and formulator of industrial adhesive products…
Osceola’s Trauma Services Keeps Expanding
In 2025, the company closed three add-ons and opened six new offices
Trauma Services, a provider of biohazard cleanup and remediation services and a portfolio company of Osceola Capital, continues its growth with the closing of three add-on acquisitions and the green fielding of six new offices in 2025. Trauma Services responds to hazardous and traumatic situations, including crime scenes, unattended deaths, suicides, homicides, hoarding environments, infectious disease incidents, and other biohazard contamination events. The company’s services include 24/7 emergency response for biohazard waste removal, disinfection and…
