Lindsay Corporation, the Omaha-based irrigation and infrastructure technology company, has agreed to acquire Setorial Irrigação, a leading Brazilian manufacturer of hose reel irrigation systems. Closing is subject to customary conditions and expected in the coming months. Terms were not disclosed.
An affiliate of H.I.G. Capital, which manages $75 billion, has acquired a majority stake in L4A, a Bergamo-based platform maintaining and upgrading airport airside, water and district heating infrastructure through subsidiaries Artifoni, LSE and MPM. Existing shareholders and co-CEOs remain invested and will keep running the company. Terms were not disclosed.
KKR agreed to acquire the Explosion Protection and Static Control segments of Swiss diversified technology group HOERBIGER. The carve-out covers IEP Technologies and Newson Gale, two industrial safety solutions providers that make up the majority of HOERBIGER's Safety Business Unit. Financial terms were not disclosed.
An H.I.G. Capital affiliate acquired a majority stake in L4A, an Italian infrastructure maintenance and upgrading platform, partnering with existing shareholders and co-CEOs.
Falfurrias Management Partners has made growth investments in control systems integrator Industrial Design Solutions and OT engineering services provider RED Group, combining them as the foundation of a new industrial automation platform. RED Group CEO Carl Fangue will lead the combined business, which serves data centers, utilities, water, energy, maritime, chemicals and manufacturing. Terms were not disclosed.
Funds managed by Morgan Stanley Capital Partners acquired The Rapid Group, a provider of inspection, repair and maintenance services for rotating equipment.
Brightstar Capital Partners acquired a majority interest in Material Handling Group USA, a material handling equipment and services provider; terms were undisclosed.
Construction Partners acquired S.E. Cline Construction, a Palm Coast, Florida site development and underground utility contractor with about 60 employees.
Cardinal Infrastructure Group amended its agreement to buy Central Florida contractor Hughes Brothers Construction, keeping the $357.5 million price but shifting consideration to 60% cash and 40% stock. The earnout, up to $162.5 million, was also revised. Hughes Brothers posted $220 million in revenue and has about $350 million in backlog; closing is still expected in Q4 2026.
26North Partners signed a definitive agreement to acquire MEI Industrial Solutions from Olympus Partners. MEI provides rigging, machinery moving, storage and logistics for data center and semiconductor customers. Under Olympus it grew from 16 to 30 locations, made seven acquisitions and now has nearly 2,500 employees. Terms were not disclosed.