Every deal we've covered

National mechanical contractor Harris Company acquired JMS Integrated Building Solutions, with Generational Group advising the seller.

Kohlberg acquired a majority interest in automation and control provider Advanced Industrial Devices from Black Bay Partners, with management retaining significant ownership; terms undisclosed.

GenServe closed deals for Seattle's D Square Energy, New Jersey UPS specialist Static Power, Alternative Power Solutions and Houston's 1st Class Generator Services, adding Pacific Northwest reach and East Coast UPS capability.

The Sterling Group's lower middle market Foundation Fund has acquired Slingmax Group, an Aston, Pennsylvania-based manufacturer and distributor of engineered slings and rope solutions for lifting, pulling and securing. Seller River Associates built the platform from Yale Cordage in 2020, adding I&I Sling and Slingmax in 2023 and Wisconsin Lifting Specialists in June 2026; the deal closed September 30 and is River's fourth exit of 2026.

Solidion Technology responded to Flux Power's board rejecting its acquisition proposal, saying it sees no basis to raise its offer and considers the bid best and final. CEO Jaymes Winters disputed the board's claim that the offer "significantly undervalues" the company, citing Flux's dilutive financing needs, regulatory issues and default risk. Solidion said it will continue pursuing other targets in parallel.

Quad-C-backed SEI Group bought Greenhome Specialties, a West Haven, Utah insulation installer, marking SEI's first entry into Utah and its 17th acquisition since its 2021 recapitalization.

Norlee Group, a Heartwood Partners portfolio company, acquired Hickory, North Carolina-based industrial electrical contractor IEM Electric in its eighth add-on since Heartwood's investment.

MES Life Safety bought the assets of PRO-CO Inc., a Winter Springs, Florida provider of industrial safety, instrumentation and process-control solutions, expanding its industrial safety capabilities.

Alfa Laval is starting full integration of Desmet, which it acquired in 2022 including RoseDowns and Stolz and has run as a separate entity, with the process expected to complete by July 2027.

IES Holdings completed its acquisition of DBM Global, a vertically integrated structural steel fabrication, erection and industrial construction platform, for roughly $691 million in cash and IES stock. IES bought 100% of DBM's common stock, including the approximately 91.2% stake held by INNOVATE Corp. DBM generated about $1.5 billion of revenue in the twelve months ended June 30, 2026 and becomes IES's new Structural line of business with roughly 4,000 employees.

Gentherm closed its combination with Modine's Performance Technologies business, spun off via Platinum SpinCo in a Reverse Morris Trust structure first announced in January. Gentherm also acquired the Modine brand, domains and trademarks and will go to market as Modine. Modine plans a shareholder vote to rename itself Modexus Solutions while keeping NYSE ticker MOD.

ESCO Technologies closed its purchase of Megger Group from TBG AG; TBG accepted lock-up provisions on its ESCO stock and gains the right to nominate one board seat.

Dresser Utility Solutions signed an agreement to buy RMG Messtechnik GmbH, a Butzbach-based ultrasonic gas measurement specialist with about 230 employees worldwide.

Cardinal Infrastructure Group completed its acquisition of Allied Paving Contractors, which generated roughly $100 million in standalone revenue, expanding self-perform paving in Atlanta.

ArchKey bought US Communications & Electric, a 130-person technology integration firm specializing in AV, DAS, network infrastructure and security systems.

Energy Services of America signed an asset purchase agreement for FAMCO, a water and sewer infrastructure contractor, at a base price of $6.95 million in cash and stock, closing expected around Oct. 9.

Photonics firm Labsphere acquired Photon Gear, an Ontario, New York builder of ultra-high-precision custom optical systems and lens assemblies.

Motorsports retailer Heintz Performance acquired Woodward Machine Corporation, the exclusive steering supplier to the NASCAR Cup Series since 1995; Viking M&A advised the seller.

KromAmericas acquired American Flame Monitoring, a Texas-based master distributor of Honeywell industrial flame monitoring products, expanding its combustion product portfolio.

Houston-based Dresser Utility Solutions has signed an agreement to acquire RMG Messtechnik GmbH, a global supplier of ultrasonic gas measurement technology. RMG makes high-pressure ultrasonic gas meters, turbine meters, gas chromatographs, flow computers and data loggers, and employs roughly 230 people worldwide with a strong European footprint. Terms were not disclosed. CEO David Evans said the combination broadens Dresser's gas metering portfolio and opens new growth opportunities.