Private Equity

Industrials

Incline Equity Partners invests in industrial distributor The Conrad Company

York, Pennsylvania-based The Conrad Company supplies pneumatic, hydraulic, automation, lubrication and compressed air products to manufacturing plants, food and beverage facilities and industrial customers.

1 min read · 29 September 2026

Mutares agrees deal to buy Steinmüller Engineering from Japan's IHI

Steinmüller Engineering, based in Gummersbach, Germany, provides engineering, procurement and turnkey EPC services for combustion and incineration, air pollution control and heat transfer systems.

2 min read · 29 September 2026

Bain Capital-backed MRO Holdings agrees to 65 percent sale to AAR at $4bn EV

MRO Holdings provides aircraft maintenance, repair and overhaul services across the Americas, with around 10,000 staff and facilities in El Salvador, Mexico, Colombia and the US.

2 min read · 29 September 2026

Riverside backs French medical device CDMO Medical Group; Mutares to acquire Steinmüller Engineering

Founded in 1989 and headquartered in Saint-Priest, Medical Group serves the medical device industry.

4 min read · 29 September 2026

Permira’s Stefan Dziarski on growing fraud intelligence biz BioCatch in the age of AI; Veritas only pursuer of Bodycote after CVC drops out race

4 min read · 28 September 2026

Carlyle leans into carve-outs as dealmaking gets more competitive

Industrials, defence and healthcare sectors stand to benefit, co-head of Americas PE Steve Wise tells PEI.

3 min read · 24 September 2026

Atlantic Street bets on HVAC with Canada’s GLP; GHK-backed WSB picks up engineering firm; LLR backs energy management biz

Atlantic Street Capital announces majority investment in GLP, a specialty HVAC distributor serving a range of markets; WSB, a portfolio company of GHK Capital Partners, has acquired Poly, an architecture and engineering firm; LLR Partners makes an investment in EnergyCAP, a utility and energy management platform.

4 min read · 24 September 2026

Atlantic Street Capital inks majority investment deal for HVAC distributor GLP

Founded in 1958, Toronto-based GLP supplies HVAC equipment, parts and components to utilities, telecom and industrial customers.

1 min read · 24 September 2026

Pfingsten acquires precision bearings distributor Next Point Bearing Group

Valencia, California-based NPBG distributes standard, specialized and custom bearings and offers cleanroom processing, custom machining and other value-added services to industrial, aerospace and motion-control customers.

2 min read · 23 September 2026

Ambienta's Glacialis buys Italian refrigeration firms Madefrigor and TDF in fifth add-on

Madefrigor, founded in 1975 and based in Rovello Porro, Italy, designs, assembles and installs industrial refrigeration systems and air handling units, with subsidiary Tecnica del Freddo adding more than 70 years of refrigeration maintenance experience from Parma.

2 min read · 23 September 2026

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