Industrials Services Drive Post-Holiday M&A Activity

The industrials market is bustling with activity this week, following the holiday season, with a wave of mergers and acquisitions targeting the industrials and manufacturing services sector. What’s more, it seems like exits are on the rise again. Let’s take a look at the latest deals and news:

Platform Investments
American Industrial Partners (AIP) Acquires PPG’s Architectural Coatings Business: The architectural coatings business of PPG, a leading paint and coating manufacturer, has been acquired by AIP. This move includes the U.S. and Canada operations of the business, which made up around $2 billion of PPG’s total sales in 2023.

Berkshire Partners Invests in RJW Logistics Group: Berkshire Partners, a private equity firm, has made a strategic investment in RJW Logistics Group, a provider of retail logistics solutions. This investment will support the company’s customer service enhancements, innovation efforts, and expansion into new markets.

Sojourner Consumer Partners Invests in Hawaii Coffee Company: Sojourner Consumer Partners, a private equity firm focusing on consumer packaged goods, has invested in Hawaii Coffee Company. The investment, in partnership with Anderson Holdings, marks the formation of the SoJoe Coffee Platform, targeting ready-to-drink coffee companies in North America.

KPS Capital Partners Acquires INEOS Composites: KPS Capital Partners has reached an agreement to acquire the composites business unit of INEOS Enterprises for an estimated $1.79 billion. This business unit manufactures materials used in plastic composite production.

Add-Ons
SolomonEdwards, backed by Renovus Capital Partners, Acquires Steele Consulting: SolomonEdwards, a professional services firm specializing in operational and technology consulting, has acquired tax consulting firm Steele Consulting. This move expands the tax support services available to SolomonEdwards clients.

The Colt Group Acquires Plant Services: The Colt Group, a provider of industrial leak repair solutions, has acquired Plant Services, a company offering leak repair, line stopping, and field machining services. This acquisition targets the heavy process facility market in the Rocky Mountain region.

Sdii Global, Supported by Kian Capital, Acquires Roar Engineering: Sdii Global, a forensic engineering and consulting firm serving the property and casualty insurance sector, has acquired Roar Engineering, a forensic engineering company based in Canada. This acquisition expands Sdii Global’s geographic reach and portfolio offerings.

Exits
Stellex Capital’s A. Stucki Exits Velocity Rail: Stellex Capital’s investment in Velocity Rail has come to an end, showcasing a successful exit strategy in the rail sector.