MFG Partners

CST Utilities, Precise Boring of Ohio, Daystar Directional Drilling, and Chuck’s Septic Tank Unite Under GRIT Infrastructure, a portfolio company of MFG Partners

October 15, 2026

Four utility contractors keep their names, crews, and customer relationships while rebranding under a newly-named parent company. GROVE CITY, Ohio (October 15, 2026) – CST Utilities, Precise Boring of Ohio, Daystar Directional Drilling, and Chuck’s Septic Tank, Sewer & Drain Cleaning (the ‘operating companies’) rebrand their parent company to GRIT Infrastructure.

MFG Partners Invests in United Group Services

August 6, 2026

A Leading Provider of Specialty Industrial Services and Mechanical Contracting Cincinnati, OH — August 6, 2026 — MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family-, founder-, and management-owned industrial companies, today announced an investment in United Group Services, Inc. (“UGS” or the “Company”). The

MFG Partners Completes Sale of AZ Wire & Cable to LindFast Solutions Group

January 8, 2026

MFG Partners Completes Sale of AZ Wire & Cable to LindFast Solutions Group, a Nautic Partners Portfolio Company Northbrook, IL – January 8, 2026 MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family-, founder-, and management-owned industrial companies, announced today the sale of AZ Wire

MFG Partners Invests in Regency Electric

November 18, 2025

MFG Partners Invests in Regency Electric, a Leading Commercial Electrical Contractor in Colorado Denver, CO — November 18, 2025 — MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family, founder, and management-owned industrial companies, today announced an investment in Regency Electric, LLC (“Regency”). Founded in 1986,

CST Utilities Acquires Daystar Directional Drilling

July 15, 2025

MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family, founder, and management-owned industrial companies, announced today that its portfolio company, CST Utilities (“CST”), has acquired Daystar Directional Drilling (“Daystar”). CST, founded in 1969 and headquartered in Grove City, OH, is a turnkey infrastructure service company

MFG Partners Completes Sale of Elgen Manufacturing to Worthington Enterprises

June 26, 2025

MFG Partners (“MFG”), a New York-based private equity firm focused on investing in family, founder, and management-owned industrial companies, announced the sale of Elgen Manufacturing Company (“Elgen” or the “Company”) to Worthington Enterprises (NYSE: WOR). Elgen, headquartered in Closter, NJ, engineers, designs, manufactures, and markets HVAC ductwork components used primarily in

MFG Partners Welcomes Ryan Richardson as Vice President, Business Development

August 13, 2024

MFG Partners (“MFG”), a New York-based private equity firm focused on investing in closely held lower-middle market industrial companies, announced today the hiring of Ryan Richardson, who will lead the firm’s business development team as Vice President. Mr. Richardson will be responsible for originating, evaluating, and recommending new investment opportunities that

CST Utilities Acquires Precise Boring of Ohio

July 12, 2024

CST Utilities (CST) announced the acquisition of Precise Boring of Ohio, a provider of essential infrastructure utility services across the state of Ohio. This strategic acquisition marks a significant expansion of CST’s footprint and service offerings in the Midwest and reinforces its commitment to delivering reliable utility solutions to local

MFG Partners Announces Close of Inaugural Private Equity Fund

June 4, 2024

NEW YORK, June 4, 2024 /PRNewswire/ — MFG Partners (“MFG”), a New York-based private equity firm focused on investing in closely held lower-middle market industrial companies, announces the first and final close of its inaugural private equity fund (“Fund I”). Fund I was oversubscribed and secured $299,180,000 in total commitments from a diverse set of

AZ Wire & Cable expands product portfolio with acquisition of Gen-Pro

May 14, 2024

AZ Wire & Cable, a leading redistributor of industrial, commercial, and specialty wire and cable, has announced the acquisition of Gen-Pro, a provider of generator-related products such as generator installation cable. This strategic acquisition further enhances AZ Wire & Cable’s position as a one-stop solution for electrical distribution needs. Since

Mellott expansion continues with strategic partnerships

July 3, 2023

Company leaders from Mellott, Marion Machine and NorX gathered earlier this year at the Georgia Construction Aggregate Association Management Workshop & Expo. Pictured from left are David Niblett, Jeremy Glaze, Rich Blake, Doug Glaze, Jim Levy, Hugh McMichael, Mike Stavola, Joe McNeill, Cory Pruett, Geoff Welcyng and Jason Russell. Photo:

Mellott, Southern Machinery strike a deal

May 4, 2023

Mellott acquired Southern Machinery, a Tennessee-based company specializing in engineering design and the furnishing of material processing systems and components. Southern Machinery was founded in 1958. “This is an exciting opportunity for our family, dedicated associates and loyal business partners,” says Abbay Blankenship, Southern Machinery owner and president. “With Mellott’s expertise and

Mellott Rocks the aggregate industry by partnering with NorX

January 31, 2023

With over 150 years of combined corporate service, two companies with strong small-town roots, similar work ethics and values—Mellott and NorX—are joining together to become the market-leading supplier of crushing and screening solutions and related after-market support in the aggregates industry with world-class business partners. Mellott Rocks the Aggregate Industry

Jungheinrich AG to acquire Storage Solutions group

January 25, 2023

German intralogistics pioneer Jungheinrich AG (“Jungheinrich”) is acquiring Indiana-based Storage Solutions group (“Storage Solutions”), a leading provider of racking and warehouse automation solutions in the U.S., to gain enhanced access to the attractive U.S. warehousing and automation market. Jungheinrich has signed a share purchase agreement with Merit Capital Partners, MFG

MFG Partners Makes Eighth Platform Investment

November 17, 2022

MFG Partners (“MFG”), a private equity firm based in New York, is pleased to announce that it has completed an investment in Chuck’s Septic Tank and Drain Cleaning, Inc., CST Utilities, LLC, and I-Bore, LLC (collectively “CST” or the “Company”). The investment was made in partnership with PNC Mezzanine Capital

Private Equity Firm Partners With A-Z Industries

November 15, 2022

MFG Partners, a private equity firm based in New York, N.Y., has completed a strategic investment in A-Z Industries (“A-Z” or “the Company”). Founded in 1988, A-Z is a leading re-distributor of electrical wire & cable. The Company is headquartered in Northbrook, Ill. and has six additional locations in New York, North

KastRock Joins the Mellott Team

November 11, 2022

Mellott’s vision has and always will be, to provide the best customer service and support to the aggregate industry. We believe that the best way to do this is by staying true to our core values, investing in our people, and aligning ourselves with world-class business partners. Which is why we brought on

Storage Solutions acquires SNC Solutions in California

June 28, 2022

Westfield-based Storage Solutions Inc. has acquired SNC Solutions in California. While financial terms of the deal were not disclosed, the company says it will provide additional resources and capabilities to grow on the West Coast. SNC Solutions, which was founded in 2009, specializes in the design and implementation of efficiency

Alliance Environmental Group Is Acquired by Incline

January 10, 2022

Alliance Environmental Group, LLC (“Alliance” or the “Company”), a portfolio company of MFG Partners and ORIX Corporation USA’s Private Equity Solutions group (the “Group”), has been acquired by Incline Equity Partners (“Incline”). Terms of the transaction have not been disclosed. Baird served as exclusive financial advisor to Alliance Environmental Group,

Alliance Environmental Group, LLC. Acquires Thermatech Northwest Inc.

October 13, 2021

Alliance Environmental Group, LLC is pleased to announce the acquisition of Thermatech Northwest Inc. and the continuation of the expansion of the Group on the West Coast. “Acquiring a company or opening a division in the State of Washington has been on our radar for the past year. We believe that Thermatech

MFG Partners Completes Acquisition of Mellott Company

September 27, 2021

New York-based private equity firm MFG Partners (“MFG”), an investor in founder and family-owned industrial businesses, announced today that it has completed the acquisition of Mellott Company (“Mellott” or the “Company”). The transaction was completed in partnership with Company management and PNC Mezzanine Capital. Terms of the transaction were not

Alliance Environmental Group, LLC. Acquires Coast Environmental

February 24, 2021

Alliance Environmental Group announced the acquisition of a new company Coast Environmental, a leading provider of indoor air quality management and life safety services to hospitals and healthcare facilities. Coast Environmental specializes in fire stopping, fire damper testing and repairs, containment for infection control, Kitchen Exhaust System cleaning, HVAC systems cleaning

MFG Partners Completes Sale of LCR Contractors to TopBuild

January 28, 2021

MFG Partners (“MFG”), a private equity firm specializing in investments in family and founder-owned businesses, announced that it has completed the sale of LCR Contractors, a large fireproofing and spray foam insulation company serving high-growth markets in Texas and Tennessee, to TopBuild Corp (NYSE: BLD). Terms of the transaction were

MFG Makes Fifth Platform Investment

December 3, 2020

MFG Partners (“MFG”), a private equity firm based in New York, is pleased to announce that it has completed an investment in Storage Solutions, Inc. (“Storage Solutions” or the “Company”). The investment was made in partnership with Merit Capital Partners (“Merit”), a private equity firm based in Chicago. Storage Solutions,

MFG and Merit Team Up On Elgen Buy

October 30, 2019

MFG Partners and Merit Capital Partners have acquired Elgen Manufacturing Company, a maker of ductwork accessory products, in partnership with the company’s management team. Elgen is a manufacturer of HVAC hardware, accessories and sheet metal parts used by HVAC contractors, fabricators, and resellers. The company’s products – largely made from galvanized and stainless steel, and

Pinecrest Capital Partners Serves as Exclusive Financial Advisor to LCR Contractors

July 11, 2019

Pinecrest Capital Partners Serves as Exclusive Financial Advisor to LCR Contractors; Completes Second Transaction for the Spray Fireproofing and Thermal Insulation Company Pinecrest Capital Partners (“Pinecrest”), a Dallas-based investment banking firm that offers exclusive advisory services to middle market companies, today announced its role as exclusive financial advisor to LCR Contractors (“LCR”) in

Alliance Environmental Group, LLC. Acquires Mintie Corporation

April 8, 2019

Alliance Environmental Group, LLC announced today that it has acquired an interest in Mintie Corporation, a leading service and product solutions developer providing indoor air quality management, preventative maintenance, portable infection control, mass isolation and environmental containment solutions. “We are excited to add the Mintie Corporation to our portfolio,” said Joseph

Alliance Environmental Group Completes Recapitalization Transaction

December 22, 2017

Keystone Capital markets is pleased to announce an equity investment in Alliance Environmental Group (“Alliance” or “Company”) by MFG Partners and ORIX Mezzanine & Private Equity alongside the Company’s management team. Keystone served as the exclusive financial advisor to Alliance in the transaction. Founded in 1995 and headquartered in Azusa,

MFG Invests in Mail Communications Group

December 17, 2017

MFG Partners (“MFG”) announced today that it has completed a new investment in Mail Communications Group (“MCG” or the “Company”), a growing provider of communication services. Headquartered in Des Moines, Iowa, MCG was founded in 1984 and provides omnichannel communication services, including outsourced mail presorting, printing, lettershop and digital communications.

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