CST Utilities, Precise Boring of Ohio, Daystar Directional Drilling, and Chuck’s Septic Tank Unite Under GRIT Infrastructure, a portfolio company of MFG Partners
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. Moving forward, each operating company […]
MFG Partners Invests in United Group Services
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 transaction closed on July 31, […]
MFG Partners Completes Sale of AZ Wire & Cable to LindFast Solutions Group
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 & Cable (“AZ”) to LindFast […]
MFG Partners Invests in Regency Electric
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, Regency provides commercial electrical contracting […]
CST Utilities Acquires Daystar Directional Drilling
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 providing a range of complementary […]
MFG Partners Completes Sale of Elgen Manufacturing to Worthington Enterprises
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 commercial construction and renovation. The […]
MFG Partners Welcomes Ryan Richardson as Vice President, Business Development
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 fit MFG’s investment mandate. He […]
CST Utilities Acquires Precise Boring of Ohio
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 communities. Steven Besse, President, and […]
MFG Partners Announces Close of Inaugural Private Equity Fund
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 institutional investors comprised of university […]
AZ Wire & Cable expands product portfolio with acquisition of Gen-Pro
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 its founding in 1988, AZ […]