John Norton
All reports

National Sector Report · H1 2026

U.S. Manufacturing M&A — brisk, diffuse, and strategically driven

58 lower-middle-market manufacturing transactions closed in the first half of 2026, spanning precision components, forgings, industrial products, food & beverage, and building materials. Strategic acquirers took 79% of the deals, with PE-backed platforms and sponsors like Platinum Equity, H.I.G. Capital and CVC active on larger add-ons.

58
Deals captured
79%
Strategic buyers
12
Financial / PE
29
States active

Market read

Founder-owned manufacturers keep trading quietly

Deal values are seldom disclosed — typical for founder-owned manufacturers — so volume and buyer behavior tell the story. Activity is geographically diffuse across the industrial Midwest, California, and the South, with the Pacific Northwest showing up steadily: Oregon and Washington together accounted for six of the 58 transactions.

Most active acquirers in the period: Beehive Industries (2) and PassCo (2) — a reminder that in this market a single well-capitalized platform can be the difference between one bid and a competitive process.

Top states by deal count

  • California
    6
  • Ohio
    5
  • Indiana
    5
  • Louisiana
    4
  • Oregon
    3
  • Texas
    3
  • Washington
    3

Transaction detail

H1 2026 manufacturing transactions (58)

AnnouncedTargetLocationAcquirerBuyer typeValue
Jun 2026Rotorcraft Leasing CompanyBroussard, LAVoyager InterestsFinancial / PEUndisclosed
Jun 2026YUMEARTHStamford, CTACON InvestmentFinancial / PEUndisclosed
Jun 2026Planet Products CorporationCincinnati, OHBeehive IndustriesStrategicUndisclosed
Jun 2026Centric PartsLos Angeles, CAMotorcar Parts of AmericaStrategicUndisclosed
Jun 2026Able ToolCincinnati, OHBeehive IndustriesStrategicUndisclosed
Jun 2026Pooltek ServicesRockville, MDAzureonStrategicUndisclosed
Jun 2026Modular Power & DataMadison, WIEvergreen HoldingsStrategicUndisclosed
Jun 2026Premier ForgePortland, INH.I.G. CapitalFinancial / PEUndisclosed
Jun 2026Extrude HoneIrwin, PAGladstone InvestmentFinancial / PEUndisclosed
Jun 2026AgilitySalem, ORChurchill Capital Corp XIStrategicUndisclosed
Jun 2026Jones Bearing CompanyPelham, ALStandard LocknutStrategicUndisclosed
Jun 2026Board SharkVancouver, WANCAB Group Flatfield B.V.Strategic$15M
Jun 2026TangentAurora, ILPlatinum EquityFinancial / PEUndisclosed
Jun 2026PennBarryPlano, TXHessaireStrategicUndisclosed
Jun 2026Tetrasolv FiltrationAnderson, INIntegrated Water ServicesStrategicUndisclosed
Jun 2026Genesys IndustriesPalmetto, FLGreybull StewardshipFinancial / PEUndisclosed
Jun 2026Heat ControllerJackson, MILennox InternationalStrategicUndisclosed
Jun 2026Jimmy's Gourmet BakeryClifton, NJRise Baking Co.StrategicUndisclosed
Jun 2026EMC AerospaceNorth Miami Beach, FLAptus AeroStrategicUndisclosed
Jun 2026Aerospace ContactsGilbert, AZITT CorporationStrategic$31M
Jun 2026SOL ComponentsSacramento, CACREATE ENRG INC.StrategicUndisclosed
Jun 2026WillowWoodMount Sterling, OHCVC Capital PartnersFinancial / PEUndisclosed
Jun 2026Vanderbilt MineralsNorwalk, CTRiverspan PartnersFinancial / PEUndisclosed
Jun 2026North Star ScientificKapolei, HIGALT AerospaceStrategicUndisclosed
Jun 2026Bio-Dex LaboratoriesPhoenix, AZHasaStrategicUndisclosed
Jun 2026Southeastern Overhead DoorBaton Rouge, LAPassCoStrategicUndisclosed
Jun 2026Interstate Threaded ProductsDallas, TXRox Capital PartnersStrategic$9M
Jun 2026Fairborn NortheastDerry, NHPassCoStrategicUndisclosed
Jun 2026International Aerospace CoatingsIrvine, CAEquivu CapitalFinancial / PEUndisclosed
Jun 2026Calramic TechnologiesReno, NVExxelia GroupStrategicUndisclosed
Jun 2026Girtz IndustriesMonticello, INLegrandStrategicUndisclosed
Jun 2026Lake Shore CryotronicsWesterville, OHDwyerOmegaStrategicUndisclosed
Jun 2026Formweld FittingMilton, FLConrex SteelStrategicUndisclosed
Jun 2026Tallman EquipmentWhiteland, INPlatte River EquityStrategicUndisclosed
Jun 2026SheldahlNorthfield, MNChase CorporationStrategicUndisclosed
Jun 2026Material Handling ExchangeIndianapolis, INArchitect EquityStrategicUndisclosed
Jun 2026The Harloff CompanyColorado Springs, COCapsa HealthcareStrategicUndisclosed
Jun 2026Fire Protection SpecialistsLiberty Lake, WAPye-Barker Fire & SafetyStrategicUndisclosed
Jun 2026FDH AeroCommerce, CABain Capital Private EquityFinancial / PEUndisclosed
Jun 2026EnovaPremierLouisville, KYJames GroupStrategicUndisclosed
Jun 2026SungearSan Diego, CAThe Eastern CompanyStrategicUndisclosed
Jun 2026Rhine AirMeadows Of Dan, VAAerial Machine & ToolStrategicUndisclosed
Jun 2026Automatic ProductsSumner, WARTC AerospaceStrategicUndisclosed
Jun 2026Trapp FragrancesKansas City, MONorthern Lights CandlesStrategicUndisclosed
Jun 2026Climate EngineeringLakewood, COHarrisStrategicUndisclosed
Jun 2026DecaBaltimore, MDFreestate ElectricStrategicUndisclosed
Jun 2026Compass Packaging SolutionsNorth Billerica, MASupplyOneStrategicUndisclosed
Jun 2026Automated ProductionBroussard, LAPrenn HoldingsFinancial / PEUndisclosed
Jun 2026Carolina Liquid ChemistriesGreensboro, NCDiazyme LaboratoriesStrategicUndisclosed
Jun 2026RE Warner & AssociatesWestlake, OHISGStrategicUndisclosed
Jun 2026Green CircuitsSan Jose, CAMetatron Private EquityFinancial / PEUndisclosed
May 2026Lynx MotorsAustin, TXVolara Motorsports GroupStrategicUndisclosed
May 2026Cal-ChlorLafayette, LAPVS ChemicalsStrategicUndisclosed
May 2026Bridgewell AgribusinessClackamas, ORVireo GrowthStrategic$40M
May 2026CoreLincRoanoke, ALTiniFiberStrategicUndisclosed
May 2026Vail ProductsHorton, KSTarter USAStrategicUndisclosed
May 2026Dust MotoBend, ORLiveWireStrategicUndisclosed
May 2026D&G Machine ProductsWestbrook, MEExcelus Manufacturing SolutionsStrategicUndisclosed

Source: Rogo deal screening — target HQ in the United States, H1 2026 (January–June 2026), transactions ≤ $100M enterprise value (undisclosed retained). Reflects deals captured by the screen, a representative sample of a larger national market, curated to on-theme targets. Buyer type reflects the acquirer entity; many strategic acquirers are PE-backed platforms executing add-ons.

Own a manufacturing business?

Strategic buyers and PE-backed platforms are both active in this market — which is exactly when a competitive process pays for itself. Let's talk about what yours would attract.

Start a conversation