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M&A Industries We Serve | Logistics & Manufacturing Advisory

Specialty Services

  • HVAC Installation & Maintenance
  • Comprehensive Facility Services
  • Roofing, Plumbing & Electrical
  • Disaster Restoration & Remediation
M&A Industries We Serve | Logistics & Manufacturing Advisory

Transportation & Logistics

  • 3PL & Tech-Enabled Logistics
  • Warehousing & Distribution
  • Last-Mile Delivery
  • Asset-Based Transportation
M&A Industries We Serve | Logistics & Manufacturing Advisory

Niche Manufacturing

  • Precision Machining & Engineering
  • Aerospace & Defense Components
  • Metal Fabrication
  • Automation & Specialty Machinery

Notable Transactions

Outcomes That Speak for Themselves

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Axial Medical acquired by Acrotec Holdings

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Servicemaster was sold to BainCapital

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Dotcom Distribution acquired by Ryder System

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Ascent Global Logistics acquired by H.I.G. Capital

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Sierra Consulting Group acquired by KeyStone

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Honematic Machine acquired by PCX Aerostructures

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Whiplash acquired by Ryder System

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All at Home Health Care acquired by Webster Equity Partners

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Impactful Fulfillment Services acquired by Ryder System

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Gerard Daniel Worldwide acquired by Graycliff Partners

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*Includes engagements where Meliora’s principals were involved while affiliated with other firms; logos shown for identification only, no endorsement implied.

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Axial Medical acquired by Acrotec Holdings

Sellside Advisor

The Acrotec Group acquired Axial Medical in January 2023 to expand its footprint in the U.S. orthopedic and medtech sectors. The acquisition supports Acrotec’s broader strategy to strengthen its presence in life sciences by adding advanced orthopedic implant manufacturing capabilities and enhancing market access in North America, where demand for precision medical components continues to grow.

 

Based in Switzerland, Acrotec is a global leader in high-precision manufacturing for the watchmaking, medical, and electronics industries. With backing from The Carlyle Group, Acrotec has scaled through targeted acquisitions and now operates one of Europe’s leading medtech divisions, focusing on surgical instruments and implants.

 

Axial Medical is a U.S.-based manufacturer of complex orthopedic implants and surgical components, headquartered in Pennsylvania. The company serves major medical device OEMs in the spine, extremity, and trauma markets. Axial is known for technical precision, strong client relationships, and quality-driven manufacturing – making it a valuable addition to Acrotec’s growing life sciences platform.

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Servicemaster Elite acquired by Mountain Lake Capital

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In mid-2023, Mountain Lake Capital acquired ServiceMaster Elite and its affiliate Elite Construction, marking the firm’s entry into the disaster restoration and commercial services industry. Financial terms were undisclosed, but the acquisition aligns with Mountain Lake’s strategy to invest in platform businesses with regional strength and scalable growth potential in fragmented service sectors.

 

Mountain Lake Capital, based in Massachusetts and joined, for this particular deal, by Bain Capital, focuseson executing roll-up strategies in the disasterrestoration industry. The firm partners with management teams to drive operational improvements and long-term value creation through organic growth and strategic add-ons. ServiceMaster Elite offered a strong fit due to its expanding presence and demonstrated ability to scale.

 

ServiceMaster Elite and Elite Construction are based in New England, providing restoration services including water, fire, and smoke damage remediation. The company had already expanded into Vermont, Massachusetts, New Hampshire, Maine, and Florida, known for successfully integrating acquisitions like ServiceMaster Upstate New York.

Acquisition of

Dotcom Distribution acquired by Ryder System

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Ryder System acquired Dotcom Distribution in November 2022, strengthening its e-commerce and omnichannel fulfillment capabilities. The acquisition included Dotcom’s 400,000-square-foot New Jersey facility, bolstering Ryder’s presence in high-growth categories like health, beauty, and fashion. The move supports Ryder’s strategy to scale its national fulfillment network and service for direct-to-consumer brands.

 

Ryder, headquartered in Coral Gables, Florida, is a leading logistics and transportation company providing fleet management, supply chain, and last-mile delivery services across North America. It has aggressively expanded its e-fulfillment division, automation, and warehousing through targeted acquisitions to meet evolving retail logistics demands.

 

Dotcom Distribution, based in Edison, New Jersey, is a third-party logistics provider focused on e-commerce fulfillment. Known for custom packaging, order precision, and brand-centric service, Dotcom has built long-standing relationships with consumer brands. Ryder retained Dotcom’s workforce and leadership to ensure business continuity and maintain service quality during post-acquisition integration.

Acquisition of

Ascent Global Logistics acquired by H.I.G. Capital

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In August 2023, an affiliate of H.I.G. Capital completed its acquisition of Ascent Global Logistics, following a definitive agreement announced on August 22. The deal expands H.I.G.’s presence in expedited transportation and supply chain services by adding Ascent’s advanced capabilities in time-critical freight, including ground and air logistics, and its proprietary PEAK freight marketplace. This acquisition fits H.I.G.’s strategy of investing in asset-light, tech-enabled service providers in essential logistics sectors.

 

H.I.G. Capital is a Miami-based global private equity firm with approximately $58 billion in assets under management at the time. Founded in 1993, H.I.G. focuses on middle-market investments and takes a hands-on, operationally driven approach. It has invested in over 400 companies across logistics, healthcare, infrastructure, and other sectors worldwide.

 

Ascent, headquartered in Michigan, is a leading provider of freight forwarding, truck brokerage, and managed transportation services. Serving clients in aerospace, healthcare, manufacturing, and technology sectors, Ascent provides time-critical shipments through air charter, expedited ground, and courier solutions.

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Sierra Consulting Group acquired by KeyStone

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An affiliate of Keystone Capital Management, L.P. acquired Sierra Consulting Group in April 2022, following an agreement announced April 1. The transaction represents the first add-on acquisition for Keystone’s portfolio company VDA, Inc., a specialist in vertical transportation consulting. By acquiring Sierra, VDA expands its capabilities in mandated inspections, modernization consulting, and building system compliance in the New York metro area – enhancing both service offerings and geographic reach.

 

Chicago-based Keystone Capital is a private equity firm focused on building middle-market businesses in services, industrial, and building sciences sectors. Keystone’s investment in VDA began in December 2021 and is part of a platform strategy centered around targeted bolt-on acquisitions to drive growth and scale. 

 

Founded in 2004, Sierra Consulting Group provides elevator and escalator consulting services. Operating from Long Island and the Bronx, Sierra continues under existing leadership, maintaining autonomy while benefiting from VDA’s national platform and deeper operational resources.

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Honematic Machine acquired by PCX Aerostructures

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On April 1, 2022, PCX Aerosystems acquired Honematic Machine Corporation to vertically integrate precision machining capabilities and expand its aerospace component portfolio. Honematic’s expertise in large-format drilling, boring, milling, and finishing complements PCX’s ability to deliver integrated mechanical assemblies – especially critical shafts and masts for rotorcraft. 

 

Headquartered in Newington, Connecticut, PCX Aerosystems supplies mission-critical components for rotorcraft and fixed-wing platforms. Backed by Greenbriar Equity Group, PCX serves leading aerospace firms including Boeing, GE, Bell, and Sikorsky. The company specializes in complex assemblies using aluminum, titanium, and magnesium, meeting tight aerospace specifications.

 

Honematic Machine Corporation, founded in 1956 and based in Boylston, Massachusetts, was family-owned since 1992. It manufactures extendible refueling probes and large-format machined parts for aerospace, defense, energy, and industrial sectors. The acquisition ensured operational continuity and broadened capabilities under PCX’s platform.

Acquisition of

Whiplash acquired by Ryder System

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Ryder System, Inc. completed the acquisition of Whiplash for $480 million in cash on January 1, 2022. The deal added approximately $480 million in gross revenue to Ryder’s Supply Chain Solutions segment and significantly expanded its presence in the e-commerce and omnichannel fulfillment space. This move supported Ryder’s strategy to accelerate growth in logistics verticals, particularly in technology-driven fulfillment services.

 

Ryder, headquartered in Miami, Florida, is a leading provider of dedicated transportation, fleet management, and supply chain solutions, with a focus on North America and the U.K. The Whiplash acquisition reflects Ryder’s continued investment in scalable, tech-enabled operations that support end-to-end fulfillment.

 

Whiplash, headquartered in City of Industry, California, provides omnichannel fulfillment services to over 250 brands. With a national network of 19 warehouses totaling nearly seven million square feet, Whiplash delivers distribution, customer care, value-added warehousing, and transportation services. Acquisition boosts Ryder’s digital commerce capabilities and enhances customer flexibility and speed to market.

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All at Home Health Care acquired by Webster Equity Partners

Sellside Advisor

In late 2021, Webster Equity Partners acquired All-At-Home Health Care, expanding its New Jersey-based platform, Honor Health Network, into the Massachusetts Medicaid-focused personal home care market. Financial terms were not disclosed, but the acquisition aligns with Webster Equity’s strategy of investing in healthcare businesses that deliver strong clinical outcomes and expanded access to care across underserved communities.

 

Webster Equity Partners is a Massachusetts-based private equity firm specializing in healthcare services. It partners with management teams to accelerate growth, improve operations, and build market-leading organizations through organic initiatives and strategic acquisitions. Its investment approach emphasizes patient-centered care, sustainable impact, and long-term value creation for all stakeholders.

 

All-At-Home Health Care, based in Massachusetts, provides personal home care services including skilled nursing, therapy, and daily living assistance. Now part of Honor Health Network – active in multiple states with over 15,000 employees – the company is known for its compassionate, patient-focused model and seamless integration with broader provider platforms.

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Impactful Fulfillment Services acquired by Ryder System

Sellside Advisor

On October 23, 2023, Ryder System, Inc. announced its acquisition of Impact Fulfillment Services (IFS), with the deal expected to close in early November. IFS is a provider of contract packaging, manufacturing, and warehousing solutions, serving the consumer packaged goods (CPG), retail, and healthcare sectors. The acquisition adds an estimated $250 million in annual revenue to Ryder’s Supply Chain Solutions segment and strengthens its capabilities in co-packing and co-manufacturing.

 

Headquartered in Miami, Florida, Ryder System offers integrated logistics, fleet management, and dedicated transportation services across North America and the U.K. Its acquisition of IFS aligns with Ryder’s strategic goal of expanding high-margin logistics services and serving vertically integrated clients.

 

IFS, based in Burlington, Massachusetts, operates 15 facilities across nine states including Texas, Illinois, and Pennsylvania and employs around 1,000 staff. The company is known for blending and filling dry powder and viscous products and partners with U.S. brands to deliver customized co-packing and co-manufacturing solutions across complex supply chains.

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Gerard Daniel Worldwide acquired by Graycliff Partners

Sellside Advisor

In August 2020, Graycliff Partners LP acquired Gerard Daniel Worldwide, marking the first investment from its fourth private equity fund. The acquisition aims to drive operational efficiency through technology upgrades, expand product lines with synthetic materials, and support growth via strategic acquisitions. This move deepens Gerard Daniel’s market position in key industries including aerospace, automotive, energy, electronics, and life sciences.

 

Graycliff Partners, based in New York, specializes in lower middle-market investments in manufacturing, distribution, and business services. The firm supports acquisitions, buyouts, and growth through equity and credit. The Gerard Daniel transaction reflects Graycliff’s strategy of building market leaders through modernization and global reach.

 

Founded in 1952 and headquartered in Hanover, Pennsylvania, Gerard Daniel is a global leader in wire mesh manufacturing and distribution. The company operates 11 facilities across the U.S., Canada, and Ireland, serves more than 3,000 customers, and offers over 5,000 wire mesh products for industrial and commercial applications.