M&A Deal Summary

Borgman Capital Acquires Harlo

On June 3, 2025, private equity firm Borgman Capital acquired machinery company Harlo

Acquisition Highlights
  • This is Borgman Capital’s 1st transaction in the Machinery sector.
  • This is Borgman Capital’s 11th transaction in the United States.
  • This is Borgman Capital’s 1st transaction in Michigan.

M&A Deal Summary

Date 2025-06-03
Target Harlo
Sector Machinery
Buyer(s) Borgman Capital
Deal Type Add-on Acquisition

Target

Harlo

Grandville, Michigan, United States
Harlo is a manufacturer of rough terrain forklifts and attachments. Harlo offers several models of rough terrain forklifts, as well as related service parts and attachments. Harlo is based in Grandville, Michigan.

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Buyer(S) 1

DESCRIPTION

Borgman Capital is a private investment firm focused on acquiring majority interests in established, lower middle-market companies valued less then $50 million. The Firm does not have any stated sector preferences but prefers profitable companies with management that wishes to remain in place. Borgman Capital was formed in 2017 and is headquartered in Milwaukee, Wisconsin.


DEAL STATS #
Overall 11 of 11
Sector: Machinery M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Michigan M&A 1 of 1
Country: United States M&A 11 of 11
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-13 Continuus Technologies

Milwaukee, Wisconsin, United States

Continuus Technologies is a data analytics and cloud consulting firm that transforms chaotic enterprise data into structured, actionable insights through services like data strategy, governance, cloud migration, and AI-powered analytics. Continuus Technologies was founded in 2011 and is based in Milwaukee, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-01 Durex Products

Luck, Wisconsin, United States

Durex Products manufactures a variety of replacement parts for mineral processing equipment including screen media (metal wire and urethane options), liners and other wear components. Durex’s products can primarily be found in the vibrating screener component of mineral processing rigs used at quarries. Durex primarily services the aggregate (sand, gravel, fine rock) and hard rock mining (crushed rock, cement) industries, selling products through a network of dealers. Durex Products was formed in 1965 and is based in Luck, Wisconsin.

Sell -