FT Heavy Industry invests in and acquires companies in the Heavy Civil Engineering, Oil & Gas, Manufacturing, Commercial Electrical & Related Services, and related heavy industry companies. Our legacy in the Heavy Industry sector dates back to 1951 in the design, engineering, and manufacturing of commercial vacuums and related machinery, in the suburbs of Chicago, Illinois.
We are currently seeking to invest in or acquire Heavy Civil Engineering companies located in the U.S. with excellent reputations and track records for quality. We maintain the quality and character of each company, without consolidation. We invest with long-term, evergreen capital. Our investment mission is to make significant contributions, through the work of our Heavy Civil Engineering companies, to the well being of clients, cities, communities, employees, and all stakeholders.
72+ years
Stewardship and Sustainability
As a priority, we consider the broader community at every investment stage, and we focus on the long-term impact of every decision that we make.
FT Heavy Industry Group – Investment Criteria and Main Areas of Focus
We seek to partner, as an investor or acquiror, in high quality, enduring companies, in the U.S. and Canada, with the following criteria.
Industries:
Oil & Gas and related services
Heavy manufacturing and processing
Site Preparation
Trenching
Road, Bridge, and Tunnel Construction
Other Civil Engineering services
Commercial & Residential Electrical & Related Services
Disaster Recovery Services
Natural Disaster Recovery Services
Size:
Middle Market: EBITDA between $5 million and $200 million.
There is no minimum EBITDA for Add-On Acquisitions.
Investment types:
Majority and Minority Investments
Acquisitions
Special Situations and Distressed Situations
Deep Experience & Perspective
Our history and wisdom spans two generations of hands-on ownership and growth, across all market cycles.
Integrated Platform
Our team leverages its multi-disciplinary, hands-on expertise in the industry to support stable and reliable growth, and to provide real value for clients, communities, employees, and all stakeholders.
Investment Philosophy
We do not conglomerate or do layoffs or strategic cost-cutting, but rather focus on high quality, and maintaining the character, independence, and quality of each company. Our strategy is give equity to employees and management teams. We are evergreen capital and we hold for the long term.
We focus on companies providing high quality and reliable products and services, and which have a consistent history of quality, in their focused work, among their specific client base. We focus on companies performing work that is essential to the economy, regardless of the phase of the macroeconomic environment. We focus on companies providing the highest standard of work, which create, through their work, a better quality of life for individuals, cities, and the community.
Heavy Civil Engineering Group Principals
Representative Completed Transactions &
Confidential Advisory
Residential & Commercial Electrical & Related Services
Sponsored. Home and Commercial Electrical, Plumbing, and Comprehensive Services. Disaster Recovery Services. Aided by AI-enabled technology.
Commercial Electrical
Exit. Generational asset. Commercial electrical services for airports, sports stadiums, and other large city infrastructure projects.
Manufacturing of Industrial Machines
Exit. Generational asset. In 1951, founded a company based in the western Chicago suburbs, which designed, engineered, manufactured and distributed commercial vacuum cleaners and related industrial machines and chemicals and grew to be one of the two largest companies in its sector in the U.S. One of the company’s products was Minuteman industrial vacuums and machines, which is currently a standalone company.
Sondex
Advisory. Acquisition of Sondex by GE Energy, $582 million. Led post-acquisition integration. Sondex designs, develops, and engineers exceptional equipment to run formation evaluation, well integrity and well intervention, and perforating well site operations for the production of oil & gas.
Bently Nevada
Advisory. Acquisition of Bently Nevada by GE Energy. Led post-acquisition integration. Value undisclosed, between $600mm and $900mm. Asset protection & condition monitoring hardware, rotordynamics and vibration sensors, for industries including oil & gas and manufacturing.
Preco Energy Services
Advisory. Acquisition of Preco Energy Services by General Electric. $50 million. Led post-acquisition integration. Energy infrastructure outsourcing, power generation, retrofitting. Performance-based contracting.
Heavy Civil Engineering
Relevant experience. Deer Island Wastewater Treatment Plant (DITP) Clarifier Rehabilitation Phase II, Massachusetts. $298 million. Critical enhancement of operational efficiency and longevity of the DITP. DITP Clarifiers Rehabilitation: rehabilitation of 48 primary clarifiers and 54 secondary clarifiers, including replacement of influent, effluent, and dewatering gates. Refurbishment of 1900 feet of the fluent pipe aeration pipe system, restoration work on the concrete tank walls and ceilings, and the replacement of 280 clarifier chain drive systems. Linabond repair for the primary influence channel. Installation of 480v receptacles and major electrical updates.
Heavy Civil Engineering
Relevant experience. Water Distribution Improvement Project, $19 million, City of East Chicago, Indiana. Prepared scope of work, negotiated design contract. Supervision. Completed construction inspections. Quality assurance and quality control management. Projects included two water storage tanks, 4MG each, replacement lead service line for 800 homes, installation of new AMI system throughout the city.
Heavy Civil Engineering
City of Niagara Falls, New York, Wastewater Treatment Plant rehabilitation, $40 million. Rehabilitation included five sedimentation basins, gorge pump station, screens and grit transportation equipment, carbon and filter support gravel replacement, effluent disinfection, and electrical system improvements.
Heavy Civil Engineering
Water main and sanitary pipes reconstruction project, $5 million, City of East Chicago, Indiana. Included reconstruction of 3,000 linear feet of sewer pipe, the replacement of 2,500 linear feet of water main pipe; and at a separate location, the reconstruction of 2,000 additional linear feet of sewer pipe.
$4 billion
In completed transactions
$1.2 billion
Total Revenue of Turnaround Companies Advised
83 years
Total Revenue of Turnaround Companies Advised
Evergreen
Long-Term View, Tailored Capital and Expertise
100%
Focus on Confidentiality and Alignment of Interests
Connect
We seek to acquire Heavy Industry companies in the U.S.
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