Halo Partners announced affiliates of the private investment firm have acquired W.O. Grubb in partnership with the company’s current management, buying the business from the estate of prior family ownership. Financial terms were not disclosed.
Grubb is a regional provider of specialty equipment, lifting, rigging, warehousing, logistics, and value-added engineering services supporting infrastructure, data center, industrial, and other end markets. The Richmond, Virginia-based company operates 13 branches across the Mid-Atlantic and maintains a nationwide presence in what it describes as a growing national product category. Founded in 1962, Grubb employs about 450 professionals.
Halo said the investment is intended to accelerate Grubb’s growth in core infrastructure, industrial, utility, and data center markets across the Mid Atlantic. The firm said it plans to support continued investment in Grubb’s people, customers, suppliers, fleet, and infrastructure, while positioning the business for organic growth and potential add-on acquisitions.
Grubb’s leadership team, employees, and operating structure will remain in place at closing, Halo said, with the added capital aimed at supporting expansion, technology upgrades, and fleet investments. M2O Private Fund Advisors provided advisory services to Halo related to the financing, while Houlihan Lokey served as Halo’s financial advisor. O’Melveny & Myers and Kirkland & Ellis served as legal counsel to Halo.
Halo described itself as a private investment firm focused on partnering with founders and management teams in industrial, technology, and related services sectors, offering long term capital alongside operational support and strategic resources.
KEY QUOTES
“This company was built on integrity, hard work, safety, and strong relationships. That legacy will continue to guide everything we do under new ownership. I have personally known the principals at Halo for over a decade, and I am excited to partner with them to seek to accelerate our growth trajectory from the foundation the Grubb family and our management team have built to date. Halo understands what makes this company special, and its team shares our commitment to protecting our culture while supporting long-term success.”
Michael Good, President, Grubb
“We are honored to partner with Grubb, a company with a nearly 60-year legacy of safety, reliability, and technical excellence. This is a company with a remarkable reputation and a people-first culture. We are committed to investing in the organization, empowering its leadership, and investing behind a bellwether in the category.”
Nate Mejías And Dilshat Erkin, Managing Partners, Halo
“We are thrilled to partner with such a high-caliber company and support its journey into an exciting new stage of growth. We are excited to support the Company with our Aura Equity Acceleration playbook and resources to support key value creation initiatives as the company seeks to scale under new ownership.”
Juan Valdez, Principal, Halo
