Featured image courtesy of Relevant Industrial (Relevant Industrial website)

Instrumentation and automation, rotating equipment, valve, purification and thermal equipment distributor Relevant Industrial was acquired by Fusion Capital Partners from LKCM Headwater Investments.

Terms of the deal were not disclosed, but LKCM reinvested as part of the transaction and will remain a minority stakeholder.

According to a May 19 news release, the transaction provided capital to strengthen Relevant’s position in the industrial solutions market and support growth through expanded innovation, an enhanced service portfolio and a wider footprint across North America.

See MDM’s Investment Bank Directory for a rundown of the key investment banks and advisory firms in the distribution sector. 

“Their commitment has been instrumental to our growth and success to this point,” Relevant CEO John Carte said in the release. “As we embark on this new chapter, we are thrilled to welcome Fusion as our new partners. We are excited about the opportunities this transition brings and look forward to reaching new levels of success together.”

Relevant was formed in 2010 to acquire assets of Wilson Mohr, and has significantly scaled since through acquisitions, with 22 companies bolted on since its launch. Following the Fusion Capital acquisition, the company will continue to operate from its Houston, TX headquarters under the leadership of its current management team.

MDM’s 1Q25 M&A Report (store link) 

The company’s most recent previous acquisitions were of Beaumont, TX-based Controlled Fluids (Feb. 11) and Indianapolis, IN-based Loy Instrument (Dec. 2024).

The other company in Fusion Capital’s portfolio is Tavoron — a distributor of industrial automation components and systems — which it acquired in January of this year.

“Relevant’s exceptional employees, paired with their strategic vision and dedication to customer and supplier success, perfectly align with Fusion’s values, making them an ideal choice as our next portfolio company,” Fusion Principal Tom Cutting added. “We foresee numerous opportunities to invest in additional technologies and capabilities to better serve their expanding customer base.”