Fusion Capital Acquires Relevant Industrial and Expands Deeper into Engineered Industrial Solutions
Fusion Capital Partners, a private equity firm focused on engineered products and services in the industrial sector, has announced the acquisition of Relevant Industrial, LLC, a Houston-based provider of engineered equipment and services for industrial applications. This acquisition, Fusion’s second since its 2024 launch, strengthens its footprint in the process automation and industrial services ecosystem, with a particular emphasis on B2B distribution within the industrial space.
Relevant Industrial is a leading B2B distributor specializing in the supply of engineered products and services essential for industrial applications. The company offers a wide range of equipment and solutions, including instrumentation, automation systems, combustion equipment, rotating machinery, and valves. These products serve industries such as refining, petrochemicals, upstream oil & gas, semiconductors, alternative fuels, and food processing. With over 30 locations across the U.S., Relevant is a distributor, supported by a team of technicians, engineers, and product specialists. The company provides tailored solutions that meet the unique demands of its clients in highly specialized sectors, ensuring efficient and compliant operations across the industrial supply chain.
Fusion Capital will assume the majority ownership of Relevant, with LKCM Headwater Investments, Relevant’s previous majority shareholder, retaining a minority stake. The financial terms of the transaction were not disclosed.
John Carte, CEO of Relevant Industrial, will continue to lead the company from its Houston headquarters. He expressed confidence in Fusion’s collaborative approach, stating, “Fusion’s industry knowledge and commitment to value creation align with our objectives.” This partnership gives us the support needed to accelerate our growth and enhance the value we deliver to our customers and stakeholders.”
Fusion Capital was founded by Jason Cowett, Matt Brown, Tom Cutting, Jeff Chaney, Matt Veneman, and Forrest Beck—all seasoned professionals with experience in scaling industrial companies through organic growth and M&A. The acquisition of Relevant follows Fusion’s thesis-driven strategy, targeting companies in the industrial automation and solutions sector.
“We’ve been following Relevant for several years and have been impressed by their strong market position and leadership,” said Matt Brown, Co-Managing Partner at Fusion. “With multiple avenues for growth, we’re excited to help Relevant continue its upward trajectory and solidify its position as a market leader.”
Jefferies Private Fund Advisory acted as placement agent to Fusion, Solomon Partners served as financial advisor, and Kirkland & Ellis LLP provided legal counsel.
The acquisition aligns with Fusion Capital’s mission to build a portfolio of market-leading companies in niche industrial sectors, combining strategic investment with operational enhancements to drive growth and value.
