The Independence Group | M&A Advisory Firm on Axial

The Independence Group

Marine supplies (except pleasure) distributors (wholesalers), Marine supply dealers, Navigational instruments (except electronic) distributors (wholesalers)

Advised

Anonymous

in their acquisition by

Anonymous

August 2025

The Independence Group

Materials Recovery Facilities, Recyclable Material Distributors (Wholesalers), Solid Waste Collection

Advised

Anonymous

in their acquisition by

Anonymous

June 2025

The Independence Group

Building cleaning services, janitorial, Building exterior cleaning services, Custodial services, Office cleaning services, Rest room cleaning services, Window cleaning services

Advised

Anonymous

in their acquisition by

Anonymous

December 2024

The Independence Group

Aircraft testing services, Fluoroscopic X-ray apparatus and tubes manufacturing, Industrial equipment inspection services, Industrial testing laboratories or services, Instruments, electric (i.e., testing electrical characteristics), manufacturing, Irradiation apparatus and tubes (e.g., industrial, medical diagnostic, medical therapeutic, research, scientific), manufacturing, Irradiation equipment manufacturing, Radiographic testing laboratories or services, Radiography inspection services, Therapeutic X-ray apparatus and tubes (e.g., medical, industrial, research) manufacturing, X-ray apparatus and tubes (e.g., control, industrial, medical, research) manufacturing, X-ray generators manufacturing, X-ray inspection services, X-ray irradiation equipment manufacturing, X-ray tubes manufacturing

Advised

Anonymous

in their acquisition by

Anonymous

February 2024

The Independence Group

Van lines, moving and storage services, Warehousing and storage, general merchandise

Advised

Anonymous

in their acquisition by

Anonymous

January 2024

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Fabricated Metal Product Manufacturing, Gasket, Packing, and Sealing Device Manufacturing, Industrial Machinery and Equipment Distributors (Wholesalers), Machinery Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repair and Maintenance, Plastics and Rubber Products Manufacturing, Primary Metal Manufacturing

Advised

Custom Metal Rack Manufacturer

in their acquisition by

Anonymous Strategic

September 2023

The Independence Group

Marine Cargo Handling, Navigational Services to Shipping, Other Support Activities for Water Transportation, Port and Harbor Operations, Port facility construction

Advised

Marina/RV & Mobile Home Park (Incl Land)

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Other Support Services, Services to Buildings and Dwellings, Special Food Services, Warehousing

Advised

Technical Sales, Service & Distribution Company

in their acquisition by

Anonymous Strategic

September 2023

The Independence Group

Business Support Services, Office Supplies (except Paper) Manufacturing

Advised

Wholesale Paper Cutter Distributor

in their acquisition by

Anonymous High Net Worth Individual

September 2023

The Independence Group

Telecommunications, Wireless Telecommunications Carriers (except Satellite)

Advised

Broadband Comm Services Provider

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Architecture, Engineering, and Construction (ACE), Engineering Services (Non-Construction), Research and Development in the Physical, Engineering, and Life Sciences

Advised

Engineering Firm

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

IT Services, Technology Consulting Services

Advised

IT Managed Services

in their acquisition by

Anonymous Private Equity Group with Roll-up Strategy

September 2023

The Independence Group

Architecture, Engineering, and Construction (ACE), Engineering Services (Non-Construction), IT Services, Research and Development in the Physical, Engineering, and Life Sciences, Technology Consulting Services, Wired Telecommunications Carriers

Advised

Installer of Fiber Optic Cable

in their acquisition by

Anonymous Private Investment Group

September 2023

The Independence Group

Bank chests, metal, manufacturing, Chests, fire or burglary resistive, metal, manufacturing, Coolers or ice chests, plastics (except foam), manufacturing, Drums, plastics (i.e., containers), manufacturing, Glass Container Manufacturing, Hot tubs, plastics or fiberglass, manufacturing, Ice chests or coolers, urethane or other plastics foam (except polystyrene) manufacturing, Laundry tubs, metal, manufacturing, Laundry tubs, plastics, manufacturing, Metal Can, Box, and Other Metal Container (Light Gauge) Manufacturing, Paperboard Container Manufacturing, Safe deposit boxes and chests, metal, manufacturing, Trash containers, plastics, manufacturing, Utility containers (e.g., baskets, bins, boxes, buckets, dishpans, pails), plastics (except foam), manufacturing

Advised

Packaging & Shipping Products Supplier

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Recycling Services Company

in their acquisition by

Anonymous Holding Company

September 2023

The Independence Group

Agriculture, Forestry, Fishing and Hunting

Advised

Seed Coating Companies (2)

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Medical Equipment and Supplies Manufacturing, Medical glassware made from purchased glass, Medical glassware made in glass making plants

Advised

Biological Products Manufacturer

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Fabricated Structural Metal Manufacturing, Ferrous Metal Foundries, Iron and Steel Forging, Iron and Steel Mills and Ferroalloy Manufacturing, Steel Product Manufacturing from Purchased Steel

Advised

Steel Product Manufacturer

in their acquisition by

Anonymous High Net Worth Individual

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Fabricated Metal Product Manufacturing, Gasket, Packing, and Sealing Device Manufacturing, Industrial Machinery and Equipment Distributors (Wholesalers), Machinery Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repair and Maintenance, Plastics and Rubber Products Manufacturing, Primary Metal Manufacturing

Advised

Marine Tools Supply Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Architecture, Engineering, and Construction (ACE), Engineering Services (Non-Construction), Research and Development in the Physical, Engineering, and Life Sciences

Advised

Engineering Firm

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Motor Vehicle Manufacturing, Motor Vehicle Parts Manufacturing

Advised

Decal Design, Manufacturing & Distribution

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Metal Recycling Company

in their acquisition by

Anonymous Strategic

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Other Support Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Special Food Services, Warehousing, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Fire Protection Services Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Administration of Human Resource Programs, Employment Services, Human Resources Consulting Services

Advised

IT Staffing Company

in their acquisition by

Anonymous Portfolio Co. of Private Equity Group

September 2023

The Independence Group

Food Manufacturing

Advised

Commercial Bakery

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Enterprise Software and Online Services, Software and Online Services

Advised

Software Company

in their acquisition by

Anonymous Publicly Traded Company

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Other Support Services, Services to Buildings and Dwellings, Special Food Services, Warehousing

Advised

HVAC Services & Installation

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Other Support Services, Services to Buildings and Dwellings, Special Food Services, Warehousing

Advised

Refrigeration & HVAC Services Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Process, Physical Distribution, and Logistics Consulting Services, Truck Transportation

Advised

Drayage Trucking Services Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Health Care Services

Advised

Healthcare Cost Containment Company

in their acquisition by

Anonymous Strategic

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Environmental Services Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Other Support Services, Services to Buildings and Dwellings, Special Food Services, Warehousing

Advised

Portable Container Rentals

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Electronic and Precision Equipment Repair and Maintenance, Other Support Services, Payment Processing Software and Services, Services to Buildings and Dwellings, Special Food Services, Warehousing

Advised

Medical Billing Company

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Scrap Metal Processing & Recycling Company

in their acquisition by

Anonymous Strategic

September 2023

The Independence Group

Health Care Services

Advised

Home Health & Hospice Agency

in their acquisition by

Anonymous Private Equity Group / Ind. Sponsor

September 2023

The Independence Group

Administration of Environmental Quality Programs, Biotechnology research and development laboratories or services in environmental science, Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Environmental Remediation Services

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Health Care Services

Advised

Industrial Pharmacy

in their acquisition by

Anonymous Publicly Traded Company

September 2023

The Independence Group

All Other Miscellaneous Manufacturing, Bicycles and parts manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Doll, Toy, and Game Manufacturing, Fabricated Metal Product Manufacturing, Gasket, Packing, and Sealing Device Manufacturing, Industrial Machinery and Equipment Distributors (Wholesalers), Machinery Manufacturing, Musical Instrument Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repair and Maintenance, Plastics and Rubber Products Manufacturing, Primary Metal Manufacturing, Sporting and Athletic Goods Manufacturing, Tricycles, metal, adult and childrens, manufacturing,

Advised

Whls. Dist. Landscape/ Equestrian Supplies

in their acquisition by

Anonymous High Net Worth Individual

September 2023

The Independence Group

Architecture, Engineering, and Construction (ACE), Engineering Services (Non-Construction), Research and Development in the Physical, Engineering, and Life Sciences

Advised

Engineering Firm

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Architecture, Engineering, and Construction (ACE), Engineering Services (Non-Construction), Research and Development in the Physical, Engineering, and Life Sciences

Advised

Engineering Firm

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

All Other Miscellaneous Manufacturing, Bicycles and parts manufacturing, Doll, Toy, and Game Manufacturing, Musical Instrument Manufacturing, Sporting and Athletic Goods Manufacturing, Tricycles, metal, adult and childrens, manufacturing, Vehicle, childrens, metal manufacturing

Advised

Fishing Lure Manufacturer

in their acquisition by

Anonymous Private Equity Group

September 2023

The Independence Group

Electronic and Precision Equipment Repair and Maintenance

Advised

Manufacturer of Cable assemblies and Wire Harnesses

in their acquisition by

Private Investor

August 2023

The Independence Group

Software and Online Services

Advised

The Software Solutions Company

in their acquisition by

Private Investment Group

August 2023

The Independence Group

Telecommunications

Advised

Broadband Communications Services Provider

in their acquisition by

Private Equity Firm

August 2023

The Independence Group

Nonscheduled Chartered Freight Air Transportation, Safety Equipment Manufacturing, Scheduled Freight Air Transportation

Advised

Emergency Equipment and Logistics Company

in their acquisition by

Anonymous Company

August 2023

The Independence Group

Beer, Wine, and Distilled Alcoholic Beverage Distributors (Wholesalers), Food Manufacturing, Grocery and Related Product Distributors (Wholesalers), Tobacco and Tobacco Product Distributors (Wholesalers)

Advised

Commercial Bakery

in their acquisition by

Surge Private Equity

August 2023

The Independence Group

Electrical Equipment, Appliance, and Component Manufacturing, Electronic and Communications Manufacturing, Electronic and Precision Equipment Repair and Maintenance, Navigational, Measuring, and Control Instruments Manufacturing

Advised

Commercial HVAC Maintenance and Repair Company

in their acquisition by

Enovative Group, Inc.

August 2023

The Independence Group

Wired Telecommunications Carriers

Advised

Fiber Optic Cable and Underground Installation Company

in securing investment from

Private Investment Group

August 2023

The Independence Group

Health Care Services

Advised

Home Health & Hospice Agency

in their acquisition by

Private Equity-based Home Health Corporation

August 2023

The Independence Group

Health Care Services

Advised

Medex Practice Solutions, Inc.

in their acquisition by

Anonymous Company

August 2023

The Independence Group

Medical Equipment and Supplies Manufacturing, Medical glassware made from purchased glass, Medical glassware made in glass making plants

Advised

Biological Products Manufacturer

in their acquisition by

Private Equity Firm

August 2023

The Independence Group

Chemical and Allied Products Distributors (Wholesalers), Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Industrial Machinery and Equipment Distributors (Wholesalers), Industrial Supplies Distributors (Wholesalers), Lumber and Other Construction Materials Distributors (Wholesalers), Metal and Mineral (except Petroleum) Distributors (Wholesalers), Paint, Varnish, and Supplies Distributors (Wholesalers)

Advised

Anonymous Company

in their acquisition by

Anonymous Acquirer

December 2022

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Fabricated Metal Product Manufacturing, Gasket, Packing, and Sealing Device Manufacturing, Industrial Machinery and Equipment Distributors (Wholesalers), Machinery Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repair and Maintenance, Plastics and Rubber Products Manufacturing, Primary Metal Manufacturing

Advised

Anonymous Company

in their acquisition by

Anonymous Acquirer

December 2022

The Independence Group

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Fabricated Metal Product Manufacturing, Gasket, Packing, and Sealing Device Manufacturing, Industrial Machinery and Equipment Distributors (Wholesalers), Machinery Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repair and Maintenance, Plastics and Rubber Products Manufacturing, Primary Metal Manufacturing

Advised

Anonymous Company

in their acquisition by

Anonymous Acquirer

December 2022

The Independence Group

Agriculture, Construction, and Mining Machinery Manufacturing, Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance, Construction and Mining (except Oil Well) Machinery and Equipment Distributors (Wholesalers), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing, Distilleries, Fabricated Metal Product Manufacturing, Fabricated Structural Metal Manufacturing, Ferrous Metal Foundries, Gasket, Packing, and Sealing Device Manufacturing, Grape Vineyards, Heavy Duty Truck Manufacturing, Heavy machinery and equipment repair and maintenance services, Industrial Machinery and Equipment Distributors (Wholesalers), Iron and Steel Forging, Iron and Steel Mills and Ferroalloy Manufacturing, Machinery Manufacturing, Nonmetallic Mineral Product Manufacturing, Office Machinery and Equipment Rental and Leasing, Other Commercial and Industrial Machinery and Equipment Rental and Leasing, Other Electronic and Precision Equipment Repa

Advised

Steel Products Mfr

in their acquisition by

High Net Worth Individual

September 2013

The Independence Group

Administration of Environmental Quality Programs, Architecture, Engineering, and Construction (ACE), Biotechnology research and development laboratories or services in environmental science, Engineering Services (Non-Construction), Environmental Consulting Services, Environmental research and development laboratories or services (except biotechnology research and development), Environmental testing laboratories or services, Government Facilities Services, Pollution testing (except automotive emissions testing) services, Research and Development in the Physical, Engineering, and Life Sciences, Services to Buildings and Dwellings, Waste Management and Remediation Services, Waste Treatment and Disposal

Advised

Undisclosed

in their acquisition by

Fernandez Holdings

August 2012

The Independence Group

Enterprise Software and Online Services, Software and Online Services

Advised

Undisclosed

in their acquisition by

Undisclosed

November 2011