Capstone Partners advised Glunt Industries (a portfolio company of Merit Capital Partners)—a provider of industrial repair and refurbishment services—on its acquisition by Hannecard Group. The transaction closed in April 2026, and terms of the deal were not disclosed.
Founded in 1966, Glunt is a leading provider of repair, refurbishment, and OEM-grade replacement services for heavy equipment components used by steel and aluminum mills. Headquartered in Warren, Ohio, Glunt reconditions, rebuilds, upgrades and extends the service life of critical steel and aluminum mill equipment to exacting tolerances. For more information on Glunt Industries, visit here.
The Capstone team brought deep expertise in industrial services and a strong command of the M&A process, paired with a level of responsiveness that proved critical at every stage. They clearly understood our priorities, structured the right strategic alternatives, and executed with precision. The outcome exceeded our expectations by creating and sustaining competitive tension throughout the process.
This acquisition highlights Hannecard Group’s continued effort to serve the steel and aluminum markets across North America, further expanding their already global reach. This combined synergy allows them to support steel and aluminum customers with a holistic approach, covering everything from the roller surface to the mechanical heart of the mill.
Wolfgang Zahner, Director at Capstone Partners, commented, “We were pleased to advise Glunt Industries on this milestone transaction with Hannecard. For nearly 60 years, Glunt has built a differentiated remanufacturing platform focused on critical equipment enhancement and full lifecycle solutions. Hannecard is an excellent strategic partner with complementary capabilities and a global footprint, positioning Glunt to further enhance its mission critical remanufacturing offering.”
The Hannecard Group is a leader in industrial roller coverings and coatings, delivering cutting-edge solutions in rubber, polyurethane, composite, and carbide to diverse industries. With a strong global presence, Hannecard offers a comprehensive range of services, including roller maintenance, roller repair, and roller optimization, ensuring unparalleled support to customers across the world. For more information on The Hannecard Group, Visit here.
The investment banking professionals on Capstone Partners’ dedicated Industrials Team work with leading middle market companies operating in the mill equipment market to advise with their strategic decision-making in order to maximize financial outcomes at every stage of the business lifecycle. Our firm has developed a full suite of corporate finance solutions, including M&A advisory, debt advisory, financial advisory, and equity capital financing to help privately owned businesses and private equity firms address any need, ranging from growth and financial or operational advisement to an ultimate exit transaction. To learn more about this transaction, or about the benefits of starting a relationship with our Industrials Banking Team, contact us here.
