HOUSTON, TX – May 19, 2025 – Relevant Industrial, LLC (“Relevant”), a leading provider of industrial equipment and engineered solutions, announced today that it has been acquired by Fusion Capital Partners (“Fusion”) through a strategic financial investment. LKCM Headwater Investments (“LKCM”), a longstanding partner to Relevant, sold a majority stake in the company and has reinvested through the transaction to continue as a minority stakeholder.
This transaction marks a significant milestone for Relevant and brings additional capital to fuel its leadership in the industrial solutions market. The investment will support Relevant’s continued growth by expanding innovation capabilities, enhancing its service portfolio, and broadening its geographic reach across North America.
“We are deeply grateful to LKCM for their partnership and support,” said John Carte, CEO of Relevant Industrial. “Their commitment has been instrumental to our growth and success to this point. 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. I am confident that with Fusion’s expertise and innovative approach, we will continue to build on our strong foundation and create even greater value for our team and our stakeholders.”
“Relevant maintains strong supplier relationships, a loyal customer base, and deep domain expertise,” said Forrest Beck, Vice President at Fusion. “We are excited to collaborate with the Relevant management team as we support the company’s growth journey through organic initiatives and strategic acquisitions, while enhancing its ability to provide robust engineered solutions to critical customer challenges.”
“Our mission is to cultivate market-leading companies of the future through close collaboration with our management partners,” said Tom Cutting, Principal at Fusion. “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. We foresee numerous opportunities to invest in additional technologies and capabilities to better serve their expanding customer base.”
“We are proud to have been part of Relevant’s journey and are excited about the future that lies ahead,” said Andy Zacharias, Partner at LKCM. “Our decision to reinvest in the business reflects our strong belief in the upside opportunity for our investors. Relevant’s strong leadership, strategic vision, and commitment to innovation have positioned them for significant growth. We are confident that this continued partnership will further enhance the value we deliver to our investment partners.”
Relevant will continue operating from its headquarters in Houston, Texas, under the leadership of its current management team.
Jefferies LLC served as exclusive financial advisor to Relevant, and Foley & Lardner LLP served as legal counsel. Fusion was represented by Jefferies Private Funds Advisory as placement agent, Solomon Partners as exclusive financial advisor, and Kirkland & Ellis LLP as legal counsel.
Relevant Industrial
2010 McAllister Rd.
Houston, TX 77092
1.888.858.3647
About Relevant Industrial
Relevant Industrial, LLC was formed in 2010 through the acquisition of Wilson Mohr, a company with roots dating back to 1965. As the first Honeywell thermal channel partner in the U.S., Wilson Mohr built a reputation as an expert in burner management, fuel trains, and other critical thermal solutions. Since then, Relevant has expanded its capabilities and product offerings through organic growth and multiple acquisitions, serving a wide range of industrial markets.
The company employs top-tier technicians, engineers, designers, and specialists committed to solving complex operational challenges. With over 30 locations nationwide and sales coverage in more than 30 additional territories, Relevant supports key sectors including Renewable Energy, Alternative Fuels, Semiconductor, Refining, Petrochemical, OEM, Food Processing, Upstream Oil & Gas, and Municipal markets. Their offerings span instrumentation and automation, rotating equipment, purification systems, actuated valves, and thermal solutions.
Media Contact:
Chris Leight
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About Fusion Capital Partners
Founded in 2024 by Jason Cowett, Matt Brown, Tom Cutting, Jeff Chaney, Matt Veneman, and Forrest Beck, Fusion Capital Partners is a Los Angeles-based private equity firm focused on control-oriented investments in the industrials sector. The firm targets businesses offering engineered products and services to defined end markets, with an emphasis on accelerating growth, increasing operational efficiency, and executing strategic M&A.
Fusion’s approach is centered on partnership and long-term value creation through organic initiatives and collaborative execution with management teams.
For more information, visit fcpartners.com.
Media Contact:
Mike Geller
Profile Advisors (on behalf of Fusion Capital)
mgeller@profileadvisors.com
About LKCM Headwater
LKCM Headwater Investments is a Texas-based private equity firm committed to building market-leading companies in partnership with strong management teams. With an operationally minded investment philosophy, LKCM provides the resources and strategic support required to achieve sustainable competitive advantage and long-term success.
