Chicago-based lower middle market M&A advisory and investment banking firm serves as exclusive advisor to New England’s trusted industrial cleaning, hydro excavation, and infrastructure maintenance contractor.
December 9, 2025
CHICAGO — Auctus Capital Partners, a leading lower middle market investment bank and M&A advisory firm, today announced that it served as exclusive financial advisor to Precision Industrial Maintenance, Inc. on its majority recapitalization by PowerVac, a portfolio company of Pillsman Partners LLC and Peninsula Capital Partners, LLC. The transaction was led by Auctus and its CEO and Managing Partner, Muhammad Azfar.
Founded in 1992, Precision Industrial Maintenance (PIM) is New England’s trusted contractor for industrial infrastructure maintenance and rehabilitation, hydro excavation and jetting, industrial cleaning, lab pack, and chemical and hazardous waste disposal. Backed by more than 30 years of experience across diverse industries, PIM delivers a full range of field-proven, eco-conscious services, from CCTV inspection and small-diameter lining to landfill jetting and facility maintenance, for hospitals, colleges, manufacturing plants, and commercial customers across the Northeast.
The recapitalization positions PIM to expand its industrial and environmental service offerings into new geographies as part of the PowerVac Group. Record government investment in aging U.S. infrastructure, together with rising ESG-driven demand for industrial cleaning and waste management services, continues to fuel growth across the markets PIM serves.
Auctus Capital Partners guided Precision Industrial Maintenance through every phase of the M&A process, identifying strategic partners aligned with the company’s culture and growth ambitions, conducting due diligence, preparing capital markets materials, and leading negotiations through to close.
Auctus Capital Partners guided Precision Group through every phase of the M&A process, identifying strategic partners aligned with the company’s culture, values, and growth ambitions; conducting due diligence; preparing capital markets materials; and leading negotiations through to close.
“We are grateful to have supported the creation of this partnership. This transaction allows both PowerVac and the Precision Group of Companies to expand their reach and service offerings across their respective regions, serve an evolving customer base, and sharpen their strategic growth initiatives. Underpinned by significant government support for the repair of aging infrastructure, pipeline rehabilitation and wastewater management services are seeing record investment. A growing awareness of ESG issues is driving strong investor demand.”
— Muhammad Azfar, CEO and Managing Partner, Auctus Capital Partners
The result is a partnership that strengthens Precision’s position at the forefront of environmental services while expanding both companies’ reach across their respective regions.
“We were extremely impressed with Auctus Capital Partners. The team’s understanding of our industry and the needs of our affiliated entities ensured a successful transaction, one that will enable greater expansion into underserved markets without compromising our commitment to the environment or our drive to bring cutting-edge technology, strong design, and sustainability to a growing set of needs.”
— Todd Kilburn, Co-Founder and CEO, The Precision Group
About Precision Industrial Maintenance
Precision Industrial Maintenance, Inc. is a New England leader in industrial, environmental, and infrastructure services, with more than 30 years of experience in pipe rehabilitation, industrial cleaning, hydro excavation, jetting, lab pack, and chemical and hazardous waste disposal. A proud member of the PowerVac Group, PIM is headquartered in Schenectady, New York. For more information, visit www.pim-inc.com.
About PowerVac of Michigan | Pillsman Partners LLC and Peninsula Capital Partners, LLC
Founded in 1998, PowerVac of Michigan, Inc. (PVM) and its sister company, ServicePRO, became a Pillsman/Peninsula portfolio company in 2019. Since then, PVM has completed seven acquisitions that have added capabilities and expanded its industrial service offerings into new geographies. Pillsman Partners focuses on private investments in businesses generating $2 to $15 million of EBITDA across specialty chemicals, advanced materials, engineered components, and related business services. Peninsula Capital Partners, LLC is a private equity firm that has invested nearly $2 billion across more than 150 platform investments since 1995, providing customized minority and majority capital solutions to middle-market businesses throughout North America. For more information, visit yourworkorder.com.
About Auctus Capital Partners
Auctus Capital Partners is a leading investment banking and M&A advisory firm headquartered in Chicago, focused exclusively on creating value for the lower middle market. The firm specializes in merger and acquisition advisory, institutional private placements of debt and equity, financial restructuring, valuation, and strategic consulting across business services, industrials, environmental services, consumer and retail, food and beverage, healthcare and life sciences, and technology, media and telecom. Backed by deep sector expertise and a nationally integrated network, Auctus navigates highly complex transactions to maximize value and achieve optimal outcomes for clients. For more information, visit www.AuctusCapitalInc.com.
Securities products and investment banking services are offered through BA Securities, LLC, Member FINRA/SIPC. Auctus Capital Partners and BA Securities, LLC are separate, unaffiliated entities.
