Uplift Partners served as exclusive buy-side M&A advisor to Nello Industries on its acquisition of LaX Fabricating LTD. The transaction closed in February 2026.
Founded in 2002 and headquartered in South Bend, Indiana, Nello Industries provides end-to-end engineering, design and fabrication solutions for galvanized steel structures serving the utility and communications infrastructure markets.
LaX Fabricating LTD is a specialized custom steel fabricator providing heavy steel fabrication services from facilities in Spring Grove, Minnesota, and Westby, Wisconsin. The company serves OEM manufacturers, utilities, construction and industrial sectors.
As part of its mandate, Uplift developed a comprehensive list of strategic acquisition candidates. With the support of Nello and Main Street Capital, Uplift led targeted outreach, screening each opportunity for strategic fit and execution feasibility. Beginning with more than 200 potential targets, Uplift advanced 15% of the initial universe into substantive discussions in six months. Following a disciplined evaluation process, LaX Fabricating emerged as the clear strategic partner.
The acquisition expands Nello’s custom fabrication capacity and manufacturing footprint, enhancing its ability to deliver engineered steel packages across utility and infrastructure applications. Since closing, Uplift has expanded the acquisition universe and continues active engagement with high-priority candidates.
About Uplift Partners
Uplift Partners is a Chicago-based boutique investment bank providing senior-led M&A and growth capital advisory services to privately held businesses and entrepreneurs.