Chicago, IL (April 9, 2026) – Turnout Industries LLC (“Turnout”) is pleased to announce two new investments that continue to strengthen its focus on superalloy machining and forming operations.
In January 2026, Turnout acquired IET Global (“IET”), an Evansville, Indiana manufacturer of complex superalloy fabrications primarily for the industrial gas turbine market.
Originally founded in 1992, IET is an AS 9100, ISO 9001 and NADCAP certified provider of diffusion bonding, welding, machining, heat treating and water jet cutting services to OEM and aftermarket customers in the power generation, analytical instrumentation and aerospace industries.
Turnout Principal Mike Lazarczyk commented, “the acquisition of IET greatly expands our capabilities through the addition of diffusion bonding and heat treating services, while also strengthening our focus on superalloy machining. We are excited to aid in the growth of IET as it continues to serve the growing gas turbine market.”
In late 2025, KIHM Metal Technologies (“KIHM”) acquired Arbiser Machine (“Arbiser”), an Atlanta-based provider of electrical discharge machining (“EDM”), CNC machining services and waterjet cutting services.
Originally founded in 1964, Arbiser is an ISO 9001 certified supplier to customers in a variety of industries, including medical device, aerospace, industrial and food and beverage.
Turnout Partner Andrew Simmons commented, “We are excited to welcome the Arbiser team to the KIHM organization and feel that its EDM services and Southeastern location will allow us to provide additional valuable services to KIHM’s customers.”
Turnout continues to seek complementary acquisitions in precision machining and forming operations, with a focus on serving customers in aerospace, power generation, medical device end markets.
KIHM was advised by BC Miller Law Group and Sikich LLP on both transactions. Arbiser was advised by Walden Business. IET was advised by Scalepointe Advisors.
For more information regarding KIHM, please visit www.kihmmetaltech.com
For more information regarding Arbiser, please visit www.arbisermachine.com
For more information regarding IET, please visit www.ietglobal.com
ABOUT TURNOUT INDUSTRIES
Turnout Industries is a Chicago-based diversified holding company targeting both control and non-control investments in companies with $5-50 million of revenue and at least $1 million of EBITDA. From its committed capital base, Turnout provides both equity and subordinated debt to companies in the business services, manufacturing and distribution/logistics categories. Turnout seeks to build long term value through investments in management teams, company infrastructure and strategically additive acquisitions. With the benefit of a flexible timeline, Turnout will seek to build value over extended periods tailored to each specific company’s opportunities.We are committed to approaching each investment opportunity with the appropriate mix of humility and relevant experience. We prefer candor and believe in straightforward communications. We are an excellent partner to management teams and good stewards of our businesses. For more information regarding Turnout, please visit turnoutindustries.com or follow us on LinkedIn for our latest updates.