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Footprint Capital Advises Forge Racks & Dunnage in Sale to Polargy, Inc., a portfolio company of GEF Capital Partners

Footprint Capital Advises Forge Racks & Dunnage in Sale to Polargy, Inc., a portfolio company of GEF Capital Partners

Columbus, Ohio, May 19th, 2026 – Forge Racks & Dunnage (“Forge”) has been acquired by Polargy, Inc. (“Polargy”), a Portfolio Company of GEF Capital Partners. (“GEF”). Footprint Capital, LLC, (“Footprint”) acted as the exclusive sell-side advisor in the transaction.

Headquartered in Connersville, Indiana, Forge has over 40 years of experience in designing and manufacturing integrated, reusable material handling systems and specializes in data center skids, industrial racks, and custom steel fabrication. The Company provides a broad range of capabilities that enables customers to source complex fabricated products from a single, trusted partner for use in industrial and infrastructure applications, including the rapidly growing data center market.

The acquisition adds approximately 160,000 square feet of manufacturing space to Polargy's operations, increasing the company's total footprint to more than 550,000 square feet nationwide. In addition to expanded capacity, Forge’s expertise enhances Polargy’s ability to support larger, more complex projects by expanding its capabilities in both white space infrastructure solutions—such as aisle containment and airflow management systems—and grey space infrastructure solutions, including structural skid systems and custom-fabricated assemblies.

This transaction marks another important milestone in Polargy's growth strategy and reinforces the company's commitment to supporting hyperscale, colocation, enterprise, and AI-driven data center developments with innovative, scalable, and high-quality infrastructure solutions.

Drew Unger, EVP of Sales Technology at Polargy, commented, “This is another major step forward for Polargy and for the customers we support. With Forge, Action Group, and Intermountain Lift now part of our manufacturing platform, we are building the capacity, capabilities, and footprint needed to support larger, more complex infrastructure programs and quick-turn deadlines. Our customers need partners who can move quickly, simplify execution, and help them meet their schedules. Adding capacity is important, but the bigger story is what it allows us to do for customers. This acquisition strengthens our ability to support infrastructure programs from design and manufacturing through integration and installation.”

Tom Pampush of Ice Miller and Steve Barsotti of Kegler Brown Hill + Ritter served as Forge’s legal counsel during the transaction.

Read the full Polargy press release here.

ABOUT FOOTPRINT CAPITAL
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com.

ABOUT POLARGY
Polargy designs, manufactures, and integrates infrastructure solutions for modern data centers, supporting both white space and grey space environments. The company helps customers improve airflow, reduce field complexity, and keep projects moving with solutions built for real-world deployment. For more information, visit: www.polargy.com.

ABOUT GEF CAPITAL PARTNERS
GEF Capital Partners is a private equity firm, headquartered in Arlington, VA, that invests in companies that have developed solutions to help address climate change and pollution mitigation with investments spanning the clean energy, energy efficiency, waste, water and resource efficiency sectors. By partnering with management teams that operate in high-growth markets, GEF Capital brings a value-added approach to its investments to grow leading companies and ensure a more sustainable future. For more information, visit: www.gefcapital.com.