M&A Successfully Completed: MA Capital Partners Facilitates Merger Between Nakabashi Hoshou, a Construction and Maintenance Company, and Nippon Rutsubo, a 140-Year-Old Established Refractories Manufacturer
Key facts
- M&A Successfully Completed: MA Capital Partners Facilitates Merger Between Nakabashi Hoshou, a Construction and Maintenance Company, and Nippon Rutsubo, a 140-Year-Old Established Refractories Manufacturer
- MA Capital Partners has facilitated the M&A between Nakabashi Hoshou, a construction and maintenance firm facing succession challenges, and Nippon Rutsubo, a 140-year-old refractories manufacturer. The deal aims to ensure business continuity and create mutual synergies.
- Source: PR Times
- Date: June 15, 2026
Direct answer
MA Capital Partners has facilitated the M&A between Nakabashi Hoshou, a construction and maintenance firm facing succession challenges, and Nippon Rutsubo, a 140-year-old refractories manufacturer. The deal aims to ensure business continuity and create mutual synergies.
- Citation
- M&A Successfully Completed: MA Capital Partners Facilitates Merger Between Nakabashi Hoshou, a Construction and Maintenance Company, and Nippon Rutsubo, a 140-Year-Old Established Refractories Manufacturer (June 15, 2026), PR Times
- Source
- PR Times
- Date
- June 15, 2026
MA Capital Partners has facilitated the M&A between Nakabashi Hoshou, a construction and maintenance firm facing succession challenges, and Nippon Rutsubo, a 140-year-old refractories manufacturer. The deal aims to ensure business continuity and create mutual synergies.
📋 Article Processing Timeline
- 📰 Published: June 15, 2026 at 21:10
- 🔍 Collected: June 15, 2026 at 12:22
- 🤖 AI Analyzed: June 16, 2026 at 00:20 (11h 58m after Collected)
MA Capital Partners Co., Ltd. (Chuo-ku, Tokyo; President and CEO: Satoru Nakamura) has facilitated the M&A between Nakabashi Hoshou Co., Ltd., headquartered in Sakai City, Osaka, specializing in construction and maintenance work for power generation facilities and various plants, and Nippon Rutsubo (Rutsubo) Co., Ltd., a refractories manufacturer with a 140-year history.
▼ View the interview on this successful M&A deal here:
https://www.ma-cp.com/case/success/160/
M&A Overview
Nakabashi Hoshou is a long-established company based in Sakai City, Osaka Prefecture, specializing in thermal insulation, cryogenic, and refractory construction for power generation facilities and industrial plants. Facing challenges such as lack of successors, difficulty in securing young talent, and adapting to structural changes in the energy industry, the company prioritized business continuity and the security of its employees and business partners by choosing to merge with Nippon Rutsubo, a 140-year-old manufacturer. Nippon Rutsubo operates in the refractories and furnace-related business and aims to expand its operations into the power and energy sectors while securing skilled construction personnel. Both companies share a field-oriented value system, have built mutual trust, and are already generating two-way synergies, including mutual project orders.
▼ View the interview on this successful M&A deal here:
https://www.ma-cp.com/case/success/160/
Transferring Company
Nakabashi Hoshou Co., Ltd.
Representative Director: Masahiro Nakabashi
Head Office: Sakai City, Osaka Prefecture
Business Activities: Performs thermal insulation, cryogenic, and refractory construction, primarily for commercial power generation facilities, as well as construction and maintenance work for plants and environmental equipment.
Reason for Considering M&A: Lack of successors
Acquiring Company
Nippon Rutsubo Co., Ltd.
President and CEO: Yusuke Nishimura
Head Office: Shibuya-ku, Tokyo
Business Activities: Engages in the manufacturing, engineering, and maintenance of industrial refractory products and melting furnaces, primarily for the steel and foundry industries.
Reason for Considering M&A: Business expansion
Lead Advisor
Kodai Sano, Manager, Corporate Information Department
After graduating from university, he worked at Nomura Securities, providing comprehensive financial consulting services such as wealth management for corporations and business owners, and succession planning including M&A. Since joining our company, he has handled all aspects of transactions across diverse industries such as construction, IT, retail, and manufacturing, building a track record of successful deals.
Lead Advisor
Kazuki Oki, Director, Corporate Information Department
Certified Public Accountant
Passed the Certified Public Accountant examination while still in university, then joined a major auditing firm and a foreign consulting company, where he conducted accounting audits and management consulting for large enterprises. Driven by a desire to further contribute to the growth and sustainability of mid-sized and small enterprises that support society, he joined MA Capital Partners. Since joining, he has supported M&A transactions across a wide range of industries, from manufacturing to IT startups.
→https://www.ma-cp.com/about/staff/kazuki-oki/
[Company Overview]
Name: MA Capital Partners Co., Ltd. (Prime Market-listed on the Tokyo Stock Exchange, Securities Code: 6080)
Location: 2-2-1 Yaesu, Chuo-ku, Tokyo, Yaesu Central Tower, Tokyo Midtown Yaesu, 36th Floor
Representative: President and CEO Satoru Nakamura
Established: October 2005
Business Activities: M&A-related services
Main Phone: 03-6770-4300
URL: https://www.ma-cp.com/
[Inquiries Regarding This Matter]
MA Capital Partners Co., Ltd.
Public Relations Department, Saika Takeda
Phone: 03-6770-4305 Email: pr@ma-cp.com
▼ View the interview on this successful M&A deal here:
https://www.ma-cp.com/case/success/160/
M&A Overview
Nakabashi Hoshou is a long-established company based in Sakai City, Osaka Prefecture, specializing in thermal insulation, cryogenic, and refractory construction for power generation facilities and industrial plants. Facing challenges such as lack of successors, difficulty in securing young talent, and adapting to structural changes in the energy industry, the company prioritized business continuity and the security of its employees and business partners by choosing to merge with Nippon Rutsubo, a 140-year-old manufacturer. Nippon Rutsubo operates in the refractories and furnace-related business and aims to expand its operations into the power and energy sectors while securing skilled construction personnel. Both companies share a field-oriented value system, have built mutual trust, and are already generating two-way synergies, including mutual project orders.
▼ View the interview on this successful M&A deal here:
https://www.ma-cp.com/case/success/160/
Transferring Company
Nakabashi Hoshou Co., Ltd.
Representative Director: Masahiro Nakabashi
Head Office: Sakai City, Osaka Prefecture
Business Activities: Performs thermal insulation, cryogenic, and refractory construction, primarily for commercial power generation facilities, as well as construction and maintenance work for plants and environmental equipment.
Reason for Considering M&A: Lack of successors
Acquiring Company
Nippon Rutsubo Co., Ltd.
President and CEO: Yusuke Nishimura
Head Office: Shibuya-ku, Tokyo
Business Activities: Engages in the manufacturing, engineering, and maintenance of industrial refractory products and melting furnaces, primarily for the steel and foundry industries.
Reason for Considering M&A: Business expansion
Lead Advisor
Kodai Sano, Manager, Corporate Information Department
After graduating from university, he worked at Nomura Securities, providing comprehensive financial consulting services such as wealth management for corporations and business owners, and succession planning including M&A. Since joining our company, he has handled all aspects of transactions across diverse industries such as construction, IT, retail, and manufacturing, building a track record of successful deals.
Lead Advisor
Kazuki Oki, Director, Corporate Information Department
Certified Public Accountant
Passed the Certified Public Accountant examination while still in university, then joined a major auditing firm and a foreign consulting company, where he conducted accounting audits and management consulting for large enterprises. Driven by a desire to further contribute to the growth and sustainability of mid-sized and small enterprises that support society, he joined MA Capital Partners. Since joining, he has supported M&A transactions across a wide range of industries, from manufacturing to IT startups.
→https://www.ma-cp.com/about/staff/kazuki-oki/
[Company Overview]
Name: MA Capital Partners Co., Ltd. (Prime Market-listed on the Tokyo Stock Exchange, Securities Code: 6080)
Location: 2-2-1 Yaesu, Chuo-ku, Tokyo, Yaesu Central Tower, Tokyo Midtown Yaesu, 36th Floor
Representative: President and CEO Satoru Nakamura
Established: October 2005
Business Activities: M&A-related services
Main Phone: 03-6770-4300
URL: https://www.ma-cp.com/
[Inquiries Regarding This Matter]
MA Capital Partners Co., Ltd.
Public Relations Department, Saika Takeda
Phone: 03-6770-4305 Email: pr@ma-cp.com
FAQ
What does Nakabashi Hoshou do?
Nakabashi Hoshou specializes in thermal, cryogenic, and refractory construction for power and plant facilities, based in Sakai, Osaka.
When was Nippon Rutsubo founded?
Nippon Rutsubo was established 140 years ago and manufactures industrial refractories and melting furnaces.
Which firm advised on this M&A?
M&A Capital Partners facilitated the transaction, providing advisory services to both companies.