# Honeywell to acquire Compressor Controls Corporation from INDICOR for $670M

Honeywell agreed to acquire Compressor Controls Corporation (CCC), a turbomachinery control provider, from INDICOR LLC for $670 million in an all-cash deal announced April 26, 2023. The deal is about 15x 2023E tax-adjusted EBITDA.

- Type: Acquisition
- Announced: 2023-04-26
- Where: Des Moines, Iowa, United States
- Value: $670.0M
- Status: announced
- Products: turbomachinery control hardware and software, carbon capture control solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Clayton Dubilier & Rice](https://endata.com/companies/530.md) (partner)
- [Honeywell](https://endata.com/companies/621.md) (acquirer)
- [Compressor Controls Corporation](https://endata.com/companies/988.md) (target)
- [Roper Technologies](https://endata.com/companies/9293.md) (partner)
- [INDICOR](https://endata.com/companies/10506.md) (partner)

## Sources

- [honeywell.com](https://www.honeywell.com/us/en/news/press-releases/2023/04/honeywell-to-acquire-compressor-controls-corporation-driving-the-energy-transition-through-leading-automation-and-controls-portfolio), 2023-04-25: "The acquisition will be integrated into Honeywell's Process Solutions business and will strengthen Honeywell's leadership in industrial control, automation and process solutions."
- [charlotteobserver.com](https://www.charlotteobserver.com/news/business/article274730826.html), 2023-04-26: "Honeywell will acquire a Des Moines, Iowa-based oil and gas compressor company for $670 million"
- [privateequityinternational.com](https://www.privateequityinternational.com/honeywell-to-acquire-compressor-controls-corporation-for-670m/), 2023-04-26: "Honeywell has agreed to acquire from Des Moines, Iowa-based Compressor Controls Corporation, a provider of turbomachinery control and optimization solutions, for $670 million."
- [prnasia.com](https://www.prnasia.com/story/402541-1.shtml), 2023-05-04: "霍尼韦尔近日宣布同意以现金6.7亿美元收购INDICOR公司旗下的美国压缩机控制公司"
- [control.com](https://control.com/news/honeywell-to-push-energy-transition-via-acquisition-of-compressor-controls-corporation-ccc/), 2023-05-10: "The all-cash transaction of $670 million is expected to close in the latter half of 2023, pending legal and regulatory approvals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.