Ohio Transmission Corporation has acquired Compressed Air Systems, LLC, a Lafayette, Louisiana compressed air products and services provider and Quincy Compressor master distributor. The company will operate as a division of Air Technologies.
Cummins-Wagner Co., a mid-Atlantic industrial process equipment distributor, agreed to acquire the operating assets of EESCO Pump & Valve, a Baltimore service and machine shop. The deal was expected to close by October 2017.
Dayton, Ohio fluid power distributor Scott Industrial Systems announced its acquisition of Sun Coast Hydraulic Electric Manufacturing, a maker of custom industrial control panels and hydraulic power units founded in 1993.
ePac Flexible Packaging bought 10 additional HP Indigo 20000 digital presses to open new facilities in Los Angeles, Houston, Chicago and Miami through mid-2019, quadrupling its production capacity.
Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.
Dragon Products Group completed the acquisition of FabTech's assets from Nalco Champion, a division of Ecolab. FabTech designs and fabricates oilfield production equipment in Casper, Wyoming. Terms were not disclosed.
EagleTree Capital, on behalf of EagleTree Partners IV, acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a maker of vacuum pumps, blowers, compressors and valves, from founder Tom Latsos and other management. Terms were not disclosed.
Honeywell's UOP Russell business will provide Brazos Midstream with a third cryogenic gas processing plant, Comanche III, for the Southern Delaware Basin in Texas. The 200 MMcf/d plant will extract natural gas liquids and includes engineering, fabrication and a modular NGL recovery unit.
NiSource Midstream Services completed a compressor upgrade at its Majorsville compressor station in Dallas, West Virginia, replacing four vintage compressors with four CAT 3606 engines and Ariel JGC4 compressors. The upgrade adds 1,800 horsepower and raises throughput by 70-80 million cubic feet per day.
Ariel Corporation was awarded a contract by Rover Pipeline LLC, a subsidiary of Energy Transfer Partners, to supply 39 natural gas compressors for the $4.2 billion Rover natural gas pipeline. The contract is estimated at more than $34 million.
Valmet will supply a second OptiConcept M board production line, with automation, to Pratt Paper for Pratt's new greenfield mill in Wapakoneta, Ohio. Start-up of the PM 17 machine is scheduled for Q4 2019; the order value was not disclosed.
USA Compression Partners will acquire Energy Transfer Partners' compression business, CDM, adding 1.6 million horsepower of gas compression fleet. The transaction is valued at about $1.8 billion, including $1.225 billion in cash consideration to ETP.
Dearing Compressor & Pump Co. completed its first acquisition by merging with Pittsburgh-based Kruman Equipment, the oldest Gardner Denver industrial air compressor distributor. The deal is expected to roughly double Dearing's industrial air compressor business.
Linamar is expanding its Linamar Forgings Carolina closed-die forging operation in Wilson, NC, with a $6.8 million investment to make hollow transmission shafts and net-shape differential gears for automotive chassis parts. A $62,000 performance-based grant from the One North Carolina Fund supports the expansion.
Florida Governor Rick Scott announced Danfoss Turbocor Compressors will build a new facility in Tallahassee, adding 120 advanced manufacturing jobs, with construction starting early 2018 and completion in 2019.
Danfoss is building a new 44,000 sq ft facility at its Turbocor Compressor site in Tallahassee's Innovation Park for about $12 million, with construction expected to start in early 2018 and finish in 2019.
VanZandt Controls, an OFS Energy Fund portfolio company in Odessa, Texas, acquired the machining assets of Flatland Forge to machine valve packaging components in-house.
Japan's Kyoto Seisakusho acquired PMI Cartoning, Inc. of Elk Grove Village, Illinois, to form PMI KYOTO Packaging Systems, which will keep operating from the Illinois site and offer cartoners, case packers, over-wrappers and palletizers.
Svoboda Capital Partners sold industrial distributor Blake & Pendleton to Five Points Capital and the senior management team. Svoboda had acquired the company in June 2013 from KLH Capital.
Parker Hannifin has offered the US Department of Justice concessions, including selling the aviation fuel filtration business, to address the agency's post-closing challenge to its $4.3 billion Clarcor acquisition.
Clayton, Dubilier & Rice funds agreed to acquire a majority stake in SunSource Holdings, a distributor of hydraulic and pneumatic fluid power products in the US and Canada. Terms were not disclosed.
Continental has acquired Custom Machining Services, Inc., a Valparaiso, Indiana maker of hose assembly equipment, crimpers and dies, to expand its industrial hose services. Terms were not disclosed.
Bidell Gas Compression has completed a $2 million renovation of a former machine shop in Weirton, West Virginia, to build gas compression equipment for customers in the tri-state area. The plant employs about 30 people and plans to reach around 200 at peak operations.
Motion Industries, a subsidiary of Genuine Parts Co., reached a definitive agreement to acquire Cedar Rapids-based Apache Inc., a supplier of industrial belts and hoses, with closing expected on 1 November 2017. The deal is expected to add about $100 million in revenue to Motion.
AFGlobal acquired the Axon pressure pump technology and product line from Amkin Technologies, a privately held oilfield equipment developer. The purchase lets AFGlobal supply fluid and power ends alongside its pressure pumping systems.
Bidell Gas Compression secured its first orders, three compressor systems for MarkWest Energy Partners, estimated at $1 million each.
Aerzen USA, a division of Aerzener Maschinenfabrik GmbH, is expanding its Coatesville facility in Chester County, Pennsylvania, with a $7.5 million project that will add 16 jobs and grow the workforce to more than 110 by year end.
Trask-Decrow Machinery transferred its plant air compressor business to Ingersoll-Rand, its long-time distributor partner. Both companies will share the same location in Scarborough, Maine, while Trask-Decrow keeps its industrial pump and portable equipment business.
China-based J-Star Motion will establish a new manufacturing facility in Cedar Springs, Michigan, investing $4.9 million and planning 122 jobs, supported by a $738,000 state grant.
Atlas Copco acquired C.H. Spencer & Company, a US distributor of industrial pumps and compressors serving Nevada, Wyoming and Idaho. About 40 employees join Atlas Copco and the price was not disclosed.
Japan's Nikkiso closed its acquisition of California-based Cryogenic Industries Inc and Cryogenic Industries AG of Basel, makers of cryogenic centrifugal and reciprocating pumps and equipment for industrial gas and LNG markets. The deal value was not disclosed.
Burckhardt Compression will deliver its Laby compressor system for a monoethylene glycol plant in Lake Charles, Louisiana, with 700,000 tpy capacity, part of an ethane cracker project expected to operate in 2019.
Nordson SEALANT EQUIPMENT moved its line of business from Plymouth to a renovated Wixom, Michigan facility adding 30,000 square feet of manufacturing and office space and new demonstration and test areas.
Metallenium, based in Lubbock, Texas, announced its strategic merger with Service Compression, a rental compressor fleet operator in Van Buren, Arkansas, for undisclosed cash and stock. The transaction closed in the second quarter of 2017.
New York Air Brake will expand its Premtec Division plant in Salisbury, Rowan County, North Carolina, creating 28 jobs and investing over $1 million. The project is supported by a $50,000 One North Carolina Fund grant and could reach 40 jobs long term.
DynaEnergetics plans to triple quarterly DynaStage production by Q4 2017 and open a 40,000-square-foot assembly center at its Blum, Texas campus in Q2 2018. Total expansion investment is expected to be $18 million to $20 million, funded from operating cash flow.
Schenck Process is investing to renovate its main Whitewater, Wisconsin plant into a dedicated stainless steel production facility, removing carbon steel manufacturing. The facility is expected to be fully operational by October 1, 2017.
Spanish-owned Daumar is constructing a 113,000 sq ft production plant and 27,000 sq ft office building in Huntersville, North Carolina, a project first announced in August 2017 with a $21 million first phase and 40 planned jobs.
Burckhardt Compression delivered a multi-stage Laby labyrinth piston compressor system in August 2017 to the monoethylene glycol plant under construction in Calcasieu Parish, Louisiana, built by LACC LLC, a joint venture of Lotte Chemical and Axiall.
Effective August 1, 2017, Medo USA Inc. merged with its parent company Nitto Kohki USA in Roselle, Illinois, unifying the US corporate structure. Product models, part numbers and pricing are unchanged.
Warner Electric, a subsidiary of Altra Industrial Motion, announced plans to expand its operations at Park 30 Business Center in Columbia City, Indiana, adding new equipment and new jobs. The number of jobs was not given.
Hitachi published a notice setting the transfer execution date for its acquisition of a U.S.-based air compressor manufacturer. The article gives no target name, value or closing details.
Oak Ridge-based Protomet Corporation will invest $29.3 million to establish a new facility in Loudon County, Tennessee, rehabbing a 224,000-square-foot former Maremont building. The company will create 200 jobs over five years and expects the plant to be operational in the first half of 2018.
Enerflex agreed to acquire the compression business of Mesa Compression, LLC in the United States for $106 million in cash, adding a fleet of about 112,000 hp in the Permian and Scoop/Stack basins.
RIX Industries, a Benicia, California compressor maker, announced it acquired Qdrive, a subsidiary of Chart Industries, including its assets and IP to expand RIX's cryogenics business. The announcement is dated June 16, 2017.
Kirby Corporation signed a definitive agreement to acquire substantially all assets of Stewart & Stevenson for about $710 million before adjustments. Funding is half credit facility and half Kirby stock, with closing expected in the third quarter of 2017.
Gardner Denver Holdings has acquired Sidney, Ohio-based LeROI Compressors for about $20 million in cash. LeROI makes gas compression equipment for vapor recovery and biogas, and has 80 employees.
Atlas Copco held the grand opening of its $25 million production facility in Rock Hill, South Carolina, which employs more than 300 and makes generators and portable compressors for construction.
Ohio packaging firm Sandusky Packaging chose a KBA Rapida 106 seven-color press with UV capability for its 50,000 sq ft facility in northeast Ohio, with operation to begin in late summer 2017.
Dresser-Rand, part of Siemens Power and Gas, received an order from BP to supply two DATUM compressor trains with Siemens electric motors for the Mad Dog 2 project in the deepwater Gulf of Mexico. Equipment ships in 2018 and production is expected to begin late 2021.