Franklin Electric acquired the product lines, assets and manufacturing process of CPS Pumps, LLC in Rossville, Tennessee for $6.3 million, with the Rossville employees joining Franklin Electric. The business will be integrated into its Global Water unit.
Warburg Pincus agreed to acquire Sundyne, a maker of centrifugal pumps and compressors, from BC Partners and The Carlyle Group. Terms were not disclosed and management under CEO Mark Sefcik will continue.
Blackhall Valves of the United Kingdom was contracted by the Tarrant Regional Water District to supply the largest gate valves for the Integrated Pipeline Project, which completed phase one in spring 2019.
Schlumberger's OneSubsea has received an engineering, procurement and construction contract from Chevron to supply subsea production trees, multiphase flowmeters, manifolds and a multiphase pump station for the deepwater Anchor field in the US Gulf of Mexico. The award was made in March and disclosed in December 2019.
Rotork is expanding its Mile Crossing Blvd. facility in the Town of Gates, Monroe County, New York, adding 52,000 square feet and up to 56 new jobs over five years in a $10 million project supported by up to $550,000 in state incentives. Completion is expected in summer 2020.
Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.
Winsupply Inc. bought Industrial Equipment & Parts, a Plymouth, Minnesota distributor of heavy industrial pumps serving pulp, paper and ethanol customers. Terms were not disclosed.
Elliott Group broke ground on a $60 million cryogenic pump test facility at the former Jeannette Glass site in Jeannette, Pennsylvania, near its U.S. headquarters. The company chose the site as its main U.S. manufacturing base.
Wilo USA, through a new subsidiary, acquired the assets of American-Marsh Pumps (J-Line Pump Co.) in Collierville, Tennessee, announced on November 26, 2019. The company employs 55 people and makes centrifugal pumps, vertical turbines and fire protection equipment.
NIBCO has announced its acquisition of Milwaukee Valve, a producer of valves for commercial, industrial and marine markets, which will operate as a wholly-owned subsidiary with no operational changes.
Emerson Automation Solutions broke ground on an expansion of its Park Avenue West plant in Ontario, Ohio, to increase production of rotary vane valves and add an electro-hydraulic operator valve line. The expansion is expected to add 20 jobs over five years.
Emerson Process Management will expand its Ontario, Ohio facility with a $6.5 million project adding about 12,600 square feet of manufacturing space for its rotary vane and electro-hydraulic operator lines. The expansion is expected to add 20 jobs and take 15 to 16 months to complete.
Sulzer has opened a new Houston Service Center in Pasadena, Texas, with a large pump repair shop, lifting capacity for large machines and automated welding. The center focuses on oil and gas customers.
JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.
Hunt Valve Company, a May River Capital portfolio company, completed its acquisition of Pima Valve, a maker of severe-duty bronze marine valves in Chandler, Arizona, announced November 5, 2019.
RegO, a maker of valves and controls for propane and LNG, is expanding its Whitsett, North Carolina manufacturing facility with new automated machining stations, adding about 50 jobs. The machines will be installed over eight months and roughly double plant capacity.
Family-owned Metropolitan Industries of Illinois acquired Emmons Pump & Control, which was renamed Emmons Metro LLC as of August 27, 2019, in Albany, New York. The deal was publicized on October 23, 2019.
Matholding Group acquired 51 percent of U.S.-based OCV Control Valves LLC, adding valves for fueling transfer and aviation markets to its portfolio.
NIBCO agreed to acquire the entire Milwaukee Valve Company, including its products, facilities and assets, with the deal expected to close in the fourth quarter of 2019 pending regulatory approvals. Terms are confidential.
Ohio Transmission Corporation, an industrial equipment distributor in Columbus, Ohio, has acquired Pumps, Parts and Service Inc., a Charlotte, North Carolina pump and repair distributor serving the Southeast. PP&S will become a division of OTP Industrial Solutions.
The John H. Carter Company acquired Process Pumps & Equipment and its affiliate LA Machine & Design, which will operate from existing facilities in Geismar and Shreveport, Louisiana, expanding its pump group offerings. The deal was announced on September 13, 2019.
KCM Capital has acquired Mobile, Alabama-based Industrial Valve Sales & Services LLC, a provider of specialty valve services and products, with financing from PNC Mezzanine Capital, Five Points Capital and Hancock Capital Management. Financial terms were not disclosed.
Elliott Group merged Ebara International Corporation, based in Sparks, Nevada, with its operations in Jeannette, Pennsylvania. The transaction was listed in the Q2 2019 pump M&A review.
MAT Holding Group merged OCV Control Valves with Dorot Control Valves in Tulsa, Oklahoma, creating OCV Fluid Solutions, which serves waterworks, fire protection, aviation fueling and mining markets.
Airtech Inc. acquired Champion Valves Inc. and Valve & Pump Specialties Inc. in early September 2019 to complement its US Valve subsidiary. Champion, based in Wilmington, North Carolina, makes industrial check and butterfly valves.
Sunbelt Supply, a Clearlake Capital-backed flow control provider, acquired Severe Service Specialists (Triple S), a provider of valves and services based in Trussville, Alabama. Terms were not disclosed.
IMI plc announced the proposed acquisition of PBM Inc., a manufacturer of industrial valves and flow control products based in Irwin, Pennsylvania, for an enterprise value of $85 million. Closing is expected within two months.
Russel Metals announced an agreement to acquire City Pipe & Supply Corp., a supplier of pipe, valves and fittings to oil and gas companies in Texas and New Mexico. The announcement was made on August 19, 2019.
Milwaukee Valve in Prairie du Sac, Wisconsin rebuilt two air compressors and bought two new ones with variable frequency drives, supported by a Focus on Energy incentive of nearly $62,000. The upgrades are expected to save $27,000 a year in energy costs.
Aberdeen-based Interventek won a contract exceeding £1 million to deliver 6-3/8 inch open water safety valves to Trendsetter Engineering in Houston. Delivery is due by early 2020 for Trendsetter's light riser intervention system.
Curtiss-Wright was awarded contracts valued above $80 million to supply propulsion valves for the US Navy's Virginia-class and Columbia-class submarine programs. Work will be done at its East Farmingdale, New York facility through 2024.
Champion Valves Inc. has been acquired by US Valve LLC, a division of Airtech USA. Champion Valves will continue operating under its own name, with Steve Lovell taking over responsibility.
Metropolitan Industries acquired Emmons Metro LLC (formerly Emmons Pump & Control), a supplier of pumps, equipment and controls based in Albany, New York, in August 2019.
Pietro Fiorentini held the ribbon-cutting for its new manufacturing plant in Weirton, West Virginia, on July 29, 2019, a $9 million investment. It is the company's first US manufacturing operation.
Ovation Holdings, Inc. announced the acquisition of Valve Sales, Inc. (VSI), an Oklahoma City-based supplier of valves, actuators and flow control products to oil and gas producers in Oklahoma, Texas and New Mexico. The acquisition took effect July 15, 2019.
CRI Pumps is setting up wholly owned subsidiaries in the US and Mexico, with an assembly facility in Houston estimated at around $5 million, to cut US lead times from 120 days to under 5. It also plans a California facility within six months.
Ampo Poyam Valves will design and manufacture electric actuated gate valves for Gulf Coast Growth Ventures' chemical facility in San Patricio County, Texas. Construction starts in Q3 2019 with start-up expected by 2022.
Ross Valve of Troy, New York, acquired the Green Island property from LAI International for $2.5 million and plans to hire 50 new employees over five years while retaining 10 workers.
First Reserve has completed its acquisition of Trillium Flow Technologies, formerly Weir Flow Control, from The Weir Group. Trillium makes 15 pump and valve brands for power, oil and gas, water and mining customers. Final terms were not disclosed.
Airtech Group, a portfolio company of EagleTree Capital, acquired Champion Valves Inc. and Valve & Pump Specialties, Inc., designers and distributors of industrial check and butterfly valves, in July 2019.
Haltec Corporation held a groundbreaking for a 59,000-square-foot manufacturing facility in the Leetonia World Trade Park, Ohio, expected to open early next year and add 30 to 40 jobs within three years.
Ross Precision Manufacturing, an affiliate of Ross Valve Manufacturing, acquired LAI International's Green Island operations in Albany County, New York, investing $2.5 million and creating 50 new jobs.
Flomatic Corporation completed a $3.3 million expansion of its Glens Falls, Warren County plant, adding nearly 20,000 sq ft and an epoxy coating operation that nearly triples output. The company has committed to 15 new jobs.
Ohio Transmission Corporation has acquired Furey Filter & Pump and its subsidiary PSI Engineering, two pump and filtration companies with 65 employees in Wisconsin and Minnesota.
SIGMA Corporation merged its Fire Protection business with four business units of Unique Industrial Group to form the SIGMA Piping Products joint venture. The venture will serve national pipe, valve and fittings distributors and OEM markets from Denver, Colorado.
Andronaco Industries acquired Diamond Companies, comprising Diamond Fiberglass, a fluid management vessel and tank maker, and Diamond Services, an industrial services business. The business will be rebranded Diamond Fiberglass Systems and Services.
AMPO POYAM Valves will supply more than 2,000 cryogenic and metal-seated valves for Cheniere Energy's Sabine Pass LNG train 6, built under an EPC deal with Bechtel.
QuantumFlo, a Wilo brand, bought and renovated an existing building at 2664 Jewett Lane in Sanford, Florida, to serve as its new headquarters and production facility with more than double its previous space. A grand opening celebration is planned for June 28.
DK-Lok signed a single supply contract to supply tube fittings and valve products to US customer Nudraulix, worth KRW 5.95 billion, for July 2019 to April 2020. The contract was disclosed on 29 May 2019.
AMPO POYAM VALVES won a contract from Cheniere Energy and Bechtel to design and manufacture more than 2,000 highly engineered cryogenic and non-cryogenic valves for the sixth liquefaction train at Sabine Pass, Louisiana.