Griffin Dewatering, a portfolio company of Dallas-based Crossplane Capital, purchased the Pump & Integrity Rental segment of Cross Country Infrastructure Services. The deal was reported on 20 December 2022.
Atlas Copco acquired the operating assets of Northeast Compressor, a seller of air compressors and services to industrial customers in upstate New York, strengthening its geographic coverage there; the price was not disclosed.
The Stephens Group acquired Quality Valve, an OEM replacement parts provider, from seller Pfingsten. The article gives no deal value.
UFP Packaging, an affiliate of UFP Industries, acquired Titan Corrugated, a corrugated packaging manufacturer, and its affiliate All Boxed Up, a corrugated box distributor. The combined companies had trailing 12-month sales of about $46.5 million, and Titan operates an automated facility in Flower Mound, Texas.
Akers Packaging Service Group acquired SCI Box, a family-owned corrugated packaging business of Mount Vernon, Illinois, founded in 1976. The deal supports Akers' Midwest expansion strategy and adds the Mount Vernon facility.
Central States Industrial (CSI) completed its acquisition of Sierra Seals, a supplier of hygienic pipe, valves, pumps and related equipment, and Sierra Seals is moving to a new site in Ceres, California. The deal was announced on December 1, 2022, and the acquisition was completed on August 1, 2022.
Hidden Harbor Capital Partners acquired Machinery Services Corp. and Rapid Pump & Meter Services Co., based in Paterson, New Jersey, with senior secured credit facilities provided by LBC Credit Partners. The deal was announced on 29 November 2022.
Novvia Group, a packaging distributor backed by Kelso & Company, acquired Innovative Container, a La Mirada, California distributor of plastic, metal, glass and corrugated containers. Financial terms were not disclosed.
WestRock agreed to divest its ownership interest in RTS Packaging to joint venture partner Sonoco for $330 million, and to sell its Eaton, Indiana and Aurora, Illinois uncoated recycled paperboard mills to Ox Industries for $50 million. Closing is expected in the first half of 2023.
WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.
Flow Beverage Corp. agreed to sell its Verona, Virginia production facility to sports drink maker BioSteel for a deal valued at $19.5 million, with BioSteel becoming a co-packing partner.
Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.
Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.
APO Pumps & Compressors, an Ohio compressed air and pump sales and service firm, acquired PAPSCO, an Ohio-based distributor of filtration and separation equipment for process fluids and water treatment. The deal was advised by Copper Run.
Dresser Utility Solutions, a maker of metering, instrumentation and flow control products, has acquired the assets of Total Piping Solutions in Olean. The article is truncated and gives no deal value.
Sealed Air (NYSE: SEE) signed a definitive agreement to acquire Liquibox, a manufacturer of Bag-in-Box sustainable packaging and dispensing solutions, for $1.15 billion on a cash-free, debt-free basis. Liquibox had estimated 2022 revenue of $362 million.
Motion & Control Enterprises (MCE) acquired Nightwine Valves & Actuation, a Cleveland, Ohio distributor of flow control products such as valves, actuators and regulators serving Ohio, Pennsylvania and Kentucky. The deal was announced on November 1, 2022.
Lancaster-based private equity firm Peak Capital acquired Penn Pump & Equipment, a Hatfield manufacturer and distributor of plumbing and HVAC pumping products, as reported on October 31, 2022.
Blackstone agreed to acquire a majority stake in Emerson's climate technologies unit, which makes Copeland compressors, in a deal valuing the business at about $14 billion, with Emerson receiving about $9.5 billion in pretax proceeds and keeping a 45% stake.
Atlas Copco Compressors has acquired the operating assets of Compressed Air Products, Inc. (CAP), a longtime distributor based in Newnan, Georgia, which will become a direct branch. Twenty people will join Atlas Copco; the price was not disclosed.
Atlas Holdings has completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation, in the United States.
Hood Container Corporation, a subsidiary of Hood Companies, acquired Kentwood Packaging Corporation, a Grand Rapids-area packaging company, with PMCF acting as exclusive financial advisor to the seller.
Atlas Holdings completed the acquisition of Crown Paper Group, including Port Townsend Paper Corporation and Crown Corrugated Company, an integrated mill and containerboard operation in Washington and Western Canada. Terms were not disclosed.
IPACKCHEM, backed by SK Capital, acquired a majority stake in TPG Plastics from Beaconhouse Capital Management. IPACKCHEM plans to support TPG's expansion and bring its in-mould fluorination technology to North America.
FloWorks International LLC, a specialty flow control distribution platform backed by Clearlake Capital, acquired Flotech, Inc., a distributor and servicer of industrial valves with locations in Florida, South Carolina and Alabama. The deal was reported on October 5, 2022.
Baker Hughes announced an agreement to acquire Quest Integrity, a subsidiary of Team Inc., a provider of technology-enabled asset inspection and reliability management for pipeline, refining, petrochemical and power generation sectors. The announcement was made on October 5, 2022.
Atlas Copco acquired the operating assets of the compressor business of Mesa Equipment & Supply Company in Albuquerque, New Mexico, adding 19 employees to its Compressor Technique service division. The purchase price was not disclosed.
Novvia Group, backed by Kelso & Company, acquired Rios Containers, a Santa Fe Springs, California distributor of plastic and metal bottles, cans and drums. Financial terms were not disclosed.
SupplyOne, Inc. acquired Provident Packaging Corporation, a Philadelphia-based distributor of industrial packaging supplies, expanding its Northeast footprint and offering custom manufacturing and packaging equipment.
Spirax-Sarco announced on September 28, 2022 the acquisition of Durex International Corporation, a privately owned US specialist in custom electric thermal solutions for ultra-high criticality industrial equipment.
Holland Pump Company completed the acquisitions of Sander Power Equipment in Trevose, PA and Pump & Power Equipment Corp. in Jessup, MD, adding three branches for pump rental and dewatering services in the Mid-Atlantic region.
R.W. Mercer Co. and Pump & Meter Service, Inc. signed an agreement to become wholly-owned subsidiaries of a new holding company owned by their shareholders Kurt Radermacher and Andy Mercer. The companies will keep operating independently, with closing expected in Q4 2022. Both serve the petroleum and construction industries.
TricorBraun announced it will acquire Mark's Barrel Company, an industrial container services provider.
Amcor has made a strategic investment of up to $45 million in US-based ePac Flexible Packaging, increasing its minority shareholding in ePac Holdings. The announcement was made on September 14, 2022.
Aerzen USA has agreed a transaction to acquire Vooner FloGard Corporation, a manufacturer of vacuum pumps and vacuum systems based in North Carolina, facilitated by Benchmark International. The article gives no deal value.
CAREL Industries, via a subsidiary, signed a binding agreement to acquire the business of SENVA Inc., a Beaverton, Oregon maker of sensors for HVAC and indoor air quality. Closing is expected by end of October 2022.
Sonoco agreed to buy WestRock's remaining equity interest in RTS Packaging, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash, with closing expected in the first half of 2023.
Helios Technologies signed a definitive agreement to acquire the assets of Daman Products Company, a Mishawaka, Indiana maker of precision hydraulic manifolds and integrated packages. The purchase price was not disclosed.
SCG Packaging acquired a 90.1% stake in Jordan Trading Inc., a New York recovered paper trader, for US$1.98 million through a Thai subsidiary, adding about 100,000 tons per year of sourcing capacity. The company also partners with Peute, the Netherlands' largest packaging material recycler.
DXP Enterprises announced on September 2, 2022 its acquisition of Sullivan Environmental Technologies, a Kentucky-based manufacturer of pumps, valves and process equipment serving water and wastewater markets in Indiana, Kentucky and Ohio. Financial terms were not disclosed.
The Royal Group, a wholly owned subsidiary of Schwarz Partners, acquired corrugated packaging maker Progress Container & Display, which becomes its 17th manufacturing facility. PMCF acted as exclusive sell-side financial advisor; the deal closed in September 2022 and was reported on November 3, 2022.
Private equity firm Hidden Harbor Capital Partners agreed to acquire Machinery Services Corp and Rapid Pump & Meter Service, Northeast US facility services providers focused on pumps, motors and water infrastructure. Financial terms were not disclosed.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
Aegis Flow Technologies and Richter Pumps and Valves Inc. completed their merger on August 1, 2022, and the pumps and valves are now sold under the Richter Chemie-Technik brand from Geismar, Louisiana.
PumpMan, a pump sales and service provider, acquired Ransom Pump & Supply of Ramona, California, which will join PumpMan SoCal and PumpMan San Diego. Terms were not disclosed.
EUKALIN Corporation acquired 100 percent of the assets of Adhesives Specialists, Inc., a US maker of water-based and hotmelt adhesives, including its building in Allentown, Pennsylvania. The deal was announced on August 8, 2022, and no value was disclosed.
FloWorks International, backed by Clearlake Capital, acquired Flotech, a distributor and servicer of industrial valves founded in 1961 with locations in Florida, South Carolina and Alabama. No financial terms were disclosed.
B2B Industrial Packaging, a GenNx360 company, has acquired Springfield Corrugated Box Inc of Agawam, Massachusetts. It is B2B Industrial Packaging's 24th acquisition.
Hood Container Corporation has acquired the corrugated packaging business of Kentwood Packaging Inc, including its design, manufacturing, assembly and fulfillment operations in Walker, Michigan. The deal was announced on August 4, 2022.
Dazpak Flexible Packaging, owned by H.I.G. Capital, completed its acquisition of Atlapac Corporation, a flexible packaging and pouch converter in Columbus, Ohio. The deal expands Dazpak's flexible packaging business in the Midwest.