W&O, a supplier of pipe, valves and fittings, was awarded a subcontract by Eastern Shipbuilding Group to supply the major valves for the U.S. Coast Guard Offshore Patrol Cutters being built in Panama City, Florida. The valves will be handled by W&O's Mobile, Alabama branch.
Crane Co proposed an all-cash deal at $45 per share to buy Circor International, a transaction described as worth $1.7 billion. Circor's board rejected the proposal, and Crane made it public on May 21, 2019.
Crane Co proposed to acquire Circor International for $45 per share in cash, a 47% premium to Circor's closing price. Circor's board rejected the April 30 proposal, and Crane made it public on May 21, 2019.
The Entwistle Company was awarded a firm fixed-price delivery order worth $8.14 million by the Department of the Air Force for measuring and dispensing pump manufacturing, with performance in Danville, Virginia, dated May 16, 2019.
AIV and Gulf Coast Modification opened a 320,000-square-foot warehouse, manufacturing and office headquarters at 22806 Northwest Lake Drive in Houston, consolidating three previous properties.
AMERICAN Innovation LLC, formed by AMERICAN Flow Control, plans a $9 million, 30,000-square-foot research and development center in Crawfordsville, Indiana, with construction slated to finish in spring 2020 and up to eight hires by end of 2020.
AMERICAN Flow Control, the valve and hydrant division of AMERICAN Cast Iron Pipe Company, plans a 30,000-square-foot research and development center in Crawfordsville, Indiana, costing $9 to $12 million. The facility is expected to employ about eight R&D staff once completed.
Dover Corporation acquired the assets of All-Flo Pump Company, a maker of air-operated double-diaphragm specialty pumps, for $40.0 million in May 2019.
Newway Valve and Wanhua Chemical signed a centralized valve procurement agreement for Wanhua's US MDI integrated project in Louisiana, with a total investment of $1.25 billion and design capacity of 400,000 tonnes per year, during a ceremony at Yantai.
Gardner Denver and Ingersoll-Rand agreed to combine Gardner Denver with Ingersoll Rand's Industrial segment via a spin-off, creating a global pump and compressor maker valued at about $5.8 billion for Ingersoll Rand shareholders.
Ingersoll-Rand plc agreed to spin off its Industrial business and merge it with Gardner Denver Holdings in a cash-and-stock Reverse Morris Trust deal valued at about $15 billion, announced April 30, 2019.
Ingersoll Rand agreed to merge its air compressor, pumps, and fluid and materials handling business with Gardner Denver, spinning off its industrial business. The climate solutions business will receive $1.9bn in cash from the merger financing.
The Weir Group is investing an additional $15 million in its Newton manufacturing facility in Mississippi as part of a total $50 million plan supporting 150 jobs at the plant.
BHGE was selected as key supplier of Masoneilan control valves and Consolidated safety relief valves for Venture Global's LNG liquefaction facility in Louisiana. The order covers nearly 1,000 valves for the first phase of the 10 MTPY project.
Elliott Group completed the merger of Ebara International Corporation, based in Sparks, Nevada, with its Jeannette, Pennsylvania operations, effective from 1 April 2019. Cryodynamics cryogenic pumps are now made at Elliott's Jeannette factory.
Elliott Group completed its merger with Ebara International Corporation, which makes cryogenic pumps and expanders, with its operations in Jeannette, Pennsylvania. The merged business became one of Elliott's four business units.
Fluid-power distributor Iowa Fluid Power plans a 45,000 sq ft expansion of its Blairs Ferry Road NE facility in Cedar Rapids, Iowa, valued at $5.7 million, with 12 new jobs and completion expected in August 2019.
Standard Industrial Manufacturing Partners, a Hicks Equity Partners portfolio company, has merged with DH Pump and Supply, a maker of replacement pump parts for the oil and gas industry, in Texas. Financial terms were not disclosed.
Andronaco Industries is relocating its subsidiary Conley Composites from Tulsa, Oklahoma to a building at 4544 Broadmoor Ave. in Kentwood, Michigan, investing $3.3 million and creating 64 jobs. The Michigan Economic Development Corporation is supporting the project with a $320,000 grant.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.
The US Defense Logistics Agency awarded Transdigm a contract for linear direct valves valued at $689,700, dated February 21, 2019.
Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.
Zahroof Valves moved its reciprocating compressor valve operations into a new Houston, Texas facility with more than three times the office and production space.
Japanese pump maker Torishima Pump moved into a former ClydeUnion Pumps facility in Fort Custer Industrial Park, Battle Creek, Michigan, investing $1.5 million and creating 11 jobs.
Hydra-Tech Pumps, which builds hydraulically driven submersible pumps in Nesquehoning, Pennsylvania, plans a 10,000-square-foot addition to its 17,000-square-foot manufacturing space in the spring of 2019 and expects to add employees.
Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of specialty flow control products, for about $768 million, expected to close within 30 days. The deal is financed with a new credit facility.
The US Naval Surface Warfare Center, Philadelphia Division awarded Coffin Turbo Pump of Englewood, New Jersey an indefinite-delivery contract worth $15,523,669 for up to 33 steam turbine-driven main feed pumps for LHD-1 class main propulsion boilers, with completion expected by January 2024.
Private equity firm May River Capital, with Longview Asset Management and Knox Capital Holdings, merged Stancor LP with BJM Pumps LLC in Q1 2019.
Franklin Electric added Milan Supply Co, a Michigan-based groundwater distributor, to its Headwater business in a US$5.9 million deal in Q1 2019.
United Rentals announced on February 15, 2019 its acquisition of the rental division of Thompson Pump. MWI Pumps' CEO commented on the deal, which involves specialty pump rental locations and their employees.
Baker Hughes was selected as key supplier of Masoneilan control valves and Consolidated safety relief valves for Venture Global's LNG liquefaction facility in Louisiana, USA. The order includes nearly 1,000 valves and is the first phase of three plants.
Leslie Controls, a CIRCOR International brand, was awarded a $5.65 million contract by the US Navy to supply valves for ten Block V Virginia-class submarines, delivering two shipsets per year over five years. The award was announced in December 2018.
Gardner Denver Holdings has acquired MP Pumps, a Fraser, Michigan maker of specialty industrial pumps, for a net purchase price of about $58 million in cash. MP Pumps was previously owned by Lionheart Industrial Group.
Arable Capital Partners has acquired Hydratec, Lodi Pump & Irrigation and Universal Irrigation & Supply, which will merge into a platform called Laurel Agriculture + Water Solutions. No financial terms were disclosed.
Italian valve manufacturer Fratelli Pettinaroli completed the full acquisition of Michigan-based Jomar Group, a maker of ball, butterfly and check valves, in summer 2018, following a 50% stake bought in 2001. The deal was reported on 2018-12-12.
NETZSCH Pumps appointed Enpro Inc. of Addison, Illinois as its industrial representative for Missouri, Kansas and Southern Illinois for progressing cavity pumps, rotary lobe pumps and grinders.
Leslie Controls, a CIRCOR International brand, was awarded a $5.65 million contract by the U.S. Navy to supply valves for ten Block V Virginia-class submarines, with deliveries of two shipsets per year over five years.
Applied Industrial Technologies has acquired Fluid Power Sales, a manufacturer and distributor of fluid power components based in Baldwinsville, New York. Terms of the purchase were not disclosed.
Huntington Ingalls Industries named Triumph Group to supply 165 remote valve actuation systems for the USS George Washington aircraft carrier overhaul, produced at Triumph's Indiana plant under a previously awarded $2.8B HII contract.
Weir Minerals completed moving Delta Industrial valve manufacturing into its St Louis, Missouri facility, adding 5,000 sq ft of manufacturing space, 15,000 sq ft of warehouse space and extra shifts and staff.
Weir integrated manufacturing of its Delta Industrial valves at its St. Louis, Missouri facility, which previously made Lewis pumps and valves. The site added shifts, hired staff and expanded manufacturing space by 5,000 sq ft.
Linde Hydraulics plans to locate new production operations in Rock Hill, York County, South Carolina, in a 67,200 sq ft facility, with a $13.4 million investment projected to create more than 60 jobs.
Aberdeenshire-based Interventek Subsea Engineering received an order worth over £1 million from Louisiana-based PRT Offshore for its Revolution in-riser shear and safety valves. The valves will be included in PRT's subsea safety system for Gulf of Mexico well operations.
Jiangyin Eastern Valve supplied 671 API 603 stainless steel gate, globe and check valves for a Dow Chemical project in the USA, delivered at the end of September 2018. The end customer is MRC, and the valves were made for FORUM-COOPER.
Festo announced the acquisition of Fabco-Air, a Gainesville, Florida manufacturer of pneumatic automation components, which will continue to operate independently in Gainesville.
Saddle Brook-based PumpMan acquired Scott's AZ Motor Electric Repair, a provider of mechanical component and motor control repair, to expand its pump service network in the Phoenix market. The owners will continue to lead the company.
Legend Valve is completing a nearly $4 million expansion of its headquarters in Auburn Hills, Michigan.
Hayward Industries closed its acquisition of Paramount Leisure Industries, a pool equipment maker. Paramount will continue to operate as an autonomous business under its own name with the same management and staff.
PJ Valves was awarded a US$650,000 contract by an EPC contractor to supply more than 500 cryogenic and non-cryogenic valves for an LNG modernisation project in New Jersey, US. The valves will be made in India and Italy.
Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.