An affiliate of Stellex Capital Management agreed to acquire McConway & Torley and Standard Forged Products from Arcosa. The companies produce cast, forged, and machined products for rail and industrial customers from three facilities in Pittsburgh. David Meyer was named CEO.
Bourn & Koch, a Rockford machine tool manufacturer, is integrating the Mollart gun drilling machine line from England into its facility after both were acquired by InCompass. The company expects to hire 5-10 employees to support the new operations.
Harrington acquired Cortrol Process Systems, a provider of non-metallic corrosion-resistant flow control products and services, to enhance its fiber-reinforced plastic product portfolio and geographic footprint in the Midwest and Gulf Coast.
The Timken Company has agreed to acquire CGI Inc., a Nevada-based manufacturer of precision drive systems for automation markets including medical robotics. The deal is expected to close in Q3 2024.
IE Corp. announced a 97,000-square-foot expansion of its South Point, Ohio facility, adding manufacturing, warehouse and office space. The project will create over 30 jobs and is expected to be completed by June 2025.
Fox Innovation & Technologies has acquired Cotter Holdings Group, a rotating machinery services provider, to expand its field operation capabilities across the US. The deal is expected to take Fox to over $100 million in LTM revenue on a proforma basis.
Rosenbauer America, through dealer General Fire Apparatus, has begun delivering a contract for 27 Type 3 pumpers and 30 water tenders to the Oregon State Fire Marshal. The first 12 pumpers and 15 water tenders have been placed into service across Oregon.
Graham Corporation was awarded a contract to provide the MK19 air turbine pump for the torpedo ejection system on the Columbia-class submarine, as part of three contracts worth over $65 million combined. Products will be made at its Arvada, Colorado operations; the award was in the second quarter of fiscal 2025.
Sustainable packaging maker Meyers has agreed to acquire substantially all assets of Johnson Printing and Packaging Corporation (JPP) to expand its folding carton business. Financial terms were not disclosed.
Mako Industries acquired The Spears Group Inc. dba Spears Refrigeration, a commercial HVAC and refrigeration company in Arlington, Texas. This is Mako's fourth acquisition in its commercial services division, expanding its North Texas presence.
CMS Corporation was awarded an $11.4 million contract by the U.S. Air Force to repair the HVAC system in Building 3453 at Goodfellow Air Force Base, Texas. The project includes replacing the DOAS, piping, fan coil units, and ductwork over 496 calendar days.
Formosa Plastics Corp. USA is expanding its PVC plant in Baton Rouge, Louisiana, to increase capacity and handle larger production volumes. The project is expected to create jobs, but no specific capacity or investment amount was disclosed.
RFHIC announced a supply contract worth 11.5 billion KRW (approximately $11.5 million) with RFHIC US Corporation for high-power GaN SSPA to a US defense company. The contract period runs from August 2, 2024 to September 1, 2026.
Ryerson Holding Corporation acquired Production Metals, a distributor of aluminum, stainless, and specialty steels based in Monroe, Connecticut. The acquisition bolsters Ryerson's value-added offerings in the Northeastern United States.
Atlas Copco has received village approvals to expand its School Road facility in Voorheesville, New York, adding 65,000 square feet to manufacture larger centrifugal compressors.
Neuronetics and Greenbrook TMS announced a merger agreement to create a vertically integrated company in transcranial magnetic stimulation (TMS) for depression treatment, expected to close in Q4 2024.
Omya was named exclusive distributor for TIB Chemicals Corporation's organotin and tin-free catalyst product lines in the U.S. CASE markets, effective August 1, 2024.
Intex DIY, a supplier of wiping cloths and cleaning textiles, was acquired by The Hillman Companies in August 2024. Intex DIY is based in Villa Rica, Georgia.
Pexco LLC, a North American specialty plastics processor, has acquired Precise Aerospace Manufacturing, Inc., a supplier of injection and compression molded plastic components based in Yorba Linda, California.
Generac Power Systems announced the acquisition of Ageto, a provider of microgrid controllers, on August 1, 2024. Terms were not disclosed.
Hitachi Astemo held a groundbreaking ceremony on August 1, 2024, for a 42,500-square-foot addition to its Sunbury, Ohio plant. The expansion will increase plant capacity by more than 50% and is expected to be completed by late December 2024.
Gebhart Holdings, the holding company behind Metal Source, has purchased the Imperial Aluminum asset in Scottsboro, Alabama, to expand its metals production capabilities in the southern United States.
Arcosa, Inc. has entered into a definitive agreement to acquire the construction materials business of Stavola Holding Corporation for $1.2 billion in cash. Stavola operates five hard rock aggregates quarries, twelve asphalt plants, and three recycled aggregates sites serving the New York-New Jersey MSA.
Vessco Water has acquired TSC-Jacobs, a water and wastewater equipment company serving Florida's municipal markets, and Myers Aubrey, an industrial process control equipment representative serving multiple states. The acquisitions strengthen Vessco's offerings for municipal and industrial customers.
Granite Construction Inc. has entered into an agreement to acquire Dickerson & Bowen, Inc., a regional aggregates, asphalt and highway construction company serving central and southern Mississippi. The acquisition is subject to customary closing conditions.
The Defense Logistics Agency awarded SRI International a maximum $125,641,325 contract for generalized emulation of microcircuits production. The five-year base contract with a six-month option period has performance completion date of July 31, 2029.
MIL-PRO and Brawer Bros. Group of Companies formed MIL-PRO Operating Group LLC, with Skip Smith as CEO and Rusty Burton as President/COO. The deal includes access to Brawer Bros.' manufacturing and distribution facilities.
Constellium announced a new project to construct a state-of-the-art casting center in Muscle Shoals, Alabama, to increase its ability to convert recycled scrap aluminum into rolling ingot.
Mitsubishi Electric US plans to invest $143.5 million to repurpose its existing Maysville, Kentucky facility to produce heat pump compressors, the first U.S. factory for twin-rotary variable capacity compressors. The project is expected to create 122 new jobs.
Family-owned corrugated packaging maker Welch Packaging has started up a new corrugator facility, OHCorr, in Wooster, Ohio, to produce corrugated sheets for its box plants. The site is in Wooster's Innovation Park.
Rapid Pump, a Hidden Harbor Capital Partners portfolio company, acquired Metro Pumps & Systems, a pump and motor repair and distribution firm in Edison, New Jersey. The deal expands Rapid Pump's customer base in the NYC-metro area.
Organic Dyes & Pigments LLC (ORCO) completed the acquisition of the assets of Bolger & O'Hearn, Inc., a supplier of specialty chemicals and colorants to textile, paper and coatings industries, effective July 31, 2024.
UVisionUSA and Mistral Inc. selected Silvus Technologies' StreamCaster SC4400 MANET radios for the HERO-120SF loitering munition, part of a $73.5 million U.S. SOCOM contract. The radios provide secure C2 and communications.
Leonardo DRS was awarded a $417 million contract by the U.S. Navy to provide electronic combat control and sonar systems equipment for installation across the submarine fleet and allied fleets. The TI-26 contract covers design, procurement, production, and support.
LSC Environmental Products, a portfolio company of Ancor Capital Partners, acquired Benzaco Scientific, a manufacturer of natural compounds for industrial and commercial odor management. The combined organization will continue as LSC Environmental Products.
Opifex Enterprises and Synergy Equipment, a portfolio company of Avance Investment Management, combined to form the largest independent equipment rental company in the Texas and Florida markets. The combined entity ranks as the 9th largest general equipment rental provider in the US.
Lystek International achieved substantial completion of a design-build project at the Commerce Township Wastewater Treatment Plant in Michigan, installing its Lystek THP® thermal-chemical hydrolysis process to produce Class A biosolids and eliminate landfill disposal.
UVisionUSA and Mistral Inc. selected Silvus Technologies' StreamCaster SC4400 MANET radios for C2 and communications on the HERO-120SF, part of a $73.5 million U.S. SOCOM contract for loitering munitions.
SK Capital Partners agreed to acquire the North America Composites & Fuel Containment Division of Parker Hannifin Corporation. The division has annual sales of approximately $350 million and includes a Kentucky headquarters and five locations in the U.S. and Mexico.
Capital City Group, a subsidiary of Bay Crane Companies, has acquired cranes and related equipment from Midwest Equipment Company in Garfield Heights, Ohio. The Midwest Crane Rental premises will become the Capital City Cleveland branch.
UNX-Christeyns, a cleaning chemicals company, is expanding operations in Pitt County, North Carolina, with a $10 million investment in a new 70,000-square-foot facility, adding 21 new jobs.
Sikorsky Aircraft Corp., a Lockheed Martin company, was awarded a $120,265,023 firm-fixed-price modification to a previously awarded contract to procure long-lead time materials for 21 CH-53K King Stallion aircraft. Work will be performed in Stratford, Connecticut, and is expected to be completed in March 2025.
BorgWarner secured a contract to deliver its high-voltage eFan system for a global OEM's heavy- and medium-duty battery electric vehicles in North America. Production is slated to start in Q4 2027.
Polar Semiconductor plans to invest approximately $525 million to expand its Bloomington, Minnesota manufacturing facility, doubling its domestic semiconductor production capacity from 20,000 to 40,000 200mm wafers per month. The project is expected to create over 160 new jobs and is supported by $120 million in proposed CHIPS Act funding and a $75 million investment from the State of Minnesota.
Amtech Software will deploy its EnCore ERP platform across five Opus Packaging manufacturing facilities in the US to improve efficiency and productivity. The system adds cloud-based access and automation.
Whelen Aerospace Technologies (WAT) has announced the acquisition of substantially all assets of AeroLEDs LLC, merging two aviation lighting technology companies. AeroLEDs will continue to operate from Boise, Idaho.
Sunbelt Solomon Services acquired Maxima Power Group, which comprises Magna IV Engineering, Power Solutions Group, and Industrial Tests. Maxima is a NETA accredited electrical engineering, automation solutions, and technical field services provider with 370 employees across nearly 20 locations in the US, Canada, and Chile.
BMW Group opened a 20,000-square-meter press shop at its Plant Spartanburg in South Carolina, a $200 million investment that will produce parts for the new X3 SUV and create over 200 jobs.
Rolls-Royce, through its distributor Smith Power Products, will supply two 1,500kW mtu Kinetic PowerPacks to NOVVA for emergency backup power at its expanding data center in Colorado Springs. The units are manufactured at Rolls-Royce's competence center in Liege, Belgium and are set to be commissioned in Q4 2024.
Velocity Composites signed a US supply agreement for Syensqo's aerospace composite, adhesive and surfacing materials at the Farnborough International airshow.