IMI Precision Engineering agreed to acquire Bimba, a maker of pneumatic, hydraulic and electric motion products with a US distributor network, for $198 million. Completion is expected in early 2018 subject to merger clearance and ESOP approval.
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.
Rotork is supplying several hundred pneumatic actuators, including 9-tonne GP-350 spring-return units, plus control panels for the Freeport LNG liquefaction project in Texas. The project is a joint venture of CB&I, Zachry Group and Chiyoda International.
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.
FCX Performance, a flow control distributor, has acquired Houston-based Eads Distribution and Charlotte-based The Massey Company, expanding its footprint to 67 offices nationally.
Medo USA merged with its parent company Nitto Kohki to unify its corporate structure in the U.S., with no change to its structure, location, contacts, pump models, part numbers or pricing.
Anchor Fluid Power, a supplier of flange and inline valve components, acquired Maxbar Inc., the largest US distributor of Walther-Präzision quick connect couplings, based in Houston, Texas. Maxbar will continue operating at its existing Houston facility.
KACE Valve was awarded a contract by Linde AG to supply automated severe service metal seated ball valves for Braskem America's polypropylene plant under construction in La Porte, Texas.
MCI (Motor Controls Inc) purchased the Flowtronex and Water Equipment Technologies (WET) product brands from Xylem Inc., as reported on 1 November 2017.
Malvern, Pennsylvania-based JA Moody's parent company has completed its acquisition of Pima Valve, a Chandler, Arizona maker of bronze marine valves. The deal adds design and manufacturing to JA Moody's distribution business.
Anderson Process, a Midwest process equipment supplier, acquired American Controls Inc., a pump distributor and service provider in Michigan and Northern Ohio, announced October 23, 2017.
Pelican Energy Partners sold downhole sand protection tool provider Multilift, based in Houston, Texas, to Forum Energy Technologies.
Halliburton bought electric submersible pump technology and services provider Summit ESP of Tulsa, Oklahoma, which has more than 500 employees.
Total Valve Systems added a new location in Perryton, Texas, extending its services and sales into the western U.S., announced October 5, 2017.
SIPOS Aktorik's HiMod electric actuators were selected by the San Diego County Water Authority in California to control water flow to remote valves.
Chromatic Industries, LLC acquired certain assets and the principal business of Quality Oil Tools, LLC, a maker of oilfield pressure control equipment, in Jennings, Louisiana, and will operate it as a subsidiary.
CIRCOR International signed a definitive agreement to acquire Colfax Fluid Handling from Colfax Corporation for about $855 million, including $542 million cash, new CIRCOR shares and assumed pension liabilities. Colfax will hold about 16% of CIRCOR after closing.
Polar Service Centers acquired the Linden, New Jersey distribution division of Girard Equipment, which distributes aftermarket tank truck parts, pumps, hoses and refinery equipment. The deal value was not disclosed.
Houston-based valve and actuator distributor AIV, together with Gulf Coast Modification, plans a new 320,000-square-foot facility in northwest Houston, scheduled for completion by late 2018, with room to expand to 700,000 square feet. KDW is the design-build contractor.
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.
Curtiss-Wright was awarded a contract worth over USD 49 million by Bechtel Plant Machinery to supply propulsion plant valves for Virginia-class submarines and Ford-class aircraft carriers.
Dragon PES announced the acquisition of a 117,880 sq ft, 19-acre former National Oilwell Varco facility north of San Angelo, Texas, to build API production tanks and pumps for the Permian Basin, with full tank production expected by December 1.
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.
Ross Controls announced the acquisition of the industrial division of Automatic Valve Corp., a pneumatic valve maker in Novi, Michigan. The purchase price was not disclosed and Automatic Valve's nuclear division was excluded.
Atlantic Valve Services, formed by Control Associates and Proconex, acquired the former Pentair Service Operations and Factory Repair center in Bridgeport, New Jersey. The 22,500 square foot facility will remain in use for valve service and inventory.
Control Associates and Proconex formed a joint venture called Atlantic Valve Services to serve the Mid-Atlantic and Northeastern US with valve sales, repair and certification. The venture follows Emerson's acquisition of Pentair's Valves & Controls unit.
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.
Curtiss-Wright was awarded a contract worth over USD 49 million by Bechtel Plant Machinery to supply valves for Virginia-class submarines and Ford-class aircraft carriers. Work is performed at its East Farmingdale, New York facility through 2021.
PumpMan Holdings LLC, a Soundcore Capital Partners portfolio company, completed the acquisition of Bartley Pump of Santa Rosa, California. The deal adds agricultural pump service and repair to PumpMan's offering.
Private equity firm May River Capital has completed its acquisition of BJM Pumps, LLC, a maker of submersible pumps, forming the first acquisition of its new Industrial Pump platform. Terms were not disclosed.
Danos has secured a contract with Williams Partners to modify valve and piping at the Pine Needle LNG storage facility in Stokesdale, North Carolina, including replacing 27 pressure safety valves, over roughly four months.
Betts Industries acquired a majority stake in J-Tech Incorporated, its long-time partner and exclusive rebuilder of its tank truck valves, located in Chester Springs, Pennsylvania. The deal is intended to support growth into new markets.
W.M. Schultz Construction was officially awarded the Restoration of the Wastewater Treatment Plant project by the City of Kingston, New York, on August 10, 2017. Work covers pump replacement, pump station reconstruction, flood proofing and a new plant-wide generator, with completion expected in spring 2018.
Private equity fund TGP Capital Partners II has acquired Air Power Systems Co., LLC (Apsco) of Tulsa, Oklahoma, a maker of pneumatic and hydraulic valves, cylinders, actuators and control systems for heavy duty truck equipment markets. CEO Vince Williams partners with TGP on the deal.
Paladon Americas has been awarded an order to supply 200 complete valve automation systems for Statoil's Bakken Shale Play in the US. Each system includes a 2 1/16 inch Class 5000 ball valve, a pneumatic scotch yoke actuator and a local control system for ESD protection on well pads.
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.
Pfeiffer Vacuum Technology AG acquired California-based Nor-Cal Products, a vacuum component maker with about 300 employees in the USA and Vietnam, for $68 million. The deal was announced on 1 August 2017.
Westpower and R&R Machine agreed to amalgamate their ownership interests, combining pump repair, field services and engineered pump supply across the US Northwest and Western Canada, with closing expected around July 31, 2017.
Nikkiso agreed to acquire the business and trademarks of California-based Cryogenic Industries, including ACD, Cosmodyne, Cryoquip and 18 subsidiaries, in a deal valued at around US$438 million.
Franklin Electric is acquiring controlling interests in three US professional groundwater distributors: 2M Co, Western Hydro Holding and Drillers Service Inc. The deal is valued at approximately US$89 million including assumed debt.
MRC Global's subsidiary MRC Global (US) Inc. extended its contract to provide integrated supply services and gas distribution products, including pipe, valve and fitting products, to NiSource Inc. on 17 July 2017.
Teledyne Instruments, a subsidiary of Teledyne Technologies, acquired Scientific Systems Inc., a State College, Pennsylvania manufacturer of piston pumps and precision components. Terms of the deal were not disclosed.
OMB Valves s.p.a. signed on 5 July 2017 to acquire the Vogt Valves division from Flowserve Corporation for approximately $28 million and completed the deal on 6 July 2017, with an expected gain of about $10 million for Flowserve.
Emerson selected Caltrol as the new provider for former Pentair Valves & Controls products and support in California, Arizona, Nevada and Hawaii, effective 5 July 2017. Emerson purchased the business unit from Pentair on 28 April 2017.
Halliburton announced it will acquire Tulsa, Oklahoma-based Summit ESP, which makes pumps for artificial lift in oil and gas wells. Financial terms were not disclosed.
Houston-based distributor Puffer-Sweiven was named Emerson's representative in the Gulf Coast and Central Texas region for valve brands acquired from Pentair, including Crosby, Keystone and Anderson Greenwood. It can now sell and service control, isolation and relief valves.
Flowserve held a groundbreaking in Ridgefield for a 57,600-square-foot facility on a 3.9-acre site, moving its 24-person Vancouver pump repair team there. The announcement is dated June 16, 2017.
SPX FLOW launched its first North American multibrand service center in Corpus Christi, Texas, offering rental and sales of controlled bolting, repair of pumps, mixers and valves, and OEM spare parts.
Pietro Fiorentini held a groundbreaking ceremony on Friday, June 9, 2017, for a $5.5 million facility in Weirton's Three Springs Business Park. The plant is due to open by spring 2018 and will employ up to 45 people in its first phase.
Parker Hannifin has acquired Erie, Pennsylvania-based Snap-tite, a maker of high pressure fluid power components for oil and gas and industrial markets.