HCI Equity Partners-backed AmerCareRoyal acquired Thermosource Tooling and Manufacturing (TTM), a maker of thermoformed and flexible packaging in El Segundo, California. Financial terms were not disclosed.
Atlas Copco Group acquired the technology of Utah-based Hycomp Inc, a privately owned maker of high-pressure oil-free compressors and boosters with 37 employees and about USD 8 million in 2023 revenue. The purchase price was not disclosed.
Curtis Power Solutions, a subsidiary of Indel Power Group, has acquired Independent Field Service, a sales, service, and maintenance provider for generator sets and heavy-duty engines in Syracuse, New York.
WALTER Surface Technologies has acquired Greenfield Industries, a US-based manufacturer of branded and private label cutting tools. Greenfield will continue to operate under its own brands.
Parker Freeze Dry, a division of ProForm Fabrication, has moved into a new 130,000-square-foot facility in Beresford, South Dakota, equipped with state-of-the-art equipment to expand freeze dryer production capacity.
Kalmar, part of Cargotec, received a large order from Wallenius Wilhelmsen to supply four heavy electric forklift trucks, two electric reachstackers, and three heavy terminal tractors for the company's US logistics network. The order was booked in Cargotec's Q4 2023 order intake.
Boston Scientific announced a definitive agreement to acquire Axonics, a medical technology company focused on devices for urinary and bowel dysfunction, for $71 per share, representing an equity value of approximately $3.7 billion.
GE HealthCare announced an agreement to acquire MIM Software, a provider of medical imaging analysis and AI solutions, to strengthen its digital solutions across care pathways. The deal value was not disclosed.
WorldWide Electric Corporation announced the acquisition of North American Electric, Inc., combining two customer-centric organizations in the industrial electric motors, motor controls, gear reducers and generators market. North American Electric operates a UL508A-certified facility in Hernando, Mississippi.
WPT Nonwovens Corp. cut the ribbon on a new $19.5 million, 75,000-square-foot manufacturing facility in Beaver Dam, Ohio County, Kentucky. The facility adds a carded nonwoven production line with over 12,000 annual metric tons of capacity for HVAC filtration media and hygiene fabrics, creating 35 jobs.
Carrier Global Corporation signed a binding term sheet with Montana Technologies to develop and commercialize Montana's AirJoule dehumidification and cooling technology. Carrier also conditionally committed $10 million in growth equity into Montana.
Boeing announced a deal to acquire Spirit AeroSystems in an all-stock transaction valued at approximately US$4.7 billion (US$37.25 per share), with total value including net debt around US$8.3 billion. The deal is expected to close in mid-2025, subject to regulatory and shareholder approvals.
Vestas-American Wind Technology is expanding its Windsor wind turbine blade factory in Colorado, driven by a surge of new contracts from U.S. wind power project demand.
Encorus Group announced a merger with Sienna Environmental Technologies as of January 2024, creating a new Regulated Building Materials division.
Press Glass announced a $155.2 million investment to construct a 360,000-square-foot extension to its existing facility in Henry County, Virginia. The expansion will create 335 new jobs and enhance manufacturing capacity for the commercial construction sector.
Novartis announced FDA approval for commercial manufacturing of Pluvicto at its new 70,000-square foot radioligand therapy manufacturing facility in Indianapolis, Indiana. The facility is the company's largest and most advanced RLT site, increasing production capacity to 250,000 doses in 2024.
Liebherr USA delivered and commissioned an R 9150 mining face shovel to Hawaiian Cement at its Halawa Valley Quarry in O'ahu, the first Liebherr excavator on Hawaiian soil.
Swedish public company Lindab International acquired Vicon Machinery Group, a US-based manufacturer of HVAC ductwork machinery. Vicon's second-generation owners will remain with the company.
Hood Container Corporation has acquired the corrugated packaging business of Sumter Packaging Corporation, including its Sumter, South Carolina operations and its Statesville, North Carolina facility.
The U.S. Department of Commerce awarded $72 million in direct funding to Microchip Technology for its Gresham, Oregon facility expansion. The project is expected to double manufacturing capacity and create an estimated 600 new jobs in Oregon.
Microchip Technology will use a $90 million federal grant as part of a $940 million modernization and expansion of its Fab 5 semiconductor fabrication facility in Colorado Springs, Colorado. The project is expected to more than triple chip output from the site.
Air Industries Group's business unit Sterling Engineering Corporation clinched two contracts worth $3.2 million to supply engine components for the F-135 jet engine that powers the Lockheed Martin F-35 Lightning II. Delivery is expected to begin in early 2024.
Mobix Labs was awarded a 15-month contract to supply EMI Filtered Connectors for the U.S. Army's M-1 Abrams Tank program. The connectors will be supplied to an undisclosed Honeywell subcontractor until June 2025.
MacDermid Enthone Industrial Solutions, an Element Solutions Inc company, acquired the surface finishing and cleaning chemical solutions of All-Star Chemical Company. The deal integrates All-Star's proprietary chemical solutions into MacDermid Enthone's portfolio.
The US Commerce Department plans to award Microchip Technology $162 million to expand semiconductor and MCU production at two factories in Colorado and Oregon, tripling output of mature-node chips.
Following the acquisition, Johnsonville plans to close the Salm Partners plant in Sheboygan County.
Johnsonville acquired Salm Partners and plans to close the Sheboygan County plant.
ABB broke ground on a 90,000-square-foot facility in Albuquerque, New Mexico, to expand production of Elastimold cable accessory solutions. The over $40 million investment is expected to begin operations in late 2024 and will integrate robotics and a Centre of Excellence.
Ballard Power Systems signed a new long-term supply agreement with bus maker NFI Group Inc. NFI placed an initial order for a minimum of 100 fuel cell modules for delivery in 2024, to be produced at Ballard's Bend, Oregon facility.
Day & Zimmermann's Maintenance and Construction division was awarded a $985 million contract by the Tennessee Valley Authority to perform maintenance and modification services at TVA's hydroelectric, gas, coal, and pumped-storage facilities. The contract spans five years with a five-year renewal option.
The Naval Air Systems Command awarded a $32,964,433 firm-fixed-price contract to Hamble Aerostructures Limited for Wing Pylon Assemblies (SUU-92) in support of the P-8A program Lot 13. The contract was awarded on a sole-source basis.
L3Harris Technologies was awarded a single-award, indefinite-delivery/indefinite-quantity contract with a potential maximum value of $479 million for next-generation tactical communications radios and support services for U.S. Special Operations Command.
NV5 Global was awarded a two-year, $5 million contract by the Hi-Desert Water District to provide owner's representative services for a septic-to-sewer project in San Bernardino County, California.
Cleanwater1, a portfolio company of Baird Capital, completed the acquisition of Velocity Dynamics, a provider of dry and liquid feed systems for water and wastewater treatment.
Crane Company has acquired Vian Enterprises, a designer and manufacturer of multi-stage lubrication pumps for aerospace and defense applications, for approximately $103 million on a cash-free, debt-free basis. Vian had about $33 million trailing 12-month sales.
Mursix Corporation acquired Aul Brothers Tool and Die, an automotive aftermarket tool and die business, with the deal finalized in mid-2023 and terms undisclosed. Aul Brothers production moved to Mursix's Park One headquarters and is expected to account for about 10% of sales.
Franklin Electric's subsidiary Headwater Companies acquired substantially all assets of LCA Pump, LLC, which operates Water Works Pump, a groundwater distributor in Springfield, MO. It will operate as a branch of Headwater Wholesale.
Thermon Group Holdings, Inc. acquired Vapor Power International, a provider of industrial process heating solutions including electric and gas-fired boilers. Vapor Power had revenue of over USD 50 million in 2023. The acquisition was announced on 2 January 2024.
The Viessmann Group has completed the combination of its Viessmann Climate Solutions business with Carrier Global. Viessmann Group becomes one of the largest shareholders in Carrier, and Max Viessmann joins Carrier's Board of Directors.
United Electric Supply Co. Inc. has entered into a merger agreement with Kovalsky-Carr Electric Company of Rochester, New York. Kovalsky-Carr will continue to operate as an independent distributor and subsidiary of United Electric Supply.
Liebherr is constructing a $176 million logistics facility in Tupelo, Mississippi, expected to create 180 jobs by 2027. The hub will manage spare parts and products for six of Liebherr's North American product segments.
Electro-Mechanical announced plans to invest $16.55 million to add a 200,000-square-foot facility in Washington County, Virginia, expected to create 109 jobs.
Global Polymer is constructing a 35,000 sq. ft. expansion to its existing 75,000 sq. ft. production facility in Madison, South Dakota, for direct compression molded ultra-high molecular weight polyethylene parts, with a total project cost of $51.1 million, creating 205 jobs.
Fresenius Kabi opened a state-of-the-art free flex IV bag production facility in Wilson, North Carolina in 2024, part of a nearly $1 billion investment. The plant produces millions of IV bags annually.
Nucor Corporation announced plans to invest $280 million to modernize its steel plate mill in Tuscaloosa, Alabama, with a new mill stand to strengthen its ability to serve key market segments.
GAF, a Standards Industries company, plans to build a new $300 million shingle manufacturing facility in Newton, Kansas. The plant will create over 130 jobs and is expected to begin production in 2027, reaching full capacity by mid-2029.
U.S. Water was awarded a three-year contract extension valued at $2.01 million per year for continued water treatment operations, maintenance, customer service, and billing services for the City of North Lauderdale's water utility.
MB Capital, in partnership with GT Capital, acquired General Extrusion Inc. (GEI), an aluminum extrusion company based in Youngstown, Ohio. The acquisition was effective January 1, 2024, and Gilles Teste will become CEO of General Extrusion International.
Airbus Helicopters signed an agreement to acquire Aerovel and its unmanned aerial system Flexrotor, a small tactical VTOL UAS for ISTAR missions.
STAR Turbine, Inc., a portfolio company of Mangrove Equity Partners, has acquired Thor Precision, Inc., a designer and manufacturer of precision components for the power generation industry. Financial details were not disclosed.