Seacoast Service Partners, a platform formed by White Wolf Capital Group, acquired Putnam Mechanical Services, an HVAC and refrigeration services provider in Southwest Florida. This is SSP's second acquisition.
Menasha Packaging Company has purchased two Highcon Beam 2 Digital Die Cutting systems for installation at one of its packaging facilities in North America. The systems can process up to 5,000 sheets per hour for folding cartons and corrugated packaging.
Lonestar Forklift acquired CNB Equipment, a materials handling equipment dealer in Corpus Christi, Texas. CNB Equipment will operate as the Corpus Christi branch of Lonestar Forklift effective November 15, 2023.
e-VAC Magnetics, a subsidiary of German Vacuumschmelze, will invest $506 million to build a new facility in Sumter, South Carolina, creating 300 jobs. The plant will produce rare-earth magnets for electric vehicle engines and defense applications, with production starting in 2025.
Integra LifeSciences entered a definitive agreement to acquire Acclarent from Ethicon (Johnson & Johnson) for $275 million in cash at closing plus up to $5 million upon regulatory milestones. Acclarent is an ENT device company headquartered in Irvine, California.
Blue Sage Capital acquired Geo-Solutions, a provider of geotechnical and environmental remediation services, from RAF Industries.
Crossplane Capital acquired Hynes Industries, a maker of roll formed metal parts and assemblies, from Resilience Capital Partners.
Traction Capital, a Minnesota-based private equity firm, acquired Nu-Star (PowerPusher), a maker of material handling solutions.
Xxentria Technology Materials will invest $45 million to establish its first U.S. manufacturing facility in Mount Pleasant, Tennessee, creating 85 jobs. The plant will produce metal composite panels for the automotive industry.
Annapolis Micro Systems has received combined orders worth $61.6 million from two repeat customers for RFSoC and Versal-based solutions for 3U OpenVPX Airborne Electronic Warfare, including FPGA boards, mezzanine cards, switches, and chassis.
Avtrac, a provider of continuing airworthiness management services, has merged with M3 Aviation Group. The combined company will operate under the Avtrac platform, with Marcial Casiano Jr. as Head of Global Asset Management.
Dassault Falcon Jet is expanding its aircraft completion center in Little Rock, Arkansas, creating 800 new jobs to support development and delivery of the Falcon 6X business jet and future programs.
BASF completed a capacity expansion for key specialty amines, including polyetheramines and amine catalysts, at its Geismar, Louisiana site. The expansion increases production of Baxxodur and Lupragen branded products.
EPCOR completed a $21.7 million expansion of the Pecan Water Reclamation Facility in San Tan Valley, Arizona, increasing capacity from 3 MGD to 4 MGD by adding a fourth BNR treatment plant.
AESC announced an $810 million expansion of its battery cell facility in Florence County, South Carolina, creating 450 new jobs. The expansion is expected to be complete by 2026.
BP Energy Partners, a Dallas private equity firm, acquired Odessa American Industrial Machine, a Texas repair and parts firm for compressor and engine equipment, from AAVIN Equity Advisors. FMI Capital Advisors was the exclusive financial advisor.
A&R Bulk-Pak entered a strategic partnership agreement with NOVA portfolio company Harbor Logistics, a transportation, logistics and warehousing provider in Charleston, South Carolina, in tandem with NOVA's acquisition.
NOVA Infrastructure acquired A&R Bulk-Pak, a South Carolina provider of contract packaging, transloading and warehousing for the petrochemical industry. No financial terms were disclosed.
Watts Water Technologies has entered into a definitive agreement to acquire Josam Company, a provider of drainage and plumbing products. The transaction is expected to close in January 2024.
Hidden Harbor Capital Partners recapitalized Teckrez, a Jacksonville, Florida-based provider of tackifier resin and acrylic monomer solutions. The transaction closed on November 30, 2023.
Aetna Group and TopTier Palletizers formed a strategic joint venture to manufacture and sell end-of-line stretch wrapping and packaging solutions in North America, including a U.S.-based facility.
Huizenga Group Automation's portfolio company Bulldog Factory Automation acquired Spectrum Automation Company, a Livonia, Michigan-based designer and manufacturer of specialty parts feeding and material handling systems.
Mobis North America will invest $13.8 million to build a new electric vehicle battery assembly plant in Toledo, Ohio, creating 185 jobs. Construction is underway, with production planned to start in August 2024.
Imbio, a provider of medical imaging analysis for lung and cardiothoracic diseases, entered a binding agreement to be acquired by 4DMedical, a lung function imaging software company.
Tom Barrow Co. acquired R.F. Peck Co., Inc., an HVAC distributor serving New York, Vermont, and Massachusetts. R.F. Peck will continue to operate as an independent brand led by its existing principals.
Collins Aerospace (Goodrich Corp.) in Troy, Ohio, received a $34.65 million contract modification from the Defense Logistics Agency to exercise option periods for B-52 aircraft wheels and brakes. Performance completion date is August 31, 2028.
AAR has added distribution support of select Woodward parts under its Supplier Capability Contract with DLA Aviation, supplying spare parts from Woodward's fuel control product family.
Softing Automotive Electronics, a subsidiary of Softing AG, was commissioned by a North American special vehicle manufacturer to supply a complete diagnostic system package. The contract includes TDX modular system licenses, a 5-year maintenance contract, and hardware, with expected revenue exceeding EUR 3 million over 5 years.
Inpixon announced shareholder approval of proposals related to its merger agreement with XTI Aircraft Company, developer of the TriFan 600 VTOL aircraft. The combined company will operate as XTI Aerospace and is expected to close around year-end 2023.
HMS Networks AB has entered into a binding agreement to acquire Red Lion Controls, a US-based provider of industrial automation solutions, from Spectris Group Holdings for $345 million in cash. The acquisition will significantly expand HMS' presence in North America.
Jabil, a global electronic component manufacturer, acquired Retronix, a provider of re-balling and re-tinning services for printed circuit boards. The financial terms were not disclosed.
German high-tech company VACOM announced it will build a manufacturing facility at the Lewistown Airport in Montana, with an initial investment of $35 million and 200 jobs, later increasing to $50 million and 500 jobs.
Bobcat acquired Doosan Industrial Vehicle (DIV) in 2021 for $4.3 billion, adding forklift and warehouse solutions to its portfolio and gaining manufacturing facilities in South Korea, China, and Germany.
Hyundai Movex secured an $82 million contract to supply smart logistics automation systems for Hankook Tire & Technology's expanding plant in Tennessee, USA. The order includes gantry robots, AGVs, and EMS.
AgroRenew LLC plans to invest $83 million to build a 196,000-square-foot facility in Vincennes, Indiana, to convert watermelon, cantaloupe, and pumpkin waste into biodegradable bioplastics.
Mu-Del Electronics, an Ironwave Technologies company, was awarded a multi-million-dollar production contract for signal processing components on a U.S. Navy surveillance platform.
Woodings Industrial has acquired Superior Machine Co. Financial terms were not disclosed.
GCC has hired ThyssenKrupp Polysius North America to build a 3000t/day clinker production line at its Odessa plant in Texas, expected to more than double clinker capacity to 2Mt/yr by late 2025.
Basin Water Resources has rebranded as Expansa, relocated its headquarters from El Paso to Houston, Texas, and opened a new resin regeneration facility with an initial capital investment of over US$10 million.
Agility Robotics is opening RoboFab, a 70,000-square-foot humanoid robot manufacturing facility in Salem, Oregon, with capacity to produce over 10,000 robots per year and employing more than 500 workers.
WebstaurantStore is acquiring three CVP Impack auto-boxing machines from Sparck Technologies for its new distribution facility in Nashville, Tennessee, to be operational from July 2024.
Airbus is building a third final assembly line at its Mobile, Alabama factory to accelerate A320 production, adding 1,000 jobs by 2025.
Industrial Growth Partners acquired AEM, a designer and manufacturer of fuses and electronic components for aerospace, defense, automotive, and commercial applications. The deal was announced on December 7, 2023.
JTEKT North America is investing $48.4 million to expand its manufacturing operation in Greenville County, South Carolina, adding seven machine lines and two assembly lines to produce front drive shafts. The expansion will create 87 new jobs and is expected to be online in Q3 2025.
Centrisys/CNP will supply 12 CS30-4DT 2-Phase decanter centrifuges to the Metropolitan St. Louis Sewer District's Project Clear solids management upgrade at the Bissell Point and Lemay wastewater treatment facilities. The $900M project will create over 200 jobs.
Materials handling equipment rental group Equipment Depot will use AWS Supply Chain, a cloud-based Amazon application, to help manage its USD22 million parts inventory.
Milepost Power Holdings, an affiliate of Hull Street Energy, has completed the acquisition of EF Oxnard, LLC from Atlantic Power Corporation on December 7, 2023. The deal adds gas-fired generation capacity.
Petrosmith, an oil and gas production equipment manufacturer in Abilene, Texas, will invest $25 million over ten years to expand operations, creating 250 new jobs and retaining 415 existing jobs, supported by a $2.75 million DCOA incentive package.
POSCO International won an order worth about 300 billion won ($229 million) from a major US carmaker to deliver EV reducers from 2024 to 2032. The company also signed a 100 billion won deal to supply power conversion devices for Hyvia's hydrogen fuel-cell cars.
Typenex Medical LLC was awarded a national group purchasing contract with Premier, Inc., effective February 1, 2024. The agreement allows Premier members to access pre-negotiated pricing on histology cassettes, microscope slides and related products.