MEYER announced the acquisition of Texas West BOP (TWBOP), headquartered in Odessa, Texas, adding service locations in US shale basins. The announcement was made on December 17, 2019.
ELGi Equipments received approval to acquire 100 percent of Michigan Air Solutions LLC, a Michigan-based air compressor distributor, through its US subsidiary. The total consideration is around US$6 million.
Cascades Inc. is exercising its option to buy the 20.2% interest held by CDPQ in Greenpac Holding LLC, a lightweight containerboard mill in Niagara Falls, New York, for about $93 million. The deal is expected to close January 3, 2020, raising Cascades' stake to 86.3%.
Spicers Paper, a division of Central National Gottesman, acquired Kilmer, Wagner & Wise Paper Company, a Garden Grove, California distributor of corrugated products, stretch film and industrial packaging. Financial terms were not disclosed.
Movement Industries Corp. completed its acquisition of SGX Industrial LLC, gaining IoT monitoring technology, flow control patents and about $300,000 of inventory. The purchase price is Series B preferred shares plus assumption of a $300,000 promissory note.
Winsupply Inc. bought Industrial Equipment & Parts, a Plymouth, Minnesota distributor of heavy industrial pumps serving pulp, paper and ethanol customers. Terms were not disclosed.
TC Transcontinental agreed to sell its paper and woven polypropylene packaging operations to Hood Packaging Corporation for US$180 million, subject to working capital adjustments. Closing is expected in the first quarter of fiscal 2020.
Wilo USA, through a new subsidiary, acquired the assets of American-Marsh Pumps (J-Line Pump Co.) in Collierville, Tennessee, announced on November 26, 2019. The company employs 55 people and makes centrifugal pumps, vertical turbines and fire protection equipment.
Trelleborg signed an agreement to acquire US-based TriTec Seals, a maker of engineered PTFE sealing solutions for automotive and other industries, through its Sealing Solutions business area. Completion is expected before the end of December 2019.
Green Bay Packaging Inc. became a minority owner of CompanyBox, a Charlotte-based web-to-print packaging company, effective November 22, 2019. CompanyBox will continue under the leadership of Louie DeJesus.
NIBCO has announced its acquisition of Milwaukee Valve, a producer of valves for commercial, industrial and marine markets, which will operate as a wholly-owned subsidiary with no operational changes.
Sonoco signed a definitive agreement to acquire Thermoform Engineered Quality (TEQ) from ESCO Technologies for approximately $187 million in cash. TEQ makes thermoformed packaging for healthcare, medical device and consumer markets, with facilities in the US, UK and Poland.
Refresco acquired AZPACK, a contract manufacturer of bottles and containers for the food and beverage industry headquartered in Tempe, Arizona, on November 14, 2019. Terms were not disclosed.
JB Industries, an Aurora, Illinois maker of HVAC/R tools, has completed its acquisition of C&D Valve of Oklahoma City, Oklahoma. Both brands will continue to operate independently.
Shorehill Capital acquired an ownership interest in Triad Technologies, a Vandalia, Ohio distributor of industrial fluid power and automation products, alongside management and the Wissman family; terms were not disclosed.
Fluid power distributor SunSource joined forces with The Hope Group, a Northborough, Massachusetts distributor of hydraulics and pneumatics, as announced in a letter to customers and vendors on November 5, 2019; the deal was announced internally on October 31, 2019.
Hunt Valve Company, a May River Capital portfolio company, completed its acquisition of Pima Valve, a maker of severe-duty bronze marine valves in Chandler, Arizona, announced November 5, 2019.
Canadian packaging firm GELPAC acquired WBC Extrusion Products of Haverhill, Massachusetts, a maker of single-use blown polymer films, as announced by advisor Woodbridge International. The deal strengthens GELPAC's North American position.
Kaman Corporation agreed to acquire Bal Seal Engineering, a maker of precision springs, seals and contacts, for $330 million in cash. Bal Seal expects about $95 million in revenue for 2019.
Johnson Controls announced it acquired Synchrony, a Roanoke, Virginia developer of active magnetic bearing technology, from Siemens Gas and Power. The deal closed November 1, 2019 and will improve its centrifugal chiller products.
Sabert Corporation agreed to acquire LBP Manufacturing LLC, a Chicago-based maker of paper-based foodservice packaging with plants in the U.S., Poland and China. Sabert's annual sales will exceed $900 million after the deal.
Family-owned Metropolitan Industries of Illinois acquired Emmons Pump & Control, which was renamed Emmons Metro LLC as of August 27, 2019, in Albany, New York. The deal was publicized on October 23, 2019.
Atlas Copco Compressors LLC acquired the assets of California distributors Accurate Air Engineering and Compressed Air of California, which will become factory direct branches across five locations from San Diego to Sacramento. More than 50 staff join Atlas Copco.
Inovar Packaging Group has completed its acquisition of Flexo-Graphics, a label and flexible packaging maker in Butler, Wisconsin, in partnership with management. It is Inovar's first Midwest platform company.
The Carlyle Group and Stellex Capital Management have closed their acquisition of Vigor Industrial and MHI Holdings, which serve the U.S. Navy and commercial shipping. No financial terms were disclosed.
Vernet Group, a portfolio company of Stirling Square Capital Partners, acquired Rostra Vernatherm, a portfolio company of Nikel Holdings and Valencia Capital, for an undisclosed amount. Rostra makes thermal control products for aerospace and defense, automotive and general industrial markets and will be renamed Vernatherm by Vernet.
Matholding Group acquired 51 percent of U.S.-based OCV Control Valves LLC, adding valves for fueling transfer and aviation markets to its portfolio.
Engineered Specialty Products (ESP) announced the acquisition of Weksler Glass Thermometer Corporation (WGTC), a provider of industrial and bimetal thermometers for the HVAC market, mainly in the Eastern U.S.
Private investment firm Graham Partners acquired VPET Plastics, a PET packaging producer headquartered in Fontana, California, announced to customers on October 2, 2019.
Winpak Ltd. signed a definitive agreement to acquire the net assets and building of Control Group in Norwood, New Jersey, for US$42.2 million, funded from cash on hand.
Novolex, a Carlyle portfolio company, acquired Zenith Specialty Bag, a specialty paper food packaging producer headquartered in City of Industry, California, effective October 1, 2019.
NIBCO agreed to acquire the entire Milwaukee Valve Company, including its products, facilities and assets, with the deal expected to close in the fourth quarter of 2019 pending regulatory approvals. Terms are confidential.
Ohio Transmission Corporation, an industrial equipment distributor in Columbus, Ohio, has acquired Pumps, Parts and Service Inc., a Charlotte, North Carolina pump and repair distributor serving the Southeast. PP&S will become a division of OTP Industrial Solutions.
The John H. Carter Company acquired Process Pumps & Equipment and its affiliate LA Machine & Design, which will operate from existing facilities in Geismar and Shreveport, Louisiana, expanding its pump group offerings. The deal was announced on September 13, 2019.
KCM Capital has acquired Mobile, Alabama-based Industrial Valve Sales & Services LLC, a provider of specialty valve services and products, with financing from PNC Mezzanine Capital, Five Points Capital and Hancock Capital Management. Financial terms were not disclosed.
Envases USA, a subsidiary of Mexico's Envases Universales Group, acquired Merrimack Valley Plastics of Methuen, Massachusetts, a PET bottle manufacturer. The former owners will remain with the company in their current roles.
Elliott Group merged Ebara International Corporation, based in Sparks, Nevada, with its operations in Jeannette, Pennsylvania. The transaction was listed in the Q2 2019 pump M&A review.
The Massman Companies has acquired DTM Packaging and Custom Automation, a manufacturer and remanufacturer of bottling, packaging and custom automation equipment, adding it to its group of machinery companies.
Airtech Inc. acquired Champion Valves Inc. and Valve & Pump Specialties Inc. in early September 2019 to complement its US Valve subsidiary. Champion, based in Wilmington, North Carolina, makes industrial check and butterfly valves.
Sunbelt Supply, a Clearlake Capital-backed flow control provider, acquired Severe Service Specialists (Triple S), a provider of valves and services based in Trussville, Alabama. Terms were not disclosed.
PLZ Aeroscience Corporation, backed by Pritzker Private Capital, acquired Fall River, Massachusetts-based Precise Packaging, a maker of aerosol and liquid products, from Trive Capital. No financial terms were disclosed.
IMI plc announced the proposed acquisition of PBM Inc., a manufacturer of industrial valves and flow control products based in Irwin, Pennsylvania, for an enterprise value of $85 million. Closing is expected within two months.
Russel Metals announced an agreement to acquire City Pipe & Supply Corp., a supplier of pipe, valves and fittings to oil and gas companies in Texas and New Mexico. The announcement was made on August 19, 2019.
Hood Container's division Stronghaven acquired the corrugated packaging business of Progressive Packaging Inc., covering design, manufacturing and fulfillment operations in Simpsonville and Early Branch, South Carolina.
Champion Valves Inc. has been acquired by US Valve LLC, a division of Airtech USA. Champion Valves will continue operating under its own name, with Steve Lovell taking over responsibility.
Metropolitan Industries acquired Emmons Metro LLC (formerly Emmons Pump & Control), a supplier of pumps, equipment and controls based in Albany, New York, in August 2019.
Danfoss has closed its acquisition of all outstanding shares of UQM Technologies, a Longmont, Colorado developer of motors and inverters up to 250 kW. The deal adds North American electrification capacity to Danfoss's on-highway offering.
Danfoss Power Solutions completed its merger with UQM Technologies, a Longmont, Colorado developer of electric motors, generators and power electronic controllers. Shareholders were paid $1.71 per share, and the deal adds North American manufacturing capacity to Danfoss.
Arsenal Capital Partners of New York agreed to buy the controlling interest in Little Rock-based Revolution, a plastics bag and recycling maker with over 800 employees and plants in Arkansas, California and Texas. The price was not disclosed. Arsenal plans to fund new collection, washing and recycling plants.
Ovation Holdings, Inc. announced the acquisition of Valve Sales, Inc. (VSI), an Oklahoma City-based supplier of valves, actuators and flow control products to oil and gas producers in Oklahoma, Texas and New Mexico. The acquisition took effect July 15, 2019.