Orion Group, a commercial facility services business, acquired Marick, Inc., a leading commercial refrigeration and HVAC service company based in Des Moines, Iowa. PCE Investment Bankers served as exclusive advisor to Marick.
AZZ Precoat Metals announced it will build a new aluminum coil coating facility in Washington, Missouri, investing nearly $110 million and creating more than 80 new jobs. The facility is expected to be operational in 2025.
Envirosep is expanding its Georgetown, South Carolina manufacturing complex with a new 100,000 sq. ft., 4-story building addition, representing an $18 million investment and creating 80-100 new jobs. The expansion increases capacity for modular central plants and skidded mechanical systems.
Fischer Panda GmbH acquired its longtime US distributor and licensee Fischer Panda Generators LLC, based in Florida. The acquisition closed on October 31, 2022, and strengthens Fischer Panda's position in the US market.
ebm-papst opened a new manufacturing plant in Telford, Tennessee to produce energy-efficient fans and motors for the air conditioning and refrigeration market. The plant broke ground one year ago and held its grand opening on November 10, 2022, with 125 employees and plans to grow to 200.
Investor Blue Ridge Capital acquired North Miami Beach, Florida-based interlocking concrete paver producer Artistic Paver Manufacturing Inc. Dan Essig transitions to advisor, and Matthew Wayman, formerly of Forterra, becomes president and CEO.
Bettcher Industries, a KKR portfolio company, completed the acquisition of Frontmatec, a global manufacturer of automated solutions for pork and beef processing. The acquisition was announced on November 10, 2022.
Michigan Automotive Compressor (MACI), a Toyota Industries and DENSO joint venture, plans a $82 million investment to install new production processes at its Parma facility to produce electric vehicle technology products, retaining 241 jobs.
Sappi will invest about $418 million to convert the No. 2 paper machine at its Somerset Mill in Skowhegan, Maine to produce solid bleached sulphate board, nearly doubling machine capacity to 470,000 tons per year by early 2025.
Kohler Power Systems completed a 155,000 sq ft expansion of its generator manufacturing facility in Mosel, Wisconsin, including a customer experience center, to support growth in data centers and healthcare.
Converting Technology, Inc. and Converting Technology Engraving, Inc. were acquired by DFC Manufacturing Group, LLC. Terms were not disclosed. CTI/CTE operations will continue at their facilities in Elk Grove Village, IL and Greensboro, NC.
Contract manufacturer Dynamic Blending announced a manufacturing facility expansion in Vineyard, Utah, increasing square footage from 83,000 to 133,000 and doubling product lines from 6 to 14. The expansion includes a white room, quality control lab, and new robotic equipment.
Continental AG received a €1.5 billion contract from a North American car maker for series production of semi-dry brake systems and integrated automotive air supply systems. Series production is expected to start in 2025.
TJM Electronics will merge with its affiliate company ThermOmegaTech, effective January 1, 2023. TJM will operate as ThermOmegaTech's electronics division.
Dr. Schär USA, Inc. celebrated the expansion of its manufacturing facility in Logan Township, New Jersey, with an $18 million investment that doubled production capacity.
Hitachi Zosen Inova USA LLC (HZI USA) will invest $6.6 million to expand operations at its Knoxville, Tennessee-based North American headquarters, creating 90 new jobs.
Jacobs and Palantir announced an agreement to expand their partnership, deploying a data solution suite at a dozen Jacobs-operated facilities including the Agua Nueva WWTP in Pima County, Arizona. The solutions optimize operations and maintenance for water and wastewater treatment plants.
Airedale, part of Modine Manufacturing Company, officially opened a new production facility in Rockbridge, Virginia, to manufacture cooling solutions for the data center market. The plant was repurposed from a warehouse and has already shipped its first chillers.
Hexagon Agility received a new order from Xpress Natural Gas (XNG) to deliver Mobile Pipeline modules for transporting clean and renewable natural gas. The order is valued at USD 14.8 million.
TSMC is constructing a building that could serve as its second chip factory in Arizona, expanding its presence in the United States.
Valmet acquired NovaTech Automation's Process Solutions business, which specializes in process control and optimization solutions. The terms of the transaction were not disclosed.
The Boeing Co. received a $13,254,327 firm-fixed-price order to procure spares for Harpoon Weapon System sustainment for Foreign Military Sales customers. Work will be performed at multiple U.S. locations and is expected to be completed by October 2025.
Albemarle Corporation announced plans to invest up to $540 million to expand and modernize two bromine facilities in Magnolia, Arkansas, to meet growing demand for fire safety and specialty products.
INVISTA held a groundbreaking ceremony for a new 90,000-square-foot nylon polymer facility at its Camden, South Carolina site, part of a $64 million investment to enhance polymer and CORDURA fiber spinning production.
WestRock agreed to sell its uncoated recycled paperboard mills in Eaton, Indiana, and Aurora, Illinois, to Ox Industries for $50 million, with closing expected in late 2022 or early 2023.
Flow Beverage Corp. agreed to sell its Verona, Virginia production facility to sports drink maker BioSteel for a deal valued at $19.5 million, with BioSteel becoming a co-packing partner.
Greif agreed to buy Lee Container Corporation, a North American blow-molded jerrycan maker with three US plants, for $300 million in cash. Closing is expected by the end of 2022, subject to regulatory clearances.
Sonoco agreed to buy WestRock's remaining equity in the RTS Packaging joint venture, plus a WestRock paper mill in Chattanooga, Tennessee, for $330 million in cash. About 1,100 employees will join Sonoco; closing is expected in the first half of 2023.
Astara Capital Partners made an investment in Del-Air Heating, Air Conditioning & Refrigeration, a provider of HVAC and home services in Florida, on November 8, 2022.
Foxconn is increasing its investment in Lordstown Motors by $170 million, adding to the $230 million factory purchase and $50 million stock investment. The investment supports the joint venture to produce the Endurance electric pickup truck.
Cummins Inc. has been awarded a $20.5 million contract by the U.S. Department of Defense to develop, manufacture, test, and produce 500 kW generator sets for the Large Tactical Power System program. Work will be performed at Cummins' Power Generation headquarters in Minnesota.
Qarbon Aerospace reached an agreement with Virgin Galactic to manufacture and assemble wing and fuselage structures for the Delta class spaceship. The contract covers major structural sub-assemblies.
Argan Inc.'s subsidiary Gemma Power Systems received full notice to proceed on an EPC services contract with Clean Energy Future-Trumbull LLC for the Trumbull Energy Center, a 950 MW natural gas-fired power plant in Lordstown, Ohio. Gemma has commenced project activities.
Wingate Alloys, Inc. was awarded a $54,298 contract by the US Department of Defense to supply various steel metal material for cannon production at Watervliet, New York.
The city of Owatonna, Minnesota, approved an additional $250,000 for the $55 million expansion of its wastewater treatment facility, specifically for membrane bioreactors from SUEZ Water Technologies and Solutions.
Stillwell opened a new steel fabrication plant in Cleburne, Texas, to manufacture dump trailer hoists and expand hydraulic cylinder manufacturing. The property was acquired in June 2022 and operations began in December 2021.
Roanoke Cement Company held a groundbreaking for a $40 million storage dome at its Chesapeake Terminal in Virginia, adding 70,000 tons of capacity and tripling existing storage. The expansion will also add 10 permanent jobs and support low-carbon cement distribution.
LANXESS plans to expand production capacity for Oxone monopersulfate at its Memphis, USA facility by about 50%, with an investment in the lower double-digit million euro range. Completion is expected in the second half of 2022.
LANXESS reached an understanding with Standard Lithium to supply lithium-rich brine and lease land for a production facility at its El Dorado, Arkansas site, contingent on Standard Lithium's industrial production of battery-grade lithium.
PCX Aerosystems completed the acquisition of Timken Aerospace Drive Systems (ADS) in Manchester, Connecticut, expanding its capabilities in aerospace transmission assemblies, gearboxes, and flight critical components.
The San Francisco Public Utilities Commission has selected Cambi to supply three thermal hydrolysis systems for the Biosolids Digester Facilities Project at the Southeast Treatment Plant in San Francisco. The contract is valued as part of a $3 billion upgrade program.
Indra signed a binding agreement to acquire the Air Traffic Management line of business from Selex ES Inc (Leonardo Group), including navaids manufacturing, to enter the US market and consolidate global leadership.
Summit Carbon Solutions placed orders for approximately $440 million of carbon steel line pipe from four American companies, including AMERICAN Steel Pipe, for its carbon capture and storage pipeline project. Construction is on track to begin in 2023 and operations in 2024.
Joon Georgia, Inc., an automotive parts manufacturer and supplier to Hyundai Motor Group, will invest $317 million to build a new manufacturing facility in Bulloch County, Georgia, creating 630 jobs. Operations are expected to begin in mid-2024.
APO Pumps & Compressors, an Ohio compressed air and pump sales and service firm, acquired PAPSCO, an Ohio-based distributor of filtration and separation equipment for process fluids and water treatment. The deal was advised by Copper Run.
Rheem announced a $20 million expansion of its Fort Smith plant, adding 100 jobs and production capacity, along with a training and innovation center.
GEA began construction of a 85,000 square foot repair, logistics, assembly, production and training facility in Janesville, Wisconsin. The investment is about USD 20 million, over 70 jobs are expected, and opening is scheduled for late 2023.
Saint-Gobain held a groundbreaking ceremony on November 4, 2022, for a new $167 million glass mat facility at its CertainTeed Roofing campus in Oxford, North Carolina. The facility will produce glass mat for roofing shingles and is the company's largest U.S. roofing investment.
TPI Composites has signed an agreement with GE Renewable Energy to secure a 10-year lease extension of its Newton, Iowa facility for wind turbine blade production, with production expected to start in 2024.
Modine Manufacturing converted a warehouse in Lexington, Virginia into a full-scale production facility for data center chillers, investing $13 million by the end of the fiscal year. The expansion created about 60 new jobs, growing from 10 to nearly 70 employees.