Resolute Industrial, a Wheeling, Illinois-based HVAC and compressor equipment rental company backed by One Equity Partners, completed its acquisition of Detroit-based Tioga HVAC Rentals. Terms were not disclosed.
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.
Georgia-Pacific Corrugated acquired Ohio-based PAX Corrugated Products, which operates a corrugated sheet plant with more than 100 employees in Lebanon, Ohio. Terms were not disclosed.
ALTEN Group announced the acquisition of Syncroness, Inc., a Colorado-based engineering services and product development company. The acquisition allows ALTEN to grow its USA operations and expand its product offering internationally.
OMRON Corporation announced it has entered into an agreement to acquire Microscan Systems, Inc., a US-based industrial code reader company, from Spectris plc. The acquisition is scheduled to close in early October 2017.
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.
Prodea Systems, Inc. announced it has acquired Arrayent Inc., forming the world's first carrier-grade IoT services platform. Terms were not disclosed.
PEER Bearing Company will assume responsibility of all industrial business from General Bearing Corporation (GBC), while GBC will take over PEER's automotive business. The transfer, effective October 2, 2017, aligns resources within the SKF Group.
Carolina Container, a subsidiary of New-Indy Containerboard, acquired Dixie Reel & Box Company, a corrugated packaging manufacturer based in Charlotte, North Carolina. Terms were not disclosed.
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.
Motion Industries has entered into a definitive agreement to acquire Numatic Engineering, a Los Angeles-based seller of collaborative robot technology and automation components. The transaction will close on August 1, 2017.
JPW Industries, a Tenex Capital Management portfolio company, has reached an agreement to be acquired by funds managed by Gamut Capital Management. The transaction is expected to close by year-end 2017.
Spirax-Sarco Engineering agreed to acquire US-based thermal technologies company Chromalox from Irving Place Capital for a cash-free, debt-free consideration of US$415 million.
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.
Singapore Technologies Engineering Ltd (ST Engineering) announced that its subsidiary Vision Technologies Land Systems, Inc. has entered into a definitive agreement to acquire 100% interest in Aethon, Inc., a provider of autonomous mobile robots, for an enterprise value of US$36 million. The acquisition will be merged with VT Robotics and become part of ST Kinetics.
BorgWarner agreed to acquire Sevcon, Inc. in a transaction with an enterprise value of approximately $200 million, subject to Sevcon shareholder approval and competition clearance.
Rengo's subsidiary Triwall Corporation established a joint venture company, TW Michigan Corporation, in Michigan, USA, to manufacture and sell heavy-duty packaging materials. The announcement was made on 14 July 2017.
WestRock completed the acquisition of five corrugated cardboard plants in Ohio, Pennsylvania and Louisiana from U.S. Corrugated for $192 million in cash and common shares. WestRock also secured about 50 thousand tons of supply through a long-term contract.
AWISCO has acquired Nyrock Machine & Tool Corp in a deal combining two New York-based companies. Nyrock Machine will operate as a division of AWISCO, offering industrial gases and supplies, and metal fabricating tooling and equipment.
Revere Packaging Holdings purchased custom tray and container maker Plastic Package for an undisclosed sum. The combined company will be headquartered in Shelbyville, Kentucky.
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.
Bunting Magnetics Co. has signed an agreement to acquire Global Magnetics, Inc., a Florida-based distributor of magnetic systems and mineral separation equipment built by Master Magnets Ltd. This follows Bunting's acquisition of Master Magnets in January 2017.
Hitachi published a notice setting the transfer execution date for its acquisition of a U.S.-based air compressor manufacturer. The article gives no target name, value or closing details.
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.
Henkel completed its acquisition of the global Darex Packaging Technologies business, based in Massachusetts, for $1.05bn on a cash and debt-free basis. Darex makes sealants, coatings and cans for the metal packaging industry.
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.
AK Steel has announced the acquisition of Precision Partners Holding Co. for $360 million in cash. Precision Partners specializes in tooling, die making, and stamping of automotive components.
NCI Inc is to be acquired by H.I.G. Capital, LLC for approximately $283 million ($20.00 per share). NCI will become a privately held company.
Mittler Bros. Machine & Tool purchased and acquired Cellular Concepts (CellCon) of Detroit, MI. CellCon will relocate operations to Mittler Bros.' facility in Wright City, MO, and continue operating under the CellCon name.
Ensign-Bickford Industries, Inc. (EBI) announced it has closed on the acquisition of Honeybee Robotics, Ltd., headquartered in Brooklyn, New York. Honeybee Robotics will become a fourth business within the EBI family, supporting space and defense markets.
UK-listed DS Smith signed a conditional agreement to acquire 80% of US corrugated packaging business Interstate Resources from Merpas for $920 million, assuming about $226 million of debt.
Meyer Industries Inc. was acquired by Precision Inc. to better serve Meyer Industries' customer base with a larger platform of research, engineering and manufacturing resources.
TTS Tooltechnic Systems, parent of Festool, acquired SawStop LLC. The deal is expected to close in July 2017, with SawStop's management continuing to operate from Oregon.
Sonoco agreed to buy 100 percent of Clear Lam Packaging, a family-held maker of high barrier flexible and forming plastic films, for about $170 million in cash. Clear Lam operates in Elk Grove Village, Illinois and Nanjing, China, and closing is expected in Q3 2017.
Golden West Packaging Group bought four independent packaging companies in Northern California, Heritage Solutions, Capital Corrugated, PackageOne and Packaging Innovators Corporation, plus their co-owned sheet feeder Cal Sheets, for an undisclosed value.
Carrier Enterprise, a Watsco-Carrier joint venture, acquired a 35% ownership stake in Russell Sigler, Inc., a western U.S. HVAC distributor with about $650 million in annual sales, for approximately $63.6 million in cash.
First Reserve agreed to acquire the integrity maintenance platform of EMS USA, Inc., a provider of pipeline integrity, maintenance and repair services for midstream and downstream energy customers.
Enerflex agreed to acquire the compression business of Mesa Compression, LLC in the United States for $106 million in cash, adding a fleet of about 112,000 hp in the Permian and Scoop/Stack basins.
RIX Industries, a Benicia, California compressor maker, announced it acquired Qdrive, a subsidiary of Chart Industries, including its assets and IP to expand RIX's cryogenics business. The announcement is dated June 16, 2017.
PDQ Workholding LLC was acquired by Walter, a division of Sandvik Machining Solutions, in June 2024. The acquisition aims to strengthen PDQ's ability to provide turnkey projects with access to premium cutting tools.
Kirby Corporation signed a definitive agreement to acquire substantially all assets of Stewart & Stevenson for about $710 million before adjustments. Funding is half credit facility and half Kirby stock, with closing expected in the third quarter of 2017.
WestRock completed its acquisition of US-based Multi Packaging Solutions International (MPS) for $2.28bn, after receiving all regulatory approvals. WestRock paid $18 per share in cash and assumed about $873m in net debt.
Gardner Denver Holdings has acquired Sidney, Ohio-based LeROI Compressors for about $20 million in cash. LeROI makes gas compression equipment for vapor recovery and biogas, and has 80 employees.
Parker Hannifin has acquired Erie, Pennsylvania-based Snap-tite, a maker of high pressure fluid power components for oil and gas and industrial markets.
inTEST Corporation, a designer and manufacturer of thermal management products and semiconductor ATE interface solutions, has acquired Ambrell Corporation. Ambrell will operate as a wholly-owned subsidiary of inTEST.
Champion Container acquired Jachts Columbia Can, a Paterson, New Jersey distributor of packaging containers founded in 1987. The deal was completed in June 2017.
Exotic Automation & Supply, a Michigan fluid power distributor, acquired Sidener Engineering, a Noblesville, Indiana fluid power and safety products distributor; Amherst Partners advised the buyer.
Spirax-Sarco Engineering agreed to buy Pittsburgh-based thermal technology company Chromalox from Irving Place Capital for $415 million on a cash-free, debt-free basis, financed by new bank debt. Chromalox has five manufacturing facilities across North America, France and China.