Rexel USA has closed the acquisition of Utility Supply Group, a supplier of electrical products for RV parks, campgrounds, marinas, and mobile/manufactured home communities. The deal expands Rexel USA into a new customer market.
Heiche Surface Technologies announced plans to open an advanced metals coating facility in Jasper, Alabama, creating at least 73 jobs. Construction is expected to begin in coming weeks, with operations starting by October 2021.
LCI Industries, through its subsidiary Lippert Components, has acquired Veada Industries, a manufacturer of boat seating and marine accessories based in New Paris, Indiana. The acquisition expands LCI's marine seating capabilities.
Major construction has begun on the 32 mgd Big Creek Water Reclamation Facility in Roswell, Georgia, replacing an existing 24 mgd facility. The $300 million project is being undertaken by a joint venture of Archer Western and Brown and Caldwell.
Promess, a Michigan maker of sensing and motion control equipment, bought a 45,000-square-foot facility on Lochlin Drive in Green Oak Township and plans to move its Brighton manufacturing there by end of March, with a $4-5 million investment and about 20 new jobs.
Pedrollo Group S.p.A. agreed to buy a majority stake in Superior Pump, a North American producer and distributor of premium pumps, in a deal advised by Chartwell. The article gives no deal value or location.
Tri-Lift finalized the purchase of Vantage Equipment's material handling group, which was the Cat Lift Trucks and Jungheinrich forklift dealer covering 18 counties in central New York. The acquisition expands Tri-Lift's service territory in the northeastern US.
Bay Ltd has taken delivery of the final unit of 15 new Liebherr all-terrain cranes, ranging from 60 to 600 tonnes, as part of a fleet expansion project. The cranes join Bay's existing fleet of 45 Liebherr cranes.
Samkee Automotive received an order from Hyundai Transys for 8-speed automatic transmission valve bodies. The contract runs from June 2023 to December 2029, with a total value of $246.01 million, and the valve bodies will be supplied to Hyundai Transys' Georgia, USA plant.
The US Navy awarded General Electric a $219.9 million contract modification for 48 F414-GE-400 engines and engine devices supporting F/A-18 Super Hornet production. Work will be performed in Lynn, Massachusetts, Hooksett, New Hampshire, Rutland, Vermont and Madisonville, Kentucky, through August 2023.
The SCHLEIFRING Group, a subsidiary of Wegmann Group, has acquired Electro-Miniatures Corporation (EMC), a manufacturer of slip ring assemblies headquartered in Moonachie, New Jersey. Terms were not disclosed.
SRI International received a sole-source contract with a $90.1 million ceiling from the Defense Logistics Agency for the Advanced Microcircuit Emulation program, developing microcircuits for military applications. Work will be conducted in California and New Jersey through January 31, 2026.
Danfoss Turbocor Compressors announced plans to expand its Tallahassee manufacturing facility by 65,000 to 90,000 square feet on 16 acres, with a multi-million dollar capital investment. The expansion is expected to create 239 new manufacturing and research jobs and break ground in 2021.
Honeywell Aerospace signed a $1.1 billion contract with the U.S. Army for up to five years to support the TIGER program for the M1 Abrams tank's AGT1500 gas turbine engine, including a $125 million parts delivery order.
Briotech finalized its move into a new 82,000 SF corporate office and manufacturing facility in Woodinville, Washington, to increase production of HOCl products and BrioWHISH Network Systems.
Evoqua Water Technologies acquired the industrial water business of Ultrapure & Industrial Services, LLC, based in Houston and Dallas, Texas. Terms were not disclosed.
Huisman has signed a contract with Keppel AmFELS to deliver a 2,200mt leg encircling crane for Dominion Energy's Charybdis, the first Jones Act-compliant wind turbine installation vessel. The crane is scheduled for delivery in 2023.
Jabil Healthcare will invest $38 million to build a 180,000-square-foot facility in East Flat Rock, North Carolina, to produce plastics for the pharmaceutical industry. The project is expected to create 150 jobs by 2025 and begin operations in 2022.
Danfoss Turbocor has announced a multi-million dollar expansion of its Tallahassee manufacturing facility, adding a 65,000-90,000 square-foot facility on 16 acres, expected to create 239 new jobs. Construction is planned to break ground in 2021.
Danfoss Turbocor Compressors will add a new 65,000 to 90,000 square-foot manufacturing and R&D facility at Innovation Park in Tallahassee, Florida. The $48 million project is expected to create about 239 high-wage jobs.
An Apollo-led consortium and institutional investors will acquire a 49.9% stake in AB InBev's US-based metal container plants for approximately $3 billion. AB InBev keeps operational control and will sign a long-term supply agreement.
Ball Corporation will build a new aluminum beverage packaging plant in Jenkins Township near Pittston, Pennsylvania, investing more than $300 million over multiple years and creating about 230 jobs. Production is scheduled to start in mid-2021.
Presco Polymers Opco, Inc. acquired William Frick & Company, a designer and manufacturer of specialty labeling and marking products. The acquisition closed on December 22, 2020. Terms were not disclosed.
EEW American Offshore Structures will invest $250 million to build a manufacturing plant for wind turbine towers at the Paulsboro Marine Terminal in New Jersey. The plant will create 500 jobs and initially supply Ørsted.
AerSale Corp., backed by Leonard Green & Partners, has completed its business combination with Monocle Acquisition Corp., a SPAC. The combined company will trade on Nasdaq under the ticker 'ASLE' starting December 23, 2020.
Jet Parts Engineering, a portfolio company of Vance Street Capital, has acquired AeroSpares, a designer of proprietary aftermarket replacement components for commercial and cargo aerospace. The acquisition adds over 30 PMA parts to JPE's catalogue.
Barron Industries has installed a Doosan DVF 5000 vertical 5-axis machining center and a FARO Quantum S 7-axis laser probe scanner at its facility in Michigan to enhance production of complex aluminum aerospace components.
Southern HVAC Corporation has acquired Cunningham Associates Heating & Air Conditioning, marking its eighth transaction and first location in Georgia.
Cobham Advanced Electronic Solutions (CAES) received a $48 million contract to supply Application Specific Integrated Circuits (ASICs) and product support for the medical imaging industry.
Honeywell announced the acquisition of Sparta Systems from New Mountain Capital for $1.3 billion in an all-cash transaction. Sparta provides quality management software.
Sunvair Aerospace Group, a portfolio company of Blue Sea Capital, acquired Mingo Aerospace, a provider of component repair services for aircraft cargo loading systems and thermal spray coatings. The acquisition aims to expand Sunvair's capabilities and customer base.
Blue Star Power Systems moved into a new $13 million, 85,000-square-foot facility in North Mankato, Minnesota, for manufacturing diesel and gaseous generators, employing nearly 100 people.
Ouster, a lidar sensor provider, entered a definitive merger agreement with Colonnade Acquisition Corp. The transaction is expected to provide up to $300 million in gross proceeds, with a pro forma implied enterprise value of ~$1.6 billion and fully diluted equity value of ~$1.9 billion.
Nippon Steel and ArcelorMittal executed a definitive agreement to build a 1.5 million metric ton/year electric arc furnace at their joint venture AM/NS Calvert in Calvert, Alabama. The investment is approximately $775 million, with operation scheduled to start in the first half of 2023.
Nippon Steel and ArcelorMittal agreed to jointly concentrate resources on AM/NS Calvert in Alabama, planning to construct an electric arc furnace and related facilities with capital expenditures of approximately $750 million.
Nippon Steel and ArcelorMittal executed a definitive agreement to build an electric arc furnace at AM/NS Calvert in Calvert, Alabama, with an investment of approximately $775 million and capacity of 1.5 million metric tons per year, scheduled to start operation in the first half of 2023.
The Department of Defense awarded a $2.5 million contract to Hollingsworth & Vose to increase domestic production capacity of filter media to 100 million mask equivalents per year in Floyd, VA by October 2021.
A.Y. McDonald acquired Val-Matic Valve & Mfg. Corporation of Elmhurst, Illinois on December 31, 2020.
Anvil and Smith-Cooper International, a Tailwind Capital portfolio company, acquired the ABZ and Quadrant Valve brands from parent Forum Energy Technologies.
American Fuji Seal plans a 260,000 sq ft shrink sleeve label plant in Hickory, North Carolina, investing at least $52 million and creating 101 jobs over five years.
Freestone Partners, LLC acquired the assets of Warfab Industries, Inc., a provider of heavy industrial repair and maintenance services for mining and other sectors. The acquisition was announced on December 21, 2020.
Colorbiotics, a manufacturer of mulch colorants and coatings, expanded its Ames, Iowa facility with a new addition designed and built by Story Construction. The addition provides space for a plastic recycling process, an asphalt additive line, and raw materials warehouse.
An affiliate of Core Industrial Partners, Incodema Holdings LLC, acquired Dahlquist Machine, Inc., a provider of precision machined components for medical and instrumentation end markets, headquartered in Ham Lake, Minnesota.
The US Navy awarded L3Harris Technologies a $496 million contract to develop and build the Next Generation Jammer-Low Band (NGJ-LB) program for EA-18G Growlers, replacing the legacy ALQ-99 tactical jammer.
DXP Enterprises completed the acquisitions of Total Equipment Company, APO Pumps & Compressors with Corporate Equipment Company, and Pumping Solutions, Inc. Financial terms were not disclosed, and the targets had about $114 million in sales for the 11 months ended Nov. 30, 2020.
Diversified CPC International completed Phase I of its new Beaumont, Texas plant at Iron Horse Terminals, which began commercial operation in late November 2020. The company invested $10 million in Phase I.
Schlumberger's OneSubsea ordered 20,000 psi-rated subsea junction plates and connection hardware from Oceaneering for Chevron's Anchor field in the U.S. Gulf of Mexico. A portion of the order has already been delivered.
The U.S. Army Contracting Command has awarded a $4.6 billion contract to General Dynamics Land Systems for production of the M1A2 Systems Engineering Plan version 3 (SEPv3) main battle tanks, with an estimated completion date of June 17, 2028.
Lockheed Martin has entered into a definitive agreement to acquire Aerojet Rocketdyne Holdings in an all-cash transaction with a total equity value of $5.0 billion. The deal is expected to close in the second half of 2021.
Danfoss joined Carrier's Alliance programme by signing a strategic long-term agreement to supply multiple components including compressors, valves, heat exchangers and drives across Carrier's HVAC and refrigeration portfolios.