Simflo has opened a 35,000-square-foot engineered products facility in Lubbock, Texas, as announced on February 8, 2024.
Cooper Machinery Services, a portfolio company of Arcline Investment Management, announced on February 5, 2024 that it acquired Tucker Valve Seat Company, a Odessa, Texas maker of industrial alloy valve seats founded in 1957.
DXP Enterprises, Inc. completed the acquisition of Kappe Associates, Inc., a Frederick, Maryland distributor and manufacturers' representative of pumps, controls and process equipment for the water and wastewater industry. DXP funded the deal with balance sheet cash; the price was not disclosed.
ITT Inc. signed a three-year agreement to supply API-610 centrifugal pump systems, aftermarket parts and engineered services to ExxonMobil, primarily in North America. The deal has a $50 million minimum commitment and up to $80 million potential value, the largest single contract ever for Goulds Pumps.
A.Y. McDonald plans to expand operations at its existing manufacturing facility in Kieler, Wisconsin, as part of its wider Grant County project.
A.Y. McDonald plans a $340 million project in Grant County, Wisconsin, including a new brass foundry in Dickeyville, scheduled for production in 2026, and expansion at its Kieler plant. The project is expected to create 173 jobs over five years.
Control Devices, a portfolio company of HBM Holdings, has acquired Gilmore, which designs and manufactures severe service valves and pressure relief systems for the upstream oil and gas industry. Terms were not disclosed.
Fairbanks Morse Defense, an Arcline portfolio company, acquired Hunt Valve Company, a maker of naval valves and electromechanical actuators with facilities in Salem, Ohio and Montreal. Financial terms were not disclosed.
GEA began operations at a new 86,000 square-foot fabrication, repair, logistics and training facility in Janesville, Wisconsin, representing about USD 20 million of investment. The site employs over 70 people.
Franklin Electric's subsidiary Headwater Companies acquired substantially all assets of LCA Pump, LLC, which operates Water Works Pump, a groundwater distributor in Springfield, MO. It will operate as a branch of Headwater Wholesale.
Venturi Supply, a pipe, valve and fittings distributor, appointed Michael DiMino, former CEO of Tri Star Industrial, as its chief executive officer. DiMino has over 30 years of experience leading distribution companies.
Trive Capital formed Venturi Supply, a pipe, valve and fittings distributor headquartered in Phoenix, by combining six PVF distribution businesses. Venturi serves customers across 42 facilities in the U.S.
AMETEK Dynamic Fluid Solutions and the former Bison Gear and Engineering Corp. have merged to form Bison, a business of AMETEK, Inc., making fluid-moving and motor drive products such as motors, blowers, pumps and gear motors. Manufacturing is in the US and Mexico with China facilities.
Winsupply Inc. of Dayton, Ohio acquired Milford Companies, a distributor of pipe, valve and fitting and waterworks supplies with five locations in Texas, Oklahoma and New Mexico. Chase Brown will remain president.
Harrington Process Solutions, a US industrial products distributor, acquired PumpMan, a US pump, motor and valve maintenance provider with 11 locations. Financial terms were not disclosed.
Coffin Turbo Pump Inc. acquired JR Engineering and Machining Corporation of Hillsdale, New Jersey, combining pump design, manufacturing and repair services. JRE operations will be consolidated into Englewood, NJ facilities.
Graham Corporation has acquired P3 Technologies LLC of Jupiter, Florida, a custom turbomachinery engineering and manufacturing business for space, new energy and medical markets. P3 develops pumps, compressors, turbines, high-speed rotors and cryogenic pumps.
The U.S. Army Corps of Engineers awarded Unico Mechanical a contract worth more than $9.1 million to refurbish two 216-inch butterfly valves at Fort Peck Dam in Montana, with completion estimated for May 28, 2025.
Avingtrans subsidiary Hayward Tyler Inc. was awarded a multi-phase contract by TerraPower to design and develop sodium pumps for the Natrium reactor demonstration project in Wyoming, starting at about $10 million.
Edwards plans a new dry pump factory at the STAMP park in Genesee County, New York, initially creating about 280 jobs and producing 10,000 dry pumps per year, expandable to 20,000. It is scheduled to be operational in 2025.
The U.S. Army Corps of Engineers awarded Unico Mechanical a contract worth more than $9.1 million to refurbish two 216-inch butterfly valves at the Fort Peck Dam in Montana. Work is estimated to finish May 28, 2025.
CEME Group announced the acquisition of Micropump, a US pump maker headquartered in Vancouver, Washington, to expand its fluid control offering. The announcement was dated 2023-10-19 and no price was given.
Dan Daniel, a KKR Executive Advisor and former Danaher executive, becomes Chair of CIRCOR International as the KKR transaction closes. The change was announced on 2023-10-18.
Investment affiliates of KKR completed their acquisition of CIRCOR International at $56.00 per share, and CIRCOR stock stopped trading on the NYSE. The completion was announced on 2023-10-18.
Viega will build a new manufacturing facility in Shalersville, Ohio, about 40 miles southeast of Cleveland, to make its ProPress and MegaPress metal pipe fittings and valves. The investment is approximately $200 million.
Following the closing of its acquisition by Bain Capital, Harrington Process Solutions appointed Chief Operating Officer Bob Graham as Chief Executive Officer, while former CEO Dave Abercrombie became Vice Chairman.
Bain Capital Private Equity has closed its acquisition of Harrington Process Solutions, a specialty distributor of industrial flow control process solutions based in Chino, California. The deal was announced as completed on October 5, 2023.
ValTek LLC expanded its Odessa, Texas facility across four buildings, adding more than 16 machine tools to double parts manufacturing capacity and cut pump test turnaround times in half. The expansion was reported on October 1, 2023.
PumpMan acquired Flo-Systems, Inc., a family-owned water and wastewater pump service firm serving the St. Louis metro and Southern Illinois, to expand its coverage.
Odessa Pumps, a DNOW subsidiary, entered an exclusive partnership with EagleBurgmann to offer its mechanical seals and supply systems in Texas, New Mexico and parts of Arkansas and Louisiana.
Ford Meter Box announced plans to expand and modernize its existing foundry operations in Wabash, Indiana, including a new 300,000-square-foot foundry in the same city to increase production capacity.
McElroy Manufacturing, a maker of thermoplastic fusion equipment, announced a strategic partnership with Lawrence, Massachusetts-based thermoplastic valve and pipe maker Asahi/America, providing a tool fleet for butt and socket fusion of pipe up to 630 mm plus an online welding certification system expected in early 2024.
Machinery Services Co. and Rapid Pump & Meter Service Co., a Hidden Harbor Capital Partners portfolio company, acquired Delta-Electro Power, which provides maintenance and electrical services for motors and pumps. The deal expands Rapid Pump into Rhode Island and Massachusetts.
Finish Thompson acquired Penguin Pumps, parent of Filter Pump Industries, a 24-person southern California maker of corrosion-resistant pumps, mixers and filter systems. Penguin Pumps will operate as an independent subsidiary.
New York City Environmental Protection awarded Fleet Pump & Service Group a sole-source supply contract worth $2,516,950 for Flygt pumps, control systems and parts for citywide wastewater facilities.
PSG recently completed an $11 million expansion at its Grand Rapids plant, adding 56,000 square feet of manufacturing, office and R&D space.
Private equity firm KKR is set to acquire Circor International, a global pump-and-valve manufacturer, for about $1.7 billion or $56 per share, after outbidding a rival offer from Arcline. The deal is expected to close in Q4 2023, pending regulatory approvals.
Flexaseal Engineered Seals and Systems acquired Sound Seal and Packing of Edmonds, Washington, gaining its ViseSeal product and a Pacific Northwest presence. Deal value was not disclosed.
Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
Clow Valve, part of McWane Inc., began construction to expand its Oskaloosa, Iowa iron foundry with a $75 million investment adding 36,000 square feet. The project replaces manufacturing equipment up to 45 years old and is expected to nearly double production output.
Voigt-Abernathy Sales Corporation completed the asset purchase of Texas Process Equipment Company, a Houston-headquartered distributor of pumps and process equipment serving Texas and Oklahoma.
A.Y. McDonald broke ground on a new brass foundry in Dickeyville, Wisconsin, expected to employ about 150 workers at initial capacity and be fully operational by summer 2026. The cost was described as nine figures but not disclosed.
Relevant Industrial, LLC, a distributor of instrumentation, automation, rotating equipment and valve solutions, announced a formal agreement to acquire Marshall W. Nelson & Associates, Inc., headquartered in Milwaukee, Wisconsin.
Michigan City-based Hitachi Global Air Power US acquired Henry Production Inc., parent of Pumps and Service, in Farmington, New Mexico. Pumps and Service distributes and services Sullair air compressors and pumps, and Henry Production builds gas compression packages.
Curtiss-Wright was awarded contracts worth over $250 million from Bechtel Plant Machinery and General Dynamics Electric Boat to supply propulsion valves, pumps and instrumentation and control systems for US Navy submarine and aircraft carrier programs. Work will run through 2028 at its New York and Pennsylvania facilities.
BBB Industries, a portfolio company of Clearlake Capital Group, has acquired Hydraulex, a Michigan-based remanufacturer and supplier of hydraulic pumps, motors, cylinders and valves. TM Capital acted as exclusive financial advisor to Hydraulex.
The Collins Companies of East Windsor, Connecticut acquired Washburn-Garfield Corporation, a pipe, valves and fittings distributor, and Waites Company of Worcester, Massachusetts, an abrasives and cutting tools distributor. The deal was announced July 18, 2023.
Ford Meter Box announced plans to invest up to $300 million in a 300,000-square-foot brass products facility adjacent to its Wabash headquarters, creating up to 126 jobs by the end of 2027.
Arcline Investment Management proposed a take-private acquisition of Burlington, Massachusetts-based CIRCOR International at $57 per share, above KKR's $51 per share offer. The proposal was announced on June 28, 2023.
FirstElement Fuel will expand its hydrogen refueling station module manufacturing line and high-pressure cryogenic hydrogen pump capacity at 660 E. Dyer in Santa Ana, California, creating 38 jobs. A testing stand will also be installed in Livermore, California.