Continuim Equity Partners, with Ronald Mumbray, has acquired Fluid Sealing International and Anchor Seals, forming Anchor Holding Group, a Coraopolis, Pennsylvania maker of seals, gaskets and pumps. It is the first of Continuim's planned fluid control acquisitions.
Graycliff Partners provided subordinated debt financing for Rox Capital's acquisition of Neil Technical Services and its merger with Scruggs Company in Texas, creating a regional pump, motor and valve service provider in Houston.
Sulzer Pump Solutions Inc. announced a $5.3 million investment to expand its Easley, South Carolina manufacturing operations at 155 Ahlstrom Way to support new product lines, creating 25 new jobs.
Motion & Control Enterprises (MCE) acquired Power & Pumps, Inc., a Jacksonville, Florida distributor of pumps, drives, blowers and power transmission products serving Florida and Georgia.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
Asahi/America opened its newly constructed 59,000-square-foot fabrication facility in Paulina, Louisiana, for large-scale thermoplastic pre-fabrication. The facility operates as Asahi/America - PPI and was celebrated with a grand opening on June 1, 2023.
Sulzer Pumps Solutions, a subsidiary of Swiss Sulzer Ltd, will invest $5.3 million to expand its manufacturing operations at its Easley plant on Ahlstrom Way in Pickens County, South Carolina, to add new product lines and create 25 jobs.
AD, a buying group for independent distributors, announced an intent to merge with The Baron Group, a buying group serving groundwater, well and pump distributors, with closing expected June 30, 2023. The combined members have almost 100 locations across the US and Canada.
Triosim Corporation signed a purchase agreement for the assets of Somarakis, Inc., including inventory and intellectual property, making it the authorized Somarakis pump repair provider. Triosim will build new Somarakis-model vacuum pumps at its facilities in Leland NC, Clinton LA, Middletown OH and Montgomery AL.
Xylem said it would acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion, expanding its industrial and municipal pumping operations.
Crane Engineering, a Wisconsin fluid technology distributor, acquired Professional Pump, Inc., a Belleville, Michigan distributor of pumps and fluid process equipment. The deal extends Crane's service footprint into Michigan and Northwest Ohio. Existing management will remain.
DXP Enterprises announced it completed the acquisitions of Riordan Materials Corporation and Florida Valve & Equipment/Environmental MD, both water-market suppliers, funded with cash. Riordan serves Mid-Atlantic and Northeast states and Florida Valve serves Florida municipal water markets. The definitive agreements were signed May 1, 2023.
Fort Wayne-based industrial supplier 3BG has completed its acquisition of Controls and Electric Motor Co. (CEMCO), a provider of motors, drives and pumps in southwest Missouri. Financial terms were not disclosed and the Missouri facility will stay open with plans to expand.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with Houston and Austin branches. The deal is Holland Pump's sixth acquisition since partnering with XPV Water Partners.
Xylem entered a definitive agreement to acquire Evoqua Water Technologies in a US$7.5 billion all-stock transaction. The deal adds advanced water treatment and service capabilities.
Busch USA has acquired Vac-Tech Inc., a vacuum pump service and sales provider with locations in Phoenix, Arizona and Richardson, Texas. Vac-Tech will keep its brand as a Busch Group company.
Thompson Pump distributor Florida Pumping Solutions acquired American Sock & Dewatering, a socking company in Northern Florida.
Krones signed an agreement on 20 April 2023 to acquire 90% of Ampco Pumps Company LLC, a Wisconsin supplier of sanitary pumps and mixing equipment to food, beverage, dairy and pharma markets. Ampco generated about US$50 million revenue in fiscal 2022, and closing is expected in the first half of 2023.
PumpMan Holdings acquired the DAS Group, a Pittsburgh manufacturer's representative for municipal water and wastewater process equipment, and merged it into PumpMan Pittsburgh in Allison Park, Pennsylvania. The deal is PumpMan's twelfth acquisition.
Danish marine pump specialist Svanehøj acquired Complete Cryogenic Services in Tustin, California, which services electric submerged pumps on LNG carriers. CCS will continue as Svanehøj CCS under Svanehøj Service Solutions with its nine employees.
Houston-based Trendsetter Engineering won a contract from LLOG Exploration Offshore to design and manufacture subsea production manifolds and connectors for the Leon and Castile developments, using ATV valves, with delivery planned for early 2024.
Lexair is acquiring manufacturing assets and intellectual property licenses from Keystone, an Emerson brand, for U.S. Navy products. Production will move from Emerson's Pasadena, Texas facility to Lexair's Lexington plant.
Lexair Inc. will expand its Lexington, Kentucky operations with an $8.5 million investment, adding 35,000 square feet and creating 14 full-time jobs. The announcement was made on March 15, 2023.
Clow Valve won Oskaloosa City Council approval for its application to the Iowa High Quality Jobs Program and tax exemption for a $75 million expansion at its Oskaloosa plant. The planned expansion covers 36,000 square feet.
Poclain invested $25 million in capital expenditure over two years at its Yorkville, Wisconsin plant, including a building extension and new motor and pump assembly line to meet demand.
Iowa approved a $318,000 award for Puck Customer Enterprises to invest in new equipment at its Manning facility, a $6 million capital investment expected to create 40 jobs by December 2025.
Iowa Economic Development Authority approved a $1.15 million award for Clow Valve Co. to modernize its Oskaloosa facility with new equipment and automation, a capital investment of over $68 million due by December 2024.
PumpTech, a portfolio company of Pike Street Capital, announced its acquisition of Dakota Pump Inc., a supplier of packaged pump stations and automated systems for water and wastewater markets, with three locations in South Dakota. The deal was announced on February 14, 2023.
Crossplane Capital's acquisition of specialty pump rental provider Pump & Integrity was merged with its portfolio company Griffin Dewatering, with Graycliff Partners providing subordinated debt and minority equity financing.
Trillium Flow Technologies announced its acquisition of Coulter Valve Service, a specialty valve field services company offering on-site nuclear and commercial maintenance, repair and modifications in the United States. The deal strengthens Trillium's North American aftermarket business. The deal value was not disclosed.
IperionX and Carver Pump have partnered to offer additively manufactured titanium pump components to the US Navy, with Carver designing the parts and leading qualification. The announcement is dated 7 February 2023.
Bosch Rexroth completed its acquisition of HydraForce, a US compact hydraulics specialist, after antitrust approval. HydraForce will be integrated into Bosch Rexroth's Compact Hydraulics Business Unit.
Atlas Copco has acquired Dekker Vacuum Technologies, a Michigan City, Indiana maker of vacuum pumps and systems. The deal value was not disclosed.
NIBCO Inc. completed its acquisition of Matco-Norca LLC, a sourcing company for valves, fittings and plumbing products, which also includes sister company SVF Flow Controls LLC. Matco-Norca will operate as a wholly-owned subsidiary.
Ingersoll Rand Inc. bought Paragon Tank Truck Equipment, a Catersville, Georgia maker of blowers and pumps for tank truck loading, in an all-cash deal of about $40 million. Paragon has around 55 employees and revenue above $25 million.
Motion & Control Enterprises (MCE) acquired Precision Pump & Valve, a Lake Charles, Louisiana distributor and repairer of safety relief and control valves and pumps. PPV operates six facilities in Louisiana, Texas and Ohio. No deal value was disclosed.
Helios Technologies is expanding its Daman Products plant in Mishawaka, Indiana by 50,000 square feet and adding a significant number of employees. The site will become a Center of Excellence for North American manifold operations, with relocation expected by Q3 2023.
Edwards Vacuum, part of Atlas Copco, is seeking incentives for a first phase of $212 million to build a semiconductor dry pump manufacturing facility at STAMP in Genesee County, New York. It would create 343 high-wage jobs.
Atlas-SSI, a North American traveling water screen and bulk material handling manufacturer, has acquired Cooling Tower Valves and Screens LLC of Baton Rouge, Louisiana. The announcement was made on January 6, 2023.
Edwards opened a 200,000-square-foot facility in Chandler, Arizona, in November 2022 for remanufacturing and assembly of vacuum pumps for the US semiconductor market. The site is expected to create about 200 new jobs.
J. Sloan & Co. advised on the sale of Arlington, Texas-based water treatment equipment supplier Pumps and Controls to an undisclosed industry buyer. The transaction closed on September 30, 2022, and terms were undisclosed.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with branches in Houston and Austin, adding dewatering services. The deal was reported in the first quarter of 2023.
Middle-market private equity firm Wynnchurch Capital acquired a majority stake in Industrial Service Solutions, a US industrial MRO services company, from Edgewater Funds and JZ Capital Partners. The deal was reported on 20 December 2022.
Griffin Dewatering, a portfolio company of Dallas-based Crossplane Capital, purchased the Pump & Integrity Rental segment of Cross Country Infrastructure Services. The deal was reported on 20 December 2022.
The Stephens Group acquired Quality Valve, an OEM replacement parts provider, from seller Pfingsten. The article gives no deal value.
Baker Hughes' Masoneilan valves unit won a contract to supply 21000 and 41000 globe control valves for the Advanced Clean Energy Storage hydrogen project in Delta, Utah, which supports an 840 MW hydrogen-blend gas turbine plant. The project is being built by Mitsubishi Power Americas and Magnum Development.
Central States Industrial (CSI) completed its acquisition of Sierra Seals, a supplier of hygienic pipe, valves, pumps and related equipment, and Sierra Seals is moving to a new site in Ceres, California. The deal was announced on December 1, 2022, and the acquisition was completed on August 1, 2022.
Hidden Harbor Capital Partners acquired Machinery Services Corp. and Rapid Pump & Meter Services Co., based in Paterson, New Jersey, with senior secured credit facilities provided by LBC Credit Partners. The deal was announced on 29 November 2022.
Edwards plans to open a new dry vacuum pump manufacturing facility in the WNY STAMP park in Genesee County, New York, with a $319 million investment that will create around 600 skilled jobs. The first phase is a 240,000 sq ft site costing about $127 million.
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.