Novvia, a global rigid packaging distributor backed by Kelso, agreed to acquire packaging firm Saxco. Deal terms were not stated in the excerpt.
Bessemer-backed Tencarva, a distributor of flow control and process equipment, acquired Detroit Pump, a pump distributor serving industrial and municipal markets. No financial terms were disclosed.
Lion Equity Partners acquired Global Compression Services, a Midland, Texas provider of OEM and aftermarket parts for reciprocating natural gas engines and compressors. The seller was Warren Equipment Company and no financial terms were disclosed.
Fort Smith, Arkansas corrugated packaging maker Corrugated Specialties was acquired by its president Marcus Slavens, who takes over as chairman and CEO from Paul Henson. The sale was announced on 8 January 2025.
Southern Graphic Systems, LLC agreed to acquire Schawk, Inc. from Matthews International for total upfront consideration of $350 million, including $250 million in cash, with Matthews taking a 40% stake in the new entity. The deal is expected to close in mid-2025, subject to regulatory approvals.
Indeed Oilfield Supply, a Houston-based distributor of pressure control equipment, has acquired AWC Frac Valves, a Conroe, Texas manufacturer of API 6A frac valves, from Pelican Energy Partners. The business will operate as AWC Indeed.
DXP Enterprises acquired Arroyo Process Equipment, a Florida-headquartered distributor of pumps and process equipment, in Q1 2025.
PSG, an operating company of Dover Corporation, acquired Cryogenic Machinery Corp (Cryo-Mach), a US maker of cryogenic centrifugal pumps and mechanical seals, in Q1 2025.
Tencarva Machinery Co. acquired Detroit Pump & Mfg. Co., a Warren, Michigan distributor of pumps and fluid handling equipment, expanding its reach into the Upper Midwest. Detroit Pump will retain its management team and terms were not disclosed.
ARI-Armaturen Albert Richter announced the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania, to expand its presence in the USA.
Berry Global has acquired CMG Plastics, a maker of injection- and blow-molded rigid plastic packaging with production sites in Somerville, New Jersey and Brantford, Ontario and over 170 staff. CMG says the deal expands its resources and capabilities.
Per sources cited by PE Hub, private equity firm May River Capital plans to launch a sale of wastewater pump manufacturer Industrial Flow Solutions in early 2025, with Baird as sell-side adviser. No deal value has been confirmed.
TricorBraun agreed to acquire the rigid-containers business of Veritiv, strengthening its North American reach. Deal value and closing details are not stated in the article excerpt.
Milton Industries announced its acquisition of GoatThroat Pumps, a US maker of precision-engineered fluid and chemical handling pumps. GoatThroat's president Nancy Westcott joins Milton.
TOPPAN Holdings signed an agreement to acquire the flexible packaging and thermoformed container business of SONOCO Products Company for about 1.8 billion US dollars, expanding its sustainable packaging operations in North and South America.
Novolex and Pactiv Evergreen agreed to combine into a food, beverage and specialty packaging manufacturer, with Pactiv shareholders receiving $18.00 per share in cash. CPP Investments will contribute about US$1 billion and become a significant minority shareholder.
Applied Industrial Technologies signed a definitive agreement to acquire Hydradyne, LLC, a Dallas-based fluid power distributor with about 500 staff and 33 locations in the Southeastern U.S. Applied expects roughly $260 million in sales and $30 million in EBITDA from the deal.
Cogent, Inc. announced the acquisition of Central States Group, an industrial equipment distributor based in Omaha, Nebraska with operations in Cedar Rapids, Marshall and Madison. The deal strengthens Cogent's presence in the Midwest in pumps, pipe, valves and fittings.
Walker Manufacturing has acquired Danfoss's Light Duty product line, including Model 7 and Model 11 hydrostatic variable displacement pumps and transmissions, moving production to its Fort Collins, Colorado facility.
Amcor agreed to combine with Berry Global in an all-stock merger in which Berry shareholders receive 7.25 Amcor shares per share, creating a combined company with an enterprise value of about $37 billion. Closing is targeted for mid-2025.
Coregistics, a Red Arts Capital portfolio company, has acquired Belvika Trade & Packaging, a food and beverage contract packager, making Coregistics the largest pure-play contract packaging company in North America.
ABB signed an agreement to buy Aurora Motors, a provider of vertical pump motors sold in 30 countries, to strengthen its NEMA Motors Division. Financial terms were not disclosed and closing is expected before the end of 2024.
Emerson proposed to acquire all AspenTech shares it does not already own for $240 per share in cash, after already holding about 57%. The proposal would make AspenTech a wholly owned subsidiary.
Baker Manufacturing, a portfolio company of Blue Sage Capital, acquired the Pump Division of A.Y. McDonald Mfg. Co, including submersible, booster, jet, sump pumps and pressure tanks for residential and agricultural markets.
Veritiv Operating Company acquired substantially all assets of PAX Global, a custom packaging distributor and converter with annual revenue of about $45 million. The deal adds folding carton and film converting capabilities.
Amcor announced in November 2024 that it would acquire Berry Global in an all-stock transaction valued at $8.43 billion, combining consumer and healthcare packaging operations.
Singer Industrial teamed up with Fluid Tech Hydraulics, a Sacramento-based hydraulic distributor and service provider, which will operate within Singer's Fluid Power Division. The deal increases Singer's footprint to more than 120 locations.
Trelleborg Sealing Solutions signed an agreement to acquire CRC Distribution, a US specialist distributor of polymer seals based in Robertsdale, Alabama, with annual external sales of about SEK 170 million. Completion is expected in Q1 2025.
Aspen Pumps Group acquired Malco Tools, Inc., a Minnesota manufacturer of tools for the HVAC and building construction industries. Malco becomes the North American headquarters of Aspen, and its CEO takes over as CEO of Aspen Pumps Group North America.
TC Transcontinental agreed to sell its industrial packaging operations to Hood Packaging Corporation for US$95 million, subject to working capital adjustments. The Thomasville, North Carolina operations and 138 employees are transferred, and Hood also acquires the industrial packaging business of the Ontario, California plant.
Workdry International, parent of Selwood, Siltbuster and Vanderkamp, has acquired Florida-based Holland Pump Company, a water handling and pump rental provider, to expand into North America. The deal gives Workdry a presence on the US East and Gulf Coasts.
Wincove Private Holdings and its portfolio company PURGO Holdings acquired valve and actuator maker Valve Solutions, LLC of Alpharetta, Georgia, in an add-on deal initiated by White Oak Partners.
Nabors Industries has signed a definitive agreement to acquire all shares of Parker Wellbore in exchange for 4.8 million Nabors common shares, subject to a share price collar. Parker provides downhole tubular rentals and drilling services, including 17 drilling rigs.
Flowserve has completed its acquisition of MOGAS Industries, adding severe service valves and aftermarket services to its Flow Control Division. The purchase price was approximately $305 million including the potential earnout.
General Pump Company, a Southern California pump and water well services provider, is merging with Water Well Solutions of Wisconsin and Illinois. The deal was led by Sylmar Group, and both companies will keep their brands and locations.
SupplyOne, a North American packaging distributor, has acquired Gulf Packaging, a corrugated box converter with production facilities in Bay Minette and Tallassee, Alabama. The deal strengthens SupplyOne's presence in the Southeast.
Ingersoll Rand has acquired Air Power Systems Co. (APSCO), a US provider of hydraulic and pneumatic products for specialty work trucks, as part of three bolt-on deals totaling about $135 million.
Suzano completed its $110 million cash purchase of a paper mill in Pine Bluff, Arkansas and an extrusion facility in Waynesville, North Carolina from Pactiv Evergreen on October 1, 2024. A long-term supply agreement has Suzano supplying liquid packaging board and cupstock to Pactiv.
Elgi Compressors USA, a subsidiary of Elgi Equipments, decided to sell its entire stake in the Compressed Air Solutions of Texas joint venture to its partner for $154,586, with closure expected by October 31, 2024.
Ireland-based Schivo has acquired ParMed, a fluid handling firm in Berlin, Connecticut, that makes intelligent electronic rotary valves, layered manifolds and pumps. ParMed will operate within Schivo's Life and Analytical Sciences segment. The announcement was made on September 24, 2024.
Family-owned corrugated packaging maker Welch Packaging has joined forces with Capitol City Container Corp (Cap City Container) in Indianapolis to strengthen its Midwest position. Specific terms were not disclosed.
Kelso-backed Novvia Group, a rigid container and life sciences packaging distributor, has acquired container supplier Liquid Bottles.
Houston-based DXP Enterprises has acquired Hartwell Environmental Corporation, a manufacturer's representative of pumps, controls and process equipment for the water and wastewater industry, adding three locations in Texas and Oklahoma. Hartwell had sales of $18.4 million over the 12 months to July 31, 2024.
Ferndale, Michigan-based ROSS Controls has acquired Master Pneumatic, maker of filter, regulator and lubricator pneumatic air preparation products in Sterling Heights, Michigan. The announcement is dated September 3, 2024.
Blower-Dempsay Corporation acquired the Corona, California assets of US Display Group, effective August 30, 2024, adding digital printing and high-end graphics packaging capabilities. The facility will be rebranded under Pacificorr Graphics & Displays.
Veritiv, a specialty packaging distributor, entered a binding agreement with Orora (ASX: ORA) to acquire its North American packaging distribution and manufacturing business, Orora Packaging Solutions. The deal would strengthen Veritiv's specialty packaging distribution platform in North America. The value was not stated in the excerpt.
SCF Partners acquired severe-service valve makers DeltaValve and TapcoEnpro from CIRCOR International, announced August 30, 2024. DeltaValve is based in Salt Lake City and TapcoEnpro's primary location is in Houston, Texas.
Mill Rock Packaging, a Mill Rock Capital portfolio company, acquired the Woodland, California packaging and laminating assets of Everett Graphics, a folding-carton producer. No financial terms were disclosed.
ARI-Armaturen Albert Richter acquired Warren Controls, a control valve company based in Bethlehem, Pennsylvania, to expand its US presence.
Compass Diversified subsidiary Altor Solutions agreed to acquire Lifoam Industries, a temperature-controlled packaging maker with seven US plants, for an enterprise value of $137 million in cash, announced August 19, 2024.