Surface Transforms plc was selected as tier one sole supplier of carbon ceramic brake discs for a new edition of an existing internal combustion engine car from a major US automotive company (OEM 10). Lifetime revenue is estimated at £20 million, commencing mid-2024.
II-VI Incorporated closed a contract worth over $100 million to supply 150 mm silicon carbide substrates to Dongguan Tianyu Semiconductor Technology Co., Ltd. Deliveries begin in Q3 2021 and continue through end of 2023.
Quantic Electronics, a portfolio company of Arcline Investment Management, acquired BEI Precision Systems & Space Company from J.F. Lehman & Company. BEI Precision makes position feedback sensors and frequency reference technologies for space, aerospace, and defense.
Delmarva Corrugated Packaging is nearing completion of its $80 million paper corrugating plant in Dover, Delaware, with an October opening planned and about 160 jobs projected.
MHI Compressor International will supply four compressors and two steam turbines for Koch Fertilizer's $140 million revamp of its Fort Dodge, Iowa ammonia plant, which will add 85,000 tons per year of ammonia capacity, with deliveries in Q2 2022.
Calumet Paralogics, a specialty wax blending and packaging company, will invest $2.7 million to add new equipment and capabilities at its Muncie, Indiana location, creating up to 20 new jobs.
Alexandria Industries completed an investment project at its Alexandria, MN operations, expanding manufacturing space and installing a new 7-inch, 26 MN front-loading extrusion press line with advanced automation. The project also added a new front office and entry.
Quabbin has secured a five-year contract to create equipment for replacing existing parts within the four intake towers at the Hoover Dam in Nevada.
Quabbin Inc. and Amherst Tool have merged to form a new manufacturing facility in Wilton, New Hampshire, specializing in niche equipment for dams and water and sewer facilities. The company has secured a five-year contract to create equipment for the Hoover Dam.
L Squared Capital Partners acquired Crane 1, a provider of overhead crane MRO services and equipment based in Miamisburg, Ohio, from Pfingsten. The acquisition is L Squared's second platform investment in Fund III.
CoolSys, a refrigeration and HVAC solutions company, acquired T&O Refrigeration, a refrigeration services company based in Fayetteville, Georgia, expanding its presence in the Southeast region.
GenServe, a portfolio company of GenNx360 Capital Partners, acquired LJ Power, a provider of generator maintenance and repair services based in Austin, Texas. The acquisition expands GenServe's field service staff to 100 technicians across three regions.
Mulk Holdings International, Park International Investments and Silver Heights Real Estate established a joint venture, ALUBOND USA LLC, which has secured supply contracts worth over US$100 million for five mega projects in the United States, including the Wyndham Hotel.
Sri Trang Gloves announced its intent to establish production in the United States with a proposed 100-plus acre campus including a nitrile glove manufacturing facility, distribution center and warehouse. Potential US production is estimated to reach 2.5 billion nitrile gloves annually after the first full year.
Vizient, Inc. announced an agreement with Thailand-based Sri Trang Gloves for chemo-rated nitrile exam gloves under the Vizient Novaplus Enhanced Supply program. The agreement includes onshore inventory requirements to improve supply assurance.
Shuttleworth announced a 50,000-square-foot expansion to its headquarters facility in Huntington, Indiana, with an investment of $4.67 million. The project will add 20 net new jobs by the end of 2024 and is slated for groundbreaking in Fall 2021 with completion in 2022.
Meritor Inc announced it will supply its Blue Horizon 14Xe integrated electric drive axles to Hyliion for use in the Hypertruck ERX hybrid-electric powertrain.
The Biden Administration awarded a $6.5 million contract to U.S. Cotton LLC to increase domestic production of polyester tipped swabs for COVID-19 testing. The company will ramp up production capacity from 92 million to 371 million swab tips per month by May 2022.
Muncie Power Products bought a former industrial building at 2500 N. Priority Way in Yorktown, Indiana, and will add 100,000 sq ft and invest over $20 million to consolidate operations there.
Liberty Oilfield Services selected Rolls-Royce mtu gas generator sets to power its digiFrac electric frac pumps, with 14 gensets to be supplied by the end of 2021 through distributor Stewart & Stevenson.
Price Container, a division of TricorBraun, signed a lease for a 30,000 sq ft facility in the Port of Centralia's Park I development in Washington to open a new metal and plastic packaging operation.
Consolidated Equipment Group, a portfolio company of Hanover Partners and Northstar Capital, was acquired by Dominus Capital. Terms were not disclosed. CEG designs and manufactures skid-steer and tractor attachments.
Grote Co., a family-owned food slicing and assembly equipment company, acquired Precision Food Innovations (PFI), a manufacturer of conveying equipment, from Precision Inc. on August 13, 2021. Terms were not disclosed.
The U.S. Navy awarded a $1.7 billion contract to 381 Constructors, a joint venture of TIC (Kiewit), Cianbro, and Middlesex, to enlarge and reconfigure Dry Dock 1 at Portsmouth Naval Shipyard in Kittery, Maine. The project will extend through 2028.
Benvic Group announced the acquisition of Chemres, a US-based specialty compounder focused on high-performance polymer compounds for medical, packaging, and wire & cable industries. The deal allows Benvic to enter the US market.
Corrigan OSB, a subsidiary of Martco L.L.C. (RoyOMartin), announced a new oriented strand board (OSB) production facility in Polk County, Texas, with $211 million in capital investment and 50 new jobs.
The US Naval Air Warfare Center awarded three indefinite-delivery/indefinite-quantity contracts to Machine Tools Marketing Inc., Machine Tools USA Inc., and Pacific IC Source for machine tools and support services. The aggregate ceiling for all contracts is $40 million.
Memic Innovative Surgery Ltd. and MedTech Acquisition Corporation announced a definitive agreement for a business combination. The combined company will operate under the Memic name and list on Nasdaq. The transaction is expected to close in Q4 2021.
Arconic announced a $100 million expansion of its Blount County operations in Alcoa, Tennessee, to increase capacity for industrial and can sheet aluminum. The project will create 200 new jobs.
Basalite Concrete Products opened a new 189,000 sq ft production and distribution facility in Fort Lupton, Colorado. The initial investment was $55.7 million, with an anticipated additional $17.5 million, and the facility supports 60 relocated jobs and 10 new jobs.
The Weir Group plans to expand its operations in Utah, adding up to 133 new jobs over 10 years with a capital investment of $22.6 million. The company is a global leader in slurry handling equipment.
Continental AG is building a 215,000 SF greenfield manufacturing facility in New Braunfels, Texas, to produce products for Advanced Driver Assistance Systems (ADAS). Operations are expected to start in the second half of 2022, creating 580 jobs.
MTU Aero Engines AG sold Vericor Power Systems, a marine and industrial gas turbine OEM, to US private equity company CSL Capital Management. No financial details were provided.
CSL Capital Management formed Kanaci Technologies, integrating BJ Energy Solutions' technology, and acquired Vericor Power Systems, a supplier of aeroderivative gas turbines. Vericor will operate as a subsidiary of Kanaci Technologies.
Genuen, a provider of test solutions, acquired Versatech, an engineering firm specializing in robotic and production automation equipment. The acquisition adds production line automation and test capabilities to Genuen's offerings.
BKV Corporation, in partnership with Banpu Power US Corporation, signed an agreement to purchase the Temple 1 power plant in Temple, Texas, for $430 million, expected to close in Q4 2021.
Kaman Aerospace Group, Inc. was selected by Transcend Air Corporation to build the Vy 400 High Speed Vertical Takeoff and Landing aircraft, a high-speed VTOL design for regional city-to-city travel.
H2O LLC acquired the assets of BOSS Separators, a manufacturer of oily water separators for the marine industry, from Recovery Energy, Inc. The BOSS Separators brand will remain intact as a product of H2O LLC.
AA Metals, Inc., a North American aluminum and stainless steel distributor, has bought the former JW Aluminum plant in Williamsport. The plant will begin operation around Q4 2021 under the name Chance Aluminum Corp.
Aprilaire, a brand of Research Products Corp., accelerated expansion plans by adding a 110,000 sq ft distribution and shipping center and a 60,000 sq ft manufacturing facility, and doubling its total employees to about 700.
Creation Technologies Inc. will acquire all outstanding shares of IEC Electronics Corp. for $15.35 per share in cash, representing an enterprise value of $242.3 million including debt. The merger will combine two electronics manufacturing services providers.
The Boeing Co. has been awarded a maximum $26,810,487 firm-fixed-price delivery order by the Defense Logistics Agency for F/A-18 aircraft spare parts. The delivery order end date is Oct. 31, 2027.
Boston Scientific Corp. has been awarded a maximum $265,230,300 fixed-price, indefinite-delivery/indefinite-quantity contract by the Defense Logistics Agency for cardiovascular procedural packages and supplies. The five-year contract has a Sept. 30, 2026 ordering period end date.
Centerbridge Partners, L.P. announced a definitive agreement to acquire IPS Corporation from Cypress Performance Group, LLC. Financial terms were not disclosed.
Banpu Power Plc, through its joint venture BKV-BPP Power LLC, agreed to acquire 100% of Generation Intermediate Holdings II LLC, which owns the 768 MW Temple 1 combined cycle gas turbine power plant in Texas, for $430 million.
Nucor Corp. completed its $1 billion acquisition of two insulated metal panel brands, CENTRIA and Metl-Span, from Cornerstone Building Brands. The deal adds 830 employees from seven manufacturing facilities.
Rumiano Cheese Company celebrated the grand opening of a new 46,766-square-foot cheese processing and packaging plant in Willows, California, which will double packaging volume by end of 2025.
Aurora Material Solutions, a leader in PVC compounds, was acquired by Nautic Partners in partnership with management. The previous owners were Wind Point Partners and Ontario Teachers' Pension Plan.
Alverno Laboratories, a large U.S. laboratory network, selected Ibex Medical Analytics' AI-powered Galen platform to support pathologists in cancer diagnosis. The deal was announced on August 11, 2021.
Omni-Lite Industries Canada received a follow-on order valued at over US$100,000 for a custom high voltage switch driver from a top-tier defense prime contractor. The drivers will be used in an X-Band sensor on an airborne platform.