SkyMark Refuelers, a portfolio company of Sky Island Capital, has acquired Becker & Associates Inc., a supplier of aviation and ground fueling equipment and accessories based in East Dundee, Illinois. The acquisition aims to strengthen SkyMark's aftermarket parts division.
Korea Western Power Company (KOWEPO), Tallgrass, and Power Systems Mfg (PSM) announced an agreement to collaborate on infrastructure investments for converting natural gas-fired power generation to clean hydrogen fuel use in the United States.
Ansaldo Energia Group, headquartered in Genoa, Italy, acquired Power Systems Manufacturing, LLC (PSM) on February 25, 2016. PSM will remain focused on serving gas turbine power plant customers.
Munters is expanding its facility in Daleville, Virginia, adding 200,000 square feet of production space to manufacture chillers and other cooling solutions for data centers. The expansion enables domestic production of Geoclima chiller technology.
The Delaware Court of Chancery has ordered Nano Dimension to proceed with its acquisition of Desktop Metal, finding that Nano materially breached the merger agreement. The court ordered Nano to execute a national security agreement within 48 hours and pay the full per-share merger consideration.
Hyundai Motor Group announced a $21 billion investment in the United States, including a new $5.8 billion Hyundai Steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs. The investment also includes $9 billion to boost US auto production capacity to 1.2 million vehicles by 2028 and $6 billion for partnerships in autonomous driving, robotics, AI, and advanced air mobility.
Central Power Systems & Services opened a new manufacturing and assembly facility in Platte City, Missouri, for natural gas and diesel generators. The $28 million investment is expected to create over 245 jobs.
Trachte Building Systems, a manufacturer of self-storage buildings, acquired MakoRabco, a self-storage design and construction services firm. The combined entity will offer end-to-end self-storage solutions.
GE Aerospace is investing $2 million to expand manufacturing capacity at its Montana Precision Products joint venture site in Butte, Montana. The investment will modernize the plant layout to improve workflow and productivity for aerospace engine components.
Lockheed Martin received a $238 million contract modification to procure long lead materials and components for F-35 Lot 20 production aircraft for non-U.S. DOD partners and FMS customers. Work will be performed at multiple locations and is expected to be completed by May 2031.
Golden Triangle Polymers entered an agreement with Orange County Water Control & Improvement District #2 to provide potable water for its facility under construction in Orange County, Texas, and contributed funding to upgrade the wastewater treatment plant, increasing capacity from 1.22 MGD to 1.52 MGD.
KRTL Biotech Inc., a subsidiary of KRTL Holding Group, signed a Memorandum of Understanding with Industria Químico Farmacéutica Sigma Corp. S.R.L. of Bolivia to pursue a strategic international merger, with Sigma receiving equity in KRTL Holding Group.
Ball Corp. announced the closing of a 49:51 joint venture with Ayna.AI, named Oasis Venture Holdings, LLC, to accelerate the growth of the Aluminum Cup category. The venture includes the plant in Rome, Georgia.
Ball Corporation has formed a strategic joint venture, Oasis Venture Holdings LLC, with Ayna.AI, holding a 49% stake while Ayna owns 51%. The venture will oversee the Ball Aluminum Cup business, including its production facility in Rome, Georgia.
Polyplex Corporation Ltd. has commenced trial runs for a new BOPET thin film production line at its U.S. subsidiary Polyplex (USA) LLC, adding 50,000 metric tons per year of capacity. The company also completed debottlenecking at its PET resin plant, boosting capacity from 58,000 to 86,000 MT p.a. Combined investment totals approximately $124 million.
The Arcticom Group (TAG) acquired TDH Refrigeration, a provider of refrigeration and HVAC services, to expand its presence in Buffalo and Western New York. The acquisition was announced on March 24, 2025.
Riekes Equipment doubled the size of its Sioux City, Iowa, facilities to support growing operations. The expansion provides more space for the team, expanded shop capacity, and a broader selection of used and rental equipment.
The U.S. Department of Defense awarded T&T Materials Inc. a $170,485 contract to supply aluminum 5083-H116/H128 plate for the Watervliet Arsenal in New York. The material is for cathode side arm clamps for 120mm and 155mm chrome plating.
Hyundai Steel Company (HSC) selected Ascension Parish, Louisiana for its first North American steel manufacturing facility, a $5.8 billion investment. The mill is expected to create 1,400 direct jobs and 4,100 indirect jobs (total 5,500), produce 2.7 million metric tons of steel annually, and begin construction in Q3 2026.
Alcon announced a definitive merger agreement to acquire LENSAR, Inc. for $14.00 per share in cash (approx. $356 million), plus a contingent value right of up to $2.75 per share, for total potential consideration of up to $430 million. The acquisition includes the ALLY Robotic Cataract Laser Treatment System.
Graphic Packaging International signed an agreement with co-packer JJM Packaging to make its Boardio paperboard canister available to brands across the U.S. and Canada for nutrition powders, sweeteners, beverage mixes and cereals.
Fiber cement specialist James Hardie is acquiring Azek in a deal valued at $8.75 billion. Azek is a manufacturer of building products including decking and railing.
BCU Electric, an Ashland-based electrical contracting company, was acquired by Meptagon Group, a global designer and builder of industrial facilities, through its U.S. subsidiary Meptagon USA. The acquisition price was not disclosed.
James Hardie Industries plc announced a definitive agreement to acquire The AZEK Company Inc. for a combination of cash and stock valued at $8.75 billion, including AZEK's net debt of approximately $386 million.
The U.S. Navy awarded a $590 million modification to Bell Boeing Joint Program Office for production and delivery of five CMV-22B aircraft. Work will be performed at multiple locations and is expected to be completed by January 2028.
Xenon arc, a technology-enabled channel-to-market company, acquired JNS SmithChem, a specialty chemical distributor serving the coatings, adhesives, sealants, and elastomers industries in the Eastern and Southeastern United States.
Chance Aluminum Corp. purchased approximately 200 acres of county-owned land in Brady Township, Pennsylvania for $2.5 million to build a new aluminum foil manufacturing facility. The plant is expected to create 300 to 400 new jobs.
FIFCO USA unveiled a $28 million can line at its Genesee Brewery in Rochester, New York, capable of 1,500 12oz cans per minute, lifting site capacity above 15 million cases a year.
Ball Corporation closed a 49:51 joint venture with Ayna.AI, named Oasis Venture Holdings, LLC, covering its Aluminum Cup business and plant in Rome, Georgia.
Boeing was awarded a $101,425,718 firm-fixed-price order by the U.S. Navy for the production and delivery of 96 Trailing Edge Flap Retrofit Redesign shipsets for F/A-18E/F and EA-18G aircraft.
INDO-MIM Ltd. acquired Phoenix DeVentures, a MedTech product development and manufacturing services provider, which will be rebranded as PDV MedTech.
FEI-Zyfer, a subsidiary of Frequency Electronics, received a $12 million contract increase for the development and manufacture of a customized high-precision airborne time, synchronization, and frequency distribution system, with deliveries through 2027.
ResinTech is expanding its Camden headquarters and manufacturing facilities by 30,000 square feet with a $10 million investment. The expansion will boost domestic ion exchange resin production by 30% in 2025 and is set for completion in April 2025.
UTS Systems holds a 10-year contract with the U.S. Air Force worth $52 million for rapidly deployable shelters incorporating Climashield PROTECT-FR insulation.
Switched Source expanded its domestic manufacturing capabilities with a new 20,000-square-foot facility in the Chicagoland area, increasing production capacity by 150% to deliver at least 50 units of Phase-EQ technology per year. The investment is $5 million.
LS Electric's Utah-based subsidiary MCM Engineering has more than doubled its production capacity for switchgear and other power equipment to keep up with orders.
LS Cable & System plans to invest 1 trillion won ($686 million) to build the largest submarine cable factory in the U.S. in Virginia, with operations set to begin in 2027.
ANDRITZ has received an order from ArcelorMittal Calvert to supply an annealing and coating line and a cold rolling mill for a new electrical steel production facility in Calvert, Alabama, USA. The facility will produce up to 150,000 tonnes of non-grain oriented electrical steel per year.
Massman Companies announced the acquisition of privately held ADCO, a cartoner machinery maker based in Sanger, California, to expand its carton-to-pallet automation offering.
Essex Solutions, a U.S. subsidiary of LS Group, added two new production lines at its North American manufacturing plant to increase output of specialty winding wire used in transformers.
Caltius Structured Capital provided debt and equity financing to Frazier Aviation, a manufacturer of aftermarket military aircraft components, to support a strategic partnership with Seven Point Equity Partners.
Autumn Construction Services has been awarded a three-year contract by the Metropolitan Water Reclamation District of Greater Chicago to provide HVAC and refrigeration parts and services across multiple facilities. The contract amount is $924,180.
Lantech has expanded its Louisville, Kentucky manufacturing facility to include production of modular case erector machines, mirroring its Netherlands operations. The first modular case erector was built on the new production line in December 2024.
Lindsay Manufacturing is proceeding with a $50 million commitment over two years to modernize its facility in Lindsay, Nebraska, including a new galvanizing plant, 40,000 sq ft expansion, and Industry 4.0 technologies. The village board approved the second reading of an annexation ordinance for the new galvanizing plant site.
SK On will supply batteries for Nissan's next-generation electric vehicles built at Nissan's Mississippi factory. Supply will begin in 2028 and last six years.
A unit of Investor AB will buy medical device maker Nova Biomedical for $2.2 billion, merging it with Advanced Instruments to create a life sciences tools platform.
Patricia Industries' subsidiary Advanced Instruments entered a definitive agreement to acquire Nova Biomedical from its founding shareholders for an enterprise value of $2.2 billion. The combined business will operate under the Nova Biomedical name, with 2024 sales of $621 million.
HII received a $182 million task order from the US Air Force to provide logistics support for F-16 training devices. The five-year contract will be led by HII's Mission Technologies segment in partnership with Trident Military Systems in Mesa, Arizona.
Spokane Valley builder of paperboard-packaging equipment Alliance Machine Systems International agreed to acquire Systec Corporation of Indianapolis and Automatan LLC of Plover, Wisconsin, with completion expected by month end; terms undisclosed.
Graphic Packaging International signed an agreement making its Boardio paperboard canister available through New Jersey co-packer JJM Packaging to brands and retailers across the U.S. and Canada, with availability from Q2 2025.