Anderson Process, a Midwest process equipment supplier, has acquired Premier Pump Inc., a distributor and service provider in Ohio, which becomes its Brooklyn Heights branch effective August 2, 2021.
SAMSON USA, headquartered in Baytown, Texas, has completed installation of a Flexible Manufacturing System with 2 horizontal machining centers and a 24-pallet robotic loading system built by MCM of Italy, increasing its manufacturing capacity.
IDEX Corporation completed its acquisition of Airtech Group, Inc. and US Valve Corporation from EagleTree Capital, adding vacuum pumps, blowers, compressors and valves to its Health & Science Technology segment.
Kalamazoo-based electric motor and performance systems company HECO acquired Kentucky Service Co. of Lexington, a service provider for electric motors, pumps and rotating equipment. HECO announced the deal in a May 4 press release.
Richards Industrials acquired Equilibar, a Fletcher, North Carolina manufacturer of back pressure, vacuum and electronic pressure control products, on May 3, 2021. The terms were not disclosed.
Dante Valve Co. will invest $1.9 million to expand its Ballentine Boulevard facility in Norfolk, Virginia by 10,000 square feet and add 40 jobs. The company makes pressure-relief valves, mainly for naval vessels.
Marshall Excelsior Company, a Harbour Group company, acquired certain assets of Hurricane Products, a Valencia, California maker of RV and camping gas regulators. Terms of the transaction were not disclosed.
Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, acquired Midwest Valve Parts Supply Co., a specialty industrial valve services business.
Blackmer plans to demolish a dormant foundry building and construct 55,000 sq ft of manufacturing space at its Grand Rapids site, with a total project investment of about $7.4 million and 54 new full-time jobs. The company is seeking a tax exemption that the city commission will consider April 27.
Allied Valve, Inc. acquired Edgen Murray Corporation's Valve Services Business, a pipeline service provider headquartered in Norwich, Ohio, specializing in line valve repair, to strengthen its pipeline repair services in the Midwest and Northeast US.
American Industrial Partners has signed an agreement to acquire a majority interest in Ingersoll Rand's High Pressure Solutions segment, a maker of high-pressure pumps, for approximately $300 million. Ingersoll Rand will keep a 45% equity stake and closing is expected in the first half of 2021.
IDEX Corp entered a definitive agreement to acquire Airtech Group Inc and US Valve Corp and related entities from funds managed by EagleTree Capital for $470 million in cash. The deal was reported on 1 April 2021.
DXP Enterprises completed its acquisition of Total Equipment Company (TEC), a distributor of aftermarket and service capabilities, announced March 29, 2021. Financial terms were not disclosed.
Edwards will invest in a new building in Haverhill, Massachusetts, expected to be completed in Q2 2022, to host an innovation and solutions center for its cryogenic pump and chiller product company, relocating functions from Chelmsford.
Czech valve maker Arako, part of Atomenergomash, supplied a newly designed pickling and blow-out device for the 859 MW Mattawoman combined-cycle gas plant via Siemens Energy. The plant is being built by Panda Power Funds in Brandywine, Maryland.
Hillenbrand completed the sale of Abel Pumps, L.P. and affiliates to IDEX Corporation, generating cash proceeds of about $103.5 million. The agreement was originally announced on January 11, 2021.
McWane Plant & Industrial has acquired the Tri-Seal Valve product line, including the Quarter-Flex industrial butterfly valves. The deal value was not disclosed.
Flowserve said it supplied pumps, valves and seals to Pfizer to support COVID-19 vaccine production, including replacing a mechanical mixer seal on a vaccine line at Pfizer's Kalamazoo, Michigan plant. The announcement was made on 1 March 2021.
Victaulic recently purchased a 220,000 square foot Waupaca manufacturing plant in Lawrenceville, Pennsylvania, to add a manufacturing site. The announcement was dated February 25, 2021.
Motion & Control Enterprises, a Frontenac portfolio company, acquired Diversified Air Systems, an Ohio air compressor distributor, and Swanson Flo, a Minnesota process instrumentation distributor. LBC Credit Partners agented a senior secured credit facility to support the deals. The article is dated 22 February 2021.
KKR has agreed to acquire Flow Control Group, a Charlotte, North Carolina distributor of flow control and industrial automation products, from Bertram Capital. Financial terms were not disclosed.
KKR agreed to acquire Flow Control Group, a Charlotte-based maker of pumps, valves and air compressors, from Bertram Capital. Terms were undisclosed, though a source said the deal values the company above $1 billion including debt.
MCE, a fluid power and lubrication supplier based in Zelienople, Pennsylvania, acquired Swanson Flo, a regional distributor of process instrumentation and flow control valves based in Plymouth, Minnesota, with 92 employees.
Corken Inc. will expand its Oklahoma City facility and relocate operations from Chicago, consolidating with Liquid Controls under the name Advance Flow Solutions. The plan creates 120 jobs over five years and seeks an incentive of up to $300,000 from the city.
Parkson Corporation, a subsidiary of Axel Johnson Inc., acquired the assets of Schreiber LLC of Trussville, Alabama, adding pump, headworks, biological and filtration technologies. Schreiber's aftermarket care department will give Parkson a second dedicated parts and services facility in the Southeastern US.
Caterpillar completed its acquisition of the Oil & Gas division of Weir Group, which now operates as SPM Oil & Gas near Fort Worth, Texas. The business includes more than 40 global service centers and about 2,000 employees.
Goforth Williamson, Inc. announced its acquisition of Gilbert Pump & Mechanical, a pump distributor serving the Alabama and Florida panhandle. The deal adds inventory locations, a pump testing facility and lift station package capability.
Conquest Industries of Stow, Ohio acquired the manufacturing division of Durbin Industrial Valve in Akron, Ohio, with NEO Business Advisors as broker. Durbin will focus on valve sales, service, repair and rebuild, while Conquest takes over valve parts manufacturing and machining.
Midwest private equity firm May River Capital has acquired Unibloc Pump, an Atlanta-area maker of positive displacement pumps, strainers and valves for sanitary applications. The deal was announced January 7, 2021.
Trillium's Pumps USA facility in Fresno, California has approved a multi-million dollar investment in solar panels, with over 2,700 panels to be installed, expected to be completed later in 2021. The approval was reported January 7, 2021.
Industrial Flow Solutions has moved its three Connecticut facilities under one roof in a 65,000 square-foot factory in New Haven, about 50% larger than its previous sites. The company had committed $385,000 to the New Haven site acquisition with the state Department of Economic Development.
DeZURIK acquired Hillenbrand's Red Valve business on December 31, 2020 at an enterprise value of $63 million, including a $58 million cash payment and a $5 million note. Hillenbrand announced the completed sale on January 4, 2021.
Wilo USA, a subsidiary of Wilo SE, held a groundbreaking for a 244,000 sq ft headquarters and production facility in Cedarburg, Wisconsin, which will combine Wilo USA, Weil Pump, Scot Pump and Wilo Machine Co. operations. The facility is expected to open in Q1 2022.
Swedish industrial pump maker Concentric AB acquired Allied Enterprises LLC, a Muncie, Indiana transmission parts manufacturer, in a cash deal valued at $11.7 million.
Pedrollo Group S.p.A. agreed to buy a majority stake in Superior Pump, a North American producer and distributor of premium pumps, in a deal advised by Chartwell. The article gives no deal value or location.
A.Y. McDonald acquired Val-Matic Valve & Mfg. Corporation of Elmhurst, Illinois on December 31, 2020.
Anvil and Smith-Cooper International, a Tailwind Capital portfolio company, acquired the ABZ and Quadrant Valve brands from parent Forum Energy Technologies.
DXP Enterprises completed the acquisitions of Total Equipment Company, APO Pumps & Compressors with Corporate Equipment Company, and Pumping Solutions, Inc. Financial terms were not disclosed, and the targets had about $114 million in sales for the 11 months ended Nov. 30, 2020.
Oceaneering International has been awarded a contract by TechnipFMC to supply 2-inch M5 connectors and chemical throttle valves for the Khaleesi/Mormont and Samurai tieback project in the U.S. Gulf of Mexico. The award was reported on 15 December 2020.
Cleveland-based private equity firm CapitalWorks acquired ERL Commercial Marine and its subsidiary Law Valve of Texas in a majority recapitalization. Baird Business Owner Solutions advised ERL on the deal.
Dallas private equity firm Crossplane Capital completed the acquisition of Griffin Dewatering, a Houston-based groundwater control and dewatering services provider with 11 US locations. The deal was announced on 2 December 2020.
Unibloc Pump moved its headquarters and manufacturing to a new Kennesaw, Georgia facility at 1650 Airport Road. The site is three times larger than the previous Marietta building and adds R&D, service and warehouse space.
Gryphon Investors acquired Vessco Holdings, a Minneapolis distributor of flow control, pump and automation equipment, from O2 Investment Partners together with Vessco's management team. Terms were not disclosed.
Sunbelt Supply's affiliate FloWorks International acquired Oliver Equipment Company, a Houston-based specialty rotating equipment and packaged systems provider with five branches. Terms were not disclosed.
Wilo USA held a groundbreaking ceremony for a new 244,000 sq ft headquarters and production facility in Cedarburg, Wisconsin.
Pelican Energy Partners closed its purchase of the Surface Pressure Control Flow business unit of Baker Hughes on 31 October 2020. The unit becomes an independent company called Vault Pressure Control, serving pressure control customers in the US, Canada, Australia, Papua New Guinea and Trinidad and Tobago.
Trillium Flow Technologies is moving its WSP Self-Primer pump line and other operations from Salt Lake City, Utah to a Fresno, California facility that becomes its US pump headquarters. The move is expected to generate more than 50 additional jobs over five years.
Trillium Pumps merged its Salt Lake City, Utah facility into its Fresno, California plant, making Fresno its North American headquarters for pump manufacturing. The company expects to add more than 50 jobs, with the move to be completed by late 2021.
Grundfos has broken ground on a new 45,000 square foot facility in Brookshire, Texas, to house its Americas Regional Center. The expansion is expected to bring about 90 positions to the area.
Wilo USA is building a 250,000 sq ft headquarters and manufacturing campus on Highway 60 in Cedarburg, Wisconsin, with opening planned for early 2022.