Sun Hydraulics agreed to acquire Faster Group, a Milan-based maker of quick-release hydraulic couplings, from Capvis Equity IV and co-investors for €430 million (about $531 million) in cash. The deal is expected to close in the second quarter of 2018.
Cummins-Wagner Co., a mid-Atlantic industrial process equipment distributor, agreed to acquire the operating assets of EESCO Pump & Valve, a Baltimore service and machine shop. The deal was expected to close by October 2017.
Dayton, Ohio fluid power distributor Scott Industrial Systems announced its acquisition of Sun Coast Hydraulic Electric Manufacturing, a maker of custom industrial control panels and hydraulic power units founded in 1993.
Halliburton signed a definitive agreement to sell its Dresser Equipment Group, a maker of valves, instruments and industrial equipment, to an investor group led by First Reserve and Odyssey Investment Partners for $1.55 billion in cash and assumed liabilities. Halliburton will keep a five percent equity stake.
Dragon Products Group completed the acquisition of FabTech's assets from Nalco Champion, a division of Ecolab. FabTech designs and fabricates oilfield production equipment in Casper, Wyoming. Terms were not disclosed.
EagleTree Capital, on behalf of EagleTree Partners IV, acquired a majority stake in Rutherford, New Jersey-based Airtech Group, a maker of vacuum pumps, blowers, compressors and valves, from founder Tom Latsos and other management. Terms were not disclosed.
Canadian rotating equipment services company Blackstone Industrial Services has closed its acquisition of Nuovo Parts Inc., a North American distributor of Nuovo Pignone and GE spare parts, based in Surrey, B.C. The deal was announced on January 26, 2018.
Belvac Production Machinery has acquired Rosario Handel B.V., doing business as Rosario Can Technology, based in Dongen, Netherlands. Rosario makes can decorators and base coating machinery and provides rebuild and replacement-parts services.
USA Compression Partners will acquire Energy Transfer Partners' compression business, CDM, adding 1.6 million horsepower of gas compression fleet. The transaction is valued at about $1.8 billion, including $1.225 billion in cash consideration to ETP.
US process equipment maker Duravant acquired UK-based weighing and filling machine manufacturer Ohlson Packaging to expand its product portfolio.
Canadian compressor services company Ironline Compression acquired Calgary-based Protech Compression Services in January 2018, with backing from private equity partner Staple Street Capital. Protech provides engine and compressor overhaul services in Alberta.
Dearing Compressor & Pump Co. completed its first acquisition by merging with Pittsburgh-based Kruman Equipment, the oldest Gardner Denver industrial air compressor distributor. The deal is expected to roughly double Dearing's industrial air compressor business.
BE Beteiligungen, with an investor group led by ARCUS Capital AG, acquired machine and tool builder Spitznas and its affiliate Transtools. Spitznas is based in Velbert, Germany, and Transtools in Lublin, Poland. No deal value was given.
Interpump Group signed a binding agreement to acquire the international subsidiaries and the manufacturing unit of Finland-based GS-Hydro, a piping systems maker, for EUR 9 million, with closings expected by end of February 2018.
OMERS and Berkshire agreed to sell Husky to Platinum Equity for $3.85 billion. Husky makes injection molding systems.
VanZandt Controls, an OFS Energy Fund portfolio company in Odessa, Texas, acquired the machining assets of Flatland Forge to machine valve packaging components in-house.
Horb-based press maker Lauffer Pressen has combined with Chinese press manufacturer HFM (Hefei Metalforming Intelligent Manufacturing), which will become a strategic partner. Lauffer reported 2017 order intake of about EUR 50 million and sales of EUR 45 million, and says it will remain independent.
Japan's Kyoto Seisakusho acquired PMI Cartoning, Inc. of Elk Grove Village, Illinois, to form PMI KYOTO Packaging Systems, which will keep operating from the Illinois site and offer cartoners, case packers, over-wrappers and palletizers.
Swedish holding company FAM AB completed its acquisition of Sandvik Process Systems (SPS), a supplier of industrial process solutions, from IPCO AB on 1 December 2017. The business will operate under the IPCO name after a branding transition.
Landi Renzo and Clean Energy Fuels will combine their compressor manufacturing subsidiaries into a new standalone company, with Landi Renzo owning 51% and Clean Energy 49%. Closing is anticipated before the end of 2017, and the combined company will be headquartered in San Giovanni Persiceto, Italy.
Svoboda Capital Partners sold industrial distributor Blake & Pendleton to Five Points Capital and the senior management team. Svoboda had acquired the company in June 2013 from KLH Capital.
Beijing Sanlian Hope Shin-Gosen Technical Service acquired 80% of Swiss polymer plant builder Polymetrix AG from the Bühler Group, which keeps 20%. Closing is expected at the beginning of 2018.
Sonatrach and Baker Hughes, a GE Company, created a joint venture, 51% Sonatrach and 49% Baker Hughes, to produce oil and gas equipment in Algeria. The 20,000 m2 industrial complex in Oran carries a joint investment of $45 million and is expected to be operational in December 2019.
Hennecke GmbH agreed to acquire all shares of OMS Group, a polyurethane processing machinery and plant maker, with the sale expected to become legally effective at the end of December 2017 and all jobs and sites retained.
Clayton, Dubilier & Rice funds agreed to acquire a majority stake in SunSource Holdings, a distributor of hydraulic and pneumatic fluid power products in the US and Canada. Terms were not disclosed.
Continental has acquired Custom Machining Services, Inc., a Valparaiso, Indiana maker of hose assembly equipment, crimpers and dies, to expand its industrial hose services. Terms were not disclosed.
Motion Industries, a subsidiary of Genuine Parts Co., reached a definitive agreement to acquire Cedar Rapids-based Apache Inc., a supplier of industrial belts and hoses, with closing expected on 1 November 2017. The deal is expected to add about $100 million in revenue to Motion.
AFGlobal acquired the Axon pressure pump technology and product line from Amkin Technologies, a privately held oilfield equipment developer. The purchase lets AFGlobal supply fluid and power ends alongside its pressure pumping systems.
Japan's Nidec Corp acquired a 100% ownership interest in LGB Elettropompe Srl, an Italian commercial pump and motor manufacturer, reported in World Pumps' Q3 2017 review.
Flowtech Fluidpower plc acquired Group HES Ltd, a Gloucester-based fluid power solutions provider with branches in Birmingham, Durham, Gloucester and Leeds, adding it to its Power Motion Control division. The deal was announced on 12 October 2017.
The private owners of Spitznas Maschinenfabrik in Velbert, Germany, and Transtools in Lublin, Poland, agreed to sell their entire shareholding to an investment vehicle managed by ARCUS Capital AG. Clairfield advised the sellers.
Wärtsilä agreed to acquire Puregas Solutions, a Sweden-based provider of biogas upgrading solutions with subsidiaries in Germany, Denmark, the UK and the USA. The enterprise value is SEK 280 million (EUR 29 million), plus up to SEK 70 million more based on performance.
Trask-Decrow Machinery transferred its plant air compressor business to Ingersoll-Rand, its long-time distributor partner. Both companies will share the same location in Scarborough, Maine, while Trask-Decrow keeps its industrial pump and portable equipment business.
Atlas Copco acquired C.H. Spencer & Company, a US distributor of industrial pumps and compressors serving Nevada, Wyoming and Idaho. About 40 employees join Atlas Copco and the price was not disclosed.
Japan's Nikkiso closed its acquisition of California-based Cryogenic Industries Inc and Cryogenic Industries AG of Basel, makers of cryogenic centrifugal and reciprocating pumps and equipment for industrial gas and LNG markets. The deal value was not disclosed.
Toromont Industries agreed to buy privately held Hewitt Group, operator of 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador West and Ontario, for about C$1.02 billion in cash and shares, expected to close by mid-October.
Metallenium, based in Lubbock, Texas, announced its strategic merger with Service Compression, a rental compressor fleet operator in Van Buren, Arkansas, for undisclosed cash and stock. The transaction closed in the second quarter of 2017.
Nabors Industries signed an arrangement agreement to acquire all outstanding shares of Tesco Corporation, with each Tesco share exchanged for 0.68 Nabors shares. The deal values Tesco at $4.62 per share and is expected to close in the fourth quarter of 2017.
Mespack, a Duravant subsidiary making flexible packaging machinery, acquired Barcelona-based SR Innova, which makes secondary packaging and end-of-line machinery. The deal was announced on August 8, 2017; the value was not disclosed.
Effective August 1, 2017, Medo USA Inc. merged with its parent company Nitto Kohki USA in Roselle, Illinois, unifying the US corporate structure. Product models, part numbers and pricing are unchanged.
SPX FLOW and WTE Wajdi Group signed an agreement to form a joint venture offering rotating and static equipment services to oil, gas, industrial and power customers in Iraq. The JV will be based in Dubai with a field subsidiary at North Rumalia Oil Field in southern Iraq.
Sauer Compressors Holding has acquired a 100% shareholding in HAUG Kompressoren AG of St. Gallen, Switzerland, which has been renamed HAUG Sauer Kompressoren AG. The deal adds oil-free and gas-tight piston compressors to Sauer's range.
Hitachi published a notice setting the transfer execution date for its acquisition of a U.S.-based air compressor manufacturer. The article gives no target name, value or closing details.
Timken India Ltd., a majority-owned subsidiary of The Timken Company, agreed to merge with ABC Bearings Ltd., a maker of tapered, cylindrical and spherical roller bearings based in Mumbai with plants in Bharuch and Dehradun, in a share-based deal subject to Indian approvals.
Soga Energy Team formalized its acquisition of CMZ Sistemi Elettronici Srl, a Vascon (Treviso) maker of industrial motion control electronics, drives and motors, on June 28, 2017.
Sulzer has completed the acquisition of industrial pumping solutions company Ensival Moret, combining their portfolios into a full line of pumps and mixing solutions.
Enerflex agreed to acquire the compression business of Mesa Compression, LLC in the United States for $106 million in cash, adding a fleet of about 112,000 hp in the Permian and Scoop/Stack basins.
RIX Industries, a Benicia, California compressor maker, announced it acquired Qdrive, a subsidiary of Chart Industries, including its assets and IP to expand RIX's cryogenics business. The announcement is dated June 16, 2017.
Kirby Corporation signed a definitive agreement to acquire substantially all assets of Stewart & Stevenson for about $710 million before adjustments. Funding is half credit facility and half Kirby stock, with closing expected in the third quarter of 2017.
Uhlmann Packaging Systems L.P. of Towaco, New Jersey acquired Cremer Speciaalmachines B.V., a Dutch manufacturer of counting and packaging systems based in Lisse. Financial terms were not disclosed.