Industrial Service Solutions, backed by Edgewater Growth Capital Partners III, completed the acquisition of Madison-Smith Machine & Tool, a Kentucky-based plant maintenance, repair and precision machining provider, in December 2012.

Valmet agreed on February 26, 2019 to acquire North American GL&V, a global supplier of technologies, rebuilds and spare parts to the pulp and paper industry, for an enterprise value of about EUR 113 million on a cash and debt free basis. Completion is estimated at the earliest on April 1, 2019.

First Reserve agreed to buy Weir Flow Control, a maker of engineered valves and pumps, from The Weir Group PLC in a £275 million deal. Closing is expected in the second quarter of 2019, subject to antitrust approvals.

Aliaxis signed an agreement to divest pump maker Rheinhütte Pumpen to ITT Inc. for a cash consideration of about €80.5 million. The deal is expected to close in the second quarter of 2019, subject to regulatory approvals.

Industrial Flow Solutions, a portfolio company of May River Capital, acquired Stancor LP of Monroe, Connecticut and BJM Pumps of Old Saybrook, Connecticut, in a merger with the sellers Longview Asset Management and Knox Capital. No financial terms were disclosed.

French sanitary manufacturer SFA acquired Zehnder Pumpen GmbH of Grünhain, Saxony, which will become a wholly-owned subsidiary and keep its own brand. Dentons advised SFA on the deal, which was reported on 29 January 2019.

Danfoss announced it acquired a majority stake in Artemis Intelligent Power, an Edinburgh-based R&D firm specializing in hydraulic systems, gaining its Digital Displacement technology and establishing Edinburgh as a centre of excellence.

Applied Industrial Technologies agreed to acquire FCX Performance, a Columbus, Ohio distributor of specialty flow control products, for about $768 million, expected to close within 30 days. The deal is financed with a new credit facility.

Spirax-Sarco signed an agreement to buy Thermocoax Developpement from Chequers Capital and TCR Capital for $179 million. The deal was reported in a 2019 review of valve sector M&A.

Weir agreed to sell its Flow Control division to private equity firm First Reserve for an enterprise value of GBP 275 million in Q1 2019.

Private equity firm May River Capital, with Longview Asset Management and Knox Capital Holdings, merged Stancor LP with BJM Pumps LLC in Q1 2019.

Franklin Electric added Milan Supply Co, a Michigan-based groundwater distributor, to its Headwater business in a US$5.9 million deal in Q1 2019.

AxFlow Group's Brown Brothers Engineers/Kelair Pumps acquired GT Water Technologies, a family-owned maker of fire water tanks in the Melbourne area, in Q1 2019.

United Rentals announced on February 15, 2019 its acquisition of the rental division of Thompson Pump. MWI Pumps' CEO commented on the deal, which involves specialty pump rental locations and their employees.

Ingersoll-Rand announced it is acquiring Precision Flow Systems from funds advised by BC Partners and Carlyle Group for $1.45 billion, its largest deal since 2007.

Ingersoll Rand has made a binding offer to acquire Precision Flow Systems from BC Partners and The Carlyle Group for $1.45 billion. PFS makes fluid management systems and has about 1,000 employees and seven global plants.

Knoll Maschinenbau is selling its eccentric screw pump (MX) business, which it has run for about 15 years, to Pumpenfabrik Wangen effective 1 April 2019. Knoll will focus on its core metalworking chip and coolant management business.

Atlas Copco acquired Industrie Pumpen Vertriebs GmbH (IPV), a Dresden-based distributor of industrial pumps for the Varisco brand with about 20 employees and revenues of roughly EUR 5 million in 2017. The purchase price was not disclosed.

AURELIUS Equity Opportunities will acquire VAG, a valve maker for water, wastewater, dams, power stations and energy, from US-based Rexnord. AURELIUS plans to separate VAG and expand its biggest facility in the Czech Republic.

Gardner Denver Holdings has acquired MP Pumps, a Fraser, Michigan maker of specialty industrial pumps, for a net purchase price of about $58 million in cash. MP Pumps was previously owned by Lionheart Industrial Group.

Arable Capital Partners has acquired Hydratec, Lodi Pump & Irrigation and Universal Irrigation & Supply, which will merge into a platform called Laurel Agriculture + Water Solutions. No financial terms were disclosed.

Italian valve manufacturer Fratelli Pettinaroli completed the full acquisition of Michigan-based Jomar Group, a maker of ball, butterfly and check valves, in summer 2018, following a 50% stake bought in 2001. The deal was reported on 2018-12-12.

The Verder Group has acquired JEC Limited, a South Korean manufacturer of hygienic rotary lobe, centrifugal and twin-screw pumps for the food, pharmaceutical and hygienic markets. JEC will continue under director James Song.

CITIC Capital Japan Partners III completed its acquisition of the entire stake in Nippon Oil Pump Co., Ltd. on 4 December 2018. Nippon Oil Pump makes internal gear pumps for machine tools, construction vehicles and other end markets. Financial terms were not disclosed.

Spirax-Sarco Engineering signed a conditional agreement to buy Gestra AG and associated businesses from Flowserve for a cash-free, debt-free consideration of EUR 186 million. Gestra is headquartered in Bremen, Germany and makes boiler control systems, valves and steam control equipment. Completion awaits German merger control approval.

Finnish valve and pump maker Flowrox Oy acquired NovaTek AB, a filtration technology company based in Sodertalje, Sweden, to grow in solid/liquid separation.

Emerson agreed to purchase the Valves & Controls business of Pentair for $3.15 billion, strengthening its global presence in control, isolation and pressure relief valves and actuation.

Neles, formerly Metso's valve business and now part of Valmet, closed its acquisition of Indian valve company Rotex Manufacturers and Engineers Pvt. Ltd. in late 2018. The deal expands Neles' product range and services in India.

Winsupply acquired MSI Supply, a full-line distributor of PVF, flanges and fasteners serving the petroleum and pharmaceutical industries, on 27 November 2018.

Valve manufacturer Ainsworth Engineering and distributor United Valve Company were sold to new owner Siyabonga Meyiwa in a deal funded by the Industrial Development Corporation. The sale concluded in September 2018 and the companies were upgraded to Level 1 BBBEE status.

Wynnchurch Capital acquired Midland Metal Mfg., a distributor of fittings, valves and clamps for industrial end markets, on 7 November 2018.

Mueller Water Products signed a definitive agreement to acquire Krausz Industries Ltd for $140 million in cash.

Applied Industrial Technologies has acquired Fluid Power Sales, a manufacturer and distributor of fluid power components based in Baldwinsville, New York. Terms of the purchase were not disclosed.

Metso has completed its acquisition of the valve automation division of India-based Rotex Manufacturers and Engineers, by buying all shares of RMEBS Controls Private Limited. The deal adds actuators, limit switches and process valves to Metso's valve portfolio.

Wärtsilä sold its Wärtsilä Pumps business, based in Aalborg, Denmark, to Solix Group, a Scandinavian investment company. Pumps business sales were about EUR 50 million in 2017. The deal was announced on 31 October 2018.

Franklin Electric acquired Industrias Rotor Pump SA, an Argentinian maker and distributor of water pumping equipment, in Q3 2018.

United Rentals completed its acquisition of BakerCorp International Holdings for a total purchase price of around US$715 million in Q3 2018.

Danfoss acquired the majority of Artemis Intelligent Power, an Edinburgh hydraulic R&D firm, to gain its Digital Displacement technology. Artemis will become a joint venture with Mitsubishi Heavy Industries, with Danfoss as majority shareholder.

According to sources, Weir has launched the sale of its flow control pumps and valves business, which could be valued at more than 300 million pounds ($389 million), with first-round bids due November 9 and Goldman Sachs handling the sale.

Kumkang Kind plans to acquire 21 million shares in Kspvalve worth 10.5 billion won, giving it a 57.5 percent stake after the transaction.

AURELIUS Equity Opportunities agreed to acquire water valve manufacturer VAG of Mannheim, Germany, from US-listed Rexnord Group. VAG has 1,200 employees and about EUR 200 million in recent sales; the deal was scheduled to close in Q4 2018.

Festo announced the acquisition of Fabco-Air, a Gainesville, Florida manufacturer of pneumatic automation components, which will continue to operate independently in Gainesville.

Korean automotive supplier Hanon Systems agreed to acquire Magna International's global Fluid Pressure & Controls business for an enterprise value of about $1.23 billion, with completion expected in Q1 2019.

Swedish-based AxFlow agreed to buy the pump trading businesses of Mace Group, including Brown Brothers Engineers, Brown Brothers Engineers Australia and Kelair Pumps Australia, with the sale effective 1 October 2018.

Saddle Brook-based PumpMan acquired Scott's AZ Motor Electric Repair, a provider of mechanical component and motor control repair, to expand its pump service network in the Phoenix market. The owners will continue to lead the company.

Summa Equity has signed an agreement to acquire Lakers Holding AB, a Nordic group servicing pumps, pumping stations and electrical motors across Norway, Sweden and Denmark. Completion is subject to regulatory approval and expected in October 2018.

Hayward Industries closed its acquisition of Paramount Leisure Industries, a pool equipment maker. Paramount will continue to operate as an autonomous business under its own name with the same management and staff.

Wolseley Canada acquired Calgary-based James Electric Motor Services, a market leader in pump and motor sales and repair in Western Canada, with all 64 employees joining Wolseley. The deal was announced in September 2018.

Ebara Corp has merged its wholly-owned Brazilian subsidiaries Thebe Bombas Hidráulicas and Ebara Indústrias Mecânicas e Comércio into a new company, Ebara Bombas América do Sul. The restructuring was reported in September 2018.

Archer Limited has agreed to sell its AWC Frac Valves unit, based in Conroe, Texas, to a US private equity fund for USD 30 million on a debt- and cash-free basis. An earn-out of up to USD 5 million depends on 2018 results.