Ingersoll Rand completed its acquisition of Tuthill Vacuum and Blower Systems, a division of Tuthill Corporation based in Springfield, Missouri, for $184 million in cash. The unit makes MD Pneumatics and Kinney Vacuum Pump products.
Shape Technologies Group completed its acquisition of Riverstone Waterjets, which will be rebranded Riverstone Pressure Systems and join Advanced Pressure Systems in its Waterblast Group. The Leduc, Alberta business supplies high-pressure products, hose assemblies and pumps in Canada.
Atlas Copco has acquired DGM SRL, a privately owned Vicenza-based distributor of compressed air equipment and services serving industrial customers in Italy's Veneto region. The price was not disclosed.
Burckhardt Compression signed the contract to acquire the remaining 40% stake in Shenyang Yuanda Compressor, a China-based compressor maker with about 650 employees, on January 25, 2021. Closing was expected within two weeks, and the purchase price was not disclosed.
Lane Supply Holdings, the Denver-based industrial distributor, announced the acquisition of Palmetto Compressors, Inc. and Fountain Inn Mechanical, Inc., expanding its compressed air business into the Southeast US on January 19, 2021.
Danfoss completed the full acquisition of Artemis Intelligent Power, an Edinburgh-based hydraulic R&D company. The deal lets Danfoss commercialize its Digital Displacement pump technology globally, and about 60 employees joined Danfoss.
Four gas compressor parts and services companies, H&S Valve, Ignition System and Control (ISC), Global Compressor and Potemkin Industries, combined to form Global Compression Services, operating from 11 locations serving US shale plays.
Wajax Corporation agreed to acquire all shares of Tundra Process Solutions, an Alberta industrial maintenance and process equipment distributor, for total consideration of $99.1 million, paid in cash and shares. Closing is expected early in Q1 2021, subject to approvals.
FLSmidth agreed to sell its Germany-based Möller (FLSmidth Hamburg GmbH) pneumatic conveying systems business to French group REEL. The agreement was signed on 29 December 2020 and the terms are confidential.
Spectris plc sold Brüel & Kjær Vibro GmbH, a Darmstadt-based machinery protection and condition monitoring supplier, to Japan's NSK for EUR 180 million (GBP 163 million).
MFCP, a Parker Hannifin distributor, acquired Controlled Motion Solutions (COMOSO), Parker's largest tri-technology distributor in the Southwest, with ten locations in California, Arizona and Nevada. The deal was announced on December 7, 2020.
SPX FLOW entered a combination agreement to launch a recommended public tender offer for all shares of Finland's Uutechnic Group Oyj (UTG Mixing Group) at EUR 0.60 per share in cash. Closing is expected in Q1 2021.
Cleveland private equity firm CapitalWorks completed a majority investment in Electromechanical Research Laboratories (ERL) of New Albany, Indiana, and its subsidiary Law Valve of Texas. ERL makes pumping, gauging and venting equipment for tank barges.
Quincy Compressor acquired Scales Industrial Technologies, based in Carle Place, New York, which operates five locations in NY, NJ, PA, CT and MA. The deal was announced on April 14, 2016.
Ingersoll Rand has agreed to acquire the assets of Tuthill Vacuum and Blower Systems from Tuthill Corp in an all-cash transaction valued at US$184 million.
Neuman & Esser (NEA Group) acquired Brazil's HYTRON Energy & Gas on 19 November 2020. HYTRON, based in Sumaré, São Paulo, provides engineering and system integration for PEM and alkaline electrolysers and gas reformers and is integrated into NEA Energy Solutions.
Investment firm Zinc Capital acquired 100% of Teclena, a Leiria-based distributor of hydraulic, pneumatic, electrical and electronic components and industrial equipment. The deal was advised by Bakertilly.
Atlas Copco agreed to acquire Ehrler and Beck GmbH, a distributor of vacuum equipment and services based in Renningen, Germany with 15 employees. The purchase price was not disclosed and the deal is expected to close in January 2021.
Interpump Group announced that the merger by incorporation of its wholly owned subsidiary Mariotti & Pecini, a maker of mixers and agitators, has taken effect. Interpump had bought 60% of the company in 2017 and later acquired the remaining 40%.
Lufkin Industries completed its acquisition of Schlumberger's North American Land Rod Lift Business, a provider of rod lift products and services with brands including Don-Nan and Shores Lift Solutions.
The Carlyle Group agreed to acquire Flender GmbH, a mechanical and electrical drive technology maker, from Siemens AG. The deal is subject to regulatory approval, and Jeantet advised Carlyle on it.
Chicago-based private-equity firm Capital Concepts Holdings, LLC acquired QCC, a precision machining, assembly and testing services provider. The announcement is dated 29 April 2021.
QCC LLC acquired the Woodward EFC (Electronic Fuel Control) product line, supporting continuity of supply for industrial, mobile off-highway and energy customers. The announcement is dated 16 December 2024.
ELGi USA, a subsidiary of Elgi Equipments, formed G3 Compressors, LLC, a North Carolina joint venture with 50% ownership held by Chad Gooding, with a proposed total investment of $100,000 in Class A shares.
Cargotec and Konecranes have signed a combination agreement and merger plan under which Konecranes will be merged into Cargotec. The combined company would have illustrative annual sales of about EUR 7.0 billion.
BHS Corrugated has taken over all shares of Universal Corrugated B.V. from Minda Industrieanlagen, effective September 2020. Uwe Leopold was appointed Managing Director of the Almelo, Netherlands plant, which employs almost 40 people.
Burckhardt Compression signed a memorandum of understanding to buy the remaining 40% of Chinese compressor maker Shenyang Yuanda Compressor, which it has partly owned since 2016. It plans to exercise the call option in November 2020 and finance the deal with a Swiss bond.
Wise Road Capital, through affiliates, agreed to acquire a 100% interest in Swiss pressure and flow measurement component maker Huba Control from Siemens, subject to closing conditions.
Xebec Adsorption agreed to acquire Applied Compression Systems Ltd., a British Columbia service provider for renewable natural gas and hydrogen installations, for approximately $4.5 million. The deal is effective August 31, 2020.
Compass Energy Systems signed an agreement to acquire Exterran's U.S. natural gas compression assets, including its Brittmoore Road facility in Houston, with closing expected in Q4 2020.
Ingersoll Rand's Industrial segment completed its previously announced merger with Gardner Denver Holdings, creating a global leader in mission-critical flow creation and industrial technologies. The combined company will operate as four reportable segments.
Rotating Machinery Services (RMS) announced the acquisition of the AC Compressor business from Baker Hughes, a GE Company, including its personnel, intellectual property, tooling and CONMEC compressor drawings and designs.
CECO Environmental agreed to form a joint venture combining its Effox-Flextor damper business with the damper business of Mader Machine Co., a CHIEF Capital portfolio company. CECO will hold 70 percent of the equity and consolidate the joint venture.
Sonoco acquired Can Packaging, which makes paper cans and packaging machines at two French facilities in Habsheim, for a transaction valued at EUR 41.7 million. The deal was announced on August 4, 2020.
Atlas Copco acquired the assets of THN Druckluft and Produktions GmbH & Co.KG, a compressed air and service provider based in Erkelenz, North Rhine-Westphalia, Germany, on August 4, 2020. The purchase price was not disclosed.
Big Shoulders Capital of Northbrook, Illinois acquired F.H. Ayer Manufacturing Company, a Chicago Heights rebuilder of industrial pumps, turbines, gearboxes and valves, in a deal advised by Houlihan Capital. The sale was reported as August 2020.
Neuman & Esser Group acquired Norwalk Compressor Co. of Stratford, Connecticut, including its manufacturing assets, products, trademarks and workforce. The announcement was made on 2020-07-31.
KPS Capital Partners agreed to acquire substantially all assets of Briggs & Stratton, including foreign subsidiary equity, for about $550 million as Briggs & Stratton filed for Chapter 11, with KPS also providing $265 million in DIP financing.
Barloworld announced an addendum renegotiating the terms of its planned acquisition of Wagner Asia Equipment and 49% of SGMS, with the purchase consideration restructured and closing expected September 1, 2020.
Interpump Group published the merger-by-incorporation project for Mariotti & Pecini, a mixer and agitator maker it fully controls after acquiring the remaining 40% stake this year. The group had originally bought 60% in 2017 for about EUR 9 million.
Denver-based private equity firm Lion Equity Partners acquired Global Compression Services from Warren Equipment Company, a Midland, Texas provider of heavy equipment. The deal was announced December 31, 2024.
BendPak Holdings, a subsidiary of BendPak, Inc., acquired certain assets and intellectual property from Garage Equipment Supply, Inc. and its IP holding company, including the Dannmar, MaxJax and Garage Equipment Supply brands. Terms were not disclosed.
Sulzer has acquired a 25% stake in Tamturbo Plc, a Finnish maker of oil-free industrial air compressor systems. The two companies had a sales and supply agreement since 2018.
Atlas Copco acquired Ovity Air Comprime, a distributor of industrial air compressors based in Le Mans, France, with 8 employees. The purchase price was not disclosed. The announcement is dated June 5, 2020.
Kobe Steel has acquired an additional 25.7% stake in Wuxi Compressor from Wuxi Victor Group, raising its holding to 70% and making it a subsidiary. Wuxi Compressor makes non-standard process gas compressors in Wuxi, Jiangsu.
Sulzer has acquired a 25 percent stake in Tamturbo Plc, a technology company that develops and manufactures oil-free industrial air compressor systems. The deal aims to strengthen Sulzer's industrial air compressor offering.
Eaton announced the sale of its hydraulics business, excluding its filtration and golf club grip businesses, to Danfoss A/S for $3.3 billion in cash. The business had 2019 sales of $2.2 billion and about 11,000 employees, and the deal is expected to close by year-end.
Vydraulics Group, a supplier of hydraulic cylinders, systems and components, completed its acquisition of Doedijns Group International, a designer and producer of engineered hydraulic and pneumatic solutions, from IK Investment Partners. Financial terms were not disclosed.
Daikin Industries completed its acquisition of all shares of Duplomatic MS Spa, the Parabiago, Italy-based maker of hydraulic and electromechanical motion control components, on June 30, 2022.
Dana Incorporated completed the acquisition of the power-transmission and fluid power businesses of Dana Brevini Group S.p.A., announced 3 April 2017.