Bessemer-backed Tencarva Machinery Company acquired Fischer Process Industries, a distributor of pumps, valves and process equipment headquartered in Loveland, Ohio. Financial terms were not disclosed.
Atlas Copco agreed to acquire Sykes Group Pty Ltd from Seven Group Holdings, a manufacturer of dewatering pumps based in Newcastle, New South Wales. The price was not disclosed and closing is expected in Q4 2023.
Rotork has acquired Hanbay, a Montreal, Canada-based designer of flow control solutions. The acquisition is reported in an industry news roundup dated August 17, 2023.
Voigt-Abernathy Sales Corporation completed the asset purchase of Texas Process Equipment Company, a Houston-headquartered distributor of pumps and process equipment serving Texas and Oklahoma.
Relevant Industrial, LLC, a distributor of instrumentation, automation, rotating equipment and valve solutions, announced a formal agreement to acquire Marshall W. Nelson & Associates, Inc., headquartered in Milwaukee, Wisconsin.
Michigan City-based Hitachi Global Air Power US acquired Henry Production Inc., parent of Pumps and Service, in Farmington, New Mexico. Pumps and Service distributes and services Sullair air compressors and pumps, and Henry Production builds gas compression packages.
Avingtrans plc has acquired Derby-based pump manufacturer Slack & Parr for a total consideration of £2.6 million after it entered administration. The deal will save 100 skilled jobs across its facilities in Kegworth, the USA and Asia.
BDK Valves and Gurukrupa Group have completed the 100% acquisition of Theis Precision, a valve maker. The source gives few other details.
Micropump joined CEME Group as of 3 August 2023, forming a fluid control group that combines solenoid valves and rotary vane, gear and special pumps. The announcement was published on 19 September 2023.
Score Group acquired Kampen Valve Care B.V., a provider of valve maintenance and repair services to European downstream and upstream markets, to expand in the Netherlands and Benelux. The deal was announced in July 2023.
Fluid Power Solutions has welcomed Safe Air Valve Company into its team, adding pneumatic valve repair, pneumatic systems and component distribution to its hydraulic repair services.
BBB Industries, a portfolio company of Clearlake Capital Group, has acquired Hydraulex, a Michigan-based remanufacturer and supplier of hydraulic pumps, motors, cylinders and valves. TM Capital acted as exclusive financial advisor to Hydraulex.
The Collins Companies of East Windsor, Connecticut acquired Washburn-Garfield Corporation, a pipe, valves and fittings distributor, and Waites Company of Worcester, Massachusetts, an abrasives and cutting tools distributor. The deal was announced July 18, 2023.
SKF signed an agreement to sell Spandau Pumpen, its coolant pump business, to EBARA Pumps Europe S.p.A., a group company of EBARA Corporation. The divestment is expected to close at the end of September 2023 and is not material to SKF's financials.
EBARA Pumps Europe S.p.A. agreed to acquire the submersible pump production business Spandau Pumpen from SKF Lubrication Systems Germany GmbH effective 11 July 2023, moving production to Italy.
Avingtrans subsidiary Hayward Tyler completed the purchase of certain Slack & Parr assets from administration, plus its US and Asia subsidiaries, for up to £4.9m at Kegworth, Derbyshire.
On 3 July 2023 Danish pump maker Grundfos acquired UK-based telemetry and analytics firm Metasphere from private equity investor XPV Water Partners. Financial terms were not disclosed; Bluefield estimates US$60-70 million.
Flowserve signed a definitive agreement to buy the Valves Division of Trillium Flow Technologies for $490 million in cash, serving nuclear and traditional power markets; closing is expected mid-2026.
Arcline Investment Management proposed a take-private acquisition of Burlington, Massachusetts-based CIRCOR International at $57 per share, above KKR's $51 per share offer. The proposal was announced on June 28, 2023.
KSB announced the acquisition of Bharat Pumps and Compressors' technology, becoming sole owner of the products' technology and taking over spare parts and service for about 5000 BP&CL products in India.
Flowplant Group, a provider of high-pressure jetting and pumping solutions in Salisbury, UK, was acquired in a management buyout completed on June 23, 2023, through the newly formed SSPM Holdings Limited led by Steve Smith.
Continuim Equity Partners, with Ronald Mumbray, has acquired Fluid Sealing International and Anchor Seals, forming Anchor Holding Group, a Coraopolis, Pennsylvania maker of seals, gaskets and pumps. It is the first of Continuim's planned fluid control acquisitions.
Tundra Process Solutions, a wholly-owned subsidiary of Wajax Corporation, has acquired Powell Valve, the valve business division of Powell Canada Inc. Powell Valve has 38 employees and three facilities, which will expand Tundra's valve servicing capabilities and geographic reach.
Graycliff Partners provided subordinated debt financing for Rox Capital's acquisition of Neil Technical Services and its merger with Scruggs Company in Texas, creating a regional pump, motor and valve service provider in Houston.
Motion & Control Enterprises (MCE) acquired Power & Pumps, Inc., a Jacksonville, Florida distributor of pumps, drives, blowers and power transmission products serving Florida and Georgia.
KKR agreed to acquire pump and valve maker Circor in a deal worth $1.6 billion including debt, announced June 5, 2023.
AD, a buying group for independent distributors, announced an intent to merge with The Baron Group, a buying group serving groundwater, well and pump distributors, with closing expected June 30, 2023. The combined members have almost 100 locations across the US and Canada.
Triosim Corporation signed a purchase agreement for the assets of Somarakis, Inc., including inventory and intellectual property, making it the authorized Somarakis pump repair provider. Triosim will build new Somarakis-model vacuum pumps at its facilities in Leland NC, Clinton LA, Middletown OH and Montgomery AL.
Xylem said it would acquire the Cornell Pump and Roper Pump businesses from Indicor for $1.46 billion, expanding its industrial and municipal pumping operations.
Momentum Group signed an agreement on 22 May 2023 to acquire 93.7 percent of Askalon AB from the founding Warnqvist family, at an enterprise value of SEK 240 million for 100 percent. Closing is expected in early June 2023.
Ambienta's water pump platform Wateralia acquired Italian pump distributors Linea Ricambi and Bergomi Trading, combined as Caprari Trading. The two companies serve more than 850 clients and add aftersales and distribution capacity to Wateralia.
Hawle Austria Group has acquired the valve manufacturing division of McWane India, strengthening its position in India. Hawle will keep operations running and retain the employees.
Crane Engineering, a Wisconsin fluid technology distributor, acquired Professional Pump, Inc., a Belleville, Michigan distributor of pumps and fluid process equipment. The deal extends Crane's service footprint into Michigan and Northwest Ohio. Existing management will remain.
DXP Enterprises announced it completed the acquisitions of Riordan Materials Corporation and Florida Valve & Equipment/Environmental MD, both water-market suppliers, funded with cash. Riordan serves Mid-Atlantic and Northeast states and Florida Valve serves Florida municipal water markets. The definitive agreements were signed May 1, 2023.
Scana ASA, through subsidiary Scana Valve Control, agreed to transfer its 49% stake in the Korean joint venture Scana Korea Hydraulic to SKH for about NOK 40 million, with closing expected in Q2 2023, alongside a new strategic cooperation agreement with Skarpenord.
HANSA-FLEX AG has acquired Knapheide, a hydraulic systems supplier to German machinery makers with about 400 employees and revenue in the high double-digit millions of euros, as a strategic investment in mid-April 2023. Knapheide keeps its name and sites.
Fort Wayne-based industrial supplier 3BG has completed its acquisition of Controls and Electric Motor Co. (CEMCO), a provider of motors, drives and pumps in southwest Missouri. Financial terms were not disclosed and the Missouri facility will stay open with plans to expand.
Indutrade acquired Waalwijk-based Siersema Komponenten Service BV, a distributor of valves, pumps, filters and heat exchangers for food and pharmaceutical processing. The company has about 35 million euros in annual sales and 50 employees.
Holland Pump Co acquired BPR Pumping & Vacuum Solutions, a Texas pump rental business with Houston and Austin branches. The deal is Holland Pump's sixth acquisition since partnering with XPV Water Partners.
Xylem entered a definitive agreement to acquire Evoqua Water Technologies in a US$7.5 billion all-stock transaction. The deal adds advanced water treatment and service capabilities.
Busch USA has acquired Vac-Tech Inc., a vacuum pump service and sales provider with locations in Phoenix, Arizona and Richardson, Texas. Vac-Tech will keep its brand as a Busch Group company.
Atlas Copco completed the acquisition of assets of Shandong Bozhong Vacuum Technology, a Zibo, China maker of liquid ring vacuum pumps and systems with 116 employees and about 90 million CNY in 2021 revenue. The purchase price was not disclosed.
Celeros Flow Technology entered a definitive agreement to sell its Filtration business unit to UK-headquartered private equity firm Px3 Partners.
Thompson Pump distributor Florida Pumping Solutions acquired American Sock & Dewatering, a socking company in Northern Florida.
Atlas Copco agreed to acquire National Pump & Energy, a pump, power and compressor rental and sales business in Australia and New Zealand, with closing expected in Q2 2023. The price was not disclosed.
Krones signed an agreement on 20 April 2023 to acquire 90% of Ampco Pumps Company LLC, a Wisconsin supplier of sanitary pumps and mixing equipment to food, beverage, dairy and pharma markets. Ampco generated about US$50 million revenue in fiscal 2022, and closing is expected in the first half of 2023.
PumpMan Holdings acquired the DAS Group, a Pittsburgh manufacturer's representative for municipal water and wastewater process equipment, and merged it into PumpMan Pittsburgh in Allison Park, Pennsylvania. The deal is PumpMan's twelfth acquisition.
Danish marine pump specialist Svanehøj acquired Complete Cryogenic Services in Tustin, California, which services electric submerged pumps on LNG carriers. CCS will continue as Svanehøj CCS under Svanehøj Service Solutions with its nine employees.
Flowserve agreed to acquire Velan in an all-cash deal valued at about $245 million (C$329 million), including assumed debt. The transaction is expected to close by the end of the second quarter of 2023.
KSB Limited acquired the technology of the products made by Bharat Pumps and Compressors Ltd in Naini, Prayagraj, giving it sole ownership. KSB's SupremeServ unit will handle spare parts and service for around 5000 BP&CL products in India.