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Honeywell agreed to acquire Compressor Controls Corporation (CCC), a turbomachinery control provider, from INDICOR LLC for $670 million in an all-cash deal announced April 26, 2023. The deal is about 15x 2023E tax-adjusted EBITDA.
Roper Technologies agreed to sell a majority stake in its industrial business to private equity firm Clayton Dubilier & Rice for $2.6 billion, keeping a 49% stake in the business to be spun off as a standalone company. The announcement was made on June 1, 2022.