OMAHA, Neb. – Earthwise Environmental, based in Wood Dale, Ill., has been acquired by Water Engineering. Earthwise will join the Water Engineering platform and compliment WEI’s expanding presence in water treatment solutions across 39 states. Founder Robert (“Bob”) Miller is remaining with Earthwise to ensure a smooth transition.
pump industry mergers & acquisitions
EVERETT, Wash. – Fluke Corp, a wholly owned subsidiary of Fortive Corporation, has acquired California-based Solmetric.
CHINO, Calif. – Harrington Process Solutions has announced that it has entered into a definitive agreement to be acquired by Bain Capital Private Equity (“Bain Capital”). Harrington will continue to operate as a standalone company and be led by its current management team.
MIAMI – Watsco, Inc. has announced that it has completed the acquisition of Gateway Supply Company, Inc., a distributor of plumbing and HVAC products.
KENT, U.K. – As of September 1, 2023, Obart Pumps officially becomes Tsurumi Pumps UK Ltd. The name change follows the acquisition of Obart Pumps by Tsurumi (Europe) GmbH back in 2020, when Obart Pumps first became part of the global network of companies that belong to Tsurumi Manufacturing Company of Japan.
EVERETTE, Wash. – Fluke Reliability, a wholly owned subsidiary of Fortive Corporation, has acquired Azima DLI, who specializes in subscription-based remote condition monitoring and AI-powered vibration analytics software.
DAVIDSON, N.C. – Ingersoll Rand Inc. has completed the acquisition of Howden Roots LLC (“Roots”) from Chart Industries, Inc. in an all-cash transaction of approximately $300 million. As part of the transaction, Ingersoll Rand has assumed ownership of the Connersville, Indiana, manufacturing facility.
NACKA, Sweden – Atlas Copco has agreed to acquire Sykes Group Pty Ltd from Seven Group Holdings Ltd., a company listed on the Australian Securities Exchange.
The purchase price is not disclosed. The acquisition is expected to close during the fourth quarter of 2023. The business will become part of the Power and Flow Division within the Power Technique Business Area.
WILLISTON, Vt. – Flexaseal Engineered Seals and Systems, LLC has announced the acquisition of Sound Seal and Packing, based in Edmonds, Washington. This strategic acquisition establishes a physical presence for Flexaseal in the Pacific Northwest.
Sound Seal's founders, Ward Forrest and Theresa Forrest, will continue with the company, and Flexaseal's Jon Watzka is being promoted to Service and Operations Manager of the Pacific Northwest Seal Service and Repair Center.
BIRMINGHAM, Ala. – Voigt-Abernathy Sales Corporation has announced the completion of the asset purchase of Texas Process Equipment (TPE) Company, a distributor of pumps, process equipment and services for industrial applications.
AUSTIN, Texas – WIN-911 has announced that it has acquired SyTech. The combined entity will be rebranded as SmartSights (“SmartSights” or “the Company”). SmartSights is backed by Capstreet, a Houston-based lower middle market private equity firm.
KYOTO, Japan – Nidec Corporation today announced that they have acquired full ownership of Automatic Feed Company, Lasercoil Technologies LLC and Automatic Leasing Company, privately-owned US companies from its founding family on August 1, 2023.
LAFAYETTE, La. – N2 Solutions (N2S), has announced the acquisition of PFS Nitrogen Services (PFS), a nitrogen technology company supporting the pipeline and petrochemical industry.
HELSINKI – UPM has acquired SunCoal Industries GmbH.
BJERRINGBRO, Denmark – Grundfos has completed the acquisition of XPV Water Partners portfolio company Metasphere.
MAULBURG, Germany – Busch Vakuumteknik AB acquires the Gothenburg-based service company VakuumExperten i Sverige AB. VakuumExperten will be fully integrated into Busch Vakuumteknik AB. The company will continue to provide uninterrupted service to its customers and retain its existing suppliers. All employees of VakuumExperten will be taken on by Busch.
CINCINNATI – Ohio – Flow Control Holdings (FCH), a portfolio company of Audax Private Equity, has announced that it has acquired the U.S. operations of Strahman Holdings, Inc. (“Strahman”). Terms of the deal were not disclosed.
Strahman is a manufacturer of washdown equipment, sampling valves and valve automation products to the pharmaceutical, food and beverage and industrial end-markets. The company will continue to operate out of its headquarters in Bethlehem, Penn.
HOUSTON – HTS Eng. Ltd has announced it has entered into an agreement with the owners of Arlington, Texas-based Oslin Nation to acquire the 80-year-old hydronics company. The strategic move enhances HTS’ HVAC and Building Automation Controls offerings and strengthens the fast-growing independent manufacturers rep firm’s Texas footprint with sought-after pump and plumbing capabilities. Financial details of the transaction are not disclosed.
DAVIDSON, N.C. – Ingersoll Rand Inc.has entered into a definitive agreement to acquire Howden Roots LLC (“Roots”) from Chart Industries, Inc. for an all-cash purchase price of approximately $300 million.
BURLINGTON, Mass. and NEW YORK – CIRCOR International, Inc. (“CIRCOR” or the “Company”) has announced that it has entered into a definitive agreement to be acquired by investment funds managed by KKR, a leading global investment firm, in an all cash transaction valued at approximately $1.6 billion, including the assumption of debt.
WASHINGTON, D.C. – Xylem Inc. has announced it has completed its acquisition of Evoqua Water Technologies Corp. (“Evoqua").
CHARLOTTE, N.C. – Celeros Flow Technology (Celeros FT) has announced that it has entered into a definitive agreement to sell its Filtration business unit to London headquartered private equity firm, Px3 Partners (Px3). Celeros FT is held by funds affiliated with Apollo Global Management, Inc.
Under the terms of the agreement, Px3 will purchase the Filtration business, and the transaction is subject to customary regulatory approvals and closing conditions.