JACKSONVILLE, Fla. – Continental Pump Company and Integrity Pump & Motor have strategically partnered to form Kinetiflo Group. This new pump manufacturer provides a comprehensive range of high-quality pump solutions for diverse industries, including mining, food & beverage and wastewater.
pump industry mergers & acquisitions
HOUSTON – Flotek Industries, Inc. and ProFrac Holding Corp. jointly announced Flotek's acquisition of power generation assets and related intellectual property (the "Acquired Assets") from ProFrac GDM, LLC ("ProFrac GDM"), a subsidiary of ProFrac, for $105 million. Flotek concurrently entered into an agreement for a six-year dry lease of the Acquired Assets with ProFrac GDM (the "Lease Agreement").
LUND, Sweden – Alfa Laval has announced that it has signed a binding put-option agreement to acquire the Fives Cryogenics business unit, part of Fives Group, for a total fixed purchase price of EUR 800 million on a cash and debt-free basis. Fives Cryogenics is a world-leading expert in cryogenic heat transfer and pump technologies, headquartered in France.
CHARLOTTE, N.C., – Honeywell has announced that it has agreed to acquire Sundyne from private equity firm Warburg Pincus for $2.16 billion in an all-cash transaction. This represents approximately 14.5x 2024 EBITDA on a tax-adjusted basis. Sundyne is a leader in the design, manufacturing and aftermarket support of highly-engineered pumps and gas compressors used in process industries.
MILWAUKEE, Wis. – Badger Alloys, Inc., a full-service castings manufacturer in Milwaukee, Wisconsin, is pleased to announce that Emily Blakeslee, SHRM-SCP, SPHR, has been appointed human resources manager. In this role, Blakeslee will drive initiatives that enhance performance, grow company culture and employee engagement, and design strategies to attract and retain critical talent.
BIRMINGHAM, Ala. – Motion Industries, Inc. signed a definitive purchase agreement to acquire the net operating assets of Thompson Industrial Supply, Inc. The transaction is expected to close at the end of February 2025, subject to customary closing conditions.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Arroyo Process Equipment (“Arroyo”). Founded in 1968, Arroyo is headquartered in Bartow, Florida, and operates out of three locations servicing northern, central and southern Florida, and surrounding markets.
COLUMBUS, Ohio – OTC Industrial Technologies, an industrial equipment service provider and distributor headquartered in Columbus, Ohio, today announced the acquisition of Premier Equipment Corporation, Inc. (PEC), a leading distributor of rotating equipment, and Premier Control Systems, LLC, a prominent design and fabrication provider of control panels.
MINNEAPOLIS, Minn.— Kurita America, part of the Kurita Group, has announced its pending merger with sister company, Avista Technologies, Inc. (Avista). This merger will officially take effect on April 1, 2025. Avista, headquartered in San Marcos, California, specializes in membrane treatment solutions and process support for reverse osmosis systems, microfiltration/ultrafiltration and multimedia filtration.
BIRMINGHAM, Ala. – Motion Industries, Inc. has signed a definitive purchase agreement to acquire the net operating assets of Maguire Bearing Company, Ltd., an industrial distributor based in Hawaii. The transaction is expected to close at the end of February 2025, subject to customary closing conditions.
GREENSBORO, N.C. – Tencarva Machinery Company (“Tencarva” or “the Company”), has announced that it has acquired Detroit Pump & Mfg. Co. (“Detroit Pump”). Tencarva is backed by Bessemer Investors, LLC (“Bessemer”), a New York-based investment firm. Financial terms of the transaction were not disclosed.
HOUSTON – GD Energy Products (GDEP) has successfully integrated ValTek, a prominent manufacturer of hydraulic fracturing pumps, parts and consumables, into its portfolio. This integration strengthens GDEP’s product and service offerings, boosts operational efficiency and enhances its ability to meet customer needs in both local and global markets.
CHICAGO – Littelfuse, Inc. has announced it completed the acquisition of the 200 mm wafer fab located in Dortmund, Germany (“Dortmund fab”), from Elmos Semiconductor SE, which will become effective on December 31, 2024, at midnight (CET).
CHINO and SAN FRANCISCO, Calif. – Harrington Process Solutions has announced the acquisition of Fluid Gauge Company (FGC) to expand its metal flow control solution portfolio.
PHILADELPHIA – Boeh Agency (Bā), a leading marketing and PR agency dedicated to creating impact in the water sector, has announced a strategic partnership with Surge for Water, a nonprofit committed to providing global communities with access to safe water, sanitation, hygiene and menstrual health solutions.
DETROIT LAKES, Minn. – SJE has announced the acquisition of Revere Control Systems (“Revere”). Revere is a premier turnkey provider of controls and automation solutions performing a full suite of engineering services for water and industrial applications.
FORT SMITH, Ark. – ABB has announced it has signed an agreement to purchase Aurora Motors. This acquisition provides a well-regarded product portfolio, a longstanding customer base in 30 countries and an experienced customer-centered sales structure, as well as solid partnerships with strategic suppliers. Aurora Motors is a $4 million U.S.
BIRMINGHAM, Ala. – Motion Industries, Inc., has signed a definitive purchase agreement to acquire the operating assets of Canadian-based Stoney Creek Hydraulics. The transaction is expected to close at the end of October, subject to customary closing conditions.
DALLAS – Flowserve Corporation has announced that it has completed the acquisition of MOGAS Industries. This transaction helps strengthen Flowserve’s presence in mission-critical severe service valves and associated aftermarket services.
NACKA, Sweden – Pomac BV (“Pomac”), a Dutch company which develops and manufactures hygienic pumps, has become part of Atlas Copco Group.
AUSTIN, Texas – SmartSights has announced that it has acquired Sage Clarity. SmartSights is backed by Capstreet, a Houston-based lower middle market private equity firm. Terms of the transaction were not disclosed.