BIRMINGHAM, Ala. – Motion Industries, Inc., a distributor of maintenance, repair and operation replacement parts, signed a definitive purchase agreement to acquire the operating assets of Canadian-based LSI Supply Inc. and its sister company 273 Ontario (which trades as LSI). The transaction is expected to close later this month, subject to customary closing conditions.
pump industry mergers & acquisitions
DALLAS – Flowserve Corporation, a provider of flow control products and services for the global infrastructure markets, announced today that it has signed a definitive agreement to acquire MOGAS Industries, a privately held, Houston-based provider of mission-critical severe service valves and associated aftermarket services for $290 million with a potential $15 million earnout. The Transaction is expected to close in the fourth quarter of 2024.
How M&A activity in Q1, Q2 2024 compares to activity in the same period of 2023.
CAROL STREAM, Ill. – Ergoseal, a provider of advanced sealing solutions, has announced its acquisition of Performance Sealing Solutions LLC, (PSS) effective July 10, 2024.
BIRMINGHAM, Ala. – Motion Industries, Inc. has signed a definitive purchase agreement to acquire Allied Circuits, an electrical and automation firm. The transaction is expected to close later this month, subject to customary closing conditions.
GROVETOWN, Ga. – Effective immediately, the legal name of GIW Industries, Inc. has changed to KSB GIW, Inc. The brands GIW Slurry Pumps, KSB Mining and KSB SupremeServ will remain the same.
GIW Industries, Inc. has been a wholly owned subsidiary of the KSB Group since the 1990's. GIW is a reputable worldwide supplier of slurry pumps, technologies and service. Combining the two brands in one name was done to promote synergy and brand-name recognition.
COLUMBUS, Ohio – OTC Industrial Technologies has announced the acquisition of Allied Sales & Service.
“Allied is excited to join the OTC organization. We have always strived to be a trusted partner to our customers and OTC will provide additional resources that will allow us to increase that focus” said Mike Herrington, president of Allied Sales & Service.
HALMSTAD, Sweden – HMS Networks has finalized the acquisition of Red Lion Controls from Spectris Group Holdings Limited. The two companies are now one entity and can start working together on common go-to-market strategies and product offerings.
The acquisition, which was first announced December 11, 2023, has now been approved. This means that HMS Networks now has 1200 employees in 18 countries. Most staff are stationed in the U.S., Sweden and Germany.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Pro-Seal, Inc. Founded in 1987, Pro-Seal is headquartered in Pontiac, Michigan, and operates out of two locations servicing the Great Lakes Region of the U.S. and all of Alaska.
MIAMI, Fla. - Pleuger has announced its strategic acquisition of AVI International, a Connecticut-based specialist in the upgrade, repair and service of rotating equipment. This acquisition signifies a major expansion of Pleuger into the North American markets, marking a new chapter in the company’s history of innovation and engineering excellence. Pleuger also has manufacturing facilities in Germany and France.
STAFFORDSHIRE, UK – Wilo UK has acquired Arfon Rewinds Limited (trading as Arfon Engineering Services) in a move that further increases the company’s water management pump servicing capability.
The acquisition will enable Wilo UK to extend its service capability in key water management operations, including installation, repair, condition monitoring and general pump maintenance.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Kappe Associates, Inc. Founded in 1946, Kappe is headquartered in Frederick, Maryland, and operates out of three locations servicing Maryland, the District of Columbia, Delaware, Virginia, Pennsylvania, Southern New Jersey and West Virginia.
DAVIDSON, N.C. – Ingersoll Rand Inc. closed on the acquisition of Friulair S.r.l. (Friulair) in an all-cash upfront purchase price of approximately $146M.
TULSA, Okla. – Advanced Industrial Devices (AID), a portfolio company of Black Bay Energy Capital (Black Bay), is excited to announce the acquisition of R.S. Integrators, Inc. (RSI). Headquartered in Pineville, North Carolina, RSI designs and manufactures electric motor control systems and power distribution panels for the water utility, wastewater and various other industrial markets.
ST. LOUIS, Mo. – Control Devices, LLC, a portfolio company of HBM Holdings, has announced that it has acquired Gilmore. The acquisition expands Control Devices’ flow control solutions portfolio while widening its reach in the oil and gas market. The acquisition also broadens HBM Holdings’ expertise in the flow control sector.
STAMFORD, Conn. – ITT Inc. has announced the completion of its acquisition of Svanehøj Group A/S (Svanehøj), a supplier of pumps and related aftermarket services.
WHITE RIVER JUNCTION, Vt. – Concepts NREC has announced the acquisition of RBTS, Inc.
ROCHESTER, N.Y. and HERNANDO, Miss. – WorldWide Electric Corporation has announced the acquisition of North American Electric, Inc.
HOUSTON – DXP Enterprises, Inc. has announced that it has completed the acquisition of Hennesy Mechanical Sales LLC. DXP funded the acquisitions with cash on the balance sheet.
Hennesy is a manufacturers representative in the municipal water and wastewater treatment market and provides industrial pump sales, service and repair in the states of Arizona, New Mexico, as well as West Texas.
BROOKFIELD, Wis. – Anderson Process has acquired long-standing manufacturer’s representative Tighe-Zeman Equipment LLC.
NACKA, Sweden – Atlas Copco Group has completed the acquisition of Sykes Group Pty Ltd from Seven Group Holdings Ltd (SGH), a company listed on the Australian Securities Exchange (ASX).
CHINO, Calif. and SADDLE BROOK, N.J. – Harrington Process Solutions (“Harrington”) has announced the acquisition of PumpMan (the “Company”), a leading provider of on-site maintenance, repair and replacement for all components in water and wastewater pumping systems.