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.
pump industry mergers & acquisitions
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.
BETHLEHEM, Penn. – ARI-Armaturen Albert Richter GmbH & Co. KG has announced the acquisition of Warren Controls, Inc., a control valve company based in Bethlehem, Pennsylvania. The acquisition is part of ARI‘s strategic plan to expand its presence in the USA and strengthens its position as a global player in the valve industry.
GREENVILLE, S.C. – Integrated Power Services (IPS) has finalized the acquisition of ABB’s Industrial Services business, effective August 31, 2024. With locations in Arizona, Indiana, North Carolina, Alberta and Ontario, ABB Industrial Services provides repair and field service capabilities for electric motors up to 50,000 hp and low and medium-voltage switchgear equipment from 480V to 15kV.
HOUSTON — DXP Enterprises, Inc. has announced that it has completed the acquisition of Hartwell Environmental Corporation (“Hartwell”). Founded in 1976, Hartwell is headquartered in Tomball, Texas, and operates out of three locations servicing the Texas, Oklahoma and surrounding markets.
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.
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.