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.
pump industry mergers & acquisitions
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.
CHICAGO – Komatsu, through its wholly owned subsidiary in the U.S., Komatsu America Corp., has agreed to acquire American Battery Solutions, Inc. (ABS), a battery manufacturer headquartered in Detroit, Michigan, U.S. Komatsu is planning to close the acquisition on Dec. 1, 2023, on the condition that all necessary procedures for the closing are completed.
KYOTO, Japan – Nidec Corporation (the “Tender Offeror”) decided on September 13, 2023 to acquire, through a tender offer in accordance with the Financial Instruments and Exchange Act (Act No. 25 of 1948, as amended, the “Act”) and related laws and regulations (the “Tender Offer”), the common shares (the “Target Company Shares”) issued by Takisawa Machine Tool Co., Ltd. (Securities Code: 6121.
HOUSTON – DXP Enterprises, Inc. has announced the completion of the acquisition of Alliance Pump & Mechanical Service, Inc (“Alliance”), a leading municipal and industrial pump sales, service and repair company. DXP funded the acquisition with cash on the balance sheet.
MONTREAL, Quebec – WILO Canada Inc., a subsidiary of WILO SE, has acquired the assets of PLAD Equipment Ltd., a company specializing in pumps and packaged pump systems for HVAC, boosting, firefighting and irrigation applications. Plad, based in Montreal and Quebec City, Quebec, Canada, employs 43 people and also offers pump repair and machining services.
NEW YORK & BURLINGTON, Mass. – CIRCOR International, Inc. has announced the successful completion of its acquisition by investment affiliates of KKR for $56.00 per share. As a result of the completion of the transaction, CIRCOR common stock has ceased trading and will no longer be listed on the New York Stock Exchange.
DALLAS – Flowserve Corporation has announced that the French Ministry of Economy, as part of its Foreign Direct Investment review process, has rejected Flowserve’s acquisition of Velan Inc.
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.
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.