BJERRINGBRO, Denmark – Grundfos has completed the acquisition of XPV Water Partners portfolio company Metasphere.
pump industry mergers & acquisitions
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.
FOWLMERE, UK - Welding Alloys has announced the acquisition of Premier Technical Ltd (“Premtech”).
WESTVILLE, N.J. - Colonial Seal Company formalized the acquisition of SSP Manufacturing of Hackettstown, NJ, on April 28, 2023. SSP has been manufacturing and distributing seals and related components to the pharmaceutical, food and beverage, power transmission, automobile, cosmetic, mining and other specialty industries since 1994.
PORT ORANGE, Fla. – Florida Pumping Solutions (FPS) is expanding its services with the acquisition of American Sock & Dewatering.
CINCINNATI, Ohio – Hydrotech, Inc. has announced the acquisition of Isaacs Fluid Power Equipment Company (Isaacs)—representing progress toward the company’s mission to modernize industrial equipment and streamline operations through application know-how, technical expertise and reliable service.
DE PERE, Wis. – Fluid System Components, Inc. (FSC) has announced the acquisition of Norcan Fluid Power Company (Norcan).
The acquisition of Norcanexpands FSC’s capabilities and reach to create a new force in North American fluid power solutions. Once the acquisition is finalized, Norcan will become part of the FSC group of companies.
GLENDALE, Wis. – Ampco Pumps Company and Kroneshave entered an agreement for Krones to acquire 90% of Ampco Pumps Company. Ampco manufactures centrifugal and positive displacement pumps and mixing and blending equipment for the food, beverage, marine and industrial markets. Krones has an option to buy the remaining shares in Ampco, which currently remain with company management. Current Ampco management will remain in place.
SADDLE BROOK, N.J. – PumpMan Holdings LLC (“PumpMan Holdings”) has announced that it has completed the acquisition of Colorado Water Well.
AUSTIN, Texas – Infinitum has announced the acquisition of Circuit Connect, Inc. a printed circuit board (PCB) fabricator based in Nashua, New Hampshire.
IRVINE, Cal. – United Flow Technologies (“UFT”) has announced that it has completed the acquisitions of Kodru-Mooney in October 2022 and Macaulay Controls Company (“Macaulay”) in March 2023. UFT has completed nine acquisitions since its formation in July 2021.
The two acquisitions will accelerate UFT’s position into the Midwest and Texas regions, add product categories to the platform and strengthen OEM partnerships.
DALLAS – CECO Environmental Corp (CECO) has announced it has completed the acquisition of Transcend Solutions, LLC (Transcend), a Houston-based process filtration solution design and manufacturing company with applications in hydrocarbon and chemical processing.
Virginia Beach, Va. – Busch Vacuum Solutions U.S. has announced the acquisition of the business of VESCO-McLaughlin, Inc. (VESCO) in East Windsor, Conn. With the addition of VESCO, Busch Vacuum Solutions expands its business by adding complementary services to its offering of global field service, overhaul, repair and installation.
ZURICH, Switzerland – ABB has reached an agreement to sell its Power Conversion division to AcBel Polytech Inc. for $505 million in cash. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2023.
DALLAS, and MONTREAL – Flowserve Corporation and Velan Inc.