The main pump-related M&A transactions in the first three months of 2019 are listed here – including deals for Atlas Copco, AxFlow, Pentair, Franklin Electric, Ingersoll-Rand, Weir, United Rentals, Wangen and ITT – with links to the original stories on www.worldpumps.com.
Atlas Copco bought Germany’s Industrie Pumpen Vertriebs GmbH (IPV), a distributor of Varisco pumps.
AxFlow Group’s Brown Brothers Engineers/Kelair Pumps strengthened its service offering with the acquisition of GT Water Technologies, a family-owned company specialising in fire water tanks to the building and fire safety markets in the Melbourne area of Australia.
Pentair plc got closer to the residential consumer with the acquisitions of US water treatment equipment companies Aquion and Pelican Water Systems.
Franklin Electric Co Inc added Milan Supply Co, a Michigan-based professional groundwater distributor, to its Headwater business in a US$5.9 million deal.
Private equity firm May River Capital, together with Longview Asset Management and Knox Capital Holdings LLC, merged Stancor LP with BJM Pumps LLC.
Ingersoll-Rand plc made a binding offer to acquire Precision Flow Systems (PFS) from funds advised by BC Partners Advisors LP and The Carlyle Group in a US$1.45 billion deal (see Pump Industry Analyst, February 2019).
Weir agreed to sell its Flow Control division to private equity investment firm First Reserve for an enterprise value of £275 million.
Port Orange, Florida-based Thompson Pump & Mfg Co sold its rental assets and related operations to United Rentals’ Fluid Solutions Group.
Pumpenfabrik Wangen GmbH took over Knoll Maschinenbau GmbH’s hygienic progressing cavity pumps (MX range) division.
ITT Inc signed an agreement to acquire the Rheinhütte Pumpen Group from Belgium’s Aliaxis Group SA for approximately US$91.5 million.
Texas replacement pump parts companies Standard Industrial Manufacturing Partners LLC and DH Pump and Supply LLC merged.