Pumps Mergers & Acquisitions Review: Q1 2019

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 buys German pump distributor IPV

Atlas Copco bought Germany’s Industrie Pumpen Vertriebs GmbH (IPV), a distributor of Varisco pumps.

•           Brown Brothers/Kelair Pumps makes Australian acquisition

 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 to acquire Aquion and Pelican Water Systems

Pentair plc got closer to the residential consumer with the acquisitions of US water treatment equipment companies Aquion and Pelican Water Systems.

•           Franklin Electric buys Michigan-based groundwater distribution company

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.

•           Connecticut pump makers BJM Pumps and Stancor merge

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 to acquire Accudyne Industries’ Precision Flow Systems

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 to sell its Flow Control division to private equity firm First Reserve

Weir agreed to sell its Flow Control division to private equity investment firm First Reserve for an enterprise value of £275 million.

•           Thompson Pump sells rental operations to United Rentals

Port Orange, Florida-based Thompson Pump & Mfg Co sold its rental assets and related operations to United Rentals’ Fluid Solutions Group.

•           Wangen to take over Knoll’s progressing cavity pumps division

Pumpenfabrik Wangen GmbH took over Knoll Maschinenbau GmbH’s hygienic progressing cavity pumps (MX range) division.

•           ITT to acquire Rheinhütte Pumpen Group

ITT Inc signed an agreement to acquire the Rheinhütte Pumpen Group from Belgium’s Aliaxis Group SA for approximately US$91.5 million.

•          Standard Industrial Manufacturing merges with DH Pump & Supply

Texas replacement pump parts companies Standard Industrial Manufacturing Partners LLC and DH Pump and Supply LLC merged.