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El Paso Electric

Utility no longer public traded, hires new CEO El Paso Electric Co. is no longer a publicly traded electric utility, the El Paso Times reported July 29. The company also confirmed the move, along with details of its new board of directors, in a press release the same day: EPE confirmed that its acquisition by […]

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Motion Industries Acquires Two Companies

TRC Hydraulics, F&L Industrial added to Mi roster Motion Industries, the Birmingham, Ala., distributor, announced August 3 the acquisition of two new businesses: a Canadian-based supplier of hydraulic products and services and a California distributor of T-slotted aluminum extrusion components. In business since 1986, TRC Hydraulics has served the Atlantic Canada region (New Brunswick, Nova […]

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Why Your Plant or Shop Should Consider Robotics

More companies are turning to automated processes—which could mean opportunity for your service shop or plant. Partially due to the disastrous economic, socially-distanced, cautious climate that is 2020—and partially due to the steady advancement of technology—robotics are permeating industry at a higher rate than ever. And since many of these processes involve servomotors, robotic arms […]

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PEI Acquires Fibertek

Tennessee manufacturer of tapes and laminates has history dating to 1898 In a union of two historic companies, both proven in the insulation sector, Pittsburgh Electrical Insulation, Inc. (PEI) announced the acquisition of the Electrical Products Division of Fibertek, Inc. of Franklin, Tenn., Tuesday. Fibertek, Inc. is a manufacturer of leading-edge specialty fiberglass tapes and […]

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Altered AIMS

Milwaukee repair operation purchased by Alter Trading Corp. The executive chairman and CEO of Alter Trading Corp., Robert Goldstein, has purchased a longstanding industrial equipment service center in Milwaukee, AIMS (American Industrial Motor Service), the Business Journals reported Sunday. A complex sale for the layman, here’s how it works: Goldstein’s St. Louis-based GGI (Goldstein Group, […]

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Phil It Up: BDS Makes Two Acquisitions

Philadelphia-based bearings company acquirers two area repair ops and distributors Bearing & Drive Solutions (BDS) of the Philadelphia region, a familiar name in the world of industrial distribution since 1978, has acquired two more stalwarts in the industry: Philadelphia Ball and Roller Bearing (that of 400 N. 6th St. in Philadelphia) and Universal Motor Distributors, […]

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Chevron Gets Noble

Merely three weeks later, another record-setting energy deal Energy acquisitions are more than just the flavor of the month—they’re a direct consequence of a health crisis impacting the economics of the shale oil and gas industry. Chevron announced Monday it would acquire Noble Energy (NBL) for $5 billion. It’s the biggest energy deal since the […]

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Advanced Energy Certified

Advanced Energy certified for electric motors by U.S. Department of Energy On July 6, 2020, the U.S. Department of Energy (DOE) issued its final determination classifying Advanced Energy as a nationally recognized certification program. It’s a standout moment for AE—Raleigh’s energy consulting firm and motor test center. After achieving Certification Body status under ISO 17065 […]

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Negative Is Positive

Major “carbon-negative” project advances in California Long Beach, Calif.-based Ways2H Inc., a global producer of renewable hydrogen from the world’s worst waste streams, and Ford, Bacon & Davis, a Baton Rouge-based energy facility engineering, procurement and construction firm, announced June 30 a joint collaboration to design and build waste-to-hydrogen facilities in California and other locations […]

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A Buffett-Style Deal

Investing legend purchases Dominion Energy assets For his first major move in four years, investing magnate Warren Buffett turned to the energy sector, purchasing the gas transmission and power storage assets of Dominion Energy, the Richmond-based utility. An affiliate of Buffett’s Berkshire-Hathaway conglomerate took on the Dominion sale for approximately $9.7 billion, the companies announced […]

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