Tag Archives: mergers and acquisitions

TPS Reports

…to Sager Electronics now. Take that, Bill Lumbergh. Sager Electronics, the Middleborough, Massachusetts distributor of electromechanical and power components, is set to acquire Technical Power Systems (TPS), a specialist in the production of custom battery assemblies headquartered in the Chicago suburb of Lisle, Illinois. Sager announced the acquisition in a June 27 press release. Although […]

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Major HVAC Acquisition

HomeServe continues its M&A streak with CroppMetcalfe acquisition HomeServe, the provider of service plans, repair and installation services for the home, announced its acquisition of CroppMetcalfe in a March 13 press release. The move has major implications in the HVAC home repair industry due to the merging of two very different companies that were formerly […]

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EV Does It

Motorcar Parts acquires EV powertrain, energy storage company Motorcar Parts of America, Inc., of Torrance, Ca., announced Wednesday it has acquired Binghamton, New York-based E&M Power. The acquisition reflects another company’s venture into the electric vehicle market, which seems to grow in scope every day—and in this case, also involves the growing energy storage sector. […]

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Beloit-Tightening

Regal to sell drives & systems business Regal Beloit announced that it agreed to sell its highly engineered drives and control systems business (Regal Drive Technologies) for an undisclosed amount. The other party to the transaction is an associate of Sun Capital Partners, Inc. Regal Drive Technologies is primarily engaged in manufacturing starters, engineered controls […]

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Sulzer Acquires Brithinee

Euro powerhouse teaming with American leader Swiss-based electromechanical powerhouse Sulzer announced it has acquired Brithinee Electric, one of the leading independent electromechanical service provider in Southern California, on Tuesday. Last year, Brithinee, located in Colton, Calif., recorded annual sales of about $10 million with a workforce of 46 employees, according to a press release sent […]

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Beating the Timer

Recognizing change, Midwest Timer works with Lectro to get a jump Midwest Timer‘s acquisition of Lectro demonstrates how a company that knows its product is going obsolete can save its business. Midwest manufactures electromechanical timers in western Michigan. These instruments are used in home appliances. The company didn’t want to admit its once-essential product was […]

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TransDigm Acquires Esterline

Aerospace, motors and generators companies to combine in $4B sale In a major business brief, aerospace and defense company TransDigm Group Incorporated (Cleveland, Oh.) and Esterline Technologies Corporation of Bellevue, Wash., announced today that they have entered into a definitive agreement under which TransDigm will purchase all of the outstanding shares of common stock of […]

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Crimson Ties

OTC of Columbus acquires South Carolina service center Ohio Transmission Corporation, an industrial equipment service provider and distributor headquartered in Columbus, OH, announces the acquisition of Crimson Electric, Inc., a company located in South Carolina. Founded in 1954, Crimson Electric is one of the older electrical apparatus service centers in the Carolinas. The company specializes […]

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On The Rails

GE and Wabtec combine forces on transportation Wabtec Corporation has entered into a definitive agreement to combine with GE Transportation, a unit of General Electric. The combination will make Wabtec a Fortune 500, global transportation leader in rail equipment, software and services, with operations in more than 50 countries. Under the agreement, which has been […]

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Boeing in 3D

Aerospace company invests in Morf3D, an additive manufacturing company. Twice in two weeks, we’ve seen 3D printing pop up on our main news feeds. Indicator of which way the wind is blowing? Or just interesting new technology? While one was the culmination of a two-plus-year research initiative to create a fully 3D-printed electric motor, this […]

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