Tag Archives: mergers and acquisitions

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 […]

Continue reading

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, […]

Continue reading

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, […]

Continue reading

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 […]

Continue reading

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 […]

Continue reading

Great Balls of Fire

Sunrun acquires Vivint in residential solar megadeal worth $3.2 billion San Francisco-based Sunrun, a provider of residential solar, battery storage and energy services, will acquire Vivint Solar of Lehi, Utah, in an all-stock deal worth approximately $3.2 billion, according to a July 6 press release from Sunrun. The deal will add complementary direct-to-home sales channel […]

Continue reading

Potomac Gets EMT Backup

Both companies growing in the predictive maintenance/electrical testing sectors Potomac Testing, Inc., the independent electrical testing and engineering services company serving America’s Mid-Atlantic, has acquired Electrical Maintenance Testing of Carmel, Indiana. Joining forces – The @netaworld-accredited Electrical Maintenance & Testing in Carmel IN is now part of @TechProResearch's Potomac Testing. #PredictiveMaintenance #ElectricalTesting Via @tdworldmag https://t.co/GxDtIj6jxs […]

Continue reading

P2S Acquires Notkin

Expands company’s engineering and commissioning presence into the Pacific Northwest P2S Inc. of Long Beach, California, a provider of professional engineering, commissioning, and construction management services, announced in a May 11 press release that it has acquired Notkin Mechanical Engineers, an award-winning mechanical design firm based in Seattle, Washington. Founded in 1951, Notkin specializes in […]

Continue reading

IT, Meet OT: Rockwell Adds Digi-Firm

Aim is to bring information technology and plant floor technology together Rockwell Automation, the towering Milwaukee establishment, completed an acquisition of Kalypso, LP, the company announced in a May 4 press release, as part of its emphasis on digitalization. Based in the U.S., Kalypso is a software delivery and consulting firm specializing in the digital […]

Continue reading

IPS Acquires PEMW

South Carolina-based servicer makes eighth acquisition since 2008 If you look at the time frame of the last twelve years, IPS has been on quite a roll. Integrated Power Services (IPS), the North American service and repair solutions provider for industrial electric motors, generators and mechanical power transmission components, has acquired Precision Electric Motor Works, […]

Continue reading