Tag Archives: mergers and acquisitions

Laron Joins OTC

Second Arizona outfit in as many months acquired by growing service provider Ohio Transmission Corporation, the industrial equipment service provider and distributor headquartered in Columbus, Ohio, has acquired Laron Inc., a leading service provider of mechanical and electric motor repair and engineering in the southwestern U.S., the companies announced January 21. Laron’s headquarters in Kingman, […]

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Danfoss Acquires Eaton’s Hydraulics Unit

Amalgamation of two European industrial giants creates potential powerhouse In an amalgamation of two European industrial mammoths, power management company Eaton announced in a press release January 21 it has entered into an agreement to sell its hydraulics business to Danfoss A/S, the Danish industrial company, for $3.3 billion in cash. The deal combining Dublin-based […]

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Craig Wire Adds Coppex Assets

Georgia magnet wire manufacturer obtains machinery, resources EA has learned of an important acquisition in the wire industry just in time for the CWIEME Expo: Craig Wire Products of Douglasville, Georgia has acquired the magnet wire assets of Coppex Power Technologies in Montreal, Canada. The newly obtained manufacturing resources will be relocated and installed in […]

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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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