Tag Archives: mergers and acquisitions

A Warm Embraco

Nidec incorporates HVAC/R aftermarket into its U.S. Motors structure Nidec announced what it considers “a step forward in its brand cooperation in the United States” this week, extending the line of heating, ventilation, air conditioning and refrigeration (HVAC/R) solutions it offers for the aftermarket segment. “The existing HVAC/R aftermarket U.S. Motors structure will now include the […]

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Nothing Too Heavy

Memphis equipment company’s electric motor repair division acquired Howard Acquisitions, Inc., is prepared to do some Heavy lifting. It has acquired the electric motor repair division of Heavy Machines, Inc., of Memphis, Tennessee, per a company email to Electrical Apparatus May 12. There’s nothing too heavy for this repair operation, which specializes in cranes and […]

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Intervala-dation

Pittsburgh electromechanical manufacturer acquires NeoTech assets in Ohio Intervala, a full-service manufacturer of precision electronic and electromechanical products, announced Monday the acquisition of “certain assets” of NEOTech Inc.’s manufacturing business in Mason, Ohio. The acquisition perceivably expands Intervala’s customer base “through the addition of several top-tier customers in the medical device and industrial markets,” said […]

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Have a Little Enthalpy

Shermco acquires Denver-based energy services company Shermco Industries, the Irving, Texas service and maintenance operation, has acquired Enthalpy Energy Services, a specialty technical services company based in Denver, according to an October 12 Shermco press release. Enthalpy (the company) provides design and field engineering, construction management, startup and commissioning, as well as testing, inspections, and […]

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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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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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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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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 […]

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