Crane Company Acquires Vian Enterprises, Inc.

Flowserve Corporation Acquires Velan Inc. for Approximately $245M

February 10, 2023

Manufacturing

Flowserve Corporation agreed to acquire Velan Inc. in an all-cash transaction valued at approximately $245 million (C$329 million), including assumption of outstanding debt. The acquisition adds Velan's engineered industrial valve products, aftermarket opportunities and technical expertise—particularly in nuclear, cryogenic and defense markets—to Flowserve's Flow Control Division and is expected to deliver cost synergies and be accretive to adjusted EPS in the first full year after close.

Bay Crane Companies Acquires Cranes, Inc.

March 4, 2023

Construction

The Bay Crane Companies, Inc. has acquired Cranes, Inc., a third-generation crane rental business with roots in New York City, combining the fleets and expertise of both firms. The transaction expands Bay Crane’s presence and capabilities in the New York City metropolitan area and reinforces its leadership position in crane rental and specialized heavy lifting services.

Battle Motors Acquires Crane Carrier Company from Turnspire Capital Partners

March 24, 2021

Manufacturing

Battle Motors, Inc. acquired Crane Carrier Company, LLC from an affiliate of Turnspire Capital Partners LLC; terms were not disclosed. Crane Carrier is a long-standing manufacturer of custom vocational truck chassis and purpose-built vehicles, and the acquisition strengthens Battle Motors’ manufacturing capabilities and position in the transition to electric vocational Class 7/8 trucks.

Ardian-led Consortium Acquires Vulcain Engineering (LBO)

December 22, 2023

Engineering Services

Ardian is leading a consortium including Tikehau Capital, EMZ, Bpifrance, Amundi and the Fonds France Nucléaire (managed by Siparex) in a leveraged buyout of Vulcain Engineering. The transaction effects the exit of existing shareholders Equistone Partners Europe and Sagard while co-CEOs Frédéric Grard and Alban Guilloteau and more than 350 employee-shareholders strengthen their positions. The new financing will provide resources to accelerate Vulcain's international expansion, digitisation of engineering processes and continued external growth via acquisitions.

Cerberus Acquires Vivace International

February 18, 2026

Aerospace & Defense

An affiliate of Cerberus Capital Management has completed the full acquisition of Vivace International, a New Orleans–based maker of mission‑critical propulsion tanks and aerospace systems. Cerberus initially made a growth investment in 2024 and plans to scale Vivace's production capacity and advanced manufacturing capabilities to support an expanding portfolio of U.S. defense and spaceflight programs; retired Space Force Colonel and former NASA astronaut Michael Hopkins has joined Vivace as a Senior Advisor.

Crane Engineering Acquires Geiger Pump & Equipment Company

March 18, 2024

Industrial Services

Crane Engineering, a family-owned fluid processing distributor based in Kimberly, Wisconsin, has acquired Geiger Pump & Equipment Company, a Mid-Atlantic distributor and service provider of fluid process equipment with locations in Baltimore, Maryland and Aston, Pennsylvania. The deal expands Crane Engineering's geographic footprint into the Mid-Atlantic and New England and will keep Geiger's president, Chris Brown, in leadership of Geiger operations and in a corporate role with Crane.