Honeywell Acquires Rocky Research

Rocky Brands Acquires Honeywell Performance and Lifestyle Footwear Business

March 15, 2021

Consumer Products

Rocky Brands, Inc. completed the acquisition of Honeywell’s performance and lifestyle footwear business — including The Original Muck Boot Company and XTRATUF — for $230 million on March 15, 2021. The acquired business generated approximately $205 million of 2020 net revenue and $24.5 million of EBITDA; the purchase was financed with senior credit facilities, a term loan and cash on hand and is intended to significantly expand Rocky Brands' portfolio and scale.

Pueblo Mechanical & Controls (Huron Capital) Acquires Rocky Mountain Mechanical

January 6, 2022

HVAC & Mechanical

Pueblo Mechanical & Controls, a Huron Capital platform, has acquired Rocky Mountain Mechanical, a South Salt Lake, Utah-based HVAC, plumbing and controls contractor. The add-on expands Pueblo's geographic footprint into the Rocky Mountain region; former owner Chad Heward will continue to lead as president of the Rocky Mountain division.

Honeywell Acquires Sundyne from Warburg Pincus for $2.16B

June 13, 2025

Manufacturing

Honeywell completed an all-cash $2.16 billion acquisition of Sundyne from private equity firm Warburg Pincus. The deal adds engineered pumps, integrally geared compressors and aftermarket services to Honeywell's Energy and Sustainability Solutions portfolio, expanding capabilities across refining, petrochemicals, LNG and clean fuels while leveraging Honeywell Forge for integrated offerings.

L3Harris to Acquire Aerojet Rocketdyne

December 18, 2022

Aerospace & Defense

L3Harris Technologies has signed a definitive agreement to acquire Aerojet Rocketdyne Holdings, Inc. for $58 per share in an all-cash transaction valued at $4.7 billion inclusive of net debt. The deal, financed with cash and new debt, will combine Aerojet Rocketdyne’s propulsion and energetics capabilities (about $2.3 billion in revenue and ~5,200 employees) with L3Harris to strengthen defense propulsion, hypersonics and missile-defense offerings; the transaction is expected to close subject to regulatory approvals in 2023.

Honeywell Acquires CAES Systems Holdings from Advent International for $1.9B

June 23, 2024

Aerospace & Defense

Honeywell has agreed to acquire CAES Systems Holdings LLC from private equity firm Advent International in an all-cash transaction valued at approximately $1.9 billion. The acquisition adds about 2,200 employees and RF engineering and manufacturing capabilities to Honeywell's defense and aerospace portfolio, expanding its RF, radar and sensing offerings across land, sea, air and space.

Radiance Technologies Acquires Phased n Research

March 31, 2025

Aerospace & Defense

Radiance Technologies, a 100% employee‑owned prime contractor based in Huntsville, Alabama, has acquired Phased n Research, a radar and electronic warfare (EW) engineering firm founded in 2018. The deal brings Phasedn’s radar, modeling & simulation, and EW capabilities into Radiance’s portfolio; founder Dr. Bassem Mahafza will move to an emeritus/advisor role and Dr. Mark Tillman will become President of Phasedn to ensure continuity and alignment with Department of Defense modernization efforts.