Honeywell Acquires Sundyne from Warburg Pincus for $2.16B

Honeywell Acquires Air Products' LNG Process Technology and Equipment Business for $1.81B

September 30, 2024

Energy

Honeywell has completed the $1.81 billion cash acquisition of Air Products’ liquefied natural gas (LNG) process technology and equipment business. The divestiture transfers related assets, intellectual property, manufacturing capability (including the Port Manatee, Florida coil-wound heat exchanger facility) and approximately 475 employees to Honeywell as Air Products refocuses on its industrial gases and clean hydrogen growth strategy.

Applied Industrial Technologies Acquires Hydradyne, LLC

November 22, 2024

Industrial Services

Applied Industrial Technologies has signed a definitive agreement to acquire Hydradyne, a leading U.S. fluid power and motion control distributor. The acquisition expands Applied’s Engineered Solutions capabilities and Southeastern U.S. footprint; Hydradyne’s ~500 associates across 33 locations are expected to contribute about $260 million in sales and $30 million in EBITDA before synergies.

The Nudyne Group Acquires Howard Engineering Heat Transfer Products Corp.

July 12, 2024

Manufacturing

The Nudyne Group LLC has completed an asset acquisition of Howard Engineering Heat Transfer Products Corp., acquiring the company's intellectual property and key assets and relocating manufacturing to Corona, California. The deal expands Nudyne's heating and heat-transfer capabilities for commercial and industrial applications and the business will operate as Howard's Engineering Heat Transfer Products LLC under Nudyne ownership.

Protective Industrial Products Acquires Honeywell's Personal Protective Equipment Business

May 22, 2025

Manufacturing

Protective Industrial Products, a portfolio company of Odyssey Investment Partners, has completed the acquisition of Honeywell's Personal Protective Equipment (PPE) business in an all-cash transaction valued at $1.325 billion. The deal adds well-known brands (including Howard Leight, North, Miller, Salisbury and others), expands PIP's product offering and global footprint, and represents a divestiture by Honeywell to simplify its portfolio.

United Flow Technologies Acquires Sydnor Hydro

September 5, 2025

Industrial Services

United Flow Technologies (a H.I.G. Capital portfolio company) has acquired Sydnor Hydro Inc., a Virginia-based pump distributor and repair services provider focused on groundwater, water and wastewater systems. The acquisition strengthens UFT's Mid-Atlantic presence and pump service capabilities while expanding its municipal, industrial and government customer coverage in Virginia, eastern North Carolina, South Carolina and Maryland.

Lubrication Engineers (Aurora Capital) Acquires SWEPCO from Key Polymer (DalFort)

July 11, 2025

Manufacturing

Lubrication Engineers, a portfolio company of Aurora Capital Partners, has acquired SWEPCO (Southwestern Petroleum Lubricants) from Key Polymer Holdings, an affiliate of DalFort Capital Partners. The transaction is an add-on acquisition intended to expand LE’s specialty grease and lubricants portfolio, including food-grade and industrial formulations; financial terms were not disclosed.